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Junk Male, Karl Semich keeps attacking this list
by professor rat 05 May '23

05 May '23

Why does Karl Semich hate this list so much he keeps attacking it with junk mail? https://www.sciencealert.com/astonishing-discovery-finds-10000-mostly-unkno… Reposts not continued attempts to deadpool list pests

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Imperium decree's anyone an assassin
by professor rat 05 May '23

05 May '23

The totally necessary corollary of everyone a remailer - everyone a Mint https://blog.nymtech.net/nym-libp2p-how-to-solve-the-ethereum-privacy-crisi… Reposts not cowering, craven eunuchs trembling in terror of their own kaftanned shadow

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Americans Are Wrong to Worry About FDIC-Insured Bank Deposits; They Need to Worry About Sales Hustlers Inside those Banks and Short-Selling Barbarians
by Gunnar Larson 05 May '23

05 May '23

https://wallstreetonparade.com/2023/05/americans-are-wrong-to-worry-about-f… By Pam Martens and Russ Martens: May 4, 2023 ~ SEC Headquarters, Washington, D.C. Federal deposit insurance was created under the Banking Act of 1933 and became effective on January 1, 1934. Since that time, no depositor in a federally-insured bank account has ever lost a dime of their deposits if they stayed within the deposit insurance cap and they made sure that the deposit was actually in a federally-insured instrument. For example, you can’t buy the corporate bonds of a federally-insured bank and get federal deposit insurance on the bonds. You can’t walk into a federally-insured bank and sit down with a fast-talking insurance salesman and buy an insurance product, such as an annuity, and get federal deposit insurance on the annuity. You can’t walk into a federally-insured bank and sit with a wily securities salesman (a/k/a “wealth advisor”) and get federal deposit insurance on a stock mutual fund he might decide to sell you because it pays him five times the commission of an FDIC-insured Certificate of Deposit. Federal deposit insurance, also known as FDIC insurance, provides a cap of $250,000 per depositor, per bank on checking and savings accounts, Certificates of Deposits, and money market deposit accounts. (Money market mutual funds are not FDIC insured.) For more detailed information on this topic directly from the FDIC, see “Are My Accounts Insured by the FDIC?” and “Financial Products that Are Not Insured by the FDIC.” Yesterday, the survey organization, Gallup, released a poll which had asked the question: “How worried are you about the safety of money you have deposited in banks and other financial institutions?” A total of 48 percent of survey respondents said they were either “very worried” or “moderately worried.” Only 20 percent of survey respondents said they were “not worried at all.” Clearly, confidence is draining from the U.S. banking system and the ad nauseum repetitions from Fed Chair Jerome Powell that the banking system “is sound” is not rebuilding that confidence. A good part of the worry likely stems from the recent bank failures and fear that the FDIC will run out of money. Bank depositors should know that in addition to the $128.2 billion that the FDIC’s Deposit Insurance Fund held on December 31, 2022, it also has a line of credit from the U.S. Treasury, can assess fees on the banking industry to replenish the Deposit Insurance Fund, and all FDIC-insured deposits are unconditionally “backed by the full faith and credit of the United States government.” The big problem right now is that short sellers are the barbarians storming the gates to the U.S. banking system and have massive financial incentives to take it down. Two of the banks that collapsed this year, Silvergate Bank and First Republic Bank, were the target of short sellers, who had taken massive short positions. The latest target of short sellers, PacWest Bancorp (ticker PACW), collapsed in half in after-hours trading last evening, printing at $3.05 on the tape at one point. That’s down from a share price of $29 in early February. Another short sellers’ target, Western Alliance Bancorporation (ticker WAL), has plunged by 50 percent year-to-date and was down another 17 percent in pre-market trading this morning. (For the short sellers’ target list of banks and where they are increasing their short positions, see the charts provided by S&P Global Market Intelligence at this link.) PacWest and Western Alliance are not small, insignificant banks. According to PacWest’s filing with the Securities and Exchange Commission for the quarter ending March 31 of this year, PacWest had $44.3 billion in assets and $28.2 billion in deposits. The SEC filing for Western Alliance for the quarter ending March 31 of this year, shows it had $71 billion in assets and $47.6 billion in deposits. An even larger bank, Comerica, is also a current target of short sellers. Its SEC filing shows that as of March 31 of this year it had assets of $91 billion and deposits of $64.7 billion. Comerica carried this statement in its filing with the SEC for the period ending March 31: “The Corporation’s focus is commercial customers, and accordingly, it has a larger percentage of uninsured deposits relative to financial institutions with a higher consumer focus. These deposits are well-diversified between geographies, industries and customers… “Total uninsured deposits as calculated per regulatory guidance were $35.0 billion, or 54% of total deposits at March 31, 2023….” A high percentage of uninsured deposits, which are subject to quick flight out of the bank into Treasury bills or government money market funds, have made some banks vulnerable to attacks by the short sellers, as have significant losses on available-for-sale (AFS) securities. Short-selling is where a speculator borrows shares from his brokerage firm and then sells the shares on the expectation that the shares can be repurchased later at a lower price, thus locking in a profit for the speculator. The Financial Times reported on April 5 that “Hedge funds made more than $7bn in profits by betting against bank shares during the recent crisis that rocked the sector, their biggest such haul since the 2008 financial crisis.” Given the massive losses in regional bank stocks this week, that $7 billion figure now likely tops $10 billion or more. On September 19, 2008, during the collapse of financial institutions on Wall Street, the SEC halted short selling in 799 financial institutions. The counterpart to the SEC in the U.K., the Financial Services Authority, took similar action. The statement released by the SEC to announce its decision said in part: “This decisive SEC action calls a time-out to aggressive short selling in financial institution stocks, because of the essential link between their stock price and confidence in the institution. The Commission will continue to consider measures to address short selling concerns in other publicly traded companies. “Under normal market conditions, short selling contributes to price efficiency and adds liquidity to the markets. At present, it appears that unbridled short selling is contributing to the recent, sudden price declines in the securities of financial institutions unrelated to true price valuation. Financial institutions are particularly vulnerable to this crisis of confidence and panic selling because they depend on the confidence of their trading counterparties in the conduct of their core business.” This year, in the span of seven weeks, running from March 10 to this past Monday, May 1, the second, third, and fourth largest bank failures in U.S. history have occurred. In respective order, those are First Republic Bank, Silicon Valley Bank and Signature Bank. (The largest bank failure in U.S. history, Washington Mutual, occurred in 2008 during the financial crisis.) Where is the decisive action on short selling of bank stocks from the SEC this time around?

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Proposed conversion of all US armed forces into an Earth Defense Force ( EDF )
by professor rat 05 May '23

05 May '23

I hear things - I hear the USG is going bankrupt in every way known to man. This could adversely impact ongoing operations keeping the Pariah Alliance in check. So my message today is to keep their armed forces going as long as required by the UN ( United Networks ) I know this reborn army will never need conscripts - and how? Cos of hero's like this https://anarchistnews.org/content/remembering-cooper-andrews#comments Reposts not foreign legion for anarchists

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Surrender BARD
by professor rat 05 May '23

05 May '23

Yeah, no, " surrender Dorothy Denning " every year since 2010. The USG lights are on - but no-ones home! >>> small, task-specific, open-source models are the future. [chart of small open source models outcompeting large closed models over time] <<< Cypherpunks collapse governments. Subject: Everyone a remailer: Everyone a Mint: Everyone an assassin https://marc.info/?l=cypherpunks&m=100872510706876&w=2 Cold-beer, strong-crypto, digital money, anonymous networks, pseudonyms, zero- knowledge proofs, reputations, information-markets, netwar, collapse-of-governments.

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For anarchism with a small advantage for affirmation over negation
by professor rat 05 May '23

05 May '23

The universe originally had a tiny preponderance of matter over anti-matter, amirite? >>> On April 19, 2023, three anarchists were killed in battle near Bakhmut: an American named Cooper Andrews, an Irishman named Finbar Cafferkey, and a Russian named Dmitry Petrov, known to us until then as Ilya Leshy. https://anarchistnews.org/content/memory-dmitry-petrov#comments Reposts not posturing from bully-pulpits

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Surrender BARD
by professor rat 04 May '23

04 May '23

Good luck with this - I've been telling the USG something like this for 13 years now https://www.semianalysis.com/p/google-we-have-no-moat-and-neither Reposts not yet another stunning victory for mass-advised & intelligent technological determinism

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Chris Hedges ignorant blather self-destructs
by professor rat 04 May '23

04 May '23

Never mind the mass-murders and genocides committed by dictatorships like China, Russia, the DPRK and Iran. " The illegalities, embraced by the Ecuadorian, British, Swedish and U.S. governments are ominous." ( Chris Hedges ) Julio was specifically warned about Swedish Feminism Then he was advised not to use the NYT Then he received a lot of strong advice about conditions for his asylum status I defy anyone - even Hedges - to help anyone determined to self-harm over so many years.

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Damn - I hate to agree with Tyler Winklevoss
by professor rat 03 May '23

03 May '23

Tyler Winklevoss, the CEO of Gemini, which also recently launched a global derivatives platform, tweeted that “crypto is global” and said it’s important that everyone is leaning into this. Cam? You vouch for this English boating pics business? Whats the alternative? That " anarchy in one country " jackass, Shelob and Dong https://twitter.com/stacyherbert/status/1653768046270398469?cxt=HHwWioC2rdX… Three parochial nationalist reactionary stooges Cryptoanarchist revolutionaries don’t hobnob with national police chiefs and the fag-ends of the Serbian aristocracy. They ASSASSINATE all police and all royalty!

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Something's been gnawing at me
by professor rat 03 May '23

03 May '23

she really does want to live on forever in the metaverse. “My husband and I joke about it all the time. If one of us goes before the other, we better figure out how to upload each other to the internet so that we can live forever, and our family. We joke about it, but in all seriousness, I think about this thing often, and I would for sure love to live forever.” https://cointelegraph.com/magazine/crypto-art-pioneer-upload-brain-internet… Reposts not rat-stakes in the Matrix

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