Previous month:
February 2023
Next month:
April 2023

Banksters Gone Wild

Vox Day on no-limit deposit guarantee:

Now the protection level has been made de facto limitless, which means that the next series of failures will threaten the collapse of the entire system. This is the fundamental problem with centralization, as it removes the protective limits of decentralization in a foolish, and inevitably futile, attempt to avoid the consequences of limited failure.

Yup. Banks have zero incentive to be prudent going forwards. They'll take even more risks. If they succeed, then they'll get praise and wealth via high stock prices. If they fail, then they'll keep their bonuses and the Fed will bail them out.


D.I.E.

More people will die thanks to DIE:

It's just a matter of time. A passenger jet will fall out of the sky and kill hundreds because the pilot was hired on the basis of diversity. In addition to paying out millions, the owners should go to jail.


Suicidal altruism

Sweden is turning into a low-level warzone thanks to the blessings of diversity:

On a bitingly cold morning in Stockholm, two days ago, I stood among 200 mourners in a Muslim cemetery, set in a magnificent pine forest. They had come to bury a 15-year-old Afghan boy who had been shot dead, allegedly by a gangster of the same age.

Yet as his coffin was lowered into the frozen ground, it seemed to me that we were also witnessing the death of Sweden’s great multi-cultural dream. [...]

Last year, the country saw 63 fatal shootings. In the UK, whose population is six times the size of Sweden’s, there were 35 in 2021. This cradle of liberalism is, along with Croatia, the most trigger-happy nation in Europe.

They're definitely doing the jobs that Swedes just won't do:

One jaw-dropping film, captured for bravado on an accomplice’s mobile phone, shows a masked boy stalk into an apartment block, in a smart residential area, and pepper a door with 15 rounds from an AK-47 machine gun, neither knowing nor caring who might be behind it.

This is sad and funny at the same time:

The upsurge in violence in Sweden is said to be rooted in a turf war between The Kurdish Fox and a rival drug lord called The Greek.

If someone had asked you to name the country where two gangs called the "Kurdish" and the "Greek" were fighting, then would Sweden be your answer? It certainly wouldn't have been in my top three choices.


Interesting times

High inflation, lower real wages, the upcoming spike in taxes, and the probability that we're in the beginning of WWIII all point towards this reality.


More pain in 2023

Looks like the stock market is going to tank more as the average bloke sells whatever stocks he has to make his mortgage payments.

Update: Yup.


Small sanity in Clown World

This ought to be common sense:

A Vermont Christian high school forfeited a girls basketball game because the opposing team had a transgender player, the head of school said.

Vicky Fogg, head of Mid Vermont Christian School, said the team decided not to participate "because we believe playing against an opponent with a biological male jeopardizes the fairness of the game and the safety of our players."

Absolutely.


The Boomer is oblivious

The average annual income in my city is $40,000. After tax, that's $35,000.

The average house price is $750,000. Assuming that the average guy saves up $100,000 and then gets a $650,000 mortgage today, his monthly payment will be $4,000! Yeah, the mortgage is 137% of his monthly income.


Clown World will kill you

Discriminating against White or Asian applicants to increase the numbers of colored nurses and doctors? BRAVE! PROGRESSIVE! SO INCLUSIVE!

Parents discriminating against likely mediocre colored nurses and doctors and seeking out competent Whites or Asians for their health questions? LAYSISM! BIGOTED! CANCEL!


A very bad idea

And what happens when the stock price tanks? Amazon is already down ~50% from its all-time high. Amazon was down 90% after the dot com crash.

Will low wage employees of Amazon have to put up additional collateral or extra cash in a future downturn to keep their house? Combine that with inflation and high interest rates and you've got severe financial fragility.


Extremely inferior

Funny, the same applies to the oil-rich countries in the Middle East. The rulers have acquired insane amounts of wealth over the past century but if the Americans were to leave then the Arabs would be back to sand and camels.