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https://gazettengr.com/argentinas-president-javier-milei-reduces-ministries-from-18-to-nine-on-first-day-in-office
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Huh he did the thing, that was quick
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Based.
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It actually seems like he's mellowed out pretty quickly since taking office. Also like that he's one of the only leaders in the last 20 years that's admitted things have to get worse before they get better. Unironically have r-slurs on Reddit saying he could spend his way out of it like Obama did in 08' and austerity was the wrong policy in Europe. Because Argentina's 200% inflation is exactly the same situation as the US / Europe at the time they happened to be conscious
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Obama should have spent even more. But the US is a fricking weird anomaly that normal rules of economics don't apply to. When the US Congress peepees around threatening to default on the debt, treasury yields go down because "m-m-muh uncertainty, better buy a billion dollars of the safest assets in the world, US Treasuries...
"
If your biggest geopolitical rival is willing to trade you solar panels and real steel to fix your collapsing, busted-butt bridges in return for paper dollars (that you, and you alone, can print from thin air, mind) then you do that trade all day every day and twice on Sunday.
Argentina is not a global hegemon and can't print petrodollars, so it's constrained by the rules of ordinary reality.
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Neighbor what? Chinese steel is crap and their QC is nonexistent. Literally just lies on paper. No one is building any bridge or building out of chinesium (except China who's buildings start to crumble after a decade).
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Savage
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The chinese are truly the most egoistic and morally bankrupt people on Earth !chuds
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We already knew the soulless, communist, bug people were yellow africans
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practical*
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I thought you claimed you weren't Chinese?
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since when
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The Jews have lost their title.
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This is the kind of advanced !chuds knowledge I stick around for
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No doxxing pls
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look at that posture. he's focused, moisturised, in his lane, flourishing.
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Among other things
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!slots100
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i think it's a very good saying
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Is it different than "you get what you pay for" or the same idea?
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exactly the same thing lol
the literal translation is "one cent of money, one cent of product" or something like that
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you mean there's no magic chinese formula to make things cheap AND quality? Hiring half dumb Chinese peasants to run factories doesnt produce Japanese quality products?
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lol everytime my wife buys some cheap chinese electronics i end up having to replace it with something similar made by the japs or koreans
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With a big scoop of false advertising, that's the actual difference
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had a nightmare about being in china after reading this. thanks.
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This is 7 years old.
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And still accurate.
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Then why is Chinese tech constantly improving?
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Actually that is sort of a good counterpoint. I dunno, not steel, then: some other unprocessed commodity that it's harder to ruin with crappy quality control.
The point is if people will trade you real shit for IOUs with 0% interest, it's a great time to go shopping and make it all back later by increasing productivity using that shit.
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Many years ago I worked in an industrial setting where we bought the same small motor from 2 other factories, 1 in Chinxland and 1 in neurodivergentmayoland, identical specs and blueprints. Chinese batches, maybe 10 out of a 30 motor pallet would work when delivered, the rest were scrap (completely fricked, out of tolerance in every possible way, bad steel, etc). German pallets would usually have 1 or 2 motors that needed resealing and would then work. Chinx bad.
Tbf that was like 25 years ago so maybe they suck less now
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in the audio world Chinese used to sell crap and audiophiles would get German or American only audio equipment. Then the chinese started cloning them and eventually they started getting really good at it and started going more up market.
As the other thread said you get what you pay for. When you pay good money for stuff you get good stuff. The only problem is as soon as there's a good Chinese company making $$ upmarket then these other chinese ones come and clone them with shitty QC. And then people on Amazon cant distinguish between Linsoul Audio Comnany from Shenzhen Yinyoo Energy Technology Co, so their reputation still sucks
https://www.makeuseof.com/what-is-chi-fi
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The phrase "a rising tide raises all ships" does not translate well to Mandarin. It's all about the race to the bottom.
I stan capitalism more than most, but it's hard not to see the flaw here, which is that the whole thing only works well if information is reliable and available. Not that any other system would be better.
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Idk I think it's a solveable probem. if amazon invests more in catching fake reviews then it'd be sufficient IMO.
They have gotten noticeably better at banning people who change products for reviews. They just need to pin the original product description to the review itself and you'll see a difference.
google search results used to be littered with SEO and they massively reduced it. Amazon will do the same eventually. Maybe hire a Reddit jannies to do real work for spam.
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do real work for spam.be annaly violated with OUT consent.I hate jannies so much it's not real.
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I mean, look at Anker. It was total knockoff garbage forever, but now it's a legit brandname that I trust as much as anyone else out there
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There is a Chinese forklift company I nearly worked for. I asked a few end users their thoughts on the product.
One guy had bought two lifts. The same model. Ordered at the same time. They had different peddles, the hydraulic lines were different (paper thin on both) and the steering wheels were completely different.
Would have mad a killing being the regional rep when Toyota got shut down by the epa but wouldn't have sleep well selling that shit product
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You're an r-slur who knows nothing about fiat lol
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Oh frick, the cryptobros have found us! Please go ape yourself.
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Case closed. Grade an r-slur. Cryptosstrags are 100$% smarter than, “just print more money!” Libshit droolers.
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Yes even the people who downloaded monkey pictures for 100k are more intelligent than, “let's print more money for free Chinese steel!” Lmao. Honestly I think flat earthers and the ufo disclosure people are a step above too
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https://mises.org/library/fiat-money-inflation-france
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Read b-word. Also, how is a site that advocates for a gold standard in anyway not the OPPOSITE of crypto.
Neolibs aren't bringing their best.
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What's wrong with Mises?
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Crypto depends on the American "Empire" and its infrastructure continuing to exist, and yet wants to destroy its chief monetary pillar.
Idiotic. The Feds will win, and your bitcoin will remain a trinket of binary bits on your hard drive.
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Real quick, what if you didn't eat breakfast today? Fiat was a word long before buttcoin. Commit suicide immediately
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I presumed that was your preferred alternative to fiat currency.
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That's because you're a Reddit robot
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Darn bb u pretty smart for a girl
....unless
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I had a phase of being really into City banker dudes but I'm not that hot so to keep their attention I needed to be able to bring incredible hot takes like, "Obama should have put $3 trillion on the company card at negative real interest rates."
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I still don't understand why the German gubbermint didn't just grab all the free money it could when Bunds were at negative yield. Like what's the point?
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That unironically works as long as you don't have a less inflationary competitor currency.
Thankfully, the rest of the world is even more r-slurred and arbitrary.
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I'm proud of you for putting that brain to work.
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But redditors have been telling me for years that the petrodollar is a myth?
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Because it fricking is. Eurodollar however is a real thing - that is a need for a large body of US dollars to facilitate international trade, because whenever you exchange currency X to Y you do it by buying/selling dollars. This includes oil trade, but it applies just as much to baby shoes trade or motorcycle trade.
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What about the jew dollar? Where if a jew is not managing the money then your business will fail?
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100% correct, without Jews you lose. SVB hired a guy called Goy as risk manager and how did it go for them?
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So is China on something when it tries to replace dollar ?
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Yes, Chinese attempts to replace the USD are extremely r-slurred - especially since they interfere with their currency to keep it low compared to the USD.
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It even exceeded dollar in forex deals since 2022.
Australian dolar that is
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“Renminbi” shit sounds like some moe anime
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Uooooohhhh 😭😭😭😭
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Gotta respect the hustle.
The thing about China is that we still don't know what a fully evolved Chinaman looks like.
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Taiwan? Singapore?
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Haha no.
I personally don't expect them to go past 30k USD.
However, imagine a billion plus 30K USD people working together.
That's gotta be competitive in the tech and economic sectors.
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Meanwhile we already know what the American and the European is.
The Chinaman might still surprise us 40 years from now.
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Redditors are r-slurred, more at 11
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The dollar doesn't get to be the world reserve currency if you start bombing it. It has to actually be managed well enough to prevent switching. If you lose the strength of the dollar, the US looses global supremacy.
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"oh no, that irresponsible company is borrowing money at record low rates to modernize facilities and expand production!" said no investors ever.
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You absolute r-slur, are we at record low rates? No? Why is that again? Oh yeah, because we printed a bunch of money we dont have.
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What year is it?
What year did Obama become president?
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^This is why women shouldn't be allowed in politics.
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Aren't you a woman?
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!neomoids We got another one.
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Because scrotes can't sneed?
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Keep yourself safe in the most painful way possible immediately
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You just got owned
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No you see money print bridges fixed! CHINA STEEL FREE!
Lol
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So unbelievably mad lol
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It's called past tense, chud.
What did you eat this morning =/= what are you eating now.
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Lol these kids are pure fricking r-slur.
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Holy frick this is your brain on neolib
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I assume this is the same reason why Liz Truss trying to cut taxes and LARP as a Republican also failed.
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are we optimizing for treasury bux or whats best for the average american? I'm always suspicious of the metrics people use for Keynesian/monetarist models
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Argentina breaking new ground by electing the first literal schizophrenic to rule a modern country
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“This is unfair! My fathers father was an equity lands management director who signed permits for new park benches, and his father before him! What is our family going to do without being a total drain on society at the highest level?”
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Sure, cutting out some of the deadwood in government bureaucracy is likely a good idea. Anyone think this guy is smart enough to tell who's useful and who isn't after one day on the job?
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It's like Kyle sneed in-house, anywhere you point at the government you're likely making the right decision in removing them.
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Metaphorically. Killing government employees is like cutting a worm in half, they get more tax payer money, more security, and less able to be removed. Closing their offices is worse than death because their families survive on other peoples hard work for sometimes hundreds of years. The only way to kill a bureaucrat is to stop sending them other peoples money.
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Happy cry
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!remindme 1 year - is argentina still a failed state or has it gone full Mad Max?
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It's only a failed state IMO if the security forces have lost control, like Haiti.
Argentina is bad, but afaik not that bad.
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I will be messaging you on 12.12.2024, 13:42 UTC to remind you of this comment
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Who's gonna tell him?
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Who's the first?
Or I would have asked if you didn't block me!
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God protect this man
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A politician saying that things will get worse before they get better to buy time as he destroys the poor and middle class with austerity policies? SHOCKING development, never happened before!
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This implies the poors and middle class aren't already destroyed by 200% inflation. (they are)
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It'll get even worse for them since the first thing libertardians destroy is the social safety net. Then they sell off the country to the highest bidder and use that money to cut taxes, mainly for the rich of course. And when the money dries out from selling out the country's wealth you have double the favelas and libertardian morons bragging that the GDP increased because he made the country a tax-free haven for multinational corporations
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Safety net? Frick you. Seriously, go frick yourself. Your fricking safety net is fricking useless. Your spoiled rich butt has clearly never had to rebuild from destitution. I want to crack your fricking skull open. Frick you. I want to strangle you with that fricking safety net
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You ok there?
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A schizo libertardian? Shocking stuff!
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Frick you. Punch the Nazi
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I like the cut of his jib, so I'm on his side. Prepare to die.
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Not a libshit but yes, I believe in what history has taught us about libertardians. Not surprising either, this is an ideology that actually believes that if the state stops regulating corporations they'll play nice and have healthy competition instead of creating cartels to destroy smaller competition and frick over consumers. They're that stupid
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History has taught us capitalism works...
I'm honestly amazed at your r-sluration, that you honestly believe the institution that inherently leads to less meritocracy in the market is the thing preventing it...
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Does your malfunctioning brain think that any version of capitalism must be good because you believe capitalism is good? Go shove a 20 inch dildo up your butt because s*x is good therefore all s*x must be
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There is only one capitalism. The free market.
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Frick your history. I lived through your lies. Your fascist butt needs to meet fist
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Calm down schizo
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You are evil. Go find God
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Tell your story in an effort post!
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lol you mean the "libertarian" stuff all those governments did following 2008? The grand capitalist EU experiment
thats usually the only evidence people use to attack austerity and its a joke if you look at what those European govs actually did.
"austerity"
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What the frick are you even implying here, that the EU cucks didn't impose austerity?
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What do you think lolberts do differently? I'm pretty sure my libertarian friends would follow this word for word but follow up every step with “and that's a good thing!”
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This is a good thing.
This is contradictory to his previous claim, the tax has already been cut, most likely in full or near it, by "destroying the social safety net". So it becomes very quickly obvious that he can't even comprehend a world without tax, sad and small-minded. It seems he realizes his true enemy is the politician but still falls for their lies of the "heckin evil businessman".
Taxes have already been cut, and this also doesn't make sense as if libertarians believe in tax in the first place, it's flat tax. As in, literally no difference between incomes.
I don't even know what this delusion is, it seems he thinks libertarians want a government involved in the economy, despite that going against everything the free market stands for. Also, capitalism literally makes everyone richer, all the countries with favelas and high poverty have an overarching theme of communistic or corporatistic (social-democratic) economies.
This is a good thing, and you're delusional if you think it isn't. Or at the least, and extremely jealous person.
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Taxes can get fricked and shaynogua on social security stealing $50 from my checks and neck herself
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Taxes existed before state-funded social safety nets came in vogue, you know.
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For protection purposes, libertarianism is about giving back the weapons to the people, and reducing the government to minimum. Cut out all the unnecessary bureaucrats and waste.
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Your pulitzer's in the mail
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R-slurred.
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American
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Non-American
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Thanks for the compliment
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It wasn't one
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Stop being a chud
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I've seen a ton of unironic comments on Reddit about how printing money will fix the issue and it doesn't cause inflation. You spend so long in commie echo chambers suddenly nobody is there to tell you how r-slurred your collectivist ideas are.
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Austerity was unironically necessary in Europe though
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They have never been conscious.
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