smayonak @ smayonak @lemmy.world

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2 yr. ago

Even if Mozilla takes precautions to avoid de-anonymizing our data, any private data sold to data brokers becomes a part of the puzzle for learning our identities

https://en.wikipedia.org/wiki/Data_re-identification

Even knowing something a trivial as two movie ratings led to a 68% success rate in learning an identity.

There was a massive voter suppression campaign in 2016. Specifically there were roll purges in many of the swing states. Trump's team has inserted MAGA cultists at all levels in Georgia. They're trying to do the same throughout the rest of the swing states.

The racists are trying to appeal to both black and white voters here. They used to say that things like:

"What do you get when you mix clean water with dirty water?"

"Dirty water"

Now they're saying that people of mixed heritage aren't anything. That they're the Other.

Harris grew up in Oakland in a Black neighborhood. As usual the racists are cruel but here they're spreading an obvious lie designed to erode her standing among black voters

I was trying to make a joke but didn't succeed.😞

I've heard them call people of Indian descent the same slurs that they use for Blacks and Arabs. These are not people who get ambiguity or experience empathy.

I think theyre angry because many of the Weird Cheeto's bigoted voters will want clarity on what kind of racial slur they'll use as they are a discriminating bunch.

I'm glad someone else remembers this bs. The right wingers attacked Obama in the same way because he was raised by a white single mother in Hawaii and later by an Indonesian step father overseas. Because these idiots don't have a word for that, they attacked him as a pretender. But let's be clear, they don't do ambiguity because complexity loses them voters.

Strangely the right wingers got something almost correct for a change. It's true that the concept of "race" is both racist and artificial. It's how you were raised that largely determines your culture. Obama wouldn't fit in in Africa. True. But he was raised as an American. THAT MEANS HE'S AMERICAN.

The same is true for Harris. Its sad that she's going to get attacked for being raised by an Indian-American-Jamacian mother in oaktown (which was predominantly black back then) because of stupidity and the great orange puff's lack of self control

Everything you wrote lined up with the article on wikipedia so if you got something wrong I didn't see it.

I'm referring to the book "This Time Is Different: Eight Centuries of Financial Folly" the title of which mocks the oft repeated defense of bubble investors:

https://www.nber.org/system/files/working_papers/w13882/w13882.pdf

But their point is that every single asset bubble ended up popping, despite the protections instituted by banks and governments. They also point out that the bubbles have been getting bigger and bigger

I'm not sure what you mean, but no, I don't think that and I didn't write that but i can understand the confusion because it's not well known how QE works. Some forms of QE prevent crashes. The Fed can achieve this by taking the bank's failing debt instrument off the books, and swapping it for a t bill.

Sorry I appreciate your comment. So I read (erroneously?) that central bankers had done away with the reserve ratio in the fractional reserve banking article. And that just seems like a reckless thing to do given how prone to bubbles our economy is.

One of the main points in "this time is different" is that despite the math, we are experiencing greater and greater asset bubbles and at no point in world history were things actually different.

Thanks for the reply. I hope you don't let my spelling or use of ex nihilo (this is the exact language used by the fed and economists, I didn't just make it up) turn you off, because at a policy level they are pursuing policies that keep real estate prices high.

This seems like an already failed banking model which places lenders at the front of the pack and will lead to only larger asset bubbles. Japan's Kiretsu system of banking led to banks taking out loans to cover up their own investment losses as they had put their money into an asset bubble which collapsed. Banks then committed wholesale fraud by disguising such losses on their books. The Japanese government then used quantitative easing. They create money ex nihilo, swap the money for a t bill, then they bought the toxic assets by giving t bills to the bank. The bank doesn't sell the t bill, they merely collect interest on it.

The main effect is a system in which bubbles are never popped and consumers suffer a declining standard of living in order to keep asset prices high.