Comments by "k98killer" (@k98killer) on "Neil McCoy-Ward" channel.

  1. An important thing to note is that when the House flips during a midterm election to the opposite party of the Presidency, that is followed by a rally more often than if it flips to the party of the Presidency or if it does not flip at all. Markets like status quo.
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  2. The big oil executives lecturing about climate change are like those white BLM rioters: polluters with guilty consciences vs white supremacists with guilty consciences.
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  3. China is going through a demographic collapse
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  4. War is the health of the state.
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  5. The truth will be that the issue of CBDCs will be an East vs West divide. In the West, we have huge bank lobbies who aren't about to give up their business model. FedNow is not usable by anyone except financial institutions with master accounts at the Fed.
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  6. When Genesis and the Book of Enoch talk about giants consuming the children of men, this is what they mean: institutions that oppress the innocent and kill their children with war. The union of Watchers (angels) and humans represents the improper merging of idea with matter and is explicitly technological. We have produced technologies that we were not prepared to handle, and our institutions now consume our children. The only way to rid ourselves of these oppressive Institutions is to wash them away in a flood so that the righteous can renew the earth. Unfortunately, the flood waters are the blood spilled when the sons of the Watchers battle against each other. Prepare your ark.
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  7. "This medium of exchange isn't real money" is the No True Scotsman fallacy. Anyone stuck in this frame of mind ought to read Money and Credit by Ludwig von Mises. Medium of exchange and store of value do not have to be linked -- it is just arguably somewhat better if they are (though tying it directly to a commodity tends to have problems on top of the problems from credit, which has existed for thousands of years).
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  8. "If a tree fell in the forest, and nobody was there to see me chop it down, and I don't know where I was or what I was doing, then does it really matter?"
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  9. Could be magical/psychic warfare rather than sabotage or cyber attack. Such techniques tend to manifest as synchronicity (series of meaningful coincidences).
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  10.  @julieannmyers8714  nah, those are everyday items
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  11. It's kind of funny that the same people who advocate for full reserve banking also say we shouldn't have a central bank. If we don't have a central bank, then who creates the reserves for backing deposits? 100% reserve banking can only be done with commodity money or some central issuer of reserves, and history shows that such banks do not work on a commodity money standard.
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  12. Fwiw, I've heard the phrase "get woke, go broke" for at least 4 years.
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  13. Fyi for my countrymen here in America: credit union depositors are already considered equity owners, so credit unions should be immune from any bail-in.
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  14. In the US, the banks won't allow a CBDC unless they can somehow manage to change their business models to be profitable without being able to issue currency. The introduction of FedNow obviates a CBDC because all of the theoretical upsides they could sell to the public are already present in FedNow without any change in balance sheets or system structure. The potential issue with FedNow is that the data exchange format could include a lot of telemetry (i.e. surveillance), but this will require everyone to opt-in to supplying those fields, and doing so is costly in terms of computation, bandwidth, and storage -- they'll probably eventually start mandatong such things through AML regulations, but we are likely years away from that. The ISO standard was already being slowly adopted globally by the banking industry, and Brazil has run a system like FedNow successfully for decades already, so my guess is that the FedNow model will likely become the standard in the West.
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  15. I think that of the dozens of predictions Neil has made since I started watching his channel in 2020, only one or two were inaccurate.
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  16. The FedNow fearporn is overblown. Brazil has had a system like this for many years already. It has nothing to do with a CBDC. Rather, it is a fast, 24/7, net settlement system for transacting between financial institutions. For FedNow to work, financial institutions have to exist. If anything, the additional speed will increase the risk of bank run and cause reserve ratios to increase in banks, pushing the riskier credit creation into the shadow banking system which will also use FedNow but with more gatekeeping. The people in charge would likely prefer if people used more cash because that would decrease the risk of bank runs.
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  17. Cascading failures. There doesn't have to be intention behind a kali yuga.
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  18. The giants consume our children. That is what they do. The judgement upon the Watchers was that they had to watch as their sons killed each other in battle, and that is the cataclysm of the flood story. That will probably be the cataclysm of our time as well. The flood waters were the blood of giants.
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  19. It is pretty obvious why the Baltic states are arming up: they have a large, aggressive neighbor run by a lunatic mobster who seeks to establish the Russian Third Empire.
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  20. Looks like the super wealthy are going to either have to give preemptively or they'll be taken for all they're worth by the restless masses soon. It's up to them how violently they want the reset to go down.
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  21. All his Tools have Ph.D.s in economics
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  22.  @david-fletcher  looks like YT bots might be censoring you. Tends to happen with any long or detailed comment. They even censor links to government websites.
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  23.  @david-fletcher  pretty sure he's not looking through YT comments to delete them. It's probably some bot that thinks your comments match a spam pattern it learned.
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  24. Depositors in credit unions can't be bailed-in because a deposit is classed as equity rather than liability. Instead, the credit union fails, depositors get bailed out by the NCUA up to the FDIC maximum, and remaining assets less liabilities are distributed to remaining equity holders (i.e. the seven natural persons who started the credit union and any shares not bailed out by the NCUA).
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  25.  @artspark7697  Tried responding, but it looks like it was censored because I included the link to the NCUA government website. Weird. But I'm pretty sure based upon my yet incomplete reading of the law. The equity structure is explained in the first few paragraphs of the law they cite.
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  26. The reason they keep mentioning covid with everything they say is that it is a meme encapsulating all the hypnotic/neurolinguistic programming spread by the media apparatus. It is essentially factions od de facto Illuminati trying to hijack the evolving hypersigil for their own purposes.
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  27. Reason is dead. Welcome to the pandemonaeon.
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  28. The ESG death cult will kill millions before the survivors get the balls to hang the murderous bastards.
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  29. Millionaires use statistics; billionaires use astrology. The primary reason that the WEF has been accurate with its forecasts has likely been an acausal mechanism. Causality only works at a specific scale and only most of the time; we ignore the acausal to our detriment.
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  30. This is hard to watch.
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  31. Nb4 Dune proves to be a prophecy rather than science fiction.
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  32. Fun fact: the blood plasma of the poor is a larger portion of American exports than corn and soybeans. Not surprising that these rich bastards would crush the poor since they literally extract their blood at an industrial scale.
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  33. There is a group called the Knights of Chaos who have the goal of bringing about small apocalypses because they've bought into the ESG/Malthusian conjecture. How much credit you want to assign depends on how much you believe literal wizards can effect global catastrophes.
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  34.  @MonarchPoolPlaster  yeah, "all debts". You don't owe someone until after a transaction occurs. If you go up to a vender to engage in commerce, no debt yet exists -- the only way they would have to accept cash would be if you bought something on store credit and then later paid back the store credit. Edit: for clarity, this is a distillation of established SCOTUS precedent.
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  35.  @lenemanon6357  beware the obvious and self-evident things, for they are rarely true. See my previous comment.
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  36. ESG is an eco-fascist cult movement. Its goal is to impoverish the world and kill billions of people as a sacrifice to their god, "the environment".
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  37. I think the advice about heating during the day and turning it off at night is aimed at managing power grid load more than anything about saving "the planet" -- they are probably trying to hobble along with shitty infrastructure since they don't have the funds to upgrade it. South Africa being a real world leader in this regard, apparently.
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  38. If they printed and handed out $10k for every man, woman, and child in America, that would increase M2 by about $3T, or roughly 14%. You can't blame the inflation on just the direct stimulus of ~$3k per qualifying tax payer, which was a pittance compared to what they printed for corporations and cronies, but that is what they'll do to justify printing just for the cronies the next time around.
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  39. The intersection of tragedy and comedy: government programs leading to the destruction of the economy from which the government gains its sustenance. Hopefully y'all can establish some successful anarchist communities once the UK government completes its suicide.
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  40. A note on US tax treatment: given a fixed monthly payment, if the interest rate is higher, you'll end up paying less in taxes. This is because interest expenses can be deducted from taxable income, and the lower sale price means your real estate tax will be lower. The way the homestead exemption works is that the assessed property value changes more slowly than market conditions, so if you buy a house at a peak, you'll be saddled with a high tax bill until you sell (at a loss) and buy a new house at the lower price. So in general, you're better off with a lower house value and higher interest rate all else being equal.
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  41. Like SRI and ESG, this is just a PR campaign to reflate the goodwill line item on their balance sheets.
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  42. Instead of always seeing the WEF as the Bond villain, Bad Guy Corp., maybe it would instead be more useful to see them as an organization that is remarkably transparent and accurate with their forecasts. The only reason people think they are hiding something is that it is hard to separate signal from noise -- there's so much crap that it can be hard to find this stuff before the prognostications come to fruition.
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  43. I believe the proper term for these half-man, half-machine beings will be "the Borg".
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  44. I recommend also accepting cryptos like Monero, Dash, and Beam. Cryptos are digital cash in the truest sense of the word: a bearer asset with no counterparty/credit risk. Though they are bearer assets, paper banknotes are not real cash as they are explicit liabilities of the issuers.
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  45. One thing to consider: during the demand spike, a lot of manufacturers placed orders expecting demand to continue rising. Shortfalls are calculated based upon orders and expected orders, but I imagine that a lot of those orders will be cancelled as demand tapers off (all else being equal), so it could resolve itself quicker than you'd think.
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  46. Remember "Socially Responsible Investing"? They rebranded that grift into ESG. It has been about 3 years, so it's time for another rebrand.
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  47. A regional bank expert went on Blockworks Macro and discussed bank portfolio construction and management dynamics with Joseph Wang. The TLDW is that they just have to paper over the liquidity issues for about a year for bank balance sheets to normalize to the new rate environment.
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