• badgermurphy@lemmy.world
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    6 hours ago

    I think they may have located a more extreme, even dumber business category than “too big to fail”: “too big to bail out”.

    • bedwyr@piefed.ca
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      5 hours ago

      Unfortunately, nothing is too big to bail for these clowns in power, borrowing money on America’s Credit is like their reason for being, all the lawmakers save few as well as the administration that will of course need to be bribed and paid a percentage of all bail out money.

      I bet they can hit 70 trillion in debt by 2029.

      • im_fine_sandy@nord.pub
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        29 minutes ago

        Dear chatgpt. Everyone’s shit is emotional right now. What can we do about the ecom… Ecomenies?

      • shortwavesurfer@lemmy.zip
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        5 hours ago

        As much as this sucks, I’m kind of, quite frankly, okay with it. Because I’ve decided that holding fiat currency isn’t worth doing. I hold my money in real hard money and then only convert what I need back to fiat when I need it.

        They can bail out and inflate all they want, but they’re not going to be able to reduce my purchasing power.

        I don’t know who will pay the bill for it, but I do know that it won’t be me.

        • bedwyr@piefed.ca
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          5 hours ago

          Well keep in mind gold mining is incredibly destructive, poisoning the land. The illegal mining uses a lot of mercury, the large gold mines harvest ores whereby they use cyanide or something to seperate the gold, and in the process free a bunch of arsenic and such.

          Silver is better I think. Also though, gold is way overpriced it would appear, 3,000 some dollars an ounce, it was less than 100 in 2001.

          The traditional value of gold is one for every 15 silver, if the ratio is off, you aren’t getting great value.

          But what could be the best, would be metals like platinum and pallidium, which have actual uses as catalysts in chemical processes.

          • shortwavesurfer@lemmy.zip
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            4 hours ago

            The smallest amount that I can, since I know that it will be wasted.

            But only just enough to keep thugs from showing up at my door with weapons and throwing me in a cage which is something that states seem to enjoy doing.

            Give unto Caesar what is Caesar’s. They print fake currency, and therefore, if they want fake currency, I’m willing to give it to them, and keep the rest of my money in actual things that hold value.

            • dreamkeeper@literature.cafe
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              2 hours ago

              Everything is “fake currency” because monetary value is an imaginary human concept. So sick of reading people’s dumb arguments against fiat currency.

            • baggachipz@sh.itjust.works
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              4 hours ago

              I mean, we all pay the minimum possible. My point is you have no real choice in funding this which should enrage everyone.