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prettychill commented on What happened to the US machine tool industry?   construction-physics.com/... · Posted by u/jseliger
specialist · 2 years ago
I'd love to understand statements like this.

Lemme try:

Because trade deficits induce demand for dollars? Like how Japan and now China hold a bajillion US dollars? So if the US had (prolonged) trade surplus, no one would be holding dollars?

But wouldn't trade partners still need US dollars to buy US goods? Like the situation post-WWII?

So then we'd "loan" partners US dollars to buy our stuff?

Aiugh. My brain just broke.

How does a noob like me learn about these systems. I know it all probably makes sense to the learned. But with my folk (mis)understanding, these claims sound counterintuitive.

Thanks.

prettychill · 2 years ago
I found this blog post to be quite interesting https://www.lynalden.com/fraying-petrodollar-system/
prettychill commented on Air traffic controllers pushed to the brink   nytimes.com/2023/12/02/bu... · Posted by u/ren_engineer
prettychill · 2 years ago
I wanted to go into ATC training but am too old at 32. Was pretty disappointed by that.
prettychill commented on Apple to Revamp TV App in Step Toward Simplifying Video Services   bloomberg.com/news/articl... · Posted by u/jmsflknr
prettychill · 2 years ago
I would love to see separation of sports from other content in this revamp. As someone who doesn't even like/watch soccer, it would be great if 3/4 of the feed wasn't just MLS spam. I am never going to subscribe to that so why is my experience being made infinitely worse :(

Deleted Comment

prettychill commented on FTX – The fraud was in the code   newsletter.mollywhite.net... · Posted by u/clwg
shapefrog · 2 years ago
> certain customers (Alameda) are directly exempt from auto liquidation

Certain customers (including Alameda) - I understang other customers had similar arrangements, and why wouldnt they? Every account was trading on margin and high leverage - the reason you auto liquidate is so they dont run off owing you money.

Is it fraud for a company to extend credit to another company? Any company that issues a invoice and allows say 14 days to settle is extending credit to the other party.

prettychill · 2 years ago
It is most certainly fraud to lie about protections in place to protect customer assets. That includes backstop insurance and auto-liquidation practices.
prettychill commented on FTX – The fraud was in the code   newsletter.mollywhite.net... · Posted by u/clwg
shapefrog · 2 years ago
There has obviously been some bad stuff going on over at FTX, but is the counter on a website really the "most" proof that they could find?

https://www.ycombinator.com/ Is every number on that page real time accurate? Is the combined value $600bn - if it is 599bn or even 601bn then ding ding ding we have ourselves fraud.

https://en.wikipedia.org/wiki/National_Debt_Clock - Can I get any and all people behind this (and Similar Projectes) jailed for fraud?

prettychill · 2 years ago
If you actually look at the article the very first code sample shows how certain customers (Alameda) are directly exempt from auto liquidation & can carry negative balances at FTX.
prettychill commented on The FTC sues to break up Amazon over an economy-wide “hidden tax”   thebignewsletter.com/p/th... · Posted by u/PaulHoule
hnuser847 · 2 years ago
The “hidden tax” described in the article is to sellers, not consumers. Free shipping is subsidy for consumers that costs Amazon billions of dollars. I have personally never seen what you’re describing.
prettychill · 2 years ago
this is pretty common from what I have seen. especially with books.
prettychill commented on Apple finally put USB-C in new iPhone, but limited to 23-year-old USB 2.0 speeds   pcgamer.com/apple-finally... · Posted by u/em3rgent0rdr
horsawlarway · 2 years ago
$800 before tax or accessories.

Out the door... Minimum $900 bucks where I live. That feels close enough to a grand that trying to explain away usb 2 speeds with "But it's a budget phone!" is pretty disingenuous.

prettychill · 2 years ago
nobody is calling an iphone a budget phone. adding tax and optional accessories to call this a $1k phone is disingenuous
prettychill commented on Apple finally put USB-C in new iPhone, but limited to 23-year-old USB 2.0 speeds   pcgamer.com/apple-finally... · Posted by u/em3rgent0rdr
Night_Thastus · 2 years ago
That 'non-pro' model is still $1,000.
prettychill · 2 years ago
the iphone 15 starts at 799.
prettychill commented on Modern action films fetishize the body even as they desexualize it (2021)   bloodknife.com/everyone-b... · Posted by u/dogleash
heattemp99 · 2 years ago
I have a feeling not wanting the love of your life to have had sex with many others is pretty engrained in most people. Everyone? No. But I consider what is most common to be close to human nature.
prettychill · 2 years ago
doubtful. I don't think many people care at all, I know I don't

u/prettychill

KarmaCake day67January 25, 2022View Original