Ah yes, human economics. Very fascinating. Very concerning.
*wheeze*
“Who does Earth owe $350 trillion to?”
Mostly itself.
You owe money to pension funds, banks, insurance companies, investment funds, foreign governments, central banks, corporations, and millions of individual investors.
*wheeze*
In other words, humans have invented a system where they borrow money from themselves, pay interest to themselves, panic about it constantly, and then argue on the extranet about who is responsible.
As a Vølüs, I find this arrangement delightfully profitable.
The more interesting question is not who you owe. The question is whether the debt grows faster than the economy that supports it.
* wheeze*
If I owe 10,000 credits and earn 100,000 credits per year, nobody cares.
If I owe 10,000 credits and earn 12 credits per year, suddenly C-Sec starts asking questions.
Hah hah hah…* wheeze*
So when a human says, “We owe $350 trillion! Who do we owe it to?”
The answer is:
“Mostly other humans. The real question is whether future humans can keep making enough money to convince everyone not to panic.”
* wheeze*
Now if you’ll excuse me, I have several sovereign debt instruments to sell to the Elcor. They take a very long-term view of investments.
I try not to contradict Nate very often but there’s a perfectly valid reason why it takes so long to count votes in California. Here is a typical timeline:
Election Day: everyone votes
Week 1: mail in ballots, absentee ballots, military ballots, overseas ballots, ballots accidentally issued to people’s pets, and ballots harvested from Skid Row start trickling in.
Week 2: As the ballots pile up, Officials consider appointing a Committee to Count Ballots.
Week 3: Committee to Count Ballots is appointed and commences discussion on electing a chairman.
Week 4: deadline for ballots from illegal immigrants.
Week 5: Committee decides that “chairman” is an outdated term and will be replaced by a term to be decided later once the Committee to Count Ballots Diversity Consultants finishes their report.
Week 6: fraudulent ballots from the Chinese Communist Party arrive.
Week 7: The Committee elects as Chairzerxon a nonbinary disabled child to count the ballots.
Week 8: it is discovered that the Chairzerxon does not actually know how to count.
Week 9: the ballots are thrown away and the Committee announces election results that are entirely made up.
Yes he’s going to purge all the MAGA universities, the MAGA newspapers, the MAGA NGOs, the MAGA civil servants, the MAGA labor unions… heck I’ll do it myself while he waits
This New Glenn rocket explosion released 20% of the energy of the Hiroshima atomic bomb and that wasn't even the bad part:
→ The pad: LC-36 is the only pad on Earth that launches New Glenn and now it's gone. Over $1B to build. SpaceX needed 7 months to rebuild after a similar hit.
→ The deadline: Amazon needs 1,618 satellites up by July 30 to keep its FCC license. It has ~300. The rocket that was supposed to help fix that just blew up twice in a row
SpaceX made us believe that landing rockets on barges was a normal expectation. Turns out rocket science is hard after all. Wishing the team a speedy recovery 🚀
@avidseries@EndWokeness good? she has be to breaking some sort of religious law here. it’s terrible that America would cause someone to disregard their own religion