Higgenbotham's Dark Age Hovel

[Higgenbotham]

Economics Professor Gary Smith Warns About AI Bubble
https://www.pomona.edu/news/2025/02/20- ... -ai-bubble

It does remind me a bit of the South Sea Bubble. Wal-Mart did sort of deliver on the promise of the South Sea Bubble some centuries later - after it collapsed by something like 98%. The coming collapse will likely be bigger than that one.

https://www.wheresyoured.at/the-case-ag ... rative-ai/

[Higgenbotham]

It does remind me a bit of the South Sea Bubble. Wal-Mart did sort of deliver on the promise of the South Sea Bubble some centuries later - after it collapsed by something like 98%.

This is what is being referred to when mentioning Wal-Mart.

During the South Sea Bubble did the various stock companies promise to import products from all over the world?

AI Overview

During the South Sea Bubble, various stock companies promised to import products from all over the world, even for ventures that were completely bogus. However, most of the schemes and imported goods were secondary to the main event: a massive campaign of public debt consolidation, share manipulation, and propaganda.

The South Sea Company

The South Sea Company, which gave the bubble its name, originally promised to profit from trading with South America. In exchange for taking on a portion of Britain's national debt, the company was granted a monopoly on the slave trade and the ability to send one limited-cargo ship a year to Spanish America. However, the company never generated significant profits from this trade. The real reason for the stock price's rapid inflation was the company's aggressive and misleading campaign to convert government debt into company shares.

Hundreds of "Bubble Companies"

Following the initial surge of the South Sea Company, hundreds of other joint-stock companies were formed to capitalize on the public's speculative fever. These companies offered a wide range of goods and services, and many promised to import various products from around the world. These included:

Importing Swedish iron
Importing walnut trees from Virginia
Importing pitch and tar from North Britain and America
Importing Flanders lace

Deceptive and fake businesses

Many of these new companies were outright frauds with little to no chance of success. Some were designed to be so ridiculous that it's clear the promoters were simply trying to take advantage of the public's mania for speculative investment. One of the most famous of these was "for carrying on an undertaking of great advantage, but nobody to know what it is".

Ultimately, the promises of imported goods from many of these "bubble companies" were never fulfilled and served as little more than a thin veil for fraudulent schemes designed to bilk investors.

AI has its usefulness, as I'm too busy to type all that.

[aedens]

https://www.ebay.com/itm/388997739401?_ ... BMrrm47rhm
Decent reference.

viewtopic.php?p=73448#p73448

thread: l8ter

Your are correct H.
Also the loss of bullion as a ship wreck is not that obsured to some also in the Annuls to regain Polo-tic control
in that direct zone of debaucherys.

[aedens]

Dirt for 100 cookies $5.00 purported increase by $1.50 from previous price basis year.

Alfred Marshall is a pivotal figure in economic theory,
particularly known for his contributions to price determination and consumer behavior.

The goal is to control the ports that is control as they liquidated the coal export bunkers.

Selling new coal leases does not necessarily mean the tracts will be mined, said James Stock,
a Harvard University economist and former member of the White House Council on Economic
Advisers under President Barack Obama.

Simple point is clear they bought resource as they exported it telling you to live like
500 million EU peons on the right and left coast.

China's coal imports hit new high China's black coal imports rose by 13% in 2024 (to 352 million tons),
with brown coal imports up by 17% (to 190.4 million tons).

thread: mudbiscuit

[tim]

https://steelcutter.substack.com/p/imag ... -with-full

Imagine a $45 minimum wage, with full employment, and the same prices as today.

Inflation doesn't just happen, like the weather. We were robbed blind.

Imagine a $45 minimum wage, with full employment, and the same prices as today. Families living on one salary, in single-family homes, with housewives staying home to raise their kids. That was America, before we were robbed blind.

[aedens]

-0.41% friday as warned as a hedged early and dated it from the facts H forwarded also.
No clue as the wasting continues. Your still under the impression they are Democrats.

[Higgenbotham]

From the front lines of the breakdown of Western civilization, r/Teachers covers everything from unprepared 4th graders menstruating to parents already behaving like the zombie apocalypse is here and now.

r/Teachers
•
26 days ago
ProstateSalad
Top 1% Poster

This is the single most terrifying subreddit on this site

I can't understand what is happening at the parent level. I don't know if it's just the parents being overwhelmed with work/finances, social media, the phones themselves, or all of the above, but we are witnessing the intellectual and behavioural destruction of a generation.

I struggle to come up with an answer, except that this is the fault of the parents. When children refuse to work without consequences, they become adults who are not worth hiring.

When children are not held to any standards, they'll be unable to meet any when they're adults.

I see high school teachers listing all the things their students can't do, and most of them are simple tasks any decent parent should be teaching their child.

WTF is wrong with the current crop of parents? Why are they so ineffective? Don't they understand how they're hurting their own children.

r/Teachers
•
26 days ago
Middleage_dad
Top 1% Commenter

Yeah, these parents suck, but there's also a structural issue where the institutions are afraid to actually do anything, either. Maybe school is supposed to be a place where kids get some discipline, but if the school system doesn't think that way, then these kids are in for a surprise when they get into the real world... and I am scared to think of the world they will create in 30-40 years.

https://www.reddit.com/r/Teachers/comme ... reddit_on/

The new menstruation: Girls are getting their periods earlier and less regularly

By Annalisa Merelli
May 29, 2024

Menstruation is a critical indicator of health. Whether and when someone with a uterus gets their period — for the first time, and throughout their life — can reflect not only their reproductive health, but their risk of cardiovascular disease, cancer, miscarriage, and premature death.

That also makes menstruation a useful measure of population health. And digital tools for clinical research are beginning to shed light on just how significantly periods are changing over time.

A study published Wednesday in JAMA Network Open, based on data from more than 71,000 women collected through the Apple Research App, shows that girls in the United States have been getting their first period earlier and earlier over the last 55 years — and it has taken longer for their periods to become regular, pointing to worsening overall reproductive and population health.

https://www.statnews.com/2024/05/29/ear ... st-period/