npoc

16 ms·

151.
by npoc 2y ago
Enoch Powell explained all this nearly 60 years ago, and was sacked the next day by Edward Heath. The term "racist" is at best useless and at worst dangerous. It doesn't differentiate between judging people based on their phy
152.
by npoc 2y ago
In the UK, serial child rapists are being given 3 year sentences
153.
by npoc 2y ago
I don't want a gold standard - it was good while it lasted, but it'll just end up zero-reserve again. Instead I am saving in a money with fixed issuance, that people can't just print out of thin air. It's proof of work,
154.
by npoc 2y ago
Work and then sell your tokens back into the market as fast as you can, for gold. Or even better, for gold V2: bitcoin.
155.
by npoc 2y ago
> what is the alternative exactly? created by putting in work of equal value, you know, like that one form of money that has lasted for millenia, as opposed to these fiat tokens that always fail. > like no duh the economy & mone
156.
by npoc 2y ago
> Money is created by private banks through lending. Exactly. Every single dollar was created from thin air, as a "loan". > it seems like every year someone watches a YouTube video about inflation and deduces, with zero furt
157.
by npoc 2y ago
It's not nonsense. The banking system printed every dollar out of thin air and is charging interest on every single one (giving a cut to government). For decades and decades. I made a post earlier detailing the mechanism they use to ex
158.
by npoc 2y ago
Its not about working less, it's about not having your wages stolen. If people understood they were getting a pay cut each year, they likely wouldn't stand for it. Instead they celebrate it as a pay rise but wonder why they can&#x
159.
by npoc 2y ago
Sounds good until you discover that its the people who own the fed that are really in power. Everyone should read at least the first few chapters of "The Creature from Jekyll Island" to understand how much money (power) they have.
160.
by npoc 2y ago
Yes. As they're incentivised to "lend" (print) as much money as they can, to obtain the interest, the outcome is that they're encouraged to start wars and fund both sides, because war generates the highest demand for loa
161.
by npoc 2y ago
Sure. But what they are really doing is giving you a pay cut each year without you realising, and the bankers and their friends closest to the money printers are pocketing it. Compounding even 3% annual cut in real value adds up to an 80% p
162.
by npoc 2y ago
> The motivation would be to maintain one’s station, whether that station were impoverished or rich. Most of America isn’t in poverty, yet still works hard to try and achieve higher status, greater luxury, etc. Poverty is relative, but I
163.
by npoc 2y ago
Now we're on a completely different subject, but that's fine. Trust what system exactly? If there was no poverty, there would be no motivation to work and build a roof over your head or grow crops to make bread. Unfortunately, the
164.
by npoc 2y ago
Economic value is entirely rooted in life on the ground, but it is simply the demand part of the equation. Its equal to demand (in £) divided by supply (kg/gallon/BTC etc). Market oscillations are all based in practical reality, b
165.
by npoc 2y ago
That's only demand. Economic value = supply / demand. Do you value air? It's worthless. I wouldn't buy a litre of air for even a penny. But put me at the bottom of the sea, out of oxygen (i.e. no supply), and I'd gi
166.
by npoc 2y ago
You're confusing things that you value in life with things with economic value. Also you don't seem to see that something that stores your economic value better than anything else (the "infinite" outcome) would be of gre
167.
by npoc 2y ago
> whey itself does not necessitate killing anything. This is assuming that people would eat calves if they weren't killed so that we can take their milk.
168.
by npoc 2y ago
It's the dead calves' milk.
169.
by npoc 2y ago
Our civilisations also kept slaves for millennia.
170.
by npoc 2y ago
Milk production is performed by making cows pregnant repeatedly (about once per year I think) throughout their lives and then killing most of their calves. Once the mother cow is worn out from all the births, they too are killed.
171.
by npoc 2y ago
True inflation is money supply inflation. Doubling the amount of money (diluting the total value across more monetary units e.g. dollars), halves the value of each monetary unit, doubling prices. This is why hard assets, like gold, housing
172.
by npoc 2y ago
Also involves killing calves
173.
by npoc 2y ago
Still bitcoin. It's only just getting started. https://imgur.com/bDNG0X1
174.
by npoc 2y ago
After using a standing desk for months, I developed hip pain that I haven't recovered from 2 years later. Maybe just a coincidence, but I don't think our bodies like standing in one place any better than sitting - in fact it could
175.
by npoc 2y ago
How does it make it not a secure, distributed store of value? Just asking.
176.
by npoc 2y ago
To discuss whether the dollar has intrinsic value, we need to agree on the definition of intrinsic value, and my hypothesis is that it doesn't actually exist from an economics perspective. We simply have the demand for something (due t
177.
by npoc 2y ago
Intrinsic value for an option's strike price is a special case, as the value is fixed to a historical moment by prior agreement. Correct me if I'm wrong, but it seems from the rest of your post that you see intrinsic value as &quo
178.
by npoc 2y ago
Could you give an example of something with a price >0, but no intrinsic utility? Also, demand / supply equals value, not price. The price is determined by the value / value of the thing you're pricing in. For example the
179.
by npoc 2y ago
Demand is completely linked to usefulness. What most people don't understand is that gold's primary use is as a scarce, divisible, fungible store of value. This is why it has a market cap of $18T. Not because it's shiny, or u
180.
by npoc 2y ago
So because shops have sales where people buy jeans at one price and a week later the jeans cost 30% less, shops are a scam/useless/a bubble?

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