Message from @Jack Mehoff

Discord ID: 629830813986455562


2019-10-04 23:52:19 UTC  

Maybe not in Europe.

2019-10-04 23:52:24 UTC  

But it's still very good in America.

2019-10-04 23:52:27 UTC  

The successful are targeted insofar as the better you do, the more you must pay

2019-10-04 23:52:43 UTC  

Yes, that's a...I forgot what it's called... progressive tax system.

2019-10-04 23:52:55 UTC  

But you don't pay a net increase percentage.

2019-10-04 23:53:07 UTC  

Accordingly, interest rates, much like prices, have lost the discovery mechanism

2019-10-04 23:53:34 UTC  

Well, you do pay a net increased percentage, but not directly in line with the stated tax percentage.

2019-10-04 23:53:47 UTC  

There are organizations that intervene if they see markets trending in certain directions

2019-10-04 23:54:27 UTC  

What money you do save loses value over time

2019-10-04 23:55:01 UTC  

And the rates, unless you take some large risks are not commensurate with the rise in prices

2019-10-04 23:56:02 UTC  

Housing for example should be way down, but restrictions on building and interventions in the housing market on the back end buoy prices up

2019-10-04 23:57:07 UTC  

There are organizations that intervene? Aside from leftists, what organizations?

2019-10-04 23:57:22 UTC  

Money does lose value over time, that is why you should be investing.

2019-10-04 23:58:09 UTC  

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).

2019-10-04 23:58:34 UTC  

Housing is a funny one. You're right about legal inflation, but there's also matters of location, location, location.

2019-10-05 00:01:16 UTC  

Federal reserve and other Central banks

2019-10-05 00:01:30 UTC  

Plunge Protection Team

2019-10-05 00:01:55 UTC  

Yes, because that would cause too much damage.

2019-10-05 00:02:01 UTC  

That's not a bad thing, per se.

2019-10-05 00:02:38 UTC  

For those not savvy enough for stocks, I argue that interest rates do not show the true state of the market

2019-10-05 00:02:47 UTC  

They should be higher

2019-10-05 00:02:51 UTC  

They definitely do not.

2019-10-05 00:03:16 UTC  

Interest rates, these days, are not at all representative of the market.

2019-10-05 00:03:34 UTC  

They are lever to be pulled to, hopefully, induce a desired change.

2019-10-05 00:03:34 UTC  

Cocky bitches get so offended when they try to be authoritative and you find it really funny so you chuckle in amusement

2019-10-05 00:03:42 UTC  

😂

2019-10-05 00:03:55 UTC  

@Xychotic. They are trying to goose spending by keeping it low

2019-10-05 00:04:23 UTC  

goose? did you mean boost?

2019-10-05 00:04:36 UTC  

The speed of transactions is too slow to keep things going so they are playing around with other parts of the monetary system

2019-10-05 00:04:39 UTC  

Or is goose the word used in a different way than I'm familiar?

2019-10-05 00:04:47 UTC  

Boost

2019-10-05 00:05:08 UTC  

Problem is though, the consumer is tapped out

2019-10-05 00:05:20 UTC  

Millenials, the next big block are in debt

2019-10-05 00:05:52 UTC  

Boomers are retiring and are at a point where they will be taking money out and not adding it into the system

2019-10-05 00:06:32 UTC  

Everyone is fighting for a bigger portion of a shrinking pie.

2019-10-05 00:06:59 UTC  

With the family destroyed, household formation and child rearing is low

2019-10-05 00:07:22 UTC  

Big ticket purchases are being done later in life than is traditionally expected

2019-10-05 00:07:48 UTC  

I agree with you on much of this.

2019-10-05 00:11:01 UTC  

Bring back patriarchy and it will help things

2019-10-05 00:12:06 UTC  

Damnit I developed a stye

2019-10-05 00:18:44 UTC  

fuckin' hate those.