Showing posts with label china. Show all posts
Showing posts with label china. Show all posts

9/24/21

China foolishly bans ALL cryptocurrency transactions

9/24/21

From Bloomberg:

Crypto-related transactions will be considered illicit financial activity, including services provided by off-shore exchanges, the People’s Bank of China said on its website. It added that cryptocurrencies, including Bitcoin and Tether, are not fiat currency and cannot be circulated.

Bitcoin slumped in the wake of the announcement, falling 8% to about $41,000 as of 9 a.m. in New York.

Chinese officials are going further to stamp out crypto trading for its ties to fraud, money laundering and excessive energy usage. China already has rules that bar banks from offering crypto-related services. To get around such rules, traders have moved to over-the-counter platforms and offshore exchanges.

I'm no longer afraid of China, at least not for the long term. They're so arrogant they believe they can control and shape the future of finance and exchange by banning cryptocurrency. Dear China, that ship has sailed long ago. Have fun playing catch-up forever.
Keep chasing that elusive leprechaun with promises of total control and power at the expense of your future, China. There will always be leprechauns to chase, as people will never stop finding ways to subvert authority.

With the uncertainty about China largely out of the way, perhaps the cryptocurrency scene can finally start growing into its own (in any case, now's a good time to buy). It's time to leave the CCP in the dustbin of history.

9/8/21

Daily Mud's Razor

9/8/21

Never ascribe to coincidence that which is adequately explained by government incompetence.

 

It appears Anthony Fauci did lie about coronavirus gain-of-function research at, and the United States taxpayer funds that went to the Wuhan lab in China.

I'm going to go out on a limb and suggest that the Covid-19 virus originated in that Wuhan lab. Similar to Occam and Hanlon's razors, I think the more probable and obvious explanation is government incompetence. Not only is this China's major fuckup, but the United States helped pay for it. Two 21st century superpowers and they can't even keep a virus contained. 

Who's genius idea was it to not only experiment on/create new deadly viruses, but to do so in a massive population center? I bet this person happens to be very wealthy too.

If it weren't for individuals' resilience and resourcefulness, and humankind's uncanny ability to fail upwards, I would say the world is doomed.

A brief lesson in market intervention

 Communism, socialism, whatever it is, it's well-intentioned government intervention in the market:

6/25/21

Lol China

6/25/21

 Via mostly leftwing site HotAir, I saw this:

I am so well-trained by our diversity police that the first thing I noticed is there are no women pictured. I'd be very surprised if a woman even had a significant role in this Chinese propaganda film. Does China have female doctors? (Yes, but good luck finding any statistics, let alone credible statistics).

But more importantly, I began to think about that Chinese doctor, Li Wenliang, who blew the whistle on China, and died shortly after from the virus. Any chance he'll be in the movie? Don't hold your breath.

And lastly, from the HotAir post, Allahpundit raised an excellent point about the NIH removing data upon the request of a Chinese scientist:

Erasing material that’s already been published is considered unethical on a *blog* ... At the federal government’s top public health agency, though, it seems they follow a “memory hole” policy. In the unlikely event that the Chinese researcher who submitted the early Wuhan data was telling the truth about updated genomic sequences being posted to a new database, the original data should have been left up with a note indicating that it was outdated and directing users to that database. Allowing scientists, especially scientists from totalitarian countries, to remove information after the fact is all but inviting them to make NIH complicit in their cover-ups.

Emphasis mine. I see the NIH is competing with the FBI for most incompetent/corrupt bureaucracy. That memory hole policy is looking sharp right now. Now you know why governments across the world are slow-walking their embrace of blockchain, they can't destroy evidence (China however, is leading by example of how to get your totalitarian blockchain on).

6/15/21

Why are we pretending to believe China?

6/15/21

 Stories like this, about the China Bat Lady and her defense of the Wuhan Institute of Virology, imply we are very much open to believe China's story, or at least take their arguments in good faith. Can we just stop acting like idiots? Can we at least stop pretending to be idiots?

“How on earth can I offer up evidence for something where there is no evidence?” she said, her voice rising in anger during the brief, unscheduled conversation. “I don’t know how the world has come to this, constantly pouring filth on an innocent scientist,” she wrote in a text message.


 In a rare interview over email, she denounced the suspicions as baseless, including the allegations that several of her colleagues may have been ill before the outbreak emerged.


The speculation boils down to one central question: Did Shi’s lab hold any source of the new coronavirus before the pandemic erupted? Shi’s answer is an emphatic no.


But China’s refusal to allow an independent investigation into her lab, or to share data on its research, make it difficult to validate Shi’s claims and has only fueled nagging suspicions about how the pandemic could have taken hold in the same city that hosts an institute known for its work on bat coronaviruses.

Emphasis mine.There are two key questions, one of which is: did the virus originate from the Wuhan lab? The other and perhaps just as important, why is China stonewalling any and all investigation into that question? 

It's like believing North Korea is dismantling their nuclear program on their say-so, while they deny international observers access.

I honestly find it hard to understand why we are still trading with China, despite well-documented wide-spread human rights violations, and I'm not talking about political stuff, but real and horrible ethnic-cleansing-shit for which any other country would be globally excoriated and harshly sanctioned. I know, it's the money. And it's depressing.

Sometimes the blocking of truth-seeking endeavors is complicated and genuinely has to do with factors having nothing to do with hiding guilt. But other times, especially when it's the fucking theme song of their entire modern history, it pretty much means they're hiding guilt. Sanctions are in order.


Also, free Hong Kong, Taiwan is a country, China is asshole.

9/6/17

Our nonchalant policy on nuclear proliferation

9/6/17
China has nukes, Israel has them, India and Pakistan have them, Iran has or will have them. North Korea has them. Not to mention Russia and several Western nations. Notice a trend here?

Perhaps we've slowed or stalled nuclear proliferation here and there, even dismantled a few of our own nukes. But if a country really wants it, they will get it.

When it comes to the more-or-less publicly known nuclear programs among adversarial, enemy, or rogue states, we have consistently taken a casual approach, up to and including acceptance. We talk tough, we apply the occasional sanction, and we vow to never let Elbonia go nuclear. But we let them, and they do.
Rumor has it the generals get a medal for every purge they survive
I don't know whether the casual approach is better than any other, I'm not even sure if acceptance of nuclear proliferation is a good or bad philosophy. But I do know that people are animals and tend to be scared of big sticks. When a frightened house cat puffs up its fur, hunches its back in the air, starts hissing, growling, and spitting it's usually enough to scare off much larger predators.

If you've spent some time watching nature documentaries, you know that most territorial fights end before they start. And even when it comes to violence, rarely is it fatal. The key to winning a fight with a big dumb animal is appearing to be more vicious and threatening than is worth the trouble. There are exceptions, of course. And those exceptions are bloody.

People are like this. I remember in high school, some punk got mad because I was dating his ex-girlfriend. He came up to me and started yelling and pushing. I yelled back. He threatened hell on earth, said he would put me in the hospital. I was no fighter, and his words were, to my inexperienced ears, a little frightening. I instinctively wanted to back down. For some reason I didn't. I called his bluff. I stood there and said stop talking and do something. He lobbed a few more insults and walked away.

Even though I always believed him to be an idiot, I thought even less of him after that. North Korea does this a lot. They threaten hell on earth, warning that they will put us in the figurative hospital. But they don't, and we know that.

But on the other hand, we are like that too. How many decades have we vowed to stop nuclear proliferation? To stop North Korea? To stop Iran? We are all talk. So are they, but their sticks are getting bigger and bigger relative to ours. The bluff game doesn't really work when players consistently and reliably bluff. The moment somebody catches on, they'll exploit the living shit out of it.

I don't know. Maybe one day the idiots will think they won't have to walk away; maybe they're already exploiting the living shit out of us.

Which brings me to this editorial by Sung-Yoon Lee:
For far too long, the United States has shied away from shutting off the Kim regime’s sources of money and matériel, let alone sanctioning its Chinese partners. This has been out of concern that Pyongyang might escalate its aggression or that Beijing would adopt retaliatory economic measures. These fears are unfounded: North Korea escalates tension according to its own timetable, while China shows restraint in the face of legitimate financial measures.
"SHIED AWAY!?" From stopping various Kim Jong-nutbags?? How does he know that? But you know what, my political cynicism tells me this version of geopolitical history is so pathetic it must be true.

Every fracking missile test we hear the hawkiest Republocrat say: "It's time to take the kid gloves off when dealing with Iran/North Korea/insert bad country." Apparently we've been putting those gloves back on prior to every missile test, lest we risk running out of symbolic tough-guy gestures and have to visibly back down. The rhetoric is puffed fur, the actual policy is face-saving nonchalance.

Like I said, I don't know if our apparent policy is better or worse than any other approach. I mean, we would actually have to go to war to stop this, or take Sung-Yoon Lee's optimistic advice and economically blockade North Korea. Which might start a war.
Maybe it's too late to stop North Korea, and perhaps even Iran. But I do know that the longer we wait, the more that becomes certain. Cheap talk I know, but all our options suck. Which is probably why we're doing nothing beyond puffing fur. ¯\_(ツ)_/¯

6/2/14

New Olympic Games to be hosted in North Korea, China, and by various other pompous dictators henceforth

6/2/14
After decades of more or less irresponsible spending in most of Western welfare-state civilization, the return on investments of throwing money down bottomless pits aren't looking so good. A few of us caught on many years ago:
Sports teams bring little net economic benefit. No disinterested economist has found any justification for the premise that they improve the local economy - instead, they just shift benefit around.

Teams take better care of stadiums they actually own....

Teams always underestimate the tax burden of the stadium and the implied subsidy. Often you see them arguing that the stadium will be funded only out of the revenues from the stadium itself -- well if that's the case, then why does the public need to be involved at all?
Fast forward to 2014, when it's time to bid on the 2022 Olympics. The only bidders left interested are Kazakhstan and China. Haha:
Bidding on the Olympics has been justified for years by one big economic lie: investing in hosting Olympic Games will lead to long-term economic growth.

It doesn't.

In a 2006 paper, "Mega-events: The effect of the world's biggest sporting events on local, regional, and national economics," Holy Cross economics professor Victor Matheson took this idea to task:

"Public expenditures on sports infrastructure and event operations necessarily entail reductions in other government services, an expansion of government borrowing, or an increase in taxation, all of which produce a drag on the local economy. At best public expenditures on sports-related construction or operation have zero net impact on the economy as the employment benefits of the project are matched by employment losses associated with higher taxes or spending cuts elsewhere in the system."

Matheson also argues that Olympic economic impact reports often ignore the significant costs for things like security and conflate "general infrastructure" with "sports infrastructure."
Read the whole thing, and be sure to check out the video showing a lot of the abandoned Olympic stadiums of yesteryear. The only places left willing to throw money down that hole are desperate countries/dictators attempting to prove themselves to the rest of the world.

7/5/12

Should the next president invest in space exploration?

7/5/12
I'm admittedly torn on the issue, at least regarding government-run space programs that cost billions. Especially during an economic non-recovery.

But Douglas Mackinnon makes a strong case:
Chinese leadership — the same leadership that has made hacking our military and commercial computers a priority — understands that no nation on earth is more dependent for its overall survival on its satellites than the United States... What if they went dark or were destroyed in orbit?

...But preeminence is space is about much more than military advantage. Neil deGrasse Tyson, the director of the Hayden Planetarium at the American Museum of Natural History in New York, outlined that argument when he told Popular Science earlier this year:
If China sets up a permanent base on the moon, and tries to explore Mars on a time scale shorter than ours, that will be another space race. I am just certain of it. I am trying to get people to do this without having to view it as an act of war, or an act of a response to an adversary. One way is because of economics; the government could do this, and they could say, “The economic return is the scientists and technologists who invent the new tomorrow.” Space exploration is the carrot that incites people to become scientifically literate. So I view it as an economic development plan.
Maybe it’s time for the president and his Republican opponent to elevate a few issues to the “tangible” list regardless of personal or partisan self-interest. As China launches military satellite after military satellite while declaring its intention to colonize the moon, maybe preeminence in space should be one of them.
If money were no object, I'd be the first pushing for reachable goals within 5-20 years. Like more deep-space and asteroid-bound probes, manned flights to the moon--laying the foundation for a moon base, setting up a new Hubble on the dark side of the moon, gearing up for "robotic colonization" on Mars--setting the stage for manned missions. Further exploration of the moons of Jupiter and Saturn. And yes, these are all physically doable with today's technology.
Right now that's just fantasy. I must confess, a part of me wants the Chinese to force our hand. But a much bigger part of me wants the private sector to step it up; profiting off of space is a lot nicer than paying for it.

Central planning looks so pretty

*This content is brought to you by Marxism.*

So I just got an email from Friedrich Engels, who pointed me to this story about how the united workers of China have generously helped out their fellow workers in Angola, Africa.

I have to admit, all those blocks of centrally planned, color coordinated, high-rise apartment buildings have some appeal, in a creepy ghost town sort of way:

China sure knows how to build ghost towns, I'll give them that.

More at The Blaze, including video.

*This content is paid for by money forcibly taken from people who will never step foot in those buildings.*

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