mircea_popescu: asciilifeform spontaneous tone poemz by two kids making a random cartoon show out of their bedroom.
mircea_popescu: (actually the correct quote is "Foca:De ce? Mo:De tot, debarcader, de verde, ce-i iarba, de maine incepand, de treci codrii de arama, de departe, vezi aproape, destoinic, deranjat la ficat." but anyway)
BingoBoingo: I was under the impression survival didn't require resurection after dying on the cross
mircea_popescu: "de ce ?" (why ?) "de tot (forever). debarcader (drydock). de verde ce-i iarba (for grass is green). de treci codrii de arama (if you pass the bronze forrest (literary reference)). deranjat la ficat. (upset liver)."
BingoBoingo: <mircea_popescu> heck, idish died but hebrew fucking survived! fancy that. << It didn't survive. They found a corpse and built around it.
mircea_popescu: i don't know the greek situation well enough to quote chapter and verse past the general impression, but as to romanian i can sign you a warrant. robotzi is strictly sufficient proof, for decades, perhaps a century.
mircea_popescu: the chinese are doing fine, the russians are doing fine, even the fucktarded greeks or romanians are doing fine.
mircea_popescu: the once great french nation is going the way of all other failed experiments - austro-hungarian, united-statesian, whatever.
mircea_popescu: languages spoken by proud elites of actual nations do greatr. whether the pride is justified or not, and irrespective of what it does to the country otherwise.
mircea_popescu: languages go to shit for two reasons. the main one is, elite being humble. the secondary one is, no nation.
mircea_popescu: that may seem like the driver of language shittyfication but it is not.
asciilifeform: mircea_popescu: not as strong a tradition there - yet - of 'everybody gets to write'
mircea_popescu: the criteria is, whether the remaining 5% are entusiastically sucking the cock or not.
mircea_popescu: that's not the criteria.
BingoBoingo: Well the best time to start building 500 years of prison culture in Esparanto is Today. Next best time tomorrow.
mircea_popescu: langage breathes.
mircea_popescu: wake me up when there's a 500 year tradition of prison culture in esperanto.
mircea_popescu: "considering how sparkling he was in english, reading the flat clumps of russian slag he puts out was quite the disappointment"
mircea_popescu: (tbh, i think i'm buying a lot of time with my willingness to engage the frivolous, but maybe i'm just reading ideology into reality)
BingoBoingo: Well you are creating a dataset. Probably bought yourself some time with the language switch.
mircea_popescu: obviously this is a poorly researched field, for lack of substance to study. but particularly interesting to me for the obv reasons
mircea_popescu: <punkman> Rao's markov output. << i wonder if this is the necessary fate of all long running "idea" blogs on the internets.
mircea_popescu: jurov no! RUNNING THE COMPILER! :D
mircea_popescu: BingoBoingo " The severity of the flaw though is such that when triggered it can edit any file on the affected machine including files." wtf is that mean
mircea_popescu: asciilifeform i'd expect by now most of the "no go" zones openly advertise "see a cop ? kill a cop" policies.
mircea_popescu: they don't get enough credit for this.
asciilifeform: 'The teenage mechanical engineering student, who set up the killer machine as part of college class project, was charged with two counts of assault, interfering with a police officer and failure to obey an officer's signal, after refusing to turn himself in on an outstanding warrant and attacking the officers in question "repeatedly".'
mircea_popescu: Malwarebytes only noticed the flaw being actively exploited because a particular piece of adware had edited the sudoers file on a testing environment << lmao.
mircea_popescu: da fuck, why are they so slow ?
mircea_popescu: Malwarebytes reports (archived) that a vulnerability in Apple's latest version of OS X which was reported to exist last month on Stefan Esser's blog (archived) is now appearing on malware in the wild.
asciilifeform: ~not for the stunt itself~
BingoBoingo: In other news look which forum/dice derp is apparently no frozen to death in Canada https://bitcointalk.org/index.php?topic=1142879
BingoBoingo: Was a bit slow earlier it seemed. Just now reaching the inaccessible phase
gribble: The operation succeeded.
gribble: Error: The "Later" plugin is loaded, but there is no command named "tel" in it. Try "list Later" to see the commands in the "Later" plugin.
gribble: WARNING: Currently not authenticated. Trust relationship from user mircea_popescu to user belxjander: Level 1: 0, Level 2: 0 via 1 connections. Graph: http://b-otc.com/stg?source=mircea_popescu&dest=belxjander | WoT data: http://b-otc.com/vrd?nick=belxjander | Rated since: Wed Dec 4 14:43:24 2013
mircea_popescu: pete_dushenski heh the editor's getting belted.
BingoBoingo: Well we are coming up on the one year anniversary of Ferguson going up in flames.
shinohai: fight the power
BingoBoingo: ^ Police grabbed him, and as they were arresting him, Labriado yelled several times that "This is for the black people!"
BingoBoingo: http://www.stltoday.com/news/local/crime-and-courts/man-claimed-he-rammed-st-louis-police-car-for-the/article_fed4cbc2-24d1-585c-a2d4-2ab5f853644d.html
cazalla: http://log.bitcoin-assets.com/?date=04-08-2015#1223743 <<< is that the local strip joint you like? :P
cazalla: either this coming weekend or next
cazalla: BingoBoingo, sounds yum.. i'm just about ready to get some spring veg into the seed propogator (warm mat and shit)
punkman: http://log.bitcoin-assets.com/?date=04-08-2015#1223913 << I liked it back in 2009, and it seemed slightly derpy then. but I can no longer read Rao's markov output.
assbot: Logged on 04-08-2015 04:16:26; mircea_popescu: romanian fucktarded kids did this to death. went to work abroad - sucked septuagenarian cock on cruise ships, manned boats off alaska, whatever, came back with a 20-50-70k and then... OPENED A RESTAURANT
punkman: http://log.bitcoin-assets.com/?date=04-08-2015#1223776 << same here. and I go to that stupid restaurant at 00:40, there's 4-5 tables still waiting for food, but the motherfucker has the nerve to say "sorry kitchen's closed".
assbot: Logged on 03-08-2015 17:36:33; trinque: punkman | trinque: consider the case where your meat-wot is "businessmen" in Luxor << can probably be milked for some kind of value; if that's all ya got, that's all ya got. better than nothing
assbot: Logged on 04-08-2015 00:51:27; mircea_popescu: http://log.bitcoin-assets.com/?date=03-08-2015#1223213 << iirc you got a bitcoin for running the windows compiler, and didn't even get pushed to do the os/x or die. my memory betrayin' me or something ?
jurov: http://log.bitcoin-assets.com/?date=04-08-2015#1223457 was half a bitcoin per shitplatform. and lel "running the compiler"
assbot: Logged on 04-08-2015 00:28:01; mircea_popescu: the latter is guaranteed to take a while. the former may take even longer depending on how familiar you are with mashing computers into shape.
cazalla: http://log.bitcoin-assets.com/?date=04-08-2015#1223409 <<< the guides help but isn't enough to get it over the line for me so until i can build it by myself, i'm stuck using what is available to me
assbot: Logged on 03-08-2015 14:06:53; asciilifeform: http://log.bitcoin-assets.com/?date=03-08-2015#1223002 << at this point i gotta ask, why are any of you still using the phoundation turd for anything
cazalla: http://log.bitcoin-assets.com/?date=03-08-2015#1223127 <<< as much as i'd like to fuck a different woman each night, i usually settle for a tissue.. who knows maybe i'll get lucky on the weekend when/if i try to get the foundation's client up and running
pete_dushenski: what, you think i run the latest ?? pah.
Belxjander: okay...as soon as I can then...preferably with my desktop and not from this tablet and rpi-znc setup
pete_dushenski: no matter. just get in the new wot
Belxjander: then I'll screengrab this for now and get to that sometime after getting online at my new address then
pete_dushenski: bwahaha now there's a badge of dishonour.
pete_dushenski: you also need to register in the new assbot wot
pete_dushenski: aha. you're in the old gribble wot.
gribble: WARNING: Currently not authenticated. Trust relationship from user pete_dushenski to user Belxjander: Level 1: 0, Level 2: 0 via 1 connections. Graph: http://b-otc.com/stg?source=pete_dushenski&dest=Belxjander | WoT data: http://b-otc.com/vrd?nick=Belxjander | Rated since: Wed Dec 4 14:43:24 2013
assbot: Biting Into The WoT Elephant (And IRC Nicknames) | Contravex: A blog by Pete Dushenski ... ( http://bit.ly/1JJrOAG )
pete_dushenski: also, obligatory : http://www.contravex.com/2014/03/31/biting-into-the-wot-elephant-and-irc-nicknames/
Belxjander: I'm in the middle of moving so don't really have time to mess with everything until after getting network access sorted at the new place
pete_dushenski: Belxjander: then you must be joking about not knowing what the wot means if you've been 'reading here a long time'
Belxjander: thank you for the temp voice...
pete_dushenski: also, "enligthened restraint"
gribble: The operation succeeded.
BingoBoingo: !up TheRealJohnGalt
BingoBoingo: Only in East Saint, the body on the road being a carjacking ruse is more novel than there being a body on the road http://www.bnd.com/news/local/crime/article29695969.html
pete_dushenski continues reading the latest trilema, searching for mountain bike rentals, and hunting for the right air-cooled porsche deal
pete_dushenski: gernika: "no one NEEDS a ferrari anyways, they're just for showing off"
mircea_popescu: employees going their own way!
pete_dushenski: no perspective, some imagination, and *poof*, magical stories that conveniently assuage the ego.
mircea_popescu: as if she wouldn't just take them off herself anyway
mircea_popescu: all these complex (wholly self-contained) mind games to hack the girls panties from offa her fanny
pete_dushenski: "my betters suck, they just can't see it like i do"
mircea_popescu: because it's dunning-kruger all through. the dumbass who sucks at life can't correctly evaluate wqhat the people better than him are doing so they ARE better than him. and so he doesn't understand why they get promoted and laid.
mircea_popescu: anyway. have you happened to at any point notice the similarity between the "companies promoite the wrong people - not me!" and the usual complaint trhe same people make about women "they fuck jerks instead of seeing how much of a great sense of humor i have" ?
mircea_popescu: this is almost like trying to understand whether alf is a programmer by asking his girlfriend whether he likes the eggs runny.
gernika: pete_dushenski: cool. I think my problem with Rao now is that he bases the Gervaise Principle off of The Office which was written by kids like B.J. Novak - and how the hell does he know anything about what executives do? He may, I just don't see how he got the knowledge.
pete_dushenski: heh. 7.3 gh/s gets you 10.5% of the ethereum mining power and the top individual miner spot.
gernika: pete_dushenski anyway I admit I was fond of the Gervais Principle, and it gave me a model to try and think about wtf executives and managers do all day.
pete_dushenski: gernika: eh, they're more twitterati ftr, for what little difference that makes.
gernika: pete_dushenski sadly unfamiliar with their work. I totally missed out on the tardstalk madness.
gernika: mircea_popescu: somehow they lead me here. They got me thinking at least. Or at least trying to.
pete_dushenski: i honestly just stumbled across this rao dude today and he happened to serve up the right fodder at the right moment. so i fired, fired, fired away.
gernika: pete_dushenski: http://www.ribbonfarm.com/the-gervais-principle/
mircea_popescu: in other news, review of various wallets etc shows that most of my bitcoin are over 500 days old. holy shit i need larger blocks imminently!
mircea_popescu: and then fucked everything up.
pete_dushenski: "What we - and yes, I include myself firmly in this much despised camp – view as degeneracy are the expected developments ; that is, the highly predictable and completely foreseeable destruction wrought by making good things “accessible” and “easy-to-use.”" << this is what stands from plato's lament
mircea_popescu: except apparently doesn't stand too well to the reading of barely literate goats bereft of the time to comprehend context.
pete_dushenski: he was being pseudo-intellectual and name-dropping like the thinly veiled charlatanic 'progressive' he is.
mircea_popescu: he was "being ironic", in current pop-parlance. had plato in fact and earnestly "bemoaned progress" played straight, he'd have complained about the innovation of allowing teen boys not be raped (mostly championed by socrates, for that matter).
pete_dushenski: in the footnotes of his original he cited motherfucking summaries written by contemporary tards
mircea_popescu: pete_dushenski http://www.contravex.com/2015/08/03/no-you-dont-understand-elite-discontent/ << that first quote made me lose interest in the dood.
mircea_popescu: dogs smoke them
mircea_popescu: in other news - ima point out to our esteemed us smoking colleagues that actual habanero montecristos are about a dime a dozen here.
asciilifeform: those don't have to be hired by a boss, all they gotta do is not scare folks away and sharpen
mircea_popescu: and you wanted to be my side of the street bicycle powered knife sharpener!
asciilifeform: (among other)
asciilifeform: When you get back from the war'
asciilifeform: in the sense of something i might conceivably one day 'come back from'
asciilifeform: though she as often describes it as 'the war'
mircea_popescu: well... there goes that argument.
mircea_popescu: ask anyone if what you're doing is programming and let me knopw what they say.
asciilifeform: except they don't
mircea_popescu: they only free when destroyed yes
asciilifeform: who does not believe, is welcome to go and try the experiment in http://therealbitcoin.org/ml/btc-dev/2015-August/000142.html
asciilifeform: boost map stuctures DON'T FREE MEMORY when they lose members.
asciilifeform: revealed by the most recent experiment i suggested
mircea_popescu: in the case of avicenna it's not that bad, and a ton has been done to try and figure out his context.
asciilifeform: my model is based on the same almost-nonexistent record as everybody else's ...
mircea_popescu: you're model of how these guys' lives worked is really very bad you know.
asciilifeform: because 'who the fuck pays for sunlight'
asciilifeform: mircea_popescu: to pound in the last nail (for now) in the subject: razi, avicenna, et al had it easy compared to modern folk: they could at least charge the rich folks of their time for providing something superficially like working medicine
mircea_popescu: shinohai but you're the only one wioth mesa < 10. so that'd likely be it.
mircea_popescu: shinohai : buncha other people are running eulora with gallium 4.0, incl on llvmpipe. that wouldn't likely be it.
TheNewDeal: !down TheNewDeal
asciilifeform: your 'reward' is the damsel's menstrual output
mircea_popescu: it broadly sunk the shogunate at any rate.
mircea_popescu: (to understand why it's dumb - imagine your prize for rescuing drowning damsel is the damsel. what if you don't want damsels, just enjoy swimming ?)
mircea_popescu: it's also a dumb system, for the record. tho perhaps less dumb and certainly dumb for different reasons.
mircea_popescu: or w/e they use.
mircea_popescu: nah. if "blue blood" i nthe sense of, willing to put up a fucking banner.
asciilifeform: like island of stability somewhere ten metres below the known mendeleev table
asciilifeform: i know of nothing which was ever run in any other way.
asciilifeform: or why the food-lever-operator chimp gets a slightly weaker beating as his 'salary'
asciilifeform: and 'his own team has to be fought for 10k' is for the same fundamental reason that a programmer who saves a $maxint reactor gets a $smallint bonus for his trouble
mircea_popescu: sorta like the situation of a spy, really - the enemy is willing to spend millions to nail him, whereas his own team has to be fought for a 10k allocation sort of deal.
mircea_popescu: seriosly, i'd like to point out the pattern of it. clearly the guy is buying tailings, ie, overflow traffic/whatever's available to fit his budget. ends up with what overflows.
assbot: Logged on 03-08-2015 17:36:33; trinque: punkman | trinque: consider the case where your meat-wot is "businessmen" in Luxor << can probably be milked for some kind of value; if that's all ya got, that's all ya got. better than nothing
mircea_popescu: and because who at the time is going to be your ossasepia.
asciilifeform: ain't talking of xerxes's reputation for subduing the ocean with whip
assbot: Logged on 16-10-2014 00:01:42; asciilifeform: consider ancient scholars like the persian Razi.
asciilifeform: (in the sense of 'deep fryer')
asciilifeform: gernika, mircea_popescu: actually this is still sop. i am the odd man out among my circle for ~never~ having done a lick of honest work
mircea_popescu: gernika also all usians dipped their cock in pussy juice in college. afaik not done anymore.
asciilifeform: ow live frogs whole, fresh out of the swamp, for her own perverse enjoyment of seeing the young sluts suffer. Hey, it cured Sue's pregnancy, it did! What spontaneous abortion, what coincidence, are you from like the future ?' << this is, as often is, not the complete story. there ~were~ folks who made a reputation for actually curing something
asciilifeform: mircea_popescu: 'Meanwhile everyone else continues to practice medicine as best the means available allow also, but according to what the knowledge of the time allows. And everyone else is going to be the professionals in the field of medicine in Sicily cca 1200, whereas our teleported professional is just going to be a quaint curio, undistinguishable and undistinguished from the weird old lady making pretty young things swall
assbot: Logged on 02-08-2015 01:07:52; TheNewDeal: I'm thinking of adding perhaps 2 days equivalent timeweight. Say weight it 21000, two days ago weight was 23600. I would accept your amount, and pay out on the timeweight two days prior, 23600. Terms negotiable
TheNewDeal: offer is still on the record for those interested in the bitcoin no over 350 bezzlers. http://log.bitcoin-assets.com//?date=02-08-2015#1221804
mircea_popescu: fucking country was full to the brim of bad pink collar places like that badly run by inept cocklets who had somehow imagined they run themselves.
mircea_popescu: bar. pizzeria. thjeir mother on a stick.
mircea_popescu: romanian fucktarded kids did this to death. went to work abroad - sucked septuagenarian cock on cruise ships, manned boats off alaska, whatever, came back with a 20-50-70k and then... OPENED A RESTAURANT
BingoBoingo: gernika: Not enough jobs to hire them all for it
gernika: mircea_popescu I thought all usians dipped fries in the frier as teens or college students at least. Do the younger ones not go through that anymore?
mircea_popescu: the difference is absolutely nil.
mircea_popescu: also - programmer is not a craftsman. "programmer" is the boy equivalent of the "artsy" chick. one does stupid shit and "sells it" on etsy, the other does stupid shit and "sells it" on github
mircea_popescu: the only work they're capable of is reddit shitslinging, and there's a ton of dudes doin that cheaper and better already. easily 100x what's needed anyway.
mircea_popescu: so no. they are not capable, of any kind of work.
mircea_popescu: decimation they';re not capable of it. there's this very insistently nursed delusion among white useless usians that somehow some types of work are "below" them in the sense that OF COURSE they could do it. not so. alf has it : fuck you for "being able to" put the fries in the frier once. do it every day forever.
asciilifeform: But, though we had plenty of money, there was nothing our money could buy,
asciilifeform: 'In the Carboniferous Epoch we were promised abundance for all,
assbot: Logged on 04-05-2015 18:55:44; ascii_field: not even chumps, as such - many of these folks (i usedto work with'em) are laughing all the way to the bank, riding the thermodynamic waterfall between usd salary and cn cost of living
mircea_popescu: actually i would guess currently the earned income this way is about 12-15kish a year.
mircea_popescu: talk to someone who's ever done any time. there's a ton of mexicans doing time in us prisons to make money for their family bacvk home.
mircea_popescu: the godz of metal.
asciilifeform: BingoBoingo: where to get'em is b/w you and the godz
asciilifeform: how could be otherwise !
mircea_popescu: incidentally, it's quite obvious that the b-a conversations consist of both spoken and silent dialogue
asciilifeform: which has been up the sleeve for too long
asciilifeform while mircea_popescu was out, was in the middle of finally writing the motherfucking broadcast but paused to post the mempool guillotine
asciilifeform: 'All this was in part spawned by a long going if little voiced thread in #b-a on the topic of "how can PGP folk be this fucking retarded. Sort-of like the colonial European's expectation that someone firing a weapon necessarily speaks French, or Spanish, or English, or some sort of civilised language also. Because otherwise... where did they get the human weapon! Goblins don't craft weapons.' << YES!
decimation: and furthermore their brand new 'air traffic management' computer is vulnerable to resource starvation
decimation: thus setting up the ironic situation where one side of usg wants to clamp down on 100 foot drone-flying while f16s blaze around where they please
decimation: asciilifeform: actually it's a good point (the u2) - you see the results with that f16 vs cessna crash
decimation: "Reuters reports that a controller would have entered the usual altitude for a U-2 plane – about 60,000 feet – forcing the system to consider all altitudes between ground level and infinity and generating a conflict which caused the system to begin cycling through restarts."
assbot: ERAM crash sparked by insufficient RAM | Air Traffic Management | Air Traffic Management - ATM and CMS Industry online, the latest air traffic control industry, CAA, ANSP, SESAR and NEXTGEN news, events, supplier directory and magazine ... ( http://bit.ly/1IIL5l8 )
decimation: asciilifeform: lulz: http://www.airtrafficmanagement.net/2014/05/eram-crash-sparked-by-insufficient-ram/ "The computer system made by Lockheed Martin interpreted the flight as a more typical low altitude operation, and began processing it for a route below 10,000 feet. The extensive number of routings that would have been required to deconflict the aircraft with lower altitude flights used a large amount of available ...
decimation: I recall the working s/360 as being very ... large
decimation: the most impressive thing was the wall of lead-acid batteries - meant to run the thing for 10 minutes while the generators kicked-on
decimation: I would bet $20 that they aren't gonna use a 'triplex' computer to replace it
decimation: no wonder it took them 40 years to 'replace' it
decimation: asciilifeform: but the point I was making with the s/360 is that apparently the one the FAA used for ARTCC was a 'triplex' computer with full voting!
gernika: decimation You're right I see the tie-in.
decimation: gernika: that's kinda the point of the earlier converation. as long as you count your wealth in usd, you are owned by usg and are wealthy at their pleasure
gernika: Following up on the "programmer lock-in" thread. Let's say you somehow saved up some capital and want to get out. What do you buy with the small amount of capital? Convencience store? Restaurant? Who will work there? Not your cousin from India - you're 3rd gen. American/Brittish/Whatever.
asciilifeform: last i checked, david schmidt will sell these for ~200 or so
decimation: who knows what they are gonna get
decimation: yeah there's a smbx 3600 keyboard on ebay for 1800
asciilifeform: even though they were much more compact than a 360
decimation: interestingly even though there were many thousands made, hardly any survive
asciilifeform: (not that he needs'em for anything, but might not resist urge to discover if it was a true microscope in the sense of cracking a skull well)
decimation: especially if he doesn't want to keep to a 'push shit out the door we'll fix it later' schedule
asciilifeform: just as it was not the worst, by any reasonable measure, soviet physicists, who ended up driving cabs or drinking to death
asciilifeform: but the problem is not limited to plankton
asciilifeform: craftsmen (programmer) for whom there is no economy to work in
asciilifeform: but the article linked earlier was about something else
decimation: asciilifeform: the raw fact is that around 60-70% of the us 18-65 population is only capable of 'unskilled' labor of this type at best
asciilifeform: this is probably why mircea_popescu suggested that they ought to compete for who can most creatively mutilate his cock on camera, rather than apply to 'walmart'
assbot: Wal-Mart has a lower acceptance rate than Harvard - The Washington Post ... ( http://bit.ly/1IIGfV0 )
decimation: http://www.washingtonpost.com/news/wonkblog/wp/2014/03/28/wal-mart-has-a-lower-acceptance-rate-than-harvard/ "Last year when Wal-Mart came to D.C. there were over 23,000 applications for 600 jobs. That's an acceptance rate of 2.6%, twice as selective as Harvard's and over five times as choosy as Cornell."
asciilifeform: folks who won't hate you for paying them starvation wage, who won't pack up at dawn at the first sign of 'real' work
asciilifeform: and of the 1m ?
asciilifeform: how many of the 62k had computer science degrees ?
decimation: http://www.zerohedge.com/news/2015-05-12/getting-job-mcdonalds-harder-getting-accepted-ivy-league "In 2011, McDonald's announced it would hire 50,000 new employees on April 19 for its National Hiring Day. They eventually hired 62,000 people. Over 1 million people applied. This is noteworthy because many commentators have accused the unemployed of being lazy and unwilling to work."
asciilifeform: where you walk in to a 'cooks wanted', 'i need a job', they: 'you will leave as soon as you find work programming again, go away now'
assbot: Logged on 04-08-2015 02:05:21; mircea_popescu: http://log.bitcoin-assets.com/?date=03-08-2015#1223264 << there is a thread in the logs consisting of me essentially saying that if you can't fake stupiud you're not smart.
decimation: if nursing home, doctor, real estate - had to be paid for in gold that couldn't be magicked into existance, the prices would change rapidly...
decimation: why put that provision in the law at all?
decimation: no my point is that usg demands jr drains the account
asciilifeform: to play the cycle again
decimation: you can even give to schmuckson jr - but as soon as he gets his hands on it the clock starts
asciilifeform: picture if the whole idiocy asylum of mr. schmucksons tried to cash in their 400k each and buy turkeys
asciilifeform: it went to the same place the electric current in the neutral phase of your mains socket goes.
asciilifeform: he can... die? then the 400k becomes 0, it pays off mr schmuckson jr.'s college loans
asciilifeform: real estate 'wealth' is the ultimate bezzle, nothing like 400,000 time the N of houses in $sector is even available as 'turkey-buying dollars'
decimation: but home equity comes from bank debt, which comes from the combination of how much maturity transformation is allowed and how much money the fed prints..
asciilifeform: see where the 47x figure will go if you discount houses.
decimation: I suppose my hypothesis is that if assets were demoninated in actual hard currency they wouldn't be able to run this kind of ponzi
asciilifeform: yes, a handful of thugs end up with the lion's share
asciilifeform: it is approximately the same as asking who is +ev in prison
asciilifeform: decimation: what the hell does it even mean to be +ev in modern usa?
decimation: asciilifeform: not that they had children who were raised to be +ev so they could afford to whipe dad's ass when he's old"
decimation: "keep mailing us your taxes, your missing bank interest, and your real estate equity. Someone will totally mail you theirs when we are dead!"
asciilifeform: decimation: the whining, by and large, is coming from the ones who owe $maxint to the medical charlatans and are unhappy that it is coming out of 'their' bezzle rather than the treasury
decimation: this is why I find the baby boomer whining about old people medical care and old people direct payments
asciilifeform: people who were there for the tail end of american economy being something like functional
assbot: Logged on 04-08-2015 02:08:03; mircea_popescu: decimation this doesn't explain why the old farts are getting most of the fake bills.