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Cake day: February 16th, 2025

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  • This is a CBDC that she wants, something they have been talking about for years. Likely they want this because many European countries wont be able to survive higher interest rates caused by aging demographics, as the US high interest rates suck up global liquidity making rolling over debt more expensive.

    They will be able to slow inflation using the programmability of the money to prevent you from surpassing your allotted climate credits, as they are already forcing companies to measure their c02 usage in a system called the Corporate Sustainability Reporting Directive (CSRD). They will also be able to increase inflation via issuing expiring stimulus, which would allow them to issue stimulus without worrying about the 18 month lag.

    What Europe also wanted was a global climate change system, where they collect tax revenue from carbon credits, which would be charged to foreign emitters. Trump recently front run this with his own tariff system, following project 2025’s idea of eliminating all international tariffs. Though countries like Canada are talking about joining Europes climate plan instead, I think all countries will have to decide where to hand the keys to their domestic economic policy.

    https://climate.ec.europa.eu/eu-action/eu-emissions-trading-system-eu-ets/ets2-buildings-road-transport-and-additional-sectors_en


  • Well if hes following Project 2025, which it seems based on recent comments by Elon Musk, then hes expecting other countries to remove all tariffs first. As you say, chlorinated chicken, but if you dont then you dont get to sell your healthy chickens to America, and all that money you owe thats denominated in USD becomes very hard to acquire.

    Maybe the better option is to allow it but to label it with its harmful chemicals, let the free market decide, in a kind of democratic process of people determining their own marginal utility versus budget constraints. You can still buy cigarettes in the UK and Europe as well, so whats a bit of American chicken versus a lifetime of smoking?




  • Well its going to get more expensive relative as well as oil prices fall globally due to recession. But then we will hit another energy shortage and it will become cheaper, which is why France started building nuclear in the 1970s to begin with.

    It seems to me nuclear takes you off the ebb and flow of global energy prices, I’d prefer spending on nuclear rather than carbon capture which seems to be the existing plan of many countries to combat climate change.




  • Weird they dislike the ECB and the European Union, they give us bangers like bank bail-ins and CBDC, to deal with their strangulation of productivity investment and diminishing living standards.

    To demonstrate my skepticism towards the Europeans’ ability to leave behind their zombie banking system, unmarketable debt, and complete dependence on suppressing price discovery - consider the following policy reactions orchestrated by the European Central Bank (ECB) since the 2008-09 crisis:

    • European Financial Stability Facility (EFSF)

    • European Financial Stabilisation Mechanism (EFSM)

    • European Stability Mechanism (ESM)

    • Outright Monetary Transactions (OMT)

    • Long Term Refinancing Operation (LTRO)

    • Long Term Refinancing Operation II (LTRO)

    • Long Term Refinancing Operation III (LTRO)

    • Tripartite Committee consisting of ECB, IMF, EC agreement (TROIKA)

    • Forced austerity and bailouts of Portugal, Ireland, Italy, Greece, Spain

    • Activation of FED USD Swap Lines

    • Asset Purchase Program (APP)

    • Corporate sector purchase programme (CSPP)

    • Public sector purchase programme (PSPP)

    • Asset-backed securities purchase programme (ABSPP)

    • Covered Bond Purchase Programme (CBPP)

    • Covered Bond Purchase Programme II (CBPP)

    • Covered Bond Purchase Programme III (CBPP)

    • Pandemic Emergency Purchase Programme (PEPP)

    • Quantitative Easing (QE)

    • Zero Interest Rate Policy (ZIRP)

    • Negative Interest Rate Policy (NIRP

    etc…