wesapien · HackerTrans

w zeszłym miesiącudiscuss

I agree. It's a finance capitalism issue. The people who build data centers get free reign on the use energy, land, water and the atmosphere while everyone will bear the cost. Its another upward transfer of wealth. Another wealth pump as Peter Turchin describes it. This could end whatever democratic process is left. The West will be just like China but worse. Slower trains and more violent. At least in China, Political power is in control of capital.

wesapien

2 miesiące temudiscuss

If only other countries just gave away their sovereignty then we wouldn't have to preemptively take away their sovereignty because if we don't then they will do it to us. If we don't instigate war then it will come to us and our stocks won't go up and contracts dry up.

wesapien

3 miesiące temudiscuss

One of the problems with the data center boom is its use of fresh water. How does geo-thermal plants use water and how much?

wesapien

5 miesięcy temudiscuss

The cover story for tarrifs was re-Industrialization. The facts are that they are used more as another rent seeking maneuver, a street rat style protection racket or a means to coerce. Sell the theory but do something else.

wesapien

6 miesięcy temudiscuss

It's an admission that the decades of preference falsification and praise of the emperors clothes is not worthy anymore. Carney hints that the same pressures that kept the dysfunctional Soviet system is similar to the same pressures that keep the dysfunction of capitalism, Neo-liberalism (religion) as well as Neo-classical economics (theology).

wesapien

6 miesięcy temudiscuss

Most think that the cracks in the financial system started to appear after 2008 (global financial crisis) and become truly visible after the financial system was weaponized through the seizures of Russian central bank USD reserves. It setup a precedent that it happened once it could happen again to some other country.

Cheers to you for mentioning Triffin's dilemma. In my opinion, the dilemma is in the ability of the host country to be able to make "good use" of the exorbitant privilege. The financial system was not only used against other states but against its own people. Instead of developing the country and building equity through the middle class, it cannibalized its own.

wesapien

6 miesięcy temudiscuss

Blackrock released a document you can download that outlines their 2026 outlook. A key point there was: "We go underweight long-term US Treasuries." A sign of bearishness on USD due to fiscal policy.

https://www.blackrock.com/corporate/insights/blackrock-inves...

wesapien

6 miesięcy temudiscuss

I was there 2 years ago. I went inside one of the multi storey gaming places in Akihabara. The old school (90's and older) era games are a small section in one floor when there is 6 storeys of gaming.

wesapien

11 miesięcy temudiscuss

Late Stage Capitalism. The real paper clip maximizers are the Silicon Valley and Wallstreet bros we met along the way.

wesapien

w zeszłym rokudiscuss

It's ridiculous. Who made their now so called adversary? Who shifted production to them?

wesapien

3 lata temudiscuss

Some subs can't have images or ban memes. It's the fault of mods if content is LQ. The tools are there. Some subs won't let you post if you're account is new or you have low karma. What Reddit should've done is delete the free karma or karma farming subs.

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