Tag: natural law = soviet law
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Motives vs motes
In response to the latest shift in UFO hemlines, smart people are speculating on the motives of aliens who send rockets a million light years through space and then crash repeatedly. We should first ask why WE wanted to play the space game in the ’50s and ’60s. It made no sense and had no…
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That’s why
I wrote my usual comment about the nonsense of “rights”. For some reason the usual comment caused a new thought today. The usual comment: “Rights” are nonsense, not found in the Bible. “Rights” were created by aristocrats to grant themselves more privileges than they already have. New thought: I’ve always wondered why this particular bit…
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Who needs FDR when you’ve got Powell?
Via DailyMail: Goldman Sachs readies for a third round of lay-offs that will include some partners in the next few weeks after slashing more than 3,000 positions in the last year as investment banking deals drop off. It is CEO David Solomon’s attempts to cut costs as deal-making – the firm’s major revenue source –…
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Not the best argument
Via MindMatters as usual: New AI systems have carved inroads into many industries, not least of all those involving voice and audio. Now the audiobook business is in trouble; since AI has the increasingly good ability to mimic the human voice and generate words, many voice actors and readers have watched the demand for their…
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Bitgosbank?
Via Protos: Texas has passed a law requiring bitcoin “banks” to be proper FULL-RESERVE banks. No fractional reserve. Even better, bitcoin “banks” must follow the old 1936 banking laws, keeping their customer deposit business strictly separate from trading and speculating. Glass-Steagall prevented serious bank failures when it was in place. The current mess began when…
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And that brings us
Gary Smith is treading outside of economics territory and measuring Life, but he hasn’t quite crossed the boundary yet. He’s showing how log vs linear graphing can aid or obscure your understanding of a topic. It’s a hugely important point, and deeply familiar in acoustics and speech and neurology. His first attempt made a linear…
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Better example
Random train of thought, returning to a not quite random location… Noticed that bitcoin gang leader Do Kwon was finally arrested in Montenegro. This is the least famous bit of the former Yugoslavia. The other little Balkan countries have made the news often. We started a war between Serbia and Croatia and Bosnia and Kosovo…
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Gosbank is the answer
Lots of pointless fingerpointing about the bank failures. R blames D for the ESG crap, D blames R for a deregulation during Trump. The ultimate cause is a total lack of discipline when money is free. Banks are supposed to be highly disciplined and controlled companies, regardless of external regulation. Danielle DiMartino, one of the…
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Spring rebirth
Polistra and friends enjoy a refreshing spring shower now that warm weather has finally arrived. Thank the Lord and thanks to Jerome Powell for continuing to hold the line despite universal screeching from the vultures. Real business and thrift have a chance of rebirth now. = = = = = Graphics footnote after posting: The…
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Older and clearer thoughts
The two “bank” crashes this week resulted from a bizarre reversal of basic definitions. In 2017 I had some broader and clearer thoughts on the subject. = = = = = START REHASH: While feebly attempting to “think” about REAL VALUE vs FAKE VALUE in banking, I noticed a basic fact. So far I can’t…
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Beautiful! More, please!
Another fuckhead bank goes DOWN IN FLAMES! Silicon Valley Bank branch in Manhattan today called the cops on tech investors trying to pull their cash out as a run on the bank forced regulators to seize its assets. Police were called after ‘about a dozen’ financiers, including former Lyft executive Dor Levi, showed up outside…
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One vs many is a myth
Organizing some thoughts, might not go anywhere. 1. Of course AI is a tool. The problem is that the full-scale tool is EXCLUSIVELY in the hands of demons, who are using it for demonic purposes. Anyone can set up their own inference engine on their own computer, but ordinary people don’t have unfettered access to…
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Fake all the way down
I always knew that our “wakeup” response to the surprise of Sputnik was fake, or maybe just incalculably stupid. We ruined our own science and math education in an alleged effort to surpass the genuinely excellent Soviet education. This article shows that our SURPRISE was also fake. The context makes sense based on what I…
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Keeping the channel occupied
Seymour Hersh, the only strict truth-teller in “journalism”, started a Substack a few weeks ago, and immediately gathered thousands of paid subscribers. So far he’s posted one intro, one real column, and one random note. He doesn’t seem to understand the nature of subscription media, which is odd since subscription media is similar to daily…
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What is a reporter for?
Matt Taibbi is following all the bad rules of “journalism”, which are the same as the rules of Deepstate. Protect sources above all. Never reveal anything that your source doesn’t want to reveal. Well then, what the fuck is your PURPOSE? You’re not reporting, you’re just an unpaid (or maybe paid) part of Deepstate. You’re…
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