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Notices by cjd (cjd@pkteerium.xyz), page 32

  1. cjd (cjd@pkteerium.xyz)'s status on Sunday, 15-Oct-2023 19:00:09 JST cjd cjd
    in reply to
    • Senator_Armstrong
    It's just the exhaust from the engines bro promise
    In conversation about a year ago from pkteerium.xyz permalink

    Attachments


    1. https://pkteerium.xyz/media/78ffc255f5b01d1fbb0c0fe2915411c97bd07a63d423d7efa6509a851a24425f.png
  2. cjd (cjd@pkteerium.xyz)'s status on Sunday, 15-Oct-2023 19:00:07 JST cjd cjd
    in reply to
    • Senator_Armstrong
    shush you, you're ruining the joke :P
    In conversation about a year ago from pkteerium.xyz permalink
  3. cjd (cjd@pkteerium.xyz)'s status on Sunday, 15-Oct-2023 17:47:48 JST cjd cjd
    in reply to
    • cjd
    • DrFell (Disgruntled Citizen)
    Then we can talk about commercial real estate. All of those big glass buildings, shopping centers, etc. Those places are bought up by guys whose only business is to rent them out. Then you have businesses paying rent. Well what happens when the businesses fold and stop paying? The owner can't make mortgage but the banks is not really incentivized to repossess the place because ... who they gonna sell it to? Some other guy who also offers it for rent to the same businesses that don't exist?

    The bank has essentially 2 options:
    1. Stick with the current owner, let him skip mortgage payments, lend him more money to stay afloat and hope for a better future
    2. Repossess the place and put it up for auction, and recoup 50% of your loan.

    Right now, banks are choosing #1 "extend and pretend", but these properties are NOT worth what is owed on them.
    In conversation about a year ago from social.076.moe permalink
  4. cjd (cjd@pkteerium.xyz)'s status on Sunday, 15-Oct-2023 17:47:28 JST cjd cjd
    Bankers starting to call for a "TARP 2.0" trillion dollar bailout of banks who were screwed over by rapidly rising interest rates.

    https://www.americanbanker.com/opinion/u-s-banks-need-tarp-2-0-a-trapped-asset-relief-program

    Unsurprisingly, the cryptosphere is cheering.
    In conversation about a year ago from pkteerium.xyz permalink

    Attachments


    1. https://pkteerium.xyz/media/354b69b782b34c8fb144ea8d43577e7328a027514460df0f6657a7a13e47d63e.png
    2. U.S. banks need TARP 2.0: A trapped asset relief program
      from https://www.americanbanker.com/author/paul-graham
      The Fed's meteoric increase in the federal funds rate over the last 18 months has left banks holding billions in unproductive investment securities. Helping them would be good for the economy.
  5. cjd (cjd@pkteerium.xyz)'s status on Sunday, 15-Oct-2023 17:47:26 JST cjd cjd
    in reply to
    • DrFell (Disgruntled Citizen)
    1. People deposited money in the banks
    2. Banks lent it out at 3% (back during 0% interest era)
    3. Interest suddenly went to 5%
    4. Everyone withdrew their money and put it into govt debt because it pays 5% and banks pay near 0%
    5. Effective run on all banks at the same time
    In conversation about a year ago from social.076.moe permalink
  6. cjd (cjd@pkteerium.xyz)'s status on Sunday, 15-Oct-2023 17:47:24 JST cjd cjd
    in reply to
    • DrFell (Disgruntled Citizen)
    They were charging that back in 2019 ? That seems really high.
    In conversation about a year ago from social.076.moe permalink
  7. cjd (cjd@pkteerium.xyz)'s status on Sunday, 15-Oct-2023 17:47:23 JST cjd cjd
    in reply to
    • DrFell (Disgruntled Citizen)
    Here's the problem, between 2010 and 2020, interest was 0 and so they wrote 30 year fixed rate loans at like 3%.

    Now interest is 5% and they have all of these loans that are not paying the interest that the market expects.
    In conversation about a year ago from social.076.moe permalink
  8. cjd (cjd@pkteerium.xyz)'s status on Sunday, 15-Oct-2023 17:47:22 JST cjd cjd
    in reply to
    • cjd
    • DrFell (Disgruntled Citizen)
    It gets worse when you realize that a lot of banks hold government bonds as a "cash equivalent" because it's assumed that the government will ALWAYS pay it's debts.

    Bonds from 2010-2020 were 0% interest, so basically the government just promised to pay you back, in 10 years, or 30 years, or whatever.

    Now the government is issuing new debt at 5% so these 5% bonds are in high demand, but who wants the old 0% bonds?

    So if you need to turn a bond into cash, typically what you do is you sell it on the open market, but you're trying to sell 0 interest bonds which are competing with 5% interest bonds the govt is selling right now. When nobody wants the bond you're holding, you're forced to lower the price...

    5% APR compounded annually over 10 years is total interest of 21% of principle, so you see these 0% bonds are only selling for about 20% less under their face value. And when you're a bank, losing 20% on your "safest" asset is a big deal.
    In conversation about a year ago from pkteerium.xyz permalink
  9. cjd (cjd@pkteerium.xyz)'s status on Sunday, 15-Oct-2023 07:29:07 JST cjd cjd
    Uhhh, all you have to do is not agree on a speaker and these things will defund themselves.
    In conversation about a year ago from pkteerium.xyz permalink

    Attachments


    1. https://pkteerium.xyz/media/5bcc1d7cb09a3c068b5258298429623fd79557a017fb6bc45b96e4b497b2521e.png
  10. cjd (cjd@pkteerium.xyz)'s status on Friday, 13-Oct-2023 05:59:09 JST cjd cjd
    in reply to
    • jaf
    • † top dog :pedomustdie:
    Though I do actually watch vids (ad blocked ofc), I would rather buy a nice piece of artwork to hang on the wall or a historically significant book as opposed to a TV.

    The idea is that I'm not ALWAYS the person I'd like to be, but when I'm making a purchasing decision, I'm not willing to cultivate a less great version of myself.
    In conversation about a year ago from pkteerium.xyz permalink
  11. cjd (cjd@pkteerium.xyz)'s status on Friday, 13-Oct-2023 05:54:50 JST cjd cjd
    in reply to
    • jaf
    • † top dog :pedomustdie:
    > your tv

    No TV, refuse to pay money to waste time (and view trash/propaganda).
    In conversation about a year ago from pkteerium.xyz permalink
  12. cjd (cjd@pkteerium.xyz)'s status on Friday, 13-Oct-2023 05:49:26 JST cjd cjd
    in reply to
    • jaf
    • † top dog :pedomustdie:
    Yeah I wouldn't give those people my money. I also won't pay to waste time, I've *always* got shit I'm supposed to be doing.
    In conversation about a year ago from pkteerium.xyz permalink
  13. cjd (cjd@pkteerium.xyz)'s status on Friday, 13-Oct-2023 05:45:05 JST cjd cjd
    in reply to
    • Soul Dessin
    • † top dog :pedomustdie:
    Uncle Tony's Garage
    Vice Grip Garage
    Diesel Creek

    All automotive channels, absolutely nothing todo with politics :)
    In conversation about a year ago from pkteerium.xyz permalink
  14. cjd (cjd@pkteerium.xyz)'s status on Friday, 13-Oct-2023 05:43:37 JST cjd cjd
    in reply to
    • Soul Dessin
    • † top dog :pedomustdie:
    Registered, thanks
    In conversation about a year ago from pkteerium.xyz permalink
  15. cjd (cjd@pkteerium.xyz)'s status on Friday, 13-Oct-2023 05:41:46 JST cjd cjd
    in reply to
    • Soul Dessin
    • † top dog :pedomustdie:
    Can I follow some channels and then get a list of updates when they upload ? That's how I use YT, I don't browse or use the algo.
    In conversation about a year ago from social.076.moe permalink
  16. cjd (cjd@pkteerium.xyz)'s status on Friday, 13-Oct-2023 05:39:41 JST cjd cjd
    in reply to
    • Soul Dessin
    • † top dog :pedomustdie:
    Oh fuck, you mean actually install something? 😱
    In conversation about a year ago from social.076.moe permalink
  17. cjd (cjd@pkteerium.xyz)'s status on Friday, 13-Oct-2023 05:33:57 JST cjd cjd
    Lefty anarchists don't think it be like that but it do
    In conversation about a year ago from pkteerium.xyz permalink

    Attachments


    1. https://pkteerium.xyz/media/a3110f04c1f152580f52e5f5624b35e93f90eca7bc551342410b1eacbc52c178.png
  18. cjd (cjd@pkteerium.xyz)'s status on Friday, 13-Oct-2023 03:31:11 JST cjd cjd
    Bye.
    In conversation about a year ago from pkteerium.xyz permalink

    Attachments


    1. https://pkteerium.xyz/media/db803066cf824f059a3081f298a851c5d8ed5abfd73d709b6f8759895282da23.png
  19. cjd (cjd@pkteerium.xyz)'s status on Friday, 13-Oct-2023 00:15:10 JST cjd cjd
    in reply to
    • rimugú
    If I'm not mistaken "Terror Alarm" is a LLM that just generates random posts - but it has managed to troll a zillion people already so it's kind of awesome.
    In conversation about a year ago from pkteerium.xyz permalink
  20. cjd (cjd@pkteerium.xyz)'s status on Thursday, 12-Oct-2023 19:49:16 JST cjd cjd
    The whole concept of *signing* a statement is that you're ready to live or die by it.

    Consider for example, the Declaration of Independence, the British hunted down and killed or exiled all of the signatories of that document BECAUSE their names were public.

    But if they had all signed it "The Philadelphia Freedom Caucus" or such, The United States of America would not exist.
    In conversation about a year ago from pkteerium.xyz permalink

    Attachments


    1. https://pkteerium.xyz/media/6920f3115ff8150217a2d640d39e7ecadb5990e18d1311117bc0649989a4515c.png
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