Rant 1226 / I Am So Bad.

16 Mar 2016

So I ended up on that side of Youtube today. It had an intriguing title and 8 million views to back it up, so how can anyone resist that?



I feel sorry for the girl.

Even before watching the video, I'm fully aware that children make great mouthpieces because their perceived innocence makes anything they say so much more believable.

As for her speech, some things seemed to be omitted to raise the impact of her words. For one, why did their government start to borrow money from private banks? This question can even be broken down into two: why did the government need to borrow money and why from these banks?

I may not be an expert but for all we know, there could be mitigating factors in the answers to these questions that will better explain the situation than simply because banks are evil.

Also, why are they so fixated on how loans are money that didn't exist before their approval? As long as most of you pay your debts, the loan is as good as paid. The risk of you not paying up is covered by the interest rates and whatever the average borrower owns - that's why actuaries exist.

I think it pretty much also covers what I said before - that the economy is founded on confidence, the confidence that it will keep going. I guess in a way it's like a religion because that's saying that the whole system is runs on faith.

As for why houses are so expensive that you need a loan to buy one, it's simple - prices go according to demand. If they are way lower than what people are willing to pay for them, someone will just buy up whatever they are and sell them at the highest prices others are willing to pay. That's just a fact of life in our capitalistic world. Who would miss such a simple opportunity to make some money?

If the price of a home is really too high, it would stay empty for a very long time, but as long as a house sells, it's not too expensive. Maybe it is to you, but not to the rest of the people who want that home. To put in in simpler terms, there are people out there who are perfectly willing to pay a portion of their income for their homes for 30 years of their lives. Different people, different circumstances, different needs, different degrees of urgency.

Oh, and different perception of value.
























18 Mar 2016

I don't want to hug Buddha's legs but it's a terrible habit of mine.
























Aaaaaaand I forgot about my parents for Qingming. Oh no.