baconandeggs

10 ms·

31.
by baconandeggs 6y ago
If your answer is "so what?" then I assume you are not interested in my answer.
32.
by baconandeggs 6y ago
The law should be the leader . Sadly we have forgotten that.
33.
by baconandeggs 6y ago
As sad as it is, I say we have to accept reality, and that means that a person with disabilities will not be able to do certain things, which does not mean he/she has nothing to do. Maybe he won't be an athlete but he can of cours
34.
by baconandeggs 6y ago
Will it? People will just say we need better mental health treatments. I don't think there is a good argument against UBI that they'll accept. But of course, they don't answer the real question which is who's gonna do a
35.
by baconandeggs 6y ago
And that is why it will fail. Fairness is not about everyone getting the same amount just for existing, for that in itself is not fair. Real fairness is everyone playing against the same rules and being treated the same under the law. Sadly
36.
by baconandeggs 6y ago
Inflation is wealth inequality. It benefits disproportionally the rich, and when done as part of QE it goes straight into assets like AAPL.
37.
by baconandeggs 6y ago
Sadly education is not historically a factor, as highly educated people are among the first to flee a doomed economy while government 'economists' keep assuring everything will be fine.
38.
by baconandeggs 6y ago
Isn't this what already happens?
39.
by baconandeggs 6y ago
Hot salsa is not optional.
40.
by baconandeggs 6y ago
How long until it's you the one that needs to be banned? I sincerely hope there is someone there to stand for you.
41.
by baconandeggs 6y ago
> Should we end small business programs because not everyone's wealthy enough to own a small business? The job of financing ventures should be done by private parties and the banking industry, not by government, but since they are t
42.
by baconandeggs 6y ago
You seem to be the one upset. Storing gold consumes energy, printing money consumes energy, using credit cards and maintaining a bank's data centers consumes huge amounts of energy; they have been doing it for decades, and with far dir
43.
by baconandeggs 6y ago
Because oddly enough, you can't buy classic cars as investment if you don't have the money.
44.
by baconandeggs 6y ago
Hence why they shouldn't do it.
45.
by baconandeggs 6y ago
You don't have to give your IP away. US "business" men willingly gave the Chinese their IP in exchange for cheap labor. You don't have to do that, that is not the only other option. Enforcing current laws is enough. And
46.
by baconandeggs 6y ago
Is the chinese "law" the law in the US now? Should we get rid of all government branches and just copy what they do?
47.
by baconandeggs 6y ago
What are you talking about? All countries protect their industries. Are we forgetting about Bombardier? All military contractors are almost part of the US government at this point. And Apple, and now Microsoft apparently are leveraging Trum
48.
by baconandeggs 6y ago
> One party produces oil, a second party consumes oil, and the third party is just there to take his cut because he thinks he's smarter than everyone else. One party produces oil and a second party consumes oil, but those events do
49.
by baconandeggs 6y ago
Sure, neither can paper money be eaten. Well, it can, but it is not nutritious. All the problems of gold are the same with paper money, there's no need to type the wheelbarrow story again. And gold might've not been useful in germ
50.
by baconandeggs 6y ago
Because the dollar is the reserve currency of the world, it will hyperinflate if and when the international community begins transacting en-masse in other currencies or even in gold, and dumping us bonds. Then all those dollars outside th
51.
by baconandeggs 6y ago
The problem of storing gold is the same as the problem of storing paper money, there is no difference. Have you tried storing a million dollars in your own home? It is not for the faint of heart. There is no difference except that in a cris
52.
by baconandeggs 6y ago
Prices do go down. Smartphones for example, or clothing, tvs, music and entertainment via netflix, etc. Even food is now more attainable than ever. Technology and efficiencies in production naturally generate deflation, but for some reason
53.
by baconandeggs 6y ago
Gold price soaring represents the failure of the political establishment to manage a fiat currency. Populist proclamations via money printing, corporate welfare, and the corrupt dismantling of the rule of law (basically stealing TikTok for
54.
by baconandeggs 6y ago
It doesn't much. But you could own actual, uhm you know, gold.
55.
by baconandeggs 6y ago
The interests and the dividends come from someone, they don't magically appear from the heavens. That person had to add value to the system in order to be able to pay the interest, maintaining the zero sum. > You would have thought
56.
by baconandeggs 6y ago
It is zero sum because it adjusts, no matter what you do. If you pump more oil from the ground, the prices will fluctuate until they reach the new zero-sum level that takes into account the new production level. A pegged dollar is the same,
57.
by baconandeggs 6y ago
Now that you've reached the point of calling everything theft, there is nowhere to go. Congratulations.
58.
by baconandeggs 6y ago
> whereas the other two just wanted to actually trade goods. They wanted to trade excess goods , in other words, unrealized profits, for something usable to them to realize the profits of their labor. Everyone's intention is to pro
59.
by baconandeggs 6y ago
It is zero sum in the sense that all the money has to be equal to all the stocks. Not in the sense of perceived value .
60.
by baconandeggs 6y ago
A speculator does one thing only: takes assets not in (peak)demand today and bets they are gonna be in demand in the future. He takes a calculated risk and a lot of times it doesn't pay off. Everybody involved is getting paid and all t

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