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Cake day: July 4th, 2023

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  • That’s why I think trump will go down in the polls as we get closer to the election. The American public genuinely did want trump to shut up when Biden said that. I hope Biden tells him to shut up again at this debate with the muted mics. It would make him go nuts.

    Literally just say “I whooped your ass and I’ll do it again.” Trump would lose his mind. He never encounters people who say that to him. Everyone around him is a sycophant.



  • Not all “Slavic” countries are the same. Not all regions are the same. Western Slavs (Czech Republic), Southern Slavs (the Balkans), and Eastern Slavs (Russia) are all different. No one is going to call you the n-word in Prague any more than they would in America.

    The issue with Ukraine is that they have no tourism from outside the region so even well meaning people will not know how to act. They might ask if you know LeBron James or whether you can play basketball, just to strike up a conversation. They literally don’t know that’s insulting.

    Think about what you know about Ukraine:

    1. They’re in a war.

    2. They like vodka.





  • You think that high interest rates keep real estate prices high? That’s the opposite of what happens with high interest rates. People can’t afford to pay as much when interest rates are high (like they are now).

    I’m judging solely based on your comments. You are using big words incorrectly. You clearly don’t understand what you’re talking about if you think high interest rates keep real estate prices high. Also, your description of Japan’s economic problems are disjointed and confused, not correct.




  • This isn’t going to do anything. First of all, North Korea is probably not going to send battle ready soldiers to a foreign country. There’s really no reason for it. They might send ditch diggers for trenches.

    Second of all, this isn’t going to move the needle on the battlefield. Russia already has more troops than Ukraine. They need more and better arms and ammunition, plus better support, training, airplanes, missiles, drones, commanders, etc. Basically Russia needs a completely different military.


  • It’s not a “failed model”. Japan has issues because banks committed fraud and disguised non-performing loans. There are strict rules in the US about when assets must be “marked to market”. Plus the US has a growing population because we let in immigrants, which supports a growing economy. We are not close to having problems like Japan.

    There are also many levers the Federal Reserve can pull to keep banks in check. As I said, they can raise and lower the reserve requirement and raise and lower the overnight lending rate. This can prevent banks from going nuts with lending, but obviously can’t prevent all asset bubbles. Sometimes people are just irrational.

    Frankly you seem to be using a bunch of big words and implying that they make a point. Using “ex nihilo” instead of “from nowhere” clinched it for me. Also, you spelled “keiretsu” wrong.


  • Yes, they still have it. It’s just not in cash.

    Fractional reserve banking works because most people don’t need all their money as soon as they get paid. Most businesses keep some money in the bank too. Banks have a required percent of deposits that they must keep on hand to allow these withdrawals. And if they run low on cash, they just borrow money for a day from other banks (literally just one day). The US government can adjust the percent of required reserves or the overnight lending rate to keep banks from lending too much money out.

    Banks use this money to loan to businesses or people buying houses. It works well because whenever the money is loaned out it is used for a purchase and just redeposited in another bank. A percentage of that money is retained by the bank and the rest is loaned out again. And again and again. This way money is “created” when people buy things in the economy.








  • This was done on purpose so the crisis didn’t escalate. There’s no world police to prevent Russia from nuking everyone. It’s better for outside actors to focus on de-escalation anyway.

    Also, Putin is not doing this because of Ukraine. I mean that’s part of it, but he is doing it for domestic appeal. He wants to appear tough to Russian citizens. Two situations allow that: beating Ukraine easily, and losing to NATO forces. He knows NATO will not risk invading Russia, so he’s in no real danger from the second one.

    NATO is intentionally not intervening because it makes Putin look weak domestically. Russia has created their own problem and the war will not end until the people of Russia demand it.