OutsourcedMath Social Network | Michael Rupp @ OutsourcedMath Social Network

Michael Rupp 2 months ago friendica

Vote For Pete Buttigieg! #NOT

# #MayorPete #DirtyLaundry #PeteButtigieg #SomeMoreNews #Election2020 #DemocraticParty Contemporary Issues News Podcast Politics

Williamsville, NY, United States

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Michael Rupp 2 months ago friendica

Elections | Opinion about Lib's/Socalists/etc. versus Capitalist Ambition

Typically I'm posting a #Podcast for people to listen to and a reason to listen to it, but here, a podcast merely #Triggered my thoughts while doing man-on-the-street type interviews of #Arizona #Voters.

An older-sounding white man said something about how all the #Progressives (pejoratively) and their #Socialism and free #Medicare is going to kill off all the #Ambition of #Capitalism. I definitely paraphrased him, but his point is intact.

His comment caught me in that way where you clearly see how and why he is so mistaken. I felt the immediate recoil from him misunderstanding what a #Progressive is, but I'll give him that because #Politics is messy and people on the same side disagree if given the chance to talk to each other instead of yelling at the "others". However, he is fundamentally wrong about ambition. He was confusing the idea of working out of desperation and the survival instinct with ambition. Perhaps he was a #BlueCollar type who had hopes for his next of kin doing better and instead sees 23-year-old grandchildren playing X-Box all day and drinking at night. I don't know why he thinks his opinions are valid, but I do know he is wrong.

It's been #Scientifically proven that when we are stressed over meeting our basic needs in life that we can't make good decisions. Ambition comes from having a good idea that can improve people's lives in a way that it would be valued at more than what it costs to produce. It's hard to have good ideas when you can't figure out what to do without; #Healthcare, #Food, #Heat, #Electricity, Clean #Water, or the #Mortgage / #Rent payment. I believe it's a goal of socialism to meet these basic needs without question, thus the desperation is lifted and people can be free to think of greater things.

The #Ancient #Greeks had an unquestionably great thing going with flourishes of #Math, #Science, #Medicine and so forth. Their institutions of learning did not charge admission for entrance. They did, however, have a bar to entry, and it was based on the economic standing of the citizens. If you were wealthy enough to stop working for a period of time, you could get the "go-ahead goal" of learning about important things. Poor people were still stuck in the cycle of desperation. This may explain why it's so much more likely that non-poor people have #Innovative ideas and subsequently the ambition to get rich as a result.

If nobody was stuck in desperation mode due to bad-luck-of birth #Economics, #Innovation and ambition might skyrocket.

Chapter 4: The Southeast | Crooked Media (site link)

Stitcher embedded audio feed

Williamsville, NY, United States

2 people like this

Tessa Byrd 2 months ago diaspora

"I don't know why he thinks his opinions are valid, but I do know he is wrong"
I have an evidence based reason why he thinks his opinions are valid, and I know he is wrong too..

Michael Rupp likes this.

Michael Rupp 3 months ago friendica

How China Tracks Everyone | VICE on HBO

Maybe it's just me, but does anybody think it's odd how a "#Communist" country (#China) found a refinement of a #Capitalist country's product, #SurveillanceCapitalism, as ideal for their "way of life"?

To be clear, #Capitalism did invent #SurveillanceCapitalism because it was always a problem for #Capitalists to figure out how to persuade their market into overpaying for their products/services. Broadcast advertisement was a blunt instrument, like washing clothes by banging them with rocks along the riverbed, but it was the best option they had for mind control. They would try to get a "better bang for the buck" by all kinds of user surveys, but it just narrowed down fishing with dynamite to fishing with nets. They wanted to fish with smart hooks that found the fish they wanted without them making any effort. #Google showed them all the way. #Facebook just didn't have a pretense of #Morals or #Ethics to slow them down.

Companies in a #Capitalistic society, if they are big enough, hate government because they want to be as powerful as a government, but with dictatorial powers. China and Russia are showing us that is what they want too. Capitalism infected the world like a virus and now we are going to reap the whirlwind.

#Communist #China) #Capitalist #SurveillanceCapitalism #Capitalism #Capitalists #Google #Facebook #Morals #Ethics #Capitalistic Contemporary Issues News Podcast Politics

Williamsville, NY, United States

Michael Rupp 4 months ago friendica

George Bush, Barack Obama, and the CIA Torture Cover-Up

The latest #Podcast by ~~Intercepted~~ is a big reveal on how we #American's have lied to ourselves for over a decade about our #CIA #Torture programs. At least 2 of our #POTUS have been implicated as complicit in this episode, and other perpetrators who got off scot-free are called out with the evidence against them.

George Bush, Barack Obama, and the CIA Torture Cover-Up

Daniel J. Jones, former Senate investigator on the CIA torture program and Iraqi activist Raed Jarrar are this week’s guests.

^{theintercept.com}

#Podcast #American's #CIA #Torture #POTUS Contemporary Issues Democracy News Podcast Politics Society

Williamsville, NY, United States

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Michael Rupp 5 months ago friendica

CD203: Scattering Interior

Well, my latest #Hero #Journalist Jen Briney, creator and voice of the #CongressionalDish dropped another great episode. I'm not sure if #MAGA types would like this episode despite her having a following from them too because she tends personally as a #Libertarian and plays no favorites with her content about the #USA #Congress #HouseOfRepresentatives, but if said #Conservative #Republicans are truly principled and not just "fan-boys" voting for a color/logo/wishful-thought, then thy will like it too.

The main thrust of her episode is the way our #Executive branch of government has nefariously altered the way our country collectively regulates public land. Their goal and result was to streamline all the land to be used for energy production. Depending greatly on how any given person defines #TheSwamp in Washington #DC and what a #Monster is in that swamp will change their opinion on the success of #DrainTheSwamp. If your idea of a swamp monster is a person who protected public land for a small subset of American Citizens so that oil drilling wouldn't happen on it, then you'll be happy about what has happened because the filth is about to flow on many of us while a tiny minority of corporations will profit mightily.

CD203: Scattering Interior

#Hero #Journalist #CongressionalDish #MAGA #Libertarian #USA #Congress #HouseOfRepresentatives #Conservative #Republicans #Executive #TheSwamp #DC #Monster #DrainTheSwamp Contemporary Issues News Podcast Politics

Williamsville, NY, United States

Michael Rupp 6 months ago friendica

Your outfit is trash (as a compliment)

This #Podcast is noteworthy, especially if you genuinely want to live in a more #Sustainable way with respect to the #Environment. It might mean you have to change the way you chose #Clothing and other #Apparel, but you'll be doing the right thing for the right reasons.

Next time you buy clothes, buy ones that will last longer, and keep them longer. Own fewer items. Consider getting and giving items at consignment shops. Look into repairing clothes instead of discarding them; all my childhood jeans had iron-on patches in the knees.

Your outfit is trash

#Economy #ClimateChange #Fashion #FastFashion #China #Garments #Cotton #DistressedJeans

#Podcast #Sustainable #Environment #Clothing #Apparel #Economy #ClimateChange #Fashion #FastFashion #China #Garments #Cotton #DistressedJeans Contemporary Issues News Podcast

Williamsville, NY, United States

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Michael Rupp 6 months ago friendica

EP 47: PROJECT RAVEN | 17 September 2019 | 61:49

#WOW! This #Podcast has a LOT going on!!!

The DARKNET DIARIES website linked in the webpage preview attachment at the bottom of this post has all their sources for the story ready for you to scrutinize. You have retired #US #Navy people going to private #InfoSec / #SurveillanceCapitalism companies overseas. You have #FalseFront's of these private #Spy companies being #Exposed. You have the links to #MiddleEast nations using the "services" in order to do #Khashoggi style #Hack, catch & kill operations on #Journalists for telling #TruthToPower. You have #Whistleblower's who didn't blow a whistle till these "companies" went #Psycho on the employees for showing they had some #Moral #Character.

This story is the seed for a #Blockbuster #Bollywood / #Hollywood #Thriller #Suspense #Action #Movie. Although after hearing the latest from Jeremy Scahill on The ~~INTERCEPTED~~ Podcast I'm being made aware—from a primary source—that the #CIA spends time and money the way the #Mossad does on effecting legitimate films in order to adjust them into #Propaganda to serve their agency's needs.

#Corruption and sunlight on it abounds in this little one hour story.

Project Raven – Darknet Diaries

This is the story about an ex-NSA agent who went to work for a secret hacking group in the UAE.

^{darknetdiaries.com}

Williamsville, NY, United States

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Michael Rupp 6 months ago friendica

Why would Iran attack Saudi Aramco's oil facilities?

The FT News podcast called News In Focus just recently reviewed that recent question of, "did #Iran do the damage to the #Saudi #oil production facility?" The FT talks about claims of where the weapons were launched from and who built them as well as other nations having a consensus building and decaying over who to blame.

I'm personally not convinced yet by any claims of who did it, but if the #USA (my home country) wants to claim that #Iranian looking #weapons means Iran did it, I'm gonna have to call bullshit and fuck-you. We never find the time to blame ourselves for all the #death and #carnage that our weapons do in the hands of others! I'm leaving Iran off the hook on this one so far.

Why would Iran attack Saudi Aramco's oil facilities?

Make sense of a disrupted world Your browser does not support playing this file but you can still download the MP3 file to play locally. A devastating missile and drone attack on Saudi oil installations last week highlighted the vulnerability of global oil supplies to the threat of regional unrest. The attack was claimed by Houthi rebels fighting ...

^www.ft.com

# #Iran #Saudi #oil #USA #Iranian #weapons #death #carnage Contemporary Issues News Podcast Politics

Williamsville, NY, United States

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Michael Rupp 6 months ago friendica

Congressional Dish Podcast Rocks!

I just love this Jennifer Briney #Podcaster! From the April-2013 CD024: Let’s Gut the STOCK Act episode where she first—in a non-partisan way—"gives the game away" of how unethical our "elected" officials can be, to the latest show where she reveals where she's coming from personally and ethically. She turns Congressional Gruel into palatable delicacies for the hungry masses. A true #Journalist.

CD201: WTF is the Federal Reserve?

#Podcaster #Journalist Contemporary Issues News Podcast Politics

Williamsville, NY, United States

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Michael Rupp 6 months ago friendica

Is States' Rights Wrong?

I just adore Mrs. Betty Bowers, America's Best Christian

#StatesRights

#StatesRights Contemporary Issues News Podcast Politics

Williamsville, NY, United States

Michael Rupp 6 months ago friendica

"I Love America" Facebook page (pushing pro-Trump propaganda) is run by Ukrainians

I just caught this on my Twitter feed via Judd Legum, where the Popular.info site tells the story of how we still have an evil #Zuckerburg doing the #Facebook to the world.

Massive "I Love America" Facebook page, pushing pro-Trump propaganda, is run by Ukrainians

This is the online version of the Popular Information newsletter. You can get independent accountability journalism in your inbox every week. Sign up here: The "I Love America" Facebook page boasts 1.1 million fans, with viral content that reaches more Facebook users than some of the largest media outlets in the United States. A typical post is a celebration of the U.S. military and patriotism.

^popular.info

#Zuckerburg #Facebook Contemporary Issues News Podcast Politics

Williamsville, NY, United States

Michael Rupp 7 months ago friendica

The Trumped-up Economy and the coming world of hurt...

Back in August, #TheSignal #Podcast did an episode called How to start a currency war,

and it gave us a very foreboding message about one of the very real possibilities we are facing worldwide if my countries #Asshole in the #WhiteHouse continues making decisions to profit his ego and his massively wealthy donors bottom-lines.

Just this week, that same podcast aired another show along the same lines as the one linked above called, What happens in a recession.

The show paints a grim picture for the future, but it's not a dystopian fantasy, it's a likely outcome.

Because I tend to be a contrarian, I looked for a silver lining. This type of an economic downturn, while it's helping the rich, hurting the middle-class, and not affecting the poor, it will be helping the fight against #ClimateChange. We will be doing less of everything that releases carbons into the atmosphere, and less of everything that degrades the earth and sea.

#TheSignal #Podcast #Asshole #WhiteHouse #ClimateChange Contemporary Issues Economics News Podcast Politics

Williamsville, NY, United States

Michael Rupp 7 months ago friendica

Olga Lautman on the Russian Mafia

This one is so new that the #Podcast isn't even available on the Gaslit Nation website yet. I used the Lybsyn podcast manager to get the content here.

Olga "knows where the bodies are buried" when it comes to #NYC #Mobsters. She's in the know with the #Jewish and #Russian #Mob's and she's naming names, and putting string from one person to another.

The #RudyGiuliani thing was amazing. #Giuliani as the NY State Prosecutor got famous for going after Organized Crime, but now I see that was just him using public funds to clear out the #Italians so that the #Russians he was connected to could have it easier.

Gaslit Nation with Andrea Chalupa and Sarah Kendzior: Olga Lautman on the Russian Mafia

If you are on Twitter, you know that there is no one more deeply versed on the Russian mafia’s incursion into American business and politics than New York’s Olga Lautman, a freelance researcher and analyst who worked on Craig Unger’s House of Trump, House of Putin and on Malcolm Nance’s The Plot to Betray America, among other projects. Raised on Brighton Beach and fluent in Russian, Lautman was wise to the danger of Donald Trump from the start.

^{gaslitnation.libsyn.com}

#Podcast #NYC #Mobsters #Jewish #Russian #Mob's #RudyGiuliani #Giuliani #Italians #Russians Contemporary Issues News Podcast Politics

Williamsville, NY, United States

Michael Rupp 7 months ago friendica

It’s an Economist’s World

This is soooo #Great!
The #Economist’s #Evolutionary path into the forefront of #Government is explored and scrutinized in a delightful way in this episode. As a staunch hater of #Friedman and his almost #Nefarious contributions to #Economic thought, I'm quite pleased to hear a new wave of thinkers are coming to the fore. Binyamin Appelbaum and his book,
"The Economists' Hour | False Prophets, Free Markets, and the Fracture of Society",
might get me to spend money on a paper book again! It's like Binyamin finally said, "the King has no clothes." Applebaum isn't pulling punches with his content and he's not sparing any former lead politicians from blame.

The interview starts at about 5:34

The page that audio comes from is https://slate.com/podcasts/the-gist/2019/09/new-york-times-binyamin-appelbaum-new-book-the-economists-hour

The attached article below is Applebaum's column in the NYT.

The New York Times: Opinion | Blame Economists for the Mess We’re In (By BINYAMIN APPELBAUM)

In the event that I have readers unfamiliar with the school of Economics, don't shy away. All people have the ability to contribute to this school of thought. In general, all economists study the motivation people have for selecting goods and services with their limited resources. All you need to participate is some personal insight and some curiosity in others rationale for their decisions.

Microeconomics focuses on those atomic level decisions like if you pick whole milk over 2% or a red-colored package over a green-colored package.

Macroeconomics focuses on what happens when all of us make decisions simultaneously, and how policy and/or regulatory actions can be enacted to avoid large scale societal problems.

#Great #Economist’s #Evolutionary #Government #Friedman #Nefarious #Economic Contemporary Issues Economics News Philosophy Podcast Politics

Williamsville, NY, United States

Michael Rupp 7 months ago friendica

The FEC is about to suffer a crippling loss

#American #Elections have more troubles for 2020. The #Marketplace podcasts are very brief. At the start of this one, we hear why trees will fall in the forest but nobody will hear them so they didn't happen. Well, the #Campaign #Finance version of that. #Koch will own it.

The FEC is about to suffer a crippling loss

#American #Elections #Marketplace #Campaign #Finance #Koch Contemporary Issues News Podcast Politics

Williamsville, NY, United States

Michael Rupp 8 months ago friendica

Trump's big gamble on Atlantic City

#LOLZ, the @FailureShow aka: #SpectacularFailures #Podcast took some time this episode to have a look at the #Trump #Scams before he had the power to end the world. I knew he was a #ShitBag back in the 1980s.

Trump's big gamble on Atlantic City | Spectacular Failures

August 19, 2019Play EpisodeBy the time the final dice were thrown, Trump's Atlantic City casino operations had gone bankrupt six times. Despite that, Trump won the long game.You can follow Spectacular Failures on Twitter and Facebook using @failureshow. We're @failure_show on Instagram. Follow Lauren Ober on Twitter and Instagram at @obera...

^{www.spectacularfailures.org}

# #LOLZ #SpectacularFailures #Podcast #Trump #Scams #ShitBag Contemporary Issues News Podcast Politics

Williamsville, NY, United States

Michael Rupp 8 months ago friendica

I Tried Hiding From Silicon Valley in a Pile of Privacy Gadgets

This is a fun romp about how #Surveillance #Capitalism has become as #Omnipresent as the magnetic field of the Sun.

Bloomberg Businessweek: Avoiding digital snoops takes more than throwing money at the problem, but that part can be really fun. By Joel Stein

As the spy gear piles up on my desk, my 10-year-old son asks me what my mission is. “I’m hiding,” I whisper, pointing in the direction I think is north, which is something I should probably know as a spy. “From Silicon Valley.”

^{www.bloomberg.com}

#Surveillance #Capitalism #Omnipresent Contemporary Issues News Podcast Politics

Williamsville, NY, United States

5 comments - Show more

Michael Rupp 8 months ago friendica

And this is more of an attempt to embed a PeerTube video via iFrame than to comment cause obviously, Google is the worst.

Michael Rupp 8 months ago friendica

Oh, that's weird cause your on a Friendica server too. It renders right on my screen. The iframe is built into the BBCode. It's basically [iframe] url for the content that came from their embedded content <iframe> code [/iframe].

Michael Rupp 8 months ago friendica

Just listening to this #Podcast from 2016, you know, from before #Trump was unleashed on the world with 5 infinity stones. This story reveals why plenty of #American's could reject #Hillary #Clinton.

White gloves, aluminum cans and plasma

#Podcast #Trump #American's #Hillary #Clinton Economics News Podcast Politics

Williamsville, NY, United States

Michael Rupp 8 months ago friendica

Border Patrol is operating above our laws.

So, yeah, this new #Trump thing wasn't just bluster.
#Immigration #War #ICE #CBP #Racism

The Young Turks 2019-07-30 - TYT.com

The Largest Online News Show in the World

^tyt.com

#Trump #Immigration #War #ICE #CBP #Racism Contemporary Issues News Podcast Politics

Williamsville, NY, United States

Michael Rupp 8 months ago friendica

How the GOP Got Here

If you are a lover of #Logic and #Whitty #Satire, this is so worth hearing at least the first 5 minutes of Mike Pesca's #Podcast embedded below. There's 1:15 in ad content at the start. He's exposing the absurdity of the responses by Trump types of, "No you are the racist!".

The Two-Party System Was Never Great, But Under Trump, It’s Completely Broken.

2020 probably won’t fix things much.

^slate.com

#Logic #Whitty #Satire #Podcast Contemporary Issues News Podcast Politics

Williamsville, NY, United States

Michael Rupp 8 months ago friendica

The Trump administration wants access to encrypted messages

Yes #WTF! The #Trump has decided to eliminate the #Right to #Privacy in the #USA. I can see the short-sightedness of his base of support being in favor of this because they think if it happens they will be in power forever.

The Trump administration wants access to encrypted messages

#WTF #Trump #Right #Privacy #USA Contemporary Issues News Podcast Politics

Williamsville, NY, United States

Michael Rupp 9 months ago friendica

A funeral industry giant keels over

(This post looks best when viewed directly on #Friendica)
This is another great #Podcast for the @Stock Picking Discussion forum. The detail I caught in the story making it worth mentioning is one that might go past people who don't think about #Finance. It won't take you long to listen to this show, but here's the...
spoiler/rant alert:

Reveal/hide

The Financial Industry wanders from one type of thing to another with their big-money the way a grain farmer goes out to reap the crops, except the financial industry doesn't plant the crops, it just kills the farmer and takes the crops. The pattern is the money-hawks will look for where the middle-class stores or spends their cash, then they plot the attack, and you'll see them swoop in to monopolize things, pervert #Free #Market #Capitalism so that you're "over a barrel", then they will take it all till the middle-class is on the edge of becoming lower-class again. Based on the podcast, notice the way there was no death-business, then there was a business contrived for it, then the Wall Street types noticed it, swooped in and started making people pay for their hole in the ground decades ahead of time so they could get rich by investing your promise to be buried in the dirt. Right now they are doing schemes with #Residential #Housing and other #RealEstate a little different than they did earlier this decade. In the last decades, they were raiding retirement funds; even the Mafia made good on pensions. In the '80s & '90s, it was churn & burn the accounts because the youth of the day didn't believe their grandparents' stories of how Stock Brokers screwed them in the '20s & '30s. Almost every generation has had untold wealth extracted from its masses and funneled into the accounts of these industry giants and some to their minions.

The main point of all this is to beware of what the owners of & workers on #WallStreet decide to make a run at. You don't have to get #Screwed by them. Innoculate yourself. If you know they are trying to do it (hint: they always are), and what they are trying to do it with, you're well on your way to preventing them from getting over on you. Your common sense will do most of the rest.

A funeral industry giant keels over | Spectacular Failures

July 8, 2019Play EpisodeA family-owned business fights a billion-dollar, multinational company. And wins.You can follow Spectacular Failures on Twitter and Facebook using @failureshow. We're @failure_show on Instagram. Follow Lauren Ober on Twitter and Instagram at @oberandout.BizWiz Link:Building Relationships and Improving Opportunities!�...

^{www.spectacularfailures.org}

#Friendica) #Podcast #Finance #Free #Market #Capitalism #Residential #Housing #RealEstate #WallStreet #Screwed @Stock Picking Discussion Contemporary Issues News Podcast Politics

Williamsville, NY, United States

Michael Rupp 9 months ago friendica

Episode 924: Stuck In China's Panopticon

Holy shit! We thought #Americans were shit to #Muslims. Wait till you get a load of what #China's doing! I think they are planning on a #Genocide of the #Uighurs. As an #Atheist, I'm not a person who thinks #Islam should be given respect, but I do think people should no matter what.

Episode 924: Stuck In China's Panopticon

China is building a high-tech surveillance state to capture minorities' every move and word. We go inside it and find that some Americans are involved. Subscribe to our weekly newsletter npr.org/planetmoneynewsletter

^www.npr.org

@Atheists in the open

# #Americans #Muslims #China's #Genocide #Uighurs #Atheist #Islam @Atheists in the open Contemporary Issues News Podcast Politics

Williamsville, NY, United States

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Michael Rupp 9 months ago friendica

It's 26:50 in length. I'm posting from Friendica, so you don't see it rendered correctly. Try this link?
https://social.outsourcedmath.com/display/1b3b355084f80137d19802000a000045
I usually embed a player for people to play a podcast in anonymity through my post along with a link to the source.

The show is produced by the National Public Radio here and it's a Financial podcast most of the time, but this episode is off their normal material. They are really good about being human with their perspective, aka: not greed-driven.

Michael Rupp 10 months ago friendica

No good sir, you can't claim unlimited growth to peddle your ideas!

I do a little rant here after hearing The Signal podcast (which is embedded below my low-quality video).

#GDP #Economy #HappinessIndex

#GDP #Economy #HappinessIndex Economics News Podcast Politics

Williamsville, NY, United States

Michael Rupp 10 months ago friendica

So true that quality is a better way to live! However, as it's measured, I don't think cheaper inputs to a product or service change the GDP. To avoid double counting they won't measure components made to become part of a final product that a consumer buys; they just measure the price the final product sells at. But, if cheaper inputs lower the final products price they will sell more units and thus raise the total GDP. Is that what you meant?

http://theorybiz.com/what-s-the-economy-for-anyway/the-grossest-domestic-product/2427-what-counts-in-the-gdp.html

^{theorybiz.com}

arnica407 10 months ago diaspora

The theorybiz article has many of the items that I was thinking of, especially the increasing #scarcity. For example, the topsoil in the #USA is being depleted and is a positive in the GDP figures. Increasing the farming quality so that we have no net loss of topsoil should lead to the best possible results in whatever measure is used.

#scarcity #USA

2 people like this

Michael Rupp 10 months ago friendica

Lendy.co.uk a P2P lending service is going bankrupt after a few years of operations...

I spend a lot of time thinking about alternatives to #Banking. I'm not really sure how I feel about this story yet. I first heard about it in the last few minutes of the FT #Podcast called #BankingWeekly.

Subscribe to read | Financial Times

Gain a global perspective on the US and go beyond with curated news and analysis from 600 journalists in 50+ countries covering politics, business, innovation, trends and more...

^www.ft.com

It appears that the Lendy company had been scaling operations up significantly since about January of 2016. Financially, they looked honorable. Theoretically, they seemed as feasible as ride-sharing services. They knew people with money, and people that needed money, so they were a glorified dating service that matched up people with capital to enterprising people. What could go wrong?

Lendy’s overdue loans hit 68% of book as FCA monitors £8m lawsuit

Two thirds of active loans issued by Lendy are now overdue while the peer-to-peer lender has also resorted to asking the Financial Conduct Authority (FCA) for help in a multi-million-pound contract dispute with a borrower.

I can't help but prejudge this by thinking that they took the higher risk type enterprises that banks wouldn't—probably for damn good reasons—and with that higher risk, they didn't secure methods and plans to negotiate fair, reasonable, and equitable repayment of such risky endeavors. I sincerely hope they get their endeavor straightened out because alternatives to centralized banking are important in an egalitarian world.