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 …
Category: economics
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 …
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 …
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 …
The end of gold
Gold has been great insurance against crisis and collapse for five thousand years. Now it ends. The gold bugs are whistling in the dark. Currently there is about ten trillion in gold value held in private hands, about one trillion in crypto currency, primarily bitcoin. So gold still dominates crypto currency by capital value. But volume of crypto currency transactions dominates volume of gold transactions, because it is a lot …
The radicalism of the new regime.
Namefag Yarvin predicts fifty years of the Brezhnevian stagnation. I predicted that that revolutionary change would ensue as fast as Russia, where the Kadets were in power and then out of power so fast it gave them whiplash. I predicted that the Republicans would never win another election in America, and they just won some, falsifying my prediction. But … This is free money being handed out to friends of …
Bitcoin time
I have been diversifying from Bitcoin to ADA, because I was profoundly unhappy with Bitcoins scalability, and with its implementation of the lightning network, and I recommended that other people do so. This turned out to be a bad idea. The bitcoin lightning network substantially eases the scaling problem for an order of magnitude or two growth, after which scalability is likely to start biting again. The bitcoin lightning network’s …
Gold, crypto currency, and hyperinflation
The fed is printing a pile of money, and what is happening to that money is as obscured and obfuscated as the claims about inflation. We have for some time been seeing shortages of critical products, typically special products with sticky prices. A contractor cannot get his final payment for lack of a three hundred dollar part, and goes bankrupt. These shortages are increasing and we are now starting to …
The left vision of the Eschaton
The left want to immanentize the eschaton. How exactly? What will the immanent eschaton be like? This is to them a minor detail that can be dealt with after they have swept away the old order, like the Khmer Rouge plan for revolutionizing and radically increasing rice production. The Khmer Rouge had, unlike our left, a vague glimmering of plan: They would revolutionize and radically increase rice production on the …
Lockdown
Wu Flu is off topic, but the holiness and lies surrounding Wu Flu is on topic. What South Korea did is the application of Germ Theory to control a pandemic. What we are doing is the application of Germ Theory to justify the same agenda as Green New Deal and anti capitalism was proposed to justify. What South Korea did, worked, and did not require the shutdown of society and …