when do we think pharmaceutical companies will roll out weekly or daily covid boosters?
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Is everybody just ignoring the email he sent to sam shoemate and instead going to trust the corporate owned msm reporting on this?
If he really was a right wing extremist then why would he detonate explosives outside of a trump building and cause property damage to one of the rights most symbolic moron leaders? Something doesnt add up in the mainstream narrative ,
I would love to see consumer hybrid conversion kits or even hydrogen induction tech conversion kits that are fat better than the Jerry rigged ones some youtube content creators rig up with tubing and mason jars. But those in control of the means of production are throwing wrenches into the gears of innovation to maintain their continual growth at the expense of future generations.
Lifepo batteries are an awesome tech, 15 years ago no one would have imagined them powering impact wrenches that are stronger than traditional pneumatics but here we are. However people are improperly storing them and its leading to house fires not to mention all the cars space karen has produced that have combusted and locked people inside the vehicle while they roast to death unable to open the door manually because the door handles are made out of metal and burn you when you try to open them. Ans the fact thst lithium chemical fires need dozens of times more water to smother in the best of situations. There have been wreched teslas completely submerged in water tanks thst have reignited 2 or 3 times before being completely stifled and rendered safe to dispose of. Its a fucking mess. But they sure do accelerate very well.
I was saying its fluctuation based on supply and demand changes is limited. That 7500% is primarily If not all driven by money printing madness and the subsequent increase in circulating currency supply. Nine of it was because the demand for gold increased or we figured out new technological chemical or industrial applications for gold.
Now do you get what i meant by that?
In 1985 gold was $400 Im pretty sure people were not spending $90 at a trip to the grocery store in 1985. More like 30-50 also when did the us begin heavily subsidizing the dairy and corn industry? How much of the food supply today is just repackaged processed corn? At least a quarter if not a third of the whole grocery store.
Gold is the best example of absolute value, its not perfect for but its better than any other commodity. An ounce of gold at any time in history gets you a months rent in a 2 bedroom apartment in a decent part of town.
Now compare that graph to a graph of the circulating us money supply.
Your reading comprehension isnt too good is it?
Also if we found a large amount of gold the price would go down, but by all accounts the price of gold has increased 7500% in the last 53 years
You see that first spike right at 1980, what happened from 1979 to 1981? The us mint ramped up money printing and by 1981 the usa had printed its first one trillion dollars into circulation and now we print one trillion every 3-4 months. Thanks for proving my point with data though.
The value of gold fluctuates but in a limited capacity and the biggest driver of that fluctuation is the overprinting of currency. Even during the gold rush the price of gold held constant.
Gold has always been valued because of its properties and the applications it has in industry, chemistry and technological innovation
Im not anti ev or anti Lifepo batteries, i love my lithium iron phosphate batteries. They make my impact wrench hammer off tough fasteners without having to fuck my back up. Im just pro reality and the reality is there is a serious bottleneck of lithium production.
But anyone saying we will be able to increase the lithium mining supply 10 times what it is now is selling you a bridge over the straight of Gibraltar. And maybe that bridge will eventually come but were talking about building that bridge over and over and over and over. Society also needs to stop treating vehicles like they are a disposable consumer good and sending them to scrap yards after a decade or less of use. These are realities of the market. Tell me how we are going to increase lithium mining ten times what it is now in a safe and efficient way. There is currently only one lithium mine being built in nevada but there is heavy pushback from state legislature to open up any other lithium deposits in the US but even if we did i don’t see lithium mining producing enough cheap lithium to boost ev production past triple what it currently is.
I am not saying we don’t need to transition away from ICE. But also we could have had ice vehicles continue to operate in our society for another 5 centuries if big industries weren’t polluting the environment to maintain the production of mostly useless consumer goods that end up in landfills within 6 months of their purchase. All these plastic petro chemicals littering our oceans our coastlines and every where else. Society needs to prioritize what it deems valuable and instead of doing that weve allowed a few greedy sociopaths go prioritize continual growth, profit and shareholder value over the good of society itself.But ill be here with popcorn watching and waiting for lifepo batteries to increase in production 1000% (and this doesn’t even count the needed increase for larger industrial power tools that currently struggle to run on anything but gasoline like railway and industrial impact wrenches that are sk large and heavy they need a crane to support their weight during operation.
Nothing will devalue gold. Gold is not merely valuable because it is rare but because of its properties and usefulness in technological and industrial applications.
People dig in the right place and find gold all the time but the amount of gold to offset the amount that already exists and reduce its value by any significant amount would have to be astronomical. Unless a meteor that contains ten times the amount of gold that we have dug out of the earth crashes into the ocean we wont se any significant reduction in gold value.
As far as sea water gold extraction now you sound like that dude that got laughed out of shark tank for wanting to nuke the ocean and manufacture artificial hurricanes to extract gold from seawater. Lulz
Anything can be fixed on your own if you have the aptitude. But i can imagine dropping a battery pack that weighs whag a regular economy sedan weighs will be tough for even the most competent diy people. Ive swapped a few engines and honestly i would rather not fix a tesla. Im good with a toyota hybrid.
People thinking were going to het rid of ice vehicles and transition to a market that is compromised of a majority lithium based batteries are smoking some good shit. Firstly i think the amount of electric vehicles sold in 2022 was about 10 million while the amount of cars sold in total was about 80 million. So 12.5% of the new car market. Meanwhile were already reaching a bottleneck of lithium supply which is not great for the environment and super exploitative to third world people and economies. So we need to increase the lithium battery production capacity by at least 1000% and this doesn’t even account for the cordless power tools industry and all the other consumer goods needing lithium batteries. Americans and our world leaders are selling us a pipe dream that is induced on a fever dream of hope and wishful thinking. But it isn’t even that good in practice because have you seen these lithium battery fires? Requiring tens of thousands of gallons of water to extinguish? Its a fucking mess and the only real viable option is to make a breakthrough in solar technology. Or maybe cold fusion? Hibestly im not an expert so i don’t know. But i do know lithium batteries aint fuckin’ it.
$18,500,350 and you got yourself a deal!
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Many, many more.
Brain thompson may not have been a billionaire but he was still a member of the .1% wealthiest in our country. Given a decade more of hoarding wealth and insider trading he likely would have amassed another 957 million. And really people in his wealth bracket are notorious for lying about their actual wealth and hiding large amounts in offshore tax havens. So I wouldn’t doubt if he was closer to 1 billion than the $43 million he was allegedly worth
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Many, many more.
Please moar ceos dead
What did I say that wasnt true? The us dollar maintained strength for 172 years from 1799 till 1971 untill nixon shock led to the age of austerity we now face where 60% of working people live paycheck to paycheck with no emergency savings. If you cut out generations x and w then the percentage is higher. A majority of millennials and gen z will never own homes or have retirement savings. Forcing them to work till they are too sick to do so and have to rely on measly social Security payments if the program hasnt been gutted or privatized in 30-60 years from now.
And lets say hypothetically that the usa never ended the gold standard. the idea that there isnt enough gold to cover the amount of currency circulating isn't the issue. Unless something happens that destroys the trust in the us dollar there is no reason for people to demand their currency be exchanged for gold (or silver which is highly undervalued atm but ultimately not as valuable as a commodity in comparison to gold) the main factor that makes the gold standard not viable in modern times is billionaires hoarding wealth. When regular people were in control of the vast majority of the wealth share, in the times before the 1980’s the wealth held by regular working class people would recirculate into the economy. Whereas when multi millionaires and billionaires (people in the top 10-5% of the wealth distribution pyramid )hold wealth that wealth gets hoarded and hidden away and removed from the financial ecosystem which does not benefit markets or society as a whole. Before the 1980’s/1990’s the bottom 90% of people held 80% of the wealth but today that has reversed. The top 20% hold 73% of the wealth with the wealthier half holding 66% meanwhile the wealthiest 1% hold more wealth than the bottom half of our entire society.
There is no argument where ending the gold standard was a positive thing for americans. Since then we have seem hyper inflation. In the 40’s 50’s and 60’s one could buy a home for $5000. The median price was just under $8k and one cojld find a fixer upper for $2000-3000 but today the median price of a home is just under half a million dollars and even a dilapidated derelict crumbling structure in new england, thing anywhere within an hour or two of boston or new york is selling for $150,000 if you’re lucky. Buildable lots are going for $60-100k if you gk farther away from those metropolitan centers then you can find better deals on property but not by that much.
Fiat currencies are only worth anything because wealthy people have convinced us to believe them. But ultimately those currencies primarily derive their value from gold. In the case of the us dollar post 1971 the commodity backing a majority of the us dollar supply is petroleum and related petrochemicals which is a far inferior commodity to back currency. And the introduction of the us petro dollar didn't change the fact that the us dollar’s value is still intrinsically tied to gold and all currencies are. If you look at the exchange rates between any two currencies at any point in us history you’ll see that the value in exchange always adds up to the price of gold so i fail to see where or when another country’s currency would ever be able to get one up on another countrys economy and take advantage of their currency value and the price of gold.
Also we are already slipping as far as being the reserve currency of the world with so many countries joining BRICS and more will definitely be joining in the next few years. Many are speculating that these countries will develop their own currency which could potentially be block chain based sometime before the end of the decade. Couple all this with the way events are unfolding in the middle east and it seems easy to see that a large global conflict is looming right around the corner.
This is exactly why conservatives have strong armed the judicial branch to backtrack and erase the legal precedent of roe v wade. Its not about their moralist grandstanding. Wealthy people will still be able to safely and comfortably access reproductive health care but their goal is to force poor women/ couples to give birth to children who will be unwanted, unaffordable, and ultimately neglected or even abused living in poverty or becoming institutionalized which will put them at an even higher risk of neglect and abuse.
They know that many people are now refusing to work for the absolute garbage wages they have standardized across the US labor market. 54 years ago one adult working a full time minimum wage job could support a family of four with enough left over to save for retirement, their kids higher education and go on a modest yearly family vacation. Today however it takes both adults working 2 jobs at 80 hours a week with overtime at a base pay of at least $30/hour which is quadruple the federal and double my states minimum wage. Back in the year 1968 minimum wage of $1.60/hr with gold at $35/oz earned 95 ounces of gold annually at 40 hours a week employment. That would be $260,000 today. Even in 1950 (75¢/hr) it was 45 ounces($120,000) a year and 1956($1/hr)was 60 ounces ($160,000) and in the same time frame where minimum wage has lost 84-93% of its value corporate executive pay has ballooned from 30-60 times the median worker salary to 1000-5000 times that same metric today
There are several historical events that I believe show our government has been hijacked by wall street mili And prison industry profiteers who now control and ultimately own our representatives and had them intentionally devalue the US dollar to eradicate the progress made by the labor and civil rights movements in the 40’s 50’s and 60’s while they adequately adjusted their executive compensation to cover this massive theft of currency value. Since then corporate tax has gone from 72% to just 14% today and the tax for income above $200,000 up till Reagan was 91% and today its no different from the tax rates payed by working class people.
And these thieving fraudsters know that people with even a basic level of intellectual understanding are refusing to produce labor when it isn't worth their effort. More people now than ever are openly expressing dissatisfaction with the environment of labor and wealth distribution. So their solution is to force poor people to have children so they can reap the benefits by exploiting people who are so desperate they have no other option but to work for wages that don't incentivize the production of labor and lack any amount of dignity. This is the ultimate reality to the recent reversal of roe v wade by a corrupt court owned by fascist plutocratic oligarchs.
WAAAAAY more 5k back then was buy a house money. 5k back in the setting of the movie 1912-1934ish? Was ≈260 ounces of gold. So today that is $680,000 today which is definitely enough to afford a nice house.
We are given inflstiin stats using consumer price index as the main metric of measure but CPI is beyond inadequate primarily because it does not account for the devaluation of a currency due to the increase in circulating currency supply.
For 172 years the price of gold stayed constant only changing when fdr made it illegal to hoard more than a certain amount of gold, bought back all the gold, built fort knox to store it in and then after they were certain they had a majority of the support in the usa they revalued it from $19 to $35 so for the first 172 years after the Usa implemented a standard currency (the us dollar) gold only fluctuated ≈80% but since nixon ended the gold standard in 1971 the price of gold has ballooned 7500% to $2650 last time i checked. And this all corresponded perfectly with the amount of money printed into supply. After nixon pulled out of the bretton woods agreement in 8 years the price of gold had increased 2000% just under $800 and within a year of that spike the us printed the first trillion into circulation now we print one trillion every 3-4 months.
I could elaborate on why the value of money is intrinsically tied to the price of gold but it is an argument i make regularly and ill wait till the choir of people who trust the criminals of wall street who's business model is committing fraud, exploiting the poor and robbing the working class chimes in
But $5000 today is less than 1% of the gold $5000 was 90 years ago but despite that its still an impossible amount for most people to accumulate.
So this is how democracy dies, to thunderous applause