IRC Driven

[00:14:19] tr [S] <+phish> sad day

[01:04:28] tr [T] <login> How can an animal be rude?

[01:05:42] tr [T] <login> but it's horror

[01:29:57] tr [S] <+phish> yes

[02:06:00] tr [S] <+phish> no this is patrick

[02:08:22] tr [S] <+phish> https://i.redd.it/1dqcz78p9i0b1.jpg

[02:11:33] tr [S] <+phish> https://i.redd.it/it-cant-get-better-than-this-v0-j2rvq599t70b1.jpg?s=7af192a65d8e44470688d66e3406b8d4cf10614e

[03:11:21] tr [S] <+phish> fresh albacore sucks

[03:11:27] tr [S] <+phish> fresh ahi blackened is amazing

[03:17:17] tr [S] <+phish> peas are foreign and have no place in foodstuff

[03:17:43] tr [S] <+phish> elote?

[03:18:08] tr [S] <+phish> you're a terrible person

[03:20:25] tr [S] <+phish> i still haven't tried making the frozen banana ice cream

[03:20:35] tr [S] <+phish> on the list for sure but i don't buy bananas

[03:22:36] tr [S] <+phish> watched a lot of cheesemaking videos but i have too many hobbies already

[03:26:25] tr [S] <+phish> no pic no proof

[03:57:01] tr [S] <+phish> when i was in puerto rico they had ones that wrapped around your ankles and bit you and it felt similar to being stabbed with a flaming knife

[03:57:14] tr [S] <+phish> big ol fuckers

[03:59:45] tr [S] <+phish> diatamaceous earth

[04:00:08] tr [S] <+phish> oh i didn't see the link

[04:15:31] tr [T] <login> so what did they find?

[04:18:20] tr [T] <login> was that a motorbike?

[04:18:44] tr [T] <login> how does a bicycle have a pedal break?

[04:18:46] tr [T] <login> *brake

[04:19:33] tr [T] <login> so just locking the pedals is enough to brake?

[04:21:21] tr [T] <login> i'm glad you're sharing this experience with us, for us to keep in mind in our own travle

[04:21:24] tr [T] <login> *travels

[04:22:28] tr [T] <login> how did they know it was your bike?

[04:22:40] tr [T] <login> oh, that's good, that's how

[04:23:28] tr [T] <login> good on them for contacting police about a stolen bike

[04:24:46] tr [T] <login> cycling under the influence

[04:25:42] tr [T] <login> someone's cycling joy ride

[04:26:35] tr [T] <login> so many risks in the world

[04:29:00] tr [T] <login> a different kind of influence

[05:18:39] tr [T] <login> (anime) been enjoying this other watch through of death note even more than the other one - You're tearing me apart Lisa

[05:18:46] tr [T] <login> oops - https://www.youtube.com/watch?v=lGbUzKSdbMM&list=PL5uLW9wy5lLTq-mzhglxXMiIowNjgZ4Am&index=17

[05:19:40] tr [T] <login> police and crime-solving is one of those things the police should do better at, because nobody else can do that for them - some states do have private prosecution in financial crimes

[05:22:30] tr [T] <login> Squid Game was pretty good too - just for the world-building

[06:06:01] tr [T] <login> i.e., periwinkles

[06:06:44] tr [T] <login> balderdash?

[06:07:04] tr [T] <login> How are the top users measured/

[06:26:16] tr [T] <login> well, what is the unit of measurement?

[06:26:19] tr [T] <login> mm?

[06:28:06] tr [T] <login> or units of 0.1 mm?

[06:28:19] tr [T] <login> i.e.. 5.88 cm?

[06:32:10] tr [T] <login> but decimalisation was good

[06:32:21] tr [T] <login> imperial -> british empire

[06:32:35] tr [T] <login> the feminisation of the world is well underway anyway, MatCat

[06:33:06] tr [T] <login> from the book: the better angels of our nature

[06:34:01] tr [T] <login> nowhere is the reduction in violence that that book tries to explain better demonstrated than in asia

[06:34:14] tr [T] <login> (per 1000 people)

[06:35:16] tr [T] <login> I might be wrong: https://wisevoter.com/country-rankings/most-violent-countries/

[06:35:38] tr [T] <login> It's densely populated areas in small well-to-do countries

[06:36:21] tr [T] <login> i thought it was honduras

[06:36:49] tr [T] <login> it seems honduras is no. 2

[06:36:55] tr [T] <login> 1. is jamaica

[06:37:05] tr [T] <login> and good ol' mexico is no. 4

[06:37:27] tr [T] <login> it might have gone down after gun laws were relaxed there in 2019

[06:38:02] tr [T] <login> the robbers don't want to play russian roulette

[06:38:42] tr [T] <login> btw, this story might interest you: https://qntm.org/responsibilit

[06:49:01] tr [T] <login> It was just called 'Responsibility' before

[06:54:36] tr [T] <login> can he hear you?

[06:55:01] tr [T] <login> snakes don't have ears though

[06:56:13] tr [T] <login> i thought the inner ear was for balance

[06:56:53] tr [T] <login> just through air vibrations moving the snake's skin?

[06:56:58] tr [T] <login> *scales

[07:07:38] tr [T] <login> i can put ear plugs in too

[07:07:40] tr [T] <login> same effect

[07:07:59] tr [T] <login> it's impossible to know exactly what snakes sense though

[07:08:10] tr [T] <login> (well, for one meaning of 'know')

[07:12:32] tr [T] <login> maybe physically

[07:12:42] tr [T] <login> probably mentally too

[07:13:04] tr [T] <login> but he failed strategically, in developing russia into a legitimately attractive economy to integrate with

[07:13:23] tr [T] <login> have you seen litecoin btw? it's just been going up in a straight line

[07:13:52] tr [T] <login> I thought it was because ukraine was so close to russia

[07:14:10] tr [T] <login> It would be like Mexico agreeing to do join military exercises

[07:14:15] tr [T] <login> *joint

[07:14:37] tr [T] <login> Or the full southern americas joining Russia in a military union

[07:15:20] tr [T] <login> Only way Putin saw without having to trust Ukraine, Europe and America from keeping their promises was to take Ukraine's sovereignity away

[07:15:32] tr [T] <login> evil is banal - that is the biggest realisation

[07:15:44] tr [T] <login> the US has done plenty of evil things too, in faraway lands

[07:15:54] tr [T] <login> And so has france

[07:15:59] tr [T] <login> and china too

[07:16:18] tr [T] <login> A different kind of sanity

[07:17:10] tr [T] <login> I thought being a bit crazy kept others from testing your boundaries

[07:17:38] tr [T] <login> This also puts Trump's Ukraine phone call in a new light

[07:17:54] tr [T] <login> "expose dirt on Joe Biden, or we won't help you in militarily"

[07:18:07] tr [T] <login> *help you in a hypothetical war militarily"

[07:18:34] tr [T] <login> Letting one's enemies think one is crazy or has no limits actually makes one sane

[07:18:59] tr [T] <login> ^ correct

[07:19:06] tr [T] <login> Trump even said Putin discussed it with him many times

[07:19:18] tr [T] <login> And Trump told him 'you can't take Ukraine', then berated NATO and talked about disbanding it

[07:19:23] tr [T] <login> and making the other countries pay more etc.

[07:19:32] tr [T] <login> Putin was satisfied seeing things progress that way

[07:20:04] tr [T] <login> He handled some aspects of foreign policy better than even Obama

[07:20:13] tr [T] <login> But dropped the ball on China

[07:20:40] tr [T] <login> Why?

[07:20:54] tr [T] <login> Well, that is true of every president including trump

[07:21:30] tr [T] <login> He has a different kind of charisma

[07:21:52] tr [T] <login> Couldn't have been prevented

[07:22:14] tr [T] <login> I did not know about that

[07:22:26] tr [T] <login> It would have hurt the US consumer too

[07:22:41] tr [T] <login> and they were just coming out of 2008

[07:23:02] tr [T] <login> That would have meant Obama wouldn't get re-elected in 2012

[07:23:31] tr [T] <login> At a point, it becomes untenable to artificially restrict progress to within the country

[07:23:51] tr [T] <login> It becomes more economically advantageous to the world to have it integrated

[07:24:22] tr [T] <login> relatively weaker, but overall the world gets richer

[07:24:50] tr [T] <login> the european consumer is

[07:25:11] tr [T] <login> but there are phones and software

[07:25:58] tr [T] <login> well, if europe and america had restricted innovation wthin their borders, there would be fewer things in the world to spend that credit on

[07:26:36] tr [T] <login> There is a thing though, in that capital goods are in China

[07:27:20] tr [T] <login> They have manufacturing capability now

[07:27:24] tr [T] <login> and their labour is more expensive

[07:27:36] tr [T] <login> Their software engineering is good too (re:tiktok)

[07:27:51] tr [T] <login> But their capital is not well-directed - lots of political interference and favouritism

[07:27:56] tr [T] <login> It's not as meritocratic as it could be

[07:28:11] tr [T] <login> They study very hard - their college entrance exam is much much harder

[07:28:36] tr [T] <login> The average quality is higher - don't know about their top 100 vs. other places' top 100

[07:29:16] tr [T] <login> More than just imagination, they're not willing to spend the capital on trying to actualise imagination

[07:31:56] tr [T] <login> huawei did well though

[07:32:17] tr [T] <login> even tsmc was able to make better chips than intel

[07:32:54] tr [T] <login> the only difference other than ethnicity is not being restricted economically by their government

[07:33:08] tr [T] <login> or by other governments

[07:33:26] tr [T] <login> and the biggest investment taiwanese had was in China - even TSMC had factories in China for older nodes

[07:33:49] tr [T] <login> Their 5G stuff was years ahead

[07:34:04] tr [T] <login> maybe it was just propaganda

[07:34:07] tr [T] <login> or cheaper

[07:34:45] tr [T] <login> Perhaps America does innovation better because of immigration and the willingness to risk capital

[07:35:06] tr [T] <login> But the 'everything is here' network advantage in terms of supply chains has all shifted to China

[07:35:53] tr [T] <login> perhaps at the edges, but america's homegrown average has gone down

[07:36:11] tr [T] <login> even elon musk was not american-educated (high school)

[07:36:53] tr [T] <login> One can imagine if China were the way it was today and had better immigration policies, an Elon Musk might have emigrated to China rather than America

[07:37:27] tr [T] <login> ^ meaning same number of rich people as america, but a larger blue-collar workforce

[07:37:37] tr [T] <login> rich/white-collar

[07:37:59] tr [T] <login> Cheaper operating costs

[07:38:13] tr [T] <login> Physical labour is the bottleneck in mass production

[07:38:57] tr [T] <login> The mistake in China is that their system is less meritocratic when it comes to directing capital

[07:39:26] tr [T] <login> Even Jack Ma called it out in 2020 in his infamous speech: he said "there is no systemic risk in China's financial system because China doesn't have a financial system"

[07:39:42] tr [T] <login> And that banks were like pawn shops

[07:40:32] tr [T] <login> if 1/3rd of Chinese live with the same American amenities - then it's as if there's an America in China

[07:40:48] tr [T] <login> their trains are much better too

[07:41:07] tr [T] <login> try their bullet trains

[07:41:27] tr [T] <login> They built Tesla's Shanghai factory in record time

[07:41:33] tr [T] <login> even Mexico said 'no, it'll take 2 years'

[07:42:06] tr [T] <login> Transportation is a bottleneck in america

[07:42:25] tr [T] <login> in poor communities, it is

[07:42:35] tr [T] <login> no credit = no car = no ability to go to work far away = no credit

[07:42:57] tr [T] <login> what percentage of Chinese own a vehicle?

[07:43:03] tr [T] <login> even if it's 33.3%, that's the same number of people as America

[07:43:25] tr [T] <login> Bullet trains for freight would be pretty useful

[07:44:11] tr [T] <login> Making in America is very hard because of a lot of regulation and nimbyism

[07:44:16] tr [T] <login> the permits are very difficult

[07:44:47] tr [T] <login> >

[07:44:48] tr [T] <login> China: car ownership among consumers 2019 | Statista

[07:44:50] tr [T] <login> Car ownership rate in China 2019

[07:44:52] tr [T] <login> According to the survey conducted by Rakuten Insight, about 71.4 percent of the Chinese respondents stated they owned a car.

[07:45:08] tr [T] <login> Well, California rail is one example

[07:45:48] tr [T] <login> China Number of Registered Vehicles was reported at 319,030,000 Unit in Dec 2022.

[07:46:08] tr [T] <login> vs. There were a total of 278,063,737 personal and commercial vehicles registered to drivers in the U.S. in 2021.

[07:46:28] tr [T] <login> 1.4 billion

[07:46:44] tr [T] <login> less than 50%

[07:46:52] tr [T] <login> shared cars ^

[07:47:20] tr [T] <login> The raw number of cars says China has more than the US

[07:47:32] tr [T] <login> Measured by length?

[07:47:47] tr [T] <login> Well, per-capita is always hard for bigger countries

[07:48:01] tr [T] <login> But the GDP is just absolutes

[07:48:18] tr [T] <login> The Chinese country has more brains than the US

[07:48:27] tr [T] <login> in literal number

[07:48:47] tr [T] <login> Yeah, the average individual in China might not be as well off

[07:48:59] tr [T] <login> So, if America were to become self-sustaining

[07:49:09] tr [T] <login> Would that mean everybody will drive their car to the factory?

[07:49:47] tr [T] <login> The ratios of car owners vs. non-owners, rich vs. not so rich, are all skewed - and can remain skewed, because the grunt work is done elsewhere

[07:50:12] tr [T] <login> If the end-to-end production needs to be in America, there will be more relative poverty in america than there is now

[07:50:45] tr [T] <login> They can fix that by letting the CNY float properly

[07:51:12] tr [T] <login> The skew is that it should be 30% in america too

[07:51:38] tr [T] <login> exactly because the factories are not in america

[07:52:14] tr [T] <login> America has a lot of railroad, and bullet-train freight would be a game changer

[07:52:25] tr [T] <login> even if America started using its rivers properly, it would be a gamechanger

[07:52:38] tr [T] <login> for freight it would be

[07:53:03] tr [T] <login> Why not?

[07:53:33] tr [T] <login> Yeah, that is true ^

[07:53:57] tr [T] <login> the last mile is the bottleneck right?

[07:54:36] tr [T] <login> What about for local suppliers?

[07:58:37] tr [T] <login> in China it would be a state-owned enterprise

[07:58:56] tr [T] <login> And there would be bullet trains between population centres like NY and SF

[07:59:08] tr [T] <login> or to Washington DC

[07:59:30] tr [T] <login> Yeah, they chose trains over interstate highways

[07:59:54] tr [T] <login> And most of the country is in the eastern half

[08:00:09] tr [T] <login> The converse could also be true

[08:00:20] tr [T] <login> most people are driving because there is a massive highway system

[08:00:37] tr [T] <login> Yeah, the trains are more rigid

[08:00:42] tr [T] <login> but there are enough of them

[08:01:20] tr [T] <login> Yeah, it just means the rail part of the journey get shorter

[08:01:38] tr [T] <login> Yeah, America's population is more distributed

[08:01:49] tr [T] <login> but still, California is very populated

[08:02:43] tr [T] <login> So there are megacities in California then

[08:03:15] tr [T] <login> Yeah, you live in what would be rural China

[08:03:35] tr [T] <login> lol

[08:04:05] tr [T] <login> You'd be surprised

[08:04:16] tr [T] <login> They camp in cities without chickens

[08:04:40] tr [T] <login> You should take a big China trip once

[08:04:45] tr [T] <login> Before it becomes disallowed

[08:05:07] tr [T] <login> Yeah, ^ i was going to mention that

[08:05:21] tr [T] <login> Yeah, that's correct. they got cancelled

[08:05:31] tr [T] <login> that's the one - the exact channel i was thinking of

[08:06:12] tr [T] <login> Hopefully America will get its act together and create a blue-collar immigration system too

[08:06:22] tr [T] <login> and remove all the lottery stuff and replace it with points

[08:06:50] tr [T] <login> Why not take in the best of what other countries' have done?

[08:07:14] tr [T] <login> Best way is to remove all the restrictions

[08:07:18] tr [T] <login> wages will be lower

[08:07:55] tr [T] <login> Many companies employ the illegals - and without them, job openings just stay open

[08:08:04] tr [T] <login> i.e., the market-clearing wage is below the minimum wage

[08:08:13] tr [T] <login> americans got options

[08:08:21] tr [T] <login> which is a good thing for the american worker

[08:08:40] tr [T] <login> but they have unemployment insurance

[08:09:03] tr [T] <login> how are they making their day-to-day then?

[08:09:53] tr [T] <login> So the benefits are loaned in effect?

[08:10:50] tr [T] <login> It depends on what the UI premiums are

[08:11:20] tr [T] <login> But they call it unemployment insurance, and one has to pay something (i assume called premiums) into it

[08:11:44] tr [T] <login> So, how are there so many out of work in America?

[08:11:53] tr [T] <login> Nobody wants to take them in at the minimum wage?

[08:14:16] tr [T] <login> So how come the parents are not using some of the funds for training?

[08:14:35] tr [T] <login> Training to get back into the workforce

[08:14:41] tr [T] <login> in a new capacity

[08:15:00] tr [T] <login> Does it not exist in America? The trades or whatever else?

[08:15:11] tr [T] <login> But that stuff hasn't been automated away either

[08:15:51] tr [T] <login> Everybody can't be white collar

[08:16:05] tr [T] <login> unless working to create AI robots that can automate the blue collar stuff

[08:16:24] tr [T] <login> no respect for the trades?

[08:16:47] tr [T] <login> White collar pays too much - for work that is not actually economically beneficial

[08:17:09] tr [T] <login> A liberal arts degree is for rich children who want enlightenment

[08:17:21] tr [T] <login> White collar in China pays lesser

[08:17:35] tr [T] <login> well, the children are better informed

[08:17:44] tr [T] <login> it's a 'classical' education right?

[08:17:50] tr [T] <login> so they don't read literature?

[08:18:08] tr [T] <login> The degree is not what the country needs

[08:18:22] tr [T] <login> The children are not basing their degree choices on what will help them pay their debt off fastest

[08:19:04] tr [T] <login> And universities are not basing the number of seats on what will give them a sureshot return on their investment

[08:19:28] tr [T] <login> But the universities don't take on the risk of repayment

[08:19:41] tr [T] <login> The debt is bought by the government/loan made by government

[08:19:48] tr [T] <login> the universities get cash

[08:20:08] tr [T] <login> Really? Who makes the loan then?

[08:20:28] tr [T] <login> the loans are non-dischargeable and gov-backed right?

[08:21:15] tr [T] <login> but there are federal student loans

[08:21:32] tr [T] <login> And you can't discharge it

[08:21:44] tr [T] <login> So it is a permanent tax on your future income

[08:21:55] tr [T] <login> Who owns the debt?

[08:22:01] tr [T] <login> The bank loses if you don't pay it?

[08:22:12] tr [T] <login> Why would a bank make such a loan for bad degrees?

[08:22:22] tr [T] <login> It's not due to student loans though

[08:22:45] tr [T] <login> there are federal student loans and private student loans

[08:23:47] tr [T] <login> So when the gov paused student loan repayments, why didn't it cause lots of problems for the owners of the debt?

[08:24:02] tr [T] <login> i read it was done

[08:24:24] tr [T] <login> https://www.usa.gov/covid-student-loan-help#:~:text=If%20you%20are%20repaying%20a,relief%20for%20federal%20student%20loans.

[08:24:59] tr [T] <login> Yeah, but you know what they say about special cases (like the temporary closing of the gold window)

[08:25:15] tr [T] <login> I thought it was because of Chinese lockdowns

[08:25:28] tr [T] <login> i.e., China exports less stuff to the US - inflation in the US skyrockets

[08:26:06] tr [T] <login> I think it started with less Chinese production

[08:26:30] tr [T] <login> I thought it was because the Chinese gov stopped people from working

[08:26:45] tr [T] <login> but demand didn't fall because of money printing

[08:27:07] tr [T] <login> Yes, inflation solves itself in that way

[08:27:44] tr [T] <login> If people are both not working and making less money

[08:27:54] tr [T] <login> Then there should be fewer things to sell and fewer people buying them

[08:28:14] tr [T] <login> So inflation should not happen then

[08:28:25] tr [T] <login> Or should stop happening

[08:28:41] tr [T] <login> Who got that money if people were making less money

[08:28:58] tr [T] <login> If it went to Ukraine etc., then it would be the defence companies and their employees earning it

[08:29:09] tr [T] <login> The PPP loans + forgiveness?

[08:29:20] tr [T] <login> yeah, that would be the closest thing to helicopter money

[08:29:51] tr [T] <login> imagine if the recipients had saved it all and used it very judiciously

[08:29:56] tr [T] <login> they'd be getting some good interest now

[08:30:49] tr [T] <login> stupid guy

[08:30:59] tr [T] <login> if he had bought some income-generating assets, he could have kept the income

[08:31:20] tr [T] <login> yeah, but at least it would be a productive use of the money

[08:31:51] tr [T] <login> They shouldn't have put the forgiveness clause back in

[08:32:14] tr [T] <login> The extra IRS agents are to catch these right?

[08:32:32] tr [T] <login> So, the money ended up with the mansion-seller, boat-seller and car-sellers

[08:33:14] tr [T] <login> So will they be closing the nursery down for fraud now?

[08:33:35] tr [T] <login> The government giveth, and now it's time to taketh away

[08:33:42] tr [T] <login> it treats the whole population as a blob

[08:34:26] tr [T] <login> They should have just paid for all deaths

[08:34:32] tr [T] <login> Would the nursery start poisoning its people?

[08:35:35] tr [T] <login> They mandated it that way

[08:35:43] tr [T] <login> nobody could go there even if your loved ones were dying

[08:36:12] tr [T] <login> They pretty-much ran a 'what if' of a pandemic different to the one we had

[08:36:32] tr [T] <login> i.e., what if covid were very infectious and deadly - let's treat it that way

[08:36:51] tr [T] <login> and now they aren't prepared for the next pandemic - no disease surveillance etc.

[08:37:29] tr [T] <login> Well, it was more severe than a flu and similarly infectious

[08:37:59] tr [T] <login> it was respiratory - so lung effect may not have been acceptable

[08:38:19] tr [T] <login> it's hard to run a counterfactual on what would have happened if nothing was done

[08:38:24] tr [T] <login> except, one can look at sweden

[08:39:09] tr [T] <login> China was the first one to do lockdowns

[08:39:16] tr [T] <login> They do overreact

[08:39:30] tr [T] <login> They do plan for pandemics though

[08:40:00] tr [T] <login> They didn't know in the first few months

[08:40:06] tr [T] <login> but they did find out within those first few months

[08:40:27] tr [T] <login> Lol, it depends on how you allocate blame

[08:40:36] tr [T] <login> America funded the research

[08:40:41] tr [T] <login> China conducted it

[08:40:54] tr [T] <login> The two economics are conjoined twins, as elon musk says

[08:41:17] tr [T] <login> America directs the capital, China does the research

[08:41:36] tr [T] <login> Well, the pandemic response was certainly purposeful

[08:41:52] tr [T] <login> and it did allow the testing of whether the response was adequate

[08:42:00] tr [T] <login> But millions of people got it

[08:42:18] tr [T] <login> It was more deadly than the flu

[08:42:23] tr [T] <login> just like SARS

[08:42:39] tr [T] <login> no way was it identical - different kind of virus

[08:42:51] tr [T] <login> people died of MERS earlier too

[08:43:00] tr [T] <login> middle eastern respiratory syndrome

[08:43:12] tr [T] <login> it wasn't standard though - the common cold is not a coronavirus

[08:43:46] tr [T] <login> oh lol, it is

[08:44:48] tr [T] <login> they censored that truth so heavily

[08:44:48] tr [T] <login> instead of debunking it

[08:45:58] tr [T] <login> i don't think it was purpose as much as it was unwittingly

[08:46:16] tr [T] <login> but the intelligence agencies etc. might have had a field day with the circumstance

[08:46:22] tr [T] <login> who was directing the purpose then?

[08:46:31] tr [T] <login> some shady cabal of insiders in DC?

[08:46:49] tr [T] <login> were they told - we want to test person control and this is the way?

[08:47:11] tr [T] <login> To what end?

[08:47:19] tr [T] <login> it's not like it helped economically

[08:47:31] tr [T] <login> or reduced crime or created more fine-tuned credit scores?

[08:47:54] tr [T] <login> Do they have a short position opened on SPY?

[08:48:07] tr [T] <login> end or evolve?

[08:48:29] tr [T] <login> everybody who is a policy maker in government may have a goal to evolve the current system into the shape of their ideal system

[08:49:07] tr [T] <login> so they want to concentrate wealth in order to create a more oligopolistic economy?

[08:49:21] tr [T] <login> i.e., lower wages, fewer protections, more juice extracted from the life energy of the populace?

[08:49:57] tr [T] <login> the few rich and powerful cannot weather any collapse on their own - they need others to provide them with luxuries

[08:50:26] tr [T] <login> and in what way will the world economic system be reformed, but to the disadvantage of the collapsers?

[08:50:59] tr [T] <login> Their idea is to concentrate ownership and have everybody rent stuff

[08:51:12] tr [T] <login> i.e., the owner shouldn't be the user

[08:51:38] tr [T] <login> i.e., you shouldn't live in your own home, you should rent yours out and rent from someone else

[08:52:11] tr [T] <login> Or, actually, own a share of a large corporation that owns it all, and rent yours from them

[08:52:31] tr [T] <login> It is a monopolistic world view

[08:52:42] tr [T] <login> Yeah, singapore follows this system

[08:52:52] tr [T] <login> Most singaporeans live in government apartments

[08:53:11] tr [T] <login> if the block votes against the current gov, they get fewer upgrades

[08:53:41] tr [T] <login> Making money through innovation is much harder than making money through market concentration

[08:54:37] tr [T] <login> I do wonder why private equity firms haven't bought residential property - i think it's disallowed

[08:55:21] tr [T] <login> You will find the limited partners of those firms to be Saudi or Chinese

[08:55:49] tr [T] <login> That's what happens when the economy gets hollowed out

[08:56:02] tr [T] <login> The actual foreign money makers start buying US assets

[08:56:11] tr [T] <login> and the US starts moving to a renter of its own country than owner

[08:56:28] tr [T] <login> eventually, the politicians don't feel safe in their own country and look to exfiltrate their wealth out

[08:56:34] tr [T] <login> i.e., the whole country becomes a sellout

[08:57:02] tr [T] <login> And then, if the norms permit it, the country gets colonisde

[08:57:13] tr [T] <login> And then gets 'recultured'

[08:57:21] tr [T] <login> i.e., new language, new schools of thought

[08:57:27] tr [T] <login> the old culture is extinguished

[08:57:37] tr [T] <login> It has happened many times to many places in the past

[08:57:52] tr [T] <login> It's slow and secretive

[08:58:01] tr [T] <login> How do you know the ultimate beneficial owner of the land?

[08:58:27] tr [T] <login> It does currently too

[08:58:46] tr [T] <login> China's strongest of its triad is its navy

[08:58:55] tr [T] <login> more than its air force or army

[08:59:07] tr [T] <login> I'm speaking on relative terms

[08:59:18] tr [T] <login> Army might be strong too - due to long borders

[08:59:22] tr [T] <login> Yeah, it's not international yet

[08:59:28] tr [T] <login> But they are working on their military bases

[08:59:41] tr [T] <login> Not if the other countries don't allow it

[08:59:47] tr [T] <login> But the other countries can be wooed

[09:00:01] tr [T] <login> especially if all the US is offering is pain to switch

[09:00:08] tr [T] <login> The US?

[09:00:28] tr [T] <login> The reason the USD is still breathing is because of how easy it is to open a US bank account and create a US LLC

[09:00:51] tr [T] <login> It is much harder to open a foreign bank account in other countries

[09:01:16] tr [T] <login> if there is a replacement, people will switch to it

[09:02:55] tr [T] <login> How easy is it to show your prices in a different currency and open a new money-accepting account?

[09:02:57] tr [T] <login> if one were offered?

[09:03:06] tr [T] <login> it's not that difficult to switch

[09:03:28] tr [T] <login> depends on if you want to preserve your wealth

[09:03:50] tr [T] <login> if your suppliers start pricing in a different unit of account, you will have to switch too

[09:04:16] tr [T] <login> TikTok managed to make people switch away from instagram by starting with a seed of users in the US (by merging with musical.ly)

[09:04:37] tr [T] <login> the same kind of thing can be done by buying - say - gold miners in America

[09:04:47] tr [T] <login> or just competing with VISA/Mastercard

[09:05:10] tr [T] <login> I think China will do partial gold backed

[09:05:18] tr [T] <login> It's like refusing to use email

[09:05:25] tr [T] <login> They have been buying a lot of gold

[09:05:49] tr [T] <login> Their central bank 'fixes' the exchange rate everyday, and allows it to move 2% during the day

[09:06:12] tr [T] <login> they use a secret basket of currencies against which to measure their currency - CNY

[09:06:26] tr [T] <login> now, what if they are buying a lot of gold to increase the amount of gold in the basket?

[09:06:37] tr [T] <login> slowly, the CNY will correlate more with gold than USD

[09:07:15] tr [T] <login> eventually, people will realise holding gold to exchange for CNY has less volatility risk than using USD for it

[09:07:27] tr [T] <login> then you will find not CBDCs, but gold-backed DCs

[09:07:38] tr [T] <login> offered by private corporations - gold-backed debit cards etc.

[09:08:04] tr [T] <login> Then some association may come into play to ensure the gold is actually there

[09:08:10] tr [T] <login> and make the accounts interoperable

[09:08:22] tr [T] <login> The fiat is still floating w.r.t. gold

[09:08:49] tr [T] <login> Even Jerome Powell said 'what happens in china matters for US interest rates'

[09:09:11] tr [T] <login> What if it inflated in a predictable way against gold?

[09:09:23] tr [T] <login> not right now

[09:09:41] tr [T] <login> but if I am right about the CNY - then the CNY might become predictable w.r.t. gold

[09:10:41] tr [T] <login> They already control the currency in a similar way to the way they'd have to control it if it were backed by gold

[09:10:48] tr [T] <login> at a predictably increasing exchange rate

[09:11:08] tr [T] <login> but instead of gold, their trade surplus is held in various currencies

[09:11:50] tr [T] <login> They may not hold absolute control, but they will want to hold control over how much control they can exert

[09:12:35] tr [T] <login> i.e., the promise of gold in exchange for CNY may not be an absolute promise, but it will be roughly the same - i.e., CNY/gold will be less volatile than CNY/USD for example

[09:13:05] tr [T] <login> I think this is their plan

[09:13:14] tr [T] <login> to internationalise the CNY without losing control

[09:14:02] tr [T] <login> The gold 'backing' is an excuse to retain capital controls without making it look arbitrary

[09:15:00] tr [T] <login> The bank account number doesn't matter as much as what others are willing to do to get a certain number added to their account

[09:15:23] tr [T] <login> And others will make that determination by having a rough idea of what that number, in turn, will get them

[09:16:37] tr [T] <login> And besides, gold is not an investment. It doesn't do anything. It is a way to preserve wealth over the long term

[09:17:36] tr [T] <login> morning Miggy-kun

[09:19:08] tr [T] <login> i won't reveal that lol

[09:19:16] tr [T] <login> but i will say, you're close

[09:23:44] tr [T] <login> omg, turkey and dill would be such a good sandwic

[09:42:09] tr [T] <login> MatCat and others: meanwhile in Japan - https://www.youtube.com/watch?v=-UYgORr5Qhg

[09:44:52] tr [T] <login> And a good written description to go along with the video: https://www.youtube.com/watch?v=-UYgORr5Qhg&lc=Ugx4OmqL3syG2LHzwTV4AaABAg

[09:44:56] tr [T] <login> (it's a comment)

[09:46:03] tr [T] <login> and also, btw, the drummer is a woman: https://www.google.com/search?q=Nao+Kawakita&sourceid=chrome&ie=UTF-8

[09:49:33] tr [T] <login> Hopefully this is not what happens to the American economy...

[10:05:16] tr [T] <login> how have you been MAGIC?

[10:05:44] tr [T] <login> how will your day be?

[10:06:00] tr [T] <login> lol

[10:06:15] tr [T] <login> it's father's day right?

[10:10:42] tr [T] <login> Why is wildting2's connection resetting so much?

[10:10:56] tr [T] <login> Miggy-Kun: what do you think about the next two decades in terms of investments and developments?

[10:16:15] tr [T] <login> I think there will be a world war, so defence companies, arms makers and especially ammunition manufacturers

[10:16:40] tr [T] <login> The US can't make enough, so they have to ask SK to make more for them

[10:17:45] tr [T] <login> One is beside me, and the other is inside me

[10:18:46] tr [T] <login> how many here know about HTML tags?

[10:19:02] tr [T] <login> table row, table header and table data

[10:19:37] tr [T] <login> i swear though, html should have had a <tc> too, for column-based tables

[10:40:06] tr [T] <login> ski: yes

[10:40:18] tr [T] <login> hello Peorthn't

[10:41:20] tr [T] <login> free things like clean air and the environment

[11:02:10] tr [T] <login> i want to be able to select a column and copy it

[11:02:49] tr [T] <login> i wonder how chinese logographs are ordered in their dictionary

[11:36:55] tr [T] <login> huy

[11:37:06] tr [T] <login> !bangn't

[11:44:29] tr [T] <login> Miggy-Kun: what was the bug?

[11:44:51] tr [T] <login> Has anyone seen the FX TV series Devs (2020)?

[11:44:59] tr [T] <login> .wiki Devs (2020)

[11:45:27] tr [T] <login> Miggy-Kun: oh, did you reply to me earlier?

[12:47:05] tr [T] <login> what were salaries like in 2003?

[20:14:26] tr [T] <+login> do you have a safety bag for hikes, MatCat?

[20:59:25] tr [T] <+login> the servers are just a medium for us to meet virtually - how are we doing?

[21:13:48] tr [T] <+login> yournamehere: feeling gay for?

[21:14:41] tr [T] <+login> or MatCat?

[21:15:49] tr [T] <+login> Have you tried Chinese green tea?

[21:18:42] tr [T] <+login> in what and by whom?

[21:19:26] tr [T] <+login> there are lighter ones too

[21:19:31] tr [T] <+login> they already have 5 and 10

[21:20:12] tr [T] <+login> ski: it's good - has a subtle taste to it

[21:20:24] tr [T] <+login> can just put the leaves in heated water

[21:21:07] tr [T] <+login> ski: what about rooibos tea?

[21:21:24] tr [T] <+login> Frogorg: yeah, it's interesting what falsehoods we go along with in our lives for the longest time

[21:22:21] tr [T] <+login> Perhaps people weren't buying the larger packages because of the word 'earl' on it

[21:22:56] tr [T] <+login> Avocado is a recent luxury

[21:23:33] tr [T] <+login> It wasn't as popular before - lesser production, lesser demand, lower equilibrium quantity

[21:23:43] tr [T] <+login> Then this meme about avocado toast just blew up

[21:24:29] tr [T] <+login> And producers started opening farms in mexico and elsewhere to grow and export the thing to the US, and similarly in Europe

[21:25:09] tr [T] <+login> Will his daughter remember the old not-bitter taste of beer?

[21:26:11] tr [T] <+login> Also, who knows what effect beer would have on a growing brain

[21:26:40] tr [T] <+login> Lots of experiments in children rearing that haven't been formally done, but that parents are supposedly doing

[21:27:00] tr [T] <+login> Even if the parents don't frame it that way

[21:27:18] tr [T] <+login> i heard that they take a cut of revenue from the producers for 'protection'

[21:27:43] tr [T] <+login> and they even murdered a US official who tried to take them out

[21:28:28] tr [T] <+login> America then threatened to impose barriers on avocado imports, so the front government would have communicated it to the cartels (whose cut would become smaller or disappear)

[21:29:12] tr [T] <+login> That period of non-remembering is the most critical time to be making sure there is good development and education

[21:29:23] tr [T] <+login> I don't know, might have been a few years ago

[21:29:29] tr [T] <+login> i'd have to look it up

[21:29:57] tr [T] <+login> I found the link: https://www.npr.org/2022/02/19/1081948884/mexican-drug-cartels-are-getting-into-the-avocado-and-lime-business

[21:30:07] tr [T] <+login> The US official wasn't murdered, but threatened

[21:30:18] tr [T] <+login> > This week, the U.S. briefly banned Mexican avocados after a U.S. inspector in the state of Michoacan reported receiving threats.

[21:31:01] tr [T] <+login> > These organized crime groups use avocados. They use limes as a source of profit. They tax them. And so that's been a dynamic for a very, very long time. I think - what sources tell me might be changing now is that organized crime groups are not just trying to tax these agricultural products, they're also trying to manipulate and control the market.

[21:31:13] tr [T] <+login> Tax is an euphemism for the cartel 'cut'

[21:33:30] tr [T] <+login> They're more like entrepreneurs with no legal limits

[21:34:04] tr [T] <+login> They have to keep the delicate balance between the farmers, the packers, the inspectors (US) and the avocado quality sent to consumers

[21:34:48] tr [T] <+login> Farmers threatened with violence do not produce good product - not as much as farmers who are happy and feel like they're being appreciated

[21:35:37] tr [T] <+login> The cartel is like private industry and government rolled into one - police, taxman and business

[21:36:09] tr [T] <+login> > So to say I am going to protest the violence by not consuming avocados, I don't know that that would work. I'm not saying don't do it, but it seems a bit simplistic to me.

[21:36:30] tr [T] <+login> The answer is to make it attractive to produce avocado in the US, and distinguish it by country of origin

[21:41:35] tr [T] <+login> It's good market timing

[21:42:04] tr [T] <+login> It's what is going to happen to commercial real-estate

[21:42:30] tr [T] <+login> Mikoolo: ssh, don't want the channel banned

[21:42:55] tr [T] <+login> it's not stealing, MAGIC

[21:43:08] tr [T] <+login> you did not acquire the right to the duck until you shot it dead

[21:43:28] tr [T] <+login> You weakening it does not give you any interest over the duck

[21:44:04] tr [T] <+login> you knew what game you were playing

[21:44:38] tr [T] <+login> trying hard != making bank

[21:44:49] tr [T] <+login> unless you go above the threshold, which you didn't

[21:45:02] tr [T] <+login> I do agree that norms were violated

[21:45:07] tr [T] <+login> Or it can be seen as unethical

[21:45:30] tr [T] <+login> But that is like lying, or going on a date with a fake name, story and then ghosting

[21:45:41] tr [T] <+login> It is very unethical, but legal

[21:46:07] tr [T] <+login> Yeah, lying to someone is not illegal

[21:46:15] tr [T] <+login> unless you get money out of them or something like that

[21:46:59] tr [T] <+login> ComputerTech could easily go into DuckHunt's code, and have it only accept !bangs from the first shooter of the golden duck

[21:47:16] tr [T] <+login> i thought the word was fight

[21:47:47] tr [T] <+login> But MAGIC, isn't it more valuable as a norm than technically enforced?

[21:48:14] tr [T] <+login> Your correct strategy, MAGIC, should be to shoot the golden duck once

[21:48:19] tr [T] <+login> Then wait for others to shoot it down

[21:48:25] tr [T] <+login> And then take the last shot

[21:49:11] tr [T] <+login> Then you can't win against the explosive shooters

[21:49:32] tr [T] <+login> You know, real-life market makers work this way too

[21:49:55] tr [T] <+login> segmenting the other traders and having different strategies depending on when which traders are active

[21:50:15] tr [T] <+login> It is quite German to over-conserve xp

[21:50:29] tr [T] <+login> even at the cost of potential future gains, if the gains are not too certain

[21:50:55] tr [T] <+login> And especially if everybody thinks that way and then the xp inflation due to easy golden ducks just takes the advantage away

[21:51:20] tr [T] <+login> In market-making lingo, that would be 3-4 opportunities to become delta neutral at an attractive price

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