494 entries in 0.688s
decimation: asciilifeform: I think it's true that whatever you define "living wage" in the
bezzle-world, the number has been steadying going up over the years
decimation: re: bitshares : I find it amusing that in order to be pretend to be "credible" one must have all sorts of
bezzle-corporate logos pasted on their website
decimation: we did worse - we made them depend on the
bezzle for welfare - now most of them exist in a drunken half-stupor
mircea_popescu: it'd be fucking ridiculous if i took my capital out of the
bezzle, but allowed the emotional soliciting nonsense to continue.
mike_c: no way, stocks can't peak in
bezzle world.
decimation: as this blog points out, the real reason they are doing this is to bar another escape hatch from the
bezzle economy
decimation: headquarters of mcdonalds & related
bezzle business
decimation: well, that's the problem with the
bezzle, it doesn't pay much to have skills, only friends
decimation: note those cities largely lack gov't jobs, and lack the primary patrons of
bezzle money (big finance, welfare, defense contractors)
decimation: note that the areas that have increasing millennial home-buying are all low-cost areas that have escaped
bezzle inflation: "Among the top cities that may see a surge are Austin and Dallas in Texas, as well as Denver and Des Moines, Iowa. "
decimation: there were plenty of the early ones who cashed in on
bezzle money - real estate prices are not cheap around bellingham
decimation: yeah that's the underlying driver.
bezzle -> real estate values -> suddenly life is unaffordable for the peasants
decimation: "agilent" is going to go to the bio-
bezzle company
mp_on_a_boat: the
bezzle economy is a crime against humanity.
decimation: and the parts that aren't are
bezzle-priced
mircea_popescu: or invest your intelligence with the
bezzle, 4% left in thirty years ?
mircea_popescu: the notion that you can somehow be rich without being powerful is perhaps the lulziest part of the
bezzle system.
benkay: <mircea_popescu> decimation: now, why do you suppose those who work in the
bezzle economy are showered with special favors while those who work in the "real economy" are treated as serfs? <<< here's the thing : real estate agents are certified, and have to be bondend in many places, and have to follow best practices, and can and are put to the coals ifthey do not.
mircea_popescu: decimation: now, why do you suppose those who work in the
bezzle economy are showered with special favors while those who work in the "real economy" are treated as serfs? <<< here's the thing : real estate agents are certified, and have to be bondend in many places, and have to follow best practices, and can and are put to the coals ifthey do not.
decimation: now, why do you suppose those who work in the
bezzle economy are showered with special favors while those who work in the "real economy" are treated as serfs?
decimation: it could easily outsingapore singapore with its location. but it won't, because it is a combination of
bezzle playground and indian reservation
mircea_popescu: decimation not what i meant. what i means was, the proposition that somehow girls naked in the street are tools of the us
bezzle. it's ludicrous.
decimation: mircea: re pussy riot: but ultimately they are tools of the western
bezzle machine
decimation: I wonder if this has to do with the sudden uptick in acquisitions by the
bezzle masters
decimation: ascii, as long as USG is able to keep the
bezzle going - joining the
bezzle wot is going to be profitable. Ivies are the traditional entrance to the
bezzle wot
decimation: which puts you right back into having to make friends and influence people in the
bezzle wot
mircea_popescu: fluffypony, you may underestimate the
bezzle. what's whatsapp sell for i forget ? 50 trillion ?
mircea_popescu: i can sorta visualize the
bezzle as this very raunchy bubble butted 20something mulatto
nubbins`: "#b-a, where the
bezzle comes to die"?
decimation: asciilifeform speaking of
bezzle, have you seen what it costs to transact property in Maryland?
decimation: yeah that's true, the the
bezzle-world you have to dance by the money-printer's tune
decimation: where in other more
bezzle-oriented industries you can have massive profit margins for little effort
bounce isn't sure why you're so happy to throw
bezzle at redmond-owned skype
mircea_popescu: i tihnk the first rule of embezzle is that you can never know how much
bezzle there is.
decimation: that's pretty much the whole
bezzle right there
decimation: the only reason that USians don't open a checking account with the Fed is to spread around the
bezzle BingoBoingo: keonne: The defintion of want and the definition of
bezzle bounce: apropos bank accounts, plenty places it's not a privilege since the government pretty much if not outright requires everyone to receive the
bezzle through one of those. easier on the tax man, see.
mircea_popescu: the real problem is that it makes it impossible to differentiate talented managers of resources from fools who happen to be friends with the
bezzle-kings << HARDLY :)
decimation: chinese
bezzle is spent on its production industry
decimation: the real problem is that it makes it impossible to differentiate talented managers of resources from fools who happen to be friends with the
bezzle-kings
bitcoinpete: the
bezzle economy deploys its regulators under the guide of "public health" to clean this stuff up but it really can't go away
bounce: not being part of the, well,
bezzle economy is the word here
mircea_popescu: so : the
bezzle fundamentally is born out of and exists for the following reason :
mircea_popescu: so anyway : only recently has tech become respectable, and as such it couldn't historically afford the huge
bezzle-usd load of owning real estate outright.
mircea_popescu: <decimation> right, I get your point, but in the context of today the problem is that
bezzle-finance has made the job of resource allocation niegh impossible << yes, tis true, but also somewhat unrelated to the issue of engineer pay.
decimation: right, I get your point, but in the context of today the problem is that
bezzle-finance has made the job of resource allocation niegh impossible
decimation: this whole "the ceo should get 1% of the business" deal is something that happened in the 80's with the increasing
bezzle mircea_popescu: if you overpay them the
bezzle-usd just runs into inflation.
decimation: right, my only point is that they are all fractional reserve banks on the British model. The
bezzle follows you everywhere
decimation: yeah homes are definitely fully funded with
bezzle mircea_popescu: you may not know this, but there's a major miner
bezzle market going
benkay:
bezzle -> crypto may yet fly
rithm: i personally operate mostly in the
bezzle space obv
ozbot: The
bezzle-USD and the tide-USD pe Trilema - Un blog de Mircea Popescu.
mircea_popescu: people with money, actual money, are underserved because not part of
bezzle.
benkay: another cuh-ray-zee aspect of the
bezzle is the plastic rewards thing that makes cash more expensive.
mircea_popescu: it's just that it makes no sense for you to keep virtual benjamins if you do nothing in the
bezzle.
mircea_popescu: about 200mn of us citizens live in the fictitious world of
bezzle. they never use cash for anything. about 50mn us citizens live in the real economy, they mostly use tide for currency, but at the fringe there's this exchange of people who work for the fictitious economy,
mircea_popescu: i suppose properly
bezzle should be traced back to gailbrath, cca 1929
mircea_popescu: asciilifeform because the average american owns some
bezzle called 401k
mircea_popescu: mike_c put that in perspective. the
bezzle is the
bezzle. people who are authorised to handle the imaginary portion of the monetary base may do X Y Z types of things. people who are not, however, may not.
jurov: prolly copied verbatim from some
bezzle manual
mircea_popescu: they simply use that particular
bezzle to defraud whoever's so inclined.