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Joined 2 months ago
Cake day: February 15th, 2025
  • RabbitBBQ@lemmy.worldtoNews@lemmy.world•U.S. stocks see biggest 2-day wipeout in history as market loses $11 trillion since Inauguration Day
    193·
    15 days ago

    You can’t really use past market events as a reference for anything happening now. The global system is completely different and changing very fast. The longer term implications here are that the U.S. Govt has been out of money for a while and there is a ton of upcoming debt to issue. Part of the response to this is to fund the Govt using tariffs, and begin shrinking the deficit by using the economic problems and the total debt to justify it. They are trying to avoid a debt crisis where there is more debt being issued than buyers. The problem is that this time, with other options existing for capital than Treasuries, which given the circumstances, the old idea that people run to Govt debt when the markets crash for safety just might not hold up this time. The end result is that they haven’t solved anything, and in fact made the upcoming debt crisis much worse. What’s more is that the old reserve currency dollar system being replaced will accelerate now as trade is forced to route around the U.S. There are so many second order effects here too, all of this will kick off a justification to privatize everything and have the private sector jump in to save and replace Govt functions. What they have wanted to do all along anyway, and given the current political climate will mirror the oligarchs taking over Govt functions after the collapse of the USSR. This is just more of a controlled demolition.

    Sorry for the wall of text. Also, a bretton woods style agreement will be necessary, it’s just that there is no single world power strong enough to enforce one. The futures for Monday look pretty bad too, and there are so many unresolved problems since 2008 that could blow up one after another once all the liquidity is removed and there is no one willing to purchase all the upcoming debt.

  • RabbitBBQ@lemmy.worldtoTechnology@lemmy.world•Online ‘Pedophile Hunters’ Are Growing More Violent — and Going Viral: With the rise of loosely moderated social media platforms, a fringe vigilante movement is experiencing a dangerous evolution.English
    82·
    20 days ago

    Does a criminal arrest and conviction not matter to anyone before ganging up to take someones life?

    You would think an allegation serious enough to take someone’s life would be at least charged by some law enforcement agency, many of these crimes require they are reported by law, and a mandatory arrest must happen if it is reported. There should be no way for anyone to be free, needing to be hunted, without a criminal history. No distinction is made between someone with a criminal history and someone without, the allegation has become enough to destroy reputations, careers and lives. History is full of situations where an other type of label and class with no rights or due process is created. Then it is applied to people as needed to eliminate them. With LGBT stuff specifically, you see the lines between these labels being blurred. Even in Russia they have blurred the lines between LGBT, child abuse, domestic terrorism and dangers to national security. It doesn’t take much imagination to see it be applied in the U.S. QAnon was proof that anyone can be labelled by a large number of people with real actions taken to harm them, without any kind of formal process or charges. Just rumors that lead to vigilantes.

    At some point, there is no difference between that, Daniel Penny, or Luigi Manigone. From every side, we all agree that summary executions are acceptable. The end result of this is a break down of civil society as the justifications for extrajudicial murder expand to include as many things as necessary… Even if you take something like the damage Kendrick Lamar did to Drake’s career and reputation, I believe his legal defense over defamation is that it was meant as a joke. How many people would consider using these methods if they saw Drake? A lot of time has passed since that song was released, where are the criminal charges to match the damage done to him?