sp3ctr4l

Do the humane thing and just abort them in the womb with an adblocker.

If you are using some app where that isn’t possible, stop using it.

So, its now around a day or two later.

https://www.theguardian.com/business/2025/apr/09/dramatic-sell-off-of-us-government-bonds-as-tariff-war-panic-deepens

I was right, Varoufakis is wrong.

Again, Varoufakis idea is:

Central to this new global order would be a cheaper dollar that remains the world’s reserve currency — this would lower US long-term borrowing rates even more. Can Trump have his cake (a hegemonic dollar and low-yielding US Treasuries) and eat it (a depreciated dollar)?

and

Consequently, the euro, the yen and the renminbi will soften relative to the dollar. This will cancel out the price hikes of goods imported into the US, and leave the prices American consumers pay unaffected. The tariffed countries will be in effect paying for Trump’s tariffs.

Summarized, he thinks that:

US Bond prices will go up

and/or

US Bond yields will go down

and

The USD will appreciate compared to the Yen, Euro, Renminbi, that is to say, a dollar will be worth more yen, euro, ren.

What is actually happening is:

US Bond prices are going down.

US Bond yields are going up.

https://www.google.com/finance/quote/USD-JPY?window=1M

https://www.google.com/finance/quote/USD-EUR?window=1M

USD is depreciating, not appreciating, compared to yen and euro.

The USD/CNY is exchange rate is set at a fixed rate by China, and they haven’t moved it yet.

So uh, no Mr. Varoufakis, Trump cannot have his cake and eat it too, infact he shit in the cake and then threw the mixture all around the room, now he gets nothing that he wanted.

Trump has destroyed the Bretton Woods USD hegemony, but in a way that is utterly catastrophic for the US, not some extremely clever 12D chess move.

All these fucking idiots spent at least 4 years scouring the globe to find the world’s best shit sandwich chefs, to source premium, wagyu quality bullshit from the finest international suppliers…

And now they don’t enjoy eating the sandwich.

Gulp it down fuckos, yum yum yum, you wanted this.

I’ll also throw Aiden Ross into this group. Actual sub room temp IQ idiot zoomer streamer, MAGA cultist/propigandist, who rose to fame by quite literally sniffing Andrew Tate’s farts …

(I am not joking, he did a video with Tate where at one point Tate gets up from his chair and leaves the shot, Aiden sneakily gets up and huffs the seat of the chair)

… yeah this dumb fuck had a stream in the last 24 hrs where he said he has taken an 8 figure loss on presumably his stocks and crypto from this Trump crash.

That is at least 10 million dollars, bare minimum.

For what its worth, CyberPunk 2077 is … an alt history that diverges from our own … at some point in the 1960s I think?

Like… the Soviet Union still exists. In 2077.

Point being: The ‘Japanese megacorps taking over much of the American economy’ fear of our own 1980s is very, very much a big part of the lore/universe.

Pondsmith published the first version of the lore in 1988 as the TTRPG ‘Cyberpunk’, originally set in 2013, and this kept getting added to and expanded with subsequent editions.

Arasaka is… well hopefully without spoiling too much, Arasaka corp is basically run by a Japanese fighter pilot ace who pretty much swore eternal vengeance on America after Japan got nuked and lost the war, and his idea of how to do this includes figuring out how to become immortal, so that he can continue to run a megacorp that ultimately usurps American sovereignty and turns the country into his neo-corpo-feudal subjects.

You can get almost all of that by playing through the Corpo intro character path and actually watching the informative slideshow thing in the elevator and on walls/screens in the … megalobby, so hopefully thats not too spoilery.

Also in Die Hard it is Nakatomi Plaza iirc, Nakatomi being the name of the fictional Japanese corp.

Anyway woo random trivia.

I regularly encounter, and have for the last at least 5 years have encountered, many, many people, who use the term … whatever stupid number of D Chess move phrase… to genuienly, earnestly describe something they think actually is an extremely intelligent strategy.

… Especially when it comes to large scale economic/political/business strategy.

Yes, a lot of people also use the term sarcastically as well.

… Which is why I asked you to clarify what you mean.

You then replied with further explanation.

You could have just said you were joking at that point, but you did not.

… Now that I have taken your explanation at face value, now you just say you are joking.

Thanks for wasting my time with a schrodingers shit post.

Ah.

I am American.

I live in hell.

We have a much broader problem of corrupt grifters in… basically everything, at every level of society.

=[

Sorry for doing the American thing and assuming you are also American.

I mean… I may be wrong about this, but I think its just a gigantic pile of cash.

Its a revenue budget surplus, not like a … state version of a soverign wealth fund.

Can’t be legally ‘invested’ in anything. It’s just locked in as giant pile of cash, with no interest rate, no ability to invest it in one thing or another. Only either do nothing, or spend it on government costs.

You are basically saying ‘spend all the money now, because prices will be much higher later’.

But uh… if they just… you know…didn’t wipe out a progressive income tax source of funds… that is you know, ongoing, a flow, not a static total…

The state would yes, still have to cope with rising general costs… but this would be augmented by that flow of rising amounts of tax revenue.

If your scenario is agnostic massive inflation, that the dollar goes down in value generally, then it would be much better to keep the flow going, as that will be balanced on both the spending and revenue side by whatever the inflation is.

The inflation would increase both state budget costs and state budget revenues from taxes, as both incomes and sales prices would rise, thus so would income and sales tax revenue.

And then in that scenario, yes, still use the static pool of reserve cash to shore up irregularities in that flow, maybe to help subsizide at a state level some of the rising consumer price burden, or maybe sure, spend it all at once to try to build some kind of massive infrastructure project that generally supports economic activity, or start giving it out as small business grants, or start a state backed entity to provide some kind of locally sourceable vital staple consumer good.

But you can do all that without massively destabilzing your state budget flows by cutting out the income tax revenues.

It is not a 5D move to stop inhaling a third of the oxygen you normally breathe before you use your reserve of calories from eating breakfast to fuel you to go run a mile.

You could… just use those deposited breakfast calories to run a mile… and keep breathing normally the whole time. That’ll probably result in a better mile time.

No problem!

But uh… I dunno exactly what your masters in the medical field is, but the medical field is also absolutely chalk full of people with sometimes real, legit degrees and sometimes absolute bullshit ones like chiropracty and naturopathy…

Who routinely publish pop-medical books oriented toward the general public, using their official credentials for clout, often promoting dubious or utterly false and dangerous misinformation.

Yout field is not immune… though yes, there generally is a better unified official condemnation… but only after a certain person has reached a certain level of popularity/infamy, and the seeds of nonsense have already been sewn.

Then the official condemnation is seen as censoring heroic truth warriors and the conspiracy theories abound.

Yep.

He just assumes he has god mode on and whatever he says will happen the way he says it will.

Megalomaniacal psycopathic narcissist.

Dark triad shit.

A pampered life of being born into money, never being told no, raping whoever he wants, scamming whoever he wants, … never any consequences.

I’ve very recently also seen this.

Basically uh, yeah, that tracks, that seems completely inline with the rest of how completely ridiculous this all is.

So… why haven’t the books been withdrawn?

Because academia, academics, … they regulate and peer review Journals. Published papers. Textbooks used in classes.

Not books designed for popular consumption, pop-econ, pop-psych, pop-whatever.

Why hasn’t he been rejected by the Econ community?

Ironically, because of the nature of the incentive structure of the field of Econ.

Way, waaay too much overlap with politics and business, so its basically split into psuedo religious ideological camps, who often realize they can make way more money or have may more power by working for a hedge fund or being some kind of propogandist.

So… in that sense… the academic Econ community rarely is even capable of coming out as a unified body of academics and rejecting someone. There are too many different ideological camps, they’re all arguing with each other all the time.

There is no broad consenus view as there is with say all climate scientists saying climate change is real, all biologists and archaeologists and geologists saying evolution is real and the earth is 4.5b years old.

But with Navvaro… he apparently hasn’t done much or any really groundbreaking research, spent about two or three decades teaching, and during that time he realized he could make way more money selling pop-econ books to people who want to be able to argue about Econ to support their ideology without actually learning Econ.

You know, pretentious blowhards.

Anyway he also went to jail for Contempt of Congress for lying to the Jan 6th committee.

He is an absolute hack fraud at this point.

So there, me with a BSc. in Econ, I’m calling him out rofl.

Yeah, asterisk to indicate multiplication is much, much more common amongst coders.

… And script kiddie DOGE interns.

Sorry, I only inhabit 3 dimensions and change through time, can you explain this 5D logic to me?

I am not a degenerate memestock/crypto gambler so I didn’t follow any of this…

https://www.forbes.com/sites/qai/2022/08/18/why-do-stocks-get-halted-bbby-stock-is-a-modern-example/

But yes, apparently this did actually happen, circuit breakers got triggered on BBBY when Cohen did some fuckery a few years back.

But on this blessed day… we are all meme stocks.

praise be to the godking and his delicate, small, guiding hands

Britain always had bad news about the EU in the newspapers. Their population was never fully committed so it was possible to create a majority against the membership.

Cool, Brexit was still a disaster.

Likewise US companies will regularly discuss what they will do when China is going to overtake them. That moment has come. I don’t believe in the coincidence that the US is doing its biggest blunder at the most crucial time of their history.

Overtake is a gradual, predictable process.

Suddenly putting roughly 30% tariffs on the entire world in a very sudden and chaotic matter is not even in the same galaxy as US corporations making business plans based on predictable market trends.

We are making a blunder because we became decadent, entitled, and privileged, and aggreived and then fell under the allure of an incompetent fascist, who, again, is a fucking moron at policy.

Of course, the strategy can be that half the workers are fired, but with the expectation that they are hired by somebody else.

… What? If everyone is firing, no one is hiring.

This is called a recession or depression.

Lose your higher paying job and maybe replace it with a shitty part time job.

Net result is everyone is poorer.

… If you wanted to kickstart making new manufacturing jobs in the US, well you’d need actual money to build the factories.

If the entire economy crashes, no one, no companies, have money to invest in new capital expenditures. Foreign investment won’t come because exporting out of the US will be a shitty prospect due to retaliatory tariffs, and the general lack of a skilled manufacturing labor force in the US.

There would have had to have been some kind of accompanying domestic fiscal policy to throw government money, subsidies, tax breaks, whatever to kickstart domestic manufacturing… before you throw the tariffs on.

But Trump is an idiot and is ideollgically opposed to the government spending money on seemingly anything other than bitcoin and explosively liquifying brown people in ‘shithole’ countries (his words).

LOL .world mods strike again!

No joking about effectively resisting fascists allowed!

When politicians murder via proxy, via systems, its totally fine and just the news.

When people joke about violence aimed back at them?

DAS IST VERBOTTEN!

Go fuck yourselves.

This article has been posted by me several times. You are only the second person who notices.

Probably because I am one of the few people on lemmy that actually has a degree in Economics.

EDIT

Removed by mod

Alternate solution: Live in a studio apartment lol?

Yeah, you’re on top of this and know your shit.

I just originally wanted to point out that there are generally workable solutions in case you had no idea… but yeah, you know your shit, and with games that need both super low latency on input registry and display output… yep, basicslly you still gotta go wired.

… Maybe get swoll, or put your existing PC on some kind of wheeled base, set a cable management situation with the living room TV and your room monitors and controller for just… moving the PC around?

Yeah I can’t think of much more than that -.-

Ofc building a second machine is also a reasonable solution if that fits your preferences/budget situation.

Varoufakis is wrong.

Central to this new global order (Trump’s plan) would be a cheaper dollar that remains the world’s reserve currency — this would lower US long-term borrowing rates even more.

What Trump is doing will result in a cheaper dollar.

It was also destroy the USD as the world’s reserve currency.

Yep. Im a US citizen, we are so beyond fucked it is actually funny, at least a third of the population are in a hardcore fascist cult of personality, our media is dominated by idiots gargling the balls of even more powerful and even more stupid idiots.

If anyone wants to do a sham marriage, I’d love to be able to leave.

I got basically crippled in an assault and now live off of SSDI. If Soc Security gets gutted further… I’m fucked, on the streets homeless, in a wheelchair.