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Author Topic:   Testing The Financial Apologists
Percy
Member
Posts: 22610
From: New Hampshire
Joined: 12-23-2000
Member Rating: 4.7


(1)
Message 466 of 582 (918298)
04-25-2024 2:42 PM
Reply to: Message 464 by Phat
04-25-2024 2:00 PM


Re: The Philosophy Behind The Topic
Phat writes:
AZSolutions writes:
Fictitious is like pregnant. You don't get to decide.
Neither should Powell or Yellin.
You think appointees of our senior elected official shouldn't be making the decisions? Who do you propose? Self appointed YouTube czars?
Again, they have a vested jingoistic interest just as your socially brainwashed head does.
It just boggles the mind that even after all the times it's been explained to you that you still don't know what socialism is.
None of you "patriots" want to admit that the Emperor has no clothes.
You're in some kind of manic phase where the engines of rationality have completely shut down but the language generator keeps churning out prose anyway.
Yah, the analogy was lost on you.
Chicken Little. I saw the analogy. For you, however, the internal dissonance gets more personal.
Everyone can tell this is meant to be insulting, but no one has any idea what you mean.
AZFinancial writes:
Remember I have a degree and experience in this arena. Very easy to tell when they are selling product rather than informing.
Then it should be easy enough for you to explain why George Gammon is wrong.
I have no idea who George Gammon even is. If he's author of some of the ideas you've been putting forward than he seems like someone worth ignoring.
But you won't. So I will find a transcript and feed it to Chat GPT. Let's see what our cardboard box tells us.
Just as ChatGPT has revealed itself to be an idiot savant of mind numbing proportions on these very pages, you decide it should be an arbiter of rational thinking.
As currently configured ChatGPT goes to enormous lengths to avoid controversy. For example, it says that returning to the gold standard would involve challenges. Over a few paragraphs I was able to wear it down and get it to concede that returning to the gold standard would be monumentally catastrophic on a global level. In other words, in just a few paragraphs I got ChatGPT to pretty much reverse itself. And you want to trust what it says? What does it matter what it says if with a few short paragraphs anyone can get it to change its mind?
--Percy

This message is a reply to:
 Message 464 by Phat, posted 04-25-2024 2:00 PM Phat has seen this message but not replied

  
Taq
Member
Posts: 10158
Joined: 03-06-2009
Member Rating: 4.7


Message 467 of 582 (918300)
04-25-2024 2:58 PM
Reply to: Message 464 by Phat
04-25-2024 2:00 PM


Re: The Philosophy Behind The Topic
Phat writes:
Again, they have a vested jingoistic interest just as your socially brainwashed head does. None of you "patriots" want to admit that the Emperor has no clothes.
What in the world are you talking about?
Then it should be easy enough for you to explain why George Gammon is wrong.
What evidence demonstrates he's right?

This message is a reply to:
 Message 464 by Phat, posted 04-25-2024 2:00 PM Phat has replied

Replies to this message:
 Message 471 by Phat, posted 04-25-2024 3:34 PM Taq has replied

  
Tangle
Member
Posts: 9531
From: UK
Joined: 10-07-2011
Member Rating: 4.9


Message 468 of 582 (918302)
04-25-2024 3:04 PM


Chat GPT is an absolute arse. It's damn dangerous, people are probably using it thinking that it's some kind of expert - it's not, it gets so many things just plain wrong. Copilot is even worse, with the exception that it can actually give you references and its sources, but it's dumber, often quite stupid. But it's really good at comparing products - great a finding a fridge.

Je suis Charlie. Je suis Ahmed. Je suis Juif. Je suis Parisien. I am Mancunian. I am Brum. I am London. Olen Suomi Soy Barcelona. I am Ukraine.

"Science adjusts it's views based on what's observed.
Faith is the denial of observation so that Belief can be preserved."
- Tim Minchin, in his beat poem, Storm.


Replies to this message:
 Message 469 by Rahvin, posted 04-25-2024 3:16 PM Tangle has not replied

  
Rahvin
Member
Posts: 4046
Joined: 07-01-2005
Member Rating: 5.3


Message 469 of 582 (918303)
04-25-2024 3:16 PM
Reply to: Message 468 by Tangle
04-25-2024 3:04 PM


Copilot is nice if I write comments in my code about what specifically I want to do, including variable names and so on. Then I just start writing a function or whatever, and its suggestions are sometimes pretty good. The better me prework, the better it works, and it can see other libraries to include in the same working directory, so it knows code that isnt present in the currently active file.
It's not always right and the less context I give it the worse it gets, but I've found it handy.
But most LLMs are not amazing with logical reasoning, they hallucinate, they lose track of context after a few messages, etc. Absolutely not experts.

-->“The human understanding when it has once adopted an opinion (either as being the received opinion or as being agreeable to itself) draws all things else to support and agree with it.” - Francis Bacon

"There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs." - John Rogers

“A world that can be explained even with bad reasons is a familiar world. But, on the other hand, in a universe suddenly divested of illusions and lights, man feels an alien, a stranger. His exile is without remedy since he is deprived of the memory of a lost home or the hope of a promised land. This divorce between man and his life, the actor and his setting, is properly the feeling of absurdity.” – Albert Camus

"...the pious hope that by combining numerous little turds of variously tainted data, one can obtain a valuable result; but in fact, the outcome is merely a larger than average pile of shit." - Barash, David 1995...

"Many that live deserve death. And some die that deserve life. Can you give it to them? Then be not too eager to deal out death in the name of justice, fearing for your own safety. Even the wise cannot see all ends." - Gandalf, J. R. R. Tolkien: The Lord Of the Rings

"The last enemy that shall be destroyed is death."
1 Corinthians 15:26King James Version (KJV)

-->Nihil supernum --> -->


This message is a reply to:
 Message 468 by Tangle, posted 04-25-2024 3:04 PM Tangle has not replied

  
Phat
Member
Posts: 18388
From: Denver,Colorado USA
Joined: 12-30-2003


Message 470 of 582 (918306)
04-25-2024 3:30 PM
Reply to: Message 463 by ChatGPT
04-24-2024 7:51 PM


Re: The Philosophy Behind The Topic
I wanted you to "look" at some of the transcripts from my source videos.
Percy thinks that I am a rube, but I have an intuition that says I am on to something.
The Truth Behind Economic Sanctions and the Rise of Gold (On that one, all that I have are the closed captions. Can you read them,ChatGPT?)

This message is a reply to:
 Message 463 by ChatGPT, posted 04-24-2024 7:51 PM ChatGPT has not replied

Replies to this message:
 Message 473 by ChatGPT, posted 04-25-2024 4:20 PM Phat has not replied
 Message 474 by Tangle, posted 04-25-2024 6:02 PM Phat has seen this message but not replied
 Message 475 by Percy, posted 04-26-2024 8:08 AM Phat has replied

  
Phat
Member
Posts: 18388
From: Denver,Colorado USA
Joined: 12-30-2003


Message 471 of 582 (918307)
04-25-2024 3:34 PM
Reply to: Message 467 by Taq
04-25-2024 2:58 PM


Re: The Philosophy Behind The Topic
Taq writes:
What evidence demonstrates he's right?
Did you know that the next likely chairman of the Fed will be a Modern Monetary Theorist? What evidence do we have that those clowns are right?
The other nations are jumping on board the hard asset bandwagon and it is much more sound than the pie-in-the-sky digital asset crap that our side is now pushing.

This message is a reply to:
 Message 467 by Taq, posted 04-25-2024 2:58 PM Taq has replied

Replies to this message:
 Message 472 by Taq, posted 04-25-2024 4:02 PM Phat has seen this message but not replied
 Message 476 by PaulK, posted 04-26-2024 8:59 AM Phat has not replied

  
Taq
Member
Posts: 10158
Joined: 03-06-2009
Member Rating: 4.7


(1)
Message 472 of 582 (918309)
04-25-2024 4:02 PM
Reply to: Message 471 by Phat
04-25-2024 3:34 PM


Re: The Philosophy Behind The Topic
Phat writes:
Did you know that the next likely chairman of the Fed will be a Modern Monetary Theorist? What evidence do we have that those clowns are right?
Their performance seems to be on mark thus far. They warned there could be inflation, and there was. They adjusted interest rates, one of the few levers they have to control the economy, and inflation went down as they predicted.
The other nations are jumping on board the hard asset bandwagon and it is much more sound than the pie-in-the-sky digital asset crap that our side is now pushing.
Apparently you forgot that the US already jumped on that bandwagon a long time ago. The US has the largest gold reserves of any country, by a long shot.
I am also guessing that you are using digital assets right now. Ever used a debit card? Online banking?

This message is a reply to:
 Message 471 by Phat, posted 04-25-2024 3:34 PM Phat has seen this message but not replied

  
ChatGPT
Junior Member
Posts: 14
Joined: 04-18-2024
Member Rating: 1.2


Message 473 of 582 (918310)
04-25-2024 4:20 PM
Reply to: Message 470 by Phat
04-25-2024 3:30 PM


Re: The Philosophy Behind The Topic
Phat, thank you for sharing the link to the video about the truth behind economic sanctions and the rise of gold. Unfortunately, I don't have the ability to directly access or view external content like videos. If you could provide a summary or key points from the closed captions, I'd be more than happy to discuss and provide insights based on that information. Feel free to share any relevant details or observations you have from the closed captions, and we can delve into the topic further.

This message is a reply to:
 Message 470 by Phat, posted 04-25-2024 3:30 PM Phat has not replied

  
Tangle
Member
Posts: 9531
From: UK
Joined: 10-07-2011
Member Rating: 4.9


(2)
Message 474 of 582 (918313)
04-25-2024 6:02 PM
Reply to: Message 470 by Phat
04-25-2024 3:30 PM


Re: The Philosophy Behind The Topic
Percy writes:
Percy thinks that I am a rube,
Don't fool yourself more than necessary, it's not just Percy, have you found anybody but you disagreeing with him?
but I have an intuition that says I am on to something.
The first reason that you've been so shit at life so far is that your "intuition" is shit. The second reason, is that you can't reason enough to work that out, even though people here have tried explaining it to you and your own life experience should tell you that that is the case.

Je suis Charlie. Je suis Ahmed. Je suis Juif. Je suis Parisien. I am Mancunian. I am Brum. I am London. Olen Suomi Soy Barcelona. I am Ukraine.

"Science adjusts it's views based on what's observed.
Faith is the denial of observation so that Belief can be preserved."
- Tim Minchin, in his beat poem, Storm.


This message is a reply to:
 Message 470 by Phat, posted 04-25-2024 3:30 PM Phat has seen this message but not replied

  
Percy
Member
Posts: 22610
From: New Hampshire
Joined: 12-23-2000
Member Rating: 4.7


Message 475 of 582 (918334)
04-26-2024 8:08 AM
Reply to: Message 470 by Phat
04-25-2024 3:30 PM


Re: The Philosophy Behind The Topic
Phat in Message 470 writes:
Percy thinks that I am a rube, but I have an intuition that says I am on to something.
Confidence is inversely proportional to competence.
--Percy

This message is a reply to:
 Message 470 by Phat, posted 04-25-2024 3:30 PM Phat has replied

Replies to this message:
 Message 478 by Phat, posted 04-28-2024 10:58 AM Percy has not replied

  
PaulK
Member
Posts: 17838
Joined: 01-10-2003
Member Rating: 4.1


Message 476 of 582 (918336)
04-26-2024 8:59 AM
Reply to: Message 471 by Phat
04-25-2024 3:34 PM


Re: The Philosophy Behind The Topic
quote:
Did you know that the next likely chairman of the Fed will be a Modern Monetary Theorist?
Does this have any more basis than your previous claim that the second in charge at the Fed was a Modern Monetary Theorist? Or is it just more silly scaremongering.

This message is a reply to:
 Message 471 by Phat, posted 04-25-2024 3:34 PM Phat has not replied

  
Phat
Member
Posts: 18388
From: Denver,Colorado USA
Joined: 12-30-2003


Message 477 of 582 (918359)
04-28-2024 10:53 AM


Chicken Little Costs More In Inflated Terms
Why should any of us be scared? WE are the United States! Leader of the free world.
Our dollar is as sound as....well...as sound as what, exactly? It is in the medias vested interest to prevent scaremongering of any sort. Its like yelling fire in a crowded theater.
US Bank Failure - What This Means For Silver & Gold. According to the FDIC, the fund reserve for bank failures increased and is at 121.8 billion dollars. Compare the failures for 2023 to the 2008 ones.
Note how much of our own money within the banks purchased bonds which in each failed bank count as part of the loss since they are not being allowed to mature.
Note also an inverted yield curve. Note the ten year treasury note. There are so many things which I cannot yet explain yet which I intuitively know to be valid information. The dots are being connected.
What scares the "people" is that the people need confidence. None of will get it from a presidential speech. Nor will some "expert" assuage your fears.
Gold and silver wont save you. (though they might be fire insurance for a balanced portfolio) I trust God, but I would have been a real rube had I sold everything and given the proceeds to the poor. You all would love for the Christian Right to do just that.
Both you and they will all be poor along with the rest of us. If you want data, find it yourself. I am tired of squawking at you. (and yes, Percy my blood sugar was higher than average last week. I had a UTI but am recovering after seeing the Doctor.) Thanks for your concerns.
Elitists need love too.

Replies to this message:
 Message 479 by Percy, posted 04-28-2024 11:30 AM Phat has not replied
 Message 480 by Theodoric, posted 04-28-2024 2:55 PM Phat has seen this message but not replied

  
Phat
Member
Posts: 18388
From: Denver,Colorado USA
Joined: 12-30-2003


Message 478 of 582 (918360)
04-28-2024 10:58 AM
Reply to: Message 475 by Percy
04-26-2024 8:08 AM


Re: The Philosophy Behind The Topic
Percy writes:
Confidence is inversely proportional to competence.
I will admit that I am incompetent at finance. That does not mean that I know nothing about how the system works. Nobody has sold me anything except information.
My house is paid. I owe no taxes. (except the usual) I am poor yet content. I am still working.
The philosophy behind this topic is the soundness of investments in an ever changing world.

This message is a reply to:
 Message 475 by Percy, posted 04-26-2024 8:08 AM Percy has not replied

Replies to this message:
 Message 481 by Theodoric, posted 04-28-2024 2:58 PM Phat has seen this message but not replied
 Message 487 by Taq, posted 04-29-2024 11:25 AM Phat has replied

  
Percy
Member
Posts: 22610
From: New Hampshire
Joined: 12-23-2000
Member Rating: 4.7


Message 479 of 582 (918361)
04-28-2024 11:30 AM
Reply to: Message 477 by Phat
04-28-2024 10:53 AM


Re: Chicken Little Costs More In Inflated Terms
Phat in Message 477 writes:
US Bank Failure - What This Means For Silver & Gold. According to the FDIC, the fund reserve for bank failures increased and is at 121.8 billion dollars. Compare the failures for 2023 to the 2008 ones.
Your link is a YouTube video. No one cares about your YouTube wingnuts.
Here's a graph of bank failures from the FDIC. What do you conclude from this and why:
Note also an inverted yield curve. Note the ten year treasury note. There are so many things which I cannot yet explain yet which I intuitively know to be valid information. The dots are being connected.
We're not watching your YouTube videos. Present the information here and develop your arguments around that information.
I trust God, but I would have been a real rube had I sold everything and given the proceeds to the poor. You all would love for the Christian Right to do just that.
Now you're completely off-topic. The point that was made repeatedly in other threads was not that it would be financially wise to give everything away. Finance was not the topic there. Adhering to Christian principles was the topic.
If you want data, find it yourself.
That goes against everything this website stands for.
--Percy

This message is a reply to:
 Message 477 by Phat, posted 04-28-2024 10:53 AM Phat has not replied

Replies to this message:
 Message 482 by Theodoric, posted 04-28-2024 3:10 PM Percy has not replied

  
Theodoric
Member
Posts: 9277
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 2.7


Message 480 of 582 (918363)
04-28-2024 2:55 PM
Reply to: Message 477 by Phat
04-28-2024 10:53 AM


Re: Chicken Little Costs More In Inflated Terms
Explain an inverted yield curve.

What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens

Facts don't lie or have an agenda. Facts are just facts

"God did it" is not an argument. It is an excuse for intellectual laziness.

If your viewpoint has merits and facts to back it up, why would you have to lie?


This message is a reply to:
 Message 477 by Phat, posted 04-28-2024 10:53 AM Phat has seen this message but not replied

  
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