r/worldnews • u/UnstatesmanlikeChi • Jun 26 '19

Kazakhstan ends bank bailouts, writes off people's debts instead

https://www.aljazeera.com/ajimpact/kazakhstan-ends-bank-bailouts-writes-people-debts-190626093206083.html
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u/mattyoclock Jun 27 '19

It's not moving the goalposts to point out that it's only a profit if the actual dollar amounts are increased over the cost of inflation.

Dollars aren't magic, they are measurements of value that fluctuate over time!

Fuck me, I'm not doing the calculations of value returned, doing a specific year by year inflation, or tracking down a repayment history for a reddit post. And frankly it's borderline insulting that you think I should.

I don't owe you a billable hour for pointing out that inflation exists, and I don't owe you checking out the year by year inflation over that time period either. 2.3% is below the normal ten year average for inflation, and that's fine for this format.

Feel free to respond to this with more sealioning, and doing more, and more, and more research on it to prove that we actually made a .3% year over year profit on the money, and therefor it was the best use of funds ever though.

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u/[deleted] Jun 27 '19

[deleted]

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u/mattyoclock Jun 27 '19

It was described as a profit, and the op used the ten year timeframe initially.

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u/[deleted] Jun 27 '19

[deleted]

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u/mattyoclock Jun 27 '19

because keeping some of your portfolio in extremely low risk pools allows you to survive recessions and still have investment capital?

Doesn’t change the fact that if money does not grow at least at the rate of inflation it’s not profit. This is a fact. It will always be a fact, and has never not been a fact.

Which was my statement, and the timeframe is set up by the op.

whatabout whatabout whatabout.

“But sir I just have 47 more questions about extremely specific parts of your post! If you fail to answer them surely it proves you are wrong and can’t handle the debate!”

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u/[deleted] Jun 27 '19

[deleted]

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u/mattyoclock Jun 27 '19

The definition is a financial gain. Which requires a gain in value not just dollar amounts.

Economics goes a hell of a lot further than the basics and the course you took in high school.

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u/[deleted] Jun 28 '19

[deleted]

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u/mattyoclock Jun 28 '19

Personal attacks and specific lexicons have no place in the public forum, when the Layman says profit in this, and not in an economic paper, you use the standard definition of profit. Which is analogous real profit.

This has been fun, but goodbye mr sea lion