Inside this podcast, there are many wolves. This is a follow-up conversation with Isaac and The Carousel I had several months ago, the first one found here.
Here’s a quick breakdown and some comments, but first, a review!
1st part:
I continue redpilling Isaac on Federal Reserve impotence. Including interest rate deconstruction, the difference between reserves and bank deposits, how credit is made, and tying it all together so you can understand that the Fed does not deserve your reverence, but your derision. I get technical, but in a functional way.
My goal is to present this in such a way that a non-finance person can absorb it and understand what’s going on (Isaac doesn’t come from a finance background, so it’s not being explained in a way where prior knowledge is needed).
I know I speak quickly, and if there are questions or parts I can explain better please let me know and feel free to ask.
Related essays:
The Fed Part 1: QE, A Mechanical Deconstruction of an Impotent Illusion
The Fed, Part 4: The Federal Reserve Does Not Control Interest Rates
The Fed, Part 6: Interest Rates & Futures For Dollars
2nd part:
The parallels between how globalism guts your middle class, and how moneyball guts your midrange jumpers (this is real phenomenon in the NBA). When you place excessive emphasis on expected-value calculations and optimizing for it at all times always, it erodes the middle. It degrades the variance and color that an Excel sheet cannot quantify, but the human spirit requires.
Related essays:
Midrange Jumpers for the Middle Class (NBA chart in here)
The Volatility Tax Must be Paid
3rd part:
AGI's eventual existence, using patterns to figure out other patterns, how I perceive intelligence, Jim Simmons, and taking "history doesn't repeat, but it rhymes" seriously.
Some research I draw from on the AGI comments:
Speech2Face: Learning the Face Behind a Voice. This AI research was able to generate a facial image of a person based on their voice alone. The researchers trained a deep neural network using a large dataset of facial images and voice recordings. Here’s a thread from me on it with the research. Voice physiognomy is real….
Likes and shares always appreciated.
Here’s a link to the conversation on YouTube.
Share this post