Dr Keith Walker @SteelFolk@social.cleverlibre.org
Steel industry metallurgical specialist.
Joined Nov 2022
@freemo Did you get a '00' number as well?
@Frances_Coppola I still wonder if it would matter much if someone nicked all the Au in Fort Knox and hid it. Financially, I mean, obvs the usual suspects would get their country bombed in return.
Dr Keith Walker
boosted
Full-reserve banking, or its close relative "narrow banking", wouldn't prevent bank failures. And the economic costs of protecting depositors at the expense of bank lending are very high. My latest CC post, free to read. https://coppolacomment.substack.com/p/why-full-reserve-banking-isnt-a-solution
@Frances_Coppola Is the BoE fully reserved cos it's got lot of gold in it?
Dr Keith Walker
boosted
My latest Coppola Comment post is free to read. Full reserve banking is not a solution to bank failures. Ensuring the safety of depositors at the expense of bank lending comes with very high economic costs.
https://coppolacomment.substack.com/p/why-full-reserve-banking-isnt-a-solution?sd=pf
Dr Keith Walker
boosted
Oh, it looks like the Cabinet Office is actually going through with a legal challenge to the Covid Inquiry.
This is exciting.
Who wins this early contest really matters for the course of the entire Inquiry.
The outcome could be hugely significant.
And, of course, inquiries law should not be exciting, especially regarding public health.
Inquiries law should be dull.
Dr Keith Walker
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@sciencebase Lots of those in my garden where I'm supposed to have plastic grass and plum slate. "It's overgrown with weeds".
@sciencebase The one named by a committee after 6 meetings in Nice.
@sciencebase On what do they nectar, Sire?
Dr Keith Walker
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@jacobschumer It’s kind of amazing that a law firm has *already* been caught filing a brief with fake legal authorities generated by #ChatGPT.
@derekdahlsad@mastodon.sociaI'm not sure how it differs from a tortoise though.
@sciencebase Do you know what purpose its marking has? It is the dog's.
@Frances_Coppola Now that it's warmer, I'm going to be a hippo, but it's still a pachyderm. I'll be fully reserved with fat deposits in case all the food runs out cos of Brexit, but that's alright for a hippo.
@sciencebase Including the little flowers that you always forget the name of. And Wode.
Dr Keith Walker
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Good evening pachyderms. I became exasperated with crypto people telling that Tether was safer than banks because banks are fractionally reserved but Tether is "overcollateralised". So I've written a piece explaining exactly why Tether is fractionally reserved like banks and no safer than banks. Paywalled, I'm afraid, but I hope worth the small subscription!
https://coppolacomment.substack.com/p/tether-is-fractionally-reserved?sd=pf
Dr Keith Walker
boosted
Dr Keith Walker
boosted
Elon Musk is launching the presidential campaign of Ron DeSantis, the man working to make The Handmaid’s Tale a reality in the US.
At least the Germans had guns to their heads if they opposed the Nazis. What exactly is your excuse for continuing to support this man and his social network?
@sciencebase What a list!! I've never seen any of those.
Steel industry metallurgical specialist.
Joined Nov 2022
