We have to distinguish between the Dulles Brothers and Eisenhower. The brothers were two of the biggest gangsters to ever step foot in DC. Because they were allowed to run operations without the knowledge of the president and they lied and manipulated presidents is not completely clear what Eisenhower knew.

You are completely right. There’s an entire ecosystem of right wing propaganda channels out there but most people get their news from their friends. It’s the key phenomenon behind influencer culture. And that’s how most of the damage is done.

If someone has one friend who is considered knowledgeable on current affairs and that one friend watches Fox, chances are that none of his associates will have an accurate understanding of any given topic. And that’s by design. The kind of tripe spread on fox news is inflammatory and salacious. The sort of noxious trash you’d share with friends in private conversation.

I realize this is what TikTok and facebook maximize: The friend effect. People learn from their friends. The kind of lies spread by right wing networks is magnified by social media and Russian bot farms.

I was trying to make a joke but didn’t succeed.😞

I’ve heard them call people of Indian descent the same slurs that they use for Blacks and Arabs. These are not people who get ambiguity or experience empathy.

I think theyre angry because many of the Weird Cheeto’s bigoted voters will want clarity on what kind of racial slur they’ll use as they are a discriminating bunch.

Everything you wrote lined up with the article on wikipedia so if you got something wrong I didn’t see it.

I’m referring to the book “This Time Is Different: Eight Centuries of Financial Folly” the title of which mocks the oft repeated defense of bubble investors:

https://www.nber.org/system/files/working_papers/w13882/w13882.pdf

But their point is that every single asset bubble ended up popping, despite the protections instituted by banks and governments. They also point out that the bubbles have been getting bigger and bigger

Sorry I appreciate your comment. So I read (erroneously?) that central bankers had done away with the reserve ratio in the fractional reserve banking article. And that just seems like a reckless thing to do given how prone to bubbles our economy is.

One of the main points in “this time is different” is that despite the math, we are experiencing greater and greater asset bubbles and at no point in world history were things actually different.

This seems like an already failed banking model which places lenders at the front of the pack and will lead to only larger asset bubbles. Japan’s Kiretsu system of banking led to banks taking out loans to cover up their own investment losses as they had put their money into an asset bubble which collapsed. Banks then committed wholesale fraud by disguising such losses on their books. The Japanese government then used quantitative easing. They create money ex nihilo, swap the money for a t bill, then they bought the toxic assets by giving t bills to the bank. The bank doesn’t sell the t bill, they merely collect interest on it.

The main effect is a system in which bubbles are never popped and consumers suffer a declining standard of living in order to keep asset prices high.

Thanks so much for the reply!

It looks like I would need to buy three 5x6 PCBs to cover two 5x7 Dactyl Manuforms. I noticed that you have two units of the 5x6 Wired remaining so I’ll have to wait until there’s a restock. Any estimates on when? Thanks!