222 responses to “Sandbox – 30apr23”

1. 

   scenes

   03 May 2023

   On a completely different matter…
   Could someone do me a favor and read this and give a short summary?
   https://reinettesenumsfoghornexpress.substack.com/p/americas-frontline-doctors-all-roads
   Unusually, I can’t make it through the article as my nictitating membrane keeps closing up and I have to stop.

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2. 

   Don Bessee

   03 May 2023

   Society is upside down in the shitholes –
   NYC alleged shoplifter hits Walgreens security guard on video – guard arrested on assault charge
   https://www.foxnews.com/us/nyc-alleged-shoplifter-hits-walgreens-security-guard-video-guard-arrested-assault-charge?dicbo=v2-SfcSlL0
   😉

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3. 

   Scott O

   03 May 2023

   Don 4:47 – That link then led to me finding this:
   https://www.foxnews.com/politics/democrats-ignore-criminals-blame-car-companies-skyrocketing-auto-thefts
   It’s the car companies fault for people stealing cars.
   OK.

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4. 

   Scott O

   03 May 2023

   scenes 4:12 – Sounds like a lively crew to be mixed up with:
   https://www.aflds.org/about-us/press-releases/corrupt-lawyer-joey-gilbert-resigns-in-disgrace-from-aflds-board-to-avoid-further-legal-scrutiny
   There’s probably a lot of truth in that crowd mixed up with a heaping helping of paranoia and smug self-righteousness.
   And no – I didn’t read the article past the first few sentences.
   Maybe some one else?

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5. 

   Don Bessee

   03 May 2023

   Now that fing halarious considering the source –
   Barack Obama lectures about ‘widespread disinformation’ on World Press Freedom Day: ‘Truth matters’
   The Obama administration spied on journalists and seized their records
   https://www.foxnews.com/media/barack-obama-lectures-widespread-disinformation-world-press-freedom-day-truth-matters
   😉

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6. 

   Don Bessee

   03 May 2023

   Now that fing halarious considering the source –
   Barack Obama lectures about ‘widespread disinformation’ on World Press Freedom Day: ‘Truth matters’
   The Obama administration spied on journalists and seized their records
   https://www.foxnews.com/media/barack-obama-lectures-widespread-disinformation-world-press-freedom-day-truth-matters
   😉

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7. 

   Scott O

   03 May 2023

   Don 9:02 – Obama is nothing more than dog manure. He is a highly trained barking seal with no morals beyond taking care of his own. He is worse than Biden because Biden hasn’t the wit (he never did) to realize what a stupid hypocrite and blowhard he is. Obama knows exactly what the game is and knows how it’s played. Being a skilled hypocrite is what Obama strives for. He figures that if the majority of the populace are idiots, then they need a class above them to play them and extract power from them.
   The Obamas do play the game well. After achieving the highest levels of power they blubber to no end about how badly they have been mistreated.
   Despite their professed love of the “people” they actually fear the guillotine more than anything. No wonder that class of shits want to disarm the populace.

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8. 

   scenes

   04 May 2023

   Scotto: “There’s probably a lot of truth in that crowd mixed up with a heaping helping of paranoia and smug self-righteousness.”
   Well, that’s the thing. To be accepted, you have to buy into the whole kit and kaboodle.
   Obviously the medical world is filled with equal parts grift, bullshit, well-meaning, and unreproducible results. The alternative medical world even more so.
   COVID shows what happens when you give that community political power, hilarity ensues. ‘Because-I-told-you-so’ makes piss-poor policy.
   I think a Constitutional amendment is in order, the Right to Mock.

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9. 

   scenes

   04 May 2023

   Scotto: “It’s the car companies fault for people stealing cars.”
   Naturally. It’s like how Toyota is at fault for making their catalytic converters easy to steal. The raping is deserved because their skirts are too short.
   When you build a constituency on a coalition of public unions, the homeless-industrial complex and other ‘non-profits’, and a vote-selling cadre of the non-gainfully employed you are going to represent their interests. The Lamprey Party will always vote for the fish to keep supporting them.
   Until the system itself collapses, which could take some time, I expect that you’ll continue to see a movement to the hinterland by the responsible, followed by a pursuit by their dependents. To keep The Machine going, you either have to find some way to extract wealth from the escapees, move your people into their areas, or make it impossible to live outside urban centers. You can organically see all those policies starting to ramp up, no central control is needed.

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10. 

    Cereal Liar

    04 May 2023

    Scott is suffering from the MAGA mind virus.
    Obama spoke about disinformation, you know like Tucker Carlson,
    but Don B. goes to surveillance and record seizures to prove the point which doesn’t make sense. Now that we have seen Tucker’s records we see what a lying asshole he is.
    Scott still continues to promote disinformation and lies about gun control, 80% of Fox viewers support gun control regulations. Scott appears to be aligned with Ruby Ridge/Waco crowd.
    MAGist propaganda.

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11. 

    fish

    04 May 2023

    Posted by: Cereal Liar | 04 May 2023 at 08:13 AM
    It’s like dugsKKKi actually crawled inside jeffy….

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12. 

    scenes

    04 May 2023

    ” It’s like dugsKKKi actually crawled inside jeffy….”
    The turducken of posters.
    There has to be an AI out there, let’s call it GPT-L, that generates librul shibboleths. Next up will be ‘vile’, ‘Trumpster’, or some variation on ‘MAGot’.
    You have to admit that ensuring the rights of men to expose themselves in the girl’s locker room is a helluva hill do die on.

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13. 

    fish

    04 May 2023

    Posted by: scenes | 04 May 2023 at 09:45 AM
    
    Might be fun to watch GPT-C vs GPT-L for a years worth of comment iterations! Take summer 2023 through summer 24 off and reconvene later.

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14. 

    Bill Tozer

    04 May 2023

    Biggest story no one is talking about. Joe Biden bribing foreign national as VP. All we seek is the unclassified document in seven days.
    FBI has document alleging pay-to-play scheme involving Joe Biden, lawmakers allege
    https://justthenews.com/accountability/political-ethics/fbi-has-document-alleging-pay-play-scheme-involving-joe-biden
    Latest evidence in Hunter Biden probe turns attention to Joe Biden, informant claim of bribery
    https://justthenews.com/accountability/political-ethics/latest-evidence-hunter-biden-probe-turns-attention-joe-biden

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15. 

    Gregory

    04 May 2023

    “Scott still continues to promote disinformation and lies about gun control, 80% of Fox viewers support gun control regulations.”
    -Cerial lyre
    So Cerial, you believe that husbands, wanting to gift their wife with a gun, should take it to a gun shop to run the “mother may I?” check and hold it for the requisite time, to be picked up by his wife? Same thing with sons, daughters, uncles, aunts, cousins?

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16. 

    scenes

    04 May 2023

    “Biggest story no one is talking about.”
    To be fair, I’ve been watching that play out in MSM for a day or two, although (as usual) it popped first in places like 4chan.
    https://www.newsweek.com/joe-biden-bribery-allegations-explained-what-we-know-what-we-dont-1798224
    https://www.cnn.com/2023/05/03/politics/james-comer-chuck-grassley-fbi-documents/index.html
    I’m just assuming that a)the Bidens are dirty as all get-out, but always have been and b)nothing will happen since he is still protected by the Big Machine. Expect the ‘conspiracy theory’ phrase or some invented Trump hullaballoo to fire up as damage control of course.
    Now, the moment that they’ve gotten someone as malleable as Biden that can actually win an election, Katy bar the door. Team Blue has the problem that essentially none of their mainstream talking heads have an ounce of charisma. Maybe Don Lemon can take up the mantle.

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17. 

    scenes

    04 May 2023

    “80% of Fox viewers support gun control regulations.”
    I’m never even sure what that means.
    Maybe they are saying that you need NFA paperwork to own an M134.
    https://www.youtube.com/watch?v=vfRpiem7yps
    (jeesh, imagine the money feeding into that thing.)

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18. 

    Scott O

    04 May 2023

    Serial Liar – “Scott still continues to promote disinformation and lies about gun control.”
    Hilarious – is posting absurd BS all you are capable of? It sure is odd that you can never demonstrate a single fact to back your inane accusations.
    “80% of Fox viewers support gun control regulations.”
    That’s a nothing statement – that can simply mean 80% support the regs already on the books and 20% don’t support all or some of them.
    Now then – if you want to talk about gun control, there’s that FTR form 1140 sec B, sub sec 21G. And we all know that a certain drug addict son of a certain president made a “mistake” there when he filled it out. I’m sure that being the smartest man Biden knows doesn’t preclude Hunter from having a bad day and just inadvertently overlooking that check box. Black males go to prison for making that oopsie. But we’re not worried about Hunter going off to the Gray Bar Hotel.
    So – come back again soon, Liar, and keep the jokes coming. You are an amusing little whine.

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19. 

    Scott O

    04 May 2023

    BT 10:49 – Funny about the timing of these “whistle blowers”. It could be they wanted to see if the Rs in the House could be trusted, or it could be that Joe (Jill, actually) has decided to run again. I’m sure that Garland is trying to figure out what piddly charge he can come up with to hit the Biden family with so he can do his “no one is above the law” routine and then have it all pled down to a very minor misdemeanor and then they all go to the seashore.

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20. 

    Don Bessee

    04 May 2023

    I am sure the pakis are so grateful –
    https://www.breitbart.com/asia/2023/05/03/u-s-state-department-offers-funds-to-teach-english-to-transgender-youth-in-pakistan/
    😉

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21. 

    scenes

    04 May 2023

    lol. You know, there’s just no point in pretending that I live in the same country with Team Blue.
    “A final version of the resolution that was passed states that “CEA believes that capitalism requires exploitation of children, public schools, land, labor, and/or resources. Capitalism is in opposition to fully addressing systemic racism (the school to prison pipeline), climate change, patriarchy, (gender and LGBTQ disparities), education inequality, and income inequality.
    However, a screenshot captures an earlier draft of the resolution that included a call to replace capitalism with a “new equitable economic system.” ”
    https://www.foxnews.com/media/colorado-teachers-union-passes-resolution-declaring-capitalism-inherently-exploits-children-public-schools
    Why any sane person would send their kids to a public school, given any choice at all, is beyond me. Soon enough, it’ll become a matter of an equitable split of the country’s resources vs. something kinetic.

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22. 

    Don Bessee

    04 May 2023

    Chuckie gets caught lying again –
    Schumer roasted for saying ‘nobody is taking away your gas stove’ just months before NY banned gas stoves
    https://currently.att.yahoo.com/news/schumer-roasted-saying-nobody-taking-193048258.html
    😉

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23. 

    Bill Tozer

    04 May 2023

    scenes and Scott re “Biggest story no one is talking about.”
    No one will go to jail. No one. No one will be held accountable.
    Other big stories no one is taking about is the 51 former Intel guys lying to help Biden win an election.
    The Biggest Environmental Disaster No One Is Talking about is the US blew up the Nordstream Pipeline, populating of our NATO Allies in Europe.

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24. 

    Scott O

    04 May 2023

    How does the Babylon Bee stay in business…
    “Kamala Harris Named ‘AI Czar’ to Save Us from Artificial Intelligence”
    https://www.breitbart.com/tech/2023/05/04/kamala-harris-named-ai-czar-to-save-us-from-artificial-intelligence/

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25. 

    Don Bessee

    04 May 2023

    The rat flees before the trap snaps shut –
    An embattled George Soros-bankrolled prosecutor in St. Louis resigned Thursday amid a legal effort by Missouri’s attorney general to fire her for allegedly neglecting her duties.
    St. Louis Circuit Attorney Kimberly Gardner, the city’s top prosecutor, is stepping down following repeated, bipartisan calls for her resignation from officials across Missouri.
    https://www.foxnews.com/politics/soros-backed-prosecutor-mired-scandal-resigns-office
    😉

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26. 

    scenes

    04 May 2023

    re: Scotto@3:39PM
    That’s genius. She’s perfect for the job.
    https://www.whitehouse.gov/ostp/news-updates/2023/05/04/fact-sheet-biden-harris-administration-announces-new-actions-to-promote-responsible-ai-innovation-that-protects-americans-rights-and-safety/
    It’s a business that needs lots and lots of new rules written by wise men. What we’ll do is have the large company players show up, beg for some regulations that let them keep their competitive advantage, maybe a few donations for the upcoming elections (just a taste, mind you). With a steel-trap mind like Harris, it should all work out fine.

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27. 

    Gregory

    04 May 2023

    One less biology student on the loose in Davis.

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28. 

    Scott O

    04 May 2023

    scenes 4:07 – From the news release by the WH:
    “Vice President Harris and senior Administration officials will meet today with CEOs of four American companies at the forefront of AI innovation—Alphabet, Anthropic, Microsoft, and OpenAI…”
    Yeah, those 4 have our best interests at heart. Can they be any more blatant about creating a monopoly and colluding with the fed govt?
    I’d pay good money to hear Harris’s opening remarks.

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29. 

    Don Bessee

    04 May 2023

    Another example of the wokesters who run the WH and tell creepy grampa joe what to do are suffering a fatal case of self-talk –
    The Washington Post’s Jeff Stein reports that the White House has been surprised that business groups and budget hawks that it thought would be in its corner in this fight are instead siding with Republicans.
    Stein cites a range of groups, from the Business Roundtable and Chamber of Commerce to the Bipartisan Policy Center and the Committee for a Responsible Federal Budget, all of which have come out in favor of negotiations between the administration and House Republicans. None have pushed for the clean debt limit increase that Biden is seeking.
    “Rather than join Biden in urging the GOP to simply raise the borrowing limit — as many administration officials had hoped — these groups have called for bipartisan budget negotiations, implicitly endorsing McCarthy’s position and rejecting Biden’s opposition to talks” about the debt limit, Stein writes.
    He adds that administration officials were “stunned” by a statement from the Committee for a Responsible Federal Budget calling the House Republican debt limit bill a “realistic and extremely welcome first step.” Biden officials reportedly saw that as encouraging further brinkmanship over the debt limit. “We were livid,” one told the Post.
    We should add here that much of the media is taking a similar approach to those outside groups. We’ve noticed television news anchors and reporters asking Democrats why they don’t just try to find a middle ground with Republicans, questioning whether Biden’s position is sustainable or asserting outright that it isn’t.
    https://currently.att.yahoo.com/finance/news/white-house-surprised-lack-support-225621574.html
    😉

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30. 

    Scott O

    04 May 2023

    Here’s a fun read:
    “The Biden administration wants to impose a 30 percent tax on the electricity used by cryptocurrency mining operations…”
    Because –
    “It explained that it wants to tax cryptomining firms, because they aren’t paying for the “full cost they impose on others,” which include environmental pollution and high energy prices.”
    Worse –
    “…and the pollution it generates “falls disproportionately on low-income neighborhoods and communities of color.”
    So – using electricity harms the environment. And POCs.
    And these same people want our society to vastly increase our use of electricity.
    To save the planet.
    OK
    https://finance.yahoo.com/news/white-house-proposes-30-percent-tax-on-electricity-used-for-crypto-mining-090342986.html

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31. 

    scenes

    05 May 2023

    re: Scotto@8:17PM
    Hang on, I thought that solar was the cheapest power.
    Having said that, a quick google shows quite a few co-located solar/mining farms. Dunno how the people running the Biden administration will deal with that, although there must be a way to work POC and men-in-dresses into some kind of solar tax.
    It’s all a natural side effect of increased centralization of control of the economy. A great big scramble for grift and status, meeting rooms full of people with ‘good ideas’, directing money to FOB (friends of Biden) and away from your class enemies. The Road to Hell is papered with PowerPoint charts.
    It’s worth considering how single-sourcing energy sources and distribution to a few quasi-government organizations, one big gubmint grid, furthers the cause of control. Add that to central banking and an upcoming digital money, government-issued mortgages, goverment-controlled credit, and the trap is complete. Maybe de-electrifying will become a thing like de-banking is.

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32. 

    scenes

    05 May 2023

    ..brilliant idea.
    Given that the Great State of California is going to force everyone to use electric furnaces and hot water heaters, why not design one or the other so they also serve as a crypto engine.
    I like the idea of a Bitcoin Water Heater. A bunch of NVIDIA gpus with a water jacket, doing God’s work mining cryptocurrency, grinding through AI problems. GPT-5 can run on a network of home appliances who use it’s waste heat.

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33. 

    Misanthrope

    05 May 2023

    Before crypto there was the idea that cannabis should only be grown indoors under lights.
    Good thing modular nuke reactors are on the horizon.
    I imagine these are somewhat similar to those found on some naval vessels.
    https://www.popularmechanics.com/science/energy/a40787934/nuscale-small-modular-reactor-design-approved/?psafe_param=1&utm_source=google&utm_medium=cpc&utm_campaign=arb_ga_pop_md_pmx_us_urlx_18210260609&gclid=Cj0KCQjw0tKiBhC6ARIsAAOXutkOqDJtJPUjoWV-B_iXcEqTAsmfDqe5yNC9hwfcKE5hbD0wBudn6eQaAiyjEALw_wcB

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34. 

    Scott O

    05 May 2023

    scenes – Yes. Your bit-miner identifies as a water heater! Sounds ‘progressive’.
    I’m still working out how the electrons from a crypto-mine know how to go after the poor and POCs. But the ones from the Walmart car charging station do only the Lord’s work.
    I suppose it’s like the exhaust from Kerry’s and Gore’s private jets clean the air, while your weed eater after just 15 minutes have caused most all of the black kids 500 hundred miles away to have asthma.

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35. 

    scenes

    05 May 2023

    “I imagine these are somewhat similar to those found on some naval vessels.”
    I expect there are as many engineering differences as similarities between land-based and something stuffed into a ship/boat, but there does appear to be some announcements recently in the 50-200MW range. Maybe the NR-1 had some alien technology.
    Just imagine the political hoo-haw though. Scads of well-meaning people with signs outside your construction fence. Drag queens hollerin’ slogans for POC in one great big fandango of fun.

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36. 

    Scott O

    05 May 2023

    lil missy 7:52 – “Good thing modular nuke reactors are on the horizon.”
    Ah, yes. Neighborhood nukes. Coming soon to absolutely nowhere near anyone who plans to site them. Naval vessels usually are found in a gigantic cooling pond called ‘the ocean’. Remember all the brown lawns in CA just months ago?
    Let’s be honest here. The govt is mandating electrical demand long before the power companies have the delivery capacity. Say – how’s that solar powered choo choo train the lefty morons promised years ago coming along?

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37. 

    fish

    05 May 2023

    The Fresno Bee editorial board is every bit as stupid as the Sac Bee editorial board…!
    

    Speaker McCarthy, don’t take America to the brink of default. Stop the posturing, raise the debt ceiling, then have the honest budget debate the nation needs.

    They are right about the posturing though….McCarthy is no more interested in resolving the debt issue than Schumer!
    Read more at: https://www.fresnobee.com/opinion/editorials/article275036501.html#storylink=cpy

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38. 

    fish

    05 May 2023

    JOB GROWTH SMASHES EXPECTATIONS…
    
    If you believe this you’re not just regular stupid ….you’re industrial grade Punchy™ brand (ask for it by name!) stupid !
    https://www.cnbc.com/2023/05/05/jobs-report-april-2023-job-growth-totals-25300-in-april.html
    Good picture of the Brainstem in Chief looking like an extra from The Walking Dead at Drudgereport though!

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39. 

    Bill Tozer

    05 May 2023

    ‘Young men at highest risk of schizophrenia linked with cannabis use disorder’
    “Researchers found strong evidence of an association between cannabis use disorder and schizophrenia among men and women, though the association was much stronger among young men. Using statistical models, the study authors estimated that as many as 30% of cases of schizophrenia among men aged 21-30 might have been prevented by averting cannabis use disorder.”
    https://www.nih.gov/news-events/news-releases/young-men-highest-risk-schizophrenia-linked-cannabis-use-disorder

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40. 

    Scott O

    05 May 2023

    fish 9:03 – Ah, yes – the great debt ceiling panic. “Taking America to the brink of default”!!!
    Expect this non-event to go completely overboard with hysteria and melodramatics.
    I do love how they want the Rs to just cave and THEN the Dems pinky-promise to have a ‘debate’.
    Well – they have rolled them before…

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41. 

    scenes

    05 May 2023

    “the honest budget debate the nation needs.”
    roflmao
    The ‘debate’ will be between a small handful of Congressfolk who are stridently anti-gubmint spending vs. everyone else. It’s an incantation before you simply throw some more numbers into the accounts.
    https://imageio.forbes.com/blogs-images/joshbarro/files/2012/04/spending-GDP-chart1-1024×697.jpg
    I mean, who’ll pay for the Department of Education, the F-35, and the Michelle Obama Trail if we don’t keep on borrowing? Not to mention defacto control of government over industry via regulation.
    It was always bound to happen, probably starting in the 1930’s. The government budgets are simply applying a number to zombies fighting over a carcass. The trick is to get your money while it’s still worth something. Any collapse will be quick and unexpected, until after the fact.
    I can see a trend as well as anyone, but what I’d like to see is some metrics showing the overall spending in things-that-are-useless. Economic overhead, banking/insurance/finance, surveillance capitalism (we’ll all get rich on that one!!) and the rest are simply cruft in the system.

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42. 

    scenes

    05 May 2023

    moi@9:46AM
    federal debt to public as percent of GDP (per CBO)
    https://www.cbo.gov/sites/default/files/styles/800/public/2020-09/56516-home-debt.png?itok=eIO1LzfM
    A genuine question to the multitudes of readers.
    How do you sell bonds at that point? How did the Japanese pull it off? Just keep bumping up the interest rate as needed? or something trickier?

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43. 

    fish

    05 May 2023

    Posted by: scenes | 05 May 2023 at 09:55 AM
    How do you sell bonds at that point? How did the Japanese pull it off? Just keep bumping up the interest rate as needed? or something trickier?
    Well…..if you believe progressive political scientists, We owe it to ourselves…..! I guess if I hold treasuries I could just write myself a check!
    How did the Japanese pull it off? They didn’t! Their efficiency and ….for a long time work ethic….allowed them to defer consequences much longer than anyone expected! They’re as fucked as we are and expecting a collapse in population of around 20 million before 2050. From 125M to around 100M…..the entire island is going to be a laboratory for geriatric science?
    There’s always something trickier! What that is….I have no idea….not being a progressive! They’ll find a way to steal you blind during the slow collapse….they always do! Think of it as a psul Emery Dirty Hippy Dine and Dash writ country sized!

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44. 

    fish

    05 May 2023

    “2023-05-04 07:00 by Karl Denninger
    Oh Countrywide, Is That Your Ghost?
    [Comments enabled]
    Bear Stearns is not the banking system — it is contained.
    Subprime is contained.
    “We’re gonna OWN subprime lending — Mozilo”
    
    Uh huh.
    Who remembers me over on the Countrywide Yahoo finance forums back in 2007 before it all blew — when I was shorting into price ramps on that stock because from where I sat they were a zero. They were a zero. It was a nice trade.
    Who remembers me calling out WaMu in early 2007 when they were paying dividends with money they didn’t have, and regulators did nothing? That article is still here, if you look for it. They were also a zero.
    But First Republic is isolated, just like SVB. Uh huh. Sure it is.
    How’s PacWest doing?
    Oh, not so good. Let’s see…oh, looks sort of like an impending zero.
    But wait — First Republic was it, right?
    Sure it was.
    There’s no real problem here, right? The TNX was down a full percent yesterday because….. the Fed will save it all, right?
    No they won’t.
    Not because they don’t want to.
    They can’t this time.
    Oh, you think not eh? How’s your homeowner’s insurance premium? Your car insurance? Your food bill? You know, all that stuff you have to buy? Yeah, you’re reading this and you’re probably middle class or better. You’re doing mostly ok. You’re on the right side of the bell curve, right?
    Half the people are on the left, and they’re not ok. For them that 20% increase means they are taking payday loans to buy food, effectively and sometimes literally.
    That ends the game folks.
    If The Fed tries it we get government and social collapse.
    The ramp in asset prices can’t just stop: It has to come back out. All of it. And yes, that will mean lots of firms — and people — blow up.
    This is not fixable with any sort of deposit guarantee. That’s not the problem. The problem is that the banks loaned out a lot of money at 2% and thus can’t pay 4% or so or they will go broke. But other, equally safe or more-so investments do pay that 4-5%; for example, a government money-market fund that has daily liquidity equal to that of a bank and only holds US Treasuries.
    Having made those loans at uneconomic rates in the first place there isn’t anything they can do about it now. As was the case in 2006-2007 and which I pointed out in Leverage losses are made when bad loans are originated; they are often not recognized at that time but the loss has been incurred. What’s left to argue over is who is going to eat it, and unlike the 2008 blow-up trying to force the general public to eat it will not work because they are already under the inflationary pressure from the BS run during the pandemic that led to the problem and trying to force the rest of it on the public will cause enough of them to starve that a revolt is quite likely.”
    https://market-ticker.org/akcs-www?post=248710

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45. 

    Bill Tozer

    05 May 2023

    VICTOR DAVIS HANSON: The New Ugly Americans
    https://dailycaller.com/2023/05/04/victor-davis-hanson-the-new-ugly-americans/

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46. 

    Bill Tozer

    05 May 2023

    fish @ 10:34 am
    I remember when the gossip from the realtors was that Countrywide would never go under. “As Countrywide goes, there goes the nation,” was the standard quote at the time before things began to unravel.
    When Biden proposed penalizing potential home buyers with good credit to subsidize folks with crap credit in the mortgage industry, I thought of Countrywide and Freddie and bundled mortgages sold to pension funds and suckers worldwide.
    Gotta tear apart the safety net to have mass revolution in the streets to burn it all down. Then, from the ashes arises the fundamental change of America as we know it. Beyond 1984.

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47. 

    Scott O

    05 May 2023

    fish 10:34 – “The ramp in asset prices can’t just stop: It has to come back out. All of it. And yes, that will mean lots of firms — and people — blow up.”
    Too true and it isn’t just asset prices. People expect to be paid not according to their actual economic worth, but some inflated “social justice” amount.
    Of course, actions like this will save the day:
    “New Fed Bank Backstop Has Scope to Inject as Much as $2 Trillion”
    Love the term “inject”. Just like a junkie that solves the addiction problem by finding more dope to inject.
    https://www.bloomberg.com/news/articles/2023-03-16/jpmorgan-says-fed-s-loans-will-provide-2-trillion-of-liquidity?leadSource=uverify%20wall

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48. 

    scenes

    05 May 2023

    re: The Scenes from the Apocalypse Bit Mining Hot Water Heater Company.
    Another product occurs to me.
    given:
    https://www.pcgamer.com/so-youre-telling-me-that-us-crypto-mining-used-more-power-last-year-than-all-the-computers/
    some smart person needs to tie together AI training with crypto currency. Some sort of proof-of-work concept that produces both a form of digital money and does GPU/TPU training for machine learning.
    This will give us Microsoft Tay 2 more quickly while allowing a person to buy a Big Mac in Lagos using AI-coin.

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49. 

    scenes

    05 May 2023

    just wanted to repeat Sr. fish’s quote:

    “This is not fixable with any sort of deposit guarantee. That’s not the problem. The problem is that the banks loaned out a lot of money at 2% and thus can’t pay 4% or so or they will go broke. But other, equally safe or more-so investments do pay that 4-5%; for example, a government money-market fund that has daily liquidity equal to that of a bank and only holds US Treasuries.”

    btw: looked up Japanese .gov debt. It’s 70% owned by the Bank of Japan, which is mostly owned by the government (100% of voting shares). Plus they are the largest owner of Japanese stocks.
    There’s yer answer, and a tidy one it is.

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50. 

    scenes

    05 May 2023

    just one of those things that reminds you that there’s a war on.
    https://www.thestar.com/news/canada/2023/05/05/fox-news-could-be-banned-from-canadian-tv-as-crtc-considers-allegations-network-promotes-hatred-and-violence.html

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