• 11 Posts
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Joined 1 year ago
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Cake day: July 4th, 2023

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  • Uh what? Of course he’s declined. He’s old, just like trump. Trump is also clearly not his former self, from 2016 or even 2020. They are old af and that’s not news.

    The difference is that Biden did occasionally answer the question, and his answers were pretty good. Trump barely stayed on topic, let alone made sense. After the debate I know more about what Biden wants to do and nothing about trump’s policies.

    For an undecided voter, Biden losing his train of thought or mumbling some words is not terrible because he always recovered on the next question. Trump started out ok but definitely ignored important questions (abortion, his criminal conviction, Ukraine, etc.). Biden said what he needed to and has room to improve in the next debate.


  • He had a decent performance. I understand more about his policies and called trump a felon and a fat loser. That’s what I wanted out of it. Trump literally could not answer half of the questions because he was still rambling about the previous question.

    Biden had a hoarse throat from a cold and a bit of a stutter but he turned on a dime when he was asked different questions. Both dudes are old af. The choice is: do you want senile grandpa who can’t answer the question or the guy who has a soft voice?

    Biden’s clearly still with it but slower, and trump is clearly still nuts, possibly moreso. I choose Biden because he’s the only one who occasionally says things that make sense.



  • Why are you focusing on Biden? At least he’s answering the questions. Trump can’t answer the correct question.

    He’s usually on the previous one. For one response Trump didn’t answer it at all and ended early. The moderator was like “uhh you have 80 seconds left”. That’s dementia. Biden’s hoarse throat is not.

    Edit: another one “uhh sir, the question was about addiction. You have 67 seconds left.”



  • That’s why I think trump will go down in the polls as we get closer to the election. The American public genuinely did want trump to shut up when Biden said that. I hope Biden tells him to shut up again at this debate with the muted mics. It would make him go nuts.

    Literally just say “I whooped your ass and I’ll do it again.” Trump would lose his mind. He never encounters people who say that to him. Everyone around him is a sycophant.



  • You think that high interest rates keep real estate prices high? That’s the opposite of what happens with high interest rates. People can’t afford to pay as much when interest rates are high (like they are now).

    I’m judging solely based on your comments. You are using big words incorrectly. You clearly don’t understand what you’re talking about if you think high interest rates keep real estate prices high. Also, your description of Japan’s economic problems are disjointed and confused, not correct.




  • It’s not a “failed model”. Japan has issues because banks committed fraud and disguised non-performing loans. There are strict rules in the US about when assets must be “marked to market”. Plus the US has a growing population because we let in immigrants, which supports a growing economy. We are not close to having problems like Japan.

    There are also many levers the Federal Reserve can pull to keep banks in check. As I said, they can raise and lower the reserve requirement and raise and lower the overnight lending rate. This can prevent banks from going nuts with lending, but obviously can’t prevent all asset bubbles. Sometimes people are just irrational.

    Frankly you seem to be using a bunch of big words and implying that they make a point. Using “ex nihilo” instead of “from nowhere” clinched it for me. Also, you spelled “keiretsu” wrong.


  • Yes, they still have it. It’s just not in cash.

    Fractional reserve banking works because most people don’t need all their money as soon as they get paid. Most businesses keep some money in the bank too. Banks have a required percent of deposits that they must keep on hand to allow these withdrawals. And if they run low on cash, they just borrow money for a day from other banks (literally just one day). The US government can adjust the percent of required reserves or the overnight lending rate to keep banks from lending too much money out.

    Banks use this money to loan to businesses or people buying houses. It works well because whenever the money is loaned out it is used for a purchase and just redeposited in another bank. A percentage of that money is retained by the bank and the rest is loaned out again. And again and again. This way money is “created” when people buy things in the economy.