turnip @ turnip @sh.itjust.works

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Joined

5 mo. ago

No, we should have rich students who can afford to live here without food bank usage. Which is what the government stipulated as well, before they began to borrow money to cheat the system.

It didn't really help Europe. I think the pendulum swing left and right over time is from loose money and cheap debt. When rates rise people vote right, then they vote left for unfunded spending, and the cycle continues. But that's just my estimation of what's going on.

You're welcome to vote PPC, who is the only party outside of the conservatives promising to dramatically cut immigration.

It was done as you say to lower wages and to entrench asset values, which according to BoC publications wages naturally rise after QE to restore the inequality created. In the 70s we blamed unions, now we just do mass immigration.

Are the facts wrong?

Did 4% population growth into an existing housing shortage not contribute to a further housing shortage?

CBC the last debate they went after Singh for wanting to drop peoples retirement savings, phrased in that exact way. I'm not sure they are impartial.

Its about their removal of immigration caps. They also allowed foreign students to work in Canada 40 hours a week to lower wage pressure after QE.

I assume because we haven't diversified our exports and are fully dependent on the US.

Even when Germany begged for our natural gas the Liberals decided against it, and the US filled the demand instead.

Now people will move to a place where their data is monetized and their speech is curated.

They fade away after a day regardless.

House prices rise to max out available credit. If that credit vanishes then prices will fall, as people need to save their own money to buy, and they don't benefit from the cantillon effect raising asset values.

House prices are inversely correlated with interest rates, and housing bubbles popup wherever QE is done as a mortgage is a net short position on the purchasing power of cash.

We'll touche, definitely weird to be talking about sending prisoners to El Salvador.

Though these terrorist laws were always going to be abused.

Demographics falling is bad because of inflation targeting. Everyone must consume 2% more this year than they did last year, so the money supply must grow dramatically as demographics age and spending slows.

The mortgage then acts as a gatekeeper in our fiat system, by locking up an inelastic good necessary for survival and procreation behind a paywall that scales with low interest rates, and can only be unlocked by taking on a mortgage and completing the payment obligations.  This ensures that the financial system has a steady stream of obligations that help sustain the flow of currency, every new mortgage is new money supply that benefits existing asset holders.

What we need is to get rid of mortgages. People then need to pay cash or rent, no cheap loans, all loans go toward productivity investment and startups. The government can then build high density rentals near mass transit.

Or just download the Brave browser, hit 'open new tab in Tor'.

That was a large cause of the GFC. I'm just saying its not as if democrats are much better, most aren't Bernie Sanders.

Hayek just hated homeless people?

Have you read any of his books or delved into that side seriously at all, or is this a hunch?

Did the democrats do anything about the housing bubble?

Heres the yays and nays for their voting to deregulate banks:

https://clerk.house.gov/evs/1999/roll570.xml

Thats a good chart, so during recessions and emergencies the spending increases dramatically, then goes back to a normal path progressively upwards.

When did it decrease under the Democrats?

Clinton perhaps, after the USSR folded, I can't recall any other times spending fell.

I am curious given the money supply grows at 10% a year whether spending can fall relative to the past 4 years. It seems mathematically impossible given just the inflation in salaries and goods prices.

I do agree with all of your comment. I am left wondering if this is just the end result of fiat currency debasement, leading to decades of debt accrual, and now higher interest rates due to aging global demographics; a phenomenon most central banks have publications on.

Which is something Ray Dalio talks a lot about, maybe this populism and divide is just a symptom of a larger problem. Germany does do unsustainable immigration to help deal with their aging demographics, which could easily lead to unequal asset price inflation and then nationalism/xenophobia.

Then obviously CBDC and an attempt to perform financial repression, since financializing housing to derive new money supply to grow aggregate demand won't work any more.

There is a lot of unelected entities persuading governments. Germany for instance was going green with solar and wind as their central bank shut down pro carbon funding, yet they imported Russian energy as a backstop as they shut down their nuclear reactors.

That kind of unelected Davos influence can cause permanent harm to a country, as their energy prices are 3 times higher than the US now as they burn lignite, leading to deindustrialization as they try to compete with China in EV. They also want to censor climate misinformation, as they attempt to put in censorship laws.

https://climate.ec.europa.eu/eu-action/climate-disinformation_en

They are also rushing in the CBDC for October, when they created laws telling corporations to track their emissions its pretty clear where that's headed as far as carbon quotas.

https://www.benzinga.com/content/44262523/ecb-president-christine-lagarde-targets-october-to-finish-digital-euro

Definitely don't use open source software like Signal to communicate. Use a trillion dollar corporations promise of privacy like WhatsApp instead.