Hemingways_Shotgun

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  • 190 Comments
Joined 3 years ago
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Cake day: June 7th, 2023

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  • Go ask a someone under 30 if they can afford a house and get back to me

    That has nothing to do with Canada or any one particular country, jack ass. That’s just late stage capitalism. Billionaire class slowly but surely, generation after generation, increasing the gap and fucking over the little guys. Every generation gets worse, and now, globally, we’re living in the age when all of that shit since Reagenomics hit the scene has now started to come home to roost.

    Saying that that is a “Canadian” problem is like saying that climate change is a “Canadian” problem. Yes…technically it is, but it’s also a US problem, a UK problem. A French, German and Italian problem. Because the over-arching problem has nothing to do with countries, but with the elites that pay for those governments the world over to do their bidding while fucking the rest of us over.

    Stop being an idiot.








  • Is THAT what you’re having a hard-time grasping?!!

    You do know that people put things for sale BEFORE the buying happens, right? It’s called THE MARKET.

    If you’re selling a house, you put it ON THE MARKET and wait for someone to make you an offer.

    Now let’s say you have a house on the market and you want 400,000 for it. But in your city, a lot of people are moving out and there are far more houses on the market than there are buyers. So you have to lower your asking price in order to entice a buyer to take yours instead of someone elses. You DEVALUE your house to make the sale; take less money than you originally wanted. Doing so devalues the other houses for sale since they have to do the same, and the entire market for “Houses in city X” drops.

    If, alternatively, you’re the only house that’s for sale in your city and there are 10 families looking to buy it, your house’s value RISES. Rarity equals Value.

    The same rule applies to stocks and BONDS. The US takes loans from other countries by selling them bonds. Those bond’s value is based on a few different criteria (stability of the country’s currency, etc…) But the important one here for your understanding is that the value is partially based on it’s rarity. If all of the US Treasury bonds get dumped into the market simultaeneously, they’re not rare anymore, and thus the value drops. If the value of the US Bond drops, it ripples through the economy.

    It’s supply and demand. The more there is of a certain thing ON THE MARKET, the less valuable it becomes. That’s the rule for everything, from stocks and bonds and real estate, to beanie babies and pokemon cards.









  • What experrs? American experts?

    They’re kind of forgetting the big elephant in the room that is the fact a lot of US foreign debt is owned by Japan and China, with the majority of the rest of it being held by countries that will be very very pissed off with this move.

    If trump is stupid enough to pull the trigger, and those countries decide that a potential physical war is becoming inevitable, they’ll for sure dump all of that debt, all at once; killing the US economy and it’s ability to make war. War needs fuel. Despite Venzuela, Trump won’t have enough of it once his economy tanks.