Topic: Economic Devastation - page 101. (Read 504776 times)

---------------------------- Original Message ----------------------------
Subject: China expert Michael Pettis on debt restructuring
From:    wearefucked
Date:    Sun, April 5, 2015 1:31 am
To:      "Armstrong Economics" <[email protected]>
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http://blog.mpettis.com/2015/02/when-do-we-decide-that-europe-must-restructure-much-of-its-debt/#comment-121162

---------------------------- Original Message ----------------------------
Subject: Armstrong's proposed non-solution is moral hazard and economic suicide
From:    wearefucked
Date:    Sun, April 5, 2015 12:39 am
To:      "Armstrong Economics" <[email protected]>
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Besides the implausibility of Armstrong's proposed non-solution (sovereign bond-to-equity swaps) due to incompatible asset classes and such a swap only being incentivized as a last resort when default is already occurring, the more serious flaw in his proposal is that it perpetuates uneconomic attitudes and behaviour. It rewards those in society who are still stuck in the Industrial Age capitalism, where usury, NAV, and fixed rates of return are a viable investment model. It rewards all those who bought into a top-down managed society. It will sustain disincentives for maximally economic activity. It is moral hazard, because it proposes to steal from the Knowledge Age to make whole the dying Industrial Age and also to make whole all the assholes who got rich on that dead paradigm.

Fuck it! It must crash and burn. That is the only way to usher in the Knowledge Age. Armstrong is blind as a bat. And everyone who follows him into real estate and stocks are going to be expropriated and lose everything.

You've been warned!




I disagree. That 18 year sentence is a travesty of justice and he shouldn't be remorseful at all. He will be wishing he had used an anonymous internet (naive idiot!).

People need to protect their naked photos, analogously as they don't go walking around nude in the road.

A government that holds everybody's hand, motivates the people to lose their diligence and become apathetic blobs of flesh. For as long as the government will punish the free market for your individual apathy, then the demand for solutions to your need to protect yourself won't exist. You see how trade and free markets work and then don't work when government stomps on them.

He provided a market function. He was helping humanity by fulfilling a demand for information. I have never believed in copyright. We can't protect that which is naturally free. Digital images can not be stopped from being traded. Once we have anonymous internet, there is no reasonable way such laws can be enforced.

Now if he does this to people, they have a right to get angry and extract revenge on him. But the anonymous internet would make the revenge implausible.

Nature does not respect your human desire to top-down dictate what is not economic.

This shows how screwed up the minds are of most people. You don't comprehend economics.

The universe never made any promise to the animal that it wouldn't be eaten by the predator. That is how the predator survives. And the universe never made any promise to you that your digital photos would be protected by the laws of mice and men. An anonymous internet is nature at work. Watch how much more economic nature is than Marxists' attempts to control nature. Armstrong mentions this as a narrower concept when he says Marxists try to control the business cycle, but the concept is more broad actually.

Where we are headed is that the State won't even be able to punish murderers. The State will become impotent. Each person will have to protect him or herself from murderers and predators. Which is the most economic way. It avoids all the collectivism which doesn't work and just corruption.

A collective society needs only trade. We don't need government. Armstrong is incorrect.

Someone who does that deserves 18 years in prison. That type of person is a scourge on humanity.

I am not so sure about the downsides- I feel they obviously exist but are overplayed by mainstream media, obviously exploitative pornography is an abomination, but worrying about a symptom does not address the cause, which is largely the extent to which children are routinely abused in the home and in institutions, the public needs to be better educated on these things. While making things illegal can have a cooling effect, it still will not remedy the problem.

I think things like ex-porn is obviously immoral, and I do not like the idea of my freedom being further taken away due to other's bad decisions. But this is always the way. I'm rambling!

As CoinCube has stated, there would be some downsides to an anonymous internet where someone can run a website anonymously:

http://technology.inquirer.net/41598/california-man-gets-18-years-for-us-revenge-porn-site

Would it really be so horrific if people had to become more cautious about their promiscuity?

...

Again, I am pleased to have read and to a degree participated in this thread.

wearefucked, stay healthy, it does look like you have found the key to your health.  You may be one of those guys that one school of historians call (roughly, my term as I do not recall the exact term) "Great Men Idea", the school that believe that a few greats are the ones who change history much more than is recognized.  

Your work, therefore, may be extremely important even to outside observers.  Even if you assume (yeah I know, ass-u-me) that your prediction of a Knowledge Age is not a certainty (how can it be certain in a Universe of essentially unlimited entropy?), well Expectation("Knowledge Age")) = Mean(scenario) throughout its (Knowledge Age) distribution probability (excuse sloppy language).  Meaning, that the implications of your work are very high, even if it is not guaranteed, the implications (changes) are such that a betting man with limited skills would be wise to learn more irregardless...

Your unheresy.com articles should be required reading for potential Knowledge Age workers.  At least to the point where you lost me after General Relativity.  Four remarkable articles, H/T.

Btw, "let them eat cake and off with their heads" is a famous event from the French Revolution. Don't interpret it literally. It is a rallying cry when oppressed people must fight for their prosperity against corruption.

After seeing what the government that controls the borders around me has done as of late, I am with you on this 100%. People need to make banks, crony capitalism, fear-for-profit, and rogue governments (currently - all of them) starve. Choke off their tax and fear pipelines. Bypass their fiat by any means possible.

We don't give a fuck about their laws. They can't find us. Did you not read the word "anonymous"!

Yeah they can find me personally, but I paid all my taxes. Can you prove we didn't?

Anonymous transactions.

In the so called knowledge age, capital is the knowledge worker and that sparkles fancies of liberated and fluid capital and butterflies

Well the system already has them ring fenced by NDAs and software patents and student loans. Want to take out the global bank? They will go by a new name: Global Patent Office or Ivy League or Apple Center for Education

Knowledge age if it happens, will be no diffrent. I wait for the Wisdom age

My bifurcation theory is happening just as I said it would. The Industrial Age politics will try to centralize control over money in order to fight the fact that stored monetary capital is dying and knowledge capital is rising. We in the Knowledge Age will break away into our own anonymous crypto-currency economy.

Goodbye fuckers!

I have been taking 6000 IU of Vit D3 gel caps for as long as I can remember. Also 6000 IU of Ester Vit C, 1000 IU of Vit A and 1 multivitamin with various other minerals in it. No processed foods anymore but I have a liking to beer and scotch. One has to have some vices!

The moderator deleted my post about the corruption of the modern medical system and my cure, so I reposted it in a more appropriate thread:

https://bitcointalksearch.org/topic/--1010692

Note it is very on topic to the Knowledge Age (bottom-up knowledge formation about medicine vs. top-down control) which the entire point of this thread. The moderator apparently does not like the truth. Wonder why? Hmmm.

---

Watch the video of the neurologist expert who is the progenitor of this high dose vitd3 protocol.

He clearly explains that normal doses can not cure autoimmunity. And the danger is to the kidneys. He requires 2.5 liters of water a day, and he monitors blood panel every 2 months. He also says each person has a different high dose level to reach the required serum levels of d3.

btw, I feel great! Slept 7 hours like a baby. Awoke full of energy. My blurred vision is diminishing already, I could see the faces again of people along the road.

This is the same result I got in Sept 2012 and 2013 when I had treated with high dose vitd3. I should not have stopped!

I am feeling very strong. My muscles are bulging. I ran yesterday 3 miles in the intense hot sun and I didn't even feel the heat!

This is the real me. I am like an ironman. I always had those traits.

It is clear now that I have Multiple Sclerosis induced by a lifetime of lack of sun due to working on the computer and then kicked into hyperdrive by the HPV infection in 2006.

Being the ironman I am, I was able to fight it off with exercise to a large extent, but I was slowly succumbing to it.

The high dose antibiotics to cure the h.pylori and acute peptic ulcer hospitalization in May 2012 kicked my autoimmunity up another level, that is why I went into a tailspin hence.

Now I remember that when I did the high dose vitd3 in Sept 2012 and was feeling perfect, I had a huge breakout all over my left buttock and hip where the HPV has made a rash which turned into oozing green pus.

So indeed the vitd3 is anti-viral. It probably was curing the HPV then and probably most of what I have had since then is autoimmunity.

Remember in Dec. 2012, my blood test showed my lymphocytes were skyhigh.

I should never have stopped the high dose vitd3 in Sept 2012! I was already cured then, but I listened to people who told me that I was risking my liver.

Apparently the maintenance dose is as high as 40,000 IU daily for life!

Different people tolerate d3 in different dosages.

The modern medical industry is a bunch of lazy fat cat doctors being fed propaganda by the large corrupt pharmaceuticals. They don't want a cheap, broad spectrum cure for most disease. They will all be impoverished! Fuck them! Off with their heads!

They said we could eat cake. Off with their heads!

Nine years of my life wasted because of that corrupt medical system.

So totally forgot about this thread.

Glad to see it's still well discussed.

This is a subscription post.

Iceland looks at ending boom and bust with radical money plan

---------------------------- Original Message ----------------------------
Subject: Armstrong and his followers will be expropriated
From:    wearefucked
Date:    Thu, April 2, 2015 9:11 am
To:      "Armstrong Economics" <[email protected]>
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Armstrong is entirely correct below. Monetization of the debt can't be done without impacting the exchange value of the dollar and other market reactions to the devaluation. He is correct the central banks are powerless. But he uses this correct logic, to try to argue that his debt-for-equity swap is the only solution. I had already pointed out that an equity swap is only viable when default is the alternative. Right now investors want to hold bonds and they are not yet faced with default. They don't want equities because it is a different asset class with a different risk, economy-of-scale, and ROI profile.

So Armstrong's non-solution is untenable.

The only solution is decentralized, crypto-currency anonymous money. That is where we are headed and Armstrong his followers will end up being entirely expropriated while the Knowledge Age folks will move into anonymous money systems and continue to prosper and do profitable business as usual. The fledgling Knowledge Age will leave these dinosaur Industrial Age capitalists behind. It seems you can't teach an old dog new tricks. Armstrong and his followers are blind-as-bats.

http://armstrongeconomics.com/2015/03/31/can-the-fed-just-cancel-the-debt/

Drink lots of water with (and be careful)!

This message is pure evil. I am shocked on how wicked this little man become.

The fundamentals of barter economy means everything. From "taking responsibility" to everyone getting more than they have for each transaction.
He got my beautiful angel spawned from the human awareness, that idea of removing the commoditization nature of money, and bond it to the ultimate darkness removing any humanity from it. A money completely void of any human evaluation, summoned only by desire, from nothingness, by the political "alienator".

Taking the society entirely into such a system which every decision is made based on top-down fear and lies. My god. Why would anyone use such dirty money such unnatural money but by fear? Who would trust his name, time and will on something that can be manipulated in every layer of its essence but by trickery?

wearefucked, this shit is so so evil that even your anonymity crypto-currency would be a better call.

By the links you guys provided Armstrong is asking "Why don't we just agree to believe on the strongest player, for ever?"

---------------------------- Original Message ----------------------------
Subject: Armstrong proposed a market demand that can't exist
From:    wearefucked
Date:    Mon, March 30, 2015 7:23 pm
To:      "Armstrong Economics" <[email protected]>
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http://armstrongeconomics.com/2015/03/30/28763/


So if I understand correctly, the proposal is not to restrict which stocks can be purchased with the debt-to-coupon conversions. Thus all sorts of scams will popup to convert these coupons back to cash, so that they can be reinvested in bonds again.

Armstrong doesn't seem to grasp that he addressing a demand that doesn't exist. The holders of bonds want to be in bonds, because of:

1. Guaranteed return.

2. No loss of capital.

3. Economies-of-scale (not lots of different non-fungible stock units)


He is comparing his idea to swaps that were done where the alternative was default. Comparing it to Germany backing their currency with real-estate is an ontology error, because in that case confidence was gone and restoring confidence was in demand.

http://armstrongeconomics.com/2015/03/30/from-greece/

But the USA is not about to default any time soon. There is a long way to go down into the abyss before the USA would default. The confidence in the USA is still very strong.

We can't suddenly dictate that the world should stop investing in bonds and stop having confidence in the USA.

We will get to that point but by that time it will be too late to do Armstrong's plan because the States will have attacked and expropriated private wealth in order to sustain the confidence in the bonds.

Sorry but there is only one solution and that is anonymous, decentralized private monetary system.

We are headed into a tempest and there is no solution that will avoid it. We must crash and burn as it is part of the cycle.

Armstrong is fooling himself.

> Regarding Bitcoin, I thought we both agreed it was an elite psy op
> (Bitcoin itself, not the concept of crypto currency).  Bitcoin is
> manufactured dissent, if you will.

TPTB either created Bitcoin or they co-opted it.

You are looking MOSTLY at the propaganda markers.

You are focused on the masses or even the mental manipulation of sectors of society. Whereas I am pointing out that those fodder are irrelevant!

I am pointing out that if the knowledge capitalists shift their monetary system to one that can't be taxed and controlled, TPTB have lost. The masses are irrelevant (or a liability) except to the extent they can give political power to the TPTB. Now the jury is still out on whether that will be achieved technologically, but I am reasonably certain it can and will be achieved. TPTB will respond by trying to ramp up regulation of the internet, e.g. the recent FCC net neutrality take over. But I think it is technologically impractical to exist widespread web hosting and websites and for the TPTB to have the level of regulatory control they would need to squash a properly implemented anonymity protocol (something like Tor but can't be Sybil attacked).

They do not have the ability to murder all the knowledge capitalists. If they started down that road, the knowledge capitalists would turn their vast knowledge towards protection against the threat.

The basic problem for the TPTB is they've declared war against the knowledge capitalists and sorry they can not win. The hackers can run circles around the NSA, because remember what I wrote:

http://unheresy.com/Information%20Is%20Alive.html#Knowledge_Anneals

"Unsophisticated thinkers have an incorrect understanding of knowledge creation, idolizing a well-structured top-down sparkling academic cathedral of vastly superior theoretical minds. Rather knowledge primary spawns from accretive learning due to unexpected random chaotic fitness created from multitudes of random path dependencies that can only exist in the bottom-up free market. Top-down systems are inherently fragile because they overcommit to egregious error (link to Taleb's simplest summary of the math). Given Kurzweil's sensationalized magnum opus is the technological singularity, it is surprising that he is apparently not well studied in the field of social knowledge formation."