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Cake day: June 9th, 2023

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  • Do you actually understand how this works? It’s a beautiful statement and oh so noble, but it just flies against how the world really works.

    At some point, maybe not today, but at some point, you’re going to be saving up for your retirement. Your money will be invested; either passively or actively. If active, a fund manager (or maybe even yourself) will be spending time, every single day, wondering how to maximise the invested cash. If passive, you’re letting a WHOLE lot of fund managers make the decisions for you (wisdom of the crowd). Either way, Google better fucking perform or the investors will go elsewhere.

    And you’ll be an investor too, asking for Google to do better than anyone else or you’ll take your savings elsewhere.



  • They definitely do. The vast majority of cars (Tesla being a notable exception) run their critical systems on CANbus with AUTOSAR and QNX or VxWorks. That’s why their entertainment system can still crash while the car drives on just fine. That doesn’t mean one can’t obscure the other; on VW group cars, for example, the reversing camera is run by QNX on CANbus but shown on the entertainment screen as an overlay. Occasionally you’ll see QNX starting to show the camera before the entertainment system has had a chance to draw the frame around it.


  • sunbeam60@lemmy.onetoMemes@lemmy.mlthe debt
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    23 days ago

    <giggle.gif>

    Not really. They’ve got a version of the euro, called kroners, which allows Danes to believe they have their own currency. They are locked into an exchange rate band (extremely tight) which means the Danish central bank has to follow every decision the ECB takes within minutes). And this makes complete sense, in that it’s a compromise that’s edible by voters (maintaining the illusion that Denmark didn’t adopt the euro) and edible by business (allowing businesses in Denmark to participate fully in the common market).

    And that’s one of the reasons Denmark has such small national debt and runs a government surplus - they can’t really invent new money because it would break the bond with the euro. So the Danish budget is sort of a “household budget” in that in contrast to, say, Sweden, they cannot create money (meaningfully) and the books have to balance (which they do; lots of oil, Novo Nordisk, Maersk, Vestas and a few other big international plays who still pay a majority of their tax in Denmark obviously helps a lot).


  • sunbeam60@lemmy.onetoMemes@lemmy.mlthe debt
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    22 days ago

    Yes more or less, that is indeed how the central bank creates money most of the time; the government creates a piece of paper that says “IOU 100k and I’ll pay you 5% interest on it for 20 years and then I’ll return your original 100k to you in 20 years” (that’s a bond), which they sell on the open market, at auction (where the variable element is the interest rate someone is willing to accept). When the central bank wishes to increase the money supply they buy government bonds on the open market (ie from other holders, rarely from the government directly) by materialising money out of thin air.

    When they wish to shrink the money supply they sell their government bonds and destroys the money that they receive from the sale.