Author Topic: Monetary Wealth  (Read 5177 times)

guest55

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Re: Monetary Wealth
« Reply #60 on: December 26, 2021, 01:42:20 pm »
The Firms That Are Deliberately Fueling The MEME Bubble - How Money Works
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Thanks to Atlas VPN for sponsoring this video and for letting me give an honest description of what their service provides. If you want a great deal on a great VPN use my link to get 86% off the regular subscription price https://atlasv.pn/HMW


The capitalist marketplace seems to have always been extremely gimmicky, but has anyone noticed as of late a massive increase in how gimmick driven it is becoming? It's just one gimmick after another, especially when it comes to the internet.

I'll make a prediction here as well, because most techies are not social people they do not understand socializing, I'm sure we've all heard the jokes about people in a company having to deal with the IT Technician? My prediction is that the Metaverse will go the same exact way as 3D T.V.'s. Just more clown **** produced by clowns who don't actually understand what real people want. I mean, people are already sick and tired of social media, and it's literally making people sick, so what do these clowns come up with next, social media 2.0 were we must actually put on a headset to interact with. Are these techies effing serious, this is all they can come up with, just another unnecessary gimmick no one really wants or needs? I wish they would all just fucken die already and save the rest of us some sanity!

How is "Transitory" Inflation Going?
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Inflation is no longer transitory, but is it here to stay?


Hyperinflation is Already Here – You Just Haven't Realised It Yet.
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guest55

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Re: Monetary Wealth
« Reply #61 on: January 11, 2022, 08:02:07 pm »
To Stop Trumpism, Biden Must Pass This Test | MSNBC
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In 2022, Joe Biden is confronting a challenge that can define a presidency -- record-breaking inflation. As prices reach their highest point in 40 years, Biden's agenda must adjust to this challenge. MSNBC’s Ari Melber reports on this particular pandemic price surge, its unequal impact, and some of the deeper systemic issues in American capitalism and stagnant wages. The report also features examples from history, the views of current Americans going through these challenges, and "Fat Joe's Guide to Inflation."

guest55

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Re: Monetary Wealth
« Reply #62 on: January 14, 2022, 08:30:04 pm »
This "non-financial-advisor" with a face only his mother could love decided to use the nickname "Arya" for himself....

These people are literally speculating on absolutely nothing! A plot of land in cyber-space. This is how insane they are becoming as each day passes.

How To Become A Metaverse Millionaire
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Arya is out here handing out bangers and financial advice yet again. This time with a claim you will 100x your money.


Comments:
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This makes my soul feel better. The sheer insanity of some people.
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I like to think "Arya Realty Investment, Arya Serious? Not Financial Advice, Not A Financial Advisor" is his full legal name. Maybe missing a "IV Esquire" at the end.
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I simply, for the life of me, can't understand Arya's thought process. This man is truly baffling.

CryptoLand - Fake purchases and crappy advisors... BUSTED!
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Another day in crypto paradise arrives, and with it a lot of laughs.


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The digital Epstein's island.... — Callum

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I've got no real interest in the crypto scene, but I've got a morbid fascination with seeing cryptoscams play out and watching people like you just see through all the bullshit they put up.

Real World Crypto Island - It's Worse Than It Sounds...Somehow
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What happens when you take NFTs and make them real? Well, this. You get Cryptoland.


guest55

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Re: Monetary Wealth
« Reply #63 on: January 18, 2022, 12:34:39 am »
Fareed Zakaria: History warns us about troubles brought by inflation
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CNN's Fareed Zakaria expresses his concerns about rising levels of inflation and what warnings we should consider based on how inflation has impacted events in recent world history.
#CNN #News

guest55

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Re: Monetary Wealth
« Reply #64 on: January 18, 2022, 05:08:14 pm »
Why Turkey Is Not Fixing It's Hyperinflation Problem
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Turkey is one of the largest economies in the world and was up until recently growing rapidly every year. Why is it now driving itself into a hyperinflation crisis?

guest55

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Re: Monetary Wealth
« Reply #65 on: January 18, 2022, 07:14:40 pm »
This is How Easy It Is to Lie With Statistics
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This video is about how misleading statistics can be (even when the numbers are 100% correct).


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Misuse of statistics can produce subtle but serious errors in description and interpretation—subtle in the sense that even experienced professionals make such errors, and serious in the sense that they can lead to devastating decision errors. For instance, social policy, medical practice, and the reliability of structures like bridges all rely on the proper use of statistics.

Even when statistical techniques are correctly applied, the results can be difficult to interpret for those lacking expertise. The statistical significance of a trend in the data—which measures the extent to which a trend could be caused by random variation in the sample—may or may not agree with an intuitive sense of its significance. The set of basic statistical skills (and skepticism) that people need to deal with information in their everyday lives properly is referred to as statistical literacy.
https://en.wikipedia.org/wiki/Statistics

By the way, could not help but wonder the other night how many of these CEO's behind some of the biggest data collecting companies were actually ready to set their data-centers on fire had the coup attempt on Jan. 6th been successful? Or, were they just going to hand all of their data over to the insurrectionists? How many of these CEO's actually think in advance about topics of this nature? Yet, many Western business people continue to believe in the false premise that the business of corporations is the same as the business of a state. Do they not realize that states have a monopoly on violence first of all, whereas their corporations do not? What do they think insurrectionists would have done with all of their data and their newly founded monopoly on state violence?

bondburger

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Re: Monetary Wealth
« Reply #66 on: January 19, 2022, 09:19:53 am »
I'm getting a slight anti-cryptocurrency vibe just scrolling briefly through here. That's a complicated subject I am not fully decided on.
My understanding of cryptocurrencies is that they are supposed to be un-inflatable as the currencies themselves have a known, unchangeable rarity*. This makes them analagous to gold. Adding to this analogy, Bitcoin is expensive and inconvenient to transfer for small payments (like gold) so there exist "Layer 2" cryptocurrencies: easier to exchange and representing a value in larger cryptocurrencies like BTC - analagous to a gold standard as an alternative to Fiat.
Other cryptocurrencies such as Monero improve upon the technology that was used to create Bitcoin to eliminate the need for layer-2s, simplifying business further.
Bitcoin is stupid, unusable and basically just a way to possibly get rich from other people falling for it. Cryptocurrencies as a whole probably shouldn't be dismissed outright. They're not ideal since the work used to generate them is non-productive, but this is better than the current system, right?
We're all familiar with the environmental damage done by Bitcoin miners, but some cryptocurrencies such as Chia attempt to work around this by avoiding using Proof Of (non-productive) Work in the first place, instead relying on time and dedicated computer space.
https://en.wikipedia.org/wiki/Chia_(cryptocurrency)
Do be aware that Chia was developed by Bram Cohen (need I say it?).

*: Of course new coins are mined+introduced, but with a set limit and "difficulty". Or, in the case of some cryptocurrencies, there is no limit but this is known by everyone using the currency. More cannot be magicked into existence when it is convenient.
« Last Edit: January 19, 2022, 09:22:25 am by bondburger »

guest55

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Re: Monetary Wealth
« Reply #67 on: January 19, 2022, 01:45:51 pm »
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I'm getting a slight anti-cryptocurrency vibe just scrolling briefly through here.

Well, for what it's worth I know Callum himself, the narrator to one of the videos in regards to Cryptoland in the previous posts, is invested in cryptocurrencies himself, which he states in one of the videos where he bashes Cryptoland....

As for myself, this just all seems like a waste of time and effort considering cryptocurrencies, if used as a guard against inflation as you stated, wouldn't even be necessary in a National Socialist state that was using labor-backed currency in the first place. You cannot inflate labor-backed currency either.

Through my eyes people like cryptocurrencies simply because they do not have an accurate reading of history, atleast those who are using crypto as a hedge against inflation. And lastly, as far as I can tell, NO crypto currency is speculation proof!? Infact, could it not be argued that all cryptocurrencies are purely based off of speculation?

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What should be made clear is that under a labour-backed currency production model all banking – in both central and commercial capacities – is managed wholly by the state as a non-profit organisation for the safeguarding of the individual citizen’s monetary reserves, the provision of interest-free loans and the regulation of the national money supply. All costs regarding a given government-funded project are calculated – namely essential building materials and required human labour – and prices for the purchasing of needed materials and workers are rationalised by the government (i.e. the state dictates the value of certain materials, goods and labour). The entire focus of the labour-backed fiscal model is to base a given currency, unique to a single nation, on the ability of the central government of that one nation to mobilise its manpower and material resources for the production and maintenance of essential infrastructures and services.
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What should be remembered from all this is that the money supply can only be expanded at the behest of the government’s ability to provide jobs to those who do not own a business or work within the private sector. The private sector will only ever be able to utilise money that the public sector produced. Where private enterprise fails to generate jobs, the government takes over. This guarantees that a significant degree of a nation’s labour pool remains in government hands for the maintenance of public welfare and not for achieving the private interests of a wealth-laden elite. A currency bound to this system also becomes inflation-proof.
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Because money creation is relevant to government efficiency in hiring the citizens of a nation to play a pivotal role in maintaining and building-up the existence of their state, a given currency based on this model is freed from the hostile control of international finance which insists that the currency of one (x) nation is inferior to currency of another (y) nation – either because X has less gold reserves (as if people can eat or build houses out of gold) or simply because an established power group simply says that X’s money is of less value (this representing the so-called ‘modern’ system of ‘floating’ currencies) – and that the former is destined to be economically exploited by the latter. It should be noted that the existence of metal-based (historical) and debt-based (current) currencies in the Western civilisational tradition have only served to demonstrate how selfishly-orientated international banking interests (and the multi-national, multi-faceted corporations that collude with these interests) can hold entire populations hostage in what has become an inherently rigged, global resource-grabbing game.
https://trueleft.createaforum.com/issues/monetary-wealth/msg240/#msg240

guest55

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Re: Monetary Wealth
« Reply #68 on: January 19, 2022, 10:57:05 pm »
How 'Gamification' of Everything Is Manipulating You (and How to Recognize It)
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Companies are using gamification to manipulate you. Here's how to see it and fight against it.
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“Gamification” is the practice of adding game-like elements to non-game contexts. It isn’t new, nor it is always a negative, but it is being aimed at consumers and employees more and more frequently, whether to keep you addicted to an app, motivated at work, or inclined to spend your money on something.

If you’re going to be forced to play different games (even when they don’t look like games)—and you are, right now—you should at least recognize how you’re being played, and try to learn the rules. Because knowing the rules is the first step to bending them to your advantage.
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When does gamification become manipulation?

There’s nothing wrong with gamifying our lives. We do it all the time, like when we promise ourselves a reward for cleaning the garage, or work out extra hard to get a little higher on Strava’s leaderboards. But marketers, salespeople, and employers can involve us in games we don’t even know we’re playing: games where the rules aren’t clear, the playing field isn’t level, and there’s often no way we can quit.
Entire article: https://lifehacker.com/how-gamification-of-everything-is-manipulating-you-and-1848352808?utm_source=pocket-newtab

What the hell are NFT's?
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What are NFT's?
Can anyone explain NFT's?
What can you do with an NFT?

NFT stands for non-fungible token, it is an economic phrase meaning 'cannot be replaced with an identical'.

In this video I'll be explaining what they are in very simple terms, how they work, why they exists and why there are so many NFT scams.


Sounds like manipulation to me....

guest55

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Re: Monetary Wealth
« Reply #69 on: January 21, 2022, 06:28:22 pm »
Why would you ever believe putting students into debt is a good idea in the first place unless you're an absolute fool who doesn't really care much about anything important at all? (Oh wait, we're surrounded by these types of fools, especially in the West, never-mind!).

Why Student Debt Is So Hard to Forgive
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Americans are currently burdened with about 1.57 trillion dollars of student debt, and that number is climbing rapidly. For many, a lifetime of debt has become the painful reality of life in the United States. Why? What happened to make this country, and this economic system, so addicted to debt?

90sRetroFan

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Re: Monetary Wealth
« Reply #70 on: January 22, 2022, 10:31:41 pm »

guest55

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Re: Monetary Wealth
« Reply #71 on: January 24, 2022, 07:50:01 pm »
That's more like it!  :) Rightists, and Westerners in general, who often resort to ad hominem attacks themselves when speaking on leftists and leftism, deserve nothing but the same in response. Although, in the case it could be argued Biden didn't really commit to ad hominem because it was in fact a stupid question on behalf of the Fox News reporter.

On hot mic, Biden appears to call Fox News reporter 'stupid son of a b****'
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President Biden was caught on a hot mic Monday appearing to call Fox News reporter Peter Doocy a "stupid son of a ****" in response to a question asked at the start of a White House event on lowering the prices of consumer goods.

As the meeting at the White House wrapped up, a reporter asked the president for an update on a call held earlier in the day on the situation in Ukraine. Biden seemed impatient that the question had veered off the topic of the meeting.

“The only reason I don’t like doing this is that you never report on why I called a meeting, and this is really important. I had a very, very, very good meeting — total unanimity with all the European leaders. We’ll talk about it later,” Biden told the reporter. “Thank you.”
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Another reporter then proceeded to shout out a question about a Pentagon plan to possibly send up to 8,500 U.S. troops to Eastern Europe in anticipation of a Russian incursion in Ukraine.

Biden ignored that question, and the reporters were in the process of being escorted from the room when Doocy yelled out, “Do you think inflation is a political liability in the midterms?”

“That’s a great asset — more inflation,” Biden responded in a low voice that was heard on his live microphone. “What a stupid son of a ****.”


It’s the second time in a week that Biden was heard criticizing a question posed to him by a Fox News reporter. At the conclusion of a White House press conference on Thursday, Fox News correspondent Jacqui Heinrich fired off a question about Biden’s response to the threat posed by Russian President Vladimir Putin in Ukraine.

“Why are you waiting on Putin to make the first move, sir?” Heinrich asked.

“What a stupid question,” Biden said as the reporters were led from the room.
https://news.yahoo.com/on-hot-mic-biden-appears-to-call-fox-news-reporter-stupid-son-of-a-b-225939659.html

guest55

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Re: Monetary Wealth
« Reply #72 on: January 31, 2022, 12:40:21 am »
The "MetaWorld" Is Here
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They have infiltrated kickstarter and now there is no safe haven. This has to be a troll attempt with how much they abuse the word "meta". But this is also 2022, so I know better.


Food for thought: Perhaps everything KiraTV mentions toward the end of the video about how if we continue down the Metaverse path long enough eventually corporations like Amazon and Tesla will be renting your mind for digital currency and using it to control one of their automated robot's in one of their warehouse's while the controller is strapped into his lounge chair at home, getting paid digital currency so that they can live the life they've supposedly always wanted in virtual reality, may not be what people like Musk and Bezos have in mind currently, but do these people understand human-beings? Do they understand human psychology and the psyche? Do they even believe that consciousness could not have evolved and that there is actually a human soul? Do these types of people even understand "The Shadow", and the warning thereof expressed by Carl Jung? Do the good guys really always win in this world, or do the good guys actually lose more often than not in this world?

Asmongold Reacts to "Predatory Monetization of Video Games" by How Money Works
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Asmongold watches "The Predatory Monetization of Video Games - How Money Works". Are video games about fun anymore? Or is it all just microtransactions, lootboxes and shady predatory schemes trying to get you to empty your pocket? How Money Works explains exactly how modern games get you hooked on buying virtual items for not so virtual money and how game developers use human psychology to make you FORGET you're spending real money. Asmongold discusses how we can stop these predatory monetization practices in video games by collective action and by law. In Belgium it is illegal to sell loot boxes, a gambling ban is in effect since 2019. Will we see a similar law in the rest of Europe and America soon?


The Predatory Monetization of Video Games - How Money Works
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Thank you to Morning Brew for being my first ever video sponsor. Anybody who has watched my channel for some time knows that I will only work with brands I personally use myself.



guest55

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Re: Monetary Wealth
« Reply #73 on: January 31, 2022, 12:56:47 am »
Former Valve economist calls Facebook's metaverse 'a Steam-like digital economy' with Zuckerberg as its 'techno-lord'
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Yanis Varoufakis also discussed "pay-to-earn" and the blockchain's long-term consequences.

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Former Greek Finance Minister and one-time in-house economist at Valve, Yanis Varoufakis, gave a long and freewheeling interview to the website, the Crypto Syllabus, focusing on the blockchain, its potential and disappointments, and where it sits in the larger context of politics, surveillance, and economics.

Of particular note to PC Gamer readers is his description of his time with Valve. Varoufakis had access to Valve's data on Steam's nascent player-to-player marketplace in the early 2010s, which he used to advise the company and his own economics research. Describing Valve's initial pitch to him, Varoufakis said:

"Ten years ago, the metaverse was already up and running within gaming communities. Valve’s games had already spawned economies so large that Valve was both excited and spooked. Some digital assets that had previously been distributed for free (via the game’s drops) began to trade for tens of thousands of dollars on eBay, well before anyone had thought of NFTs.
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You get the sense of higher-ups at Valve realizing they've stumbled into uncharted territory with their digital economies, and wanting to control them before they got out-of-hand. Like PC Gamer's Natalie Clayton, Varoufakis sees the connection between these nascent digital marketplaces and the current bustle around NFTs. He went on in the interview:

"Today, a decade later, it is clear that gaming communities like the one I studied at Valve have been operating as fully-fledged metaverses (to use Zuckerberg’s term). Gamers were drawn to them by the game but, once ‘inside’, they stayed to live out a large part of their life, making friends, producing goods for sale, consuming entertainment, debating, etc. Zuckerberg’s ambition is to insert his billions of Facebook non-gamer users into a Steam-like digital social economy – complete with a top-down platform currency that he controls. How can I resist the parallelism with a digital fiefdom in which Zuckerberg dreams of being the techno-lord?"

I enjoyed Varoufakis' refreshing perspective on NFTs and cryptocurrency. He combines an expert's knowledge of their origin and the potential use of blockchain technology with an understandable and bracing contempt for their current function as speculative assets and vectors for fraud and exploitation. I particularly enjoyed his statement later in the interview that "...the idea that people must now play like robots to earn a living so as to be human in their spare time is, indeed, the apotheosis of misanthropy," an absolutely blistering critique of the "pay-to-earn" concept currently being pushed by gaming companies like Square Enix and Ubisoft.

The entire interview is well-worth reading. Varoufakis' discussion of his time with Valve and comments on games in particular give way to thought-provoking ruminations on the nature of our economy and exploitation. Either way, we appreciate another expert joining the chorus that the metaverse is bullshit.
https://www.pcgamer.com/former-valve-economist-calls-facebooks-metaverse-a-steam-like-digital-economy-with-zuckerberg-as-its-techno-lord/

Zea_mays

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Re: Monetary Wealth
« Reply #74 on: January 31, 2022, 10:02:06 pm »
And they, in all seriousness, are calling this one of the strongest stock markets and best economic recoveries in decades...



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Yes, it's real:
https://www.snopes.com/fact-check/chase-bank-deleted-tweet/
« Last Edit: January 31, 2022, 10:04:20 pm by Zea_mays »