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re: February 4th
Posted on 2/7/26 at 4:13 pm to wdhalgren
Posted on 2/7/26 at 4:13 pm to wdhalgren
quote:
For economic reasons, I think voluntary crowdfunding has a limited lifespan. Without a gamechanging breakthrough in energy supply, our debt-sodden financial condition ends badly, and use of monetary policy to keep the country solvent is running out of road. Priorities will change.
I'd disagree on this one. I already pay 5, 10 and 20 dollars a month for so much shite that I can't even remember it all. This will end up just being one more of those things. Crowdfunding NIL is probably more reliable in the long run than counting on a few big whales and making sure you keep them happy and they don't stop cutting big checks.
Also, too much debt is bad and it's an issue, but Japan's debt has been 3 times larger than its GDP for the last 15 years, and they haven't crashed and burn. Warren Buffett has a lot of money tied up in the Japanese economy. People in America won't be eating pigeons and rats at any point because we have too much debt.
This post was edited on 2/7/26 at 4:22 pm
1
Posted on 2/7/26 at 4:56 pm to Violent Hip Swivel
quote:
I'm also glad there haven't been any comments yet from people bragging about how they'll never spend a penny donating to the Georgia NIL as if it's some sort of flex.
I’ll gladly pay $75 a month (maybe a little more) if it for sure puts our athletic programs in NC contention every year.
Posted on 2/8/26 at 12:31 pm to Violent Hip Swivel
quote:
Also, too much debt is bad and it's an issue, but Japan's debt has been 3 times larger than its GDP for the last 15 years, and they haven't crashed and burn. Warren Buffett has a lot of money tied up in the Japanese economy. People in America won't be eating pigeons and rats at any point because we have too much debt.
It's not worth debating anymore, and this is the wrong place to do it. I'll just say that you could not be more wrong about debt, including US debt. Debt is risk and that risk never goes away unless it's paid down in real terms. Monetary manipulations are a form of doubling down and transferring/transforming debt risk. Payment is coming due at a fast pace.
If you have a choice, I recommend the pigeon; it's not bad if properly prepared.
This post was edited on 2/8/26 at 2:05 pm
Posted on 2/8/26 at 1:02 pm to wdhalgren
I think what he means is that if all our enemies we owe money to decided to call in their debts and bankrupts the US, it also bankrupts them.
Posted on 2/9/26 at 12:26 am to wdhalgren
quote:
Payment is coming due at a fast pace.
What does this even mean lol?
Posted on 2/9/26 at 5:47 am to deeprig9
quote:
I think what he means is that if all our enemies we owe money to decided to call in their debts and bankrupts the US, it also bankrupts them.
Posted on 2/9/26 at 2:43 pm to Violent Hip Swivel
quote:
What does this even mean lol?
Apropos the subject of this thread, it means that voluntary crowdfunding for financing college football rosters has a limited lifespan.
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