30 Matching Annotations
  1. Dec 2025
    1. How the Hieroglyphics were decodified?

      • Europeans were missing a key piece of the puzzle and had been for 2 000 years. They had been trying to figure out how to read hieroglyphics for centuries but the only instructions on how to do so came from ancient Greek and Roman writers who insisted that they were ideographies using pictures to indicate concepts. While that was true sometimes they could also be phonetic indicating sounds the same way as alphabetic languages do. This misunderstanding was inherited all the way to the 1800s.
      • Medieval Muslim researchers tried to crack the code and failed though two did discover that some of the code lined up with Coptic, a descendant of ancient Egyptian. Later when Renaissance alchemists attempted to read the texts hoping to learn ancient spells, healing practices and other wonders, they had even less luck.
      • It wasn't in until 1814 that an English polymath named Thomas Young made the first real progress. Young, a medical doctor, scientist and linguist at first just busied himself with translating the Demonic section of the Rosetta Stone. However, after a conversation with another researcher (who suggested that the ptolemies being Greek might have written their names phonetically in hieroglyphics) he decided to jump sections. He reasoned that finding the Royal name should be easy enough since it had been suggested that they were always in a circle that we now know as a Cartouche and sure enough he found the name Ptolemy. Upon further study, Young found 80 similarities between the hieroglyphic section of the stone and the Demonic one.
      • Young's work stalled as he incorrectly assumed that hieroglyphics were logographic symbols with each symbol representing a word (like Chinese or Japanese) and that only the Greek names would have phonetic equivalents.

      In comes Jean Francois Champollion!

      • Champollion had been attempting to translate hieroglyphics from his knowlege of Copic and Demotic believing that they were in fact phonetic. However, being in France he had to work off print copies of the stone and probably never got to see the actual Rosetta Stone.
      • champollion used his earlier work on demonic and knowledge of Coptic to reconstruct theoretical cartouches of common Egyptian royal names> His hope was that these cartouches, should he find them in inscriptions, would gradually unlock more hieroglyphic characters. This he did while also feuding with rivals and periodically going into exile for his continued support of Napoleon.
      • Then when Banks (see below about Banks) sent him a print of the inscriptions on his Obelisk champollion stopped dead. There on the side was his reconstruction of Cleopatra! He went into a feverish blitz of work and began to realize that Egyptian hieroglyphics were a mix of ideographic and phonetic characters.
      • It was i 1822 when it all clicked. He read the name Thutmose from an imported inscription, then checked it against the Rosetta Stone. He then bolted from his desk ran down the street to his brother's house and supposedly screamed "I've got it" before collapsing in a dramatic faint.
      • In1829 he fulfilled his lifelong dream of traveling to Egypt. Once there, he found a vanished world beginning to speak to him. Using his dictionary and grammar system, he read the words of Gods and Priests off the temple walls. He uncovered Kings whose names had not been spoken in a millennia and in the Papyrus Scrolls preserved in the Arid deserts of Upper Egypt he found the words of the common people even though he'd never laid eyes on it.

      About Banks mentioned above

      John Banks was touring Egypt when he fell in love with a 22 foot tall six-ton Obelisk and decided that it would look great in front of his yard as it also had inscriptions in hieroglyphics and Greek. He hoped it would be a second Rosetta Stone. So he did what anyone would do: hired an Italian circus strongman to coordinate hauling it back to his estate in England.

  2. Sep 2025
  3. Apr 2025
  4. Feb 2025
    1. In den Reden der Vertreter:innen von Zentralbanken spielt die Klimakrise seit 2015 eine wichtige Rolle; in etwa einem Drittel der Reden wird sie erwähnt. Drei Wissenschaftlerinnen haben diese Diskurse systematisch untersucht und modelliert. Ob und wie die Klimakrise zum Thema wird, hängt vor allem von den institutionellen Aufgaben der Zentralbanken ab.

      Wirkungen haben diese Reden immer nur kurzfristig dadurch, dass sie die Kurse von „grünen“ Unternehmen steigen lassen.

      https://theconversation.com/quand-les-banques-centrales-semparent-de-la-question-du-climat-249076

      Working Paper: https://www.lse.ac.uk/granthaminstitute/publication/warning-words-in-a-warming-world-central-bank-communication-and-climate-change/

  5. Oct 2024
    1. 1:06:53 The true constraints are the resources that are available (and if those resources will co-create together for the good of the WHOLE).

  6. May 2024
    1. Seit dem Pariser Abkommen finanzierten die 60 größten Banken 425 fossile Großprojekte - sogenannte carbon bombs mit einem zu erwartenden CO2-Ausstoß von jeweils über einer Gigatonne - mit insgesamt 1,8 Billionen Dollar. Der Standard-Artikel geht auf ein Projekt zurück, bei dem Daten des Carbon Bombs-Projekts, des Global Energy Monitor und von Banking on Climate Chaos ausgewertet und visualisiert werden. https://www.derstandard.at/story/3000000193065/billionenkredite-fuer-fossile-grossprojekte-wie-banken-die-klimakrise-mitfinanzieren

      Bericht/Visualisierung: https://www.carbonbombs.org/

  7. Dec 2023
  8. Jul 2023
    1. Vor der Pariser Konferenz zur Klimafinanzierung, bei der vor allem die sogenannte Bridgetown Agenda diskutiert werden soll, begründet Avinash Persaud, ein Berater der Premierministerin von Barbados, die Forderungen nach radikaler Veränderung und Aufstockung der Klimafinanzierung. Die Summen, die der globale Süden für klimaanpassung und Klimaschutz erhält, müssen potenziert werden, damit diese Länder der Klimakatastrophe wirksam begegnen können. Nicholas Stern und Vera Songwe beziffern den jährlichen klimafinanzbedarf des globalen Südens auf Billionen Dollar, etwa die Summe, die zurzeit für fossile Energien ausgegeben wird. https://www.theguardian.com/environment/2023/jun/18/countries-are-drowning-climate-expert-calls-for-urgent-rethink-on-scale-of-aid-for-developing-worldexpert:

  9. Jan 2023
    1. as long as you leave banking and credit in   private hands you're going to have banks trading  their product debt and the more debt they create   the more debt service that the borrowers the 99  have to pay the banks in order to obtain a house   00:22:54 or an education or medical care or just to break  even and the more money they pay to the financial   sector the less they have to pay for goods and  services so as the economy polarizes between the 1   and the 99 the economy as a whole shrinks because  more and more of its income is spent not on   production uh and consumption it's spent just on  bit service

      !- Michael Hudson : private banks maximizing debt is the goal - creating lots of loans to create lots of debt is the best way for the private banks to make money - it means the 99% spend all their efforts servicing the debt

  10. Oct 2022
  11. Jul 2022
    1. China's debt-laden local governments are also facing grim prospects. Declining income from land sales because of the crisis in the real estate sector and falling tax receipts are expected to cause a 6 trillion yuan shortfall, roughly $900 billion, in local government revenues this year. Local government financing vehicles that have borrowed heavily from banks or issued bonds will have great difficulties servicing their debt.
    2. Large banks in China are in trouble as well. They have lent tens of billions to poor countries as part of China's ambitious Belt and Road Initiative. A significant portion of their credit portfolio is likely to become nonperforming as their borrowers are unable to service the debt due to the global economic downturn.
    1. The prime example of this is the Sri Lankan port of Hambantota. As the story goes, Beijing pushed Sri Lanka into borrowing money from Chinese banks to pay for the project, which had no prospect of commercial success. Onerous terms and feeble revenues eventually pushed Sri Lanka into default, at which point Beijing demanded the port as collateral, forcing the Sri Lankan government to surrender control to a Chinese firm.
    2. China’s march outward, like its domestic development, is probing and experimental, a learning process marked by frequent adjustment. After the construction of the port in Hambantota, for example, Chinese firms and banks learned that strongmen fall and that they’d better have strategies for dealing with political risk. They’re now developing these strategies, getting better at discerning business opportunities and withdrawing where they know they can’t win.
    1. After nearly one million Chinese people were unable to access their bank deposits in central China’s Henan province earlier this year, residents in east China’s Shanghai, south China’s Shenzhen, north China’s Dandong, and central-east China’s Jiujiang reported the difficulties they faced when trying to withdraw cash from their bank accounts. Some banks only serve a limited number of customers per day, some banks limit each client’s withdrawal to no more than 1,000 yuan and others have closed their branches. Even the ATM machines are empty. Bank runs have been happening in the world’s second-largest economy for over a week, which is unusual in China because most of the banks are state-run. “The reason why the bank run issue hasn’t been solved is that China’s economic system is in crisis and the Chinese regime doesn’t have the ability to solve it,” Wang He, U.S.-based China affairs commentator, told The Epoch Times. Zheng Yongnian, one of the economic advisors to Chinese president Xi Jinping, published an essay on June 1, in which he pointed out that China’s economy is facing critical challenges, including over half of the foreign investments, have left China, and China’s private businesses are struggling for survival due to a supply chain crisis and lack of cash. Zheng’s essay was removed from China’s internet soon after it was published.
    1. The protest involved more than 100 delayed projects as of July 13, up from 58 projects just one day earlier. The frustrated buyers accuse the developers of misusing sales proceeds and the banks of failing to safeguard their loans.
    1. As far back as the spring of 2007, U.S. banks began to underperform financial institutions in Asia. By now, everyone knows most of the subprime mortgage credit risk was inside the USA with domestic banks more exposed than other banks around the world. Notice above, Goldman Sachs (green above) 5 year CDS (the cost of default protection on the bank), began to meaningfully divergence from Standard Chartered. Standard Chartered PLC is an international banking group operating principally in Asia, Africa, and the Middle East. The company has far more credit risk exposure to China – Asia than U.S. banks. It is clear above, more than 12 months prior to Lehman´s failure, banks in the USA were dramatically underperforming from a credit risk perspective. In other words, in 2007 – the cost of purchasing credit default protection on Goldman Sachs was far more expensive than the bank´s Asian peers. Indeed, elephants leave footprints – when large hedge funds see credit risk – they start placing bets months if NOT years before a credit event. The credit market sniffed out Lehman´s demise months BEFORE equity investors got the joke.
    2. Fast forward to 2021, Evergrande headlines are all the media rage, especially with the Lehman, the lucky 13th anniversary this week. But, what are credit markets telling us this time? As you can see above – far right. Credit risk is calm on Asia banks with exposure to China, no difference to speak of. Central bank liquidity is so abundant, there is NO way Lehman would have failed today.
  12. Jun 2022
  13. Apr 2022
  14. Jan 2022
    1. Are banks that untrustworthy?

      There is a conflict of interests. Take an inflation for example. You are not in control of it, yet you carry the burden of it (the buying power of your money diminishes). You don't want it. Banks profiting from it (they usually the first to spend newly printed fiat money)

  15. Jan 2020
  16. Apr 2019
  17. Nov 2017
  18. Apr 2016
    1. Sanders: What I foresee is a stronger national economy. And, in fact, a stronger economy in New York State, as well. What I foresee is a financial system which actually makes affordable loans to small and medium-size businesses. Does not live as an island onto themselves concerned about their own profits. And, in fact, creating incredibly complicated financial tools, which have led us into the worst economic recession in the modern history of the United States.

      How does the economy get stronger if more people lose their jobs after this breakup? Has he studied the Bell/Baby Bells divestiture?