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Commentary on The Capital Markets
2017-11-20 16:27 by Karl Denninger
in Small Business , 44 references
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For a bit of background see this article, or check out the page at

The software now has had added to it a quite-complete Amcrest IP camera interface.  It is capable of triggering events on any of:

  • Motion
  • Audio (either "any" or "above threshold")
  • SD card removed (if you have one in the unit)
  • Dry contact (these cameras have a user-selectable normally closed or open input on the back; quite useful for things like a door or window switch, for example.
  • Attempted hacking (e.g. repeated authentication failures)

These capabilities should be functional against any "modern" Amcrest IP camera with reasonably-recent firmware.

In addition at any time (not just on the triggering of these events, but any event HomeDaemon recognizes) each camera can be instructed to take a snapshot with optional motion to a pre-set point occurring first.  The snapshot can be taken as a "regular" (subject to roll-off) or "protected" (in a folder not subject to roll-off) image.  The software has configurable limits for the maximum number of snapshots to keep and the minimum file space that must be available on whatever device is used for same, and it will manage space as required to remain within those limits.

The snapshot and "grab" functions are all implemented over "https" (and require it) since the provision of a username and password to the camera is required and while the cameras supports "digest" authentication (better than "Basic", which Amcrest recently removed -- thank God!) MD5 digests are not particularly secure.  It is strongly recommended that the storage volume for retrieved snapshots not be on the system boot device (e.g. a plugged-in USB stick is appropriate) to prevent the possibility of trouble with that device causing problems for the running system.  Once stored having a timed job or listener transfer images as you wish to an offsite location is a matter of trivial implementation since there is a full FreeBSD operating system running under the HomeDaemon-MCP code and the files stored are standard .JPGs with names based on the camera name, date and time.

Finally, all of this, like the rest of HomeDaemon MCP's operational capabilities, takes place under a high-performance multi-threaded implementation so as to be able to transact against multiple cameras at once.

Since the system includes certificate-based authentication already building in rights management (either on a subscription or purchase basis) would be quite easy to suit whatever business model you may have in mind.

Come check out the description and more info -- this code is for sale, all-rights and in source (written entirely in "C"), should you be looking to either establish to expand a home control firm with a security-related focus.  Click on the contact links on the right sidebar to get ahold of me -- and thanks!

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2017-11-20 14:39 by Karl Denninger
in Corruption , 323 references
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Sweet Baby Jesus, how does this **** pass in our nation today?

"Women who are abused end up having long-term physical and physiological problems," Biden said on Monday at Glamour's Women of the Year Summit. "I’m working with Lady Gaga now... we want to set up trauma centers where women can go to get the long-term help they need to deal with these crises. We finally are recognizing the long-term impacts on the health of women and men who’ve been abused. It’s the next great frontier I want to be part of."

Biden has widely been reported as one of the worst offenders among Senators (and former VP candidates) when it comes to sexual harassment and abusive behavior toward women.

The only possible reason I can come up with for him to do this is to groom himself more victims now that he's out of the political realm and off the public stage where women were readily-available for him to grope.

If someone "ordinary" tried to pull this crap they'd be run out of town on a rail -- if they weren't arrested and charged outright.

Want to preach about abusive behavior by men in power toward women?

Start by locking that mother****er up and barring him from having anything to do with abused women.  Ever.

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2017-11-19 13:56 by Karl Denninger
in Company Specific , 1017 references
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If you want one of their alleged "Super-Roadsters" you need to ante up $5,000 now plus $245,000 more within 10 days by wire transfer.

Note that the car will not be "ready" and "deliverable" for three years according to Master Touter Musk.

What happens if "three years" turns into "never"?

You flushed $250,000 down the toilet.

May I remind you that Tesla is a money-losing enterprise and has been since it was founded.  It has never made a profit, it has zero in retained earnings and you will be an unsecured, back-of-the-line creditor with your "reservation" -- which they will spend the minute it comes in the door.

If the "Reservation" was a modest amount of money this might be defensible.  $5,000 as a punt on a "supercar"?  Sure, why not.

When it's a quarter of a million bucks it not only is indefensible in my opinion the solicitation of same borders on criminal fraud since the company has absolutely no reasonable reason to believe it will be able to ever deliver said car.

Let me remind you that their "example" shown was damn fast and impressive.

It also almost-assuredly had nearly zero range, was "damn fast" because it intentionally had nearly no battery in it and thus might have had a range of a few miles in its "present" configuration which was simply "stick big electric amp-sucker on each wheel and it breaks the 3-second barrier, damn actual ability to use said vehicle for more than a stunt showing to Hell."

You cannot get around physics folks.  Tesla is betting you will fork up a quarter million dollars for something they cannot deliver now, might never be able to deliver as I suspect the technology necessary in the battery department to do it within the weight and power budget does not currently exist in a form that can be manufactured and further, the company may not exist in three years as it only does so today due to being able to continually go back to the well of Wall Street and either issue more stock or debt to fund the charismatic preaching of Elon Musk which thus far has translated into losing money on each vehicle made.

One "market disruption" that occurs at the wrong time and Tesla is literally out of money and out of business.

If that happens, which I believe is quite likely, your $250 large is going to go "poof" like a fart in a church.

Oh, may I remind you that EV subsidies, which have enabled Tesla to run a "tax farm", are going away -- and may well precipitate that "market disruption"?

Musk ought to be in prison for running this crap.

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2017-11-19 07:00 by Karl Denninger
in Social Issues , 261 references
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Oh, what high-minded and haughty bull**** one tosses out on the page at Faux Snooz:

For the first time in America, we are properly tackling drug addiction as a public health issue requiring public health solutions, rather than a public safety issue necessitating heavy-handed and ineffective criminal penalties.

We are finally in the right ball park. Now we need to make sure we have the right game plan.


To those using them, drugs aren’t a problem – drugs are a solution to their problems. Drugs help people deal with fear, anger, shame, isolation, depression, and other real and deep problems many of us experience on a daily basis.

No ****?  You mean all those bars all over the land, all those liquor stores and rows of beer cans, bottles and cases lined up in the grocery store might in fact be used by people who, even if just for a while, want to forget something, dull some (mental) pain, add a bit of a "buzz" to a sporting contest or escape from the drudgery of their life?

Say it isn't so!

Of course it would be fantastic if nobody ever suffered a poor outcome from such things.  You know, like driving while intoxicated and wrapping themselves around a tree at high speed?  Or destroying their liver, pancreas, heart -- or all three at once?

Well, yeah, that would be great.  It's also unrealistic.

We all occasionally attempt to resolve, or at least escape, these core dilemmas through inappropriate or ineffective means. Illicit drug use is a particularly destructive and dangerous choice, but it is still an attempt to fix a problem.

Illicit drug use is in many ways less destructive than "licit" drug use in this regard.  Don't get me wrong; opiods are bad news, and kill people.  There's a coffin corner problem with them that is common to many drugs in that as you consume them for periods of time it takes more and more to get the desired "high", yet the physiological limit of exposure without death doesn't really change all that much.  If those two points intersect you die -- reliably.

But those same points exist for alcohol.  We sell it in stores anyway.  It's just that most of the time your liver will be a shriveled up mass and your heart and arteries leaking fluid into your body to the point of death before the coffin corner problem gets you.

Though drug dependence is an extreme solution, it’s an outgrowth of an attitude common to all of us. For most issues we face, we expect to find a quick and easy patch. That’s the key message we get from ads for all sorts of products.

Just ads eh?  It's not Facebook too that, it has been disclosed, is knowingly giving you that little "hit" of dopamine which of course is a drug your body manufacturers but which many entities have figured out how to exploit and do, is it?

Oh wait -- it is.

Why do we throw people in jail who sell drugs but Zuckerpig walks free with billions of dollars he got by conning you?  And yes, he conned you folks -- he manipulated you psychologically and abused your mental health, intentionally, as the above shows.

Nobody cares.

At the root of a large part of this is not just "simple, quick-fix demands", which is legitimately part of the problem.  Witness those who are overweight or obese and have Type II diabetes or its precursors.  They want pills.  They're fast and easy, right?  Well, yes they're fast, yes they're easy, no they don't work.

Not on a permanent basis anyway.  They do appear to work originally, but the problem with them is that in a relatively short period of time you build tolerance to them because what you were doing, which was a progressive path of destruction, you have not changed.

So first it's Metformin, then the next drug when that one stops working as you continue to insult your body, and so on.  Many people say they're eating low carb, high fat and "it doesn't work" but in fact they're not doing any such thing; they're usually either eating lots of carbs or massively-excessive amounts of protein which their body converts to glucose, rendering the so-called "low carb" claim (and effect) worthless.  What's even worse is that many of them eschew essential minerals and vitamins in their attempt to "eat this way", which doubles down on the ignorance and bad outcome.

We spend somewhere around $400 billion a year in the federal budget alone due to this one disease -- Type II diabetes.  Now how much more do we spend not only tossing people in prison for adult drug use and abuse but how much more do we lose as a consequence of paying homage to all those who want quick fixes instead of addressing root causes?

Why would someone have such despair in the first place?  Can we have a conversation about that?

Maybe they've had some really crappy things happen in their lives; we all do from time to time.  For most of those events, however, if they're just "ordinary events" they pass and so does the impetus to use drugs.

For the rest, however, maybe it doesn't pass.

Maybe the event doesn't pass because they're not rocket scientists (after all, the bell curve is real and thus so is intelligence and mental capacity) and we sent all the jobs that are both rewarding and accessible to those folks that aren't on the far right of the curve to China and India, and of those remaining we looked the other way while millions of illegal, unskilled laborers flooded our nation.

In other words we cheered on the screwing of a large part of the population of this country -- and then we express shock, outrage and revulsion when they turn to the bottle -- whether it's got booze, prescription drugs or heroin in it.

You don't think having the ability to find a job sufficient to keep a decent roof over your head might make your depressed and seek an escape, do you?  How about if we sat back and let the politicians and Wall Street fat cats destroy the economic conditions necessary for people of "ordinary means and intelligence" to be fulfilled?

Oh, you think that might be a factor?

Well then maybe we ought to do something about that before we turn the screws even further to where if your IQ isn't over 110 there's almost-literally no work available that pays enough to have and raise a family!

We already screwed anyone with under a roughly 120 IQ out of the ability to raise a family on one income without the government grossly subsidizing them, especially in high-tax parts of the country.  Why did we allow that "high tax and cost of living" crap to develop in the first place?  How much further do you wish to push that abusive paradigm which you have not only voted for but cheered on and why do you keep ratcheting the taxes and cost-of-living higher?

You want lasting change with regard to drug abuse and outcomes?  Look to Portugal, which legalized basically everything.  Drug abuse rates fell like a stone.

But if you want to actually take care of the underlying problem that leads to drug abuse of all sorts then you need to address the fraud all over our economy and those who intentionally exploit everyone and everything they can, starting with people like Zuckerpig and the so-called "multinationals" such as Apple that not only avoid taxes on income they really do earn here (the fruits of their operations) but firms that do things like cost-shift call centers and then claim the activity is "there" (when it really isn't; it's for the benefit of people here.)

The fact of the matter is that a couple of ordinary intelligence must be able to feed, house and clothe both themselves and a couple of kids on one income, not two, and make it work -- in essentially all areas of the country -- without taking handouts.  If you do that then the reason for a huge percentage of those who currently use drugs to do so disappears.

But for that to happen the scams have to disappear across the board, and utterly nobody is talking about doing it.

That's your responsibility, America.

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Another art sale from the cool chick I know :-)

Find it here.....

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