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6 minutes ago•••
The robots found my gee emms and are farming hard.
Makes the experience way less enjoyable. Rather a few authentic responses than a bunch of fakes.
Gonna have to WoT and prob clean my follows or something. In the meantime I’m off the train.
Zapping gee emm is the only way. I will continue to do so on legit accounts who fight on.
43 minutes ago•••
guys I tried to do a back bend and it did not go well for me
1 hour ago•••
Part of why dudes are drawn to video games is the pristine, untamed natural landscapes in which they inhabit. https://m.primal.net/PVxO.mov
3 hours ago•••
GM good people. Heads high
3 hours ago•••
GOOD MORNING RELAY RIDERS! ☀️
7 hours ago•••
GM to all who celebrate! 🎉
8 hours ago•••
Take statins after you’re 50 – it saves the government paying you a pension
From David Icke
Thousands of heart attacks and strokes could be prevented by offering people over 50 a daily pill, experts say. Currently the NHS provides a health check for those in this age group every five years – but this system could now be replaced. A single ‘polypill’ has been found to slash the number of heart […]
Mar 6th 2025 4:44am EST
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8 hours ago•••
Trump planning to scrap Education Department – WSJ
From RT
“Unaccountable” bureaucrats managing educational programs have “failed our children,” a draft executive order reportedly reads US President Donald Trump is expected to sign an executive order aimed at dismantling the Department of Education, the Wall Street Journal reported on Wednesday, citing sources familiar with the matter. The move, which is part of the Trump administration’s […]
Mar 6th 2025 4:25am EST
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16 hours ago•••
Tired of hearing about “history rhymes” comparisons of the US to the Roman Empire.
We’ve got shitcoins, drones, AI, rockets, quantum computers… you name it. There’s no rhyming anything- there’s barely a dictionary for this insanity.
Hodl on to your nuts.
16 hours ago•••
Yeah there’s no way these were all legit
27 hours ago•••
GM fellow journeyers
45 hours ago•••
TIL that for almost 500 years, trusts were limited to 21 years of life past the death of the creator
…until the 1970’s of course
46 hours ago•••
Nuance regarding Bretton Woods / Eurodollars most people don’t realize, from https://www.yesigiveafig.com/:
The Gold vs. Commodities Dynamic: When the Bretton Woods system was still in place, the U.S. dollar was pegged to gold at a fixed rate of $35 per ounce. Other commodities, like oil, wheat, and copper, were priced in dollars but were not directly pegged to gold.
When you observe gold prices rising rapidly compared to other commodities, it indicates that gold was becoming scarcer relative to the U.S. dollar, while other commodities remained more plentiful or stable in their dollar pricing. This phenomenon aligns with the idea of a relative shortage of gold versus non-gold commodities in the dollar-denominated world.
Gold Price vs. Commodity Prices:
Rising Gold Prices: The rising price of gold compared to other commodities suggests that market participants were increasingly skeptical about the U.S.'s ability to maintain the gold convertibility of the dollar. As a hedge, they preferred to hold gold over dollars, driving up gold’s value.
Stable Commodity Prices: Meanwhile, other commodities didn’t see the same price surge because they were not directly tied to the convertibility mechanism. The demand for gold as a safe asset intensified, but the demand for commodities remained tied to actual economic use and trade (MWG Note: hence the importance of the population growth in this phenomenon in the 1970s while we have not seen proportionate commodity price increases/inflation even as gold rose sharply in the post-1999 period).
Shifting the "Fault": Instead of seeing the collapse of Bretton Woods purely as a result of U.S. monetary policy (e.g., money printing or fiscal deficits), this perspective introduces a broader view:
Systemic Pressure: The Eurodollar market created additional, uncontrolled monetary expansion outside of U.S. regulatory oversight.
Global Imbalance: This external dollar creation led to a global imbalance where the international demand for gold (as a safe and stable asset) outstripped supply, precipitating a crisis of confidence in the dollar.
Conclusion: Incorporating the empirical evidence of gold's price surge against other commodities strengthens the argument that the breakdown of Bretton Woods was not just about U.S. policy but also about the unintended consequences of global dollar liquidity. The Eurodollar market amplified claims on U.S. gold, causing a relative scarcity of gold to dollars, which became evident as gold prices diverged from other commodity prices. This nuance shifts part of the "fault" from purely U.S. actions to a broader systemic issue involving global financial innovation and liquidity mismatches.
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