tomatowurst

in another thread I mentioned psilocybin mushrooms and how it helped depression in a lasting way I was downvoted to oblivion because it was "shaman and not based on science".

Good to see more and more science come out to explain the mechanics.

We are on the verge of drastic improvements in mental health across the board but I fear that a certain industry with commercial interests will naturally seek to do anything and everything to make sure their interests are unaffected.

For me it was DarkBasic that got me into coding.

I discovered it in a game magazine and immediately downloaded it and it was a whole new world. It had its own weird GUI that was rendered in full screen, and there are almost NO youtube videos of some of the impressive demos like the 3D FPS Yeti game and others.

My early teen years were filled daydreaming of games I could make on it and thinking it was easy because well, Basic, I ended up spending most summers just running other peoples code, creating levels that never saw any use.

edit: nope I was wrong! found this old footage, brings me back memories

https://www.youtube.com/watch?v=PiKLEtSg9io

You are right to be wary, if there is a cryptocurrency element to a project I immediately stop paying attention because it is almost certainly geared towards inflating the token values through raising ridiculous amount of money.

The people that come out to defend those projects almost certainly owns token. How is this not an unregistered security?

There's a reason the Bitcoin developers:

- were anonymous

- released bitcoin weeks after the ruling on e-gold

- continues to remain anonymous

They clearly knew the implication of e-gold and US security laws.

its that primary residence owners aren't the main moving forces, it is the institutional funds, pensions that rely on low interest rates to scoop up properties, and those guys are no longer able to finance debt as rates keep moving up.

if you open up a chart with real estate and rates, you will see a lagging positive correlation. during times of low rates, it is followed by a large property appreciation and vice versa.

NIMBY and zoning regulations is a bit like "if we never build and sell prices won't fall" mentality yet the same real estate markets have gone through deflation after a global real estate bubble correction (late 80s) and remain depressed or stagnate for decades until interest rates rise again.

Another backdrop is that we are at end of the road after the longest running QE (since '08) and around half of the monetary supply (top of my head) was printed in the past 2 years.

We are in uncharted waters now and if the Chinese real estate market implosion and choking supply chains is any clue, we are headed for a pro-longed global recession that certainly includes real estate.

The only safe havens have always been: art, limited production exotic cars, precious metals, gems and gold.

those media you consume are a reflection of society. koreans use honorifics with strangers until they signal they wish to communicate casually and usually its completely subjective. somebody will only differ by mere months and demand you use honorifics (bullying). somebody will differ by few years and do not enforce it. its completely subjective and adds to the stress of interaction between strangers.

wow didn't know there was a poll feature now.

yes, the days of low interest rate is over.

anyone leveraged and on the hook for mortgage at today's value without locking in their rates are going to quickly find out the law of compounding interest

Confucianism and ageism existed far before the 19th century, the fact is that Chosun dynasty was the result of a military coup when the general tasked with attacking a weakened the neighbor Yuan dynasty (China) struggled to maintain legitimacy and thus forced upon a new state religion called Confucianism that ousted Buddhism. It was under this system rigid hierarchies regarding one's class, education, ageism were enforced. You can see the difference from the earlier Korean kingdoms like Silla that imported and cultivated Buddhism leading to female rulers and greater tolerance for "LGBT".

Chosun was rife with corruption, rigid social hierarchy except through state examinations one could join the ranks based on skill and stability. It was very stable because of the oppressive social hierarchy based on neo-confucian ideals. The royalty were corrupt and immoral (with the exception of Sejong who created the Korean alphabet) and the last Chosun queen herself spent most of the state's treasury on luxury goods.

Not many missed the Chosun dynasty, well apart from North Korea which introduced many of its traditions (punishing 3 family generations of state designated criminals is from this era), ageism, caste, oppression of women, sexual minorities and male chauvinism. In fact Japan's colonialism brought more equality and ended caste system with meritocracy. Any modern claims of "collaborators" or such are moot, because it was a failed monarchy state and Korea simply was without any political direction.

Korea's success is economic success is largely owed to the Japan (the first capital investments and transfer of technology was from Japan to normalize relations) and its imperial economic system of zaibatsu (chaebol) and the 5-year economic plan that the strongman Park Chung Hee used was straight out of Manchukuo.

anyways just rambling on here as I eat pistachios about my understanding of korean history as an outsider on a friday evening.

y'all have a good weekend.

No, they have a label for someone who tries to do what you described, they are called 루저벡홈 or literally "Losers back home", or typically a white person that uses their racial status exactly in the manner you described.

It might have worked in the 60s or in South East Asia but certainly will not work anymore in East Asia, especially in a hyper connected world. In fact many foreigners who achieved celebrity status by lying were quickly cancelled.

By large, a non-asian person in East Asia is largely limited to an exotic animal at the zoo. Somewhat of a novelty for kids and adults to point and laugh "wow! we have foreigners in our country speaking our language".

You would see the same response towards a monkey suddenly speaking Korean or Japanese.

> It isn't based on individual age.

It is. you are using a special anecdotal case in a family situation (that same person would use honorifics towards their friends who are much older) to negate the rest of Korean society that uses one's age to decide who is above and below you, and the necessary honorifics. DK effect is quite laughable to see from a non-Korean.

I invite you to address your professor or sunbae or the elderly without honorifics and see their reaction. You wouldn't be able to use your race card very long.

What is really maddening about Korean neo-confucian society is this automatic social hierarchy based on your age, as if to suggest someone who is older than you is automatically infallible and has authority over you. It was exported to Japan (Senpai and kōhai is a direct model of Korean sunbae, hoobae) but it doesn't seem to practice Confucianism this strictly, there really is no other countries that take it this extremely.

It reminds me of the Japanese invasion of Chosun dynasty, how the rigid military/confucian structure made communication impossible and largely allowed unopposed landings by Hideyoshi's army.

pleasant way to display scraped content

again 08 produced a zero interest rate QE that got us to where we are today. 80s, 90s were very different

neither is right clicking on a jpeg and saving it

haha thought you were talking about 80s and 90s. real estate was considered very risky and nobody were seeing it like stocks as interest rates were double digits. that was the prevailing attitude and why many chose to rent because it was the renter's market as real estate market did not recover post japanese real estate bubble deflationary

what year was it when you were 23?

not to mention 1 out of 2 GEN-Z and 1 out of 4 millenials are hodling crypto, the situation is far more bleak than ever before.

it would be a renters market and you would be bidding down to the point you are making marginal impact on your debt repayment.

you forget that we've had QE since '08 to kick the can down the road to bail out the banks that screwed everything up.

the can cannot be kicked any more.

you might correct with this assessment, currently the geopolitical situation of the US dollar is headed for an existential crisis as Russia-centric countries like BRICS, some european countries and Saudi are now looking to move away from pegging to USD.

It's not clear whether they will succeed but should be enough of a threat that the only way to combat an attack on USD would be to raise rates significant enough on top of the pressure from inflation (nobody is buying that we have only 8% inflation, many economists are putting it at about 17%, which is absolutely unprecedented and we can no longer print money, somewhere around over half of the current USD supply was printed post 2020!!!! this is not sustainable!)

Recall that in the 70s, 80s, we had double digit interest rates.

    14%: The GDP was 3.2% in 1979, unemployment was 6.0%, and inflation was 11.3%.

and the next year immediately:

    20%!!!!: The GDP was -0.3% in 1980, unemployment was 7.2%, and inflation was 13.5%.

Even through out the 90s we had 6% to 9% range with inflation at around low single digits!

In fact it took from 1979 to 2002 for rates to come low to what we have had

    1.25%: The GDP was 1.7% in 2002, unemployment was 6.0%, and inflation was 1.6%. The following tables have data taken from The Federal Reserve.

it rose to 4, 5% again until 2008 hit and you know the rest.

    0.25% !!!: In 2008, The GDP was 0.1%, unemployment was 7.3%, and inflation was 3.8%. As of Dec. 16, 2008, the target funds rate became a range, represented in the tables by the upper limit.

and during those times, real estate markets struggled while booming in emerging markets.

congrats! but risk is obviously that property prices as a whole will start to deflate but if its your primary residence and you are going to live in forever it will be fine, you are on the hook for whatever you bought the property for vs market price.

people that were using cheap mortgages to purchase additional properties with the aim of flipping it, who were also leveraged, are screwed.

the last bit of bad news is that property prices may not rise for people who buy the dip, we are entering into a global recession and the world's biggest real estate market have declined with no hope of making a comeback.

thanks for sharing.

Very good point and you are not alone seeing the deja vu

Remember beanie babies? We call them NFTs today.

Remember HYIP and e-gold? We call them cryptocurrencies now.

The point is that crowd behavior, especially markets driven by envy & greed, lead to the same outcome. every. single. time.

this is why guys like Warren Buffett and Charlie Munger keep making money.

wow! that is nit!! but unfortunately doesnt render retweets

> I dunno, it kind of seems like I do

how?

put that in a non-descript zip bag and include it in the shipping box!

when you aren't affected by it, you are more likely to discount it. the people aren't going after iranians or russian foreigners. they are literally singling out one group by race in Vancouver.

Again you don't live here and you don't fall in the category so you won't understand how sensitive this issue is here.

ohhh i fantasize about being 3d artist / producer in the 90s. i collect whatever I can find from this era. I will make use of my Net Yaroze and release a PS1 game one day!!!

how about 50x return? Home that cost $100,000 CAD is now well past $5,000,000 where I live. If someone hodl'd their property in Vancouver even longer than that they would be seeing 100x return.

well you should consider auctioning that, it will fetch lot of eager attention

> Yes, one group of people got rich and now a different group of have-nots are mad at the people left holding the land.

Very much so and it probably stings even more for that have-not group, that its people from what they perceive to be of "third world origin". There's just no helping such people, instead of seeking ways to better themselves, they choose to live in a state of angst and anger and expect the government to somehow fix it.

the Chinese communist party elites send money abroad is to put it out of reach. Very tough for the CCP to auction off your property in Canada or United States.

For the Japanese it was cheap debt that exported property inflation which led to an immediate drop in liquidity however currently there is cheap debt locally and its the locals participating in the real estate speculation.

the actual foreign ownership is like less than 5% in Vancouver yet the media and establishment constantly loves to shift attention away from REIT and institutional money, rich Canadians and against scapegoat groups.

unlike the melting pot system you have in America, Canadians fall into ethnic tribalism, safety in similarity. There's an idea that everyone can be Canadian/American but its implicit understanding that it is false. Canadians have this sort of superiority complex and see themselves holier than thou, it is far more broken than America in some ways and just in my personal interactions, Americans by large, were far more "Canadian" than real Canadians.

The country honestly feels very much broken and the more dystopian and divided it becomes, the more it will push people on the fringes away to isolation. Ethnic enclaves aren't by choice, they are a byproduct of an unwelcoming and implicitly hostile incumbent establishment.