#debt

31 posts · Last used 17d

#Argentina #Milei #english #news Last Thursday students protested because Javier Milei is paying ~5.5 USD per hour to university teachers (average). They are just asking for ~8 USD per hour of pay (yes! that low!) but Milei instead sends the police to gas them and shoot rubber bullets at them. This is not asking for more. They are asking to get the same purchasing power as in 2023, which was already low... For 2024, 2025 and 2026, university teachers have been living with equiv. 5.5 USD/hour in a country that is more expensive every day. (yes! Milei has inflation in USD) Milei's economics is based on destroying public services and public infrastructure by not paying the bills and generating public #debt It is a complete failure and, as in other places like #France, it can only end in a social catastrophe. This excellent picture got very popular and that is the TL;DR; story behind it.
3
0
5
0
Replying to
Long thread/9
Sensitive
1
12
0
0
A quotation from La Rochefoucauld ‘Tis a small misfortune to oblige an ungrateful man; but it is unbearable to be obliged by a scoundrel.   [Ce n’est pas un grand malheur d’obliger des ingrats, mais c’en est un insupportable d’être obligé à un malhonnête homme.] François VI, duc de La Rochefoucauld (1613–1680) French epigrammatist, memoirist, noble Réflexions ou sentences et maximes morales [Reflections; or Sentences and Moral Maxims], ¶317 (1665-1678) [tr. Bund/Friswell (1871)] More about (and translations of) this quote: wist.info/la-rochefoucauld-fra… #quote #quotes #quotation #qotd #larochefoucauld #debt #favor #gratitude #hardship #ingratitude #jerk #knave #misfortune #obligation #returnfavors #scoundrel
0
0
0
0
Consumers using savings to pay for essentials and piling up debt: Equifax Canadians continue to face financial strain amid the heightened cost of living, according to the latest report from Equifax, which shows younger people generally struggle the most. #Canada #Consumer #Money #Affordability
0
0
0
0
Consumers using savings to pay for essentials and piling up debt: Equifax Canadians continue to face financial strain amid the heightened cost of living, according to the latest report from Equifax, which shows younger people generally struggle the most. #Canada #Consumer #Money #Affordability
0
0
0
0
Consumers using savings to pay for essentials and piling up debt: Equifax Canadians continue to face financial strain amid the heightened cost of living, according to the latest report from Equifax, which shows younger people generally struggle the most. #Canada #Consumer #Money #Affordability
0
0
0
0
Consumers using savings to pay for essentials and piling up debt: Equifax Canadians continue to face financial strain amid the heightened cost of living, according to the latest report from Equifax, which shows younger people generally struggle the most. #Canada #Consumer #Money #Affordability
0
0
0
0
Replying to
so it should be clear then that #ManifestDestiny is a secularization of the #DivineRight to rule claimed by nobilities. and it should explain why #blanqueamiento and #ManifestDestiny were ok with the millions of europeans migrating after 1898 regardless of their “limpia” status. mass migration satisfied their goal of killing off and expropriating as many afro/indigenous people across the Américas as possible & repopulating with #DEBT SLAVES, aka indentured workers 🧵…
30
6
14
0
RE: https://thelounge.network/@LogicalApex/117015592498964606 indentured servitude is #slavery by #debt. #healthCare tied to #employment is an engineered debt. the usa health care by employment is a form of indentured servitude. in other words: EMPLOYMENT IN THE UNITED STATES IS A FORM OF DEBT SLAVERY. doubly so if you have debt by #studentLoans. #PuertoRico outlawed debt slavery because post-slavery plantation workers were locked into their jobs by debt ―always to the plantation owner― they couldn’t retire in bankruptcy. like today's student loans.
Quoting
RE: https://mstdn.social/@DemocracyMattersALot/117015564383055179 This is the main reason employers don't want fundamental changes to the US healthcare system. Their share of the costs has increased heavily over the last two decades, but they love its impact on employee retention. This is a feature not a bug. #healthcare #affordableHealthCare
Open quoted post
20
2
28
0
https://keenlens.substack.com/p/the-bank-of-england-admitted-in-2014 'I see everyday #politicians repeat like parrots #economic propositions they don't even start to understand, defending a model that a central #bank admitted was wrong over twelve years ago. ... The #Greens propose actual structural change and get labelled "communist" by people who have never read a balance sheet or a #Lenin text. The heterodox approach #predicted #2008, predicted the #housing #crisis, and predicted the current private #debt trap. The orthodox models predicted none of it ...' 'The orthodox model was declared wrong by the Bank of #England in 2014. Their paper “#Money Creation in the Modern Economy” stated plainly: #banks do not lend out deposited #reserves in a multiplier chain. Banks create #deposits when they make #loans ...' (NZ's Social Credit Party got a Court to agree five decades earlier.) 'The consequences are not theoretical or academic. When you worship the wrong model, you can’t do anything else than design the wrong #policy. You pretend not to see the #monopoly extracting over 6 billions from a #mortgage market they control 87% of. You don’t see that raising rates shift #income from #borrowers to banks and does not touch the supply of housing stock. You end up believing the #household metaphor is literal — that the Crown pockets are empty — when #NZ’s #Crown debt is 44% of #GDP...' (The OECD average is about twice that.) '... #Galileo was almost burned at stake for simply asking the #Inquisition #judges to look in the telescope. Same old, same old.' '..... 'Gentlemen, it is clear cut #class #warfare, and the #vested interests are so encrusted in #society that they are winning. Remember that their main weakness is in numbers, they are damaging and literally #robbing the majority of us, of the New Zealand society and brainwashing many trees to think that voting for the axe is the #prudent, #family sensible thing to do. The only chance you have is when numbers talk. The #election is coming...'
9
3
9
0
Next in Abuja, four governments will do something that sounds, on paper, like a belated act of economic self-respect. Nigeria, Ghana, Côte d'Ivoire and Cameroon between them the source of roughly two-thirds of the cocoa that becomes the world's chocolate will sign the Abuja Declaration and stand up a Cocoa Value Addition Alliance, a coordinated attempt to stop shipping out raw beans and start capturing some of the value that currently accrues, almost entirely, to everyone else. Nigeria will additionally sign its own Cocoa Value Addition Accord, a domestic compact roping in governors, farmer groups, financiers and researchers into the project of turning bean into brand rather than bean into someone else's bar.
Sensitive
4
0
1
0