[-] [email protected] -1 points 2 months ago

Sorry, median I meant. Obviously averages are a poor measurement for salaries.

[-] [email protected] -2 points 2 months ago* (last edited 2 months ago)

Accepting gays is definitely the same as funding sex change for prisoners and sending them to a female prison, which was one of the most successful ads in history.

[-] [email protected] -2 points 2 months ago* (last edited 2 months ago)

Well forcing the drug treatment ~~lockup~~ of people addicted to hard drugs would probably do a lot to hurt the gangs that are funded via selling hard drugs. I'm assuming most of the gun crime is gang related violence.

[-] [email protected] -3 points 2 months ago* (last edited 2 months ago)

Which part are you skeptical of, I'm assuming the petro Canada part?

It was my comprehension of this:

https://liberal.ca/cstrong/costing/

We have dwinding productivity investment in Canada, as the Bank of Canada always points out in their pressers, and have had for a while now. Much of this is high tax, regulation, and bureacracy; this is being combated by trying to seed private investment using tax dollars, as Freeland has been talking about for a while now.

Just consider yourself when you go to invest, would you invest in the US who is cutting regulation and corporate taxes, or Canada who is worried about indigenous groups and is talking about having corporations pay their fair share? The answer is likely why the US is 62.70% of the global marketcap, and that is what we are trying to entice while not cutting our regulatory burden. This is my take on it anyways, but I'm just some guy.

[-] [email protected] -3 points 3 months ago* (last edited 3 months ago)

Calls to violence you mean?

You want a circlejerk with no barriers, whereas I wish we could discuss the reasons why hes putting in tariffs and cutting spending. Project 2025 versus ETS2 for instance, or the fact China is buying fewer and fewer treasuries every year; leading to higher borrowing costs on leveraged economies globally as money is sucked into the US, to fund the spending they also cant afford.

Even the global demographics look bleak given the amount of debt we've taken on, and people are still living in an MMT fantasyland as they roll over their mortgages from 2% to 6%.

[-] [email protected] -3 points 3 months ago* (last edited 3 months ago)

Central Bank QE skyrocketed asset prices and rents increased dramatically, and higher interest rates need to crash the economy to restore balance. Its all the ebb and flow of monetary policy, which has dramatically misallocated capital via cheap debt.

[-] [email protected] -3 points 3 months ago* (last edited 3 months ago)

Many countries started mass immigration after the global inflation caused by global QE and money supply growth, in order to prevent wage inflation. They did this mass immigration just as central banks were raising rates to cool the economy.

This is likely what you are feeling, there was a small time when there was a labor shortage and all the talk of 'quiet quitting' before they started this scheme, as depicted by the phillips curve, now its too many workers fighting for too few jobs as high interest rates slowed things down.

https://en.wikipedia.org/wiki/Phillips_curve

[-] [email protected] -2 points 3 months ago

Oh really, I just saw articles like this popping up a lot, and I live in Canada where we have the same thing going on between provinces:

https://www.ft.com/content/13a830ce-071a-477f-864c-e499ce9e6065

[-] [email protected] -2 points 3 months ago* (last edited 3 months ago)

Weird they dislike the ECB and the European Union, they give us bangers like bank bail-ins and CBDC, to deal with their strangulation of productivity investment and diminishing living standards.

To demonstrate my skepticism towards the Europeans’ ability to leave behind their zombie banking system, unmarketable debt, and complete dependence on suppressing price discovery - consider the following policy reactions orchestrated by the European Central Bank (ECB) since the 2008-09 crisis:

• European Financial Stability Facility (EFSF)

• European Financial Stabilisation Mechanism (EFSM)

• European Stability Mechanism (ESM)

• Outright Monetary Transactions (OMT)

• Long Term Refinancing Operation (LTRO)

• Long Term Refinancing Operation II (LTRO)

• Long Term Refinancing Operation III (LTRO)

• Tripartite Committee consisting of ECB, IMF, EC agreement (TROIKA)

• Forced austerity and bailouts of Portugal, Ireland, Italy, Greece, Spain

• Activation of FED USD Swap Lines

• Asset Purchase Program (APP)

• Corporate sector purchase programme (CSPP)

• Public sector purchase programme (PSPP)

• Asset-backed securities purchase programme (ABSPP)

• Covered Bond Purchase Programme (CBPP)

• Covered Bond Purchase Programme II (CBPP)

• Covered Bond Purchase Programme III (CBPP)

• Pandemic Emergency Purchase Programme (PEPP)

• Quantitative Easing (QE)

• Zero Interest Rate Policy (ZIRP)

• Negative Interest Rate Policy (NIRP

etc..

[-] [email protected] -4 points 3 months ago* (last edited 3 months ago)

Weird what happens when 40% of the currency was printed in the last few years.

Are we blaming the government who control interest rates, gamify the CPI to depress inflation, and who control the corresponding new money supply that drives up the price of basic goods?

If housing, gold, and crypto are any indication people have far too much money than they know what to do with. You'd have to be a fool to not accumulate some cantillon effect for yourself when you're government is throwing money away.

[-] [email protected] -4 points 4 months ago* (last edited 4 months ago)

My thoughts are that China is no longer recycling their profits into US treasuries, and the BRICS countries seemed to be heading down the same path. The US cant sustain high interest rates and needs people to buy this debt, hence there is a lot of talk of tariffs and a "green new deal" type of tariff system on emissions in order to derive additional revenue without increasing taxes on citizens. Citizens want entitlement programs that are ponzi schemes that have already been spent long ago, but they dont want additional taxes, and so you need a scheme to get around their votes.

The same thing happened after the great depression where they rebased gold to a lower value after confiscating it, and some speculate it created an environment ripe for WWII. Our system of printing money tends to increase aggregate demand while misallocating capital, like houses in 2008, and thus it ends in suffering.

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turnip

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