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 see shortages of basic products, the most basic of them all being labor itself, and very high inflation in products that do not have sticky prices, such as lumber. This prefigures a lot of inflation already baked into the cake, which inflation will greatly exceed inflationary expectations, which are low due to normality bias. There has been quite a lot of inflation lately, considerably exceeding inflationary expectations. The shortages and the inability to maintain monetary discipline which underlies those shortages prefigure a great deal more inflation, exceeding inflationary expectations even further.
Hat tip Pseudo-Chrysostom for the image.
The official inflation numbers have long been detached from reality. They have now, rather suddenly, become rather more seriously detached. They are about to rapidly become a great deal more detached.
The underlying cause is collapse of cohesion and discipline among the elite. They are just unable to stop all sorts of people helping themselves to the printing press, which lack of control and discipline prefigures hyper inflation – not tomorrow, not probably next month, probably not next year or the year after, but not far off.
Hyperinflation does not happen all at once. It starts with wave of startlingly bad inflation, then a wave of relative stability, and people think normality has returned. But it has not. There is another wave, and another, each with more inflation than the last, each with more rapid inflation than the last, and the waves coming closer and closer together, finally blending into one continuous wave until no one knows what prices should be, and the money just stops being useful.
Asset prices are inflating, as people with access to easy money buy real assets, but in the final stages of inflation, asset prices no longer keep up with inflation, because the money ceases to be useful as a measure of value, and assets are illiquid. Someone has a trillion dollars, is not sure whether he should invest in a house with it buy or a hamburger. He is hungry, so he buys the hamburger.
Gold and crypto is hedge against hyperfinflation. Anyone who buys bitcoin intending to sell it for fiat money is a fool,, because investing with the intent of selling presupposes that it is a bubble. Outsiders cannot profit from a bubble. You cannot get out of a bubble sooner than everyone else, because by the time you know it is time to get out, everyone also knows it. (Unless of course the government is the buyer of last resort, or is funding wetbacks with no id, no income, no job, and no assets to take out million dollar mortgages, as in the great Minority Mortgage Meltdown) The primary argument for bitcoin is that fiat is a bubble, hence the hodl strategy. Pay no attention to the latest news, because you know the final destination. Dips are a buying opportunity, assuming the hodler noticed the dip, which he probably did not.
When one does book keeping and accounting, one wants the entries in the assets and liabilities column to be as directly as possible connected to real things that have real value. In contrast, the fed balance sheet is unreadable, and its flows incomprehensible – this has gone beyond normal government incompetence and looks more and more like three card monte. The budget and the debt limit and all that have become as meaningless and irrelevant as the Queen travelling in a stage coach to open the British Parliament.
Silver, these days, is an industrial metal. In the long depression, it was spontaneously demonetized, because people used banks and banknotes for small transactions, and it has been steadily demonetizing further and further. In a hyperfinflation, it might remonetize for transactions of moderate size, but I don’t think so. Crypto currency renders it irrelevant.
The real value of silver relative to other resources, like oil and iron, is likely to remain approximately stable, but as people see what is coming, the real value of crypto and gold, relative to resources and goods, is rising, with crypto rising far faster than gold. If, as I think likely, crypto currency results in the demonetization of gold, gold is going to fall in real value relative to resources and goods a very long way, while silver will remain relatively stable. Stability sounds good, but you will not be able to buy food, guns, and ammo with it.
Perhaps this is a European thing, but the normalcy bias among friends and family boggles the mind. People think housing prizes are going to drop, gas will drop, lumber will drop. Just market fluctuations bro, remember when housing prizes crashed in 2008? There is an outright refusal to acknowledge what is happening and what that implies about current and future state of affairs.
Well, guess I’ll get some more crypto.
Normalcy bias everywhere.
When shortages happen, indicates that inflationary expectations have fallen short of reality.
Everyone using his own money to speculate got out of the housing market before 2006. From 2006 to 2008, there were a vast number of empty houses theoretically owned by people with no income, no job, and no assets, who could not be found, except when they showed up in jail. During this period, mortgagees illegally flipped houses without the participation of the mortgagor, to create the accounting appearance that loans were being paid off. When the music stopped in 2007, housing prices fell because these empty houses came back on the market.
Stagflation can in theory occur because inflationary expectations exceed the actual rate at which the currency is diluted, but observed behavior is that this is usually very brief, because inflationary expectations quickly adjust downwards to actual dilution of the currency. Prolonged stagflation is usually a result of attempting to tax above the laffer limit, and/or regulatory obstacles to doing business.
Continuing and increasing shortages indicate continuing and increasing currency dilution, which stays ahead of inflationary expectations.
That hyperinflation takes a long time to go hyper is because inflationary expectations are slow to adjust upwards. People keep expecting prices to be like they were, when they should be expecting them to increase at least as fast as they increased in the past.
Housing prices falling sounds like something good for everyone other than the speculators.
Not just speculators own homes and properties.
It would be worse on them than others, but it’s also bad for everyone who purchased their home at high prices.
Also NPCs think that real estate is the only safe investment, so if they have excess money from years of hard work they try to put it in a second house or apartment in order to rent it out and make some money.
1. If you’re not a speculator you shouldn’t be too unhappy if you’re house doesn’t keep up with inflation (unfortunately they probably will).
2. Nobody here should give a damn about NPCs, I’m suspicious of anyone that doesn’t thoroughly hate them. NPCs borrowing to buy real estate en masse with government backed credit is half of the reason real estate is so overpriced compared to other assets (and that housing costs are so high). Another reason for a Georgist tax system post restoration and extreme draconian restrictions on mortgage credits.
My family owns some real estate, of course I’m not going to hate them for it. They were simply made to believe that it was the best way to store their money.
I’ve tried to get them to sell it at the inflated prices, but they just don’t trust any other investments, and have been burned on some investments they made that weren’t real estate.
Besides, I’ve said this before, but it’s in the nature of most people to simply follow the beliefs of the society they are in, and not even realize that. People like that need to exist.
It’s the result of my grandfather and others in his generation working three jobs and having a small business at the same time, in the more economically prosperous times of the postwar era.
And it’s why my family doesn’t have any debts, why we do not need to pay rent, or a mortgage, despite none of them having a high status or high paying job.
We didn’t buy on credit.
We rent a couple apartments, and it does make money, but it’s also not easy or risk free like people think.
Some tenants are good and pay rent, some thrash apartments and you are forced to pay for it.
And if they do not pay rent, there is no recourse in practice. Due process is designed to make it impossible to kick them out except with a very lengthy and expensive and uncertain process.
We are forced to bribe these leeches to make them leave, and they inevitably still trash the place, threaten my grandparents, and have no remorse whatsoever.
There’s a ton more bullshit, and I could fill pages with the nonsense they have had to deal with just in the past five years.
With the taxes and laws that we have we already barely have property rights to our own real estate.
I have a property where the tenant paid very little rent for a very long time, but I did not do anything about not because it would have been difficult, (well partly because it would have been difficult) but partly because he was sick and getting sicker. When he finally disappeared, the property required major work, the place was so ruined it was impossible to stay there. I don’t know what happened to the former tenant. He may have left because it was no longer livable, or left to hospital, or just become so disoriented that he died in a ditch somewhere. The current tenant is OK, but I had to do very major repairs.
That’s a strange story.
In one case a tenant paid little to no rent for a long time, but they were eventually able to get rid of him by giving him some money and telling him *I* was getting married and needed a place to move in with my non-existent wife.
A bizarre thing to tell a tenant and I don’t really get why they needed an excuse considering he wasn’t paying rent. But it was more amicable than most of the “evictions” we did.
What we did not realize is that he had not been paying the gas bill either and in fact had kept making new contracts when he was late on payments, using his relatives’ names.
By the time he left, the gas company had, without warning us, physically cut off the service to the home, a process that is not simple to reverse. Worse, this happened in august, the time of the year when the most workers are on holiday, and the bureaucracy is mostly stopped.
The new tenant arrived and he could not cook his meals, he demanded we pay for him to get hot meals from outside until the gas was fixed.
As he was paying rent and was a more reliable tenant we begrudgingly gave him a discount on the rent to cover his costs (to be fair, eating warm food is considered a basic necessity here, and lunch breaks typically last one and a half to two hours to allow office workers to go home and eat there).
It took us a little over a month to convince the utility that the gas bill would be paid in the future, and to find someone who would re-attach the apartment to the grid (at our expense).
Unfortunately, the reliable tenant moved out after less than two years because he had to move to a larger place in order to legally marry his foreign wife and give her permanent residency (I don’t know the details but apparently living in a small one man apartment would not make their living together credible, so the marriage would look like a sham to get residency status)
Real estate is a dangerous investment if you only own a little of it; bad tenants can ruin you, and you get plenty of bad tenants. It is legally almost impossible to evict a bad tenant, even if that tenant moves in and does not pay a single month of rent past the first.
If you are a huge landlord, and own a ton of properties, 10% of tenants not paying rent is an expected and consistent loss. I first expected housing prices to drop as the boomers started dying off. My anecdotal experience is that people today are worse off than their parents, so when Dad and Mom die, their house tends to gets sold rather than rented out or kept. Now I expect housing to stagnate; not many people will be buying houses to flip them, but it looks like supply entering the market is getting snapped up by huge landlords looking to rent out the properties, and even foreign corporations.
People who can get easy money from the fed are buying property to rent out.
I sold the last of our rental properties last year.
The County Communists said, you will rent to blacks and illegals; if they don’t pay, too bad, so sad, because you stole the property from the blacks and illegals anyway, so the property wasn’t yours from the start.
Besides that, the housing bubble eviscerated the supply of good, reliable, pays-on-time tenants. Anybody who could fog a mirror got a mortgage, which meant the renter cohort was comprised exclusively of those who could not fog a mirror.
Screw that. I’m out.
Yep. Corporate landlords who bought with borrowed money are just frontmen for banks that counterfeited the money. They treat the tenants worse than actual feudal peasants, and can’t be charged with any of their crimes. Despite glowing’s whining, the laws are heavily stacked in favor of the landlords in just about every US jurisdiction, and the lease forms are as bad as a click-through EULA.
Class-action RICO, it’ll be coming for the parasites soon.
> Despite glowing’s whining, the laws are heavily stacked in favor of the landlords in just about every US jurisdiction,
Yes, and I do not live in the US. Here, eviction is almost impossible, even going through the proper procedures, which requires months of time, and five figures paid to lawyers, does not guarantee enforcement even once the judge rules in your favour. We’ve been there and done that.
The landlords I know, many of whom have far more money than us, all tend to do the same thing, bribe the tenants into leaving. Which of course encourages them to repeat the offense.
Speculators who own substantial property tend to be smart people who are very good at speculating. Everyone got out of the great Minority Mortgage Bubble in November 2005, and watched from the sidelines while the authorities kept pretending the bubble was still going.
Within their field of expertise they know exactly what is happening, though they frequently fail to realize that the same corruption, lies, and pretense is happening everywhere, happening in voting, in the courts generally, and not just in the matters directly affecting their investments.
They are apt to trust the “experts” – but not in matters affecting their own wealth. They frequently fail to see broader social decay, but they have perfect vision for social decay in certain particular matters. Similarly every real scientist knows that official science is bullshit within his own field, but is apt to to be strangely trusting of official science in matters outside his own field.
The speculators you describe above seem to be rare. Once a speculator has had an experience with courts in his special area of expertise (e.g. real eastate), it would be strange to assume that the courts would work differently with any case from any other legal field.
My impression is that people generalize their expierence with one or two courts to all other courts in that jurisdiction regardless of the legal field.
You treat all fiat currencies as one. Maybe this is correct, but it is not obviously correct.
There is the US empire and all currencies of this empire are more or lies tied to each other. Hyperinflation of the US$ leads to hyperinflation of these currencies as well – unless they manage to break away from the US$, which might be somewhat easier during hyperinflation of US$.
What about Russia? I do not see how US hyperinflation would contribute to making Russian fiat currency worthless. Same with China.
Crypto might achieve demonetization of gold, after it has effectively replaced every fiat currency. At present, currencies of the US empire are on a path to become worthless. Then crypto might replace them, but outside of the US empire?
Foreign currencies (or rather just one of them) usually replace local currency during hyperinflation. Why should this not happen this time?
In the end, there can only be one.
For a time, gold was the one, and all other currencies were claims against gold.
Then the US dollar was the one. Now the US dollar is ceasing to be the one. This is a transitional state.
For years the US “exported inflation” to precisely places like China and Russia every time printer went brrr.
The US populace got used to the magic of not feeling the inflation from the money printing by their elites, because the shock was always absorbed by the Chinese and Russian consumers, and lots of other places.
This is one of the perks of being the printing press of the dominant world currency. If you keep the printing within reason.
Now they have gone full into some warped version of the Modern Monetary Theory, way beyond anything the external world can absorb, to the extent that paranoid ramblings how the system is deliberately crashing the economy and the currency in order to reconfigure everything into a neo-feudal system with a majority of utterly dependent plebs fed through totally controlled govt digital coins, is sounding less and less implausible.
If you go pages 6 and 7 of the “absolute zero” report https://scote3.files.wordpress.com/2020/06/absolute-zero-digital-280120-v2-uk-fires-report.pdf
you’ll see in a delightful graph showing how at least according to one “respectable” scenario of the build back better perestroika, from 2030 onward flights are supposed to stop, airports to close, international shipping to stop, building of new housing must stop, making new metals must stop.
Then, after 20-30 years of this cyberpunk medieval stagnation, once Cthulhu has been appeased, new sci-fi tech will take over, and survivors will be flying hither and yon with their antigravity belts.
China and Russia can survive this, if their elites are non-traitorous, the leaders–capable, their economies–fused, their new currencies–based on intra-union mechanisms, mostly shielded from the “controlled landing into feudalist digital pharma-gulag” of the western elites.
A compelling case can be made that the underperformance of gold in recent years is because Bitcoin is replacing gold as a more secure and transferrable store of value.
So slowly accumulating and hodling Bitcoin, Cardano ADA, and a fraction in silver. Some negative talk about Cardano in the comments here recently, but I am still cautiously optimistic with Cardano’s focus now shifting to scaleability and Hydra now that smart contracts have launched. After Scaleability, then the roadmap is Governance. Then we’ll really see if Cardano really transitions to being a Sovereign Corporation, or if Hoskinson is just talking the talk. There can only be One, but too early to predict if it will be Bitcoin or Cardano, or some other crypto..
Did people like Warren Jeffs take The Shot, or will the polygamists survive?
Majority of Mormon Fundamentalists oppose the vax, as do a lot of mainstream LDS that are far enough right wing. Sadly the First Presidency of the LDS Church strongly urges the vax, but fortunately on the ground the hesitant are still hesitant. I’ve heard there are a few local leaders of congregations in Utah and surrounding states who have “received their own revelation” not to do the vax and so are in rebellion against the FP order.
> Silver, these days, is an industrial metal. In the long depression, it was spontaneously demonetized, because people used banks and banknotes for small transactions, and it has been steadily demonetizing further and further. In a hyperfinflation, it might remonetize for transactions of moderate size, but I don’t think so. Crypto currency renders it irrelevant.
I don’t expect it to become super important as a currency any time soon so long as the internet and basic infrastructure exists.
However, as you said, silver is an industrial metal, far more so than gold.
That means its stock-to-flow ratio is far worse than gold, or better depending on how you look at it.
Gold has little chance of being very volatile (in terms of purchasing power) for that reason, but silver could skyrocket in value relatively quickly. The reserves are that much smaller.
My net worth is almost entirely in cryptocurrencies, some 5% of it is in stablecoins pegged to the US dollar, to ensure I am able to buy a dip on the one hand, and that in the case of a market downturn I can buy real things without needing to sell cryptocurrencies at a lower price. It’s enough to pay a single man’s living expenses for a year.
That said, the crypto market works in cycles. So I am planning on selling most of it at the top of this cycle, but I don’t want to sell all of it, nor keep the profits in fiat.
Currently I am considering what to buy and silver seems like a good play, because the charts and the big picture make it look like it is quite cheap, and could gain a lot of value in the coming years.
Being Silver, it’s also not likely to become completely worthless.
A stock market crash would not wipe out silver, at least in the longer term, neither would inflation.
There are some silver ETFs that seem trustworthy, I could divide my capital between different ones located in different countries.
I also intend to buy some 10 grand worth of physical silver as a safety of last resort.
Physical metals however cannot pass through airports or be carried around safely and easily, and they can still be confiscated, also they can be stolen at any time with no recourse possible.
But they can be buried in your backyard, and used as currency if technology collapses. They can also be exchanged without any trace being left, and their value will likely never disappear entirely.
Though, some dark images come to mind. During the period of the collapse of the Roman Empire, many commoners would bury all their gold in their field somewhere, and strangely never manage to come back to collect it, and we are still finding some of it over a thousand years later.
I’ve been invested in crypto for five years, and have followed it for nine years.
I never ended up cashing out my investment, and back in 2018 a lot of my money got wiped out in the “bear market” that followed. Because I got in early, I was not at a loss in absolute terms, but some 80% of my money was gone, and while timing the market exactly is not possible, I had plenty of time and chances to divest then while getting out 70-80% of my all time high value. I didn’t simply because I was delusional. Still, while most of my investments from then evaporated, I was able to salvage enough and put it into better cryptocurrencies, such that my current portfolio dwarfs my portfolio from 2017.
I don’t really want to repeat that experience again, so I will try to divest most of my capital from it as close to the highs I can get, while still keeping a good amount in, my objective is to keep 50-100k$ worth in very large cap cryptos, it all depends on how much money I have by the time we reach the top.
The cashed out money would go to Silver ETFs in part, and perhaps to some very diversified index funds.
I am wary of stocks right now, but you can’t predict when they will crash, and it’s not like all companies will disappear. Meanwhile the profits made along the way can provide me with income.
There are also ETFs that hedge with put options or other strategies. I avoid government bonds.
Once upon a time, the Woodpile Report (RIP) recommended ammunition as a barter option. Small calibers like 0.22 lr would be small coins, and larger rounds like 0.308 W would be larger bills.
Crypto strikes me as a Ponzi scheme. What do you do if the electricity is off or if the government shuts down the internet?
If you think crypto currency is a ponzi scheme, you do not understand crypto currency or ponzi schemes.
What it is, is a bubble. Money is a bubble that never comes down. Even gold is a bubble, since without monetary use, it would be a lot cheaper. But gold is a bubble that has not come down in for at least four thousand years, probably a good deal longer.
If governments ban cryptography, we will do steganography on top of cryptography.
“the internet” is simply fast long distance communication. A government that bans fast long distance communication is going be incapable of defending itself against other predatory governments. When the USG empire collapses, Venezuela and Cuba will be conquered by mobile bandits, who, if rational and competent, will eventually transition to stationary banditry.
In the long run, there can only be one dominant currency. So when multiple currencies are in contention, you have to bet which one will prevail.
Crypto currency is going to prevail over fiat eventually, because of its inherent advantages, and because fiat requires a high trust, trustworthy elite. And one crypto currency is going to prevail over all others.
The resemblance to the Weimar Republic is becoming more and more difficult to not see….
ETA on jimcoin?
Considerably later than I had hoped
C’mon man!
Also: Do we all here get first dibs?
I’ll be keeping tabs and patiently awaiting.
Contributors to the software will get first dibs – and right now it is not even in shape for anyone else to contribute.
At one point you had a bitmessage address listed in your sidebar but it’s gone now. Is using bitmessage and contributing code to it a bad idea?
I said bitmessage, what I had in mind was the PyBitmessage implementation
Using pybitmessage is a very good idea, and contributing code to it is a very good idea. I should be using it, but I deleted the link because I just was not checking it as often as I should.
Every cryptographic project is apt to become NSA infested, but I have no reason to distrust PyBitmessage more than I distrust everything.
I trust libsodium, and I trust ristretto, and everything else has greater or lesser levels of distrust. I have complete confidence that Blake2b is good, and complete confidence that SHA256 is good, but major lack of confidence that the apis and libraries surrounding SHA256 are good. (Except, of course, the libsodium api.)
I trust SSH once one turns off all the suspect cryptographic libraries.
Trusting libsodium, I trust ChaCha20, XChaCha, and XChaCha20-SIV, but I have excellent reason to distrust other people’s implementations of ChaCha20.
In particular, the IETF implementation of ChaCha20 is backdoored, not in the algorithm, which is fine except for edge cases that are in theory highly improbable, unless some code in the implementation is malicious, but in the library and API, which are apt to induce edge cases that are in theory highly improbable, unless one uses them with extreme care as in stepping through an enemy minefield, and also makes it very easy to deeply hide backdoors in code calling the api.
Why is it not worth investing in land and assets in relatively stable countries that do not expect complete anarchy or the Khmer regime? Why not invest in provisions and weapons now in countries that are about to fall into anarchy? Maybe there are some risky (but good) options for using the chaos in your own interests…
Which countries would that be?
And unless you live there, managing such properties would be a nightmare, not to mention there is a risk they will be taken from you once inevitable conflicts between your nation and the other nation start…
If you want to go live in a country that you deem to be safe from the collapse though, maybe that could work. I’m not sure if I am ready for that.
Let’s say XYZ corporation has a share price of $1,000 and a market capitalization of $1 trillion.
Over the weekend, sell orders flood in to brokers / exchanges with no corresponding buy orders. Over the weekend, the stock of XYZ has gone “no bid.”
On Monday morning, the market makers for XYZ open the shares at $750 to attract buy orders for all the sell orders. Shares of XYZ do in fact trade, are bought and sold for $750: Holders of fiat money exchange $750 of fiat for each share of XYZ sold by XYZ holders, who now hold the fiat.
XYZ now has a market capitalization of $750 billion, $250 billion less than the day before.
Q1: What happened to the $250 billion in XYZ’s “value”? Did it go somewhere else or simply vanish into thin air?
Q2: Was any fiat money destroyed when XYZ gapped down Monday morning before any shares traded? Clearly the holders of XYZ are $250 billion poorer. Clearly many houses, cars, and college degrees will not be purchased now due to the sudden loss. But was any actual fiat money destroyed? If yes — $250 billion of fiat was destroyed in the gap-down — how so? If no — no actual fiat was destroyed — what effect, if any, did the loss of $250 billion in market value have on the purchasing power of the outstanding total stock of fiat money?
The value was destroyed because the opinion of the market on the company’s value changed.
Whoever bought shares at the trillion dollar price, bought something that was, in the view of the market, worth 1000$ a share.
In fact, in the minds of the buyer, 1 share was worth more than 1000$, which is why they exchanged 1000$ for one share, since they deemed the shares to be of greater value.
Then that opinion changed, the market decided that 1000$ is worth *more* than a company share, and the company’s shares are now worth 750$.
Nothing has to happen to the supply of fiat money for this loss of value to occur.
It happens in the minds of the people who participate in the market.
Of course, that doesn’t make it arbitrary. That change in mind happens for real fundamental reasons, because of lies they believe, or for some other reason.
It’s simply that 1000$ are now estimated to be worth more than one share, and one share is estimated to be worth less than 750$ by those currently selling it, and over 750$ by those currently buying it.
The purchasing power of the fiat relative to the shares has increased. That doesn’t mean it has increased relative to anything else.
You will not buy more bread with one dollar.
Purchasing power is not strictly defined, but when we speak of purchasing power we generally assume that the prices of different goods that we need to consume are moving up and down together relative to fiat.
Yes, I think that is correct. No actual fiat money is destroyed in the gap-down. The supply of fiat money remains unchanged.
That said, let’s say that every stock onevery stock exchange the world over gaps down 25% on Monday morning. $Gazillions of “value” disappears instantly from brokerage and retirement accounts the world over.
It seems undeniable that people would have a whole heck of a lot less “money,” i.e., potential spending power, to buy stuff, even though in this case, too, the actual supply of money would remain unchanged.
Your mistake is thinking of spending power in terms of “money” not value.
Money is just a tool. Everything can be considered money to some degree, but actual money has the property of being fungible, as well as in the case of legal tender, legally enforced.
What happened is that there is less *value*.
Value was destroyed in the minds of the participants of the market.
Why would this happen? Well maybe they realized this company is actually not very good, and they lied about their earnings, or their earnings came out and they are lower than expected.
You can argue that before this crash, they were overestimating the value of the company.
The people who bet on the value and bought the shares thought it was being underestimated, and the value would rise. It did not, so their assets decreased in value.
Don’t think of it just as a binary of dollars/shares.
You can own assets, and you can exchange them with each other.
The exchange rate depends on the opinions of other people who can trade with you.
If every stock goes down, you can say the stocks went down, or the dollar went up relative to stocks. Same thing.
The exchange rate of the stocks changed.
In reality, you don’t own “less”. You own the same stocks.
Just the exchange rate of them with dollars is worse than before.
Which you would (not incorrectly) interpret as the value of the stocks going down.
Also: the people who sold the stocks for dollars to those that hold them now, have more buying power than before, since their dollars can buy more stocks.
Yes, we’ve established that fiat money is not destroyed when assets priced in fiat, such as stocks, go down in “value,” even if suddenly and sharply.
So when does actual fiat actually get destroyed?
Hyperinflation of course destroys fiat money dead.
But by what other means is fiat destroyed, or retired?
My view is via federal taxation.
There’s an old joke that’s probably truer than funny. If you were to walk into an IRS office in person to pay your federal taxes in cash, the agent would not pass on the cash to the U.S. Treasury but run it through a shredder in a backroom.
Because fedgov does not pay its bills and largess with collected taxes but instead with new credit issuance, when inflation gets out of hand, Congress does a few years of “tax the rich” increases, which the rich and well-connected of course never pay, to reduce the total supply of fiat money.
While hyperinflation may very well be in the near-term cards, I’m looking instead for dramatically higher federal taxes and a rip-roaring $USD rally higher.
When loans are repaid to the Federal Reserve. They are the lender of last resort.
Making loans is like creating money, paying them back to them is like destroying money.
When they increase interest rates, less loans are made, and more are repaid, so fiat contracts.
These days, for some people, more like first resort
Is fiat not also destroyed when loans are defaulted on? There could also be a lot of that in the near future.
Defaults increase the value of surviving fiat currency. China appears to be cheerfully allowing a massive default, which is good news for China.
The US Governments refusal to allow the great Minority Mortgage Meltdown to be followed by massive defaults was very bad news for America.
Not having allowed that default, the US government is likely to bail out anyone sufficiently well connected who is in danger of defaulting, and has been doing so with great regularity.
Massive defaults are looming, because of increasingly irresponsible behavior by the finance sector. The finance sector is increasingly irresponsible, because everyone correctly expects the loom to be followed by the fed opening the money tap, which it reliably and predictably does.
Taxation is above the long term laffer limit. Substantial increase in taxes will be beyond the medium term laffer limit. Trying to tax beyond the laffer limit results in staglation. If the state goes to full bore socialism, it can force the economy to move despite taxation beyond the laffer limit, but the overwhelming organizational problem of socialism will bite.
Our elite is discussing taxation beyond even the short term laffer limit, but there is major lack of consensus on knocking over that applecart, because a lot of them own a lot of them apples. If they try it, it will be in parallel with green socialism and Covid lockdown, because attempts to tax beyond the short term laffer limit fail catastrophically absent socialism. (And have big problems even with socialism)
None of these will result in a US$ rally.
> None of these will result in a US$ rally.
Jim, I will have you know that I have an infallible track record, recorded over a long torturous lifetime, when it comes to money and markets, of being always — 100% of the time — wrong.
Nevertheless, I knows me a cup & handle when I sees one. On Friday, $DXY closed at $93.25. $94 is a lock. I’ll sell three-quarters of my long $USD position, which is already green, if DXY gets to $96 and let the house’s money run if it wants to run higher.
God’s speed.
It helps to think of price as whatever someone is willing to sell you X for (Ask Price), and whatever someone is willing to buy X for from you (Bid Price).
So there are really always at least two distinct prices. The “price” you see on charts is usually the value of the last transaction that happened in the market. Meaning someone bought X from seller Y and seller Y sold X to that someone.
There is nothing else to it in market terms. You understand buy and sell orders so I think you probably got that part.
https://i.imgur.com/zNHxJ1a.jpeg
https://i.imgur.com/fMsthM3.jpeg
Not sure if this has been posted already but things are looking good for St. Kyle.
I did not expect this. The judge seems based.
I find this very surprising, and may have to update my worldview substantially.
It may reflect dissension within the elite as to whether to go open season on right wingers, the way they went open season the KKK – a quarrel between the antifa faction and the Brezhnevian stagnation faction.
Ruby Ridge and Waco was overreach, and I am, surprisingly, seeing persistent reluctance and nervousness in our elite about that overreach. They may fear that it will lead to an insurrection, and they will not have the loyalty of the part of the army that matters.
And when antifa went homicidal, that was overreach. They backed off, to my surprise, from Ruby Ridge and and Waco, and they may well be backing off, to my surprise, from open season by antifa on the broader right.
I’m inclined to believe this is true – and a sign of the almost effortless collapse on many fronts in belief in the übernarrative. Justice might still be possible here and there, with the Here and the There growing in extent, through eye-rolling disdain for nonsense, on all sides.
I pray this man gets the justice he deserves.
The problem with justice “here and there” is that appeals will bring the case to different judges. It cannot last. The appeal courts rule over the courts of first instance, the supreme court rules over the appeal courts.
If you get justice from a judge and his ruling is overturned in appeal, all you achieved is spending more money on attorneys.
The higher up the court, the more the judges toe the party line.
I recently read one of the books from that FBI top hostage negotiator, about persuasion and negotiation.
He goes through the history of how the FBI developed hostage negotiation, and labels those incidents as failures in negotiation, which in his view led to new breakthroughs in how they handle it. It sounded like a load of horseshit to me, but it is interesting that he named them both and essentially blamed the FBI for the failure.
Our elite has made a policy decision to rely on soft power more and abandon hard power. Retreating from Afghanistan and abandoning the South China sea reflects that elite decision.
I don’t think soft power is going to work without hard power backing it.
Abandoning the Afghan airport first and the embassy last was a reflection of that policy decision. It turned out to be a very bad idea.
Antifa with police protection is hard power, and also reflects a distrust of using ordinary cops to enforce violently unpopular laws, a distrust that I have found to be well founded. Antifa is making our elite nervous. They have a well founded fear of a far left creeping coup, which is apt to happen with great regularity in holiness spirals.
In both Ruby Ridge and Waco the feds intended to murder every last man, women and child. Hostage negotiators are trotted out in order to present a FBI man who isn’t a monster so the public had someone to like rather than just hate the child murdering FBI.
FBI and ATF agents raised the ATF flag and took glory pictures of themselves standing in the ashes of the Mount Carmel Compound while the skeleton of a child smoldered in the back ground.
I suspect the judge may change his tune after being visited in the night by a couple of men with bats. I don’t think they have to worry about martyring Kyle. He has been smeared in the media as a mass shooter who went to a BLM protest to hunt leftists, and the normie has probably gotten that message.
But I agree that they are nervous about overreach. The sight of Amerikaners with rifles probably irrationally instills it in them on a primal level, regardless of actual military advantage. Or, they are afraid that the military is only loyal when it is not being ordered to kill American citizens. There may have been subtle communication to that effect from the military itself.
The judge would probably change his tune after being visited, but why bother? The prosecution can simply file an appeal.
There is huge number of judges of first instance. Very difficult to control them all directly. Much easier to control the appeal and supreme courts.
If Kyle is acquitted, that’s it. Appeals are for convictions. What the hell do you think you’re talking about?
Are you sure that the prosecution can’t appeal arguing that the court of first instance applied the law incorrectly? Of course, matters of fact are settled, but Kyle is not denying that he shot the Antifa guys.
There is no “first instance†terminology in US law. If Kyle beats the case then he has beaten Wisconsin state charges. However, the DOJ could then bring federal charges against him. They were basically threatening to do as much to Chauvin if he was found insufficiently guilty of state charges.
Here is an example of a succesful appeal of the prosecution against an acquittal:
Harry Aleman v. Judges of the Criminal Division, Circuit Court of Cook County, Illinois, et al., 138 F.3d 302 (7th Cir. 1998).
At preasent, they are exceptionally rare in the US, but what is anyone going to do when an appeal court says “sure, we are going to hear the prosecution’s appeal against the acquittal and examine whether matters of law have been correctly resolved by the court of first instance”
This looks like a case where the defendant bribed the 1st judge so they tried him again. I suppose they could do that and bring Wisconsin state charges on him a 2nd time for some bogus reason but the problem with that is state judges are just not reliable Cathedralites. The 2nd judge may not be willing to play ball just like the 1st.
The Rodney King precedent seems much more likely for political cases. If Rittenhouse is found not guilty of Wisconsin state charges, like the Rodney King case, the DOJ will just bring trumped up “civil rights” charges against him and stick him in a kangeroo court with a 100% chance of conviction.
trumped up federal “civil rights†charges*
Can the prosecution appeal? In the US, there is no process to appeal an acquittal. Of course, the state can make Kyle’s life a living hell in numerous other ways. But to just try him again on the same charges after an acquittal would involve an open contradiction of long-standing precedent that the cathedral even now would have a hard time pulling off.
I think it’s more likely that men with bats visit this judge and teach him how power works.
My understanding is that the court of appeals can only deal with matters of interpreting the law, not matters of fact.
I’m not sure if an acquittal could be appealed. But it would have to be about interpreting the law.
Matter of fact: Kyle shot the Antifa guys.
Matter of law: Was it selfdefense?
All you goddamned idiot non-Americans confidently making assertions about American law need to shut the fuck up. That lunatic Pooch is the only one who has said anything accurate here, that the feds might try bringing their own case. Acquittals are not appealed. The prosecution does not appeal. Even suggesting such a thing is possible is proof you need to shut the fuck up.
This isn’t a normality bias thing; this is on the same level as Bill de Blasio crowning himself Duke Champlain and waving a sword while ordering the invasion of Kentucky. Anybody who tried it would be escorted off to a quiet place, right quick, bipartisanly. Team Blue and Team Red still agree on that much.
If/when you DO see prosecutors announce they’re going to appeal an acquittal, get your rifle out because things are about to get intensely sporty one way or another. That would amount to an overt declaration that all law of any type, even the pretense of law, has just been tossed in the dustbin.
>Acquittals are not appealed. The prosecution does not appeal. Even suggesting such a thing is possible is proof you need to shut the fuck up.
Your a shill. In the Rodney King case they were Acquitted and the federal government tried them for exactly the same crime again and convicted them. Protections against Jeopardy have been dead for a while now.
Very surprising. Of course a good judge would just dismiss the charges out of hand, there’s no case against Kyle. Every action was obviously in self defense.
It’s not just a surplus of money we’re dealing with but a shortage of labor. Unvaxed labor doesn’t want to come to work because they fear the vax mandate, and vaxed labor still fears Covid because the vax isn’t very effective.
The labor situation would improve dramatically if the government just dropped all vax mandates and told private employers to do the same, but that won’t happen because all communication channels between the people and the government have been cut. If you protest, the government either ignores you or throws you in jail and beats you until your retinas detach. So people don’t protest, they just lie low and wait for the madness to end.
Being around r/antiwork for a while I notice that current labor shortage was never about the vaxx mandate. It was always about absence of motivation and dysfunctional corporate america.
The destruction of dream having family in a house with wife, children, and a garden kills motivation for lots of people. Housing price skyrocket, rent also skyrocket, while food and other basic necessities steadily increase.
For the first time people have the time to reflect their shitty work, shitty life, and admit “I don’t want to slave away for wages that barely pays rent let alone raising family”
In current labor shortage you would think that corporate america will do away with their BS in hiring process. But no they won’t the same ghosting, slow processing, redundant interviews, and severe under-bidding salaries are still the norm.
I honestly don’t know where is the core problem, but government handing easy money to hedge fund to buy up properties and dysfunctionality of corporate america seems like good problem to eliminated first.
I favor the Taliban solution: Remove all women from the workforce. Make them compete *for* men, not with men.
A man will proudly take a hard, dirty, dangerous job if it entitles him to marry a slender young woman and father many children. If all you have to offer him is video games and porn, he’ll get himself an EBT card and a part-time indoor job cleaning hotel rooms or folding sweaters.
Exactly. Could not have put this better myself.
There is no significant reward for working hard, and even aside from the woman question, society does not value your contributions.
You’d be helping people who hate you, and get nothing in return.
I can totally see why a lot of men simply do not care. Just like I can see why you wouldn’t want to marry today.
What’s more is the same thing is happening in China, they call it “laying flat”.
I am just curious..
Will crypto be useful if the state or region you live in loses power over prolonged periods of time?
That is exactly the future that it was designed and created for.
I think he means electrical power.
Pardon me – electrical grid going offline (not government losing power)
Is there a reasonably safe and private way of obtaining ADA? (I’m already aware of some of the avenues for BTC)
Once you have cryptocurrency, there are always avenues to exchange it with other cryptocurrencies without needing KYC.
Trying to obtain a particular altcoin like ADA for cash in a private manner directly would be unnecessarily difficult.
One way to exchange BTC for ADA is to find a centralized cryptocurrency exchange that does not require KYC for crypto deposits or withdrawals. These are getting rarer and rarer but they will always exist, anyone could make such a service.
CoinEx is a small exchange but as far as I know it lets you create an account with just an email, and lets you withdraw and deposit 10k$ worth of crypto per day.
That might work for you. Deposit BTC and withdraw ADA.
A decentralized option would be to go through decentralized exchanges.
You can use RenVM to turn BTC into RenBTC tokens on for example Binance Smart Chain.
Then on Binance Smart Chain you would use PancakeSwap in order to exhchange those tokens for BNB. You can then optionally anonymize these BNB using Tornado.cash.
BNB can be exchanged on PancakeSwap for tokens representing ADA.
Those can then be redeemed for real ADA through the Binance Bridge, but I would check that the ADA network is supported first.
Otherwise you’d be forced to create an account with Binance, which requires KYC.
That said if you only want to speculate on the price of ADA holding BSC tokens representing ADA is fine.
Personal experience suggests that, if for some reason you haven’t already, now would be a good time to stock up on ammo or start learning how to create your own. Prices are going through the roof, stock is constantly low, and I don’t see it getting better any time soon.
There are certain charges laid against your name that you should probably respond to.
Those being what? I already took and passed the shill test on race and women, and I’m able to pass the demon worshiper test despite openly not being a Christian. What else am I alleged to be?
You are a good man Drueger.
I have already been called, “a coward”, “womanish and weird”, “insane”, and so on. I think further explanations from me will just be interpreted as signs of ever greater insanity on my part.
Antagonists of this sort are too crafty to be easily pinned down here and I do not want to burn even more social capital attempting to do so.
Bet on small to medium electrical generators and if you want something really in demand, O2 / N2 liquefaction / distillation machines. (don’t forget the spare parts).
I used to think this way too, that a person ought to have a huge stash of ammo. Then it finally dawned on me one day that if shooting ever actually started anywhere near me, I hope I would be smart enough to get the hell out of that area – preferably well in advance of any shooting. I am not going to be going door to door, using up magazine after magazine in some kind of guerilla war. That kind of thinking comes from watching too many movies.
Yes you need a gun or two and enough ammo to protect yourself from home invasions or to be able to stand up on your store’s roof like the koreans did during the L.A. riots and scare off looters. But you don’t need thousands of rounds tucked away as if you were going to supply a militia.
Gold is the premier wealth reserve asset held by the central banks in the world, and more importantly, the world’s super-producers – people so wealthy and anonymous that you’ll never know who they are, but they reliably buy up every ounce of gold that is produced every year – 2500 tons per year, with the price rising 6-fold since 2000. It has a 5,000 year history of preserving wealth through every kind of difficult human situation conceivable. If it hasn’t happened in the last 5,000 years, it’s unlikely to happen in the next 5,000. Gold has proved itself. Gold’s simplicity and durability is unsurpassed…it is an essentially indestructible element used by the masses of humanity the world over to preserve wealth.
Bitcoin has a 12-year history, marked with fraud, scams, a continued retreat from its original mission of replacing fiat money, and wild swings upwards and downwards in price. It has no clear usefulness except as a speculative medium, something much in demand during times of extremely loose money like now. It has poor durability, and millions of bitcoins have already been permanently lost and more will inevitably continue to be lost as passwords are forgotten, people die, etc. If a person dies and leaves gold hidden, it will eventually be found and usable. (They just found a couple hundred million of gold from an 1850s shipwreck.) If a person dies and their bitcoin password goes with them, it’s gone forever.
Bitcoin was invented by a smart person who was trying to solve a problem that doesn’t actually exist: the need for “hard” money. No country on earth has hard money anymore for a reason: the recognition that fiat money offers governments flexibility that they need and the easy money printing that the public always demands. Hard money is ALWAYS abandoned. We don’t need it, though, because you don’t need to save in a hard currency. Just buy gold. Keep a small part of your savings in fiat currency for near-term expenses. There: you have your very own “hard savings” and you didn’t need the government to do a thing. And you don’t have to rely on the continued existence of a network of computers consuming massive amounts of power.
So there is no real need for bitcoin or crypto-currencies, but because we live in a speculative era of easy money that is on the way to being inflated away in order to destroy the unpayable accumulated debts, highly speculative commodities like cryptocurrencies (and tulips, baseball cards, beanie babies, etc) attract attention, and while they’re going up, the people who bought them feel like geniuses.
Silver is a poor investment. It has no serious monetary use – no central banks hold it in reserve, the super-producers of the world have no interest in it. Only a few hard-money types who are foolish enough to think you should buy it rather than gold because you “get more of it for the money” continue to buy it. It is an industrial commodity at this point, that’s all.
No it is not.
Fort Knox was emptied some considerable time ago.
Because gold is slow, difficult and dangerous to transport, central banks instead traded promises to deliver gold by from Fort Knox.
And then some of them got nervous, and asked for actual delivery. Actual delivery was not forthcoming.
So central banks now find that their gold reserves are of little use, and are running them down.
You cannot do business over distance with gold. So you do business over distance in promises to deliver gold, and there have been too many broken promises.
I know who is buying the gold. It is the regular rich, people who are not particularly anonymous.
From the beginning, gold had the problem that it was unsatisfactory for trade over distance, but no one had a better alternative. Now we do.
The problem of moving gold through airports was originally the problem of moving gold on mule back.
Gold has repeatedly proven itself against government issued money. Crypto currency is inherently superior.
On the contrary, it is pursuing its mission competently and with great success. Crypto currencies in general and Bitcoin in particular are now a major chunk of world financial markets. Crypto currency has been steadily growing as a proportion of total financial flows and reserves, and will continue to grow.
I have never been able to use gold as medium of exchange, never been able to use it to buy something I want. I routinely use bitcoin as a medium of exchange, use it to buy things that I want over distance. Many, many people, every day more such people, are doing the same.
And a good thing too. I project the winning currency to have no mining, and the capacity to deflate forever, for billions of years to come, by adjusting the consensus minimum unit of transaction so that people can make transactions involving ever smaller units of the currency.
Bitcoin’s mining leads to built in inflation. The hardest currency is the one guaranteed to deflate forever. Every time a fiat currency drops in volume because it allows a big financial entity to collapse, more people want that currency. After crypto currency defeats fiat currency, then we get we will get the crypto on crypto wars. The winner will be a crypto currency that has governance dominated by the people that own a lot of it, and such a currency will be administered in a way that leads to built in deflation.
Everyone wants to spend soft money, wants to receive hard money. The hardest money wins. People accept soft money at sword point, because the government makes them, by direct and indirect means, makes them by soft power backed by hard power.
But, more importantly, that was not the problem Satoshi was trying to solve. He was trying to solve the problem of hard money that could be used over distance and time, the problem that gold cannot solve. Payment in promises to deliver gold is soft, and in recent years many people have been hurt by that softness. Satoshi’s program was a direct response to the failure of internet schemes based on promises to deliver gold.
There have been a whole lot bitcoin based scams, but they are insignificant in relation to the Fort Knox scam. A bunch of central banks asked for delivery. They are still waiting.
I can imagine the conversation:
Very unimportant minion: “We have a problem. Germany wants their gold”
Boss: “Why is that a problem?”
Very unimportant minion: “There is not any”
Boss: “What do you mean there is not any?”
Very unimportant minion: “There is not any.”
Boss: “There is now.”
Boss writes “One trillion tons of gold” on a piece of paper.
Very unimportant minion: “They want physical gold.”
Boss: “What is physical gold?”
The advantage of soft money over gold is that they always fulfill their promises – by turning on the printing press. Which is ultimately a defection by other means.
Your main error, as I see it, is your insistence on the need for hard money – the need to “use hard money over distance and time.” Hard money is not needed. There is no purpose served by hard money except for savings, and you don’t need to save in money. You can save in things, and gold is the universal focal point wealth savings asset. It is wonderfully usable across time – the gold from 1850 and 1850 BC is still used for saving – and there is very little need to transport it over distance.
Crypto will not defeat fiat, because governments want fiat, and the people insist on it. Governments don’t want hard money. They won’t accept the limitations of hard money. Governments are not going to give up the power of issuing their own fiat and adopt bitcoin or any other private crypto. You yourself have acknowledged what you called the blood diamond problem: the ability of governments to demonize something like diamonds – or crypto – and seriously inhibit its usefulness. The men with the guns – the government – can do pretty much what they want. That is another thing you are missing: that there is no substitute for being the ones in control of the men with guns. It is a fantasy if you think you can work around them with crypto and thumb your nose at them. They have multiple ways of shutting it down any time they want. They have no need or desire to shut down the use of gold for wealth, because for one thing, they themselves undoubtedly use it for saving as do the rest of the super rich in the world.
Fiat is a wonderful innovation. It works beautifully. There is a fine set of transmission mechanisms for sending it quickly and inexpensively around the world. Once the current anomalous situation of the world using the dollar as an international reserve currency ends – and that is well overdue – the dollar will be just one fiat currency among many in the world, all of them floating in price against one another, and all of them freely exchangeable in and out of gold.
There will be little need to move gold once the current, rapidly decaying, international monetary system based on dollars as an international reserve currency ends. The fluctuations in price of the fiat currencies against one another will do the job of balancing out trade.
Crypto is a variety of utopianism. Utopians think they’re going to perfect the world through some new movement, but invariably end up ignoring basic realities about human nature that end up undermining their vision. The basic reality you are missing is that societies insist on fiat currency. They want their governments to print a certain amount of money rather than taxing the public for all the goods they demand. There is a subset of the population though, the more productive, hard-working, saving types, who don’t want things run that way, but they are eventually outvoted by those who want a free lunch. Fortunately, as I said, we savers don’t have to save in fiat. We can save in gold, and tuck it quietly away, with the need of hard wallets, passwords, or anything else.
If by some mechanism I cannot imagine, governments actually began using private crypto (I am not talking in these comments about government-issued crypto, which is very likely to happen), all the same old hard money problems would begin arising, all the same constraints, the deflations, the long depressions, and the people would rise up and demand that fiat be issued once again. It’s why every country on earth has fiat currency and no country on earth has hard money. Fiat is good! Fiat frees savers from having their savings confiscated as Roosevelt did in 1933 when the US went from hard money to fiat (for US citizens).
Yes, the “paper gold” era is coming to and end. And with it, the price of physical gold will skyrocket. There is some multi-hundred multiple of paper gold promises to physical gold. So there is likely to be a almost unbelievable one-time repricing of physical gold.
I don’t buy theories about an empty Fort Knox though. You’d need to show some credible evidence for me to believe that. Simply asserting it isn’t enough.
The world of physical gold trading is very opaque. That’s how 2,500 tons of new gold is quietly snapped up every year – demonstrating an apparently unlimited demand for gold.
Central banks are not getting rid of gold reserves. “The number of respondents who will increase their own gold holdings has climbed to 21%, compared to 20% last year. No central bank is planning to decrease its gold reserves, a decline from 4% in last year’s survey. ” (from https://www.gold.org/goldhub/data/2021-central-bank-gold-reserve-survey)
A couple more points, from reading your response again:
* You wrote “I know who is buying gold. It’s the regular rich.” How in the world would you know who is buying gold? This is delusion.
* You wrote “You cannot do business over distance with gold. So you do business over distance in promises to deliver gold…” No, you do business over distance with fiat. It’s what’s done every day, all over the world, and it works.
* You wrote “I have never been able to use gold as medium of exchange, never been able to use it to buy something I want. I routinely use bitcoin as a medium of exchange, use it to buy things that I want over distance.” I never use gold as a medium of exchange, because I use fiat for that. I use gold as a medium for saving. Also, I have never needed to move gold anywhere even once in my life, except to take it to and from a coin shop when I buy or sell it. Gold serves its purpose best when it is lying still, quiet, private, perfectly anonymous, and preserving wealth.
If all rich people act like rich people I know, this sufficiently explains demand for gold.
I do that, and it does not work.
It used to be that you did business over distance with your local fiat, and the intermediary banks transformed it into other guy’s local fiat by transferring promises to deliver gold from one bank to another..
With this underpinning having fallen down, we are getting problems performing international transactions, which problems have bitten me and random ordinary friends and friends of friends often enough.
The world moved from a gold standard to a dollar standard, which worked well enough so long as the US was politically and economically dominant and managed its currency with tolerable competence and efficiency. It is no longer working.
If you are buying gold as a medium of saving, you are buying it as a hedge against hyperinflation and collapse of the financial system.
If the financial system collapses, people are going to need a form of money that they can use to buy stuff and sell stuff. Your gold will not work if fiat stops working.
In a hyperinflation, people use gold to buy stuff locally, but movement of goods over distance remains a problem, since whenever goods move in one direction, money has to move in the other direction. In a collapse of the US dollar, movement of goods over national boundaries is going to be a problem.
The paper gold era came to an end quite some time ago, and, possibly because of competition from bitcoin, the price of gold failed to skyrocket.
The inability of the US to make deliveries is not evidence?
>I don’t buy theories about an empty Fort Knox though.
It’s not necessarily “empty”, rather imagine a crooked manager of a trust fund who has fifty plates spinning at the same time by using the fund money, and if you pop in for a random audit, 90% of the trust fund will be elsewhere, or “temporarily owned by others”, but in theory still be “there”, at least according to the crooked manager.
I think the last unofficial audit of Knox happened in the 1980s? And the last official one in the 1950s?
In 2009 China got 70 tons of gold from the London exchange, but just like the Japs test foreign vaccines before using them, the Chinks test foreign gold, and the 70 tons with US Federal Reserve markings on them turned out to be wolfram (tungsten) bars painted over.
The Brits tried to pretend that the Chinks did a switch, but then backed down and the whole thing was decided behind closed doors.
https://ria.ru/20190216/1550922430.html
The markings of the fake gold bars pointed to the presidency of Bill Clinton https://pikabu.ru/story/amerikanskie_mulyazhi_dlya_kitaya_2743492
When Germany got part of its supply from the US (after the 2008/9 crash lots of countries started trying to do that, Germany begun the procedure in 2013), after lots of delays they only got part of the gold, and different nuggets, i.e. “equivalent gold” and opposed to “the original deposited physical gold”.
According to Russian experts quoting Chinese experts, circa 2020 Germany asked for an audit of Knox reserves and got turned down flat
https://politros.com/218675-baijiahao-ssha-iz-za-rossii-prishlos-opravdyvatsya-naschet-sudby-nemeckogo-zolota
Also, in an adjacent category, the CIA “real president of Venezuela” is why London isn’t giving Venezuela its gold–because “it’s not clear who the legitimate govt is”.
The gold being allegedly kept in Manhattan banks is also increasingly “Schrodinger’s Gold”
https://www.kp.ru/daily/26515.7/3425856/
The Krauts tried an audit there and it didn’t really work out. There’s an opinion that a lot of physical gold got used up in CIA and FBI operations, which the related documentation tragically lost in all these falling buildings in 2001 when some people did something.
In the sense of the “kindly manager of the trust fund” gradually becoming less and less careful about his games, and at one point a lot of the trust fund suddenly not being easy to recover.
Any time goods move in one direction, money has to move in the other direction. Gold does not cut it. Promises to deliver gold can cut it, but you need some trusted and trustworthy person or group with a lot of gold, and the power to defend that gold, as for example the knights templar. We have a long history of promises to deliver gold not working, which is how we wound up with fiat.
And now, far too much fiat can be delivered far too easily.
You are relying on the social underpinnings that are falling apart before your eyes. Your gold is for a crisis, and in a crisis you will not be able to sell gold for fiat, and buy stuff with that fiat. The shopkeeper will not take your gold, because the warehouse is far away, and he cannot use the gold to restock. He would have to go to the warehouse with the gold, and on the way a cop would probably tell him he has no right to be carrying a substantial amount of gold across interstate lines or some such, and take his gold.
You are also arguing for the continuation of the political and financial system whose failure gold is a hedge against, arguing that it will and should continue, that the people demanded it. They were manipulated into demanding it, and then got what they demanded good and hard.
It should not continue, and it will not. If gold is valuable, it is because people do not trust that system, the system you intend to rely on to spend your gold, and are rapidly discovering more reasons to distrust it.
“Your gold is for a crisis, and in a crisis you will not be able to sell gold for fiat, and buy stuff with that fiat.”
Gold is not for use in the middle of a crisis. Gold disappears deep into hiding places during the crisis. Gold is for getting your wealth from one side of the crisis to the other. Once things settle down again, you can begin to sell some of it to raise capital again. You need to have done some stockpiling of necessary supplies for use during the height of the crisis itself. It’s especially good if you have a plot of land in the countryside where you can raise a little food for yourself. If the Weimar hyperinflation is a guide, the really serious fiat-is-worthless phase was only a few months in the fall of 1923, during which people did some bartering with farmers using their relatively useless luxury items like grand pianos.
If gold were really useless during hyperinflations, it would have stopped being used worldwide sometime in the last 5,000 years. In fact, it has protected people’s wealth during every kind of economic and social catastrophe humans have experienced. To think that somehow things are different now, in the US, strikes me as wishful thinking by folks like average Americans who are ignorant of gold because of the historical fluke of the dollar becoming an international reserve currency, or tech-literate younger people who think they have the world by the tail because they understand the latest computer science and anything older than 2009 couldn’t possibly be of use.
I highly respect your insight on many things, Jim, and have been reading your site for many years now. But you appear to have a bunch of impressionable younger people here who are, in some cases, betting entirely on crypto, and you are encouraging that by saying gold will become worthless. You are setting them up for an experience like that 18 year old who made the TikTok of himself crying because he lost his $100,000 college fund on GameStop stock.
At the very least people should be diversifying. Put at least 5% of your wealth into physical gold, even if you are going to speculate on crypto with the rest.
Or if you have crypto currency, you can just leave. Lot of Venezuelans around.
During the Weimar hyperinflation, people went out in person to transact with the peasants, because trade over distance collapsed. That really was not a satisfactory solution.
Government after government has debased its metallic currency, and it worked for a while – starting with the Athenian and Roman inflations. And then the Chinese, having improved their printing capability, invented paper currency.
What happened is that people kept reverting to gold. Now they have something better, something good enough that it can compete with fiat without waiting for a collapse.
We are already advancing to crypto. People will be using crypto during the next collapse, because they already are. Venezuelans are not going gold.
“Venezuelans are not going gold.”
Another bald assertion without support. How do you know that?
The time to “go to gold” is not in the middle of the hyperinflation crisis. It’s beforehand.
Venezuelans are trying to get basic sustenance. At this point there’s isn’t enough money for the average Venezuelan to think about saving, period. It’s survival mode.
Everyone has to have money. What are venezuelans transacting in?
In previous similar crises, they transacted in gold. Not in this crisis.
Contemporary occidental financial administration is punitive to saving, cooperation, and general conduct of productive enterprises. In a just civilization this would of course not be a problem; since we happen to not be subject to a just civilization, cryptographic exchange protocols are conjured up to fill the vacuum of a need, that need being the value and necessity of doing end runs around systems occupied by people who at the least desire to suck all your capital dry, oft more broadly hate the idea of productive value creation in general, and more particularly hate you and want you to die.
If people love fiat so much, and don’t like gold, who is going to buy your gold after fiat becomes this miracle technology that somehow has none of the problems it has right now? Other like-minded savers? Seems highly speculative to me, even moreso than crypto, where as Jim mentioned, people are actually engaging in transactions.
Can Crypto function offline?
No.
But it can, and routinely does, do everything that gold can do offline.
Anonymous Conservative is down, redirecting to an admin page – maybe nothing, but there have been hints something big coming, perhaps taking down the internet, or portions of it. (Which is why crypto is useless if the shit really hits the fan.)
Indications that the Chinese are losing it, threatening to nuke Australia, Evergrande default taking financial system down, ports nearest Taiwan closed for supposed quarantine (maybe invasion). Space war + thousands of Starlink sats = Kessler syndrome, space cut off for years.
Maybe I’m just feeling twitchy, but stay alert.
France just said it’ll be sabotaging the EU free trade agreement negotiations with Australia. Ireland, Holland, and Sweden are like “chill, froggies”, while Germany is like “I get it, I get it”.
Probably because the first three countries are more “traders” while Fr and Gr look at it from a “producer” POV.
Evergrande is a second big test for Beijing after Covid 19. Everyone expected China to fuck up, and the West to handle it with ease, initially. Not what happened, but this was a test of administrative infrastructure and political will.
Now the Evergrande thing is a stress test for the economic infrastructure and professionalism levels.
If Beijing manages to handle it successfully, then only the military performance stress test remains, the way I see it.
I predict that people who have claims against Evergrande’s physical properties will simply get their properties – probably in an unsatisfactory state.
The rest will be burned, especially those that invested in Evergrande’s promises to make lots of money delivering those physical properties, and everyone then gets on with their life.
The fact that we ever heard of Evergrande difficulties indicates that Being is handling the situation professionally. They already made the decision not to quitely bail Evergrande out
Wasn’t this whole crisis caused by Xi’s commie “common prosperity” BS.
Xi is a commie troublemaker, he’s like the Woodrow Wilson of the 21st century. Why didn’t we get a Metternich?
The ultimate causes of this are the unrealistic growth quotas set by Beijing on their local governments, and the lack of social trust that is caused by and results in widespread corruption throughout China.
Though one could also just say that the cause is that their country is still founded on leftist morality at the core, and even though that was pushed aside for a while, it is being revived.
“Though one could also just say that the cause is that their country is still founded on leftist morality at the core, and even though that was pushed aside for a while, it is being revived.”
By one stupid asshole leader who ratted out his parents as a kid…
The same one who orchestrated the meme flu hysteria to do many things but among them he did it to help the Democrats.
Leftism can mean different things in different places, just like Marxism.
For example, per classical Marxist dogma, a society first moves from pre-modernity to industrial capitalism, once that peaks it moves to socialism, and once that peaks it moves to communism–in the original sense of libertarianism without capitalism–no state institutions, just free citizens being all free and all citizeny.
(Obligatory reminder that Ayn Rand is Soviet Jew Alisa Rosenbaum)
When the Russian Empire went through a civilizational phase barrier, Lenin devised a “leninist doctrine” to apply to Russia. Since going from the shitstorm them into proper capitalism, then proper socialism etc would take a century, Lenin decided to use as a social fundament the “sobornost” philosophy of Russian peasants. The land in Russia mostly isn’t fertile enough to feed individual farmers, not with old timey tech back then, so in order to survive Russian peasants had evolved a communal system of working together and then dividing the results.
Lenin used this pre-modern peasant proto-communism as a basis onto which to graft the system of “democratic councils” (sovyets, hence union of council-based republics), and on top of that to graft an army-barrack command structure with artificial modernization, which was then dialed up to 11 by Stalin. An attempt to “cheat history by missing some stages” in the Marxist sense.
Then after WWII they gradually started turning the army barrack war communism into “socialism proper”. It more or less worked from circa 1960 to circa 1980.
At the same time that Lenin was mulling how to adapt classical Marxism to a mostly pre-modern and collapsing Russia, Karl Kautsky put forward an alternative hypothesis to Marx’s. Per Marx once the world’s imperialist powers reach a certain ceiling, they will either turn on each other, or a systemic collapse on another sort will happen, and that’s when socialism comes in as the next stage.
Kautsky hypothesized that there’s another version of the future, in which the powers of world finance instead try to fuse into a global planetary cartel that maintains a self-perpetuating equilibrium and feeds off the planet forever. He dubbed it “ultra-imperialism”. Lenin disagreed and called Kautsky a “renegade”.
(Some might say they that a century later they did indeed try to pull this off under Obama but got cockblocked at the last moment by a provincial parliament in Wallonia, and then Trump derailed it for another crucial 4 years, and their only play left was the current dystopian Perestroika build back better zero carbon thing)
From this point of view, China is doing the classical Marxist thing which the Russians didn’t have the opportunity to do and instead improvised. China did a brutal “clean slate” cleansing, then went for primitive 19th-style century industrial capitalism, then reached peak modern capitalism, and then it was time to either stop there and chill, or to keep going toward the “next historical stage”–i.e. socialism.
Chairman Xi, at least publicly, appears to be doing this–forcing the current Chinese peak capitalism to begin a shift toward “socialism with Chinese characteristics” for reals.
Broadly speaking, after WWII to long-game scenarios got kicked off. One by the small-hatted “cultural Marxists” in the West, and one by the slit-eyed “classical Marxists” in China.
(Russia doesn’t count, their was desperate improvisations from one second to the next, and the moment they got a chance to get a breather they instantly chose quiet stagnation)
(The kike cultural dismantlers are in a sense descendants of the Trotskyists ran out of Russia by Stalin. The rightwing of globohomo–the neocons–are literally Jewish Trotskyists who “saw the light” and took over that wing from the inside. Like other Jews who “saw the light” took over US protestantism after WWII, turning it into fervently Zionist evangelism)
Today we are seeing the culmination of a number of long-term plays: the one by the tikkun olam dismantlers of the West, the one by the post-Confucian classical marxists of the East, and the overall ultraimperialist globohomo stage of Kautsky, after getting derailed by Trump, jumping into a sci-fi digital gulag pharma-fascist parody of itself.
With Russia, such being its historical fate, continuing to improvise from one moment to the next.
“Leftism can mean different things in different places, just like Marxism.”
Variations in the same demonic scheme of theft under idiotic rhetoric of equality. Lenin was just short of being a Pol Pot style lunatic the semi sane commie was Stalin and his sanity was most clearly expressed in eliminating 95% of his fellows, Xi’s trying to revive leftism is stupid 19th century style capitalism should be maintained as the economic system with extremely brutal suppression of anyone who disagrees.
Indians really should not talk about what kikes did since Indians are like all the worst traits of jews with none of their good traits.
An excellent impression of a grouchy retired sergeant major in 1960s Malaysia.
Sort of late Anthony Burgess meets early John le Carre.
This is commie propaganda. Farming was not collective, because Lord was in charge, and could have the peasants whipped.
Alexander the liberator decided to make it collective. Thus usual problems ensued, an undending and ever worsening crisis with government and quasi government entities unsuccessfully taking over the role of landlord.
Similarly the major reason for the enclosure of the commons was that the peasants wanted to enclose the commons, usually because Lord was failing to adequately enforce the rules against abusing it.
Agricultural collectivization has always been a fantasy by urban intellectuals who hate peasants, hate farmers, and particularly hate farmer’s dogs.
I’ll have to read up more on Alexander the liberator and Stolypin.
I detect a little communism…
Before World War I, Russia was the world’s leading exporter of grain, accounting for 40% of total output. Given the differences between Progressive and Russian accounts of pre-revolutionary Russia one would think of them as two different countries.
More honest Cathedral sources confirm this data. According to M.E. Falkus, historian at the London School of Economics, Russian grain exports between 1861 and 1914 “rarely accounted for less than one quarter for the total, and usually provided nearer one third;†in particular, Russian wheat production accounted for 39 percent of world grain exports from 1900-1910.[1]
[1]: Falkus, M. E. “Russia and the International Wheat Trade, 1861-1914.†Economica 33, no. 132 (1966): 416–29. https://doi.org/10.2307/2552721.
As Russia strangely failed to overtake America, despite its vastly superior economic system, Czarist Russia became every year retroactively poorer and more backward.
Welp, Lenin found a way to validate his “modified Marxism”. The bullshit vs fact ratio analysis probably needs effort and time I can’t put in right now.
A few years back I’d have automatically assumed 100% of anything a commie says is a lie. However, back then I also believed that globohomo was mostly truthful and benign. Today on the one hand I’m skeptical of all and any sources, but on the other hand am also more ready to concede even the tiniest percentage of truth or reality, if such exists. Truth and reality turned out to be so rare, that no source can be trusted immediately, but also no source can be thrown out just like that either. You never know were a crumb of reality may be hiding.
But I’d caution people to be just as skeptical toward Tsarist Russia’s approach to its plebs, as with Bolshevik Russia.
The Tsarist system was perfectly capable of exporting grain even if half the peasants were starving from famine, just like the Bolsheviks were perfectly capable of trying to dazzle the world with this or that tech achievement, even as the population still lived in communal shitholesn and wiped their bums with Pravda for lack of toilet paper.
Jim, thanks for the pdf!
No it was not capable of that. Perhaps it was morally capable, but it was organizationally incapable of doing that. It is something that is quite difficult to accomplish. Most land was owned by the peasants, and taxes were not all that high by modern standards. If nearly half the harvest was exported, that means the peasants were choosing to buy goods with the surplus grain.
Exporting a large proportion of the grain while the peasants starved requires a command economy, taxing beyond the laffer limit. The Tsarist system was incapable of doing that.
There is a presupposition here that the Tsar can simply make anything happen he wants, or the Capitalist can simply make anything happen he wants. Thing just don’t work that way. It is just hard to make large numbers of people obey your will.
Even if the ruler has complete authority to kill anyone he feels like, and take anything he wants, he is apt to find that taking everything is organizationally difficult, and a system of more regular and predictable exactions is likely to produce more revenue. The laffer curve peaks at a quite low level of taxation.
A government can take everything once, but when it comes back next year, will find stuff has not been replaced. Which does not stop governments from trying it from time to time.
The Tsarist government was rapidly expanding the railway system. Which meant more city goods moving to the countryside, more rural goods moving to the city, more stuff imported from overseas, and more stuff exported to overseas. This was exchange, not extortion. Tsarist Russia was market economy not a command economy, thus export of substantial agricultural surplus was necessarily peasants eating a smaller proportion of their grain production, because they liked to buy things produced far away, such as equipment that would enable them to grow more grain.
If you read contemporary sources, they argue that the evil capitalist is taking the peasant’s grain and forcing starvation upon the peasant. How is the evil capitalist taking it? He is taking it by offering peasants money for their grain.
While understandable as to why someone living today would think this, one must understand the differences between modern and pre-modern agriculture.
No pesticides meant grain production varied by year.[1] The relevant graph is hidden under Jstor copyright. I have private access to Jstor content, but the public does not.
As such 40% is only an average. Average Russian wheat exports from 1891-1900 accounted for only 18.5% of the total [1] as Russia was forced to acquire food from abroad as a result of the 1891-92 famine.[2]
There is plenty of information in the linked document, but I only quoted data from the first page out of courtesy.
[1] ibid.
[2] Wikipedia (because I can’t be bothered): https://en.wikipedia.org/wiki/Russian_famine_of_1891%E2%80%931892#Relief_efforts
“No pesticides meant grain production varied by year.”
Predators like Ducks kept pests well under control.
Various insects also have predators which prey on them.
Organic farming is delicious but expensive and inefficient. Crops today receive stronger chemical pesticides and can be genetically modified to be more weather resistant. If a major weather event happens today, no one starves. If a major weather event happened a century ago, famine.
“and the lack of social trust that is caused by and results in widespread corruption throughout China.”
In Honor and Shame culture. If no one else finds out or sees then its not morally wrong.
China is still a Honor and shame culture. Hence the emphasis on “Face”.
One of the reasons that contribute to high-trust in Western Europe aside from the extermination of criminals is the notion of Divine Omniscience which comes packaged with Christianity.
Nothing escapes God’s gaze. No one escapes evaluation by God.
This is the basis for the transformation of shame to guilt culture in Europe over centuries.
And of course that is combined with the supernatural work of God via the Holy Spirit.
The lack of social trust in China is different in detail, but similar in substance and character to the lack of social trust in all postcommunist countries.
They have been getting better over time as a result of capitalism, and China is getting better over time as a result of capitalism, which which reputation is one’s primary asset, because of the necessity of transactions extending over time.
The problem with all postcommunist countries is that to the extent that Stalin model socialism worked, it worked by capitalism conducted by mafias and small traders. The small traders were semi legalized but continually overstepped the vague and arbitrary bounds of smallness, becoming criminals.
The mafias were a potential threat to the regime, being large organized groups with money, weapons, discipline and cohesion, requiring the official propaganda position to be that they were wicked people doing purely predatory things, but weak, ineffectual, and ridiculous, not very frightening at all, and therefore not requiring any excessively effectual repression.
Thus, when the post communist countries switched to capitalism, the capitalists continued to do business in a criminal fashion, doing a lot of what they had been doing as criminals. Bribery and physical intimidation continued to be part of doing business and corporate cohesion.
“taking down the internet, or portions of it. (Which is why crypto is useless if the shit really hits the fan.)”
Crypto is useless against a ruthless and competent state.
The crypto value proposition is based on belief in a ruthless and incompetent state.
Dont worry they will very competent when it comes fucking with you.
Only if you personally are a high level priority.
Are you forgetting the kulaks?
They are not capable of being both ruthless and competent against large numbers of people, not with a bunch of women and NAMs larping in doing jobs they can’t actually do.
If all the world powers disappeared today the Afrikaners would take over South Africa tomorrow.
Yes they can. They have numbers, religion and enough men with enough cohesion and importing plenty of auxiliary.
Yes if the world powers disappeared today the afrikaners would stop fighting agaisnt other whites and only fight agaisnt blacks. In that scenario they have a very good change of winning in the long run.
Good chance of winning? They have a 100% chance of winning. The blacks are likely unable to feed themselves, let alone field an army.
>Good chance of winning? They have a 100% chance of winning. The blacks are likely unable to feed themselves, let alone field an army.
Only God knows the day of tomorrow. Lets not forget that white armies have been defeated by the african spear throwers. Even if rare and weird occurrences they have may been.
Not to my knowledge. Even the battle Isandlwana was lost due to the troops running out of Ammo and poor leadership and it was against the best army any black group has ever produced. They simply didn’t have enough bullets to for each solider to kill 25 people. Nothing as disciplined as the Zulus army exists today in niggerland.
The Zulus actually still exist as a tribe today with a king and everything. But even if they can recreate their fighting cohesion and discipline of the 19th century, I reckon the ole spearchuckers would have a tough go at it with modern semi-auto rifles.
with modern semi-auto rifles.*
“Good chance of winning? They have a 100% chance of winning. The blacks are likely unable to feed themselves, let alone field an army.”
For all their weakness they still dominate South Africa right now.
Nah, blacks do not dominate South Africa.
The USG dominates South Africa and blacks are their pets.
The Soviet Union was not decaying when it was killing kulaks.
There was a leftist singularity that was stopped, but the state continued for another 40+ years.
Yes it was decaying. It start decaying from the very first second.
If it survived for half a century after then no, it was not falling in power and ability to enforce the law as quickly as the United States is now.
If the US still exists 20 years from now, and it has continued to go down this path, it will have lost the ability to organize large scale violence.
I would say it would already be hard for them to kill kulaks,
especially with how demoralized and incompetent their military is now. And in five years it will be worse.
It’s already substantially more difficult now than it was one year ago.
It wasn’t surviving, as much as artificially propped up by their fellow travelers in the International Community, chief amongst them being the united states government.
Only if you are a top target. Most of the time they are wonderfully incompetent and inefficient.
Who is they? The lady in your apartment that calls the secret police? The guy that hates you because your life is going better than is? The blue hair girl that calls the mob? The girl that call you a witch?
Yes no system is perfect and they cant hunt everyone but doesnt mean they arent good enough
For a while in Soviet Russia children would report their parents to the police if they were upset with them for some reason as kids tend to be. Eventually the one such child that reported his parents was found beaten to death and tossed down a mine shaft. It was the Grandfather of the boy who murdered him.
Normal Familia deterrence generally resumed with normal people. The people who couldn’t be touched were the people in power who endless abused that power.
Yes and that is why the family was and is target with great efficiency as we all can see. Few in the west have anything that could be call a family.
>The people who couldn’t be touched were the people in power who endless abused that power.
Hardly true. Those in power will protect their clients as much as it is convenient and an attack on one of the faithful by an heretic is an attack against the high priests and they were already looking for an excuse.
For crypto i need electricity and internet two things i am not sure i will have much of.
Monero has been buried way down the list of “cryptocurrencies” by an influx of ponzis that are good at attracting hype and manipulating their market cap. The most common thing people say about Monero is “yeah monero is good for using but it’s not a good investment”. In the inevitable scenario that everyone needs an alternative money for using, Monero is number 1. It is certainly a good investment in that case.
Speaking of offline backups of irreplaceable information products:
The “full site backup” here is useless to non-webmasters.
Could you somehow “wget yourself” and put up a flat file archive somehow?
Even better:
Could you rig up a dedicated “TOC” page that’s a flat list of ALL your post titles, in chronological order, each with a date and a link to its own single-post page? Then anyone could do a 1-or-2-level recursive wget of just that and boom, done.
Think of someone in the year 3000 on his air-gapped solar-powered Amiga. A fellow Fremen hands him a CD or thumb drive. Can he do it?
Grumpus the back-up already has the buffy the vampire slayer lewd cartoons I don’t understand what more you want.
Use WebHTTrack on linux, WinHTTrack on windows.
Theoretically and practically, one cryptocurrency ought to be more exchangeable than all other cryptocurrencies; theoretically but maybe not practically, cryptocurrency should be more exchangeable than anything else for all transactions. If one currency is more exchangeable than others for all transactions, then it ought to be the One, but if some currencies are more exchangeable than others in certain transactions, the exchange rate between the two would be determined by the relative ease of exchange of one over the other in such particular instances, and the magnitude or transaction value of those particular instances.
I think there are plenty transactions where bullion will be more exchangeable than cryptocurrency absent state-sponsored trust. There is a much higher IQ floor to use cryptocurrency trustlessly than gold bullion coins. Even using gold bullion coins has an IQ floor, maybe of 90 or 95 as opposed to 120 or 125 for cryptocurrency — and that 120 or 125 is probably higher until it is widely used enough that people can empirically verify for themselves various properties which are relevant.
A teamonger in India does not really know the enumerated properties of noble metals. But in practice he can probably intuit that the knowledge of validating gold is broadly known and can be done cheaply enough. Knows intuitively the various means of defecting with gold bullion coins, like shaving etc. Can rely on fact that in transacting with many people more sophisticated than himself, fraudulent and defecting coins are withdrawn from circulation. Etc. Thus benefits from the fact there is broad and effective scrutiny of various currency in circulation, and comfortable accepting it. If there was some other competing bullion that was goldlike except for the colour and some other otherwise-unknown-to-him defect, the market would eventually penalise its use in gold’s favour so he can rely on market signals too.
With cryptocurrency he ends up trusting some consensus that is not entirely market. Which is to say, in deciding between cryptocurrencies, in deciding between different blockchains, can rely on the market consensus. But in deciding between the various nuances of actually holding and transacting in his own secrets, ends up delegating trust. Possibly ends up ceding true ownership of secrets altogether with custodians that start to resemble central banks.
I agree this is very far from a fatal flaw. The largest owners of cryptocurrency will study the details enough and manage their own secrets, and reliance upon their scrutiny benefits less sophisticated transactors more broadly.
Of course today in India, teamongers will transact using many technologies they do not entirely understand, including many fiat mobile wallets. But this prevails only because the transactions are in reality reversible somewhere or the other, thus we are speaking of state-sponsored trust, and really want to avoid that. Exchanging gold bullion coins is almost as easy but not reversible, and gold bullion coins are enough to buy tea and vegetables even if they are not good enough to transport the value of millions of dollars over long distances.
It is fine if people rely on some source of trust for their cryptocurrency transactions so long as most do not for their cryptocurrency savings. Transactions are fast moving so defect will be identified quickly. But I do not think it is enough that some smart people are able to use cryptocurrency in a way they can actually convince themselves is secure. Need for other people to be able to do it as well. Somewhat like how you are much better off depositing at a fractional reserve bank where other depositors are sceptical and scrutinising over an other-wise equivalent bank with lazy and trusting depositors.
Better UI will change this a bit, but I do not know how much. Relevance of highly centralised exchanges is a little concerning. Even though it is for the moment obviously true that you can actually, you, yourself buy many more real things with Bitcoin than with gold — may not be the case once fiat currencies are overthrown (a centralised, reversible fiat currency with government backing is strictly better for exchange than gold, and that is without all the state effort involved in suppressing gold transactions).
Jim:
Or the shopkeeper does take my gold because his vendors take his gold and the cop can’t get in the way of the vast majority of transacting, and yes people who need to move vast sums of value over long and treacherous distances will very much need crypto but many other people might not. What you’re saying could be the case in some sort of Leftist singularity, where if they go after everything, then owning your secrets is the only way forward but much of the world will just be under some sort of anarchy-tyranny where I don’t see cops going after shopkeepers but do see gangs of brigands and highwayman marauding about, so there will be plenty of robbing and pillaging but that is the cost of anarchy-tyranny and people will either form their own gangs to protect their wealth, or the gangs of brigands and highwayman will start resembling stationary bandits who are inclined to ensure shopkeepers can pay their vendors with gold.
Obviously gold is strictly inferior for any kind of transacting today in comparison to fiat, it’s value being a bet that in the cryptocurrency world to come it will still bear value because for some large enough subset of transactions or some large enough subset of people it will be more exchangeable than cryptocurrency. Over the past 15 years the probability of fiat demise has increased; but the probability of gold hegemony has declined in light of cryptocurrency.
Next time around we might use exchangeable gold, the technology for using gold might have improved a lot over the last time (pre-British bullion promise reserve era). Better, cheaper, more widely available weights and measures; industrial production since early 20th century of nitric acid. Etc. Mark of the sovereign may not be as necessary this go around.
But yes if I was an unhappy citizen of any of the 20th century totalitarians, would very much have rather me and my compatriots had cryptocurrency than gold.
It is interesting to see that people here that are in a 2nd or 3rd world country are skeptical but not against crypto and people in the 1st world are gun ho about it.
Fiat currency is not going away. Country after country has high inflation or hyperinflation and goes right on using their currencies, just with some zeroes knocked off. How many times have Latin American countries had trust-destroying economic situations and yet they are still using their pesos? The people just learn to not hold pesos very long.
The blogger FerFal, who has survived a couple of Argentine hyperinflations, talks about how crucial it is to own gold. He recommends owning a good share of it in the form of gold chains, rings, etc, that you can sell to the local gold/money changer when you need some fiat to make purchases. He said that a one-ounce coin attracts attention because people may assume if you have one, you have more, but if you sell a gold ring or a gold chain, it just looks like someone selling a family heirloom.
But my main point is that you have to get past the idea that fiat is going to disappear. It is not. It works very well for what it is needed for: unit of account and medium of exchange. Just don’t use it for saving. The problem with crypto people, who are basically hard money people, is that they can’t get past the assumption that the medium of exchange has to be hard so that they can save in it. They see all the fiat currencies and assume they’re all doomed. The problem is not fiat, the problem is that you are still operating under 19th century assumptions about how currency has to be hard to be good.
And the reason it has not gone away is that you cannot use physical gold for long distance transactions.
Fiat currency is going away now. Crypto currency is eating the world financial system.
What is left for banks to do if crypto has replaced fiat?
No transactions, no deposits, no lending (as they have no deposits to lend). IPOs and broker services are the only things I can think of
The Fed wants to do away with them anyway with it’s creation of the digital dollar. They would essentially just be government entities.
When crypto currency fully replaces fiat money, people are still going to want term transformation – which will lead eventually to the usual banking crises. They will also want soft money derived from crypto currency rather than the dollar.
I don’t think term transformation is a problem so long as the form of assets borrowed and lent aren’t both moneylike. The banker incurs a liability borrowing short, but lends long by actually delivering cryptocurrency.
Of course some limits on this given how easy it might be to steal; how hard it might be to reverse. He would be happy to break your bones. If all this happens in the context of a stable and competent government then I suppose we are eventually liable to get too much term transformation and crises but that is okay. Make sure the bankruptcies happen fast and frequently, that people who lent blindly are forced to lose their money.
Will still need lending against productive assets. They may not have deposits but they may still have short term savings accounts which, in addition to currency they raise, can be lent to finance investment in profitable business.
When you have currency and lend it to a bank, a signal that you do not intend to spend it on real goods and services in the current period, thus that real goods and services you may have spent it on are available to others for more productive use, for which productive use you expect to earn interest. When you lend short term (deposits, saving account, etc.) you communicate intention you do not plan to spend now but may plan to spend soon; likewise long term. Result of all of that information is profit-seeking banks able to allocate goods and services you would have used if you were going to spend now to a capitalist who needs others’ labour and energy for his business and willing to pay for the privilege of having it now.
You have a somewhat subsistence economy with gold coins. Say term transformation isn’t tolerated by the government, meaning it will kill any bankers issuing moneylike liabilities that are treated as if currency while lending what he does not have. Still a use for banks. Say There is a farmer who until now spent his surplus daily gold coins on a maid, decides to live simply, finds he has accumulating gold coins. Profit-seeking banker tells him he will borrow gold coins at an interest, and the newly unemployed maid finds herself the secretary of an industrialist her wages paid for with gold coins lent by the farmer to the banker.
How does he get the gold to the vendors?
Transactions over distance using gold have been a huge problem for several thousand years.
This is the well known “You can’t take gold through airports” problem. Which is why people used to use uncut diamonds, despite the difficulties resulting from the act that one uncut diamond has a different value to another. They did not stop because of that inconvenience. They stopped because the government suppressed the exchangers
Crypto for transactions over long and treacherous distances. Crypto and bullion coins for transactions over shorter or safer distances. An exchange rate between the two. Rupee is not exchangeable outside of India but perfectly possible for Reliance to transact using Dollars for large transactions over long and treacherous distances and pay its janitors in Rupees for use at the local teamonger. For the teamonger, for the reasons I described, the bullion coin will be more exchangeable.
Though even for big transactions I am not sure corporations and such will be comfortable actually living with true secret ownership, where someone can just run off with a secret, makes it hard to delegate fiduciary duties etc. m-of-n voting systems could work, but bring up their own issues of defection. For example, I am not sure how to convince myself that some amount of Bitcoin ostensibly owned by Coinbase has not been lost, stolen, or secretly subject to the blackmail of some coalition of owners for the m-of-n consensus. Which is why I’m sceptical about any sort of custody except perhaps the equivalent of payment processors with money out very quickly (so that any defection is very quickly learned about — and which likely charge enough to ensure the franchise value of the processor as a going concern is bigger than profit from stealing).
Seems like as recently as 2017 you thought crypto and gold would co-exist, that the market cap of Bitcoin should be approximately equal to the market cap of gold outstanding. That still seems right to me, and I think gold would be worth considerably more today if not for crypto. Did you change your mind?
The stakeholders elect a board, and delegate full control of the assets to the board, monitoring the board through the company books. The board appoints a CEO, which whom the can fire at any time, but to whom they are supposed to give full control. (They frequently fail to give him full control, but in that case the company is badly run, and likely the board is corrupt and stealing from the shareholders)
The problem that needs to be solved is the integration of crypto currency and bookkeeping, which solution is well known – immutable journal entries and triple entry books.
If you delegate spending to someone, you don’t want to give him hard money, because you are nervous he will run off with it. And the chief advantage of crypto currency is that it is the hardest of hard money. Which is for delegation a considerable disadvantage. But everyone wants, and sometimes needs hard money. It is just that they would rather spend soft money and receive hard money.
But soft money is always has to be based on hard money. And the US dollar is getting a bit too soft to base soft money on, with individuals being demonetized for frivolous and opaque reasons, and international transactions being confiscated for reasons that are incomprehensible and never revealed.
The solution is that the corporation’s cash is hard, but delegation involves increasing degrees of softening.
Once crypto currency replaces the dollar as the world hard currency, financial institutions will appear, dangerously centralized financial institutions, which provide currencies derived from it with varying degrees of softness.
If we can assume financial institutions will appear, after dollar collapses, is much innovation needed on the scaling limit for Bitcoin? Many free banking institutions offering Bitcoin promises on the real world name system initially populated with scammers that will be found out, leaving banks very keen on preserving their reputation (so necessarily charging enough that their reputation is worth keeping).
Then only settling major transactions on the blockchain, as between large unregulated banks in distant jurisdictions settling the monthly, daily, or minute-by-minute trade imbalances. Or settling major transactions of wealthy men. Of course there will be some financial crisis here and there, and people will lose money leading them to scrutinise their bankers but that is no different than it has ever been. Most people cannot transact very much of their saved wealth, even if very liquid, unless they are rather poor — or have had to pay for the premium of doing so.
What I worry about, maybe because I do not understand, is manner of custody over others’ coins that does not enable either stealing, blackmail, or too much human effort. And I’m not sure the rules of working with Hard Street Cash today apply to Bitcoin, for it is much much harder still. You don’t worry about giving an armoured driver a truckload of cash because you will catch him and not much he can do with the cash; worry a lot about giving him crypto. And since it’s possible to legitimately lose crypto, the van driver may very well not want to drive with your crypto either (or rebank hard crypto into temporarily softer promises, as the case may be).
Would be interested to know what Coinbase does about this problem. (A separate problem from the fact they may well owe far more crypto than they own).
I mean to say most people cannot transact very much of their saved wealth, even if liquid, very quickly unless they are rather poor. Of course a lot of that is not a technological, economic constraint but KYC/AML — but even a healthy bank under a healthy regime would very much want to make sure that I am me, which is costly for it to do if I can’t cryptographically sign my intended transaction.
Scaling limit is already biting on Bitcoin and Ether already.
Going to bite harder.
Big advantage of crypto currency is hardness, that everyone can have hard money. Scaling limit and slow transactions reduces that advantage.
Soft money is custody over other people’s coins. And a fair bit of stealing goes on.
But, with crypto currency, we can know how much gold the bank actually has in its vault, and with triple entry book keeping and immutable journal entries, we can know how much money is owed to it by mortgagors. When land titles go to the blockchain, we will know what secures the mortgages.
This will considerably mitigate, though far from cure, the inherent problems of banking.
Not really. As our gold bugs have been arguing, gold is a still a good way of preserving wealth as you hunker down during a short crisis. And better than crypto currency for short distance local transactions. But it now has competition from a form of money you can take through an airport, giving you the alternative of hunkering down or running away. And that competition is cutting into its monetary value, and will continue to cut into its monetary value.
And we are facing an increasing probability of prolonged crisis, a dark age of greater or lesser duration, during which governments are recreated from the bottom up during which the problem will not be hunkering down till the crisis blows over, but surviving and rebuilding during crisis. For which we need long distance transactions.
And there is always the post Roman Britain case, where governments fade into mobile bandits, and are just not recreated at all for centuries.
I no longer own any gold, despite spending most of my time in a place that is one of the best in the world to hunker down in.
Crypto does currently allow you to cross a border without physically carrying something detectible like gold.
How often does one need to cross a border, breaking the law by not declaring something valuable? Obviously this never comes up for normal people even once in a lifetime.
The only time it would come up would be if things were so bad in your country that it was a matter of survival. It is no small thing to leave your people, your culture, and go live among a foreign people. It’s not something you’d do lightly. And to make it worthwhile, the place you are going would need to be better than the place you are leaving. For an American, where would that be? Although I long thought about this idea of being ready to leave for somewhere else, I finally recognized it will never happen. I’m not leaving my loved ones and friends behind and going to live among foreigners. This is the hill I will live and die on. So I won’t be crossing any borders with wealth in any case.
So crypto offers nothing to the great mass of humanity who do not need to transfer hard money across borders. Fiat works perfectly well for ordinary life, and gold works perfectly well for saving. As billions upon billions of people in India and China know, and Westerners are going to rediscover.
Also, I don’t think it reflects well on your judgement that you sold all of your gold. No diversification at all? “All in” on crypto? That’s either pure gambling or cult-like fanaticism. No one can predict the future with that much certainty.
>Crypto does currently allow you to cross a border without physically carrying something detectible like gold.
It’s easy enough to memorize the recovery words.
>Also, I don’t think it reflects well on your judgement that you sold all of your gold. No diversification at all? “All in†on crypto? That’s either pure gambling or cult-like fanaticism. No one can predict the future with that much certainty.
Gold is dead. I made a bundle last fiscal crisis on gold but even after 30% inflation this year gold has not gotten anywhere near what I sold it at last time around. Silver is still worthwhile.
>I’m not leaving my loved ones and friends behind and going to live among foreigners. This is the hill I will live and die on. So I won’t be crossing any borders with wealth in any case.
I’ve thought about this, but looking at what happened to the people who decided to stick it out in Russia and Cuba, there’s no future other than slavery and a mass grave in such states.
The key to leaving is buying property early in likely escape locations in an area where there’s already an expat community. It can just be a vacation home until you really need it.
“How often does one need to cross a border, breaking the law by not declaring something valuable? Obviously this never comes up for normal people even once in a lifetime.”
It may start coming up a lot more often as things break down…
If it gets so bad the power and internet is permanently off no form of currency but bullets and canned food will be worth anything and 90% of people will starve. Gold will be worth far less than ammo than.
Yes it does.
Due to onerous and immoral laws, lots of people have to do it all the time. And everyone who wants to keep some of what they have while fleeing tyranny is going to have to do it.
If you are investing in gold, or investing in crypto currency, you are in part hedging against social collapse.
>Fiat works perfectly well for ordinary life
USD is becoming increasingly intolerable for ordinary life, because powers that supervene over the systems that use USD are increasingly intolerant of ordinary life. This point bears frequent repetition and reiteration; by accident, by instinct, and by conscious intention, the conduct of civilization is being choked to death by intrusive managerialism, in a million and million different ways, great and small.
You seem like a thoughtful man, but you share a certain cognitive blindspot that many other people have when it comes to block chain technology; which is thinking of it as a merely speculative object, which could just as easily be lumps of metal, or strips of paper, or poppyflowers, or any other interchangeable placeholder.
There are many shitcoins that are like this; but blockchain is not shitcoins, blockchains are infrastructure.
Non-player characters, including non-player characters placed in offices of power, are driven by normalcy bias when looking at this issue. They see ‘crypto’ as simply another set of pieces, like any other, that people are using to play the same old game. But the telos inherent to use of blockchains is radical, in the technical sense of the term; that ‘the same old game’ as it exists is impoverished (or rather, impoverishing), and so that the more it can be rendered irrelevant, the more value is gained.
“USD is becoming increasingly intolerable for ordinary life, because powers that supervene over the systems that use USD are increasingly intolerant of ordinary life.”
Speaking of which:
https://twitter.com/QuintusCurtius/status/1440331597819961355
“Transactions over distance using gold have been a huge problem for several thousand years.”
No, you just send a check or wire denominated in gold. You don’t have to ship $100 bills or gold coins, you just send messages and let the accountants do their thing.
Which is to say, you are now no longer doing transactions in gold, but social capital.
The social capital you describe is simply “banking” and variants of hawala. Gold-denominated accounts and transactions are not possible at the moment because we do not live in a free society, so the first step is to roll back the last century of societal sclerosis. That’s already on the TODO lists of many here.
Gold denominated accounts are absolutely legal for central banks, and for banks in most nations, and are not worth the paper they are printed on. Recall what happened with Germany’s paper gold and China’s paper gold.
Nothing is stopping the Hawala network from denominating accounts in gold, they denominate them in just about everything else, except for the physical reality that gold can be rather too easily detected at airports.
Moving promises to deliver gold around has not really worked since the Knights Templar got nailed.
The Hawala network has problems doing international transactions in anything because of the banking and airport problems. You can smurf cash more easily than gold.
Which assumes the existence of someone trustworthy who has a lot of gold, can be relied on to keep promises, and has the military capability or trustworthy connections with military capability to defend his gold. This is frequently not the case.
The Knights Templar did OK for a long time, but eventually suffered military defeat, and since then gold has not really worked.
So are the smart speculators in the stock market run? Real estste?
Your crypto monies will crash and their value will be lost,
the dollar will be worth a bit less but stay strong for a very long time.
Value can not be stored in symbols or materials.
Value in money is about one thing, and one thing only:
To make other people do your bidding, because other people want or ideally need your money.
If you want to store money, you must keep and educate people.
If there are no people, or only people who do not have or can’t do what you want,
or don’t want your value store or your money, you have no value.
Therefore, to store value, even grow value,
you must invest into people, make sure they are of high quantity and quality,
and want, better need your money (you can achieve that to set up the economy so that they always lose money and therefore always need new money).
Value keeping and creation need both a symbolic fiat item of money, but it’s exact nature is less important, and the ability to manage people.
There is no “real” money, not gold, not land, not anything else – without other people and those people wanting it, you have no store of value.
Money is a kind of illusion to make people do things you want them to do.
Money is primarily a psychological trick.
If you want to store and grow your value, “money”, don’t rely on any commodity, any currency, crypto or not – rely on people.
Buy non-overpriced shares in businesses that people need to buy from, no matter what happens. This is the safest store of value.
You are betting on normality continuing. Obviously, it is not continuing.
If you invest in gold, you have gold. If you invest in land, you have land plus the crops. So land is better than gold, right? How would that advice have worked out for a roman? For a Russian in 1900. For a Frenchman in 1780?
If you look at the world as a whole, and history as a whole, investments in productive activity tend to get wiped out with great regularity.
In order to perform transactions, value must be represented, however imperfectly, in symbols.
Gold is as much a symbol as any other, in that its monetary value is far higher than its use value.
So, the question is, which symbols?
In the long run, even if normality continues, or, more likely, normality is resumed after a collapse, during which titles to existing real productive property become worthless, the better symbolic representation will win.
And the better symbolic representation is cryptographic.
Investing in shares in sound companies, is, if normality continues, the best long term investment by far. And I have a lot of money invested in shares of well run companies and in land. But normality never continues for very long. And it is not continuing now – Human Resources, political commissars, are taking over control and running companies into the ground.
You cannot invest in good companies and good people, because a well run company is politically incorrect, and good people are politically incorrect.
Though, cryptos have been following stock market downturns very quickly and sharply in the short and medium terms.
Investors are spooked by uncertainty and think cryptos are speculative and uncertain, especially in their minds.
We’ve seen the same today, and in early 2020.
I do expect Bitcoin to decouple from stocks, but when is that going to happen?
It requires investors to trust it as more than a short term speculation, which is true for some but not most. And at that point it can’t be as volatile and gain as much value quickly.
Right now it feels risky to hold crypto for most who hold it and expect a stock market crash.
I don’t like to react to sudden changes in the market, so I won’t make any trades myself, but I know people who did.
Though, deciding where to put the money even in the case you sell at a huge profit is difficult.
Stocks are not an option if you expect a stock crash, crypto isn’t if you’re selling crypto, government bonds nah, gold and silver are the only options left in that case.
I don’t think gold will rise in importance much from here, and it might become less relevant. But it does require that Bitcoin become more stable and trusted.
The correlation between stock markets and cryptocurrency is only meaningful to speculators. If you are buying Bitcoin as a hedge against fiat, or perhaps more in line with Jim’s thinking, as the actual primary currency that will be in use when US dollars either cease to be useful for price signaling or cease being accepted by merchants entirely, then these price swings are no more important than a girl’s mood swings.
I think of it as being occasional discounts offered on a commodity that I’m going to use anyway. If the grocery store is selling ribeye steaks for half the normal price, I’ll buy up several pounds and freeze them, because why not? I don’t care if the price of steaks crashes in 6 months (not that such an event is likely) and I don’t care if the “price” of Bitcoin “crashes” in a year (not that such an event is likely), because I am not going to sell any of it for fiat.
By the time cryptocurrencies “decouple” from other instruments, it may be too late to acquire significant amounts. It would not surprise me if a major stock market crash ends up being the catalyst for this decoupling – at which point it’s too late to trade in your shares.
what caused the bitcoin team to suddenly be putting out good improvements? My last impression, perhaps outdated, was that Charles Hoskingson was playing the role of the competent despot, and that BTC had become classic rule-by-comittee mudslinging
All improvements to BTC that are being implemented now and in the past were the planned and developed for years.
Most of the features in Taproot were being designed or were already designed back when Segwit was implemented in 2017. Lightning network itself I believe was originally theorized in 2015.
Bitcoin doesn’t adopt changes very quickly, and when they are written and merged into the software it takes a while for them to be activated with a fork.
There was a signalling period earlier this year, where the miners signalled their support. After that time started ticking for Taproot to be activated months later, which will now happen I think in November?
still seems like a much lower pace than CH. With Proof of Work in particular, seems ridiculous that is even considered a valid alternative
The lack of Schnorr signatures for a very long time was a major roadblock on implementing a real lightning network, and now that we have Schnorr signatures, the compatibility problem is likely to block the development of a real lightning network.
The current lightning network is in substantial part correspondence banking with a thin layer of high tech buzzwords sprayed over it, rather than correspondence banking built on high tech.
So what’s the red-pill take on this Gabby Petito case? Young fertile age girl goes on road trip with boyfriend/fiance in which boyfriend obviously kills her at some point. Cop body cam video reveals a domestic dispute of sorts of the couple on the road where the skinny sort of beta looking bf has nail marks and gashes all over him and the girl is hysterically crying.
My guess is that she was epically shit testing to him and he kept failing causing her to get angrier and angrier to the point of actually using escalating physical violence against him to which point he maybe just snapped eventually and killed her?
https://en.wikipedia.org/wiki/Disappearance_of_Gabby_Petito#Domestic_disturbance_incident
“Handtats”
Crazy bitch (yeah I know almost every girl has tats nowadays but hand neck and facetats are still for loser guys and really crazy girls), probably went looking real hard for a real psycho. Crazy bitched him and the psycho went psychotic.
Crazy bitch is an enemy term. It implies that there are crazy and non-crazy bitches. AWALT. All Women Are Like That. Judging from the police video he did appear to be handling shit tests properly which encouraged her shit tests to escalate to nuclear levels. He also did not look very alpha.
From my personal experience, girlfriends (not just girls you are fucking) do get crazy and angry when you don’t properly handle their shit tests. They get extremely angry when they thought they were getting alpha dick but instead are getting beta dick.
he did NOT appear*
All bitches be crazy but some bitches be crazier than others.
My wife is one of the least crazy women I know, and has three children with me. But she’s still pretty crazy. Thing is, most of her craziness serves a higher meta-rationality, just like the outright insanity of crazier women does.
AWALT speaks to the universal characteristics of women (including antisocial sexual attractions and at heart a more animalistic nature, and a greater tendency to conform), it should not be used to imply that all women have identical personalities. So yes some are way more unstable and self destructive than others.
Yeah I agree. Most women are not quite like this, even if she isn’t that fundamentally different from other women.
This is a particularly crazy one, and this doesn’t happen every day.
It is not an enemy term. All women are crazy, but there is a variation in that crazy. Some girls are so fucking crazy you would have to whip them with a riding crop and keep them chained up to keep them under control. Normal women do not tear up their boyfriend with their nails because he is not alpha enough for her. Or maybe it is that any woman that hinted towards an escalation to violence against got warned that she was risking a fairly vicious beating, and so I have never had to deal with that. Either way, if he is all scratched up, it is not normal.
And Com is right about the hand tats. The more visible a tattoo or closer to an erogenous zone, the crazier she is. Hand tattoos are for the girls that are a 5 but think they are an 8 or 9. Wear lots of gaudy makeup, good body but okay face, the waif chic or gym grrrl look. You know the ones I am talking about.
What does that make a woman with a tramp stamp?
Some brief, crazy fun. Nothing more. All the girls I know with a tramp stamp were nuts. Not one I would keep around.
Like half of them have those so its not as meaningful in evaluating personality. Plenty will get one just cause their friends have them.
Handtats tend to be bad crazy with no redeeming qualities as do overly tatted… fun crazy…. girls with tats near erogenous zones tend to have a more amiably crazy way about them.
This is a matter of degree not kind. You are still going to have face shit tests that involve some degree of law breaking – it is just that some chicks will hit you with shit tests that can only be passed by a lot of law breaking.
The crazy chicks would be completely sane if their master was General Buttnaked, or if their master or husband was backed by the state the way husbands and masters were in early eighteenth century Australia.
Given that they were all convicts, and juries and judges were very reluctant to convict a woman, we may suppose that they were mostly crazies, and yet they all turned impressively sane.
AWALT. All women are like that – differing in degree, but not in kind.
I accept that some amount of lawbreaking is a necessity. That said, I do not want to have to commit assault every time my woman feels anxious. I do not want to have to deal with the constant irritation of a woman as crazy as the tramp stamp sluts I knew. A tramp stamp is just an easy filter that says, “too much trouble, next.”
I know that I could make them sane but, again, it would require whips, chains, and regular beatings. That is more trouble than I want to have to deal with. No woman is worth that kind of headache. General Butt Naked is a degenerate animal, and I do not want to have to become him every time I get home.
Australia, late seventeenth century, faced a problem of crazy women which at first discombobulated them, and they did not at first react effectively. But a quite small number of public whippings of women for talking back to their husbands sorted that out smartly.
The differences in degree matter, and make significant difference to your likelihood of winding up in jail. But no one gets in trouble for passing a shit test, only for failing it.
I generally treat physical aggression by my woman as sex play, that she is cruising for a spanking preparatory to sex. I laugh at her ineffectual violence. Sometimes, unpredictably, I give her a spanking of unpredictable severity. Which can be, very rarely, rather severe, just so that she knows it can be, but usually is playful, but not so playful that she likes it too much.
Public physical aggression, I turn a cold shoulder. Seeing my anger, she becomes fearful and apologetic. But she is a good woman, and some women may require more forceful measures.
I have met women that required the cold attitude and an explanation of precisely how I was planning on hurting her to manage, and I was not even fucking them. I know they exist. If this was late seventeenth century Australia, I probably would not think twice about what needs to be done. If the state was ambivalent I could get away with what would be necessary, even if it would be tiresome. In the current society, I know that it would eventually reach a point where I would need to do something in public that would end my career or put me in jail. So if I see the signs, I will move on to the next one.
Curious to what Jim thinks but that has not been my experience. Some chicks need chaining because they are whores not because they are more crazy then any other chick.. Failing shit tests invite progressively more intense shit tests, especially when you are trapped in an enclosed space like a car for weeks at a time.
A whore is just a woman who’s alpha sense is higher than the ability of most men to control her. Which would indicate that her tests are too hard to pass for anyone who is less than Mr. 1-in-30 or General Butt Naked. Most women do not reach the point of clawing gouges on their men before they go to find another man. Plus this woman, according to the Wikipedia article, was an emotional and mental wreck. Again, not normal or standard. A little high-strung and prone to outbursts? Sure. Being a blubbering mess for that long? Nope, not normal.
Either I have never run across a woman who would try that shit on me or they simply know better, but from my experience a woman willing to attack a man is pretty rare. If you run into them often enough that it is normal, then your experience may differ, but I have never had a problem with violent aggressive women.
We don’t have problems with violent aggressive women because we know how to handle shit tests, at least to the extent where they aren’t violent and insane.
Anecdotal evidence from blue-pilled beta males that don’t know how to pass shit tests reveal that their women going insane, and quite possibly violent, on them isn’t that all uncommon.
Crazy women are always a response to male weakness, but some women need a substantially stronger male than others.
The stronger you are, the less likely you are to run into violent aggression.
Female physical aggression is always a plea to be put her place. Which can sometimes be gently done, and sometimes, with some women, requires more vigorous measures.
>My guess is that she was epically shit testing to him and he kept failing causing her to get angrier and angrier to the point of actually using escalating physical violence against him to which point he maybe just snapped eventually and killed her?
Yep. Based on her behavior she got plenty of physical violence from her previous much more alpha boy friends and was desperately trying to get the same from Laundrie. He eventually snapped and probably killed her with a single a blow.
She likely went on the trip hoping that the seclusion would result in the sort of beating she desperately desired. You really have to be very careful if you have the need to strike a woman and men who regularly beat their women really go very lightly at it for the most part. Women are exceedingly fragile compared to men.
Yeah that’s what I was thinking. She was only like 110 pounds. Would not take much at all to kill her. A hard shove where she falls and hits her head may even be enough.
Knowing that, I would never strike a women. When my girl starts getting angry, loud, and argumentative with me over something small, I just grab her and kiss her forcefully. She tries to resist and push me away but my strength easily overpowers her until she eventually gives in and I fuck the shit out of her. Usually does the trick unless I’m in a place where I can’t do that like a car which is the worst place to be when you start getting shit tested, but my guess, based on his betaness, is that she was refusing sex to him far before the point of her shit tests going nuclear.
In my experience, almost all nuclear level shit tests resulted from me not just grabbing her and fucking her really well recent enough.
>Knowing that, I would never strike a women.
It’s a bad idea but there are women who need it and they will go to extreme lengths for it. Exceeding stupid thing to do unless you’re a criminal.
Having had some experience with women like that, I would noped out the instant she started start talking about her previous boy friend having hit her but even then there’s a high probability that she will accuse you of hitting her because you failed to hit her.
As Jim says, your most likely going to end up in jail for failing a shit test.
Never underestimate the utility of choking a bish.
Punching a woman is likely to kill her. Don’t do that, ever.
But a carefully controlled slap in the face can work wonders. And, of course spankings – but spankings are sex play, or apt to turn into sex play, which is happy ending, while a slap in the face is a sharp reminder to pay attention.
I missed that part. Was it in the video? If that’s true, as an aloof beta male, he was fucked from the start.
>Was it in the video?
She looks like the type to me and her physically attacking her boy friend is the sort of behavior I’ve seen before when a woman is trying to get beaten. Women will put a great deal of effort into it.
>Punching a woman is likely to kill her. Don’t do that, ever.
Yep.
>Was it in the video?
I would bet that she told her beta boyfriend how her previous boyfriends use to hit her. That’s been my experience my experience with women who I watched do everything possible to get their man to hit them and with the girl I dated who did everything possible to get me to hit her.
Makes sense. Women reveal things about their past boyfriends for a reason, even if it’s subconscious.
Shit tests in the car are extremely dangerous, because you cannot drive and deal with a shit test at the same time, and if you simply ignore the shit test, it will escalate next time. Stop the car as soon as you can do so safely and deal with it. As soon as you have stopped the car apply measures that make further bad behavior while you are driving unlikely.
Great advice that the beta boyfriend in question did not heed.
Can tell by the way they move and speak that both are fucked in the head somehow. Bad neurology=bad mental health.
She was cruising for a beating, like all women who get physically violent with men. He probably snapped at some point and gave her a real beating, which killed her. Or, he left her and drove off, and she was murked by some drifter.
https://www.bitchute.com/video/BMZMmmgmvOBF/
Between this and the FDA killing the booster shot except for the elderly (over 50s in the UK) it would seem they’re already drifting away from human sacrifices to the COVID demon and going straight to sacrifices to placate the Mother Gaia demon, kinda curious (extremely concerned) to see if they decide to start cutting off power in select places then almost everywhere at once as well. I hope everyone here has stockpiles.
The FDA has absolutely not killed the booster shot and they are absolutely not drifting away from the holy, awesome, and mighty covid Demon. The advisory panel has no authority over the FDA. Seems there is just bickering in the bureaucracy over who is going to get priestly credit for it and how often human sacrifice needs to be done.
https://www.axios.com/coronavirus-vaccine-boosters-data-pfizer-fe843bd3-7f99-4b6d-b7e9-645abd6532c6.html
I see, my understanding was that the FDA was attempting to kill it, evidently that is not the case, I think it’s still fair to suggest that there appears to be some infighting as to which god to prioritize sacrifices for and if the farmers being paid to destroy crops stories are true then it would seem they’re running different methods of human sacrifice in tandem, looks to me like they’re competing to determine which demon is the mightiest and holiest then. I expect that to be determined by body count, I am not looking forward to winter this year.
The FDA does not want to kill it but they do have incentive to not just rubber stamp it, so they can retain their status as a priestly institution of importance.
Doing nothing makes them unimportant and unimpactful. Do something creates impact and makes them important. It appears they want to delay the boosters for the priestly reason that third worlders need to be injected with initial doses first before the first world gets boosters.
FDA is talking through their arse.
My backwater city in Kalimantan already schedule for 3rd booster shot with Moderna. This is country with 2nd lowest vaccination rate among G20.
it amazes me that lower education positively correlate with ability to see through rona bs
Propaganda works best on the middle bulge of the bell curve. The right tail is too smart to be fooled by it, and the left tail is too dumb to understand it.
Nah, it is just that this specific propaganda targets the middle bulge of the bell curve
https://imgpile.com/images/Ny4Npo.png
https://imgpile.com/images/Ny45lS.png
https://imgpile.com/images/Ny4bNb.png
https://imgpile.com/images/Ny4nO1.png
These are pure gold
https://www.dailywire.com/news/blm-will-protest-nyc-restaurant-enforcing-vax-mandate-claims-passports-racist-will-be-used-to-keep-black-people-out-of-spaces?utm_source=facebook&utm_medium=social&utm_campaign=benshapiro&fbclid=IwAR2aZ96ceEU3t5KZl4Eu6C0_XL6
Now this is something i did not expect.
haha I fully support this. White nationalists and black nationalists unite!
Bad slogan. White nationalists are feds and black anything is generally backed by the cathedral…
But im willing to sow division among our enemies and if its a choice between nigger worship and the biomedical covid totalitarian demoncrancy ill take nigger worship.
I’m just joking, but yeah I agree. I’ll gladly go back to the Floyd Burn Loot Murder riots if it means the covid demon is gone.
This is like bluechecks getting memed into considering the ok handsign a ‘symbol of white supremacy’ because our twitterbots decided to start shitposting with it one day.
The problem is that BLM is basically an astroturfed fake organization so they are likely to have no one show up for this. Hope I’m wrong though.
We’re in a world so clownish that the answer to this political question may come down to… Nikki Minaj…
https://twitter.com/thekidcr0aker/status/1438989498898010114?s=20
An amerikaner killing an antifag in any situation is inherently self-defense.
Meant re below
Karl says:
2021-09-20 at 12:19
Matter of fact: Kyle shot the Antifa guys.
Matter of law: Was it selfdefense?
I’m wondering what would happen if DeSantos started sending out Ivermectin kits to all Floridians at risk for COVID due to co-morbidities? Reading about India and Mexico it’s pretty much destroyed COVID’s ability to kill people. Hard to murder people if they don’t even need to go to the hospital.
I’m confused about Japan. They’ve been studying Ivermectin for almost 8 months now and I can’t jack about the study results or the government starting to give it out to people.
>I’m wondering what would happen if DeSantos started sending out Ivermectin kits to all Floridians at risk for COVID due to co-morbidities?
His underlings would refuse to do it and he’d go to prison.
In every country that attempts to promote repurposed drugs effective against Covid, there is strong Cathedral opposition and an ideological war over it. Here in the US Paul Marik had his license suspended punitively (now only allowed to practice medicine in the context of teaching medical school) for leading the FLCCC and spearheading the pro-Ivermectin campaign, and I wouldn’t be surprised if Pierre Kory gets his license suspended eventually as well.
Out of the trio of Trump, Bolsonaro, and Duterte, Bolsonaro in Brazil has been the most sane in opposing the Covid Demon. From his election I thought Bolsonaro would be based (not my video upload, glad someone mirrored it) and am glad one of the three hasn’t been a disappointment in this regard:
https://youtu.be/xeYCKSe4rLg
Friend in Brazil says Bolsonaro refused the Pfizer vaccine into his country because they wanted no liability for vaccine injuries, and took government money allotted for vaccines and spent it on HCQ and IVM, and the Left in the courts accused him of crimes against humanity for it. Also, only G20 leader publicly opposed to the vaccine (sadly many of the Brazilian right are also pro-jab, so he has lost significant support for not promoting it).
“Bolsonaro, who traveled to New York ahead of the UN General Assembly, was pictured with several other members of his delegation in an Instagram post Monday by Gilson Machado Neto, Brazil’s minister for tourism. The photo was captioned “Let’s go for pizza with Coca Cola.â€
The Brazilian president is the only G20 leader who has not been vaccinated for the coronavirus and has repeatedly defended his decision, citing his battle with COVID-19 last year.Â
“Why take the vaccine? To have antibodies, isn’t that right? My antibody levels are way up high,†he said last week.”
http://www.nypost.com/2021/09/21/brazils-unvaccinated-president-eats-pizza-on-nyc-sidewalk/
>“Why take the vaccine? To have antibodies, isn’t that right? My antibody levels are way up high,†he said last week.â€
It’s amazing that such a statement is consider bad.
Since this is a somewhat adjacent topic, what do you think about Georgist taxation?
Although I could be on board with that concept, something that seems to be often supported by Georgists is Harberger taxation which I find insidious, evil, and fundamentally contrary to the concept of private property
If anyone with more money than me can seize my land, it is not my land at all.
Unfortunately I see many people in cryptocurrency and crypto-libertarian circles support this idea.
Georgism comes from an evil place in the soul, comes from envy and malice, and an advocate of Georgism usually has no end of other ideas and ideals likely to inflict a great deal of destruction on people he does not like, which is a whole lot of people. It is kind of like people who want to collectivize the peasants being afraid of farmer’s dogs.
It does not come from governments looking around and saying “Hey, what can we tax without causing too much economic damage?” It does not come from governments wanting stuff. It comes from people wanting other people to not have stuff.
You can make a good argument that attempting to tax UCV, or taxing something closely related to UCV (which is what governments do in practice) is going to do less harm that most taxes, and many governments therefore tend to tax something like UCV pretty hard, but that is not where Georgism comes from.)
Come the restoration we will probably rely pretty heavily on a tax on something closely connected to UCV. But we though we should not declare Georgism to be heresy, we should have the Inquisition give Georgists extra scrutiny, because they tend to be bad people who intend harm to a whole lot of people.
Taxes need to be the answer to the question, “How do we collect revenue without buggering the economy so that there is less revenue for us to collect, and less good stuff for our military to buy from the private sector”, not an answer to the question “Whom do I hate and wish to destroy”
When the Inquisition calls the Georgist in for a little friendly chat over coffee and a ham sandwich, he will probably tell them he has a very long list of people the Inquisition needs to deal with.
Do not agree, Georgism (at least semi Georgism) has aced all its field test. Its probably the least harmful form of taxation by far. So it does answer your question.
Also since the land itself (rather than the improvements on it) are not NATURALLY a form of property improved and created by value producers but rather were naturally occurring and were rather made property because of the tragedy of the commons and the fact that fighting over it is inevitable… its perhaps the only form of taxation that can be considered to NOT be theft and perhaps can be sold to natural law libertarian types.
I support Georgist taxation, not ideas that Marxist entryist to Georgism (George and the demon Marx were not fans of each other, and Georgism was an early target for entryists) support. Georgism should be legal and should be state policy but the inquisition/secret police should be extremely vigilant for marxists entryist into Georgism.
Says the man who has a far longer list of people who need killing than any of the rest of us here.
Georgism has never been field tested, because Georgists want to tax the UCV down to near zero, and no government sane enough to go after UCV, is sufficiently evil and insane to try to tax it down to near zero.
What you are calling “semi Georgism” is no more Georgism than taxation is socialism. Every government the Georgists point to as semi Georgist, governments that are getting a lot of their revenue from UCV and from government owned urban utilities, has a thriving market in real estate speculation, and some very rich property owners and property developers. Even if the government is getting a whole lot of revenue from UCV, so are a whole lot of developers, speculators, and small private investors.
In order for a government that relies heavily on UCV for its tax base to have something worth taxing, it has to leave enough on the table for the private sector. Taking all, or nearly all, is going to kill the golden goose, and we see sane rational revenue optimizing governments that rely heavily on UCV doing everything they can to keep the golden goose fat and happy.
If you could know exactly what the UC Value is, you could take it all without killing the golden goose, but it is impossible to clearly distinguish between the UC Value, and the DC value, and dangerous to try too hard. So rational revenue optimizing governments do not try too hard, but instead try to collect revenue in ways that tend to bear harder on the UC Value than the DC Value.
Georgists want to tax UCV down to the zero bound, or as close as possible to the zero bound. Rational revenue optimizing governments see the zero bound as the third rail. Touch it, you die, so they stay a nice safe distance from it.
A rational revenue maximizing government has a variety of fees, taxes, charges, and government monopolies that hit UC Value hard, and a lot harder than DC value. But they are careful to stay away from the zero bound.
Hong Kong used a system that was very close to Georgism for a long time (and his ideas were definitely influential) and I recommend we adopt the same tax system they had.
I’m right that demon worshippers need to go. People with no interest in truth in the days of interconnected 24/7 media are dangerous to the rest of us… period. We can’t live with them. Now obviously women always have somewhat diminished interest in truth but the men have to go. This is not the mid 1600s there are always new demons to fall under and quickly.
Com, if you killed all of the NPCs, then you would be murdering more than 99% of people. Do you have any idea how rare men like us are? Even if you spared the women, the slaughter you suggest would be so extreme and insane that it would dwarf the slaughters of the Khmer Rouge and Mao. Who is going to remove the trash and keep the water and power running after you kill everyone else? There will be no interconnected media or even civilization, for that matter, by the time you are finished.
You are recommending the Seven Kill Stele. You need to stop, take a look in the mirror, then find some perspective that does not include committing autogenocide to stop autogenocide.
Most people have SOME interest in the truth (even some women have some interest in it sometimes though perhaps its because an alpha male made them that way) or at least some disinterest in the official truth. It will be more like 15-20% of people, though perhaps in some urban areas much higher (lets not talk about DC).
When I hear about people working in healthcare blaming the unvaccinated when a basic lookup of this should be in their wheelhouse… that fills me I think rightly with pretty extreme rage. That is a complete disregard for any truth beyond the truth of authority, an authority that they should know has REPEATEDLY lied to them because they saw the lies from the inside.
In a normal society you can understand people who believe in the official truth almost completely… I mostly believed in it until I would say 2006 or so. I can certainly understand why in Japan people do it… because their government actually mostly avoids telling them blatant lies. But if the 2020 lockdowns didn’t turn you into some kind of skeptic or dissident I think there is something very wrong with you and I think you’re very dangerous to have around even if we win.
Jim talks about the Restoration social order lasting 200 years or so, that was after Cromwell already supressed the radicals and before the age of any kind of mass media besides pamphlets. Franco killed a lot of leftists but wasn’t thorough… it didn’t work. The tragedies of the 20th and 21st century were because leftism wasn’t supressed with sufficient brutality in the 19th.
Now where logically am I wrong. I acknowledge that the depths of insanity that I have witnessed and suffered from make me angry and hateful towards these people but I do not see a flaw in my logic, like muslims leftists are always going to surrender and unsurrender. People seem to have this sympathy for leftists I do not understand… why?
Yes, logically you are correct. Excessive mercy and leniency led to our current disaster. But we don’t want Havel’s Greengrocer afraid, and still less do we want the ordinary NPC who believes official truth and does not notice or care when it changes afraid. These are difficult objectives to balance, and any effort to balance them has to be founded on forgiveness and mercy – albeit indiscriminate forgiveness is dangerous, and one can show no mercy to those that surrender and then unsurrender.
The old Christian policy on apostates was a very hard hand against entryists and against those who surrender then unsurrender. This was wise and necessary. Death to apostates.
In Indonesia my understanding is that the overwhelming majority of people were eventually happy that Suharto did what he did and that death squaders were considered heroes. Thought that life got a lot better and stayed better…
The Amerikaners should be spared. These are our people, even the ones that work for the regime. The Puritans can go. The slave class, well I’ll let smarter people handle that.
“The Amerikaners should be spared. These are our people, even the ones that work for the regime.”
What do you mean in this context by Amerikaner.
If you mean protestant WASPY white guys should be spared even if leftists based on their ethnicity not just no but fuck no… its more critical that we eliminate leftists within the Amerikaner population than anyone else. The idea that you go easy on ethnic ingroup leftists is a stupid wignat idea… you go harder on traitors within the ingroup.
We want every Amerikaner to be able to look at every other Amerikaner when we’re done and know that they support capitalism, hated Biden and approved of Fauci’s livestream world record long excruciating special um minecraft deletion. We want Amerikaner’s to have especially high trust among each other, that means that we need to be especially thorough about eliminating leftists among them.
Com, that is not how people work. That is your autism and anger speaking, not logic. You are talking about a lot more than 15-20%, because the people who obey the official truth are are the overwhelming majority. If you kill them you get too many chiefs and not enough indians. It would result in us ending up like someone I heard describe Haiti. Every man is a general, and sleeps with a machete. That is not a recipe for high trust.
So what do you propose?
I don’t know what Wufgar Thundercock proposes, but what I propose is that we radically purge the official priesthood, totally replacing the top of the priesthood with men who pass a high IQ test (one designed to separate the very smart from the merely smart, not merely the stupid from the totally stupid like the existing Harvard and MIT tests), who have raised well behaved children, and have refrained from any gross misconduct.
Everyone who wants state or quasi state office has to pass a religious conformity test. Anyone who passes the test, and has high state or quasi state office, but who subsequently turns out to be an entryist or an apostate gets killed by the inquisition. Anyone who wants priestly office has to pass a test for religious conformity and everyday ordinary virtue.
Anyone who held priestly office (judges, professors, etc) who loses his job for failing the conformity test, is prevented from leaving the country to some location more friendly to his faith. If he continues priestly activity within the country, bad things may happen to him, or he gets rusticated to Alaska. Apostates get killed, those reject the official faith in favor of some competing faith, but who never held priestly office in the former official faith get lesser status but they don’t get rusticated nor have their travel restricted. Search engines do not treat their links as giving page rank, as in today’s rule where Wikipedia gives page rank, but WattsUpWithThat does not.
> Fauci’s livestream world record long excruciating special um minecraft deletion.
We regret to inform you of the untimely unexpected passing of Anthony Fauci during his interrogation.
The cause of death is COVID
I would argue for much the same thing as Jim, with the exception that the top priests and any especially egregious offenders be executed to a man. Find people like Fauci and the Board of Regents of Harvard and Yale–the command and control apparatus of the Cathedral–and have the lot shipped to a death camp in the arctic circle. The lower level priests, especially the ones that are NPCs, get the travel restriction treatment and a blanket ban on priestly, state, or quasi-state jobs. I want to kill the minimum number to achieve the objective of killing Harvard, and killing whatever might try to follow it. That is all. No grand plans for social engineering or eugenics, besides those systems that have worked in the past.
Insufficient ruthlessness in purging the previous ruling class is like failing to pursue a rout, and has the same result; you end up fighting the same enemy again, from a weaker position. Finish them off when you hold the knife at their throat. All revolutions are elite revolutions, so we remove a historically disloyal elite from the burdens of existence. Revolution problem solved. Cut off the head, and the snake dies. There is no need to then jump all over the remaining leftists because they will die out over time, between people not wanting to be associated with losers, fearing the Inquisition, and the march of time taking the true believers to the grave.
>The idea that you go easy on ethnic ingroup leftists is a stupid wignat idea… you go harder on traitors within the ingroup.
*Is a stupid fednat idea. The only people who talk about charity for the traitorous are the traitorous themselves.
For my perspective on this matter, consider how something like 30-40 percent of people in the US voted Biden in 2020, and of that number a further significant fraction are alien ringers (whether they actually did vote, or simply penciled in by the party machine), who are already going to be sent back anyways. We are left with a remaining fraction that is far smaller than ‘99%’ or other histrionics, but which is far outsized in terms of perniciousness, and it would be greatly to the good if such persons were Physically Removed and Separated from society.
Actual white leftist are small in number. 60% of the country likely voted for Trump in reality. That leaves likely 20% pet slaves and 20% white leftists. Of that half or more are women so we are maybe only looking at 10% white male leftists at the most.
Once the top priesthood is removed from power, prevented from organizing, prevented from obtaining a new base far away, and prevented from priesting, we have a problem of a significant number of heretics.
Physically killing all the heretics tends to be disruptive and organizationally difficult. Just render them low status and safe to mistreat. Also, don’t support and enforce the marriages they do not believe in. Make marriages enforcement confessional. They fade away fast, and leftism tends to fade away fast as soon as there is no prospect of knocking over some more applecarts.
Im a big believer in public sanction (which is to say, sovereign sanction) of private violence. If for example it was announced open season on wetbacks today, they would all be rushing to deport themselves the day after tomorrow. Hypothetically of course.
Recovery from a dark age tends to involve a rather small group and subset of men who are protected from violence, oppression, and robbery – which protection they extend to their clients and family.
Other people, sort of voluntarily, sign up as clients and serfs. The Roman empire had no organized system for returning slaves to their masters, it was just that a runaway slave was an unperson who had no arrangements to protect himself from violence and oppression, while if he stuck with his master, he had only one person who could oppress him.
The trouble with the system of the Roman Republic is that it not extend to long distance merchants, although throughout the time of the Roman Republic, protection kept becoming broader, more impersonal, more distant, more impartial, and less a matter of personal and family connections. Caesar and Pompey extended it to long distance and merchants, for the sake of trade and logistics, and so accelerated a trend of impersonal, distant, and universal, protection, equality before the law. Which continued to undermine the family and marriage.
In a reconstruction, the ingroup will provide provide protection to ingroup members, and protection to allied outgroups against hostile outgroups, and the top ingroup will provide protection to all ingroup members against everyone. (“I am a Roman citizen”) Members of groups that are outgroups to the ruling ingroup will receive a substantially lesser level of protection, particularly against members of the ruling ingroup.
But in order to reproduce successfully the ingroup has to completely refrain from enforcing the property right of fathers over daughters once the daughter is married, as this impairs reproduction. The only recognized marriage has to result in full transfer of authority to the husband. We must restore the eighteenth century coverture system. Anything less should be illicit and immoral, and illicit and immoral activities leading to violence should not receive protection.
20-25% of white males are leftists (with most rural regions having 5% and urban areas having much higher)….
It might even be less than that, which equates to only about 7-8% of the total US population.
As Jim points out, killing even only 10% of the population is inefficient, insane, and probably ineffective. Plus, that is not what Com was suggesting. He was saying kill of all NPCs, which is undeniably insane and inefficient. And there are right-wing NPCs, make no mistake. Then we are talking about killing a majority in the name of emmantatizing the eschaton, including people who would follow us if given a chance. That is ridiculous, and only a madman would try it. Leftism, even when backed by the best guns in the world, is antinatalist to the point that it would be fatal within a couple generations. Without the guns protecting it and without their marriages being enforced, it will be gone within two generations.
I was absolutely NOT saying to kill right wing NPCs, sincere qtards would be perfectly safe.
Tbh any huwhite man still registered d in The Current Year simply can’t be helped; noone puts any stock in what the official media says any more, the only people who do are the ones who want to.
If we can thank Trump for anything, it is providing such a clear and obvious watermark to use going forwards, a bellwether moment in history.
The Cominator may be too idealistic but his heart is in the right place.
No point in haggling for or settling on a certain percentage, as far as I’m concerned. The point of this is not population reduction to some pre-decided target.
Georgism is supposed to have a thriving developers market, improvements aren’t to be taxed. In fact one argument for a semi Georgist system is that development has to be maximized for all non lived land or the land needs to be sold. Rentiers on the other hand don’t do so well.
I do not support full Georgism I support Hong Kong, call it non Georgist if you want but they were partially inspired by him.
Problem is hard to disentangle unimproved value and value derived from all the surrounding improvements. Mineral rights underneath your house weren’t worth very much until they suddenly were, and if government owned them all on the principle no one built them, so not harmful to production, then may never have become worth much because no one would have bothered. I used to be drawn to Georgism but realised they just hated land ownership, which is why you have “libertarians” proposing cockamamie ideas like forced sale of land to he who would pay the highest tax assessment on the basis of Georgism.
There are better and worse ways to collect revenue. If you want to collect 5 or 10, maybe 15, percent of total income in taxes then it really doesn’t matter if you do it taxing sales, wages, capital, or land so long as it’s not too bureaucratic. Some clever strategy will be better than the others, but none so much better or so much worse. If you want to collect 50 or 60 percent of total income in taxes then it also really doesn’t matter how you do it, as whatever you do likely destroys allocation, and probably cannot be sustained without insane tyranny to begin with.
Between taxing sales, wages, capital or land, in choosing one over the others, in the long run do not really effect a redistribution. Taxing capital income instead of wages only helps workers for a few months before they find capitalists aren’t so eager to build that new factory. You can steal from whites and give to blacks, can steal from enemies of the government to give friends of the government, but you can’t really steal from capitalists and landowners to give to workers, or steal from workers to give to capitalists and landowners for more than a short period of time.
How much revenue can you get licensing government monopolies on gambling, alcohol, lotteries set at the monopolist profit maximising level. Unlike other taxes you are taking from the incompetent to fund projects for the industrious, not really getting in the way of production, and not bothering normal people with much bureaucracy. Maybe that is usury, I don’t know, but has the benefit that the monopolist profit maximising level of production is below the free market profit maximising level of production.
Then tax imports on industries that do not exist domestically but ought to exist domestically.
Then put a per head tax on the order of $40,000 on any employer that wants to hire a foreigner for privilege of doing so, so that you get the kind of foreigners that are worth good money to a capitalist (I hear the protests but you will have some foreigners anyway, may as well make sure they are good and collect some revenue where you can).
Then tax estates not inherited by sons.
Then if you must, a 5 or 10 percent tax on income simply and broadly defined but without a terrible amount of enforcement. And a standard deduction that is pretty high for married heads of household ratably increased by number of children, so as to least intrude on junior male engineers at Tesla who make $170,000.
That you can’t steal from capitalists to give to workers, or from landowners to give to capitalists I mean it is like saying “we are going to give the consumers and take from the greedy shopkeepers” by implementing a sales tax to offset a standard deduction set on the basis of a standard basket of consumption, which quietly passes back through to the consumers. And so with capitalists and their workers. So with landowners and capitalists if most people own their own houses.
You can steal from actual classes of people to give to other favoured classes, but cannot steal from one fake economic class to benefit another fake economic class. Or rather you can do it only for a while.
I suppose a small tax on rental income would not be terrible, as it only discourages low time preference behaviour such as failure to save to buy your own home, and actually owning property leads to vested interest in community around you.
“Then put a per head tax on the order of $40,000 on any employer that wants to hire a foreigner for privilege of doing so, so that you get the kind of foreigners that are worth good money to a capitalist (I hear the protests but you will have some foreigners anyway, may as well make sure they are good and collect some revenue where you can).”
I agree with this principle for immigration anyway. Immigration should generally only be by purchase. Purchase can only be waived by a direct order of the king and he should not do that kind of thing often
Absolutely no income tax for personal or corporate (and make it part of the state religion that even talking about them in peacetime is blasphemy and communism and people who want them are to be killed), no sales tax, DEFINITELY no VAT (the worst tax there is).
We should land value tax (I’m sorry I like the basic ideas of Henry George and I’m sticking to that), revenune tariff, lottery monopoly, tax recreational drugs (at the laffer maximum). Model it off Hong Kong but go more extreme on no income taxes…
The Georgist idea that taxing UCV is the least destructive tax is sound.
The Georgist idea that you can and should tax it to the zero bound is envy and destructive malice.
You cannot even tax UCV, though many governments attempt to do so, because you cannot know, or even clearly define, UCV. You have to tax things and charge for things that have a good correlation to UCV. Which correlation, as UCV goes down under the impact and charges, becomes less and less good.
To illustrate the problem, consider a developer who builds a shopping mall with an important anchor tenant, and a retail and entertainment area around the mall.
The other mall tenants benefit from the traffic brought by the anchor tenant, and the shops and entertainment area around the mall benefit from the traffic brougt by the mall.
Obviously the developer should get all the value that this creates. But there are existing shopping facilities near the development, and they also benefit, the unearned windfall benefit that Georgists so dread and want to do away with. But if you tax their windfall benefit away from them, now you are taxing the shops built by the developer on one basis, and the shops built by other people on a different basis, and this can get hopelessly complicated, and provide endless avenues for corruption. Someone has to make an arbitrary subjective judgment about the size of various benefits, and the cause of various benefits, and those who create such benefits will be afraid, because they fear that the necessarily arbitrary and subjective determination will be arbitrary and unfair.
And the homeowner who a long time ago built a home far from shops and work, because he could afford the land there, now has the same home and garden conveniently close to shops and work.
So you just have to let them get their unearned windfall benefit, or most of it. And you don’t want to go after the home owner who benefited, at least not until he sells his house and large garden to a rich man who knocks down the house and builds a mansion.
And is it an unearned windfall? Likely the men who built those older houses and older shopping and entertainment facilities did so because they expected this to happen, and put up with the initial inconvenience and expense, because they expected that once there were enough houses and entertainment facilities, something like the mall would be built.
Agree on all points, our official position should be that Henry George was a good guy but he was trying to compete with demonic Marxists and his more evil destructive idea of taxing unimproved land values to the zero point was him trying to turn Marx’s followers in a less destructive more sane direction.
Plausible enough, a convenient, unfalsifiable, and likely true official truth. Takes the poison out of of George, just as progressivism reads progressivism into every influential past thinker that it does not demonize, even though by 2021 standards they were colonialist racists who adhered to an ignorant sexist superstition.
The only tax which is universal (i.e. can be applied across the economy and won’t disadvantage one particular sector or cluster) is VAT. All other taxes (including land value-based) rely on the whole ecosystem of other taxes to make sense and “spread the love aroundâ€.
Never understood this animosity towards the VAT.
The VAT is the worst economy killer of a tax that there is it raises prices across the value chain and truly kills the hard pressed and parasitized working poor. Sales taxes if they must exist should be at the end consumer level only.
This person should have to take a shill test, anyone who defends the VAT I suspect of being a communist.
VAT here is 22%, meaning any product I buy has a twenty-two percent premium on it, that I would not have to pay if the tax did not exist.
That’s close to a quarter of your already 30-50%+ taxed income going away with virtually no way of avoiding it.
VAT is also applied to anything I import, meaning that if I were to buy a 500$ computer from the united states, I would be asked to hand over 22% of that extra on top when it is delivered to me.
It’s actually worse than that, because first import tax is added to the value of the product, and import tax varies but it seems to be around 5-7%.
Then VAT is calculated on top of that taxed amount, plus the price of shipping.
Meaning I pay a tax on the shipping cost, and a tax on top of a tax, with my already taxed income.
People are only somewhat aware of it, because VAT is already included in all prices they see, unlike sales tax in the US (which also tends to be far less than 20% and often below 10%, or even zero in a few places)
So most of the time people don’t realize how much of their money goes into VAT, and the government consistently increases it every few years, because they can.
VAT obviously disproportionately costs more to lower income people rather than higher income people, since lower income people spend more of their income in VAT taxed goods.
That said, while I personally hate VAT more than any other tax, I think income tax and capital gains might be objectively worse.
VAT at least is very easy to enforce and does not require draconian anti-money laundering laws as well as all sorts of other nonsense, it’s not something where regular people can easily get in trouble either.
But most importantly it taxes consumption rather than production of value (ie, income). That has a bad effect on the economy, but it seems better to me to discourage spending, than to discourage working more, making money and saving it or investing it.
If I had to choose to keep one type of taxation between income/capital gains tax and VAT I might well choose VAT.
Of course, neither of these options are the right answer.
Also never understood animosity toward VAT.
As first, it did not exist in communist Yugoslavia, and I think it also did not exist in Warsaw pact countries, so it is hardly a “communist” tax.
As other commentators have noticed, it is easy to collect, does not presume the entire kludge of laws, and rules, and administration, and all that crap
For transit countries an tourist destination it also has quite a nice advantage that foreigners also pay it.
You can opt out of it by opting out of system – not totally achievable, but also not totally impossible. Typical agricultural family estate produces a lot of food and other stuff at home – even today – so no VAT on all that.
In many countries, even in such that have very high VAT, there are usually exclusions. For example, in Croatia, agricultural estates, crafts and companies of with annual revenue of less than 200,000 HRK (~31,000 USD) do not pay any VAT.
It is the entirely different question what should be the VAT rate. Certainly not 25%. Probably more like 5%.
To me, The communist taxes and real civilization killers are real estate taxes. With them, you immediately become just a tenant on your patrimony (or matrimony). That is disgusting, emasculating, and stimulates people only to become a proletarian.
@Upravda
Are you sure that there exclusions in your country from VAT such that small companies do not pay any VAT?
My understanding is the opposite. Large Companies pay no VAT at all, only consumers and small companies pay it.
Companies sell stuff, collect VAT from their customers and give it to the government. However, they are allowed to subtract any VAT they paid for their own puchases from the VAT collected from their customers and pass only the difference on to the government.
Small companies do charge VAT from their customers, but they really pay it on anything they pruchase.
@Comminator
VAT effictively is paid by consumers only. Companies pass on only the difference between VAT collected from customer and VAT paid to supplies on to the government.
@Arqiduka
The problem with VAT is that it taxes only the “added” value and therefore allows any compony to subtract VAT paid to suppliers. Very difficult to check whether all subtractions were justified. Very difficult to find out whether goods were really exported (no VAT to be paid) or sold domestically (VAT due).
If a company buys everything it needs domestically it has nice stack of invoices documenting how much VAT it paid. If it exports everything it produces, it collects no VAT and gets every cent of VAT taxes paid back from the government.
Most of the tax fraud in Germany is VAT related.
@Karl
I used wrong words. Yes, everybody in Croatia pay VAT – if goods or services bought come from businesses with annual revenue of more than 200 thousands kunas, 300 thousands if business is agricultural estate. These are so called „businesses outside VAT systemâ€- If not, you buy those goods and services without VAT. So, accounting services cost me 800 kunas per month because my accountant’s small company id „outside VAT systemâ€. Otherwise, I would pay 1000 kunas monthly (800 + 25% VAT). She (that is, her small company) still does pay VAT on, say, computer on which she works the accounting, but sells me (that is, to my small company) accounting services without VAT.
So, small businesses are actually somewhat more competitive, relatively, especially when they sell goods and services to real persons. One kilo of apples at small farmer is, say, 8 kunas, that *same* kilo at supermarket is 10 kunas – and not just because of merchant’s margin.
This is not true, if you are a tourist in most countries that have VAT, the tax can be refunded to you.
That’s the business of companies like Global Blue
https://en.wikipedia.org/wiki/Global_Blue
@The Cominator,
Lol, of course the VAT raise prices across the value chain, how else would a tax extract value. Would you like a tax that produces revenue but causes no effect of the economy? Or one that raises prices at the upper end of the production chain but these somehow never make their way to the end consumer? Would you like your dragon to be red of green? Happy to take the test if you folks can be arsed, but since I skip most of those comments you’ll have to remind me, am I supposed to answer what you would think or what I think on those (I tend to agree with Jim’s analysis on much, but tend to disagree on much of his proposed solutions)?
@ Karl,
I agree with the issues you mention re export. Not related to internal sales though, super easy to justify the subtraction you claim: if you claim it, someone else must have paid it easy as that!
Exporting is where it gets iffy though, and that’s a failure point you would police. Still, far better to have to police one point only instead of everything as you would under income taxation. In a sense, that most fraud is export VAT -related in Germany tells me there is much less fraud than elsewhere.
@notglowing
“This is not true, if you are a tourist in most countries that have VAT, the tax can be refunded to you.”
Yes, yes, I’m aware of it. Protocols for refunding vary. I remember that in nineties, when we went to shopping to Graz, in Metro, we could get Mehrwehrsteuer refund – on the next visit, from customs officer on the border.
You see, that’s the Catch 22. Yes, theoretically, foreigners are eligible to VAT refund. In practice, however, system(s) is/are set up so that one is not likely to request such refund, and/or refund is bind to increased chance of repeated consumption.
Austrians had set up the VAT refund so that foreigners were inclined to go to shopping in Austria again. In Croatia, one can not ask for VAT refund from services, just from the goods, and only on bills over 500 kunas. Etc. Everybody has set up the VAT system that increases the chance of not refunding refundable VAT to foreigners. 🙂
A rational revenue optimizing government wants to hit UCV mighty hard, and a Georgist wants to hit UCV mighty hard.
But a rational revenue optimizing government wants the people who create and operate its tax base rich, powerful, influential, successful, high status, and confident, while a Georgist wants them poor, powerless, and afraid.
So a rational revenue maximizing government likes to stay a nice safe distance from the zero bound on UCV, while a Georgist wants the government to operate right on the zero bound of UCV.
I agree, but lets do a tax system much more like Hong Kong and revenue tariffs (and a lottery monopoly and a few other sin taxes but probably lower sin taxes than now) and completely abolish both personal and corporate income tax.
I think if you are taxing around the non-tyrannical Laffer limit, and you will find not much tyranny is required if that is around 5 percent or 10 percent, it does not really matter what exactly you are taxing as long as it is sufficiently non-specific. Of course you can go around creating new taxes and set them all near the Laffer limit, but then suddenly find that all of the taxes are suddenly above the Laffer limit.
I don’t really see why a peacetime king would be all that eager to tax beyond maybe 5 percent, maybe along with rents from his monopoly on alcohol, gambling and lotteries. More than enough to fund the lavish dignities of monarchy, manage efficient courts, patronise important projects, and maintain a small civil service. A republic with competent elite would likely want to tax more to establish larger and more competent civil service, since there really are some things a competent and virtuous elite can better accomplish with state cooperation.
But if you are taxing like 5 or 10 maybe 15 percent of total income, really do not think it matters whether that is on wages, dividends, corporate profits, unimproved capital.
Or even if it matters, does not matter a lot. Don’t think you want people involved in the business of divining perfectly efficient and really very clever tax regimes. Unimproved capital tax is very clever and requires very clever implementation.
The brilliance of taxing unimproved land capital (yes administratively more difficult but it will keep the bureaucrats hands full… without them making up new mischief since they’ll be busy trying to make accurate land assessments) vs income or commerce is that its said that economists barely understand anything but they do know when you tax something you get less of it…
So the best thing to tax is people NOT employing fixed capital like land to its maximum value since it will produce some amount of pressure to sell to those who will employ it to its maximum value. 15% of total income is probably too high.
What is UCV?
Acronymfinder didn’t help. Then I glanced at the Wikepedia page about Georgism and couldn’t find an answer.
Will someone please spell it out?
Searching ‘ucv tax’ brought up ‘unimproved capital value’ within the first five results, which is usually used in reference to land – and in particular the value of land absent any building, growing, or other development on it – but could more generally be considered as a reference to ‘potential’ value of something, absent teleoplexing by agentified forces.
Though this isn’t the only time jim might use an acronym in a text without spelling them out at least once.
Thanks
Since all the land has that anyone cares about has had extensive and repeated transformations by agents, unimproved capital value is not an observable quantity, but more a theoretical abstraction.
I think a larger issue is that land is usually not more or less valuable mainly because of its own intrinsic improvements or properties, but rather because of the land surrounding it.
Which becomes quite difficult to quantify.
Land in a big city is infinitely more valuable than fertile farmland somewhere in the middle of nowhere, square meter per square meter.
Such value does not come from “natural” things in the land itself, it’s entirely man-made, yet it’s not about improvements made on the particular piece of land, which might even be empty.
I think if you took UCV to its extreme conclusion, you’d have to consider every piece of land be naturally worth the same amount of money, save for some very significant natural differences between different lands such as desert vs farmland or mountains/hills vs plains, etc.
There’s also the other obvious problem that the amount of resources on a piece of land are really the resources we can extract, which varies depending on technology.
If we can use fracking, extract oil from tar sands etc, there’s more than there would be otherwise effectively. Is that UCV or not? It can’t be.
Can anyone summarize what makes post-WWII western market economy different in the protein choice and distribution sense from other market mechanisms?
I mean in the sense of the purely visible changes that happened to Japs, then later the Koreans, and now the Chinese–the generation that grew up with white devil type capitalism being literally a head taller than the previous generations.
Additional question–are the mechanics that make people taller (whatever they are) being dismantled right now in the name of Gaia?
I think just eating more and more protein in itself must have influenced that.
You can’t grow tall with little food.
I think so too, yes. I was wondering what is it about modern white devil capitalism that made this possible, as opposed to the systems in place before that.
It’s just more meat due to increased economic wealth and better transport. During WW1 the size difference between New Zealanders and UK troops was much noticed. Their men got plenty of beef and mutton because plenty of such animals where raised in New Zealand.
Off-topic but relevant to the world today:
Negotiation with pharmacist was not successful. Even though he was Indian with an accent. I was politely laughed off, indicating not an ideological disagreement but rather that he did not take me seriously. I felt similar to my first cold approach, and as soon as he said no I just walked away like a little bitch instead of trying to negotiate or specify a tip.
I think my success would be higher if I was actually in the room with one before proposing to cut a deal, but I open myself up to defection as they will already have all of my information and the visit on file before I go. Before I do that I will try again at other places, this time with more conviction. It was time consuming however to drive around and check each building to see if a person is working alone behind the counter.
More specific advice is welcomed. I will need to travel for work soon and really need to figure something out. Canada is doing the electronic passport thing and the airports here will definitely be scanning it.
Shot in the dark, but perhaps you can ask to do the shot yourself with no one else in the room. So not explicitly verbalizing fraud. Also whenever I bribe someone I have the cash visible to their eye. Put a 100 dollar bill (or 2 or 3) on the table as you are talking.
Try being friendly, acting like it’s no big deal, just a little favor between adults. Visible cash accidently lying by your ID or something. You have doubts about some autoimmune stuff you have. The whole passport thing will likely blow over by next summer but you need the certification now etc. Get into a headspace where you “believe” it’s no big deal, and radiate this belief.
Maybe even present all this as just your views on things in the abstract and there wonder audibly is there any way to fix this. How does one get the silly certificate until everything blows over, without actually risking the possibly considerable autoimmune side effects you’re so terribly afraid of.
Just make it a situation where the issue is not a big deal, just a minor inconvenience two mature adults are going to fix in one way or another.
If they laugh, laugh too, but then say with good humor that it still needs to be fixed at least temporarily. If it all doesn’t blow over sure you’ll get the real deal then, but for now, just to evade any potential issues. Plus, you already had Covid. You’re protected. You just didn’t go to the hospital but you had the symptoms, loss of smell etc. You’re just waiting for a softer vaccine. Once they make it available sure you’ll get it. But for now…
If you make a real connection, try to stay in touch. Send little gifts on holidays. Refer clients. Maintain useful social investment. Treat them as human beings.
I forgot the favor bank. If in any conceivable way whatsoever you can provide some favor in the future through anything you do or anyone you know, that’s part of your social capital in this situation.
In my experience this things are done by people you know or you know someone they know. And by know i mean they are friends that know the deal or it is family or friends of family.
You cant just go to someone and say hello fellow citizen may you break the law for me?
Yes. I am seeing sham testing sites pop up. “Call this number for a negative test!” signs on the side of the road. So maybe the sham testing people can get you an in with the sham vaccine people. Friend of a friend situation instead of just cold approach.
Yes, absolutely. If you have enough time, try to find someone who has a friend who knows a friend who know how to provide a certificate. Cold approach is always difficult.
If that does not work (or if you are running out of time), ask a criminal. If someone is in the business of selling illegal stuff, he won’t mind if you ask for something illegal and he might use his connections to help you for a fee.
ROFL! This sums it up perfectly.
If the Aussie nurse in this video is correct, that the vaccinated are being given Ivermectin, and the unvaccinated are not given Ivermectin, but rather put on a ventilator, would suggest that someone is dialing up the levels of evil to new levels.
https://gab.com/BeachMilk/posts/106958004749294182
I would not be surprise if the ventilator part is true but i would be if they are actually giving ivermectin.
I’ve heard the same with monoclonal antibody treatments in the US. They’ll give it to people who’ve been vaccinated but not the unclean. People living in Asia probably know that ivermectin works by now but closer to the heart of the Empire hospitals won’t be allowed to give it out.
That is actually happening. I was just talking about just ivermectin since because of Trump it end up being some kind of evil thing.
Now we know how forced intubation causes death in Covid patients.
The intubation process is designed to induce pulmonary edema. Covid limits oxygen absorption, doctors prescribe drugs which lower heart rate, and intubation causes lung trauma of varying degrees.
Sources on drugs facilitating intubation:
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7132505/
https://www.nejm.org/doi/full/10.1056/NEJMvcm2007198
Introduction to pulmonary edema: https://www.youtube.com/watch?v=quYdjm_s-38
https://torako.wakarimasen.moe/file/torako/biz/image/1632/20/1632200713964.jpg
Subtle cracks are appearing all throughout the edifice.
These cracks have all the subtlety of the Marianas trench.
This supply chain issue is fascinating and symptomatic: companies are throwing huge amounts of cash at “logistics” specialists, imagining that they can somehow plan or manage their way out of this all, when it’s really quite basic and obvious that there are not enough drivers and longshoremen, not enough ships and trucks, not to mention the fact that China is likely waging economic warfare on the west.
The other day I whimsically tried looking for a job at the local port (tired of computer screens, and the title “longshoreman” sounds manly) and could not even figure out where to start looking. They listed dozens of jobs in logistics and no info for good old fashioned moving heavy stuff around. I guess they’re all controlled by the unions?
Faith in Holy MBA Magic rather than simple, obvious physical reality anyone without a business degree can diagnose and see.
There is a massive oversupply of dock labour in most countries and has been for decades – this is why entry to dock work is tightly controlled by unions, because otherwise wages would drop through the floor.
Very interesting data point. Is this also true in North America? If so, why are the ports all backed up?
The US (not sure about Canada, but I imagine it’s similar) is probably the worst place in the world for being oversupplied with dock labour, which is why hopeful recruits have these years-long waits to get chosen in lotteries for training. /r/Longshoremen at Reddit is full of posts about it, e.g. this one.
If you’ve ever wondered why container handling costs in North America are so high, it’s because of the bloated wages in the sector, enforced by unions. The bloated wages attract a huge oversupply of workers, something you don’t see in places that enacted reforms to container terminals, eg. the UK and NZ in the late 1980s (presumably wages in the sector are a lot lower there).
Why is it backed up? Apparently a shortage of empty containers.
On the subject of wanting to acquire hard money and spend soft money, has anybody else run into this so-called “cash shortage”?
I hadn’t heard about it until literally today, when I went to make a purchase and there was a big sign saying that they could only accept card payments because of this shortage. I then looked it up online, and of course the government insists that there is no actual “shortage”, just a problem with “circulation”.
Which officially is because of Covid, and which I infer unofficially is because people are hoarding physical cash because they suddenly don’t trust banks and other intermediaries.
I’m not saying to sell your Bitcoins for some worthless IOUs, but it is an interesting development, because I think people of average or somewhat lower intelligence consider cash to be “hard” money (thus the expression, “cold hard cash”) and if so, this means we are already seeing a mass movement toward “hard” money, it just hasn’t yet reached its final stage.
In Florida i only ever saw it with change/coins and only during the semi lockdown.
Yes I am only seeing it with coins as well. Gas stations around me routinely have a sign out front that says “coin shortage”.
Paper money will be worthless during a collapse event, but maybe not coins. Roman coins were used for centuries after the fall of the Roman Empire because the metal they were minted on still had value.
Modern coins are cheap garbage. I don’t expect them to be valuable outside of their fiat value.
But if nobody has the ability to make more then they still may be used for a time. They’d have a fixed supply, be inherently deflationary, have a standardized value, and so on, like coins before them.
Didn’t mean to say that coins before them were inherently deflationary, but I guess this where they are actually better than old coins.
Yes I suspect this was also why Roman coins were used after the fall of the empire for some time before the local feudal kings had the ability to mint their own coins.
They were doing the coin shortage thing as early as April 2020
Yesterday I tried to withdraw $300 in $20 bills from the ATM outside my bank’s lobby. The ATM however offered only $5s and $100s so I had to go inside to make the withdrawal with a teller.
Red Bible, I was replying to your comment about a game blog, when it mysteriously and troublingly disappeared underneath me.
Please resubmit.
I’m still seeing it at this link (which I intentionally posted on that page since it was the last page I commented on)
https://blog.reaction.la/uncategorized/back-again/#comment-2781189
If need be I can repost the content of my comment here if you wish.
Mysteriously missing comments have mysteriously re-appeared.
Suddenly comments are mysteriously disappearing.
Trying to fix this.
Two valuable comments that I intended to respond to have disappeared underneath me.
Plenty of free memory and free disk space on my server. I don’t know why this is happening. Please check that none of your comments have disappeared.
Project Veritas
Federal Govt HHS Whistleblower Goes Public With Secret Recordings “Vaccine is Full of Sh*t”
https://www.youtube.com/watch?v=obdI7tgKLtA
It won’t matter. It never matters. I know it’s trite to say it, but freedom really does die with thunderous applause. Look at this guy’s Twitter account:
https://mobile.twitter.com/mtracey
He’s been chronicling insane COVID restrictions on college campuses around the country. Absolute insanity. You’re not allowed a sip of water inside. (Your mask would have to come off.) You can’t leave campus. You have to present a test a few days after being randomly selected by some god damned app or you’re suspended for a whole semester. There’s no sign of this stuff ending. It’s completely divorced from any kind of rational risk assessment. And worst of all, the students seem to love it. I feel like everyone around me has gone completely insane. I don’t recognize this country or this society anymore.
This guy also points out that these attitudes will inevitably leak into the next generation of elites. Our next generation of rulers will be even *more* weak, totalitarian, and superstitious than the woke millennials. It didn’t seem like such a thing was possible, but it is. It’s going to seem perfectly normal to just order people around in the most petty and personal ways and to destroy anyone who complains. Everything will be a sterile, preachy, lifeless husk.
I don’t recognize this country anymore. There’s nowhere to go though. Everything is getting worse, constantly, permanently. It’s hard to see things getting better in our lifetimes when we’re driving this hard at literal global technological totalitarianism.
Do you really think some Project Veritas video is going to deflect us from this course? It’s like trying to stop an ICBM with a butterfly. Facts don’t matter anymore. Outcomes don’t matter. Material well-being doesn’t matter. Reproduction doesn’t matter. There is only, from now on, Twitter, hate, religion, and rage, forever. Opposition is powerless in the face of omnipotent media induced hysteria flooding every sense via our phones every moment from morning to night. Now that we’ve set a precedent with forced COVID vaccines, it won’t be long before we’re subject to forced behavioral modification too — all for our good. There is no limit now to the degree we will each be ruled, personally, technologically, and absolutely, and no particular reason that this living nightmare will end in our lifetimes or our children’s lifetime. All things end, but so do we.
Don’t be so blackpilled bro. The regime grows less competent by the day. We wait them out, then reconstruct society from the ground up.
Yes, natural law will make itself heard again soon enough. People should take a brief visit to one of these campuses sometime. The “higher ranked” the better. College kids just look and sound fucking weird these days. It’s an obvious hormonal issue, even among those not actively taking hormonal supplements to become Holy Hermaphrodites. There is not a chance in hell they could withstand confrontation, physically or mentally, with actual real-world human beings for more than moments. Maybe more importantly they are all mentally ill and self-destructive and decadent and will vanish into nothing as soon as they lose funding, which is going to happen very soon whether planned or not.
Yes, they shriek in their hysterical Antifa LARPs, but it’s the shriek of woman: simulated strength with absolutely nothing backing it up when it comes down to it. (The actually violent ones are all prison-hardened feds, which is another issue altogether.)
As soon as people finally have enough, they will wilt away in the sunlight and be lucky to take on their proper role as eunuchs in the house of a conquering emperor or something.
These college kids are priests. The power of priests is backed by warriors obeying them. Hence, these kids don’t need to withstand confrontation. Police and military will do it for them.
Power of priets ends only when the priets no longer have consenus among themselves or a warrior takes power and kills enough priests to create priestly consensus that he indeed is rightly in power.
Weird college kids might are just a sign of increasing madness and less competent government in the future.
Their professors are priests, and increasingly their Diversity and Inclusion departments. The kids are seminarians, all of who want to become priests but only some of whom ultimately will, that number determined by funding. Their professors are not retiring or dying fast enough and when they do are not being replaced in large enough numbers, and so fewer and fewer of them are becoming professors while more and more become Diversity and Inclusion priests. Except for business, law, and engineering, by the way, Diversity and Inclusion is a much, much more lucrative career than research and teaching: https://www.aei.org/wp-content/uploads/2018/05/UMnew.png?x91208
As soon as research and teaching are completely replaced by Diversity and Inclusion, which is happening rapidly, universities return to their original status as monasteries.( Judging by how little sex these kids seem to be having, this seems more and more concretely plausible.)
The big question as I see it is how they can transition from seminarians to a functioning priesthood with functioning abbots and bishops and popes, etc. My favorite leftist, Camille Paglia, more based than any office-holding Republican, points out repeatedly the interesting point that the actual radicals of the 60s all died or went insane of drugs or STDs or being literal revolutionaries while it was the shrewd careerists who actually never cared about any of the revolutionary stuff who ended up becoming professors, people who would have excelled in any highly regulated corporate Cathedral environment.
There will be these shrewd people in any group, and they will end up leading it. Maybe Jim’s Caesar will be one of these people à la Stalin. But that level of shrewdness requires vigor, skepticism, social cynicism, and a not-inconsiderable degree of ruthlessness. Just as becoming abbot or bishop or pope required an extraordinary (if well-disguised) degree of shrewdness and ambition. All of which seem to be lacking and actively selected against in this present religion, the more so the higher up the college rankings we go. (Maybe their Caesar could come from Cathedral fringe, a place like Georgia State or something, an outsider-insider like Napoleon or Stalin.) But never before to my knowledge has the system so completely excluded vigor and skepticism: as mentioned, you get expelled for that, or just avoid the place to begin with.
I would also point out that post-WWII military and police had a respect for education, media, and government which has all but evaporated by now. I am not that old and I had professors who had served in war and were GI Bill educated. (Though I recognize in Australia’s case how apparently indifferent police and military are to who is giving their orders.)
But yes, we are all here at Jim’s Blog of course, and know exactly that a Caesar is required to put an end to this process, even if that Caesar must come from within the priesthood’s own ranks (Stalin). But I don’t see how it is possible for their degenerate system to even produce its own competent long-term leaders.
My sense is that this seminarian generation is in a race against the clock of impending social and economic implosion. They are so disliked, even quietly among non-seminarian, non-Diversity and Inclusion university people, that they are not yet, in my view, in a position of power to not be swept aside once funding dries up after the next economic collapse. What do they preach? Who believes in it but themselves? They may have access to money for now, but who unbidden is going to show up to shore up their power?
But of course if some degree of economic collapse does not occur, god help us all.
Economic collapse is ensured, at the very least because the production of bright children is insufficient, but will probably be caused much sooner by high inflation. Anyway, I don’t see how economic problems will help us.
True, the kids are not yet priests, merely on a path to become priests. Also true that there are much more aspirants than priestly jobs, but if there are many more priests in training than there will be priestly jobs available that ensures that compettion will be much harder. The larger the pool of aspirants. the more likely it is that a few will have sufficient shrewdness and whatever else is required to succeed.
So what if funding tries up? There are more priests in training than needed. No problem if some of them drop out.
They’ll preach whatever the holiness spiral requires and most people will believe anything that is preached as long as it is convient and profitable to believe. Those who don’t believe will pretend to believe or crushed.
Not sure what you mean with “a race against social implosion”. The leftist singularity is social implosion, isn’t it? No need for a long term leader, if the singularity is achieved in the short term.
>Not sure what you mean with “a race against social implosionâ€. The leftist singularity is social implosion, isn’t it? No need for a long term leader, if the singularity is achieved in the short term.
Yeah, you’re right. Still trying to purge my vocabulary of lingering remnants of leftist indoctrination. (“Socioeconomic” etc.)
They’re in a race against the clock in that they produce a Cromwell stat or go under, is what I meant.
Or a third, and most likely path in my opinion, priests no longer have warriors around to obey them. The late Roman Empire could no longer field a standing army and the South African government today can no longer field a standing army.
Less than eunuchs, probably…
The whitepill is that they are inevitably becoming less competent and more weak as this continues.
I share your worries, but at the same time as the race to totalitarianism has been accelerating, the race to collapse has been accelerating as well.
Just think of how much weaker the US government looks now compared to just two years ago.
Post BLM riots, post lockdowns, post half of the country seeing the democracy as a facade, post vaccine mandate, and finally post losing the war on terror.
All of these are accelerating self inflicted wounds. and I would not have guessed things could get this bad this quickly in 2019. I figured it would take three times as much at least…
Assuming of course that there *is* a next generation of elites because all the clot-shots they were forced to take didn’t leave a great many of them dead, sickly, or sterile.
As I said, Clot for the Clot Shot.
When things go this far, they usually end fairly quickly – though often after getting a whole lot more insane first.
Worst case scenario is not that this continues through our childrens lifetimes. Worst case scenario is that they kill everyone, including each other.
This will not continue for very long. Madness at this level is not stable. It gets more insane, faster, or it breaks.
The worst case scenario is actually quite possible. The ancient communists still had plenty of people that want to do good and tough they were doing good. They still had family and nation and could play the old soviet game of cargo cult industrialization.
The new ones no. They have very little and they know that the system cant give them anything and what ever they will have needs to be taken. With deindustrialization and the worsen economic situation they will have nothing to lose.
As you would call them, the old priest still have control and think they can bound the demons to their will but the young ones are children on crack tired of having their old teachers have all the status and power.
Worst case outcome will probably involve one old priest who was and still is a sixties radical, leading an army youngsters promising them a purge of all the other oldies.
Most of the oldies are hoping for Brezhnevian stagnation till they croak. They think they are getting it, but they are not getting it.
What so bad about someone purging old progressive priests?
My understanding is that we can’t get a Stalin without someone purging the priests. Wouldn’t it be much worse if we don’t get a Stalin and the holiness spiral goes all the way to the singularity killing everyone?
The problem is that the ones doing it may be the young ones and the young ones have a even huger boner about fucking with people like you.
Of course it will be the young ones doing the killing. But again, what is the problem? Wouldn’t a lot of killed cathedral priests be a step in the right direction?
@Karl
If you want to bring judgment day even faster or if it was just priests killing priests sure it would be a good thing.
The thing is that the old ones have more sane and practical and less murderess ideology/religion. If you are substituting this ones by people more tho the left you have a problem because you will never run out of priest until you start running out of people.
@Fireball
The young ones will replace the old ones sooner or later anyway. For last few centuries the young ones were to the left of those they replaced.
10 years or so are not much of a difference, but it is a huge difference if the old ones are killed. That has not happened in the last few centuries.
If the holiness spiral is stopped before it devours everyone, it will be stopped be a man who is used to killing. If the young ones start killing the old now, we have a much larger pool of people who have the stomach for the bloodshed that is required to stop the madness
@Karl
It is not possible to control this process to produce what you want. A stalin may rise or may not. And even if it rises it may be the stalin you want or may not be.
>Worst case outcome will probably involve one old priest who was and still is a sixties radical, leading an army youngsters promising them a purge of all the other oldies.
That is the dream of quite few but i have my doubts that will be one that old.
>Most of the oldies are hoping for Brezhnevian stagnation till they croak. They think they are getting it, but they are not getting it.
That is so true, all old revolutionaries believe that the revolutions stops on the point they feel conformable. It gives me great pleasure seeing in their eyes when they understand that it will not.
Of course it won’t stop the madness. The interesting point is that there is dissent within the cathedral.
BLM protesting a New York restaurant for enforcing corona regulations is another sign of dissent within the ruling coalition.
There must be more dissent that we don’t know of. Let’s hope it escaltes to violence
There is always dissent in this things. What you are seeing isn’t much, it can be patch up easily if the leadership doesn’t fuck it too badly because there is still too much to steal and to many kulaks to kill.
If I were that restaurant owner, I’d first call the police and ask them to please remove the protesters. If they declined to do so, I’d go outside to the sign explaining city-mandated Covid restrictions, and post another sign under it saying ^^^ BLACK PEOPLE EXEMPT ^^^.
If the government and liberal society expect us to worship blacks, let us do so, but do it *explicitly* so that a meek little Asian waitress doesn’t get beaten up for breaking an unwritten rule.
@Publius
These so-called invincible globohomo got their asses kicked in Afghanistan.
Such whining. It’s as if you were brainwashed by old Apple ads and can’t get over your disillusionment that one chick throwing a hammer doesn’t instantly deprogram everyone else in the room.
I understand why a woman will sometimes come in whining and sobbing that everything is miserable and there’s no hope. She’s following very primitive programming and looking to reaffirm that her man still has balls. But why any man would post something like this, other than as a deliberate attempt to demoralize, is totally beyond me. It’s emotional diarrhea, totally unmanly. Go log off the internet for a day or two, take a breath, find your balls, maybe lift something heavy, and come back when you’re not going to be a whiny bitch.
This exposé is information. No more, no less. It even tells us something important, something we’ve long suspected but didn’t have a lot of hard evidence for, which is that side-effects from the clot shots, especially myocarditis, are being systematically and severely underreported. Thus the claim exhibited above by notglowing, that the rate is about 10 in 10,000, is probably an absurd lowball, with the actual number likely being at least an order of magnitude higher. We now have actual video of actual staff members saying that actual instances are not being reported to VAERS.
That is important. Not important for the vast multitude of NPCs out there, but we already know how NPCs work. It’s still important to us.
Do you think 4chan is a good barometer for honest opinions?
4Chan has been overrun by enemy government sponsored shills posting computer generated spam. But it used to be good barometer. Now even the porn is globohomo
If only we had a way to tick who we trust and who we do not
Goes to show how everything functional is monarchical. To know who to trust, need recurrent pseudonyms. To ensure the recurrent pseudonyms stay who they say they are, need a trusted pseudonym at the top.
I was really just dreaming of Jim-network saving the internet and bringing it back to how it was in the days of my youth https://reaction.la/security/white_paper.html
Well that is how this website works – but the Zooko name system is a better way of ensuring that a recurrent pseudonym corresponds to an unchanging real person or server.
I’d like a complex system where I can mark interesting posters, mark others as not-interesting but at least real, mark some great philosophers as “anything they say send straight to the front of the feed”, and add family and irl groups as well. Along with smart contracts we need easy inheritance systems. Why does anyone still pay the 40% over £300k? Have the options for wallets to automatically divide contents to designated addresses (e.g. sons) after being inactive for a number of years, using a smart contract
Could even put some crypto into a virtual tomb and have it regurgitate whatever content I wished to keep available. If the tomb ever began to run out of funds, a kind benefactor/descendent could top it up if he wanted to keep the content going, seems like a good way to maintain real history
I would also like an option to prove that one zoko name was generated by a previous one , so if I want to be asocial and keep making new usernames, I can still reach out to an old contact and show that it is still me.
One part I don’t fully understand is that is this not a billion dollar project? Charles Hoskingson owns a corporation and has taken years just to bring smart contracts into the experimental phase. And if he really is a double agent like many people suspect, one wonders why he has not already adding such capabilities to Daedalus.
It is interesting that someone asked Jim to make a MMO since in the 2006 days guilds had a lot of great political discussions. It was a fixed subset of players but also a random subset. You knew they were real because you killed dragons together. The randomness made it interesting (diversity of thought) while the fixed subset meant repeated interactions, so you had an incentive to be kind and to think a little before writing.
To get good political freedom of thought, we’d want communities of random interests because they can be a great way to show that someone is real. Something like 4chan and quora and stack exchange. Facebook groups were amazing in their hayday but have since died out (less from shills, but top-down pressure). Even communities.win apparently has started censoring aerial photographs of anti-covid protests in Australia out of the fear that the site will be banned country-wide. It ties in with what Jim writes about the flaws of the Domain Name System. Communities take time (years) to grow but in the current system can be wiped out within seconds
It takes too long to sift through the shill/bot content. You can very easily tell which is which, but it’s become too time consuming.
https://www.medrxiv.org/content/10.1101/2021.09.13.21262182v1.full
> Incidence of myopericarditis overall was approximately 10 cases for every 10,000 inoculations
Not sure if this was already posted but I found it today.
Some comments are pointing out how the number of total vaccinations they used seems grossly underestimated, which seems like a valid counterargument.
I don’t totally get that part either.
We must read the same news sources. I wanted to share this with some still-undecided contacts but was held up by the commenters’ questions about the accuracy of the numbers. However, even taking the comments’ numbers as legitimate (800,000), that still gives a 1/40,000 rate, which is stunningly concerning. We’re talking a few instances per average-sized North American city. That before correcting for sex and age, meaning every high school and college around is going to have multiple cases of this.
Compared to Covid risk rates in the same age group (median age 33, almost all male), this should harden every single man under the age of 40 or 45 against the clot shot.
The difference in reported case fatality rate for COVID between young and old is stunning. Allegedly orders of magnitude worse to be 35 than 25, 45 than 35, and so forth. There is plausibly some truth to it. Most parsimonious explanation still is that young people, and certainly not kids, usually do not die very much and when they die, die for extremely specific reasons as leukaemia or car crashing. Hard to classify those as COVID-related (but does not stop them from dying); whereas as you get older, rapid increase in both rate of dying, with many diverse and ambiguous etiologies. Easy to classify these as COVID-related.
For example too much is made of “obesity” and “diabetes” as risk factors. COVID victims are somewhat more likely to be obese or diabetic but not terribly more, and the underlying population is plenty obese and plenty diabetic that large numbers not inherently shocking. In Japan some 7 percent (or some other pretty small portion) of COVID hospitalisations are said to be of obese. A higher rate than in the population sure, but very evidently not nearly an approximately necessary condition. What’s likely important is that obese and diabetic people are much more likely than non-obese and non-diabetic to die at any given time, more likely to die of non-specific etiologies, so more likely to be “COVID-related”. I bet the people who died of COVID in 2020 look shockingly like all people who died in 2019.
The reported effect of overweightness and especially age on fatality rates are implausible and do not make sense, very likely the data is junk. For example true that polio is worse when you get it older, but that is for very specific reason namely the waning of maternal antibodies. The age effect cannot be so dramatic and monotonic for a respiratory disease like COVID. Like flu, should be some age beneath which fatality is worse. Reason you don’t see it is little kids die of extremely specific things.
All you are seeing in the age data is that old people are more likely to die of non-specific things.
Your Japan figure tells us next to nothing about the effect of obesity, since we know nothing about its provenance, context, operationalization or even its breakdown (i.e. what does it look like in the 25-35 age bracket?). Post your data and your chain of logic and assumptions, not a vague reference to a meaningless statistic.
The rest of what I’m reading here may have merit, but seems to be just a long-winded way of saying “comorbidities” which we’ve all already known for the past two years. “Comorbidities” means “cause of death plausibly attributed to Covid because of plausible interaction with other serious problems”.
Clinical epidemiology of hospitalized patients with COVID-19 in Japan: Report of the COVID-19 REGISTRY JAPAN
Thank you for the link. I’m failing to see this overly dramatic effect in the age data that you claim is there.
Total admissions by age are: [0-9] 23, [10-19] 44, [20-29] 271, [30-39] 298, [40-49] 358, [50-59] 478, [60-69] 422, [70-79] 392, [80+] 339. That is not even monotonically increasing by age, it decreases at 60+, although I suspect it would look a lot more monotonic if done per capita. Negative outcomes, obviously, get progressively more frequent with age.
This is telling us what we’ve already known for a long time. Children and adolescents are so rarely affected that the virus may as well not exist. Then there’s a moderately significant uptick in hospitalizations at age 50+, and a much sharper uptick in deaths/ICU at the same age. Comorbidity interactions are extremely likely in the severe cases.
The obesity numbers seem unhelpful to me – aside from not being broken down by age, I’m seeing a lot of conditions that are clear proxies for obesity at much higher rates than obesity: hypertension, cerebrovascular disease, diabetes, COPD and so on. I suppose we might conclude that it is not obesity in particular, but heart conditions in general, that are the real killer, with obesity simply having very strong correlation with heart conditions, and obesity itself tending to signal a lack of exercise. Obviously, with a virus that restricts oxygen, heart conditions are going to be massively implicated.
My guess is that they defined some arbitrarily high threshold for obesity, really meaning “morbidly obese” at like 500 pounds or so, and the real number would be closer to 30-40% when you add up all those other obesity-related conditions and adjust for age.
I am talking about numbers like in the USA the fatality rate is some 10,000 times higher among people 65+ compared to 18-25. You say I am saying what we’ve known for a long time, but then seem to dispute what I’m saying in third paragraph. For one, yes some correlated co-morbidities are more prevalent than obesity. But they are also similarly more prevalent in the general Japanese population, so hard to draw any conclusion from that.
What I am saying is none of these conditions are “the real killer”. None of these conditions are massively implicated in the conditional probability someone infected ends up dying as a result of aforesaid infection. Say COVID did nothing at all. But people were randomly infected, and at greater risk of infection in nosocomial settings. Also more likely to get tested if in the hospital. Say also the tests are better, but not much better, than random at diagnosing this infection. Well then what would you expect to see in the numbers?
Lots of old people, lots of co-morbid people dying of COVID even though we have stipulated COVID does nothing at all than young people, healthy people. You would see this because old people and co-morbid people are enormously more likely to die at any given time, enormously more likely to find themselves in a hospital at any given time, and enormously more likely to die or find themselves in a hospital for ambiguous reasons at a given time.
Now I do not think it is quite so extreme, I do think you are at considerably greater risk of dying if infected if you are older or have various morbidities. Not orders and orders of magnitude greater risk however, as implied by numbers that are reported in the USA. The reported hazard ratios are mostly an artefact of old and unhealthy people dying in general.
Sorry fat finger submit. Obesity rate of hospitalised patients is 5.5 percent. Check for yourself that’s not much more than obesity rate in Japan. You will see the same thing with other hyped up risk factors.
No, is not quite just saying “co-morbidities”. A lot of people, even people not toeing the party line, genuinely believe you are hugely more at risk if you are older or have various co-morbidities. “Killing the weak”. Etc. I am saying you are only hugely more at risk of dying, and conditional on dying hugely more at risk of dying of non-specific etiologies. I suppose you are also at causally greater risk of dying as well, but no where near the orders of magnitude hazard ratios implied by all the official statistics.
Reading the discussion below and picking out this random tidbit:
I’d like to poke a hole in this one. Charles the second became king in 1660, signaling the start of the restoration, but I have been reading up on my Dutch history and understand that none other than a Willem of Orange, the third, became king of England in the Glorious Revolution, as early as 1688. Now correct me if I’m wrong, but ‘Glorious Revolution’ and ‘crowning foreign nobility from a traders’ republic’ sounds an awful lot like the end of the restoration.
King’s in general lost their power with George IV more. William of Orange was not the end of the power of kings.
George I not being able to speak English and being regarded as a foreigner imposed as a terrible necessity to avoid a catholic king and George III being unable to function because he was mad were worse blows to the power of kings before George IV than the able William taking over (with an army at his back) from an idiotic pigheaded cucklic king.
That chronology is correct. I believe Jim’s chosen focus is more the Cromwell-Charles/Revolution-Restoration dynamic, but a post some day addressing the hilariously-named “Glorious Revolution” might be interesting and useful for everyone. Off the cuff, one might point out that the fall of the House of Stuart, beginning with Charles’ son (a Catholic who was deposed bloodlessly by William of Orange, largely due to Civil War exhaustion on all sides, itself a sign of a virtuous elite) and concluded with batshit crazy essentially infertile Anne, was an almost voluntary surrender on many levels in favor of the health of the nation, something miles away from the Holiness Spiral of Oliver Cromwell and the all-deleting Puritan frenzy he led and then checked. That whole post-Charles II era is ripe for some Jimian analysis, not least because of the self-control of the recently-restored elites, who were traded out for some other (royal) elites rather than a new brand of Puritan.
The Glorious Revolution was a Dutch conquest of England. William of Orange brought a very large army with him to London, and seemed surprised when he was not met with an English army.
But, William decided to inherit the Restoration’s social order. The English elite needed a king, to avoid civil war, and William needed friends and allies in the elite to keep his new crown on his head.
It was a Dutch conquest that the English choose not to fight because they decided (I think correctly) they preferred a Dutchman to a Catholic.
William did not just show up and “conquer England,” he was betrothed to and co-reigned with a Stuart princess of England on Parliament’s suggestion and was invited into the country, all of which James was aware of and accepted to avoid another Civil War. His wife’s sister became Queen again afterwards, the last reigning Stuart who produced no issue, unfortunately. But it is not accurate to frame this as either a “conquest” or a “revolution.”
James fled not to avoid a civil war if there was going to be a real civil war he would have stayed, he became very aware very quickly nobody wanted to fight for him (except maybe in Ireland).
James II was like globohomo, nobody was going to fight for him even if he installed fellow papists as his top generals and guard colonels the way the cathedral installs globohomo believers as top generals.
Plenty of people would have fought and died for a legitimate Stuart claimant, as they did time and again over the next century. James simply did not have the personality to rise to the occasion, and the Scots abandoned him at a critical moment. But again, the point stands: nothing about this was conquest or a revolution; it was the English and, later, Scottish elite who turned against him with the memory of recent Civil War in mind. He did not seem worthy of the sacrifice, and likely wasn’t.
This is worlds away from England 1648-1660, which made our leftists seem tame in comparison, at least as far as body count is concerned. For now.
95% of them were Irishmen or Highland Scots.
I understand why the Irish did, never got why the Highland Scots (who were overwhelmingly Protestant, yes that includes the highlanders, and not all that well treated by James) did.
Simple. They fought and died for his father in war against Cromwell. Their memories were longer then.
The first rebellion against Charles I was in Scotland and they also sold him to the forces of the english parliament for money at one point (yes, lol) so it wasn’t all that simple.
They fought for Charles II against Cromwell too, but somehow during Charles II’s time in Scotland before being beaten by Cromwell he seemed to developed a greater hatred of the Scots (really it was probably the insane covenanters) more so than Cromwell or English Puritans.
English Puritans were often treated pretty lightly, nonconformists in Scotland after the Restoration were often extrajudicially killed (including women sometimes) despite the fact they actually fought for Charles… for some reason Charles II developed a real hatred for them.
We Scots love war and look for any excuse to fight one. It’s really as simple as that, and the history of Scotland makes very little sense unless interpreted that way.
Yes he did. He landed with 14,000 troops. People who are invited in peaceably do not bring a large army with them. His army encountered the English army, led by James, who intended to fight, but the army defected to William, which was probably planned in advance by the English elite, but whatever. William was prepared for bloodshed, and very little was shed, but an invasion nonetheless.
Sometimes they show up with troops in a ceremonial sense. The American occupation of the Philippines happened that way. They showed up with the American Navy, exchanged a few ceremonial cannon shots at the Spanish Navy for the sake of honor, and then the Spanish left. It had already been decided ahead of time by the politicians. I am not arguing too hard over William of Orange because I am not familiar with the events, but there are times when the military forces present are wholly there for reasons of tradition or propaganda.
This would be worthy of real further research and (Jim’s) commentary. It is hard to sift through Whigipedia propaganda and arrive at reality, but a brief scan does suggest that part of James might have held out hope of maintaining power until his abandonment. But a few facts stick out as undeniable to me, namely that (a) William and his largely ceremonial army was invited in by Parliament, (b) that said invitation was contingent on his co-reigning with Mary, and (c) none of what happened qualifies as either “revolution” (Whig propaganda, esp. the goofy “Glorious” part) or “conquest” in any meaningful sense of the word. Parliament in those days was simply the landed gentry. The question of absolute rule did not at all involve anyone apart from royalty and nobility contesting each other’s rights and prerogatives. Cromwell and the Puritans – the real leftists – had little role to play in this intra-elite drama, having humiliated themselves in their little utopian dictatorship mere decades before.
Ah so a 17th century glorious revolution is quite unlike a 20th century glorious revolution.
17th century was a glorious “revolution”, 20th century were “glorious” revolutions.
Financial Advice Question:
Let us say one has around $80-120,000 sitting in mutual funds. Given the current predicament, what would be the wise move?
Do you think the Cathedral intends to blame the upcoming financial crisis on Evergrande as they did in 2008 with Lehman?
Just liquidate into cash in the near term. I know this whole hysterical financial apparatus is like “But muh S&P 500 is making a bajillion percent per month!” and people get FOMO but soon it will be negative two bajillion percent or so, and whatever minor percentage point progress you made in the intervening months meaningless.
As far as crypto and the like, I am literally too retarted to understand such things so far so others will need to comment. Our overlord is of course a legendary theorist of crypto.
That said, my own entire active portfolio is in an elaborate constellation of broad market shorts (largely through put options), meaning if I’m right about my theory of collapse I shall become very rich and if not I’ll be pretty much as I was before. But get out of simple long positions now is what I’d say.
You absolutely do not want to be in us toilet paper currency now. Some tech is still advancing, find well run companies in those techs actually advancing or be in crypto or crypto miners.
I just do not see it. Stocks, esp. tech stocks, are so insanely overpriced right now that even given 5-10% inflation, simple cash is (again, short-term) better than jumping on the sinking ship of US equities at all time historical highs.
It is of course a matter of your own risk profile, but I would risk a moderate inflation haircut over the potential 30-50% losses in the broader market.
My cash holdings are not in the dollar, by the way. I would look into the Swiss franc. It is still way undervalued due to their central bank activity, in my view. They have a strong incentive to devalue their currency for export reasons, and if the Swiss banks fall then capitalism is over anyways and we have bigger problems to worry about than a retirement nestegg.
Blue chip techs are overpriced, small cap techs are underpriced and have been in a sector specific bear market probably since I think March.
Fair enough. I suppose I just lack the time or interest to dig deeper for the good finds.
A couple postscript comments about the Swiss franc (promise I’m not paid by the Swiss gov’t): what we have in this currency is a kind of anti-dollar. Instead of doing everything in their power to prop up a failing currency, the Swiss central bank is doing everything in its power to prevent the world from recognizing its strength and letting the franc rocket to several multiples of its current base. In 2015 they lifted their finger gently from the euro-peg button and Francogeddon occured, the franc rising 30%ish in a day or two. (Or was it a minute or two? I forget.) Then the ever-sneaky Swiss central bank went back to its old monetary policy gradually and without fanfare, re-pegging the franc to the dollar (this is super unofficial, but I invite anyone to compare the exchange rate between the two since 2015).
For the crypto-oriented people here, I would also point out that Switzerland has been an early and enthusiastic adopter of various cryptocurrencies, esp. BTC. Their banks deal in it and there are about a million crypto startups all over the country. It’s even state sponsored: you can go and buy Bitcoin (at least…I haven’t followed it, other currencies might be available) at any public train ticket station in the country. Just feed your crispy Swiss bills in and out comes your crypto. Anonymous even, I think, though I’m not sure about that.
Never underestimate the Swiss as far as making money off the rest of the world is concerned. They basically control the global hard commodity industry. The franc might be pegged to the dollar for the moment, but as soon as the dollar fades into history they’ll unpeg it and then franc-holders might enjoy a Euro multiple which would make anyone jealous. I have made a bunch of money in francs just holding over the last five, six years through no further action on my part.
Big believer. They also hold an obscene amount of gold per capita.
Holding the Swiss Franc down means Switzerland is importing American inflation.
A tidal wave is head your way.
Anonymous even, I think
I think anonymity is dead in Switzerland. Buying Bitcoin at those machines at Swiss train stations seems to require your mobile number, and getting a Swiss mobile number requires handing over your ID. Whether there are ways around this in practice, such as using a cash-prepaid phone from the USA I don’t know; but in any case the machines will only spit out 5000 CHF worth of Bitcoin per year per phone number.
@Mike in Boston: Ah, that’s a shame. I should have expected as much. Still interesting to see, though.
@jim: I guess my argument/theory/hypothesis is that they would depeg the franc from the dollar as soon as it no longer benefited them, just as they did from the Euro after the big plunge of 2014-2015.
Also, actual inflation in Switzerland is nearly zero. My impression is that groceries, at least, have in fact gotten substantially cheaper over the last couple of years. (I do not live there now but I used to, and spend some time there still.)
How did I suddenly become the Swiss franc shill? There are worse roles in life I suppose…also they have lovely mountains and lakes around every corner.
If inflation is to remain low, they are going to soon need to do something about their dollar peg.
I’m exclusively in crypto, real estate, and commodities. I was in the mRNA stocks (Moderna and BTNX) for a while and sold but now they are going up now that the Cathedral is making vaccinating the 3rd world on white tax money a top priority so I’m sort of kicking myself.
Real estate is only good if you can borrow and what you borrowed for it becomes worthless but absent the easy credit its way above the market price and has been forever… it SHOULD HAVE been allowed to crash in 2008 but wasn’t. So stocks that are likely to actually grow despite all the turmoil are likely to do better than real estate.
If the turmoil becomes so bad that everything shuts down real estate you can’t defend is likely to be worthless as the titles will be worthless.
How much real estate do you own?
Currently I have a condo thats it.
Historically, rental income generating real estate keeps up with inflation. Stocks do not. If stocks are going up 20% and inflation is 30%, you’re still losing money.
Independent landlords have been getting crushed and will continue to do so as things get worse.
Looking at stocks as a monolith is a mistake… basically ask yourself will the company (and sector) grow despite all the turmoil and is the management good. You want small companies that fit this mold. Ideally very small cap ones, you make money in stocks when small caps become big caps or have a big move.
Also bitcoin miners are great because you can option trade them… assume a good uptrend but assume they’ll “revert to the mean”.
Every independent landlord I know is doing great, even when the eviction moratorum was in place. I do not know one who had a problem with that, and I know quite a few.
I don’t trust any US based company and the US stock market as a whole given the rampant insider trading. I’m sure there are small good profitable companies that are flying under the radar of globohomo like you say but I don’t care to spend time finding and researching them.
The Bitcoin miners are probably good but I’m heavily invested in crypto anyway, it would be redundant for me.
If the upcoming financial storm turns the dollar worthless any investment in stocks will amount to nothing. If the US dollar will collapse within a year, New Guys’ best option would be to convert his mutual funds into crypto or gold.
Regarding that sentiment…
Assuming the dollar will not collapse immediately, would index funds suffice? I know Jim has recommended certain BRIC and East Asian indexes. Given all of my colleagues and family who have tried to beat the market ended up doing no better than the indexes, I have invested most of my funds into American and European indexes.
I recommend overseas index funds.
https://www.businessinsider.com/heres-what-happened-to-stocks-during-the-german-hyperinflation-2011-11
Nope they overall appreciated in dollar terms overall even during the Weimar hyperinflation.
The reason stocks are adversely affected by inflation is that corporations depend on books, book keeping, and accounting, and shortages and unstable price levels bugger bookkeeping, and thus bugger accounting.
Though what is really buggering accounting is that accountancy has been assimilated by the priesthood, and now tracks the creation of holiness, instead of the creation of value. Bookkeeping, however was still OK, last time I knew what was happening, so corporations were more harmed by the intrusive actions of the diversity commissars of human resources, than the meaningless holy rituals of the accountants. But with inflation, bookkeeping is going to get whacked from below by the instability of money, at the same time as it is getting whacked from above by the accountants.
We are seeing wild fluctuations in spot traded goods, such as lumber, and critical shortages in goods with sticky prices, such as automotive parts, rendering the books meaningless.
The corporate form depends on book keeping. The books enable the shareholders to know how the board is doing, they enable the board to know how the CEO is doing, and they enable the CEO to know how the company is doing. Books require a stable and universal measure of value. Without a stable and universal measure of value, nobody knows how the company is doing.
You probably don’t want low margin businesses in inflationary times as price unpredictability is much much harder on you when you have high volumes and low margins.
Lower volume but higher margin businesses should be fine.
Low margin businesses are entrepots. They buy bulk finished goods and bulk services, and distribute them in small mixed bundles. They are unaffected by shortages.
A high margin business makes a finished product from many parts. Shortages are lethal, and the difficulty of transacting in an inflationary regime has similar effects.
If one item is missing from the low margin business’s bundle, no big deal. If the drive shaft is missing from your tandem semi, you are out of business.
If everyone knew that at 7PM, the decimal point on the price of a packet of hamburger would shift by one decimal point, you could keep doing business, but hyperinflation does not work like that. It hits one week and not the next week. It hits one item, and then there is knock on through the supply chain, and then, weeks, months or even year later, it hits the items downstream in the supply chain of that item.
It is not a general rise in the general price level. It is that there is no general price level.
Money has functions four, a medium, a measure, a standard, a store.
Rapid inflation is not just that its value as a store collapses, it is that its value as measure and a standard collapses. You cannot do the books, because the relative prices do not indicate relative value.
You cannot do transactions over time, because no one knows what the payment will be worth when it comes due, you cannot compare prices, because the low price item is probably unavailable, or will be before you get it, and the entries in your books are meaningless, because they fail to indicate the comparative value of the corresponding journal entries. Right now there are more diamonds available than there are drive shafts for semis.
During hyperinflation, you are likely to see a bar of candy and mansion with similar list prices. Not only is comparison over time meaningless, but comparison at any one instant is meaningless.
Im predicting steadily high inflation but not yet Weimar inflation.
I am predicting violently unsteady high inflation, which gradually, probably not all that soon, comes to resemble Weimar.
Violently unsteady inflation is what I’m observing. Stuff missing from shelves, contractors can’t find basic parts, fast-food joints shutting down to lack of food stuffs, etc.
I dont see too many shortages in Florida, which makes me think supply disruptions i hear elsewhere are covid restrictions demons not due to price uncertainties.
The supply disruptions have not hit the end consumer yet. They are higher up in the supply chain – read the image in the article.
Biggest thing I’m seeing is labor shortages, but I am not making big purchases.
None of the people in logistics and distribution give a fuck about COVID or the rules. Goods are just not flowing properly anymore. During the height of the lock downs, predictable things were out of stock but the sorts of things currently out of stock doesn’t make any sense.
All the COVID restrictions at this point are about public worship of the COVID demon, non of which applies to delivery of goods.
Chip industry is fucked up and having shortages and that was covid demon related, perhaps the other stuff is too, perhaps not, perhaps a little of both.
Chip industry was, and is, the sticky price problem – that prices are negotiated long in advance of delivery.
TSM recently raised prices twenty percent – which would have been fine if they had done that a year ago. Should have recently raised prices 200%, because no one knows what the money will be worth when the deliveries are finally made and the money actually arrives.
What they should be doing is look at the scalper markup on chips delivered, triple the markup, and negotiate any new deliveries on that basis.
Re. inflation. I bought some epoxy putty on Amazon a couple of days ago for $13.95. I bought the same putty in July for $10.95.
In my industry random things are on backorder in a revolving pattern. Sand, aluminum tins, various chemicals, machine parts for lab instrumentation. Mostly simple stuff, although obviously we’re also seeing problems due to the chip shortage. Items on backorder with sometimes no idea of when they will be available.
Backordered items are often available suddenly, although sometimes it takes weeks. Historically this had not been a problem.
I also had a period of time last year where I had the best hiring market I’ve seen in my entire experience, I immediately had multiple good candidates to choose from for any opening. This year I don’t get resumes for weeks, people do not show up to interviews, if I’m lucky I’ll get one candidate for a posting but I’ve mostly been carrying open positions all year.
Our turn around times are often double what they historically have been, mostly due to lack of staff.
Printing money empties out the supply chain, and it cannot refill until people adjust their inflationary expectations. Right now I am seeing massive normality bias.
The supply chain empties out unevenly, with the top of the supply chain going empty first, and the consumer end last.
We have twice the normal amount of money sloshing around in the system, so to return to normality, prices and wages have to double – but before that happens, we will probably have quadruple the normal amount of money sloshing around in the system. And at some point someone will hit the panic button, and there will be a crackdown, and then you have numerous financial entities that are accustomed to free money on demand not getting it, and there will be financial crises, whereupon they will likely take their finger off the panic button.
The story will go around, and be accepted, and for a little while be sort of true, that the massive increase in money was a one off event, and it is not going to resume, and people should stop having inflationary expectations, but in fact it will not altogether stop, and will likely be resumed after a little while, for the fundamental problem is lack of discipline, virtue, unity, and cohesion in the elite. The termites in the rafters have reached the point where the rafters start falling down.
In the short term your business should massively raise prices. Upon finding you can get away with a massive rise in prices, raise wages. The price and wage level has to adjust to reflect the volume of money. Your competitors will not steal your customers, because they will not be able to supply them.
I’m seeing a noticeable number of items out of stock, in online businesses and at IKEA. Nothing that can’t be worked around, perhaps it is still yet temporary, but it is noticeable.
@Jim. that’s basically been our approach, surcharging customers to get the standard turn around time, though we should also raise the list prices. We’re way too gun-shy about that. Wages are being increased in small but frequent increments. Most of our competition bit it in the aftermath of the 2008 era troubles so we are not at risk of really losing customers, any competition we have has the same problems.
As you say there’s massive normality bias, people see this as transitory pandemic related trouble right now. If people know what’s really happening they’re not openly talking about it. I find a lot of smart successful people are weirdly not very curious about monetary policy.
Speaking of the Covid Demon, my daughter just informed me some ESPN figure whom I never heard of got partially cancelled for saying on a podcast, AFTER she got her shot, that she was nervous about getting the Covid vaccine. Google news “Sage Steel”. She’s half Black so I guess the Covid god trumps the diversity god.
The biggest problem with real estate is buying in a nice neighborhood that then turns into a niggerhood. So yes I’m buying only where I know which is near where I live.
Hence why they’re importing Haitians.
Yes. The spics are no longer reliable as we saw with the Texas border counties trending hard to the right in 2020. They really want DeSantis out, they aren’t confident they can fraud him out so they are going with the ole reliable…Mass Democratic voter importation. Would not be surprised if the majority of Haitians make their way to Florida.
They are sending them to Florida but they cant vote in 2022 legally (in Florida that means something) and Florida voting is mostly fraud proof now.
Normality bias. Legality is over.
Nothing is fraud proof until fraudsters start being dragged off by mystery men to an unknown destination during counting.
My guess is they’re being sent out to make places unsafe and to punish white people.
It’s their only play against the Amerikaner.
Speaking of Haitians, one example where blacks defeated whites in battle was Haiti. How did that happen? Did disease simply kill all the white soldiers and render them military incapable?
Treason.
Whites in Haiti were defeated in Paris, not Haiti. Needed to declare independence.
New narrative forming: https://knews.uk/chinese-defectors-claim-that-wuhan-military-games-was-the-first-spreading-event-of-covid-19/
https://www.dailymail.co.uk/news/article-10014895/Ex-Chinese-Communist-Party-insider-Wei-Jingsheng-speaks-Wuhan-theory-relating-Covid-19.html
Yes covid did start at the wuhan military games, but no, not because it was foreign brought. Rather it was a cunning plan by China to infect its heartland so that the foreign devils will then go home and spread the virus.
Ba da tsss.
Probably strengthens a bit the war hawk side.
Speaking of which, any comments on Tucker Carlson’s theory that the vax mandate has an additional filtering feature to cleanse the army, police, hospitals, schools etc of “unbelievers” and only leave “the truly loyal” in place?
“Speaking of which, any comments on Tucker Carlson’s theory that the vax mandate has an additional filtering feature to cleanse the army, police, hospitals, schools etc of “unbelievers†and only leave “the truly loyal†in place?”
Of course.
During the LA Riot’s LADP Korean officers provided the Roof Top Koreans with ammo, direction, intel, and activity resisted the LAPD’s attempts to stop the Koreans from defending themselves. I still remember the media and the mayor begging the LAPD to stop those evil Koreans shooting who were shooting the Rioters.
LAPD said no because the Korean officers made it very clear that they would shoot their fellow cops and with the legitimacy that comes with the uniform all the Roof Top Koreans would also fight back against the cops. LAPD would lose and thus refused to arrest them.
Globohomo is planning a genocide and they need to get people loyal to the side they plan to exterminate our of position where they can act against or inform against them. No genocide can go forward without it.
Going forward I think hospitals are going to be nothing more than places that mass murder the unbelievers.
Did not know that about Korean officers. Amazing.
Ditto.
https://noqreport.com/2021/09/22/heres-why-doctors-go-along-with-covid-panic-porn-and-cdc-prescriptions/
Can any of our doctor anons speak to how true or not true this is.
In Europe at least, and I suspect in the states as well, a doctor is a bureaucrat, as evidenced by the fact that you always pay your doctor through a middle man, which middle man is the state. So yes, pretty true.
There must be someone with some sanity left in the ruling Junta. They’re trying to signal that the fed is going to tighten things up. The odds of that actually happening is probably pretty close to zero but it a sign that at least some of them realize what’s they’re unleashing.
Larry Summers perhaps. The fed can’t move off the zirp, debt is too high for them to pay interest on it.
They can stop printing and borrowing maybe (they need to kill the covid demon everywhere though) but the interest rate can NEVER go up without default.
14 And Joseph gathered up all the money that was found in the land of Egypt, and in the land of Canaan, for the corn which they bought: and Joseph brought the money into Pharaoh’s house.
15 And when money failed in the land of Egypt, and in the land of Canaan, all the Egyptians came unto Joseph, and said, Give us bread: for why should we die in thy presence? for the money faileth.
16 And Joseph said, Give your cattle; and I will give you for your cattle, if money fail.
17 And they brought their cattle unto Joseph: and Joseph gave them bread in exchange for horses, and for the flocks, and for the cattle of the herds, and for the asses: and he fed them with bread for all their cattle for that year.
18 When that year was ended, they came unto him the second year, and said unto him, We will not hide it from my lord, how that our money is spent; my lord also hath our herds of cattle; there is not ought left in the sight of my lord, but our bodies, and our lands:
19 Wherefore shall we die before thine eyes, both we and our land? buy us and our land for bread, and we and our land will be servants unto Pharaoh: and give us seed, that we may live, and not die, that the land be not desolate.
20 And Joseph bought all the land of Egypt for Pharaoh; for the Egyptians sold every man his field, because the famine prevailed over them: so the land became Pharaoh’s.
21 And as for the people, he removed them to cities from one end of the borders of Egypt even to the other end thereof.
22 Only the land of the priests bought he not; for the priests had a portion assigned them of Pharaoh, and did eat their portion which Pharaoh gave them: wherefore they sold not their lands.
23 Then Joseph said unto the people, Behold, I have bought you this day and your land for Pharaoh: lo, here is seed for you, and ye shall sow the land.
24 And it shall come to pass in the increase, that ye shall give the fifth part unto Pharaoh, and four parts shall be your own, for seed of the field, and for your food, and for them of your households, and for food for your little ones.
25 And they said, Thou hast saved our lives: let us find grace in the sight of my lord, and we will be Pharaoh’s slaves.
Globohomo is taking The Great Reset masterplan from the bible itself.
They should read the next chapter. It’s called the Bronze age collapse.
I am not fluent in ancient history, what exactly happened?
Quick read in wikipedia says natural disaster and development of iron working but no mention of slavery.
The story of Joseph in Egypt is describing how socialism was established in Egypt. All late bronze age civilizations had adopted command style socialism, typically referred as palace socialism for the factories they found in the royal palaces towards the end. Then in a period of about 80 years every major Bronze age civilization collapsed. Cities were abandoned, writing disappeared, entire peoples were wiped out and replaced by groups of people migrating in. The dark age lasted around 600 years.
Socialism always ends the same way: Starvation and collapse. When things get really nasty is when ever major civilization adopts it at the same time.
If you want a education on it, search for Bronze age collapse on YouTube.
You’re forgetting the fact that Egypt was one of the extremely few nations to survive this collapse. Why was that? I haven’t studied this in depth, so the question is sincere. Their specific system seems to have had some sort of resilience built into it.
Egypt was on the periphery of Bronze Age civilization, so may have been less affected by what was ailing it.
And it not exactly survive the Bronze Age collapse. While everyone else’s cities got leveled to the ground and burned over a period of fifty years or so, Egypt successfully defended its cities, but post collapse Egypt was a shadow of its former self.
My interpretation of events is female emancipation, (Kingship being passed in the female line) declining population, immigration of fertile outsiders. The outsiders did not like having the decadent culture imposed on them, and liked socialism rather less. To resist, organized themselves into nations, and cut off the problem at the root. The Cominator on steroids, plus tribal, religious, cultural, and racial differences.
Simple racial and geographical dynamics may have played a major role. That the pharaohs were basically Celtic, i.e. European, in origin is, in light of recent epigenetic findings, not as controversial or ‘conspiratorial’ as globohomo would like. Were any other surrounding nations of extra-semitiic stock? I have spent not a few hours of my life thinking about the Etruscan (i.e. Celtic) inscriptions on the inside of several recovered Egyptian mummy wrappings.
This might raise an uncomfortable question in our circle. Alfred thinks this is about socialism. Maybe it was. But what happens when socialism is linked with nation and national identity? Does it build a resilience?
It could be as banal as ‘Egypt was just richer and stronger than everyone around’ or it could be that the key to their survival was self-subjection to a specific national, racial, and religious history which remained impervious to outside intrusions, or more impervious than any competitors at least.
Relevant reading btw: https://en.wikipedia.org/wiki/Liber_Linteus
Unlikely. Female emancipation happens to subjected peoples. It’s the most elegant way to suppress fertility. And female emancipation is most effectively achieved by turning schools into coeducational facilities. That’s unlikely to have happened in the Bronze Age. Female emancipation could’ve happened but it would’ve followed some other catastrophic event such as invasion by a nomadic-pastoralist steppe people, and it would only be among the old and undesirable womans. Female emancipation as you think of it today requires massive, continuous state intervention: 15 plus years of public schooling PLUS trivially available contraceptives PLUS hours of daily exposure to TV and/or social media PLUS a local police department (often run literally by one more federal intelligence agencies) looming in the background of family courts and domestic abuse laws and so on.
The latest, sickest variety probably also requires ready access to free, unlimited, high-definition hardcore pornography from puberty onwards.
The point is, it isn’t an accident. In politics, nothing is an accident. If it happens, you can bet it was planned that way.
On the contrary, female emancipation happens from the top down, reflecting breakdown in cooperation among the elite. The Alphas want to fuck the beta’s women.
It is failure of cooperation, defection between men leading to defection between men and women.
Suppressing the fertility of inconvenient people also happens, but it is something of an afterthought. It is also rather more transparent and open. The motive of suppressing fertility is openly discussed when they are pushing female emancipation on hostile outside groups, but there is no ingroup among us where they quietly go easy on female emancipation.
The modern situation is completely without precedent in the history in the world. At least as far as we know, and for all of the described reasons, which are essentially technetronic in character. Female emancipation in our society happened from the top down, but along grooves laid out by the families who took over during and after the World Wars. Just ask CIA-backed Gloria Steinem and the millions of other intel cutouts you Boomers loved, like Hugh Hefner and Playboy. Of course, anything could have happened before the Dryas impacts. Indian myth describes nuclear weapons, and Oppenheimer wasn’t shy about believing in its historical veracity, so who knows.
Nuts.
It has happened over and over again, for example in the Islamic holiness spiral that culminated in the Mad Calif and led to the closing of the Gates of Ijtihad.
Peoples, nations, cultures, tribes, and faiths are always emancipating their women, and vanishing from history though failure to reproduce.
The priestly class tell parents that the Gods command their daughters be sent to the temples to become temple prostitutes for a few years before marriage. This ruins the women for reproduction.
In the west the priestly class tells parents to send their daughters to college where they trained to be whores without pay for a few years. This also ruins women for reproduction.
The more things change, the more they stay the same.
You’re right. The possible derangement of some medieval Moslems a thousand years ago in an event I’ve never heard of and that doesn’t show up on Google or Wikipedia means that the “Intelligence†“Community†had nothing to do with female emancipation in the present day as an intentional policy of spiritual and material subjugation and population control. You’re right.
You are suffering from presentism.
First wave feminism started long before we had an intelligence community. Started in Regency England, and started at the top, with emancipation of aristocrat’s wives.
Started with an attack on the capacity of Kings to reproduce.
Observe that “double-barrelled names” (male cope at taking his wife’s name) are seen as upper class in England historically.
Increasingly proles have “double-barrelled names.”
Okay, but how is that in any way related to the goings-on of the United States of America?
Women’s liberation started at Havard, immediately after it started in England. The first women’s rights activist in the US was John Neale
The USA was not in religion or family terms a single country when English aristocrats started taking their wives’ names. Contemporary accounts record that in NYC, the female supremacy was much more advanced than in England. There do not seem to be a lot of English or Dutch people in NYC today.
Oh, cool. I see. You’re saying that we need to kill the Anglophiles.
I recommend Robert Drews’ “The End of the Bronze Age” as a fairly short and readable book covering this in some detail. (Hat tip to Bonald at the Throne & Altar blog for mentioning this way back when, I never would’ve heard of it otherwise.)
The case Drews lays out is roughly as follows:
– You had multiple major civilizations – Egypt, Mycenaean Greece, Cyprus, Crete, the Hittites, the Mittani, and various city-states in what is now Syria and Palestine – that had existed for centuries and were relatively stable.
– Over a period of a decade or two, most of them disappeared. Archeology indicates a clear layer of ash and arrowheads right at the disappearance point. In some cases – the city of Ugarit, for one – cuneiform tablets were recovered that were being baked in the ovens literally the day before the attack. These tablets detail assorted military preparations, orders for moving troops around, production of weapons, desperate requests for assistance from allies, and so on. Evidently, to no avail.
– The overall pattern was that the destruction started in the north with Greece, worked its way around down the Levant coastline and into Mesopotamia, and came to a screeching halt in Egypt when Rameses III won a battle against enemies he called “the Sea Peoples”. That said, it marked the end of Egypt’s status as a superpower capable of projecting force much beyond the Nile.
– Other than the victory stele Rameses III put up, there is essentially zero detail anywhere about exactly what was happening. Homer’s epic poems are set in this period but Homer wrote centuries later and clearly had zero clue how things actually worked. For example, he describes the Mycenaean Greeks as using chariots in war, but the way they were used in his poems was as taxis from the camp to the battleground, where the heroes would then get out and fight on foot. Complete nonsense.
Which leads into a very important point:
– We have fairly good records of chariot warfare from India and China, from when they were at similar tech levels. Consistently, the pattern is of chariot-borne archers – fast, fluid battles of maneuver, aim, and rapid fire. There is zero archeological or historical evidence to think that the Med bronze age societies used them any differently. There is considerable evidence that chariots were considered the decisive arm of the army – infantry is, in multiple cases (particularly in descriptions of campgains by various Egyptian inscriptions) basically used to sit in place and hold fortified positions and nothing else; OR to pursue bandits in hills. Open warfare against other city-states was chariots on plains where they could maneuver.
But:
– Chariots, for such a society, are hugely expensive. You need two horses (which eat a lot), wheels that roll cleanly and fast, a chariot body that will hold up in thick of battle, a driver, and an archer. When you work out the numbers, you’re looking at something like a hundred peasants / civilians to support one chariot. Therefore Bronze Age armies were numerically very small – right in line with the later descriptions of the period as an “age of heroes”.
There are a couple other pieces of information that may be observed in the archeology, which, in light of the previous, make everything suddenly make sense.
Specifically:
– Swords, as we currently know them, DID NOT EXIST until those few decades marking the end of the bronze age.
This might be hard to believe at first, but it’s fairly clear. The Egyptian infantry is fairly well-documented as being equipped with large clublike things that might have had sharpened edges or points or spikes but were not easily maneuverable or swingable. The Egyptian infantry tended to operate in squads of four men, all with these clublike things and huge heavy shields. Suitable for shrugging off arrows from a passing chariot, or beating off a direct attack, but not anything else. The standard light one-handed sword of sword&sorcery and medieval imagery appears very suddenly right prior to the period when everything went to hell. In Ugarit, for example, they were suddenly forging large numbers of these things when the city fell.
– At that same period, a new type of shield shows up – a light buckler, two to three feet in diameter. Very suitable for use with a light one-handed sword, and the combination suitable for a man fighting in a loose skirmish group of no particular formation.
– Also at that same period, javelins suddenly make the switch from use in hunting – where they had existed for a while – to warfare – where they had, apparently, never been used prior. (Interesting note, many of the javelins from the Bronze Age collapse period are inscribed with the names of the owners, or special names like “Death-Dealer” or “Sure-Flyer”.)
You put all this together, the picture that emerges is as follows:
On the one hand, old, calcified societies that have hugely invested in chariot warfare and the specific forms inherent to that.
On the other, loose bands of skirmishers, able to equip fifty or a hundred warriors for the cost of a single chariot hero, massively outnumbering the charioteers, motivated by lust for plunder, and tactically able to dodge the chariots, block arrows with the mobile shield, take out the chariot horses with javelins, and then close with a couple buddies to murder the crew. And completely superior in every sense to the old form of military infantry.
It’s no wonder the defending city-states described their enemies as innumerable and endless hordes.
As mentioned, Ugarit was desperately trying to convert their military to the new weaponry and tactics when the city fell. They didn’t have time. Egypt did. Rameses III, in his victory stele, specifically praises his infantry on a level equal with his chariots, which no Pharaoh had ever done before. Egypt was able to mass-produce the weapons, conscript and train suitable infantry, and stop the hordes. But with the end of chariots being effective, Egypt’s ability to project power disappeared as well.
As for who exactly the “Sea Peoples” were, Drews makes a pretty solid argument that they were a mix of bandits, mercenaries, refugees, and just generally random wanderers displaced by the steadily mounting crescendo of destruction – he traces all the names Rameses III mentions back to specific populations in various parts of the Mediterranean. The ability to apply a much larger proportion of available manpower directly to military purposes explains why they seemed to appear out of nowhere and then disappear into nowhere. They were there all along.
Now: consider aircraft carriers.
Wow, thanks.
> the Sea Peoples
Yes, the Irish.
They also described them as endless hordes because all the Bronze age civilizations were suffering from population decline. Patriarchy always wins in the end if for not other reasons than numbers of children produced.
>Egypt was able to mass-produce the weapons, conscript and train suitable infantry, and stop the hordes. But with the end of chariots being effective, Egypt’s ability to project power disappeared as well.
Egypt was already in terminal population decline, so much so that instead of enslaving the sea people’s they beat they settled them in costal areas and kept them around as troops to ward off other sea peoples.
The story you present is incomplete. There are cities in places like Mesopotamia that were simply abandoned with no signs of warfare, cities in Greece where the only thing burned down was government offices and then shortly after the cities were simply abandoned by everyone in favor of small villages.
The internal collapse came first and the sea peoples and others were patriarchal people brought their families to replace the collapsing civilizations. When one area would fall to chaos and disorder people would flee to areas that were still ok and the locals had plenty of room for them in their cities, indicating long term population decline.
Governments were trying to run everything from manufacturing, mining, farming, and even trading with predictable results.
Finally it was the invention of the Iron Tipped Javelin that ended the reign of the charioteer, a tech that development only really took off as the trade routes for copper and tin collapsed.
My understanding is that iron tipped javelin revolutionizing warfare happened as the cities started burning, but there was plenty of collapse, and quite a few burning cities, before then.
I conjecture that growing troubles from hostile patriarchal immigrants who did not respect the native priesthood, despised the sexual morals of the natives, and equated Kingly socialism with slavery, led to the collapse of trade due to piracy and banditry (tribe of Dan), which led to a bronze shortage, which led to the application of iron to warfare, including chariots of iron, but pretty soon some bright fellow saw that since iron was cheap, he could equip everyone with iron tipped javelins, which upended the balance between plebeian infantry (Achilles’ patrlineal Myrmidons) and aristocratic charioteers, in states that were already falling apart into chaos.
The obstacle to the adoption of iron is that early iron was crappy, because you need a really hot fire to make iron ore into decent iron, or one hell of a lot of banging with hammer. I conjecture that with a bronze shortage, they got better at it. War driving technological advance. Similarly, the US Army does not want anyone screwing Musk’s rockets, though with our military overrun by Globohomo, I am not sure how long that will protect him. When the shooting starts, probably will protect him, or he will find a sponsor elsewhere.
Population decline is stunningly invisible to cultures.
Consider the French, who are so arrogant because in 1700 their population was three or four times that of England. They were like a Russia of the West.
In just the same way, Western countries, and presumably Bronze Age nations, do not realize they are dying, and do not modulate their pride.
Japan realizes it is dying, although its birth rate is no worse than the native birth rates of many European countries.
Egypt did the best of all the empires in the early bronze age collapse, just barley defeating the sea peoples and settling them in the Levant but they were just the last to go down.
40-50 years after beating the sea peoples Egypt’s system collapsed entirely. It shrunk to just the area of Nile river while Libyans mercenaries largely ruled the country, then it was divided in half as 2 kingdoms, then invaded Nubians, etc. They systematically emptied the tombs of the kings to pay for mercenaries to keep what little they had going because the could no longer field their own army. The cities shrunk to a fraction of the size they used to be.
They were never again a great power until the Greeks conquered them.
Egypt does indeed have some resilience in it: The Nile is the most productive natural farming area on earth. Deserts + endless supply of water lets farmers bring in multiple crops every year. But even with the Nile they still starved in large numbers due to socialism.
The only nation to survive and recover from the Bronze age collapse was Assyria who did so by returning to capitalism and more importantly: patriarchy.
> But even with the Nile they still starved in large numbers due to socialism.
lol
Farmland, farmland everywhere – but not a bite to eat.
https://anonsubversion.wordpress.com/2021/09/16/interview-with-anon-on-subversion/
Interesting article… don’t agree with all of it but interesting…
Too long. What’s the gist?
Those who can hide their power (im a sperg and i cant) should deliberately parasitize and subvert the system in small ways and make friends and act as agents of chaos.
I’m a sperg and i cant but others should. Also he seconds my idea that our chads should start mass knocking up libtard women who are married or in long term relationships with libtards.
I don’t think that shit really works, sounds more like a sperg wish list.
Historically what does work is forming bandit groups, organized crime, and building clans. All those tend to prosper as things fall apart and all tend to be destructive to centralized authority.
When the Soviet system collapsed, it uncovered a number of basic structures underneath, which then moved in to fill the void.
One was organized crime, which had already for decades existed around the parallel black market system which compensated the official planned one.
Another was various “deep state brotherhoods” that had grown around the KGB, the ministry of the interior and similar organizations. Called “siloviks” today.
Another was the first crypto-oligarch production and resource managers. Starting with Stalin the USSR used “beznal” virtual money that only exists on the books, and “nal”–real physical rubles. Beznal was used for relations between factories and other big organizations. Nal was used for actual salaries and to buy stuff from shops.
It was illegal to convert Beznal into Nal (virtual money into physical money), thus turning Beznal into a currency which as a manager you can command millions or even billions of rubles in order to interact with the other big players in the economy, but you can’t convert it into real cash and buy something for yourself with it. Thus corruption was mostly limited to favors and barters.
The moment Gorbachev made it legal to convert the virtual Beznal billions into real Nal cash, the first oligarchs materialized out of the thin air. They became important nodes around which the criminal groups and the deep state brotherhoods begun to cluster.
Another important substratum which became visible once the upper strata collapsed, were the regional power networks. Once regular shakeups by Stalin stopped, in places like Georgia, Armenia, Tajikistan, Uzbekistan, Latvia, etc., the local Party chiefs put down deep roots into the local social fabric, and turned into local aristocracies. Fusing communist party power structures with local tribal and clan power structures in the more Asiatic places.
Thus, when the Soviet system collapsed, the following previously hidden power networks came into play:
1. In the Center, for a while Black Market Rules became the dominant rules as life.
2. In the Peripheries, the local party aristocracy suddenly became rulers of their own indie kingdoms, inheriting industry, military, KGB and other infrastructure.
(The Baltics aggressively wanted out, as did Eastern Europe as a whole, the Asiatic territories mostly minded their own business while paying lip service to Moscow, and suddenly, due to developments thousands of miles away, they are crowned kings of their own realms. Truly Allah loves his children, kek)
The “roaring 1990s” across much of the former Soviet empire is basically the bandit networks first reaching peak influence, and then being gradually taken over and absorbed by the deep state warrior brotherhoods, whose most visible representative is Vladimir Putin.
The places where instead of turning into medieval autocracies or cop&robber hybrids, the societies rather made the jump to “civilized European existence”, this happened due to a strong external influence from the West.
I believe this scenario can be discounted should the West start to collapse visibly, because there is no external place left to generate such an impulse. Only pockets of potential internal influence.
Unless, haha, one imagines a scenario of civilizing influence from Korea and Japan or something.
Good post. Too tired to draw lessons for our situation from it after plowing through that 23,000 word subversion thing above. Best I can come up with is: do things in the real world that build contacts and make money off the books.
Thanks for this explanation. I already knew a lot of the details but did not have the high-level view.
I am curious, these days how much independence do the the vory v zakone have from the State organs? Do they act independently?
Good question.
I believe in prisons you still have the Thief in Law system which provides the basis of the alternative system of rules, the “ponyatia”, the “prison Sharia” as it were for the inmates.
Outside of prison, on civvie street, there’s a new youth gangsta-worshiping subculture called AUE (“ÐУЕ”), with young hoodlums, especially in the depressed permafrost regions, forming gangs to shakedown pedestrians for comfort money for their imprisoned idols.
Known to have almost US/SA-urban-nigger-tier behavior. Not actual shootouts (those would bring the cops down on them hard), but the level below that with sucker-punches, beatings, muggings, small-time racketeering, and the occasional stabbing.
There was a bit of a moral panic about this phenomenon 5-6 years ago, then it sort of fell below the radar, but appears to be going strong, especially in the aforementioned regions.
https://www.kp.ru/daily/26701.4/3725256/
The actual old-school Thief in Law culture (“untainted” by absorption by the “silovik” institutions) probably survives on Brezhnev/Gorbachev levels–tolerated if they keep to their areas of activity, but outside the most unfortunate regions–not in control of anything bigger than a bad neighborhood.
The Russian Federation is made up of 80+ member states of which 3-4 are “federal cities” (broadly speaking in the Washington DC sense). 20+ of those are “federal republics” with their titular native population, plus a few autonomous regions as separate member states or as regions within larger member states.
Broadly speaking the federal republics are formed around more developed pre-existing nations absorbed over the centuries by an expanding land empire radiating from Muskovy, while the autonomous regions is where tribal proto-Amerindian territories of loose nomadic culture existed, with the wigwams, the shamans, and the rest of it.
The highest levels of homicides are in the mongoloid, pre-Amerindian, and Slavic (former gulag land) permafrost member states and regions.
http://www.statdata.ru/prestupnost-ubijstva-v-rossii
The highest homicide levels are in the federal republic of Tuva, populated by Buddhist crypto-mongols, who were the last to be incorporated into Russia. They split off from China circa 1911, then were an indie Bolshevik state from 1921 to 1944, and then got absorbed by the norther neighbor.
They are a nation of turbo-violent mongoloid drunks, a sort of tenfold amplified version of Hollywood Russia. Every evening grows into a communal bender, and every night produces waves of caved in skulls and blades in the ribs.
The capital of Tuva through the eyes of fearless albeit liberast urbanist blogger https://varlamov.ru/4251343.html
For white Russians who aren’t Old Believers and have a modest but location-independent income, where would be a good place to raise a family in Russia?
Here’s a retired orthodox American.
https://halfreeman.wordpress.com/
Small town in the general vicinity of St Petersburg. Chronicles all sorts of life minutiae, just not very regularly.
I would say every region that’s a) Slavic (the “oblast” federal states), and b) not permafrost would qualify.
https://imgpile.com/images/U1RcYL.jpg
https://imgpile.com/images/U1RsU1.jpg
Towns below 200K but above 20K, so that basic civilization is available, but if the authorities go nuts there’s enough people to blend in with.
Not on the borders with Islamic or other federal republics, and not on the border of Kazakhstan, Mongolia, China, or the Baltics.
a) Slavic oblast,
b) heartland not bordering with potentially dangerous neighbors,
c) not permafrost,
d) town small enough to not attract Asiatic migrants, but big enough to offer amenities and a chance to merge with the crowd.
Very interesting. Seems like “Slavic” and “not permafrost” coincide pretty closely on the map.
Are “naukograds” a good place to meet smart people, or are they full of Marxist zombies like America’s college towns?
1. Naukograds should be mostly hard science oriented communities.
2. In Russia and some other (not all) EE places the terms “liberast” and “marxist” do not cover the same thing.
Over there marxists are pro-Church, pro-Stalin, pro-army, pro-secure borders, anti-tranny, anti-abortion on demand, anti-porn, anti-drugs, anti immigration, and pro-fertility.
What most Western observers do not understand about contemporary Russia is that Putin and his United Russia are moderate center-right. Just like Orban in Hungary. The other three big parties (nationalists, communists, social democrats), they represent voters who believe Putin is too liberal, and too much of a western lackey.
Being a multi-national federation, in Russia the accepted euphemism for “white Russian identity” is “core state-forming nationality.” The marxists over there are combine lip service to internationalism and equality with very aggressive stances on the need “to save” the core state-forming nationality.
A central difference between Slavic marxists and nationalist right-wingers is economics. They want China-style control over all big corporations.
Thus, in a naukograd, you will likely find Putinists in most institutional positions, a mix of conservatives and marxists (in the eastern crypto-national socialist sense), and perhaps a cluster of millennial and zoomer liberasts.
Naukograds look like banal post-Soviet towns, but calmer
https://ogon-777.livejournal.com/34779.html
https://pikabu.ru/story/naukograd_koltsovo__sovremennyiy_posyolok_dlya_uchyonyikh_7749582
https://kirill-moiseev.livejournal.com/228197.html
https://ts58.livejournal.com/63865.html
https://varandej.livejournal.com/176071.html
So progressives have Jesus the Community Organizer, and Russians have Karl Marx the Pro-Family Russian Orthodox Nationalist.
Yeah I don’t agree with subversion. Bioleninism means if you are a high value white male you will be ejected at some point.
The Afrikaners are showing us the playbook. Building state-proof parallel institutions as the government’s ability to stop them from creating local order diminishes. In many respects, the Afrikaners are ignoring what is going on in the South African government. I am watching intently what happens with Afrioforum’s tax revolt.
Taking fertile libtarded women as your wife and turning them trad is a good idea (not just creating bastards with them). White wives are valuable and taking one away from them to create Amerikaner children is a great thing. In many respects you are rescuing her from being an insane barren cat lady or breeding mulatto bastards.
In many cases*
I suggest reading it…
Always pleasant to read with covfefe some anon who has a way with words.
Simple stylistic choices are also politics today. Any mainstream article reads like any other mainstream article, it’s nauseating. Like some algorithm is producing everything, including the talking points and gestures and posture of the “people on TV”.
In this sense every artistically honest sentence is rebellion, content aside.
But I also hate, hate, hate this white letters on a black background thing.
Yep. I just skimmed it due to the colors.
for Firefox:
settings-> general -> fonts and colors -> colors -> override -> always
(was using Brave, but it got too crappy)
A 2006 novel by Pelevin, which is in many ways an expanded version of the linked thing.
https://graycity.net/victor-pelevin/221554-empire_v.html
Who is feeding on who, glamour and discourse, fake social realities, the lot. A watershed book signaling, a) a deepening anti-globohomo mood of the writer, and b) the Anglosphere no longer translating him after that point.
A shame, as he reached a specific peak circa 2018.
This article, though quite long, is very interesting.
It is archived here.
http://web.archive.org/web/20210922042610/https://anonsubversion.wordpress.com/2021/09/16/interview-with-anon-on-subversion/
Please make sure that you archive, and share archived links. Speaking truth on platforms such as wordpress is an unprincipled exception. (An exception that could be revoked at any time.)
You link is stupid.
We cannot use leftist methods, because not backed by state power and because leftist methods are leftism. The supposed objectives of leftism are just rhetorical decoration, which decorations change frequently and meaninglessly.
He goes over this…
Those who start ironically worshippi
* Those who start ironically worshipping demons end up unironically worshipping them. (The method is the madness.)
Much of what he says is kind of true, if one sees power as amorphous miasma.
But he is just not noticing the problem of cohesion. Power has to cohere, and it is endlessly difficult to do so.
He is mainly talking about making the enemy NOT able to cohere… the postwar plans for decentralization would indeed probably fail. Liberty thrives on somewhat decentralized power (not TOO decentralized) but power tends to snowball and centralize and then fall apart.
Though we are mostly very mad at China they express this well “The empire, long divided, must unite; long united, must divide. Thus it has ever been.”
Some parts are stupid (and some parts are very unsuitable for nearly everyone on the right, right wingers tend to not be natural spies and saboteurs though some probably are) but some are not.
The enemy being in power, they can do no end of stuff to prevent us from cohering – shills and deplatforming is all about that.
Not much we can do to make them not cohere, but they are doing a good job of making themselves not cohere.
Likely inflation related – Chicken producers are facing inflation and supply chain issues so are now breeding their chickens for rapid massive growth causing more and more of this weird White Striping disease that significantly alters the nutritional profile of the meat. Would not be surprised if this becomes widespread across the food industry as food manufactories try to cut corners in order to keep up with inflation.
https://www.theepochtimes.com/mkt_app/white-striping-disease-found-in-more-than-90-percent-of-us-store-brand-chickens-study-finds_4010288.html?welcomeuser=1.
I may have to stock up on whey protean powder. I typically like to eat meat for protein but not if it’s going to be diseased.
Hopefully organic means they don’t get it but who knows.
Anecdotally red meats are much more edible than poultry, in my experience. I’ve never really cared that much for chicken, and i get most of my macros from ground beef, which i can use in a wide variety of recipes.
That said, i do sometimes get a whole bird occasionally for stock making, and i have noticed a marked difference between the standard ‘broiler’ chicken, and ‘organic’ chicken (using the in store generic brand).
In the EE Internets red meats count twice as nutritional as poultry.
Although it’s more of a pork region. Lard also counts as far more nutritional than most meats and all processed meats. Alleged to be full of all sorts of minerals and vitamins.
Women who want to lose weight are encouraged to start the day with a matchbox-sized little slab of lard for breakfast, to make sure their body gets what it needs without them needing to eat anything else.
I’ve noticed Telsa is doing this. I was planning on a new car for next year but its sounds like I should buy something immediately rather than waiting.
Everyone is doing this. Business didn’t increase prices immediately out of fear but now they have no choice they are finding isnt as bad as they tough. It isnt like the competition doesnt need to do the same and if you are fighting everyday just to have some stock people may well pay for your work.
So my advice is probably in most things it is better to buy now. Of course few listen to me irl.
https://www.vernoncoleman.com/observations60.htm
https://www.vernoncoleman.com/abandonedones.htm
https://www.vernoncoleman.com/nobodyiscoming.htm
For anyone that can endure reading 90s blog, whatever written there is fresh from 2021.
I find it hilarious seeing grandpa holding bar none speaking truth and his mind. Just to quote a few:
Ha, thanks!
Love the older namefags who go all in. They tend to be old school men who exhibit tremendous emotional self-control and erudition.
I checked him out. He used to be huge in his prime, and was still huge by momentum, all the way until he started speaking up against the kike spike, and suddenly was unpersoned all the way to Alex Jones levels.
But he’s an old fart so gets to do old fart blogging and doddering videos. But good for him. Another elderly hero of the age.
Here he is dubbed into Russian https://vk.com/video-40473530_456241225
Here’s some Russian language dissident stuff
https://pobasenki.ru/biblioteka/mirovaya-zakulisa/realnost-koronavirusa-kakoe-budushhee-nam-gotovyat.html (on the corona)
https://pobasenki.ru/biblioteka/mirovaya-zakulisa/globalnaya-perezagruzka-chelovechestvo-na-puti-k-mirovoj-tiranii.html (on the great reset)
https://pobasenki.ru/biblioteka/mirovaya-zakulisa/inklyuzivnyj-fashizm-globalisty-gotovyat-velikij-golod.html (on the looming hunger)
Tsargrad TV is holding the line: https://tsargrad.tv/articles/kakuju-bedu-pytajutsja-prikryt-koronavirusom_418986
(They’re like a non-kiky vax-skeptical Breibart)
I like this guy. A funny, no-nonsense Englishman in the old style. He has a very humorous report on how put off the local greengrocer lady was by (a) his bulk purchase of chestnuts (which he likes to feed to the squirrels in his backyard) and (b) that he refused to wear a mask while bulk purchasing chestnuts. A fun merging of personal and political which few writers can pull off with wit and grace. Thanks for the tip.
So China just banned all cryptocurrency transactions: https://www.reuters.com/technology/chinese-financial-payment-bodies-barred-cryptocurrency-business-2021-05-18/
Sorry, that was a dated link related to their last crackdown. The ban now seems to be global and not just related to institutions: https://www.bloomberg.com/news/articles/2021-09-24/china-deems-all-crypto-related-transactions-illegal-in-crackdown
“China’s central bank said all cryptocurrency-related transactions are illegal and must be banned, sending the strongest signal yet on its determination to crack down on the industry.
All cryptocurrencies, including Bitcoin and Tether, are not fiat currency and cannot be circulated on the market, the People’s Bank of China said on its website. All crypto-related transactions, including services provided by offshore exchanges to domestic residents, are illicit financial activities, the PBOC said in the statement.”
Cryptography will, over time, develop ban resistant measures. A multitude of such measures are on the drawing board, and rather more cumbersome workarounds are available right now. For example someone in China can ssh into a computer outside China.
Now there is incentive to give effect to those ideas, but it will take quite a while.
https://www.zerohedge.com/news/2021-09-24/perfect-storm-precious-metals
Short of it is that despite a pile of crises that should be sending gold through the roof, gold is sinking while resources are soaring under the impact of inflation.
This only makes sense if people are moving to crypto currency.
If you really want precious metals, buy silver, but if things really go bad and stay bad for substantial time, and I rather think that they will, you will not be able to sell your silver, and you will have to leave it behind when you flee. Gold was not a hedge against the hyperinflation of the French Revolution nor the Russian Revolution nor the Cambodian revolution, nor was is it a hedge in Venezuela.
Resources are soaring, because all goods and services that are spot traded are rapidly reflecting the inflation of the money supply, while due to normality bias, most goods are failing to yet reflect the realities of supply and demand. Everyone is thinking the crisis is temporary, and is reluctant to adjust their list prices. But the real crisis is that the government has lost control of the government. The presidency removed the president and now is spilling freshly printed paper money out of every orifice.
Scalper prices and other spot traded prices indicate what your list price probably should be right now – and also indicate what the wages you are now receiving are going to be worth. You need to index your prices and wages to a scalper and resource price index.
Conspiracy theorists are wondering “Who is really in charge of Biden?” The answer is: Far too many people.
I do have great reservation about crypto specially coming from those silly ancap ideas that with crypto power will not have control of currency. But i do agree with you that it is probably the perfect type of money for a refugee.
Not a easy thing since people may sooner or latter try to lynch someone for what they feel it is just price gouging.
> … should be sending gold through the roof.
should be?
Should be going through the roof presupposes, posits, assumes-everybody-agrees gold is a hedge against inflation, especially a hyperinflation — but the only people who believe gold is a hedge against inflation are gold bugs like Peter Schiff talkin’ his book and sellin’ tout newsletter subscriptions.
You yourself give excellent three revolution examples where gold clearly did not function as a hedge against hyperinflation.
So … gold is not a hedge against inflation. Let’s at least agree on that.
So what is gold? What is it good for?
As cross-generational store of value, a way to save in something other than fiat.
Everyone knows that gold is a hedge against hyperinflation, and every rich person used to diversity some of his assets into gold.
Increasingly that gold is being sold to buy bitcoin.
Gold is starting to demonetize, as crypto currency starts to eat the world financial system. It is happening now.
Not everyone who holds gold holds it as a hedge against inflation.
Look at the charts at the bottom of this post.
https://nftrh.com/2021/09/24/when-the-tight-economic-rope-slackens/
People who tout gold and gold stocks as an inflation hedge are touts and frauds and charlatans who know not of what they tout.
The ratio charts do not lie, unlike the touts and frauds and charlatans.
I do agree with you however that fiat haters have preferred crypto over gold once crypto proved it was not a fool’s flash in the pan. Kind of like back in the day, after Google IPO’d, Yahoo ceased to be king of day trading volume.
This man is a tout and fraud, and the charts do lie, for a chart over a few months cannot meaningfully show the relationship between gold and inflation.
The sudden rise in gold in march 2020 was a reaction to the fed injecting a pile of liquidity. Gold rises in anticipation of inflationary times.
Graphs don’t lie, but the text around a graph is apt to lie.
He’s not a tout nor a fraud, but a man of integrity in a gold bug world of vipers whom I have known and called a friend for decades.
Last I will offer on this subject.
It’s not time for gold should be going through the roof.
Global central banks have fire-hosed fiat nonstop since 2009. The fiat fire-hosing in response to covid has finally drowned the world in fiat, and the world is finally noticing.
What’s gold doing? It’s bidding on $dollars. Forget about what gold should be doing and notice what gold is doing. It’s bidding on $dollars. You will notice, $USD is not tanking; it’s being bid; it has a strong bid under it.
Now, your claim is gold is bidding on $dollars to turn around and buy crypto. Fair enough. Tough to prove, but no doubt some of that is happening, as I already acknowledged.
But gold also could be bidding on $dollars to buy a new truck before it doubles in price or natural gas to keep the lights on or a 10-acre ranch with water rights or a million acres of farm land to grow food or a stock pile of guns and ammo.
What is not happening is $dollars are not bidding on gold. “Why no bidding on gold, $dollars? Come on, man, the shit-show is hyper-inflating!”
I’ll tell you why. Because people with piles and piles and piles of fiat burning a hot-potato hole in their pocket still believe the piles of fiat still have purchasing power, are still worth something, and, more, that the things they buy with the piles of fiat — trucks, nat gas, ranches, farms, whatever — will remain valued and valuable into the future.
When do $dollars bid on gold?
When people come to believe that the piles of fiat burning a hole their pocket and the real things they purchased with the fiat are … all … going … to … $zero.
That’s when gold goes through the roof.
As always, all the best to you, Jim.
“When people come to believe that the piles of fiat burning a hole their pocket and the real things they purchased with the fiat are … all … going … to … $zero.
That’s when gold goes through the roof.”
No if the value of every asset is going to zero because you are in a total dark age collapse that means that ammo goes through the roof and gold is almost worthless. Gold goes through the roof in a Weimar hyperinflation but without a total breakdown in law and order if total breakdown of law and order ammunition and weapons are the most valuable commodities followed by portable food and trade goods preferably ones easily carried Gasoline is likely to be extremely valuable too..
Violating my pledge of “last word,” but can’t help myself.
You’re exaggerating trees for forest.
“Liquidity” crises, wholesale liquidation of physical and financial assets, secular multi-year bear markets in stonks (remember those; I do), default of coporate and government debts under every bush and around every corner — that’s when gold outperforms, not (contra the gold bug faggot inflationistas) during central bank InflationOnDemand inflation.
That’s all I’m offering.
Yes, of course, bullets and cigarettes always and forever will be Ultimate Money(tm) — but there’s a big gap between that and the here-and-now where we all need to live in and survive.
Gold performs short term when fiat money dysfunctions, financial crises where highly liquid dollar denominated assets suddenly lose their liquidity and their lock to the dollar, whereupon rich people move from assets similar to those that failed, to gold denominated EFTs, even though such crises are deflationary. It performs under those circumstances because gold is money and has been for over five thousand years. Gold is rapidly ceasing to be money in front of our eyes.
You are shilling overcomplicated rationales for fraudster prophecies repeatedly failing.
The fraudster you are shilling for explains the failure of his predictions by saying we are now in the Goldilocks economy. Pull the other one! We are in the frying pan economy.
Gold is illiquid, because increasingly likely to be confiscated or stolen in transit, so people rely on promises to deliver gold. A gold fund is a paper asset backed by promises to deliver gold. Promises have been failing, they will fail worse.
> You are shilling over-complicated rationales for fraudster prophecies repeatedly failing.
I’m not shilling anything.
Just trying to have a conversation.
Whatever.
We’re all gunna die, horribly, in the storm.
According to you, dump your entire net worth into Bitcoin or whatever crypto story of the day (which changes daily, weekly).
Can’t do it, not gunna happen, not me, not here. Even though you might be right.
I’m sitting like everybody else on piles and piles and piles — fat staciks! — of zero-interest hot-potato fiat $dollars.
Gold is bidding on my $dollars.
“Here! Take ‘um. Got more than I know what to do with. Thank you very much for your gold.”
Ahem.
Obviously one should diversify. I own land, shares, and other things. But would not touch gold with a ten foot pole. If it did not rise on recent events, it is already well on the way to losing all monetary value, though the process will take ten years or so, and it will have some small lingering monetary value for a century or so.
Silver was demonetized in the long depression, but it had some small lingering monetary value for a long time afterwards.
And true, the crypto story does change quickly. Events are happening fast, and what the landscape will be like when crypto fully replaces fiat is unclear. I try to keep my finger on what is happening. I don’t respond to, or even notice, this weeks news,but every so often I do a fairly in depth investigation into what is cooking.
The biggest thing to happen recently is BTCPay, which considerably improves the prospects for bitcoin. But I expect other coins to produce addons that enable BTC pay to support them. The landscape is still forming.
With BTCpay and woocommerce, anyone can put a shop on their wordpress installation, without needing a third party payments processor. This makes a huge difference, as third party payments processors tend to be agents of the state, and in the coming storm, they are likely to go down.
When the money supply was massively increased, many people predicted what would happen.
Now it is happening. And people I know with money are not blind.
If gold is actually falling relative to things with real prices (scalped goods and spot price traded goods such as lumber and oil) It does not indicate that rich people are blind. It indicates their judgement concurs with mine.
Most rich people are very smart and knowledgeable about this kind of thing (though frequently blind to the broader social picture of which it is part). If rich people are not bidding for gold with their dollars, it is because they know better than the fraud you are shilling for.
Crypto currency is simply better than gold for doing the things that gold does. Therefore gold is likely to fall, because it has lost its monetary value, and people, or at least rich people, are starting to realize this.
Silver has already fallen to its non monetary value, so will probably enjoy the stability in value (and rapid rise in dollar terms) of other resources. If you are going to buy precious metals, buy silver or niobium. But when you vitally need some money to pay for an airline ticket to safety, you will not be able to convert it. It will be valuable again when the crisis is over, but it will be utterly worthless during the crisis.
Gold is money. Silver is not. You could equally well buy ammunition, tobacco and dishwashing liquid, which will serve equally well as stores of value, and be a lot more tradeable.
And every passing day, for the first time in five thousand years, gold is less and less money. On the other side of the crisis, if there is an other side, gold will be no more money than silver is, and lot less money than tobacco or dishwashing liquid is.
But washing liquid can be watered, so may be less fungible in a crisis than laundry clothes powder or tobacco.
> Most rich people are very smart.
Rich people buy Chihuly art for insane amounts of money, not to mention mansions in the Alps they’ll never visit, let alone live in. Many many mansions.
Cross-generational, cross-regime wealth preservation.
Notice that a Chihuly sculpture never, ever sells for less than what the previous buyer paid for it. If you were a rich fuck and needed money fast, because broke, and even thought about selling your Chihuly for less than what you paid for it, you would be Epstein’d tout de suite.
I’m not shilling for anything.
DO NOT buy gold, DO NOT buy gold stocks, as a hedge against inflation.
How is that shilling?
I did, too, bought the SPY and Qs in size.
Made fabulous amounts of fiat as a result, more than 78%, best trade of my life.
Jim, How are you buying all this crypto anonymously? A post on that would be extremely useful and received with gratitude.
I second this
Gold was not a hedge against the hyperinflation of the … Russian Revolution
In the winter of 1932-33, gold was the only thing that would keep you alive during the communist-engineered famine in the Ukraine. From Miron Dolot’s indispensible “Execution by Hunger: The Hidden Holocaust:
Faced with starvation, the author’s mother extricates a gold medallion from its hiding place to sell at the state-run hard currency store:
Worth noting that what’s being described in the paragraph you quote isn’t people bypassing a state-sponsored famine by underground gold exchange, but a state-sponsored scheme to use famine to get people to pawn their gold savings to the government.
Gold was not a hedge against the hyperinflation during the Russian Revolution, because they used a variety of extreme measures, such as this one, to take your gold away.
a state-sponsored scheme to use famine to get people to pawn their gold savings to the government
they used a variety of extreme measures… to take your gold away
Both of these are fair enough points.
But what are their implications for one’s decision of how much gold to hold today, relative to other choices such as bitcoin, dollars, stocks, ammunition…
What the Ukrainian peasants needed more than gold or even ammo, was sufficient organization to kill all the commissars and OGPU men, whom they vastly outnumbered. Not accidentally, that’s also what the opponents of collectivization lack today.
If you are not holding ammo, you will not keep your gold. Food stocks tend to deteriorate over time, so it is pointless to stockpile too much food, unless one can accurately assess time frames.
The enormous advantage of crypto currency over all other forms of readily transferable and fungible value is that a seemingly penniless unarmed hungry refugee with nothing but the shirt on his back could carry a fortune in his head.
Gold bugs tend to visualize themselves hiding out in the backwoods till it all blows over, but in the French and Russian revolutions, and in the Yugoslavian civil war, the countryside was the worst place to be, because armed groups kept wandering through, taking everything they could take, and destroying everything they could not take so that the hostile armed group that was going to come in shortly after they left would not be able to get anything.
The optimum for hunkering in place is probably small town where enough people know each other, so that when the big cities have been cleaned out, and they go to clean out the countryside, there are enough townspeople to give them an appropriate welcome. But the best option is apt to be becoming a refugee. And it is a lot easier to be a refugee if when you arrive at a location with power and internet, you have money, can check into a hotel, and book a flight on a plane.
Also the Rhodesian Bush War, Mugabe’s Zimbabwe, and what’s increasingly occurring in South Africa which is likely to be the nearest approximation of what’s in store for America.
Suburb neighboorhoods of Indians and whites successfully propelled pillaging black mobs in the latest round of riots in South Africa. These are the places you want to be if you hunker down. Isolated farmers are likely to be butchered in their beds.
Farmers have a lot of value when people are starving. I’m a mountain kind of guy. The darker races just don’t like the mountains. There’s a primordial fear involved. A gang of blacks in SA can roll up to an isolated farm on the veldt no problem. In fact, that’s been their primary mode of warfare since time immemorial. The mountains though? Get deep enough in there, and my instincts tell me that Tyrone wouldn’t dare, if he even thought there was anything valuable up there. Once you’re under the trees, you’re prey.
Also, if law and order breaks down to that extent, the right move is to go out and raid and conquer rather than hunker down. Imagine a convoy of SUVs rolling down a torn-up I-95 to go on safari in the ruins of Boston. Hunkering down while the bloody tide of history washes over you is the role of the peasant. Fleeing to where things are not as bad is an indicator of a merchant.
What they have in their warehouses and fields it is even more valuable than them.
SUVs burn alot of fuel and raiding built up zones is not a heavy or bloodless task.
I like the way you think, Aidan. Mountain people are a special breed. It brings something out in you. Makes you comfortable in the high places and the forests, like our ancestors were before they took to the ground and started using tools. You become the thing that descends from the heights to prey on others.
After I learned the Priest, Warrior, Merchant model, my life makes a lot more sense. My instincts tell me to go do business where there is a market, not buy a farm and hunker down. Luckily I’m not in the US haha.
I like the mountains. It’s my favourite natural environment, though it’s obviously inherently very inconvenient from the perspective of modern civilized amenities and such.
The Alps are an hour by car from here.
Though our parks there are not so large you could feasibly live there and hide like in America I feel. Maybe once civilization collapses.
Mountain men are not going to feed themselves. There is a reason most mountainous regions are famous for raiding. Not enough area for farming and thus a focus on ranching. Livestock raiding becomes an important part of survival, or they raid the lowland farmers. Take the flatlanders’ food and daughters, fight with the other clans, and enjoy a life well lived.
It should be noted that the Venetian Republic was created by refugees of the collapsing Roman Empire. The lagoons of northern italy were defensible and hard to get to by raiders and the water access gave them the ability to trade for goods.
Hence it was a merchant Republic, I guess?
Right. The elite of Venice were thoroughly merchant class if I’m not mistaken.
“Gold was not a hedge against the hyperinflation of the French Revolution nor the Russian Revolution nor the Cambodian revolution, nor was is it a hedge in Venezuela.”
That’s not quite true. Gold was simply illegal. People do trade illegally, but they don’t advertise it; especially if punishment is severe.
What is the difference between governments making gold illegal and governments making crypto illegal?
Gold was not illegal. Property was illegal.
The problem was that state sponsored looters were combing over the countryside, not only for hordes of gold, but for hordes of grain. Indeed they were far more interested in the seed corn, and took far more extreme measures to find seed corn, than to find the gold,
The difference between crypto currency and gold is that it is a lot harder to find and to take crypto currency. Crypto currency is far more adaptive than gold when legality is gone.
Visualize the BLM doing house to house searches for “horders” In this situation, do you want gold or crypto currency?
Every hack is in a race to unilaterally increase ‘taxes’ by pouring more funnymoney into their own personal hobbyhorse, faster than all the other guys can do the same for their own pet issues – and no czar to tell them to stop.
Off topic, but somewhat Jimian themes. I read today that Errol Musk, 72, has fathered a child with the 30 year old daughter of an ex-wife. Media is saying “step daughter” but I don’t know if there was ever an adoption. A few thoughts come to mind.
1. Errol musk looks much more masculine and virile than Elon, even at 72: https://i.dailymail.co.uk/i/newpix/2018/03/17/21/4A4BB7F700000578-5513787-image-a-8_1521321857016.jpg
2. Why is opprobrium only being directed at Errol Musk and not the 30 year old woman.
3. Why does the media even know about this? I know I wouldn’t be blabbing my personal life to the media.
“Errol musk looks much more masculine and virile than Elon, even at 72:”
Somehow, haring a full head of hair at that age looks feminine.
You are just jealous. If i live that long when i hit 60 i am going full Gandalf mode.
He kinda looks that way but Trump doesn’t. I think it’s the hairstyle and the face that make him look a bit grandma-like.
Ehhh…to be honest, with that hairstyle & unbuttoned striped shirt he looks like my mother-in-law, in the ‘80’s, when she was dressing for her season. (Remember that “summer, fall, winter, spring†colors thing, those who were around?)
https://www.spglobal.com/platts/en/market-insights/latest-news/electric-power/091321-factbox-uk-electricity-prices-now-most-expensive-in-europe
Hyperflation now hitting UK energy prices. Likely coming to America next.
I posted this reply below the wrong post, so here I am double-posting, this below the right post.
**And just as BoJo gave the islanders the biggest tax raise in living memory
https://politicalwire.com/2021/09/08/britain-hikes-taxes-to-highest-since-world-war-ii/?wpfpaction=add&postid=1395211
But he’s also bringing Imperial measures back, so he must be the good guy kek.
Theory I read on some EE guy’s blog is that while proper hyperinflation may arrive, that’s not the actual agenda.
The actual agenda is to make economic life impossible, with everything costing too much, debt being endemic, and income being unpredictable and sporadic (as well as electricity, water, heating, and basic product availability), so that globohomo can then step in and Save The Day via a new social contract in which every surviving goy is “forgiven his debt†but in return society “starts over afresh†which means you will own nothing and be happy.
Same guy or maybe a link I followed theorizes that by 2040-50 it will be apparent that the new generation ordinary goys as disposable biounits now only live up to say 40 or 50 for some incredible unknown reason, while the benevolent rulers try to break beyond 120.
There is no coherent plan, or rather there are too many plans, all with varying levels of evil, Many contradicting one another.
Among the most evil is what you describe and what I also see the populist alt-right coalescing around. It is the story of the Great Reset: using covid, neocommunist states will assume total control of the population through social, political and economic measures designed to take away its inhabitants’ power so that we may better worship mother earth, who is totally not a demon demanding mass human sacrifice.
Thing is, even though this is totally correct and happening, it’s just one of many schemes happening. Every politician is scheming and they are all hatching very clever plans to get themselves ahead at the cost of others. The net result of all these clever schemes is societal collapse. What is happening is not that Sauron’s eye is growing, but that it is collapsing.
According to Alexandr Dugin’s interpretation of Jung, psychotic collapse begins in a man when his Anima takes on the form of the Mother and overwhelms his conscious mind.
Perhaps, among other things, this is what we are seeing accelerating on a civilizational level as well. The Mother anima arising and engulfing the patriarchic structures whose many safeguards were dismantled over the decades by the generic Prof. Alisa Goldbergstein and her lot.
Which reminds me that over the last quarter century, what with the ozone layer thing and global warming and Gates experimenting with blocking out the sun–part of the deeper demonic impulses are not only anti-father, anti-phallus, anti-hierarchy, anti-category, anti-boundary, anti-order etc. — when you dig deep enough they are anti-Sun.
Hence being anti-life simply goes with the territory.
A Great Mother, Lunar-based inverted order trying to break into chunks and digest the Solar father-based order.
The dystopia of the toxic mother who controls every minute detail of everyone’s life, promotes ‘fairness’, but is also quite OK with destroying children and men because ‘they behaved badly’, or are an inconvenience.
To the toxic great mother deity men are ‘defective women’ who need to be ‘cured’. Hence the tranny promotion, the soyboy promotion. These are ‘cured men’.
“To the toxic great mother deity men are ‘defective women’ who need to be ‘cured’. Hence the tranny promotion, the soyboy promotion. These are ‘cured men’.”
I’ve thought this myself. In schools males are taught that everything about being a straight male is evil and oppressive. The only way out for a lot of them is to pretend they aren’t males, some even going so far as to have their genitals surgically removed. It’s gotten so bad that everttime I see an anon claiming to be a female online I assume they’re a tranny.
> It’s gotten so bad that everttime I see an anon claiming to be a female online I assume they’re a tranny.
Heh. In the earlier days of the internet they used to say “there are no women on the internet” and everyone assumed a “woman” was just a guy pretending. It seems like we just added a different label to that.
I’m not familiar with the etymology of the term “discord tranny”, but holy shit are there a lot of trannies on the Discord servers I’m part of. Seems every time I look at someone’s profile they mention their weird ass pronouns and whatever stupid obscure shit they’re into.
Trannism is what the Cathedral is offering to Omegas. They get to be high status pets.
Recently I saw someone on twitter who I actually recognised from my old high school. He had the works, the made-up sexuality, the “genderqueer” stuff, and he even claimed 1/16th ancestry of some minority (think native american). In high school he was just a white guy. I suppose he graduated from school, went to college, and suddenly learned he was embedded in a social milieu in which normal white guys were bad so he adapted himself to it.
I haven’t said anything about the constant use of the “kike spike” meme, which literally no one else uses, but whatever, it was technically developed in Israel and people are entitled to their personal catch phrases, right? These latest posts, though, are starting to smell like fedposting. Seems to be a strategy to inject progressively more “jew vs. goy” memes into the discourse, gradually ramping up the frequency and ramping down the subtlety.
Maybe I’m wrong and it’s just always been his posting style. Did he ever pass the Mueller test?
Gas the bikes race car now.
Thank you for this post, it had an effect. Albeit in the future I’d prefer none of that third person stuff.
I’m no prepper or accelerationist. All I ever wanted was a golden time of plenitude, liberties, and peace, as sold by the early Fukuyama. I did not ask to be in a time period that forces me to shake off my accumulated filters and start seeing reality. A shock I’m still processing, and the fact that reality is accelerating at the same time, always steps ahead of my capacity to quite handle it, ain’t helping.
Doing irl stuff, balancing things, yet with this nagging knowledge at the back of the mind. At times I’m calm and good humored. At times I feel a rising rage. Both moods are reflected in my posting style. Abstract info and insight sharing vs glimpses of rage. The rage is directed at events happening in many fields. The RNA and vector shots and the snowballing political processes around them are very much among these topics.
I’ll do better at self-control.
Jesus Christ is my lord and savior and Son of God. I do not believe in a Judeo-Christian civilization. This is to me a post-WWII hoax. I believe in a Greco-Roman Christian civilization. Before late 19th century this was IMO self-evident across Christendom.
I do not believe the Abrahamic religion concept quite applies to Christianity. Judaism and Islam are prophet-centric religions. Christianity is a Savior-centric religion. An avatar-centric religion if you will. Aryan avatar-centrism vs Semitic prophet-centrism.
Vids from the happenings in Australia these days made me lose my cool.
But before I retire the term, I’ll say it again. Kike spike. Kike spike. Kike spike. Pfizer’s Albert Bourla. Moderna’s Tal Zaks. Sputnik’s Gintsburg. The lot. Kike spike.
Nothing wrong with “kike spike”, but our host had already introduced the term “clot shot” which is an excellent term as it covers the present dominant side effects in a nice phrase.
Why are you are feeling rage directed at events? Bad whether or an accident are an event. There is no-one to blame. The events that make you feel rage are deeds of persons. I direct my emotions at the persons who deserve them – it clarifies the mind.
Thanks.
That the clot shot was developed by Jews is irrelevant. The Jews of Israel are getting it pushed on them harder than anyone else. Those worshiping the Holy Awesome mighty Covid demon want Israel to cease to be Jewish as much or more than they want America to cease to be white, thus focusing on their Jewishness means you watching the matador’s cape, when you should be watching the matador’s sword.
That is what is wrong with the term “kike spike”. Watch the sword, don’t watch the cape.
I tend to use slurs in a narrow sense: normal jews are jews, toxic jews are kikes; normal blacks are black, toxic blacks are niggers; normal gays are gays, toxic gays are faggots.
In this sense it could be said theoretically: “Dirty kikes sacrificing their own again like back in WWII for their own psychopathic agenda,” and such a statement would mean a smaller hypothetical group that is quite capable of genociding other Jews in the name of this or that.
I get however, how amorphous the slur-usage sounds on the outside.
“Toxic kikes” are not perhaps all of the core from which stuff emanates, but they’re certainly highly visible first movers and enforces of a huge part of globohomo. Huge part.
So I think it’s not unfair to call that out. “Feral niggers” may not be the only murderers, thieves, and rapists in US inner cities, but still. They are indeed a major component of the problem. Sure there are many overlapping mechanisms at work to produce this situation and feed off it. But the actual group-specific actors is them. No going around that.
I see the JQ in a similar way. Sure, obviously lots of other things happening. But the visible actual group-specific actors is them. Maybe they’re channeling and amplifying impulses from other sources. But it’s them doing it, manifesting it.
I’m completely open to alternative interpretations from anyone.
We are fighting an enemy faith and that faith is not Judaism.
Conversos tend to be the biggest fanatics. Jews are naturally good at priesting, and thus tend to rise in a priesthood. And in a holiness spiral, fanatics tend to rise in a priesthood. Do you see any Orthodox Jews among the people you are pointing at?
The faith is Critical Theory-ism.
Wilson re-segregated the civil service.
Israel is the only rich country with an above replacement birth rate and no USG feminist agitation.
> Do you see any Orthodox Jews among the people you are pointing at?
Shapiro would be an example of an Orthodox jewish subversive/conservative entryist.
Though he is not exactly the same as most of these subversives, he is very much connected to Hollywood and that sphere, he got the money to get his activity started from his wealthy connections.
For what it’s worth, I’m not put out by the slurs. As far as I’m concerned, slur away. Every ethnic and racial group under the sun is squabbling over the scraps known as America right now and so they’re pretty much all fair game, jews included.
What I was noticing was that you were seeing (or implying that you were seeing) jews around every shadowy corner. There are plenty of them who are in on it, and many more who are just obnoxious and irritating, but being generally enthusiastic participants does not make them the ringleaders – more like very high-functioning NPCs. The cape, not the sword.
Jews obnoxiously and irritatingly suck up to power, but they are not power.
https://i.imgur.com/4IMtpdH.jpeg
According to this chart global reserve currencies in the last 500 years have only lasted for 80 to 110 years at the most.
The dollar would be a 100 year old global reserve currency counting from 1921.
Well, the fiat dollar has in its roughly 50 years lost about 98% of its value, when denominated in that barbarous relic gold.
Jim, you present strong arguments in favor of crypto, but you also say that in the end there will be only one cryptocurrency.
How can crypto be a good investment then? If I buy today, I might buy the wrong one and find out in 5 years that it is worthless. Worse, even if I buy all cyrpto currencies available to diversify, I might find that in 5 years a new cryptocurrency is the one and every other is worthless.
At present, crypto does not seem to be a buy and hold investment. A small amount, like a checking account, to pay for purchases has utility. A large amount would have to be cared for, wouldn’t it? Keep in touch with the news and hope to find out which crypto will be the one, before the others become worthless.
If you really want security, invest in niobium, silver, and all that, and bury it in a deep hole. That will hold value, but it will not gain in value, and it will be utterly worthless during the crisis, since to unload it you need a well functioning market economy.
Some people will get, have already become, incredibly wealthy.
Some people are going to be bare assed in the snow.
It used to be that gold, at least, was a secure investment. Now it no longer is.
You play your money and you take your chances. As ultimate leftism approaches you will have to be nimble if you hope to have anything the other side of the fire.
If you want security, buy silver, niobium, etc, and bury it in a deep hole in the ground. It will not appreciate, but nor will it lose value. Trouble is it will be utterly worthless during the crisis, since to unload it you will need a well functioning market economy, and well functioning market economy is going away, and will not necessarily return. Further, after the crisis, if you buried it on your land, you will probably no longer own that land. Best bury it deep in the wilderness.
I strongly disagree with Jim in regards to the Highlander Hypothesis. I see these constructs as serving many incredibly useful niches at once; internet-native corporate structures, distributed open-actor databases, trustless state upkeep machines, and eventually the collective memory of an emergent uncontrolled internet operating system.
Blockchains — by which I am referring broadly to any data structure that is successfully shared across byzantine actors through time and space, and so include any updates to the fundamental algorithm — are not merely accounts of who has what money. They are accounts of any arbitrary data, any arbitrary attestation, any arbitrary statement that can be extrapolated from the data and attestations, and any arbitrary execution of logic dependant or not on the data, attestations and computed statements. To clear the jargon: they ain’t just currency. Not by a long shot.
If they were only a currency system, if they were only evolving to fill a niche that is a currency system, I would still disagree with Jim, but in a way that is more nit-picking than rejection of thesis. There would be, like fiat systems, a reserve currency system and many orbiting systems for particular markets. You would really only want the reserve, and the local currencies could be acquired when needed for use. But they are not merely currency. They are currency, they are reserve money, they are contract, they are ledger histories, they are sovereign corporations, they are the basis of new communications technology, and they are the basis of new computing algorithms never before seen or imagined.
So there will be far more than one winner, because there are many many niches to fill. Maybe, in the long run, the currency niche will not even be the most valued. We exist in strange times, and nothing in history can be compared to our new information constructions.
Obviously every sovereign corporation will be its own blockchain, and every set of traded shares its own currency. There will be many, many, many blockchains
But there will be one dominant universal money with one blockchain, just as for a long time, all national currencies were shadows of the US dollar.
The names of the identities of business agents will be rooted in the business name, but the names of businesses and many individuals will be rooted in the one blockchain, because everyone will want their ultimate root of identity in the same place as everyone’s else’s ultimate root of identity, just as everyone will want the hard money underlying their soft money transactions with random people all over the world to be the same hard money as underlies everyone else’s transactions.
You are predicting a star topology. But star topology is the result of expensive coordination. Coordination is getting exponentially cheaper, as a result of automated trust and sublinear cost of verification, and this will result in a mesh topology.
Currency was, and is, a computational tool. We used it to peg down values as a way of coordination of resources. We are evolving many many more computational tools, and resource allocation tools, and as a result the niche for currency will shrink.
money has functions four, a medium, a measure, a standard, a store.
In order to do book keeping and accounting, a company has to use one measure and one standard in every journal entry.
The dollar rules because international transactions are measured in dollars, and because international debts use dollars a their standard. And people do this because other people do it.
Instability in conversion rates for crypto currency prevents them from being used as a measure and standard, but they are stabilizing and the dollar is destabilizing. In the competition between standards, the most stable of standards, or better, a standard that is very slightly deflationary, will win.
My proposition and thesis is that those functionalities will be split, because they will work better separately. The reason they have not split in the past is due to the burden on coordination and computation it would place; burdens that are now surmountable. Just as you must expend energy to drill oil, which will then allow a much higher total energy in your system, you must expend computation to eventually reach a state in which information is much richer.
As a medium, you may trade many things and as long as you can account for their value and the friction in the extraction of value, it doesn’t particularly matter. In the past you brought up the illiquidity of an index stock, and I agree that accepting such a thing in trade would reduce your total value, because you would then have to expend resources to change the index into other forms of capital. My belief is that, this friction will vastly reduce as crypto economic systems evolve. You would be fine accepting a glut of index funds, because they would be nearly as liquid as dollars are today. You would not have to account for the extra time and expenditure in their conversion, because the conversion would be nearly frictionless. This will happen as a result of more and better computation and more and better total liquidity in all markets.
As a unit of measure, you should not have an inflationary token used as a measure for the same reasons inches do not grow by the year. For that very same reason, however, you should not have a deflationary token either. How such an accounting and such a unit of measurement is eventually achieved, I do not know. I do not believe any of our current technologies are up to snuff to cover this use case. I would agree with you if you said that deflationary and fairly stable tokens such as BTC are far better than the dollar and even gold; I just do not think we have found a satisfactory answer to the question of measuring value.
I am assuming that by standard, the meaning is that the money is accepted widely. A chuck-e-cheese token is money, but very bad money because very few places would accept its value. My predictions for the future of this utility is hyperlocalism. Every group will have its own standard, and because of the liquidity inherent to the new system, such a thing will not impede trade with others, at the same time it allows for a tighter loop on internal control. By programming the physics of local exchange, you change the possible opportunity for defection and can create microeconomic environments to your advantage. For the same reason our computers dont share one universal heap, but instead have a local method of managing resources. For your bookkeeper, as long as the books are for chuck-e-cheese, they can write them in those tokens.
As a store, I admit to not having a good answer. I think that the most likely outcome is extremely derisked index funds and other such financial products. In this case, the dollar is obviously not a good choice. But perhaps the eventual measurement unit will be optimal. As a measurement of wealth, it should grow at the same rate as the total amount of wealth it accounts for, shouldn’t it? But wealth and value are perhaps not as well defined as inches, and so I am willing to admit my lack of good foresight here.
Money is a measure and a store. You want your measure to be stable, but you want your store to appreciate. In the competition between monies, the mildly deflationary one tends to win.
Rapid inflation has the same effect on the economy as rapid deflation, though lagging inflationary and lagging deflationary expectations have opposite effects. When the destructive effects of inflation dominate over the destructive effects of lagging inflationary expectations, you get stagflation. When the destructive effects of lagging inflationary expectations dominate, you get a brief period of fake prosperity, followed by disruptive shortages. We are now in the disruptive shortage phase, which will eventually be followed by the high inflation with high inflationary expectations stagflation phase.
No, you have the terms all mixed up.
money has functions four, a medium, a measure, a standard, a store.
1 A medium of exchange. The shoemaker needs leather, but skinner does not need shoes. So he sells the shoes to someone who does need showed and buys the leather. It avoids the need for double coincidence of wants.
2. A measure. The book keeper and the accountant try to express each transaction, each journal entry, in a single unit so that they can be added and subtracted.
3 A standard. You want to be able to compare prices at a glance.
4. A store. You want to track obligations over time.
Ironically it was harder to rig the computer data in the the Arizona than it was the physical ballots so they just deleted the data. Because no one will go to jail for that crime and because the GOP doesn’t have the balls to use NSDAP tactics the left will barley try to hide the off the walls ballot stuffing next election. Hell they might just make up the results out of whole cloth because who the fuck is going to attempt to check it?
As expected, Maricopa County gave the GOP cassus belli by wiping their logs and defying a subpoena, and nothing will happen, emboldening the left. Of course it’s probably convincing the GOP that the rule of law is over. But a man willing to do what must be done doesn’t join the local GOP to begin with.
Being openly dishonest is preferable than them successfully making it look legitimate.
It might make some realize that the laws don’t matter, it doesn’t have to be someone within the local GOP.
But zero people will change their mind and think the election was legitimate.
Without the GOP doing anything, 2022 is going to be a wipe. Georgia, Arizona, Nevada, all of the GOP reps in California, and more; all of them are going to go deep blue. Arizona GOP failing to do anything meaningful signals what the rest of the GOP is going to do, with the exception of maybe Texas and Florida. Anywhere there is any decent amount of Democratic actors at the state level us going to turn blue.
That scenario unfortunately seems increasingly likely
If no one gets arrested in AZ, it is a signal to the rest of the GOP: grab your ankles and just take it. You know, for the good of our democracy and for electability.
Jim spoke of old Jews obeying the words but not the spirit of the laws.
A religion or legal system is usually susceptible to be circumvented in spirit by legalistic approaches this way.
I just want to enrich the blog with a contemporary example:
https://i.postimg.cc/rsNpr2Mj/1632610649102.jpg
Never heard of THAT before yoday… The typical legalistic evasion of premarital sex bans among ultra religious groups in the past was heterosexual sodomy.
The Jew’s legalism on spilling of blood was funnier and more dramatic. It was so important to avoid walking on ground that had had chicken blood spilled on it, that it was OK to spill the blood of people who have stuff one wants to take, and spilling blood for such a holy and important objective demonstrated one’s vastly superior holiness. (The Romans found this vastly superior holiness unimpressive.)
Sorry for telling this story over and over and over again, but it wonderfully illustrates what was, and is, wrong with Judaism, and what so pissed off Jesus Christ: Jews take the same approach to contracts, promises, bets, and governmental law as they take to their holy books, and allowing Jewish judges in courts interpreting and applying law against Christians results in no end of serious problems. It is also the core of the usury problem: the Christian rules on banking, lending, and and borrowing at interest got Jewed by Jewish bankers and Jewish judges, in a way that was not only unchristian, but fundamentally hostile to capitalism, private enterprise, the pursuit of profit by ordinary people, and is economically unsound.
I have heard this story multiple times but I haven’t figured out where it comes from and searching for it doesn’t yield any results
There is a similar story in the Talmud where the rabbis manage to outargue God. “OH FINE, LOL”
https://forward.com/opinion/451197/in-the-talmud-god-admits-he-is-wrong-and-laughs-theres-a-lesson-there-for/
https://www.sefaria.org/Bava_Metzia.59b.1?lang=bi
Go legalism!
Josephus: “The wars of the Jews”
Florus is one of the Roman authorities that the New Testament mentions Saint Paul preaching to.
The events Josephus relates take place not very long after, and have some of the same cast of characters, as the Martyrdom of Saint Paul, James the Apostle, and wife of James the Apostle. The murder of James was said to have led the fall of Jerusalem by some, but historians of the time dismiss the connection.
Josephus tells us that “The people of Cesarea” killed the master of horse, but it in his telling of subsequent events, the Romans were obviously of the opinion that Jews killed the Master of Horse and that the Jewish priesthood and leadership were guilty.
And then one thing led to another thing which led another thing, which led to the Jewish revolt, which led to the destruction of Jerusalem and the exile of the Jews.
Josephus tell us that owner raised buildings “in affront to the Jews” – the affront being that they were accustomed to walking over his land when going to and from the Synagogue, and his building project stopped them from walking over his land.
Christ prophesied that Jews would be exiled and lose their status as the chosen people for crucifying him, but the material and effective cause was that they they pissed off the Romans by following the letter of the law at the expense of the spirit, and the particular law that they were so earnestly following in trying to take the land near the Synagogue and murdering Jucundus, the Master of Horse, was the law on contamination by blood. They were outraged that blood had been spilled on the ground at the entrance to the Synagogue “the place was polluted” – so proceeded to spill the blood of the master of horse.
We have numerous accounts of these events, which differ significantly in detail but agree in general outline – the general outline being that the very holy were knocking off those they deemed insufficiently holy in acts of lawless violence that were frequently carried out, as with the murder of James the Just and his wife, with a thin pretext of legality – the accounts tend to focus on them knocking of Christians, but that did not bother the Romans. The Romans got upset at them knocking off Romans.
In one account of the Martyrdom of James the Just, he was formally executed, in another he was whacked with a fuller’s club at the instigation of the pharisees and high priest in the same style as the murder of Jucundus, the Master Of Horse.
I don’t think it likely that the murder of James the Just led directly to the fall of Jerusalem, but that Jews got in the habit of murdering people they did not like and taking things that did not belong to them on the basis of the letter of the law did lead to the fall of Jerusalem.
Thank you, that is helpful.
I’m gonna get this book as well, I ordered the one about english society you referenced elsewhere.
The Wars of the Jews is free from Project Gutenberg.
Everyone hears that crap all the time. It drowns out normal people and normal thought.
You haven’t disproven my point. Why do you close your eyes to the truth?
Neither have I proven that flying saucers do not exist. It is your job to provide evidence for your claims, not my job to disprove them.
How did the synagogue come to be in a place that could only be reached by crossing someone else’s land? Whatever happened to the concept of a public right-of-way? Why couldn’t people chop their chickens somewhere else? It sounds to me like the Jews were being deliberately provoked.
The conflict arose over a claim of right of way. Since the Jews wound up bribing the authorities, and the authorities took the bribe and still did not give them right of way, the bottom line is that they took their claim of right of way to the proper authorities, and lost.
Chopping the chicken was undoubtedly deliberately provocative – but trying to physically stop the landowner from building stuff on his land was an attempt to take what belongs to someone else, was coveting and theft. To which chopping a chicken is an entirely appropriate response – in fact potentially lethal force is an entirely appropriate response, one I am not shy about using, and have in fact used on similar occasions.
If you are building a synagogue, need to build it where there is public right of access. There was in fact a public right of access, which Josephus complains was too narrow – perhaps the population and the congregation was expanding. So they were walking on privately owned vacant land adjacent to the public access.
They had a public right of way, and wanted it broadened. The owner of that land did not agree to the broadening. The authorities did not agree, despite being bribed. Therefore, they reason, someone spilling chicken blood allows them to spill human blood and take what belongs to someone else.
When I read Josephus’s account, my blood boils, because I have been in that landowner’s shoes. As far a I am concerned, his big mistake was killing a chicken.
When someone trespasses on your land, you gently hint that they are not welcome. When gentle hints fail, that is the provocation, and you follow by vigorously telling them, and then to actual force. It damn well should go to potentially lethal force, and any blood spilled is upon the head of the trespasser.
This needs a reference page all to itself.
“The Jerusalem Chicken Blood Mostly Peaceful Protest.”
“How some Jews murdered a bunch of people, and got each other killed too, and got their temple torn down and themselves booted from their ancestral home in Judea for N centuries, over an alleyway that might have gotten some chicken blood on it once, and were the Good Guys the whole time because of it, and still are even now. And that’s a good thing!”
“The Jerusalem Chicken Blood Mostly Peaceful Protest.â€
LOL.
That is a fucking tragedy. Just fuck and be married. The Mormons are as cucked on women as everyone else at this point.
Paul’s Advice that if they have the desire (to have sex), let them marry remains as true today as it was then. (And since we know how young girls start to genuinely have the desire, no girl should be unmarried by the age of 12-14.)
Also this just re-cements my view that any woman who no longer lives under a male’s authority should be seen as a non-virgin. (though to be fair, that still doesn’t ensure that she will be a virgin even then.)
Look like Mormon “Soaking” goes at least as far back as 2009 according to this Urban Dictionary entry:
https://www.urbandictionary.com/define.php?term=Provo%20Soak
It would almost be funny, if it wasn’t so painful to see how little the Mormon leadership cares to try and keep their women virgins. (Though to be fair, once they started pushing for women to go to college, they already were deep into turning their women into whores.)
Just hearing about soaking gives me an anti-boner.
BYU is extremely cucked and gay, but soaking is more of a meme than something I have ever heard done growing up in Utah (I have only heard it in apostate Mormon circles). Like Catholics and Anal. Probably has happened, but is more of a meme. Those who want to have sex, have sex. Some wanting to preserve virginity for marriage may do sexual things but not intercourse, and the good Mormon girls with strong fatherly protection did no such things.
You cannot get a penis into a vagina without pushing very hard and moving in and out. Do you really need to ask if they are joking?
Reposting this comment I made a few days ago on an old post for visibility. Sorry for off-topic.
I have multiple questions, to do with manipulating prenatal hormones in order to birth the best possible children, and it seems like you and the commenters here are one of the only groups of intelligent people I can find anywhere who would be interested in this.
For girls:
Following up on this quote of Jims from an old post:
“Check all pregnancies. Spironolactone starting at eight weeks if the fetus is female. Bingo. All women come out feminine.â€
Do you actually recommend this as a course of action, or is this just making the point that a sane society could optimize their children’s hormones prenatally? I am thinking of doing this to ensure my daughter will be feminine. Do you have any experience with actually doing this? From research, I can see that spironolactone obviously feminizes boys, and I’ve also read that it can enlarge uteri, breast and ovary size in females, which the paper calls endocrine dysfunction, although may actually be a good thing from what I’ve seen.
Aside from the general side effects (rashes, dry skin, low blood pressure etc), I can see that for women spironolactone can also cause menstral irregularities, which is slightly worrying, also for the effects it may have on the mother.
Would you recommend Spironolactone or, as another commenter suggests, Dexamethasone for femininizing a girl in utero? Would you just use standard dose sizes, or microdose to minimize side effects?
Do you think a mother pregnant with a girl should be eating high estrogen foods like soy milk, to maximize prenatal estrogen levels? Or is too much estrogen a bad thing for a girl, Ã la birth control pills?
Of course, nowadays real men and hence real boys eat red meat and salt the hell out of it, but I feel like I haven’t found anywhere near as much information on what diet girls should have, especially while growing up. Is soy milk and the like beneficial here too, or should they stick to meat and dairy, and let modern society load them up with extra estrogen?
For boys:
I have the dietary side of things fairly under control. Do you recommend dosing a Spironolactone male-equivalent drug while boys are in utero? Or will this masculinize the mother as well?
For a mother pregnant with a boy, should she adopt the high meat/dairy diet as much as possible, in order to maximize prenatal testosterone development? I think yes.
I know you are inclined to getting sons on testosterone early, which may damage the gonads, but the gonads are probably already sufficiently damaged from the modern life. What age would you get sons on testosterone?
Apologies for the long, off-topic comment, but I would really appreciate as much information as possible as I am expecting a baby. Everyone feel free to chime in if you have any ideas.
I would strongly recommend consulting a based medical professional before you start dosing your children to be.
I would normally agree, but finding anyone based in real life nowadays is a challenge, let alone a based medical professional. Hormones are clearly messed up nowadays for both men and women so I think something must be done, even if finding a based doctor is not possible.
I guess that argument can be made. Personally would be hesitant to interfere with pregnancy through hormones. My take is that it is best to minimize evil influence with traditional measures (healthy diet, natural birth, don’t separate baby and mother, breastfeeding) and just let nature take its course.
But then again also not a fan of men taking TRT, even if I have never tried it. So probably not the guy to ask.
Bad idea to even express an opinion on this, for legal and medical reasons. Honestly, even the best endocrinologists would be guessing, and even if they had a vast amount of embryological baseline data that does not exist, to tailor a therapy for an individual case would require repeated amniocentesis hormone testing which isn’t available and would be absurdly risky.
Good point. To clarify, I wont be interfering with my child’s hormones, of course, this was from a purely hypothetical perspective. Everything I do I will do with the advice of a medical professional.
The bigger question is what are trying to achieve here, are trying to raise elite children? or just concerned with your future child’s general health?
I mean, looking at current outlook I don’t think there is real incentive to raise elite children unless you came from cathedral’s background (ivy league graduate, etc.). Elite parent -> elite children, so are you elite person?
If your concern is merely general health, simple clean living (away from toxic and contaminants) should suffice. Then again in modern age there are a lot of contaminant that we never expect. Personally even this simple advice can be hard to perform.
Off-topic but relevant to discussion on entryism.
Metropolitan Hilarion Alfeyev, bishop and chairman of the Department of External Relations in the Russian Orthodox Church, has shilled for the vaccine. There are and have always been problematic bishops throughout Church history, but Alfeyev is significant because many consider him a likely candidate to replace Patriarch Kirill.
Doing background research on Alfeyev, he wrote “Christ the Conquerer of Hell†in which he advocates a moderate form of universalism, in which anyone in hell had the option of repenting after death in the Harrowing of Hell. Theological debate is off-topic for a reactionary blog, but the Orthodox position on the Harrowing of Hell is that Christ descended into hell and brought with him the Old Testament Righteous as well as those who were destined for heaven prior to Christ (different from Roman-Catholic “limboâ€). Quoting from reviews, Alfeyev proclaims Orthodoxy having no established position, which reeks of progressivism:
“We do know that, since Christ’s descent, the way to resurrection has been opened for ‘all flesh,’ salvation has been granted to every human being, and the gates of paradise have been opened for all who wish to enter through them. This is the faith of the early church, inherited from the first generation of Christians and cherished by the Orthodox tradition. This is the never-extinguished hope of all those who believe in Christ, who once for all conquered death, destroyed hell, and granted resurrection to the entire human race.â€
Alfeyev is ambiguous on the subject of universalism, affirming the moral superiority of the heresy while refusing to support it in an explicate manner.
Is Alfeyev is an entryist, given his promotion of the vaccine, or is he someone who may be trying to be faithful in a legalistic manner to old type Orthodoxy while accommodating new post Christianity, which is more hip and respectable in progressive circles? If he committed to old type Christianity, the wonderfully clever people he met while attending Oxford might think him stupid and might not like him.
As I said, theology is on topic as it relates to entryism, because entryism is totally on topic.
As I said in the parable of the wicked vinedressers:”Religion is on topic when it impacts material and effective causation, as it frequently does.”
Pope Francis still has not made it official doctrine that socialism is holy, single mums are holy, gays are holier, gay priests having sex in a great big pile are holiest of all, and we should worship idols of Gaea, but his position is clear enough.
Alfeyev sounds like another Pope Francis.
Orthodoxy has always been that before the crucifixion, to be saved you had to be of the tribe of Israel. After the crucifixion, Christian. Entryists don’t like that, because it means that the club does not include them. They know that they are not Christian, even they are all “Hail fellow Christian, I am more Christian than thou.”
They are so much more enlightened that Jesus was.
That is what I thought, yet Alfeyev seems to play both sides by opposing transgender surgeries for minors and vaccine passports, although not on Christian grounds. In a TV Q&A (the auto-translate is sufficient enough) he rejects the concept of universal salvation.
Perhaps Alfeyev’s intention in “Christ the Conquerer of Hell†is to create a framework in avoiding being detected of heresy, similar to how the Socinians redefined Jesus to enter into the Anglican Church. His response in the Q&A is reminiscent of progs condemning the Old Testament while rejecting Marcionism. Just as a prog can “reject†Marcion by redefining Christian morality, Alfeyev can “reject†Origen by redefining Hell.
I get the feeling from this interview that Alfeyev may just be a cuckservative, but his book indicates something more sinister.
Brave indeed. No doubt he also thinks the concept of manspreading is dumb and that it is unfair to allow men to compete in women’s sports.
Very brave indeed.
According to Alfeyev, Christianity is a faith which “calls for human freedom†and “can not be imposed by force,†a statement which can only be described as that of someone who has truly surpassed Christ and his saints in his holiness.
*Correction*
The source from Russian Faith which claims Metropolitan Hilarion (Alfeyev) is against vaccine passports is misleading.
In this interview sourced from here, Alfeyev proposes that all businesses which could contribute to the spread of Covid be shut down, those who forge vaccine cards jailed, and anyone unvaccinated forced to stay home. In other words, Australia-style lockdowns.
His response to the subject of individual choice is the Cathedral script, and his tone resembles the snark of almost every Western pundit. His questionable sob story lacks any message of repentance. In other words, demon-worshiper.
This is an old thread, but it should be made clear that me discussing bishops in this manner is not acceptable no matter what they communicate, and I apologize for using this type of language. When writing for an informal comments section mistakes are bound to happen, but certain errors must be rectified.
Only God knows Metropolitan Alfeyev’s personal convictions; I suspect evil given his history, but it could be that like much of the Russian security state he simply lacks memetic sovereignty.
Every Christian Church is heavily penetrated by demon worshipers, and we should not only discuss them in this manner, but when the time comes give them a choice of repentance and humiliating penance, or burning at the stake.
I don’t know enough about Metropolitan Hilarion’s theology to have an option. I do need to gently correct our host’s characterization of Orthodox teaching:
Orthodoxy has always been that before the crucifixion, to be saved you had to be of the tribe of Israel.
This is not what I learned as a young boy in Russian Orthodox church school.
What I learned is that while we know the righteous among the tribe of Israel were saved, we simply do not know more than that.
Some Greek churches take it a step farther and include some of the pre-Christian Greeks among icons of the Old Testament righteous, albeit without halos.
In any case, I know of no canon claiming that only those within the tribe of Israel were saved when Christ descended into hell, and there is no prohibition on praying for the salvation of anyone.
I beg our host’s indulgence if this is too much on theology and too little on entryism. To get back on topic, I suppose (again without expressing an opinion on whatever Hilarion’s theology may be) that this debate points out the importance of having bright lines around core principles, so that we do not cry wolf about entryism, when all that is at hand are simple differences of opinion on inessential matters.
I stand corrected.
Explicating theological doctrine on this blog has been unfruitful in the past so I decided not to correct our host.
Orthodoxy has neither “stages of hell†nor purgatory that one finds in Roman Catholicism, so unbaptized infants and the “righteous†who do not hear of God go to heaven. The church fathers have always been vague on what constitutes as being “righteous.†However, the church is clear that there can be no repentance after death, so anyone who dies outside the church cannot repent after meeting God.
Metropolitan Hilarion (Alfeyev) states that Christ gave all people the option to follow him when he went into Hades:
“the teaching that Christ granted to all the possibility of salvation and opened for all the doors to paradise should also be considered general church doctrine†(208-209).
“the authors of the liturgical books saw Christ’s descent as significant for ALL PEOPLE without exception…nowhere do the hymns speak of selectivity—the existence of certain groups that were unaffected by Christ’s descent. Nowhere…is it stated that Christ preached to the righteous but left sinners without his saving words or that he led the holy fathers out of hell but left all the rest. It is never indicated that someone was excluded from God’s providence for the salvation of people, accomplished in the death and resurrection of the Son of God†(178).
These statements contradict the Word of the Lord:
“Not every one that saith unto me, Lord, Lord, shall enter into the kingdom of heaven; but he that doeth the will of my Father which is in heaven. Many will say to me in that day, Lord, Lord, have we not prophesied in thy name? and in thy name have cast out devils? and in thy name done many wonderful works? And then will I profess unto them, I never knew you: depart from me, ye that work iniquity†(Matthew 7:21-23).
Christ does not grant the possibility of salvation to all people after death. Alfeyev’s work is reminiscent of how Progressives never openly deny the Old Testament rather declare Moses and Christ less holy than themselves. There are many well-intentioned people who lack discernment and conflate eloquent prose with truth.
Alfeyev studied under Metropolitan Kallistos (Ware) at Oxford, author of “The Ordination of Women in the Orthodox Church.†Much like Alfeyev and universalism, Ware never crosses the line, rather affirms the basic tenets of feminism (women should not be denied a position on account of her sex), claims the Orthodox church does not have an official position on female ordination, and suggests an open-minded perspective.
Whether or not Alfeyev and Ware are either entryists, cucked progressives or something else is a subject of debate, but one must be vigilant regarding church doctrine so that we do not repeat the mistakes of the past.
What is relevant to this blog and the dark enlightenment is that Gnon is into tribalism.
Gnon favors one tribe. And demands that the tribe he favors keeps his commandments, or he will favor them by giving them painful educational experiences. Gnon is the ultimate alpha male of that tribe. Jesus said that after his crucifixion Jews would be out, and Christians would be in.
So, universalism is heretical. The entryist seeks to detribalize his enemies so that they can be destroyed in detail.
Detribalizers are enemies. Enemies of your tribe, and enemies of your God.
Since Alfeyev is not into tribalism, rather of the belief that Christianity is a religion of “freedom†and “tolerance,†an enemy.
The spirit of monarchy is not the aesthetics of Kings, rather a house divided against itself cannot stand. A parish can accommodate two monks, but a nation can only have one God.
A nation can only have one official god but a nation shouldnt try to persecute everyone who thinks differently unless they are demon worshippers, demon worshippers should however get no mercy.
As long as those who think differently keep their beliefs to themselves. However, those who deny the state religion publicly should be crushed, as one cannot tell if a dissident is a demon worshiper until it is too late.
No one except for a few thought one day the silly liberals of Pushkin would be slaughtering millions.
Bullshit there were many people who foresaw how horrifically tyrannical the 19th century left would be in power.
I do not favor persecuting people for denying official theological beliefs if not demon worshippers they just can’t be in the government, and i can easily spot demon worshippers… leave that to specialists.
>I do not favor persecuting people for denying official theological beliefs
You should absolutely persecute people who deny the organizing principle(s) of your civilization.
For any given community their is a covenant that ontologically prefigures the existence of that community, however implicitly or explicitly expressed. Likewise, the existence of a particular community then entails a range of possible modes that are subversive to the prefiguration of the particular community as such. Which is to say, any beings in possession of modes of thought incoherent with the covenant of a community must be physically removed and separated from that community, if it were to wish to avoid destruction, and continue it’s more preferential mode of existence.
Advocating the government be based on antisocial ideas fall under the demon worshipper category. The guy who is into meditation personally or is a surfer who says if asked hes a son worshipper these are not generally to be considered demon worshippers as long as they dont advocate a social aspect to this…
Denying the state religion is fine for people not in government, advocating it be replaced with any known form of leftism… advocating egalitarianism especially for women… advocating a universal religion to replace the nations way of life these things are subversive and should be treated EXTREMELY harshly.
Everyone within the state and quasi state apparatus, which includes the organs of large scale communication, need to be of the official state religion – as is being enforced right now with ever more extreme standards of what constitutes adherence to the state religion.
But we don’t want to stop everyone else from communicating.
We do however want them to stop communicating to organize and cooperate to take away someone else’s applecart, because if those who want to knock over the applecart have freedom of speech, those who own applecarts will very soon not have freedom of speech.
The reason we have enemies within is that they maintain strict purity in adherence to the ever changing state religion, as for example the college application essay, and we don’t, because maintaining purity standards invites immediate attack from state power.
We used to not allow people to show disrespect for the flag, and when we allowed it, on the grounds of freedom of speech, the old Republic fell.
We are currently not allowed to show disrespect for trannies, buggers, and niggers, and when we allowed it straight white Christian males became second class citizens.
Getting away with desecrating the sacred totems of a high status group, causes them to lose status and you to gain status – which, if pursued collectively in an organized fashion is preparation for attack and takeover.
Notice that anyone who desecrates a Christian Church gets to be a hero and is fined thirty dollars. If anyone burns a Christian church he has to remain anonymous, but not action is taken, even by the priest of that Church.
We will not require everyone to declare the state religion true, we will even allow second class and inferior subjects of the state to quietly affirm some contrary faith. But we will require everyone to be respectful of the state religion. At public events their will be certain rituals of respect, which everyone is going to have to follow, regardless of their faith. Exceptional people who disagree will be allowed in to the ingroup, but they will have to show respect, and affirm things that it is no secret that they do not believe.
>Denying the state religion is fine for people not in government, advocating it be replaced with any known form of leftism…
But one is never without the other; even – or especially – when it is not realized.
Allowing public denial of the state religion is cowardice because it demonstrates the faith and the faithful not above mockery and denigration. Open unbelief is a power play, and status is maintained by violence.
If someone walks through St. Petersburg with a “Jesus is Gay†or “Jesus wasn’t God†t-shirt, he should disappear before he crosses the street. Nations which fail to maintain ideological order collapse.
Well said.
I will retell yet again the story of the Royal Society.
The Royal Society was originally the invisible college, and it had damned good reason to be invisible – its belief system was suppressed, not by overt official state action, but by means similar to those used today against us, and against the scientific method.
After the restoration, the King made it the Royal Society. Which of course outraged the Puritans, because though the Royal Society was genuinely and officially Established Church Anglican Christian, it held a standard of truth, “nullius in verba”, that was contrary to the Puritans heretical and post Christian standard of truth and rather stronger than the traditional Christian standard of truth.
The Puritans assembled a mob to shut down meetings of the Royal Society – which mob was dealt with by the Kings men wielding steel. And that was that.
And for two centuries and four score years, the Scientific Method remained high status and the standard of truth. (Which of course required a bit of re-interpretation of the book of Genesis, but the fathers of the Church, notably Saint Augustine, have long been uneasy about the literal truth of Genesis, and have affirmed it to be “literally” true, with “literal” being redefined in a startlingly elastic fashion, so there is very ancient Orthodox Christian precedent allowing this.)
When the Royal Society became high status, Saint Augustine’s take on Genesis quietly became part of official Established High Church Anglican Christianity, so, no problem with the Royal Society being officially and genuinely Established Anglican Christian.
So though the Scientific Method is rather stronger than the traditional Christian standard of truth, we have near two millenia of an Orthodox Christian standard of truth that allows the scientific method, or at least tolerates it, and near three centuries of an Established Anglican Christianity that endorses it.
And to re-establish the scientific method as the standard of truth will require something like an established state religion that endorses it, and a sovereign prepared to back it by violence, and who uses that violence on a substantial scale at least once.
To re-establish the scientific method will require the similar measures to those that established it the first time around. Violence. Violence involving a lot of men with potentially deadly weapons and the willingness to use them, under the command of the Sovereign with the endorsement of the official priesthood.
Status comes ultimately from steel. The sovereign maintains a gentle velvet glove around the steel, but every so often, the gloves have to come off.
In addition, not persecuting enemies of the state religion means persecuting adherents who honor their faith. If heretics, apostates and entryists are beyond reproach, then they can desecrate icons while the state crushes any attempt to stop them. “Religious freedom” as a formalist concept is a form of anarcho-tyranny, which is why all Leftist revolutions promote it as a means of weakening opposition.
Jim, I was wondering if you could delete the sentence: “In crude terms, if you do not support…”
It was crass and I regret writing that line.
The state wont look weak when leftists disappear and are publically executed all the time and in large numbers.
By being visciously and ruthlessly hard on leftists and NEVER taking the pressure off you can be more easygoing elsewhere. Being too sensitive about the faith is mainly a catholic thing and it killed Spain. The solution is ruthless persecution of the real troublemakers. Thou shalt not suffer a leftist to live.
Saying jesus is gay is demon worship and should be a burning matter…
Denying the incarnation is okay for people outside the government but anyone making such shirts shouldn’t be allowed.
Saint Nicholas, feared by all heretics, disagrees.
Non-Christians do not see it because they view the theological disputes as minutia, but Arianism was a form of demon worship because if Christ was not God it would be impossible for man to partake in the life of Christ through prayer and repentance. The barbarians were Arians because it served as a synthesis between Christianity and their forms of Paganism, but the Greeks were Arians because it allowed them to continue their debauchery.
Kallistos Ware was a late-in-life conversion, which is probably significant.
He was attracted by the majesty of Orthodoxy, as the whig religion of contemporary modernity is an aesthetically impoversished void; but he uncritically brings his whig sensibilities with him, not seeing a connection in how the latter inevitably entails the former.
‘I believe the best path forwards is a synthesis between A and Z’; so say the latest steps in a long line of synthesisers, who synthesized A with Y before them, and A with X before them, and A with W before them… who always have a new ‘normal’ to find a ‘middle way’ through, which coincidentally always involves one party being ‘synthesized’ anew over the other.
Synthesizing mutually incompatible systems A and Z always involves subsuming the compatible particulars of one into the other. In the contemporary post-Christian West this process involves throwing off the ideological and moral commitments of old-type Orthodoxy in favor of a superficial faith that masks an actual faith in Progressivism.
In the interest of falling in line with the regime, most relegate the domain of faith to the metaphysical as a means of avoiding moral responsibility. Universalism allows the pseudo-Orthodox to maintain his adulterated Christianity without having to commit to the establishment of virtue. If everyone receives the option of salvation after death, even the unrepentant and unrighteous, there is no urgency in establishing Christianity as a real and living faith.
The Universalist no longer has to accept Origen in the same way the Progressive no longer needs Marcion. Considering how many defend Alfeyev in spite of his demonic promotion of the sacrament and that the press was not taking him out of context rather omitting much of what he said, it may take a long time before Orthodoxy can assume the role of replacement religion.
Seeing Jim’s comments here re money being both measure and store of value, I would assume JimCoin’s supply would be set (at least eventually), with stable supply being seen by some folks as a reasonable compromise between store and measure with a slowly growing economy (also, it just so happens to be convenient to code for stable supply).
Jim, if you’re happy to discuss at this at this stage, is this the case? If so, how open would you be to hearing an alternative approach that could do better at both measure and store than fixed supply (i.e. how far gone are you development-wise to tolerate a change or contemplate a double issue)?
Please delete this comment if “I have not patience for this†is your answer.
Site link to establish that I’ve been thinking about this issue for quite some time.
Obviously if a currency is truly proof of stake (and most existing proof of stake systems are suspiciously centralized under the hood) then governance ultimately rests on the consensus of the hodlers.
Who will want a fixed supply.
A fixed supply is actually a very slowly decreasing supply. And the holdlers are going to be fine with that. If truly proof of stake, fixed supply.
Not sure I would agree that the holders would want fixed supply and nothing else, there may yet be a better way (as I said, it’s supposed to be better at storing value too, not just measuring).
But I’m in a pickle here, obviously I’m not literate at all technically speaking, and only have a monetary idea to share, not knowing how feasible that is beyond some initial consultations with people close to me. Hence, can’t divulge it, being my only asset.
Should you be interested regardless, I’d annoy you with a pre-deal riding on your word of honor.
For those more experienced with crypto coins, would it be satisfactory to have what we might call a “benign” central bank digital currency designed with a centralized ledger but with monero-style anonymized transactions? The centralized ledger is efficient and can scale easily with trusted participants. However, the central bank verifies transactions and maintains the ledger, but does not know the details of what happened. Details to be worked out, of course.
A fixed increase in coin supply (without mining) would, I think, be useful and yield a reasonably hard currency. For example, central banks used to genuflect towards price stability and 2% inflation. But inflation measures are somewhat complicated and, I’d say, not really satisfactory in behavior. So why not simply define your supply of currency to increase by 2% yearly?
However, note that many of the problems with currency are due to fluctuating demand. Consider the many historical issues with using gold or silver. Ideally, a central bank currency should also have some useful way to cope with this (withou going full fiat). At this time, I have no concrete suggestions.
Isn’t a fixed supply increase what Doge does?
Re fluctuating demand, yes, that’s the key issue. With gold it was solved with fractional reserve banking, but you still had the issue of secular deflation of the base, making books look as if companies were loosing money.
Fixed supply Bitcoin + fractional reserve banking can work, but we can do better (and it obviously would not be a decentralized system).
“Isn’t a fixed supply increase what Doge does?”
Um, yes, I think so, but it seems you can also mine it? This was somewhat unclear to me, so I can’t really say with any authority. But it might serve as a convenient (and amusing) example of this approach.
It is through mining. Mining always provides a fixed total reward per unit of time (in practice, per block), which in the case of Bitcoin halves every four years.
Doge simply does not reduce this reward. Hence, fixed increase in supply.
But there are no cryptocurrencies I know of, where more mining means more cryptocurrency released. That is fixed.
Just, the bigger your share of hashrate compared to everyone else mining, the more of the reward you will get on average. But the total reward does not change except through halvings with BTC, and never changes for Doge.
The economic theory that persistent inflation is a good idea is a rationalization for the fact that the currency issuer always wants to issue more currency. No one would believe it except that countries are run by people who have a financial interest in believing it.
Boils down to who actually has the power. If stakeholders, no inflation, and persistent mild deflation.
The problems were bad people doing wicked things, and then making up clever stories about what they were doing.
There was not fluctuating demand for gold. Rather, because gold is slow, difficult, and dangerous to move, people relied on promises to deliver gold, which can be moved around far more conveniently. And abrupt fluctuations in the supply of credible promises caused problems.
The spontaneous demonetization of silver caused a steady and substantial drop in prices, and despite the alarming sounding name of “the long depression” it had no substantial bad effect on the economy – it is just that after the great depression, the word gained terrifying and ominous overtones. The long depression was economically quite good, though debt is the stickiest price, and it caused hardship for long term fixed interest borrowers – the biggest long term fixed interest borrowers being governments.
The long depression, being a gradual deflation, was economically benign, arguably good for the economy. Short sharp depressions were caused by the sudden diminution in the credibility of promises to deliver gold, and these were harmful.
With apologies to A2 for interjecting, disagree on this.
What is optimal are stable prices, as per Hayek. If you have deflation (supply lagging demand for money, as you do with fixed supply) you make it look as if all firms are loosing money. Turn your books into bitcoin (or gold): did you still make a profit last year?
Conversely, if you have inflation (NOT increase in the supply), you make it look as if firms make money (your “risk free rate”, as per Yarvin).
Increasing the supply does replace lost coins over time and (hopefully) roughly tracks the economic growth. I suppose this would yield price stability (fingers crossed) rather than price deflation?
I see that the original comment has been extended, I’m afraid I will have to return to this at a later time.
Shot it the dark then.
The issue though its that once you start increasing supply you drive a wedge between those who want a medium of account (for whom this is an improvement) and those who want a store of value (for whom it isn’t).
And, despite Satoshi’s best efforts, crypto is a store of value only, kind Dollar is still the medium of account. Hence those who matter will disagree with increasing supply, which is I think what Jim is trying to say above.
As a medium of account, it should increase as population and economic activity increases. But this presupposes someone who can increase it, which is a problem.
One solution that would satisfy everyone is rescaling of unspent transacation outputs, where the amount of money that an unspent transaction represents slowly increases over time, crypto coins that pay interest. Once crypto currency becomes the accounting unit, becomes the measure, it would be worth thinking about that, but first, needs to become the measure. And the process of deciding the adjustment would be difficult and complicated to implement..
It won’t even become the measure if it deflates by design, even shonky dollars are better than that.
Very little thought is put into this issue I suspect, and it is a vitally important issue.
I think I have solved it because I saw it some time back, maybe others have too but as far as I see I see fixed supply, tethers or Dogecoins.
On reflection, a solution that would make both hodlers and accountants happy is a variable unit of account. Amounts in the underlying currency are scaled to the unit of account. Prices are displayed in the unit of account. Payments are displayed in the unit of account, but made in the underlying currency. When the money in a wallet differs from the amount in underlying units