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#51
Crazy times / Failure of institutions.
Last post by RE - Jun 04, 2026, 12:32 AM
Oops, sorry, I accidentally overwrote your post instead of replying to it.  Feel free to rewrite it, I won't delete it.

RE
#52
The rest of the world / Do Americans really know how m...
Last post by RE - Jun 03, 2026, 03:31 PM
Quote from: TDoS on Jun 03, 2026, 02:37 PM
Quote from: RE on Jun 02, 2026, 09:47 PMHowever, yes most certainly on any given day in the bathroom at Drexel for every trader that went in there to take a piss, half a dozen went in to stuff their noses with enough blow to build an igloo.  lol.
RE

Having never worked with scientists, engineers, economists, industry or government types who did this, I am unfamiliar with the ....why? Floor hands and booze I get, smoking, sure, but the big type drugs among those generally considered intelligent? An alien environment to me.

It's the nature of the personality type driven to do this type of work.  It's fast pace, high stress, high risk, high excitement and very ego driven.  The type of personality that likes to do stuff like rock climbing and base jumping in a wingsuit.  Adrenaline & Endorphin Junkies.


It's also about the social scene around clubs and sex, which requires gobs of money to participate in for most males who are not GQ models. The money buys the coke which you stuff up the girls nose before stuffing the other orifices of their bodies with parts of your anatomy or a variety of vibrating devices available on Amazon.  The only people inhabiting this scene are pro athletes, musicians, actors, IT entrepreneurs, venture capitalist and traders.  Occasionally Pro Poker players.  The last 3 types all are at least 2 sigma smart the athletes 2 sigma physical ability, actors 2 sigma pretty.

RE
#53
Crazy times / Failure of institutions.
Last post by TDoS - Jun 03, 2026, 02:41 PM
Quote from: TDoS on Jun 02, 2026, 07:20 PMYou, as an exception, most certainly do not define the rule. 

Never said I did.  Just that for me as an individual it made more financial sense to take the risk.  Which as it turnhs out was the corredt decision.  It would have still been true with a few typical accidents as long as the costs came to less than $50K.  The only case not true would be a large liabilitty claim if I killed or hurt someone badly.  For me, I considered that chance negligible, and again I was right.  Had I been wrong,, well the injured party would have been shit out of luck.

RE
#54
The rest of the world / Do Americans really know how m...
Last post by TDoS - Jun 03, 2026, 02:37 PM
Quote from: RE on Jun 02, 2026, 09:47 PMHowever, yes most certainly on any given day in the bathroom at Drexel for every trader that went in there to take a piss, half a dozen went in to stuff their noses with enough blow to build an igloo.  lol.
RE

Having never worked with scientists, engineers, economists, industry or government types who did this, I am unfamiliar with the ....why? Floor hands and booze I get, smoking, sure, but the big type drugs among those generally considered intelligent? An alien environment to me.
#55
Crazy times / Failure of institutions.
Last post by K-Dog - Jun 03, 2026, 02:11 PM

GEOFFREYDEIHL.SUBSTACK.COM2026-06-02

Too Big to Not Fail

Wrong. Too big to avoid failure.


Failure is inevitable.
#56
Trump / Letters from an American
Last post by RE - Jun 02, 2026, 10:35 PM

HEATHERCOXRICHARDSON.SUBSTACK.COM2026-06-02

Letters from an American

His posts seemed designed primarily to reassure himself. By Saturday, so many of the musical acts his team had lined up to play at his Freedom 250 “Great American State Fair” from late June through the beginning of July had bailed that Trump posted that he was “thinking about bringing the Number One Attraction anywhere in the World, the man who gets much larger audiences than Elvis in his prime, and he does so without a guitar, the man who loves our Country more than anyone else, and the man who some say is the Greatest President in History (THE GOAT!), DONALD J. TRUMP


Chump's self-image by itself is proof he has had a psychotic break.  You couldn't be any further divorced from reality.  Plus it is pathetically juvenile propaganda.  Goebbels would have puked.

RE
#57
The rest of the world / Do Americans really know how m...
Last post by RE - Jun 02, 2026, 09:47 PM
Quote from: TDoS on Jun 02, 2026, 07:21 PMIs that the days of the cocaine parties and whatnot? I recall you mentioning your exciting youth when working somewhere with bankers and fiscal types.

Well, I don't think those days ever ended. There's a current series Industry on HBO based on the current crop of young hotshot City of London traders.  If it is at all an accurate reflection of the current zeitgeist, they are still blowing snow at a white out blizzard pace.  However, yes most certainly on any given day in the bathroom at Drexel for every trader that went in there to take a piss, half a dozen went in to stuff their noses with enough blow to build an igloo.  lol.



RE
#58
The rest of the world / Do Americans really know how m...
Last post by TDoS - Jun 02, 2026, 07:21 PM
Quote from: RE on Jun 02, 2026, 06:49 PMFrom Wiki

Drexel Burnham Lambert Inc. was an American multinational investment bank that was forced into bankruptcy in 1990 due to its involvement in illegal activities in the junk bond market

I quit before they got caught.  In my day we were not so stupid.

RE

Is that the days of the cocaine parties and whatnot? I recall you mentioning your exciting youth when working somewhere with bankers and fiscal types.
#59
Crazy times / Failure of institutions.
Last post by RE - Jun 02, 2026, 07:20 PM
Sure, shit can happen, but in driving most "accidents" are avoidable, they result from poor decision making of the part of the driver.  The insurance tables price out based on this.  Even discounts for good drivers factor in driver error.  I don't make errors driving, so my rates should reflect the extremely low probability I would ever make a mistake driving.  They don't.  I evaluated my odds of having an accident and bet I wouldn't have one every time I got behind the wheel for 50 years.  I won the bet every time, so obviously I made a good bet. lol.

RE
#60
The American economy / FSoA Sovereign Debt Hockey Sti...
Last post by TDoS - Jun 02, 2026, 07:17 PM
Quote from: K-Dog on Jun 02, 2026, 06:32 PM
QuoteYou see problems with the system as a default setting.

No, I do not see what does not exist.  A default setting would be delusional.  I am not.

I just read the words you wrote. They sure seemed to indicate my representation. And YOU put in the delusional, I don't believe the mental machinations we are talking about are delusional. People are people, and think in many different and varied ways. And some people BELIEVE so strongly that they then interpret things within that belief...and can arrive at faulty conclusions. Hence why I anchor my perspective in science, as opposed to believing things.


Quote from: K-Dog
QuoteYou never ask your friends or similarly thinking folks to test your thoughts.

That is untrue, smart people do it all the time.

Indeed we do. I've got 20+ PhD's on call, on various aspects of the physical/natural and social sciences. Hell, I'll ask the kids if the old man is crazy depending on the topic.

Online folks? Hit or miss...as the PhD's I can name during the peak oil days have demonstrated. I swear, how can you put that much time and money into getting a doctorate and not have been taught to think for yourself?