Dollar Devaluation

[Smitty-48]

Birds make you as happy as money, study finds

It turns out, being around 14 more bird species was the equivalent to the participants earning an extra $190 a month, based on a monthly income of $1,837

What’s better: a backyard full of birds or a pay raise? When it comes to happiness, a new study suggests the richness of bird species holds more value.

While it’s no secret that being rich takes much of the pressure off our day-to-day lives, researchers in this month’s Ecological Economics journal found living near natural surroundings, especially in areas with more species of birds, had a closer link to life satisfaction than income.

https://nationalpost.com/news/world/bir ... tudy-finds

[Fife]

Birds make you as happy as money, study finds

It turns out, being around 14 more bird species was the equivalent to the participants earning an extra $190 a month, based on a monthly income of $1,837

What’s better: a backyard full of birds or a pay raise? When it comes to happiness, a new study suggests the richness of bird species holds more value.

While it’s no secret that being rich takes much of the pressure off our day-to-day lives, researchers in this month’s Ecological Economics journal found living near natural surroundings, especially in areas with more species of birds, had a closer link to life satisfaction than income.

https://nationalpost.com/news/world/bir ... tudy-finds

Can confirm.

More species means more happiness

[Smitty-48]

Can confirm.

More species means more happiness

we love our home, it's modest, but stylish af

it's all about location tho,

in a hollow full of trees by the river in the woods

big sky above me, sun setting to the west while the moon rises in the east

priceless

[Smitty-48]

now, getting back to inflation

I don't actually expect to see that much

you might get a slight bump off the pandemic ending, but nothing spectacular

the general enviroment is deflationary, technology is inciting wages & prices to fall

I don't expect interest rates to go through the roof,

because I don't see what the source of the inflation would be

I would say whatever money people are sitting on, that will flood into the asset bubbles as well

there will be more financial repression, the interest rates will be constrained, home prices will continue to rise

Gen Y & Z will continue to be riotous, because with falling wages, they will just fall further & further behind

[Martin Hash]

DB recognized the inflation: stocks (share increases not related to earnings or growth are inflation), house prices (going up at pre-2008 levels right now!), and somewhat in groceries (the price of a 12-pack of Coke has doubled this year.)

[Smitty-48]

DB recognized the inflation: stocks (share increases not related to earnings or growth are inflation), house prices (going up at pre-2008 levels right now!), and somewhat in groceries (the price of a 12-pack of Coke has doubled this year.)

DB can place his bets as he likes, but I am not betting on sustained inflation

house prices is an asset bubble

stocks are an asset bubble

grocery specific inflation is not a good measure of inflation

inflation is actually a good thing, but we're not going to get enough to offset the deflationary slide

[Smitty-48]

the asset bubbles are being incited by the absence of inflation

the interest rates are net negative

without interest, there is no investment in the real economy, there is a strike of capital, causing a depression

in order to find returns in the deflationary enviroment, the liquidity piles into the asset bubbles

if there was sustained inflation, that would give the money someplace else to go, starting with fixed income

[Ph64]

grocery specific inflation is not a good measure of inflation

No, but it is a good driver for plebe uprisings. People like eating, and being able to feed their family.

Mix increasing food prices with an increasingly authoritarian government and it can spell unrest.

[Smitty-48]

grocery specific inflation is not a good measure of inflation

No, but it is a good driver for plebe uprisings. People like eating, and being able to feed their family.

Mix increasing food prices with an increasingly authoritarian government and it can spell unrest.

ah, well, unrest is bad for the economy, so there's another cap on inflation

you're only going to get big inflation if there is big growth

I think what you will see is a "sugar high" bump from the stimulus

but it won't last, it will nose back over into the long term deflationary spiral being incited by automation

the cause of long term inflation is prices & wages rising

but prices & wages are going down, computers make everything cheaper, and they put people out of work

this is why it's a depression, it's a deflationary spiral,

the real economy is in a spiral, only the asset bubbles are inflating

if you actually got some sustained inflation and monetary policy tightened, that would be a good thing

[Smitty-48]

see, currency debasement is not actually inflationary

currency debasement is to buy the treasuries to keep the interest rates net negative

nothing is growing, the snake is eating its own tail

currency debasement is about debt servicing

that debt servicing is inflating asset bubbles, but that's artificial inflation, that is not market driven

when the bubbles pop, then you will see the deflationary spiral for what it is

prices will not rise, prices will fall, that will feed on itself, that's how a depression works

so what you need to look at, is hard assets, what tangible assets do you need to live in a depression ?