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2022-05-20 07:00 by Karl Denninger
in Corruption , 480 references
[Comments enabled]  

ESG sounds like a "Great Thing", right?

Environmental, Social and Governance?  Who is against "doing right by the environment"?

Well, that depends.

A felony undertaken for allegedly "good" reasons is still a felony.  You still go to prison, or at least you're supposed to.

Now think this through folks: All of these measures have cost.  To the extent they're mandated by law every company must comply.  But to the extent they're not mandated by law the firm(s) that do it are disadvantaged; their costs are higher and thus their profits lower.

This means they will fail in a competitive marketplace -- every time.

The only way that's not true is if every other competitor can be forced to do it too.

Except..... that's a felony.

Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is declared to be illegal. Every person who shall make any contract or engage in any combination or conspiracy hereby declared to be illegal shall be deemed guilty of a felony, and, on conviction thereof, shall be punished by fine not exceeding $100,000,000 if a corporation, or, if any other person, $1,000,000, or by imprisonment not exceeding 10 years, or by both said punishments, in the discretion of the court.


Every person who shall monopolize, or attempt to monopolize, or combine or conspire with any other person or persons, to monopolize any part of the trade or commerce among the several States, or with foreign nations, shall be deemed guilty of a felony, and, on conviction thereof, shall be punished by fine not exceeding $100,000,000 if a corporation, or, if any other person, $1,000,000, or by imprisonment not exceeding 10 years, or by both said punishments, in the discretion of the court.

Note that there's no exception in said law for investment conglomerates that own and vote huge percentages of corporate stock and act in concert to force compliance across competitors and, even worse, horizontally across entirely different businesses.  That is, Blackrock and similar (e.g. Vanguard.)

The issue is simple when you get down to it: These "initiatives" all increase cost -- and not a little either.  Placing "glo-bull warming" in front of the line, for example, when it comes to selecting energy technologies to produce or consume in your operations means you intentionally overpay compared against the other alternatives.  Nobody in their right mind intentionally sets $100 bills on fire.

If these "initiatives" were cost savers then nobody would have to "urge" or "coerce" anything; firms would do it on their own because, once again, you're nuts to set $100 bills on fire.  Thus it is proved that these "initiatives" are in fact money losers and competitiveness destroyers and as such colluding to do so is a felony and in addition creates real harm to real consumers.

Now if you have to comply with an actual law then, well, you do.  If the law says you must do "X" and that happens to raise your cost, then it does.  There's nothing you can do about this as a businessperson.  That is the proper form of government by the way, to set level playing field standards that represent the will of the people, because all such standards come with a cost and the proper place to have that debate is in the Legislature.  May I note that California tried to do exactly that with corporate board membership and it was struck by the courts as unconstitutional.

But no!!!!  Not anymore.  Checks and balances?  Laws, courts and Constitutions?  No need for that tripe!  Now we have all these firms blathering on Twatter with their obligatory kowtow to the upcoming WEF summit.  Which is a bunch of people preening on about raising your costs through collusive action which is a 10 year in the slam-slam felony for each and every person engaged in same.  Nobody in their right mind would go along with any of that unless there was coercion involved, and the only place that coercion can legally be imposed is by legislative action.

Again: When this is done by a band of people or corporations it is a ten year in the hoosegow felony for every single person involved.


Make Prison Great Again -- NOW -- or we the people must contemplate Making 1776 Great Again.

If they won't follow the law -- and nobody will indict them -- why should you not have them for dinner?

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2022-05-18 07:00 by Karl Denninger
in Other Voices , 503 references
[Comments enabled]  

Those fish keep hitting me in the face.... they must like the idea of coming in the boat! -- Ed

Check out the price of gas and diesel!  Anyone who took a vow of poverty is really happy right now.  And it’s not too late to join them, there is still plenty of time before the inflation train leaves the station.

None of us knows what the future holds, and it’s better that way.  Imagine how much more you would have dreaded 2022 if you knew about five dollar a gallon gasoline and empty shelves.  America has a genuine baby formula shortage right now.  This is a serious problem, and I will not make light of it.  Likewise, we will have serious shortages of other staples in the future.  I do not state this for doom and gloom, but to prepare you. Part One of How to be Poor discussed making a personal prep list.  Now is a good time to reevaluate it and see if there are any staples missing.  Do not panic while doing this, fear drives poor decisions.

As supply chains continue to degrade, gasoline and diesel remain high, more and more people check out of clown world.  Sometimes this is by choice, and sometimes their job becomes an unemployment statistic.  Service industry and fast food jobs will collapse as people go broke. Further ahead, the government must cut CMS spending.  This will impact every pharmacy and hospital in the nation.  Things are not looking up anytime soon.  What can each of us do about it?

There is a valuable resource that people either have too much or not enough of.  When someone has too much, they are often despondent and bored.  They want to get rid of it as soon as possible, yet the harder they try the more they are aware of its excess.

When there is not enough, a huge burden rests upon shoulders, and a frantic feeling overwhelms them. The more they try to gain, the faster it retreats.  

It’s time, not money.  When it comes down to it, no one cares about money. Money only counts when it buys something.  People exchange money for necessary things, or for a good time.  When you die your time on earth is over.  And no one’s last thought is of money, it is of time.  More time to do activities they enjoyed, and spend it with loved ones.

No one works for free because time has value.  The universal medium of exchange is time.  What is a job?  You work for a certain number of hours (your time) so you can spend days off doing what you want.  Purchasing food, clothing, housing, and power are all you trading your time for someone else’s.  Because time only runs one way, humans invented money as a convenient medium to keep track of it.

Money saved is security for the future.  Security means less stress.  In this way, money buys you enjoyable time down the road.

Money is a crude approximation for time, but it’s what we have.  Even if you do not work for cash, every task you do is at the expense of another.  While you clean the house, you cannot work in the garden.  As you drive to work, the next meal is unprepared in the fridge. Even two enjoyable activities cannot be done at the same time. While you are exercising, you cannot play video games.

I won’t tell you how to maximize your time, for I don’t know what you value.  Much has been written on the subject, and I have nothing to add.

Enough philosophy.  That’s either dank or boring depending on your perspective.  And you are not reading, nor am I writing this, to bring you down.  We all have clown world for that.

In no way, shape, or form am I encouraging anybody to give up all their money voluntarily and accept a crappy standard of living.  Everyone is free to use their money and time the way they see fit.  What I hope is to give you some options in an uncertain future.  If your financial life is turned upside down, perhaps your prep work now will provide a small measure of stability in the future.  In other words, current you helps future you gain time.

Why have I written That Word about a million…so far?  Because at the rate the economy is tanking, many of us will have a ton of time.  And now for Part Two of How to be Poor:  Too Much Time on my Hands.

We must begin with money since it is the approximation of time’s value.

How much money is spent on true necessities versus pleasant distractions?  This isn’t a judgment of how anybody spends their money or their hobbies.  It’s a question each of us must ask ourselves if we are facing an uncertain financial future.  And unless you have a jillion dollars in a mattress, you probably are. Even if you are secure, how will your children and grandchildren fare as clown world gets kookier and kookier?

Any budget discussion includes one question that sends chills down the spines:  What can I cut out and not miss too much? 

Did you feel it?  Was it a pang of nostalgia, of something enjoyable missed?  Or did fear loom as you wondered what you would do to fill your time instead?

No one but you can decide or execute a budget.  There are enough resources out there that explain how to do that.  This guest Ticker concentrates on what to do with all the extra time without draining away your future security.

If you are unemployed, housework will fill it all.  There is no end to it.  Throwing stuff away, picking up after others, laundry, sweeping, mopping, vacuuming, dusting.  Oh, and cooking.  And putting away leftovers, loading the dishwasher, and cleaning the kitchen.  Housework all day, every day is no way to live. There is a line between a clean enough house and obsessive-compulsive disorder.  However, these daily activities are important.  If you don’t believe me, try not cleaning the house or cooking for a few days.  Unless you are a hoarder, you will clean it up before a pile collapses on you.

Any time budget boils down to two questions: what do you have to do to survive, and what do you want to do that makes life worth living?  Answer these and you have created your own time scape.

We are acutely aware of the tasks we need to do so I will concentrate on the second question.

Start with daydreaming.  If you weren’t doing whatever it is you were doing before you read this (vacationing in place at work?), what would you rather be doing instead?  No matter how far-fetched, make a list.

Many things on that list cost money:  Family vacations, shopping, eating out, fine alcohol, hobbies.

Look at your list again through the lens of, “How can I spend equivalent time for less money?”

What is a family vacation but spending time with loved ones?  Eating dinner together or having a family game night creates memories for less.  Day trips cost less than staying overnight.  Driving with the family might be the best part.  How many important discussions have you had in the car?  There is something about watching an open road that generates conversations and memories.

Making a story by asking each family member to add to it creates something better than the crap that’s on TV.  And you will learn something from each of them.  Storytelling entertains the audience, but the audience sees into the storyteller’s soul.

Some people shop for a dopamine hit.  They don’t need much of what’s in their carts.  If this describes you, what can you do that gives you the same hit?  Is it the discovery of something new?  Getting out of the house?  Once you know the answer, you can replace it with an activity that doesn’t cost as much.

Learning to cook is an exciting challenge.  If you rope the family into helping, creating gourmet meals will generate some of the happiest memories.  If the meal doesn’t live up to your expectations, so what?  It’s not a peanut butter and jelly sandwich or mac & cheese.

Some people have piles of unfinished projects.  The ones that you explain by, “When I have time… Someday when I retire… Maybe over spring break…” Those projects.  Now it’s time to revisit the Room of Shame where they await and prioritize.  Which ones do you want to finish?  Which ones are closest to completion?  How much will it cost to finish each one?  How much time will it take? Pick a few projects and buy any supplies needed as you can afford them and they are available.

Exercise is another way to keep busy and relieve stress.   Sometimes going for a short walk in fresh air will radically change your outlook on things.  Do not listen to the government, the outdoors is safe.

These are some examples, everybody has their own list.

Time is our most precious resource until we have too much of it.  Plan ways to fill it enjoyably and productively now and may your future be as stress-free as possible.

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2022-05-17 07:00 by Karl Denninger
in Covid-19 , 1458 references
[Comments enabled]  

It is indeed vexing.

My last "best educated guess" was that one in thirty people who got the jabs were going to get screwed, with "screwed" defined as either dead or seriously and permanently compromised medically.

Heart attacks, cancer, strokes, serious liver and kidney damage, serious autoimmune disorders, all things that if they don't kill you you might wish they had.  All of them take you "out of the game" so to speak and may are functionally if not physically terminal.

Then there are the myriad reports of died unexpectedly that are all the rage these days -- and weren't before.

Two Senators and one Senate candidate have this year had strokes.  So far.  That's..... extraordinary and you know damn well what potentiated that risk.  Go ahead, keep telling yourself "it won't happen to me."  Uh huh.  Have another jab, fool.

The astounding part of all this is that we are now learning that there's a credible possibility that not only were signals of danger ignored (which I pointed out before mass-jabbing became all the rage) the trials themselves may have been fraudulent.  We're talking allegations of straight-up fraud here; data and even people allegedly in the trials fabricated.  True?  Unknown, but what is known is that the data dump that Pfizer did their level best to prevent from being released in the first place is showing patterns that might evidence exactly that.

Was that the reason they tried to keep it secret for 75 years?  I have no idea but a few well-placed subpoenas would bring truth into the light of day and given the data patterns obtaining them from any honest court following the filing of a lawsuit or criminal charges should not be difficult.  Where are they?

I said I was going to stop reporting on this stuff, and for the most part I have.  Why?  Because there's nothing to be done about it in terms of changing outcomes.  If you screwed yourself -- you're screwed.  If you "urged" or even mandated people do this nobody has or, it appears, will come after you and make you pay for the harm you imposed on others.  What of clownshow influence operations like Faux Snooz which in a sane world would be held liable for every single one of these deaths and injuries, never mind the wave of repeated infections only in the jabbed while they still cheer for the shots without a scintilla of concern for the fact that only time proves or disproves time-based outcomes, particularly when those parts of a process that would develop the seeds of such evidence are intentionally skipped?  We are no longer a nation that will exact punishment against corporate and political actors who hose huge numbers of people, even when the number screwed is into the many millions as is likely the case here.

When I first put up the "1 in 30" number I said that on a societal basis this means everyone, effectively, is going to know someone either directly or through an extended social chain (e.g. work, sports they play or other social activities) who gets hosed, either straight into the ground or with something really nasty medically that ruins their enjoyment of life.  Got a lot of pushback on that too with plenty of people saying they knew nobody who had been hurt and virtually all of their acquaintances had been jabbed.

How's that looking now?

How many of those who you know that are jabbed have gotten the virus anyway after taking the jab?  How many have gotten it more than once -- two, three, four times?

Let's just make this simple: If you were given a measles shot after being told it prevented the measles, and then you got the measles not just once but two, three or more times, would you let them get away with the lie, after the fact, that "well it would have been worse if I didn't take the jab"?  You know damn well that 10 or 20 years ago you would have turned anyone running that crap in public into hamburger and fed the remains to sewer rats.

Yet today you did let them get away with that.  And still are.

What's worse is that we knew that outcome was likely in the original trials too.  Not only was there decades of history in attempted coronavirus vaccines both in man and beast but there was no strong all-cause mortality benefit in the limited-time trials.  When it comes to giving anything to otherwise-healthy individuals in advance of illness only absolute risk-reduction on an all-cause basis matters and the data was that there was no statistical reduction in all-cause mortality during the original trials.

That by itself was enough for any rational person to prohibit mass roll-out until more evidence was available because if there's no strong statistical mortality benefit from a given therapy in a short trial you're stupid to use it as the potential for intermediate and long-term harm still exists and there is no evidence that the therapy keeps you from being deadwhich in the context of an alleged "deadly disease" is the determination of "success."  I remind you that dead is dead and why is immaterial; if a "therapy" prevents one death from a disease but causes one death itself then the net benefit is always negative because there is never a guarantee you'll get a particular disease but by definition you roll the dice on something you take into your body.

Then we did something even more stupid -- we destroyed the control group by giving them the shots, which made longer-term all-cause mortality comparisons in the study group physically impossible.  That act was intentional and you sat still for that too.

It took two decades to qualify the chicken pox vaccine in kids because the risk to kids of the actual infection is so small.  Thus to show net benefit against risk from that vaccine it required a lot of time.  Well, Covid-19 is approximately of the same risk to children as is chicken pox.  If you're a parent and jabbed your kid you are a ****ing idiot, a monster, or both.

Finally, if that all isn't stupid enough testing people without symptoms is wild-eyed crazy.  How many times do you think you've had some sort of detectable pathogen in your nose or throat but never had any symptoms?  I'll bet it happens once every week or two if not more-often.  As I noted when this all started by definition if there is no disorder in your body there is no disease; every living human (along with every other animal) craps out billions of viruses and bacteria every single day.  To claim you "have" something when there is no disorder in the body -- that is, no symptoms -- is an illness all right: Mental illness.

The bottom line is that you're weak, you're stupid, you refuse to hold anyone accountable for the two year+ long bull**** they ran on you and as a result you deserve every bit of what happens.  If you repeatedly get infected, and the evidence is that is exactly what these jabs are directly responsible for, eventually you're going to draw the short straw.  That ought to be obvious to anyone with an IQ larger than their shoe size, never mind the heart attacks, strokes, and the "died suddenly and unexpectedly" wave.

Good luck.

You're gonna need it.

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2022-05-16 08:40 by Karl Denninger
in Editorial , 666 references
[Comments enabled]  

This was pretty cool last night, right?


Except..... wait a while.  I got hammered by atmospherics when we had totality so sadly the photographic quality wasn't what I was hoping for.  30 minutes makes a difference sometimes, and last night it did.  Oh well.



See that?  No, not the moon with the shimmer (bummer, when you have to run a few-second exposure and atmospherics get you -- no, it really isn't out of focus) -- look more closely.

Specifically, see those streaks.

They're in every frame I took with totality, and they're moving which is why the streaks -- and with the bracketing I was doing they varied in length exactly with exposure.  Those aren't stars.

They ought to be rammed up Musk's ******* at 18,000 mph.

I would like to buy a few hundred pounds of BBs, along with a lift for them into low-earth orbit -- right at Starlink's altitude and in opposing orbit.  That ********** Musk has permanently ruined any time exposure astrophotography, in any part of the sky, forevermore.

I used to spend entire nights in the middle of the winter up north a few decades ago, when atmospherics were at their lowest, with a piece of film in a cold camera behind a 14" Celestron.  Exposures of 20 minutes, sometimes longer, on an equatorial mount tracking them by hand, which you have to because otherwise the slight eccentricity in the gearing screws your image.  Today the electronic alternative is dozens of exposures all stacked, using the power of computers to get rid of the sensor noise as its random and what you're shooting is not.  It gives you effective ISOs that are off the rack compared to the native resolving power of your eye, just as did the cold camera which neutered reciprocity failure that otherwise made exposures into the minutes pointless.

**** you Elon.  I hate you with a white-hot passion and that will never change.  Just a few short years ago my daughter and I went up to Algonquin in Canada where it is really dark.  I had mistakenly left the lens I wanted to use, and which is exceptional for dark sky photography at home, but we got to see it.  I wanted to take pictures of it, of course -- but now and forevermore into the future every single one of those photographs will be ruined by that bull****.  Nobody, ever, will be able to take that sort of image again; these streaks were with 4 and 8 second exposures and will be much worse as exposure time increases.  If Musk burns to death in a Tesla that spontaneously combusts I will cheer the flesh being broiled alive off every bone in his body.

That son of a bitch destroyed something that cannot be recovered, and he did it "because he could" without a care in the world for all those who were to come next and could never enjoy what used to be as a direct result of throwing trash into the sky that will forevermore destroy any sort of time-lapse astrophotography -- even of something as easy to "get" as a lunar eclipse.  Never mind all the *******s who deserve to have skull****ing made great again upon their eye sockets for issuing all the required permits related to same.

Once again from the bottom of my blackened heart and with every evil wish for Musk I can muster: **** YOU ELON.

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2022-05-16 07:40 by Karl Denninger
in 2nd Amendment , 732 references
[Comments enabled]  

Don't go looking for footage of the attack unless you're ok with seeing people be made dead by a nutjob.

And don't bother with his "manifesto" either; I've read part of it and it doesn't have an original thought in there.  However, it does make one declaration: One of the declared intents of this nutjob's action is to result in more "gun control."

The why is evident in the first seconds of his rampage.

The first person he shoots could have stopped him.  There wasn't a lot of time, but there was enough time.  And even if she (or the other person with their head in a trunk) had figured out what was going on and plugged him that would have been that.

Even if one or both had fired and missed he might have been put off his evil plan.  Certainly what would have been first and foremost in his mind would have been "Oh ****; I picked a place where carrying is common and, well, that store is probably full of people with GUNS!"

But..... this was New York where guns are, well, not very common and damn near everywhere has a "no guns allowed here, come on in and shoot our customers" policy.  Except among cops, of course, but they're easy to spot, aren't they?

Unlike Tennessee, which has no-permit-required carry, and.... well..... **** around at a grocery store here and find out.  Maybe I've got one in my waistband and maybe I don't.  Never mind the "little old lady" in the aisle with the other shopping cart in the aisle with me.

Perhaps in such a place you get lucky and everyone inside and in the parking lot is unarmed.  Or maybe not, and you take one in your head as soon as that rifle comes out of the car while you're attempting to shoulder it, and if they shoot at you and miss, well, everyone in the store knows you're coming and if any of them are armed you might get ambushed.  Which you deserve, by the way.

You can whine about "well if we just got rid of guns!" all you'd like but..... you will never get rid of guns.

Or SUVs for that matter, which are very effective in running people over.

It would be nice if there were no crazy people in the world.  That will never happen either.

It would be nice if we could figure out who the crazies are before they, well, crazy.  That will never happen either.

Oh by the way, stop the bull**** about how "body armor" for civilians is such a terrible thing.  A 9mm round has about 300ft/lbs of energy at reasonable distance.  An average punch from an average person carries about 100ft/lbs; 300 is getting into the realm of what a trained, professional welterweight boxer delivers.  Body armor stops the round from making a hole in you but the energy is still taken by your body so before you go bleating about body armor think about how well you could continue an attack after taking about the equivalent of a professional welterweight's punch to the chest because that's approximately what the impact will be if someone shoots you while you're wearing the stuff.

Where's the reporting on the Blue Zoos?  You know, Chicago for instance?  10 dead people sucks.  Why isn't 16 dead and 93 shot a bigger story than 10?  Or how about Milwaukee this weekend?  You know damn well what the difference is and why one is everything, everywhere and merits Biden going there tomorrow -- while the others are ignored.

Never mind the repeated failure of the "professional" police class to do their ****ing job which we continue to allow and continue to pay them despite the clear incompetence, cowardice or worse.  9/11 and rag-headed nutjobs paying for simulator time with rolls of $100 bills and no desire to learn how to land the plane?  That was called into the FBI and they ignored it.  This guy was allegedly sent for a "mental exam" over alleged threats to shoot up a school.  The nutjob in Florida was repeatedly reported for acts that were quite-clearly felonies and never charged or convicted, say much less locked up.  When said nutjob did shoot up the school one of the cops who was there and was armed cowered outside behind hard cover and let him rampage through the place.  How about Ruby Ridge and our so-called "professionals" who shot an unarmed woman carrying a baby?

Lots of things would be nice.

But history is what it is; there have always been evil people and there have always been crazy people.  To both life is cheap, maybe entirely disposable.  Further, history shows that the so-called "professional" police class are often wildly out of shape, suck at marksmanship despite it being their ****ing job, shoot at non-dangerous unarmed people, or cower in fear rather than put their own ass on the line when bad things go down and that's if they bother to investigate at all.  Said "professional police" class is very good at exactly one thing: Fitting you for a toe tag and writing a report after some random ******* makes you dead.

It has always been the case that defense of self is, well, the responsibility of self and not someone else.

It has always been that way and always will be that way so your options are to accept reality or be someone's pincushion when they decide that you are to be, with no effective means of stopping them.

Whether their pin is a round out of a gun -- or a needle in the hand.

PS: Does this clown have a history of SSRI use?  You know reporters won't ask -- but I certainly will -- and am.

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