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Comment Re: Can you trust the research? (Score 1) 79

Wait a minute, isn't this whole "China is ahead of the US in the hard sciences" article political? Are you trying to pretend that politics doesn't pervade every aspect of science, because every measurement is a social act?

As for Tiananmen, can I say that I visited it a lot before the actual incident, seeing lines of stone-faced Red Army soldiers guarding the Great Hall of the People, but I did not see violence coming because the guards were unarmed? Can I add that the day of the incident I was on a train to Harbin with some American friends in a touring rock group, but we heard about it and were met in Harbin by US embassy officials who told us to leave the country immediately and offered C130 transport? How stubborn was i to continue traveling (my friends took the transport), heading for Hong Kong, because all the Chinese were saying "mei shi" ('no problem'), indicating how willing they were to accept the government's crackdown?

But why did the government have to crack down?

Comment Re: Size (Score 1) 192

Are you saying banking shenanigans ended for good three years ago? What are you smoking?

Quick search reveals:

"On August 22, 2025, it was reported that the Office of the Attorney General of Switzerland had fined private bank J. Safra Sarasin CHF3.5 million ($4.3 million) for aggravated money laundering. Also, A former bank employee received a six-month suspended prison sentence in the same case."

"July 30, 2025: 6:07 am ET
HSBC Faces Money Laundering Probes in Switzerland and France"

Comment Re: Zimbabwe has the same access to unlimited cur (Score 1) 192

If Zimbabwe had the same few billion dollars, could they have avoided their crisis, which didn't rise to an acute crisis level either, on the world stage?

Am I wrong in interpreting that quotation as saying that by jumping on the potential crisis quickly (i.e. what the Fed failed to do with Lehman's), they averted a much more significant draw on the swap line?

Is it so unreasonable to think you are downplaying the psychological significance of having unlimited Fed backing, such that you don't actually need to use it to benefit from it?

If I have a rich uncle who's promised to bail me out, can I live like a pauper, yet be significantly better off than a pauper with no backing whatsoever? If I run into an expense I can't handle will my creditors treat me different because of my implied backstop, than they would treat a beggar with no backstop?

This how happy is the SNB to have the unlimited, permanent currency swap line with the Fed? Is it fair to say that if they hadn't in 2008, the Credit Suisse hing would have been a much more serious crisis (if the country was even still around)?

Comment Re: Say's Law, anyone? (Score 1) 27

"society devolves into chaos."

How chaotic is society now for those who piss off Trump? Would Venezuela like a word? How about Ukraine?

Also why not consider that global fertility is declining because even with all that health care, life just isn't fun when you're forced into suboptimal choices by the capitalist system?

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