awt_akris[asciilifeform]: signpost: the more detailed argument was that if you own your home outright and a small percentage of yo%ur net worth invested in treasuries would cover your expenses + 10-20% (forget exact amount) then buy treasuries but also hold significant amounts of Bitcoin for when money printer is inevitably restarted. Was directed
awt_akris[asciilifeform]: at a specific audience, perhaps no one in here, incuding myself.
awt_akris[asciilifeform]: More generally their advice (if can't do the above) is to have more than one source of income, especially if your only source of income is a jerb.
awt_akris[asciilifeform]: The problem then is, if you already have a jerb, how do you earn additional income?
signpost[asciilifeform]: a lot of these strategies completely ignore inflation
signpost[asciilifeform]: would have to read the guy's thing to actually comment
signpost[asciilifeform]: right now a 10y yields 4.5%
signpost[asciilifeform]: bitcoin's issued every day, and is roughly holding high $20k atm. this means the issuance is getting bought.
signpost[asciilifeform]: usually people don't panic back into btc until 3-6mos post halving, but the best time in the cycle has been around now.
signpost[asciilifeform] also believes that there will come a violent s-curve upward at some point in the future, as issuance permanently dwindles well below demand.
awt_akris[asciilifeform]: This will be the first halving in a high interest rate environment, so will be interesting to see how things playout. Could be subdued, or might coincide with ETF approvals.
billymg[asciilifeform]: interest rates will be reduced soon
bitbot[asciilifeform]: Logged on 2023-10-11 23:36:37 signpost: also looks like we'll end up doing wartime BRRRRRR.
discord_bridge[asciilifeform]: (awtho) There is no budget limit until 2025. Thus no pressure on the fed to reduce rates until then or until unemployment is up significantly or inflation is down to target.
signpost[asciilifeform]: https://fred.stlouisfed.org/series/FYOINT << there will be pressure.
billymg[asciilifeform]: https://archive.is/MNVw0 "Henry Kissinger on Hamas attacks fallout: Germany let in too many foreigners" kek
billymg[asciilifeform]: "we need to import more orcs, they will boost the economy and enrich our culture" "nooo! not like that!"
awt_akris[asciilifeform]: Notice any more venezuelans down there recently or same amount?
billymg[asciilifeform]: from what i hear they are causing problems in san jose
awt_akris[asciilifeform]: Always see them hanging out by the automerado.
awt_akris[asciilifeform]: bussem north dammit
billymg[asciilifeform]: awt: into the caribbean?
awt_akris[asciilifeform]: Into texas.
signpost[asciilifeform]: yeah I've seen a few :p
dulapbot: (asciilifeform) 2022-01-19 asciilifeform: http://logs.nosuchlabs.com/log/asciilifeform/2022-01-19#1074632 << the 'thinness' imho is part of the planned rampdown of plebe expectations.
bitbot[asciilifeform]: Logged on 2023-03-21 12:28:22 asciilifeform[5]: signpost: moar nuanced : infertility for the 'expecting to live in houses, be ill in hospitals, and retire' class; massively subsidized fertility for the replacement '0 expectations' class
bitbot[asciilifeform]: Logged on 2023-01-20 15:01:15 asciilifeform[jonsykkel|deedbot|awt]: from lizard pov, white who expects to e.g. live in own house, is seen similarly to how 19th c american settler saw indian who expected to freely horse around hunting buffalo. i.e. 'annoying, entitled pest'
asciilifeform: i.e. forced mistake.
asciilifeform: http://logs.bitdash.io/pest/2023-10-12#1030948 << if you actually have e.g. 1e7$ on hand, 'how to live off interest' is a 1st grade arithmetic problem, afaik not reqs much in the way of algebra at all
bitbot[asciilifeform]: Logged on 2023-10-12 00:06:07 awt_akris[signpost]: signpost: the more detailed argument was that if you own your home outright and a small percentage of yo%ur net worth invested in treasuries would cover your expenses + 10-20% (forget exact amount) then buy treasuries but also hold significant amounts of Bitcoin for when m
asciilifeform: http://logs.bitdash.io/pest/2023-10-12#1030951 << n-th jerb. ( what asciilifeform does, fwiw )
bitbot[asciilifeform]: Logged on 2023-10-12 00:13:07 awt_akris[signpost]: The problem then is, if you already have a jerb, how do you earn additional income?
signpost[asciilifeform]: thing is, "live off the interest" of argentine bonds
signpost[asciilifeform] dunno where the sudden trust in USG management of its finances arises.
asciilifeform: signpost: around here, the usual thing for 1e7$+ folx is to live off rents
signpost[asciilifeform]: you'll make 4% in a -100% environment
signpost[asciilifeform]: yep, having one's own victims is a strategy
signpost[asciilifeform]: rent seeking all the way down
asciilifeform: worx right up until the tenants starve
asciilifeform: signpost: all arrangements where 'live w/out work' involve some variant of rent-seeking, necessarily
awt_akris[asciilifeform]: You'd want to account for what you expect inflation to be so income would need to be more than your current expenses. Was accounted for in the +x% and also the own bitcoin part. Also a win if there's a bad recession, for however long that might last.
asciilifeform: (well, all but 'find buried treasure enuff for 100y' etc)
asciilifeform: awt_akris: the lulzy thing is that btc was paperized successfully to the point where it no longer worx as any kinda inflation shelter
awt_akris[asciilifeform]: see pasted twitter thread from yest.
awt_akris[asciilifeform]: discussed in court
asciilifeform: the 1 w/ bankman ?
awt_akris[asciilifeform]: yeah
signpost[asciilifeform]: eh nonsense.
asciilifeform: it aint as if there's afaik any reason to think he was the 1 and only dumper
signpost[asciilifeform]: every halving people start saying bitcoin's dead.
asciilifeform: bankman kaput, but exchrate still stuck moar or less where it's been for coupla yrs
awt_akris[asciilifeform]: who knows what binance is up to
signpost[asciilifeform]: "stuck" last cycle too, and before, and.
asciilifeform: for precisely how long will stay 'becalmed' asciilifeform has nfi, not has enuff psi power; but observes that it reliably lags behind troo-inflation by yrs
asciilifeform: http://logs.bitdash.io/pest/2023-10-12#1030987 << incidentally, and prolly not only in asciilifeform's locale, the 'smalltime landlord' folx are in hard times, their biz is being taken over by mega-tower corps
bitbot[asciilifeform]: Logged on 2023-10-12 15:21:27 signpost: rent seeking all the way down
asciilifeform: lotsa vacant units this yr, moar than asciilifeform ever saw in past 20y sitting in this shithole
awt_akris[asciilifeform]: yay. renter 4 lyfe.
asciilifeform: the tower people, interestingly, not charge any less than the smalltimers. but 'new countertops', 'phree exercise room', etc. bait.
asciilifeform: the rather obv. 'seekrit' is that lizards see 'live off interest from 1e7$' (or whatever amt hypothetically within reach of clever plebe) as a bug and patch it
dulapbot: (asciilifeform) 2022-03-15 asciilifeform: ... from reich pov, plebes having savings is a bug, similarly to resistive losses in electric cable. 'pieces of yacht that got diverted'
asciilifeform: see also oblig.
dulapbot: (trilema) 2017-06-08 a111: Logged on 2015-03-06 03:29 mircea_popescu: if you are one of the people buying belgian rubber concessions on the stock exchanges, you make money. if you're in africa, you make quick with the hands and feet.
asciilifeform: err, there
dulapbot: (trilema) 2015-03-05 mircea_popescu: if you are one of the people buying belgian rubber concessions on the stock exchanges, you make money. if you're in africa, you make quick with the hands and feet.
billymg[asciilifeform]: http://logs.bitdash.io/pest/2023-10-12#1030977 << right, fully aware of actual motivation behind 'flood white nations with orcs'
bitbot[asciilifeform]: Logged on 2023-10-12 15:15:08 asciilifeform[jonsykkel|signpost|billymg]: i.e. forced mistake.
awt_akris[asciilifeform]: I don't think there have every been very many white people, relatively speaking - except maybe in 1800s. Will always be outnumbered everywhere.
billymg[asciilifeform]: handcranked scoopbot: http://billymg.com/2023/10/civilizational-immunity-to-globalism/ -- and thanks for the rec asciilifeform
billymg[asciilifeform]: awt: perhaps "liberal nations" would have been a better label
billymg[asciilifeform]: in the sense of, can work hard -> keep what you earn (or at least most of it) -> eventually not work (so much) or your children not work (so much) vs. slavery
bitbot[asciilifeform]: (asciilifeform) 2021-11-17 asciilifeform: seems like current (i.e. post- Great Theft) situation is a return to the ancient norm, as intended by the lizards, where 'you work a day, and what do you get? anuther day older and deeper in debt'(tm)(r)
dulapbot: (asciilifeform) 2021-07-13 asciilifeform: mats: it doesn't seem like we disagree re 'what' is happening. but possibly disagree in pov. per asciilifeform , what it all is -- is a massive theft.