Comment on Not FC but probably true
iamtanmay@wolfballs.com 2 years agoTransfer to hard assets. Balanced portfolio has hard assets, esp during uncertainity. I put my savings in housing, my gf into Gold and a stock portfolio. We keep liquidity of a few thousand $ in fiat. I don't trust fiat very much.
Urban India was woke decades ago. Women are "goddess", and have celebrations for them. In rural areas this is balanced by sons inheriting land etc and earning much more. In cities, women make more than men generally. My cousin sister got a guy fired, because he sent her 1 drunk sext, and then apologised. She was going to get him arrested. Accusation from a woman is enough for months or years in prison. Courts are backed up, and will always believe women over men. FWIW, when she did that, I broke all ties with her. Its disgusting that women behave this way, supported by White Knights that India is filled with.
goldenballs@wolfballs.com 2 years ago
That doesn"t change the reality that we live in creditist economies not capitalist ones. You are only a capitalist if you never deal in loans, and only in capital assets.
What you describe in india is not woke culture, that's something else. In the west we have the farce of men dressing up and achieving victories for women.
iamtanmay@wolfballs.com 2 years ago
I don't see how that kind of credit is controversial. I only use it as investment from my mortgage. No one is forced to use it. I thought you were talking about credit card or student loan kind of debt, where people spend irresponsibly and then can't pay it back and become interest slaves.
Indian trannies are not controversial. I grew up seeing them in everyday life, ~0.01% of the populace. They don't have narcissistic neo-trannies like the West ~5% who create new genders on TikTok. Indian trannies are natural born and live ordinarily. Some are street performers, but most don't draw attention.
goldenballs@wolfballs.com 2 years ago
Yes, there are discrete pockets pf trannies in the developing world. Though arguably the smaller bodies and hips of SEAsians make them the most convincing.
I've walked past a 6'6" white idiot with a wig on and a miniskirt in the middle of the day in central Bangkok and wondered... Who is he trying to kid? Likely himself.
My point on money is a little different. Many people think we live in a capitalist economy, but we haven't for years. In a capitalist economy, you save up capital, and you spend capital. Gold, silver, and hard assets are capital. In a creditist economy, you use credit notes, called fiat currency, which are created out of thin air, as loans againsy the future. The transition from capitalism to creditism starts when goldsmiths start issuing credit notes for hard assets, and evolve into banks, then bonds, tgen credit cards, and then eventually as governments seek to spend money they don't have on furthering political agendas (e.g.: Nixon's cold war; China's recent expansion), the link to hard assets is gone, and all that's left is government promises to pay imaginary stored value in the future, e.g.: junk bonds; or corporate promises to pay dividends on non-existent earnings in the future, e.g.: bubbletech shares. All the while debasing value away, and manipulating the nominal prices of hard assets to the advantage of themselves and their corrupt clients.
By all means, get land deeds, and hope they are honoured, store precious metals somewhere, and hope you can access it. As we approach the cliff edge denouement of this global creditism experiment, its difficult to say what contracts will hold true. We may all be forced back to first principles.
iamtanmay@wolfballs.com 2 years ago
They are not like Ladyboys in Thai. Indian trannies are huge, the size of big men, with the faces of big men, but they dress and behave like women. Its going to freak foreigners out, but Indians are used to it. They don't wear wigs, they were trannies from birth and have natural long hair.
I see what you mean by crediticism. You mean Fiat and abstract "paper" assets. But Fiat and Credit are much older brothers of Capitalism. Ancient Egypt had Fiat and not just gold/grain. Rome had Credit, but not Fiat, using gold coins. Rome fell, Christianity grew. The Church banned "usury" or interest rates .... then the Jews came in, lol. Because they were not committing the "sin" of usury like Christians, they started making Abstract assets. They made futures, derivatives, high risk loans, insurance, you name it. They were trading Debt. Christian traders invented "loan insurance" to get around the usury/interest ban.
State sponsored Mercantilism came first. Then, the Industrial revolution created Capitalism of today with free markets. That happened in 1800s.
Historically, there was no capitalism without credit or abstract assets. I am trying to imagine such a system, but it doesn't seem like a "free market", because you would have to put many many restrictions to force people to act with physical assets and not fiat/credit.