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Cake day: April 29th, 2025

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  • What if I’m against immigration due to a housing bubble that is destroying the poor and dramatically increasing price to income ratios, am I a racist or a saint?

    I think anyone with a brain can see that in many countries mass immigration is being used to depress wages and invert the phillips curve after QE, or to prop up GDP to avoid a technical recession in favor of a per-capita recession, which is for some reason not defined or acknowledged. It also clearly hurts the poor and benefits the rich via asset price inflation and higher rental income.


  • China produces the bulk of rare earths the US uses for things like military production, which puts the US as dependent on China as Canada is dependent on the US. The reality is absurd no matter which way things go.

    Europe is doing carbon border adjustments to attempt to do something similar if I’m not mistaken, though its still early stages.


  • The reason Trumps idea appeals to people for those unaware is that free trade destroyed a lot of union jobs, which were outsourced to emerging markets. After the industrial revolution unions fought for worker rights and salaries, and they were then shipped away to places that didnt have those rights, and they want to see a reversal of this.

    Not sure if its right or wrong, but you cant fault them for holding out hope, its actually a left wing ideal I would say, large government protectionism interfering in the free market. Saying that all factory jobs are bad is a silly retort, there are many factory jobs in the US already that people are happy to have; even ASML making advanced semiconductor fabs is a “factory job”.



  • The theory is they’re drumming up a crisis in order to get Quebec to agree to pipelines. Its not about actually separating.

    Fixing that fork in the road created with 1961 National Oil Policy, that then brought up huge amounts of pain in the 70s and 80s, which basically flipped the table leading to nationalization attempts and the inevitable failure of the national energy policy.





  • toastmeister@lemmy.catome_irl@lemmy.worldme_irl
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    8 hours ago

    They misattribute monetary policy that bids up home and asset values using cheap debt and facilitates massive bailouts with federal government policy. The CPI doesnt include asset prices so cheap debt can flood into asset prices without slowing down the devaluation of their salary, it also does subjective inflation deductions to goods based on perceived quality changes, and excludes much of the shrinkflation thats happens to goods and service quality.

    Something as basic like getting support for a flight is now talking to a chatbot with perpetually larger than expected call volume, you pay extra for seating, you pay extra for baggage; and your seat is so small now you also may as well be standing. Free range chickens used to just be called chicken, and eggs could be eaten uncooked since they werent swimming in ecoli, but according to the CPI you’re significantly better off now; so the nominal value of a boomers house is now worth significantly more due to all this perceived wealth.