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Muy Frio

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Posts posted by Muy Frio

  1. 18 hours ago, Neonmoon said:

    The majority of US debt is owned by the public (US Banks and Investors, only 1/3 by foreign entities). People will keep buying the debt because it’s the safest investment on the world. Because as previously mentioned, the US never defaults. Also because the US is the richest nation in the world, and if it needed more money, it could easily just raise taxes.

    in other news, 

    Step 2 - taper coming 

     

     

    14 hours ago, Muy Frio said:

    This sounds fun. We should bet on this. I say no taper before the end of the year. Interested? How much? 

    I guess it’s a no on this bet?

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  2. 1 hour ago, MillerEP said:

    While we were in there we sent in experts to do geological surveys and discovered that they're sitting on massive amounts of Lithium in their mountains. Somewhere in the range of $1trillion, so some have called it the Saudi Arabia of Lithium. The goal was to give the Afghans some industry that they could have to prop up their economy and become self-sufficient. The problem is they have virtually no security and no industry, so there wasn't any way to mine it out. They don't have "corporations" or billionaires like Western countries who can work the logistics and start-up costs it takes to get started, and then the security to ensure they can operate undisturbed so it just sits there.

    As you can imagine lithium batteries are only growing as a market, especially with most countries now trying to pivot to electronic vehicles. China has been especially interested in it, they want to go in and mine it all out and send it back to China. They have the money and means to do it.

    Of course Afghanistan also still is the world's largest producer of Poppies for opioids, so I imagine they'll go back to smuggling that for money.

    So whoever wins out, will get bribes by the Chinese to let the Chinese strip them of their resources, while also taking a cut of the poppy trade, while the man on the street will go back to extreme poverty.

    So, is it true about US troops guarding poppy fields? Did we ever do that? That’s one of those things conspiracy theorists liked to say. 

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  3. 4 hours ago, Neonmoon said:

    The majority of US debt is owned by the public (US Banks and Investors, only 1/3 by foreign entities). People will keep buying the debt because it’s the safest investment on the world. Because as previously mentioned, the US never defaults. Also because the US is the richest nation in the world, and if it needed more money, it could easily just raise taxes.

    in other news, 

    Step 2 - taper coming 

     

    This sounds fun. We should bet on this. I say no taper before the end of the year. Interested? How much? 

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  4. 10 minutes ago, MillerEP said:

    To answer what a good withdraw should've looked like. We held onto varying airbases around the country, we had Bagram near Kabul in the North and Kandahar in the South and now we have Kabul proper. Instead of pulling up and sneaking off in the middle of the night, you send out the call and have them report to the closest held US airfield. In Inka's friend's case, you could've had them report to Kandahar and then fly out from there. You get all personnel out FIRST and then you evacuate the military. We did it backward, security left like thieves in the night, and now civilians are left scrambling trying to figure out how the hell they can safely get all the way to Kabul airport through miles of Taliban-controlled territory and checkpoints. A lot of innocent people are going to end up paying the price.

    We were holding up just fine, the Taliban didn't come out of the woodwork until after we started abandoning bases and consolidating around the Embassy. We even had a date set it just kept getting seemingly arbitrarily changed, we should've started the evacuation months ago instead of assuming we can save it for the very end.

     

    1 minute ago, InkaUtexas said:

    Nah, you tell the Talibs. "See Amir, we are going to take Bost Airport. These people are coming in. Fuck with them and a Drone finds you." 

    We see everything in that country. We were just not looking for this type of situation. 

    Appreciate both of your inputs on this thread. It’s very interesting to see how things actually get done there and what’s possible vs the mostly useless media reports. 

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  5. 1 minute ago, InkaUtexas said:

    Yes and no. Some people believe their community will protect them. Other's believe God cuz they are on a mission. Other's just do not want to listen. Other's think meh, we got it. 

    They were alerted. That is the job of DOS. I saw this in Peru, El Sal, across Africa. When Lashkar Gah was getting hammered daily in 2006, before the USMC came in, I received a call from the brits at their PRT. They said Yank, go to the local airport (Not the NATO AIRBASE) since there is an American woman who flew in today and said she is a journalist. So we geared up and went out there. She was no Journalist. She lied. Her mission was to come to a messed up place to open up a factory for making dolls. 

    We had her out 5 days later. Man she was a pain in the ass. 

    Bitches be crazy 

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  6. 1 minute ago, Johnny Sack said:

    I don't know who planned what, but my 9 year old could figure out the steps for a withdrawal

    1. Evacuate all Americans

    2. Evacuate all allies who helped us and now face torture/death

    3. Keep our airbases open so if the Taliban fucks with us while we are evacuating 1 and 2, we can introduce them to a few A-10s and American artillery

    4. Evacuate troops and their weapons/hardware (also can assist protect the evacuation)

    5. Shutdown the air bases and GTFO

    Don't do #5 first.

     

    Basically this,

     

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  7. 6 minutes ago, DDD Dad said:

    From the op-ed:

    "There will be plenty of time later to look back on how and why the 20-year American intervention in Afghanistan failed so miserably, why the U.S. withdrawal was so badly mismanaged and how the U.S. government failed to predict that the Taliban would take over the country with almost no resistance. But right now, the No. 1 job of the U.S. government and the roughly 7,000 U.S. troops in or on their way to Kabul must be to rescue American citizens first and then all the Afghans who risked their lives based on America’s promise of safety."

    This echoes my sentiments exactly.

    Edited to add:

    "The blame game can wait. Thousands of Americans could become hostages or worse. Every hour that goes by without action places them in greater danger. Rescuing them is the most important thing right now."

     

    You know who always wants to avoid the blame game? The people at fault. The point is there should never have been thousands of Americans in this precarious situation. Major fuckup. Hopefully they can get them out safely, but as Phd said, when you’re having to venture out into now Taliban held areas to find these people anything can happen. 

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  8. 27 minutes ago, Brisketexan said:

    Agreed.  And this admin doesn't get to skate on that failure.

    Just a side question: the decision to leave was made months ago.  Under a different admin.  Did that admin have a plan in place to execute our departure so it WOULDN'T be a shitshow?  Nope?  Okay then.  So long as you understand that our Afghanistan adventure was a bi-partisan policy failure, damned near from start to finish, then you are close to getting it.

    This is silly. Everybody here knows the history of the war in Afghanistan. Only one President and administration is responsible for stuff like this. 
     

    Pathetic. And potentially tragic. 

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  9. 9 minutes ago, Rip76 said:

    One very weird thing I’ve noticed is that most ALL media sources are basically saying that Biden f’ed this up pretty badly.  Not something you see daily from all sources.

    Just an observation.

    That’s because the media generally cheers on the war machine. About the only thing his predecessor was universally cheered for was bombing somebody.

    IMO it’s been time to leave for a while now, but it appears to have been planned poorly and executed even worse. 

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  10. I enjoy Ferguson’s pieces  

    This key passage at the end sums things up pretty well IMO.

     

    I feel in my bones that trying to compete with China to build the best central bank digital currency is a mug’s game. The American way is to let innovation rip. Avichal Garg of Electric Capital is right in thinking that the best strategy to preserve the dominance of the dollar is precisely to encourage the international adoption of dollar-linked stablecoins, rather than to stamp them out. As the internet of money grows, the dollar is well placed to be the preferred global on- and off-ramp, connecting the nascent “metaverse” to the physical world where we still pay our taxes in fiat.

    If we have learned nothing else from the past half-century, it is surely that the best way to win a race with totalitarian rivals is not to copy them, but to out-innovate them. Make the wrong decision at this historic turning point, and we shall be interrupting a much bigger bonanza than Nixon did.
     

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  11. 41 minutes ago, Nice Guy Eddie said:

    Those coins are destroyed. The transactions still exist on the blockchain but those coin amounts were not transferred to a wallet.

    More detail: Basically when you send ETH or ETH tokens, there is a transaction fee that goes to the miners in addition to the ETH that is created via mining. Starting 2 weeks ago, the transaction fee was split into 2 parts: the actual transaction fee plus a tip for the miner.  That transaction fee part is destroyed creating fewer ethereum coins out there. 

    To get more technical, the early 2022 Ethereum upgrade will change the mining process completely. The ethereum coins mined (staking then) will be lower than the burn rate. Ethereum coins in circulation will slowly get less and less.  It has long been a criticism from Bitcoin people that Ethereum didn't have a coin circulation maximum like Bitcoin. While technically that will still be true, all models show Ethereum will reverse its coin growth in 2022 and start to contract.

    All of the above should put pressure on the Ethereum price to grow. 

    Saw some interesting numbers on the ETh change and its effect on DeFi tokens. 

    This makes sense to me. Might be selling my Snx and AAVE 

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  12. On 8/14/2021 at 12:39 AM, washparkhorn said:

     

    We are where we are. Pick a side. 

    You mean betting for or against the dollar? I’m betting we will continue to trash the dollar and inflate as much as we can in a controlled way. Thus I own stocks, a small amount of real estate, and Bitcoin.
     

    I reject the framing that betting against the dollar unpatriotic. That’s probably more of a CR topic though.

    You seem to want to make it a for or against the dollar situation. Instead of looking at it as who you are “rooting” for, what do you think is going to happen to the dollar in the future?

     

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