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Joined 1 year ago
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Cake day: July 13th, 2023

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  • You keep posting this graph with no context, but the euro has also had very high inflation.

    This is bad faith and you know it, that’s why you aren’t actually discussing it, just posting a misleading graph.

    USD had 141% cumulative inflation since 1990

    Euro has 115%

    The pound has 143%

    Brazil ( a member of brics) has nearly 1000% since 1994 (25 million percent from 1990 like the other countries.

    China, arguably the biggest contender for stability in brics has 160% inflation.

    Why aren’t you including charts for all of these countries? And why are you using a chart showing inflation values from before USD was used as the international currency in 1944 with the bretton woods conference, without demonstrating why that is important and what it means? Given that this is in the context of global currencies.


  • Isn’t the first graph just general inflation? What does purchasing comparing purchasing power mean in this scenario? And how does it compare to other currencies like the pound or the euro?

    Also the conclusion of the second article you linked seems to indicate that no other large scale currencies are replacing the shares of the US dollar, instead things like gold and diversified currencies are taking up this space, those don’t take the place for international trade.

    Neither of these seem like a death knell for USD to me.


  • I think there are a lot of other factors in that case.

    The biggest reason why it’s rare to see regular cars get to a million miles is because they don’t get driven as much. At the average of 14k miles per year it would take 71 years for someone to drive 1 million miles. Since it takes so long to get there, many non engine related issues start taking hold like rust and obsoletion.







  • Takumidesh@lemmy.worldtomemes@lemmy.worldBeep beep
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    1 month ago

    At 65mph, you cover two car lengths (~30 ft) in about 1/3 of a second.

    Typically human reaction time for braking is about 1.5 seconds.

    If something went seriously wrong in front of you (like a sideways car, or a hidden obstacle in front of the car in front of you) you would have covered 10 car lengths before your foot touches the brake pedal.




  • While trading in general is zero sum, if you believe the product you’re trading has intrinsic value, then no one needs to be holding a bag.

    If I sell you a car and you get to use the car, you wouldn’t be holding the bag, because you wanted the car. This applies to stocks, and stock derivatives, as well as commodities.

    The problem arises when there isn’t an intrinsic value (or the intrinsic value is very small), such as with NFTs or many cryptos in general.

    There are cryptos that have some intrinsic value like monero, since they have fungibility and a use case, but most do not.