Message from @Jack Mehoff
Discord ID: 629830813986455562
Maybe not in Europe.
But it's still very good in America.
The successful are targeted insofar as the better you do, the more you must pay
Yes, that's a...I forgot what it's called... progressive tax system.
But you don't pay a net increase percentage.
Accordingly, interest rates, much like prices, have lost the discovery mechanism
Well, you do pay a net increased percentage, but not directly in line with the stated tax percentage.
There are organizations that intervene if they see markets trending in certain directions
What money you do save loses value over time
And the rates, unless you take some large risks are not commensurate with the rise in prices
Housing for example should be way down, but restrictions on building and interventions in the housing market on the back end buoy prices up
There are organizations that intervene? Aside from leftists, what organizations?
Money does lose value over time, that is why you should be investing.
That's why there's multiple strategies to managing money and one of them is to spend it as fast as you earn it (typical of poverty and hyperinflation).
Housing is a funny one. You're right about legal inflation, but there's also matters of location, location, location.
Federal reserve and other Central banks
Plunge Protection Team
Yes, because that would cause too much damage.
That's not a bad thing, per se.
For those not savvy enough for stocks, I argue that interest rates do not show the true state of the market
They definitely do not.
Interest rates, these days, are not at all representative of the market.
They are lever to be pulled to, hopefully, induce a desired change.
Cocky bitches get so offended when they try to be authoritative and you find it really funny so you chuckle in amusement
😂
@Xychotic. They are trying to goose spending by keeping it low
goose? did you mean boost?
The speed of transactions is too slow to keep things going so they are playing around with other parts of the monetary system
Or is goose the word used in a different way than I'm familiar?
Boost
Problem is though, the consumer is tapped out
Millenials, the next big block are in debt
Boomers are retiring and are at a point where they will be taking money out and not adding it into the system
Everyone is fighting for a bigger portion of a shrinking pie.
With the family destroyed, household formation and child rearing is low
Big ticket purchases are being done later in life than is traditionally expected
I agree with you on much of this.
Bring back patriarchy and it will help things
Damnit I developed a stye
fuckin' hate those.