June 2022 - cypherpunks - lists.cpunks.org

Linux Kernel 5.18 Released, Enables Creepy Secret Intel Payware CPU's w SDSi
by grarpamp 02 Jun '22

02 Jun '22

https://www.zdnet.com/article/linux-kernel-5-18-arrives-heres-whats-new/ https://github.com/intel/intel-sdsi https://www.theregister.com/2021/10/19/intel_sdsi/ https://www.phoronix.com/scan.php?page=news_item&px=Intel-SDSi-Platform-x86… https://lwn.net/Articles/884876/ https://www.phoronix.com/scan.php?page=news_item&px=Intel-Software-Defined-… https://lore.kernel.org/all/20210924213157.3584061-2-david.e.box@linux.inte… The SDSi driver provides an interface for applications to provision an "authentication key certificate" that's written to memory and used to authenticate a "capability activation payload".

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Cryptocurrency: Borrowing and Tyranny
by grarpamp 02 Jun '22

02 Jun '22

A Case For Government As A Borrower To Limit Tyranny by Gary Marshall from www.economart.ca to RCM Many are resigned to the belief that salvation from the perpetual destruction of wealth, property and life by those directing ruinous government is a myth. But, an end of government tyranny is within our grasp, and a little exercise in thought and reason should reveal the solution to all our economic ills and slay this monster forever. I have detailed two facts in Public Finance that most in the field ignore perpetually and inexplicably. The first: that government is in deficit to the whole of its expenditures, that it has no money or funds with which to pay its bills, that taxpayers, rather resident citizens, and specifically their property, assets, and incomes fund government and all of it. The second: that it makes no difference whether government taxes or borrows from the collective of the assets, property and incomes that comprise the source of government funds, that a superficial equivalence exists between Taxation and Borrowing in raising funds for public expenditures. I use the phrase ‘superficial equivalence’ because Taxation and Borrowing are not the same. Taxation bears immense costs in government waste and in deterrence that disappear with Borrowing. We are all familiar with government waste. Though government does supply a small number valued public goods, the majority of funds that pass into its control are squandered on politically useful, but dubious, harmful, and barren undertakings. The politicians and their employ eagerly institute regulations and laws for their own benefit, favored voting blocks, and the special interests that dominate them at great cost to us all. But the greater and generally unaccounted cost inherent in Taxation is its weighty and poignant role as deterrent. The same instrument, essentially a fine or punishment, used to penalize speeders and criminals is used to raise funds for public expenditures. As it is with fines and the lawless, so it is with tax levies and the productive. The ubiquitous scourge of Taxation persecutes and chases away enterprising and hard-working spirits, and we are all poorer for it. With the institution of full Public Borrowing, with the financial inducement of interest and eventual return of all principle these costs shall disappear. With deterrence erased the productive class shall thrive through full enjoyment of the rewards of their efforts, not penalized with the loss of large fractions of income. Worthy economic activities squelched, halted, curbed, delayed or concealed will of a sudden re-emerge and resume. Firms and people having sought tax refuge elsewhere will have every reason to return. With a capital charge imposed, government must borrow funds instead of eagerly and obnoxiously confiscating them by daily entering the financial markets. The people, former taxpaying slaves transformed into Public Bankers, shall become the arbiters of which public expenditures are worthy and which are not. When private bankers fail to adhere to prudent lending practices and endanger the financial health of the institution, depositors withdraw and move funds elsewhere. Government, perpetual dependence imposed, must embrace sound financial measures, must embrace cost and benefit analysis in all undertakings. If it should falter, government shall find itself starved of funds until the perpetrators of waste or corruption are replaced. Suppose we have an economy producing 100 units per year with 40 units allotted to government and the remaining 60 units left to the rest of the people. With the institution of full Public Borrowing, one would expect government expenditure to decline sharply. I estimate that about 75% of public expenditures go to waste. If correct, the size of the government’s allotment should reduce from 40 units to 10. I estimate the deterrent effect upon the economy at approximately 35% in an economy with a 40% tax rate. If correct, the economy should grow steeply in size, from 100 units to 135. An economy of size 135 less 10 units for government would deliver 125 units to the people, beyond a doubling of the former allotment of 60. This explosion in wealth and prosperity would have no precedent in history. The same outcome repeats the following year and into perpetuity, the initial explosion in wealth building upon itself, compounding such that accruing assets always outpace accruing liabilities by at least 4 to 1. There may be some dispute about the size of government waste and the effect of deterrence and, thus, the size of the incomparable augmentation of wealth. But the direction and result is clear. Some have argued that none would lend to a government bereaved of the means of Taxation. By simple calculation, the increase in assets, 65 units, far surpasses the incurred liability of 10 units. How is a community so enriched, its Public Credit so enhanced by the abolition of all Taxation unable to provide security to or repay its lenders? It would be as if lenders turned away the wealthiest corporation in the world. A learned community would never persist with taxing resident citizens when enlightened as to its punishing costs. With the stagnant, medieval fields of economics once again rendered fertile, a declaration uttered by the authorities of a small town, city, province, state, region or nation would set the many peoples of our world, united in purpose, on a blessed and enriching path. Abolish all Taxation and institute full Public Borrowing, and I guarantee the meek, suffering poverty and tyranny, shall inherit the earth as prophesied by a great man long ago.

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Fwd: Dimon’s economic ‘hurricane’
by Gunnar Larson 01 Jun '22

01 Jun '22

---------- Forwarded message --------- From: Bloomberg <noreply(a)mail.bloombergbusiness.com> Date: Wed, Jun 1, 2022, 6:51 PM Subject: Dimon’s economic ‘hurricane’ To: <g(a)xny.io> Bloomberg Evening Briefing <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly9zb…> View in browser <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> [image: Bloomberg] <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly9zb…> The European Union is trying to complete a sixth sanctions package targeting Russia for its invasion of Ukraine, but the debate is ongoing as Hungary wants yet another change—this one involving lifting sanctions against a Russian religious figure <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> close to Vladimir Putin. The measures, announced earlier this week, include a partial Russian oil ban and removing Russia’s biggest bank from the SWIFT international payments system. Meanwhile, Biden administration officials are divided over how much further the US can push sanctions without sparking global economic instability and fracturing trans-Atlantic unity. The EU is also working to coordinate a ban on providing the insurance services <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> needed to ship Russian oil anywhere in the world, a move that could badly hurt Moscow’s ability to finance its war. In Ukraine, Russian troops have seized more than two-thirds of the city of Sievierodonetsk in Ukraine’s eastern Luhansk region. And new US-provided missile systems for Kyiv have triggered warnings from the Kremlin. *—Natasha Solo-Lyons <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly90d…>* *Bloomberg is tracking the coronavirus pandemic <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> and the progress of global vaccination efforts <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…>.* Here are today’s top stories *Jamie Dimon warned investors* to prepare for an economic “hurricane <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…>.” The US economy—despite record low unemployment—faces an unprecedented combination of challenges, including tightening monetary policy and Russia’s invasion of Ukraine, the JPMorgan CEO said. “We don’t know if it’s a minor one or Superstorm Sandy. You better brace yourself.” <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> Jamie Dimon *Photographer: Chris Ratcliffe/Bloomberg* *US equities* started the month lower after a strong set of data suggested the Federal Reserve may need to move faster to slow inflation. The S&P 500 fell 0.8% as data showed an unexpected advance in US manufacturing activity as well as exceptionally high job openings. Financial firms in the index slid 1.7% after Dimon said private borrowers may be stranded as conditions tighten. Here’s your markets wrap <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> . *But in recent weeks, *economic growth has slowed in some parts of the US, the Fed said <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…>. “Four districts explicitly noted that the pace of growth had slowed since the prior period,” the central bank said Wednesday. The Fed is also about to start shrinking <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> its $8.9 trillion balance sheet, deploying a second tool along side higher interest rates to curb inflation. *More than one third* of Americans earning at least $250,000 annually say they are living paycheck to paycheck <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…>, underscoring how inflation is taking a bigger bite out of budgets up the pay spectrum—and perhaps how saving money for a rainy day has gone out of style. *Elon Musk has had it* with this whole working-from-home business. The Tesla CEO sent an email Tuesday to “Everybody” at his electric-car company, elaborating <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> on an earlier missive to executive staff about the need to be in the office. “Everyone at Tesla is required to spend a minimum of 40 hours in the office per week,” Musk wrote. <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> Elon Musk *Photographer: Al Drago/Bloomberg* *China’s top diplomat* reaffirmed Beijing’s close relationship with Moscow <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> despite criticism from the US and other nations as Russia kills thousands, if not tens of thousands, of Ukrainian civilians. *Boris Johnson* said it wouldn’t be “responsible” to resign over the various “partygate” scandals he’s been implicated in, even as a growing number of Tories call for him to go <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> . <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly9zb…> <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly9zb…> <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly9zb…> <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly9zb…> What you’ll need to know tomorrow - *Bloomberg Opinion*: The Fed’s mild inflation forecasts need explaining <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> . - *Bloomberg Opinion*: Will breaking up Russia end its imperialism <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> ? - Inside Twitter, shuffled jobs and Elon Musk tweets dampen morale <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> . - Is the UK work visa worth it for graduates at top universities <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> ? - Dubai’s 56% property surge collides with ghosts of 2009 crash <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> . - Parts of private equity look like a Ponzi scheme, Amundi CIO says <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> . - Jury in Johnny Depp defamation case hands up a mixed verdict <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> . <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly9zb…> Podcasters Are Making Money With White Noise <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> People looking for a new podcast often go for a stimulating option like a political debate or a true crime mystery to quicken the pulse. But some listeners often need the opposite vibe: soothing sounds of static or falling rain. Enter—quietly—the white noise podcasters. While the top of the podcast charts are still dominated by garrulous hosts, these days you can also reliably find a smattering of white noise shows appearing in the mix. And the creators behind them are making big money <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> doing it. <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> *Bloomberg Technology Summit*: *Join us in San Francisco on June 8 where we’ll discuss the day’s big issues, from cryptocurrency and the metaverse to supply chain management and cybersecurity. New developments in biotechnology, space travel, gaming and work-from-home solutions will be addressed by leaders from Amazon, Uber, PayPal, LinkedIn, Slack, Google, Boeing and many more. Register here <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly9ld…>.* *Follow Us* <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly9pb…> <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly90d…> <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly9zb…> *Like getting this newsletter? Subscribe to Bloomberg.com <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> for unlimited access to trusted, data-driven journalism and subscriber-only insights.* *Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more <https://link.mail.bloombergbusiness.com/click/15638356.78421/aHR0cHM6Ly93d3…>.* You received this message because you are subscribed to Bloomberg's Evening Briefing newsletter. If a friend forwarded you this message, sign up here <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> to get it in your inbox. Unsubscribe <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly9sb…> Bloomberg.com <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cDovL2Jsb…> Contact Us <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cDovL3d3d…> Bloomberg L.P. 731 Lexington Avenue, New York, NY 10022 [image: Ads Powered By Liveintent] <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…> [image: Ad Choices] <https://link.mail.bloombergbusiness.com/click/27915312.848070/aHR0cHM6Ly93d…>

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ANNOUNCING 'THE BANK OF LONDON RAINBOW HONOURS'
by Gunnar Larson 01 Jun '22

01 Jun '22

https://www.prnewswire.co.uk/news-releases/announcing-the-bank-of-london-ra…

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Re: Perfect Couple (Rat and Chameleon)
by zeynep＠keemail.me 01 Jun '22

01 Jun '22

¯\ (ツ)/¯

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Re: Perfect Couple (Rat and Chameleon)
by zeynep＠keemail.me 01 Jun '22

01 Jun '22

> fixed it

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Perfect Couple (Rat and Chameleon)
by zeynep＠keemail.me 01 Jun '22

01 Jun '22

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Re: Julian Assange, Rapist?
by professor rat 01 Jun '22

01 Jun '22

Assmange made more than a few mistakes - the worst of then discreetly left unaddressed by his few remaining Deadenders. But one mistake he didn't make was his overt or covert ; implicit or explicit support for Trump over Ratched as the lesser of two evils. Had that bottle-blond cheerleader for the Iraq invasion won the walls of reality would have come crashing in and a fatal split developed in the space-time continuum. Uncle Sam completely lobotomized. The dark night of reason and deadly inversion of the soul. There were strong arguments for Brexit as well. Two prime examples of the birth of our internet power. Once Mange carpetbags enough along with the winners a free Ukraine will mark his trifecta. He may be a vicious anti-social criminal but he can still read the net. He must even read me now and then going by " Cypherpunks are all about privacy for the poor and transparency for the powerful ". I say we give him all the tactical support we can in his trials with the object of both prolonging his proper punishment-by-process and shaking the USG secrets tree. Once his usefulness is over he may die slowly in a cage or relatively quickly by my hand. No one betrays the cypherpunk revolution and lives. Long live the revolution!

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Jamie Dimon Says JPMorgan Is Bracing Itself for Economic ‘Hurricane’
by Gunnar Larson 01 Jun '22

01 Jun '22

Jamie Dimon Says JPMorgan Is Bracing Itself for Economic ‘Hurricane’ https://www.bloomberg.com/news/articles/2022-06-01/jamie-dimon-says-bank-is…

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Hang the regulators
by professor rat 01 Jun '22

01 Jun '22

Regulation-friendly cryptonauts remind me of the Girondin faction of the Great Revolution. https://docsouth.unc.edu/nc/bassett95/summary.html Bassett's view is that the Regulators did not wish to change the form or principle of their government, but simply wanted to make the colony's political process more equal. They wanted better economic conditions for everyone, instead of a system that benefited the colonial officials Meh.

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