| 00:06 |
awt_akris |
signpost: the more detailed argument was that if you own your home outright and a small percentage of yo%ur net worth invested in treasuries would cover your expenses + 10-20% (forget exact amount) then buy treasuries but also hold significant amounts of Bitcoin for when money printer is inevitably restarted. Was directed |
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| 00:06 |
awt_akris |
at a specific audience, perhaps no one in here, incuding myself. |
| 00:10 |
awt_akris |
More generally their advice (if can't do the above) is to have more than one source of income, especially if your only source of income is a jerb. |
| 00:13 |
awt_akris |
The problem then is, if you already have a jerb, how do you earn additional income? |
| |
↖ |
| 00:15 |
signpost |
a lot of these strategies completely ignore inflation |
| 00:16 |
signpost |
would have to read the guy's thing to actually comment |
| 00:16 |
signpost |
right now a 10y yields 4.5% |
| 00:21 |
signpost |
bitcoin's issued every day, and is roughly holding high $20k atm. this means the issuance is getting bought. |
| 00:24 |
signpost |
usually people don't panic back into btc until 3-6mos post halving, but the best time in the cycle has been around now. |
| 00:25 |
* |
signpost also believes that there will come a violent s-curve upward at some point in the future, as issuance permanently dwindles well below demand. |
| |
~ 22 minutes ~ |
| 00:47 |
awt_akris |
This will be the first halving in a high interest rate environment, so will be interesting to see how things playout. Could be subdued, or might coincide with ETF approvals. |
| |
~ 8 hours 34 minutes ~ |
| 09:21 |
billymg |
interest rates will be reduced soon |
| 09:23 |
billymg |
because of http://logs.bitdash.io/pest/2023-10-11#1030947 |
| 09:23 |
bitbot |
Logged on 2023-10-11 23:36:37 signpost: also looks like we'll end up doing wartime BRRRRRR. |
| 09:35 |
discord_bridge |
(awtho) There is no budget limit until 2025. Thus no pressure on the fed to reduce rates until then or until unemployment is up significantly or inflation is down to target. |
| |
~ 4 hours 21 minutes ~ |
| 13:57 |
signpost |
https://fred.stlouisfed.org/series/FYOINT << there will be pressure. |
| |
~ 32 minutes ~ |
| 14:29 |
billymg |
https://archive.is/MNVw0 "Henry Kissinger on Hamas attacks fallout: Germany let in too many foreigners" kek |
| 14:38 |
billymg |
"we need to import more orcs, they will boost the economy and enrich our culture" "nooo! not like that!" |
| 14:42 |
awt_akris |
Notice any more venezuelans down there recently or same amount? |
| 14:43 |
awt_akris |
Always see them hanging out by the automerado. |
| 14:43 |
billymg |
from what i hear they are causing problems in san jose |
| 14:45 |
awt_akris |
bussem north dammit |
| 14:46 |
billymg |
awt: into the caribbean? |
| 14:47 |
awt_akris |
Into texas. |
| 14:47 |
signpost |
yeah I've seen a few :p |
| |
~ 27 minutes ~ |
| 15:14 |
asciilifeform |
'moar orcs' aint optional , as it happens |
| 15:14 |
bitbot |
Logged on 2023-03-21 12:28:22 asciilifeform[5]: signpost: moar nuanced : infertility for the 'expecting to live in houses, be ill in hospitals, and retire' class; massively subsidized fertility for the replacement '0 expectations' class |
| 15:14 |
bitbot |
Logged on 2023-01-20 15:01:15 asciilifeform[jonsykkel|deedbot|awt]: from lizard pov, white who expects to e.g. live in own house, is seen similarly to how 19th c american settler saw indian who expected to freely horse around hunting buffalo. i.e. 'annoying, entitled pest' |
| 15:14 |
dulapbot |
(asciilifeform) 2022-01-19 asciilifeform: http://logs.nosuchlabs.com/log/asciilifeform/2022-01-19#1074632 << the 'thinness' imho is part of the planned rampdown of plebe expectations. |
| 15:15 |
asciilifeform |
i.e. forced mistake. |
| |
↖ |
| 15:18 |
asciilifeform |
http://logs.bitdash.io/pest/2023-10-12#1030948 << if you actually have e.g. 1e7$ on hand, 'how to live off interest' is a 1st grade arithmetic problem, afaik not reqs much in the way of algebra at all |
| 15:18 |
bitbot |
Logged on 2023-10-12 00:06:07 awt_akris[signpost]: signpost: the more detailed argument was that if you own your home outright and a small percentage of yo%ur net worth invested in treasuries would cover your expenses + 10-20% (forget exact amount) then buy treasuries but also hold significant amounts of Bitcoin for when money printer is inevitably restarted. Was directed |
| 15:19 |
asciilifeform |
http://logs.bitdash.io/pest/2023-10-12#1030951 << n-th jerb. ( what asciilifeform does, fwiw ) |
| 15:19 |
bitbot |
Logged on 2023-10-12 00:13:07 awt_akris[signpost]: The problem then is, if you already have a jerb, how do you earn additional income? |
| 15:20 |
signpost |
thing is, "live off the interest" of argentine bonds |
| 15:20 |
* |
signpost dunno where the sudden trust in USG management of its finances arises. |
| 15:20 |
asciilifeform |
signpost: around here, the usual thing for 1e7$+ folx is to live off rents |
| 15:21 |
signpost |
you'll make 4% in a -100% environment |
| 15:21 |
signpost |
yep, having one's own victims is a strategy |
| 15:21 |
signpost |
rent seeking all the way down |
| |
↖ |
| 15:21 |
asciilifeform |
worx right up until the tenants starve |
| 15:22 |
asciilifeform |
signpost: all arrangements where 'live w/out work' involve some variant of rent-seeking, necessarily |
| 15:23 |
awt_akris |
You'd want to account for what you expect inflation to be so income would need to be more than your current expenses. Was accounted for in the +x% and also the own bitcoin part. Also a win if there's a bad recession, for however long that might last. |
| 15:23 |
asciilifeform |
(well, all but 'find buried treasure enuff for 100y' etc) |
| 15:23 |
asciilifeform |
awt_akris: the lulzy thing is that btc was paperized successfully to the point where it no longer worx as any kinda inflation shelter |
| 15:24 |
awt_akris |
see pasted twitter thread from yest. |
| 15:24 |
awt_akris |
discussed in court |
| 15:24 |
asciilifeform |
the 1 w/ bankman ? |
| 15:24 |
awt_akris |
yeah |
| 15:24 |
signpost |
eh nonsense. |
| 15:25 |
asciilifeform |
it aint as if there's afaik any reason to think he was the 1 and only dumper |
| 15:25 |
signpost |
every halving people start saying bitcoin's dead. |
| 15:25 |
asciilifeform |
bankman kaput, but exchrate still stuck moar or less where it's been for coupla yrs |
| 15:25 |
awt_akris |
who knows what binance is up to |
| 15:25 |
signpost |
"stuck" last cycle too, and before, and. |
| 15:26 |
asciilifeform |
for precisely how long will stay 'becalmed' asciilifeform has nfi, not has enuff psi power; but observes that it reliably lags behind troo-inflation by yrs |
| |
~ 1 hours 55 minutes ~ |
| 17:21 |
asciilifeform |
http://logs.bitdash.io/pest/2023-10-12#1030987 << incidentally, and prolly not only in asciilifeform's locale, the 'smalltime landlord' folx are in hard times, their biz is being taken over by mega-tower corps |
| 17:21 |
bitbot |
Logged on 2023-10-12 15:21:27 signpost: rent seeking all the way down |
| 17:22 |
asciilifeform |
lotsa vacant units this yr, moar than asciilifeform ever saw in past 20y sitting in this shithole |
| 17:22 |
awt_akris |
yay. renter 4 lyfe. |
| 17:22 |
asciilifeform |
the tower people, interestingly, not charge any less than the smalltimers. but 'new countertops', 'phree exercise room', etc. bait. |
| 17:27 |
asciilifeform |
the rather obv. 'seekrit' is that lizards see 'live off interest from 1e7$' (or whatever amt hypothetically within reach of clever plebe) as a bug and patch it |
| 17:27 |
dulapbot |
(asciilifeform) 2022-03-15 asciilifeform: ... from reich pov, plebes having savings is a bug, similarly to resistive losses in electric cable. 'pieces of yacht that got diverted' |
| 17:29 |
asciilifeform |
see also oblig. |
| 17:29 |
dulapbot |
(trilema) 2017-06-08 a111: Logged on 2015-03-06 03:29 mircea_popescu: if you are one of the people buying belgian rubber concessions on the stock exchanges, you make money. if you're in africa, you make quick with the hands and feet. |
| 17:32 |
asciilifeform |
err, there |
| 17:32 |
dulapbot |
(trilema) 2015-03-05 mircea_popescu: if you are one of the people buying belgian rubber concessions on the stock exchanges, you make money. if you're in africa, you make quick with the hands and feet. |
| |
~ 50 minutes ~ |
| 18:23 |
billymg |
http://logs.bitdash.io/pest/2023-10-12#1030977 << right, fully aware of actual motivation behind 'flood white nations with orcs' |
| 18:23 |
bitbot |
Logged on 2023-10-12 15:15:08 asciilifeform[jonsykkel|signpost|billymg]: i.e. forced mistake. |
| 18:25 |
awt_akris |
I don't think there have every been very many white people, relatively speaking - except maybe in 1800s. Will always be outnumbered everywhere. |
| 18:26 |
billymg |
handcranked scoopbot: http://billymg.com/2023/10/civilizational-immunity-to-globalism/ -- and thanks for the rec asciilifeform |
| 18:28 |
billymg |
awt: perhaps "liberal nations" would have been a better label |
| 18:33 |
billymg |
in the sense of, can work hard -> keep what you earn (or at least most of it) -> eventually not work (so much) or your children not work (so much) vs. slavery |
| 18:33 |
bitbot |
(asciilifeform) 2021-11-17 asciilifeform: seems like current (i.e. post- Great Theft) situation is a return to the ancient norm, as intended by the lizards, where 'you work a day, and what do you get? anuther day older and deeper in debt'(tm)(r) |
| 18:33 |
dulapbot |
(asciilifeform) 2021-07-13 asciilifeform: mats: it doesn't seem like we disagree re 'what' is happening. but possibly disagree in pov. per asciilifeform , what it all is -- is a massive theft. |