Near as makes no difference. Notice that Russia’s leaders say that Russia’s goals in the Ukraine include de-nazification and/or de-communization, without really making a distinction between de-nazification and de-communization. Nazism was radical leftism in its day, and was perceived as radical leftism in its day. And, predictably, Hitler found himself outflanked on the left within the Nazi party, as Stalin found himself outflanked by Trotsky. So he killed them. Whereupon Stalin created the third positionists, “fascists” who were even lefter …
Category: economics
Capitalism
Time to discuss the nature of capitalism, because fake Nazis on Gab are spouting Marxist history, economics, and theory: The Marxist sees bread on the supermarket shelf, and thinks this a manifestation of a central plan. He thinks we already live in a socialist economy, with big capitalists giving marching orders to little capitalists. And that is why they refuse to acknowledge that Musk is the great rocket scientist of our day, as Wernher von Braun was the great rocket …
National Capitalism and Sanctions on Russia
The Global American Empire thought sanctions would ruin Russia. Still think that, though they now think it will take a little longer. Formerly talking weeks, now talking years. The Russian economy has, according to statistics, been knocked down ten or twenty percent. Seeing a Youtuber chatting to Russians on the ground, sounds roughly accurate. The question is, is it, like the ruble, bouncing back, or going over a cliff? The ruble bounce back came as a shock to the Global …
Decline in GDP per capita
Your grandfathers could enjoy a house, a garden, children, and stay at home wife looking after the kids. Their grandchildren are dual income no kids, but live in a little box with Ikea furniture Not only did we land on the moon in the 1970s, we had nicer cars, nicer toilets, and better clothes washing machines, though today we have nicer phones and computers. But Americans can no longer make the cpus and ram for those computers, which come from …
Stagflation is here
Walmart reports it is selling less stuff, and is going to have to raise prices further. If it is selling less stuff, everyone is buying less stuff. Meaning everyone is poorer, living standards are falling If everyone is buying less stuff, and yet stuff is still in short supply, then production of value is falling. As has been obvious from holding a finger to the wind for some time, but this is a concrete confirmation. Official cpi and gdp statistics …
Money has functions four
A medium, a measure, a standard, a store. 1. Medium of exchange The US centered financial system has become less and less functional for exchange, with international bank transfers becoming ever more dangerous and difficult. Cutting Russia out of SWIFT was a huge additional blow to this functionality. Countries now need to keep some foreign reserves in the Yuan or the Ruble, in order to enable transactions, and are starting to do so. Israel, among others, has added a tiny …
Hodling time
As investment advice, this post represents rumor, speculation, and incomplete information. Keep an eye on the bad weather I speak of, and make your own judgment about the storm. I have lost a great deal of money, and made a great deal of money. Future performance may not reflect past performance. I am long on land, stocks, and crypto currency. Will soon no longer be long on stocks. We are now a time of high inflation, though the CPI and …
Sanctions and crypto currency
For a long time it has been becoming more and more difficult and dangerous to perform international transactions in fiat money. It has suddenly become a lot more difficult and dangerous. Crypto currency is replacing fiat currency. The breakdown of trust and trustworthiness means that there is no alternative. That is why crypto currency scaling problems are now biting hard, and will soon be biting a great deal harder. Bankers have an incentive to create unsustainable debt bubbles. To prevent …
Current events
This blog does not normally report, nor pay much attention to, current events, except as they illustrate the long sweep of history. But, there is a bunch of stuff happening now. Four demons doing a weak-ass imitation of the the four horsemen of the apocalypse are on their way. First and foremost for me is that the heat on crypto currency is going up, and it looks like the blood diamonds attack on bitcoin may well be imminent. Executive order …
Yarvin’s finance plan
This is a very late response to Neurotoxin’s excellent review of Yarvin on finance. But I don’t care that it is late. The Dark Enlightenment does not need an accurate understanding of the existing finance system until it is time to eat their lunch, which will not be for a few years, and I am writing for the ages, not for this week, this year, this decade, or even this century. The key takeaway from Neurotoxin’s post is: most of …