Nojay

Nojay

  • Commented on Unforeseen Consequences and that 1929 vibe
    If their fellow banks don't want to loan them the money then the central bank will create money out of nothing with spreadsheet entries and loan it to them. It will? The Bank of Credit and Commerce International would like...
  • Commented on Unforeseen Consequences and that 1929 vibe
    the fascinating (and rather stomach-turning) account of how the Japanese got into Nationalist Ideology, got it in their heads to be a western-style empire, complete with empowering myth (based on Shinto), conquered Korea, Manchuria, and various Pacific Islands, Is there...
  • Commented on Unforeseen Consequences and that 1929 vibe
    Philosophy, Politics and Economics. No direct equivalent at Cambridge. Or anywhere else. It's worth noting that a number of Labour MPs are Oxford PPEs, it's not just an escalator degree for Tory SPADs and the like. OTOH Maggie Thatcher's degree...
  • Commented on Unforeseen Consequences and that 1929 vibe
    The TPP (whatever form it takes now) or other free trade deals might also boost the economy? Japan has (in the past few days, in fact) signed a free trade agreement with the EU. It's limited to a number of...
  • Commented on Unforeseen Consequences and that 1929 vibe
    So the banks were given leeway to get money moving into the economy but instead sat on their ass(ets) and lots of folk suffered. One problem is that the borrowers weren't actually borrowing the money on offer to them at...
  • Commented on Unforeseen Consequences and that 1929 vibe
    Banks lend more than they've got in reserve from savings, but they're limited by law and regulation to lending up to a multiple of that reserve. Bad Things happened when they lent based on imaginative and esoteric valuations of holdings...
  • Commented on Unforeseen Consequences and that 1929 vibe
    There's a "hair shirt" economic theory that says human beings doing anything to the world is bad because it changes things. The difficulty with that concept is that it's attempting to straightjacket "the world as it is now" while time,...
  • Commented on Unforeseen Consequences and that 1929 vibe
    Also we live in a time where inflation fears are mostly irrational, especially for developed countries. This is because developed countries are TERRIFIED of inflation because it destroys currencies -- try buying something today with Confederate dollars, for one example...
  • Commented on Unforeseen Consequences and that 1929 vibe
    Given the fact that national governments generally issue fiat currencies that cost virtually nothing to produce, and is a monopoly issuer of that currency, why should budget deficits be "unsustainable" for such a government? Inflation and the loss of "full...
  • Commented on Unforeseen Consequences and that 1929 vibe
    What about the other part? Can victim's families sue for damages? Charlie replied:In theory maybe; in practice, nope. The family of Stephen Lawrence tried to bring a private prosecution for murder against three people they thought had killed their son....
  • Commented on Unforeseen Consequences and that 1929 vibe
    it depends on which specific power plants you mean. It was a Thing in the mid-to-late 60s to "industrialise" rural China with small, often tiny and impractical factories in people's backyards making steel, producing machinery components and the like. Part...
  • Commented on Unforeseen Consequences and that 1929 vibe
    I'm guessing somewhat but there was thing in Revolution-era China during the end of the Mao period called "The Great Leap Forward" when a lot of localised industrialisation was carried out, village-sized steel-making plants and the like and it's possible...
  • Commented on Unforeseen Consequences and that 1929 vibe
    Typical bulk electrical power prices in the UK are about £50/MWhr on the grid. A lot of Bitcoin mining operations (multiple AntMiner 9 rigs in large racks) in China are based close to small and medium-sized hydro power stations (anything...
  • Commented on Silence is ending (soon)
    Australia was most certainly not part of Britain by 1922 but for some reason the UK was able to sign a treaty that required Australia to sink it's only battlecruiser. Assuming the crew wasn't on board at the time it...
  • Commented on Silence is ending (soon)
    Who was the genius driver in the green VW Beetle that kept getting in front of both of them though?...
  • Commented on Unforeseen Consequences and that 1929 vibe
    MS Defender AV catches Java bitcoin moiners served up with ads etc. and quarantines them. I've had a few instances of "HTML/Brocoiner" which I understand mines Monero sent to the Naughty Corner. I expect most other AV packages can do...
  • Commented on Unforeseen Consequences and that 1929 vibe
    Also, invading in autumn would leave them having to dig in for a winter occupation ... but the RN would be trying to mount an invasion in winter, which would be even worse. Ahem, southern hemisphere. The invasion and subsequent...
  • Commented on Unforeseen Consequences and that 1929 vibe
    The public key used to encrypt a message sent to someone is a very large number which is the product of two large prime numbers (XY). Decoding the message needs both the prime numbers X and Y. Factoring a really...
  • Commented on Unforeseen Consequences and that 1929 vibe
    Pulling away uphill from a standing start using accelerator, clutch and hand brake is part of the British driving test. Rolling back even slightly will take points off, rolling back significantly will be an immediate fail. This is the test...
  • Commented on Unforeseen Consequences and that 1929 vibe
    What it means is that SpaceX doesn't have a paying or even unpaid customer for a fifty-tonne lift launcher, even one that's willing to risk a first-try launch failure. My own useful cheap fifty-tonne payload would be a couple of...
  • Commented on Unforeseen Consequences and that 1929 vibe
    I believe that a lot of bitcoin action is occurring in the criminal field. It's difficult to become rich doing drugs, people trafficking etc. these days without compliant banks and financial organisations and they're getting tracked down and stomped on...
  • Commented on Unforeseen Consequences and that 1929 vibe
    The origins of money in history aren't that important to what money has become today, a tokenisation of the structural and material wealth of a nation however imperfectly distributed. Big-L and small-l libertarians are fixated on the Shiny! and can't...
  • Commented on Unforeseen Consequences and that 1929 vibe
    Ordinary money is stuff that a government promises to accept as a payoff so that it won't steal your property. That bit about "steal your property" sounds very big-L libertarian to me since the only thing that permits property to...
  • Commented on Unforeseen Consequences and that 1929 vibe
    I said: the 30kW of heat-death-of-the-Universe from a dozen servers turning and burning in the basement keeps everyone toasty. And for the summer? Open some windows? It's not an uninhabitable equatorial hellhole like Florida, it's France. If it gets hot...
  • Commented on Unforeseen Consequences and that 1929 vibe
    It might make sense to put bitcoin miner rigs in the basements of apartment blocks[1] and use the spent electricity to heat people's homes. Instead they're located up mountains in China next to cheap hydro power plants and the waste...
  • Commented on Silence is ending (soon)
    ANFO is used commercially in quarrying and other extractive industries. It's a liquid(ish) slurry and needs to be well-mixed before being pumped down a hole. It is very inflammable and requires careful handling during mixing and pumping but it generally...
  • Commented on Silence is ending (soon)
    Actually it burns very-nicely-thank-you, and it doesn't have to be all that big a heap before the heap itself provides enough confinement to make it go bang. By "slow" I mean in terms of explosions -- oxidation takes minutes, combustion...
  • Commented on Silence is ending (soon)
    The "Anarchists Cookbook" is probably eligible for a lifetime Special Darwin Award due to the numbnuts who have blown off appendages, manipulative and/or reproductive by thinking that reading the book makes them a super-Genius when it comes to making explosives...
  • Commented on Silence is ending (soon)
    Actually you need hydrofluoric acid, not elemental fluorine to make UF6. Not QUITE as nasty but damn close. It was one of the things during the run-up to George Bush's Excellent Iraqi Adventure when we were fed the Dodgy Dossier...
  • Commented on Silence is ending (soon)
    I thought most turn-of-the-century pistol ammo had gone to cordite or other nitropropellants because of the corrosiveness of gunpowder residue aided and abetted by mercuric percussion caps (Down Styphon!) Was .455 S&W the same? I had a 1917 S&W .45...
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