When we strip it right down without all the smoke and mirrors, it becomes a simple case of arithmetic - money is created into the economy when a loan is signed. The principle amount goes into the economy but the interest amount NEVER does. So imagine how much interest has to be paid back and how it is NEVER entered into the economy and you can see one heck of a doozy Ponzi scheme. And who gets all that interest? And for doing what? Mind you the interest and not just the principle come from thin air. Plus - the banks draw on your strawman estate the minute a loan is signed. So they get paid at least twice. All that for the hard task of making numbers appear on a screen.
Oh I missed reading that. But yeah, it's just as convoluted as that. There needs to be some criteria of what makes a good monetary system. I say it needs to be cash as well as digital. Anything that doesn't have the cash component, should be rejected without fail. Another thing that money should be is as a measure of something coherent, such as time, or seeds, or whatever people decide. But it should be consistent. It should make sense. It should not be traded. It is just a measuring system like inches. It would be preposterous to trade inches or take a loan out for them. We always have enough inches. Money should be like inches - just a measuring tool. And we decide what it measures. Not the banks or the government .We don't need either of them now that we have digital technology.
How can you exchange inches, when everyone already has enough inches?
Please look into the Austrian School of Economics (it's a school of thought, not a building) Money is simply the most exchangeable commodity, or should be.
Fiat money is "We have guns and we say so". Not the same thing really.
The value of one dollar should be the equivalent of one pint of a mother’s milk. That way the amount of dollars in circulation would be tied to population. It would also discourage abortion and encourage population growth which is essential for a country’s economic growth.
Why don't you say what is not understood rather than put someone down? Do you think everyone has to know the same thing as you? Give us some substance not just tear into a person. People can speak whenever they like and about anything they like. How many doctors didn't see covid as the scam that it was?
Thanks fucking with 'bigs' is like kicking a puppy not my thing,
But since I know these things 2**256 (ECSDA256k1 keyspace) is 10E76, which is the number of sub-atomic particles in universe, if you could put a number all particles and you had to guess my number that would be a bitcoin key, its called ecdsa-256-k1, developed by NSA
( (cryptography we use base 2, base 10 is for humans that can count ten fingers on hands))
now to the little prince and our stars, there are considered to be a 200 billion-trillion stars, or say 10E23 ( 2 trillion known galaxys on average 100 billion stars ), the accountant in the little prince had put a number on every star and was selling those numbers as proof of ownership
Now to bitcoin they are selling an ownership based on a number on some sub-atomic particle in the universe;
Both concepts are equally silly
If you can't hold it, you don't own it, if you can't see it, you don't own it;
'Owning' a magic number is not freedom, only a moron could make such a statement;
Above I mentioned the key algo of btc is ecdsa256k1 NSA, the hash of bitcoin is sha-256 also a NSA algo; Bitcoin is the 100% NSA created by BIS in 1997, and released into the wild by NSA in 2009. SHA256&ECDSA256 are +25 year old NSA algos that can be easily broken by NSA super computers;
This is one of the things I'm concerned about with crypto currency. It's too complicated. Money is simply a measurement, like inches. There is no need to be complicated. It's complicated now and crypto will make it complicated again so we're really still on first base. Money should be in digital and cash and never appreciate or depreciate. It should not be a commodity of itself just like inches.
That's certainly probably why certain people can push CBDC, because they nobody can figure it out,
That said, I have written such software and spent quite few years hacking bitcoin for the fuck of it, its full of bugs shitting code, and like all such code will eventually collapse in its own weight.
You are right for all its complexity it really doesn't bring shit to the table;
Some say block-chain, or public, but any database can be such have public hashes to validate
You mostly see morons getting all hot & bothered about bitcoin, I suspect once it becomes worthless that it will be forgotten just like pet-rocks.
Yep, GOLD is measured grams or whatever simple, or like they say what good is BTC when power goes out, or pray tell when the internet (TCP-IP) DOD-Darpa goes out? Which it will go out, they have told all they have an internet kill-switch and intend to use it;
Lastly, because BITCOIN is 100% NSA, I seriously doubt that 90% of the earth will ever trust BTC, you might as well keep your money in the BANK of NSA as buying BITCOIN because its the same thing.
Morons argue that BITCOIN is freedom, sure & Orwell said "Freedom is Slavery"
...
Complexity yes, seriously if your going to do BTC you need to have your own wallet software, and run a node, which means a full-time internet connection, and 1TB HD preferably SSD; You need to run updates all the time, you need a wallet and an electrum server to serve that wallet, because if you do your transaction on the net or outside of your own wallet server then you can be hacked, or be ripped off if your using an exchange; So in order to truly run BITCOIN you need almost be computer-science person to get it all running, sure it can be said 'its easy' no its not if you know how to do it you can get all the software from GITHUB, but first you have to know what software
SO,
1.) Bitcoin Core current version
2.) Electrum server node-js
3.) Electrum wallet
Those three, but you need a SUPER-MACHINE to run that software, but that will allow you to anonymously send/get funds to addresses, and setup your own mixer if you wish higher level. ( A mixer say would let convert 1 btc transfer into 100's of random small transfers so as to mix up any body tracking your mother bitcoin ), but the problem is anybody can write a software routine to track the mix and follow back to the final, so its all just bullshit, and of course if you 100x a mix, you are 100x your transaction costs.
Another problem with BTC is say I want to buy a case of beer $28 USD, that 0.001 BTC, but the problem is the service fee for a transaction is 0.001 BTC, so if I buy a case of beer from 'x' online, I have to spend 0.002 ( $64 USD ), and that is a serious fucking problem.
All money that is traded is a scam. For money to be a tool that makes our lives much easier it has to be thought of as a measurement not a commodity that appreciates and depreciates. Any currency that does that is a scam. Think about it, the values are just made up. Leaves itself open to manipulation by Big Money.
Bullshit. Numbers on a screen? A scam. Period. Even more than the dollars you hold in your hand. Simply because you hold it in your hand. The NSA did indeed create bitcoin for enslavement. Not freedom. So again, it's a scam through and through
The power of the "SIGNATURE". Folks can not fathom what you just wrote. BUT I DO!!!!
In debt, I created the money. We almost have no options other than FED products. They rule.
The fact is yup....Borrow 100G promissory 30 yr note . The treas issues a check to lender in that amount to the lender. But I'm still on the hook to repay the loan. Bank paid twice with interest. Wait a second...IF I created that money. ???? And the Treas bought my debt???
Sumthin Fishy Here! Called counterfeiting long ago.
Ever taken a magnifying glass to the black line referred to as your signatory line?
Its not a solid black line. it's a contract stating who is the "AUTHORIZED USER" of the debt instrument. One HIDDEN Trick after another. They own the tool bag. You dip your Beak!
I have to point out a flaw in your thinking in part of this post. Indeed, debt is the culprit for many of the issues we have.
But people and businesses are not to blame. Undoubtedly, someone can over-extend themselves along with any business, but they are usually constrained by the income they produce. No person can purchase a home beyond a set income level. Mortgage companies can loosen lending practices, but these a for personal loans, not government.
The Federal Reserves of the world certainly make horrible decisions at times. The ECB lowered rates to zero in 2016, for example. That was undoubtedly a bone-headed idea that we are paying for today. There is too a concerted effort to blame the federal reserve banks for all kinds of issues, and they seem to be the go-to guy to be kicked when financial crashes take place. They are not immune from blame and are not the source of the problem either. The Federal Reserves (and this is important) react to the government's failed policy. They don't create these policies; they try to manage around them.
The blame for our financial condition sits squarely on politicians' narrow and weak shoulders. Both political parties spend money far beyond our ability to pay it back; they always use the excuse that money borrowed today will be paid back by cheaper cash in the future. As if any of them intend on paying anything back. And for that matter, they never do; they have no intention whatsoever to pay any back., They kick the financial can down the road for the next Congress to deal with.
What happens almost every time a new budget is formed? The debt ceiling must be raised because politicians don't seem to understand a limit. They are experts at spending others' money and have no problem sending our hard-earned cash to hell-holes like Ukraine or other money pits.
A new law creating a proportional decrease in legislators' salaries tied to and proportionate with increases in congressional spending might cap some of the crazy borrow-and-spend. But then lobbyists would be only too happy to make up that difference. So it's necessary to ban lobbying. But that would never pass Congress of course.
Yes, that emphasizes the base problem. That is, we are a republic, which always becomes corrupted. The whole process of republics, from representatives to lobbies and campaign money, drives corruption.
Every Republic of the past has had the same problem, and they all failed.
True enough, but what other form of government is immune to corruption? The problem is in human nature. Whatever you may think of where that nature comes from or why it's corrupted, the fact is that humans have historically screwed things up royally in every single form of government we've implemented.
On this consideration, the best form of government is one in which there are the best prospects for the course of it to be changed. I can't think of a better form of government on that score than a republic. If you have one in mind, I'd like to hear it. That's meant sincerely, not rhetorically.
That's not to deny that republics can and do become so corrupted that it's very hard to change their course, because the levers are seized by powerful people and they deceive the masses about what they're doing and how the society is actually being governed. But again, what is the alternative?
Offhand, I'd say the best things that could be done to help this particular republic would be strict term limits for politicians and a wholesale abandonment of the propaganda machine aka corporate media. I don't know how either of those can be accomplished, but just identifying what's needed is not a bad start.
Historically, smaller governments with short terms for those in charge and were genuinely democratic. Absolutely no career politicians. These worked very well.
A past government, now part of Italy, was headed by a wealthy family for one year. Then a new family took over.
This worked because if one family became abusive, the next family would retaliate. This formed a perfect restraint on each family. Using human nature to control it seems to work.
The answer is short terms and 100 percent community involvement.
The framers of the US Constitution tried to rectify what past republics left out, but they still failed.
I’m not sure if our republic can be compare to other republics. Since our founders inserted multiple balance of power mechanisms solely because of human nature being what it is, we should have a better outcome. That of course would mean adherence to power balancing written in our founding documents.
Another substacker, Eugyppius, has offered a book club to members. The book chosen was one on this very topic- forms of government and advantages of each over time. I’ll get the name if you like. Right now trying to finish Gulag - the worst form.
Yes, please post the name when you get it. MY reading queue is backed up, probably like most of us here, but I'm always looking for good recommendations, and that sounds like a good one. I follow Eugyppius also, and he and his readers are super thoughtful.
Great little analysis. This dovetails nicely with Catherine Austin Fitts' recent exposés on the 30 yr old globalist financial coup d'état (google it). Coming home to roost in inflation, with the increasingly mindless drivel, distractions and wayward behaviour of our "leaders" and pundits. And, of course, in their need to run cover for their criminality by cementing their control over society. This via their newest brainchild, CBDC (central bank digital currencies), which is why she's instigated the popular Cash Fridays grassroots resistance action. A former Washington insider, she's becoming the "go to" person (see her Solari Report) for an intelligent opposition. The following quote from your article is a keeper. People need to see how the thigh bone is connected to the hip bone. "The [debt-driven] boom vitiates moral and intellectual vigor and reduces discernment of reality through the insulating effects of bailouts and subsidies; its immediate freedom from consequences is ultimately paid for with a catastrophe". Cheers from Estonia!
Technically, the US government has been bankrupt for many, many years. Only their ability to print or inject more money has kept the nation from all the usual consequences of bankruptcy. And the only reason the US could get away with this artifice is that the dollar has been the world currency. That pedestal is crumbling at the base. More and more nations are banding together to create other currency standards. The dollar's days as the world currency are short lived, and then the government house of cards will fall.
Moreso, the debt fuels #BigPharma and its ancilliaries: hospitals, health insurance, research, universities etc.
Icing on the cake? Anyone working in those industries are consciously and unconsciously compelled to support the machine. Even those loosely tied to such economics, family, friends, etc are bitten by such compulsion through association. The propaganda has been going on for a hundred years , INCREASING by billion$ and is fueled by the aforementioned debt.
Great point, John’s brother. But it’s not just outrageous spending on crap wars, etc., or the manipulation of our economy with crazy-low interest rates of three years ago, but the extreme swings the private Fed imposes on mostly poor people, now with outrageous High Interest rates along with continued spending on the same expensive shit wars against people, viruses, shadows, the fear-monsters… And it’s not the “government’s” Federal Reserve, but the “Unconstitutional (Private) Federal Reserve’s” government and bought policy makers. I’d be nice for once if “we the people” were no longer blamed for the madness of the monster war-bankers and their controls over the majority by their politicians. We need to start punishing PAC organizations and Lawyers and stop attacking each other and the rest of the world.
The Post West and the world has gone nuts by using methods that poison all our environments external and internal in totality. Now we have people who're nuts running everything. It has one ending global Tribulation. No nukes needed.
“None of these four individuals were billionaires before the taxpayers of our country funded the Covid-19 vaccine,”
Every CEO selling mRNA bio-weapons got liability-immunity for life & became a billionaire for deploying CIA-DOD mRNA-weapons, and deploying them on USA public;
John, I have been saying the same as your brother for years, though in different phrasing; if you believe that economic institutions also create social/cultural institutions, then by definition, a bubble economy creates bubble economy people.
Also, I noticed Jeffery Tucker, of the brownstone institute, in a recent interview on Epoch Times’ American Thought leaders does a nice job of describing the mechanism by which bubble exonomy people. He uses the the flat yield curve to describe where people spend thier time.
I might add that the triffin dilemma also does a nice job of describing the mechanism, stating that thier is an inherent contradiction of having a national currency and a reserve/global currency. For example, how is it as a nation that you can consume more than you produce? For two generations the U.S. has consumed more than it produces, as measured by deficits in trade/current accounts.
Of course, the real issue is how do you transition back to a non bubble economy? To non bubble economy people? I think that is one of the main drivers of the moronic shit show of the last 3 or 6 years. The bubble is bursting, both economically and socially and so you need social control as people’s bubble burst; the utter shock of reality is going to brutal for the masses of morons the bubble economy has produced.
Indeed... Close to half of the US federal deficit is funded by foreign nations and investors. The government can only spend while the world desires America's fiat-money to do business. The Chinese Yuan/Renminbi will now be used for more of that, then the new BRICS trade currency, once it is roled out.
Interest on that federal debt is now rising, so debt-service and falling value internationally will hit the federal budget, and the American economy simultaneously, along with the Greate-er Depression.
One must look to getting out of debt, and covering igher bills for necessities, or face foreclosure and homelessness. Grow vegetables. Eat at hme. drjohnsblog.substack.com
When we strip it right down without all the smoke and mirrors, it becomes a simple case of arithmetic - money is created into the economy when a loan is signed. The principle amount goes into the economy but the interest amount NEVER does. So imagine how much interest has to be paid back and how it is NEVER entered into the economy and you can see one heck of a doozy Ponzi scheme. And who gets all that interest? And for doing what? Mind you the interest and not just the principle come from thin air. Plus - the banks draw on your strawman estate the minute a loan is signed. So they get paid at least twice. All that for the hard task of making numbers appear on a screen.
Like in the book "The Little Prince"
Where the accountant sold the stars, and he put a number on every star, and that number was proof of ownership a lot like Bitcoin.
Oh I missed reading that. But yeah, it's just as convoluted as that. There needs to be some criteria of what makes a good monetary system. I say it needs to be cash as well as digital. Anything that doesn't have the cash component, should be rejected without fail. Another thing that money should be is as a measure of something coherent, such as time, or seeds, or whatever people decide. But it should be consistent. It should make sense. It should not be traded. It is just a measuring system like inches. It would be preposterous to trade inches or take a loan out for them. We always have enough inches. Money should be like inches - just a measuring tool. And we decide what it measures. Not the banks or the government .We don't need either of them now that we have digital technology.
How can you exchange inches, when everyone already has enough inches?
Please look into the Austrian School of Economics (it's a school of thought, not a building) Money is simply the most exchangeable commodity, or should be.
Fiat money is "We have guns and we say so". Not the same thing really.
The value of one dollar should be the equivalent of one pint of a mother’s milk. That way the amount of dollars in circulation would be tied to population. It would also discourage abortion and encourage population growth which is essential for a country’s economic growth.
A lot like bitcoin? If you don't understand a topic it's best not to opinion about it.
Why don't you say what is not understood rather than put someone down? Do you think everyone has to know the same thing as you? Give us some substance not just tear into a person. People can speak whenever they like and about anything they like. How many doctors didn't see covid as the scam that it was?
Thanks fucking with 'bigs' is like kicking a puppy not my thing,
But since I know these things 2**256 (ECSDA256k1 keyspace) is 10E76, which is the number of sub-atomic particles in universe, if you could put a number all particles and you had to guess my number that would be a bitcoin key, its called ecdsa-256-k1, developed by NSA
( (cryptography we use base 2, base 10 is for humans that can count ten fingers on hands))
now to the little prince and our stars, there are considered to be a 200 billion-trillion stars, or say 10E23 ( 2 trillion known galaxys on average 100 billion stars ), the accountant in the little prince had put a number on every star and was selling those numbers as proof of ownership
Now to bitcoin they are selling an ownership based on a number on some sub-atomic particle in the universe;
Both concepts are equally silly
If you can't hold it, you don't own it, if you can't see it, you don't own it;
'Owning' a magic number is not freedom, only a moron could make such a statement;
Above I mentioned the key algo of btc is ecdsa256k1 NSA, the hash of bitcoin is sha-256 also a NSA algo; Bitcoin is the 100% NSA created by BIS in 1997, and released into the wild by NSA in 2009. SHA256&ECDSA256 are +25 year old NSA algos that can be easily broken by NSA super computers;
So go ahead and pluck a couple of bitcoin out of your ass and retire already?
This is one of the things I'm concerned about with crypto currency. It's too complicated. Money is simply a measurement, like inches. There is no need to be complicated. It's complicated now and crypto will make it complicated again so we're really still on first base. Money should be in digital and cash and never appreciate or depreciate. It should not be a commodity of itself just like inches.
That's certainly probably why certain people can push CBDC, because they nobody can figure it out,
That said, I have written such software and spent quite few years hacking bitcoin for the fuck of it, its full of bugs shitting code, and like all such code will eventually collapse in its own weight.
You are right for all its complexity it really doesn't bring shit to the table;
Some say block-chain, or public, but any database can be such have public hashes to validate
You mostly see morons getting all hot & bothered about bitcoin, I suspect once it becomes worthless that it will be forgotten just like pet-rocks.
Yep, GOLD is measured grams or whatever simple, or like they say what good is BTC when power goes out, or pray tell when the internet (TCP-IP) DOD-Darpa goes out? Which it will go out, they have told all they have an internet kill-switch and intend to use it;
Lastly, because BITCOIN is 100% NSA, I seriously doubt that 90% of the earth will ever trust BTC, you might as well keep your money in the BANK of NSA as buying BITCOIN because its the same thing.
Morons argue that BITCOIN is freedom, sure & Orwell said "Freedom is Slavery"
...
Complexity yes, seriously if your going to do BTC you need to have your own wallet software, and run a node, which means a full-time internet connection, and 1TB HD preferably SSD; You need to run updates all the time, you need a wallet and an electrum server to serve that wallet, because if you do your transaction on the net or outside of your own wallet server then you can be hacked, or be ripped off if your using an exchange; So in order to truly run BITCOIN you need almost be computer-science person to get it all running, sure it can be said 'its easy' no its not if you know how to do it you can get all the software from GITHUB, but first you have to know what software
SO,
1.) Bitcoin Core current version
2.) Electrum server node-js
3.) Electrum wallet
Those three, but you need a SUPER-MACHINE to run that software, but that will allow you to anonymously send/get funds to addresses, and setup your own mixer if you wish higher level. ( A mixer say would let convert 1 btc transfer into 100's of random small transfers so as to mix up any body tracking your mother bitcoin ), but the problem is anybody can write a software routine to track the mix and follow back to the final, so its all just bullshit, and of course if you 100x a mix, you are 100x your transaction costs.
Another problem with BTC is say I want to buy a case of beer $28 USD, that 0.001 BTC, but the problem is the service fee for a transaction is 0.001 BTC, so if I buy a case of beer from 'x' online, I have to spend 0.002 ( $64 USD ), and that is a serious fucking problem.
Bitcoin has numerous problems, but the concept is simply freedom.
You make it sound like a scam. Say how it's a scam, or apologize to Bitcoin.
All money that is traded is a scam. For money to be a tool that makes our lives much easier it has to be thought of as a measurement not a commodity that appreciates and depreciates. Any currency that does that is a scam. Think about it, the values are just made up. Leaves itself open to manipulation by Big Money.
All values are made up, and are called 'prices'. The price of money is the 'interest rate'.
Money should be the most exchangeable commodity, which is gold. Bitcoin is digital gold.
JP Morgan the richest man on Wall Street in 1906 said it best "Only Gold is MONEY, all else is credit".
Think deeply and ponder on the meaning of what he said;
No more a scam than any other currency at the moment. Maybe the bartering system will be necessary.
Bullshit. Numbers on a screen? A scam. Period. Even more than the dollars you hold in your hand. Simply because you hold it in your hand. The NSA did indeed create bitcoin for enslavement. Not freedom. So again, it's a scam through and through
Yes. Keep it simple.
The power of the "SIGNATURE". Folks can not fathom what you just wrote. BUT I DO!!!!
In debt, I created the money. We almost have no options other than FED products. They rule.
The fact is yup....Borrow 100G promissory 30 yr note . The treas issues a check to lender in that amount to the lender. But I'm still on the hook to repay the loan. Bank paid twice with interest. Wait a second...IF I created that money. ???? And the Treas bought my debt???
Sumthin Fishy Here! Called counterfeiting long ago.
Ever taken a magnifying glass to the black line referred to as your signatory line?
Its not a solid black line. it's a contract stating who is the "AUTHORIZED USER" of the debt instrument. One HIDDEN Trick after another. They own the tool bag. You dip your Beak!
I have to point out a flaw in your thinking in part of this post. Indeed, debt is the culprit for many of the issues we have.
But people and businesses are not to blame. Undoubtedly, someone can over-extend themselves along with any business, but they are usually constrained by the income they produce. No person can purchase a home beyond a set income level. Mortgage companies can loosen lending practices, but these a for personal loans, not government.
The Federal Reserves of the world certainly make horrible decisions at times. The ECB lowered rates to zero in 2016, for example. That was undoubtedly a bone-headed idea that we are paying for today. There is too a concerted effort to blame the federal reserve banks for all kinds of issues, and they seem to be the go-to guy to be kicked when financial crashes take place. They are not immune from blame and are not the source of the problem either. The Federal Reserves (and this is important) react to the government's failed policy. They don't create these policies; they try to manage around them.
The blame for our financial condition sits squarely on politicians' narrow and weak shoulders. Both political parties spend money far beyond our ability to pay it back; they always use the excuse that money borrowed today will be paid back by cheaper cash in the future. As if any of them intend on paying anything back. And for that matter, they never do; they have no intention whatsoever to pay any back., They kick the financial can down the road for the next Congress to deal with.
What happens almost every time a new budget is formed? The debt ceiling must be raised because politicians don't seem to understand a limit. They are experts at spending others' money and have no problem sending our hard-earned cash to hell-holes like Ukraine or other money pits.
The politician is our worst enemy.
A new law creating a proportional decrease in legislators' salaries tied to and proportionate with increases in congressional spending might cap some of the crazy borrow-and-spend. But then lobbyists would be only too happy to make up that difference. So it's necessary to ban lobbying. But that would never pass Congress of course.
Yes, that emphasizes the base problem. That is, we are a republic, which always becomes corrupted. The whole process of republics, from representatives to lobbies and campaign money, drives corruption.
Every Republic of the past has had the same problem, and they all failed.
True enough, but what other form of government is immune to corruption? The problem is in human nature. Whatever you may think of where that nature comes from or why it's corrupted, the fact is that humans have historically screwed things up royally in every single form of government we've implemented.
On this consideration, the best form of government is one in which there are the best prospects for the course of it to be changed. I can't think of a better form of government on that score than a republic. If you have one in mind, I'd like to hear it. That's meant sincerely, not rhetorically.
That's not to deny that republics can and do become so corrupted that it's very hard to change their course, because the levers are seized by powerful people and they deceive the masses about what they're doing and how the society is actually being governed. But again, what is the alternative?
Offhand, I'd say the best things that could be done to help this particular republic would be strict term limits for politicians and a wholesale abandonment of the propaganda machine aka corporate media. I don't know how either of those can be accomplished, but just identifying what's needed is not a bad start.
Historically, smaller governments with short terms for those in charge and were genuinely democratic. Absolutely no career politicians. These worked very well.
A past government, now part of Italy, was headed by a wealthy family for one year. Then a new family took over.
This worked because if one family became abusive, the next family would retaliate. This formed a perfect restraint on each family. Using human nature to control it seems to work.
The answer is short terms and 100 percent community involvement.
The framers of the US Constitution tried to rectify what past republics left out, but they still failed.
I’m not sure if our republic can be compare to other republics. Since our founders inserted multiple balance of power mechanisms solely because of human nature being what it is, we should have a better outcome. That of course would mean adherence to power balancing written in our founding documents.
Another substacker, Eugyppius, has offered a book club to members. The book chosen was one on this very topic- forms of government and advantages of each over time. I’ll get the name if you like. Right now trying to finish Gulag - the worst form.
Yes, please post the name when you get it. MY reading queue is backed up, probably like most of us here, but I'm always looking for good recommendations, and that sounds like a good one. I follow Eugyppius also, and he and his readers are super thoughtful.
But removing incentives is a good place to start.
Great little analysis. This dovetails nicely with Catherine Austin Fitts' recent exposés on the 30 yr old globalist financial coup d'état (google it). Coming home to roost in inflation, with the increasingly mindless drivel, distractions and wayward behaviour of our "leaders" and pundits. And, of course, in their need to run cover for their criminality by cementing their control over society. This via their newest brainchild, CBDC (central bank digital currencies), which is why she's instigated the popular Cash Fridays grassroots resistance action. A former Washington insider, she's becoming the "go to" person (see her Solari Report) for an intelligent opposition. The following quote from your article is a keeper. People need to see how the thigh bone is connected to the hip bone. "The [debt-driven] boom vitiates moral and intellectual vigor and reduces discernment of reality through the insulating effects of bailouts and subsidies; its immediate freedom from consequences is ultimately paid for with a catastrophe". Cheers from Estonia!
Excellent analysis and conclusions.
Technically, the US government has been bankrupt for many, many years. Only their ability to print or inject more money has kept the nation from all the usual consequences of bankruptcy. And the only reason the US could get away with this artifice is that the dollar has been the world currency. That pedestal is crumbling at the base. More and more nations are banding together to create other currency standards. The dollar's days as the world currency are short lived, and then the government house of cards will fall.
Oh, what a tangled web we weave when first we learn to deceive.
Great poem 🌺
Can't remember who wrote that. Yes it is.
Sir Walter Scott, in Marmion.
I know because Duck, Duck Go told me so.
;-)
When does the money runout? We must have to pay our debts one day.
Moreso, the debt fuels #BigPharma and its ancilliaries: hospitals, health insurance, research, universities etc.
Icing on the cake? Anyone working in those industries are consciously and unconsciously compelled to support the machine. Even those loosely tied to such economics, family, friends, etc are bitten by such compulsion through association. The propaganda has been going on for a hundred years , INCREASING by billion$ and is fueled by the aforementioned debt.
Great point, John’s brother. But it’s not just outrageous spending on crap wars, etc., or the manipulation of our economy with crazy-low interest rates of three years ago, but the extreme swings the private Fed imposes on mostly poor people, now with outrageous High Interest rates along with continued spending on the same expensive shit wars against people, viruses, shadows, the fear-monsters… And it’s not the “government’s” Federal Reserve, but the “Unconstitutional (Private) Federal Reserve’s” government and bought policy makers. I’d be nice for once if “we the people” were no longer blamed for the madness of the monster war-bankers and their controls over the majority by their politicians. We need to start punishing PAC organizations and Lawyers and stop attacking each other and the rest of the world.
Von Mises steps into the Keynesian opium den and says, 'Didn't I tell you this horrible mess would happen?'
The Romans went nuts from lead poisoning...
The Post West and the world has gone nuts by using methods that poison all our environments external and internal in totality. Now we have people who're nuts running everything. It has one ending global Tribulation. No nukes needed.
‘Unprecedented Greed’: Sanders Slams Moderna After Company Confirms $130 Price for Covid Jab
https://sputniknews.com/20230323/unprecedented-greed-sanders-slams-moderna-after-company-confirms-130-price-for-covid-jab-1108735429.html
“None of these four individuals were billionaires before the taxpayers of our country funded the Covid-19 vaccine,”
Every CEO selling mRNA bio-weapons got liability-immunity for life & became a billionaire for deploying CIA-DOD mRNA-weapons, and deploying them on USA public;
Now, you got me wanting to read that book. 😑
Read Economics in One Lesson first. Mises is seriously heavy reading.
No, the one about the boy and the pigs.
THAT, WAS WELL SAID !
John, I have been saying the same as your brother for years, though in different phrasing; if you believe that economic institutions also create social/cultural institutions, then by definition, a bubble economy creates bubble economy people.
Also, I noticed Jeffery Tucker, of the brownstone institute, in a recent interview on Epoch Times’ American Thought leaders does a nice job of describing the mechanism by which bubble exonomy people. He uses the the flat yield curve to describe where people spend thier time.
I might add that the triffin dilemma also does a nice job of describing the mechanism, stating that thier is an inherent contradiction of having a national currency and a reserve/global currency. For example, how is it as a nation that you can consume more than you produce? For two generations the U.S. has consumed more than it produces, as measured by deficits in trade/current accounts.
Of course, the real issue is how do you transition back to a non bubble economy? To non bubble economy people? I think that is one of the main drivers of the moronic shit show of the last 3 or 6 years. The bubble is bursting, both economically and socially and so you need social control as people’s bubble burst; the utter shock of reality is going to brutal for the masses of morons the bubble economy has produced.
Indeed... Close to half of the US federal deficit is funded by foreign nations and investors. The government can only spend while the world desires America's fiat-money to do business. The Chinese Yuan/Renminbi will now be used for more of that, then the new BRICS trade currency, once it is roled out.
Interest on that federal debt is now rising, so debt-service and falling value internationally will hit the federal budget, and the American economy simultaneously, along with the Greate-er Depression.
One must look to getting out of debt, and covering igher bills for necessities, or face foreclosure and homelessness. Grow vegetables. Eat at hme. drjohnsblog.substack.com
Never gamble more than you can afford to lose...when those with nothing get controlled by those with everything... the debt is everlasting.