#121
penitent
Post rating: ~
although i agree that everyone should buy loads of stuff and then default, because Accelerationism, and also because you could use the sense of loss when its repossessed to write some cool poetry
#122
Post rating: ~

babyhueypnewton posted:

p much everyone in lf has read Debt by Graeber by now. it's pretty obvious there's going to be a debt jubilee within the next 10 years or so. my advice is to get as much stuff on credit, maybe steal a bunch of college loan money, and wait for the revolution.



lol yeah i agree. 100%.

#123
Post rating: +
i was reading map and the territory last night and there was a good passage about cars being one of the last temporary autonomous zones of our society
#124
Post rating: ~
Even comrade Stalin loved suburbia, which is why he lived in the isolated Kuntsevo dacha and commuted into work by private car.
#125
mt.real
Post rating: ~
i've been telling people that since 2008, unironically, not that there would be a debt jubilee but if you want to own anything buy it now on credit (like, say, a house) and don't worry about your ability to pay because they can't foreclose on all of the united states all at the same time. and definitely don't worry about your credit cards. whatever. everything is going down the tubes anyway

i advised a friend in 05 or something to walk away from his mortgage payments and move and live a life free of giving a shit. he did and he's very happy now. free yourself

it definitely doesn't make any sense to be the one guy who is sitting there smugly not having any debt yelling about MY PRINCIPLES. incur debt to corporations and never pay it. defrauding corporations hurts no one and no one really minds
#126
Post rating: ~

babyhueypnewton posted:

p much everyone in lf has read Debt by Graeber by now. it's pretty obvious there's going to be a debt jubilee within the next 10 years or so. my advice is to get as much stuff on credit, maybe steal a bunch of college loan money, and wait for the revolution.



are you serious or being ironic here

#127
Post rating: +
yeah none of that is going to happen
#128
[account deactivated]
#129
Post rating: ~
https://soundcloud.com/cokemachineglow/the-hood-internet-love-is-a
#130
Mike Nelson here.
Post rating: ~
i sort of just assume i'm likely to live on less than $20,000 a year for a long time and if it bumps higher due to a real job than that then that's gravy, who cares how much the debt vultures take, i get to live in the magical free world.
#131
Poronto
Post rating: +
they will literally bring back indentured servitude and the economist would be all like "shoulda thought about that before you bought your plasma tv and your diabetes medication"
#132
[account deactivated]
#133
Not Your S.H.I.E.L.D.
Post rating: +
lol this entire last page is like the deadbeat college grad version of a messianic doomsday cult pamphlet
#134
Not Your S.H.I.E.L.D.
Post rating: +

drwhat posted:

incur debt to corporations and never pay it. defrauding corporations hurts no one and no one really minds



its more than just not hurting the banks, it actively benefits them. theres a reason GDP calculations contain the sum total of debt as a positive

but sure, everyone should just Capitalism as hard as they fucking can until suddenly, somehow, Socialism

#135
penitent
Post rating: ~
yeah thats how aufheben works
#136
Post rating: ~

Superabound posted:

drwhat posted:

incur debt to corporations and never pay it. defrauding corporations hurts no one and no one really minds

its more than just not hurting the banks, it actively benefits them. theres a reason GDP calculations contain the sum total of debt as a positive

but sure, everyone should just Capitalism as hard as they fucking can until suddenly, somehow, Socialism



we need to turn the us into an oligarchy

then turn russia into communist

#137
Post rating: ~
taking out debt from a corporation and then not paying it actively hurts them you idiot. whether it has a larger effect is questionable but that's not what you're saying
#138
Not Your S.H.I.E.L.D.
Post rating: ~

Impper posted:

taking out debt from a corporation and then not paying it actively hurts them you idiot. whether it has a larger effect is questionable but that's not what you're saying



yeah, just look at how much the record amounts of public debt are hurting corporate profits right now. look at it. those poor hurting coporations. lol ya big dummy

#139
Post rating: ~
you're absolutely uniquely dumb. its really amazing
#140
Post rating: ~

Superabound posted:

Impper posted:

taking out debt from a corporation and then not paying it actively hurts them you idiot. whether it has a larger effect is questionable but that's not what you're saying

yeah, just look at how much the record amounts of public debt are hurting corporate profits right now. look at it. those poor hurting coporations. lol ya big dummy



but the point is to cause disorder and instability, not help or hurt one liberal institution at the expense/benefit of another

#141
Post rating: ~
those phantom corporate profits were down when people were defaulting during the crisis. record levels of public debt are fine as long as people aren't defaulting
#142
Post rating: ~

Superabound posted:

Impper posted:

taking out debt from a corporation and then not paying it actively hurts them you idiot. whether it has a larger effect is questionable but that's not what you're saying

yeah, just look at how much the record amounts of public debt are hurting corporate profits right now. look at it. those poor hurting coporations. lol ya big dummy



by your logic people shouldn't piss in coca cola machines because it creates work for janitors, boosting aggregate demand

#143
Post rating: ~

mustang19 posted:

Superabound posted:

Impper posted:

taking out debt from a corporation and then not paying it actively hurts them you idiot. whether it has a larger effect is questionable but that's not what you're saying

yeah, just look at how much the record amounts of public debt are hurting corporate profits right now. look at it. those poor hurting coporations. lol ya big dummy

but the point is to cause disorder and instability, not help or hurt one liberal institution at the expense/benefit of another

personal defaults don't cause disorder or instability either

#144
Post rating: ~

Impper posted:

mustang19 posted:

Superabound posted:

Impper posted:

taking out debt from a corporation and then not paying it actively hurts them you idiot. whether it has a larger effect is questionable but that's not what you're saying

yeah, just look at how much the record amounts of public debt are hurting corporate profits right now. look at it. those poor hurting coporations. lol ya big dummy

but the point is to cause disorder and instability, not help or hurt one liberal institution at the expense/benefit of another

personal defaults don't cause disorder or instability either



lol what do you think caused the financial crisis. isnt a CRISIS a form of instability.

just give up, you can't win on my terms.

#145
Post rating: ~

mustang19 posted:

Impper posted:

mustang19 posted:

Superabound posted:

Impper posted:

taking out debt from a corporation and then not paying it actively hurts them you idiot. whether it has a larger effect is questionable but that's not what you're saying

yeah, just look at how much the record amounts of public debt are hurting corporate profits right now. look at it. those poor hurting coporations. lol ya big dummy

but the point is to cause disorder and instability, not help or hurt one liberal institution at the expense/benefit of another

personal defaults don't cause disorder or instability either

lol what do you think caused the financial crisis. isnt a CRISIS a form of instability.

just give up, you can't win.

it was a systemic problem, it had nothing to do with whether uncle bill decided he could get ahead by not paying his mortgage anymore. personal defaults are personally beneficial but have absolutely nothing to do with the trajectory of the total system. saying that a personal default is effective is about the same as saying that a kiva microloan is effective. but even less so

#146
Post rating: ~

Impper posted:

mustang19 posted:

Impper posted:

mustang19 posted:

Superabound posted:

Impper posted:

taking out debt from a corporation and then not paying it actively hurts them you idiot. whether it has a larger effect is questionable but that's not what you're saying

yeah, just look at how much the record amounts of public debt are hurting corporate profits right now. look at it. those poor hurting coporations. lol ya big dummy

but the point is to cause disorder and instability, not help or hurt one liberal institution at the expense/benefit of another

personal defaults don't cause disorder or instability either

lol what do you think caused the financial crisis. isnt a CRISIS a form of instability.

just give up, you can't win.

it was a systemic problem, it had nothing to do with whether uncle bill decided he could get ahead by not paying his mortgage anymore. personal defaults are personally beneficial but have absolutely nothing to do with the trajectory of the total system. saying that a personal default is effective is about the same as saying that a kiva microloan is effective. but even less so



but microcredit supports the capitaqlist system, it claims to be financial globalization's antidote to the stagnation and underdevelopment it creates. individual defaults may not matter, but assassinating muhammad yunus will.

#147
Post rating: +
more and more i'm questioning why i chose to get my economic theory from self-published rape novelists instead of my university profs
#148
Post rating: ~

Bablu posted:

more and more i'm questioning why i chose to get my economic theory from self-published rape novelists instead of my university profs



i am an economist

a blogconomist in fact

assassinating muhammad yunus is not an economic issue, it is a thanatological-ballistic issue

#149
Post rating: ~

littlegreenpills posted:

they will literally bring back indentured servitude and the economist would be all like "shoulda thought about that before you bought your plasma tv and your diabetes medication"


this is pretty much how it is now

50% of the people in my office are debt slaves basically.

#150
Not Your S.H.I.E.L.D.
Post rating: ~

Impper posted:

those phantom corporate profits were down when people were defaulting during the crisis. record levels of public debt are fine as long as people aren't defaulting



profits temporarily being "down" for Too Big To Fail institutions also does not hurt those institutions. do you not understand that all these debts and so-called setbacks are leveraged to hell and back at the financial, governmental, and societal levels?

what was the end result of a handful poor families defaulting on their debts ~2007-2008? A massive $32 trillion dollar infusion of taxpayer dollars into the international banking slush fund and a GLOBAL JUSTIFICATION FOR REGRESSIVELY DRACONIAN AUSTERITY MEASURES. These motherfuckers spend their entire lives playing with capital, debt, and the manipulation of fictional quantities, and they literally write our laws and financial regulations. You think they would hand you a single dollar without having already figured out how to make that transaction work in their favor regardless of your future actions? Oh yeah wow, youve totally got it figured out dont you, just buy thousands of dollars of patio furniture and French literature and then dont pay your debts, theyll never see it coming. Wake up sheeple. Audit the Fed. RON PAUL 2012

#151
Post rating: ~

Superabound posted:

Impper posted:

those phantom corporate profits were down when people were defaulting during the crisis. record levels of public debt are fine as long as people aren't defaulting

profits temporarily being "down" for Too Big To Fail institutions also does not hurt those institutions. do you not understand that all these debts and so-called setbacks are leveraged to hell and back at the financial, governmental, and societal levels?

what was the end result of a handful poor families defaulting on their debts ~2007-2008? A massive $32 trillion dollar infusion of taxpayer dollars into the international banking slush fund and a GLOBAL JUSTIFICATION FOR REGRESSIVELY DRACONIAN AUSTERITY MEASURES.



and third worldist peoples war in greece

These motherfuckers spend their entire lives playing with capital, debt, and the manipulation of fictional quantities, and they literally write our laws and financial regulations. You think they would hand you a single dollar without having already figured out how to make that transaction work in their favor regardless of your future actions? Oh yeah wow, youve totally got it figured out dont you, just buy thousands of dollars of patio furniture and French literature and then dont pay your debts, theyll never see it coming. Wake up sheeple. Audit the Fed. RON PAUL 2012



virgil goode 2012, if the president tried to expel all black/hispanic people it would immediately trigger class war. we would probably get enough liberals on our side to win, then seize power and exterminate all liberals. nationalist/fascist parties are best.

#152
Not Your S.H.I.E.L.D.
Post rating: +

mustang19 posted:

by your logic people shouldn't piss in coca cola machines because it creates work for janitors, boosting aggregate demand



this is EXACTLY why i dont piss in coca cola machines!

#153
Post rating: ~

Superabound posted:

mustang19 posted:

by your logic people shouldn't piss in coca cola machines because it creates work for janitors, boosting aggregate demand

this is EXACTLY why i dont piss in coca cola machines!



then re examine your social praxis, so as to piss in bourgeois soda machines without a second of deliberation

#154
Not Your S.H.I.E.L.D.
Post rating: +
"egads, i was hoping for a nice frosty 50p beverage, but it appears some anarchist hooligan has micturated all over the gears of Capitalism! guess ill have to drive my internal combustion machine over to the British Petroleum dispensary and purchase one there. You know, while im at it i might as well pick up a pack of six, and maybe a parcel of crisps as well"
#155
Post rating: ~

Superabound posted:

"egads, i was hoping for a nice frosty 50p beverage, but it appears some anarchist hooligan has micturated all over the gears of Capitalism! guess ill have to drive my internal combustion machine over to the British Petroleum dispensary and purchase one there. You know, while im at it i might as well pick up a pack of six, and maybe a parcel of crisps as well"



stimulating aggregate demand stimulates the collapse of capitalism

#156
Not Your S.H.I.E.L.D.
Post rating: ~
im in love. with Debt
#157
Post rating: ~

Superabound posted:

im in love. with Debt



then collect food stamps, micturate in chips, and resell them

#158
Not Your S.H.I.E.L.D.
Post rating: +

mustang19 posted:

stimulating aggregate demand stimulates the collapse of capitalism



capitalism is fueled entirely by its own endless collapse, like a star's gravity

#159
Post rating: ~

Superabound posted:

mustang19 posted:

stimulating aggregate demand stimulates the collapse of capitalism

capitalism is fueled entirely by its own endless collapse, like a star's gravity



write that out using piss-adhered chips, send it to the guggenheim with a bomb, and you have a deal

#160
Post rating: ~

Impper posted:

mustang19 posted:

Superabound posted:

Impper posted:

taking out debt from a corporation and then not paying it actively hurts them you idiot. whether it has a larger effect is questionable but that's not what you're saying

yeah, just look at how much the record amounts of public debt are hurting corporate profits right now. look at it. those poor hurting coporations. lol ya big dummy

but the point is to cause disorder and instability, not help or hurt one liberal institution at the expense/benefit of another

personal defaults don't cause disorder or instability either



thanks for giving up impper, that was nice of you