Morlock Elloi on Thu, 6 Dec 2018 00:26:19 +0100 (CET)


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<nettime> A short appraisal


Not to disturb high intellectual discourses on nettime, a short interlude with numbers and reality.

IMF suggests that a typical collateral for major loans should be around 60% book value or 30% market value. The Republic of Ecuador just got $1.1B loan using Julian Assange as collateral (https://www.bbc.com/mundo/noticias-america-latina-46395063 ), which places Mr. Assange's market value at about $330M.

That's a lot of money, and a possible business model for unfunded progressives: prop up a major irritant to wealthy entity, then sell it yourself.

This capitalism thing is f*cking fantastic!

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