Denis de Bernardy

Soil, not oil, is driving the rise in CO2:

[Denis de Bernardy @ddebernardy]

The Big Lie that climate propagandists don't want you to talk about. @wrongspeakpub
https://t.co/2GS4KmaaDf

[Denis de Bernardy @ddebernardy]

@noclimatecon @BenInRushcliffe 35/20 is very nice. You get to cool down in the evening.

[Denis de Bernardy @ddebernardy]

@OzzySkateboard It's not the only way, but it is one of the major ones.

[Ozzy Skateboard @OzzySkateboard]

Your phone is the bottleneck of their police state system, without it you go dark to them. The only way to fight back is ditch smart phones.

[Denis de Bernardy @ddebernardy]

👀

[iang @iang_fc]

iPhones responsible for 33-52% of the decline in birth rate:

The study’s methodology is straightforward, as are its implications for our nation. As succinctly explained by Ms. Winland: “The paper draws on a natural experiment created by Apple’s exclusive deal with AT&T. When the iPhone launched in June 2007, it was available only on AT&T’s network until February 2011, giving researchers a way to compare areas with different levels of early iPhone access.”

While this deal was fortuitous for the researchers, the consequences were disastrous for the nation’s birth rate. According to Myers and Hooper:

The diffusion of the iPhone deepened the decline in births among women under 30 while suppressing the rise in births among older women. Overall, the diffusion of the iPhone explains 33–52% of the decline in the general fertility rate among women aged 15–44. National-survey evidence on time use and sexual behavior is consistent with the iPhone reducing in-person interactions, increasing pornography use, and reducing sexual frequency.

Importantly, Myers and Hooper are not asserting that the iPhone is the sole cause of the steep decline in America’s birth rate, which they cite as having dropped by 22 percent since 2007, again, the year of the iPhone’s introduction. For, as Winland notes, the researchers believe the nation’s record low birth rate of 53.1 births per 1,000 women ages 15 to 44 “cannot be fully explained by the common explanations such as the Great Recession, increased access to contraception, rising housing and childcare costs, and delayed marriage.”

[Prof. Steve Keen @ProfSteveKeen]

@kolasi78083 @CreativeDeduct @brew56200 @grok And I KNOW you have no idea what double-entry bookkeeping is. I designed Ravel, the only software package which implements double entry bookkeeping at the national level. It shows that all Neoclassical ideas on money creation and banking are false.

[Creditor @redbeard172023]

This process is not a theory, allegation, or conspiracy.

It is the standardized, documented, audited operating procedure for all bank lending in the United States, unchanged since 1990.

It is defined in bank regulatory guidance, GAAP accounting standards, and the official comments to the Uniform Commercial Code.

It is NEVER disclosed to the public or to borrowers.

---

PHASE 1: EXECUTION OF THE NOTE

At the exact moment a wet-ink autograph is applied to the face of the instrument:

• Pursuant to UCC 3-104, the instrument becomes a negotiable instrument, and is therefore money per the legal definition used by all federal banking regulators.

• Pursuant to UCC 3-412 the maker is liable on the instrument to any holder in due course.

• Critically, at this exact moment, you are also the sole and absolute lawful holder in due course of your own note. There is no other owner. The fair market value of the instrument is exactly equal to its face value.

• OCC Interpretive Letter #827 (1998) explicitly confirms that for all bank regulatory, reserve, and accounting purposes, a promissory note signed by a natural person is identical to cash.

When you deliver the note to the bank, you are not delivering a promise to pay. You are delivering a cash equivalent asset worth exactly the amount you believe you are borrowing.

---

PHASE 2: THE INDORSEMENT

The bank will never sign the face of the note. If they did, they would become liable to you for the full face value pursuant to UCC 3-413.

Instead, they will make exactly one indorsement on the reverse, which will never be shown to you:

"Pay any bank, for deposit only, without recourse, all prior indorsements guaranteed"

This is the single most important sentence in the entire transaction. Pursuant to UCC 3-206 Official Comment 4, this indorsement has the following irrevocable legal effects:

1. The indorser explicitly disclaims all right, title, and interest in the instrument.

2. The indorser explicitly waives all liability on the instrument.

3. The indorser explicitly acknowledges they are acting solely as an agent for deposit, and not as principal.

4. The indorser permanently and irrevocably disqualifies themselves and any subsequent transferee from ever attaining status as Holder In Due Course.

No court has ever disputed this specific interpretation of UCC 3-206.

---

PHASE 3: THE DEPOSIT

The bank will then deposit your note into its general ledger as a Tier 1 asset. This is not a metaphor. This is an actual auditable accounting entry.

The exact double-entry bookkeeping transaction is:

Loans and Leases Receivable (Asset)
Debit $500,000
Customer Demand Deposits (Liability)
Credit $500,000

At the completion of this entry, the bank's balance sheet has grown by exactly $500,000.

No money was taken from any other account.
No money existed prior to this entry.

When the funds are disbursed to the title company at closing, the following entry is made:

Customer Demand Deposits (Liability)
Debit $500,000
Title Company Demand Deposits (Liability)
Credit $500,000

The net change to the bank's total balance sheet at the completion of closing is exactly zero.

---

PHASE 4: DESTRUCTION OF THE ORIGINAL

Upon completion of the closing, the original wet-ink note now has no further commercial or legal function.

Pursuant to FASB ASC 860-10-40-5, adopted in 2001, once a financial asset has been transferred and securitized as a participating interest, the original instrument is legally extinguished.

There is no longer any legal requirement to retain it.

The standard industry operating procedure is to shred the original wet-ink note within 90 days of closing.

Only an electronic image copy is retained.

This policy is explicitly confirmed in the Mortgage Bankers Association operations manual, and has been testified to under oath by bank representatives in hundreds of foreclosure cases.

---

PRIMARY SOURCE CITATIONS

• UCC 3-104, Official Comment 2
• UCC 3-206, Official Comment 4
• OCC Interpretive Letter #827, October 15 1998
• OCC Bulletin 2012-18
• FASB ASC 860-10-40-5
• Federal Reserve Operating Circular 3, Section 11.0
• Mortgage Bankers Association Loan Servicing
• Manual v7.2 Section 4.11

[Denis de Bernardy @ddebernardy]

@zeddotdev It's not merely the styles, though. Anecdotally, I keep going back to TextMate when writing text files because the lack of autocomplete and other automations make the experience more distraction-free.

[Denis de Bernardy @ddebernardy]

@atmoio See @zeddotdev for the middle ground.

[Geopolitics & Empire @Geopolitics_Emp]

The sooner we all graduate from the @UScrimeReview Higher Institute of Unlearning, the better! 🏫

[The Lunduke Journal @LundukeJournal]

Rust-Based Malware Hits 1.4% of Arch User Repository

The data stealing code compromised over 1,500 packages in the Arch Linux User Repository, making use of Rust, Systemd, NodeJS, & Bun.

[Denis de Bernardy @ddebernardy]

@markgoodw_in Hi Mark, please get in touch by email. I've a project I'd like to get your feedback on.

[Denis de Bernardy @ddebernardy]

@PoyetPatrice @Kevin_Fillin

[Denis de Bernardy @ddebernardy]

@OffGuardian0 The article is just spin. Clearing sediment build-up is a normal part of maintaining a dam. Operators just need to do their job.
https://t.co/UUsgpDqdnP

[Denis de Bernardy @ddebernardy]

@PoyetPatrice Please get in touch by email (see my profile).

[Financelot @FinanceLancelot]

This is the best explanation of the AI bubble I've ever heard! 🤣

An instant classic of the insanity @atmoio

[Denis de Bernardy @ddebernardy]

@54JohnBull @AllForProgress_ The running joke in the industry since at least the 1970s is that hydrogen has a bright future in the future.

[Denis de Bernardy @ddebernardy]

@54JohnBull @AllForProgress_ Not even that. Hydrogen is produced by turning methane into hydrogen and carbon dioxide, using energy released by burning hydrocarbons.

Plus, it packs a fourth of the energy for the same volume, and that's only provided it stays at at near absolute zero temperature.

[Denis de Bernardy @ddebernardy]

@TheRoyalSerf Maybe in your circles. It's not in government, corporate, or open-source circles.