The Weimar reborn

[EvilCat Breath]

In the dying days of the Weimar Republic inflation was so rampant workers got paid every day hoping they could buy some necessities before the price rose.

This is our new normal. Until our Adolph.

A new recruitment tool for employers — paying workers every day

Apps like Branch and DailyPay give workers the option to tap their wages just moments after finishing their shift.

www.cbsnews.com

 

[westwall]

In the dying days of the Weimar Republic inflation was so rampant workers got paid every day hoping they could buy some necessities before the price rose.

This is our new normal. Until our Adolph.

A new recruitment tool for employers — paying workers every day

Apps like Branch and DailyPay give workers the option to tap their wages just moments after finishing their shift.

www.cbsnews.com

Yup. We are following the collapse of Germany, and the fascist takeover very closely.

 

[EvilCat Breath]

Yup. We are following the collapse of Germany, and the fascist takeover very closely.

Right down to the degeneracy.

 

[fncceo]

Right down to the degeneracy

That's the best part!

 

[MisterBeale]

Wow. That sounds like a disaster for folks that can't budget to begin with.

 

[Biff_Poindexter]

The fragility

 

[Mac1958]

This is our new normal. Until our Adolph.

And there ya go.

Always nice when they self-identify for us.

 

[Biff_Poindexter]

And there ya go.

Always nice when they self-identify for us.

Problem is...

When you ask these folks to really explain the similarities between back then in 1930's Weimar and today.....they run into trouble.....

 

[alang1216]

In the dying days of the Weimar Republic inflation was so rampant workers got paid every day hoping they could buy some necessities before the price rose.

This is our new normal. Until our Adolph.

A new recruitment tool for employers — paying workers every day

Apps like Branch and DailyPay give workers the option to tap their wages just moments after finishing their shift.

www.cbsnews.com

It is not inflation that is behind it but the fact that so many live paycheck to paycheck. They need a continuous influx of cash and can't wait weeks for their money.

 

[danielpalos]

In the dying days of the Weimar Republic inflation was so rampant workers got paid every day hoping they could buy some necessities before the price rose.

This is our new normal. Until our Adolph.

A new recruitment tool for employers — paying workers every day

Apps like Branch and DailyPay give workers the option to tap their wages just moments after finishing their shift.

www.cbsnews.com

Thank goodness we have a better understanding of economics now and no Treaty Obligations sanctioning our economy.

We can even invest in crypto-currency instead of Gold now.

 

[EvilCat Breath]

It is not inflation that is behind it but the fact that so many live paycheck to paycheck. They need a continuous influx of cash and can't wait weeks for their money.

Weeks? They can't wait days. They will get paid day by day until. There is no money to pay the rent, car payment.

 

[westwall]

The fragility

Doesn't come close to your stupidity.

 

[alang1216]

Weeks? They can't wait days. They will get paid day by day until. There is no money to pay the rent, car payment.

We agree on the problem, but what is the solution? Daily paychecks may put payday loan parasites out of business but the need will still exist.

 

[EvilCat Breath]

We agree on the problem, but what is the solution? Daily paychecks may put payday loan parasites out of business but the need will still exist.

The solution is for individuals to learn how to control their need for immediate gratification.

 

[MisterBeale]

We can even invest in crypto-currency instead of Gold now

Actually, no, you can't.

That infrastructure bill has made crypto-currency purchases against the law.

IRS reporting requirement: Why crypto and NFT fans are worried about the infrastructure bill​

IRS reporting requirement: Why crypto and NFT fans are worried about the infrastructure bill

Industry groups are concerned about a ‘digital assets’ provision that may require reporting cryptocurrency transactions to the Internal Revenue Service.

www.fastcompany.com

“Miners, stakers, lenders, decentralized application and marketplace users, traders, businesses, and individuals are all at risk of being subject to this reporting requirement, even though in most situations the person or entity in receipt is not in the position to report the required information,” warned attorney Abraham Sutherland, an adjunct professor at the University of Virginia School of Law and advisor to the Proof of Stake Alliance, an industry group, in a September report.

Decentralized finance, or defi, operations, where automated smart contracts essentially provide financial services, could also be affected by the provision, warn people in the industry.
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“This 6050I provision in the infrastructure bill seems like a disaster if I understand it,” said Coinbase CEO Brian Armstrong in a tweet. “Criminal felony statute that could freeze a lot of healthy crypto behavior (like Defi).”

The way the attorneys seem to be reading it? The use of any anonymous block chain currency. . . will then make you a. . . criminal.

 

[MisterBeale]

It is not inflation that is behind it but the fact that so many live paycheck to paycheck. They need a continuous influx of cash and can't wait weeks for their money.

You think those would tend to vote DNC or GOP?

 

[Lastamender]

That's the best part!

Incestuous pervert in chief. They say Hitler would lay under a glass table while Eva squatted on top and shit while Hitler whacked his Biden. Dr Jill are you listening?

 

[danielpalos]

Actually, no, you can't.

That infrastructure bill has made crypto-currency purchases against the law.

IRS reporting requirement: Why crypto and NFT fans are worried about the infrastructure bill​

IRS reporting requirement: Why crypto and NFT fans are worried about the infrastructure bill

Industry groups are concerned about a ‘digital assets’ provision that may require reporting cryptocurrency transactions to the Internal Revenue Service.

www.fastcompany.com

“Miners, stakers, lenders, decentralized application and marketplace users, traders, businesses, and individuals are all at risk of being subject to this reporting requirement, even though in most situations the person or entity in receipt is not in the position to report the required information,” warned attorney Abraham Sutherland, an adjunct professor at the University of Virginia School of Law and advisor to the Proof of Stake Alliance, an industry group, in a September report.

Decentralized finance, or defi, operations, where automated smart contracts essentially provide financial services, could also be affected by the provision, warn people in the industry.
advertisement

“This 6050I provision in the infrastructure bill seems like a disaster if I understand it,” said Coinbase CEO Brian Armstrong in a tweet. “Criminal felony statute that could freeze a lot of healthy crypto behavior (like Defi).”

The way the attorneys seem to be reading it? The use of any anonymous block chain currency. . . will then make you a. . . criminal.

A reporting requirement is not criminalization.

 

[MisterBeale]

 

[MisterBeale]

A reporting requirement is not criminalization.

What if the folks that are mining. . . (which, you do know, they have miners in N. Korea, Iran, etc.,) don't provide information?

Then what?

What if the investment platform you get your crypto from, doesn't give you information from who mined the original crypto? Then what?



How can you make a report if the folks that mined the crypto didn't give the information?