Forum Replies Created
Yes, strangely, China and the EU are furious about capital outflows because a run-of-the-mill bad tax plan makes the U.S. slightly less dreadful than those two. Like, how bad do you have to be in a race to the bottom that the U.S., with a still-high corporate tax rate, blindingly corrupt capital markets, and terrible employee rules like EPA, OSHA, and Obamacare (not that they’re inherently bad but clearly executed poorly) is still better than the r-o-world? Lord help us because thanks to them 90% of the country is a crater.
If you wanted to know what their plan was, here it is. We’re still not going to pay the debt, but Stockmans big red hole will be filled with $4T coming in from outside. And the world’s only mad because it means they’ll have to be competative and steal less. Nothing makes them more furious than success, viz. EU and Ireland.
Yo no entiendo.
It’s only 30f below normal. Me worry?
Again, the exchanges are not the blockchain. In a very real way, they’re not Bitcoin. It’s important to keep the distinction between them.
But then, I could say the same thing about the gold exchanges. They have no core product either, nor traffic in or deliver it. Or for the less conspiratorial, (even though banks paid open fines for exactly that) how about the Libor, or Aluminum or the regular cross-shipping of oil from port to port to create the appearance of shortage? These prices, numbers, markets, are indeed all bullshit and insanity. For profit by taking, not creating, a different form of insanity. Yet if men do not value the truth, what can they expect?
“Nobody knows the ultimate value of this underlying asset…We cannot predict whether it’s going to be zero or one million dollars or anything in between.”
Yup. Same with gold, which is an almost completely useless rock, or US$, when TheBernank decides to add $4 Trillion some Thursday afternoon. This is what happens if you have a game with no rules. That’s fine, but everyone still acts like there are any rules. At all.
Reading this weekend, I’m lost: dozens of commenters come out for the 100th time saying Bitcoin is dead. Are they looking at a different chart than me? In Bitcoin terms, this isn’t even a correction. This is barely the minimum, maybe not even that. We fell to prices seen December 10th and bounced healthily in hours. A healthy drop would be to $5,000, and that’s only October 11th.
Volatile because we can’t determine the value? Fair enough. But prices are always in relation to what? All prices have two parts. Like the fish in water, they forgot that the comparison inherent in prices is the US$, Yuan, Euro, whatever. And in a world where all nations are issuing debt then printing currency to pay the debt, there is also no inherent value and no way to measure the value. I’m not saying that’s good, I’m just saying it’s not unique to Bitcoin. You can’t measure Bitcoin because you can’t measure the US$. With what? A 2% Treasury rate that’s probably 4% under inflation from a nation that mathematically must default? How do those words come out of their mouth? And China’s debt, currency, shadow printing, insider bailouts, central control, where did they learn that but from us? They print money from nothing and buy real world assets, and they’re worrying about the “debt” that causes. Are you kidding? They just printed money, offered nothing, and now own assets worldwide. How can owning something from nothing possibly be bad? And if corruption is so worldwide that no one will stop them are we only mad because they do it too and miss the beam in our own eye?
I’m curious how animals cause global warming. They do know that the carbon animals emit is first consumed by them, right? Cows don’t eat oil. What I find more fascinating is the presumption that everything causes warming, so we no longer need to refer to science and explain it to the readers. The population has already so caved to the weight of the relentless assault that if we told them breathing caused AGW, they’d believe it and pay a breathing tax. Oh wait: they have. But animals, mystery. Should we kill the giraffes and rhino too to get the drop on these naughty creatures and save the ecosystem?
We’re much too big on ourselves. The planet will shake humans off and leave a 2mm layer we ever existed. The planet doesn’t need us; it will win, and the bigger we are the sooner that happens. What we really care about, what we’re really saving is ourselves. All these sanctimonious writers are giant egoists, and ultimately only care about me, me, me. If they really only care about their own, human survival, I can understand it, but they need to go about it differently. Just say it: “I believe I’m not really part of the ecosystem because I’m far superior; and because my life is empty, I’m afraid to die.” That’s a very different issue and root to all this yammering, generously, heartily oppressing everyone for their own, for the planet’s (actually, their personal, egotistical) good. But if you solve that problem, the environment will solve itself because they won’t always need more money, more stuff, more murder, more control.
“The line dividing good and evil cuts through the heart of every human being.” –Aleksandr Solzhenitsyn
“People with mental … health problems has increased by around 75%”
Yes, as the wealthy U.K. have taken more and shared less until the nation revolts against them, and still it’s not enough, never enough. That’s the mental illness that’s been booming.
Holy smokes Hackernoon: yes, I noticed how no one’s been interested in Bitcoin lately, no one’s buying, it’s not in the news, you can’t buy on Paypal, Expedia, Subway, and Microsoft, and rumor has it, direct cash transfers on Facebook. And these other 99 companies: https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/
Yup, total failure. There’s been no interest, no price increase, no adoption, and no buildout. Like Blockchains or no, maybe you should remove the “Hacker” from your name and shorten it to “Hack” because you’re not describing the known universe. Breathtaking.
And wait, weren’t we going to have to kill everyone because human population would increase in a direct line without feedback or restraint? And instead it’s containing itself like it has everywhere else wealth has increased? Huh. Funny ol’ world. Merry Christmas.
If you can’t laugh at yourself, don’t worry: others will do it for you!
Bitcoin Tumbles Below $13,000, Down Almost 40% From Record Peak (BBG)
Strangely, this is normal. BTC should fall 50-60% ($10,000~). This is where it was 16 days ago. Oh noes.
Or looking at the weekly DMA, even $5,000. Newsflash: $5,000 is where it was November 1st.
BTC is a young market right now and is akin to the DOW falling to Dec 6 of 24,300 or October’s 23,000. That doesn’t mean it’s going to go up, or even survive, but this is how the crypto market has acted for all 9 years of data.
Gloomy Brexit Forecasts For UK Are Coming True, Says IMF
Because no one inside or out will let them actually Brexit? And since when has the IMF been right about anything? I think their picture is in the dictionary under “Catastrophically wrong.” Or was it “Perfect record of catastrophically wrong. See: Greece.”? I forget.
The Mines of Moria look more and more like the maniacs’ little Ant Farm experiment, don’t they? You see this pop up regularly if you look for it. Trying to figure out how to mistreat humans, especially women and children, badly enough to weaponize them. And this is wide open: just imagine what they’re doing in the dark.
So they’re actually going to attack and invade Poland. I guess they’re in such dreadful shape that slaughtering an Ireland or Portugal won’t help any more. The ever-increasing maw of corruption and theft demands larger game. Well…good luck. Poland’s survived worse than you many times.
That kind of change, or very anomolous daily temps within a month are pretty common in the Continental U.S. 150 years later we still make records all the time because the temp just hadn’t been strange on that particular Tuesday yet.
So the EU is just going to reverse the Polish election they don’t like? Why not? That’s what they do in the United States. 40% of the people and 90% of the government are working tirelessly to interfere in the election by overturning the results. You just have to keep voting until you elect the person I told you to: that’s Democracy! amirite? Only wish I were making this up. Shout out Ireland and Holland if you know what I mean. Legitimately elected Italian PM I’m looking at you. How did you leave office in 2011 again? A new election, impeachment, was it? Oh yeah, without any democratic process whatsoever, not even a legitimate explanation. Yawn. That was like the 6th time by then, and no one cared then or cares today. Maybe Poland will, hard to tell. I just get exhausted hearing the word “voting” “democracy” and “due process” when it hasn’t existed for most of my life. Will someone notice someday? Hold on, Facebook called and my Bitcoin rose: what was I saying?
Ouroboros: You are what you eat! https://imgur.com/gallery/bY26v
“It can hide activities such as drug trafficking and terrorism,” Le Maire said of bitcoin.
Q: Is this a) like Wells Fargo and HSBC in world-wide drug trafficking and providing banking for “terrorist” states such as Iran, or b) not like identical support of drug trafficking and terrorism by all the major western banks?
Oh wait, with BTC market cap at $330B max, and the drug trade alone at $500B — NOT including Trillion-odd in arms trafficking to Libya, Syria, Sudan, Kiev, etc, the only POSSIBLE reality is that all the drug trafficking and arms dealing are going through the major banks, the SWIFT system, and therefore the Central Banks of France with the full knowledge and permission of France, England, the United States, etc. YOU are the dealers and terrorists, France et al. Oops, we noticed.
Don’t pull my leg. This is what happens when your crimes are so enormous, so universal they can’t be hidden by any conventional means.
P.S. Anyone see that $21Trillion missing from the U.S.? They wrote multiple $700B line-item transfers — equal to the entire U.S. military budget — on a napkin, then forgot where it went. I’m sure losing $1Trillion/year for 20 years is just an honest mistake, and no one would even notice such small amounts moving around the banking system.
Yes Nassim, very smart.
I don’t know what it is with the Poles’ long self-destruction, but it’s well-known. Although they would only flip grudgingly and at last, the signal would be to the rest of Europe of how evil Brussels is. Like who didn’t know this already by 2000? What will it take to break through with the truth over there? Was Greece not enough?
“.. invoking Article 7 will eventually allow the European Parliament to rescind all economic aid to Poland and its voting rights within the body.”
So…Poland will receive nothing and have no representation, but pay for Belgium and Germany’s standard of living? While they’re agitating to leave the EU anyway? I’m sure that’ll work out well. They’d never join Eurasia and take the rest of the Visigrad nations with them or anything, leaving the EU without slave labor pool and resource base to plunder. Nope. My thought? OMG please please please please invoke Article 7 and invade Poland with your non-army. Reveal this vicious, evil institution and put it out of its misery so Europe can go back to being Europe again.
Meanwhile, in Greece, you wouldn’t think Greeks would be using cash because they somehow think when making €400/month they can’t afford the loss of an additional €100 in taxes, do you? Never. They’d starve before not paying their full taxes. Or vice versa, as seen every day.
I’m not sure where they’re going with the physical limits article, but it’s silly.
We only just (in regular terms) broke the 4 minute mile (1954), now it’s common. A Marathon used to be a superhuman feat that killed the runner, now it’s a bumper sticker.
Looking back, we had the Voyageurs carry 200lb of furs plus their canoe pretty much all day long. Winter, summer, whatever. Rob Roy slept nights in the snowfall in a kilt — basically a wool top sheet. Iroquois were considered examples of physical perfection, and would run a double marathon just to pass the news, then a double marathon home. Apache or African tribes are happy to run a deer to exhaustion on foot — no need for messy arrows and spears, just patient amusement. I think we’ve heard of vikings, who rowed from Oslo to Venice for summer fun, pick up a few bucks. So, anybody doing that today as common?
Looking forward, so why wouldn’t better understanding or even engineering fix some of the primary human deficiencies? Even our closest relatives can metabolize vitamin C. There are genetic examples of outliers who can simply break human limits akin to the 4 min mile. https://en.wikipedia.org/wiki/K%C3%ADlian_Jornet_Burgada
These appear to be transmissible, replicable genetic anomalies, and with gene therapy an everyday fact, it’s possible all of us could someday partake of it in some way at birth, with a pill, or most likely inevitably, by the gene being dominant.
So…what are they getting at? What’s the inexplicable addition of Global Warming to an article on genetics? Reminds me of the old quote of the patent office in 1899 “everything that can be invented has been invented.”
In this case, the motto is more “Science: Always Wrong but Never in Doubt!” You guys are literally goddamn scientists. Google it or something will ya? It’s embarrassing.
“And you will go to Mykonos
With a vision of a gentle coast
And a sun to maybe dissipate
Shadows of the mess you made
Brother, you don’t need to turn me away
I was waiting down at the ancient gate”
“demanding that all countries host some refugees as a way to demonstrate solidarity.”
…While France and Germany organized an EU plan excluding 26 states, including a gruesome attack on their own body in the U.K. and Greece? EU “Solidarity”? Pffft! Translation: “Submit or die.” If they say “freedom” they mean totalitarianism. If they say “tolerance” they mean oppression and purging undesirables. How can anyone report otherwise by now?
Nice touch to have Poland, which is (I hate to say this), one of the ‘important’ members of Eastern Europe (the others being too small or less geographical) be the paid for figurehead puppet right now. Shows their social control AI and wiretapping is really paying off. What I said about thank God the EU doesn’t have an army or they’d bomb Poland? Well, as of last week, they’ve got an army. Or in EU-style, the agreement for an army, without any actual army or funding. If Poland becomes a Christian, working, law-abiding, unified national state, the EU will have an enemy in the rear of their atheistic, anarchistic, debt-ridden, parasiticial, non-producing state of chaos; and who wants that? I mean, a functioning Poland down to Romania could lead to a prosperous, functional Greece, who would not have to watch their own citizens and refugees die. Then what will they watch on TV while drinking Dom Pérignon?
More to the point, they would be a functional state merged with Russia’s Eurasia, which would mean you could not use Disaster Capitalism (i.e. the same chaos they are now fostering to cannibalize W. Europe) to steal the whole resource base of some 20 countries there while being intolerably weak and hollowed out at home. ‘Cause how else are they not going to laugh hysterically and spit on your battered 100-year old paper mask of an extinct tiger?
Americans may be lampooned as being Yosemite Sam shooting off at everything, but I don’t know why Europeans put up with it. A fool could see this was the plan for Greece worse than my cynical heart could predict, and yet all W. Europe and the EU talks of solidarity while calling more and heavier chains of debt an “aid” and a “bailout.” Bailout, really? Are you kidding me? “Bail out” bank vaults like Bonnie and Clyde maybe. So the banks need a fresh injection from government, so they’re finally discussing German reparations to Greece…which will be used to “pay debts” and therefore bail out collapsing German Banks. #circlejerk “Should I pay myself more money? Why yes, I think I will!” Which is cynically Germany helping itself and screwing Greece again as its cover for more fascism, which ironically their supposed “Right-wing” AfD does NOT represent. Meanwhile Varafoukis, who knew this darn well and was planning a Bitcoin or Tax-voucher currency instantly freeing Greece flies around promoting a pan-European solution. Newsflash: unless Ultron built a space lifter under your nation, no one is “Leaving Europe”. They’re all Europe, and all the lawyers in Brussels (that’s saying something) can’t redefine Poland, Romania, or England “out of Europe” and “no longer European states.” Varafoukis is simply insuring that more nations die of domestic abuse before breaking up anyway. They will however, fast or slow, willing or unwilling, turn away from France, England and Germany for 200 years and focus on the Silk Road, if they keep acting like this. Which sadly they will.
“No matter how cynical you become, it’s never enough to keep up.” –Lily Tomlin
I guess what gets me is if Monbiot believed a word of his own argument then with sad resignation he would get up from his desk, go down to the Oxford allotment and get his hands dirty making food to save the life of one other human. Once down there the other dirty undesirables would show him a universe of things he doesn’t know. How even in England they can grow fabulously more veg than anyone thought possible. Multiplied by every unused verge, every rooftop, every seashore, every reclaimed heath in North York, and suddenly you wonder: is the whole world like this? Can you really make the desert Outback bloom with new water, create forests in Africa and India just by planting a few seeds on the daily constitutional?
But he doesn’t do anything so he doesn’t learn anything, and so reinforces the slothful fears of other uninformed people, who then do less to fix things, not more. Drive the “right” car to Canary Wharf with 500lbs of lithium, buy the “right” clothes imported with oil from China, and carefully sort the rubbish which he dutifully pays to have dumped in the oceans on his behalf.
Listen: there’s enough land on the margins of American highways to feed Belgium. There’s enough suburban front yards to feed France. There are limits, but we’re nowhere near them. If he believed a word he’s saying, he would motivate and know that, but he doesn’t. It’s the useless air of hyperventilating. Come to my town: we don’t even grow the fields because food price is so low. The food that’s made is sloppy, careless, under potential because it’s so unprioritized farming is a ticket to bankruptcy, outpaid by virtually every activity on earth. Incentivize it over a useless waste of time and talent like Bitcoin and get back to me about what humans and the planet can do. Read a book, man. It’s your job after all: learn something.
To “get someone’s goat”
To annoy or anger someone. The origin of this expression is disputed. H.L. Mencken held it came from using a goat as a calming influence in a racehorse’s stall and removing it just before the race, thereby making the horse nervous. However, there is no firm evidence [c. 1900 ]
The EU reining in Poland’s lawlessness? That’s rich. And Poland promoting traditional, working, Christian values? No wonder they’re a “rogue state,” they hate success with a white-hot hate. Good thing they don’t have an army.
OMG Monbiot, can you get anything right? Where will the water come from? Do you even science, bro? Aside from phenomenal advances in drip irrigation, it’s called the hydrological cycle: water isn’t burned up and disappears like oil, it moves down the environment to be used again and again. Additional heat will also causes additional evaporation and arguably more precipitation. We would know that, but no one has yet modeled the effects of water, which means they’re not modeling at all. Not to mention he missed CA (and TX) being flooded, not droughted because facts are so inconvenient. Did you notice that the topics can grow more food than anywhere? Rice fields will move north, ya lout. The corn belt will be reduced? I live with corn, and if you suggest summer temperatures will move from 100f to 140f, then yes, but corn looooves heat and the whole northern half of the corn belt doesn’t get enough of it. What about their yields? And not considering the whole Northern Hemisphere would be able to produce more food than now, as the U.S. is smaller than Canada and France is smaller than Russia. Moving on, you claim no one pollinates the tropics? Because I’m thinkin’ they do. Maybe we should discuss that throwaway line about how if Monsanto poisons all insects, you lack pollinators? But that’s an entirely different, voluntary problem: one they don’t want to tax and hate and write songs, make news, pass laws and trash candidates about.
Speaking of oversights, he then peppers the essay with 20 ways to increase yields on existing lands: smaller farms, more handwork, which would lead to more varieties, more involvement, more employment, more stability, more solutions, then discounts that we have a battery of unused solutions in the voluntary crisis and again promotes killing people by throwing up our hands and not implementing any of them because hey, it’s AGW: we’re helpless. It’s simply impossible to change. Poverty and mass murder: always the answer, always in style.
Again, he knows nothing about small farming, which virtually REQUIRES meat production as part of creating organic fertilizer. So we’re going to get BOTH staples AND meat if you have small farms, the same way they did since Christ was a Corporal. That suggests its own solution. He then waxes into wildlife, when he said he was concerned about feeding humans. Yes, feeding every non-human would cut into feeding the humans a bit, wouldn’t it? But if you want to protect that too, you’ll more than double the size of your argument. So it’s a throwaway meaning: “It’s really bad, m-kay. All is bad, humans bad.”
He then moves into the simpleton’s piece de resistance: the smartest idea to feeding more people with less erosion of wild lands is to grow biofuels instead. Wait, did I read that right? Yes Virginia, the Guardian never disappoints: they comb the earth tirelessly, seeking the dumbest, most irrational people to justify chaos and mass murder, and give them the front page daily. Yellowcake, WMD and ties to Al-Queda, anyone?
But Monbiot: surely just a second ago you said small farming was 3x more productive, suggesting a human limit of 18B, but we need to stop using plastics, poisons, and go back to the land? “Never you mind, peasant farmer from the stupid red-hat wearing food-growing portion of the greatest food producing nation on earth, for I, I am “an expert.” That’s how I know, from the rarity of my office chair that what the world really needs is more automobiles whose fuel is re-purposed food-producing lands, with more vegetarians like me driving them.”
…But didn’t the U.S. re-purposing even a fraction of corn to ethanol cause worldwide food price spike, the Arab Spring uprisings, mass death and chaos in the millions and the reintroduction of slavery on earth?
“Tut tut, my dear. Did you not just hear me say that for I am an ‘expert‘? Listen to your eminence and The Guardian, for they know best for you.” And will give it to you good and hard if you let them. They need to teach growing things in school to inoculate the population against this irrational, ignorant madness.
I was going to point out the same thing: it’s an expression of their culture.
No animals, no prisons because, if you have a prison, YOU have to stand in prison all day to keep them there. If animals have sad, work-demanding concentration camp lives, YOU have a concentration camp life. And who wants that? You’d have to be gol-durned idiot to voluntarily go from fishing and hunting fairly and free to a prison camp…even if it’s warmer with larger houses. Proof? So many captured colonials refused to return to “civilization”, even by force.
That invalidates their entire theory. Agriculture does not lead to inequality. Insanity does. But being from an insane culture, they attribute this as a natural human tendency, like all enabling codependents. We see this often expressed as a wish to kill humans in a fake bid to save the earth. Madness.
“One man cannot hold another man down in the ditch without remaining down in the ditch with him.” –Booker T. Washington
No doubt they will. But their problem is they have to bid on BTC “fairly”, not just click a mouse and assign themselves a trillion for free. I mean, we just had accounting showing $21 TRILLION missing from the Pentagon budget, including blank-line transfers amounting to $700 Billion…totaling ANOTHER entire Pentagon budget without oversight.
So…they print US$ and buy BTC? Yes, it’s called hyperinflation. As they actively engineer to make their own currency worthless and discarded, and therefore transfer the value of whatever they print into their competitor. Destroying your own system, the castle and moat of the monetary control is not exactly a winning hand. Many hope and pray they buy all BTC with their US$ and convert the system themselves without our help.
Me? To me it looks like a new system of control. Different from the old, but if the people don’t like justice or hold anyone accountable, for anything, ever, as we see in the news 10x a day, what do you expect?
“Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.” – John Adams
That’s no less true of our social or monetary system. The American plan is built on “We the People”; if we’re corrupt, lazy, mendacious, self-serving sots, nothing can help us and Bitcoin will only serve as the new name to our slavery. Sorry, but “The price of “Liberty is eternal vigilance.” It’s unpaid work followed by more unpaid work. Bitcoin doesn’t change that.
Yes, they’re faulty because they’re bald-faced lies. The problem is, when does the accounting or public perception finally start to reflect reality? My God, it’s been 30 years now and still no truth breaking through. Will I die of old age before anyone starts telling the truth around here?
On a side note, they’re talking about stocks “crashing”, reverting the mean or real value. Why would that happen? Isn’t it more likely reflecting reckless money hyperinflation and therefore a tulip crash? The best stock markets in the world were Zimbabwe and Venezuela, rising thousands of percent like ours. If you print enough to buy up one of the world’s biggest economies in 6 years, wouldn’t you expect everyone to flee into the only remaining offsets like stocks?
But that doesn’t make it good, or stable. It means the US$ will vanish in use. And be replaced with what? We were never going to pay our debts; this is just our way of defaulting. Just like Adam Smith said in 1775.
First, Yellowstone at 3k sq\mi is 1/20th the size of New York. Even adding 1/4 of the surrounding states to make it equal to 54k sq\mi, there are 900 Townships in New York. Anyone guess what the range and food requirements for a 700lb bear are in a sparse, wintery area like Yellowstone? I’m guessing it ain’t good. So one bear per township, accounting for a few human places taking up space doesn’t sound too far off. …Unless you want to start putting out food subsidies for them. But it’s hard to tell from here — I’d have to ask people in Wyoming instead of having a bunch of mall-shopping writers tell them what to do. Certainly wolves quickly escalated into a western problem after their reintroduction.
Say, didn’t London have a big problem with unoccupied mansions? I think I found the answer for your 130,000 homeless. /sarc
That is a beautiful photograph, carefully expressing the real personalities of the Kennedys.
They’ve played their cards well: “You voted wrong, now go back and vote until you get it right.”
Of course being the Anglos, that would be too obvious, so dragging your feet and screwing everything up until it’s a mess, THEN calling a referendum will make it the people’s fault again. Not their leaders, ‘natch.
On the other hand, take Mish’s option: leave the E.U. tomorrow, pay nothing, clear the market-hobbling uncertainty in days, and make them invade if they want to collect. That may sacrifice some U.K. continental assets, but looks like all that will be in the courts for generations like Jarndyce and Jarndyce, but it’s better than paying AND in court, AND with a vicious ex-wife in your house, so might as well be cut off the sinking ship in the meantime.
Will they do it? No. They have the opposite of the good of the country in mind. The people may not be well-versed, but unlike their leaders at least they’re smart enough to know up from down and good from bad.
Does the U.N. remind you of an extortion racket? Now that it doesn’t look like we’ll pay our bills, they’re looking to give us a black eye. This is after happily signing on to 16 or 37 years of illegal war, having Sudan and Saudi Arabia on the human rights council while S.A. was killing 100,000 civilians in a Yemeni genocide, and, as he says, helpfully offering cholera to Haiti. That is indeed a “fearsome track record.”
He also claims worldwide authority to bring all nations and individuals to heel? To extradite, try, and as recently, de facto execute local politicians in the Hague? Nice try, but we already saw they only the names at the bottom of his checks. That means despite the eyewash they have no authority but what constituent nations tell them to have — or don’t have, as when even today they stand back for the Syrian invasion. 500,000 killed, slavery starting worldwide, and he’s investigating poverty in a nation millions of poor people are fleeing to because of the welfare? Pull the other one, Jack.
The U.N. was after Cuba, China, Iran, Russia, for decades. Do they look bother’ed? Did it do anything but re-route their air traffic? And is Mr. Alston planning to invade the U.S. to enforce himself? To what human rights consequence? With whose army? Ours? Hey, I’ll be thrilled to have any consequences for illegal wars, but if I wanted it done why would I pay them to do it and relinquish sovereignty? He’s raising cash. For an Extortion. Racket. Since he flew in from the Hague for us I’d be happy to open an investigation on him for the U.N.’s crimes…in Cleveland.
So…the U.N. will pay for thousands of refugees to rent flats in Greece. Did they notice they’re evicting thousands of Greeks to do so? If the Greeks fled to Syria or Germany maybe the U.N. would finally help them? Reminds me of yesterday when the economists realized, lo! they needed to help the poor or else their scam would stop working. Great! All I need to do is slip under $1 a day and they’ll help. $2 a day? Hit the road, rich guy.
The U.N.: totally bankrupt in more ways than one.
I’m Glad Morgan Stanley Has Warned Us About Jeremy Corbyn (Ind.)
Britain has a Right-wing press?
US Senate Suspends Tax Bill Votes to Friday Morning (BBG)
A group of moles suddenly shifts sides to obstruct key legislation? It’s almost like they’re not one party and don’t support their own platform.
He pledged the inquiry would not put “capitalism on trial.”
Maybe they should put Australian Capitalism on trial for identity theft.
Gold Trader Implicates Erdogan In US Sanctions Breaking Case (BBC)
Did I miss something here? The U.S. puts a foriegn national on trial for crimes committed outside the country? This means they claim soveriegnty worldwide? …Don’t answer that.
Dreams of power are always costly.
Only if they’re violent. Cooperation is profitable and self-reinforcing. This is why the Silk Road will bury the Anglos. And also why a man once wrote a speech stating, “Harmony, … with all nations, are recommended by policy, humanity, and interest. But even our commercial policy should hold an equal and impartial hand; neither seeking nor granting exclusive favors … forcing nothing. …”nothing is more essential, than that … just and amicable feelings towards all [nations] should be cultivated.”
Oh and P.S.
“avoid the necessity of those overgrown military establishments, which under any form of government, are inauspicious to liberty…”
“Honesty is the best policy.”
Same: Maybe this is a GOOD thing, because what he’s suggesting is so bad it could never possibly work?
But then his pals will waste a lot of valuable resources stumbling ego-drunk around the maypole.
The U.S. uses the Mae West aliabi: “I used to be Snow White but I drifted.”
Doesn’t the VIX look like portfolio insurance in 1987?
What’s more on banning plastics: everybody likes them better. There was a collective sadness when Coke stopped coming in returnable bottles with wooden crates. Even today they are able to sell bottles at a premium, but don’t. Part of the high-end, high-touch market is to wrap things in butcher paper with a string, and people pay extra to go to a farm market with wooden crates, more interesting but perhaps less-perfect produce, and less heat. Ireland banned plastic bags to great relief, so what’s the holdup? A: corporate profits. Every “less” is a loss to GDP, and we’ll die rather than let that happen.
Speaking of, they’re serving microwave meals in the U.K.? That’s possibly the most expensive food in the market. Go to an Indian store and buy rice and dal in a 50# bag with peas from the allotment. I know that’s not the point, but if you’re down your life depends on getting smart. May or Brown won’t help you and if history is any guide Corbyn won’t either.
NATO could of course straighten this out even today.
What does that tell you about how much mass murder and slavery bothers them?
And those removing statues from a slavery ended 152 years ago? Is this their prime issue, or the exact location that bronze may weather?
That tells you how much they care about race, mass murder, and slavery. What will it take?
Strangely, the first money is not an asset but a debt: Lend me your bow and I’ll give you a rabbit. Because, why on earth would you need abstract money? A town of 200 only has you and your cousins. You eat at each other’s houses. To transact in “money” seems rather gauche, doesn’t it?
Yes you’d barter further out because where would you get money, the ATM? Certainly the natives here didn’t bother with it; there were gold nuggets in the streams they never bothered to pick up. Calling every small, standard trade good like beads or copper “money” is pushing the definition a bit, isn’t it? Fur and tobacco? Why not needles, gunpowder, cloth, toys, tinware? Oh wait, that’s everything, isn’t it? In any case, money was neither used, desired, nor missed in native America. Might look into it: it seemed to serve them well.
“Britain Must Accept High Immigration Or Forget Trade Deal With India (BI)”
I’m sorry, India WANTS to send their intelligensia, doctors and engineers out of the country? I somehow doubt it, but if so, Britain would be doing them a favor by not taking them. And India would refuse to buy British products, warplanes, Heinz sauce or whatever else they make if they refuse to steal their doctors? I find that pretty hard to believe. So Luxembourg or New Zealand are required to steal Indian engineers in order to get masala? No. Open New Zealand doesn’t accept anyone and I doubt Luxembourg has the room.
However, that no one respects (any) U.K. minister and ignores them I can heartily believe.
“At its root democracy is quite simple. It is the exercise of political power by the majority over the minority.”
This is why the Founding Fathers feared and despised Democracy. Nor is this hyperbole: most of the Federalist Papers were dedicated to assuring the public that the new United States would be a Republic, NOT a Democracy. At all. Why? Because as the quote above shows, a perfect Democracy is where the 51% can oppress the 49% without limit and without end. A true Democracy? Revolutionary France. Do you like this man? No? Does the crowd here today say off with his head? Yes? Evidence? We don’t need evidence: the will of the people be done. And btw we’ll divide up his palatial estate or his cobbler shop among ourselves on the same premise, and if his daughter ends up in our hands, that’s the way things go.
No. No. No. We are not a Democracy. We never want any Democracies anywhere on earth. We want the rule of Law, not of men, and if the Burning Platform can’t tell the difference, they need to sharpen their language skills.
A Constitutional Republic, as ours is supposed to be, is where the rule of LAW is sacrosanct, and is designed specifically and especially to protect the rights of the MINORITY, believe it or not. You cannot harass the minority (4th Amendment), you cannot suppress the beliefs of the minority (1st Amendment), you cannot silence the minority (1st Amendment), corral them into ghettoes (1st Amendment), interfere in their business (Art. 1 Sec. 10) or steal their property (5th Amendment). Should any attempt be made, they have the right and the means to defend themselves by force (2nd Amendment).
Not that anyone follows the Constitution anymore, or didn’t immediately bend it to their desires (Adams Administration) but this is the goal we are trying to uphold and NOT a rule of the 51%. Why? Our turn toward “Democracy” both in word and belief is the core reason for the shattering of U.S. political life today. Why? If Hillary gets in, a group of people believe she will trample the lives of the 40% Conservatives. And naturally, if Trump gets in, a different group believes he will trample the rights of the 40% of Progressives (20% or more don’t care either way). But how is it that ANY leader or contingent got the authority to trample ANY group? Oh right: that’s Democracy. AND the total erosion of Separation of Powers, due to a 230-year centralization and power grab. True Democracy is Facebook. It’s Twitter. It’s today’s news, having your life destroyed in seconds in the court of public opinion with no due process and no appeal.
But that’s the theory. Please, let us all stop today and reflect on the meaning and deadly peril of true Democracy as our forefathers did. They mapped it out: we don’t need to reinvent the wheel.
If only there were some way to track that centa-millions in campaign funds. We should pass a law demanding banks keep “books” of names money going in and out. We should pass a law on this “campaign finance” thing, and have it all tracked, so the voters know where the money comes from and protect democracy from being undermined by bribery and undue influence.
Then we could have the government enforce these honest and open rules on…themselves?
“But since the crisis British performance has been dismal. Although productivity jumped in the third quarter of 2017, prolonged weakness means that it is barely higher than its pre-crisis peak a decade ago.”
Wow, talk about framing expectations. First, markets hate uncertainty. However temporary, any transition — even an openly positive one — is certain to cause a decline. Second, so the economy has been catastrophically weak since they day the U.K. joined the EU? Gee, I think that’s just what we were talking about, yet this writer cleverly makes it sound like both the 10-year slump is caused by Brexit — prophetic Brexit, apparently — but that Brexit is the driver DOWN, while joining the EU 10 years ago was awesome, and who wouldn’t want that? I mean, it only caused the complete stagnation of ALL GDP, in ALL nations except Germany during its entire history, AND crushing Spain, Portugal, Italy, Greece, Ireland, and Eastern Europe to boot. What’s not to like?
Seriously, be careful with words. 10 years stagnation, uh-huh. And look at the next article: this 10 year stagnation put consumers in the Christmas “sweet spot” in 2016. Funny, I don’t remember reading 2016 was a great shopping season, in the U.K. or here. In fact they were quite concerned about itfor some reason.
Brexit Prophesy Disorder I suppose.
I was just looking at that excellent article myself.
How will they survive? In their bunkers or in mountain chalets. They’ve never paid yet in a world war, why worry now? Who will provide for them? Why do you think they put 40 years and trillions of dollars into automation and a robot army? Even food production, picking strawberries, all humanless, all sci-fi. This is why at the last hurdle here, they have billions a year to unemploy drivers, billions for A.I. Stephen Hawking says will kill everyone, billions of subsidies and oversights to bankrupt retail using Amazon, and nothing for 99% of citizens. And the two pillars to insure this automation will happen and ruin humankind are 1) an artificially high labor rate via unproductive insurance and regulation, (Obamacare and the 30h week anyone?) and 2) an artificially low interest rate that makes purchasing human-replacing equipment literally free. This language speaks to 100% of companies, bankrupting anyone who dares continue to employ humans. In the meantime, until we get rid of 4B pesky humans — as advertised regularly, e.g. by Deagal — we give them UBI that requires them to be obedient on pain of bankruptcy and certain starvation. It’s not like they’re hiding it: you can read their white papers on what and how all day long, or the pop versions in “Wired” or articles on the latest from Boston Dynamics. Apparently people love it. They’re happy to support it and participate.
So not to worry: they’ve got it all worked out. …Unless you’re a human, that is. In that case their plan is not so good.
True enough. We have advancing use of it in trouble area like Zimbabwe and Venezuela, but that is different from other economies, perhaps less mature black market, larger in scale or speed, etc.
Also although BTC rose to $14k in the Zimbabwe non-coup, most of the development was before now, when BTC’s fees are reaching $5 and take 24h. We don’t know if that presages abandonment or a flip into LTC, Bitcoin Cash, Monero, or Dash, but it suggests Bitcoin Classic is now better suited to multi-million transactions than a broad public support whose everyday transactions could provide a floor. If that’s the case, then when those rich transactors get disrupted, the demand may fall. Or not. No one yet knows.
“…debt was able to support a rising standard of living..” Crack me up. Yes, when I racked up that $25k in credit card debt it really “supported my standard of living.” Oh wait, it didn’t support anything, it hallowed out and undermined my standard of living, but did allow me to perpetrate a fraud on my family and neighbors ’til the sheriff showed up. How many times do we have to learn debt is not money. Debt is the OPPOSITE of wealth and money.
“The judiciary is the branch of government in the US and other countries that is relatively free of bribery.”
Clearly this gentleman has no experience with the U.S. Judiciary. Justice Roberts or the Citizen United decisions anyone? A 99% Federal conviction rate?
Bitcoin mining cost is not fixed. That is, it’s not the same Bitcoin in 2010 as now. The difficulty of mining, of solving the cryptographic puzzles, becomes wildly harder each year until it is completely impossible and stops at 20M coins. This is by design as the processor speed increases by Moore’s Law, doubling every 2 years. So yes, hopefully it will never be profitable to mine the last Bitcoin except for bragging rights. It’s supposed to be too expensive to bother. And we’re already at the bleeding end of all mining. Keep that in mind when they’re complaining about the eventual cost.
It also occurred to me that the BTC expense is overinflated. They calculate it on the premise that the machines processing it were created and run only for this purpose. However, a lot of the servers, switches, and nodes would be running anyway, just like your own PC and router is mostly on. So you’d have to subtract the standing “on” cost of the whole internet from the dedicated BTC server farms and miners. Granted, it’s a lot, but it’s also not fair to say it costs $20,000 to buy a head of lettuce when you’re going to own the car anyway and drive for a thousand other tasks.
Again, it points out how priceless trust is to human interaction. That’s what gold used to do–another useless token. If we can’t get trust and justice from local interactions under 150 people, we must get it some other way at greater expense.