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Topic: Economic Devastation - page 102. (Read 504811 times)

hero member
Activity: 538
Merit: 500
March 30, 2015, 10:06:28 AM

What we have now is a Knowledge Age where there is no startup capital cost to production. You only need a computer and a desk.

This transition will take decades, but as we can see it's already happening to some extent: https://www.youtube.com/watch?v=v_yaENlXGa4
sr. member
Activity: 490
Merit: 255
March 30, 2015, 09:21:51 AM
The thread is something like this is why bitcoin will succeed.
I agree with this reply, because of understanding a new thread or so very interesting thread will asure you to have a better understanding and also you know what that really thread are. So if we understand the thread even if its take a 2 week to really understand it we will know why that thread is so meaningful and also why the bitcoin talk will be success and very useful.
newbie
Activity: 28
Merit: 0
March 30, 2015, 08:51:19 AM
---------------------------- Original Message ----------------------------
Subject: Capital is shifting ONTOLOGICALLY! (Armstrong you are blind!)
From:    wearefucked
Date:    Mon, March 30, 2015 9:55 am
To:      "Armstrong Economics" <[email protected]>
--------------------------------------------------------------------------


The capitalists always decide which monetary system we will have because they have the most capital. Remember wealth is and will always be power-law distributed[1].

Note that "capital" is not just the stored monetary claim on future human productivity. Capital is the actual productivity. The reason that stored monetary representations of capital had such force during the Industrial Age is because the majority of the production cost was the fixed capital investment for the factory. Unions were created to drive the scarcity of labor up in order to force the labor to become a higher percentage of the cost of production, but this was antithetical to progress because it lowered productivity overall for society.

What we have now is a Knowledge Age where there is no startup capital cost to production. You only need a computer and a desk.

The capitalists in the Knowledge Age don't give a rats ass about storing up monetary capital for eons. They only care about maximizing the rate at which they aggregate and spread knowledge formation. Thus they will choose the monetary system which removes any top-down control and impediments.

Thus there is no way the Knowledge Age capitalists (such as myself)—who control the new economy (because we have the power-law wealth concentrated in our minds)—are going to store our capital in the new one-world reserve currency nor in the system Armstrong is proposing.

We will not wait, beg, or need to top-down organize to get what we want. We will simply create it and do it.

Armstrong can blow his wind-pipe until he is blue in the face. Until he recognizes that we don't give a fuck about the irrelevant nonsense he is promoting.

Capital is shifting ontologically. Armstrong and his followers better wake up fast, or they will lose all their stored monetary wealth.


[1] A. Dragulescu and V. Yakovenko. Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States
newbie
Activity: 28
Merit: 0
March 30, 2015, 08:19:11 AM
---------------------------- Original Message ----------------------------
Subject: Be on the right side of history or perish. It is your choice!
From:    wearefucked
Date:    Mon, March 30, 2015 9:24 am
To:      "Armstrong Economics" <[email protected]>
--------------------------------------------------------------------------


http://armstrongeconomics.com/2015/03/30/we-cannot-escape-the-past-until-we-see-the-future/

Quote from: Armstrong
COMMENT: I watched the Solution Conference and your explanation of two monetary systems being barter and representative was insightful. I can see why the goldbugs hate you and how they are trapped in yesterday’s world of a barter economy. You have a lot of work ahead of you for this is truly revolutionary. You have seen the next step in our evolutionary process that we have actually moved beyond the need for taxes.

REPLY: Thank you. True, this message is lost on so many fighting the last war. I agree there are those so pessimistic they cannot see beyond their cave walls. As long as they still live in this distorted vision of a barter economy, we cannot escape to freedom. They tax us to death to get back money as if it were still some commodity because that is the way it has always been done. Well, here is this new invention of an airplane and we can fly. We do not have to tax people when money is no longer a barter system.

Armstrong is proposing that the government can just print the money it needs instead of borrowing it into existence or taxing the people to obtain funding.

Although this is not what he intends, this would mean for example the one-world reserve currency coming could be printed and then used to bailout nations that have been too profligate and destroyed their own currencies.

Armstrong's myopia is he can't see that representative money is the new dinosaur. We moved from barter to representative money which was necessary during the usury, stored monetary capital intensive Industrial Age.

Now we are leaving the Industrial Age and heading into the Knowledge Age. I was the person who invented this concept (see my essays linked from the opening post on this thread). I am the canonical source.

In the Knowledge Age, we will have money that is controlled by no one. And thus we are moving beyond representative money wherein we trusted a State to control the money supply, to a free market where the market controls which money they trust and thereby controls the money supply with a free market action.

Sorry the State will simply die and not be funded.

We are moving to a Libertarian world where all services will be provided for profit.

There will be no more State and no more public services.

The powers-that-be will fight hard to hang on to their own system. We will go through many years of Tribulations. They will create a one-world reserve currency system to try to sustain the States and they will try to hunt down all the private money in the Knowledge Age.

But they will fail in the end. And all those who depend on their antiquated system and Armstrong's myopia, will perish.

Be on the right side of history or perish. It is your choice.
newbie
Activity: 28
Merit: 0
March 29, 2015, 09:27:49 PM
---------------------------- Original Message ----------------------------
Subject: Who doesn't have a right to trade? YOU! I will be fine.
From:    wearefucked
Date:    Sun, March 29, 2015 10:29 pm
To:      "Armstrong Economics" <[email protected]>
--------------------------------------------------------------------------

http://armstrongeconomics.com/2015/03/29/the-right-to-even-trade/

Quote from: Armstrong
The object is to restore a world where we can make money and keep it. Carry cash and they will take it from you. You cannot hop on a plane with gold or to hide your wealth in some offshore tax haven. They are closing down everything – this is not about making money on the next trade. This is about saving the RIGHT to even trade.


Fuck that!  We hackers are going to restore private money and become billionaires in the process.

We are not going to fucking join together with these idiots who put their money in bonds and these other idiots who thought they had a cradle to grave insurance for eating donuts on the job and fucking with people with like when I was minding my own business (Yeah I remember you local police and firemen with your fucking attitudes).

Now it is payback time baby! And I've got your number!

Fucking old world capitalists, you are going to lose everything and that is exactly the way it should be! You are not my friend. Go ahead and buy stocks and real estate. It will all be expropriated.
legendary
Activity: 2940
Merit: 1865
March 29, 2015, 08:37:57 PM
...

wearefucked

Well, yes we are fucked!  Now that that bad joke is out of the way...

Armstrong, however smart he is (very smart IMO), is proof that the world is too complicated a place for one man, even with supercomputers, a staff and a very high intellect to completely understand.  Yes, it looks like Armstrong has proposed one or more dumb ideas lately, but as I am not up to adequate speed on him, I leave my comment at that.

NEVER base your financial decisions (if you have assets worth protecting) from one source of information.  NO ONE knows enough to reliably guide anyone through a complex and unpredictable future.

This is the main reason why I have always liked diversification (in assets & geography), at least to some degree and well thought out.  I base part of my thinking on probability, a branch of mathematics I highly respect.  You already know that probability does not equal prediction...

*   *   *

It is taking me a LONG TIME to read and assess your (especially your early) work that you have linked here.

I AGREE that a Age of Knowledge is likely, but is not certain.

Hedge accordingly (and in your case, get back to 100% of your health).
sr. member
Activity: 433
Merit: 250
March 29, 2015, 08:21:09 PM
Armstrong's Nationalization Pump & Dump "Solution"

Armstrong is proposing the Central Banks print money to buy up corporate shares then the debts can be converted to these shares.

http://armstrongeconomics.com/2015/03/29/debt-equity-swaps/

For one that can't work because corporate shares are not fungible!

So he proposes to create a new basket weighting of corporate shares so each swap gets the basket and can then trade it.

So of course you want to sell the basket and move your capital out to the higher performing equities.

So this would essentially be a pump and dump and crash the global economy!

What an idiot!

That would be a fun show to watch for everyone who has their money in BTC form.
newbie
Activity: 28
Merit: 0
March 29, 2015, 08:19:08 PM
Armstrong's Nationalization Pump & Dump "Solution"

Armstrong is proposing the Central Banks print money to buy up corporate shares then the debts can be converted to these shares.

http://armstrongeconomics.com/2015/03/29/debt-equity-swaps/

That can't work because corporate shares are not fungible!

So he proposes to create a new basket weighting of corporate shares so each swap gets the basket and can then trade it.

So of course you want to sell the basket and move your capital out to the higher performing equities.

So this would essentially be a pump and dump and crash the global economy!

What an idiot!

He is trying so hard to avoid bottom-up, creative destruction. He is trying for top-down solutions and all of them will fail.
newbie
Activity: 31
Merit: 0
March 29, 2015, 06:53:52 PM
Our friend Winston from 1984 predicted what it gonna be of the unrelated Knowledge. Syme was vaporized.
legendary
Activity: 2940
Merit: 1865
March 29, 2015, 06:26:43 PM
...

thatbluedude & wearefucked

Re "tl;dr" Armstrong (my comments in blue):

-Eliminate Federal Income Taxation  No way.  We wish, but will not happen.
-Debt to Equity Swaps  Not sure what you mean.  Whose debt for what equity?
-Prohibit Federal Borrowing   Bwahahahahahahahahahahahahahahahaha.......
-Eliminate Forced Retirement Taxes   No way, they (.gov) need the money now!
-Eliminate Political Contributions  No way!!  Even if there were a law, the money (cash or crypto) would find a way to their pockets.

*   *   *

When I am done with the book, fascinating now -- most excellent, I am going to review (and probably recommend) a new book: Future Crimes (Marc Goodman) which will not only discuss criminal activity (mostly internet, etc.), but, ahhhh, maybe inspire some ideas in self-defense.
newbie
Activity: 28
Merit: 0
March 29, 2015, 05:32:49 PM
Can some reader(s) please sign up for Armstrong's "Solutions Conference" and report back to us all the power points?
I'm not qualified to write a   synopsis but I can quote the tl,dr slide
Quote from: armstrong_ppt
Solution 2015

-Eliminate Federal Income Taxation
-Debt to Equity Swap implemented in tranches
- Prohibit Federal Borrowing
- Eliminate Forced Retirement Taxes that lack Investment
- Eliminate Political Contributions
        Everything hinges upon our understanding of money
         Eliminate Taxation and eliminate Political Donations and we will Reduce Corruption

Edit: Slide's part of this blog post
http://armstrongeconomics.com/2015/03/29/solution-conference/

Thank you.

There is no equity to swap for because the bankrupted sector is bankrupt. The only equity is the ability of the government to tax and steal thus to steal the equity from the private sector to make the bankrupted sector whole.

Sorry that won't fly. We are in Armstrong's Private wave until 2033, and the private sector is going to give the middle finger to the public sector. Sorry we are headed to war, because there is no way the productive sector is going to agree to share in order to sustain the fucking socialism. Hell no!

The old industrial age capital is going to get stuck in stocks, real estate and other assets that the socialism can expropriate. The Knowledge Age investors are going to be in the anonymous protocols and crypto-coins and come out of this the new $billionaires.

The only way Armstrong's proposal flies is if the public sector is able to maintain control and hunt down the private sector. And this is why we in the private sector have to create an anonymous protocol and break free. Note this means war and probably cause the powers-that-be to get desperate as I explain at the post below:

https://bitcointalksearch.org/topic/m.10914780

As for preventing politics, he is dreaming. Such promises could be part of global monetary reset, but of course it will be all lies.

Sorry we need to get busy creating the anonymous protocols we need and get ready to fight (smartly).

Armstrong is (perhaps unwittingly) promoting a one-world reserve currency where taxes are taken by printing money (the reserve currency). What this will do is cause all the other countries to come hat-in-hand begging for bailouts (when the nation-state politics continue to fuck up their national currencies). His proposal is a global enslavement paradigm. And the dumb fucks who are following him are raving about it:

http://armstrongeconomics.com/2015/03/29/thinking-outside-the-box-yes-there-is-a-whole-lot-more-than-meets-the-eye/

I covered this in more detail in the One-World Reserve currency thread which is linked in the quote below:

Beliathon & galdur, you must distinguish between usury model "capitalism" of the industrial age with the knowledge capital of the fledgling Knowledge Age. Stored money is not the real capital in an economy, thus I think you misplace blame on capitalism when in fact what we have now is not capitalism rather socialism or collectivism. I explained this in great detail throughout the One-World Reserve Currency thread and the Economic Devastation thread.

I now see Armstrong as the enemy.

Note the powers-that-be are ramping up their unconstitutional domestic military force drills:

https://bitcointalksearch.org/topic/special-forces-to-swarm-southern-states-and-operate-undetected-for-weeks-1005427
full member
Activity: 196
Merit: 100
March 28, 2015, 03:04:22 PM
Can some reader(s) please sign up for Armstrong's "Solutions Conference" and report back to us all the power points?
I'm not qualified to write a   synopsis but I can quote the tl,dr slide
Quote from: armstrong_ppt
Solution 2015

-Eliminate Federal Income Taxation
-Debt to Equity Swap implemented in tranches
- Prohibit Federal Borrowing
- Eliminate Forced Retirement Taxes that lack Investment
- Eliminate Political Contributions
        Everything hinges upon our understanding of money
         Eliminate Taxation and eliminate Political Donations and we will Reduce Corruption

Edit: Slide's part of this blog post
http://armstrongeconomics.com/2015/03/29/solution-conference/
newbie
Activity: 28
Merit: 0
March 26, 2015, 04:29:21 AM
Best explanation yet I've seen from Armstrong about the mathematical structure of his model:

http://armstrongeconomics.com/2015/03/26/time-v-price/

http://armstrongeconomics.com/2015/03/26/interest-rates-dollars-october/

Kudos to Martin for writing this blog post. I definitely get it.
newbie
Activity: 28
Merit: 0
March 25, 2015, 04:41:11 PM
Can some reader(s) please sign up for Armstrong's "Solutions Conference" and report back to us all the power points?

http://armstrongeconomics.com/2015/03/25/solution-conference-links-are-going-out-by-email/

Quote from: Armstrong

Frankly I don't have the free time nor the extra funds to expend. It is $95 for the webstream as shown in the image above.
newbie
Activity: 28
Merit: 0
March 25, 2015, 02:09:03 PM
Thanks r0ach  for the heads up on the rapid hot, dry winds during winter on New Zealand's south island. I had stated (perhaps not on this forum) that turbulent weather was likely on a small island in the middle of the Pacific ocean. Perhaps that particular severe weather issue is not an issue around Napier which seems to have a climate most similar to San Luis Obispo, CA, which was one of the most perfect climates that I had experienced in my life.

As an aside, I signed back up to the forum to share some wild conjecture about how the USA might fall into chaos instantly due to an EMP attack by Russia and a military coup that might be lurking already.

The ETA is 2017 to 2019 for start of full blown war, chaos, and a global pandemic also. Armstrong's reliable cyclical models are all pointing to this.

I believe the powers-that-be have orchestrated these future conflicts as a sort of false flag to bring about a new world order (and one world reserve currency) wherein we are enslaved by the totalitarianism of oligarches in Russia, China, and the USA. In the linked post above, I link to an Armstrong blog post wherein he continues to promote the top-down debt restructuring of for example China as good development. Armstrong would drive us straight into the global Technocracy that the powers-that-be have planned out, bringing us to a 666 world of top-down enslavement. He mischaracterizes this top-down planned circus (remember Kissinger and Nixon were traveling to China!) as "creative destruction".

At this point, I have begun to think about how crypto-currency can work with an internet that goes down intermittently or entirely in some regions. I still promote that only a bottom-up rise into an anonymous crypto-currency and knowledge age work untaxable will be true creative destruction. China able to restructure debt by using the credit rating of the national government to sell bonds at lower interest rates. That is just more the same usury and socialism bullshit that is driving the world into enslavement, as I had explained in great detail in the one-world reserve currency thread I started as iamback.

Ah humbug, maybe I am just not thinking realistically and am not in touch with the mainstream. Or maybe my theory about the rise of the Knowledge Age and a bifurcation of the global economy into two forks is apropos. I am still thinking the mainstream economy will go into the one-world reserve direction and it will bounce because there is a lot of untapped human capital in Asia and the developing world, but it will be a failure paradigm of ramping up debt and top-down control. I still believe the decentralized Knowledge Age will be rising and generating the real productivity and profit in the economy and that to some extent it can escape from the top-down oligarchary with technological innovation of money.

Note, I have been on an all uncooked vegetable diet for the past week (absolutely no carbs of any form, not even sweet fruit), and a very low intake of meat (because it contains a high L-Arginine to L-Lysine ratio which promotes viruses) and instead mostly WHEY ISOLATE (which has a very high L-Lysine to L-Arginine ratio). Before I started this diet I had lost weight down from 183 lbs at my peak to 165 lbs. On the new diet, I dropped another 10 lbs in one week, being down now to near to my weight in my 20s at 155lbs. I suppose I am headed for 140s on this diet which would be my teenage weight. Funny I was actually stronger in the gym and running and every sport at the lower weight. I military pressed 115 lbs which is pretty high for me (my small boned frame at 5'7" only) at age 50 and not being able to workout consistently due to the illness. What really excited me was being able to pick up my dribble on a full sprint just inside the half court line and make it all the way to the basket with only 2 long strides and a leap. Anything with the legs is impressive given the legs are the first to decline as we age and also given the auto-immunity and peripheral neuropathy I have due to the chronic virus (HPV) I've had since 2006, seems to attack my legs and I often lose power in and even can't feel my legs (a few times I lost the ability to stand up).

I feel much more alert and mentally active on this diet. I don't yet know if this is headed to a cure, because the chronic fatigue syndrome and manifestations of the auto-immunity hit me again for 8 hours two days before, but it didn't persist. The insomnia has been really egregious since before I started the diet, and the new diet helps me sleep but only about 5 hours. I can't seem to sleep more than that, and I awaken very hungry. In fact, this diet makes me incredibly hungry and I am so tired of eating the uncooked vegetables (spinach, cabbage, petchay, radish, mushrooms, celery, carrots, tomatoes, avocado, virgin olive oil, green onion, basil).

I am praying this is a cure so I can rise back up to my former insane level of productivity in programming. So I can do something about changing the world from the bottom-up. I believe I am uniquely qualified to do so.

Ah yes, I reconnected with my first wife and I am so happy about it. I am so proud of her very handsome, athletic, and super-Dad husband. It is emotional beyond words can explain for so many reasons, but I am just really happy to see the girl who had joined with me at the 1992 Perot National Convention which indicative of her concern for any good cause. Yeah we know back then there was something wrong brewing in the USA, but the can has been kicked down the road for much longer than we anticipated. We saw first hand how the powers-that-be had used dirty tricks to force Perot out of the election. I had become very disillusioned and depressed about how Perot just quit. I had worked so hard on his campaign, even going door-to-door and talking with strangers inside their houses about what was happening to the USA. My idealism about collectivized change died in 1992. I became very determined to look at life realistically and from a raw, uncooked perspective.

Most of all, I am so blessed to have fell in love in my youth with a lady with such an amazingly gregarious personality and heart the size of Mt.Everest. And I am so lucky that she forgives me for all the hurt we went through. And she cares about my health.

For all those who are discouraged by the falling prices of crypto-currency, please remember I told everyone last year that the Bitcoin price would need to bottom some where under $150 (not just a few seconds there), and the global sovereign debt contagion would have to burst out into public consciousness before crypto-currency would surge anew. Look for a bottom in the price later this year or early next. And be ready for a another wild run up in private assets such as gold and anonymous currencies. The USA stock market will be surging until mid-2017, so it is possible we may not see the real blast off for private assets entirely until after that. But the bottom in private assets should be attained with the contagion breaking out in Europe after October 2015. This will send capital fleeing into the USA stock market and also som into private assets. After the USA peaks in 2017, then capital will flee exclusively to private assets.
hero member
Activity: 910
Merit: 1000
March 22, 2015, 07:16:26 PM
The thread is something like this is why bitcoin will succeed.
legendary
Activity: 1946
Merit: 1055
March 22, 2015, 01:24:32 PM
Cross posting from the reputation coin thread as it is relevant.

The fundamental source of the problem is our collective inability to personally track reputations as we form ever larger social groups. This forces us to turn to centralized systems of rules, regulations and reputations to cope. However, such order is innately unstable as any centralized system will be exploited to the maximal degree possible by the sociopaths in the population.

Sociopaths leverage inefficiencies in the social contract to skim rents from honest players. Using the power generated from these rents they further warp the system opening ever larger wounds for their parasitism. Intelligent non sociopaths quickly learn to emulate the sociopaths as this becomes the obvious and most efficient means to achieve material wealth. Eventually the system devolves to the point where a majority are behaving in this manner with foreseeable consequences.

Fractional reserve and debt collapses have occurred throughout history. However, this is possibly only the first manifestation of this human failure. Even if we excised sociopathy from finance and somehow enforced fiscal discipline and sound money my suspicion is that this problem would simply manifest later in history with a different face. There are many areas where decay is currently occurring including weakening of the marital bond, decline of individual responsibility, and ever increasing growth of indoctrination standardized education. Would any of these lead eventually to a collapse if allowed to fester long enough? We have not yet seen that historically but perhaps this is because finance and debt is most easily rotted and the collapse of debt forces a return to basics across the board.

I am skeptical your system will work beyond a small local scale. The driving force here is fundamental human limitation. On a large scale I do not see why your system would not be destroyed by the same forces driving our current decline.
legendary
Activity: 1582
Merit: 1019
011110000110110101110010
March 22, 2015, 09:16:33 AM
Check this out...

Here is our automated future. For those with the gift of writing code and bringing the triad together, the sky is the limit and will collapse capitalism as we know it:

https://www.youtube.com/watch?v=3xOK2aJ-0Js
legendary
Activity: 1946
Merit: 1055
March 21, 2015, 11:34:40 PM
Maybe it can help now.

Discovering Your Creative Potential, https://www.youtube.com/watch?v=GYdiCCyU2zc
Tapping Into the Source of Creativity, https://www.youtube.com/watch?v=PXlFM8Aw8dU
Clearing What's Blocking You, https://www.youtube.com/watch?v=H-DeGQ6O4Qw
Unleashing Your Creative Energy, https://www.youtube.com/watch?v=boxyebAac2Y

If someone had asked me to estimate the probability I would listen to a talk from a Bon Buddhist master today I would have told them 0%.

That said sometimes your day suprises you. I greatly enjoyed the first of these Discovering Your Creative Potential. Thanks for sharing.
legendary
Activity: 1946
Merit: 1055
March 21, 2015, 11:27:04 PM
When you called New Zealand paradise, there seems to be some strange weather patterns there that are documented to cause negatives to human mental state.  I can't recall all the different reasons for why it occurs, I believe some of it had to do with ionization, then there were a few other variables.  Here's where it talks about it some on Wikipedia:

There is actually some medical evidence to support this. I have not read the studies myself so I cannot comment on how good they are but there is some data to suggest that negative ionization in the air as associated with improved mood.

http://www.ncbi.nlm.nih.gov/pubmed/23320516

Quote from: Metaanalysis
Negative air ionization was associated with lower depression scores particularly at the highest exposure level. Future research is needed to evaluate the biological plausibility of this association.

The nor'wester is apparently the opposite phenonomina high positive ions in the air due to rare, very warm, very dry wind?
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