(no subject)

Here's what we are being distracted from
https://www.linkedin.com/pulse/paradigm-shifts-ray-dalio

The enormous amounts of money in no- and low-returning investments won’t be nearly enough to fund the liabilities, even though the pile looks like a lot. That is because they don’t provide adequate income. In fact, most of them won’t provide any income, so they are worthless for that purpose. They just provide a “safe” place to store principal. As a result, to finance their expenditures, owners of them will have to sell off principal, which will diminish the amount of principal that they have left, so that they a) will need progressively higher and higher returns on the dwindling amounts (which they have no prospect of getting) or b) they will have to accelerate their eating away at principal until the money runs out.

That will happen at the same time that there will be greater internal conflicts (mostly between socialists and capitalists) about how to divide the pie and greater external conflicts (mostly between countries about how to divide both the global economic pie and global influence). In such a world, storing one’s money in cash and bonds will no longer be safe.

Секретные знания

Откуда советские люди знают про расизм, которого в СССР не было и быть не могло:

http://bse.sci-lib.com/article095507.html

В теории языка Витгенштейна сегодняшние обсуждения в русскоязычном сообществе вопроса "расист ли Трамп?" можно было бы считать experimentum crucis.

"Great negotiator"

Mr. Trump and senior administration officials have said publicly that China agreed to purchase large amounts of American agricultural products in the near future, a move that would partly compensate for China’s retaliatory tariffs on U.S. farm goods.

The Chinese side hasn’t confirmed any such commitment.

https://www.wsj.com/articles/u-s-china-talks-stuck-in-rut-over-huawei-11563393280

Japan First!

In what Seoul views as economic retaliation over a previous dispute over wartime forced labour, Tokyo from July 4 started imposing export restrictions on three chemicals crucial to South Korea's booming semiconductor industry - fluorine polyimide, resists and etching gas.

Japan, which controls up to 90 per cent of the global supply of these materials, cited a breach of trust and national security concerns for the measures.

https://www.straitstimes.com/asia/east-asia/south-korea-japan-trade-spat-us-will-do-what-it-can-to-help-but-hopes-both-sides-can

Trade wars are becoming contagious. Few nations hate each other more than Japan and Korea. Once, I was in a high-rank business meeting between the two sides and this hatred was palpable in every word they said and every look they took.

Красавица

(no subject)

Category theory even in its basic notions is an absolute marvel.