Higgenbotham's Dark Age Hovel

[aeden]

afternoon pump crew zero day waking up
trends suggest morning retail dumb money
afternoon smart money i.e hedge, insti, blackcrack deep pool

Lorentzian Distance Classifier ( LDC ) sweeps
hunter seeker sweeps

The rsi needs to reset and a weak bounce for a few weeks would make sense.
4450 area would be an ideal bounce target, but the RSI will tell us when it's time to short again.

As it was said ... and one last thing, mainstream media has already started their attack

https://twitter.com/i/status/1690800466160967680

[aeden]

As Hook says, the interventions will be coordinated. If so, the destruction should occur at about the same time. Fri Apr 04, 2014 8:24 pm

Appears correct H as the filth hardens notes. Apt would-be grinding from the crushed from the wasting. The tiny bubbles already played out as known.
Uniparty is captivated by the maxim no matter the color of cat. The sealed as Peterson knows dancing in the fire.
Lin was very effective in the mind virus as a mid-step effect also.

Sold rather heavy into the close from the 0dte sweeps as the march of the penguins increases.
They missed the meme local is all that was left. Even that is corrupted in measure.
Miry Clay period of intent going forward for some times and half of times. Watching paint dry on cynics and sceptics as before.
Tbills rolling into cash as earnings to aggregate red flairs we already discussed.
They are not democrats.... Łobaczewski is correct. March sweeps underway.
https://www.youtube.com/watch?v=eBkzqNSDvnY

thread: l8ter, march sweeps

[Higgenbotham]

Update down at the bottom at the link to the CNBC video. Joe Kernen was not wowed. You shouldn't be either.

"Don't be wowed."

The first point I would make about Rich Lesser, Boston Consulting Group, the WEF, Pfizer, or any other similar name recently discussed here is:

I am not wowed.

And you shouldn't be either.

They put the razzle dazzle in front of you: Harvard Business School, Baker Scholar, BSE in chemical engineering, summa cum laude, then more razzle dazzle: new mRNA technology, climate change, smarter to participate in this massive industrial transformation, blah, blah, blah.

Don't buy it. Remain skeptical. Don't be wowed.

About the Episode

Businesses that lead on climate and sustainability will have tailwinds at their back, says Rich Lesser, BCG’s global chair. Reaching net zero will require investments of $3 trillion to $5 trillion per year for the next 30 years—and it is much smarter to participate in this massive industrial transformation than to fight it. To succeed, businesses will need to engage deeply with other businesses, their customers, and governments. The challenge is too large to go it alone or to view government as an impediment. For businesses that want to do the right thing, Lesser says, “getting government policies that raise the standard for everyone is in their interest.” Lesser also talks about his own evolution in understanding the climate crisis, how purpose can drive performance, and why the job of CEO today is harder but more rewarding than it was a decade ago.

Episode Guest

Rich Lesser

Rich Lesser is BCG’s global chair; he previously served as BCG's CEO from 2013-2021. As CEO, Rich initiated BCG's pledge to reach net zero climate impact by 2030. Rich currently serves as chief advisor to the World Economic Forum’s Alliance of CEO Climate Leaders, on the steering committee of the Council for Inclusive Capitalism, on the board of directors of the Centre for Public Impact, and is a member of several leading organizations, such as the WEF’s Community of Chairpersons, the EDISON Alliance, Southern Communities Initiative, among others.

https://www.bcg.com/podcasts/the-so-wha ... ich-lesser

We look forward to hearing more about your net-zero commitments and hope that COP26 in November is a breakthrough moment for business action on climate change. We thank you in advance for your consideration and leadership in helping the world address this urgent global issue.

Sincerely,

Klaus Schwab, Chairman, World Economic Forum

Brian Moynihan, Chairman and CEO, Bank of America, Chair, International Business Council

Christian Mumenthaler, CEO, Swiss Re, Co-Chair to the Alliance of CEO Climate Leaders

Jesper Brodin, CEO, Ingka Group I IKEA, Co-Chair to the Alliance of CEO Climate Leaders

Feike Sijbesma, Honorary Chairman of Royal DSM, Co-Chair to the Alliance of CEO Climate Leaders, Member of World Economic Forum Board of Trustees

Rich Lesser, CEO, BCG, Chief Advisor to the Alliance of CEO Climate Leaders

https://www.weforum.org/agenda/2021/01/ ... ro-letter/

Before discussing this ESG cult any further...

Gail did the work I was going to do. Lesser and the WEF are dreaming. You can't remake the world the way you want to just because you said so.

In my most recent post, I mentioned that Professor Joseph Tainter, author of the book, The Collapse of Complex Societies, says that when energy supplies are inadequate, the resulting economic system will need to simplify – in other words, lose some of its complexity. In fact, we can see that such loss of complexity started happening as early as the Great Recession in 2008-2009.

The world was on a fossil fuel energy consumption per capita plateau between 2007 and 2019. It now seems to be in danger of falling below this level. It fell in 2020, and only partially rebounded in 2021. When it tried to rebound further in 2022, it hit high price limits, reducing demand.

Figure 2. Fossil fuel energy consumption per capita based on data of BP’s 2022 Statistical Review of World Energy.

There was a big dip in energy consumption per capita in 2008-2009 when the economy encountered the Great Recession. If we compare Figure 2 and Figure 3, we see that the big drop in energy consumption is matched by a big drop in trade as a percentage of GDP. In fact, the drop in trade after the 2008-2009 recession never rebounded to the former level.

Figure 3. Trade as a percentage of world GDP, based on data of the World Bank.

Another type of loss of complexity involves the drop in the recent number of college students. The number of students was rising rapidly between 1950 and 2010, so the downward trend represents a significant shift.

Figure 4. Total number of US full-time and part-time undergraduate college and university students, according to the National Center for Education Statistics.

The shutdowns of 2020 added further shifts toward less complexity. Broken supply lines became more of a problem. Empty shelves in stores became common, as did long waits for newly ordered appliances and replacement parts for cars. People stopped buying as many fancy clothes. Brick and mortar stores did less well financially. In person conferences became less popular.

We know that, in the past, economies that collapsed lost complexity. In some cases, tax revenue fell too low for governments to maintain their programs. Citizens became terribly unhappy with the poor level of government services being provided, and they overthrew the governmental system.

The US Department of Energy states that it will be necessary to double or triple the size of the US electric grid to accommodate the proposed level of clean energy, including EVs, by 2050. This is, of course, a kind of complexity. If we are already having difficulty with maintaining complexity, how do we expect to double or triple the size of the US electric grid? The rest of the world would likely need such an upgrade, as well. A huge increase in fossil fuel energy, as well as complexity, would be required.

https://ourfiniteworld.com/2023/03/05/w ... le-energy/

https://www.cnbc.com/video/2023/08/18/b ... anies.html

The relevant discussion starts at about 3:56. It was interesting to see how quickly he lost track of his talking points.

The elites are free to discuss what they will try to do ahead of time, but their opposition is not free to do that, so elite discussions get overweighted.

[Higgenbotham]

This is to say nothing of the fortuitous circumstances that figure into every success story. In his book Success and Luck (2016), the US economist Robert Frank recounts the long-shots and coincidences that led to Bill Gates’s stellar rise as Microsoft’s founder, as well as to Frank’s own success as an academic. Luck intervenes by granting people merit, and again by furnishing circumstances in which merit can translate into success. This is not to deny the industry and talent of successful people. However, it does demonstrate that the link between merit and outcome is tenuous and indirect at best.

According to Frank, this is especially true where the success in question is great, and where the context in which it is achieved is competitive. There are certainly programmers nearly as skillful as Gates who nonetheless failed to become the richest person on Earth. In competitive contexts, many have merit, but few succeed. What separates the two is luck.

https://getpocket.com/explore/item/a-be ... ad-for-you

I've called it the lottery economy.

Where does a lottery economy exist? In a globalized world.

Where does the opposite of a lottery economy exist? In an economy that is profoundly local. In my opinion, an economy that is profoundly local is more cooperative, egalitarian, compatible with human nature, and more satisfying to the majority of the people.

Not only is a lottery economy wrong and contrary to human nature, it is lethally harmful. Putting Gates at the top of the pyramid mostly due to fortuitous circumstances and then having him appoint himself as an expert on global health is dangerous. He shouldn't be there in the first place and he doesn't know what he is doing. I'd rather take a trip to my local medicine man and die of coronavirus than have Gates mandate a high tech solution that may have unknown harmful effects for generations.

Quotes from articles such as the above seem to indicate a growing change in sentiment that a globalized world may not be for the best and I'm seeing a lot of them.

I've read a lot of Gates' drivel and, while he's undoubtedly a smart guy, he lacks a lot of knowledge and depth of thinking. There are at least 10 people who have posted on this forum over time that I would personally feel more comfortable if they were to be making decisions about who to vaccinate and how.

As with the global health discussion, the same applies to the climate, sustainability or whatever you want to call it discussion.

[John]

** 22-Aug-2023 World View: Bill Gates

I have to disagree partially with the
above. Bill Gates was not a
particularly gifted programmer. But he
was a brilliant marketer and manager,
and he negotiated brilliantly with IBM
that allowed MS-DOS and Windows to win
over OS/2 ON IBM PCs. It took a little
luck to be in the right place at the
right time, and a lot of skill to make
it work.

[Higgenbotham]

** 22-Aug-2023 World View: Bill Gates

I have to disagree partially with the
above. Bill Gates was not a
particularly gifted programmer. But he
was a brilliant marketer and manager,
and he negotiated brilliantly with IBM
that allowed MS-DOS and Windows to win
over OS/2 ON IBM PCs. It took a little
luck to be in the right place at the
right time, and a lot of skill to make
it work.

I thought about commenting on that sentence also - to say that there were certainly programmers more skillful than Gates.

Bill Gates was the world's richest man every year from 1995 through 2007. Before that, I had read a biography about Bill Gates where he discussed his early vision for Microsoft. It turns out that he has repeated that vision often and it can be referenced from sources other than that biography.

The revolutionary concept of software as an amazing tool was the whole idea that Paul Allen and I built our company around. When Microsoft got started in 1975, our dream was a computer on every desk and in every home.

https://www.pcmag.com/news/bill-gates-o ... technology

Of course, the idea was that there would be a computer on every desk and in every home running Microsoft software with frequent upgrades whereby Gates would receive ongoing payments from every desk and every home in America. I think that mindset was inherent in Bill Gates and never left him.

Perhaps the biography I read (published in 1992) was the first time that vision was put in front of the public, but it was probably before that. In any case, though, I think that the biography was the first time the vision really became mainstream knowledge. After that, every year that Bill Gates was named the richest person in the world, people were reminded of Bill Gates and how he did it. While it would have escaped the notice of most people, it did not escape the notice of those so inclined to want to make a lot of money. Also, it didn't escape the notice of that subset of people that Microsoft and Gates got to where they got not by primarily focusing on making great software but by focusing on how to be the only game in town when it came to software, which came down to the business practices that Bill Gates used.

[Higgenbotham]

Mainly, those posts were meant to convey that, in a globalized economy, there will by the nature of what a globalized economy is, be people who rise by fortuitous circumstances to a level where their opinions and impact are out of proportion. Having a few individuals make an outsized contribution to decision making while the majority make an undersized contribution will most likely result in outcomes that are somewhere between sub-optimal and terrible.

The real question in my mind is not what happens to the first one or two generations of people who receive these vaccinations (with more and more being added). It's how this will affect human health decades and centuries down the line and nobody knows the answer to that.

[Another guest]

** 22-Aug-2023 World View: Bill Gates

I have to disagree partially with the
above. Bill Gates was not a
particularly gifted programmer. But he
was a brilliant marketer and manager,
and he negotiated brilliantly with IBM
that allowed MS-DOS and Windows to win
over OS/2 ON IBM PCs. It took a little
luck to be in the right place at the
right time, and a lot of skill to make
it work.

And he was lucky that a certain computer programming rival had a really rude and nasty wife...

[John]

** 23-Aug-2023 World View: Biden's KKK America

> Mainly, those posts were meant to
> convey that, in a globalized
> economy, there will by the nature of
> what a globalized economy is, be
> people who rise by fortuitous
> circumstances to a level where their
> opinions and impact are out of
> proportion. Having a few
> individuals make an outsized
> contribution to decision making
> while the majority make an
> undersized contribution will most
> likely result in outcomes that are
> somewhere between sub-optimal and
> terrible.

Your analysis is spot on, and it becomes
even more interesting when you apply it
to national political leaders.

As I've written a number of times in the
past, a dictatorship is the best form of
government, as long as the dictator
makes good decisions. But if the
dictator makes a bad decision, then the
nature of the dictatorship form of
government is that no one stop the
implementation of the bad decision.

So Hitler's invasion of Russia was a
disaster. Mao's Great Leap Forward was
a disaster. Putin's invasion of Ukraine
has been a disaster so far. Xi's
Covid-zero policy was a disaster. Each
bad decision could not be stopped, since
there was no way to stop it.

What about Biden's America? Biden grew
up as a member of the KKK, under the
guidance of his KKK Grand Kleagle mentor
Robert Byrd. Biden must have overseen
the lynching and killing of any number
of young black males, as he prepared
himself for a new civil war under the
slogan, "The South Shall Rise Again!!!"

Biden himself proves every day that he
isn't capable of running anything. But
under the circumstances, it's reasonable
to say that the KKK is running the
country, using Biden and the Democrat
party as puppets. That's why hundreds
of blacks are killed in Chicago,
Baltimore, and other Democrat-KKK run
cities. That's why Biden administration
policies are trashing the cities run by
Democrats, and are flooding the country
with illegal immigrants from China and
Central America, and are flooding the
country with fentanyl. Apologists claim
that these are unintended consequences,
but after 2 1/2 years, we can be sure
that they're intentional.

After 160 years, the Democrats are still
furious that the Republicans won the
Civil War and freed the black slaves.
Since then, the Democrats have done
everything possible to get revenge --
create the Ku Klux Klan (KKK) militia,
pass the Jim Crow laws, destroy the
"Black Wall Street" in Tulsa in 1921 by
burning down the city and killing the
blacks, and by using welfare policies to
destroy black families.

Returning now to your point about
leadership, now the KKK-Democrats have
doddering, helpless Biden as their
puppet, and they can use their control
of him to get their final revenge on
America by destroying as much of the
United States as they can. They know
that they only have until November of
next year, so they're moving as fast as
they can.

This is where we see the advantage of
America as a Constitutional Republic.
If this were a dictatorship with the
KKK-Democrats in charge, they would
already have destroyed the country.
Instead, they have to deal with many
roadblocks, including the Congress. the
Supreme Court, the individual states,
the media, and elections.

It would be interesting to do research
to expand your ideas about leadership to
compare businesses and governments.

[XXX3]

I thought Obama was the one running things behind the scenes.

I agree that the Democrats are destroying America, my only.question for you is what are America's chances of surviving this?

Wouldn't civil war and national breakup be the best option now?