I never would have guessed pilots could be such an amazing group.
On top of scholars, Financial gurus, relationship gurus, career advisors, military strategists, epidemiologists and MBAs you're also bankers an constitutional law professors. An FAA certificate is the new mensa card. |
No just the old MENSA card. New guys don’t even need degrees. The vax card is accepted as a proxy though.
|
Originally Posted by DownWithNarita
(Post 3608710)
I
Financial gurus, relationship gurus, career advisors, military strategists, epidemiologists and MBAs you're also bankers an constitutional law professors. An FAA certificate is the new mensa card. |
Originally Posted by DownWithNarita
(Post 3608710)
I never would have guessed pilots could be such an amazing group.
On top of scholars, Financial gurus, relationship gurus, career advisors, military strategists, epidemiologists and MBAs you're also bankers an constitutional law professors. An FAA certificate is the new mensa card. |
Originally Posted by DownWithNarita
(Post 3608710)
I never would have guessed pilots could be such an amazing group.
On top of scholars, Financial gurus, relationship gurus, career advisors, military strategists, epidemiologists and MBAs you're also bankers an constitutional law professors. An FAA certificate is the new mensa card. |
Anyone gonna talk about the 2 trillion dollars the fed just pumped into the banks?
Seems like months of QT are being erased overnight. Could be quite inflationary |
Originally Posted by DownWithNarita
(Post 3608710)
I never would have guessed pilots could be such an amazing group.
On top of scholars, Financial gurus, relationship gurus, career advisors, military strategists, epidemiologists and MBAs you're also bankers an constitutional law professors. An FAA certificate is the new mensa card. |
Originally Posted by DownWithNarita
(Post 3608710)
I never would have guessed pilots could be such an amazing group.
On top of scholars, Financial gurus, relationship gurus, career advisors, military strategists, epidemiologists and MBAs you're also bankers an constitutional law professors. An FAA certificate is the new mensa card. Roubini zeroed in on the heart of the problem. SVB had built up a big bond portfolio while interest rates were near zero, but the value of those bonds plunged when rates rose and newly issued debt became far more attractive to investors. The old bonds started to represent "unrealized losses." When troubles in the tech sector pushed SVB's depositors to start making large withdrawals, the bank was forced to sell its bond portfolio in an unfavorable market. Those "unrealized losses" were realized, and SVB suffered a $1.8 billion loss, leading to the bank's eventual collapse. Any other shock could have a similar domino effect, Roubini warned. "Official data of the FDIC [U.S. Federal Deposit Insurance Corporation] said there are $620 billion of unrealized losses on securities and the capital of banks in the U.S. is $2.2 trillion, so the average U.S. bank has about a third of its tier one capital at risk," he told POLITICO, referring to a metric that indicates how easily a bank can absorb losses on its financials. Over in Europe, unrealized losses on bond portfolios could be much graver, Roubini said. Europe, and specifically Switzerland, were among the first places in the world to push ahead with negative interest rates, meaning the sensitivity of local bond portfolios to rising interest rates was likely to be much larger. |
Originally Posted by SonicFlyer
(Post 3608532)
By chance, do you have a philosophy degree? :cool:
If you accept that the Constitution failed to achieve its primary goal (checks on power), eventually you’ll go down the rabbit hole of “why”? Which will lead you down the road to “what is political power and how is it captured then exercised”? There’s no better primer for this topic than “The Populist Delusion” by Neema Parvini. Everyone has to have a hobby. Reading really old books about this stuff is mine. Not trying to be a Richard here. It’s a nerd interest with absolutely no practical benefits. You seem civic minded though, and if you like to move a bit beyond the absolute basics, check out the aforementioned book and enter wonderland. (If that whets your appetite, James Burnham’s “ The Machiavellians: Defenders of Freedom” - expands on the basics with political theorists who’ve expanded on it for the last 700 years. Writers who heavily influenced the men who authored the Constitution. Democracy, even in republican form, is a pointless exercise. Ben Franklin hinted at it, because he understood power) |
Originally Posted by unstabilized
(Post 3608849)
Anyone gonna talk about the 2 trillion dollars the fed just pumped into the banks?
Seems like months of QT are being erased overnight. Could be quite inflationary |
Look up Art. I, Section 8, Clause 5 and the Federal Reserve Act of 1913. That’s 110 years ago. ,I’m pretty far out on the libertarian conservative limb, but reality is beotch. The 10th Amendment has set to do with it.
https://www.govinfo.gov/content/pkg/.../COMPS-270.xml |
Originally Posted by DownWithNarita
(Post 3608710)
I never would have guessed pilots could be such an amazing group.
On top of scholars, Financial gurus, relationship gurus, career advisors, military strategists, epidemiologists and MBAs you're also bankers an constitutional law professors. An FAA certificate is the new mensa card. |
Originally Posted by DeltaboundRedux
(Post 3608870)
Poly Science…completely worthless, hardly better than a medieval Celtic poetry degree with a minor in basket weaving. At least basket weaving produces something useful. Thank god the airlines didn’t care.
If you accept that the Constitution failed to achieve its primary goal (checks on power), eventually you’ll go down the rabbit hole of “why”? Which will lead you down the road to “what is political power and how is it captured then exercised”? There’s no better primer for this topic than “The Populist Delusion” by Neema Parvini. Everyone has to have a hobby. Reading really old books about this stuff is mine. Not trying to be a Richard here. It’s a nerd interest with absolutely no practical benefits. You seem civic minded though, and if you like to move a bit beyond the absolute basics, check out the aforementioned book and enter wonderland. (If that whets your appetite, James Burnham’s “ The Machiavellians: Defenders of Freedom” - expands on the basics with political theorists who’ve expanded on it for the last 700 years. Writers who heavily influenced the men who authored the Constitution. Democracy, even in republican form, is a pointless exercise. Ben Franklin hinted at it, because he understood power) |
Originally Posted by DeltaboundRedux
(Post 3608519)
Power is not given power because it’s on a piece of paper.
The best description of what power is, or what “the sovereign” is, was written by Carl Schmitt: (highly recommended) “Sovereign is he who decides on the exception" That is to say, who makes decisions and can enforce them despite printed laws, cultural customs, or formal hierarchies of authority? That is true power and it seeks only its own interests. Good recent examples: post 9/11 domestic security state, pandemic actions at the federal/state/local level, and mass bank bailouts in 2008/2023. We euphemistically call it “emergency authority”, but it’s really just raw power openly flexing its muscle, then in the US we put a fig leaf over it with after the fact legislation. So it ever was and so it shall ever be. There’s no changing it. While not the point of my reply, I feel I have to add that Herr Schmitt, with one legal decision regarding the Enabling Act, made Hitler the head of State who could rule by decree. We can't know what would have been if he had not ruled as such, but we certainly know what did happen. One could consider him just a continuance of Hegel's view of the relationship of the state and the subject/citizen. Suffice to say he is not universally admired. Ignoring my above comment, this is about your last quote. "So it ever was and so it shall ever be. There's no changing it." I may be misinterpreting what you are saying, but have you read Vaclav Havel's "The Power of the Powerless"? Also any of Adam Michnik's writings? Though he spent much of his life (prior to the 1989 collapse of Communist Party govt of Poland),as an imprisoned dissident, he lived his life as a free man. Something that was, and is, beyond the ken of authoritarians and those who make their little contribution to the oppression of the powerless. A quote from one of Michnik's essays in "Letters from Prison". "....that the course of the avalanche depends on the stones over which it rolls. (Czeslaw Milosz) And you want to be the stone that will reverse the course of events." As a died in the wool romantic, I am a firm believer that if a sovereign goes too far he will lose legitimacy. Then the powerless will eventually find a way to "change it". I can not accept the sentencing of Mankind to "it shall ever be." |
Don’t forget—the sending off of political enemies to Dachau was a little bit of an influence to get the Enabling Act passed.
I just received my three volumes of Solzhenitsynwith the Gulag Archipelago. Looking forward to reading it. |
Originally Posted by at6d
(Post 3609298)
Don’t forget—the sending off of political enemies to Dachau was a little bit of an influence to get the Enabling Act passed.
I just received my three volumes of Solzhenitsynwith the Gulag Archipelago. Looking forward to reading it. |
Originally Posted by Extenda
(Post 3609348)
Just read volume one. I am very glad I did not live in the Soviet Union.
|
Looks like credit suisse is the next to fall
|
Originally Posted by at6d
(Post 3607319)
Let’s see. Invest heavily in mortgage securities. Government prints tons on money, Fed raises interest rates. Mortgage securities now losing tons of money. I think we’ve seen this play out before?
Someone gets it. I've been predicting 2023 would be a sh!tshow from about April of 2020. Sucks being right on something that is a going to be a catastrophe. Fed is literally in a position of eliminating what will end up being many low paying lower middle class jobs all in an attempt to "reduce" inflation induced by an overreaction by a specific segment of politicians more intent on pushing a certain President out of office by destroying their States economies and relying on free money. Unfortunately, those people whose jobs are being dismantled, and their loans interest rates increasing, don't even realize they are voting for the exact same people responsible for their situation. All you have to do is look at which States minorities actually fare better and have lower costs and more opportunities for home ownership. It's sad watching an administration go on national TV and tell people all is well. What makes it sad is many uneducated people in those low paying jobs, will believe him and keep spending as if all was truly well. I had a feeling we were in trouble when all of the USA's adversaries sent letters of congratulations to the Big Guy. Shocker other Countries wanted Orange Man Bad out. |
Originally Posted by DeltaboundRedux
(Post 3608870)
If you accept that the Constitution failed to achieve its primary goal (checks on power), eventually you’ll go down the rabbit hole of “why”? Which will lead you down the road to “what is political power and how is it captured then exercised”?
Originally Posted by DeltaboundRedux
(Post 3608870)
There’s no better primer for this topic than “The Populist Delusion” by Neema Parvini.
(If that whets your appetite, James Burnham’s “ The Machiavellians: Defenders of Freedom” - expands on the basics with political theorists who’ve expanded on it for the last 700 years. Writers who heavily influenced the men who authored the Constitution. Democracy, even in republican form, is a pointless exercise. Ben Franklin hinted at it, because he understood power) |
Originally Posted by BobbyLeeSwagger
(Post 3609490)
Looks like credit suisse is the next to fall
|
Originally Posted by at6d
(Post 3608245)
They also don’t pay federal income taxes unless they work for the federal government.
|
Originally Posted by DeltaboundRedux
(Post 3608870)
There’s no better primer for this topic than “The Populist Delusion” by Neema Parvini. If that whets your appetite, James Burnham’s “ The Machiavellians: Defenders of Freedom” |
Originally Posted by CBrF3
(Post 3619250)
Neither of these books (or their authors) are available through my local library system... :(
Not really someone I think anyone needs political advice from. |
Originally Posted by Forward lav
(Post 3619348)
“Neema Parvini specialises in Shakespeare studies. His research interests include political and moral philosophy, cognitive psychology, early modern history, literary theory, and historiography. He took his BA (hons) in English from Royal Holloway, University of London in 2004. During his time as an undergraduate, he won the a McDonalds Scholarship (2001), the Margaret Bretherton Memorial Prize (2002), the Gertrude Schryver Prize (2004) and the Edmée Manning Award (2004). He gained his Masters degree in twentieth-century literature from Oxford university with distinction in 2005. He returned to Royal Holloway in 2006, where he was awarded a Thomas Holloway Scholarship to read for his PhD, which he completed in 2010.“
Not really someone I think anyone needs political advice from. |
Originally Posted by symbian simian
(Post 3620689)
He sure sounds a lot better educated and smarter than most of the guys on here giving political advice.....
A well educated, well read, generalist who has developed some ability to think in terms of systems rather than reductionist specifics can have insights a specialist misses. That said, it ain't always the case...it just can sometimes be so. |
Originally Posted by symbian simian
(Post 3620689)
He sure sounds a lot better educated and smarter than most of the guys on here giving political advice.....
|
Originally Posted by Forward lav
(Post 3620813)
Yep, a degree in Shakespeare. Lol what a joke. This is for the little round glasses crowd I guess. The “smart people” have gotten us into a lot of trouble.
|
When can we rip a star or three off Old Glory? Asking for a friend.
|
Originally Posted by Forward lav
(Post 3620813)
Yep, a degree in Shakespeare. Lol what a joke. This is for the little round glasses crowd I guess. The “smart people” have gotten us into a lot of trouble.
|
Originally Posted by Forward lav
(Post 3620813)
Yep, a degree in Shakespeare. Lol what a joke. This is for the little round glasses crowd I guess. The “smart people” have gotten us into a lot of trouble.
-Issac Asimov this observation has never been more relevant |
Originally Posted by groundlooper
(Post 3620957)
“There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that my ignorance is just as good as your knowledge.”
-Issac Asimov this observation has never been more relevant Similarly, Idiocracy and the Handmaid’s Tale were not intended to be prophesies, yet here we are… |
Wow. APC needs a blue check mark.
|
Originally Posted by Forward lav
(Post 3619348)
“Neema Parvini specialises in Shakespeare studies. His research interests include political and moral philosophy, cognitive psychology, early modern history, literary theory, and historiography. He took his BA (hons) in English from Royal Holloway, University of London in 2004. During his time as an undergraduate, he won the a McDonalds Scholarship (2001), the Margaret Bretherton Memorial Prize (2002), the Gertrude Schryver Prize (2004) and the Edmée Manning Award (2004). He gained his Masters degree in twentieth-century literature from Oxford university with distinction in 2005. He returned to Royal Holloway in 2006, where he was awarded a Thomas Holloway Scholarship to read for his PhD, which he completed in 2010.“
Not really someone I think anyone needs political advice from. You just copy/pasted a laundry list of academic achievements and awards from some very impressive universities, but somehow that makes him unqualified to write a book about the genesis of political theory from a specific school of thought that's been evolving in Europe for the past 300 years (at least)? If you want an excellent Cliff Notes version of Mosca, Pareto, Schmitt, Jouvenel, Francis, etc, you'll find it here. He's an excellent writer and summarizer, which is what you'd expect from someone with those credentials. It might even stimulate interest to read primary sources (it did for me), which is it's intent. Not to "give you political advice." I'd be curious to know just who you'd think was a good teacher of the mechanics of actual politics would be? Not original sources, please. No one here is going to read Montesquieu, Gibbon, Plato, Locke, or even just your basic Alexis de Tocqueville. Who? I'm genuinely curious. |
Originally Posted by DeltaboundRedux
(Post 3621194)
Fascinating. This was a very odd response to a one off book rec.
You just copy/pasted a laundry list of academic achievements and awards from some very impressive universities, but somehow that makes him unqualified to write a book about the genesis of political theory from a specific school of thought that's been evolving in Europe for the past 300 years (at least)? If you want an excellent Cliff Notes version of Mosca, Pareto, Schmitt, Jouvenel, Francis, etc, you'll find it here. He's an excellent writer and summarizer, which is what you'd expect from someone with those credentials. It might even stimulate interest to read primary sources (it did for me), which is it's intent. Not to "give you political advice." I'd be curious to know just who you'd think was a good teacher of the mechanics of actual politics would be? Not original sources, please. No one here is going to read Montesquieu, Gibbon, Plato, Locke, or even just your basic Alexis de Tocqueville. Who? I'm genuinely curious. |
Originally Posted by Forward lav
(Post 3621213)
I don’t know how your brains can contort this. He is a theatre major with a degree in Shakespeare. Why would you take geopolitical advice or even give his thoughts consideration? If he’s talking about hamlet, I will listen (if I care at the time) because that is in his wheelhouse. I’ll trust someone else when it comes to consolidating the Eurasian landmass. Bunch of daisies…. Have an independent thought. Not everyone that gets published deserves it.
He’s an English major for undergrad with a phd in comparative literature. Reading comprehension goes a long way in the social sciences and is a transferable skill. You should work a bit more on yours, tbh. A breadth of knowledge is quite useful in politics, as much as it might seem like ivory towered extravagance. I’m not sure how you’re contorting intellectual and academic accolades into a lack of qualifications. |
Originally Posted by Forward lav
(Post 3621213)
I don’t know how your brains can contort this. He is a theatre major with a degree in Shakespeare. Why would you take geopolitical advice or even give his thoughts consideration? If he’s talking about hamlet, I will listen (if I care at the time) because that is in his wheelhouse. I’ll trust someone else when it comes to consolidating the Eurasian landmass. Bunch of daisies…. Have an independent thought. Not everyone that gets published deserves it.
Then reread Delta's response to you. |
Originally Posted by groundlooper
(Post 3620957)
“There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that my ignorance is just as good as your knowledge.”
-Issac Asimov this observation has never been more relevant |
Oh lawd….. happy Easter 🐣
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