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Miss MJ
Was finally able to get into my credit report. Everything is zeroed out including collections and I'm a solid 550 LOL!

Bowsac Noodle ☦️
replyReply to @[email protected]
Based. You can build your score up pretty easily now using bills and stuff through the reporting agencies. I am very anti usury but unfortunately debt is useful in fiat land where currency is constantly devalued.

vic (😏🫱🏻🫲🏿🐵 end racism!)
replyReply to @[email protected]
You don't have a "credit score", you have a "debt score". It says how good they think you are (i.e. how much usury money they expect to make from you) at being in debt.

Bowsac Noodle ☦️
replyReply to @[email protected]
Semantic distinction. Are you a good alternative to government treasuries to get slightly better yield for the risk. The biggest parts are [PAY BILLS WITHIN 30 DAYS OF DUE DATE] followed by [HOW MUCH % OF CREDIT LINES ARE IN USE]. Easy to game and easy to screw up. I'm a big fan of not buying stuff you don't need and not financing when you don't need to, but sometimes you can arbitrage because you have good credit. My friend just bought a car and went to pay cash, but he financed it at 1% for 3 years and has his own money earning 3%+ in the bank. Prime example.

Jeff Cliff 🏴☠️🦝🐙 🇱🇧🧯 🇨🇦🐧😷
replyReply to @[email protected]
@BowsacNoodle@poa.st @mjdigspigs@poa.st @vic@shitpost.cloud >and has his own money earning 3%+ in the bank.
what bank is this?
also treasuries come with their own consequences: government default risk, and the risk of the US government in particular being able to fund israel more

Bowsac Noodle ☦️
replyReply to @[email protected]
>treasuries come with their own consequences: government default risk
Literally zero. For standard financial reporting, the risk free rate of return is the treasury rate. They steal from my kids to pay Israel.
Lots of banks pay 3%. I believe he uses an online bank like ally or capital one but I don't know

Jeff Cliff 🏴☠️🦝🐙 🇱🇧🧯 🇨🇦🐧😷
replyReply to @[email protected]
@BowsacNoodle@poa.st @mjdigspigs@poa.st @vic@shitpost.cloud no it's not literally zero. On the long run, governments only typically last about 250 years. the US is...nearing the end of its term and Trump openly is talking about defaulting.
> For standard financial reporting,
if "standard financial reporting" isn't taking into account the evidence of what government *actually* do it's not scientific accounting.
> the risk free rate of return is the treasury rate
No, it's not risk-free. Treasury rates have a risk of default. Or about 0.5-1%/year on a normal year, probably a lot higher rn, maybe closer to 10-20%.

Bowsac Noodle ☦️
replyReply to @[email protected]
How about instead of doing an AcKshUaLLy, you look up what you're talking about? Real rate of return uses 3 month treasuries. To say
There is no risk free rate of return is to ignore that a man with a gun puts you in an 8x8 cell if you don't pay taxes with USD which indirectly guarantee said treasury.


Jeff Cliff 🏴☠️🦝🐙 🇱🇧🧯 🇨🇦🐧😷
replyReply to @[email protected]
@BowsacNoodle@poa.st @mjdigspigs@poa.st @vic@shitpost.cloud there are four lights regardless of what the man with the gun says and us treasuries carry sovereign default risk no matter what the man with the gun says.
https://media-proxy.varis.social?url=https://media.shitposter.world/shitposter.club/cb/f7/16/cbf716539cbae76e53037080bce4134af6e37ca19b4a07501450d866d528e95e.avif?name=nEPEAI7WBBUM7Q.avif&Sh-Gravy=WithPotatoes

Bowsac Noodle ☦️
replyReply to @[email protected]
Sovereign default risk is considered unavoidable as any other metric for investment would utilize currency denominated in USD which intrinsically carries the same risk. As was brought up, they can print currency to pay for treasuries and they've done it before.
>There are four lights.
Dude mmt isn't magic nor is it entirely fictional wizardry. We probably share the concerns of its use to obfuscate underlying rot and kick the can down the road, but because of armed taxman mentioned earlier, it's a moot point. It's also utilized by every country on earth and its usage or acceptance by any one country makes it functionally a prisoner's dilemma.

Caleb James DeLisle
replyReply to @[email protected]
The USD is not backed by gold, it's backed by uranium.

Jeff Cliff 🏴☠️🦝🐙 🇱🇧🧯 🇨🇦🐧😷
replyReply to @[email protected]
@cjd@pkteerium.xyz @BowsacNoodle@poa.st @mjdigspigs@poa.st @vic@shitpost.cloud lol no
it's not "backed" by anything

Bowsac Noodle ☦️
replyReply to @[email protected]
That's true. There's no threat of force. I'm sure Saddam Hussein and Gadaffi feel good knowing that the reason they died, the force backing the USD, isn't real.

Caleb James DeLisle
replyReply to @[email protected]
You're not understanding...
The US isn't going to just willingly stop the scheme because it benefits them to keep it going, and that means continuing to pay out it's creditors in dollars that they get to print - in exchange for those creditors happily giving them back said dollars for new loans in the future, thus establishing their value. THIS IS THE FOUNDATION OF THE EMPIRE.
Now maybe those creditors are going to say "screw you, I'm putting my money elsewhere". But if they do, then that elsewhere is gonna become a glass parking lot. When the world burns, investors panic and go back to the USD for safety.
Like I said, the USD is backed by uranium.
And this system will never collapse unless either:
A. They decide to intentionally collapse it and convert it into something else, or
B. Every munition has been spent.

Caleb James DeLisle
replyReply to @[email protected]
This one is a classic:
> The USD is backed by nothing
The Nothing:

Chinese "to the last mugicha" man.
replyReply to @[email protected]
The houthis are about to fine out... ...

replyReply to @[email protected]
IAMAL_PHARIUS - https://poa.st/users/IAMAL_PHARIUS cjd - https://pkteerium.xyz/users/cjd BowsacNoodle - https://poa.st/users/BowsacNoodle mjdigspigs - https://poa.st/users/mjdigspigs vic - https://shitpost.cloud/users/vic jeffcliff - https://shitposter.world/users/jeffcliff i hope you're soldiers take toilet paper as payment, because the world is tired of paying your bills via inflation.https://mastodon.blitz-netzwerk.de/@mario/113027451265935122 - https://mastodon.blitz-netzwerk.de/@mario/113027451265935122

Chinese "to the last mugicha" man. (@[email protected])
DO NOT RETALIATE AND YOU WILL BE REWARDED




🏖️ SummerSnekFriend #BrideMonth #WBS 🏖️
replyReply to @[email protected]
[email protected]@poa.st @vic@shitpost.cloud @mjdigspigs@poa.st
>but he financed it at 1% for 3 years
Lucky dog! Was he friends with the dealer or something? 


Bowsac Noodle ☦️
replyReply to @[email protected]
They were running a special on certified cars. The manufacturer or dealer owns them, so they offered 3 year at really good rate and they're finding a safe way to get cash and offload inventory.

Charles_in_Charge
replyReply to @[email protected]
Dollars represent debt. Debts only have value to the lender if the debt can be collected. Without the threat of violence, many debts would go unpaid. Thus the US dollar is ultimately backed by the threat of violence represented by the US military and law enforcement.

Jeff Cliff 🏴☠️🦝🐙 🇱🇧🧯 🇨🇦🐧😷
replyReply to @[email protected]
@Charles_in_Charge@poa.st @cjd@pkteerium.xyz @BowsacNoodle@poa.st @mjdigspigs@poa.st @vic@shitpost.cloud Obviously we're talking about more than just debt when we're talking about what the dollar is 'backed' by. And the US government itself is *in* the debt so what are they going to do, use violence against itself?
and the *vast majority* of taxpayer activity does not involve 'violence', either. Democratic, devleoped nations don't involve that scale of mass violence usually - The 'violence' thing is mostly a libertarian wet dream and/or projection.

Charles_in_Charge
replyReply to @[email protected]
The government ultimately owes the central bankers. They, like everyone else, must dance to the central bank's tune. A man that owes a debt is a slave to his creditor.
Violence does not have to be an everyday thing. Many cops go their entire career without shooting someone. Yet they still wear that gun every day. They don't have to enforce the law with violence very often because the credible threat of violence is enough for most people. But if cops were to all be disarmed and forbidden from ever shooting anyone one no matter how violent they were acting, the credible threat of violence would vanish, and many, many, many more people would commit crime as a result.
If lenders have no way to force recalcitrant debtors to cough up what they owe, very few people would repay their debts. They'd take the money, say thank you, then give the lender the middle finger as they walked away. All law and government ultimately relies upon the credible threat of violence. If money isn't backed by something physical with real value to it, if it is printed out of thin air by a non-governmental group and then lent to the government and others at interest, that money, that debt can only be backed by the threat of force, forced used to collect the debt owed to the ultimate lender.

Jeff Cliff 🏴☠️🦝🐙 🇱🇧🧯 🇨🇦🐧😷
replyReply to @[email protected]
@Charles_in_Charge@poa.st @cjd@pkteerium.xyz @BowsacNoodle@poa.st @mjdigspigs@poa.st @vic@shitpost.cloud > violence very often because the credible threat of violence is enough for most people.
and most people don't think about a 'credible threat' when filing their taxes. they file their taxes because *that's what is expected of them*
>The government ultimately owes the central bankers.
No, it 'ultimately' owes its bond holders.
>All law and government ultimately relies upon the credible threat of violence
No it doesn't. Most of it relies on *people not being violent shitheads*. The minute the government needs to use mass violence it usually falls apart. The if there even is a non trivial amount of people becoming violent shitheads, the government and society falls apart.
>. If money isn't backed by something physical with real value to it
Which it isn't.
> if it is printed out of thin air by a non-governmental group
True
> and then lent to the government and others at interest
yes, at the rate mutually agreed upon between the government and the market.
>interest, that money, that debt can only be backed by the threat of force,
Again: bondholders don't have much of a hope of 'threat of force' working against the US government. They'll just default and there's not a goddamn thing you can do about it when they do.

Charles_in_Charge
replyReply to @[email protected]
Everyone who has had to pay taxes has dreamt of telling the government to go fuck themselves. If people had no fear of the government punishing them, most people would not pay taxes. The government can only punish people who fail to pay their taxed via the use of force.
The defund the police movement accompanied by looney DAs who conspire to punish criminals as little as they can possibly get away with have provided the perfect example that disproves your idea that the credible threat of violence isn't necessary to keep law and order. Visit Oakland, San Francisco, LA, Seattle, Portland, or any place run by current day progressives. Merchandise has to be locked away because of systematic shop lifting. Cashiers at fast food places have to be placed behind bullet proof glass. The streets are filled with fent zombies and homeless encampments. In the Bay Area it's just a given now that your car windows will be smashed by thieves every couple of weeks if they're not safely locked away in a garage. Most blue hive cities looked like dystopian bombed out hellscapes someone might design for a post apocalyptic movie.
There are a hell of a lot of people that are fucking animals, animals that only ape civilized behavior because they will be put in prison or shot by armed men acting on behalf of the state.
The fact that you seem to think people pay their taxes because they are Dudley Do-Right patriotic, upstanding citizens and nearly all people obey the law because they are pure of heart marks your as laughably, criminally naive. Tell me you have never left the safety of an all white gated community in some small New Hampshire town without saying that. Spend some time with us out here in the trenches, and if you manage to survive you'll find your mind has changed.
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Jeff Cliff 🏴☠️🦝🐙 🇱🇧🧯 🇨🇦🐧😷
replyReply to @[email protected]
@Charles_in_Charge@poa.st @cjd@pkteerium.xyz @BowsacNoodle@poa.st @mjdigspigs@poa.st @vic@shitpost.cloud > Everyone who has had to pay taxes has dreamt of telling the government to go fuck themselves.
this kind of intrusive thought is what happens when you're a selfish asshole who doesn't care about the society they live in a whit, nor about the consequences of their actions
it's like, great now there's no police, fire protection or public health.
you live in the middle ages.
> If people had no fear of the government punishing them, most people would not pay taxes.
punishing, sure. But with *violence*?
> blah blah oakland blah blah Merchandise has to be locked away because of systematic shop lifting.
exactly - that when people start thinking like you do, that *society falls apart*,
> There are a hell of a lot of people that are fucking animals
and you're one of them
>. Tell me you have never left the safety of an all white gated community in some small New Hampshire town without saying that.
I have live most of my life in non-white communities
YOU are the threat to my country, covidiot
YOU are the threat to my people
YOU are why I have to pay higher taxes for protection
now kill yourself and fuck off. i am muting this thread

replyReply to @[email protected]
@jeffcliff@shitposter.world @cjd@pkteerium.xyz @BowsacNoodle@poa.st @Charles_in_Charge@poa.st @mjdigspigs@poa.st @vic@shitpost.cloud
>now there's no police, fire protection or public health
ACAB, fire protection could have private solutions without the government, and public health is subsidising failure unless people with a BMI over 40 are banned from it.