Crypto monies vs A general surrender of sovereignty

Bitcoin and other crypto monies enable smuggling resources out from a country, which is illegal everywhere. Most of all, the USA is fanatically cracking down on foreign accounts and virtual money sanctuaries like Seychelles, Panama, etc. The old Swiss banks surrendered years ago. America is firmly decided to follow money transfers all over the planet and collect all the taxes it deems its right. America, the country of the free, the colony that rebelled against the British crown's tax collectors. Now, please ask me if tax-crazy America will allow free and anonymous flow of resources, letting those saucy taxable goodies escape between its grabbing fingers? 

No way!

I bet they are sitting in secrete conclaves pondering the most effective method to control and tax the crypto flow. They will never surrender their monetary sovereignty. Anarchist initiatives like the crypto coin will be corralled and made to pay. Do you people out there in the blogosphere know which crime is the most severely punished? No, it is not fucking some Hollywood actress/prostitute. May be calling a Negro, Negro? Wrong again. It is printing counterfeit dollars. Bitcoins.

P.S.: I am not saying that crypto coin is fake money, I am saying that once it is taxed it will be no better than a bank transfer. Much worse, in fact, because the bank or the Western Union is insured.

America wasting millions of little Einsteins

A week ago, the whole blogosphere that I visit was laughing and mocking the New York Times article about the millions of potential little Einsteins the country was wasting. What the NYT writes, the HaAretz (our local Palestinian fishwrap, in high Hebrew) writes and twice magnified. The article at the left is titled "The Lost Einsteins of America". It is not only pure nonsense but also irrelevant for our little country that has no significant population of Asians, Hispanos, African Americans - nor White non-Jewish Americans.

Why they do this? First, it must be because it is cheap page filler, it comes ready made from the mouth of the Master.  Second, because the article is strongly subversive as it implies that the Government is purposefully destroying the minds of those millions of little Einsteins, that is, the Government is the enemy. This message is avidly absorbed by the local subversives and it re-enforces their gut feeling that the Government of Israel, specifically Bibi Netaniyahu, is evil. The article, laughable and irrelevant as it is, is a political propaganda weapon.

P.S.:  Give me a reason why the Israeli intelligentsia is so worried about the minds of millions of little American Black, Hispano, etc. einsteins going to waste?   The late Ayatollah Khomeini said that America is the Big Satan while Israel is the Small Satan sitting in its brain. He was wrong, Israel has no mind of its own, it is America that sits in its brain. America is so pervasive in the minds of HaAretz writers that they imagine they are the Big Satan and not the miserable small satans they are. They feel nothing of their own buy deeply mourn the tragedy of millions of little African einsteins that never existed nor will.

Symmetric people

I think Ancient Greeks, as seen through their representations in stone and bronze sculpture (other materials didn't survive), were more beautiful and symmetric than the people I meet on the street.

Fluctuating asymmetry is of course a measure of health and intelligence, so humanity is less perfect today that then. The Woodley Effect, as measured by fluctuating asymmetry, shows over 160 years (6.4 generations) 0.16 IQ points drop/decade.

Pic.: Zeus

Synecdoche

Meditate on Shelley's synecdoche in his poem Ozymandias:

“Tell that its sculptor well those passions read
Which yet survive, stamped on these lifeless things,
The hand that mocked them.”

“The hand” in the above lines refers to the sculptor who carved the “lifeless things” into a statue.

“Mocked” in Shelley’s context means, “made, fashioned” rather than “derided.” The sense of the word originates in the German “machen (gemacht)” and survives in engineering usage today in terms like “mock-up” for a crude prototype.

Or "The hand" refers to Ozymandias?

The Other Cryptos

New ways of encrypting information are emerging. The IOTA is one of them. It is based on sensor generated information (internet of things). It is an European startup, for a change. The message of IOTA seems to be that no information is worthless.

Emergency phone line for depressed Palestinians

Trump declaration that Jerusalem is Jewish caused widespread depression in the Arab world. We should establish an emergency phone line for Palestinians with suicide thoughts. Why waste good ammunition on them?  Alternatively, we could buy ads on Ramallah Times: "How to connect correctly the wires of a suicide vest". Pic.: Wired.

Beta Decay

We are approaching the end of the tax year and I rebalanced my portfolio. My goal is to balance my losses with my gains, in order to cover my tax debts on the winning shares with the tax credits of the losing shares. Since tax here is 25%, the relation has to be one to four.

Since this year I had few losses, now I am thinking that the whole exercise was useless. It had been better to pay full tax and not to try to rebalance. Why? The first issue is beta slippage. 

The  second issue is the high cost of selling and buying stock through the bank.  Several times in the past I demanded and received a reduction of the percentage taken by the bank, yet it seems to silently return to its former shark bite share. The Poalim bank is the most expensive, and of course, also the most profitable bank in this country. I cannot change banks because of my managing partner, Giveret j. (aka wife).

On the other hand, it is important to meet the banker at least twice a year, because his job in the bank depends on the work he does, that is giving advice to the clients of the bank. It is good that he profits from my relationship, so he may be inclined to help me when I need him.