Looks like to deploy websocket app (such as strfry) behind Cloudflare
I have to use full or strict full for connection between Cloudflare and my server
Ah, Mendokusai
Direct connect: OKAY (Websocket upgraded HTTP status 101)
Proxied via nginx: OKAY (Websocket upgraded HTTP status 101)
Proxied via CloudFlare: Red on noStrudel (Chrome status "Finished")
อืม...ไว้ก่อนละกัน
Well, Nobody told me to study about money and how it works.
but after I have studied for a while, it opened my eyes and made my know how the matrix is keep fucking me LOL
I think if you don't study, it is okay, until you get wiped out....suddenly
Ask ChatGPT : "Do you think that debt-based monetary system is against generation Y and Z?"
----------
The impact of the debt-based monetary system on Generation Y (Millennials) and Generation Z is a complex issue. While the system itself is not inherently "against" these generations, it does present certain challenges and disadvantages that disproportionately affect them. Here are some factors to consider:
### Challenges for Generation Y and Z
1. **Rising Debt Levels**:
- **Student Debt**: Both Millennials and Gen Z have faced unprecedented levels of student loan debt. The cost of higher education has risen significantly, leading many young people to start their careers with substantial financial burdens.
- **Housing Debt**: Home prices have increased in many parts of the world, making it difficult for younger generations to afford homeownership. Those who do buy homes often take on large mortgages, increasing their debt burden.
2. **Income Inequality and Wage Stagnation**:
- **Wage Stagnation**: Despite increases in productivity, wages for many in Gen Y and Z have not kept pace with the cost of living. This makes it harder to pay off debt and save for the future.
- **Job Market Challenges**: The job market has become more competitive and less stable, with the rise of the gig economy and contract work, which often lacks benefits and job security.
3. **Economic Instability**:
- **Recessions and Crises**: Millennials entered the workforce during the Great Recession (2008), and Gen Z has faced the economic impact of the COVID-19 pandemic. These crises have led to job losses, reduced income, and increased financial insecurity.
- **High Cost of Living**: The rising cost of essentials like housing, healthcare, and education has put additional financial pressure on younger generations, making it harder to build wealth.
4. **Wealth Inequality**:
- **Asset Inflation**: In a debt-based monetary system, central banks often respond to economic crises by lowering interest rates and increasing the money supply. This can lead to asset inflation, where the prices of stocks, real estate, and other assets rise, benefiting those who already own them. Younger generations, who are less likely to own these assets, can be left behind.
- **Generational Wealth Disparity**: Older generations, particularly the Baby Boomers, have benefited from decades of economic growth, rising asset prices, and stable jobs, leading to significant wealth accumulation. In contrast, younger generations are struggling to catch up.
### Opportunities and Adaptations for Gen Y and Z
1. **Adapting to the Digital Economy**:
- **Entrepreneurship**: The rise of the digital economy has opened new opportunities for entrepreneurship, side businesses, and remote work. Gen Y and Z have been quick to embrace these opportunities, creating new income streams and building businesses online.
- **Investment Opportunities**: Younger generations have access to a wide range of investment options through technology, such as robo-advisors, cryptocurrency, and crowdfunding platforms. These tools can help them grow wealth despite economic challenges.
2. **Financial Literacy and Innovation**:
- **Increased Financial Awareness**: Many Millennials and Gen Zers are more financially literate than previous generations, often because they have had to navigate a more complex and challenging economic environment. They are more likely to use budgeting apps, investment platforms, and online financial education resources.
- **Focus on Sustainability and Impact Investing**: Younger generations are also more inclined to invest in companies and causes that align with their values, such as environmental sustainability and social justice. This can create new markets and opportunities for growth.
3. **Advocacy for Change**:
- **Political and Economic Reform**: There is growing advocacy among younger generations for changes in economic policy, such as student debt forgiveness, affordable housing initiatives, and increased regulation of financial markets. These movements could lead to systemic changes that benefit future generations.
### Conclusion
While the debt-based monetary system presents significant challenges for Generation Y and Z, particularly in terms of debt burden, wage stagnation, and wealth inequality, it is not inherently designed to work against them. However, the structural disadvantages they face require careful navigation, strategic financial planning, and potential systemic reforms to ensure they can build wealth and achieve financial security.
The key for Gen Y and Z is to adapt to the current economic landscape by leveraging new opportunities in the digital economy, improving financial literacy, and advocating for policies that address the inequities of the system.
Ask ChatGPT : "Is silver a money in the past?"
----------
Yes, silver has historically been used as money. Throughout history, many civilizations have utilized silver as a form of currency due to its intrinsic value, durability, and divisibility. Some key points about silver's role as money include:
1. **Ancient Civilizations**:
- The use of silver dates back to ancient civilizations such as the Egyptians, Greeks, and Romans, who used silver coins for trade and commerce.
2. **The Greek and Roman Empires**:
- Both the Greeks and Romans minted silver coins. The Greek drachma and the Roman denarius were standard currencies made from silver.
3. **Middle Ages**:
- During the medieval period, silver continued to be a primary medium of exchange in Europe. The silver penny, for instance, was widely used in England.
4. **Spanish Empire**:
- In the 16th century, the Spanish Empire mined vast quantities of silver from the Americas, particularly from the Potosí mines in present-day Bolivia. This silver was used to mint coins and became a global currency.
5. **The Silver Standard**:
- Several countries adopted the silver standard in the 19th century, where the value of their currency was based on a fixed amount of silver.
6. **Transition to Fiat Money**:
- The use of silver as a primary form of money began to decline with the advent of fiat money systems and the move towards the gold standard in the late 19th and early 20th centuries.
Today, while silver is no longer used as everyday currency, it remains valuable as a precious metal and is still used in coinage, investment, and industrial applications.
Ask ChatGPT : "How central bank manipulate silver and gold price?"
----------
Central banks have various tools and mechanisms at their disposal to influence the prices of silver and gold. While direct manipulation is not the typical term used, central banks' policies and actions can have significant indirect effects on precious metal prices. Here are some ways central banks can influence the prices of silver and gold:
### 1. **Monetary Policy**
- **Interest Rates**:
- Central banks set interest rates, which influence the cost of borrowing and the return on savings. Lower interest rates reduce the opportunity cost of holding non-yielding assets like gold and silver, often leading to higher prices. Conversely, higher interest rates can decrease demand for these metals.
- **Quantitative Easing (QE)**:
- Through QE, central banks purchase financial assets to inject liquidity into the economy, which can lead to inflation fears and a weaker currency. This often increases demand for gold and silver as hedges against inflation and currency devaluation.
### 2. **Currency Policies**
- **Exchange Rates**:
- Central banks can intervene in foreign exchange markets to influence the value of their currency. A weaker domestic currency can make gold and silver cheaper for foreign buyers, increasing demand and driving up prices.
### 3. **Gold Reserves and Sales**
- **Purchasing Gold**:
- Central banks hold significant gold reserves and can influence prices through their buying and selling activities. When central banks purchase gold, it signals confidence in gold as a store of value, potentially increasing demand and prices.
- **Selling Gold**:
- Conversely, selling gold reserves can lead to an increase in supply in the market, potentially lowering prices. However, central banks usually coordinate such sales to minimize market disruption.
### 4. **Market Signals and Communication**
- **Public Statements**:
- Statements and forecasts by central bank officials can influence market perceptions. For instance, discussions about inflation, economic stability, or currency strength can lead investors to buy or sell gold and silver.
### 5. **Regulatory Policies**
- **Reserve Requirements**:
- Central banks can influence the amount of gold commercial banks are required to hold, impacting overall demand.
- **Restrictions and Controls**:
- Implementing or relaxing restrictions on the import, export, or ownership of gold and silver can impact prices by affecting supply and demand dynamics.
### 6. **Coordination with Other Central Banks**
- **International Agreements**:
- Central banks may coordinate with each other through agreements such as the Central Bank Gold Agreement (CBGA), which sets limits on gold sales to prevent market destabilization.
### Indirect Effects
- **Economic Conditions**:
- Central bank policies that affect economic conditions (like inflation, growth rates, and financial stability) can indirectly impact gold and silver prices. For example, policies leading to high inflation can drive investors to seek refuge in precious metals.
- **Market Confidence**:
- Central banks’ actions and policies can affect market confidence and risk perception, influencing investor behavior regarding safe-haven assets like gold and silver.
### Example
- **Federal Reserve's Influence**:
- When the Federal Reserve lowers interest rates and engages in QE, it often leads to a weaker U.S. dollar and inflation concerns. Investors might flock to gold and silver as stores of value, driving up prices.
While central banks may not explicitly aim to manipulate gold and silver prices, their actions and policies can significantly influence market dynamics and investor behavior, thereby impacting the prices of these precious metals.
Ask ChatGPT :
"How do you think about current gold and silver price when compare to current money supply?
Is the price too low or too high? current gold price is 2400 USD per ounce and 27 USD per ounce for silver"
----------
To assess whether the current prices of gold and silver are too low or too high in comparison to the current money supply, we need to consider several factors:
### Key Factors to Consider
1. **Money Supply Growth**:
- Central banks, especially the Federal Reserve, have significantly increased the money supply through quantitative easing and other monetary policies. This increase in money supply can lead to inflationary pressures, which typically boost the prices of gold and silver as they are considered hedges against inflation.
2. **Inflation Rates**:
- Higher inflation rates usually drive investors towards precious metals as they seek to preserve purchasing power. Comparing historical inflation-adjusted prices of gold and silver can provide insights into whether current prices are in line with past trends.
3. **Interest Rates**:
- Low or negative real interest rates (interest rates adjusted for inflation) tend to support higher gold and silver prices as the opportunity cost of holding these non-yielding assets decreases.
4. **Economic and Geopolitical Uncertainty**:
- Periods of economic instability, geopolitical tensions, and market volatility often lead to increased demand for safe-haven assets like gold and silver.
5. **Supply and Demand Dynamics**:
- The supply of newly mined gold and silver, recycling rates, and industrial demand (especially for silver) impact prices. For example, silver has significant industrial uses, which can affect its price differently compared to gold.
### Analysis of Current Prices
- **Gold at $2400 per Ounce**:
- Historically, gold prices have risen significantly during periods of monetary expansion and economic uncertainty. Given the substantial increase in money supply in recent years, a price of $2400 per ounce can be seen as a reflection of these macroeconomic conditions. Inflation concerns and low real interest rates support the current high price. However, some might argue that if inflation expectations continue to rise, gold could have more upside potential.
- **Silver at $27 per Ounce**:
- Silver prices are influenced both by its role as a precious metal and its industrial uses. The current price of $27 per ounce reflects both investment demand and robust industrial demand. Silver typically experiences more price volatility than gold due to its dual role. Given the increase in money supply and industrial demand (e.g., for electronics and solar panels), the price of silver seems reasonable, but it might be undervalued relative to gold, considering the gold-to-silver ratio (currently around 89, which is historically high).
### Gold and Silver Relative to Money Supply
When comparing the prices of gold and silver to the money supply:
- **M1 and M2 Money Supply**:
- The M1 money supply (cash and checking deposits) and M2 money supply (M1 plus savings deposits, money market securities, and other time deposits) have expanded significantly. Historically, gold and silver prices tend to rise with increases in money supply as investors seek to hedge against currency devaluation and inflation.
### Conclusion
- **Gold**: At $2400 per ounce, gold's price appears justified given the current economic environment, inflation expectations, and significant monetary expansion. If inflation continues to rise, gold could potentially have more room to increase.
- **Silver**: At $27 per ounce, silver may be slightly undervalued relative to gold, especially considering the high gold-to-silver ratio and its strong industrial demand. If industrial demand remains strong and inflation pressures persist, silver prices could see further appreciation.
Ultimately, whether the current prices are too low or too high depends on future economic conditions, inflation trajectories, central bank policies, and market sentiment.
Ask ChatGPT :
"Current M1 supply is 18,063.4 billion and M2 supply is 21,024.7 billion. how do you think about it?"
----------
Given the current money supply figures—M1 at $18,063.4 billion and M2 at $21,024.7 billion—we can analyze the relative value of gold and silver by considering their historical relationships with the money supply. Here’s a detailed examination:
### Historical Context
- **Gold**: Historically, gold has been seen as a hedge against inflation and currency devaluation. When the money supply increases significantly, gold prices often rise because the value of fiat currencies tends to decline.
- **Silver**: Similarly, silver, while also a precious metal, has significant industrial uses which can make its price more volatile and influenced by industrial demand in addition to monetary factors.
### Current Money Supply and Precious Metals Prices
1. **M1 and M2 Money Supply Growth**:
- The significant growth in both M1 and M2 money supplies indicates a large influx of liquidity into the economy. This expansion is usually associated with potential inflationary pressures, which can drive investors towards gold and silver as stores of value.
2. **Gold Price**:
- At $2400 per ounce, the price of gold should be examined in the context of the increased money supply. Historically, during times of rapid money supply growth, gold prices have tended to increase. The current high price of gold reflects these inflationary concerns and the desire for a stable store of value.
3. **Silver Price**:
- At $27 per ounce, the price of silver might seem relatively undervalued compared to gold, especially considering the gold-to-silver ratio. The dual role of silver as both a precious metal and an industrial commodity can impact its price dynamics differently than gold.
### Relative Value Analysis
To assess whether gold and silver prices are appropriate relative to the current money supply, we can consider historical ratios and the context of economic conditions:
- **Gold-to-M1 Ratio**:
- We can calculate a rough measure by dividing the total M1 money supply by the total value of above-ground gold stock. Although not precise, this provides a sense of scale.
- There is approximately 200,000 metric tons of above-ground gold, equating to about 6.43 billion ounces.
- Total value of gold at $2400 per ounce: \( 6.43 \text{ billion ounces} \times \$2400 \approx \$15.43 \text{ trillion} \).
- Gold-to-M1 ratio: \( \frac{\$15.43 \text{ trillion}}{\$18.063 \text{ trillion}} \approx 0.85 \).
- **Gold-to-M2 Ratio**:
- Gold-to-M2 ratio: \( \frac{\$15.43 \text{ trillion}}{\$21.025 \text{ trillion}} \approx 0.73 \).
Historically, these ratios fluctuate based on economic conditions, central bank policies, and market sentiment. A gold-to-M1 ratio around 0.85 and a gold-to-M2 ratio around 0.73 suggest that gold prices are relatively high but may still be in a reasonable range given the current economic uncertainties and inflation expectations.
- **Silver-to-M1 and Silver-to-M2 Ratios**:
- Similarly, for silver, we can consider total available silver stocks and its current price.
- Estimating around 1 million metric tons of above-ground silver (32.15 billion ounces):
- Total value of silver at $27 per ounce: \( 32.15 \text{ billion ounces} \times \$27 \approx \$868.05 \text{ billion} \).
- Silver-to-M1 ratio: \( \frac{\$868.05 \text{ billion}}{\$18.063 \text{ trillion}} \approx 0.048 \).
- Silver-to-M2 ratio: \( \frac{\$868.05 \text{ billion}}{\$21.025 \text{ trillion}} \approx 0.041 \).
These ratios indicate that silver might be undervalued relative to the money supply compared to gold, especially considering its significant industrial demand.
### Conclusion
- **Gold**: At $2400 per ounce, gold appears to be reasonably priced given the substantial increase in money supply and the resulting inflation concerns. The historical gold-to-money supply ratios support the current price level as a hedge against economic uncertainty and currency devaluation.
- **Silver**: At $27 per ounce, silver might be undervalued relative to gold, particularly when considering the high gold-to-silver ratio and its substantial industrial uses. The silver-to-money supply ratios suggest that there could be room for silver prices to increase, especially if industrial demand remains strong and inflation concerns persist.
Ultimately, whether these prices are too high or too low depends on future economic conditions, central bank policies, and market sentiment. However, based on the current money supply and historical context, both gold and silver seem to be in reasonable ranges, with silver potentially having more upside potential.
Ask ChatGPT : "What is debt based monetary system and what is its advantage and disadvantage?"
----------
A debt-based monetary system, also known as a fiat monetary system, is a financial structure where money is created through the issuance of debt. In this system, central banks (like the Federal Reserve in the United States) and commercial banks play a central role in money creation.
Here's how it works:
1. **Central Bank Actions**: The central bank controls the supply of money primarily through open market operations, setting reserve requirements, and adjusting the interest rates. When the central bank buys government securities, it increases the money supply by crediting the accounts of the banks that sold the securities.
2. **Commercial Bank Lending**: Commercial banks create money through the lending process. When a bank issues a loan, it credits the borrower’s account with a deposit, effectively creating new money. This newly created money is backed by the borrower's promise to repay the loan.
### Advantages of a Debt-Based Monetary System
1. **Economic Growth**: By facilitating borrowing and lending, this system can promote economic growth. Businesses can obtain loans to invest in new projects, and consumers can borrow to purchase goods and services, stimulating demand.
2. **Monetary Policy Flexibility**: Central banks can adjust interest rates and conduct open market operations to influence the economy. This flexibility helps manage inflation, control unemployment, and respond to economic crises.
3. **Financial Innovation**: The system encourages financial innovation, as banks and financial institutions develop new products and services to meet the borrowing needs of businesses and consumers.
4. **Liquidity Provision**: It provides liquidity to the economy, allowing for smoother financial transactions and operations.
### Disadvantages of a Debt-Based Monetary System
1. **Debt Accumulation**: Continuous money creation through debt can lead to high levels of debt for consumers, businesses, and governments, increasing the risk of default and financial instability.
2. **Inflation**: If not managed properly, excessive money creation can lead to inflation, eroding the purchasing power of money.
3. **Economic Cycles**: The system can contribute to economic cycles of boom and bust. Easy credit conditions can lead to economic bubbles, while tightened credit can exacerbate economic downturns.
4. **Interest Payments**: Borrowers must pay interest on the debt, which can be a burden for consumers and businesses and can also lead to significant portions of government budgets being devoted to interest payments rather than productive investments.
5. **Wealth Inequality**: The system can exacerbate wealth inequality, as those with better access to credit (typically the wealthy) can leverage their borrowing to accumulate more assets, while those without such access can fall behind.
5. **Wealth Inequality**: The system can exacerbate wealth inequality, as those with better access to credit (typically the wealthy) can leverage their borrowing to accumulate more assets, while those without such access can fall behind.
----------
Okay, this game is fucking rigged.
I think it is time to exit Japanese Yen or Yen-dominated asset.
I will decrease all of my Yen-dominated asset or asset in Japanese financial institution.
If you know what I mean, just be prepared.
When you're expat and living in the country where its currency is going to failed 😅
In the worst cast scenario, I just go back to Thailand but if Japanese Yen failed, I think Thai Baht also not going to survive
I also heard from my relative in Thailand that inflation in Thailand is ridiculous.
Living in Thailand is like keep getting fucked by the system.
Living in Japan is like keep getting fucked by Boomers
Srsly?
Looks like Japan government let Bitcoin ATM back.
Maybe KYC is required. 「ガイアのサービス利用者としてログインした後に本人確認をする」
Max 100K JPY per time, and 10% fee (This is ridiculous...)
I will check if have time.
https://www.nikkei.com/article/DGXZQOUB1212Z0S4A710C2000000/
Oddbean new post about login | logout
Notes by shirok_me | export
Ask ChatGPT : "Current M1 supply is 18,063.4 billion and M2 supply is 21,024.7 billion. how do you think about it?" ---------- Given the current money supply figures—M1 at $18,063.4 billion and M2 at $21,024.7 billion—we can analyze the relative value of gold and silver by considering their historical relationships with the money supply. Here’s a detailed examination: ### Historical Context - **Gold**: Historically, gold has been seen as a hedge against inflation and currency devaluation. When the money supply increases significantly, gold prices often rise because the value of fiat currencies tends to decline. - **Silver**: Similarly, silver, while also a precious metal, has significant industrial uses which can make its price more volatile and influenced by industrial demand in addition to monetary factors. ### Current Money Supply and Precious Metals Prices 1. **M1 and M2 Money Supply Growth**: - The significant growth in both M1 and M2 money supplies indicates a large influx of liquidity into the economy. This expansion is usually associated with potential inflationary pressures, which can drive investors towards gold and silver as stores of value. 2. **Gold Price**: - At $2400 per ounce, the price of gold should be examined in the context of the increased money supply. Historically, during times of rapid money supply growth, gold prices have tended to increase. The current high price of gold reflects these inflationary concerns and the desire for a stable store of value. 3. **Silver Price**: - At $27 per ounce, the price of silver might seem relatively undervalued compared to gold, especially considering the gold-to-silver ratio. The dual role of silver as both a precious metal and an industrial commodity can impact its price dynamics differently than gold. ### Relative Value Analysis To assess whether gold and silver prices are appropriate relative to the current money supply, we can consider historical ratios and the context of economic conditions: - **Gold-to-M1 Ratio**: - We can calculate a rough measure by dividing the total M1 money supply by the total value of above-ground gold stock. Although not precise, this provides a sense of scale. - There is approximately 200,000 metric tons of above-ground gold, equating to about 6.43 billion ounces. - Total value of gold at $2400 per ounce: \( 6.43 \text{ billion ounces} \times \$2400 \approx \$15.43 \text{ trillion} \). - Gold-to-M1 ratio: \( \frac{\$15.43 \text{ trillion}}{\$18.063 \text{ trillion}} \approx 0.85 \). - **Gold-to-M2 Ratio**: - Gold-to-M2 ratio: \( \frac{\$15.43 \text{ trillion}}{\$21.025 \text{ trillion}} \approx 0.73 \). Historically, these ratios fluctuate based on economic conditions, central bank policies, and market sentiment. A gold-to-M1 ratio around 0.85 and a gold-to-M2 ratio around 0.73 suggest that gold prices are relatively high but may still be in a reasonable range given the current economic uncertainties and inflation expectations. - **Silver-to-M1 and Silver-to-M2 Ratios**: - Similarly, for silver, we can consider total available silver stocks and its current price. - Estimating around 1 million metric tons of above-ground silver (32.15 billion ounces): - Total value of silver at $27 per ounce: \( 32.15 \text{ billion ounces} \times \$27 \approx \$868.05 \text{ billion} \). - Silver-to-M1 ratio: \( \frac{\$868.05 \text{ billion}}{\$18.063 \text{ trillion}} \approx 0.048 \). - Silver-to-M2 ratio: \( \frac{\$868.05 \text{ billion}}{\$21.025 \text{ trillion}} \approx 0.041 \). These ratios indicate that silver might be undervalued relative to the money supply compared to gold, especially considering its significant industrial demand. ### Conclusion - **Gold**: At $2400 per ounce, gold appears to be reasonably priced given the substantial increase in money supply and the resulting inflation concerns. The historical gold-to-money supply ratios support the current price level as a hedge against economic uncertainty and currency devaluation. - **Silver**: At $27 per ounce, silver might be undervalued relative to gold, particularly when considering the high gold-to-silver ratio and its substantial industrial uses. The silver-to-money supply ratios suggest that there could be room for silver prices to increase, especially if industrial demand remains strong and inflation concerns persist. Ultimately, whether these prices are too high or too low depends on future economic conditions, central bank policies, and market sentiment. However, based on the current money supply and historical context, both gold and silver seem to be in reasonable ranges, with silver potentially having more upside potential.