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RoidingOldMan

@ RoidingOldMan @lemmy.world

Posts
24
Comments
604
Joined
2 yr. ago

  • how much money is there in total?

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  • In this example the bank started with $1 million total. Loaned out $10 million. If the guy paid back $10 mil, the bank would have 10x their starting money.

  • how much money is there in total?

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  • I may have beaten you to it by like 1 minute.

  • how much money is there in total?

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  • Nobody manages money supply vs inflation

    It's managed via interest rates, which to a degree are controlled by the world bank.

  • how much money is there in total?

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  • Fractional reserve banking. You're assuming a 1:1 ratio of debt to assets. That's not the case at all. A bank can have $1 mil on hand and lend out $10 mil plus, as long as they have a high enough percentage available for withdrawals.

    Banks have an infinite money cheat code. In a way. If person gets a loan from a bank, $10 million, which requires the bank to have $1 million on hand. That person then uses the $10 million to pay people. If those people then go... put their money in the bank... The bank now has the same $11 million on hand they started with, a guy who owes them $10 million plus interest, and could now theoretically loan out another $9 million to another person. At that point they'd have $2 million on hand, 2 guys who owe them $19 million. Still within their 10% cash reserves. But wait... one more thing. I was assuming a 10% reserve as a rule. But in same cases they don't even require banks to keep any specific percentage on hand. So the debt to assets ratio could become even more insane.

    the total amount isn’t zero, it’s negative. Is this correct?

    Negative at a 10:1 ratio, maybe even more.

    https://en.wikipedia.org/wiki/Fractional-reserve_banking

    The Federal Reserve does not impose a reserve requirement, but pays interest on reserve balances, influencing the general interest rate level in the economy in that way.[19]

    Just as taking out a new loan expands the money supply, the repayment of bank loans reduces the money supply.[20]

  • Who can guess the episode?

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  • Voyager. Couldn't say which episode.

  • I am Data. Please insert girder.

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  • I'm convinced. Can't be sentient life if it can bend things.

  • Ordinary WiFi can now identify people with near perfect accuracy

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  • The Dark Knight tech was a lot closer than we realized in 2008.

  • Google is replacing search results with only the AI

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  • Google thinks there’s more money in feeding you slop forever. With ads. And a subscription.

    I don't think that's the long term goal. First, they slowly phase out the actual information sources, by making it so you aren't linked to other websites. Now you've got a dependent group who rely in AI as a source of truth, and now they can modify "the truth" whenever you want because it's the only source left. They could re-write human history and only people with books would know the difference.

  • Is it just me or is there an itch that you get every now and then that can ONLY be scratched by watching Blade Runner?

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  • IDK I feel like I never really enjoyed Blade Runner as much as I should have. Like so much Sci-Fi, it's pure setting. They did a 10/10 job on the setting. But the actual plot is pretty meh, I don't really care if he's a robot or not.

  • White House to host mass prayer event to promote Christian origins of the US, wants everyone to pray tomorrow

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  • And yet I was taught in school that people went to America to escape religious persecution.

  • U.S. Intelligence Shows Iran Retains Substantial Missile Capabilities

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  • Won this war in "the first hour." Still there months later with no end in sight.

  • Me_irl

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  • The only interruption is the 'experiencing interruptions?' thing.

  • Removed Deleted

    Permanently Deleted

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  • There is probably a way to leak this and also protect yourself. The biggest issue is you need to leave your job.

  • Trump’s abrupt U-turn on a plan to reopen the Strait of Hormuz came after backlash from allies

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  • It's been closed THE WHOLE TIME. It was never open. We keep getting headlines that it's opening and then like 2 hours later it's closed again. These are stock market manipulation rumors, not actual news.

  • What are some social media platforms everyone should know?

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  • YSK social media makes your social skills worse.

  • authority and morality

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  • In the battle of knowledge vs. religion, they believe religion is better and should replace knowledge.

  • Louisiana House candidate sues over suspended primary

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  • Kinda insane they're trying to change the rules for voting about 2 weeks before the election, when people have already started voting.

  • Has their ever been a war of words in history between a comedian and a leader? As bad as Kimmel and Trump?

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  • The MAHA movement is mad about the weedkiller glyphosate and Trump's EPA

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  • I'm surprised that they're surprised. MAHA aligned with MAGA because they supported deregulation. On things like raw milk. That's where the interests align. Baffling to me that anyone who cared about MAHA thought that Trump's EPA would do anything besides deregulation.

  • Technology @lemmy.world
    RoidingOldMan @lemmy.world

    AI 2027

    ai-2027.com
  • politics @lemmy.world
    RoidingOldMan @lemmy.world

    Trump tells CNN Cuba is soon going to fall: ‘I’m going to put Marco over there’

    edition.cnn.com /2026/03/06/politics/trump-cuba-marco-rubio-fall
  • No Stupid Questions @lemmy.world
    RoidingOldMan @lemmy.world

    Why is the USA attacking Iran?

  • No Stupid Questions @lemmy.world
    RoidingOldMan @lemmy.world

    How would you describe that post sneeze smell?

  • NFL @lemmy.world
    RoidingOldMan @lemmy.world

    Chiefs' Patrick Mahomes suffers torn ACL in loss to Chargers

    www.espn.com /nfl/story/_/id/47306436/patrick-mahomes-exits-knee-injury-chiefs-playoff-hopes-end
  • NFL @lemmy.world
    RoidingOldMan @lemmy.world

    Eagles QB Jalen Hurts first with 2 turnovers on same play

    www.espn.com /nfl/story/_/id/47252428/philadelphia-eagles-qb-jalen-hurts-first-commit-2-turnovers-same-play
  • News @lemmy.world
    RoidingOldMan @lemmy.world

    CBS to Cancel ‘Late Show With Stephen Colbert’ Citing ‘Financial Decision’

    variety.com /2025/tv/news/cbs-cancel-late-show-stephen-colbert-financial-decision-1236464356/
  • News @lemmy.world
    RoidingOldMan @lemmy.world

    (After fighting Jake Paul on Saturday) Julio Cesar Chavez Jr arrested by ICE, facing immediate deportation

    www.badlefthook.com /2025/7/3/24461198/julio-cesar-chavez-jr-arrested-by-ice-facing-immediate-deportation-boxing-news-2025
  • No Stupid Questions @lemmy.world
    RoidingOldMan @lemmy.world

    Does alcohol speed up evolution?

  • No Stupid Questions @lemmy.world
    RoidingOldMan @lemmy.world

    Why hasn't congress passed a law saying that you can only deport people back to their own country?

  • Ask Lemmy @lemmy.world
    RoidingOldMan @lemmy.world

    How much is this jar of coins worth?

  • A Boring Dystopia @lemmy.world
    RoidingOldMan @lemmy.world

    Madison Square Garden’s surveillance system banned this fan over his T-shirt design. And he didn’t even wear it to the venue.

    www.theverge.com /news/637228/madison-square-garden-james-dolan-facial-recognition-fan-ban
  • Mildly Infuriating @lemmy.world
    RoidingOldMan @lemmy.world

    The price breakdown of my flight is kinda funny, 80% taxes and fees

  • Mildly Infuriating @lemmy.world
    RoidingOldMan @lemmy.world

    Google's AI is using past tense to describe a sporting event that takes place in 3 days. And it knows who won too.

  • Movies @lemmy.world
    RoidingOldMan @lemmy.world

    Feels like every action movie in the 21st century is about revenge killing

  • NFL @lemmy.world
    RoidingOldMan @lemmy.world

    Source: Cowboys RB Elliott out due to disciplinary reasons

    www.espn.com /nfl/story/_/id/42152540/source-cowboys-rb-elliott-due-disciplinary-reasons
  • NFL @lemmy.world
    RoidingOldMan @lemmy.world

    Jets flop again, vs. Pats: 'A moment of darkness'

    www.espn.com /nfl/story/_/id/42040334/new-york-jets-react-demoralizing-fifth-straight-loss-new-england-patriots
  • NFL @lemmy.world
    RoidingOldMan @lemmy.world

    Chris Godwin injury update: Buccaneers WR dislocated ankle vs. Ravens

    www.usatoday.com /story/sports/nfl/buccaneers/2024/10/21/chris-godwin-injury-update-buccaneers-ravens/75786608007/
  • NFL @lemmy.world
    RoidingOldMan @lemmy.world

    Browns' Watson carted off with noncontact injury

    www.espn.com /nfl/story/_/id/41906271/browns-deshaun-watson-carted-noncontact-leg-injury
  • NFL @lemmy.world
    RoidingOldMan @lemmy.world

    Bills land star WR Cooper in trade with Browns

    www.espn.com /nfl/story/_/id/41813493/bills-trade-browns-wr-amari-cooper-sources-say