No Minister

Posts Tagged ‘Insanity

Money printer go brrrrr…….

with 10 comments

News out from NZ Stats this morning:

The consumers price index rose 2.2 percent in the September 2021 quarter, the biggest quarterly movement since a 2.3 percent rise in the December 2010 quarter, Stats NZ said today.

Excluding quarters impacted by increases to GST rates, the September quarter movement was the highest since the June 1987 quarter, which saw a 3.3 percent rise.

The 2011 kick was due to the National government increasing the rate of GST from 12.5% to 15%.

This one is due to “money printer go brrrrrrr……..”

Speaking of which, let’s go back a decade to the wonderful Clarke and Dawe comedy bit on the last time we indulged in “Quantitative Easing” to compensate for something that was only slightly less insane than government locking down an economy.

Written by Tom Hunter

October 18, 2021 at 12:15 pm

Karl Marx’s Economic Analysis and the Theory of Revolution in The Capital.

That’s the title of an economic thesis written decades ago at Moscow State University by an American student, attending courtesy of something called the Lenin Personal Academic Scholarship.

The person is one Saule Omarova, who is now a law professor at Cornell Law School. After graduating from Moscow in 1989 she returned to the USA where she got a PhD from the University of Wisconsin. She’s also still in love with the USSR:

“Until I came to the US, I couldn’t imagine that things like gender pay gap still existed in today’s world. Say what you will about old USSR, there was no gender pay gap there. Market doesn’t always ‘know best,’” she tweeted in 2019.

Ms. Omarova thinks asset prices, pay scales, capital and credit should be dictated by the federal government. In two papers, she has advocated expanding the Federal Reserve’s mandate to include the price levels of “systemically important financial assets” as well as worker wages. …

In a recent paper “The People’s Ledger,” she proposed that the Federal Reserve take over consumer bank deposits, “effectively ‘end banking,’ as we know it,” and become “the ultimate public platform for generating, modulating, and allocating financial resources in a modern economy.”

Perhaps she’s not aware that the USSR lost the Cold War and fell apart, revealing to the world what a complete sham its communist economy had always been.

By escaping the USSR she’s managed to live the typical wealthy lifestyle of a professor at one of America’s premier universities and is now ready to move on to other things.

Like running America’s banking regulatory system.

Joe Biden has nominated Saule Omarova to be Comptroller of the Currency. It is an important position. According to the Comptroller’s web site:

The OCC charters, regulates, and supervises all national banks and federal savings associations as well as federal branches and agencies of foreign banks. The OCC is an independent bureau of the U.S. Department of the Treasury.

Because of course this is what moderate, slighty left-of-centre Democrat Presidents do.

This is insane. Her nomination should be rejected with prejudice.

Is there anybody out there who still thinks it was a great idea to swap President Trump for Joe Biden?

Written by Tom Hunter

October 8, 2021 at 12:03 pm

You have 24 hours to handover the Batman

This is what it’s beginning to feel like with news like this.

Were I an anarchist I’d be loving this. Online – not just via FaceTwit but the community groups like Neighbourly and others – Aucklanders are doing the whole passive aggressive thing, turning on each other and bullying each other to be vaccinated.

So cool.

That’s 90% first jab, which, as we have been reliably informed, is not enough to count as “fully vaccinated”.

Mind you, at the rate we’re going, six months from now, you won’t be counted as fully vaccinated until you’ve had your second booster shot.

Written by Tom Hunter

October 4, 2021 at 6:00 am

“This is for your safety”

It seems to me that there are a lot of things that Police forces around the world have done in the last few years that have cost them the support of the one ideological side of the fence that had their back.

And of course when the Left decides to back the Police, you know it’s going to get bad. Think Okhrana (bad) to Cheka (good).

And so…

Written by Tom Hunter

September 29, 2021 at 9:18 pm

Mask Pornography

I’d already taken a shot at the mask stupidity (Masquerade) that has attended the great Chinese Xi Snot pandemic, as well as the hypocrisy of the rulers on the subject.

But I recently came across another great article on the subject in City Journal, Do Masks Work?

This took a slightly different approach by looking at the CDC’s approach to studies rather than the studies themselves (click the previous post if you want to see that). Statistician Jeffrey H. Anderson looks closely at Randomised Control Trials (RCT’s) that have tested whether mask wearing in fact reduces virus transmission. Why that sort of trial?

A randomized controlled trial divides participants into different groups on a randomized basis. At least one group receives an “intervention,” or treatment, that is generally tested against a control group not receiving the intervention. The twofold strength of an RCT is that it allows researchers to isolate one variable—to test whether a given intervention causes an intended effect—while at the same time making it very hard for researchers to produce their own preferred outcomes.

This is true at least so long as an RCT’s findings are based on “intention-to-treat” analysis, whereby all participants are kept in the treatment group to which they were originally assigned and none are excluded from the analysis, regardless of whether they actually received the intended treatment. Eric McCoy, an M.D. at the University of California, Irvine, explains that intention-to-treat analysis avoids bias and “preserves the benefits of randomization, which cannot be assumed when using other methods of analysis.”

His bottom line:

In sum, of the 14 RCTs [randomized controlled trials] that have tested the effectiveness of masks in preventing the transmission of respiratory viruses:

  • Three suggest, but do not provide any statistically significant evidence in intention-to-treat analysis, that masks might be useful.
  • The other eleven suggest that masks are either useless – whether compared with no masks or because they appear not to add to good hand hygiene alone – or actually counterproductive.

Of the three studies that provided statistically significant evidence in intention-to-treat analysis that was not contradicted within the same study, one found that the combination of surgical masks and hand hygiene was less effective than hand hygiene alone, one found that the combination of surgical masks and hand hygiene was less effective than nothing, and one found that cloth masks were less effective than surgical masks.

In addition, in all but one of these studies, the masked participants wore surgical masks, not the cloth masks that are ubiquitous today.

It turns out that the font of science, the Center for Disease Control (CDC) has largely ignored evidence from randomised trials. Instead they’ve touted observational studies, which lack controls, have difficulty filtering out confounding variables and generally…

… are not only of lower quality than RCTs but also are more likely to be politicised, as they can inject the researcher’s judgment more prominently into the inquiry and lend themselves, far more than RCTs, to finding what one wants to find.

It’s striking how much the CDC, in marshalling evidence to justify its revised mask guidance, studiously avoids mentioning randomized controlled trials. RCTs are uniformly regarded as the gold standard in medical research, yet the CDC basically ignores them apart from disparaging certain ones that particularly contradict the agency’s position.

In a “Science Brief” highlighting studies that “demonstrate that mask wearing reduces new infections” and serving as the main public justification for its mask guidance, the CDC provides a helpful matrix of 15 studies – none RCTs. The CDC instead focuses strictly on observational studies completed after Covid-19 began.

With one exception, the studies that Mr. Anderson cites were conducted before the Covid-19 epidemic began. That’s no reason to reject them of course since the coronavirus that causes Covid-19 is not going to be repelled by masks that are ineffective against other viruses. In any case, the only post-Covid study done is consistent with the earlier ones:

The only RCT to test mask-wearing’s specific effectiveness against Covid-19 was a 2020 study by Bundgaard, et al. in Denmark. This large (4,862 participants) RCT divided people between a mask-wearing group (providing “high-quality” three-layer surgical masks) and a control group. It took place at a time (spring 2020) when Denmark was encouraging social distancing but not mask use, and 93 percent of those in the mask group wore the masks at least “predominately as recommended.”

The study found that 1.8 percent of those in the mask group and 2.1 percent of those in the control group became infected with Covid-19 within a month, with this 0.3-point difference not being statistically significant.

Instead we get the following video (to add this previous one), which is not surprising after the last eighteen months of horror stories from the MSM, gleefully jumped on by power mad health bureaucrats and politicians around the world.

Those two terrified people are probably never going to recover. I’d bet they’re double vaccinated as well, and at the first sign of a sniffle they’ll book themselves into an ICU, stat!

Written by Tom Hunter

September 26, 2021 at 6:00 am

The Hunger Masks

“They were careless people, Tom and Daisy—they smashed up things and . . . then retreated back into their money . . . and let other people clean up the mess they had made.”

I don’t know how many of our readers are aware of a famous and very successful series of books and movies from the last decade called The Hunger Games.

They’re SF stories set in a dystopian future where glittering technology exists in a feudal society. In fact that technology enables it. For the purposes of this post the following is a key plotline:

[The Hunger Games] universe is a dystopia set in Panem, a North American country consisting of the wealthy Capitol and 13 districts in varying states of poverty. Every year, children from the first 12 districts are selected via lottery to participate in a compulsory televised battle royale death match called The Hunger Games.

Capitol citizens are extremely wealthy and life moves very slowly until the Games,… Many Capitol residents are extremely shallow, always looking for ways to be noticed. An outrageous sense of style and fashion are very important to the citizens of the Capitol… Capitol citizens are noted to have quite high ranking and integral roles and occupations for Panem as a whole…

You get the picture.

While not quite as gaudy as those characters, the following is a great example of how the same attitudes are rampant among our rulers nowadays, as San Francisco Mayor London Breed, had fun the other day in a San Francisco nightclub. I guess she’s read some of these counter-narrative articles on masks.

What she’s actually doing in that video is announcing the new law that you do not have to wear a mask if:

  1.  You are “having a good time,”
  2. “Feeling the spirit,”
  3. Watching the reunion of a band you like.

BTW, she insists that the reunion of the jazz band, Tony Toni Tone, is the story here, and not her defying her own mask mandate. I especially loved this quote:

“We don’t need the fun police to come in and micromanage and tell us what we should or shouldn’t be doing,” she said during an interview, contending she was drinking at the time and started dancing because she was “feeling the spirit” and “wasn’t thinking about a mask,” according to reports.

The irony in that statement is so fucking thick you could cut it with a knife.

Perhaps SF citizens should keep that in mind if an actual cop (very much not “fun”) or some other asshole hassles them about wearing a mask. Maybe print out her interview answers on a card to show cops that the law has been repealed by the mayor herself.

This is nothing new of course, for in the past year the following has occurred:

California Governor Newsom at a lovely dinner with other unmasked rich people at one of the world’s most expensive restaurants, the French Laundry. The staff are masked of course, per order of the Governor.

Barack Obama’s 60th birthday unmasked bash with his celebrity friends at their home in Martha’s Vineyard. The servants wore masks.

Obama’s Party

Nancy Pelosi’s fundraiser in the expensive vine yards of California. The servants wore masks.

And of course, the Met Ball a few days ago.

These people either don’t believe their own bullshit about masks (and other things) or they’re glorying in applying those rules to little people who can’t fight back, at least not without ending up in jail.

Or perhaps what we Untermenchen should take from all these events is that they’re just deliberately rubbing our noses in this shit. That the whole point is to make it clear who the boss is: that the rules apply to us, not them, and they want us to know it.

We are ruled by terrible, unkind, incompetent, uncaring people. I’m tempted to say that they are evil people, not out of deliberation but shallow callousness.

Written by Tom Hunter

September 21, 2021 at 5:24 pm

The Bitcoin House

Read an interesting article today on the news out of the USA that some 30% of men are not employed in that nation.

What was unusual about the article was that it decided to ignore the usual angle of exploring why this is the case, instead focusing on how all these millions of American men actually live without a job.

One section looked at investments and aside from a doubling in retail stock market investment accounts there was also this:

Now crypto. You can laugh all you want, but the simple fact is that the price of bitcoin is up from $4,861 on March 12, 2000 to $47,763 today, or basically up 10X, (and remember it even hit $64,888.99 this spring).

Hmmmm. That’s an annual increase of 11.49% per year over twenty one years. Not bad.

The other day I checked out what our house is worth and was shocked and appalled to find out how much it’s increased in value in just the last year.

I’ve known for some years now how crazy things have been with NZ housing. I’ve been saying for a decade that this could not go on. Yet it has and although I thought I knew how crazy it has become I was still under-estimating the insanity.

Moreover when I ran the numbers over time I saw that our “investment” in house has increased by 11% per year on average for twenty years.

Written by Tom Hunter

September 19, 2021 at 5:23 pm

“Unforeseen” Consequences

The foremost concern of environmentalists is, of course, the health and well being of the environment.

It’s in their name and all.

So it’s always funny and sad when environmentalists do stuff that blows up in their faces. There are countless examples but in terms of large scale screwups Germany’s decision to shut down its nuclear power stations while also trying to switch the system to wind power is probably the winner. Some €500 million over less than twenty years and all they got was an unreliable network, power prices that have more than tripled, a lot of coal still being burned, plus constantly falling short of their GHG reduction targets. On that last it should be noted that the 2020 Chinese Xi Snot lockdowns and restrictions were a huge help, but that’s not going to be true of 2021 and beyond.

That chart is from 2017 but it’s 2020 forecast of 45 cents per kilowatt hour is not far off where it is right now.

But the latest news from another group of wind farm fanatics, California, is what is really delicious.

As more renewable power has crowded the state’s power grid with traditional power sources switched off, the grid has become more unstable and also unable to meet electrical demand even when its up and running. This has resulted in increasingly frequent summertime calls for people to lay off using power in the crucial 4-9pm slot.

Faced with this, companies and even individuals have begun to turn to, of all things, diesel generators. In fact the state itself has 2,773 stationary and mobile generators in its inventory. Now you would think that the uncompromising Eco-Stasi authorities would crack down on that quick smart. But of course they know if they forced people into that corner even the Liberal Luvvies would revolt. So instead, they’re allowing this to expand and continue. In fact, they’re even helping all this fossil fuel burning along, California wants air pollution rules suspended:

The state’s main grid operator wants the U.S. Department of Energy to suspend air-pollution rules for some natural gas-burning power plants in case their output is needed “to meet demand in the face of extremely challenging conditions including extreme heat waves, multiple fires, high winds, and various grid issues,” according to a filing. The last time California received a waiver of such length and breadth was 21 years ago during the Western Energy Crisis.

Genius. And here you were thinking that the following was just a joke.

Written by Tom Hunter

September 16, 2021 at 6:00 am

Masquerade

There’s so much bullshit that has attended the great Chinese Xi Snot pandemic that it’s sometimes hard to know where to start.

The lockdowns. The 2 metre seperation rule. The testing. The treatments. The vaccines.

The masks.

There has been as much to and fro on this subject as the others, starting with the Ultimate Political Medical Bureaucrat, Dr Fauci, endlessly flip-flopping. Talk about misinformation.

Then there was this from Michael Osterholm, Director of Minnesota University’s Center for Infectious Disease Research and Policy: 

But this has been known for over a year. Back to Dr Fauci, this time in an email in February 2020

“The typical mask you buy in the drug store is not really effective in keeping out virus, which is small enough to pass through the material. It might, however, provide some slight benefit in keep out gross droplets if someone coughs or sneezes on you. I do not recommend you wear a mask”

The CDC had the same information, although it took an accidental admission to reveal the truth:

There have been more detailed studies done on masks during this pandemic and this link has a very comprehensive list of twelve studies, with links to the resulting medical papers. We’re not talking nutcase sources either. Here’s just four of them:

  1. A May 2020 meta-study on pandemic influenza published by the US CDC found that face masks had no effect, neither as personal protective equipment nor as a source control. (Source)
  2. Danish randomized controlled trial with 6000 participants, published in the Annals of Internal Medicine in November 2020, found no statistically significant effect of high-quality medical face masks against SARS-CoV-2 infection in a community setting. (Source)
  3. A large randomized controlled trial with close to 8000 participants, published in October 2020 in PLOS One, found that face masks “did not seem to be effective against laboratory-confirmed viral respiratory infections nor against clinical respiratory infection.” (Source)
  4. A February 2021 review by the European CDC found no high-quality evidence in favor of face masks and recommended their use only based on the ‘precautionary principle’. (Source)

It also linked to nine studies that claim that masks can sometimes be effective, but all of the studies had flaws:

  1. meta-study in the journal Lancet, commissioned by the WHOclaimed that masks “could” lead to a reduction in the risk of infection, but the studies considered mainly N95 respirators in a hospital setting, not cloth masks in a community setting, the strength of the evidence was reported as “low”, and experts found numerous flaws in the study. Professor Peter Jueni, epidemiologist at the University of Toronto, called the WHO study “essentially useless”.
  2. A study in the journal PNAS claimed that masks had led to a decrease in infections in three global hotspots (including New York City), but the study did not take into account the natural decrease in infections and other simultaneous measures. The study was so flawed that over 40 scientists recommended that the study be withdrawn.

The N95 mask probably can work, but the cloth masks you see everyday on people’s faces are just a joke. It should not be a surprise given that CDC announcement on smoke particles. The initial thinking was that the virus spread via droplets expelled by sneezing and coughing sufferers of Covid-19, but since then it’s been demonstrated that the virus can move through the air in very small drops or even on its own.

As a result the following charts should not be a surprise either:

This, finally, is where this insanity ends. In an act of lawful evil.

Hey! I thought that knee stuff went out the window after George Floyd? Still an approved technique in the NZ Police obviously.

In any case had the NZ guy died though it wouldn’t have mattered. Victims of police brutality are either politically approved or politically unapproved, and the NZ guy falls into the former category.

Could be worse. That guy was arrested and handcuffed because he refused to wear a mask indoors. Over in News South Wales a father got arrested and handcuffed for not wearing one outdoors while walking with his daughter. I wonder how much confidence she’ll have in the cops for the rest of her life.

All for a masquerade.

Written by Tom Hunter

September 9, 2021 at 6:00 am

According to Medical Experts, these people are not insane.

You see, the screen capture here is that of a joke. Some fun being made of people driven insane with fear by the Chinese Lung Rot virus.

Unfortunately once you’ve finished chuckling at that, or perhaps a Babylon Bee satire on such things, you then have to face the dreadful reality that there are such people.

And they walk among us – not spreading the Xi Snot virus of course, but something much worse.

Insanity

Perhaps this is the grim, forseeable future that Mr Baker warned about the other day?

Written by Tom Hunter

September 8, 2021 at 2:26 pm