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Everything posted by placeholder
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Biden suggests voting for Republicans is a threat to democracy
placeholder replied to onthedarkside's topic in World News
Always dangerous to assume your priorities are the same as those of the electorate. -
Why is the UK struggling more than other countries?
placeholder replied to Scott's topic in World News
Iirrelevant to the discussion of economic feasibility. I have noticed that the underlying theme of lots of your posts is "I've got mine, Jack." -
A day of chaos brings Twitter closer to the brink
placeholder replied to Scott's topic in World News
I think Musk had to personally pledge Tesla shares as collateral. So no corporate bankruptcy will protect him. -
Why is the UK struggling more than other countries?
placeholder replied to Scott's topic in World News
Before you claim you know why, you have to know if "many germans" whatever that means, are leaving Germany. Presumably it means an increasing number. Do you know that for a fact? Or is it just a convenient hook for you to hang your biases on? -
Why is the UK struggling more than other countries?
placeholder replied to Scott's topic in World News
So, your german friend is going to have some kind of facts and figures? This issue you raised isn't about the German standard of living but about increased emigration. -
Anybody loading up on BTC on this dip?
placeholder replied to In Full Agreement's topic in Cryptocurrency News
A real currency, when used in the country that issues it, doesn't fluctuate in purchasing power like crypto does wherever it is used. So for Americans, the purchasing power of a dollar spent in the United States is not utterly dependent on its exchange value. Same goes for the Euro, the Yuan, the Yen, etc.. But wherever cryptocurrency is used its purchasing power is calibrated by its value in a genuine currency. The only time a genuine currency can technically be said to have its value calibrated by a cryptocurrency is when it's used to purchase that currency. And that's a very minor case that has nothing to do with the economic lives just about everyone on planet earth. -
Why is the UK struggling more than other countries?
placeholder replied to Scott's topic in World News
Define "so many". And how does current emigration compare to past emigration? -
Wall Street Journal labels Trump biggest Republican ‘loser’
placeholder replied to onthedarkside's topic in World News
Believe it or not, the following is actually not a parody: Trump Laments Lack of 'Congratulations or Praise' After Dismal GOP Midterms Former President Donald Trump is disappointed that he is not receiving enough "congratulations or praise" for his "great success" following an underwhelming performance by Republicans in this year's midterms. https://www.newsweek.com/trump-laments-lack-congratulations-praise-after-dismal-gop-midterms-1759067 -
Why is the UK struggling more than other countries?
placeholder replied to Scott's topic in World News
Do you understand that this is the Tories you're talking about? In fact, they tried not to release the report because of its support of solar and wind. -
A day of chaos brings Twitter closer to the brink
placeholder replied to Scott's topic in World News
Another Musk fanboy. If he's up to anything, he's up to his neck in s**t and still sinking, -
Why is the UK struggling more than other countries?
placeholder replied to Scott's topic in World News
What's that got to do with it? Believe it or not, power companies are the way most people get their electricity. That UK government analysis showed that it made economic sense to build solar power plants. -
Anybody loading up on BTC on this dip?
placeholder replied to In Full Agreement's topic in Cryptocurrency News
But for most people and businesses, the fact remains that currency is not an asset that depends only or largely on how it's performing on the forex exchanges. Whereas crypto's purchasing power depends entirely on its price relative to genuine currencies. -
US midterm elections: What's happened to economy under Biden?
placeholder replied to Scott's topic in World News
And yet when given a referendum opportunity, voters in Republican states consistently endorse Obamacare's Medicaid expansion, oppose abortion restrictions, and support increases in the minimum wage. -
Why is the UK struggling more than other countries?
placeholder replied to Scott's topic in World News
And a UK government study said there was. -
Democrat Mark Kelly will win reelection to US Senate, CNN projects
placeholder replied to Scott's topic in World News
Actually, another stupid candidate endorsed by Donald Trump. And enough GOP voters were swayed by the endorsement of Donald Trump, another stupid candidate choice. . But then, what can be expected of people who believe overwhelmingly that the 2020 elections were stolen and that Donald Trump is the rightful President. -
Why is the UK struggling more than other countries?
placeholder replied to Scott's topic in World News
But the question is do they produce enough energy to be economically sensible in the UK. The UK govt study gave that an affirmative. -
US midterm elections: What's happened to economy under Biden?
placeholder replied to Scott's topic in World News
I was just pointing out some of the reasons that Japan is a great country to live in. And since the topic of this thread is "US Midterm Elections what happened to economy under biden" do you really think crying deflection makes much sense? -
Why is the UK struggling more than other countries?
placeholder replied to Scott's topic in World News
I got surprising news for you. Solar cells still generate power on cloudy days. -
Why is the UK struggling more than other countries?
placeholder replied to Scott's topic in World News
Just because it's a third, that doesn't mean it doesn't make economic sense. The cost of solar cells has plummeted by 90% in the last ten years. And even a reluctant conservative government report admitted that solar made sense for the UK. -
US midterm elections: What's happened to economy under Biden?
placeholder replied to Scott's topic in World News
And the government heavily subsidizes many consumer goods including gasoline. So it doesn't bow down to the shibboleths of free-market doctrines. And it has an absolutely huge national debt to GDP ration of 262% and is doing just fine. -
Why is the UK struggling more than other countries?
placeholder replied to Scott's topic in World News
You and your friend are both living in the past. Solar cells are far more efficent than they used to be Electricity generated from wind and solar is 30-50% cheaper than previously thought, according to newly published UK government figures. The new estimates of the “levelised cost” of electricity, published this week by the Department for Business, Energy and Industrial Strategy (BEIS), show that renewables are much cheaper than expected in the previous iteration of the report, published in 2016. The previously published version had, in turn, already trimmed the cost of wind and solar by up to 30%. As a result, electricity from onshore wind or solar could be supplied in 2025 at half the cost of gas-fired power, the new estimates suggest. The new report is the government’s first public admission of the dramatic reductions in renewable costs in recent years. It had previously carried out internal updates to its cost estimates, in both 2018 and 2019, but these were never published despite repeated questions in parliament. https://www.carbonbrief.org/wind-and-solar-are-30-50-cheaper-than-thought-admits-uk-government/ -
But over the mid to long term what counts is the purchasing power of the British consumer. So while a resident of the UK even if each pound is worth less in dollars, what matters is how mamy of those pounds they hold or earn. The pound is worth about a third of what it was worth 100 years ago relative to the dollar. Does that mean the the average resident of the UK is poorer than they were then?