patrick.net

Decarlos Brown, Jr. Is going to walk.

^^^ there it is. He'll be declared too mentally unfit to stand trial or some crap like that.

If the Fed doesn't lower rates dramatically, expect to see 2-5% daily price swings between major currency pairs. It won't be the US implementing capital controls, but a shit ton of foreign countries will freak the fuck out.

Already other countries are planning on implementing capital controls over US stablecoin purchases.

https://patrick.net/comment?comment_id=2208380

MolotovCocktail says

Already other countries are planning on implementing capital controls over US stablecoin purchases.

https://patrick.net/comment?comment_id=2208380

Yeah, one major reason Trump is supporting stablecoin is that the issuers like Tether invest their reserves in US Treasuries.

So indirectly the buyers of these stablecoin are investing in US Treasuries. Better than relying on the Federal Reserve's quantitative easing, or the Chicoms directly buying US Treasuries (though they reduced their holdings starting around 2014).

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How many times, over the years, have you seen someone step afoul of the left, offer a heartfelt apology with tears in their eyes, only for the mob to interpret this as nothing more than an admission of guilt, responding like piranhas to blood in the water? It is not for nothing that the left has been called the Church of No Salvation. If you are white, male, Christian, straight, you are an oppressor down to your very marrow, defined for all time by the historical sins of your ancestors. No matter how much you ‘do the work’, it is never enough, because the left is incapable of forgiveness.

This refusal to forgive is not only a gross error that misrepresents human nature. It has also proved to be a crippling strategic mistake. There is a tactical advantage in being utterly remorseless: when you are strong, you are feared, people will keep their heads down, their eyes averted, and if they speak against you it will never be above a whisper, after a glance over their shoulder, because they know that should they misstep even once they will be destroyed. Fear is not love, however; it is not even respect. Gradually, those whispers proliferate, and rise in volume. People begin to say that if they will be destroyed without mercy for even the smallest step out of line, then what disadvantage is there in taking a larger step? Fear hardens into resentment, resentment crystallizes into hatred, and then one day everything cracks.