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@schnurrito@discuss.tchncs.de

California legitimately has some of the worst laws of any state. I really struggle to see what exactly is supposed to be progressive about it.

@cecilkorik@lemmy.ca

They are both working towards the same goals, they just oppress us from different angles. Like Dems take your guns, then Republicans come take away abortions, now it's a lot harder to fight back since dems took tge guns... Thats just one example, every issue they pick up ends up with a similar back and forth where they amplify each others work.

@Lana I mean its sort of a combination, where #1 (but more broadly applying to toxic public officials) is allowing for #2 to be done.

@MostlyHarmless If they stop paying us, money stops circulating completely, which means every last industry will stagnate. These sillicon valley guys are a lot dumber than everybody seems to think they are.

@Reinald The end of money circulation means the end of the world economy, at which point their money in all it's forms will be unspendable and thus provide no value. Why would they work so hard to make billions of dollars if they don't intend to be able to spend it? @schrotthaufen @jottgeh @MostlyHarmless

@Reinald The point is... And you can see this happening in real time. As stocks approach Infinity, the petro-dollar approaches 0. There are a few reasons for this, but the important part is that they have created hyper-inflation to such a degree it is threatening to completely collapse the dollar. If the dollar collapses, then those stocks also become worthless since the thing they trade against is now worthless. Nobody will want either dollars or stocks, so it won't buy them anything...

@Reinald One of the basic ways they tradionally have dealt with these situations is by lowering interest rates to make money more available, but that creates more inflation, so I would say the fed is out of viable ways to deal with this issue. Also the US government is no longer seen as a reliable borrower anymore, so it's likely that interest rates are going to have to go higher to account for how risky it is to lend money to the us through the bond market.

@Reinald In a healthy market you would see when the interest rate goes up, debt gets scarcer and money dries up, making it more valuable, thus deflating things in relation to that, but thats not what we are seeing right now. They raised the rates, but the dollar keeps going down and inflation keeps going up due in large part to political problems that are breaking what the fed views as the laws of capitalism. That is decoupling stock value from the petro-dollar...

@Reinald It's basically a runaway nuclear winter type of effect, but with money. It keeps snowballing in value, but eventually it chokes off the inputs and kills the entire economy... At that point, nothing they have will be fungible. Why would you give somebody your food for example, in exchange for paper money that has no social value? Or stocks that have done so well they decoupled themselves from anything with real value? You wouldn't. That would be terrible for your survival.

@CoolerPseudonym Because it's fake.