I believe this is from the James Bond exhibit at the Spy Museum: https://www.spymuseum.org/exhibition-experiences/exquisitely-evil/ . I remember it being pretty effective in person.

I wonder how much it would cost for the water authority to just buy the bonds back?

Only a $25000 bond for attempted murder?!? On her third violent case?!? That seems excessively small. I've known people with 20 times that bail amount on non violent cases where no one was hurt and no one tried to hurt anyone...she shot at him twice and hit him, then drove away and left him to die. WTF?!
And her pops is trying to portray her as the victim...yeah. I sure hope that doesn't fly in court. Maybe if she had called an ambulance, but leaving him bleeding in the street, nope. Innocent victims simply don't do that.
Glad he's going to live...I hope he gets enough press out of it to make a living. It's not my style of music, but he's good at it.

Does it still have the same spooky music intro?

I havent seen much of any Dr. but Baker, and at that time I was the target audience.

Somehow this seems more appropriate than female Bond and Ghostbusters.

15:05-15:30: you tell Mr and Mrs Front-Porch that your loonie of 1871 cannot be compared to your loonie of 2013 (year of this interview). You went off the gold standard in '33, you abandoned the peg in '70, and your currency has been free-floating ever since. Yes, the ratio of debt to GDP has some importance, but so does the nature of your currency. Just look at Greece and Japan, where the former uses a foreign currency and the latter uses its own, sovereign, free-floating currency.

Pay back the national debt -- have you thought that through?

First, the Bank of Canada is the monopolist currency issuer for the loonie, so explain to me in detail just how the issuer of the currency is supposed to borrow the currency from someone else? If you're the issuer of the currency, you spend it into existence, and use taxation as a means to create demand for your currency, and to free resources for the government to acquire, because you can only ever buy what is for sale.

Second, every government bond is someone else's asset. An interest-bearing asset. A very safe asset, in the case of Canada, the US, the UK, Japan, etc. "Paying back the debt" means putting a bullet into just about every pension fund in the world that doesn't rely exlusively on private equity or other sorts of volatile toilet paper.

There's a distributional issue with these bonds (they are concentrated in the hands of the non-working class, aka the rich), no doubt about it. But most of the other issues are strictly political, not economical.

What if the interest rate rises 1%? The central bank can lower the interest rate to whatever it damn well pleases, because nobody can ever outbid the currency issuer in its own currency. Remember, the central banks were the banks of the treasuries. The whole notion of an independent central bank was introduced to stop these pesky leftists from spending resources on plebs. That's why central banks were often removed from democratic control and handed over to conservative bankers. If the Treasury wants an interest rate of 2% on its bonds, it tells its central bank to buy any excess that haven't been auctioned off at this rate. End of story.

What if the market stops buying government bonds? Then the central bank buys the whole lot. However, government bonds are safe assets, and regulations demand a certain percentage of safe assets in certain portfolios, so there is always demand for the bonds. Just look at the German Bundesanleihen. You get negative real rates on 10 year bonds, and they are still in very high demand. It's a safe asset in a world of shitty private equity vaporware.

But, but.... inflation! Right, the hyperinflation of 2006 is still right around the corner. Just like Japan hasn't been stuck near deflation for two decades, and all the QE by the BoE and the ECB has thrown both the UK and the Eurozone into double-digit inflation territory. Not! None of these economies are running near maximum capacity/full employment, and very little actual spending (the scary, scary "fiscal policy") has been done.

But I'm going off track here, so.... yeah, you can pay back your public debt. Just be very aware of what exactly that entails.

As for the poster-child Latvia: >10% of the population left the country.

Here's a different poster-child instead, with the hindsight of another 4 years of austerity in Europe after this interview: Portugal. The Portuguese government told Master of Coin Schäube to take a hike, and they are now in better shape than the countries who just keep on slashing.

On a different note: Marx was wrong about the proletariat. Treating them like shit doesn't make them rebellious, it makes them lethargic. Otherwise goons like Mario Rajoy would have had their comeuppance by now.

PS: Blyth's book on Austerity is an absolute must-read for anyone interested in its history or its current effects in particularly the Eurozone.

ECB Research Bulletin:

In an economy with its own fiat currency, the monetary authority and the fiscal authority can ensure that public debt denominated in the national fiat currency is non-defaultable, i.e. maturing government bonds are convertible into currency at par. With this arrangement in place, fiscal policy can focus on business cycle stabilisation when monetary policy hits the lower bound constraint. However, the fiscal authorities of the euro area countries have given up the ability to issue non-defaultable debt. As a consequence, effective macroeconomic stabilisation has been difficult to achieve.

Translation:
- all members of the eurozone effectively use a foreign currency
- they can default, because they do not and cannot issue debt in their currency
- fiscal policy has thus been completely neutered

Ergo, national parliaments have a significantly smaller policy space compared to countries with their own currency. Our parliaments intentionally surrender power to unelected technocrats, even control of the national budget, which is the primary power available to any parliament anywhere.

"Sorry, lad. We cannot pay for healthcare/pension/infrastructure/education/wages/X, we have to maintain a balanced budget to appease the market." Yet it is still illegal to call for the guillotine...

Meanwhile, Japan doesn't give a fuck. The BoJ has been vacuuming up outstanding debt like there's no tomorrow. It currently holds in excess of 40% of all government debt, effectively canceling it. It's just book-keeping. The Treasury issues the debt, the CB buys the debt. Both are part of the consolidated government sector, ergo no debt. "Hyperinflation!", they scream. Can you hear them? Except Japan has been fighting deflation for two decades, with no end in sight.

Yet the inflation-hawks are still treated as persons of authority. Flat-earthers, the lot of 'em.

And my country wants the rest of Europe to sign on to the most moronic law in German history: the "Schuldenbremse", which makes running a deficit illegal at the constitutional level (except for undefined "emergencies"). They are either a) brainwashed, b) idiots, or c) straight up evil. And I'm not sure which one I prefer.

That's the worst time, the inevitable second act dilemma, of PC building.

You can budget in the expectation of how long it takes to do the housekeeping stuff. Loading the OS, essential programs, personal preferences - the games themselves...but there's often that one random thing.

I built a nice medium-range game PC with someone else recently, my building partner was so excited. It's amazing how much of a bond that creates between people, or how it can strengthen a relationship. Not just for building PC's specifically, but for sharing something and having that moment of realization of how cool that thing shared really is.

I felt more pissed off than anything for a brief moment during the boot up, when the display seemed to shutdown startup before anything really happened. Luckily, I'd paid attention enough when researching the GPU and eventually remembered someone mentioning there was a button on the card itself that controls the LED lights on it, pressing it seemed to clear whatever was blocking the startup processes for the card.

There was definitely a soul-crushing few hours of doubt and agony before I remembered that detail. During that time, I stared at the clean interior of the fully assembled build, having had a hard enough time getting the cords to fit and wondering if something minor and imperceptible had wiggled loose, wondering if I would go mad.

Having someone else depending on the solution was another intense emotion heightening element. I'd done my best to prime for this likelihood. I'd shared stories of problems I'd had on previous builds, the random thing that went wrong. I stressed the fact that the computer had always, eventually, got built.

It's a good, stinging bit of humility for me. Even when I try to minimize problems and anticipate potential issues, I'll still miss something as obvious as a big button right in front of my face.

Your video, We Remember Sir Roger Moore as James Bond (007), has made it into the Top 15 New Videos listing. Congratulations on your achievement. For your contribution you have been awarded 1 Power Point.

*promote my favorite Bond.

Roger Moore was always my James Bond. I was never interested in seeing Bond movies when he stopped being 007. Live and Let Die was the first Bond movie i saw in the theater, but The Spy Who Loved Me was my all time favorite.

They'll walk. I mean, remember the cop that shot Walter Scott in the back and then dropped his taser so he could claim that the victim tried to take it? Remember how it was all caught on camera?

"In June 2015, a South Carolina grand jury indicted Slager on a charge of murder. He was released on bond in January 2016. In late 2016, a five-week trial ended in a mistrial due to a hung jury.

In May 2016, Slager was indicted on federal charges including violation of Scott's civil rights and obstruction of justice.
On May 2, 2017, in a plea agreement, Slager pled guilty to federal charges of civil rights violations. In return for his guilty plea, murder charges from the state will be dropped."

Oh, that explains a lot. The closer you get to downtown and to UT, the rent/sale value rises exponentially on houses I wouldn't let my pets live in. I've seen crappy 1940's houses that are falling apart listed for 400k and up that close to UT.

Yeah, Austin is pretty tame. I live in one of the sort of 'bad' areas and we never have had any issues. The closest I've ever come to real trouble is when I walking away from a music venue in south-east Austin a few years back. Three guys asked if I wanted to buy a knife and I, like a total idiot, was like "Sorry, I might have but I spent all my cash inside the club."

It was only after finished walking to my car and left that I realized they were kind of attempting to mug me.

Edit: On the flip side though, unless you live in a district the city keeps the taxes artificially low in (IE, east Austin), you get reamed. Our house is from the late 50's and is valued at 215k, but our yearly property/school taxes run over 4k. Since they just took out another huge bond, I expect next years will be closer to 5.

Data Center Looks Like a Villain's Lair Out of James Bond has been added as a related post - related requested by Payback on that post.

White Mountain Data Center - Fit for a James Bond villain has been added as a related post - related requested by Payback.

*related=https://videosift.com/video/White-Mountain-Data-Center-Fit-for-a-James-Bond-villain