@DanSails04101@firesidealpha I really don’t know what you are talking about. 40t debt isn’t one side or another. 08, bailouts, middle east wars (Bush, Trump) little to no national investment.
Last 50 years
Republicans: ~26 years — 52%
Democrats: ~24 years — 48%
@BigJayGreg@LukeGromen@vtchakarova Okay, but doomerism is not the same as a sovereign debt crisis.
40t isn’t the problem - it’s that we can’t afford the interest on the debt without restructuring.
This will be great for stocks, physical assets, etc and very bad for bonds and currency.
@DanSails04101@firesidealpha The democrats aren’t in charge.. it’s time to accept the fact that the republicans aren’t any better.
Also, AI and robotics are going to replace construction workers and all of the above roles.. or we will fall very far behind China over the next 3-5 years.
@TheRandomNote@ns123abc You pay for a tool. The company thinks it should own all of the work produced with the tool. It watermarks all output and claims ownership - then they find more ways to charge you for past responses.
@tenobrus@NickADobos They are claiming your work as their own. Don’t mistake this for anything other than a money grab. Once it’s all marked - then they will start charge recurring fees for the output.
@NickADobos The billionaires stole our data to train these models and now they are watermarking as if all output is theirs.. next the recurring fees to keep the output you created with Claude.
@DeItaone Gold falling means that China and Russia buy more physical gold.
It’s never been a good policy to send all of your gold to a foreign nation.
Gold needs another 0.
@amlivemon China is selling the weapons and components for warfare.. why would they want to participate? Take the money, exchange for gold and watch the war diminish other nations financially and politically.
@mopenshaw@Patrickwebb Yes, you could work your way through school.. not end up with 50k+ in debt.
Health and education costs have gone vertical.
Run the math on a 7% loan at 410k + 3-6k property tax.