Click here to Skip to main content
15,396,257 members

Welcome to the Lounge

   

For discussing anything related to a software developer's life but is not for programming questions. Got a programming question?

The Lounge is rated Safe For Work. If you're about to post something inappropriate for a shared office environment, then don't post it. No ads, no abuse, and no programming questions. Trolling, (political, climate, religious or whatever) will result in your account being removed.

 
GeneralRe: Wordle 374 Pin
Cp-Coder28-Jun-22 1:38
MemberCp-Coder28-Jun-22 1:38 
GeneralRe: Wordle 374 Pin
den2k8828-Jun-22 2:16
professionalden2k8828-Jun-22 2:16 
GeneralWeb 3 Pin
David O'Neil27-Jun-22 7:27
professionalDavid O'Neil27-Jun-22 7:27 
GeneralRe: Web 3 Pin
RickZeeland27-Jun-22 20:21
mveRickZeeland27-Jun-22 20:21 
GeneralThe metaverse and crypto Pin
Gerry Schmitz27-Jun-22 4:46
mveGerry Schmitz27-Jun-22 4:46 
GeneralRe: The metaverse and crypto Pin
Mike Hankey27-Jun-22 4:49
professionalMike Hankey27-Jun-22 4:49 
GeneralRe: The metaverse and crypto Pin
DRHuff27-Jun-22 7:17
MemberDRHuff27-Jun-22 7:17 
GeneralRe: The metaverse and crypto Pin
Greg Utas27-Jun-22 7:59
mveGreg Utas27-Jun-22 7:59 
Our governments, unless you live in a banana republic where the government just prints money, don't make up money like that. Our central banks do it, but usually indirectly. It's actually our banks that create money when they originate loans. Every currency unit on deposit generates, say, 10 to 20 currency units in loans. It's a question of how leveraged they dare to be. It used to be Swiss law that the principals of a bank were liable, to the full extent of their personal wealth, if the bank went under. Today, banks have little risk. They'll get bailed out by the central bank. And in the last decade, most countries have made it legal for banks to keep your money if they become insolvent and need to be recapitalized. Once your deposit your money, you're an unsecured creditor of the bank.

For many years now, banks have been furiously creating money to buy government bonds, which finance deficit spending. In fact, primary dealers (the term used in the US, but equivalents exist elsewhere) must bid at government bond auctions. It's quid pro quo: if we give you a license to run a top-tier bank, you must buy our debt. This ties in with quantitative easing, where the central bank then buys the government bonds from the primary dealers, who get cash in return, propping up their balance sheets. In the US, the central bank (Fed) isn't allowed to buy government bonds directly. But this intermediate step, of primary dealers buying the bonds and flipping them to the Fed, makes it non-banana republic finance. The whole process was elegantly captured in a cartoon of a bull elephant blowing itself, along the lines of an ouroboros. A magical perpetual motion machine.
Robust Services Core | Software Techniques for Lemmings | Articles
The fox knows many things, but the hedgehog knows one big thing.

GeneralRe: The metaverse and crypto Pin
Eddy Vluggen27-Jun-22 13:29
professionalEddy Vluggen27-Jun-22 13:29 
GeneralI found this little gem on support forum of a map provider PinPopular
dan!sh 27-Jun-22 3:21
professional dan!sh 27-Jun-22 3:21 
GeneralWSO CCC OTD 2022-06-27 Pin
OriginalGriff26-Jun-22 21:45
mveOriginalGriff26-Jun-22 21:45 
GeneralRe: WSO CCC OTD 2022-06-27 Pin
Peter_in_278026-Jun-22 22:04
professionalPeter_in_278026-Jun-22 22:04 
GeneralRe: WSO CCC OTD 2022-06-27 - we have a winner! Pin
OriginalGriff26-Jun-22 22:08
mveOriginalGriff26-Jun-22 22:08 
GeneralA Charlie Brown Moment Pin
Roger Wright26-Jun-22 15:42
professionalRoger Wright26-Jun-22 15:42 
GeneralRe: A Charlie Brown Moment Pin
PIEBALDconsult26-Jun-22 16:36
professionalPIEBALDconsult26-Jun-22 16:36 
GeneralRe: A Charlie Brown Moment Pin
Roger Wright26-Jun-22 16:37
professionalRoger Wright26-Jun-22 16:37 
GeneralRe: A Charlie Brown Moment Pin
Daniel Pfeffer27-Jun-22 1:08
professionalDaniel Pfeffer27-Jun-22 1:08 
GeneralRe: A Charlie Brown Moment Pin
Mike Hankey27-Jun-22 3:31
professionalMike Hankey27-Jun-22 3:31 
GeneralRe: A Charlie Brown Moment Pin
Dan Neely28-Jun-22 3:38
MemberDan Neely28-Jun-22 3:38 
GeneralRe: A Charlie Brown Moment Pin
Mike Hankey28-Jun-22 3:41
professionalMike Hankey28-Jun-22 3:41 
GeneralRe: A Charlie Brown Moment Pin
fgs196327-Jun-22 4:11
Memberfgs196327-Jun-22 4:11 
GeneralRe: A Charlie Brown Moment Pin
matblue2527-Jun-22 6:42
professionalmatblue2527-Jun-22 6:42 
GeneralRe: A Charlie Brown Moment Pin
Roger Wright27-Jun-22 6:54
professionalRoger Wright27-Jun-22 6:54 
GeneralRe: A Charlie Brown Moment Pin
matblue2527-Jun-22 7:51
professionalmatblue2527-Jun-22 7:51 
GeneralRe: A Charlie Brown Moment Pin
Roger Wright27-Jun-22 8:55
professionalRoger Wright27-Jun-22 8:55 

General General    News News    Suggestion Suggestion    Question Question    Bug Bug    Answer Answer    Joke Joke    Praise Praise    Rant Rant    Admin Admin   

Use Ctrl+Left/Right to switch messages, Ctrl+Up/Down to switch threads, Ctrl+Shift+Left/Right to switch pages.


Straw Poll

Do you expect users to read the instructions when using your apps?
  Results   135 votes