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Topic: Economic Devastation - page 67. (Read 504776 times)

sr. member
Activity: 420
Merit: 262
July 15, 2015, 10:40:16 AM
No one can escape a fate that it's been destined for the others... That alone should trigger a self preservation mechanism that will eventually overcome the destruction issues. Of course, there's always the chance that TPTB have already studied this scenario and they've prepared a plan B. And I don't rule out that B stands for Bitcoin...

No, collectivized systems can't escape the Petri dish until they starve themselves to death. See below... (there is no positive feedback loop)

PS: I know the guy, he's for real. Sad

What is poignant is even though he knows a GrExit is the only way they have any power over the situation, he says his elected mandate from the people was to negotiate for a compromise and debt relief. And he said only 2 of the 8 wanted a GrExit after the referendum mandate from the people not to accept the prior bailout package, and that he believes in the democratic process and collectivized responsibility so he accepted the will of the 6 of 8.

That is direct proof that I was correct when I wrote the following in 2010 (which was widely published by the way, just google "Understand Everything Fundamentally").

I am looking forward to Armstrong's comments re Greece tomorrow and the near-future.

I think I understand this better than Armstrong does.

Perhaps the Troika will use the big stick of capital controls to induce the Greeks to vote for the Troika's bailout terms which contains a few carrots with more austerity.

The referendum is some sham to convince the Europeans they are not under a dictatorship, as was the case for Scotland.

Remember my prediction in 2010 in the "Understanding Everything Fundamentally" essay.

You will probably need a week or two of studying the thread slowly.

I will be the first to admit I needed a week to fully absorb the following works of AnonyMint.

The Rise of Knowledge
Understand Everything Fundamentally

http://www.coolpage.com/commentary/economic/shelby/Understand%20Everything%20Fundamentally.html#europe

"Coase’s theorem says that an inefficient internal order will continue for as long as there remains an unavoidable frictional barrier insulating it from the more efficient external possibilities. The fundamental reason the EU crisis will not result in a disintegration of the union, at least not until its people significantly abandon collectivism, is that organisms which are unable to comprehend the mechanism by which they are consuming resources faster than their ecosystem can replenish, thus are unable to stop the mechanism before they perish. So the implosion of the friction and thus the order only occurs when they perish, because they will continue to repeat the mechanism which they do not understand to be a cause of their suffering. This can be verified in a petri dish, as an organism will reproduce until it consumes all of its food or oxygen."


This is relevant also:

...

P.S. This myopia is also related to why Armstrong's proposed solutions for Greece and the sovereign debt crisis in general are untenable at best, and even if they could be implemented they would be a horrible result for mainstreet over the long-term, because all his proposals involve the centralization of power. I have explained why in prior posts about them. For example, the only way Greece could survive a GrExit would be with the access to international markets, but the axis powers are complicit. As for the debt for equity swap Armstrong proposes (sovereign debt exchanged for corporate shares), I explained in the past that this requires that investors have a fungible valuation of disparate companies. The only way that proposal is workable is if it is basically transferring a basket of all public companies to a single entity that holds all the debt, i.e. the TPTB. It is just same FDR gold swindle in disguise all over again. I really think Armstrong works for TPTB. He is advocating a one-world currency reserve and world domination by TPTB. That is coming and inevitable, and our escape is the Knowledge Age and our own decentralized, scalable, anonymous cryptocurrency.
sr. member
Activity: 420
Merit: 262
July 14, 2015, 06:32:19 PM
Another big expense coming (which I can't afford yet), I (desperately) need to travel to another country soon to get a fecal transplant, as this has cured (up to 15 years remission for patients that could barely walk before treatment) at least 5 people with M.S.. The theory is that leaky gut causes the immune system to attack the lining of the digestive system, which becomes a downward spiral as then it leaks worse. The derivative auto-immune effects attack the myelin sheaths in brain.

I can verify this phenomenon with the "on fire" pain around my gut every time after I eat. And the inflammation all over my body goes crazy after I eat. If I fast, I don't get inflammation.

https://en.wikipedia.org/wiki/Fecal_bacteriotherapy#Ulcerative_colitis_and_other_gastrointestinal_conditions

http://www.cghjournal.org/article/S1542-3565(10)00069-8/abstract

http://www.healthline.com/health-news/does-ms-start-with-faulty-gut-bacteria-101914

https://www.newscientist.com/article/mg20927962.600-faecal-transplant-eases-symptoms-of-parkinsons/

https://en.wikipedia.org/wiki/Inflammatory_bowel_disease

https://en.wikipedia.org/wiki/Ulcerative_colitis

sr. member
Activity: 370
Merit: 250
July 14, 2015, 02:03:53 PM
In your argument against collectivism, is there an underlying assumption that capital size is not related to its degrees of freedom?

The opposite. Concentrated capital size is inversely related to degrees-of-freedom, but the degrees-of-freedom to have non-uniform capital size is essential to maximizing entropy for a uniform probability of distribution has 0 entropy. Why?

I was thinking that hedge funds are a form of collectivism, pooling resources (capital),  But hedge funds do enjoy more investment options (more degrees of freedom) than your ordinary saver. Isnt this an example of collectivism that leads to higher degrees of freedom?
sr. member
Activity: 420
Merit: 262
July 13, 2015, 08:06:34 PM
OT: The multiple sclerosis is progressing on me. I now have permanent nodules of pain on the back of my skull.

Another big expense coming (which I can't afford yet), I (desperately) need to travel to another country soon to get a fecal transplant, as this has cured (up to 15 years remission for patients that could barely walk before treatment) at least 5 people with M.S.. The theory is that leaky gut causes the immune system to attack the lining of the digestive system, which becomes a downward spiral as then it leaks worse. The derivative auto-immune effects attack the myelin sheaths in brain.

I can verify this phenomenon with the "on fire" pain around my gut every time after I eat. And the inflammation all over my body goes crazy after I eat. If I fast, I don't get inflammation.

I stopped the high dose vitamin D3 for some weeks and I deteriorated. Took it again 100,000 IU and got big boost again. Apparently the D3 is a hormone which stimulates overall well being and it also seems to tame the auto-immunity some what (not totally but significantly).

I have been fermenting salsa to make it sour for the good bacteria. This seems to perhaps help because I got much less diarrhea. But it doesn't apparently make it to the colon where probably the problem is acute. Also nightshade vegetables (tomato) are apparently bad for us, although the good bacteria predigests it some what mitigating some of the ill effects.

I am eating only meat, fish, leafy greens, camote, and distilled water. No grains. No seeds.

Google also:

"why nuts are bad"

"why all grains are bad"

"why bread is bad"

"why corn is bad"

"why nightshades are bad"

"why legumes are bad"

Edit: interesting theories about the role of hormone imbalances and may explain D3's beneficial effects for me. I also concur that I get elevated inflammation after raising my testosterone level with exercise:

http://raypeat.com/articles/articles/multiple-sclerosis-hormone-related-brain-syndromes.shtml
sr. member
Activity: 420
Merit: 262
July 12, 2015, 11:52:28 AM
sr. member
Activity: 420
Merit: 262
July 05, 2015, 10:28:46 PM
In your argument against collectivism, is there an underlying assumption that capital size is not related to its degrees of freedom?

The opposite. Concentrated capital size is inversely related to degrees-of-freedom, but the degrees-of-freedom to have non-uniform capital size is essential to maximizing entropy for a uniform probability of distribution has 0 entropy. Why?
sr. member
Activity: 370
Merit: 250
July 05, 2015, 07:16:32 AM
In your argument against collectivism, is there an underlying assumption that capital size is not related to its degrees of freedom?
sr. member
Activity: 370
Merit: 250
June 28, 2015, 09:13:27 PM
http://www.coolpage.com/commentary/economic/shelby/Understand%20Everything%20Fundamentally.html#europe

"Coase’s theorem says that an inefficient internal order will continue for as long as there remains an unavoidable frictional barrier insulating it from the more efficient external possibilities. The fundamental reason the EU crisis will not result in a disintegration of the union, at least not until its people significantly abandon collectivism, is that organisms which are unable to comprehend the mechanism by which they are consuming resources faster than their ecosystem can replenish, thus are unable to stop the mechanism before they perish. So the implosion of the friction and thus the order only occurs when they perish, because they will continue to repeat the mechanism which they do not understand to be a cause of their suffering. This can be verified in a petri dish, as an organism will reproduce until it consumes all of its food or oxygen."

I'm living like this as a human being. ive so many bad habits that prevent me to achieve my maximum potential but i only learn about them when i crash and burn. Though, ive to admit, there are a ton of them that i KNOW are bad but i keep doing them as i FEEL im gaining something valuable out of them. the former is being an ignorant, the latter is being an addict.


how do i shut down the friction force that is screaming "I DONT WANT TO CHANGE. LET ME KEEP DOING WHAT IM DOING. ITS WORKING I CAN FEEL IT !!!!****" within me ?


*****its working less and less every time though
Need to connect (install a translator) with your non dominant personalities (thought processes)
Liber Novus - Jung
hero member
Activity: 723
Merit: 503
June 28, 2015, 08:59:11 PM
http://www.coolpage.com/commentary/economic/shelby/Understand%20Everything%20Fundamentally.html#europe

"Coase’s theorem says that an inefficient internal order will continue for as long as there remains an unavoidable frictional barrier insulating it from the more efficient external possibilities. The fundamental reason the EU crisis will not result in a disintegration of the union, at least not until its people significantly abandon collectivism, is that organisms which are unable to comprehend the mechanism by which they are consuming resources faster than their ecosystem can replenish, thus are unable to stop the mechanism before they perish. So the implosion of the friction and thus the order only occurs when they perish, because they will continue to repeat the mechanism which they do not understand to be a cause of their suffering. This can be verified in a petri dish, as an organism will reproduce until it consumes all of its food or oxygen."

I'm living like this as a human being. ive so many bad habits that prevent me to achieve my maximum potential but i only learn about them when i crash and burn. Though, ive to admit, there are a ton of them that i KNOW are bad but i keep doing them as i FEEL im gaining something valuable out of them. the former is being an ignorant, the latter is being an addict.


how do i shut down the friction force that is screaming "I DONT WANT TO CHANGE. LET ME KEEP DOING WHAT IM DOING. ITS WORKING I CAN FEEL IT !!!!****" within me ?


*****its working less and less every time though
sr. member
Activity: 370
Merit: 250
June 28, 2015, 08:44:04 PM
I'll vote No Wink

PS. whats up? been distracted in the latest greek drama need to catchup on this thread
sr. member
Activity: 420
Merit: 262
June 28, 2015, 08:02:01 PM
I am looking forward to Armstrong's comments re Greece tomorrow and the near-future.

I think I understand this better than Armstrong does.

Perhaps the Troika will use the big stick of capital controls to induce the Greeks to vote for the Troika's bailout terms which contains a few carrots with more austerity.

The referendum is some sham to convince the Europeans they are not under a dictatorship, as was the case for Scotland.

Remember my prediction in 2010 in the "Understanding Everything Fundamentally" essay.

You will probably need a week or two of studying the thread slowly.

I will be the first to admit I needed a week to fully absorb the following works of AnonyMint.

The Rise of Knowledge
Understand Everything Fundamentally

http://www.coolpage.com/commentary/economic/shelby/Understand%20Everything%20Fundamentally.html#europe

"Coase’s theorem says that an inefficient internal order will continue for as long as there remains an unavoidable frictional barrier insulating it from the more efficient external possibilities. The fundamental reason the EU crisis will not result in a disintegration of the union, at least not until its people significantly abandon collectivism, is that organisms which are unable to comprehend the mechanism by which they are consuming resources faster than their ecosystem can replenish, thus are unable to stop the mechanism before they perish. So the implosion of the friction and thus the order only occurs when they perish, because they will continue to repeat the mechanism which they do not understand to be a cause of their suffering. This can be verified in a petri dish, as an organism will reproduce until it consumes all of its food or oxygen."
legendary
Activity: 2912
Merit: 1852
June 26, 2015, 08:01:39 PM
...

I'm looking forward to the movie, TPTB.

Above comment on 3-D printing was of interest.  I presume that is fairly easy to figure out...   Smiley  

Partial solutions are better than no solution.

It's beginning to look like ONLY a Knowledge Age will free us.  But, a Knowledge Age does not by any means seem inevitable, even after growing pains.


EDIT: HB, TPTB!
sr. member
Activity: 420
Merit: 262
June 26, 2015, 04:30:00 PM

Read the above long-winded, contentless, screed of cold leftovers if you like.  Or skim.  I'll be a good guy and break down the real issue right here:

Today's implementation of mining is like having a tin can tied to a horse's tail.  The fast the horse runs, the faster the can follows.  We've currently got about 6 miners (or horses so-to-speak) that make any real difference.

The main trouble with this is that each of the horses is going to hit the profitability break-even cliff at roughly the same time due to similar economics (though geo-politics could intercede.)  At that point there will be large chunks of sha256 power available since it's pointless to mine Bitcoin with it...at least for economic reasons.

The alternative is to try to match endless inflation against profitability not unlike how debt-based fiat systems work.  Bitcoin has so many sources of volatility that this would be a tough row to hoe even if it were (stupidly) chosen as a strategy.

Note that the economics of mining under our current paradigm are not even effected by block-size/fee-structure arguments.  That's a separate issue.

I believe you are referring to the usury model that likely funds the large ASIC farms. Interest compounding is an exponential function and thus can't go on forever unless the money supply expands at the same or greater exponential rate also.

The article does not address the fact that the State has the motive to censor transactions to enforce KYC up to the level of cost it can extract from society, because this is the only way the Industrial Age society can continue to parasite on the Knowledge Age with the NWO.

Thus if you want to defend against the takeover of Bitcoin to effectively a fiat currency, you need essentially the hashrate that extracts more value from society than the State can. This is why I decided that the security of Bitcoin (and all derivative altcoins including Monero) was a eugenics paradigm and doomed to fail.

Thus I set myself about finding the solution to the problem. And I did! Coming soon to a cinema near you...
sr. member
Activity: 420
Merit: 262
June 24, 2015, 03:43:58 AM
That would be a lot like medieval barons trying to quash the renaissance out of fear.

They were forced to get into central banking instead. This time, there is no where for them to transition so they go for total control as last desperate option.

Checkmate.

Perhaps you are underestimating our vested financial interests? I suspect they will find another suitable transition from themselves. One theoretical possibility springs immediately to mind although it is a bit in the realm of science fiction.

Even if a transition is not possible the decline in power of the wealthy is likely to be gradual. A relative decline only not an absolute one. Its not really in anyone's interest including the powers that be to try and quash progress.

Right, not a checkmate. More of a transition and this is why Armstrong is wrong about a Dark Age.

(Edit: but this depends on the Knowledge Age succeeding, otherwise TPTB+NWO physical morass will have nothing economically prosperous to parasite on. And this is why anonymity is critically needed)

Remember we agreed long ago that they will own the physical economy for a long time, except for items that can be 3D printed locally and aren't auspicious. Thus they can parasite on the knowledge economy for any derivative effects that move into the physical economy, they can tax.

So yes after they get the NWO, they can reset the financial system and anything that moves in their world will be in their financial system.

That is also why gold as a hedge for the individual investor is a dying paradigm.

Eventually the knowledge age might virtualize existence, so then TPTB could lose even the physical realm but as you say that is more in the realm of science fiction at this point (the sci-fi you allude to is technology to tap the thoughts of a person).
legendary
Activity: 1946
Merit: 1055
June 24, 2015, 03:08:17 AM
That would be a lot like medieval barons trying to quash the renaissance out of fear.

They were forced to get into central banking instead. This time, there is no where for them to transition so they go for total control as last desperate option.

Checkmate.

Perhaps you are underestimating our vested financial interests? I suspect they will find another suitable transition from themselves. One theoretical possibility springs immediately to mind although it is a bit in the realm of science fiction.

Even if a transition is not possible the decline in power of the wealthy is likely to be gradual. A relative decline only not an absolute one. Its not really in anyone's interest including the powers that be to try and quash progress.
sr. member
Activity: 420
Merit: 262
June 24, 2015, 02:16:38 AM
I would argue that the following rephrasing of your argument is more accurate.

Transparency and merit is on the substantive production. Personal identity is usually required to maximize production, however, identity can become a detriment when politics will attack or slow production. In this special case obfuscation of personal reputation may maximize production.

Now you have to prove that is a special case, and not the omnipresent one.

Haha touché

No arguing that the near term trend is towards omnipresence. Longer term I am more optimistic.  
I agree that mankind is being held by politics everywhere.

The challenge is how to scale up a system based on personal reputation from a local community to the global level without introducing politics? Or said more simply how does one solve the technological challenge of raising ones Dunbar limit to effectively and with with reasonable accuracy include all of humanity.

Perhaps this challenge can never be solved. However, if it can it would represent a solution that was superior to anonymity.

Simple. Don't expect people to interact in technological communities larger than their Dunbar limit, i.e. allow the maximum division-of-labor to proceed. And the knowledge age allows people to directly access experts, rather than proxied by the Theory of the Firm.

The full employment comes from needing liason experts between tribes of experts of different specializations.

The reason anonymity remains forever necessary every where is because the threat of autonomous reset of reputation will ameliorate trolling.

It won't be possible to advance the knowledge age if there sovereign debt-fiat backstop capture mechanism isn't thwarted. Because that totalitarianism requires snuffing out the decentralization the knowledge age is.

I am unconvinced that the sovereign debt-fiat backstop capture mechanism will not be self limited. It seems to be designed/effective at pushing the world towards global world governance. However, once that is accomplished is it really in anyone's best interests including TPTB to quash innovation and a future knowledge age.

The knowledge age and the NWO are fundamentally incongruent, because the former produces at such a high rate, the latter's fixed capital is diluted towards 0. TPTB have no power in a knowledge age.


That would be a lot like medieval barons trying to quash the renaissance out of fear.

They were forced to get into central banking instead. This time, there is no where for them to transition so they go for total control as last desperate option.

Checkmate.
legendary
Activity: 1946
Merit: 1055
June 24, 2015, 02:06:12 AM
I would argue that the following rephrasing of your argument is more accurate.

Transparency and merit is on the substantive production. Personal identity is usually required to maximize production, however, identity can become a detriment when politics will attack or slow production. In this special case obfuscation of personal reputation may maximize production.

Now you have to prove that is a special case, and not the omnipresent one.

Haha touché

No arguing that the near term trend is towards omnipresence. Longer term I am more optimistic.  
I agree that mankind is being held by politics everywhere.

The challenge is how to scale up a system based on personal reputation from a local community to the global level without introducing politics? Or said more simply how does one solve the technological challenge of raising ones Dunbar limit to effectively and with with reasonable accuracy include all of humanity.

Perhaps this challenge can never be solved. However, if it can it will represent a solution that is superior to anonymity.

It won't be possible to advance the knowledge age if there sovereign debt-fiat backstop capture mechanism isn't thwarted. Because that totalitarianism requires snuffing out the decentralization the knowledge age is.

I am unconvinced that the sovereign debt-fiat backstop capture mechanism will not be self limited. It seems to be designed/effective at pushing the world towards global world governance. However, once that is accomplished is it really in anyone's best interests including TPTB to quash innovation and a future knowledge age. That would be a lot like medieval barons trying to quash the renaissance out of fear. Could it happen, perhaps, but I doubt it and it may not even be possible. The wealthy today are better off then the feudal barons living in cold damp castles and they know it. Similarly TPTB will benefit far more than most from a knowledge age even if their relative status gradually declines.
sr. member
Activity: 420
Merit: 262
June 24, 2015, 01:02:51 AM
Transparency and merit is on the substantive production. Personal identity is not only not always required to maximize production, it is sometimes a detriment to doing so when politics can attack or slow production. That is not to say personal reputation isn't valuable in come contexts.

I would argue that the following rephrasing of your argument is more accurate.

Transparency and merit is on the substantive production. Personal identity is usually required to maximize production, however, identity can become a detriment when politics will attack or slow production. In this special case obfuscation of personal reputation may maximize production.

Now you have to prove that is a special case, and not the omnipresent one.

I think you will find the Theory of the Firm is at the generative essence entirely predicated on political gridlock.

Thus mankind is being held by politics every where. And this is precisely why local community based on personal reputation (i.e. our Dunbar limit) can't scale.

As we've advanced into the knowledge producing activities, men have been fighting back.

Perhaps, or perhaps those who advance into knowledge producing activities while sustaining healthy habits and lifestyles will simply be those who emerge on the other side of this bottleneck not so much a fight but a gradual replacement.

Your cited resource showed that men have fought back from 17-to-1 to 5-to-1 since the dawn of agriculture.

Of course I didn't mean fist fight; I mean in the economic competition dimension.

It won't be possible to advance the knowledge age if the sovereign debt-fiat backstop capture mechanism isn't thwarted. Because that totalitarianism requires snuffing out the decentralization the knowledge age is.

So I don't think you have a choice on anonymity. Eugenics or knowledge age. Each person can make their choice because it will be a bifurcation. And I think think even the Bible makes it quite clear we will choose the 666 or be raptured away from that world.
legendary
Activity: 1946
Merit: 1055
June 24, 2015, 12:38:54 AM
Transparency and merit is on the substantive production. Personal identity is not only not always required to maximize production, it is sometimes a detriment to doing so when politics can attack or slow production. That is not to say personal reputation isn't valuable in come contexts.

I would argue that the following rephrasing of your argument is more accurate.

Transparency and merit is on the substantive production. Personal identity is usually required to maximize production, however, identity can become a detriment when politics will attack or slow production. In this special case obfuscation of personal reputation may maximize production.

As we've advanced into the knowledge producing activities, men have been fighting back.

Perhaps, or perhaps those who advance into knowledge producing activities while sustaining healthy habits and lifestyles will simply be those who emerge on the other side of this bottleneck not so much a fight but a gradual replacement.
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