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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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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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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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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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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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lol wat
Gold and crypto communities are closely intertwined.
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Goldbugs are just 20th century cryptards. You've been deprecated, neighbor.
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What's wrong with Mises?
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Absolutely nothing, if the year is 2002 and you're a 14 year old Ron Paul fanboy who's never held a job or taken a single economics class but knows everything about the world economy.
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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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Crypto r-slurs couldn't come up with a dumber idea than MMT if they tried.
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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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beep boop, chud
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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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They'd have the worst work ethic so change that to regular Wagies like McDonald's type work: high schoolers and old ladies
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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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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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Since
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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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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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