>>61109418
What concessions does he make to have a libertarian dream world? He's basically an authoritarian am i right?
Better to just be a full-throated authoritarian, in my opinion. The entire germ of conflict arising in humanity is along class-lines SPECIFICALLY on one single issue: The ability to earn money from money (interest). This is without a doubt, the single most important thing that the masses have to overcome: Ungodly amounts of wealth in private hands. Because to retain power the elite have to sabotage and destroy the masses. They learned this more so than ever after the close call of WW2.
You can't win without authoritarianism. And ONLY authoritarianism will work.
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7 results for "b04350dba661e4a44aebb9a8013c1658"
>>60896163
The problem is the normalcy they all count on is contingent on factors outside of our control. We can't guarantee banks are always credit worthy. We can't guarantee the globe will subsidize American consumption. We can't even guarantee the government can pay its bills. We already lose half of our tax receipts to interest alone.
Given that we know the banks, Wallstreet, Insurance and pensions are all held together by Treasuries which have eroding fundamentals we can say with absolute certainty that the normalcy we all enjoy will be coming to an end and there is no chance even remotely possible of ending the debt spiral.
Even if the government issues a decree that ALL bonds issued at any time will now only have a coupon of 1%, people will begin to take their cash and then chase after commodities instead of yield. Credit assets chasing after real-world capital is when the fun really begins and nothing can wipe the debts clean besides bankruptcy. When that happens economic scarcity is actualized and written off as losses.
I say it all the time. But that is the most concise way to describe the problems we face and more or less how things will play out.
>pic rel
Gold is an asset that banks own. Can't default on this. In fact, the price will be revalued higher.
The problem is the normalcy they all count on is contingent on factors outside of our control. We can't guarantee banks are always credit worthy. We can't guarantee the globe will subsidize American consumption. We can't even guarantee the government can pay its bills. We already lose half of our tax receipts to interest alone.
Given that we know the banks, Wallstreet, Insurance and pensions are all held together by Treasuries which have eroding fundamentals we can say with absolute certainty that the normalcy we all enjoy will be coming to an end and there is no chance even remotely possible of ending the debt spiral.
Even if the government issues a decree that ALL bonds issued at any time will now only have a coupon of 1%, people will begin to take their cash and then chase after commodities instead of yield. Credit assets chasing after real-world capital is when the fun really begins and nothing can wipe the debts clean besides bankruptcy. When that happens economic scarcity is actualized and written off as losses.
I say it all the time. But that is the most concise way to describe the problems we face and more or less how things will play out.
>pic rel
Gold is an asset that banks own. Can't default on this. In fact, the price will be revalued higher.
>>60826301
They are solvent only because they can dilute my money (counterfeit) and tax my earnings (steal).
At its core, it's quite clear that the banking system is bankrupt and it is my own ass I am chewing on when I toil and try to get by. The more you pay into it asking for value in the future the more you expose yourself to losses. As I said before, to make everyone whole on these obligations we all just need to pay $300,000 per person (even children). This is like asking 100% of all homeowners to sell their houses at market value and receive NOTHING as all the payments are owed elsewhere. These are insane obligations that can never be repaid even if we tried our hardest for 100 years. The value is gone, blown up fighting wars and buying bombs, warplanes and yachts. We just haven't formally written off the losses yet. We already lose HALF of the government's tax receipts to interest and even the Fed is suffering losses on their portfolio and no longer remit excess payment back to the Treasury. We are exponentially approaching the even horizon, and like our friend Mr Crab above, those exposed to the losses will be locked in quite abruptly and without warning.
They are solvent only because they can dilute my money (counterfeit) and tax my earnings (steal).
At its core, it's quite clear that the banking system is bankrupt and it is my own ass I am chewing on when I toil and try to get by. The more you pay into it asking for value in the future the more you expose yourself to losses. As I said before, to make everyone whole on these obligations we all just need to pay $300,000 per person (even children). This is like asking 100% of all homeowners to sell their houses at market value and receive NOTHING as all the payments are owed elsewhere. These are insane obligations that can never be repaid even if we tried our hardest for 100 years. The value is gone, blown up fighting wars and buying bombs, warplanes and yachts. We just haven't formally written off the losses yet. We already lose HALF of the government's tax receipts to interest and even the Fed is suffering losses on their portfolio and no longer remit excess payment back to the Treasury. We are exponentially approaching the even horizon, and like our friend Mr Crab above, those exposed to the losses will be locked in quite abruptly and without warning.
>>60610429
It wasn't enforced, and back then people actually had confidence in the government. Not so these days. I'd rather bury it in the back yard and forget about it than hand it over to a KNOWN bankrupt entity.
The system wants precious metals anyway. So once the losses get eaten by the plebs, they want PM holders to buy back in to the system as preferred customers. Reality will separate the haves from the have-nots. That will be determined on physical ownership. The world has no need for useless eaters sitting on multi million dollar portfolios collecting checks doing nothing. The system is top heavy, and the super elite need to knock people off the life raft back into the water. That take-down will impact credit assets because that is where the problem lies. The counterbalance will FORCE precious metals higher as a necessary condition that $80TN of assets can't suffer a collapse in purchasing power without it impacting other things in the economy. Capital flows to quality and assets that can not be effortlessly counterfeit will win by default.
It wasn't enforced, and back then people actually had confidence in the government. Not so these days. I'd rather bury it in the back yard and forget about it than hand it over to a KNOWN bankrupt entity.
The system wants precious metals anyway. So once the losses get eaten by the plebs, they want PM holders to buy back in to the system as preferred customers. Reality will separate the haves from the have-nots. That will be determined on physical ownership. The world has no need for useless eaters sitting on multi million dollar portfolios collecting checks doing nothing. The system is top heavy, and the super elite need to knock people off the life raft back into the water. That take-down will impact credit assets because that is where the problem lies. The counterbalance will FORCE precious metals higher as a necessary condition that $80TN of assets can't suffer a collapse in purchasing power without it impacting other things in the economy. Capital flows to quality and assets that can not be effortlessly counterfeit will win by default.
>>60584621
>No rebuttal.
IQDalit, you are given ample opportunities to actually engage in a counterargument but you don't seem to be able to articulate even the most meager pushback. It's really pathetic.
>No rebuttal.
IQDalit, you are given ample opportunities to actually engage in a counterargument but you don't seem to be able to articulate even the most meager pushback. It's really pathetic.
>>60573382
It's reality. There is a massive short interest in PMs futures contracts.
They will go long when it suits them and I am content to build position well in advance of when they do.
It's reality. There is a massive short interest in PMs futures contracts.
They will go long when it suits them and I am content to build position well in advance of when they do.