THREAD: first we must define courage proper: dafties would call people like ANTIFA "courageous" simply because they put themselves at risk. If you define courage as the ability to be afraid and still think, I'm your man.(/) @nglinsman @amlivemon @Halsrethink
The best definition is widely quoted in an author I find myself thinking of more and more these days, Tom #Clancy: at odd points, Jack Ryan is defined as "a good man in a storm". That, of course, includes providing for the fact storms occur.(/)
MORAL courage, as in "trying to be objective", has been noticeably absent. I love strong opinions, provided that one can agree to be as fact based as it's possible and proves to have a coherent moral compass. I have an example of that: (/)
People who liberally say "Covid's #UK variant" can't be forced with drill and pliers to say "China Virus". I find that beneath contempt. Marvin Udall said it best: (/)
People, especially in authority, seem to have forgotten a basic tenet that underlies both Common Law and Roman Law based systems: "Law" is defining what the KING is bound to, not citizens. Citizens would be bound by authority anyway.(/) @GrayConnolly
So, every time basic law concepts get chipped away without anybody in power paying its pound of flesh, the situation @DrPippaM and @Halsrethink talked about gets leveled up.(/)
If authority changes the rules as it goes, in its favor, without offering anything in atonement, it's bad. Two things about the Covid saga enraged me: no one paid for having been caught with our collective pants down after #SARS2003 is the first. (/)
The second, and MORE important, is that authorities do not deem fit to say what will happen after COVID has gone. I for one would follow nonsensical injunctions more gladly if I had a firm injunction in the law that unless all liberties are restored, there will be "things".(/)
The obvious one would be listing the present political class, and have them all interdicted from any political and/or public company posting for life if it doesn't happen. Of course, that would include all postings in regulated entities. No Citadel for you guys.(/)
Will it happen? Hell no. Hence, both Pippa and Harald would put me well into the "rogue" category. I will do my utmost to undermine any rule I can demonstrate it is an idiocy. (/)
Now where is that a problem? obvious. There were many on the books already BEFORE Covid. but the Faustian pact was "we are an abusive sorry lot but we will take responsibility if things go south". Guess what.

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More from @gbponz

2 Jan
Io ho vissuto la crescita del luddismo italiano dagli albori. non tutti quelli della mia età sanno chi fosse, ad esempio, Felice Ippolito. it.wikipedia.org/wiki/Felice_Ip… (/)
L'italia è un paese con scarse risorse naturali che si è sempre tenuto su con l'ingegno e l'inventiva. Ma l'inventiva è come un seme: il terreno non deve essere avvelenato. (/) doingbusiness.org/en/rankings
Read 8 tweets
2 Jan
THREAD: on.wsj.com/3hHsJHl you might not think so, but this is also part of the #QE side effects. Artificially suppressed rates defer costs way after an incoming administration bent on wayward spending has come and gone. (/) @bondstrategist @nglinsman @Halsrethink
on a practical policy level, #QE is akin to trying to solve your house bug problem by liberally spraying carpets with breadcrumbs. do YOU eat bread? sure. But that's no reason to behave like that.(/)
But the best is for later. There is a feedback loop where through higher taxes, regulation and legislation, money must be kept in political hands, be they "private" or directly public. Ladies and Gentlemen here's the deal:(/)
Read 4 tweets
30 Dec 20
THREAD: THAT is the Mother's milk this political generation has been raised on. For them, "Price" is not something born out of an heuristics no participant needs to know much for it to work. (/) @nglinsman @amlivemon @Halsrethink @bondstrategist @jeuasommenulle
Hence authorities' daft approach to market rules, for which look no further than #NIRP: Their beloved "professional" money is buying something that would have had my illiterate grandmother grab her shotgun. (/)
Yet, the main culprit of that is not the political class. It's the Central Bank, which abetting the loss of power of savers in favor of authorities and banks, and adding NIRP, excised the continuous test policy had to pass. (/)
Read 4 tweets
23 Nov 20
THREAD on #ECB digital currency:
According to Italian media, there is a relevant news item. (1/7) @nglinsman @Halsrethink @amlivemon @mtmalinen @bondstrategist @chigrl @RobertMCutler
A paper reported that Frascati has been selected as the central repository for all #ECB Central Bank Digital Money transactions. That implies a number of possible inferences:
(2/7)
1. As always, the #EU "Consultation process" is a pathetic farce. Unless you were part of that microscopic part of the population, professionals not compromised with involved entities, no one told you diddly squat.(3/7)
Read 7 tweets
21 Nov 20
THREAD: bit.ly/39aYZQK I am on @parler_app , with the same handle, and I post on either. #Parler is not yet up to spped relative to #Twitter, apart on one thing... which is the reason it will be kept alive. (1/)
Twitter has done things that at inverted roles would have caused mass demonstrations, Parliamentary inquiries, and a total fracas. to name one, Blocking the @nypost twitter page for having published articles from said journal not "approved" by Twitterverse.(2/)
That was imho the starting point of the huge number of people opening a Parler account (mine is from 2019. But I am more paranoid than a Russian). Those, however, have not dented traffic on twitter by those accused by the establishment of "setting up their echo chamber".(3/)
Read 5 tweets
21 Nov 20
Mmm... it's not built to wage war, but as a political ship it's far from harmless. For example, it puts the #IRGC s finger on the Jugular of the rest of the regime by threatening to fire those missiles.(/) @RobertMCutler @shaun_riordan @vtchakarova @BaldingsWorld @nglinsman
Until now, the IRGC had two roles, an open "bodyguards of the Mullahs" internally, and a more or less covert "instigators of trouble" abroad. That makes sense in an asymmetrical world where no one retaliated by establishing similar troubles in your country.(/)
After the "Green Revolution" demise, Mullahs and IRGC take it as a given that their house is secure, and now that Turkey is a friend that's taken to the bank. But Brown Shirts tend to tragically cut their heads off while shaving at the behest of pesky political masters.(/)
Read 8 tweets

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