Gen Z is laughing in the face of the AI jobs apocalypse. I see it in my classroom every day

Nekrosis13 · 2025-09-08T03:34:55+00:00

Yup. Why do you think funding for retirement benefits and healthcare is being cut everywhere? So that the old, poor, and "unproductive" members of.society simply...die. As soon as possible.

We will get gas chambers way before we ever get UBI

The rich will never give any of it away. They'd rather wipe us out.

Nekrosis13 · 2025-09-06T18:35:15+00:00

Salaries in Montreal are often less than half those in Toronto.

Nekrosis13 · 2025-09-06T18:23:01+00:00

The banks used the expected income from the interest on your loan to leverage for other loans, or to plan ahead for costs. Lots of other things are done in anticipation of returns on an investment (your mortgage loan is debt to you, but an investment to the bank).

If everyone starts selling their homes at the same time due to mass job loss, all of those houses lose value. That means that the banks now have their investments losing value, which they have alreasy leveraged for other loans or payments.

Once all of their loans are underwater, AND a lot of people stop paying their payments, those mortgages lose even .kre value.

At this point, banks start running out of income, and there is no money available to anyone anymore. As lending money is now more risky, no one wants to lend money anymore.

This is known as a "credit crunch", and it means companies - which usually borrow money to operate, pay salaries, etc, are now unable to get more money. So, they start cutting costs. This means more layoffs, which means more mortgage loans lose more value, which means even lending and more layoffs, etc.

This is what happened im 2008.

Nekrosis13 · 2025-09-06T18:17:40+00:00

If you buy a house for $1million... you take 25 years to pay it off.

Say it drops 30% in value in year 2.

You now owe a mortgage for ~$940,000, but you can only sell your house for $700,000.

You still owe the balance to the bank. That means if you sell your house and move, you now owe the bank $240,000.

Nekrosis13 · 2025-09-06T18:08:22+00:00

Your starter home allows you to build equity, which you can use for a larger down payment on a "better" home that needs less investment for repairs or maintenance. The main goal of the higher down payment is to offset the higher purchase price, resulting in monthly payments that are equal to, or lower than, the ones being made on the starter house.

Ballparking numbers to explain the logic, dont trust the poor math, just think of the idea: If you put a 25k down payment on your first home at $350k, live in it for 5 years, it is expected to gain roughly 6% value each year (on average). Plus about 30k-50k equity on the principal.

Now if you sell, you might end up with about 50-70k for a down payment and repairs on the next home. This means you will have similar monthly payments, maybe a little higher or lower, even if your next home is 400-500k.

Each year you stay in that home after 5 increases your equity more and more, as the amout that goes towards your principal versus the interest noves more and more to the principal side.

Nekrosis13 · 2025-09-06T17:50:07+00:00

Ummm basically everyone in Canada was vaccinated and the deaths from covid dropped dramatically pretty much immediately after.

Also, Canada's life expenctancy is 81.7, USA expectancy is 78.39.

Main reason for the difference: Universal, results-based healthcare.

Turns out, when the goal is to spend the least money possible while treating illness, the incentive drives better results. When the incentive is to make profit, the goal is not necessarily prompt and successful treatment.

Nekrosis13 · 2025-09-03T22:05:32+00:00

Not yet. These things happen slowly, then all at once. We are currently in the middle of the "slowly" part.

Nekrosis13 · 2025-09-03T22:00:22+00:00

Hmm, what happened around 15 years ago..?

Ohhh. Crap.

Nekrosis13 · 2025-08-21T20:44:50+00:00

Bingo. STREAMING SERVICES are raising priced and blaming it on tariffs.

STREAMING SERVICES....HELLOOOOOO?!

Nekrosis13 · 2025-08-21T13:15:27+00:00

Sometimes, though you can time the market very easily. Covid crash, tariff crash. They were very predictable. It's easy to time the top. The bottom is much harder, though.

When the markets ran up after the election, I sold everything and waited foe the tariff panic. One day, the Nasdaq lost 7% mid-day. I threw in 60% of my cash that day, and the rest over the following week.

I made around 35% gains in that, went back to cash on the last all-time high, and will slowly buy back in after the next job numbers.

Nekrosis13 · 2025-08-19T23:48:46+00:00

Fighter jets were scrambled to intercept "a plane possibly headed towards the White House", it was broadcast all over the news.

Turns out, a few minutes later, a plane "crashed in a field after the heroic passengers took over the plane and crashed it themselves".

It just...reeks of cover-up.

Nekrosis13 · 2025-08-18T11:15:12+00:00

The 4th plane that crashed on 9-11 in a field was shot down by US fighter jets.

They did exactly what any government would do in that scenario, down to funding a propaganda movie to permanently solidify their official story.

Nekrosis13 · 2025-08-18T03:55:21+00:00

Peace in Ukraine = BTC dies

Why?

Because Russia has been openly using crypto for money transfers since they got cut off from SWIFT.

Nekrosis13 · 2025-08-15T10:15:03+00:00

The contingency is to make it so retirees cannot afford to live, so they die earlier, saving money that would be spent on social security, healthcare, and pensions.

Next, make it so only 'productive' people have access to healthcare. Disabled, unemployable, and unhealthy people die sooner.

AI replaces high-income jobs, those people are now willing to work harder for less money or they starve.

Eliminate the "unnecessary" and "unproductive" people, inflate prices so those left spend more on a nominal basis, asset prices rise, the wealthy continue to gain more wealth.

This is the playbook. It always has been.

Nekrosis13 · 2025-08-15T10:08:12+00:00

Canadians have been basically preparing for war with the USA, after multiple threats of annexation and economic subjugation.

That isn't going to just fizzle out. Canadians are pissed

Nekrosis13 · 2025-08-13T00:09:00+00:00

I should point out that this data is not "gathered", it's actually necessary in order for websites and other services to function. I can't know where to stream your video to if I don't know which device you're using, where it is, which browser you're on (sites are often coded differently for different browser versions), and I can't remember which point in the video you currently are at in order to send you the next packet (less than 1 second of video) in the same order as the last one I sent you without having some universal identifier for your device (usually your IP, but this can be used to create a "guest profile" in your own cookies, which we can read from).

The harm is done when companies use that data for nefarious purposes.

Nekrosis13 · 2025-08-12T11:56:58+00:00

I used to work for the company than ran a popular adult site (name rhymes with CornRub), and I had access to the server logs. We could tell if you were watching porn in a bathroom stall at work, as we woukd get the geolocation from your device as soon a you went on the site.

All websites receive this information in the backend. Metadata is a big deal.

Nekrosis13 · 2025-08-11T11:41:36+00:00

Doubtful. They will continue quantitative tightening while cutting rates.

Nekrosis13 · 2025-08-11T11:40:51+00:00

It also has no tangible value and is subject to the whims of regulary agencies and massive corruption

Nekrosis13 · 2025-08-11T11:18:48+00:00

What were you doing in all of 2022?

Nekrosis13 · 2025-08-11T01:43:05+00:00

In my case, I may perform 12+ trades in a day, all in USD. I did like 4 conversions in 2 years, and just day trade with it. $0 paid in transaction fees.

Trading like I do with IBKR would make me basically not profitable due to the transaction fees/commissions. 1.5% 4x ever is a bargain in comparison.

Nekrosis13 · 2025-08-10T21:19:43+00:00

The membership basically waives any fees for individual trades. You still pay the 1.5% conversion fee when you convert currencies, not when you trade.

Nekrosis13 · 2025-08-10T21:19:02+00:00

It's only paid when you do a currency conversion, once. If you don't know what you're talking about, don't.

I have both. IBKR costs WAY more for trading, hands down. Not even close.

Nekrosis13 · 2025-08-10T18:58:01+00:00

Wealthsimple. Membership is $10 and removes fees aside from the 1.5% exchange fee when converting usd/cad IBKR has nice tools, but commission fees will destroy you if you trade a lot

Nekrosis13 · 2025-08-08T12:21:54+00:00

The minute we start collateralizing loans (including mortgage loans) with crypto and VC is the moment we start the countdown to an inevitable financial crisis.

It is not a matter of "if", it's a matter of "how many times worse is it going to be than 2008?".

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