Fkn A, thanks Rudy. Only catching up now on substack. Lot happening here regarding vulture funds. Seems Irish Government gave them charitable status to avoid taxes. Still can't believe it. 2 men are bringing it, amongst other things, to (trying) public attention. MSM avoiding it. Could be huge.
I went to the office today and dropped $50 ... two coffees, lunch and parking. And doesn’t include the diesel. Admittedly I bought my son lunch but still ... that said, was in Sydney last weekend and all the restaurants and cafes were really buzzing. I don’t get it , unless it’s all on credit card.
"What must have happened, she thought, was that after Wells died, scientists inside the CDC conflated his observations. They plucked the size of the particle that transmits tuberculosis out of context, making 5 microns stand in for a general definition of airborne spread. Wells’ 100-micron threshold got left behind. “You can see that the idea of what is respirable, what stays airborne, and what is infectious are all being flattened into this 5-micron phenomenon,” Randall says. Over time, through blind repetition, the error sank deeper into the medical canon. The CDC did not respond to multiple requests for comment. "
"In July, the two women sent slides to Anthony Fauci, director of the National Institutes of Allergy and Infectious Diseases. One of them showed the trajectory of a 5-micron particle released from the height of the average person’s mouth. It went farther than 6 feet—hundreds of feet farther. A few weeks later, speaking to an audience at Harvard Medical School, Fauci admitted that the 5-micron distinction was wrong—and had been for years. “Bottom line is, there is much more aerosol than we thought,” he said. (Fauci declined to be interviewed for this story.)... Still, the droplet dogma reigned."
I learned a new financial term today: Irish Wanking Bankers. Perfect description. Maybe you could work with Prof Dave to develop a Wanking Banker's Index to go with your excellent assortment of charts?
Other than Indy Mac in 2008, all depositors, even those over the limit, in FDIC banks have been made whole. In fact, what occurred with SVB etc was not an anomaly, as some have wrongly claimed. It has been SOP, exception noted above. Since the inception of the FDIC no bank failure has resulted in the much touted (on the YT fear porn channels) bail in, exception noted above.
I agree with your premise. If you are under the limit (which can actually be way more than 250k, nearly everyone gets this incorrect) you will get your money back. It might not be worth much. Maybe it’ll be digital. But you’ll get it back.
In regards to Webb. I am going to try and do some research. I don’t know much about securities law. I do know that what he says about the DTCC is mostly correct. As a SH you don’t “own” the shares. I think others are looking into his claims as well. Let’s see what we learn over the next few weeks.
Wow. Thanks for letting me know. That is really interesting. Those were crazy times. We bailed out of our house. Sold short. Moved onto our sailboat with a 5 year plan. 14 years into our 5 year plan we are trying to figure out what’s next!
Curiousity question. Have you ever read any of Dave McGowan’s work? He died young in 2016, but he wrote some incredible stuff. One of the OG ‘conspiracy’ guys. If you have not I’ll send you a link. I think you might enjoy some of his stuff.
I have McGowan's book, "Weird Scenes Inside The Canyon" but have not read it yet (a long queue).
I just got lucky with Indymac (and Downey Savings) shorts back in the day. I covered too soon. I have not shorted any stocks since. Rarely I may buy puts now, but I'm very long.
A that is excellent. Website below. His daughter has kept it going via book sales and donations. The book is based on a series of articles, that eventually he turned into a book. The book has a lot more detail and background. But the articles are easier to read in bite size pieces. I probably read the article series 3 times before I read the book. His work on the Boston bombing is incredible. But the Canyon story is crazy. As a music lover, you will never look at your favorite band in the same way again. You’ve been warned. Hehe.
I just finished Official Stories (Liam Scheff). He also died way too young. We could use both Liam and Dave today. Just getting started in on 180 Degrees (Feargus O’Connor Greenwood). Thankfully he is still alive.
I only short Nat Gas. Never very successfully but it’s mostly for amusement. My attention span is too short to be a trader. Plus when we are travelling on the boat a lot of time we either can’t get internet or its cellular and slow or it satellite and $5 per minute. Not real conducive to looking at charts. LOL.
Indeed. You are most welcome. I’m about 1/3 of the way through. Not an easy read, relative to the other two we mentioned. Both of those I read in one sitting. Both cost me a night of sleep. But it’s definitely one that is so relevant to nearly everything happening on the planet.
Fkn A, thanks Rudy. Only catching up now on substack. Lot happening here regarding vulture funds. Seems Irish Government gave them charitable status to avoid taxes. Still can't believe it. 2 men are bringing it, amongst other things, to (trying) public attention. MSM avoiding it. Could be huge.
Website set up for public affected by potential vulture funds fraud.
https://twitter.com/TransparencyTF/status/1755195771186463231?s=19
I went to the office today and dropped $50 ... two coffees, lunch and parking. And doesn’t include the diesel. Admittedly I bought my son lunch but still ... that said, was in Sydney last weekend and all the restaurants and cafes were really buzzing. I don’t get it , unless it’s all on credit card.
The origins of the "6 ft apart" rule is a rabbit hole. This is the best article I've found summarizing it:
www.wired.com/story/the-teeny-tiny-scientific-screwup-that-helped-covid-kill/
Note the article date.
-----------------
"What must have happened, she thought, was that after Wells died, scientists inside the CDC conflated his observations. They plucked the size of the particle that transmits tuberculosis out of context, making 5 microns stand in for a general definition of airborne spread. Wells’ 100-micron threshold got left behind. “You can see that the idea of what is respirable, what stays airborne, and what is infectious are all being flattened into this 5-micron phenomenon,” Randall says. Over time, through blind repetition, the error sank deeper into the medical canon. The CDC did not respond to multiple requests for comment. "
"In July, the two women sent slides to Anthony Fauci, director of the National Institutes of Allergy and Infectious Diseases. One of them showed the trajectory of a 5-micron particle released from the height of the average person’s mouth. It went farther than 6 feet—hundreds of feet farther. A few weeks later, speaking to an audience at Harvard Medical School, Fauci admitted that the 5-micron distinction was wrong—and had been for years. “Bottom line is, there is much more aerosol than we thought,” he said. (Fauci declined to be interviewed for this story.)... Still, the droplet dogma reigned."
New (paid) subscriber: Very informative collection of data points. Memes make it fun too. Thank you!
The latest season of Fargo was excellent.
I particularly loved the ending scene with Moonch.
I learned a new financial term today: Irish Wanking Bankers. Perfect description. Maybe you could work with Prof Dave to develop a Wanking Banker's Index to go with your excellent assortment of charts?
Other than Indy Mac in 2008, all depositors, even those over the limit, in FDIC banks have been made whole. In fact, what occurred with SVB etc was not an anomaly, as some have wrongly claimed. It has been SOP, exception noted above. Since the inception of the FDIC no bank failure has resulted in the much touted (on the YT fear porn channels) bail in, exception noted above.
I agree with your premise. If you are under the limit (which can actually be way more than 250k, nearly everyone gets this incorrect) you will get your money back. It might not be worth much. Maybe it’ll be digital. But you’ll get it back.
In regards to Webb. I am going to try and do some research. I don’t know much about securities law. I do know that what he says about the DTCC is mostly correct. As a SH you don’t “own” the shares. I think others are looking into his claims as well. Let’s see what we learn over the next few weeks.
I was short Indymac, and advised people at the time to get their uninsured money out.
Wow. Thanks for letting me know. That is really interesting. Those were crazy times. We bailed out of our house. Sold short. Moved onto our sailboat with a 5 year plan. 14 years into our 5 year plan we are trying to figure out what’s next!
Curiousity question. Have you ever read any of Dave McGowan’s work? He died young in 2016, but he wrote some incredible stuff. One of the OG ‘conspiracy’ guys. If you have not I’ll send you a link. I think you might enjoy some of his stuff.
I have McGowan's book, "Weird Scenes Inside The Canyon" but have not read it yet (a long queue).
I just got lucky with Indymac (and Downey Savings) shorts back in the day. I covered too soon. I have not shorted any stocks since. Rarely I may buy puts now, but I'm very long.
A that is excellent. Website below. His daughter has kept it going via book sales and donations. The book is based on a series of articles, that eventually he turned into a book. The book has a lot more detail and background. But the articles are easier to read in bite size pieces. I probably read the article series 3 times before I read the book. His work on the Boston bombing is incredible. But the Canyon story is crazy. As a music lover, you will never look at your favorite band in the same way again. You’ve been warned. Hehe.
https://centerforaninformedamerica.com/inside-the-lc-the-strange-but-mostly-true-story-of-laurel-canyon-and-the-birth-of-the-hippie-generation-part-i/
I just finished Official Stories (Liam Scheff). He also died way too young. We could use both Liam and Dave today. Just getting started in on 180 Degrees (Feargus O’Connor Greenwood). Thankfully he is still alive.
I only short Nat Gas. Never very successfully but it’s mostly for amusement. My attention span is too short to be a trader. Plus when we are travelling on the boat a lot of time we either can’t get internet or its cellular and slow or it satellite and $5 per minute. Not real conducive to looking at charts. LOL.
Go Lions!
Thank you. I have 180 degrees also (mostly unread)
Indeed. You are most welcome. I’m about 1/3 of the way through. Not an easy read, relative to the other two we mentioned. Both of those I read in one sitting. Both cost me a night of sleep. But it’s definitely one that is so relevant to nearly everything happening on the planet.
Red Sea shipping. And shipping in general. Follow "What's going on with shipping" on YouTube. Sal M is an excellent overview of shipping in general.
Yes, just heard a podcast with him
And yet Fauci walks around as a extremely wealthy man celebrated in elite circles. Can this f'n empire collapse already!