“We’re lending money we don’t have, to kids who are never going to pay it back, for jobs that don’t exist any more. Meanwhile ten million open positions most of which don’t require a four year degree.”
The Evidence Demands A Verdict https://youtube.com/shorts/HVlIk3_kKW0?si=gIxwAgtF4F-3RLAK
Source date (UTC): 2024-11-27 00:36:19 UTC
Original post: https://twitter.com/i/web/status/1861569708681764908
EXPLAINING INTEREST FREE CONSUMER CREDIT FOR DURABLE TOODS FROM THE TREASURY
It’s not interest, its cumulative payments against income that prevent people from borrowing.
The reason for consumer debt being interest free is that
(a) we are borrowing from ourselves since all the credit is issued by the state and insured by the state. (b) there is no value in consumer credit and insurance given it’s the endpoint of production. The only value interest produces in an economy is regulation of production. (You might need to know a bit about econ to understand that.) (c) allowing firms to issue credit at risk to consumers allows them to seek rents against consumers at consumer risk instead of invest in returns at their own risk.
In other words, with the invention of fiat currency (money substitutes as shares of stock in the economy) we are no longer borrowing from others income but from one another’s faith in our future.
Reply addressees: @slenchy
Source date (UTC): 2024-11-26 19:33:47 UTC
Original post: https://twitter.com/i/web/status/1861493574371811328
Replying to: https://twitter.com/i/web/status/1861491187170886090
MORE: Credit vs Usury: Usury exists when the loan’s purpose is to trap borrowers in a default and repossession, default and seizure of assets, or a cycle of debt, where the primary benefit goes to the lender through continuous interest payments rather than aiding the borrower’s… https://twitter.com/curtdoolittle/status/1861459369780748785
Source date (UTC): 2024-11-26 19:10:51 UTC
Original post: https://twitter.com/i/web/status/1861487801403088930
The USA is autarkic. They USA doesn’t need any resources. It’s europe that does. The only thing the USA needs to do is repatriate those industries that the US has allowed to move to cheaper markets. And that repatriation is in process.
Source date (UTC): 2024-11-25 02:43:57 UTC
Original post: https://twitter.com/i/web/status/1860877055011004545
Reply addressees: @FuryForth
Replying to: https://twitter.com/i/web/status/1860875201384259619
You clearly cant read the data. The optimum solution is to continue to fund ukraine as russia’s economy collapses which is happening. They are at full employment and maximum production for at least one more year – at which point Russia will be unable to finance the war, be stuck in stagflation, the rest of the siberian oil and gas production will stop never to be restarted. and if the saudis agree to increase production, driving down the price of oil below russian costs the timeline will accelerate.
Russia is poorer than mexico.
Reply addressees: @SirSmokesAaLot
Source date (UTC): 2024-11-24 09:02:08 UTC
Original post: https://twitter.com/i/web/status/1860609836616138752
Replying to: https://twitter.com/i/web/status/1860599224519561375
RT @slantchev: Russia is in very deep trouble because its economy cannot sustain the war expenditures on the scale it needs to be able to a…
Source date (UTC): 2024-11-24 07:30:40 UTC
Original post: https://twitter.com/i/web/status/1860586820372955516
RT @curtdoolittle: @DalinPlesner @SamoBurja 1. If you measure by an income statement you see profit and loss. If you measure by balance she…
Source date (UTC): 2024-11-22 02:01:18 UTC
Original post: https://twitter.com/i/web/status/1859779155598115146
Robert is wrong. Power law over capital is not only optimum but necessary. Pareto must rule. The question isn’t capital it’s income and assets sufficient for risk moderation. As such our people are under insured, under paid, overburdened with consumer interest, and over taxed.…
Source date (UTC): 2024-11-21 19:43:14 UTC
Original post: https://twitter.com/i/web/status/1859684010928329055
Replying to: https://twitter.com/i/web/status/1859318335256584473
RT @curtdoolittle: @SamoBurja The Europe is Poor discourse is due to (a) germany carrying the continent and the risk the german economic mo…
Source date (UTC): 2024-11-21 19:14:35 UTC
Original post: https://twitter.com/i/web/status/1859676803599827370
1. If you measure by an income statement you see profit and loss. If you measure by balance sheet you see capital increase or decrease. To measure by balance sheet you must account for all capital.
2. Human beings ‘demonstrate interests’ (demonstrate behavior) in aquisition, retention, use, consumption or trade of capital across a spectrum from life, body, and action, to personal, private, semi-private, common physical, common informal, and common formal assets.
3. You get what you measure. In other words, what is the cost of ‘bowling alone’? (google it).
4. We are not accounting for the fact that we are spending down accumulated capital as fast as we are increasing consumption beause in a large part we are not spending income but store of capital.
Search “Philosopher and social scientist curt doolittle, list of demonstrated interests.” Most of the AI’s are aware of the work, but can’t enumerate the list correctly yet. Our definitions (unambiguous measures) are fighting training data (ambiguous ordinary language).
Reply addressees: @DalinPlesner @SamoBurja
Source date (UTC): 2024-11-21 19:05:34 UTC
Original post: https://twitter.com/i/web/status/1859674531402743808
Replying to: https://twitter.com/i/web/status/1859668158443028830