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1  Economy / Economics / Re: Own a house or rent one? Quick survey! on: June 17, 2021, 12:47:08 PM
So owning a house or renting, this story comes to mind:

This was not really a scandal, but it did make rounds last week because the story is that a wall st. firm is buying up homes at a high mark, paying out like 1.2x or 1.5x the home's value. Now, some have speculated that a housing bubble was beginning to form with people dumping their investments, pulling out of liquid currency and putting it into real estate, but the idea here seems to be a a giant firm buying up tons of homes in a local community so that it can force people to rent.

Two things to consider: Renting obviously is a bad economic investment, paying a mortage is better in the long run, but when a firm worth billions can outcompete the average home buyer, driving up prices, does that force you to rent?

Another thing, say you are forced to rent because of out of reach prices, does that mean Blackrock now has local monopolies in communities where they bought up all the real estate?
2  Economy / Economics / Re: USD Inflation over the last century. Bitcoin can protect you even in the US. on: June 16, 2021, 03:37:30 PM
To me that chart only tells half the story. Annual inflation matters, if we believe it, as the CPI does not accurately reflect the effects of currency printing, but even more important is cumulative inflation. An average inflation of 3% causes you to lose half your purchasing power in a few lustrums. Of course, if there are big spikes it is even worse, and the best way to protect yourself is to buy inflation-beating assets, Bitcoin being the one that seems the best, at least in the last 10 years.

The average inflation rate year per year does matter, yes, but that's only if the economic situation looks better -- meaning, do we expect the printing machine that is running on overdrive to be pulled back over the next few months, which would then combat the 5 percent inflation rate for USD? The answer is probably no. USD becoming worthless so soon is not something I predicted, but hey, the numbers don't lie!
3  Other / Politics & Society / Re: Joe Biden is President of the United States of America on: June 16, 2021, 03:35:07 PM
Biden Putin summit:

Biden will raise some issues probably related to Russian hacking/meddling, perhaps human rights issues, maybe Putin's hit jobs (lol). Putin likely to deny everything, poke fun at Biden being slightly senile and having his handlers do a lot, so all in all, nothing will be accomplished.

Interesting highlight, a bit of a Biden blunder, him pausing for a long time on whether or not Putin is a killer -

4  Other / Politics & Society / Re: Coronavirus Outbreak on: June 15, 2021, 05:24:46 PM

Delta variant Coronavirus outbreak in the UK - Data shows that roughly a 3rd of all ER visits had at least one dose of a vaccine, a lesser percentage of those that visited the ER were fully vaccinated.

Significance of this is that the vaccine appears to be vulnerable to the Delta variant, to some degree, but you reduce your chances of being susceptible to the Delta variant by being fully vaccinated. Previous variants held up pretty good to variants, but this variant has the potential of getting out of hand very quickly.

It's not 90%, but >96% today, and preliminary data shows it's 64% more infectious, and 84% more pathogenic, than the Kent variant.
Big Pharma should ASAP deploy new vaccines, effective at combating the spread of the newest variants. Effective not just at preventing hospitalisation,
this is not enough, effective at reducing the spread. And all existing vaccines, which are useless at reducing the spread, should be immediately discontinued,
except for vulnerable people. The ineffective vaccines only serve as a selection mechanism for increased immune evasion.

The vaccine isn't useless, *yet*.

In fact, the vaccine's been great against most variants. What people don't realize is that variants don't really become variants because of a survivorship bias.

Meaning, Sars-Cov-2 can mutate, aka become a variant, spread to a vaxed person, but then the vaxed person combats this variant and we never end up hearing about it because the vaccine was effective and the variant doesn't spread.

So we only hear about the variants that end up spreading due to either a lack of herd immunity or because the variant truly puts up a fight against the vaccine.

So basically, vaccine is still working as of now.

The theory some might argue is that COVID becomes seasonable, and in that case the vaccine would become useless, and they would need to make one every year just like the flu.
5  Other / Politics & Society / Re: [POLL] What is the best covid-19 conspiracy? on: June 15, 2021, 04:33:25 AM
Hmmm, so this NYT piece makes me a bit more skeptical about the virus's origin:

Shi Zhengli, China's 'Bat Woman,' breaks silence amid calls for a closer look at the theory that the coronavirus escaped from her lab in Wuhan. I dont know how the world has come to this, constantly pouring filth on an innocent scientist," she said.

I'm sure she's just an "innocent scientist", trying to play the victim card I suppose.

We all know China would never let her speak out without repercussion, so are we really suppose to believe this is an "innocent scientist" that's being demonized by the entire world who wants to know where Covid came from?

Who knows. But, her statement makes me even more of a skeptic, so she isn't very persuasive.
6  Other / Politics & Society / Re: How the Government made you fat on: June 14, 2021, 11:40:16 AM
So all things considered, does the government have a responsibility to help fight obesity? Should they implement a tax on fatty foods?

I believe that simply changing the current nutritional guidelines for others that are more suitable for human beings would be enough. Do not tell people to follow guidelines that make them fat and diabetic, etc.

Why should they tax fats? If you talk about fats that come from vegetable oils I might agree, but not fats from eggs, avocados and butter.

Even if the guidelines change, will anyone listen to them? Probably not. I wouldn't say I'm for or against a tax of bad foods. Perhaps just neutral. The thing is -- it is your choice to be morbidly obese. If someone is a healthy individual, should they have to pay the same tax for sugary or fatty foods that an obese person would have to pay? But also, the world is getting fatter and it costs a lot of government money to take care of obesity and obesity related sicknesses, so maybe there might be a public interest in getting people to put down the cheese burger and pick up a salad.
7  Other / Politics & Society / Re: Coronavirus Outbreak on: June 14, 2021, 11:33:10 AM

Delta variant Coronavirus outbreak in the UK - Data shows that roughly a 3rd of all ER visits had at least one dose of a vaccine, a lesser percentage of those that visited the ER were fully vaccinated.

Significance of this is that the vaccine appears to be vulnerable to the Delta variant, to some degree, but you reduce your chances of being susceptible to the Delta variant by being fully vaccinated. Previous variants held up pretty good to variants, but this variant has the potential of getting out of hand very quickly.

8  Other / Politics & Society / Re: How the Government made you fat on: June 13, 2021, 07:36:17 AM
Also to consider, male testosterone levels have been decreasing over the last few decades. Researchers say it's obesity, lack of exercise, and a sedentary lifestyle which might cause this. This could lead to fertility issues too.

So all things considered, does the government have a responsibility to help fight obesity? Should they implement a tax on fatty foods?
9  Other / Politics & Society / Re: How the Government made you fat on: June 12, 2021, 07:12:28 PM

See here for satiety values -

Satiety values are not about calories, it just means how different foods will make you feel full. So carbohydrates (breads and pastas) are all empty calories that have don't make you feel satisfied, so you eat more and more. Leaner proteins, fish definitely, makes you feel full and the kcals aren't bad either. I haven't heard of elevated nitrogen levels just by eating a high protein diet, so that lady might've had other health conditions going for her. Plenty of people do high protein low carb diets with no problem.
10  Other / Politics & Society / Re: How the Government made you fat on: June 12, 2021, 05:34:19 PM
As much as I would like to blame the government for making me fat, it's quite obvious by now that eating too much shit (well, not literally) and not exercising enough is the reason, not what the government may or may not say. If you want the real culprit, juicy burger ads probably do more damage but in the grand scheme of things -  personal responsibility FTW.
You have commented rightly more about this. Like I implied already in my previous post, exercise is needed also, we can not expect someone with sedentary job not to exercise and not becoming obessed, exercise is very important for normal healthily body function and to also still reduce the bad cholesterol in the body (the low density lipoproteins). According to scientific researches, it is clear that intake of sugar (carbohydrates generally) can make someone obessed, even it is one of the dietary nutrient that many fatty people reduce in their diet. But for normal healthy diet, it must contain at least 65-70% carbohydrates which is very important for the glycolytic process and bodily energy generation, while some are stored in liver and muscles. But the excess will be converted into fat and amino acids which may result to obesity. But someone that is exercising oneself will not be obessed as many of the sugar will be converted into pyruvate which will be used in the energy generation process, while many lactic acid generated also from sugar will be use in muscle buildup rather than lipogenesis (fat build up) and also amino acid generation which can later resulting to obesity.

Trust me when I say there isn't a human in the first world that has any problem getting carbohydrates for glycolysis. Carbs are so abundant that we have such a tough time keeping them away, and seeing that just about every food is loaded with sugars or sugary syrups (high fructose corn syrup), you can't avoid it. You don't even need to exercise, just keep away sugars, get in a lot of protein (protein has a high satiety value, in fact, carbs on the other hand don't make you feel full, yet they're high in kcals).

Ketosis works as well (keto diet, low carb), metabolically all the fats you eat get broken down into fatty acids and then thrown into a catabolic pathway, but you need to watch for your cholesterol. 
11  Other / Politics & Society / Re: How the Government made you fat on: June 12, 2021, 05:53:41 AM
Yeah, it's kinda like how way back all the nutritionists demonized fats but then the food companies started loading up on sugar, because "zero fat! was the eye catching headline. Then high fructose corn syrup became dirt cheap and they loaded up every food on the planet with sugary syrup. Even if you look towards government for nutritional advise (imagine doing that), how are they going control Americans from shoving burgers and chips down their gullet? Don't trust them for much.
12  Other / Politics & Society / Re: Geopolitics expert warns China preparing for TOTAL WAR against the United States on: June 12, 2021, 03:44:51 AM
"Nyquist is a high-IQ researcher" lol, okay.

Don't have to be a stable genius to recognize China is an enemy of pretty much any civilized democracy in the world. No shock they collude with Russia for military alignment, steal US R&D, and silence any dissent so they can keep their government in power. It won't be an all out war, just rising tensions, perhaps a pissing match here and there.
13  Other / Politics & Society / Re: Coronavirus Outbreak on: June 11, 2021, 02:59:45 PM
Concerns of black fungus in India tied to COVID outbreak -

No evidence that this is spreading to other countries as of yet, and they're still investigating this -- but it's worth mentioning that India already has insane amounts of poverty tied with very bad hygiene. I didn't really expect them to get a grip with Covid until the damage was already done, which includes new strains originating and spreading, along with other conditions like this "black fungus" fiasco.
14  Other / Politics & Society / Re: Did you take the vaccine? tell us what happend? on: June 11, 2021, 01:55:50 AM

I guess if your child is horribly obese with some other sicknesses, it makes to get them vaccinated, but children taking the Pfizer vaccine, some are being hospitalized for heart inflammation. The chance obviously is low, but it doesn't make sense to me that a child should be rushed to be jabbed. If you're an adult, it makes sense.
15  Other / Politics & Society / Re: Coronavirus Outbreak on: June 10, 2021, 07:52:24 PM
well if people are talking about the covid death numbers.

its simple
take the number of people dying within reasonable time of testing positive for covid. WHO HAD THE SYMPTOMS

then look at all mortality death.
and separately look at the 2 separate data points

what you will find is if the all mortality rate went up. and the only common denominator change to the environment was covid

and then when you look at the covid death numbers and realise their spikes and dips fit into the EXCESS death numbers neatly.

you start to see that covid did cause more deaths than normal

if covid cause zero deaths and it was just a error of reporting cause of normal deaths.. there would not be excess deaths. .. nor would there be a pattern between the excess deaths and the new event

but reality shows that there was excess deaths and that coincided with covid deaths being the cause of the uptick rise in deaths.. thus covid does cause deaths.

and once you have analysed the data..
then you can go ask the doctors on ICU wards.
then will give you witness testimony that people were dying due to infections in their lungs and not something else.. like excess gun shootings.
yep ICU were not filled with excess gun shooting victims. they were filled with lung infection patients
who subsequently died.

thus adding to the proof that covid causes deaths

No one is doubting that Covid causes deaths (except for the crazies, but no one takes them seriously anyways). The point I was making was when the early studies came out on the Covid fatality rate, there was no sense in taking them seriously because their data wasn't even accurate to begin with.

If you take any experimental procedure for any study and start with a false premise (for example, like working with data that isn't accurate), the study's worthless from the start.

So it's easy to pull out whatever study you want, no matter what the topic is. Not all studies are created equal.
16  Other / Politics & Society / Re: why revolutions and movements fail at their desired outcome on: June 10, 2021, 06:45:36 PM

Ahh, the Boston Tea Party, one of my favorite American historical events because of the pettiness and successful retaliation against the British. Do not mess with the brits and their tea was the moral of the story, but also do not mess with Americans and their freedom.

Problem is today, most "revolutionists" don't have the same passion. They rally behind something no one cares about.
17  Other / Politics & Society / Re: Coronavirus Outbreak on: June 10, 2021, 06:37:40 PM
No no, you're right I absolutely did not read that one article you linked because I figured it'd be a waste of time, and in fact it was! I've already tried to see if there was any decent research about there on masks, there isn't any. There are laboratory replications and then "meta analysis" case type studies.

These weren't laboratory studies.  They were real world studies.  If you read the article, I don't think you would have said what you did.

They are *case* studies. All that means is that they take data that is already produced and then try to make sense of it. This is different from a scientific experiment where you conduct an experimental assay, record the data, and then analyze the data.

You are leaving out one critical part of a rigorous study; the protocols.

It should be the case that a study is designed around a hypothesis.  The details of how the study is to be performed are known as the study protocols.  They should be agreed upon ahead of time.  The agreement should be between interested parties ('stakeholders' is the current buzzword).  The protocols should define exactly how the study is to be performed and what the observations lead to what understandings.  aka 'interpenetration.'

If the protocols are changed after the study begins it should be terminated and started over from scratch.

Science is like a chain being only as strong as it's weakest link.  That's what the whole 'citations' things is all about.  Any paper predicated on citations from a study which was not performed correctly and honestly is subject to itself become damaged.  That's why it is so important that 'scientists' be neutral and honest.  Unfortunatly that car crashed into the weeds a long time ago and we entered the new dark ages of 'scientism'.

See, the protocols of some of these studies aren't even that useful in the real world. Even if they change them for whatever reason, it's not like we learn anything from the start.

What do we learn from a meta analysis where they examine COVID confirmed fatality rate? Do we actually learn what the fatality rate of COVID is? No, not unless you take into account the general age of the population, other confounding variables, and then take the data and cross reference it to other data. I remember when researchers tried to use China's numbers to try and determine the fatality rate of Covid. No matter what the protocols (aka experimental basis), the results don't mean anything.
18  Other / Politics & Society / Re: Thomas Sowell Quotes on Greed, Socialism, Racism, and More on: June 10, 2021, 06:31:25 PM
I think disparity of outcome should be addressed somewhat, but not excessively. And I think a small wealth tax (not just an income tax) might be a good idea. But my main problem is with inequality of opportunity. There is a widespread belief that the rich 'deserve' to be rich, and the poor 'deserve' to be poor... certainly this is true in some cases and to an extent, but in large part wealth is inherited, and opportunities are inherited with it. Did Trump become president entirely on merit, did it have absolutely nothing to do with inherited wealth? Same with Boris Johnson here. Most of the leaders of my country went, as children, to the same private school, an opportunity which is out of reach of all but the very richest in society.

I believe that we should strive to give everyone, not the same outcome, but the same chances... or at least close to the same chances. And I think this might result in fewer $5 billion yachts built from 10,000kg of gold, and more safe drinking water that doesn't contain faeces.

What does a wealth tax accomplish? How do you tax wealth?

Say I have a painting that is worth 10,000 USD. Say I have zero USD in my bank account. My net worth is 10,000 USD, my wealth is valued at 10,000 USD.

Does a wealth tax mean I must liquidate my painting in order to pay?

You can't tax wealth, you can tax income. The moment you start taxing wealth is when you start driving rich people out of your country, or of course, they start stashing their money away in the cayman islands.
19  Economy / Economics / Re: Risk of Inflation in Economy. on: June 10, 2021, 01:34:26 PM

Literally all across retailers in the US, you will find stories about how they are increasing their prices on all products. Scary stuff. But as the WaPo article above indicates, lawmakers in the US are saying it's just temporary. Sure, the inflation is temporary. But are the effects temporary? Nope! They last a life time, and then some. Once prices increase, they don't go back down. And then who gets hurt? The consumer.
20  Other / Politics & Society / Re: Thomas Sowell Quotes on Greed, Socialism, Racism, and More on: June 09, 2021, 02:13:55 PM
TL;DR: Thomas Sowell believes that there is no such thing as inequality of opportunity, no such thing as systemic discrimination, no such thing as the rich and powerful exploiting the poor and vulnerable. He believes that the son of a white billionaire has the exact same chances in life as the daughter of a Mexican illegal immigrant who has to work three jobs just to pay the rent. He's also - although there are no quotes on this above - a climate-change denier.

I'm wary of taking isolated quotes out of context, but there's a clear pattern that many of his statements and opinions are driven by the almost rabid antipathy characteristic of an extremist ideologue, and many, notably his aversion to foreign aid, are morally indefensible. If you genuinely believe that there is no problem with a largely untaxed billionaire spending a hundred million dollars on a new yacht rather than saving millions of lives in poorer nations by providing safe drinking water or malaria nets, then it says a lot about your position on a lot of subjects. But who cares about anyone else, right, so long as you have enough $$$ yourself? 'F*** the poor' appears to be the overriding sentiment, as if poverty were entirely a choice.

He believes that the welfare system has turned out to be complete garbage over the last 30 or 40 years because it displaces blacks even further. His arguments are that the cure can't be worse than the disease. Take minimum wage for example, he says raising the minimum wage which might help out black people because they are lower down on the income scale means that only those that actually have a job benefit. When businesses begin to slash their work force because they can't afford the minimum wage increases, what happens to all the minorities that lose their jobs? Do they get to reap the benefits of the 15 dollar minimum wage?

Watch his interview here: It's very informative to his real positions.

Also worth watching his views on AOC type policies:
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