[ overboard / sfw / alt / cytube] [ leftypol / b / WRK / hobby / tech / edu / ga / ent / music / 777 / posad / i / a / R9K / dead ] [ meta ]

/leftypol/ - Leftist Politically Incorrect

"The anons of the past have only shitposted on the Internets about the world, in various ways. The point, however, is to change it."
Name
Email
Subject
Comment
Captcha
Tor Only

Flag
File
Embed
Password (For file deletion.)

Matrix   IRC Chat   Mumble   Telegram   Discord


File: 1660059511559.png ( 1.08 MB , 1440x932 , FIRE.png )

 No.456057[View All]

Let's get a general thread about FIRE (Finance, Insurance, Real Estate). Include topics about crypto as well.
74 posts and 33 image replies omitted. Click reply to view.
>>

 No.466996

File: 1678403092168.jpg ( 223.25 KB , 1018x1331 , 20230309_160423.jpg )

>>

 No.466999

>>466996
holy based
>>

 No.467000

File: 1678414939553.jpg ( 42.15 KB , 472x266 , stupid_bourgeois.jpg )

>>466996
>decrease rent
>never done before
holy shit America is literal hell, thank god I don't live there.
>>

 No.467012

RIP Silicon Valley Bank: Shut Down by California Regulator, Taken Over by FDIC, Shareholders Bailed In, Insured Depositors to Get their Cash by Monday
https://wolfstreet.com/2023/03/10/rip-silicon-valley-bank-shut-down-by-california-regulator-taken-over-by-fdic-shareholders-bailed-in-insured-depositors-to-get-their-cash-by-monday/
>>

 No.467013

>>467012
Is this an "another-one bites the dust" type situation or is it indicative of something more profound ?
>>

 No.467014

File: 1678490941271.png ( 2.33 MB , 1170x1314 , 1678481626444783.png )

>>467013
That's the question isn't it. All we know for sure is that it is the second largest bankruptcy in history.
My gut feeling is that the FDIC will successfully contain it, the mainstream media doesn't seem too worried and I know they lie all the time but I just pick up this vibe that their being legit this time.
But if there's another bank run…
>>

 No.467015

>>467013
They're calling it a mass extinction event for Silicon Valley startups. SV startup culture was always kind of a grift so it will be interesting to se e how this bankruptcy effects tech.
They closed the bank in the middle of the day instead of waiting until this evening so this thing is moving fast!
>>

 No.467016

File: 1678492342942.jpg ( 259.51 KB , 1125x781 , 1678482058733043.jpg )

>>

 No.467017

>>467013
I think it could really effect the Californian Real Estate market. SV Bank were giving really exotic mortgages to techbros like allowing collateral in the form of stock options. I can't imagine a normie bank wanting to buy debt like that so these guys might have their loans yeeted and be forced to sell.
>>

 No.467018

File: 1678494227012.jpg ( 152.28 KB , 1169x946 , 1678490742039799.jpg )

>>

 No.467019

Wells Fargo says 'technical issue' causing customers to report missing deposits
http://www.nbcnews.com/business/business-news/wells-fargo-says-technical-issue-causing-customers-report-missing-depo-rcna74419?cid=sm_npd_nn_tw_ma
bank run on Wells Fargo
>>

 No.467074

>>

 No.467087

File: 1678705465890.jpeg ( 43.79 KB , 725x375 , The Smell Of Farts Is Ben….jpeg )

>>467016
what's the point of economics anymore when at the faintest fart in the markets all central bankers immediately go "BRRRRRRR"
>>

 No.467116

>>467087
Gotta keep the slaves chasing after fake money.
>>

 No.467191

Wolff posted a video about the Silicon Valley Bank Collapse


https://invidious.snopyta.org/watch?v=n8aaIq8Aa4w
>>

 No.467192

>>467191
So confusing to me why Wolff sometimes posts analyses on his personal channel and other times on the D@W channel.
>>

 No.467241

Michael Hudson's take on the bank collapse

https://invidious.snopyta.org/watch?v=uvm9qrXhqf8
>>

 No.467481

File: 1679242167687.jpg ( 27.52 KB , 530x286 , CSbank.jpg )

Credit Suisse bank might get nationalized

<Swiss authorities are evaluating a full or partial nationalization of Credit Suisse Group (NYSE:CS) as the only other option for the bank outside of sale to UBS AG (NYSE:UBS).


https://seekingalpha.com/news/3948698-switzerland-considering-full-or-partial-nationalization-of-credit-suisse-report

I wonder if this is related to Silicon Valley Bank and Signature Bank going down.
>>

 No.467486

>>467481
>I wonder if this is related to Silicon Valley Bank and Signature Bank going down.
It is more related to the interest rate.

I don't think Credit Suisse had any direct connections the the squeezed US banks or their depositors.
>>

 No.467508

>>467481
credit suisse has been in a bad state for a long time now
fears surrounding bank runs definitely made their situation less acceptable
>>

 No.467511

>>467481
>>467486
>>467508
Credit Suisse bank has just been bought by UBS bank.

Not sure what that means tho. It's so tiresome to decrypt the machinations of fictional capital.
>>

 No.467543

>>467511
Crisis delayed
>>

 No.468176

https://prepareforchange.net/2022/03/25/100-nations-have-global-agreement-now-being-deployed-called-project-sandman-to-drop-and-end-dominance-of-u-s-dollar-and-petrodollar/

<“Project Sandman” describes a 100+ nation agreement that, when triggered, will see those nations simultaneously dump the dollar and abandon the “petrodollar” status that has allowed the USA to enjoy 50 years of fiat currency counterfeiting and material abundance at the expense of everyone else. When this decision is triggered, the dollar and all dollar-denominated assets will plunge to near-ZERO literally overnight.


This isn't real, it's a form of entertainment website for collapse-porn. Their disclaimer says:
<Please use discernment! Use logical thinking, your own intuition and your own connection with Source, Spirit and Natural Laws to help you determine what is true and what is not.

But this is still a fun thought experiment.
Would such a 100 country conspiracy to collapse the dollar actually work ?
>>

 No.468195

File: 1680288510645.jpg ( 122.49 KB , 900x900 , REBubble-124t7jt.jpg )

>>

 No.468226

>>468176
Usually these sites are put out as a wink to give away parts of what is planned, with the expectation that you figured out that humans lie about everything. The space aliens trope is older than you think. It came out in a big way to announce the birth of the national security state, and there are references to this in the occult milieu of the prior 50 years.

To answer the question - that is what they want to do, but there are too many interests who have no reason to run around like headless chickens. Currency schemes have collapsed before, and out of necessity vendors work out ad hoc solutions. The will of a few manipulators to create panic only works for so long. It scatters the easily defeated and those who imbibe too much ideology, but those with too much to lose work out countermeasures against these incursions. Ultimately it would rely on many millions becoming repo men and carrying out the grisly work, and that's why neoliberal managerial culture was created - to turn the whole country into the lowest forms of Einsatzgruppen they could. The result has been a steady escalation of faggotry and all the depravity inherent to the Right as a political formation, and the stripping away of anything else, leaving behind nothing but trained animals who think of nothing and have no real thoughts. Even with the vast effort spent to create these people, there are only so many reliable Einsatzgruppen, and those who are smart enough to be effective have incentives to work against the final end of this directive. It's why they want to build all these killbots and mystify tech, and why the current op is to tell us GPT-4 is Skynet. It's retarded.

Tanking the dollar, though, is shit easy, and there are interested parties that want it. The rich and their managerial lackies are already thinking of how to convert their money tokens into units of pure slavery and torture. That's the way we set for ourselves, and it has become life's prime want. Neoliberal society does not produce a single thing more than it has to in order to keep people from revolting, and they have steadily played a game of lowering standards and destroying all decencies and all expectations.
>>

 No.470249

File: 1687478198099.jpg ( 63.54 KB , 500x610 , REBubble-uonl.jpg )

>>

 No.471209

File: 1689875258998.jpg ( 1.06 MB , 672x842 , 20230718_211920.jpg )

>>

 No.471570

File: 1691030681600.jpg ( 321.54 KB , 594x819 , REBubble-15fgz90.jpg )

>>

 No.472552

File: 1692747845378.jpg ( 74.55 KB , 733x874 , 20230822_164318.jpg )

>>

 No.472555

File: 1692751061825.jpeg ( 88.81 KB , 618x813 , 162rrrr3MEM120623.jpg-618….jpeg )

Perhaps if y'all stopped advocating for a system that collapsed on itself in the previous century after leaving >100 million to starve to death, then you would see the world more clearly.
>>

 No.472556

File: 1692751626990.png ( 176.51 KB , 2669x2219 , capitalism killcount.png )

>>472552
lol gave me a chuckle

>>472555
While Capitalism did indeed collapse in to fascism last century, it killed way more than a 100 million.
>>

 No.472561

>>472555
>retarded Aristotelian who fought against every inch of progress revealed by the Renaissance.jpeg
>>

 No.472563

>>472555
The audacity to post this with such a high lack of self awareness is peak capitalist ideology.
>>

 No.472564

>>472555
>implying all the questions have been answered
>>

 No.472898

File: 1693295784954.jpg ( 366.67 KB , 1232x1442 , 1692197354525094.jpg )

A trick you can use to screw over your landlord as you're about to leave is to call code enforcement on anything that looks like it's not up to code. It can be anything from a leaky toilet, to pests to a sagging roof. They might get their occupancy certificate pulled. Code enforcement can be very particular so it really doesn't take much. Use discretion, if your unit is brand new you probably don't have anything substantial to report but most people live in rentals that are a least a little rundown.
Don't do this unless you have a new place lined up. If they do lose their certificate of occupancy and you'll get evicted in 30 days.
>>

 No.476505

File: 1698570212378.mp4 ( 1.28 MB , 360x640 , re.mp4 )

>>

 No.476554

File: 1698902813472.jpg ( 31.46 KB , 588x444 , 1693595264530346.jpg )

Missouri jury finds NAR, brokerages guilty of conspiring to inflate commissions
>A Kansas City jury has found the National Association of Realtors, HomeServices of America and Keller Williams guilty of colluding to inflate or maintain high commission rates through NAR’s Clear Cooperation Rule, in the Sitzer/Burnett buyer broker commission lawsuit.

>The defendants have been ordered to pay damages of $1.78 billion. The jury reached its verdict after a little over two weeks of testimony from the plaintiffs and defendants. During their testimony, the home seller plaintiffs and their lead attorney Michael Ketchmark argued that despite the defendants having antitrust rules and regulations in place, the trade group and corporate brokerages knowingly violated their own rules in order to maintain high commission rates. Judge Stephen Bough, who is overseeing the suit, still needs to issue his final judgement on the case, before the verdict is final.


>The class action antitrust lawsuit, which was originally filed in 2019, also included RE/MAX and Anywhere as defendants, however the two reached settlements in this suit as well as the two other commission lawsuits, Moehrl and Nosalek, in September.


https://archive.ph/cRjSw

Basically the end of 6% commissions on Real Estate transactions in burger land, the end of NAR, and the careers of half of all real estate agents as the ruling will probably stop the practice of buyers agents.
>>

 No.479814

Execs at Yield star, software makers that allegedly fixed rent prices in Phoenix metro, had leaked correspondence showing them laughing about the rents they were able to help landlords fox.
>>

 No.479815

>>479814
*landlords fix
>>

 No.479902

What is "the halvening" and why should I care about it?
>>

 No.480185

>>

 No.480341

Purplepingers an Australian man, releases a list of vacant homes and encourages squatters to occupy them.
https://www.shitrentals.org/
>>

 No.481093

File: 1714627966922.jpg ( 125.45 KB , 1500x500 , Image 370 at frame 7.jpg )

If you have a mortgage, you do NOT own a home!
>>

 No.481098

https://farside.link/invidious/watch?v=PKVVpF1oBTo
This is a video from a 'YT influnsor' that is trying to get people to buy stonks from some random company. But before he's trying to rope you into buying fictional capital. He's bringing up a theory on reading tea-leaves i mean the 'stripper index'.
<If the strippers gets less income line will go down.
He basically ends his economic theorizing on god the market is mysterious and nobody can know his divine intentions predict anything.

Why are these people so obtuse, the capitalist crisis cycle is not hard to understand.
<If capital invests there's going to a boom.
<If capital does a investment strike there's going to be a bust.

More nuance exists of course, it also depends on what they are investing into. Investment into the productive economy and labor productivity improving machines, nets a better economic performance than say spending on imperial conquest that doesn't pan out. The exploitation rate also matters if that's too high and the population experiences demographic decline that also dampens economic performance. That said the 2 previously mentioned simple rules are good enough to get some idea.
>>

 No.481540

>>

 No.481541

File: 1715636370584.jpg ( 161.17 KB , 864x1920 , IMG_20240513_134341.jpg )

>>

 No.481542

>>481541
it is happening again
>>

 No.481560

File: 1715693796882.png ( 234.78 KB , 864x1920 , Screenshot_20240514-061840.png )

GameStop trading at $71 a share. Up from $10 two weeks ago.
>>

 No.481612

>>481560
What do you reckon this is ?
Speculators playing around ?

Unique IPs: 34

[Return][Catalog][Top][Home][Post a Reply]
Delete Post [ ]
[ overboard / sfw / alt / cytube] [ leftypol / b / WRK / hobby / tech / edu / ga / ent / music / 777 / posad / i / a / R9K / dead ] [ meta ]
ReturnCatalogTopBottomHome