this post was submitted on 07 May 2024
98 points (93.8% liked)
News
22543 readers
6081 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
That's bullshit right? This has to he a joke. Please for the love of god let this be a joke?
It is indeed bullshit.
Rockefeller over here... I just finance government cheese on fire sale.
Phantom debt is debt that has not been reported to credit agencies. You know who hates not having that data on you? Credit agencies.
Business cards are useful for this. I have enough revolving credit limits now that it doesn't matter, but at one point I preferred to churn business cards, since a month's worth of expenses could ding my credit.
Maybe the government should actually try protecting people who are obviously too stupid to avoid these predatory practices. Maybe we should invest in an educated country. Maybe this is all working out just fine for businesses tied to politicians and therefore nothing more to worry about.
Woah slow down there with that spicy take friend.
had a rough day, came in hot
Yeah and spend money on education of all things /s
It’s not even material, how will we show it off?
Right... Like if I can't flash it do I even have it? /s
Housing market collapse?
Corporate ownership means the housing market will never collapse
For sure, but there were individuals buying homes too. Also, no savings, no more Airbnb and maybe can’t afford rent. Corporations will lose money, but they can sit on properties indefinitely.
The eventual ending of a scenario can either be government stepping in to take back properties, or one of two darker outcomes, the people take back property by force, or the corporations defend property by force. Imo all outcomes are grim
Surprise twist, Yellowstone suddenly blows up before any of these scenarios play out. The few remaining bacteria take back the properties. With no more scentient life present, "grimness" ceases to be a concept and there is no reflection on the present situation, the past, or potential futures. The outcome simply is.
We can only hope for such an outcome
Ha! You think the American public has the backbone to take anything by force? Not fucking likely. Corps will utilize law enforcement who are already militarized. Large part of the bell curve of the population can't even think for themselves let alone coordinate to do something productive. They haven't got what it takes to stand up for themselves. They think they do but they don't. This goes for both sides of the 2 party system.
It will if we all die and don't need houses
It will be a some sort market collapse. Wish I knew which industries to bet against.
new debt crisis just dropped
Wells Fargo estimates that there's about 46 billion dollars in phantom debt, and that's just from "Buy Now, Pay Later.” And that's just in the US alone.
You can take out microloans for groceries which is nuts but the US is dumb as fuck so ofc they’ll do it.