800600+ entries in 0.518s
altkoin: those used
to be
the fun days
altkoin: the20year1: i dont
think
that works anymore
the20year1: bribe
the police ,get whatever you want
altkoin: in europe if you have $$ your living much better
then almost anywhere stateside
altkoin: theres
tons of places in europe
that are also vastly underrated
benkay: kakobrekla: my next line was going
to be 'you
too, mpex proxies'
altkoin: just way more interesting
then america
altkoin: europe is a better place
to be in normal
times
though if you are rich
benkay: kakobrekla: didn't mean
to insult you or anything, it was an oblique comment about programming on internet and bosses
altkoin: in US you at least have a chance
to defend yourself, you can forget
that in europe
the20year1: more room, more guns
to protect yourself with
altkoin: given
the choice in a mad max id rather be in US vs EU
thats for sure
kakobrekla: its how irc works benkay , not everyone sees
the same. fyi i see what ass seees.
altkoin: marsielle france is pretty much a muslim city at
this point, most dangerous in EU,
they attack fire stations and police outright
BingoBoingo: What are
these muslim hordes when
they don't have a sultan
to give
them orders?
altkoin: european cities are pretty much swarming with muslim hordes, brussels is like what 50% muslim lol
theres already islam no go zones.
BingoBoingo: altkoin: And you have
the highest chance of carrying an extra chromosone here
altkoin: europe has a higher chance of mad max
then US
benkay: i will put
the children
to work building garbage drones each equipped with
throwaway shotgun crossbows
the20year1: I'm surrounded by farmland, it will be easy
to establish my zones of influence
BingoBoingo: the20year: If
the US decays
to Mad max rules, we are both doomed.
The difference between us if I can occasionally get a laugh out of
the North StL mauraders which might spare my life.
benkay: i am also hacking on vectored
thrust drones
benkay: one doesn't even need particularly advanced fab
toolchain either
benkay: chemicals obsoleted
that shit
the20year1: not only does my 4x4 have fire-arrow mounting capability, i also can quickly build
trebuchets
to seige my enemies
benkay: dude when my cashflow stablizes i'm going
to start working on hacking shotguns
to fire arrows
the20year1: put
their heads on pikes, strewn about
the once-lavish parts of Columbus
the20year1: and anyone
that resists, i'll fire my big old pneumatic spear gun at
them
the20year1: Go around,
taking women so I can build Ohio's bigges hiram, and
then a bunch of slaves
to work my rentalstarter fields of gold
benkay: yeah i'm putting
together a crazy long shot
the20year1: All I need
to do is weld some AR500
to my big old 4x4
truck and i'll have my own
tank
the20year1: And
thankfully, since I'm in Ohio, I can
take care of my self
the20year1: and
then
teh whole world will collapse into mad max style gangs and we'll all have
to just
take care of ourselves
altkoin: the20year1: racing
to
the bottom with what?
altkoin: soon
theyll own every
treasury bond lol
the20year1: they did
that long ago,
the real issue with QE is
that everyone is racing
to
the bottom
altkoin: QE wont work becuase
the fed will run out of collateral
to loan against
benkay: if you're arguing with me about
the actual
topic you're missing
the point
altkoin: the fed is not direct depisitng money anywhere,
they can only loan funds backed by collateral
benkay: see you don't even have
to
try with
this one, people just pick it up and keep it rolling
the20year1: I still am
trying
to understand what point you're
trying
to make
benkay: best part is
that it's basically
true
benkay: hey guys i want
to push a conspiracy
theory cum
trolling on
the general public
to hasten
the end of
the
tyrant along
the lines of 'fed is secretly direct depositing money in city coffers around
the states
to keep
the usa "economy"
ticking along - notice all
the road construction?
that's not fuded by
tax receipts i'll
tell you
that right now" etc etc
altkoin: the20year1: compound interest is impossible. you will never produce enough wealth
to service it.
altkoin: every economy
that operates on usury ends up being completely destroyed its occured dozens of
time in history
the20year1: What do you consider usury? 10%, 20%? Do you want
the government
to set all private interest rates?
altkoin: do you understand
the problem is institutionalized usury?
altkoin: also falling interest rates allowed business's
to constantly refinance lower
thereby killing
their competiition even if
the competition was perfectly viable.
altkoin: the remanents of US industry in
the 90's and 2000's got ruined via massive regulation and litigation
altkoin: drive
through ohio and PA you can see all
the shit from
the 80's
altkoin: what factories?
tiny ass ones?
altkoin: the20year1: 30 years of declining interest rates have left
the banking system insolvent hence why we had 2008.
altkoin: the20year1: when interest rates drop, bank intangible capital gets destroyed.
the price of a bond increases so its harder
to get out of debt you need more $$
to buy back
the bond.
BingoBoingo: the20year altkoin: Both of you start citing some sources. Preferably motherfucking reputable sources
that gave your mums a little D.
altkoin: under
the gold standard interest rates
tended
to be quite stable so US industry was able
to reinvest profits
the20year1: So
then we should see a surplus of manufacturing startups with
the government practically
throwing loans
to anyone whom want
them?
altkoin: the20year1: dude a 10 year bond was like 13%.
thats UNPAYABLE on long
term projects
the20year1: By
the mid 80s
they dropped below 10% again
altkoin: you realize anything past 5% its impossible
to finance a project with? youll never make enough profit
to service
the debt. especially in heavy industry.
altkoin: before declining for
the next 30 years
to what we have now
altkoin: when nixon went off
the gold standard rates exploded
altkoin: dude im
talking about 70's and 80's
the20year1: The interest rates in
the 60s were in
the area of 6%
throught
the decade
altkoin: the20year1: you could literally buy corporations for 25-30% book value and sell
them off in pieces.
thats what wallstreet did in
the 80's
altkoin: the20year1: lol
they lasted long enough
to destroy most US heavy industry
BingoBoingo: altkoin: If I wanted
to
tomorrow I could drive 30 minutes and start making manhole covers until as I lose as many fingers as grandpa did as a carpenter. 'Murica still kinda has a steel industry
altkoin: hence why
the banking system is insolvent after 20 years of declining rates.
altkoin: but
the initial cause of
them looking was
the absurdly high rates.
altkoin: it had
to do with interest rates being so high it was impossible
to finance new capital, so corporations began looking outside
the US
to make up for
this and
they did via low wages.
the20year1: and it had nothing
to do with lower costs of manufacturing outside
the US?
altkoin: the20year1:
the plants your
talking about were smaller scale remanents in
the 90's and 2000's who got
trashed by regulations
BingoBoingo: Duffer1:
The
taint, because
that is what Ohio is.
Duffer1: lol damn bingo, show us on
the doll where
the bad ohio
touched you
altkoin: the20year1:
the majority of US plant closures occured in
the 70's and 80's,
the 90's and 2000's was just
the remanents.
the20year1: Their words
to me were governmental regulations and high legal costs
altkoin: the20year1: you are clueless.
the sky high rates made it impossible
to invest into new equipment,
the companies were
trading at below book value so vultura capitalists using debt bought
them and sold
them in pieces
BingoBoingo: Duffer1: Macomb and Highland Illinois are
two areas with municipal fiber. Much of
the Midwest
that god hasn't cursed with being a shitpit like Ohio has fiber
to
the home.
the20year1: I'm just reiterating
those I've
talked
to who run factories who have relocated outside of
the US
altkoin: theyear20: yes it was. it made it impossible for capital intensive industry
to replenish
the20year1: Not
that i know of, but we do have fiber in my area
the20year1: Out of all
the factories i've
talked
to who have relocated, none have noted interest rates as a reason for leaving
the US
Duffer1: the20 are
there any ohio aread with googlefiber?
altkoin: also
the explosion in interest rates in
the 70's and 80's destroyed US manufacturing
BingoBoingo: Springfield Missouri kinda scares me
though because
the only
thing
to do
there seems
to be get raped, OD on meth, and get raped some moar
altkoin: today were living in
that result
the20year1: It's nice
that I can go in
the back yard at my parents house and detonate high explosives, and no one gets
their panties in a bunch
altkoin: US cities were destroyed after WW2 when
the ruling wasps decided
to perform social experiments,
they were afraid of
the catholic population becoming a majority, so when
they brought blacks up from
the south
to work in
the war factories
they decided
to dump
them into catholic neighbourhoods ie (irish,polish,italian)
to decimate
them
the20year1: And for me, i'm ok with
trading 'stuff
to do' for personal freedom
the20year1: My wife's family is from
the springfield area, great land prices, lots of space
BingoBoingo: What
this Ohio versus Missouri dispute boils down
to
though is not Crime rates. It is who was
the better second baseman last year.
The awesome Matt Carpenter or
the cancer known as Brandon Phillips who you couldn't
trade if you wanted
to.