🤣
I'm not here to amuse you. If you don't find something interesting then just move on. Nobody cares what you you choose to watch or not, and the world doesn't revolve around you. Work on your narcissism.
especially now that gas prices are about to go through the roof
Yeah, I have one on lemmy.ml and one on lemmygrad.ml cause I made them before federation was a thing.
Some of us actually want to understand things below superficial level I guess. 🤷
the depressing part is that /s is actually needed
They lost control of the narrative eventually there, but not from the very start. And it's not like Vietnamese were able to put their own message out at the time.
The US is stuck in a war it cannot win, and Trump doesn't have a good way out.
Of course, but it works in the interest of the oligarchs, so here we are.
when you put it that way it makes a lot of sense
The key context is how the system actually works though. The government doesn’t just print cash and hand it out. Typically, they issue Treasury bonds instead with the understanding that the government will pay back later with interest. These bonds are then bought up by pension funds, foreign governments, big financial institutions, etc.
When the government prints too much money or issues too many bonds, the bond holders start getting awful nervous about their investment. They wonder if the dollars they get back in ten years will be worth the paper they’re printed on. So they demand a higher yield to cover the risk. It’s not unlike a credit card company jacking up your rate when you miss a payment.
Rising bond yields, in turn, make the government’s interest payments go up. Bigger and bigger checks need to be paid to the people who lent the money, which reduces the operational budget. Today, that sum is sitting at something like a trillion dollars a year. It’s money that’s just flowing out of the treasury and straight into the accounts of bondholders.
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bye princess