RoidingOldMan
@RoidingOldMan@lemmy.world
- Comment on how much money is there in total? 1 week ago:
In this example the bank started with $1 million total. Loaned out $10 million. If the guy paid back $10 mil, the bank would have 10x their starting money.
- Comment on how much money is there in total? 1 week ago:
I may have beaten you to it by like 1 minute.
- Comment on how much money is there in total? 1 week ago:
Nobody manages money supply vs inflation
It’s managed via interest rates, which to a degree are controlled by the world bank.
- Comment on how much money is there in total? 1 week ago:
Fractional reserve banking. You’re assuming a 1:1 ratio of debt to assets. That’s not the case at all. A bank can have $1 mil on hand and lend out $10 mil plus, as long as they have a high enough percentage available for withdrawals.
Banks have an infinite money cheat code. In a way. If person gets a loan from a bank, $10 million, which requires the bank to have $1 million on hand. That person then uses the $10 million to pay people. If those people then go… put their money in the bank… The bank now has the same $11 million on hand they started with, a guy who owes them $10 million plus interest, and could now theoretically loan out another $9 million to another person. At that point they’d have $2 million on hand, 2 guys who owe them $19 million. Still within their 10% cash reserves. But wait… one more thing. I was assuming a 10% reserve as a rule. But in same cases they don’t even require banks to keep any specific percentage on hand. So the debt to assets ratio could become even more insane.
- Comment on EXCLUSIVE: ‘Phantom employees' scandal spurs GOP crackdown on $36B incentive for companies to bypass Americans 2 weeks ago:
It will be credible the moment I see some evidence, and not a statement from the DOJ or ICE alleging “fraud” and that’s the entire source. Because I’ve seen them lie too many times to trust them now.
- Comment on EXCLUSIVE: ‘Phantom employees' scandal spurs GOP crackdown on $36B incentive for companies to bypass Americans 2 weeks ago:
The DOJ bringing charges is not evidence. These are Trump’s mouthpieces making big statements, and notably have provided zero or next to zero evidence.
- Comment on EXCLUSIVE: ‘Phantom employees' scandal spurs GOP crackdown on $36B incentive for companies to bypass Americans 2 weeks ago:
I’m skeptical. Last time they claimed there was daycare fraud with zero evidence. Is this one real?
- Comment on If you (a regular American citizen) had actionable, insider knowledge about the US Federal Government/Military and felt the public should know, how would you tell everyone? 1 month ago:
dailymotion is a good youtube alternative.
- Comment on What are some drugs you think will make a comeback like qualewds or thai sticks or window pane? Does history always repeats itself apply to drugs? 1 month ago:
Ether and laughing gas. Opium?
- Comment on THE MIAMI HEAT HAVE BEEN ELIMINATED FROM CHAMPIONSHIP CONTENTION 1 month ago:
Fun fact: The Miami Heat retired the jersey of a player who never played for them.
Michael Jordan. Apparently thinking the number 23 might be retired league wide.
- Comment on The Judge in the #Afroman case actually scolded the jurors for their verdict/ 1 month ago:
I hate vertical filmed shorts.
- Comment on What's your favorite Steve Wood role? 2 months ago:
The Reservoir of the Dogs
- Comment on The Chicken of Hormuz 2 months ago:
“It will be an easy Military Operation for them”
- Comment on Are there any story ripoffs that are actually good? 2 months ago:
Another example of the ‘gone native’ plot line in the wake of Dances With Wolves. Pocahontas had the advantage of Dances With Wolves coming out first. So it smoothed some of those edges. s/ Maybe it’s more based on Pocahontas than the Best Picture winner /s.
- Comment on Are there any story ripoffs that are actually good? 2 months ago:
But in Vietnam.
- Comment on Are there any story ripoffs that are actually good? 2 months ago:
There was a YouTube trend of making Avatar trailers with the audio but then using the graphics for movies like Fern Gully and Atlantis: The Lost Empire (2001).
- Comment on Are there any story ripoffs that are actually good? 2 months ago:
Ad Astra (2019) is Apocalypse Now (1979) but in space.
Avatar (2009) is Dances with Wolves (1990) but in space.
- Comment on Could my daughter, who is a lawyer, defend my son’s girlfriend, who killed my cousin’s family in a DUI accident? 2 months ago:
Is there any chance the daughter would be on the witness list or be deposed? Because I think that’s the line where it would stop making any sense. A judge isn’t gonna want one of the lawyers on the witness list, because then do they cross examine themselves? It would require a 2nd lawyer for at least those parts.
- Comment on How do Superheroes or villians get their suits on is there like a magical zipper or something? Or how do they do it? 2 months ago:
The Flash keeps his suit inside his ring. Clark Kent wears the Superman outfit underneath. Batman is night time only. Wonder Woman has an invisible airplane to change in if she needs to, but mostly she just dresses like that.
- Comment on Is it actually healthy for people to have a place to confess things anonymously? 2 months ago:
There is a conflict still. First, you want unfiltered confession meaning no moderation. But then you don’t want it to become a safe space for criminals, which would require moderating. If you don’t moderate the content, it’ll quickly take on a life of its own and that won’t be the helpful thing you’re imagining.
- Comment on Is it actually healthy for people to have a place to confess things anonymously? 2 months ago:
There are so many ways for this to become incredibly toxic and unhelpful, my first thought is it could become a support group for all types criminals/abusers to share tips and tricks anonymously.
At least the Catholics and therapists have someone there trying to steer things in a helpful direction. Like maybe you could tweak this idea to anonymous therapy rather than anonymous confession, and then people could view people going through therapy online and maybe find helpful tips for their own lives.
- Comment on Is it actually healthy for people to have a place to confess things anonymously? 2 months ago:
If a room becomes toxic, people simply stop entering it.
How would this have stopped 4chan? People still go to those toxic message boards.
- Comment on Is it actually healthy for people to have a place to confess things anonymously? 2 months ago:
What would stop it from becoming 4chan?
- Comment on Is it actually healthy for people to have a place to confess things anonymously? 2 months ago:
The Catholics have had that for thousands of years. So maybe there is something to it.
- Comment on Why are public school teachers so underpaid in the US? 2 months ago:
- Comment on 18-26 year olds, How do you plan to dodge the draft? 2 months ago:
I’m not disagreeing with any of that. But I feel like the hard line for me is if he’s officially running for a 3rd term. That would be the only line left to cross.
- Comment on 18-26 year olds, How do you plan to dodge the draft? 2 months ago:
The last several wars didn’t have a draft.
- Comment on [deleted] 2 months ago:
There’s always a chance someone screenshots the page before you delete or edit, but seems like doing both steps improves the chances of it being fully inaccessible later.
- Comment on [deleted] 2 months ago:
Not sure if it really deletes it more completely, but first edit your post and replace it with a period and THEN delete.
- Comment on Subtitling a video, what is this sound called? 2 months ago:
It’s something played backwards.