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Comment Re:$100 trillion Zimbabwe = $3 USD (Score 1) 126

> If your debt is denominated in dollars how does depreciation in the dollar make it harder to pay back?

It doesn't, it just leaves the general public holding sacks of worthless paper money or pointless numbers in a bank's database when they want actual stuff, like food.

Inflation as long been used as a stealthy way to tax the public, they see their quality of life going to crap as each new generation comes along, but nobody wants to admit the problem lies with government spending The US had the advantage of pushing a lot of the inflation tax onto the rest of the world, but that's going away as so many other countries want to get free of the dollar.

If tomorrow the government hands out a trillion dollars to everyone, we won't all suddenly have a lot more stuff. We'll have a lot more paper and all the resources that were scarce yesterday will still be just as scarce. Probably even more so as there's a rush to consume more before prices can fully react to such a change.

Comment $100 trillion Zimbabwe = $3 USD (Score 2) 126

> We have been hearing these same predictions about the national debt for almost 100 years ... the argument is fundamentally flawed. Mostly because it ignores things like economic growth, inflation and the value created by whatever the debt buys.

The fiat system has collapsed a few times, do you know anything about Brazil or Zimbabwe?

I don't think gold is a magic solution here, or returning to that standard would fix everything, but you do need some level of balance between the amount of currency and the things there are to buy with it and we damn near broke it during Covid with the mass inflation there. So I wouldn't be too cavalier that this could never happen, even as I don't think it's in any immediate danger.

But remember: there won't be a US dollar to peg the US dollar to if we screw it up and that's the only way Brazil got out of its mess in the 1990s.

Meanwhile, you can get $100 trillion Zimbabwe dollars for $3 USD.

Comment Re: Microsoft Store is the monopoly (Score 1) 164

Yeah, because the customers don't want anything else. Itch.io is great ... if you want random indie stuff. GOG seems to have no idea what to recommend and you either get games from 1992 or hentai VNs with a porn patch so they're not technically selling the porn, with little that's actually interesting.

Comment The mask has come off (Score 2) 83

This is completely true, we have a lot of people now saying the first amendment needs modifications so they can censor people they think are wrong, including Hillary Clinton who said "we lose total control" if they don't do this. Problem is a lot of people only ever supported the first amendment because it was helpful to them at the time.

Comment The actual orders have long been posted (Score 1) 94

> I'm still waiting to see any evidence of such a secret order.

They're up on the AlexandreFiles along with English translations if you want to read them. I linked to an archive so that people censored can read them, but the originals are at https://x.com/AlexandreFiles though I note that X seems to require login to see anything.

Comment Eggman is out of control (Score 2) 94

> But Brazil has also criminalized reading X. If a Brazilian citizen is caught accessing X, they can be arrested or fined $9k per day, about half the median household income.

It's twice the minimum wage, per day, at R$50,000, which is a little under $9k USD. That said, they've at least backed off the fines for individuals.

The part that's really crazy is the original order was a secret order giving X just two hours to remove a list of accounts that includes a sitting Brazilian senator. So they were going to censor and make X take the blame for the STF's censorship.

That really doesn't sit well with me.

Submission + - X Releases STF's Secret Order to Censor Sitting Brazilian Senator (x.com)

An anonymous reader writes: X has just released the Alexandre Files detailing the secret orders from Alexandre de Morales on the Brazilian Supreme Tribunal Federal (STF) that lead to the recent blockage of X in Brazil and order to remove all VPN apps from the Apple and Google stores lest they be used to access X. In it, X contends that they were given a secret order giving them two hours to secretly censor a list of Brazilians, including a sitting Brazilian senator.

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