@SantiagoAuFund There is no way to not do business with government when a business is financed in dollars, even if it has ostensibly private clients.
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Michael Habner
668 posts
I totally understand a Compnay not wanting to have its policies dictated by the Gov. But if that is the case, then don't do business with the Gov.
A companies biggest customer wanting to have influence on what the product does and how it is used is not a unique circumstance...
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@RealKeithWeiner Wow. Increasing frequency, duration and depth of backwardation, first in silver, even if also chaotic & volatile.
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Remarkable picture in silver. Backwardation as of yesterday!
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@RealKeithWeiner 'Loincloth on the Naked Bogeyman' page 5, par. 3: "According to one hypothesis, permanent backwardation in silver will precede that in gold."
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@RealKeithWeiner 'What Gold and Silver Analysts Overlook" page 9, par. 5 "... and look for other signs of the coming backwardation, first in
the silver, then in the gold market."
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As of Monday, the March silver contract is backwardated.
This does not mean that the London market is "paper" and the "paper price" is being rejected. It means silver metal is scarce.
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@RealKeithWeiner Suggests he had a stance on it, perhaps there are other refs. His work as timeless as ever.
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@RealKeithWeiner 'Loincloth on the Naked Bogeyman' page 5, par. 4 "According to one hypothesis, permanent backwardation in silver will precede that in gold. ..."
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Michael Habner retweetet
CitizenGO Live with Senator Malcolm Roberts x.com/i/broadcasts/1…
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@StefanMolyneux Nothing much can be said to them. Don't engage with them & defensively protect yourself where you can.
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What do you say to those whose rational self interest is served by lying?
Cox, Butts, & Balls - Dolphin Law Specialists (ZZ)@8bitProdigy
@StefanMolyneux Because it serves our rational self-interest not to.
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@lenaencore Worthy of making the effort to be free of it. I am working on such a project and looking for people of like mind.
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Personally, I LOATHE ALL GOVERNMENT.
It's just a sanctified mafia creating crises, selling fake solutions, stealing from us to fund its own power while calling itself our protector.
Doesn’t matter which team red/blue, left/right - they're puppets of the same predatory system.
The people desperate to rule over others? Hollow, power hungry, soulless parasites who feed on control, masking their narcissism as “leadership” while dragging the rest of us into ruin, division, and permanent servitude.
Yep, worthy of loathing.
Ann Vandersteel™️@annvandersteel
Personally I LOATHE our government. Anyone feel the same?
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@RealKeithWeiner Perhaps the biggest cost of regulation is the goods and services that could have otherwise come to market, but didn't. Seen only in the eye of thinking economists.
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Regulation is always sold to the public, that it protects the tenant, borrower, consumer, worler, patient. Always.
We have regulations on medications because--according to socialists--Big Pharma would sell poisons and doctors would prescribe unnecessary drugs.
But regulation always results in expensive CYA compliance. Always.
If you are overseas, your pharmacy won't want to send your medication to a foreign address. Even if they did, local regulations prevent it being imported anyways.
For your safety, of course. Always.
What? You will die without it? Sorry, sir, we cannot. Maybe you can fly back to the US, sir?
It's for your own good because, Big Pharma and quacks would exploit you.
It's hard to even imagine how much better life would be, if we had a truly free market. It's hard to conceive of all the ways that regulations block the big and small things. No one knows what goods and services we don't have, due to regulation. It's hard to even calculate how much of the prices we pay are Mandatory Useless Ingredients (compliance) va how much is the goods themselves. An awful lot.
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@RealKeithWeiner Primarily, it needs honest money - not the abomination of dollars, a concept Keen overtly rejects.
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Indeed, its broken. It needs less calls for govt to displace economic decisions with politicized decisions backed by force. Less collectivism including aggregates. Less magical thinking such as Keynes and MMT. Less court-economists.
More individual, the economic unit actor.
Prof. Steve Keen@ProfSteveKeen
1/ After 40+ years in economics, here's my verdict: the discipline is fundamentally broken and needs complete reconstruction. Here's what real economics should look like.
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Sharing without comment, because I want everyone to see this argument made by a prominent bitcoin economist (and my debate opponent).
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Pierre Rochard@BitcoinPierre
If we each buy $20 worth of BTC, we can drive the price back up above $100k.
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@RealKeithWeiner @josephwang Menger disagreed, he wrote about 'exact' rules determining individual human economic behaviour from which macro economic phenomena emerge. Human economic behavour is predictable.
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@josephwang There are rules, though most equations containing macro aggregates are rubbish.
Here's one rule: borrowing at 7% to generate 5% return on capital doesn't work.
This must be true in the long run:
R > I
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Science assumes that there are stable underlying relationships that can be discovered - which is true in the natural world.
But in the social world relationships between variables change, so there are no rules to discover. That is why economics will never be a science.
Douglas Irwin@D_A_Irwin
Greg Mankiw on whether economics is a science (WSJ)
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@RealKeithWeiner Few things are more entertaining than watching two people argue, both of whom are wrong. 🤣
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Watching MMT debate bitcoin is like watching a witch doctor debate a medievalist:
"you wave this mistletoe harvested on Midsummer's Eve over his nose!"
"no you idiot, you put these 7 leaches on him for 7 hours!"
Rohan Grey@rohangrey
You know you create actual dollars, right? Like if the point is to acquire something to them sell it for money, you can just...make the money
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@andrealynn_rn2 @lenaencore Government can define itself as a legal enterprise by way of the law. Conflating state law with morality is a major obstacle to almost all.
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Many people still struggle to grasp this, but here it goes…
The government—the system—is a criminal enterprise.
Both Republicans and Democrats serve the same system.
Trump, Elon, RFK Jr., Kash Patel, and the rest all serve the system.
No one who serves the system will ever dismantle it.
No one who serves the system is a threat to it.
That’s just the narrative they sell you—to keep you believing in the system.
The illusion of opposition is the system’s greatest weapon.
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@lenaencore I appreciated your comments on her page, despite the disparaging remarks of the majority of commenters. Everybody walks their own path but she and the purported 'freedom movement' have not yet figured out the true nature of politics: rule of man over man by force and deception.
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You don't get it at all, Monica, not at all...asking people to participate in a corrupt system (your words), to be a part of a collective (sounds rather Communistic, don't you think) and putting aside their pride to give their consent to that corrupt system.
It's not pride, Monica. It's integrity and principles and, yes, morality. Standing up for what one believes in.
Kind of like what you did when you were arrested and jailed for refusing to sign the bail conditions.
Why are you putting these aside to participate in the lies? Why are you encouraging others to compromise themselves to win in a losing game?
Monica Smit / Reignite Democracy@reignitedem
I spent the last 24-48 hours trying to understand why people in our community decide not to vote. The only reasonable answers I got were centered around the individual having a moral highground by not participating in a corrupt system. While I personally agree with the sentiment that the system is corrupt, I also can't see a collective benefit by a few % not voting. All it does is help our shared enemies...prove me wrong? Leading up to the election, I will be encouraging people to put aside their pride for one afternoon and vote, for the collective benefit. If they don't, minor parties and independents have less opportunity to make a difference. Share this with your friends, save this image in your phone and post it into comment sections when appropriate.
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@RealKeithWeiner Keen fails to see how things could, or even ought, to be, deferring to what he's been told and has always thought that he's known: that dollars are money, that the state is the source of provision and of truth.
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Not to worry, they already have.
Milton Friedman sold us on the idea that Communist Manifesto Plank #5 was part of capitalism. The base layer.
We have a vast welfare state, govt owns many industries including schools (Plank #10), every business is regulated...
People call it "capitalism". Keen calls it "neoliberalism".
Mussolini coined the term for it.
Prof. Steve Keen@ProfSteveKeen
Another is for Elon Musk on money. A third is about the economics of climate change, and has the working title of “How Economists Will Destroy Capitalism”. 2/n
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@SantiagoAuFund In which way do you prefer to lie to yourself about the nature of your relationship with government?
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Would you prefer your Government level with you and just say straight out that you are their subject and that you work for them?
Or do you prefer the lie?
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