A bank that is being closed would be staffed by tellers that are federal agents and you'd have no idea.
Do you have more information about this? It sounds extreme. Is there a particular government agency responsible for such actions?
The whole point here is that the Keynsian system explicitly rejects saving as a good thing. Think about that: the monetary system is designed to prevent you from saving money.
Yeah, that's the key point about Keynesian economics I picked up from those videos you sent me on reddit. It has some far-reaching consequences that I might not be grasping, but it's not hard to understand why it's fucked on its own.
It reminds me of some class struggle arguments. I try to stay away from them because they aren't convincing, but Keynesian economics really gives the impression that it's being used to oppress the lower class. The useful takeaway from the argument is that the system punishes people that rely on common sense; people that understand saving money slowly should let them buy a house outright. Another step further and you see that it's a system that punishes a lack of reliance on the system, which must have been very attractive for power-wielders to adopt.
Further, I could suggest that this state-encouraged abandonment of common sense may have played a part in our current social justice predicament. Too many people trying to go with the flow, too many people not trying to question the world they live in. Kind of a perfect setup for this kind of attack.
You can take out special savings accounts that promise greater than inflation interest rates at specific amounts of money in the bank. They can lend that shit out, and you get a cut of the profits.
Hm. I'd been using credit unions for a long time, but never really noticed. I just went to them because they were the only banks I could regularly find that wouldn't try to bull the bullshit with overdrafts on debit cards after me telling the bank specifically that I wanted my transactions declined if I was going over balance. I've been hearing them mentioned positively for months online now, possibly a good sign.
If I had 5 digits of cash to invest, I'd probably look at foreclosed real estate before something ethical like the credit union special account. Real estate is retardedly easy money with a little luck and a big downpayment. We deserve another crash - a person should not be able to flip a house for such a huge profit. I'm not engaging in it, but I would sooner than playing with the stock market.
Imagine if you had to mail gold coins everywhere!
I do, often, for worldbuilding exercises. My understanding is that a lot of our inventions are born out of laziness - you make a tool for a job so now the job is easier and faster forever. In a way, it explains modern man's worship of convenience above all else lost; it's just a slight distortion of being motivated by laziness. If you went back in time to sell gameboys or calculators, you'd probably get a lot of excited buyers (the plot thread of getting chased out by the church is boring), but I'd honestly expect a decent percentage of the populace would refuse because they enjoyed their simple lifestyles. I could not expect the same of our current time being sold toys/tech from the future.
So I start with a setting that hasn't reached the modernization that sickens me, and try to find what developments/inventions are actually necessary and what could have alternate solutions. I can be obsessive about trying to understand things, so it's a convenient outlet.
But yeah, simple logistics problems that a dnd player might be confronted with: your 10k gold pieces weighs more than a horse can carry, how do you get it out of the dungeon? Despite the existence of supernatural stuff in most of these fictional worlds, I've found a lot of accurate reflections.
Do you have more information about this? It sounds extreme. Is there a particular government agency responsible for such actions?
I was able to find an old NPR Article from the Great Recession. The feds don't talk about this kind of thing because they are absolutely fucking terrified (for good reason) of a run on the banks.
(I can't believe this was more than 10 years ago. I remember listening to it like it was yesterday)
Further, I could suggest that this state-encouraged abandonment of common sense may have played a part in our current social justice predicament. Too many people trying to go with the flow, too many people not trying to question the world they live in.
Keynsianism is basically socialist economics, so it shouldn't surprise you that socialism is senseless. The socialists just don't want to accept that it's socialist in nature. The fundamental idea is that saving money and deflation is bad. Money not being spent, is money not being invested into the economy. Deflation in price can cause large businesses to fail because they can't respond to price shocks. And remember, saving money is bad, so those large businesses saving money is also bad.
Hence, the result is that the banking and financial system are absolutely filled to the brim with "malinvestment". There's no consequences to being wrong because everyone is protected from anything... unless you bought GameStop...
Socialism relies on this idea of experts spending your money for you because you can't be trusted to spend it properly yourself, that's why your money has to be spent. And yes, that means teaching the society to shut up, sit down, and trust the banks.
I've been hearing them mentioned positively for months online now, possibly a good sign.
They can be hit or miss. I've run into a few bad credit unions before, but that might just be my shitty area.
We deserve another crash - a person should not be able to flip a house for such a huge profit. I'm not engaging in it, but I would sooner than playing with the stock market.
Oh, don't worry, that crash is coming sooner than anyone believes. I don't think we'll make it to 2024 without a major crash... I mean, Great Depression style. Like, Weimar republic level inflation, even if they introduce a digital currency in time.
I wouldn't buy stocks or land right now considering that there's already becoming a bit of a real-estate crash. The Commercial Real Estate crash is already happening, a residential one would kill everything.
Imma keep stacking my silver.
your 10k gold pieces weighs more than a horse can carry, how do you get it out of the dungeon?
With 10k gold pieces you just buy the dungeon. The running median house price over the history of the US is about 100 gold ounces..
The npr article is a little sensationally crafted, but I got the name Federal Deposit Insurance Corporation from it. I don't know enough history to parse the wikipedia page for them, but the language in some sections to excuse some of the bad stuff is extremely telling when there's no jargon to hide behind.
I imagine this FDIC is one of those groups where you either become a member or your business gets shuttered for breaking the law.
I'm struck by what their implicit function seems to be: to do whatever it takes to prevent "bank runs". They could do a lot of meddling under that banner.
Troubling. I thought maybe the federal reserve was a primary roadblock, but if there's one crutch organization there's probably several.
Socialism relies on this idea of experts spending your money for you because you can't be trusted to spend it properly yourself, that's why your money has to be spent. And yes, that means teaching the society to shut up, sit down, and trust the banks.
It gets me thinking about how an optimal reversal might function, but then I keep thinking about how kickstarter doesn't even function optimally. I feel like governance systems are gonna trend towards kickstarter packages; you get the choice of yes/no to invest in the package, with no choice over what that package contains. I can't go invest in a kickstarter project and offer a thousand dollar bonus if a specific design element or production member is changed. If a commercial service can't even handle informed individual investment to the degree that we replace corporatism with crowdfunding, what hope is there for government?
With 10k gold pieces you just buy the dungeon. The running median house price over the history of the US is about 100 gold ounces..
It's kind of ignoring the solution to the logistics problem (even if you were content with treating the dungeon as a vault, you'd need to secure it somehow after bypassing all its securities), but it's still an interesting answer. I don't know how land ownership works in dnd because the economy is so screwed up (partially logical because magic distorts normal values of labor, but also a lot of lazy handwaving and powercreep design). Even taking it by the historical reference of medieval europe, I wouldn't know the exact procedure, just that it might require nobility status and that you might be able to purchase such status.
Actually, that'd be a good plot twist, making a dungeon full of riches be some other adventurer's vault. Finding out after looting it when he's coming to either deal with intruders or take back his treasure.
I'm struck by what their implicit function seems to be: to do whatever it takes to prevent "bank runs". They could do a lot of meddling under that banner.
Troubling. I thought maybe the federal reserve was a primary roadblock, but if there's one crutch organization there's probably several.
It's called a Cathedral for a reason. Mutually supporting structures. And yeah, the FDIC has a lot of lee-way to try and preserve the financial system, everything does. Bureaucracies, politics, and the law bend over backwards to protect the monetary system, because it is the critical point of soft-power.
If a commercial service can't even handle informed individual investment to the degree that we replace corporatism with crowdfunding, what hope is there for government?
This is what republicanism is for. Yeah, sure, anachro-capitalist utopia and all that, but in reality all anarchistic systems will tend to collapse. However, if you set several different tiers of government against themselves, and make them perpetually compete against each other, while forcing higher tiers to derive power from lesser tiers, you can get a stable system from the perpetual coopetition. It's not individualism, but it's a stable approximation.
Why not democracy? Have a democratic voting procedure for every bit of legislation; give towns the opportunity to self-destruct. I don't think media's too big of a danger against it, people that really care will know to do more research than checking the news broadcast - people that don't care will make bad decisions regardless of being manipulated.
In fact, I think the bad decisions getting passed could be a great motivator for everyone to stop fucking around and get serious about legislation. As it stands, no one really has to take responsibility, they can blame the implementation/interpretation of their elected (and unelected) officials.
make them perpetually compete against each other
How is this possible for a government system? I know how it'd work in normal free market business (remove red tape to allow competition to arise), but I don't think that would apply for a government.
Do you have more information about this? It sounds extreme. Is there a particular government agency responsible for such actions?
Yeah, that's the key point about Keynesian economics I picked up from those videos you sent me on reddit. It has some far-reaching consequences that I might not be grasping, but it's not hard to understand why it's fucked on its own.
It reminds me of some class struggle arguments. I try to stay away from them because they aren't convincing, but Keynesian economics really gives the impression that it's being used to oppress the lower class. The useful takeaway from the argument is that the system punishes people that rely on common sense; people that understand saving money slowly should let them buy a house outright. Another step further and you see that it's a system that punishes a lack of reliance on the system, which must have been very attractive for power-wielders to adopt.
Further, I could suggest that this state-encouraged abandonment of common sense may have played a part in our current social justice predicament. Too many people trying to go with the flow, too many people not trying to question the world they live in. Kind of a perfect setup for this kind of attack.
Hm. I'd been using credit unions for a long time, but never really noticed. I just went to them because they were the only banks I could regularly find that wouldn't try to bull the bullshit with overdrafts on debit cards after me telling the bank specifically that I wanted my transactions declined if I was going over balance. I've been hearing them mentioned positively for months online now, possibly a good sign.
If I had 5 digits of cash to invest, I'd probably look at foreclosed real estate before something ethical like the credit union special account. Real estate is retardedly easy money with a little luck and a big downpayment. We deserve another crash - a person should not be able to flip a house for such a huge profit. I'm not engaging in it, but I would sooner than playing with the stock market.
I do, often, for worldbuilding exercises. My understanding is that a lot of our inventions are born out of laziness - you make a tool for a job so now the job is easier and faster forever. In a way, it explains modern man's worship of convenience above all else lost; it's just a slight distortion of being motivated by laziness. If you went back in time to sell gameboys or calculators, you'd probably get a lot of excited buyers (the plot thread of getting chased out by the church is boring), but I'd honestly expect a decent percentage of the populace would refuse because they enjoyed their simple lifestyles. I could not expect the same of our current time being sold toys/tech from the future.
So I start with a setting that hasn't reached the modernization that sickens me, and try to find what developments/inventions are actually necessary and what could have alternate solutions. I can be obsessive about trying to understand things, so it's a convenient outlet.
But yeah, simple logistics problems that a dnd player might be confronted with: your 10k gold pieces weighs more than a horse can carry, how do you get it out of the dungeon? Despite the existence of supernatural stuff in most of these fictional worlds, I've found a lot of accurate reflections.
I was able to find an old NPR Article from the Great Recession. The feds don't talk about this kind of thing because they are absolutely fucking terrified (for good reason) of a run on the banks.
(I can't believe this was more than 10 years ago. I remember listening to it like it was yesterday)
Keynsianism is basically socialist economics, so it shouldn't surprise you that socialism is senseless. The socialists just don't want to accept that it's socialist in nature. The fundamental idea is that saving money and deflation is bad. Money not being spent, is money not being invested into the economy. Deflation in price can cause large businesses to fail because they can't respond to price shocks. And remember, saving money is bad, so those large businesses saving money is also bad.
Hence, the result is that the banking and financial system are absolutely filled to the brim with "malinvestment". There's no consequences to being wrong because everyone is protected from anything... unless you bought GameStop...
Socialism relies on this idea of experts spending your money for you because you can't be trusted to spend it properly yourself, that's why your money has to be spent. And yes, that means teaching the society to shut up, sit down, and trust the banks.
They can be hit or miss. I've run into a few bad credit unions before, but that might just be my shitty area.
Oh, don't worry, that crash is coming sooner than anyone believes. I don't think we'll make it to 2024 without a major crash... I mean, Great Depression style. Like, Weimar republic level inflation, even if they introduce a digital currency in time.
I wouldn't buy stocks or land right now considering that there's already becoming a bit of a real-estate crash. The Commercial Real Estate crash is already happening, a residential one would kill everything.
Imma keep stacking my silver.
With 10k gold pieces you just buy the dungeon. The running median house price over the history of the US is about 100 gold ounces..
The npr article is a little sensationally crafted, but I got the name Federal Deposit Insurance Corporation from it. I don't know enough history to parse the wikipedia page for them, but the language in some sections to excuse some of the bad stuff is extremely telling when there's no jargon to hide behind.
I imagine this FDIC is one of those groups where you either become a member or your business gets shuttered for breaking the law.
I'm struck by what their implicit function seems to be: to do whatever it takes to prevent "bank runs". They could do a lot of meddling under that banner.
Troubling. I thought maybe the federal reserve was a primary roadblock, but if there's one crutch organization there's probably several.
It gets me thinking about how an optimal reversal might function, but then I keep thinking about how kickstarter doesn't even function optimally. I feel like governance systems are gonna trend towards kickstarter packages; you get the choice of yes/no to invest in the package, with no choice over what that package contains. I can't go invest in a kickstarter project and offer a thousand dollar bonus if a specific design element or production member is changed. If a commercial service can't even handle informed individual investment to the degree that we replace corporatism with crowdfunding, what hope is there for government?
It's kind of ignoring the solution to the logistics problem (even if you were content with treating the dungeon as a vault, you'd need to secure it somehow after bypassing all its securities), but it's still an interesting answer. I don't know how land ownership works in dnd because the economy is so screwed up (partially logical because magic distorts normal values of labor, but also a lot of lazy handwaving and powercreep design). Even taking it by the historical reference of medieval europe, I wouldn't know the exact procedure, just that it might require nobility status and that you might be able to purchase such status.
Actually, that'd be a good plot twist, making a dungeon full of riches be some other adventurer's vault. Finding out after looting it when he's coming to either deal with intruders or take back his treasure.
It's called a Cathedral for a reason. Mutually supporting structures. And yeah, the FDIC has a lot of lee-way to try and preserve the financial system, everything does. Bureaucracies, politics, and the law bend over backwards to protect the monetary system, because it is the critical point of soft-power.
This is what republicanism is for. Yeah, sure, anachro-capitalist utopia and all that, but in reality all anarchistic systems will tend to collapse. However, if you set several different tiers of government against themselves, and make them perpetually compete against each other, while forcing higher tiers to derive power from lesser tiers, you can get a stable system from the perpetual coopetition. It's not individualism, but it's a stable approximation.
Why not democracy? Have a democratic voting procedure for every bit of legislation; give towns the opportunity to self-destruct. I don't think media's too big of a danger against it, people that really care will know to do more research than checking the news broadcast - people that don't care will make bad decisions regardless of being manipulated.
In fact, I think the bad decisions getting passed could be a great motivator for everyone to stop fucking around and get serious about legislation. As it stands, no one really has to take responsibility, they can blame the implementation/interpretation of their elected (and unelected) officials.
How is this possible for a government system? I know how it'd work in normal free market business (remove red tape to allow competition to arise), but I don't think that would apply for a government.