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Joined 2 years ago
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Cake day: January 22nd, 2024

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  • I, too, am tired of these “any minute now” nonsense about Russia’s potential fall. The problem with people is the craving for instant gratification and results. We’re so pathetic in that regard.

    People with longer optics will say that Putinist Russia will fall, but it will be at any time in the coming years. It’s always a slow burn just like US decline since Iraq and Afgan war. Imperialist escapades will always have negative consequences to the imperialist state which reverberate across time. The only winner coming out of both US and Russian declines is China. Maybe India and Brazil will benefit from this as well. Perhaps Europe as well if Europe could decouple from the US in due time.






  • We laugh at this, but the older generations still remember when the mortgage interest was this high. I don’t know where you guys are from, but there is an old news reel from the 1970s here in Ireland when young families at the time complained of “high” house prices of up to 72,000 pounds, with mortgage interest of 14%. The folks on social media had their jaws dropped on learning of how high the interest rate was, but how cheap the overall property value was back then. Now how much are those said houses at the moment? They are now worth between €690,000 to €1.5 million. High valuation but the interest rate is down in proportion. In any case, only few could afford to buy houses these days due to inflation and wages haven’t kept up with it.