Where is the next Smedley Butler when we need him? The guy was a true hero.
Where is the next Smedley Butler when we need him? The guy was a true hero.
I’m the same way. I take like a quarter hit and I’m alright. The whole puff? Gone for hours.
I think what they’re getting at is not every person on the Internet lives in the United States.
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I think what will DEFINITELY help is all the immature passive aggression, like this post, that manifests when anyone dares to suggest they might have an issue they need to fix.
/s, in case that wasn’t clear
I was coming to post the same. Those fucking clickers were so stupid and overpriced, all so my biochem professor could poll the class AND grade everyone on their results. Results to questions about material that was JUST taught in the same lesson. Good thing everyone benefits equally from lecture, right? Fuck that guy.
That’s pretty much what they did anyhow, just with way more steps.
Have you installed it on an NES yet? Because that kinda happened: https://www.tomshardware.com/software/linux/you-can-sort-of-run-linux-on-an-nes-demo-shows-a-unix-like-os-running-completely-on-the-nes
“Fiscal conservative” was always just a reputable seeming veneer for “we’d rather let poor people die than tax the wealthy at the same rate as everyone else”.
Holy shit. I get it! That’s a great explanation and I really appreciate your taking the time to type it all out. I’m glad we don’t have Lemmy medallions to award but, if we did, I’d give you one. I now see how a 100% reserve requirement, i.e., all deposits completely backed in cash, would entirely change banking.
The only thing that feels weird to me is the virtual money the bank creates doesn’t seem go away once it’s paid back. For example, if a mini bank only had $1000 and lent $900 with a 10% reserve, they’d end up with $1900 once the loan is repaid (ignoring interest). Or does the $900 they lent create a -$900 for the bank that is cancelled through repayment?
I’ve been thinking about it and it still doesn’t make sense. I’m a scientist, not an economist, so it’s wildly out of my wheelhouse. Would you mind pointing me in the right direction?
Here’s where I’m hung up. Let’s assume a 10% fractional reserve and, for the sake of simplicity, just one bank and a dramatically simplified deposit/loan scenario, just to minimize the number of hypothetical people and transactions.
Person A deposits $1000. Bank lends $900 to person A which is sent to Person B.
Person B deposits $900. Bank lends $810 to person B which is sent to Person C.
Person C deposits $810. Bank lends $729 to person C which is sent to Person D.
Person D deposits $729. Bank lends $656 to person D which is sent to Person E.
Let’s stop there. So we have one initial deposit of $1000, which has resulted in an additional $2,493 in deposits ($3,493 in total) and $3,095 in loans. The bank is now receiving payments, plus interest, on over 3x the amount of actual money it was actually given. To me, it seems like the bank is figuratively “printing money” and gaining interest on it. Nothing I’ve read on fractional reserve lending has suggested this is incorrect.
Halp!
I learned to pick locks in my youth. I absolutely have picked my way into places and things to fuck with friends and family, but I always tell them. At some point.
One of my favorites was getting into my friend’s garden shed and turning everything upside down, then a few weeks later rearranging everything so it was a mirror image of how it was previously.
I’m always surprised how few people know about this. The banks are literally gaining interest on money they never had. It should be illegal.
Same! I was wondering why it made me so uncomfortable and I think I figured it out. It reminded me of the kind of things my friends and I would do to play when we were little kids, but it was done - ostensibly - by adults for adults and with high production value.
Holy hell that’s terrible. I only got about a minute in before I had to stop it.
I’m sorry, but yes. She couldn’t resist my encyclopedic knowledge of self-hosted streaming options.
All spouses can be taught to use Plex or Jellyfin. It just takes the right approach and some determination. Mine is now sailing the high seas with the finest of us.
Does it look purple to you too?
Little Grandpa story time:
Ponies are generally nicer than horses, but I was raised believing ponies were angry, vicious little assholes. My father was bucked off of a pony in his twenties, causing him to break a rib and paralyze half of his diaphragm. Being the actual asshole in this story, he never stopped to think that maybe he was too heavy and too drunk for a pony, so he spread pony hate throughout his life. I want angry ponies as I dislike my father and on a primal level think they’d keep me safe from people like him, like two pissy, grass eating charms to protect against narcissists.
Yes, incels and just angry, bitter people everywhere! For a good time, go to a relationship sub and ask for basic relationship advice for an easily solved problem, like how to communicate to your boyfriend that you don’t want to have sex, and watch your post go down in flames.