Re: OT: EV Charging Stations Stripped of Copper Cables

On 13/07/2024 1:57 am, The Natural Philosopher wrote:

On 12/07/2024 16:30, Jeroen Belleman wrote:

On 7/12/24 16:45, The Natural Philosopher wrote:

On 12/07/2024 15:25, john larkin wrote:

On Fri, 12 Jul 2024 09:25:51 +0100, Joe <joe@jretrading.com> wrote:
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On Fri, 12 Jul 2024 12:18:39 +1000
Bill Sloman <bill.sloman@ieee.org> wrote:
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On 12/07/2024 7:48 am, Cursitor Doom wrote:

On Thu, 11 Jul 2024 14:30:41 -0700, john larkin wrote:

On Thu, 11 Jul 2024 19:33:41 +0200, Jeroen Belleman
<jeroen@nospam.please> wrote:

On 7/11/24 13:00, Joe wrote:

On Thu, 11 Jul 2024 09:29:33 +0100 The Natural Philosopher
<tnp@invalid.invalid> wrote:

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<sdnip>
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What do you think all those homeless people are going to do when
the debt bomb finally explodes and there's no more money for cops,
the army - or anything else?

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What's a "debt bomb" and how would it explode?
As long as society keeps generating and exchanging goods and services
it's not going to run out of money, which is just medium of exchange.
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What use is the means of exchange if you can't exchange it for anything
meaningful?
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We are already past the point where the alternatives for many countries
are default or hyperinflation, which is just s more spectacular form of
default, and an involuntary one. It happens slowly at first, then all
at once.

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Inflation is a government's way to spend (and usually waste) money
that it doesn't have, by borrowing money that will never be paid back.
It is essentially stealing from its citizens, especially from savings.
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It's dynamically unstable and often runs away. The thing about
inflation is that there's never enough of it. The more you have, the
more you need.
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The price of a loaf of bread, in terms of gold, hasn't changed in 600 years.
A friend bought £10,000 worth of gold in 2004, Its worth £80,000 now

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That's a gross simplification, and not guaranteed to work in the
short term. It's subject to random ups and downs like any other
target of speculators. Moreover, when shit hits the fan, you'll
be required to surrender it to your government in exchange for
money that's being inflated. It has happened before.
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The US has huge stockpiles of gold. It's a bit of a pity to just
hoard a metal that has so many *useful* applications.
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I have a little gold. Its appreciated about 15% in the last year
It is the only really safe long term inflation hedge.

There's nothing safe about it. The price goes up when people are worried about inflation, and goes down again when they aren't, and they aren't all that rational.

The government can't take it off you if they don't know you have it.

But they have lots of ways of finding out.
--
Bill Sloman, Sydney
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