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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>From:</span></b><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'> spike@rainier66.com <spike@rainier66.com> <br><b>Sent:</b> Tuesday, 27 October, 2026 11:19 AM<br><b>To:</b> 'ExI chat list' <extropy-chat@lists.extropy.org><br><b>Cc:</b> 'Stefano Ticozzi' <stefano.ticozzi@gmail.com>; spike@rainier66.com<br><b>Subject:</b> RE: [ExI] disadvantage of x<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><br><a href="https://www.youtube.com/watch?v=d2n4qXk31TA" target="_blank">https://www.youtube.com/watch?v=d2n4qXk31TA</a><br><br>spike<span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>…</span></b><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>> <b>On Behalf Of </b>Stefano Ticozzi via extropy-chat<br><b>Subject:</b> Re: [ExI] disadvantage of x<o:p></o:p></span></p></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Hi Spike,<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>>>…I watched the initial part of the video. It is a non-technical video, both from a political and a financial perspective. I work as a trader of euro interest rate derivatives…<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>ciao,<o:p></o:p></p><p class=MsoNormal>stefano<o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>>…Thanks Stephano! Like so much internet material, it is good for undergrads and ordinary proles, but for the experts in the field not so much. Thanks for your perspective. I learn so much here….spike<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>Something occurred to me as I learned the factions involved in the French riots. Ignore the looters, for that isn’t a cause, rather only an opportunity for thugs to have designer purses and matching shoes. The causes started with students protesting the deplorable condition of their schools. The Save Palestine crew joined, for they will join any protest. The labor unions are out there demanding higher pay, the cost of living protestors are out there, but one thing I didn’t see anywhere are protestors demanding the French government balance their budget. No banners demanding Cut Zee Spending. If I joined that protest, I would be a lonely guy.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>So now, we have hundreds of thousands of protestors in the streets, demanding the French government increase spending. But the French government cannot increase spending, it cannot even sustain the current level of spending. The protestors will not be happy.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>spike<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><o:p> </o:p></p><blockquote style='border:none;border-left:solid #CCCCCC 1.0pt;padding:0in 0in 0in 6.0pt;margin-left:4.8pt;margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'><p class=MsoNormal style='margin-bottom:12.0pt'><o:p> </o:p></p></blockquote></div></body></html>