dot-com bubble
American Economics Thread
- Thread starter Bernard
- Start date
Imagine if this practice was being done in China? The usual lemmings and analysis will always be about the "evils of communism" and how it always resort to lying. But when it comes to Democratic countries like the U.S. oh it's being done to protect the public's sensibilities and to ensure public confidence and safety. No one even dares to question that maybe, just maybe the current political governing system in America is out of whack and needs to be corrected. The lemmings and the crazy freedom nutjobs along with the faux lefties argue cosmetic changes that's it. But what the heck are the difference if a country that's under Communism does the very same thing?
At least in America we have FREEDUMB!!
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Lmao turning America into a tinpot military state.
Prepare to see soldiers manning the cashier stations at your local Walmart and Target.
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The fact that the USA national guard didn’t rebel in amass from this crisis at being forced into working a job that really no government should force them into. If the US government fails to fix this crisis soon, the government quite frankly deserves to face a revolution in a similar manner as the French Revolution that has the potential to wipe the entire leadership clean since it is too clear right now that Biden is sleeping on the job
Have a look when you have time to spend
A major class struggle took place in USA from 1870 until I can say 1950, ended by McCarthy's and Hoover's purge. Many times the US national guard attacked and killed hundreds of protesting and striking people, siding to the capitalists and slave owners. The only serious political movement appeared in the US ever again were the Panthers. America needs to rev it up
Saving this, this is spot on and I'll comment when I can think more of it.
@9dashline
The point about EROI declining is absolutely true. Gas prices are skyrocketing with a near 50% increase since December 2020.
Since the economy did not grow much, it is not due to economic growth. gasoline is sourced domestically, so it is not an exchange rate effect either. It is a loss of purchasing ability. But it's not just gasoline. Diesel typically tracks gasoline and is a bit higher.
Loss of ability to purchase gasoline is a massive shock to the economy which relies on gasoline/diesel for logistics which imposes a higher cost on every economic activity. Most people get to work by driving with no ability to take transit; this straight up imposes a decline in their purchasing ability on them. Meanwhile, higher costs for logistics are passed onto retail which is passed onto customers, a double attack on their purchasing ability.
If it was 'merely' gasoline it would still be really bad. But natural gas prices are skyrocketing too.
So basically lower EROI increases the 'transaction cost' of essentially everything while reducing consumer purchasing ability at the same time.
But wait. There's more. Politically, going after a product supplier is bad news for the consumer who must endure higher prices either as a result of retaliation or due to switching to less economical suppliers.
What happened with magnesium, for example?
So not only transaction costs are going up, but also product costs.
The end result is low purchasing power combined with new money with nowhere to go except valuation of paper assets.
The point about EROI declining is absolutely true. Gas prices are skyrocketing with a near 50% increase since December 2020.
Since the economy did not grow much, it is not due to economic growth. gasoline is sourced domestically, so it is not an exchange rate effect either. It is a loss of purchasing ability. But it's not just gasoline. Diesel typically tracks gasoline and is a bit higher.
Loss of ability to purchase gasoline is a massive shock to the economy which relies on gasoline/diesel for logistics which imposes a higher cost on every economic activity. Most people get to work by driving with no ability to take transit; this straight up imposes a decline in their purchasing ability on them. Meanwhile, higher costs for logistics are passed onto retail which is passed onto customers, a double attack on their purchasing ability.
If it was 'merely' gasoline it would still be really bad. But natural gas prices are skyrocketing too.
So basically lower EROI increases the 'transaction cost' of essentially everything while reducing consumer purchasing ability at the same time.
But wait. There's more. Politically, going after a product supplier is bad news for the consumer who must endure higher prices either as a result of retaliation or due to switching to less economical suppliers.
What happened with magnesium, for example?
So not only transaction costs are going up, but also product costs.
The end result is low purchasing power combined with new money with nowhere to go except valuation of paper assets.
If wealth goes to paper assets, wouldn't that risk balance sheet recession? What'd happen if there's another recession in near future? Another stimmy?@9dashline
The point about EROI declining is absolutely true. Gas prices are skyrocketing with a near 50% increase since December 2020.
Since the economy did not grow much, it is not due to economic growth. gasoline is sourced domestically, so it is not an exchange rate effect either. It is a loss of purchasing ability. But it's not just gasoline. Diesel typically tracks gasoline and is a bit higher.
Loss of ability to purchase gasoline is a massive shock to the economy which relies on gasoline/diesel for logistics which imposes a higher cost on every economic activity. Most people get to work by driving with no ability to take transit; this straight up imposes a decline in their purchasing ability on them. Meanwhile, higher costs for logistics are passed onto retail which is passed onto customers, a double attack on their purchasing ability.
If it was 'merely' gasoline it would still be really bad. But natural gas prices are skyrocketing too.
So basically lower EROI increases the 'transaction cost' of essentially everything while reducing consumer purchasing ability at the same time.
But wait. There's more. Politically, going after a product supplier is bad news for the consumer who must endure higher prices either as a result of retaliation or due to switching to less economical suppliers.
What happened with magnesium, for example?
So not only transaction costs are going up, but also product costs.
The end result is low purchasing power combined with new money with nowhere to go except valuation of paper assets.