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The dangers of a Russian energy superpower

New Rule: Words Matter | Real Time with Bill Maher (HBO)

cloudballoon says...

That's a gem in this segment of the show.

Of all the things I don't agree with Maher (recently of the Mask Mandate, sooooooooo misinformed and/or self-centered, he's part of the prolonged problem), I must say, his fixation on not cancelling anyone and while urging people not being snowflakes are right stands for me. As much as a "political opposite" some people are to me, I'm actually far more interested in the reasons behind why they take those stands, whether they care to explain themselves or not (because, come on, we KNOW American culture breeds goats and they can only parrot what their political/religious/news/social media overlords tell them without understanding the ulterior motives behind their words & actions). I've long given up expecting one half of the population to be able to articulate thoughts.

His shows are still able (willing?) to invite "both sides" to the table. For that, his shows are worth watching.

newtboy said:

All’s well that’s Orwell.
*doublepromote

Kid Gets Caught While Trying to Steal Package

eric3579 says...

I stole a handful of little things when i was a kid. Threw things at cars and doorbell ditched on occasion also. Grew out of that mischief as most of us did. Funny you seem to fixate on the color of his skin and i on his age. Would that make me an ageist and you a racist? Not really sure how that works. Your comment seems pretty weird though. It's kind of an ugly look from where i'm sitting, but i'm hardly an expert on the matter.

TangledThorns said:

That camera is racist!

Motorcyclist launched off an overpass

Khufu says...

"A motorcyclist is seen traveling too fast while passing the truck"

doesn't look like speed was a factor, appears like nervousness in the new rider that made them panic and target fixate toward the guardrail.. if they had just relaxed and counter steered left they would have been fine. needs more training!

RJ85 Fire Fighting extreme near miss

A Perfect Circle -- Disillusioned

MilkmanDan says...

Lyrics from https://www.azlyrics.com/lyrics/perfectcircle/disillusioned.html :

(Dopamine, on dopamine...)

We have been overrun by our animal desire
Addicts of the immediate keep us obedient and unaware
Feeding this mutation, this Pavlovian despair

We've become disillusioned
So we run towards anything glimmering

Time to put the silicon obsession down
Take a look around, find a way in the silence
Lie supine away with your back to the ground
Dis- and re-connect to the resonance now
You were never an island

Unique voice among the many in this choir
Tuning into each other, lift all higher

(Dopamine, on dopamine...)

Willingly been re-wired by clever agents within
Looping our reflections, our obsessions draw us in
Fix and fixation, no sentience beyond

We've become disillusioned
So we dive like crows towards anything glittering

Time to put the silicon obsession down
Take a look around, find a way in the silence
Lie supine away with your back to the ground
Dis- and re-connect to the resonance now
You were never an island

Unique voice among the many in this choir
Tuning into each other, lift all higher

Professor explains the most important problem in finance

oritteropo says...

Yes, he is. He is saying that there is (usually) a disconnect between the people running the company and the owners and that this leads to outcomes that are not ideal for the owners.

One example would be the CEO who ensures a short-term share price gain just in time to sell his own shares, called pump and dump, even if the result is a disaster shortly thereafter. There are many other examples of CEO decisions that lead to disaster for the company and a big fat payout for the CEO.

In fact much of the current fixation on short-term planning is contrary to both the interests and desires of the shareholders.

TheFreak said:

Is he saying that the companies aren't doing enough to provide returns to the investors?

Because as an employee of these same companies...that's not my experience.

Adam Ruins Millennials

ToastyBuffoon says...

Is it just me or does anyone else fixate and get annoyed by filler speech patterns, like this guy saying uhh and umm every few words? Not related to this video, but the most annoying to me is "know what I mean?".

Tesla Predicts a 2 Car Crash Ahead of Driver

Digitalfiend says...

That was pretty cool. I wonder if the Tesla's sensors could still "see" the braking SUV as it is a bigger vehicle than the red car that rear ended it. We can't see the sides of the SUV in the video, until the red car begins its lane change, because of the wide-angle dashcam but perhaps the Tesla's sensors could.

I think the driver of the red car, who wanted to change lanes, was fixated on the black car in the right hand lane and didn't see the SUV suddenly brake. If the red car had collision avoidance capabilities, this accident would likely have been prevented.

Last Week Tonight - Brexit v2 There are no f*cking do-overs

radx says...

Nobody can deny that the current situation made the life of that lady and her children infinitely more complicated, and it will make it more miserable in the future.

However, what about all the Chavs? No, I'm not being sarcastic. What about all the people whose life can hardly become more miserable, because it's been miserable all along with no hope for improvement? Life is shit for a lot of people, and it has been for a long time.

What were their options in this referendum?

Remain told them that their quality of living would decline in case of a Brexit, and that it would decline more slowly if they remain part of the EU. In short, they offered them fuck all. Any notion of reforming the EU from within to make it care about the proletariat is an illusion, and a costly one if you look at either Greece or the recessionary EU in general.

So they went with the demagogues, who spewed such outrageous lies that even Goebbels would be ashamed. But they made an offer nonetheless.

All this talk about stock prices or the exchange value of the Pound is meaningless dribble if you live in places like Nuneaton. How is telling them all to sod off an irrational decision if all they did for decades was shit on you?

So yeah, I fucking hate the anti-immigration part of the discussion. It's despicable. But the patronising reactions from not just the elites but also large swaths of the Remain campaign gives me assteroids.

The casual way they discuss how to ignore or reverse the result of the referendum is a sign of why it went this way in the first place. They look down on the decision made by "those people". It makes no sense to them, so it has to be irrational. Silly plebs are not informed enough to make smart decisions, let's educate them. Or better yet, let's make the decisions for them.

It just oozes condescension. And it breeds contempt.

To end on a personal note: how the German government now appears to be the moderating factor on the EU side is beyond fucked up, given how they were the ones to piss on the plebs the most with their anal fixation on austerity. You really cannot make this shit up...

Edit:
Here's one for sovereignty: just last night, Jean-Claude Juncker said that the European Commission doesn't want national parliaments to vote on CETA. What's the point of democracy then?

Britain Leaving the EU - For and Against, Good or Bad?

radx says...

My comment was rather egocentric in nature. Few countries have the means to upset the balance of power within the EU and a (vote for) Brexit might just be the least horrific way of poking the EU. Next down the line would be a Le Pen-administration in France, which most people would rather avoid. Or some unforseen poltical kerfuffle in Italy.

Bad options, all of them. But austerity will lead to even worse outcomes, so German hegemony must be curbed and broken -- or the EU as a whole must be reduced to countries whose economies work the same parasitic way.

The best of all options, of course, would be political change in Germany, away from this anal fixation on austerity. But looking at our parliament, I see 630 seats, 566 of which belong to parties in support of austerity. So no, not gonna happen.

My hopes, as always, are on the French people. Recent actions have made me hopeful that they will once again come to our rescue.

Jinx said:

So what do we do? Leave and pretend there is more than 30 miles of water between us and France? Europe's fate will surely have of a massive impact on the UK regardless of whether we call ourselves part of it or not. No man is an island, even when that man is, err, a country that is an island...

Anyhoo. Maybe London will hold a referendum on whether it wants to be part of the UnUnited Kingdom.

Britain Leaving the EU - For and Against, Good or Bad?

radx says...

Correct me if I'm wrong, but the referendum is not legally binding, is it?

So what happens if the plebs vote in favor of Brexit?

Brussels dispatches men in finely-tailored suits to London, with goodies in their suitcases. Politicians become supremely motivated to convince the plebs of the wrongness of their views -- or they take their continental brethren as an example and just ignore the plebs altogether.

Jokes aside, it might very well be a vote to leave a sinking ship.

Anyone here really think the EU can survive the groupthink-induced fixation on austerity? Anyone seen the economics data coming from Italy lately? Greece? Spain? France? Anyone think Italy can be in a single currency with Germany under German control? Anyone think the EU can survive the fall of the Euro or the departure of significant member countries?

The way I see it, the EU cannot survive economic orthodoxy. Greece is dying, Italy is bleeding from every orifice. Even as a strong supporter of a unified Europe, including Russia(!), I cannot support the EU in its current form -- it's rotten to the core and dominated by groupthink.

And with all that in mind, the fact still remains that the EU kept the Tories somewhat in check in many regards. What a disheartening situation...

Stephanie Kelton: Understanding Deficits in a Modern Economy

radx says...

@greatgooglymoogly

Thanks for taking the time to watch it.

Like I said in my previous comment, this talk needs to take a lot of shortcuts, otherwise its length would surpass anyone's attention span.

So, point by point.

By "balanced budget", I suppose you refer to the federal budget. A balanced budget is not neccessarily a bad thing, but it is undesirable in most case. The key reason is sectoral balances. The economy can divided into three sectors: public, private, foreign. Since one person's spending is another person's income, the sum of all spending and income of these three sectors is zero by definition.

More precisely: if the public sector runs a surplus and the private sector runs a surplus, the foreign sector needs to run a deficit of a corresponding size.

Two examples:
- the government runs a balanced budget, no surplus, no deficit
- the private sector runs a surplus (savings) of 2% of GDP
- the foreign sector must, by definition, run a deficit of 2% of GDP (your country runs a current account surplus of 2% of GDP)

- the government runs a deficit of 2% of GDP
- the foreign sector runs a surplus of 3% (your current account deficit of 3%)
- your private sector must, by definition, run a deficit of 1% of GDP, aka burn through savings or run up debt

If you intend to allow the private sector to net save, you need to run either a current account surplus or a public sector deficit, or both. Since we don't export goods to Mars just yet, not all countries can run current account surpluses, so you need to run a public sector deficit if you want your private sector to net save. No two ways about it.

Germany runs a balanced public budget, sort of, and its private sector net saves. But that comes at the cost of a current account surplus to the tune of €250B. That's 250 billion Euros worth of debt other countries have to accumulate so that both the private and public sector in Germany can avoid deficits. Parasitic is what I'd call this behaviour, and I'm German.

If you feel ambitious, you could try to have both surplus and deficit within the private sector by allowing households to net save while "forcing" corporations to run the corresponding deficits. But to any politician trying that, I'd advise to avoid air travel.

As for the "devaluation of the currency", see my previous comment.

Also, she didn't use real numbers, because a) the talk is short and numbers kill people's attention rather quickly, and b) it's a policy decision to use debt to finance a deficit. One might just as well monetise it, like I explained in my previous comment.

Helicopter money would be quite helpful these days, actually. Even monetarists like AEP say so. If fiscal policy is off the table (deficit hawkery), what else are you left with...

As for your question related to the Fed, let me quote Eric Tymoigne on why MMT views both central bank and Treasury as part of the consolidated government:

"MMT authors tend to like to work with a consolidated government because they see it as an effective strategy for policy purpose (see next section), but also because the unconsolidated case just hides under layers of institutional complexity the main point: one way or another the Fed finances the Treasury, always. This monetary financing is not an option and is not by itself inflationary."

MMT principle: the central bank needs to be under democratic control, aka be part of government. The Fed in particular can pride itself on its independance all it wants, it still cannot fulfill any of its goals without the Treasury's help. It cannot diverge from government policies too long. Unlike the ECB, which is a nightmare in its construction.

Anyway, what does he mean by "one way or another the Fed finances the Treasury, always"? Well, the simple case is debt monetisation, direct financing. However, the Fed also participates by ensuring that Primary Dealers have enough reserves to make a reasonable bid on treasuries. The Fed makes sure that auctions of treasuries will always succeed. Always. Either by providing reserves to ensure buyers can afford the treasuries, by replacing maturing treasuries or buying them outright. No chance whatsoever for bond vigilantes. Betting against treasuries is pointless, you will always lose.

But what about taxation as a means to finance the Treasury? Well, the video's Monopoly example illustrated quite nicely, you cannot collect taxes until you have spent currency into circulation. Spending comes before taxation, it does not depend on it. Until reserves are injected into the banking system, either by the Fed through asset purchases or the Treasury through spending, taxes cannot be paid. Again, monetary financing is not optional. If the Treasury borrows money from the public, it borrows back money it previously spent.

Yes, I ignored the distribution of wealth, taxation, the fixation on growth and a million other things. That's a different discussion.

Should gay people be allowed to marry?

JustSaying says...

Two things, no, actually three:
1. To answer your question directly: because letting LGBT people have these rights has no negative effects for society and requires very little effort. There are no measurable downsides here.
What's supposed to happen? Tell me what the negative effects will be. God's gonna make a pouty face and floods the earth again?
Another thing is, how is it the government's business who you can marry? Why should they get to decide that you can't marry shinyblurry if you really want to? Are you that fond of government intrusion in your life?
2. Capitulate? Are you at war with the gays? Did they stick a flag in your ass and declared it their territoty? Is it really an us vs. them situation? Are you sure you are not actually the problem?
You can only capitulate to an adversary. How are the homosexuals harming you? Are they taking anything away? Are they threatening you? Fact is, you are the one who wants to deny right and limit other people's freedom to be left the fuck alone. You're the agressor here. If you would stop that behaviour, nobody would give a fuck about you.
Why should I, who doesn't care what unknown gay people do, and we, who want them to have their rights, capitulate to agressors like you, who insist on regulating nobody's and especially not their own business? Why can't you leave the homosexuals alone? What's your fixation here?
3. Stop it with that "evolutionary dead end" crap! Every marriage with someone who is unable or unwilling to have kids is according to your definition one. Are you really willing to argue that people who can't procreate shouldn't marry? Are you going to tell every woman over 50 they can't (re)marry? Are you willing to walk up to a soldier who got his nuts blown off in Iraq that he can never ever marry the woman who doesn't care about his lack off balls? I'd love to see that. And what his buddies will do to you. And his wife.

Fact is, you don't like homosexuals. I don't know why but I do know that more and more people don't care about them. We're past the tipping point. That's why you feel it's "capitulating", because you know you're the minority now and your hatred and abuse won't be tolerated for long anymore. That's what you loose, the right to treat other's like shit. You can't kick that dog no more because it found the courage to bite back and we took away your ability to go old yeller on his ass. Must make you mad, foaming at the mouth mad.

bobknight33 said:

Again another straw man answer.

Just answer the question at hand.

Why should any society capitulate for such an insignificant demographic group?

Gays make up less then 4% of population.

And for gay marriage the % is even less than 1%
The question really becomes Why should 1% demographic force the 99% to change?

Should gay people be allowed to marry?

ChaosEngine says...

Actually, I sorta agree with this. People's rights should not be put to popular vote.

Democracy be damned, the majority has no right to deny rights to a minority.

Shame you followed it up with some insane, nonsensical, anally fixated rant.

Sniper007 said:

The very notion that a right can be granted by society is absurd. Either you have the right, or you don't. Society has nothing to do with it.



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