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Joined 2 years ago
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Cake day: June 16th, 2023

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  • I completely agree with you. There might be some exceptions but in general what you say is true: when there’s a sea change, a zeigeist, young people are the first to sense it. You don’t get sweeping changes and protests at the senior care facility.

    I think it’s also that the young have less to lose and more to gain. Most gen Xer are sitting around on their hands because they stand to lose much more than they gain. They have mortgage and car payments, children, and health insurance. If anything breaks, that can all come tumbling down.



  • Food conglomerates had tried to sell a more efficient vision of the kitchen to working mothers:

    Less food prep time meant more time for family and career. But it also meant more sales of processed food and the extinction of the skills required to prepare food.

    The children of the seventies and eighties were among the first to experience this change toward preprepared foods.










  • This seems like an already failed banking model which places lenders at the front of the pack and will lead to only larger asset bubbles. Japan’s Kiretsu system of banking led to banks taking out loans to cover up their own investment losses as they had put their money into an asset bubble which collapsed. Banks then committed wholesale fraud by disguising such losses on their books. The Japanese government then used quantitative easing. They create money ex nihilo, swap the money for a t bill, then they bought the toxic assets by giving t bills to the bank. The bank doesn’t sell the t bill, they merely collect interest on it.

    The main effect is a system in which bubbles are never popped and consumers suffer a declining standard of living in order to keep asset prices high.