Noha

Feminist. Muslim. Anthropologist. Anti-taxer. Anti-Israel. Metalhead🤘🎧

Vires in numeris

Taxation is theft. Inflation is theft. Govt is the thief.

[Noha @RoonilWazlib02]

Remember when governments were not known to have bottomless pits of money?

Because money was actually *scarce*, and therefore more valuable?

👇 This is what happens on an easy money standard. Endless waste. Because they can just "make more".

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

Bro this Liberal MP

spent

$19,222 PER DAY, for NINE DAYS

Remember when Harper fired Bev Oda for a $12 glass of orange juice.

[Simply Bitcoin @SimplyBitcoin]

MUST WATCH: Robert Breedlove explains how $6 trillion of new money in 2020 equals 100 million years of stolen labor, or 2 million human lifetimes.

One of the clearest metaphors for inflation ever given.

[Noha @RoonilWazlib02]

@MBitcoiner For anyone that wants to dive deeper into why this thread is so accurate, I suggest these books.

Once you understand these three points, you'll realize we've been sold a scam falsely dubbed a functioning "economy".

[Noha @RoonilWazlib02]

@MBitcoiner 📚⬇️

The Big Print explains why deflation is NOT bad.

The Price of Tomorrow explains how deflation is INEVITABLE.

How to Think About the Economy explains an economy is made up of people with wants & needs who will always buy & sell goods regardless of inflation/deflation.

[allen farrington @allenf32]

you only get a hangover when you stop drinking.

"hair of the dog" is a (now somewhat dated) expression for treating a hangover by continuing to drink, which works by the way!

24/n

https://t.co/INCYryfqGM

[allen farrington @allenf32]

... of economic despair *caused by inflationism*.

inflationists therefore have this rather retarded habit of saying that since this happens, and is bad, all deflation must be bad.

a nearly perfect analogy for this is that of a hangover.

23/n

[allen farrington @allenf32]

come to think of it, why has anybody literally ever invested in compute, storage, or bandwidth? don't these people know that it always gets cheaper, hence nobody will buy it, hence there is no incentive to invest?

18/n

https://t.co/K8rm9vguah

[allen farrington @allenf32]

now, historically, if you have ever bought any kind of computing hardware whatsoever, you have disproven this claim.

why did you do that? didn't you know that if you waited, it would have been even cheaper later on?

17/n

[allen farrington @allenf32]

but there is an even deeper point about action here that applies to really any decision at all, never mind specifically an economic decision to produce.

why ever do things?

no seriously, why do them? didn't you know you could do them faster if you wait a year?

14/n

[allen farrington @allenf32]

you laugh, but this is the kind of reasoning you have to take seriously to entertain Mike's argument.

"people won't do things because why would they?"

or equivalently, in a more provocative inflationist tone: "the only reason you would ever ...

15/n

[allen farrington @allenf32]

... do anything is if you know it will take you 2% longer to do it next year, so you better do it now."

this is the insanity that "people won't spend or invest unless we have inflation" really boils down to.

16/n

[Christopher Adlam @cadlam]

Right now Ontario is burning almost 6,000MW of gas because there's almost no wind and there's no sun.

Solar had a 2.8% capacity factor today, meaning you'd need 18,430MW of it to produce the same amount of electricity as a single 516MW Pickering unit.

In fact, a single Pickering unit generated more electricity than all of Ontario's wind and solar today.

[Noha @RoonilWazlib02]

@beyondthboomers @PierrePoilievre Imported by who? Your own people.

As I said before, you're going after the wrong bogeyman.

No one is doing this to you. You're doing it to yourself.

Your problem is with your own people. Want to solve it? Look in the mirror.

Think you got the balls to do that?

[Noha @RoonilWazlib02]

@TrendPolCa @MarkJCarney @PierrePoilievre Who's more hated:

[Noha @RoonilWazlib02]

@LadyDSociety @StephCardozoPod @SouthsideTilly @ericjames_x You put this far nicer than I would have

[Noha @RoonilWazlib02]

@carterghill @buckmcyoung @CoinsGoUp Or worse, more government stimulus "to help the needy".

🔁

[Noha @RoonilWazlib02]

In other words, central banks are going to let inflation run HOTTER for LONGER (meaning you get screwed) because government debt is so high.

Deficits are no joke. They're the #1 cause of hardship for people today and most don't even see it!!

[Noha @RoonilWazlib02]

This ⬇️ !!!

Some arm chair analysts on here keep talking about interest rate moves in relation to housing or inflation...and they're missing THIS ⬇️ part of the picture.

We are way past that point now. Rates *have* to be low to finance deficit, EVEN IF INFLATION IS >2%

[Buck @buckmcyoung]

The Bank of Canada is conceding we have entered fiscal dominance (where government spending over-rides interest rate policy) and they are forced to put government debt on the BoC balance sheet.

Unlike 2020, assets like housing will not rise because fiscal dominance means the only one with credit is the government, and every dollar it spends decreases your purchasing power.

If you are of the belief that things have to get worse to wake voters from their delusional slumber, then you welcome this news, because living in Canada is about to get a whole lot harder.

And if you don't want your work to support government policy, you should probably leave, because nothing is getting done in this country without government backing.

Don't shoot the messenger...

[Noha @RoonilWazlib02]

@axiochrono @JJ_McCullough On paper.

They play no role in the day to day of Canadian politics or culture.

There was no need to revive a practice that hadn't been done in over 50 years.

Unless you're someone with no loyalty to Canada, like Carney (lives in the UK, invests in the USA).

[Noha @RoonilWazlib02]

@beyondthboomers @PierrePoilievre I never said they were.

You do like your assumptions though.

Also, it's the oldest thing in the world to view other religions as 'NPCs' or 'stupid' or 'doomed' or what have you.

And everyone thinks their view is the objective view. You're more like them than you think.

[Noha @RoonilWazlib02]

@beyondthboomers @PierrePoilievre And getting mad at non-Christians because Christianity lost popularity (to atheism, mind you, not other religions), is absurd.

Punishing them for it is even more absurd. We are already united by common law. Changing that today will cause unnecessary pain to everyone.

[Noha @RoonilWazlib02]

@beyondthboomers @PierrePoilievre Yes, my problem is with your "implied" bit.

Obviously countries evolve.

Canada's roots are Christian. Over time, it became more secular.

Should it be more Christian again? Yeah I think more people need to find a faith again.

But 🇨🇦 is no longer *just* Christian...