In the late 1990s SE Asia currency crisis, Korea, Russia, & others sold gold to raise USDs. This is a 180-degree opposite flow, & as such, a signpost.
Economically-hurting people SELL gold for USDs, they don't BUY gold (why "We Buy Gold" stands proliferated in US past 20 yrs.)
Via @KingKong9888
Two graphs: Australia has the second highest net migration rate in the developed world and the worst per capita decline in living standards in the developed world
I see now that it’s tyranny by a thousand cuts.
A small tax here, a new law there. Another government department, an advisory body too.
Then ten years passes and your life’s unrecognisable.
But you can’t really put your finger on why that is. You can’t point to one big thing that’s happened, so it becomes too hard for your brain to grapple with what’s been taken from you.
Humans have a short memory, and a very narrow window of attention.
They know this, and exploit it.
This is the type of liberal boomer who will be moved to tears over white guilt and vote for open borders to give migrants a better life
But will coldly tell their own children "life isn't fair" when they're priced out of the housing market & can only rent in crime-ridden cities
@MillennialWoes I'm sceptical about AI. Despite (because of?) our tech, we seem to be unable to create anything like the pyramids, Pont du Gard, or Notre Dame today.
If Michelangelo, Beethoven, or Shakespeare had had AI, I actually doubt they'd have produced anything of note.
Veblen goods discovered.
If these things were delivered in plain cardboard packaging in the dead of night by an unmarked van, 99% of their customer base would evaporate.
Walked by a Whole Foods in NYC with a big sign reading: “Local and global food to feel good about.”
Not food that the food is good for you, or just good, but “to feel good *about.*”
Such a strange preposition. Admitting that buying their food is firstly a symbolic gesture, for the ego, not the body.
True of lots of consumer behavior. Including politics. “Ideology to feel good *about.*”