Sinthesis

joined 1 week ago
[–] Sinthesis@lemmy.today 24 points 1 day ago (3 children)

Nassau County in NY state passed a law this summer https://www.nyclu.org/press-release/nassau-county-mask-ban-signed-into-law YES, there are exceptions for health, religious or cultural reasons BUT they've also used it as probable cause to search someone https://www.nbcnewyork.com/news/local/nassau-county-police-issue-first-face-mask-ban-violation/5741363/ (it doesn't matter that he was found with a knife. My son wears a mask because he thinks his nose is ugly)

[–] Sinthesis@lemmy.today 13 points 1 day ago* (last edited 1 day ago)

you and everyone else to know

Coming in hot, I see.

gold Standard was holding down inflation

The gold standard was one of the causes of the Great Depression due to deflation. Deflation is terrible for economies and much, much harder to control. Be happy that you can keep your gold, FDR made everyone turn in all their gold (you could keep $100 worth) punishable by $10,000 or 10 years of prison. https://en.wikipedia.org/wiki/Executive_Order_6102 But guess what happened? Now that the Fed had more gold, they could issue, I mean, printbrrrrr more notes....which allowed more loans to be made, which allowed more industry to happen, etc, etc.

massive wealth disparities we see now are because of the US dollar

Inflation adjusted, Carnegie was worth $300 billion and we were on the gold standard then. What stopped the Rockefellers and Carnegies for a while? Regulation. What is allowing them to come back? Deregulation. Oh and taxes on the wealthy. Ask yourself what Musk had to lose if Trump didn't win?

standard of any kind the quicker things go back to normal.

Wampum? Think about what you said there standard of any kind. We all have to agree something is valuable, for it to hold value. Wampum was beautiful purple shells used as currency. Gold's elemental properties (electrical conductivity, non-reactive, etc) were not known, it simply looked shiny. There's honestly no good answer here, even bitcoin. For example, I still can't buy a coffee with a bitcoin, it must be converted to something else first. What if I'm somewhere without an internet connection? Cash is king.

Property is the only thing in true demand

I can agree with you here. Property "value" has surged twice recently, Chinese investors in early to mid 2010s (I forget why, I'd have to look that one up again. Something about their construction boom had crashed, too much supply on their market, so they turned to the US to invest. Anyway, there was a $750,000 house near me that stayed vacant for 3 years before it was sold for $1.25 million. I looked up the owners on the county government site) and Covid really hurt commercial real estate so they turned to residential/land.

/edit formatting

[–] Sinthesis@lemmy.today 4 points 4 days ago

You're not alone, samesies.

 

👀

[–] Sinthesis@lemmy.today 0 points 6 days ago
[–] Sinthesis@lemmy.today 7 points 1 week ago* (last edited 1 week ago)

"Over the last two years....."

Psssst, LEO: This shit has been going on for much, much longer than that.

[–] Sinthesis@lemmy.today 5 points 1 week ago (1 children)

Murderer by proxy which is much worse, in my opinion.

[–] Sinthesis@lemmy.today 32 points 1 week ago

Thx for reminding me to delete my .world account.

[–] Sinthesis@lemmy.today 27 points 1 week ago (1 children)

It gets worse as you get older too. My dad was 1 month over 70 and they denied him a lung replacement because he was too old. He died 6mos later. Paid into the system since he was 25.