In today’s enlightened digital age, your purchase is simply an entry at your broker’s computer, and you do not own what you think you own. Under laws in all 50 states, what you actually own is a “securities entitlement.” This is a new form of “property ownership” that is more like a contract between you and your broker. Progress.
But if the financial system were to totally collapse—think 2008, but much bigger—nearly every stock and bond that is in electronic form can be legally taken as collateral by the largest “too big to fail” financial institutions. Sure, it would crush many millions of individual investors. But it’s all for a good cause: saving the systemically important financial institutions. You can’t make an omelet without breaking a few eggs, right?
This will happen without your knowledge and without any action or fault on your part—even if you are entirely debt free. If that sounds wrong, it’s because it is. It is also legalized fraud.
So, how did we get here? It is a fascinating story involving some of the most boring and dense state laws on the books. Hat tip to ZeroHedge for posting an article titled “Intentional Destruction: First COVID, Now Comes ‘The Great Taking’” by Matthew Smith that was in part based on the work of David Webb and his book The Great Taking. //
The Uniform Law Commission (ULC) was formed for the purpose of developing state-level laws that would change the patchwork quilt of state laws into a more uniform set of statutes. The most prominent uniform law is the Uniform Commercial Code (UCC), and this issue centers around UCC Article 8. The ULC presented a model law revising Article 8 in 1994, and the law was passed by all 50 states over the next several years.
Sitting inside the new Article 8 language are several provisions that put the rights of individual investors at risk. The first significant change is the concept of “securities entitlement.” //
The individual investors have no role in the lending practices of their broker, why does the law allow the taking of their assets?
To answer that question, you need to know the fundamental objective of the Article 8 revisions. The driving motivation was systemic risk in the financial markets (if they were worried about systemic risk in 1994, what do they think about it now?). Importantly, the Article 8 revisions did not do anything to reduce the likelihood of systemic risk. In fact, the committee made it worse by removing risk and consequences for shady financial activity. Instead, what the changes actually do is protect the “too big to fail” banks if a systemic financial collapse occurs.
The UCC has turned the concept of property rights upside down, but the UCC is also a state law, and state legislators can, therefore, take steps to restore the rights of investors or, at the very least, require informed consent. //
any system that requires the people to sacrifice their property to support the financial institutions that built this mess in the first place is not a system worth saving. //
anon-cugn
14 hours ago
From The Two Towers:
Theoden: I will not risk open war!
Aragorn: Open war is upon you, whether you would risk it or not.
We have an enemy. We are at war.
1 Peter 5:6-11
Curmudgeon
10 hours ago
The bank in question testified at the trial for the defence. They stated they did their own assessment and agreed terms with Trump. The loan was paid back in full in accordance with the agreement. //
Blue State Deplorable
9 hours ago edited
This prosecution is patently ridiculous. First, there are no damages - the bank was made whole with interest. Second, the bank is not some unequal partner that was taken advantage of. This is their business and they have professionals that advise them accordingly. Third, and as Kevin O’Leary points out, this is a negotiation that happens every day in every city in America. It’s how commercial real estate development is often financed. Anyone who thinks Trump is guilty of something here is galactically stupid. //
Ready2Squeeze Romeg
9 hours ago
At least here in NY, valuations for purposes of taxes are always much lower than what the property is worth on the market. That is done intentionally as it fools a lot of people into thinking that they are getting a 'deal' on their tax assessment - when in fact everyone else's property is similarly 'under valued'.
But don't worry - the government just makes it up on the tax rate ...
# pfctl -f /etc/pf.conf && sleep 60 && pfctl -dLoads the ruleset, sleeps for 60 seconds then disables the firewall. Should be enough time to test. If you happen to lock yourself out wait 60 seconds and the firewall will be disabled allowing you access again.
A sub-Saharan African nation has been declared malaria-free for the first time in 50 years.
Cape Verde was given the status by the World Health Organization (WHO) as it has not reported a single case of local transmission in three years.
Experts have described this as a major achievement.
Malaria is a huge killer on the continent. In 2022, 580,000 people in Africa died from the disease, amounting to 95% of fatalities worldwide.
The disease is caused by a complex parasite which is spread by mosquito bites.
Vaccines are now being used in some places but monitoring the disease and avoiding mosquito bites are the most effective ways to prevent malaria.
Cape Verde, a small island nation off the coast of West Africa, has taken years to reach this point by strengthening its health systems and increasing access to diagnosis and treatment of all cases.
Surveillance officers have been detecting cases early, as well as controlling mosquitoes. //
On an island, it is easier to map out the areas most affected by the disease and see how it is being transferred from one island to another, compared to a continuous land mass.
In badly affected countries such as Nigeria, Tanzania and the Democratic Republic of Congo, there is a highly mobile population regularly crossing borders, making it difficult for one country to eradicate the disease on its own.
Cape Verde's success "gives us hope that with existing tools, as well as new ones including vaccines, we can dare to dream of a malaria-free world", WHO Director General Dr Tedros Adhanom Ghebreyesus said.
The last country in sub-Saharan Africa to be declared malaria-free was the island nation of Mauritius in 1973. Algeria, in North Africa, achieved this status in 2019.
1/11/24 update added below.
Windows 10 users worldwide report problems installing Microsoft's January Patch Tuesday updates, getting 0x80070643 errors when attempting to install the KB5034441 security update for BitLocker.
Yesterday, as part of Microsoft's January 2024 Patch Tuesday, a security update (KB5034441) was released for CVE-2024-20666, a BitLocker encryption bypass that allows users to access encrypted data.
However, when attempting to install this update, Windows 10 users are reporting getting 0x80070643 errors and the installation failing. //
When installing the KB5034441 security update, Microsoft is installing a new version of the Windows Recovery Environment (WinRE) that fixes the BitLocker vulnerability.
Unfortunately, Windows 10 creates a recovery partition, usually around 500 MB, which is not large enough to support the new Windows RE image (winre.wim) file, causing the 0x80070643 error when attempting to install the update. //
Microsoft releases script to install fix
Microsoft has released PowerShell scripts that automate the installation of the BitLocker CVE-2024-20666 security patch to the Windows 10 Windows Recovery Environment (WinRE).
These scripts do not install the KB5034441 update but rather mount the WinRE partition, copy over the images from a dynamic update, and unmount the partition again.
The WinRE partition will now contain the latest files, including the BitLocker fix, effectively eliminating the need for the KB5034441 update on these machines.
A California man who lost $100,000 in a 2021 SIM-swapping attack is suing the unknown holder of a cryptocurrency wallet that harbors his stolen funds. The case is thought to be the first in which a federal court has recognized the use of information included in a bitcoin transaction — such as a link to a civil claim filed in federal court — as reasonably likely to provide notice of the lawsuit to the defendant. Experts say the development could make it easier for victims of crypto heists to recover stolen funds through the courts without having to wait years for law enforcement to take notice or help. //
On Dec. 14, 2023, a federal judge in the Eastern District of California granted Dellone permission to serve notice of his lawsuit directly to the suspected hackers’ bitcoin address — using a short message that was attached to roughly $100 worth of bitcoin Mora sent to the address.
Bitcoin transactions are public record, and each transaction can be sent along with an optional short message. The message uses what’s known as an “OP RETURN,” or an instruction of the Bitcoin scripting language that allows users to attach metadata to a transaction — and thus save it on the blockchain.
In the $100 bitcoin transaction Mora sent to the disputed bitcoin address, the OP RETURN message read: “OSERVICE – SUMMONS, COMPLAINT U.S. Dist. E.D. Cal. LINK: t.ly/123cv01408_service,” which is a short link to a copy of the lawsuit hosted on Google Drive. //
Let’s think about this for a second. We now can be served via an email that: inspires urgent action, cites consequences, is from an unknown/untrusted sender and, apparently, can use shortened links. Isn’t that EXACTLY the sort of thing we’ve all been telling our parents to be skeptical of?
The recent runway collision at Tokyo’s Haneda Airport involving a Japan Airlines (JAL) Airbus A350 has placed a spotlight on the resilience of modern carbon-composite aircraft (Airbus A350, Boeing 787, 777-8 and 777-9) in catastrophic fire scenarios. This incident, which marks the first major destruction of a lightweight airliner by fire, is being closely observed as a critical test case for the new generation of high-tech composite airplanes.
The JAL Airbus A350-900, colliding with a De Havilland Dash-8 coast guard turboprop plane, burst into flames shortly after landing. Despite the severe circumstances, all 379 people aboard the A350 were successfully evacuated, though tragically, five out of the six coast guard crew members perished.
The aviation industry is now keenly focused on how these advanced composite airliners, which have revolutionized long-haul flights and airline economics over the past decade, withstand catastrophic fires. Investigators are currently probing the cause of the collision, with the aviation community awaiting insights into the survivability and durability of these high-tech planes in extreme conditions. //
Composite airframes, as explained by Bjorn Fehrm, a composites expert at Leeham News, offer several advantages over traditional aluminum planes. For instance, carbon fiber can withstand significantly higher temperatures, smoldering and burning away rather than melting. Airbus has previously indicated that the A350 demonstrates “an equivalent level of safety” compared to aluminum planes, showing “increased resistance” to fire penetration.
However, prolonged exposure to intense heat can compromise the structural integrity of composite airframes, even if the outer skin appears unscathed. The lengthy duration of the JAL A350 fire, lasting over six hours, raises questions about whether special firefighting techniques are required for composite jets.
John Kennedy @SenJohnKennedy
·
Pres. Biden sent us a nominee who didn’t know the basics of the U.S. Constitution.
Judge Bjelkengren is right to bow out, but Pres. Biden just keeps trying to put unqualified people on the bench—for life.
People who don't know the law have no business running our courtrooms.
3:23 PM · Jan 10, 2024
He had asked her basic questions about what Article 5 and Article 2 of the Constitution are, and she had no idea, saying they weren't "coming to mind." She couldn't even hazard a guess. How, as a federal judge, going before the Senate and Kennedy, do you not know the answer to that one?
Gopher 5 hours ago
The easy answer... There is NOT enough electric generation (or power grid capacity) available to replace the power used by gasoline vehicles.
1 gallon of gas = 33.7kWh of power.
The US uses 134,830,000,000 (yes, 134 Billion) gallons of gasoline/year.
4,543,770,000,000. 4.543 Trillion kWh of electricity.
In 2018 we used 3,900,875,000,000 or 3.900 Trillion kWh of electricity.
In other words we need the ability to generate well over TWICE as much electricity (8.4 Trillion kwh) as we currently generate just to stay even.
Add the range and power of semi's and locomotives and ships fueled by diesel and we are WAY, WAY short on our electric generation needs.
HAWLEY: Let's talk a little bit about who's really benefiting from this administration's climate agenda, and from these draconian electric vehicle mandates. So, Mr. Turk, you've already alluded to this. I know you know the answers to these questions. Currently, one nation accounts for 60 percent of the world's electric vehicle production. That nation is?
TURK: China
HAWLEY: One nation accounts for 76 percent of the world's lithium battery production. That nation is?
TURK: China
HAWLEY: Yet, your administration, the president's administration, the mandates that you put in place require that two-thirds of our new vehicle sales in just the next eight years be electric vehicles. Your policies are driving us and our supply chains into the hands of our greatest geo-strategic enemy, enriching them, enriching their government ....
So, Mr. Turk, why is it good for the American worker that we force our supply chains to a country that is our greatest rival and adversary, and why is it good for the American consumer? //
Meanwhile, China remains the world's largest emitter of carbon emissions, and they aren't slowing down anytime soon. Think about how insane that dynamic is. We are knee-capping Americans for "climate change" to enrich China, which is continuing to build coal-fired power plants like they are pop-up houses. If the Biden administration was purposely trying to sabotage the United States, what would it be doing differently? //
anon-608f
5 hours ago
The EV mandates have nothing to with environmental conservation and everything to do with limiting citizens freedom of travel. The globalist elites intent is to depopulate the world in accordance with their ideology and new religion.
They learned all they needed from the Soviet Union and the Holodomor- disarm a population, make them politically unsavory, restrict their ability to communicate with the outside world, restrict their ability to flee, then starve them out of existence.
Make no mistake, Whites are first in their sights but no one is safe...only temporarily useful.
UFW, or Uncomplicated Firewall, is a simplified firewall management interface that hides the complexity of lower-level packet filtering technologies such as iptables and nftables. If you’re looking to get started securing your network, and you’re not sure which tool to use, UFW may be the right choice for you.
This tutorial will show you how to set up a firewall with UFW on Debian 10.
As US dams age, removal is always an option—and it can be done well. //
Wending its way from the Olympic Mountains to the Strait of Juan de Fuca, Washington’s Elwha River is now free. For about century, the Elwha and Gilnes Canyon Dams corralled these waters. Both have since been removed, and the restoration of the watershed has started.
The dam-removal project was the largest to date in the US—though it won’t hold that position for long. The Klamath River dam removal project has begun, with four of its six dams—J.C. Boyle, Copco No. 1, Copco No. 2, and Iron Gate—set to be scuppered by the end of the year, and the drawdown started this week. (In fact, Copco No. 2 is already gone.)
Once the project is complete, the Klamath will run from Oregon to northwestern California largely unimpeded, allowing sediment, organic matter, and its restive waters to flow freely downriver while fish like salmon, trout, and other migratory species leap and wriggle their way upstream to spawn. //
The Dark Ars Praefectus
7y
10,623
org said:
That's too absolutist. Many small dams can only generate a few hundreds of kW or low double digit MW. That's a drop in the bucket for power generation but their local impact can be huge. I guess I mean you have to do case by case analysis to see when it's worth it.
Using the article as an example, the four dams being removed from the Klamath are John C Boyle (90 MW), Copco 1 (20 MW), Copco 2 (27 MW), and Iron Gate (18 MW). The four produced 686,000 MWh annually, or about 50.5% of their nameplate capacity. //
QuantifiableQuoll Ars Centurion
7y
272
greendave said:
Would have liked to see a discussion of the cost of these removals (reportedly $40-60 million for the two on The Elwha River, and $350 million overall for restoration). Those numbers seem exorbitant and make it hard to imagine that we'll be able to afford much removal/restoration in the long term.
The only reason PacificCorp, owner of the dams, agreed to the removal of the Klamath dams is because it was cost prohibitive to keep them in place. They needed mandatory upgrades and were already not competitive in a power generation market full of windmills/turbines/whatever and newer dams.
Source https://www.washingtonpost.com/climate-solutions/interactive/2023/klamath-river-dam-removal/
Wherever you may be in the world, you may need to access your home computer. You can connect to the DWService website from any device and immediately gain control of the computer (Screen + Files + Running processes).
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Doubtless Democrats will argue that they can enact new laws and regulations to remedy the problem their last “solution” caused.
But the socialist left ignores that no law requires companies to invest in new drugs at all — they only do so because it makes financial sense. If it does not, then companies may invest in cloud computing technology, driverless cars, or many other types of projects instead.
Benny Johnson
@bennyjohnson
·
Follow
🚨 WOW 🚨
Vivek FLIPS script on Reporters, leaving media STUNNED by simply asking:
- 'Did you lie about Trump-Russia collusion?'
[SILENCE]
- 'Is Hunter Biden's laptop Russian disinformation?'
[SILENCE]
- 'Did COVID leak from the Wuhan lab?'
[SILENCE]
Just WATCH:
1:57 PM · Jan 10, 2024 //
Atrox
an hour ago
One problem is people look at/view the "press" as well "press". They ARE NOT press. They are part of the government. They ARE the DNC. No fair, no balance, no opinions, no facts, no truth, just LIES, just DNC talking points/narrative. I call them USPRAVDA all the time because that is EXACTLY what they are. They ARE government.
In 2022, Alaska elected Democrat Mary Peltola in a special House election in the “first federal test” of the state’s “jungle” primary.
“Ranked-choice voting is a scam to rig elections,” Republican Arkansas Sen. Tom Cotton declared at the time, noting that “60% of Alaska voters voted for a Republican, but thanks to a convoluted process and ballot exhaustion—which disenfranchises voters—a Democrat ‘won.’”
Even when RCV doesn’t deliver victory to a less popular candidate, it can create delays that generally undermine voter confidence.