Raixe :verified: boosted
Raixe :verified: boosted

Central banks have no power anymore

We are conditioned by the media to believe central banks can affect inflation, unemployment, and general economic well being.

However central banks have lost this power at least since the Great Financial Crisis due to offshore lending markets like LIBOR which cannot be regulated by any central bank.

LIBOR was phased out (no new loans allowed) last year but it will be reinvented soon (e.g. BSBY). The much hyped “LIBOR scandal” was the establishment trying to demonise LIBOR so as to incentivise banks from stop using it. Federal Reserve wants to use SOFR instead of LIBOR but offshore banks won’t adopt it. They will adopt LIBOR clones like BSBY.

Federal Reserve does not “print money” during QE. It creates bank reserves, which can be used to buy government bonds and settle interbank debts. The bank reserves can also be used to issue loans to businesses, but banks do not do it due risks.

However this QE has no effect, because QE is nothing compared to whats happening in the offshore lending markets. In fact I believe QE is trying and failing to counteract whats going on in the offshore lending market.

Will explain more if someone reads this far. Sorry for the Reddit spacing. I do not use Reddit. I like Markdown formatting though. The spacing is from that.

Raixe :verified: boosted
Raixe :verified: boosted
Raixe :verified: boosted
Raixe :verified: boosted

Work out how much money you pay to government.

Now ask yourself if you're getting value for your money.

Raixe :verified: boosted

This seems to help:

Go to F-Droid Settings > Repositories and tap to edit “Lagrange Pre-Release”. Then disable all of the “official mirrors” except for the first one.

No idea why the Repomaker tool decided to include those mirrors there, they don’t exist. I’ll try to get rid of them.

@FiXato @raixe @f

Show thread
Raixe :verified: boosted

I set up an F-Droid repository for the #Lagrange alpha/beta testing:

fdroidrepos://raw.githubusercontent.com/skyjake/lagrange-fdroid/master/fdroid/repo?fingerprint=46AEA2F2D86047AD65DA955126C6532F79B05AF2BFEFFC5CF1B467A79E686F86

Configuring this was a bit of an adventure, but it seems to work now?

Currently it has the latest build (1.10a3) that you may already have installed. Let's see how well this works once I post a new build at some point.

#gemini

Raixe :verified: boosted
Raixe :verified: boosted
El Salvador's new ad campaign to help prevent Covid deaths and hospitalisations.

The WEF and Big Pharma will be furious.
#TheCoof
Raixe :verified: boosted

I'm starting to get the feeling that the country is governed by nested criminal organizations using the biggest criminal organizations to enforce their desires. I wish I started a company that could force everyone to buy my products. Did that start with Obamacare or something like seatbelts? Or earlier?

I was explaining mastodon to my brother-in-law and he's blown away.

Show thread
Raixe :verified: boosted
Raixe :verified: boosted
Raixe :verified: boosted
Raixe :verified: boosted

Definition of agent provocateur: one employed to associate with suspected persons and by pretending sympathy with their aims to incite them to some incriminating action.

Raixe :verified: boosted

Can someorb orbsplain me with the orb is going on with this orbmeme?

Raixe :verified: boosted

Just learned that in Brazil you don’t need a vaxport to enter the country.

But there’s a lawsuit in the Supreme Court to *force* the government to *mandate* vaxports to enter the country.

The government will have to *justify* to the courts why they haven’t implemented any discriminatory requirements.

That’s peak clown world.

Infringing on rights doesn’t need justification.

Respecting rights does need justification.

And nobody sees anything wrong at all

Raixe :verified: boosted
Show older
No Agenda Social

The social network of the future: No ads, no corporate surveillance, ethical design, and decentralization! Own your data with Mastodon!