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Too. Big. To. Fail. I still have the tab (open from yesterday's /hn/) about Trickle Down Economics working as intended (which it obviously does, from a certain

Too. Big. To. Fail. I still have the tab (open from yesterday's /hn/) about Trickle Down Economics working as intended (which it obviously does, from a certain minority of the population's top-of-the-K-curve POV). Honestly, this is a good strategic move for USA lifestyle status quo, given Japan does still hold a massive amount of US bonds / debt obligations (even though in the past decade it has been lessening its exposure to US debt instruments). I believe 2026/2027 is the threshhold where USA interest (on our debt) is the top-line of our fiscal budget. #USA ---- This is not financial advice (I am a semi-retired datacenter ELECTRICIAN, as bluecollar as they come): look at the top marketcaps now verse just a few years ago. Pre-Covid, a $2T$+ marketcap was a rare achievement (i.e. Saudi Aramco... which is sometimes not even Top 10 anymore!): now there are three companies that are solid $4T$+ marketcaps, sometimes flirting into $5T$ (a few days at a time). Inflation is the only answer, from that same top-of-the-K POV. Gotta keep them assets 'tected, ya'll. Or track gold. Artwork. Land. Anything Real, legally speaking (except soon/now: perhaps not SFH housing) #WhateverDawg ---- If you've been saving up for a house: right now you should really check out Michael Bordenaro's recent video on the topic of "Corporate Landlords shedding rental homes" [1] – I have no affiliation other than enjoying his almost-daily audio commentary – he is a former realtor (I went to college he sold houses) and his topics are extremely observant and varried. Michael's self-shot walks helped inspire me to get in better shape (e.g. lose "dead parent" weight, lower BP, &c) and rejoin "the tanktop generation" (he is a bit younger than me, but I never grew up so...). |-30lbs|-12kg~| Save until you can put down at least 20% (to avoid additional insurance fees), because in a-fifth of US states insurance is already going to cost more than property taxes (which is ridiculous)! [recalled from video, below; double-check my aging flesh memorybanks]. One in twelve SFHs are NOT insured, including mine (a rental); I also do not have personal rental insurance, as tenant, because I. do. not. care. #Mom&Pop [1] <https://www.youtube.com/watch?v=0n8trvfUTZs https://www.youtube.com/watch?v=0n8trvfUTZs> spec: 5m40s (for a list of companies net-shedding)

downrightmike 2mo ago
2020, US printed $4 trillion dollars, 20% of all the currency it had ever printed. Then gave it to the richest and the greedy through PPP loans, and they stuffed that into the market. More $1t companies is logical. This isn't too dissimilar from when Spain plundered the new world for gold and silver. Which then inflated their local markets as there were only so many real goods to be bought, otherwise they paid off debt, and came out of that poorer and didn't have money to build ships. They were strong on paper until England challenged them. US was strong on paper until it went after Iran. US is having it's Spain moment right now.
- ProllyInfamous 2mo ago
  I worked for a charity a few years after the PPP bamboozle (at the time, equivalent to outstanding student loan debt ~1.7TT iirc). We pulled annual funding from something (which we were initially really proud of) after we discovered one of the physicians involved had "fulfilled" (i.e. borrowed and legally never repaid, per PPP's generous terms to business owners) their own business' loan, to the six-figure tune almost identical in value to their new company Mercedes Benz AMG... Ridiculous, most of "charity" (for the record: good ones exist, occassionally and early on [is typ.]) isn't anything more than tax write-offs and swindling. ---- >>2020 USD I absolutely 'member how crazy those 2020 M2 charts were (i.e. money creation/turnover).

downrightmike 2mo ago

2020, US printed $4 trillion dollars, 20% of all the currency it had ever printed. Then gave it to the richest and the greedy through PPP loans, and they stuffed that into the market. More $1t companies is logical. This isn't too dissimilar from when Spain plundered the new world for gold and silver. Which then inflated their local markets as there were only so many real goods to be bought, otherwise they paid off debt, and came out of that poorer and didn't have money to build ships. They were strong on paper until England challenged them. US was strong on paper until it went after Iran. US is having it's Spain moment right now.

ProllyInfamous 2mo ago
I worked for a charity a few years after the PPP bamboozle (at the time, equivalent to outstanding student loan debt ~1.7TT iirc). We pulled annual funding from something (which we were initially really proud of) after we discovered one of the physicians involved had "fulfilled" (i.e. borrowed and legally never repaid, per PPP's generous terms to business owners) their own business' loan, to the six-figure tune almost identical in value to their new company Mercedes Benz AMG... Ridiculous, most of "charity" (for the record: good ones exist, occassionally and early on [is typ.]) isn't anything more than tax write-offs and swindling. ---- >>2020 USD I absolutely 'member how crazy those 2020 M2 charts were (i.e. money creation/turnover).