Been saying for some time this use of community banks to avoid scrutiny was going to explode in multiple startups' face. Narrowly avoided working for one of the practitioners of this, and gladly so.

par for the course. Next, CREITs and Everyone's favorite retard GMAC have their turn in the barrel.

I have come to the conclusion that the sort of intimacy required to form meaningful relationships necessarily means a lack of recording devices. If every social mistake kids make growing up (there are many) is on the permanent record, that's a recipe for neurotic, fucked up kids. It's the same in the modern workplace. I refuse to engage with anyone without a BAC.

The article even makes clear that all that has happened as a result is that social activity has been driven underground. If the unis admins had 2 brain cells to rub together (difficulty: impossible) they'd divest of all the land these evil fun events occur on so they are no longer liable.

.gov needs negative real rates to weasel out of their debts, which increase with no end in sight. This is also why they're going to resort to dirigisme and capital controls when everyone figures out the country is a financial gulag.

The Fed crammed deposits down the throats of banks via QE
The Zero Reserve requirement by the Fed encouraged banks to speculate.
Not happy with free money for nothing, banks invested deposits into long duration treasuries and mortgage backed securities.
Regulators at the banks and Fed did no duration risk analysis
As the fed hiked rates, total bank losses hit $620 billion.

Instead of making $253 billion in annualized free money, banks collectively managed to lose $620 billion. Way to go!

It really is funny that the only bank that proposed just parking all the money at the fed and making that sweet free money was told "No". Lol.

If so, non-dividend issuers will get raped

The style of the new anti-speech Democrat is clear: define all government critics as lacking standing to criticize, impugn their prior opinions and associations, imply that all their beliefs are conspiracy theory, define their lack of faith in the FBI’s judgment as treasonous, and declare their motivation to be financial. Lastly, when they invoke common constitutional rights, make a note that their activities exist in an uncovered carve-out.

Sounds like a bulletproof bubble to me

Destroying crime and corruption is one of the best things that can happen for an economy. Investment is not possible with widespread extortion. It's a hard decision to make, but things like this are why the future always belongs to those willing to get their hands dirty to clean up the filth. Trouble in most countries, of course, is that the tool you would use to fix it (the police) are bent too.

Coming, of course, from anonymous sources in the state intelligence apparatus. Given the NYT has a bad record of laundering CIA talking points via this mechanism, and Sy does not, I doubt the sincerity of the piece.

One hopes this leads to a wider investigation, but with the war hysteria how it is I wouldn't hold my breath. They'll murder free speech and this time it's never coming back.

And a CBDC! For people that live in shacks floating in the lagoon. There are no words to describe such idiocy.

The cheerleading, or at best indifference, by Democratic Party supporters and much of the left to these show trials will come back to haunt them. We are exacerbating the growing tribalism and political antagonisms that will increasingly express themselves through violence. We are complicit, once again, of using the courts to carry out vendettas. We are corroding democratic institutions. We are hardening the ideology and rage of the far-right. We are turning those being hounded to prison into political prisoners and martyrs. We are moving ever closer towards tyranny.

Banana Republic

Remember, Lithium is the actual secret sauce in H-Bombs.

But this is a new thing. Montana has always been the site of land battles—but these warring factions are brand new. The Washington Post presents the risk as one-sided—that angry Trumpists are going to soon resort to violence because, well, that’s what they do when the modern world comes knocking. The media doesn’t notice that Trump flags are being raised in reaction to the rainbow ones, not in spite of them. The anger bubbling up from Three Forks isn’t happening because Montanans, left alone for decades, somehow developed into anachronistic bigots unready for the modern world. It’s happening because Montanans got their sh*t taken. They were intentionally shoved out, left behind. Their music, their signs, their cars, their language—they’re all born from a fresh wound.

How dare those natives resent being colonized by the coastal elites

Review linked here is pretty much what I would have written myself. Book itself is highly worth reading, along with all of David's stuff.

See the close of the article. KYC/AML being a huge failure, as predicted at the outset, is the core rationale behind institutional desire for CBDCs. This is of course a crock of shit, as KYC/AML is just an arbitrary way to put the thumb on scales for the cronies, as it criminalizes everyday behavior. The real crime is "needing" it at all due to our vile & criminal taxation systems.

For reasons similar to the concerns which will eventually terminate this blog as well. When war starts, there's no way in hell free discussion will be allowed, and things look more or less inevitable at this point. So why not just call it?

Happy to see him on substack!

Overnight prices. I'm guessing that the PPT is involved somehow here too.

It's the same kind of confidence + slapdash connection of the dots in a way people fill in the blanks that you expect. Clever Hans, but not motivated by carrots unfortunately. Anyhow this is why I see its primary application being Drowning the world in an unstoppable torrent of spam. This is basically an electronic warfare platform that's about to be unleashed upon all of us, and further fuck up the ability to find anything of value online.

4-part piece on the Russiagate hoax and media hysterics surrounding it. Will be the definitive work.

Tyrannical wartime measure they intend to force on those without capacity to resist (e.g. pensioners), and then wedge it into society at large from there.

Great article linked by a guy noticing ChatGPT is a sort of Reaper IFF. In short it turns out our retarded social media censorship regime is the empire coming home! It's literally run by COINdinistas. No wonder it's such an obvious failure.

As these efforts go into full swing and the defectors pile up, Silicon Valley will have to institute Scientology-style restrictions of expression and behavior. These limitations will only create more defectors as internal reprimands become more reactionary. If you need help finding the psychology of Silicon Valley developers, mine HackerNews and IRC logs for sentiment analysis about their behaviors and allegiances.

Spot on prediction, much like those of us who noted at the time that COIN would go as well as "Strategic Hamlets" did in Viet Nam.

If you can't write at least as well as clockwork, what the hell are you even doing? I remain skeptical that this will finally force the education system to actually teach people how to enjoy writing well enough to do it on a regular basis. They'll just bury their heads in the sand and be happy that technology is artificially inflating standardized test scores like calculators have done for decades now.