Theme: Crisis

  • RE: “FDIC financing $50 billion to JP Morgan.” The problem is the float. The flo

    RE: “FDIC financing $50 billion to JP Morgan.”

    The problem is the float. The float of the bank they’re taking over is gone – that’s the reason for their seizure. So for solving the problem for the government of keeping the bank alive, and preventing the need for the FDIC to payout on guarantees on the 250k limit (minimum but really all of it) while STILL having the bank fail, the FDIC instead, loaned JPM 50B so it would have the float (cash flow) to handle the seized biz, and to tolerate additional runs on that seized bank.

    In other words, this was a good deal for everyone. Especially when it’s the fed that by inflation caused the bonds to be valueless and drove these banks under.

    There are plenty of reasons to blame the industry for 2008. And yes, there is some blame here for failing to predict the increase in interest rates and the decline in value of bonds. But as far as I can see the system is working FAR better than in 83 or 08. And I’m kind of impressed really. (Tho it will continue to get worse over the next couple of years.)

    Reply addressees: @toodarkmark


    Source date (UTC): 2023-05-01 18:01:45 UTC

    Original post: https://twitter.com/i/web/status/1653097388905472001

    Replying to: https://twitter.com/i/web/status/1653001447250821126

  • “Of all the horses on the way to the glue factory America comes out of the deglo

    –“Of all the horses on the way to the glue factory America comes out of the deglobalization crisis the best, just as we did from the world wars.”— Dr Brad


    Source date (UTC): 2023-04-30 15:51:22 UTC

    Original post: https://twitter.com/i/web/status/1652702190002225154

  • RT @girdley: I considered moving out of the USA. After some research, I realized

    RT @girdley: I considered moving out of the USA.

    After some research, I realized leaving is stupid.

    There is no chance the USA will stop…


    Source date (UTC): 2023-04-29 18:03:07 UTC

    Original post: https://twitter.com/i/web/status/1652372957849702400

  • PATRICK THOROUGHLY ANSWERS THE DE-DOLLARIZATION QUESTION (TLDR: not likely)

    PATRICK THOROUGHLY ANSWERS THE DE-DOLLARIZATION QUESTION
    (TLDR: not likely)
    https://www.youtube.com/watch?v=JHZnVdBZJfA


    Source date (UTC): 2023-04-29 14:44:22 UTC

    Original post: https://twitter.com/i/web/status/1652322941151969280

  • One of the better amature attempts I’ve seen. Does avoid any nonsense claims or

    One of the better amature attempts I’ve seen. Does avoid any nonsense claims or magical thinking (very nice), doesn’t solve the central problems of modernity (lying), but does create a decent government for managing a small homogeneous polity. So in that sense ‘well done’.

    What I’d suggest for your further thought, is you try to address the tendency of religions, cults including philosophical and pseudoscientific cults, academics, and politicians, to sell false and impossible promises that the physical behavioral and evolutionary laws of nature are avoidable or escapable, and the tendency of the unfit to demand redistributions, and the tendency of women to avoid all possible responsibility for self or commons and to vote for them.

    The only reason to have the crisis of the present – and every major crisis since the 1890s, is the sale of false and impossible promises, and the introgression of non-europeans, then our working classes , and then women, into the polity. Because theyu’re the groups that vote for irresponsibility. And what you’ve proposed is a contractual government for those who are willing to act responsibly – without excluding the ability to sell false promises (frauds), and/or excluding those who demonstrate evasion of those responsibilities, and/or those who would vote for those irresponsibilities. πŸ˜‰

    All in all well done. (I assume you’re under 30, and likely under 25, and so that’s pretty good work for the present day). πŸ˜‰

    Reply addressees: @NoahsArkology


    Source date (UTC): 2023-04-26 23:22:42 UTC

    Original post: https://twitter.com/i/web/status/1651366218782195714

    Replying to: https://twitter.com/i/web/status/1651361621610995713

  • One of the better amature attempts I’ve seen. Does avoid any nonsense claims or

    One of the better amature attempts I’ve seen. Does avoid any nonsense claims or magical thinking (very nice), doesn’t solve the central problems of modernity (lying), but does create a decent government for managing a small homogeneous polity. So in that sense ‘well done’.

    What I’d suggest for your further thought, is you try to address the tendency of religions, cults including philosophical and pseudoscientific cults, academics, and politicians, to sell false and impossible promises that the physical behavioral and evolutionary laws of nature are avoidable or escapable, and the tendency of the unfit to demand redistributions, and the tendency of women to avoid all possible responsibility for self or commons and to vote for them.

    The only reason to have the crisis of the present – and every major crisis since the 1890s, is the sale of false and impossible promises, and the introgression of non-europeans, then our working classes , and then women, into the polity. Because theyu’re the groups that vote for irresponsibility. And what you’ve proposed is a contractual government for those who are willing to act responsibly – without excluding the ability to sell false promises (frauds), and/or excluding those who demonstrate evasion of those responsibilities, and/or those who would vote for those irresponsibilities. πŸ˜‰

    All in all well done. (I assume you’re under 30, and likely under 25, and so that’s pretty good work for the present day). πŸ˜‰


    Source date (UTC): 2023-04-26 23:22:42 UTC

    Original post: https://twitter.com/i/web/status/1651366218958352384

    Replying to: https://twitter.com/i/web/status/1651361621610995713

  • PRIMITIVIZATION OF AMERICAN CITIES

    PRIMITIVIZATION OF AMERICAN CITIES https://t.co/tuyHMPwK2G


    Source date (UTC): 2023-04-26 19:10:29 UTC

    Original post: https://twitter.com/i/web/status/1651302746492895239

  • I have a longer time horizon. Variation is noise as innovation propagates thru t

    I have a longer time horizon. Variation is noise as innovation propagates thru the civ, exploits and exausts opportunties, fails, and we adapt accordingly to the new equilibrium. We have added the working class, jews, blacks and women to the polity, and are experiencing the shock of introgression women (votes) and jews (intellectuals) and africans and hispanics (votes) into a western, germanic, civilization that maximizes individual responsibility, while each of those minorities seeks to evade responsibiity – using jews as their thougth leaders and women as their advocates. And we haven’t learned yet how to outlaw this anti-social anti-political devolutionary behavior as we have learned to suppress the malincentives of men.

    Reply addressees: @SoulSentinel89 @fucktheNSA1979


    Source date (UTC): 2023-04-23 20:12:58 UTC

    Original post: https://twitter.com/i/web/status/1650231308537196545

    Replying to: https://twitter.com/i/web/status/1650229512175767552

  • I have a longer time horizon. Variation is noise as innovation propagates thru t

    I have a longer time horizon. Variation is noise as innovation propagates thru the civ, exploits and exausts opportunties, fails, and we adapt accordingly to the new equilibrium. We have added the working class, jews, blacks and women to the polity, and are experiencing the shock of introgression women (votes) and jews (intellectuals) and africans and hispanics (votes) into a western, germanic, civilization that maximizes individual responsibility, while each of those minorities seeks to evade responsibiity – using jews as their thougth leaders and women as their advocates. And we haven’t learned yet how to outlaw this anti-social anti-political devolutionary behavior as we have learned to suppress the malincentives of men.


    Source date (UTC): 2023-04-23 20:12:58 UTC

    Original post: https://twitter.com/i/web/status/1650231308625297410

    Replying to: https://twitter.com/i/web/status/1650229512175767552

  • RT @ThruTheHayes: ESCALATE Y’all failed for 4 years. Step-it up; you’re down in

    RT @ThruTheHayes: ESCALATE

    Y’all failed for 4 years. Step-it up; you’re down in the game & the final buzzer grows near.

    Communism & all i…


    Source date (UTC): 2023-04-23 19:57:28 UTC

    Original post: https://twitter.com/i/web/status/1650227410015592448