ruslan

[ruslan @rusforeal]

just saw a supreme box logo t shirt on pacsun for sale.

crazy fall off. end of an era. 😔

[ruslan @rusforeal]

“old money” clothing for $50 makes no sense as a concept.

ironic and unserious.

get a grip and be yourself.

[🖕 @walidlabri]

i look around and it’s just fit pics without people resonating with a sense of style, people with tripods for their iphones that takes 20mins to set up, traveling for the “vlog” rather than for the sake of travelling. social media engagement got us all like hamsters on a wheel.

[Jme @JmeBBK]

Banks just trade with your money and get richer. And if they fuck up, the government bails them out and charges us for it

[ruslan @rusforeal]

@unknwnt9 can we have this rimowa tune already??

[ruslan @rusforeal]

being guarded by Jrue Holiday must be what hell feels like.

[ruslan @rusforeal]

@SeptemberW99349 @Ghost41258188 @MorningBrew No, I’m not being sarcastic at all haha. Just trying to explain it in a way that’s easier to follow. Also Twitter’s character restrictions make it hard to go into all the details. Thanks tho!

[ruslan @rusforeal]

@Ghost41258188 @MorningBrew This cycle does stop, but the damage that it does is far too severe and could easily be avoided via a stimulus like decreasing the interest rates.

[ruslan @rusforeal]

@Ghost41258188 @MorningBrew Deflation makes debt way more expensive, driving companies and investors out of business. That creates unemployment. Unemployment = less consumption. Less consumption = less revenue for the companies. Less revenue for the companies = even more unemployment. It’s a perpetual cycle

[ruslan @rusforeal]

@Ghost41258188 @MorningBrew Which, in turn, enables the U.S. to issue its debt to anyone and print currency at basically no cost. No one can afford the dollar’s price to sink because of how many countries are invested in it. If this was not the case, the Fed would obviously not be able to print this much.

[ruslan @rusforeal]

@Ghost41258188 @MorningBrew The reason why the U.S. can finance all these wars is not because of money printing, but because $ is the reserve currency of the world and is used in most of international transactions/trade. Hence, it is in high demand and is in reserves in most banks of the world.

[ruslan @rusforeal]

@Ghost41258188 @MorningBrew And I am not saying that excessive inflation is any good. My point is that having a 0% inflation mandate will not give the FED any opportunity to intervene when it’s needed.

[ruslan @rusforeal]

@Ghost41258188 @MorningBrew 2. In case of a 0% inflation, the wages must be cut during economic fluctuations or because of poor performance, and no company will do it. However, when the economy runs at a 2-3% inflation rate, companies now can “increase” the nominal wages by just below inflation level

[ruslan @rusforeal]

@Ghost41258188 @MorningBrew why would we want to reduce inflation to zero?

[ruslan @rusforeal]

@unknwnt9 I need that rimowa tune NOW.

[philosophy for life @philosophy_life]

“Above all, do not lie to yourself.”

― Dostoevsky