Comments by "Kristopher Driver" (@paxdriver) on "Patrick Boyle" channel.

  1. Fatal flaw in this analysis: you assume Trump intends to work and do a good job... He doesn't like work, he doesn't even like to read more than a page. He can't write or speak at a level of a highschool child so negotiating or careful consideration just aren't in the cards. There's no math, no historical reference, no forethought, nothing. He doesn't want to work. If nobody bugs him about his promises he'd gladly do none of them at all. I don't know why anyone would take him seriously or literally. The only thing serious about that man is the damage he causes in the wake of his gluttonous narcissism. The outcome of his term is identical to that of a child trying to deceive adults while walking along them believing nobody notices he's a child even while he's throwing tantrums or elbowing his way ahead of world leaders and monarchs he's forced to visit.
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  2. I love how throughout the video Patrick has his watch prominently on screen, but I can't even tell if he got it from a corner store as a silent gag or if it's once of the rare Rolex watches mentioned in the video 😂
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  3. Over 20 years ago I bought a Seiko with my first full time job. I still wear it daily, while I realize $200 isn't luxury to most people lol
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  4. Liz Truss's 4 week experiment and subsequent bank run and bond defaults were a pretty clear red flag for regulators to focus on interest risk and duration stress tests. I don't buy it that they just couldn't see it coming. How did they get that job if a public highschool grad in his 30's like me could figure it out first. No ceo of any bank should miss things I can catch just by watching markets and forecasting as a hobby.
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  5. "Hopefully we can be optimistic for the future... " is a hilariously sanguine way to close this video, intended or not lol 😂
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  6. Not to mention ensuring favorable exchange rates lol
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  7. Hilariously informative. Love this format, and the variety of info videos with topical satire. Really really good mix, I love this channel. Thanks Patrick!
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  8. What boggles me is the logic here - bond holders only lose if the business is mismanaged, but shareholders are protected, yet only shareholders can impact or oversee the operations of the business. Even without a vite, shareholders have internal access and can represent themselves at general meetings but bond holders just sit outside and wait for the professionals to release the selectively redacted minutes at best.
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  9. 14:53 you're missing a key component of defense spending imho - to prevent recession, on a technicality temporarily even, defense spending repurposes declining mechanical manufacturing spending. Defense is very stimulative, and that's a huge reason countries are rearming too. Russia, Hamas and China are good ways to justify it to a public but that doesn't make it the root cause.
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  10. I love the balance of comedy and info. This channel is my opinion of ideal balance
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  11. Should've quoted gaddafi's UN speech. Still, great vid as always. Love your work, thx
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  12. I came to comments just to quote that ppl thank you for beating me to it. 😂
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  13. 13:00 correction - musicians always made their money touring. It's the labels who lost money from streaming. Artists get the same royalties they always got nix cd sales. Also, 100% increase since the 90's tracks with a 3% inflation compounded annually (the target inflation rate engineered by policy makers during that time).
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  14. If only one of the Congress members knew just this, well enough to make a speech that teaches the others, if only... I don't think a single leader in usa or Canada knows how a market system functions. Kinda important imho
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  15. I absolutely love how all economic theory and game theory relies on the critical assumption of rational actors and limited to no intervention, because based on those simple principles we can assert as material fact that capitalism without any hint of socialism is the be all end all pinnacle of human civilization and productive enterprise. It's just so so funny were it not so utterly catastrophic lol
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  16. Next episode: luxury kerchiefs and tattoos, right?
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  17. Modi is a great politician in literally the exact same way as a shopping addict excels at procurement.
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  18. It's trained on gpt, mad cow disease will set in eventually at some scale. But still, math can't be kept secret forever especially when the methods are published in scientific papers lol. It makes no difference who develops it. It will get jailbroken or open sourced or hacked or someone else will discover an even better optimisation and theirs will be open sourced instead. People are silly to think a gold rush and deep neural networks are any different. It's a backend tool and we're still pinning on front end products absolutely everywhere for no reason but to lay off staff and piss off customers. It's so absurd where "smart" money scurries.
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  19. Passive income totally exists. Buy a property, pay maintenance and property manager, you'll get passive income for hundreds of years. That just happens to be the problem and cause of income disparity too lol go figured.
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  20. I. Love. This. Channel. Period. "deposits are safe, nothing to see here" - Janet Yellen c/o Joe Biden, senior Croc of Swiss
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  21. I don't understand how it is coercive in the eyes of the law to buy shares above market price, but it's not coercive to issue free shares exclusively to the people unwilling to buy more shares at market value. That doesn't sound like free markets. If shareholders want to protect their stakes they can refuse to sell shares and thus drive up the price higher than the would-be takeover artist was willing to pay. It's like we all forgot how functioning capitalism works and just applaud anything that benefits us, calling that freedom. Maybe shareholders should only own what they believe in and maybe they should refuse to sell if they like owning their companies instead of spreading out their wealth so thin that they own everything while also remaining protected in everything without ponying up their own money for said protection? Im just saying we should be consistent. Either we believe we should be able to own businesses and earn money doing nothing but we also want taxpayers laws to protect us for spreading too thin..
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  22. It's just a soma holiday before early retirement probably ;p
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  23. How to improve the system - extend the rights of corporstions to individuals so that umbrella corps can't absorb the liability for a person wealthy enough to pay to live outside of the law. There would be less incentive to corrupt a system if everyone had equal access to those dummy entities offshore. It's so ridiculous in concept how much resources are extracted from profitable operations to pay to juggle bureaucratic paperwork to absolve rich people from social harms their wealth accumulation has caused the public.
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  24.  @SD-tq7ug  absolutely! that is, after all, their social raison d'etre lol that's the thing they're supposed to be paid to do but in practise they're rewarded for doing the exact opposite
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  25. 😂🤣🤭😭😝😂😁
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  26. Speaking of Arc, an Intel flogging is long overdue in light of the chips act and their product lines like optane being discontinued. Love the show, caught your guest spot on macro the other day too👍
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  27. When there's a bag to be held, you can bet Softbank has two firm grips on it lol
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  28. There is an easy solution: nuclear power. The UK has Cambridge and Oxford, they should have more power than they need like France, and be exporting power to Germany and Ireland. Subsidize the energy at cost instead of hard dollars. If the power plant is publicly owned and sells energy to a privately owned company asking for subsidies, at least you have the plant's PPE, and a resource also useful for wartime (power AND steel), and the subsidy can be cut if natural disaster requires energy so steel production can be let to suffer temporarily to the national benefit.
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  29. I'd kill for a well edited hour-long podcast of this. I wonder he'd be able to produce more without the video component or if the video render time is just spent writing script anyway. Either way, fully agree. Would love to get more from Boyle
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  30. Most if it was settled shortly after 2008, it was operating on a skeleton crew in some sort of receivership for most of the time since, I believe. So technically accurate, but practically it's not like the victims were sitting in limbo all this time.
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  31. I love this channel. Bump bump bump bump.
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  32. God bless common sense satire, and His prodigal son, sarcasm. The virgin Mary Jane and her uber driver Joseph hath produced a saviour of the chosen people.
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  33. Great show, but you missed metro bank UK in 2019 😜 Always proud to be the "Uhh, actually..." guy because it's rare on this channel. That said I'm probably missing a crucial detail and you're about to "well, actually..." this comment right back 😜
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  34. 😂 Gpt-4 is an intelligent Canadian. Fucking genius comedy
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  35. Shout out to Shoshana Zhubov on "surveillance capitalism" 👍
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  36. Babblr/babbel/babel need to change their names... Or include subtext or something.
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  37. Engagement comment in support of your word. DNR
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  38. How does a China monetary system even collapse? It controls the central bank and has the authority to take over bankrupt businesses and force everyone to resume business as usual as it dispenses nationalize profits at their leadership's discretion.. They're the Chinese Communist Party lol they're communist, they can act like communist in the event of a collapse. It'll be the rest of the world holding the bag without factories or their own debts to everyone else being repaid. They can do whatever they want so even in a worst case scenario a crash for China in the most severe is no worse than a rigged capitalist system which encourages workplaces install suicide nets around the windows and rooftops.. An economic downturn that turns catastrophic is immediately solved in China, the ensuing demise of everyone owed money/goods from China, on the other hand, our recessions resulting from China's default would be felt for up to a decade, and may lead to wars, austerity and/or famines...
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  39. I'm curious as to why you don't think Russia could launder money using bitcoin with North Korea being such a huge manufacturer of narcotics, and bitcoin being easy to exchange for drugs, with drugs being easy to exchange for cash USD. it would cost almost nothing for Putin to set up drug distribution overnight using bitcoin for product and product for greenbacks. Hell, with kgb protection and buying product in bulk they'd even be making money while hurting the west they're selling drugs to. It might even be more profitable than selling off limited natural resources, which of course they'd still be selling for profit to China and India. I can't imagine Putin would be morally opposed to getting the west hooked on meth to punish them for interfering and sanctions costing them (in their view) in the first place.
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  40. Major audio artifact at 15:15 - WARNING
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  41. Immaculate Ferrero Rocher reference 😂
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  42. Lucky for Lefty the SEC has no authority to prosecute. What a conveniently timed break.
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  43. Don't forget the wry witty humour, perfectly peppered
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  44. ​ @kent463101 much closer to thousands than hundreds lol
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  45. Omg the sarcasm is so perfect lol 😂
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  46. "this is an emergency rescue, with national Bank backing and government coercion... But it's absolutely NOT a bailout." removes CHF from forex hold positions immediately lol
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  47. Big difference from POTUS defrauding charities for free money plus tax deductions to brag about how smart and rich he is... Faaar cry lol. When rich dudes got rich by being useful, then still spent 10% of that EARNED wealth on philanthropy just because that was what made sense to do with that much money lol Amazing that was once part of the American dream but now its being rich without warning it by adding value, and hoarding it for more rent-seeking lmao. Evolution definitely steps forwards with steps backwards sometimes
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  48. Fatal flaw in thinking Trump is thinking. Even my thermometer consistently respond appropriately to 1 of 2 states of being.
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  49. We could use a huarong run down right about now 😉
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  50.  @mth469  Chinese company turning to wet shit, so you weren't far off lol A recent Evergrande domino
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