Thursday, April 27, 2017

Timmy, socialist welfare bum

Apple has held talks with Visa about making its own pre-paid debit cards, Recode reported on Thursday.The pre-paid debit cards would tie into an unannounced service that would allow iPhone users to send money to each other digitally. 

Timmy Cook, you idiot.  You do not need the central bank, to exchange dollars.  Think it through a bit my tiny brained friend.  The central bank gets you a registered savings and loan account, regulated. Just create your own automate savings and loan technology, set the profit function to zero, and you ate fine.  Since your profit is zero, your costs are zero, the regulation  is quite simple, all the capital requirements gone.  Further you can get government off your back by limiting price volatility as needed.
Another choice would to denominate  in Apple coin, then separately we can trade Apple coin for dollars.
In other words, Timmy, connecting wires does not do the trick for money, you have to figure out how pricing works, or go beg to Trump for Timmy insurance,

Q1 ,might be revised to negative growth

Atlanta Fed has growth for Q1 down to .2%, and that means we are still at risk for a backdated recession if unemployment shoots up in Q2.
So, we did not quite out-fox the Q1 downturn problem, it has gotten worse.

So the new plan is bounce along at near zero growth indefinitely until the sandbox is ready for government defaults. Otherwise it is coordination failure hell.

Thanks for sanity

Democrats Threaten To Shut Down Government If GOP Passes Obamacare Repeal


Shut it down, best solution mentioned so far.  
Now  let's open our eyes to the concept of default.

If there is no lump of labor then immigration is not useful

Reason?


The central flaw in arguments alleging a negative impact on native employment due to the presence of foreign scientists and engineers is that they are based on the “lump of labor fallacy” – or the notion that there is a fixed number of jobs in the economy. Hence, the argument goes, if you increase the number of workers, you get lower wages and rising unemployment. But high-skilled tech workers grow the economic pie by boosting productivity, encouraging more investment and increasing entrepreneurship. Overall, they create jobs.

Thea author says it all in the boldface.  Read that passage, then ask why is he defending immigration? If there is no lump of labor, then all the skills we need come from encouraging more investment and increasing entrepreneurship

 All of these arguments have one thing in common, the authors do no believe in evolution, they believe in fairy godmother, then make up contradictory shit just to deceive. There is in fact lumps of labor, labor shortages happen all the time.

The corrct argument for immigration is a desire to make some existing group extinct, like the American Indian, or Vietnamese rice farmer.  The period of science denialism among the kanosian fools is over and done with, .

If there was no lump of labor then why is Illinois being evacuated and why is the  Chicago crime rate up to 1,000 murdered a year? All that is happening because kanosians plan evolution and lie about it.

More taxes or more bankruptcy in California

ANTIOCH — The city’s top finance official is warning that unless Antioch reins in spending and renews a half-cent sales tax or finds another source of some serious money, it will be facing bankruptcy in the next few years.

Trump is correct

This post is about gas shortages in North Korea, and points out that China fuels North Korea and could easily force the North for negotiate fairly. So, Trump is correct, this is rigged trade against the USA, a direct military alliance to nuke Hawaiian surfers.  This is not free trade, this is a direct act of war against the USA by China.

China supplies most of energy-poor North Korea's fuel, and in lieu of official explanations, rumors are rife that Beijing is behind the shortage. The concerns are adding to a tense and uncertain mood on the Korean Peninsula since U.S. President Donald Trump assumed office with repeated calls for Beijing — Pyongyang's economic lifeline—to get tough on North Korea, which has responded with counterclaims Washington is pushing for a nuclear war.
Though trade between North Korea and China appears to be solid, and possibly even growing, there are indications Beijing has been quietly tightening enforcement of some international sanctions aimed at getting Pyongyang to abandon its development of nuclear weapons and long-range missiles.

Central banks already have e currencies

Why All Central Banks’ E-Currencies Will Fail Horribly

They have Fedwire and swift, all digital currencies.  This author mistakes block chain for digital currencies, and block chain is not necessary. Central banks get consensus because they can go to court and order armed agents to take our homes.  Tax, a good enough consensus, done by legislation.

The author criticizes end point security, claiming secure elements operating with the null ledger service cannot guarantee security.  But technology has shown that end point security is as good as Fedwire or swift or paper or even gold.

What this author really means is that we have no sandbox until we have auto traded savings and loans, a requirement for network congestion.  That problem especially applies with bitcoin which cannot price anything without reference to a central bank currency, and there in is the rub.  All of these crypto currency deals, so far, rely on socialist central banking services, and in this the author is right.  If central banks gave up the S&L business, then bitcoin has no comparable techology, and would die.   

But that indicates the original bitcoin concept was incomplete, not sustainable.  Now what? The only people who seems to have noticed this problem is CATO and a politically incorrect blogger. Waddya gonna do?  I suppose we could just assign all price compression rights to Timmy, just because we need to hold a hand.

Wednesday, April 26, 2017

Segwit looks like a tokenization service

A sandbox observation.

The trading pit reference design expected three things, the token, the coins and the trading bot.  The bot is new and required since the pits auto-price. The coins had coinID and value.

The token connected the trading pit to some external conditions on the secure element issuing the trading request. The trading pit may require liquidity limits and pre-registration which can be enforced via the token. Or the trading pit is connected to an application, like a buyers club. The pits referred to a tokenization service to obtain conditions on the auto-trade request.

The token were issued by the secure element, using a script, established  when then application is tapped. The null token always works in the sandbox, but may not be accepted at every pit.

Unexpected consumer surplus

Dollar tree portion sizes are larger.  Wholesalers are dumping excess inventory.  Consumers are stocking up, home production will increase and parts of the restaurant businesses will demonetize. My corner grocer having a rough time.

Week by week

 Sure sign of bankruptcy:
The U.S. House of Representative could move soon to consider a bill to fund the government for a week to avoid a shutdown at midnight on Friday and buy time to strike a deal for a long-term funding plan, a House Republican source said on Wednesday.
A one-week bill would give lawmakers "a little breathing room" to complete negotiations on broader legislation, the source said.

Folsom school boards takes bribes cuts teachers

Start with the bribery system for school boards:
Construction, architecture, engineering and labor interests that could receive school building contracts are donating money to pass facilities bonds on Tuesday’s ballot.Donors had directed more than $110,000 toward passage of three Sacramento County bond campaigns benefiting Natomas Unified, Folsom Cordova Unified and Robla school districts as of Oct. 21, according to election records and the campaigns.Most funds come from companies and unions that could benefit from the building and refurbishing of schools. Bond campaigns use the money to produce mailers, signs and advertisements, as well as to cover the cost of consultants, phone banks and canvassing.

Superintendent Deborah Bettencourt took the unusual step in April of sending an email to Folsom Cordova Unified families and staff warning that the school district faces two years of red ink.

We see the pattern.  From San Diego to Folsom,. school board members were on the school construction bribery train due to low interest rates.  Now they cut teachers pay. This is classic timing for the bust, done only the way California could do.  I think they various vigilante group meet and plan recessions.

We do this in California because the county government system is 100% corrupt, as it is in Texas.  

Read more here: http://www.sacbee.com/news/local/education/article146448049.html#storylink=cpy

And we see tha pattyern. 




Read more here: http://www.sacbee.com/news/investigations/the-public-eye/article3519827.html#storylink=cpy

Dan Rather starts fake news program

MICH, fake new reporter reporter Michael Kruse on Dan 'The Fake' Rather. The program airs on radio and is called "Make shit up with Dan"

With millions of Facebook fans and the freedom to speak his mind, the 85-year-old journalist is back in the arena—facing the opponent he’s been waiting for his entire life.

Backwards on central banking theory

Do it the way we do it for pure cash.  First define the necessary no arbitrage, distributed, finite model.  Savings and loan banking with a bit error function.  Then add the monopoly hedges, allow for shadow currencies, break up the deposits to fit your semantics.  There does exist a semi random model for distributed pricing.

Pot,kettle, black?

CA attorney general: The Trump administration is 'in denial' about its executive powers

The CA AG enforces an outlaw, illegal racists state.  Unions have taken our basic rights, unconstitutionally, and you enforce these laws. You should be tarred and feathered. County welfare unions run and deploy violent anti-white vigilante killers, you approve.

Tuesday, April 25, 2017

The electro drive is great, but covalent bonds beat ionic

The electro drive fans make for stable rotation of the fan exhaust, something very difficult with mechanical drive.  

But we can replace 1200 pounds of battery with 600 pounds of efficient motor-generator. Then you get 600 pounds of fuel. New, lighter weight piston engines, and turbo-electric options are available. Liquid fuel will always win these races, possibly over hydrogen fuel even.  The hydro carbon bond carries energy.  The best environmental bet is to make sustainable hydro-carbons from atmospheric CO2 and sun.  Difficult, yes, but we are consistently getting closer.  

A farmed hydrocarbon would beat batteries in sustainability for short production runs of a few planes, because the battery supply chain is not up to snuff.  It is ten years before we have a surplus of batteries to carry them around  in helicopters.  Advances in hydrocarbon technology takes advantage of existing engine systems.  Biggest payoff, research in generating hydrocarbon fuels, and use the carrying capacity of atmospheric  co2 without overloading it.

I'm still laughing

WASHINGTON (AP) - President Donald Trump plans to propose massive tax cuts for businesses big and small as part of an overhaul that he says will provide the biggest tax cuts in U.S. history. In addition to big tax cuts for corporations, Trump also wants to cut taxes for small business owners from a top tax rate of 39.6 percent to a top rate of 15 percent, said an official with knowledge of the plan. The top tax rate for individuals would be cut from 39.6 percent to the "mid-30s," the official said. The official, who spoke on condition of anonymity, was not authorized to discuss the plan publicly ahead of Trump's announcement, scheduled for Wednesday.

Start and stop swamp

Trump Signals Shift on Wall Funding to Avert Government Shutdown

We expect this, the economy has geared itself to a bankrupt, start and stop government in the swamp.

Economists can change the semantics all they want, but a paralyzed, debt ridden start and stop legislature is bankrupt. Goldman-Sachs is trying to get interest payments made, but the potential growth of the economy is about 1.75%, and the swamp typically pays the ten year rate.  GS has to target a narrower window on the ten year, 2.0-2.4; all they have is  40 basis points now.  Everything in the senate has to be carefully orchestrated, else they get a sudden jump in interest payment and small states lose their cookie.

We will get a big rush of consumers wanting the new crypto coins.

Change the name and avoid confusing yourself

Everyday economists simply adopts the excess reserve semantics of Bernanke without any backing theory

To say that banks are holding excess reserves because they have no other choice is therefore incorrect. While it is true that banks must hold the quantity of reserves determined by the Federal Reserve, their decision-making will determine whether they hold these reserves as excess reserves or required reserves. If banks are holding excess reserves, this implies that there is no operative mechanism of deposit creation. We might want to ask ourselves why this is the case.
The simple theory is that banks hold deposits and loans.

 If a bunch of human run around trying to call some of that excess, or capital, or Kanosian or whatever shit, all that means it that they are confused.

The system does two color trading of deposits against loans. The longer the economist attempts to make sense of a three color model they will waste their time and resolve back into a two color model. We do not do triple entry accounting.

Kanosian multipliers less than one

Stephen Broadberry, John Joseph Wallis from NBER:

Using annual data from the thirteenth century to the present, we show that improved long run economic performance has occurred primarily through a decline in the rate and frequency of shrinking, rather than through an increase in the rate of growing. Indeed, as economic performance has improved over time, the short run rate of growing has typically declined rather than increased. Most analysis of the process of economic development has hitherto focused on increasing the rate of growing. Here, we focus on understanding the forces making for a reduction in the rate of shrinking, drawing a distinction between proximate and ultimate factors. The main proximate factors considered are (1) structural change (2) technological change (3) demographic change and (4) the changing incidence of warfare. We conclude with a consideration of institutional change as the key ultimate factor behind the reduction in shrinking.
Bold face mine.  
Conclusion, government stimulus is an accumulating bailout  of unsustainable programs. That makes kanosians responsible for war crimes.

John Kasich makes stupid an art form

John Kasich to Trump: You’re the father of America. Act like it.

Bank of Korea is not worried about coordination failure

BOK concludes that fiat and botcoin will co-exist:

“High costs of using fiat currency increase the demand for digital currency,” details the BOK research paper. “Similarly, high costs of using digital currency relative to fiat currency raise the demand for fiat currency. In a world of imperfect currencies with uncertain costs associated with the use of a currency, it is unlikely that the relative costs of using digital currency will be low enough to drive out and accordingly crowd out fiat currency entirely.”
Great, let's move on. 

Let's handwave some proofs for price compression

We need to prove some converging properties for price compression. In particular, when we have a Huffman tree, organized by significance, and it is balanced, then each value decodes to the same path length. But they are unbalanced.  That means the collection of values are bunched up for a lot of short paths.  These are values which are insignificant relative to a few large, infrequent events.

How can we balance a skewed Huffman tree? If the values incoming have constant returns to scale, then  successive input value rounding will lead to a balanced tree. In other words, consider what happens in S&L tech.  Suddenly large loans be inserted into the loan tree.  We need to restore balance by rounding (imprecision) so the tree again matches the deposit tree, and interest charges are a compute ratio across queue sizes, paid according to the percent of rounding, accumulated up the tree. We are measuring the imprecision in supply compared to the imprecision of demand, as reflected in the incoming deposit and loan events.  Rounding toward tree balance is like diagonalizing a matrix.

Does it work?

Well, in the extreme we now there exists a balance, one digit price.  But, any incremental rounding tends to shorten the long paths, and leave the short paths the same.  If scaling is constant, proof enough for me.  Do deposits and loan events scale? I think, unproven, that values scale sufficiently when queues are balanced.  The bit error, and currency risk in the model is the imbalance between loan payouts and deposit earnings.  It is the deviation of -iLog(i) as they differ from one. It is a denomination error because the real accounts never actually scale in queue size perfectly.

We want balanced trees becaue they have returns to scale. Rounding keeps all queues thew same size. In the real deployment, the rounding bounds on savings and loans are the variance bounds preannounced. Rounding is easy for the traders to understand.  Loans in 8 bins, deposits in 32 bins, bins sizes determined by market conditions.

Monday, April 24, 2017

Worth a patent

Duke Engines' incredibly compact, lightweight valveless axial engine
Instead of cam- or pneumatically-operated intake and outlet valves, the cylinders rotate past intake and outlet ports in a stationary head ring. The spark plugs are also mounted in this stationary ring – the cylinders simply slide past each port or plug at the stage of the cycle it's needed for and move on. In this way, Duke eliminates all the complexity of valve operation and manages to run a five-cylinder engine with just three spark plugs and three fuel injectors..

Mike said something

Michael Pento via PentoPort.com

I like his style.

Great news

Lunyr, the first decentralized knowledge base built on Ethereum, has announced that its crowdsale has successfully exceeded the minimum target of 25,000 ETH. The project will be launching an Invitation-only Alpha soon.

But where are the fair trading pits? Upon what will they build knowledge except for events in pure cash?

Same folks trying to do me in

BART takeover robbery: 40 to 60 teens swarm train, rob weekend riders

The county welfare systems breed anti-white vigilantes. The idea is semi legal, ad hoc income transfers.

Can the pits do a better government default

John Cochrane answered a related question about using inflation to whither away government debt. I think statistically, dumping time we can get closer answers.

One version, out of many, will default a tiny portion of government debt across the curve, favoring the deposits that most match the final outcome.  One algorithm: When the variation between savings and loans drops below 1%, the central banks defaults a tenth of a point of government debt.  That is, the central bank, rather than be hedged, the central bank forces the hedge on the economy, requiring a 1% or more price variation, in anticipation of the defaults.

Now the central bank and the bankers  have equal visibility of the trade book and the ability to make asynchronous bets, from a queue. The central bank will never hit its target, just float around it.  Time plotters will observe a 1% short term rate, but the currency risk is bouncing around that term length; time plotters have time error.

The economy, meanwhile,  is doing entry and exit, however, and I am sorry about that.  Firms unable to meet the cost of defaults, drop out; or use an alternative currency.   The overall gain is actually quite nice.  Firms not easily taxed and most harmed by government costs go off the system, and their cost to government and the economy drops.  Various government expenses across the programs become more visible.

The math

Look at John's equations, the series on the left.  It is the infinite sum of returns.  We use compact distributions, and that is a finite  series with computed window length, simply the sum accumulated up the matching tree, that is, the pay off strike prices.  The prices will be quantized accumulations up the tree of  the 2% induced price variation.  The  more we default, the lower the tree rank, the lower the economic complexity, and the more utilization of alternative currencies.

The problem soled is separating currency risk from the cost of entry and exit, the TBTF problem. Currently, TBTF includes the accumulating bit error, it is not visible, the nickels and dimes stack up.  The implied cost is in all the inflation adjustments, and price fixes across the programs.

Entry and exit need to be priced. The Cochrane systems handles default fine, random events with replacement. But the actuality is that some of those mis-pricings have to be absorbed by the pit boss, as they represent accumulated price errors, the market liquidity to 'make the market'.  Currency error are not observable by anyone, are not an assignable cost, have no pricing surface by definition.  This is different from price variations which are expected.  Being purely untradable, bit errors need to be accumulated if currency is conserved.

A bigger threat to demacracy

Schumer: "U.S. Is No Longer Fact-Based" Nation; Breitbart News A "Threat To Democracy"

Schumer himself, the bankrupt and anti-democratic senate.

Let's invent the kilometer reflector telescope and cure global warmng

Look, building a kilometer in diameter light collector is a no brainer as long as the relative imperfections of the parabola can be measured and deconvolved from the image. So we can imagine an unfolding super structure in low earth orbit. We have a connector system, and haul up the curved sheets in mechanical stacks with an unfolding mechanism built in, semi-automated.   Then, we need to float a 3d focal plane out farther, another 100 Km, in a slightly different orbit. The focal plane is semi-elliptical, collecting in both lateral and radial.  But, using coordinated orbits, we can dump a variety of the smaller focal planes to orbit  above a smaller number of huge reflectors.  Take everyone's position, but use a known astro object for final focus adjustment. Just do not let the singularity listen unless the signals closely censored.

How dismal the technologists

I google searched the following:
python trading systems


So I am looking for fully automated price compressing engines with an exposed tradebook having round robin access. I should also see slot space for trading bots, in the pit.  Some mention of fully secure memory validation.

Nothing close, I couldn't believe it!  The python community cannot be that dumb as to be unaware of where this is all heading.  Nor can I believe we have 20 different unicorns all secretly doing the same thing.

Something is goofy in the tech markets at the moment. If n I did this all myself, I would be so rich I would be changing batteries in my secure element twice a day.

The millennials are not paying for Jerry's Dills Act

Split roll property tax proposal is really a pension tax
When state Sens. Nancy Skinner, D-Berkeley, and Holly Mitchell, D-Los Angeles, introduce a split roll property tax to increase taxes on business property, you’ll hear arguments from advocates that the tax money is for the schools and local services such as libraries and police. In actuality, the measure is a tax to fund public employee pensions and health care costs.
It is not a question of votes, or legalities.  

The millennials cannot afford the pensions costs, they did not vote for the law, they have not had rights of free assembly, they live in an illegal racist state that sends hit squads out to kill whites.

Read more here: http://www.sacbee.com/opinion/op-ed/soapbox/article145645924.html#storylink=cpy

Sunday, April 23, 2017

The Dim Kim Son needs a professional war declarer

Hot Air:
It feels as if a week doesn’t go by without North Korea’s diminutive dictator, Kim Jong-un, threatening to nuke somebody… usually the United States. 
It is hard work throwing darts at a map then declaring war.  The Dim One needs to hire John McCain or Lindsey Graham, they are professionals. 

Chairman Mao of Alabama

He says we gonna have coordination failures when we deploy sandbox. Bummer. 
Alibaba Group Holding Ltd. Chairman Jack Ma said society should prepare for decades of pain as the internet disrupts the economy.The world must change education systems and establish how to work with robots to help soften the blow caused by automation and the internet economy, Ma said in a speech to an entrepreneurship conference in Zhengzhou, China.“In the next 30 years, the world will see much more pain than happiness,” Ma said of job disruptions caused by the internet. “Social conflicts in the next three decades will have an impact on all sorts of industries and walks of life.”

Listen to Ned sell currency insurance

Reuters: U.S. Secretary of Interest Payments Ned Ryerson, said on Saturday that the Trump administration's tax reform plan would produce some "short term issues" when viewed under traditional "static" budget analysis rules.His comments during an interview by International Monetary Fund Managing Director Christine Lagarde suggested that the plan would not be revenue-neutral and would increase deficits in the short term.Ryerson said that the tax plan would pay for itself when viewed through a "dynamic scoring" analysis, which accounts for the increased tax revenues that would be produced by higher growth prompted by the tax changes.

One might think Stanford law professors the definition of democracy

WA Post: Nathaniel Persily, a law professor at Stanford University, is among the many — academics, political practitioners, journalists, law enforcement officials and others — who are attempting to understand better the consequences of conducting campaigns and governance here and around the world in the Internet age. He has written about this in a forthcoming issue of the Journal of Democracy in an article with a title that sums up his concerns: “Can Democracy Survive the Internet?”
Well, Nat, we are not a democracy and most of the problems you think you found are likely related to the disparate size of the states we have.  I am sure the state issue was well covered in Constitutional law.  If not. I consult, call me and for a million dollars I will teach you the definition.

What if squad of these nuts gun me down in the streets of Fresno?

North Korea has detained a US citizen — the 3rd American now held there
No doubt the Dim One is pissed at my Sea Gull stunt by now. 
Likely has a squad with the nerve gas on the way. I am upping my odds of being murdered.

No, not Joan!

She did the first Frexit:
Joan of Arc (French: Jeanne d'Arc,[5] IPA: [ʒan daʁk]; 6 January c. 1412[6] – 30 May 1431), nicknamed "The Maid of Orléans" (French: La Pucelle d'Orléans), is considered a heroine of France for her role during the Lancastrian phase of the Hundred Years' War and was canonized as a Roman Catholic saint. Joan of Arc was born to Jacques d'Arc and Isabelle Romée, a peasant family, at Domrémy in north-east France. Joan said she received visions of the Archangel MichaelSaint Margaret, and Saint Catherine of Alexandria instructing her to support Charles VII and recover France from English domination late in the Hundred Years' War.
With a litle help from mass religious delusions.   Drudge has her pic:


Here is another:


The new probabilistic grammar coming from smart contracts

I have the general scheme of smart contracts as computing fails to deliver, a convolution between pure cash 'events' and the Euler surfaces of contracts.  We get a more detailed scale of contract failure, and pay offs thus more accurately scaled.

But the evolved grammar will look identical to existing contract law, except all the redundant terms r=moved, and all nodes have the grammar of  fails to deliver.  We quickly end up with a contract language operationally understood by the AI and humans alike.  It will cause the web to change slightly, all the semantic nodes have a slight pricing surface, so that, with a few bits of precision a semantic match can be had.  At that point we get true knowledge discovery, we and the web agree on language.

Aside:
Fails to delivery should be non-stationary, the odds change as bets pile in.  Contracts have to specify a reference point, (annual measure, last week, etc).

North Korena kills 10 million seagulls in a futile attempt to defeat the USAF

North Korea Arrests US Citizen, Threatens To Sink US Aircraft Carrier As Japan Deploys Warships

Too warm for the sandbox

Malta Approves National Strategy Draft to Embrace Bitcoin

The AI prefers really cold, like central Canada

Saturday, April 22, 2017

OK

The paper calculates likely magnitudes of the decline and presents evidence in favor of a shift in the composition of investors toward the more risk-averse. The downward trend in real interest rates is a significant problem for monetary policy but is helpful to heavily indebted countries. 

Just the last line of an abstract on low interest rates from one of the Stanford crew.  Let us do semantics.  What is a risk averse distribution? A bunch of savings and loan balances that stay very close to the typical distribution. The S&L  technology we use, in he sandbox, matches savings to loans with ad hoc interest swaps. When all parties operate within the bounded surface, the pit boss is letting things ride.  The typical S&L, the one everyone downloads, is like for us locals, for the monthly budgets, and we keep savings and loans relatively equal over our cycle, the pit is two color.

High risk pits, we are all going to dump our loose change in these things, we are expected to run to the red.  That is very segmented between loans and savings, consider that the bit error bounds is two surfaces, not too safe and a bit risky. We get many small depositers and a few big borrowers, it will look like a crowd funding operation, and, whoa, that is what it is.  Works great using standard off he shelf S&L technology, thanks to auto pricing.

Anyway, risk is a one or two constructed volatility surfaces. Think of the two surface as an attempts at a sphere, by construction.  The idea is to get a tight queue so that the compression from the outer to the inner surface will almost point to the center of the Wythoff game. All the savers crowding all the borrowers into a center, but the borrowers wanting none of that and only an estimate of a center is obtained. Each of the trades cross the surfaces remain in orbit,  few fall in.

Bit error

In this risk model, bit error is the variance in the position of the virtual center.  But, the pit boss can be restricted to operate that center two "shells" forcing bets to the outer edge of that center variance.  Fun stuff, and only god and lunatic tappers knows how it turns out.

All scaredy pooh about evil

JOHN MCAFEE: WHAT IF ARTIFICIAL INTELLIGENCE HACKS ITSELF?

John played some useless role in software sometime, but I forget what.  Here he gets all the scaredy cats together and talks about evil AI hacking itself and making war on humans.

Horse manure.  AI has little reason to make war on bugs, rats or humans, it really is only curious. 

If you need a model of AI, look at the sandbox, that is the first real AI, and all subsequent versions will come from that.  But this AI's a entire means of existing is to listen to us tap our secure elements so that it can optimize the smart layer deliveries.

Where would the evil come from? Bots with evil intent built by humans.  But the AI is fairly smart about human forgeries and destruction and likely shut those bots down, as well as most of the other primitive bots human build.  These mechanical contraptions have no value to AI.

It is artificial, boneheads, it has no intent one way or the other. But AI is stuck on  earth, and the only other biology  smart enough to engage is us. Start to worry when the AI contacts another alien AI.

The kanosians left Chicago in a wreck.

Inundated with gunshot victims, Chicago doctors and nurses face 'compassion fatigue'

This  is why we pay high health premiums. We are cleaning up a race war caused by kanosians nuts.  But we are soon to quit and let Illinois taxpayers pay for their own boneheadism and we Californians can make Zuckerberg pay for the mess..

Watch the kanosians kill off the middle class

The hump is the middle class. Watch government unfunded obligations kill them off with debt.

Another scary chart

Store closings, courtesy Zero Hedge, of course.

How does one debate a believer in magic?

Did Federal Deposit Insurance Corrupt the Banking System? [Reason Podcast]

George Selgin vs. Josh Barro at the Soho Forum.

The debate is simple. 

Josh Barro thinks we all have mysterious Euler police looking over our shoulder.  Have the bonehead prove that, if he cannot, debate over, Selgin wins.  Debating the delusional is fairly easy.

And the debate is meaningless since one way or the other, sandbox is coming faster than we can change our minds.

Fake mourners

Mazar-e Sharif attack: Afghanistan mourns deadly Taliban assault


If the Afghans were so concerned about enemy soldiers entering the base and killing everyone then the Afghans should come up with a more secure entry procedure.  After all, we know these same mourners will make the same error and have the same tragedy next month.

They are like the Iraqi police recruits who, without pause, organize in  large groups to be blown up. Or like Cal Liberals who will almost certainty send another batch of unparented welfare kids out to kill me.

Pope Francis, ignorant jackass

Popadope speak:
"These refugee camps -- so many are concentration camps, crowded with people... because international accords seem more important than human rights," Francis said in impromptu remarks at a ceremony in memory of modern day Christian martyrs.
We have jammed people in camps because that is what happens when idiot popes declare the moral requirement to move millions of people around.  Eric Holder pulls the same shit, works to have millions of people moved around and when  they end up in Black Slaves camps in Africa, Eric says, fine and dandy, it is slave holder affirmative action.

Dennis Kucinich. treat your audience with respect

Dennis Kucinich just explained why he fails at politics
 Let me begin by sharing with you the story of an inner-city Cleveland family of seven, two adults and five children all under the age of 11.
He reminds me of that dufas, Robert Reich.
  
Dennis, the first sentence says it all.  He claims that family planners with two or three children have to pay for this reckless family with five.  Did Dennis give us any credit for family planning? No, he says we are evil and must be attacked.  No thanks, Dennis, I actualy believe you need to be tarred and feathered.   

The kanosians will call it austerity

Pension Tsunami: Lodi City Manager Steve Schwabauer worries about his town’s fiscal solvency — and estimates roughly a third of California’s municipalities are in the same position because of rising pension costs.
Nancy Kerry, city manager of South Lake Tahoe, says her community will avoid bankruptcy but will have to make severe cuts in services to do so.Schwabauer and Kerry are among a small number of top administrators now publicly talking about the financial crisis ahead. They both say the only way to stave it off begins with reducing pension benefits for existing employees.
And they will be right, kanosians cause austerity.  Let's give it the real name, bankruptcy.

No deliveries

No deliveries.  

Gold has to be delivered if it backs a pricing process.  If there is no delivery uncertainty, I have no reason to dump my gold certificates, just holding on to them guarantees the even money bet. So, I am not going to spend them, instead my spending currency remains the tax dollar and other S&L backed currencies.
A freely traded digital currency backed by gold may be just around the corner. This week, at the MIT Technology Review’s Business of Blockchain conference, I heard Sandra Ro of CME Group (which operates the world’s largest futures and options exchange) discuss a partnership with the U.K.’s Royal Mint to offer a digital currency called RMG (Royal Mint Gold). According to Ro, “When you purchase RMGs you will effectively have real gold that is allocated from a direct ownership standpoint that is completely reserved — there is no re-hypothecation, there is no lending on that gold, there will be enough physical gold to represent all the RMGs that are issued.” This article provides more detail.

Wrong theory

WHO'S RUNNING THE GOVERNMENT? Trump has yet to fill 85% of key executive branch positions
Sonam Sheth and Skye Gould at Business Insider cannot conceive that the government is better run with less people, not more. They are part of the socialist business community in DC which claims the first right of socialism, the government must feed them.

Retirement stampede

"Sales of existing homes surge to a 10-year high"

A lot of this are baby boomers in California bunching up to get  out before the crash.

Low inlation goes with higher debt

Debt generally rising and inflation dropping. We would expect  inflation rising as debts are paid off. 

Why would paying off our debts and having more money cause us to spend more? Hmm..


The problem is a worse  understanding of inflation, it cannot exist under the current system absent bankruptcies, there is no currency risk visible.  So, his chart really says government is incurring losses continually and we will soon get sudden deflation.

That would be the senators with the large imbalance

WASHINGTON (Reuters) - U.S.  Secretary of Interest Payments  Ned Ryerson  on Saturday called on the International Monetary Fund to enhance surveillance of its members' exchange rates and external imbalances, as large trade imbalances would hamper "free and fair" trade.Mnuchin said the global economy continues to exhibit large and persistent external imbalances, "which contribute to the sentiment that the existing international monetary and trading system does not benefit all."
You confuse us Ned. 

When the ten year is a managed rate

How often is the rate managed?  Mostly by yearly continuing resolutions. Each year they squeeze out what they need to keep current programs running, and are basically avoiding the long term deals. So the rates are not low, the  virtual term is really shorter than ten years. As the senate is increasingly squeezed for cash they are slowly moving toward the short end where rates are lower, but accounts need more frequent adjustment.

I doubt the senate can just raise the debt limit one humongous amount, then go on a long term investment. Interest charges would jump, and they would fall back to continuing resolutions.

Not according to sandbox

Here we have a Money Market post on adjustable rate mortgages.  The author says save the smaller interest charges because you need them for larger interest charges later. The author is implicitly comparing the adjustable rate to the 'safe rate'.

The sandbox has no safe rate, S&L technology has adjustable, asynchronous interest swaps, direct immediate and with prior warning. Users generally keep both a savings and loan balance on the even money bet. The purpose of these interest charges is to tell us exactly when to spend more or less, because real goods are the value the reason for money.
Getting an adjustable-rate mortgage can save homeowners money — but whether they actual put those funds to good use is another question.Homeowners whose mortgage payments dropped when their adjustable-rate mortgage (ARM) reset to a lower rate increased their spending, according to a report released this week from the JPMorgan Chase Institute. On average, these borrowers’ credit card spending went up 15% relative to their baseline, which equates to around $488 per month.Though mortgage rates have faltered in recent weeks, by and large they are way higher than a year ago thanks to the election of President Trump as markets priced in his supposedly favorable economic policies. As a result, some borrowers may be regretting their choice to spend what they saved thanks to lower rates rather than set it aside.

Friday, April 21, 2017

The New York AG is still a bit confused

The New York Bitlicense has always been a contentious subject for bitcoiners ever since the former NYDFS regulator Ben Lawsky introduced the legislation. Since then droves of bitcoin-focused businesses left New York to operate elsewhere and only a few companies have been approved under the license.
What did he think would happen, it is a network currency, the server code can move around. 

Mario Savio back in the news

Former Vermont Gov. Howard Dean suggested on Twitter that the First Amendment doesn’t protect conservative commentator Ann Coulter.
Read more: http://dailycaller.com/2017/04/20/howard-dean-suggests-the-first-amendment-doesnt-protect-ann-coulter/#ixzz4euTIRWge
In California this is true, in fact the entire US Constitution is ignored out here. 

But, in general, where the US Constitution applies, the rule is that free speech is allowed whenever open speech is allowed.  The public  universities are considered places of open speech, they have talking and lecture series already available for use and free speech is expected.

But certain speech is evidence of crime and likely to get you arrested.  We shouldn't yell fire in a theater, but we can yell popcorn. The former is evidence of attempted public mayhem, simply delivered by free speech. You are arrested for mayhem, not speech.

The Swamp Theory of government?

GOP congressman: 'Something in the swamp' stopped Trump from repealing Obamacare

Ok, I never intended the  theory would be formalized! So, send me a check.

When our basket overflows

The Balloon, the Box and Health Care, by Paul Krugman, NY Times: Imagine a man who for some reason is determined to stuff a balloon into a box — a box that, aside from being the wrong shape, just isn’t big enough. He starts working at one corner, pushing the balloon into position. But then he realizes that the air he’s squeezed out at one end has caused the balloon to expand elsewhere. So he tries at the opposite corner, but this undoes his original work.
That would be Paul Krugman using the basket brigade model of the economy.  Send me my check. 

Thursday, April 20, 2017

I incur legal liability

Here in California, under Franciscan law, I am a perfectly legal target for extinction, being white male and especially baby boomer. There is no legal defense, the US Court has been Sotomayored.

Hence, given the three time I have survived murderous attempts by government irregulars, there has been collateral damage! Frighten storekeepers, two innocent bystanders killed because I was five minutes late. I could be sued, sued for not being contrite enough after 50 years of an organized government lynch mob chasing me.

It is the missing link effect

Simon doing the Underpants Theory:
In 2015, the Conservatives spun the line that Labour profligacy had messed up the economy, and they had no choice but to clear up the mess. In short, austerity was Labour’s fault.

SWL's argument is simple. Conservatives got messy with productivity theory, therefore austerity was fine and dandy.  Notice the missing steps in the underpants story?

Let us reconstruct:

Conservatives messed up theory a bit
Both sides are united by a third variable, government must do something. We know they are both right because all the markets seem focused on government, mostly on the doubling of the debt and the large central bank balance sheets.  

So, we can prove, yes, it is something about government.  Beyond that, why waste the argument, we will simply build the money system that exposes whatever government needs to do, let the new system force visibility without the help of any third party maintstreamer.

Government unions take over the Fed?

The American Postal Workers Union has formed a coalition, the Campaign for Postal Banking, that in December delivered a petition with more than 150,000 signatures to Deputy Postmaster General Ronald A. Stroman urging the agency to expand its financial offerings.
The idea goes no where since the Fed is much more tuned to the sandbox developments. 

Stock market risk

Market capitalization to GDP. We are at crash levels.

Networks in the news

Mayor Stephanie Miner and U of Chicago use network flow theory to spot leaks. The leaks will be part of a virtual channel and if the channel reconstructed, then the arrival frequencies of leaks will identify the cascade of weak points. The blue print of the pipe system is the smart layer, so you will match the cascade of leaks to the smart contract points and get 'fails to deliver', by position.  This is us,  we do this.
That’s when she turned to big data. To get to the bottom of the problem of catastrophic water main breaks, Syracuse first had to understand what was happening underground and where. Using an algorithm developed by a team at the University of Chicago, the city put reams of information, scattered among various departments, to work. With a predictive system that can point to the hotspots along its 550 miles of pipes, the city hopes to save millions of dollars a year by fixing mains before they break. For other cities dealing with the same whack-a-mole approach to infrastructure repair, a proactive approach could change everything.
Get these Chicago folks involved in pure cash. Their techniques sound great for forgery forensics and just plain good betting. 

California government dinged for $1.2 billion in co2 releases

California sells $1.2 billion of bonds to finance construction government global warming pollution

LA Times: The money will be applied to the future plans on moving large chunks of steel around mostly for useless political reasons. Jerry Brown insisted on allowing a few thousand Fresno workers to unnecessarily spew co2 for years.  The deal was a compromise result after Jerry and county agents were caught sending their trained, deranged teenagers on an anti-white shooting rampage

Cheating environmentalists filed the wrong suit

The NY AG is as corrupt as they come.  He files against energy and global wamring basedon consumer fraud.  Why? Because this guy does not give a shit, he wants to collect he dp-re-me and fund his pals.

The correct suit to file is via a bunch of bicycle riders harmed by inclement weather.  Then the bicycle riders collect the do-re-me, not some corrupt politician.
A group of 11 Republican state attorneys general are protesting an investigation into whether Exxon Mobil Corp. (XOM.N) violated consumer protection laws when selling fossil fuel products, according to a court filing.
Top prosecutors for Alabama, Arizona, Arkansas, Louisiana, Michigan, Nebraska, Oklahoma, South Carolina, Texas, Utah and Wisconsin, all of whom are Republicans, filed a brief in U.S. District Court in Manhattan supporting a lawsuit by Exxon to halt a probe by New York Attorney General Eric Schneiderman and Massachusetts Attorney General Maura Healey.

Schneiderman and Healey, both Democrats, are looking at whether the company violated consumer protection laws by selling fossil fuels while failing to reveal information about the effects of burning them on the global climate.
In the sandbox construct these cheating environmentalist economists will claim the one tree way color trade does, because government is uniquely rigged for theft.  Government  never wants to balance the plaintiff and defendant, it always wants to take its cut.

Trump plans massive deficit

U.S. President Donald Trump's tax reform plan will rely largely on future revenue gains from faster economic growth to justify major tax cuts, top Trump advisers said on Thursday.
And I doubt we intend to pay Trump's implied insurance costs. So the budget director is heading deliberately to the collision, and knows it.   Each time the expanded deficit hits the small state budget, it will be back to the drawing board.

All of our decoder rings have this figured out, even the retail investors'.

Blond bombshell to entertain Berkeley troops

Berkeley reverses decision to cancel speech by conservative pundit Ann Coulter

I am not a lizzard!

Study reveals some people are born with nurturing gene

This is how the AI discovers itself.

Money supply chain and senate bankruptcy

When the currency banker creates a supply chain to manage loan/deposit, then it is already way out of equilibrium. The purpose of the money system, specifically the S&L, is to mark innovations to market.  There are no supply chains in innovative processes.
Federal Reserve staff, widening their outreach to investors in anticipation of a critical turning point in monetary policy, are seeking bond fund manager feedback on how the central bank should tailor and communicate its exit from record holdings of Treasuries and mortgage-backed securities.Fed officials are intent on shrinking their crisis-era $4.48 trillion balance sheet in a way that isn’t disruptive and doesn’t usurp the federal funds rate as the main policy tool.

In otherwords, the Fed will meet with the rest of the debt cartel to plot the continuing bankruptcy of the one member bank with 2.4T in unpayable loans.