than3

15 ms·

61.
by than3 3y ago
I guess I'll have to come back to this when I'm fresh as it is getting late here. I still don't see how I"m arguing against the solution but I'll re-examine later. > Bagehot I will, and thank you for the suggesti
62.
by than3 3y ago
> This has literally never happened in the US over the last 100 years. You know what's also literally never happened in America. Converting a fractional to a non-fractional reserve banking system under the nose of the general public
63.
by than3 3y ago
Now it lets me respond... anyway, I ran into a character cap earlier on my edit or the time ran out. Regarding your Assets minus liabilities that's not strictly true. Its my understanding that bond assets are considered statically valu
64.
by than3 3y ago
The point is they can't do it to all their clients. Government can. The bar for proving intent is very high. Its why most defamation suits fail. > A public institution has to... No, they don't have to do anything. Look at Calif
65.
by than3 3y ago
Thanks. I loved the thread its spot on about replicator technology.
66.
by than3 3y ago
> Has nothing to do with bank capital requirements in general. We'll have to disagree. The moment the framework allowed market exposure in lieu of a capital reserve (in whole or part) it became inseparably linked as it impacts the b
67.
by than3 3y ago
Yes, that is insufficient, reporting is opaque, and creates many more additional threats to the health of the banking sector. Bank of International Settlements has a more accurate rundown. Most of the requirements are only applied to G-Sibs
68.
by than3 3y ago
What's nonsense is Basel III using market capitalization as fulfilling capital reserves. Those asset classes are heavily collateralized. If you want to get technical, what really happens when you convert the same underlying asset to be
69.
by than3 3y ago
My experience of unions in general is more akin to the corrupt demagogues of Rome, or the corrupt magistrate of Japanese historical drama. Initially they were an alternative, but no longer given current case-law relating to corporate sovere
70.
by than3 3y ago
Its not fractional. Its 0%, see FDIC website on monetary policy. Also, the executives from those banks received compensation packages and structured equity sales prior to the banks failing. They did make out like bandits, and congress was
71.
by than3 3y ago
That's just crazy, or shill talk. Anyone saying something like that clearly has absolutely no clue or concept what the counter-party risks of doing so are nor how bureaucracies actually work in practice. Just promoting that kind of nar
72.
by than3 3y ago
As you say, its not a new plan. First comes concentration and consolidation, being close to the money supply provides benefits not available to others. The bail-out game repeated every 8-10 years. Then when that can no longer be done, in th
73.
by than3 3y ago
Thomas Paine had a few choice words to say in answer your question, though I won't repeat them here. I don't agree with him on that point, but I haven't come across any other practical wisdom that accounts better for how to d
74.
by than3 3y ago
Yes, this is how its been classically taught, but it hasn't been true for some time now because they removed deposit reserve requirements in 2020 (set it to 0% and haven't changed it back). Basel III utilizes complex risk formulas
75.
by than3 3y ago
> Money is created when debt is issued and it is destroyed as the debts are repaid. fourier, fundamentally the quoted statement is wrong except in a very narrow niche. Its a overgeneralization that ignores core principles. There's n
76.
by than3 3y ago
I agree it seems farcicle but it will inevitably creep in regardless with any centralized system, simply as turnover of people's roles to younger overseers without the benefit of experience occurs. Self-limiting and enforcing limits is
77.
by than3 3y ago
You are mistaken in outcome, but you are not wrong that we do have a corruption problem. Unfortunately, corruption is endemic in any political system. Socialism also isn't a solution. Someone has to pay and be held accountable. As long
78.
by than3 3y ago
The problem with 'consensus' as a whole is, its not always possible. Just because you do something doesn't mean you agree with it.
79.
by than3 3y ago
> A large percentage of divorces are due to financial disagreements. That's putting it delicately. Quite a number of judges have straight out ruled that prenuptial agreements are not binding making this a free for all. The resulting
80.
by than3 3y ago
> And you want us to reach life milestones sooner? Its pretty clear based on the conclusions of the article that the author doesn't have much credibility. Don't forget, there's no guarantee college = paying job. Its been s
81.
by than3 3y ago
> What's today's trends with people going for advanced or professional degrees? The vast majority don't actually make it through to graduation. In a 6 year period , something like 12-20% graduate for a 4 year degree depend
82.
by than3 3y ago
Unfortunately the data is matched against the poverty line which is a bad measure when the cost of living is significantly higher than the poverty line. You'd probably see a much larger statistically significant move towards the negati
83.
by than3 3y ago
This was done in the past. Money lending (usury) was outlawed. For 100+ years, interest above a certain percentage was outlawed until congress created a exclusion loophole for federal financial institutions. If you haven't already read
84.
by than3 3y ago
Trust is a fickle thing, and requires credibility.
85.
by than3 3y ago
> Do you really trust China to manage the World's currency? No, they have terminal credibility issues when it comes to how they handle things, and its real hard to support something like that when you have no laws protecting foreign
86.
by than3 3y ago
This article has some significant misunderstandings about how these things actually are. The only potential reason would be to mislead the reader because it surely does not educate when a significant portion of what's said is wrong in
87.
by than3 3y ago
Don't forget the circumlocution that needs to happen sometimes. "Have you tried turning it off and on again?" I've already done that multiple times... (Console shows uptime on device is 12 days 4 hours 31 minutes). Ok, I
88.
by than3 3y ago
Highly intelligent people often suffer from these crises because they see more than most people, and have an unfortunate knack for predicting it right. While feasible, you can't really call living in a panopticon actually living. You h
89.
by than3 3y ago
> Personally I believe members of that group to be below valueless. Well, this seems like an extreme attitude that doesn't account for a large swath of how the world actually works, and is often gotten to that point by personal bias
90.
by than3 3y ago
I really hate people that idolize other people that get it wrong just as much as they get it right. The baby boom generation isn't retiring, they are rapidly dying because they are now in their 70s/80s and that's what happens

More ›