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FuckyWucky [none/use name]

@ FuckyWucky @hexbear.net

Posts
80
Comments
827
Joined
3 yr. ago

Pro-stealing art without attribution

  • This is just like that GTA V heist

    fr doe I hope they get away.

  • Got a used Apple Watch 8, pretty good for heart rate tracking. The line going up and circles filling up does make me want to exercise.

  • Modi dies or goes to prison

    pls

  • U.S. recession, not like the 'mini' one.

    Dollar depreciates (but no de-dollarization).

    Third world countries continue to struggle economically, implementing further austerity and internal devaluation measures to try win export competitiveness.

  • technology @hexbear.net

    HONOR WIN RT Hands on & First Impression: 10,000mAh & Built-in Fan & 8 Elite!

  • Get calipers. It's how I made my own first part. A more compact case for a router. Fusion 360 isn't too difficult.

    It's kinda exhausting though ngl.

  • The central banks of India and the UAE set up a swap line, agreeing to exchange, say, a pile of rupees for a pile of dirhams. Then when an Indian refinery needs to buy UAE oil, it pays in rupees to its bank.

    Are the swap arrangements temporary or permanent (ie they have to swap back at later date with interest). Because if it's permanent it becomes more of a Net Transfer (a bit more complicated but it's similar) , and India would be able basically getting something by giving its own currency, what would UAE do with these Rupees? You might say invest in Indian Govt bonds, but then you get Rupees only. Maybe FDI/FPI, but when India and Russia were trying Rupee-Ruble arrangement in 2022, Russians were reluctant.

    On central banks buying gold, framing it as turning dollars into more dollars later is a wild misinterpretation of their motive. They're not day traders. They're risk managers. After watching the US freeze half of Russia's reserves, buying gold is about getting a real asset with no counterparty risk. It's de-dollarization 101 as opposed to some yield play.

    Sure

    First off, the whole bond yield thing. It's not that yields are magically pegged. When a central bank does QE, it's literally buying up its own debt in massive quantities, which artificially pushes the price up and the yield down. The value gets destroyed over time because that policy, if it goes on too long, invites inflation. Inflation eats the fixed coupon of the bond for breakfast. So the loss is real, either as a capital loss if you sell or as a silent erosion of purchasing power. The stable DXY lately is more about relative misery than dollar strength.

    Natural rate of interest is zero if the Government runs a deficit under floating exchange rates, Treasuries are an interest-bearing savings instrument provided by the Fed. Inflation depends on aggregate demand, not on whether numbers exist on computers somewhere.

    So the loss is real, either as a capital loss if you sell or as a silent erosion of purchasing power.

    If you hold Dollars, the only risk-free interest bearing asset is Treasuries (IOR exists too but only for certain institutions). If you are buying any other currency you are taking exchange rate risk instead of supposed inflation risk.

    The services surplus and those rock solid remittances bring in the real dollars year after year. Meanwhile capital flows are fickle money that's chasing yield, and it can reverse in a heartbeat when global risk sentiment shifts or the Fed hikes rates. That's a volatile source to depend on for funding something as essential as oil and electronics imports.

    That is true. But it doesn't change the part that any flows are better than no flows since it allows the country to run larger trade deficits than it would be able to without it.

  • bond yields are pegged, dxy is stable relatively. central banks mainly buy gold to turn dollars into more dollars later. India is only able to trade with Russia (or at the least net import) because it obtains UAE Dirhams, again by exchanging Dollars it has. The question is how India will be able to import as it does now without capital flows, services exports gone and remittances reduced. One way would be for China and others to transfer certain sums of Yuan to India's account (either for 'free' or in exchange for Rupees). That's what Americans do, they buy Rupee denominated assets, India exports electronic entries and paper which shows up under capital/financial account which finances India's trade deficit with China and oil exporting countries. Without non-trade components, trade is reduced to barter-like arrangement.

    Sources and Uses method can be a good way of looking at it. India's source of foreign currencies include mainly: Services surplus (IT exports), Net Capital Flows (Financial and Capital Account), Net Transfers (mainly remittances from abroad), Draw upon reserves (they do it when exchange rate is under pressure). It uses these sources to pay for Goods Imports (oil, electronics etc from China, Gulf, Russia etc), Accumulate Reserves (i.e. reserves increase), Net Income (dividends, interest paid on domestic shares which go abroad).

  • The question then remains how will they earn whatever foreign currency they need to import?

    India has one reliable source of foreign currencies, remittances from Gulf and the West. The other half is net capital flows. India's trade deficit with China exists because of these. There is also very vulnerable services exports (which India has a surplus with the US) which will decline if India tries decoupling further pushing down imports and all.

    There are a lot of hopefuls in that, Trump tariffs have been devastating for the economy, yet the Government instead of decoupling and trying to improve domestic demand, doubled down on internal devaluation instead. Will that characteristic change? Maybe depending on the pressure the US puts on capitalist profits.

  • I don't think so. The present regime is captured by oligarchs who have financial interests in the US. All the Indian bureaucrats and ministers have their children studying in the US.

    The last point I made wrt labor laws is also related since India was doing it because of Trump tariffs, the strategy is to reduce labor costs so capitalists earn more profits and India get to export and receive capital flows (from the US).

  • India is getting nowhere. It has a top 10% who are the consumer base and rest extremely poor (much worse inequality than China or the US). Real wages even among the salaried have been stuck since like 2010.

    More recently, they weakened labor laws and ended rural job guarantee with zero consultation so as to please international capital.

  • nope, just a

    . i think there is definitely a funny aspect to making a real cover out of an AI slop song.

  • Market planning and allocation of real resources at its best. Those with most $ (acquired from the Government and bank credit) get all the real resources.

  • Thing about gold is it's not that far off from stuff like Bitcoin except for the floor value it has, not many gold for gold sake, they buy it to turn money into more money, including central banks (though some also care about sanctions risk but underlying reasoning is the same).

  • Buy Government securities (directly or through ETFs/MFs) instead of equity and private debt. That's what i do with my involuntary savings.

  • Ministry of Information Technology

    Games could come under Arts or Culture.

  • music @hexbear.net

    Lovely sad 24gh original video

  • use docker

    that said, i've used leaseweb dedis in the past and never had any trouble with public torrents. Maybe try seedhost.eu (they use leaseweb) or feralhosting.com (own ASN and all, unlimited traffic)

  • AirVPN is fine, make sure to bind the interface, there are docker containers which prevent leakage too, you can then host a home seedbox.

  • rebrand it as 'electrolytes'

  • Chapotraphouse @hexbear.net

    The Fed Lowered Rates Again. Is It Really a Surprise?

    www.levyinstitute.org /publications/the-fed-lowered-rates-again-is-it-really-a-surprise/
  • Chapotraphouse @hexbear.net

    ‘The gap is widening’: inside Donald Trump’s K-shaped economy

    www.ft.com /content/49274d50-d781-45d5-a4cd-9ab00986d033
  • Chapotraphouse @hexbear.net

    The World Bank Miracle: How to Show Rising Poverty as Declining

    peoplesdemocracy.in /2025/1221_pd/world-bank-miracle-how-show-rising-poverty-declining
  • Chapotraphouse @hexbear.net

    Trump’s “best is yet to come” and the data reality are diverging – for the worse!

    billmitchell.org /blog/
  • Chapotraphouse @hexbear.net

    British Labour’s obsession with fiscal rules is untenable and ignores the reality of the situation

    billmitchell.org /blog/
  • memes @hexbear.net

    Aint no way

  • Chapotraphouse @hexbear.net

    Apropos “Western Civilisation”

    peoplesdemocracy.in /2025/1130_pd/apropos-%E2%80%9Cwestern-civilisation%E2%80%9D
  • Chapotraphouse @hexbear.net

    Even with Infinite Time, We Can’t Run Out of QR Codes

  • Chapotraphouse @hexbear.net

    Repurposed a Nazi Factory Site to Make TNT to Drop on Gaza

    www.dropsitenews.com /p/polish-company-nitro-chem-tnt-us-mk-80-israel-gaza-nazis
  • Chapotraphouse @hexbear.net

    Indonesia: The Burn Method

    www.northsouthnotes.org /p/the-burn-method
  • Chapotraphouse @hexbear.net

    Upper East Side Moms Are Melting Down Over Mamdani

    www.thecut.com /article/moms-of-the-upper-east-side-facebook-meltdown-mamdani.html
  • music @hexbear.net

    Heaven and Hell AKA Super Hyper Can Can

  • videos @hexbear.net

    This is America but it's actually Doraemon

  • videos @hexbear.net

    Peent Peent

  • Slop. @hexbear.net

    Mao's 'propaganda'

  • Chapotraphouse @hexbear.net

    Argentina entering the usual doom loop that austerity inevitably creates

    billmitchell.org /blog/
  • Chapotraphouse @hexbear.net

    How Modi and RSS Are Fuelling Nepal’s Constitution Crisis

    frontline.thehindu.com /world-affairs/nepal-constitution-crisis-army-rss-modi-democracy-sushila-karki-genz-protest/article70096381.ece
  • Chapotraphouse @hexbear.net

    "We should replace oxygen with swag."