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    • Thu, Oct 22, 2020 - 10:41am

      #12

      davefairtex

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      birria tacos

    Oh my sounds like I can do this with a crock pot – my favorite appliance.  Crock pots are great.  They require little effort, they produce stock (which is an awesome addition to everything), and I can eat for a week off anything I put in there.  I bet I could use the ribs with the actual bones in them.

    [My midnight snack is usually a quesadilla.  And yet – how do I remain at 165 pounds?  I’m not even sure.  I think it probably has to do with portion control.]

    Ok, so, tomatoes + oregano + cumin + coriander + chili to taste.

    Yes this is a fun idea.  🙂

    • Thu, Oct 22, 2020 - 07:14am

      #9

      davefairtex

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      fair

    Isn’t that what we would do in their position? And isn’t it fair for people doing the same work to be paid the same wage?

    Of course I’d be doing the same thing if I were in their position.  Kids will also eat all the ice cream in the tub, if you let them.  Answer: don’t let them.

    Do you imagine the entire population of Africa would like to come to Europe and make a better living for the same amount of work?  I bet most of them would.  Wouldn’t it be “fair” to let each and every one of them in?  All billion of them.  I’m sure a few minor things would change for the people who built the civilization that made it all possible. But it would be “fair.”  So why not do it?

    The whole “fair” argument leads inexorably to communism.  Of which I’m not a fan.

    Trump is President of the United States.  I expect him to look after the citizens of the United States.  Not the citizens of the rest of the world.  It is as simple as that.

    Likewise, I expect the President of Mexico to look after the citizens of Mexico.  Not the citizens of the rest of the continent.

    Heh sorry you made a lot of other interesting points.  You think the UK needs to get spanked “to encourage all of the others” to remain in line.  I guess it depends on just how much influence the automakers have over Merkel.  Do you really think there are that many nations ready to leave?  My sense is, the UK has always been the cranky odd-man-out of the group, unlikely to be duplicated.  Been that way for centuries.  Not even part of the eurozone.

    You do realize that lockdowns don’t make the virus go away right?  Sweden has shown us that.  They just inflict economic damage in exchange for pushing infections off into the future.  So the sacrifice our youth are making is really all in vain.  Unless you lockdown until that vaccine arrives, which could take another year.  And it might not even work.  Or it might cause even more damage than it allegedly solves.

    By then the EU economy will be utterly toast.  I’m suggesting you don’t tax the elderly for this very dubious benefit.  Sweden will end up running the place.  Them, or China, which will buy up the EU on the cheap.  More likely, China.

    Which may have been the plan all along.

    “I know, lets unleash a virus on the world, lock down a city to show them how it is done, have the WHO tell everyone to follow suit, and once they destroy their economies by mindlessly following this example for 18 months, we can drop in and buy up their key bits of infrastructure in the bankruptcy sale.”

    • Thu, Oct 22, 2020 - 06:33am

      #6

      davefairtex

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      the food

    I grew up on Mexican food.  I second “the food is too good” notion.

    My friends ask me what my favorite American food is.  I pause and think to myself, “does 3 rolled tacos with guacamole count?”  I ate mostly Mexican food all through university.  Kidding aside – I like pot roast.  I’m not sure that’s food you can get in a restaurant though.

    I do think that if truckloads of Mexican chiropractors were swarming across the border, you might feel differently about border security.  The issue really isn’t your issue; mostly, its for the lower wage US workers who have their salaries savaged by competition by our hard working neighbors to the south who see our wages as a goldmine.

    I see this with the H1B visas and the armies of mostly Indian tech workers.  They started appearing after dotcom, and it mostly never stopped.  It definitely affected wages for my group.  I didn’t realize it at the time, but the impact was real.

    If you talk to anyone from another country that wants to come here, it usually isn’t for our freedoms.  It is because they can do the same job they do in their own country, but get paid a lot better to do it.

    • Thu, Oct 22, 2020 - 05:46am

      #4

      davefairtex

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      wrong abc

    I think Mr 50 Cent was referring to his TV show on the US TV network ABC, rather than the obscure quantum-proof coin.  🙂

    Man.  There is not enough time in the day these days.

    In my defense, the US elections will almost certainly drive geopolitics for the next four years.  I do think it is a defining moment; what appears to be a domestic squabble will have much larger implications, at least in the Pacific.

    Specifically, how will the US deal with the CCP: either it will go along with the bribery as it did during the Bush/Obama years, or continue decoupling.  That drives Quad Alliance enthusiasm in the Pacific.  That goes away if Trump leaves office.  Pre-Bribed Biden will go back to the old ways.  An unchecked-CCP … I shudder to think.  No more jobs.  All gone.

    Europe – I don’t see too much change one way or the other.  Trump’s impact on Europe is relatively minor – probably because the US and Europe are culturally aligned, and generally share the same worldview, and so there isn’t much need for adjustment.  The moves in NATO are tempest-in-a-teapot importance.  “Spend more on NATO” – whose existence is more than a little questionable, given how Russia has shrunk.  Do you know where Russia is on the world GDP chart?  They are #12.  Above Spain, below South Korea.  China is of course #2.

    The UK appears to be about to Hard Brexit – I still think the US has supplied BoJo with intel that walking away will lead to him getting what he wants.  We don’t have too long to find out if this is true or not.  The EU might actually have to experience walking off the cliff before they cave, but I do not think Mrs Merkel will toss German auto sales out the window for fishing rights.

    Europe’s fate is largely in its own hands.  The pandemic response has just crushed the economy there.  And the follow-on response to the “second wave” will make sure there is no recovery for a while.  Its just deadly.   Sweden will be the lone survivor.  For the most part.  Longer term, I don’t see how the Euro survives.  Will all rent be cancelled forever?  All mortgage payments?  All loans forgiven?  When does the extend and pretend stop?  Does it ever stop?  [Same question for the US – except the US dislocation has been a lot less dramatic.  Thank Trump and Fed money printing for that].

    Once the pandemic “is over”, and “things go back to normal”, who owes what?  And who owns what?  Europe never recapitalized its banks from 2008.

    Maybe this is why the gang in charge isn’t eager for things to go back to normal just yet.

    There.  Hope that satisfies for a while.  🙂

    • Thu, Oct 22, 2020 - 02:19am

      #2

      davefairtex

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      policy vs division

    Rapper 50-cent tweet journey really brought home to me how little this election is about policy.  And how that’s a deliberate construction of the media.  They don’t want to talk about policy.  They want it to be about racism, about the usual politics of division.  They want it to be about anything but policy.

    This approach has largely worked – to the point where someone worth $20 million, someone who clawed his way up the greasy pole of the music business from nothing over a 20 year timeframe, and who is a survivor, a very savvy guy – doesn’t figure out until just 2 weeks before the election that he’s been had.

     

    • Wed, Oct 21, 2020 - 07:17am

      #7

      davefairtex

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      try this link

    There are other links at brighteon as well.

    https://www.brighteon.com/eb7fd1ab-cd53-4587-b11e-9c03b141e574

    I agree they spent a lot of time on masks.

    There was like 2.5 hours of content I didn’t sit through that used to be at the summit site, but is no longer available.  Not sure what happened – perhaps they blew out their bandwidth limit.  Or maybe their media server provider pulled the plug on them.

    • Wed, Oct 21, 2020 - 06:59am

      #21

      davefairtex

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      the chinese angle

    phusg-

    This whole ABC project started several years ago, before the CCP snatched HK and things got bad.

    The cryptography part (Rainbow) was invented by a US (immigrant Chinese) math prof named Jintai Ding, who has been in the US for at least 30 years, has kids here, the whole bit.  He isn’t some PLA grad student guy coming to pull some stunt.

    The other guy I don’t know.  I think he’s a mainlander.  So…that could be an issue.  If the CCP likes something, they eventually end up owning it.  Not sure where the dev team was that wrote the code.  I want to say Taiwan because that’s what my memory says – and there was a German guy involved too.  He did the GPU code.

    Yeah.  You do need to run linux.  But that’s what all my stuff runs on anyway so that one is no big deal for me.  Sorry, forgot to mention that part.

    The amusing thing about all these bitcoin promoters is, unless they’ve actually written parts of the bitcoin server, I probably know it better than they do.  There were some bugs I needed to fix which required me to get reasonably familiar with how the code works.  And I also ran a full node for a while.  And I wrote a bunch of python code to scour the blockchain extracting what I thought might be interesting transaction data for price prediction.  I had to know the protocol pretty well to get my code working.

    Anyhow.  ABC was a fun project.  We’ll see how it goes.  Bitcoin has the mindshare.  It is theirs to lose.  But if they lose it…things could get interesting.

    • Wed, Oct 21, 2020 - 05:21am

      #3

      davefairtex

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      conversion to perpetual

    Well, as the former proud holder of 6 month and 12 month treasury bonds, it would mean a great deal of difference to me.  If rates increase, how much of a discount would I have to pay to get my cash back? It could be quite substantial.  Especially since they no longer expire.

    “All that 6-month debt is now perpetual.”

    The other implication is, they get to fix interest rates without engaging in QE.  If the secondary market exists, great.  If not – oh well.  You’re stuck.

     

    • Tue, Oct 20, 2020 - 10:32pm

      #4

      davefairtex

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      here’s a reverse argument: RCT for masks

    So Fauci tells us that we cannot possibly allow a treatment without first validating it using an RCT.  That’s his requirement.

    So how about flipping the script: no mask requirements until we run an RCT on masks?  Same thing for social distancing.  Same thing for hand-washing.

    No RCT – no recommendation from the CDC.

    Let’s wait 12 months for these RCTs to finish, too.  Just like all the NIH studies on cheap drugs that might work.

    Of course I’m not serious about it, but “the shoe on the other foot test” is a useful thought experiment.  It kinda paints a picture of what NIH has been up to.

    • Tue, Oct 20, 2020 - 11:12am

      #3

      davefairtex

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      sorry today

    Sorry for the repeats & flaws in today’s report.  I can’t edit the thing for fear it will simply be deleted by the site when I submit it.  This has happened more times than I can count, so its a no-touch thing once I hit submit.

     

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