lemm.ee :‘’'(

Wireguard.

primary reason for the war

The non-nukes & the trivial deep penetration damage?

I’m not sure that’s what Israel meant as the primary reason when they claimed it was the primary reason (since they had all the proof possible to the contrary). It silly to try to solve a bs claim & expect the side that brought forward that bs claim to suddenly be satisfied by the resolution of bs they manufactured. Nothing had changed.

Sorry, that wasn’t clear, the system is really alien to me.

But there are numerous reports from USA that paying of a loan early can hurt your credit score.
Which is def bad & counterintuitive.

The whole system is at best like a loyally card.

Yes, basically this.

And when you have an industry surrounding it (specialised companies that do only this & fund lobbies) the system just becomes a perpetual business for the sake of it, can’t get rid of it.

Like filling for taxes in USA (or did that just recertify change?).

Or private prisons.

Too much profit incentive & too many people involved to allow it to be dismantled once it became obvious the product doesn’t work/it doesn’t give any added value.

But still not true. The correlation is low, the system just feeds itself.

wiki/Criticism_of_credit_scoring_systems_in_the_United_States

The scoring system has also been critiqued as a form of classification to shape an individual’s life-chances—a form of economic inequality. Since the 1980s, neoliberal economic policy has created a correlation between the expansion of credit and a decline in social welfare—deregulation incentivizes financing for the consumption of goods and services that the welfare state would alternatively provide. Credit scoring systems are seen as scheme to segregate individuals creditworthiness necessitated by the loss of these collective social services. The credit scoring system in the United States has been compared to, and was the inspiration for, the Social Credit System in China.

Lenders don’t guess, there are strict rules that FED oversees.

Your probability of repaying your loan is depending on your wage & on collateral.

You can’t prove you will repay your debts in the future. You might lose the income you depend on & some new guy that just got a job might have it for 40 years. How easy will you get another job also depend on factors that the credit score doesn’t include.

Ngl & sorry but that sounds indoctrinated af.

7~10 years on a car is predatory & shouldn’t even be allowed. You overpaid half the car.

Difference between high & low(er) interest rates is access to credit & purchasing power. It determines what/where or even if you can buy a house. There are even USA pop culture reference to not having a good enough score so they don’t get a loan.

And y’all interest rates are still high, regardless of the score.

Forced use credit cards takes away money from the stores & you get almost nothing in return (you should get money back, not some weird promise on loan rates that saves you money only bcs of ridiculous rates & long borrowing).
And repaying credit card (interest or not) has 0 relation to repaying a 10+ year mortgage. It’s just bs to get the banks (and Visa/MC) obscene amounts of free revenue/profit & they don’t have to do anything in return. Just think of how much money have “you” given the bank if 3% of all your purchases went to them. It’s not that you directly lost that (tho through general inflation & stores overcharging you to cover what goes to the bank you have), but didn’t get anything for selling/promoting their product either.

Different counties over the world use different systems, but most don’t allow centralised private databases (tho some big ones still use it) that lenders can just access personal data on citizens (and all of them have problems).
Some countries have defaults or unpaid taxes accessible to lenders (via gov agencies/portals, not private firms).

Tho the best systems are just every lender for themselves & on data you provide them - statistics show how rare defaults are & how they don’t really affect any lenders (except in a macroeconomic crisis, where eg the underlying real estate losses value).

And statistics also show that the prob of default are basically just related to wages (how much money is left to the borrower each month overall) & collateral.
That’s is what central banks put restrictions on to govern monetary policy (besides overnight rates & gov debt ofc) & banking sector stability.

And in terms of eg mortgages - credit score is useless, you have real estate value that more than covers the lean & just about any borrower would have a lot more problems & to lose in event of default so they already try to avoid it as much as they can.

Credit scores don’t lower bank insolvency rates, at most they help with the profit, but most importantly they arent really relevant to a lenders core business success.

Also if you repay your loan early is somehow bad for your credit score.

If you change your bank to go to a cheaper one alters your score (creating sticky monopolies).

makes prefect sense

To scam citizens out of yields while minimising the chance of nonperforming loans?

The rest of the world puts citizens first.
The banks are the professionals with all the data & capital. They get to multiplicate money (give loans without backing) and get to charge relatively big interests on those loans (interes rates (spreads over risk-free) tnot indicative of/to cover the expenses of defaults, which are very rare overall, or their own operating costs).

The money multiplication thing comes from the state (central bank), and it exists to allow people to live & to perpetually stimulate the economy (eg getting a house earlier than saving up the lump sum to buy it whole). The banks job is to balance things out & offer competitive loans in terms of profits vs probability of defaults. Without that it’s just free money for the banks. Like insurance business only selling policies to people/entities that won’t ever need them.

So your credit worthiness is equal to the amount of money (3% fee of each purchase?) you make for the bank that would otherwise go to the seller (or stay in your bank account if it’s charged to the customer & not the store, but that is afaik rare, maybe not existent anymore).

So free monies you make for the bank = some potential loan possibility in the future.
Scammy af. But this exists all over the world (packaged as cashbacks that you regularly receive, eg 0.5% of everything you spend, not affecting your loans).

So if you have taken more loans in the past & repaid a lot of credit card debt you get a cheaper loan/can afford a bigger loan.

It’s what we call predatory tactics & are usually banned.

You are not gonna believe where the majority of the wealth of the majority of USA residents comes from.

Also can’t look at credit score system without loan system (they are linked by default) - and loan-worthiness cames from not only paychecks, but also where (which street/neighborhood) you currently live, you job history, criminal convictions, etc.

It does what the West says the Chinese social credit system is doing tho the later isn’t that consequential & focuses on convictions.

And rich people (millionaires aren’t rich anymore, just the last thrashes of a middle class) don’t need a credit score at all, they all take out business loans, not personal loans.

The credit score system wasn’t invented to oppress the rich.

Isn’t that what credit score already is?

Just expand that, maybe with generative AI since the accuracy doesn’t matter.

/s

Africa already had significant ancient civilisations before, the last century or so (when even advanced countries finally mostly ditch what we would see as poverty, like England) it was perpetually fubared by European nations, like literal atrocities we still don’t talk about.

Also Africa is very rich in resources. After all, that’s why every advanced nation with two extra cents invaded & pillaged it.

As with other regions, the wars between neighbouring(ish) countries subside with cultural & economic development - if the countries (ever) get to that point (cross several big thresholds). And we don’t even have enough data to verify if this is even actually true.

But like Europe, constant warring for millennia up until 19th century, then sure, two really big wars, but you could already see how culture & economy of the masses shifted & favoured peace over war (“even with the stinking neighbours who we are racist towards”), it became harder to entice wars and/or to convince people we need a war with a neighbour.

I feel like this sort of rule of majority (in practice) & low scarcity is the natural equilibrium where huge efforts for maintaining peace aren’t required.
(Even both WW were because of this equilibrium shifted massively into huge inequalities.)

African countries (so lower industrial development & big inequalities even on small scales bcs scarcity for basics, like food & life opportunities, exaggerates those) see constant proper wars (1 on 1 skirmishes between two countries or even regions), but since mass starvation became a thing of the past, so did the fighting become less intense.
(Africa is huge tho, generalisations like this aren’t representative of actual issues.)

With that I think Middle East would definitely be a much more peaceful place without massive colonialist fuckery over the centuries, or at least without Russia & USA (which covers establishing Israel). Longer lasting stable culture & increasing trade dependency & prosperity + no foreigners financing radical terrorist groups (which comparatively quickly become the dominant power by sheer asset value), yes, I think it would be a much better place & wars a lot shorter.

Now, imagine that Middle East but if the world was already off of fossil fuels for the last century (so less inequality between countries).
Maybe a great (and accessible) active cultural hub between Europe & India?

Hey, you can’t just rebrand literal propaganda as satire!

I mean, it is satiric & very funny, but it’s on the same level of fuckery as The Onion reporting regular news - unbelievable, sounding sarcastic, fucked up, & funny (until you realise it’s just true :D).

(This is a joke comment ofc, the standoffishness is faked for lame comedic purposes.)

… maybe whack it (intentionally) a bit more until it resets?

(It’s not sarcasm; protest & topple the bourgeoisie that keeps you down.)

… I mean, that’s a lot of money and a lot of homeless people around her. And she is getting richer each year from the company that pays poverty wages.

Oh nyoo, first the tariffs, and now the gov hit her right on her slave-wage labour (subsidised by food stamps) costs??

Ouch, right in the Reich!