Archive for the ‘Economics’ Category

Kowloon City as Rhizome

Thursday, September 28th, 2023

The now-torn down Kowloon Walled City was a megastructure/hyperslum/gangster paradise situated just outside Hong Kong proper.

Kowloon City was an acknowledged influence on William Gibson’s urban dystopian cyberpunk: A hyper-dense, interconnected, lawless locale whose buildings and infrastructure grew organically without rhyme, reason, planning or building codes. It was one inspiration for the phrase “Temporary Autonomous Zone” briefly popular among anarchists and Libertarians in the 1980s and 90s.

In this video, YouTuber Dami Lee argues that Kowloon City is best understood as a rhizome, a kind of horizontal-growing root that intertwines with everything.

  • “When we first started looking into the Kowloon Walled City, also known as the densest city in the world, we thought for a place that’s essentially a slum full of crime and drugs, with subhuman living conditions, there sure is a lot of romanticization about this place.”
  • “The city looks like it came straight out of a dystopian sci-fi novel.”
  • “It’s a giant megastructure part architecture, part living organism, and it’s actually something architects have been dreaming about for years. One continuous structure where you could access all the necessities of daily life but evolves and grows with time.”
  • New York City has a population density of 11,000 per square kilometer. Kowloon City had a population density of 1,255,000 per square kilometer.
  • “Kowloon Walled City was a city within Hong Kong that was technically a part of China.” It started as a fort, but after being abandoned Chinese refugees flooded there after World War II.
  • “It was known as the only Chinese enclave that the Hong Kong government couldn’t touch. But after that, it included anyone and everyone from gangs, criminals to doctors to entrepreneurs, people trying to escape poverty or people trying to capitalize on this unregulated haven.”
  • “Crime naturally flourished there with gangs, drugs, brothels. If you had an industrial business, you could ignore the fire codes, the labor codes or safety codes So you could produce goods at a fraction of the cost. You could also sell things that were banned anywhere else, like dog meat.”
  • “With unbeatable prices, industry kind of thrived here and lots of things made in Kowloon Walled City made their way back to China, Hong Kong, and sometimes even overseas. They were known especially for their fish balls and dumplings.”
  • “in Kowloon, buildings will get built, leaving these small gaps for air and light. But very quickly they get filled in with stairways, which sometimes connect it to three or four buildings. The city of Kowloon had around 350 buildings, but eventually the all merge into this one giant megastructure. The rooftops would connect, forming one giant rooftop, and even the residential units were connected to each other. And since not all the units had electricity or other resources, it allowed them to share things like power out of a single source.”
  • “It especially allowed businesses to expand strategically and organically.” Such as a strip club that lured people in to make real money in the gambling den a floor down.
  • “New buildings could attach and be integrated to existing structures. And with every new building, new circulation paths and collection points are formed which evolve and expand with the growth of the city. And at the intersection of these connections or stairs or alleys, nodes would organically merge.”
  • “Chinese doctors and dentists who couldn’t afford to get relicensed in Hong Kong, set up shop here and offer services for bargain prices, which attracted customers from outside the city.”
  • Factories gravitated to ground floors with vehicle and water access, while residential went to higher floors. “But most of the residents actually moved through the hundreds of alleys and secret paths, which all twisted and turned and stepped up and down and cut through multiple buildings. So unlike a typical city where you have one point of connection, you had multiple points of connection vertically and horizontally between multiple spaces.”
  • The hard limits of the city forced it to expand upward and inward.
  • “Even though they didn’t have a government, the residents self-organized to fix problems as they came up to deal with crime. They formed groups of volunteers to escort single women. And when the Hong Kong government released plans to demolish the city, they organized the Kowloon City Anti Demolition Committee that fought against the plan for years. Even the five Triad gangs organized garbage cleaning teams and helped settle disputes between businesses.”
  • Kowloon City was demolished in 1994.
  • At it’s height, Kowloon City was an an example of “spontaneous order” that can arise from the intersection of capitalism and low- or no-regulation environments. But much of its success was based on a rare combination of things, namely its proximity to a huge, thriving, international city, private ownership of land, ethnic homogeneity, and a ready populace of low-wage workers, many of whom had fled communism.

    By contrast, Seattle’s antifa “Autonomous Zone” thugocracy had none of these things going for it, and the only industry they brought to the area was shaking down existing businesses for protection money ‘donations.”

    I can imagine it both as a place of tremendous economic dynamism as well as someplace I personally would never want to live. Just imagine if you had a factory using deadly chemicals right below you. And I imagine the illegal activity providing a significant portion of Kowloon City’s income.

    It was an interesting, unintentional experiment, and I’m sure the vast majority of residents there fared better than they would have under the Great Leap Forward…

    LinkSwarm for September 15, 2023

    Friday, September 15th, 2023

    The Biden economy continues to batter ordinary Americans, CIA’s bribing experts to protect China and the deep state, Ukraine makes Russian ships and air defense systems in Crimea go boom, UAW goes on strike, and sanctuary city chickens come home to roost. Plus a personal update at the end. It’s the Friday LinkSwarm!

  • Joe Biden continues to work his special brand of magic on the economy: “Real household income suffers biggest drop since Great Recession.”

    Nominally, households earned more money in 2022 than they did in 2021. But thanks to inflation caused by Bidenomics, real household income (that is, income adjusted for inflation) not only fell, but fell by an amount not seen since the Great Recession.

    According to Census Bureau numbers released Tuesday, median household income fell from $76,330 in 2021 to $74,580 in 2022, a decline of 2.3%. This is the biggest drop in real household income since 2010, when it fell 2.6%. Even at the height of the pandemic, when millions of people couldn’t work, real income only fell 2.2%.

    The decline in real income was driven entirely by near-record-high inflation. According to the Census Bureau, inflation rose 7.8% between 2021 and 2022, which was the largest inflation increase since 1981.

    Isn’t not being able to feed your family a small price to pay for our elites not having to deal with mean tweets? (Hat tip: Stephen Green at Instapundit.)

  • The deep state at work: “CIA Bribed Analysts To Change Lab-Leak Conclusions.”

    A ‘senior-level’ CIA whistleblower has come forward to allege that the agency bribed analysts to change their opinion that Covid-19 most likely originated in a lab in Wuhan, China, according to the NY Post.

    The whistleblower told House committee leaders that his agency ‘ tried to pay off six analysts who found SARS-CoV-2 likely originated in a Wuhan lab if they changed their position and said the virus jumped from animals to humans,’ according to a Tuesday letter from the chairmen of two House subcommittees investigating the pandemic response and US intelligence, Brad Wenstrup (R-OH) and Mike Turner (R-OH).

    The pair have requested all documents, communications and pay info from the CIA’s Covid-19 Discovery Team by Sept. 26.

    “According to the whistleblower, at the end of its review, six of the seven members of the Team believed the intelligence and science were sufficient to make a low confidence assessment that COVID-19 originated from a laboratory in Wuhan, China,” reads the letter from the House panel chairmen.

    “The seventh member of the Team, who also happened to be the most senior, was the lone officer to believe COVID-19 originated through zoonosis.

    “The whistleblower further contends that to come to the eventual public determination of uncertainty, the other six members were given a significant monetary incentive to change their position,” the letters continue, adding that the analysts were “experienced officers with significant scientific expertise.”

  • Hunter Biden indicted on federal gun charges. A whole lot of observers think this is just an excuse to avoid indicting him (and his father) on bribery and corruption charges.
  • Ukraine seems to be systemically destroying Russian air defense systems in occupied Crimea and going after all of Russia’s Black Sea fleet.
  • Trump supports Paxton.
  • Abbott’s busses won the border battle.

    Washington refused to fully fund construction of a wall along the Mexican border as Congress obeyed the U.S. Chamber of Commerce — whom Republicans bow to — and the galaxy of gangs, drug cartels, pedos, Chinese spies, terrorists and Methodists who back Democrats. There are some overlaps. My point is, Democrats cannot destroy the nation without help.

    There seemed to be no stopping the onslaught. What to do? What to do? What to do?

    Well, they were messing with Texas and as Texans say, don’t mess with Texas.

    Its governor’s press office said in June, “In April 2022, Governor Abbott directed the Texas Division of Emergency Management to charter buses to transport migrants from Texas to Washington, D.C. The Governor added New York City, Chicago, and Philadelphia as additional drop-off locations last year and most recently added Denver as a busing destination last month. Since beginning the migrant busing strategy last spring, more than 21,600 migrants have been transported to these self-declared sanctuary cities while providing much-needed relief to Texas’ overwhelmed border communities.”

    Battles are usually fought with horses, tanks or aeroplanes. Greg Abbott used buses. As of June, he shipped 500 busloads of illegal aliens to sanctuary cities. The shipments continue.

    You want ’em, you got ’em.

    It turns out, sanctuary cities don’t want them.

    (Hat tip: Instapundit.)
    

  • Virginia Democratic statehouse candidate Susanna Gibson is complaining that there are videos of her having sex with her husband online. Gee, how did they get online? “Gibson had an account on Chaturbate, a legal website where viewers can watch live webcam performances that feature nudity and sexual activity…The videos show Gibson and her husband, John David Gibson, having sex and at times looking into the camera and asking viewers for donations in the form of ‘tokens’ or ‘tips’ to watch a private show.” It did not take Columbo to crack this case. (Hat tip: Instapundit.)
  • Robert F. Kennedy, Jr. might bolt the party that’s trying to screw him over.

    The Democrat Party has a latent disaster on its hand vis a vis one RFK Jr.

    On the one hand, they are fully dedicated to sabotaging his campaign. Under no circumstances whatsoever will he be permitted to win the nomination.

    Even if he had 80%+ support from the electorate, the sick truth is that party leadership (influenced by the consultant and donor classes) would rather lose with Brandon than win with RFK Jr. because of what he’s liable to do to the Deep State and D.C. largesse were he ever to assume office. It would be a proverbial bloodbath for the administrative state and all of the grifters who feed on it.

    On the other hand, they need to keep RFK Jr. within the Democrat Party fold because if he were to go rogue and run third party — which he, frankly, should have been doing all along — it would be a veritable death knell for the Brandon entity’s prospects in 2024, which are wafer-thin as it is.

    Whatever perceived threat Cornel West poses to Brandon’s re-election with his Green Party run, magnify that threat by 10x, 100x and you’re in the ballpark of what RFK Jr. would do to the party. It’s not outlandish to speculate that a strong third-party run by RFK Jr. might literally break the Democrat Party for years or possibly forever. That’s how sick of the party’s BS its own members, not to mention independents and non-voters (the largest, unserviced voting bloc in the country), are.

    RFK Jr. has already proven himself nearly bulletproof from relentless Democrat Party and corporate state media attacks — arguably on the same level in this regard as “Teflon” Don.

  • “Hays County district clerk files petition to remove DA, citing new Texas law.”

    There’s a petition to have the Hays County district attorney removed from office.

    The person who filed it? The Hays County district clerk.

    The petition was filed by Hays County District Clerk Avrey Anderson on Tuesday, Sept. 12. I

    It alleged that Hays County DA Kelly Higgins implemented and executed a policy or policies that refused to prosecute a class or type of criminal offense under state law.

    The petition said DA Higgins has made public declarations that he would not prosecute the following:

    • simple drug possession offenses
    • simple cannabis possession offenses
    • procedures committed by a licensed physician in the case that they are treating transgenders
    • procedures committed by a licensed physician in the case they are performing abortions

    According to the court documents filed, there’s been an excessive amount of felony possession of cannabis, methamphetamine and cocaine cases being declined for “random and nonspecific reasons.”

    I know one of the first questions in your mind: Is Higgins a Soros-backed DA? Answer cloudy. She got $2,000 from Chip Shields in Portland, OR. Shields founded Better People, a pro ex-con thing, but I can’t find a direct Soros link to Higgins. (Hat tip: Dwight.)

  • Things that make you go Hmmmm: “A representative of the Harris County attorney’s office told a district court judge that the county would use all legal means to prevent the deposition of the deputy director of election technology Jason Bruce.”
  • UAW goes on strike over wages, pensions…and mandating electric cars.
  • Let the child sex mutilation lawsuits begin.
  • Goodbye, Mittens.
  • National Review looks back at Simon and Garfunkel. Don’t agree with everything here, but they did make some great music Back In The Day…
  • 14-year-old son died after attempting the ‘One Chip Challenge.’ You don’t want to jump into that sort of thing without building up your resistance first. Me, I’m pretty sure I could do it, especially if I could find a way to make money off it. Maybe I could get 100,00 people to pledge a buck for every one I eat, and then then see how many I can eat on a live-stream…
  • Ever wanted to hear The Monkees’ Micky Dolenz do an album of REM covers? Yeah, me neither, but here’s “Shiny Happy People.”
  • Ooopsie! (Hat tip: Ed Driscoll at Instapundit.)
  • “Democrats Complain That Illegal Immigrants Are Destroying Their Sanctuary Cities.”
  • “Experts Believe Aaron Rodgers Ankle Injury A Result Of Being Unvaccinated.”
  • Boing! Boing! Boing!

    (Hat tip: Ace of Spades HQ.)

  • Also, my most recent job just ended. So here’s the tip jar, if you’re so inclined:





    I don’t usual rattle the jar, because I make good money when employed, and I’m hardly destitute, but every bit helps. If you know of any remote Senior Technical Writer positions, let me know.

    LinkSwarm For September 8, 2023

    Friday, September 8th, 2023

    I haven’t been covering the Ken Paxton impeachment because I don’t think I have anything novel to say about it that hasn’t been covered better elsewhere. Enjoy the Friday LinkSwarm!

    

  • U.S. credit card debt tops $1 trillion. Thanks, Joe Biden.
  • Truth about our current economic situation:

    (Hat tip: Stephen Green at Instapundit.)

  • Chinese nationals gate-crashed U.S. institutions more than 100 times in recent years.
    

  • How John Stewart created Tucker Carlson.

    The feature that really made The Daily Show famous was its masterful use of archival video clips to reveal the hypocrisy of the chattering classes. Stewart would set his target on some party shill or professional talking head being condescending, self-important, dishing out blame, kissing whatever ring he’d been paid to kiss. And then the show would play a clip of the same talking head’s appearance on a C-SPAN 3 four-in-the-morning call-in show from ten years ago, back when he’d been paid to kiss another ring, saying the exact opposite thing.

    There was a clip, there was always a clip. And our righteous host would send these hacks packing.

    Through all this, certain public figures would be transformed into storylines with narratives and characters, with inside jokes and recurring bits. The media’s storytellers became the subjects of a theater of the absurd. It got so that when certain figures would show up in a segment, you knew you were about to witness them receive their just comeuppance, a great spectacle of spilled archival blood. The audience would titter in excited anticipation.

    It was a delight to watch.

    Snip.

    What had created a culture of “just talking on TV without any accountability,” as one Daily Show writer put it, was not only the sheer volume and speed of the news. It was this true fact that will sound insane to anyone under the age of thirty: People on television reasonably assumed that no one would hear what they had said ever again.

    As essayist Chuck Klosterman records in The Nineties: A Book, the key characteristic of twentieth-century media was its ephemerality. You experienced it in real time and internalized what was important and what it felt like. Then you moved on. “It was a decade of seeing absolutely everything before never seeing it again.”

    People used to argue with their friends about the plot of a show or what the score had been in the ball game because, well, how were you going to check? Unless you had personally saved the newspaper or recorded it on your VCR, you would need to go to a literal archive and pull it up on microfilm.

    TV news was even shakier, as networks often recorded over old tapes. Some of this footage only exists today because of the obsessive efforts of one Philadelphia woman who recorded news broadcasts on 140,000 VHS tapes over forty years.

    And so, if you were a pundit or a commentator or a “spin doctor” PR flak, you could say whatever suited your needs at the moment, or even lie with impunity — as long as your lie did not become its own pseudo-event. Your lasting impact was whatever stuck in viewers’ heads and hearts. And if you changed your tune in the months or years afterwards, who would remember?

    The Daily Show would remember.

    The explosion of live broadcast and cable news had created a new, completely under-valued resource for whoever thought to harness it: catalog clips. Soon, new digital technology could preserve content in amber, allowing for its retrieval, repurposing, or referencing at any time.

    It’s a long essay, and I don’t necessarily agree with all the writer’s points, but it’s worth reading.

  • How Sweden got Flu Manchu right.

    There was no state of emergency, no curfews, no orders to stay at home or shelter in place. Young Swedes were encouraged to continue with their sports training and events. Schools remained open, and so did offices, factories, restaurants, libraries, shopping centers, gyms, and hairdressers. As a rule, borders were not closed to fellow Europeans and public transportation kept running.

    There were no mask mandates and not even a recommendation for the public to use masks—until January 2021, when they were recommended on public transportation during rush hours (7–9 a.m. and 4–6 p.m. on weekdays). While some other governments forced school children to wear face masks, Tegnell even warned against making children wear them, saying that “school is no optimal place for face masks.”6

    One can see how Sweden’s path diverged from that of its peers by consulting the latest Human Freedom Index, which has data through 2020. During this first year of the pandemic, Sweden’s freedom rating only fell by 0.19 on a 10‐​point scale, compared to 0.49 in Britain and 0.52 in the United States. The only rich country that saw a smaller decline in freedom than Sweden was Singapore, at 0.16.7

    Snip.

    Analysts from other countries—and even some Swedish scholars—predicted disaster. One influential Swedish model, inspired by the famous British Imperial College study, predicted that Sweden would have 20,000 COVID-19 patients needing intensive care by early May 2020 and a need for intensive care units around 40 times over capacity. By July 1, Sweden would have 82,000 COVID-19 deaths. The Imperial College model predicted between 66,000 and 90,000 deaths without mitigation efforts, and a peak demand of intensive care unit patients 70 times higher than capacity.

    Snip.

    When you look at excess deaths during the three pandemic years, 2020–2022, compared to the previous three years, you get a very different picture. According to this measure, Sweden’s excess death rate during the pandemic was 4.4 percent higher than previously. Compared to the data that other countries report to Eurostat, this is less than half of the average European level of 11.1 percent, and remarkably, it is the lowest excess mortality rate during the pandemic of all European countries, including Norway, Denmark, and Finland.

    (Hat tip: John Tierney at Instapundit.)

  • Sweden got immigration wrong.

    The latest violence has erupted in Malmo following a Quran burning by an ‘Anti-Islam activist’ according to the BBC.

    “A group of angry protesters tried to stop the burning, which resulted in a showdown between them and police,” the report states.

  • “Poland Aims To Create Largest Army In Europe Within Two Years.” Golly, who would need a large army with such historically peaceful neighbors as Germany and Russia?
  • Surprised I didn’t see this elsewhere: “Murder & Drug Chaos Forces Lockdown Of Entire Texas Prison System.”

    e Texas Department of Criminal Justice (TDCJ) declared a statewide lockdown of all its correctional facilities on Wednesday morning, citing increased contraband-related incidents and drug-related inmate homicides.

    TDCJ said most inmate-on-inmate homicides “are tied back to illegal drugs … and over the last five years, the volume of illegal narcotics entering the system has substantially increased.”

    In response to the drug and murder epidemic in Texas jails, TDCJ is implementing the following strategies to restore order:

    • Systemwide Lockdown: Each facility will limit the movement of inmates and their contact with those outside the prison. Inmates and staff will undergo intensified searches to intercept and confiscate contraband.
    • Digital Mail: TDCJ is completing the rollout of the digital mail program. Over the last few years, there has been a significant increase in paper soaked in K2 or methamphetamines coming into our facilities. The digital mail program will halt this contraband being sent through traditional mail. Effective September 6, 2023, all inmate mail should be addressed and sent to the Digital Mail Center. All mail received this week will be delivered to the digital mail processing center. More information about this program can be found here: TDCJ News – TDCJ Digital Mail Rollout.
    • Increased K9 Searches and Other Technology: To assist in contraband detection and outside funding related to contraband, TDCJ will be deploying additional resources. Specialized search teams and narcotic dogs will be deployed to units and staff will be subject to enhanced search procedures.
    • Comprehensive Searches: All persons entering our facilities at all locations will undergo comprehensive searches.

    “Due to the fact staff will be concentrating on these search efforts, visitation will be canceled until further notice. Inmates will still have access to the phone system and tablets,” TDCJ said.

    If drugs are getting into Texas prisons, there’s over a 90% chance correctional staff are getting them in there.

  • “Over 1,600 Scientists Sign ‘No Climate Emergency’ Declaration.”

    “There is no climate emergency,” the Global Climate Intelligence Group (CLINTEL) said in its World Climate Declaration (pdf), made public in August. “Climate science should be less political, while climate policies should be more scientific. Scientists should openly address uncertainties and exaggerations in their predictions of global warming, while politicians should dispassionately count the real costs as well as the imagined benefits of their policy measures.”

    A total of 1,609 scientists and professionals from around the world have signed the declaration, including 321 from the United States.

    The coalition pointed out that Earth’s climate has varied as long as it has existed, with the planet experiencing several cold and warm phases. The Little Ice Age only ended as recently as 1850, they said.

    “Therefore, it is no surprise that we now are experiencing a period of warming,” the declaration said.

    Warming is happening “far slower” than predicted by the Intergovernmental Panel on Climate Change.

    “Climate models have many shortcomings and are not remotely plausible as policy tools,” the coalition said, adding that these models “exaggerate the effect of greenhouse gases” and “ignore the fact that enriching the atmosphere with CO2 is beneficial.” For instance, even though climate alarmists characterize CO2 as environmentally-damaging, the coalition pointed out that the gas is “not a pollutant.”

    Carbon dioxide is “essential” to all life on earth and is “favorable” for nature. Extra CO2 results in the growth of global plant biomass while also boosting the yields of crops worldwide.

    CLINTEL also dismissed the narrative of global warming being linked to increased natural disasters like hurricanes, floods, and droughts, stressing that there is “no statistical evidence” to support these claims.

    “There is no climate emergency. Therefore, there is no cause for panic and alarm. We strongly oppose the harmful and unrealistic net-zero CO2 policy proposed for 2050. Go for adaptation instead of mitigation; adaptation works whatever the causes are,” it said.

  • “California mom Jessica Konen won a $100,000 settlement from her daughter’s school district, Spreckels Union School District, after Buena Vista Middle School had socially transitioned her 11-year-old daughter, Alicia, without her knowledge or consent.”
  • “Hospital Employee Leaks DEI Training Materials That Say Three Year-Olds Can be Transgender.”
  • Remember how the UK was economically lagging other countries in Europe and Remainers blamed Brexit? Yeah, not so much.

    The Office for National Statistics (ONS) now says that the UK economy actually recovered from the pandemic recession back in 2021. It turns out that wholesalers and the healthcare sector, in particular, had produced much greater output than previously thought.

    These updated figures suggest that the UK economy is as much as two per cent larger than previously believed. This means that the UK can no longer be considered the worst-performing economy in the G7. In fact, post-Brexit, the UK recovered from the pandemic at a similar rate to France and at a faster pace than Germany, Europe’s largest economy.

    The ONS’s revision is extraordinary. As one leading economist put it: ‘The entire UK economic narrative – post-pandemic – has just been revised away.’ The very basis for the Remainer elites’ narrative of doom has now been shattered before our eyes.

    (Hat tip: Instapundit.)

  • San Francisco: A dozen overdose deaths in one day.
  • Hollywood types are starting to get evicted due to the strike. Perhaps someone should let them know that you can find jobs outside the movie industry…
  • Dwight has a swell Medal of Honor story. In Vietnam, he flew four surrounded soldiers to safety hanging off his helicopter skids…
  • Why in God’s green earth is Amazon allowing people to sell AI generated mushroom foraging books on its site?
  • John Lennon wrote “I Am the Walrus” to troll English teachers and make fun of Allen Ginsberg.
  • Mark Felton visits Buckingham Palace, and is Not Amused. “The rooms open to the public are, of course, lavishly decorated. The amount of gold painted furniture, pianos and urns, similar to what I imagine Liberace’s house look like. The walls are hung with the usual assortment of well-fed Hanoverians.” Plus: No bathrooms for you, lowly peasant!
  • Can you spot the Transwoman?
  • “Vials Of Mysterious Substance At Wuhan Lab Labeled ‘Save For 2024 Election.'”
  • Boop!

    (Hat tip:

  • Dave Smith on Rogan: The Deep State vs. Trump

    Tuesday, August 29th, 2023

    If you’ve been following this blog for a a while, very little in this Joe Rogan interview with Dave Smith will be new to you. But this is a nice explanation of how the early part of the Russiagate hoax developed if you weren’t paying attention to the blow-by-blow revelations at the time.

  • They start out with playing Schumer’s famous clip that the intelligence community has “six ways to Sunday” to get back at you.
  • They go through the foolishness of the Russiagate hoax, the bogusness of the Steele Dossier, the strangeness of the Carter Page wiretap, and the lies made on the FISA application.
  • Carter Page “was approached by a group of Russians to see if he would turn and work for them. And the CIA were, like, ‘Yes he was, and he came right back to us and told us about it.’ And then when they were putting in the application for the FISA warrant, the FBI said ‘He was approached by these Russians and the CIA confirmed it.'”
  • “They’re grasping at straws and it’s very clear they’ve weaponized the legal system against this guy.”
  • It was determined by the powers that be, you know, with the corporate media, the Deep State, all of the establishment, that he was unacceptable. And that’s not new to Donald Trump. There were a lot of candidates who have been determined to be unacceptable. Ron Paul was was unacceptable. Bernie Sanders was unacceptable. Tulsi Gabbard was unacceptable. And you saw the machine weaponized against all of them to keep them out. But Trump beat the machine. The difference is Trump won… the guy who they determined was not acceptable ended up winning. And part of what was so powerful about that is that it kind of destroyed the illusion of inevitability that I think progressives rely on.

  • “It doesn’t make people reluctant, it makes people more convinced that there’s a conspiracy against him. It makes people more convinced that there’s corruption that’s fighting against him.”
  • Indeed.

    (Previously.)

    Ruble Now A Penny

    Monday, August 14th, 2023

    When Russia launched its illegal war of territorial aggression against Ukraine in February of 2022, many observers thought western financial sanctions would quickly crash the Russian economy. When Russia was cut out of SWIFT, the Ruble plunged to below a penny against the dollar, but quickly recovered, at least a bit.

    Due to various reasons (gas and oil sales, gold transfers, and the many loopholes EU countries have made for their sanctions), Russia’s economy hasn’t collapsed as quickly as many expected, or hoped.

    But just today, the ruble finally slipped back below the penny-parity line again.

    Russia’s central bank called an extraordinary meeting Tuesday after the ruble crashed through the level of 100 to the dollar for the first time since March of last year as Russia’s war in Ukraine drags on and international sanctions hit trade.

    Policy makers will publish a statement on the key rate at 10:30 a.m. after the meeting, the Bank of Russia said in a statement, without giving any further details. The central bank hiked its key rate by a percentage point to 8.5% last month, the first increase since emergency measures imposed immediately after the invasion of Ukraine in February 2022.

    The exchange rate has emerged as the barometer of health for an economy battered by shrinking export revenues and its isolation from international financial markets, bringing infighting between the government and central bank into the open.

    The ruble reversed losses after the announcement, traded up 1.8% at 97.6625 at 7 p.m. in Moscow. The currency, which had broken through 101 earlier on Monday, has weakened about 27% this year for the third-worst performance in emerging markets. The central bank had sought to arrest the slump by saying it won’t purchase foreign currency on the domestic market for the rest of 2023.

    Yeah, no one trusts Russia to hold adequate foreign currency reserves a year and a half into sanctions. So that move doesn’t help.

    Lots of meaningless Russian “economy is great” blather snipped.

    Revenues of Russian oil and gas exporters declined to $6.9 billion in July from $16.8 billion in the same period last year, according to the latest central bank data. An easing of restrictions on moving money abroad has also led to accelerated capital flight as Russians race to shift funds into foreign accounts.

    “The weakening of the ruble is the result of the international screws tightening around the Russian economy, but also the cost of keeping the economy going,” said Erik Meyersson, chief emerging-market strategist at SEB AB in Stockholm. “Nobody wants to hold rubles, and the limited supply of foreign exchange from exporters weighs on the currency.”

    Of course, Russia could get out of it’s self-imposed monkey trap by withdrawing its forces from all occupied Ukrainian territory. But I don’t think anyone is hold their breath for that to happen…

    China Is Screwed: Pipe People

    Sunday, August 13th, 2023

    I didn’t intend to do an all “China is Screwed” video roundup weekend, but the videos keep stacking up and I need to post some rather than producing a giant unwieldy post with hours of footage.

    First up: Young people’s whose job prospects and futures are so dim that they’re actually living in concrete pipes.

    Takeaways:

  • Certainly America has no shortage of transients living rough, but in contrast to ragged drug addicts, alcoholics and dangerous lunatics, the people living in these pipes look to be normal, healthy 20-something Chinese.
  • Just because you’re living in a concrete pipe doesn’t mean you can’t be a live-streamer. Like the under-the-bridge streamers seen in previous videos, you wonder how widespread this behavior is, or whether we’re just seeing the edge of the freak show.
  • “Despite the female hosts not being beautiful and the male hosts not handsome, it doesn’t affect viewership.” I do rather want to check their numbers, here.
  • “This is because it’s happening in the industrial city known as the world’s factory – Dongguan in Guangzhou.” It’s on the Pearl River Delta near Guangzhou and Hong Kong. “After more than thirty years of China’s reform and opening up, Dongguan, which has always been at the forefront of economic development, has recently seen a wave of business closures and foreign capital relocation.” See also: all those previous China is screwed videos.
  • “When foreign capital withdraws, thousands of Chinese workers lose their jobs. Among these people, some have worked in factories for decades and are now middle-aged. It’s overwhelming to be suddenly faced with unemployment and consequential cost-of-living pressures, coupled with labor competition against millions of university graduates.” I’m sure that sucks, just like getting laid off here sucks. But in a capitalist economy, even a flawed one like we have, is always going to be more flexible about creating jobs that one ruled by a communist party’s aristocracy of pull.
  • “Those who are single simply adapt to homelessness, creating their own personal space amongst the concrete pipes.” Or, you could have, you know, lived modestly, saved money, and shared housing with other people. The fact they haven’t gone this route and are instead living in pipes suggests something in the Chinese economy is even more broken than we think.
  • Foreign companies like Microsoft and Nokia are now moving to Vietnam and India. “Japanese companies like Panasonic, Daikin, Sharp, and TDK are planning to move their manufacturing bases back to Japan. Well-known companies like Uniqlo, Nike, Funai Electric, Samsung, and others are also accelerating their withdrawal from China.”
  • Like industry is also fleeing from elsewhere in China.
  • “The once bustling Bund in Shanghai is now overgrown with weeds due to lack of maintenance and tourism, presenting a scene of desolation. Everywhere in Shanghai’s luxury residential communities, there are messages about subleasing and selling at a loss. The elites, celebrities, and tycoons left Shanghai at the first chance they got after the lifting of the lockdown. The political uncertainty in China and the frequent changes in regulatory clauses by the authorities have made entrepreneurs miserable.” Communists making entrepreneurs miserable? This is my shocked face.
  • “Domestic entrepreneurs are reluctant to invest further, and foreign investors are hastening their departure.”
  • Various Chinese company specific layoffs and financial difficulties snipped.
  • “Wall Street leading figures, after enjoying three years of benefits from the broad opening of China’s financial market, are planning large-scale cuts to projects and staff in China…Goldman Sachs has lowered its five-year plan expectations, and Morgan Stanley has decided not to set up a securities dealer in China, reducing its derivative and futures business investment to $150 million. JPMorgan Chase & Co. began cutting its dedicated staff in China earlier this year.” There’s not a violin small enough.
  • In a capitalist economy, there would be some sort of middle ground between the empty ghost cities and people living in pipes near megalopolises. If you don’t regulate the economy so heavily as to make building housing impossible (I’m looking at you, California and NYC), then profit will drive developers to create housing to fill a market need. With China’s crazy misallocation of loans to unprofitable housing to satisfy regional government growth targets, supply has been so severed from demand that such market-making is impossible.

    China is going to come out of it’s decades-long growth spurt with crumbling cities and people that mostly are still poor.

    Great job, Xi!

    China’s New Enemy: Deflation

    Saturday, August 12th, 2023

    I have a whole host of “China is Screwed” videos I’ve gathered to post, but haven’t had the time to properly queue them up. So here’s a big picture piece from Peter Zeihan on China’s immediate economic foe: deflation.

  • “They never really recovered from Covid.” Aw. My heart bleeds.
  • “Growth is actually lower now than it was over the course of the last two years when they were supposedly under complete lockdown.”
  • “Consumption is down. Imports and exports both dropped in July compared to a year earlier by double digits of percentages. Normally the sort of stuff you only see out of a country like, say, Ukraine or Russia when a war starts.”
  • “We saw a demographic bomb go off in China before Covid. going back to as early as 2017, the demographics really turned negative from 2017 to 2021. The birth rate dropped by about 40%.”
  • “We’ve had all of these trends with four, five, six, years behind them, and as they’re manifesting in a more normal environment, the numbers are really, really, really bad.”
  • A whole lot of that is due to the One Child Policy.
  • Problem two: Deflation. The rest of the world suffered inflation when the lockdowns ended.
  • “The consumption boom never happened, so supply chains never had to adjust. What has happened is people are less confident in their future, so they’re consuming less.”
  • “We’re seeing mounting trade wars out of Europe, Japan, the United States, and increasingly secondary states like the Koreans are joining in. And that means the Chinese have fewer places to send stuff.”
  • “Product that was normally produced for export from China is now being locked up within the Chinese system at the same time that the population is purchasing less. You have an oversupply of goods and an under demand, both at home and abroad. With all those extra goods prices go down, and you get deflation.”
  • “This is what you would expect when you’re at the beginning of a deflationary spiral that’s caused by a fundamental mismatch between supply and demand, which is where we are going with deglobalization and the Chinese demographic. Trends which are now well past the point of no return.”
  • Japan’s deflationary spiral lasted 20-25 years.
  • Deflationary spirals are very hard to pull out of.
  • “The Chinese economic system isn’t really based on exports or consumption, it’s based on investment, the idea that the state fosters mass borrowing in order to build industrial plant infrastructure. Based on whose numbers you’re using, those are somewhere between 40-70% of the entirety of the Chinese economy, and has generated the vast majority of economic growth.”
  • “You can only do that for so long. Eventually you don’t need any more bridges, or any more factories, and I would argue the Chinese reached that point before Covid. Again, there’s been this three, four year lag between reality and the data finally manifesting.”
  • More spending won’t help.
  • “The amount of growth they get for every Yuan spent has been dropping steadily for 40 years, and now it’s in far less than one to one. So it really doesn’t matter how much more fuel and how much cheap capital the Chinese pump into the system, it’s never going to generate more economic activity than what it costs to put it in the first place.”
  • Sucks to be you, China…

    LinkSwarm for July 21, 2022

    Friday, July 21st, 2023

    More Biden corruption, a bit about music, and cute dogs. It’s the Friday LinkSwarm!

  • Here’s a fairly extensive timeline of Biden corruption.

    2009 – The Obama-Biden administration takes office

    November 1, 2013 – China / BHR:

    Hunter Biden, business associate, and Chinese investors agree to create Bohai Harvest RST Equity Investment Fund Management Co., Ltd. (BHR), an investment fund controlled by the Bank of China, to focus on mergers and acquisitions, and investment in and reforms of state-owned enterprise.

    December 4, 2013 – China / BHR

    Vice President Biden travels with Hunter Biden on Air Force 2 to China and meets CEO of BHR, Jonathan Li. Shortly thereafter, BHR’s business license was approved and Hunter Biden was a board member.

    February 5, 2014 – Kazakhstan

    Kenes Rakishev, a Kazakhstani businessman, meets with Hunter Biden at a hotel in Washington, D.C.

    April 15, 2014 – Ukraine

    Burisma, a Ukrainian energy company, appoints Biden business associate to their board of directors.

    Etc. etc. etc.

  • “California Democrats retreat on their effort to defend child slavers.”

    After initially killing a bill on July 12, 2023 that would have increased the penalties on child sex traffickers, the Democrats who completely control the California Assembly’s Public Safety Committee reversed course one day later and voted to advance the bill.

    With a final vote of 6-0, including two abstentions from progressive Democrats, the bill now moves to the Appropriations Committee, after which, if it is approved, can move the bill to be voted upon by the entire State Assembly. If passed, SB 14 will make trafficking of minors a serious felony that would qualify under California’s three strikes law, which keeps dangerous, serial criminals off the streets, and make individuals convicted of the crime ineligible for early release.

    I highlight the two abstentions by Democrats. Even after a nationwide uproar over their willingness to block harsh penalties on those who traffic young children for sexual slavery, these two Democrats, including Assembly Majority Leader Isaac Bryan (D-Los Angeles), still could not bring themselves to vote for the bill.

    (Hat tip: Sarah Hoyt at Instapundit.)

  • State Senator Charles Schwertner (my state senator) has his DWI charges dismissed. Still, he hardly crowned himself in glory. At least he didn’t yell “Call Greg!” (It did make me wonder what Rosemary Lehmberg is doing today, and if she ever conquered her alcoholism…)
  • Mexico surpasses China as America’s biggest trade partner. (Hat tip: Stephen Green at Instapundit.)
  • Remember Toast Tab’s 99¢ fee from last week’s LinkSwarm? Well, public reaction was so negative that their shares cratered and they rescinded the fee.
  • Will the Biden Administration use a lizard to kill the Permian Basin shale revolution?
  • “This car has all the annoying things about EVs and none of the cool stuff…this car doesn’t live up to any expectations. Nothing
    works.

  • TSMC delays Arizona plant opening due to labor shortage.
  • A detailed look at the recording of one of my favorite albums of all time: Peter Gabriel III.
  • Just what does electronic music pioneer Morton Subotnick’s “Silver Apples of the Moon” sound like? You know that scene in a 70s SciFi dystopia where someone’s face gets ripped off to reveal they’re a robot? It sounds like that.
  • GWAR plays for NPR. So on one side you have horrible monsters who are unbearable to listen to, and on the other side you have GWAR…
  • That’s one sly kissing bandit.

    (Hat tip: Ace of Spades HQ.)

  • College Kids: “I’ll Be Making A Six-Figure Salary When I Graduate!” Reality: “LOL!”

    Tuesday, July 18th, 2023

    There’s a difference between “young and naive” and “young and stupidly naive.”

    Today’s college jkids thinking they’re automatically going to make six-figure salaries thanks to their college degrees is the latter. Let’s look at this clip from Dave Ramsey’s show:

  • “Current college students expect to…a hundred and three thousand eight hundred and eighty dollars in their first job.”
  • “Yeah, that’s a problem.”
  • “I interviewed a bunch of high schoolers, and when I talked to them, they all were, like, ‘Well, yeah, I’m gonna make six figures when I graduate,’ and I was like ‘What makes you think that,’ right? There’s no reality.”
  • “They are way overestimating their starting salaries.”
  • The top comment on that video:

    I’ll never forget a college prep after school program I was in during high school. They were supposed to be telling us how to fill out applications and talking about student loans. The instructors actually said that you won’t need to pay off your student loans; they don’t expect you to. When I told my dad that, he pulled me out of there immediately.

    Can you earn six figures right out college? Potentially…if you’re getting a highly technical degree (Chemical Engineering, Electrical Engineering, Computer Science, etc.) and you already have demonstrable mastery of some highly technical skills. Say, you’re getting a CS degree and you already know C and JavaScript, and you have multiple projects on GitHub that demonstrate coding ability, and maybe a desirable technical cert or two, then yes, a six figure salary right out of school is certainly possible.

    But if you have a Liberal Arts degree? No. Not unless your last name is “Clinton” or “Biden.”

    People who have told kids “Hey, you can party for four years, get a degree, waltz into a six figure salary and have the government forgive your student debt” have done them a grave disservice. Life is hard, and earning a living is work. I worked a lot of crappy jobs immediately after college (retail sales, phone sales) before bootstrapping my way into a technical writing career. (It didn’t help that I’m a smart ass.) There were a lot of post-college roommates, cheap used cars, and pasta, rice and ramen meals along the way.

    Earning a college degree does not hand you a “Get Out Of Poverty Free” card, it only gives you a chance to get out of poverty, and not a very good one if you’re dragging a ton of student debt behind. The best way to avoid the boat anchor of student debt is to avoid taking out student debt. And there are a whole lot of decent paying trade jobs out there (welder, plumber, electrician, HVAC, etc.) that don’t require college degrees to get your foot in the door.

    College graduates need to avoid the debt trap of a lavish lifestyle. Live modestly, pay off your debts, and build wealth. And realize that it may be many years (if ever) before you’re pulling down a six-figure income.

    Live within your means and avoid debt.

    Here endeth the lesson.

    [Title edited.]

    LinkSwarm for July 14, 2023

    Friday, July 14th, 2023

    More Biden crime family news, Toast Tab burns diners, and a judge blocks the Biden regime censorship. It’s the Friday LinkSwarm!

  • Biden DOJ Indicts Whistleblower Prepared To Testify Against Biden Family.”

    Dr. Gal Luft, the “missing witness” from the Biden corruption investigation, told the NY Post last week that he was arrested in Cyprus to stop him from testifying in front of the House Oversight Committee that the Biden family received payments from individuals linked to Chinese military intelligence, and that they had an FBI mole who shared classified information with the Biden benefactors from the China-controlled energy company CEFC.

    “I told the DOJ that Hunter was associated with a very senior retired FBI official who had a distinct physical characteristic—he had one eye,” Luft said.

    That FBI official is widely believed to be former FBI Director Louis Freeh, who gave $100,000 to a trust for two of then-Vice President Joe Biden’s grandchildren in 2016 shortly before telling Hunter, “I would be delighted to do future work with you.”

    Now, Biden’s DOJ has charged Luft with failing to register under the Foreign Agents Act (FARA), as well as Iranian sanctions violations. He’s alleged to have conspired with others to act in China’s interest, including recruiting and paying a former high ranking U.S. government official to support policies beneficial to China.

    Democrats are turning the federal justice apparatus into banana republic keystone cops to hide their own crimes.

  • Speaking of Hunter: “How reckless Hunter Biden photographed himself driving at 172mph while behind the wheel of his Porsche en route to a days-long Vegas bender with prostitutes and pictured himself smoking CRACK while behind the wheel.” No doubt left-wingers will crow about how Hunter is “living his best life.” (Hat tip: Ed Driscoll at Instapundit.)
  • Federal judge blocks Biden’s censorship schemes. “Terry Doughty, a Louisiana federal judge, issued a preliminary injunction Tuesday blocking certain federal agencies and officials, including the FBI and the Department of Health and Human Services, from communicating with social-media platforms.” Good.
  • The U.S. Navy blocks Iran from hijacking two tankers.
  • Dispatches from The Biden Recession: “‘Something Just Snapped’: Consumers Panic Search ‘Pawn Shop Near Me.'”
  • Poland is sending Ukraine Mi-24 Hind helicopters. The Hind is getting pretty long in the tooth, but it was a tough beast in its day.
  • “I’m willing to make a bold prediction and say that by the end of October, Mr. Biden will withdraw his reelection bid, and California Gov. Gavin Newsom will be declared the Democrats’ most viable option for the presidency.” I think he’s wrong. I think they’ll try to have Newsom replace Biden at the convention.
  • Just another week in Baltimore: “30 People Shot, 2 Dead As Block Party In Baltimore Turns Into ‘War Zone.'”
  • CDC Altered Death Certificates to Remove ‘COVID Vaccine’ as Cause.”
  • Nigel Farage is being systematically unbanked.
  • Meta/Facebook’s new Twitter rip-off Threads is filled with “dark design patterns” created to thwart the user’s wishes. (That tip: Stephen Green at Instapundit.)
  • Black Georgia state rep defects from the Democrats to the Republicans over school choice.

    “When I decided to stand up on behalf of disadvantaged children in support of school choice, my Democrat colleagues didn’t stand by me,” [Georgia State House Rep. Mesha] Mainor explained of her decision in a statement to Fox News Digital. “They crucified me. When I decided to stand up in support of safe communities and refused to support efforts to defund the police, they didn’t back me. They abandoned me.”

    “For far too long, the Democrat Party has gotten away with using and abusing the black community,” she added. “For decades, the Democrat Party has received the support of more than 90% of the black community. And what do we have to show for it? I represent a solidly blue district in the city of Atlanta. This isn’t a political decision for me. It’s a moral one.”

  • Nasdaq rebalances.
  • The New York Times is doing such gangbusters business that they just laid off their entire sports department.
  • Garbage restaurant QR code menu app Toast Tab is now taking money directly out of your pockets for a “processing fee.” They’re a garbage company run by garbage people and I hope they go bankrupt.
  • For a mere $950,000, you own the home of the Butthole Surfers in Driftwood, Texas.
  • Happy Bastille Day! Here’s Jerry Pournelle’s timeless essay on the original event.
  • Hollywood Confused By New Movie That Depicts Child Sex Trafficking As Bad.”
  • Star Turn Doggy:

    (Hat tip: Ace of Spades HQ.)