asciilifeform: trinque: there are many ways to keep folks from putting undue strain on shrinking industrial base. one is to simply prevent saving.
asciilifeform: not much of a spoiler if i say that the devaluations did not work! tyres and other seemingly mundane 'shop' goods still had to be allocated in gnarly and entirely nonmarkety ways.
asciilifeform: so the cash had to be collected from people , in occasional mass batches, to relieve strain on scarce supply of x-en.
asciilifeform: you walked into a shop, and, if i had x - you bought x, with paper cash.
asciilifeform: su had not invented credit card and electric money.
asciilifeform: i know a few things re (1) - e.g., cash confiscations.
asciilifeform: i am quite interested in the mechanisms whereby 1) goldmansachs usd are prevented from transmuting into turkey usd 2) plebes wielding turkey usd are restrained from putting unendurable pressure on supplies of limited resources, of the sort which lead to shortages and visible collapse.☟︎
asciilifeform: or at least, implied as reversible 'using sound money'
asciilifeform: but typically it is depicted as 'this-way'
asciilifeform: (it was not wholly impossible to 'leak' pre-btc, either..)
asciilifeform: nor do i have any notion of what ultimately controls the rate of such leakage.
asciilifeform: but this is not exhaustive catalogue.
asciilifeform: i and anyone else can point to a few obvious 'financial memory leaks' - e.g., folks borrowing against 'their' house , buying btc, and rocketing off to mars.
asciilifeform: i.e. i am satisfied that there ~is~ one, but have nfi re particulars (hormesis, say, is a thing.)
asciilifeform: rather like the relation between hbomb tests and cancer rate
asciilifeform: the relationship between the 'goldman sachs printed another trillion' kind of inflation, and this weimar one, is - at least to my savage and primitive mind - a murky one
asciilifeform: the moar interesting parameter is , if you will, 'meta' inflation, it being the rate at which the soup quotient in the soup cans shrinks, the rate at which respectable folk eat soup from cans to begin with - climbs, the plastic in the machine gears increases to 100%, etc.
asciilifeform: which in practical terms simply means that now plebe has to indenture himself for 50, not 20, years, when 'buying' his cardboard boxhouse☟︎
asciilifeform: most of the printolade, at least in so far as is visible to public naked eye, went into real estate racket
asciilifeform: the more interesting q is the rate of leakage into turkey-dollars.
asciilifeform: two available resolutions to this, either four dudes also said 'shut yer trap or there will be problems', and ~everybody~ shut, or...
asciilifeform: the story never seems to end with 'i filed suit # .... and then four dudes in black van came and told me to withdraw or there will be problems'
asciilifeform: 'So she returned to the state disability office and told them this. Their response was, "Oh, I guess that's new. Okay, no problem, we'll assign you a different ID number." My cousin's kid was like "WTF?" and asked them why they would reassign her a number rather than reassign, or better yet freeze, the SSN thief's account. Their response was that they don't get involved in those legal issues, their job is just to provide the benefit
asciilifeform: using SSNs to get benefits, was to stop providing documentation so that the person who was actually associated to the number could prove it, because there were too many instances of this happening.' << this is actual and typical.
asciilifeform: 'The state told her she had to contact the SSA to get a specific form that says her SSN was misused and that she in fact was the "owner" of her number. When she went to the SSA, she said they wouldn't give her the form. The reason? They stopped giving them out (apparently recently as this just happened a few months ago) because they were getting too many request for them. So their decision, rather than going after the people falsely
asciilifeform: 'one prisoner might make a break for it, half a dozen will sit, smoke, justify...'
asciilifeform: 'how to guard an auschwitz. make sure you have half a dozen....' etc
asciilifeform: somehow it is different when done in tailored, vs walmart suit ? i have nfi.
asciilifeform: and i met folks cashing fat usg contract cheques who laughed at 'welfare niggerz' etc.
asciilifeform: but usually ends up flying with own bootstraps.
asciilifeform: mircea_popescu: any of, e.g., the notation threads. or the dope thread. or any ' mircea_popescu: this is worthless crapola used by posers to appear relevant . asciilifeform: no, i saw it used, and perhaps used personally, to palpable effect. mircea_popescu: bullshit, i can do same thing with shoestring and power of my mind. asciilifeform: ...'
asciilifeform: and yes, walk across usa and meet 1,000,001 people who think GIGANTIC lathe, or tractor, or kalash with SHIT HANGING OFF SIDE, will make them THE GREAT MEISTER etc.
asciilifeform: was speaking of the generalized 'tool is +30iq'
