+1 on the rail pass and suika. Very handy Skip Tokyo go to Kyoto ;-)

Watch that commercial real estate mortgage backed securities market. It’s 2008 all over again.

*If you’re rich

Who is still on reddit?

The best. Must really have blown minds when it came out.

No mention of the genius that is Ian M. Banks or Alester Reynolds. Meh.

I don’t understand this logic… low interest rates means it’s easier to borrow, which most poor people have to do to get anything. I think most cars have monthly payments right? Rate goes up- payment goes up. Richard Wolff talks about this alot on the socialist program. But you’re right in saying the rich are not impacted. Because they generally have savings and benefit from high interest rates.

He’s a crook for sure but high interest rates really hurt the working class. Their mortgage payments go up etc…

This is why we must unionize

Commercial real estate mortgage backed securities

Capitalism trying to capitalism it’s way out of a capitalism caused crisis. Classic.

About goddamn time

More pro nuke propagate while Japan dumps waste into the ocean. Perfect timing actually. to all the haters and downvaters I give you a link showing how solar and wind are cheaper and better. Of course you will ignore it. Who needs evidence when you’re already sold amirite

KPFA - The Ralph Nader Radio Hour: The False Promise of Small Nuclear Reactors – The Ralph Nader Radio Hour – August 21, 2023

Episode webpage: https://kpfa.org/program/the-ralph-nader-radio-hour/

Media file: https://archives.kpfa.org/data/20230821-Mon1100.mp3

The loans for all the commercial real estate are also problematic. The banks don’t have liquidity to cover them it’s that simple. Hence the recent downgrade of banks which is a shot over the bow…

It’s the commercial real estate mortgage backed securities market. If everyone doesn’t pay office rent the collateralized debt of those places goes kaput, the security implodes like 2008 and the banking industry goes under.

These CEOs are all invested. They don’t care about productivity, it’s all about saving their investments.

MEGA TO THA HAADKORE

Tvo words: fuck yeah

The best part is the money does not exist they are literally lending it into existence. Click of a keyboard. Now you have debt, they have assets, the cost of housing goes up because everyone is doing the same thing

I know it sounds insane. And that’s because it is. Study it, mind will be blown I guarantee