Week 24
Break time...
Miran is describing today's situation exactly. When US was supplying the reserve currency when the world econ was small, there was no problem. But today, where US represents only a quarter of global GDP, problems started to arise.
Miran, Maga Lago Accords: "[Today's trade situation] reflect what can be described as a 'Triffin world,' after Belgian economist Robert Triffin. In Triffin world, reserve assets are a form of global money supply, and demand for them is a function of global trade and savings, not the domestic trade balance or return characteristics of the reserve nation. When the reserve country is large relative to the rest of the world, there are no significant externalities imposed on the reserve country from its reserve status. The distance from the Triffin equilibrium to the trade equilibrium is small. However, when the reserve country is smaller relative to the rest of the world—say, because global growth exceeds the reserve country’s growth for a long period of time—tensions build and the distance between the Triffin equilibrium and the trade equilibrium can be quite large. Demand for reserve assets leads to significant currency overvaluation with real economic consequences"
The timeline, events leading up to Watergate makes it clear, the leaks started once Nixon made overtures to China, and things got worse after the withdrawal from Vietnam.
He is right.. Nixon was likely framed. US has its private-corporate military-industrial complex, the surface state to thank for that.
Entertainment Weekly: "[Bill Murray said] When I read.. the book written by what's-his-name, Bob Woodward, about Belushi, I read like five pages and I went, 'Oh my God, they framed Nixon,'" referencing Woodward's role in breaking the Watergate scandal that led to the resignation of President Richard Nixon.. 'if he writes about my friend that I've known for half of my adult life — talking to the people of the outer, outer circle — what the hell could they have done to Nixon?'"
#Frontline #Ukraine 06/02 - 06/12
"@QasimRashid@mastodon.social
Words matter. The Israeli military did not 'intercept a ship and escort it to safety.' The Israeli military did commit a violent act of piracy against a UK flagged vessel in international waters as it fulfilled a legal right to reach Gaza and alleviate suffering, then abducted its crew and transported them by force to Israel under threat of execution.
Not a single corporate media outlet has had the courage or integrity to correctly label this horrific injustice. Legacy media has failed us all."
It's all so very broken bro
"@jacqueline@chaos.social
artificial general intelligence? brother we don’t even have the technology to create a robotic pet cat.
these mfs think they’re inventing god but they can’t even replicate a dumbass who shits in a box"
Chollet: "Beyond the perhaps superficial semantic distinction between 'reasoning' and 'pattern matching', there is a fundamental gap in the practical capabilities and behavior of these systems. You don't create an invention machine by iterating on an automation machine.
The reason we care about 'reasoning' is because of what it enables. It's not about definitions, it's about capabilities. You can use pattern matching to emulate specific well-known skills but you cannot use pattern matching to produce autonomous skill acquisition in new domains"
AIM: "Apple Says Claude, DeepSeek-R1, and o3-mini Can’t Really Reason.. The researchers argue that traditional benchmarks, like math and coding tests, are flawed due to 'data contamination' and fail to reveal how these models actually 'think'"
When will they make a movie abt failing healthcare system and rising inequality for existing citizens? They won't, bcz the beneficiaries of the system pay their checks and employ, on the cheap, the very immigrants their movies make a show of protecting.
Sensing a new Holywoke pattern, the hero saves migrants. They think they finally found one "victim" they can support and virtue signal through et infinitum...
The UA/UK attack on the Russian aircraft was designed to portray Ukraine still as "war worthy", worth to spend money on. The attack, as the overall war, benefits arms manufacturers as it can lengthen the war, earning them more money. This war makes Russia stronger, they know that, but war strengthens the wallet of certain someones for sure and thats what they really like.. their strong wallet
It's just a matter of time battery-electric plays in China go belly up, just like Evergrande did on real estate. Their ego is writing checks their body cannot cash.
Great Wall Motor Chairman Wei Jianjun: "Pure EVs are deeply unprofitable, there is no way to form a viable business model. Capital has already left after taking its profit and returns. Some early investors have already sold off their shares. Now [manufacturers are] selling at a loss just to survive"
Politico: "Trump deploys Marines to Los Angeles.. The troops will not participate in law enforcement activities, two officials said, unless the president chooses to invoke the Insurrection Act."
Politico: "Missions impossible: Can Starmer’s Cabinet get behind his plan? Ministers have been fighting the Treasury as Labour MPs grow increasingly restless... With a resurgent Nigel Farage zooming ahead in the polls and Labour MPs at Westminster in open mutiny over cuts to disability benefits, there is little appetite among ministers to deliver more bad news to voters."
Some of Italian descent look and say "these immigrants remind me of my parents". They are not like your parents. Your parents arrived via the Immigration Act of 1924. These immigrants arrived by the order of Charles and David Koch. Businessmen wanted cheap, compliant workers (whose very existence undermine left movements) and they got them.
Pay attention to the people who passed NAFTA, and their ilk, who want wide open borders - they are the same people who also kicked off a massive wave of immigration.
What difference does it make whether illegal immigrants are picked up from schools or the Home Depot parking lot?
"California Democrats push to block ICE from Schools, Hospitals and Shelters"
ICE should be able to round up illegals whether they are associated with crime or not.
"@IviChoc@mastodon.online
Israel military kidnapped the activists on international waters. It's against international law and a war crime"
IC: "In New Low, Israel’s Netanyahu has Recklessly allied with ISIS in Gaza.. The world’s most poorly kept secret is that Israeli PM.. is escalating his state-sponsored genocide in Gaza, by engaging ISIS to help “finish the job.” Bibi’s newest mercenary partner is Yasser Abu Shabab, leader of the Popular Forces of Palestine of the Islamic State"
"@DrALJONES@mastodon.social
Global march to Gaza
More than 150 NGOs & movements from 36 countries have endorsed the land march.
Participants will gather in Cairo, travel through the Sinai Peninsula, & walk to the Rafah crossing 12 -20 June.
Key demo on 15 June, "followed by rallies, vigils, & press conferences to demand the end of Israel’s siege & the opening of a humanitarian corridor."
https://marchtogaza.net"
TAC: "Mexico’s Judicial Elections Are a Triumph for Its Left Wing.. Sheinbaum’s party Morena has consolidated its control over the country."
"New CMB Discovery Could Shatter the Big Bang Model"
Runge Kutta is really an algebraic modification, a way of computing Taylor series with N terms (usually four) wout computing derivatives. But.. with automatic differentiation I bet you could compute TS, at any term count, automagically... No need for RK?
Politico: "Germany’s conservatives eye return to compulsory military service"
Politico: "Trump promised Britain a trade deal. So where is it?.. A month after the 'historic' trade deal between the two sides was announced, duties remain in place with no clear timeline for when they’ll lift"
That explanation makes me think your theory is not up to snuff, bcz the existence of Higgs itself is highly dubious. Your theory is not ruling out anything, you became a slave to the latest and not-so-greatest of "established" science.
"My theory explains Higgs particles". That could be a bug, not a feature.
"Washington ComPost"
The party (as in DA PARTY) is not as command-controlled as might be assumed... there are areas of influence, major power centers other than the president.
Putin sent Lukashenko to find out (few days ago), the claim goes
Bcz he wants to find out who is really in charge?
NBC News: "Trump says he will travel to China to meet with Xi"
The internal CCP power struggle is likely tied to party members loyal to former prez Jintao... Xi had Jin thrown out of a party conference some time ago.
WSJ: "Tesla Loses Leader of Optimus Robotics Project"
E-douche was seen to be incompetent, unable to deliver by many in the Trump admin. Trillions were not saved, and Reps suffered a loss on the Wisconsin SC election after millions spent. Eventually he was let go.. What made it worse though he was sonned on the way out, with a consolatory pat-on-the-back, a humiliating sight. E-douche tried to rescue his shattered pride by picking up a fight on a different issue later, to shift the narrative from his incompetence to seemingly other disagreements so his exit would make sense to his followers. But the damage was already done. People's perception of the cunt was irreversibly altered.
An engineer was fired from Douche after telling Fast Company.. "the federal workforce had turned out to be way more efficient than he anticipated" 😂 😂
Miran is currently an econ advisor to DJT
Stephen Miran: "[2024] [P]ersistent overvaluation of the dollar is the key mechanism for trade imbalances, keeping imports from abroad stubbornly cheap despite widening trade deficits. So how is it possible that currency markets, which are the largest markets in the world in terms of sheer trading volume, don’t equilibrate?
The answer lies in the fact that there are (at least) two concepts of equilibrium for currencies. One is rooted in models of international trade. In trade models, currencies adjust over the long term to balance international trade. If a country runs a trade surplus for a sustained period, it receives foreign currency for its goods, which it then sells for its domestic currency, pushing its domestic currency higher. That process occurs until its currency is strong enough that its exports decline and imports increase, balancing trade.
The other equilibrium concept is financial and comes from savers selecting investment alternatives among different nations. In this equilibrium concept, currencies adjust to make investors indifferent between holding assets denominated in different currencies, on an ex ante risk-adjusted basis.
However, the latter class of models becomes more complicated when a nation’s currency is a reserve asset, as is America’s. Because America provides reserve assets to the world, there is demand for U.S. dollars (USD) and U.S. Treasury securities (USTs) that is not rooted in balancing trade or in optimizing risk-adjusted returns. These reserve functions serve to facilitate international trade and provide a vehicle for large pools of savings, often held for policy reasons (e.g. reserve or currency management or sovereign wealth funds) rather than return maximization. Much (but not all) of the reserve demand for USDs and USTs is inelastic with respect to economic or investment fundamentals. Treasurys bought to collateralize trade between Micronesia and Polynesia are bought irrespective of the U.S. trade balance with either, the latest jobs report, or the relative return of Treasurys vs. German Bunds"
Middle East Eye: "Israel opposition leader says Netanyahu arming 'equivalent of Isis' gangs in Gaza.. Avigdor Lieberman said Israeli forces, under prime minister's orders, are giving weapons to 'crime families' in Palestinian enclave"
Newsweek: "The United States recently deployed a spy plane to Australia—its South Pacific ally—to strengthen its ability to conduct intelligence gathering from a forward-deployed location."
SciTechDaily: "Researchers at the University of Sharjah have developed a new technology that can produce clean hydrogen fuel directly from seawater, and at an industrial scale... In a study published.. the team reported that they were able to extract hydrogen without removing the mineral salts found in seawater or adding any chemicals.
The researchers say the method eliminates the need for desalination plants, which are expensive to build and operate, often costing hundreds of millions of dollars... 'We developed a novel, multi-layered electrode that can extract hydrogen directly from seawater efficiently and sustainably. Traditional methods face a host of problems, mainly corrosion and performance degradation caused by chloride ions in seawater,' said Dr. Tanveer Ul Haq.. the study’s lead author. The team designed a custom-built electrode that, according to Dr. Ul Haq, “overcomes these issues by creating a protective and reactive microenvironment that boosts performance while resisting damage.”
E&E News: "Groups call on Senate GOP to preserve hydrogen credit"
Ground News: "Element Resources to Build America’s Largest $1.85B Green Hydrogen Plant in California"
Ruble not rubble
CNBC: "Russian ruble: The curious case of the world's best-performing currency this year.. The Russian ruble has staged a stunning rally in 2025, emerging as the world's top-performing currency so far this year."
H2 Central: "Green Ammonia – Jülich study provides a blueprint for load-flexible production plant – and lower costs"
H2 Central: "Stellar Jet to Unveil Revolutionary Solid-State Hydrogen Storage for Aviation at Paris Air Show 2025"
Maga Lago Accords