Category: Uncategorized

BRICs has always been a joke

The hype over BRICs has always been stupid and does not threaten the US dollar or US economy hegemony or deserve as much hype as it has gotten. According to wiki: BRICs is a grouping of the world economies of Brazil, Russia, India, China, and South Africa formed by the 2010 addition of South Africa… Continue reading BRICs has always been a joke

Corporal punishment is not a good deterrent, and is a poor substitute for prisons

I saw this video by Marcel Gautreau, who argues that prisons ‘do not work’, are inhumane, and advocates for something better, like corporal punishment: I came across Mr. Gautreau a few weeks ago when one of his articles went viral. He is a PhD candidate at George Mason University, and runs a Substack blog, Dispatches… Continue reading Corporal punishment is not a good deterrent, and is a poor substitute for prisons

Crypto crash resumes: The future is not crypto, but instead big tech companies

After a brief attempt at a reprieve yesterday, the death spiral resumes: That is why I don’t sweat it, cuz gains never hold in the world of crypto, in which whoever loses the least amount of money is the biggest winner. If you broke even on your crypto investment, consider yourself among the lucky few.… Continue reading Crypto crash resumes: The future is not crypto, but instead big tech companies

The Daily View: 8/22/2013

1. The crypto crash continues exactly as I said last week it would play out. There is no bounce after the initial crash to $26k…just a gradual slide lower, to $10k or wherever the eventual bottom is. As shown in the screenshot below of the past five days, no bounce at all: When the death… Continue reading The Daily View: 8/22/2013

Elon calls the shots

This week Elon has managed to piss off both sides of the aisle, first ‘the right’ by his proposal to disable the Twitter block button, which led to a public spat with the 180 IQ James Woods [1], and then ‘the left’ by throttling traffic to websites he personally dislikes, such as Reuters and the… Continue reading Elon calls the shots

Crypto meltdown, ESP, Veritasium IQ video

Bitcoin now crashed to $26,300 (make that $25,700 as of hitting the publish button), which is even lower than I was expecting, and so soon: JUST IN: #Bitcoin falls under $26,000. pic.twitter.com/jReavH7d2f — Watcher.Guru (@WatcherGuru) August 17, 2023 The forecast couldn’t have gone better. The price imploded in the hours after making my post yesterday,… Continue reading Crypto meltdown, ESP, Veritasium IQ video

IQ is not just predictive at the low-end

Some psycholophaster went after my critique of IQ… proving my point that it is a measure of unintelligence, not intelligence.Simply, things that work in the negative domain must not be applied to the positive domain. pic.twitter.com/AGc472ZP4r — Nassim Nicholas Taleb (@nntaleb) August 14, 2023 A “psycholophaster,” or in other words, someone who is right. If… Continue reading IQ is not just predictive at the low-end

SBF bail revocation throws water on notion of democratic privilege or favoritism

A few days ago, Sam Bankman-Fried, aka SBF, the putative ringleader of the FTX fraud and collapse, was ordered to jail for violating his bail conditions for allegedly leaking some information about the star witness of the prosecution (who is also his ex-girlfriend), Caroline Ellison, to the NYTs. As everyone cheered this on, Trump who… Continue reading SBF bail revocation throws water on notion of democratic privilege or favoritism