danielschonfeld

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31.
by danielschonfeld 4y ago
“…The result is that too few deals are being struck and everyone is suffering…” Interesting conclusion. I wish I could understand how we even got to the point where CEO and employee pay disparity are 1000%. With that kind of disparity how d
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by danielschonfeld 4y ago
You’ll be surprised. Some vegan friendly foods which are delicious are packed with more than 1x your daily value in a single serving. So if you eat two a day for instance the levels of estrogen you’re pumping in are quite significant and ve
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by danielschonfeld 4y ago
I am no money master but I’ll take a shallow stab at it. Triffin explains the trade deficit perfectly. I’ll quote from Wikipedia: “…that the country whose currency, being the global reserve currency, foreign nations wish to hold, must be wi
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by danielschonfeld 4y ago
> in the past 2 years alone the US has printed nearly 80% of USD in existence Often cited and incorrect metric. The fed changed how the count M2 I believe because they started paying interest on reserves during their response to the COVI
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by danielschonfeld 4y ago
Generally speaking yes. If from your question I deduce that you’re worried about how much we already “printed” then do some googling over why the common citing of growth of M2 chart is interpreted wrong. Spoiler - we didn’t print nearly as
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by danielschonfeld 4y ago
Because the world has an anemic shortage of dollars. The reason for that is post 2008 banks have become much more risk averse (seeing what happened to Lehman et al) and they are mostly the conduit through which broad currency is generated.
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by danielschonfeld 4y ago
It has everything to do with USD dominance. Ghana is shouting out loud I can’t get my hands on USD. They’re echoing what the global market in general has been pricing. Now true, having your product be a hot commodity everybody wants is good
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by danielschonfeld 4y ago
And there in lies the rub. To keep countries placated we need to create more debt, a metric ton of more debt and hence more broad currency. But doing so at the moment is political suicide as is proven by the left's efforts (deficit s
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by danielschonfeld 4y ago
Right and while being the best within the choice of currencies we currently have, it has proven time and again that it’s pretty miserable at balancing the needs of the world while acting as a global reserve currency vs balancing the domesti
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by danielschonfeld 4y ago
Another interesting facet is that US debt (and other sovereign debt) is also used as an oil of sorts to lubricate the wheels of the global monetary system. At the moment not enough US debt is being produced to satisfy demand.
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by danielschonfeld 4y ago
Should be very interesting to see a world where the USD isn’t the only game in town. A new world reserve currency sounds like a dream.
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by danielschonfeld 4y ago
In the same token it would be amazing if doctors in America tried calling their own office pretending to be someone else and see what it’s like to make an appointment to their office. Same with filling their forms for the first time (procee
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by danielschonfeld 4y ago
I think we are saying the same here. Yes it’s 100% about keeping the conflict alive and thereby keeping your reins on power. By default I mean that before modern times, in the past, when the country was young it was about survival and hence
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by danielschonfeld 4y ago
The Israeli conflict is only about land by default. Because if one or the other gives up, they have nowhere to live. Everything else is money and the stories we tell ourselves and they tell themselves around procuring more of it. Money and
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by danielschonfeld 4y ago
I think the biggest and also least attributable benefit of it was it enabled the Venicians of Venice (iirc?) to create money, outside of what hard currency allowed at a time and with it opened the world of financing. By create money I mean
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by danielschonfeld 4y ago
No money is created by QE in fact for the most part QE’s only effect is to tighten an already strained system struggling with “money” shortages.
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by danielschonfeld 4y ago
There’s plenty of that stuff. Jabber and XMPP. And also more up to date is Matrix.org which nobody seems to want to use and I’m not sure why. The problem though is that you’re still trusting the code. Nothing stops self hosted from rotting
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by danielschonfeld 4y ago
What will it finally take to cut this cancer called “healthcare” in the United States? There is nothing promoting health or care in it
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by danielschonfeld 5y ago
what jet fuel? no airplane hit WTC7 and to add to that, i believe NIST used the term "regular office fires" (... brought down building 7...) in their presentation.
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by danielschonfeld 5y ago
You're assuming the fire would burn all the columns at the same rate at the same time, that's not what empirically is seen at other building fires. For reference please google Grenfell Tower Fire. Or in China, the Mandarin Orient
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by danielschonfeld 5y ago
If you're going to quote Silverstein and give him the benefit of the doubt, then at least quote the full quote. The end of your quote is "... and then we watched the building collapse..." leading you to understand that he&#
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by danielschonfeld 5y ago
Should be very simple then to produce a model that would look like the actual video footage of the building's collapse in the real world wouldn't it? Yet here we are, 20 years later with no such model...
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by danielschonfeld 5y ago
Except that two people who were in that building, both claim a stairwell exploded under their feet before the towers came down. Not that the towers coming down should have anything to do with an explosion inside WTC7 but regardless, some
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by danielschonfeld 5y ago
That's fine, you can sit high and mighty on your chair. I'm sure as in most things life, it will reward you with a fresh batch of what you call suckers (aka people who have no other choice) to exploit. Generally speaking though,
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by danielschonfeld 5y ago
The comments in this thread prove yet again that economics is a far cry from any science. Nobody really understands why this system of credit actually works as well as it does and even more troubling is what will be it's next iteratio
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by danielschonfeld 5y ago
I think the example might be contrived but the point was that any bank operation eventually comes back to the settlement layer being reserves and since those get settled at a later time an opportunity for money creation mechanism presents i
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by danielschonfeld 5y ago
Spoken like a true boss who can’t even begin to understand the emotions conveyed by employees at the bottom of the chain.
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by danielschonfeld 5y ago
> It almost feels as though economics discussion is made complicated on purpose Mostly because finance as much as financiers desperately want it to be a science it isn’t. For the most part they’re guessing in the dark and presenting it l
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by danielschonfeld 5y ago
Feels like there might be more to the story than is being let on. Curious why the PF has to specifically ask before landing for the spoilers to be called, to tell if he's touched down. AFAIK it's actually common Airbus procedure
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by danielschonfeld 5y ago
Similar naming scheme, but actually its normal and alternate break systems. Powered by different hydraulic systems. Not to be confused with flight control laws, normal, alternate and direct. One isn't necessarily related to the other.

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