Let's all go after Bill Gates with pitchforks not your local landlord.
I'm sympathetic to the conflict against landlords, land seems to be a more limited necessary good unlike others which has led some people to unique views of it like geolibertarianism
but it's more the problem is all kinds of regulations are pushing up rent costs, and preventing people from making a comfy income to pay for them, than that the landlord system needs to be abolished.
goldenballs@wolfballs.com 1 year ago
As China, Japan and other export-driven Oriental economies sell off the US Treasuries and other foreign debt they own to try and control their own interest rates, this is driving 10-year yield up, and forcing US, EU, UK, ANZAC base rates up, which will accelerate the stockmarket crash, whilst mitigating inflation a bit. Mass lay-offs are coming, mass mortgage and other debt defaults threaten, and you're looking at bank collapses and food riots at supermarkets.
China's housing market collapse is accelerating, bringing down stablecoins, and most of the shitcoins, as well as threatening to drag bitcoin down to sub-10,000. There's a tipping point shown in experiments where you need at least 7 people to rush out of a cinema of 100 all at once, to trigger a rush for the door. There's so much debt in the world, much of it in dollars that are generated from the UK, not the US, that the dollar is in demand to pay it off, making it stronger, whixh makes imports cheaper, but exports more expensive, affecting jobs and businesses in the US.
masterofballs@wolfballs.com 1 year ago
Sounds bad