Message from @Jack Mehoff
Discord ID: 629831455719292948
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 should be higher
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
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.
The patriarchy won't save things.
It might help, though. You're right on that.
The risk is that there are too many men who wouldn't even know how to be a proper patriarch.
Since, really, a patriarch is a CEO.
@Jack Mehoff stye is such a pain .
Warm wet washcloths on eye all weekend to get it to open up
@Xychotic yes, a patriarch of a family has to have the final say.
Like the ceo, like a ships captain.
Our laws and western culture just does not support that anymore
No, it really doesn't.
Without that authority, no one should have that responsibility.
Can you imagine being the captain of a US Navy ship and being told, “ you have no actual authority over your sailors, but you shall be held accountable for all their actions and decisions.”
Time to enjoy that sweet pension
Stop touching my pianus
Yes, I can imagine that.