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steve from virginia @econundertow.bsky.social

All of us are broke because we 'invested' tens / hundreds of trillion$ of dollars on automobiles which offer a negative real return. There is also the near-zero real return on all the crap that makes up the automobile habitat. We don't even calculate the exorbitant non-money costs.

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aug 9, 2025, 6:36 pm • 0 0

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steve from virginia @econundertow.bsky.social

Since 1914 the world has fought one war after another to control oil reserves - this including the ongoing wars. These reserves are then boiled down, fed into cars and burned up for fun. We will literally do- or kill anything to keep our cars. #Insane.

aug 9, 2025, 6:42 pm • 0 0 • view
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steve from virginia @econundertow.bsky.social

Here we have Russia, which is an oil extraction state. It has reserves that would last decades under normal circumstances. But ... Kremlin wants more. Yet, whatever it could gain from stolen reserves would not meet the cost of the Kremlin's attempt to steal these same reserves.

aug 9, 2025, 6:47 pm • 0 0 • view
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steve from virginia @econundertow.bsky.social

As is clear, even to Russians, that the harder the Kremlin tries to prosecute is exercise in lunacy, the faster the country meets its destiny as a failed state. An argument can be made that Russian bankruptcy dynamic began when Putin started meddling in Syria, absorbing that country's war costs

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aug 9, 2025, 7:47 pm • 3 1 • view