• 1 Post
  • 629 Comments
Joined 1 year ago
cake
Cake day: June 13th, 2023

help-circle

  • Of course, but if you put those few hundred into jail for the night to cool off, the paper will run that you are putting hundreds of Turks into jail, you racist.

    Easier to just put in earplugs to ignore it, and pay for driving lessons so your wife can avoid the metro in the evening, but you ignore it for a decade, and now somehow nazis have the vote, and we are afraid of being caught in the crossfire as we already are, facing workplace discrimination and such.

    I know it’s not an easy problem with a clear solution, but it’s a problem.



  • So here’s an immigrant perspective; as an Eastern European in Western Europe I see that the wealthy are using me as a cudgel to keep the locals down. I’m paying quite high rents in a market where a lot of the locals in different careers can’t, and there is a housing crisis. The place I’m renting could be where someone’s kid would move out to.

    And it’s partly German neocolonialism that fucked up Eastern Europe, so thank Merkel I’m here, since it’s this or the VW factory.

    That said, the people who kept the whole literal city awake honking their horns last midnight while waving Turkish flags, or the Moroccan teenagers accosting everyone near my place, including hurling abuse at my Asian or queer neighbours don’t scream peaceful coexistence.












  • So if I understand correctly, the reason it’s outdated is not because we don’t need those pesky banking regulations any more, but that it has been found that banks will just take out their own loans to cover the reserves they need from the central bank, so they can just lend as much as they want, no seatbelts. And the central bank will never run out of loans to give, since they have insane reserves, in their own currency it is technically unlimited.

    So money is not really the thing we think it is. If banks overextend themselves and fuck up, the only thing we’ll see instead of failing banks is runaway inflation in the consumer and asset (housing) markets. Wonder where I’ve seen that.