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Thursday, April 27, 2017

Ce ne sont pas l'économie

The global elite will fall in the end. The global elite can claim that l'économie est nous all they want, but it isn't and it never has been.
The world is run by an international elite that lives in a rarified world of seemingly boundless power and luxury. Though the members of this elite consider their own power and luxury to be completely legitimate, it is not. It is the product of a system that's rigged to benefit them while everybody else languishes in declining small cities and provincial towns, eking out a dreary existence, toiling away their lives in menial service-sector jobs or scraping by on disability checks while seeking out a modicum of fleeting joy in the dumbstruck haze of a painkiller high.

Unless something fundamental changes, the gap separating these worlds will only increase, economically, culturally, and psychologically. Republicans show every sign of continuing to pursue policies that actively make the economic problems worse. Centrist Democrats, meanwhile, appear to be both unwilling to propose a sweeping critique of the outlook and policies that got us to this point in the first place and inclined to dismiss the populist anger building all around us as an expression of atavistic prejudice.

This cannot last. At this rate, make no mistake: The global elite will fall.
Their parasite economy of finance-based ownership of real world property and produce rests entirely upon the false claims it generates upon the real economy. And all it takes to destroy the parasite economy is the mass refusal to recognize its claims, many of which are already known to be completely fictitious. See: the mortgage title scandal of 2008 onwards.

The parasite economy is already killing its host. It is like a drunken vampire who is too intoxicated to stop draining his victim. And once the host collapses, its component parts will turn on the parasites with a vengeance.

This isn't a failure of capitalism, this is a tripartite failure of usury, fraud, and fundamental morality. The Alt-Right Revolution cometh.

Labels: ,

202 Comments:

1 – 200 of 202 Newer› Newest»
Anonymous Taco Town April 27, 2017 11:05 AM  

The system should be rewritten to reward productivity above all else.

Blogger Rabbi B April 27, 2017 11:07 AM  

The global elite will fall in the end.

Indeed they will. Can't happen soon enough.

“The merchants of the earth will weep and mourn over her because no one buys their cargoes anymore ... “They will say, ‘The fruit you longed for is gone from you. All your luxury and splendor have vanished, never to be recovered.’ The merchants who sold these things and gained their wealth from her will stand far off, terrified at her torment. They will weep and mourn ... (cf. Revelation 18)

Blogger StrawMan April 27, 2017 11:07 AM  

Two top factors in social decline and collapse are ecological stress and social stratification. The latter is increasing rapidly - if the elite are intelligent, and we'll find out, they'll see this trend and put a stop to it. That would require traits they don't seem to have though.

Anonymous Ryan ATL April 27, 2017 11:08 AM  

"too big to fail" eat a D!

Anonymous basementhomebrewer April 27, 2017 11:15 AM  

Visited CBOT about 8 years ago now when this realization stuck me. The main thing I noticed was there are a lot of people working at brokerage firms trading in commodities they never intended to use for anything. Following that logic I realized they were getting rich while providing absolutely no value to society.

Anonymous A Deplorable Paradigm Is More Than Twenty Cents April 27, 2017 11:15 AM  

At any time in the last 40 or 50 years some of them could have said "Enough! We have enough!" but sinful men don't work that way. The Davos set is heading into excesses like the French aristos of the 18th century.

Anonymous fop April 27, 2017 11:19 AM  

So we're not all going to have self-driving solar powered cars and munch chocolate covered fetuses served to us by fleshlights?

Blogger Student in Blue April 27, 2017 11:26 AM  

This isn't a failure of capitalism, this is a tripartite failure of usury, fraud, and fundamental morality.

And really, the most frustrating part of this is that the first two go completely unpunished, and the third is celebrated as "enlightenment".

Truly, calling evil good.

Blogger VD April 27, 2017 11:31 AM  

I read the article. Written by Damon Linker. Got his start by getting an internship with Richard John Neuhaus and then writing a hit piece book on him. Real piece of work.

That may well be, but it doesn't mean he's wrong. Best to avoid the Genetic Fallacy.

Anonymous BluePony April 27, 2017 11:31 AM  

"So we're not all going to have self-driving solar powered cars and munch chocolate covered fetuses served to us by fleshlights?"

Ah, I see you watched Bill Nye's new Netflix show.

Blogger ZhukovG April 27, 2017 11:31 AM  

But, Monseigneur must have his chocolate!

Anonymous Starbuck April 27, 2017 11:32 AM  

The Alt-Right Revolution cometh. - VD

Which will put an end to the present elite. 20+ years later after the revolution someone will discover that they have an elite rising again. It's a never ending process. I think it is inevitable for someone to take advantage of someone else. Regardless of scale. Some people are willing to take the advantage, most are willing to work and provide for them.

Blogger Ingemar April 27, 2017 11:34 AM  

economy of finance-based ownership of real world property

A.K.A. usury.

A great deal of apologetics for the modern day economy rest on our superenlightenedaccurate "understanding" of usury.

I'm sure if our country was led by Vikings we'd have their equivalent of John Maynard Keynes tell us that plunder is good for the economy. The thing is even the real-life Vikings were smart enough to realize that trade is easier and more efficient than looting.

Anonymous krbu April 27, 2017 11:40 AM  

Recently I was in Athens, treating myself to a very special dinner (Spondi), when a single, older woman sat next to my husband and me, ordering wine more than 400 dollars a bottle, and chatting incessantly about herself. She was an EU bureaucrat, excited about the "progress" Greece has made, ditto Portugal, having just spent time watching horse races at some island somewhere, blah blah blah.

Her single bill must have been more than $1,000 US dollars, disgustingly expensive compared to the sufferings of the ordinary Greek family that now lives on less than 100 euros of food/head.

She must have felt hated. As she bragged about her exploits and adventures, she kept looking around, seeing who was looking at her, not in a sexual prowling sense, but in a "need-to-have-spacial-awareness" mentality. It was all I could do to mask my utter disgust.

She ruined my meal.

Anonymous Grayman April 27, 2017 11:45 AM  

Starbuck wrote:The Alt-Right Revolution cometh. - VD

Which will put an end to the present elite. 20+ years later after the revolution someone will discover that they have an elite rising again. It's a never ending process. I think it is inevitable for someone to take advantage of someone else. Regardless of scale. Some people are willing to take the advantage, most are willing to work and provide for them.



Eternal vigilance is the price that must be paid by those who would stand on their own and not be ruled by others.



Blogger ZhukovG April 27, 2017 11:45 AM  

@Starbuck: That's people for ya. But a system built on De-centralized Nationalism, somewhat like Switzerland, will at least be more resistant. Though no system is going to be perfect.

Anonymous Gen. Kong April 27, 2017 11:47 AM  

The elite and the numerous paid shills and leftoid allies have been able to keep the present ponzi-scheme going far longer than nearly everyone who understands has predicted. The problem goes back to what d.c. sunsets writes about here often, the apparent inability of most to see through the figure who continually tells them to "pay no attention to that man behind the curtain".

Anonymous Andrew E. April 27, 2017 11:47 AM  

Trump could really shake things up by moving on an EO that directs the DOJ to only enforce valid, non-usurious lending contracts, ie. those lending contracts explicitly collateralized by unambiguously owned assets.

Anonymous Athor Pel April 27, 2017 11:49 AM  

I can see the t-shirt now.

Capitalism Didn't Fail

Usury, Fraud and Relative Morality Failed

Anonymous Grayman April 27, 2017 11:49 AM  

Cultural segregation is very nearly a prerequisite to building a non-parasitic system. Some cultures inherently prefer strong man and autocratic systems that readily tolerate and almost expect corruption and parasitic behavior.

Blogger Student in Blue April 27, 2017 11:49 AM  

@12. Starbuck

There will always be an elite, and there will always be the poor. And this is because there is free will - people who climb tooth and nail to the top no matter the sacrifice, and people who try to skate by on life.

And just because there will be an elite 20+ years from now doesn't mean the Alt-Right has to muster its forces to oust them. The aim of the Alt-Right is not anti-elite, but to hew to the truth.

Anonymous VFM #6306 April 27, 2017 11:52 AM  

It was all I could do to mask my utter disgust.

Masks are for antifa. Next time call her out and enjoy your meal instead.

Blogger Bernard Brandt April 27, 2017 11:55 AM  

This isn't a failure of capitalism, this is a tripartite failure of usury, fraud, and fundamental morality.

I would say, rather, that it is the success of usury and fraud, and the failure of fundamental morality. That said, I am in entire agreement with you, Vox. It's coming.

Blogger Koanic April 27, 2017 11:56 AM  

The failure of the capitalist nations to resist Keynesian globohomo (((banksterism))) is an indictment of both capitalism and nationalism, because both imply atomization, the detribalization of labor and politics, respectively.

That we must restore Chesterton's fences of nation and property does not mean we can stop there, and somehow hope the Tower of Babel won't topple again.

This should be obvious - there are more people in most individual countries now than lived in the entire world when God viewed the Tower of Babel as a threat!

There is a reason God went so far as Judges, and no further. Ass jawbones are antifragile, like Pashtun tribesmen with Stinger missiles.

Blogger ((( bob kek mando ))) - ( don't trifle with me, son. i'm a professional, certified 4th degree black belt in the ancient Hebrew martial art of Kibitz Maga ) April 27, 2017 11:56 AM  

VD
Their parasite economy of finance-based ownership of real world property and produce rests entirely upon the false claims it generates upon the real economy.



yes, that's where i was going with the question of, "Are there any debts which are NOT Abstract?"

you yourself have pointed out previously that corporations are a fiction of the state.

i don't know that Debt is a fiction of the state, requiring only two parties ( the lender and the debtor ) to agree to it, but this ( Debt ) is also an Abstract.

funny, how you can purchase Concrete products with an Abstract.

Anonymous Starbuck April 27, 2017 12:04 PM  

Capitalism Didn't Fail

Usury, Fraud and Relative Morality Failed


Capitalism Didn't Fail

Usury, Fraud and Relative Morality Succeeded


There, fixed it for you...

Anonymous Jack Amok April 27, 2017 12:04 PM  

there are a lot of people working at brokerage firms trading in commodities they never intended to use for anything. Following that logic I realized they were getting rich while providing absolutely no value to society.

The single biggest mid-term threat to the West is that we've spent two (or three) generations encouraging our highest potential people to make careers out of providing nothing. As a society, we have to re-learn how to direct people into useful work.

Blogger ((( bob kek mando ))) - ( don't trifle with me, son. i'm a professional, certified 4th degree black belt in the ancient Hebrew martial art of Kibitz Maga ) April 27, 2017 12:14 PM  

l14. krbu April 27, 2017 11:40 AM
As she bragged about her exploits and adventures, she kept looking around, seeing who was looking at her, not in a sexual prowling sense, but in a "need-to-have-spacial-awareness" mentality.


a - most women are constantly looking for attention

b - she KNOWS what does does is unearned. she KNOWS that no average Greek can live anything remotely like she does.


i made the point on Ars last week, a corollary to a common expression:

1 - when the only tool you have is a Hammer, all of your problems look like Nails

a - when you get paid to swing the Hammer, it benefits you to convince EVERYONE ELSE that their problems are Nails.

b - the fact that you may be lying to them is completely irrelevant

Blogger ((( bob kek mando ))) - ( don't trifle with me, son. i'm a professional, certified 4th degree black belt in the ancient Hebrew martial art of Kibitz Maga ) April 27, 2017 12:17 PM  

although at the time i was referring specifically to lawyers ...

Anonymous Grayman April 27, 2017 12:17 PM  

Jack Amok wrote:

The single biggest mid-term threat to the West is that we've spent two (or three) generations encouraging our highest potential people to make careers out of providing nothing. As a society, we have to re-learn how to direct people into useful work.


Worse yet, we have directed our great thinkers to the pursuit of finding more complex ways of gaming the system for financial gain. We have directed our great minds to conducting fraud against our own system.

As a result there are now multiple claims for functionally every physical asset on the planet. When this implodes it will be like having a star go nova in your face.

Anonymous crew April 27, 2017 12:18 PM  

From the article:

They see a unified push to cut government programs at a moment when polls show a growing share of the public prefers bigger government.

Perhaps that growing share of the public would be happy with unicorn farts.

Blogger Cail Corishev April 27, 2017 12:32 PM  

There will always be an elite, and there will always be the poor. And this is because there is free will - people who climb tooth and nail to the top no matter the sacrifice, and people who try to skate by on life.

I don't think we're talking about the same elites. We're not talking about captains of industry who built factories and squeezed every dollar. We're not even talking about Bill Gates, who did some good work compounded by massive luck. We're talking about Chelsea Clinton, whom the elites would just love to hand power to. And many, many little Chelseas whose family or school connections got them a nice sinecure with a NGO or college or media corporation, and now they live better than a Roman emperor, despite having never struggled with anything more difficult than scheduling a massage and a manicure in the same afternoon without a conflict. They are the elites now. Suggesting that they got there on "sacrifice" insults those who used to.

Anonymous Grayman April 27, 2017 12:37 PM  

@32 Cali

despite having never struggled with anything more difficult than scheduling a massage and a manicure in the same afternoon without a conflict.


MMMMMM sounds delicious sort of like veal. The meat must be incredibly tender after a nice slow BBQ!

Blogger szopen April 27, 2017 12:44 PM  

VD, Andrzej Pilipiuk is interested. He wanted to know more about you and your publishing house, but said that as long as you are not Nazi he doesn't care whether others are calling you racist or sexists. Nevertheless, I decided it's better that he will make informed decision (I think it's best not to have misunderstandings later), so I told him about the controversies surrounding Hugo and generally about your views. I hope I was more or less precise. I told him to contact you as books@castaliahouse.com

I don't know about what conditions you offer to the new authors, so I expect Andrzej will ask you quite a lot questions.

Anonymous Überdeplorable Psychedelic Cat Grass April 27, 2017 12:45 PM  

"They see the White House and Congress struggling to pass a health-care bill that will leave millions more without insurance coverage at a time when a majority of Americans and a plurality of Republicans favor a single-payer system that would cover all. They see a president proposing to drastically cut corporate and individual taxes (including the elimination of inheritance taxes, which will benefit only the richest of the rich) when polls show that the top frustration with the tax system is that corporations and the wealthy don't pay their fair share. They see a unified push to cut government programs at a moment when polls show a growing share of the public prefers bigger government."

No, we don't favor single payer system. The wealthy pay their fair share. If you had welfare parasites actually have some skin in the game, things might actually change. No, we don't prefer bigger government. What LSD or crack is this writer using because I want some!

I'm not excusing the Republicans for capitulating on the government shutdown or Planned Parenthood, etc. I'm just saying this writer must be smoking some fantastic ganja.

"Recently I was in Athens, treating myself to a very special dinner (Spondi), when a single, older woman sat next to my husband and me, ordering wine more than 400 dollars a bottle, and chatting incessantly about herself. She was an EU bureaucrat, excited about the "progress" Greece has made, ditto Portugal, having just spent time watching horse races at some island somewhere, blah blah blah.

Her single bill must have been more than $1,000 US dollars, disgustingly expensive compared to the sufferings of the ordinary Greek family that now lives on less than 100 euros of food/head.

She must have felt hated. As she bragged about her exploits and adventures, she kept looking around, seeing who was looking at her, not in a sexual prowling sense, but in a "need-to-have-spacial-awareness" mentality. It was all I could do to mask my utter disgust.

She ruined my meal."

@14 What an arrogant fool. I'd love to see the smirk on her face wiped off in France elects Le Penn.

"I can see the t-shirt now.

Capitalism Didn't Fail

Usury, Fraud and Relative Morality Failed"

@19 I'd buy that shirt.

"Perhaps that growing share of the public would be happy with unicorn farts."

@31 Provide that said farts are carbon neutral, even the Greenies would be onboard!

Blogger Anthony April 27, 2017 12:46 PM  

Lots of the bankster elite could have made perfectly good engineers if they'd taken that route during college. Fixing our system requires making engineering and other fields that produce real benefits look more attractive to smart young people than financial manipulation.

Anonymous Jeff April 27, 2017 12:49 PM  

I'm no Austrian but I did enjoy reading Rothbard's "An Austrian Perspective on the History of Economic Thought" which I know many here have also read.

Usury comes up frequently in the book. It has been a very controversial and hotly debated subject throughout history.

Blogger VD April 27, 2017 12:50 PM  

Usury comes up frequently in the book.

The book could not unreasonably be described as chronicling the gradual legalization of usury over centuries.

Blogger Peter Jackson April 27, 2017 12:50 PM  

The author of the article lost me when he said most Americans want single payer health care. He sounds like Bernie Sanders.

Anonymous badhairday April 27, 2017 12:55 PM  

Reminds me of a quote from I Claudius:

Tiberius (referring to the Praetorian guard; who were honour bound to serve the emperor; but were in effect ruling Rome)
: Isn't there a man of honour left among them?

Caligula: Not that I'm aware of.

We've reached the point were the Mega rich are creating for themselves yet more (imaginary)wealth by forcing normal people into a lifetime of debt. With the present corruption of the media;education and political system its hard to see how a balance can be restored.

How long do you reckon it will take them to institute debt bondage?

Drain the swamp!

Blogger Good Will April 27, 2017 1:04 PM  

"This isn't a failure of capitalism, this is a tripartite failure of usury, fraud, and fundamental morality. The Alt-Right Revolution cometh."

Damn, Vox! You get it right so often!

Blogger James Dixon April 27, 2017 1:05 PM  

> A.K.A. usury.

One of my pet peeves. In what truly moral society would payday loan shops be allowed? Yet they're one of the more thriving businesses in many areas. I can remember where the maximum legal interest rate was 18%.

> ...when a single, older woman sat next to my husband and me...

Darwin will have his revenge. There's a very high probability she's childless.

> The meat must be incredibly tender after a nice slow BBQ!

Yes, but the fat content is way too high.

Blogger Snidely Whiplash April 27, 2017 1:10 PM  

badhairday wrote:How long do you reckon it will take them to institute debt bondage?
Already happened. Educational debt is non-dischargeable.

Blogger James Dixon April 27, 2017 1:10 PM  

> How long do you reckon it will take them to institute debt bondage?

With Bush the Elder making it much harder to discharge credit card debt in bankruptcy and student loan debt not being dischargeable at all, we're well on our way. Do you really believe the the folks arguing that everyone should have a college education have the students' welfare in mind?

Anonymous A Deplorable Paradigm Is More Than Twenty Cents April 27, 2017 1:11 PM  

Meanwhile at the micro level, Libtards flashmobbed the Heritage foundation for about 20 minutes the other day.

While opposition to Trump's budget was the headline of the demonstration, they didn't let that stifle their creativity. "Our solution to pollution is the people's revolution," they chanted before switching over to the more succinct, but no less vague, cadence of "water not walls."

Whatever security Heritage had was not enough. Since it was DC libtards they didn't do much more than LARP. But this is a step further from the "walk around outside holding a sign" protest, obviously they didn't want to get arrested.

Photo and ID will work for these LARP's. Harder core flash mobbers will require a more Based approach. No carrot. All Stick. Very Based Stick.

Blogger Cluebat Vanexodar April 27, 2017 1:14 PM  

Totally OT.
Settlement of the Kuril dispute. Another worthy legacy for GE.

https://www.bloomberg.com/politics/articles/2017-04-27/putin-warns-north-korea-situation-has-seriously-deteriorated

Anonymous A Deplorable Paradigm Is More Than Twenty Cents April 27, 2017 1:17 PM  

@42
In what truly moral society would payday loan shops be allowed? Yet they're one of the more thriving businesses in many areas.

Try controlling them. Go to your legislature and say, "These businesses are like vampires and there's too many of them." The cuckservatives will shriek "muh Kapitalism!" and the libtards will call you rayciss. Yeah, rayciss. Because payday ripoff is the last resort of the Poor People of Color. Worse than a pawn shop.

Anonymous BBGKB April 27, 2017 1:18 PM  

"too big to fail" eat a D!

The elite order bags of them from Planned Parrenthood. One of the later PPgate hidden camera videos had a related scene.

Ah, I see you watched Bill Nye's new Netflix show.

Glad I got to see NYC before it goes underwater in 2015

I can see the t-shirt now. Capitalism Didn't Fail Usury, Fraud and Relative Morality Failed

Tshirts are like an IQ test. I can wear "White Privilege Is Evolution That's Why Asians Have It Also" tshirt around blacks without any being smart enough to be offended. How many of the general population would understand yours?

I would say, rather, that it is the success of usury and fraud

History in 3 sentences:
Elite looters have a stunningly simple MO that they repeat seemingly non-stop. Destroy a nation and its economy, and then swoop in and collect hard assets on the cheap usually with easy money due to proximity to central bankers. The goal that these connected money men want is a publicly sanctioned private looting.

The author of the article lost me when he said most Americans want single payer health care. He sounds like Bernie Sanders

DieVerseCity & single payer don't work out as R style evolution people have vastly more health problems than K style evolution people. There is no way enough blacks donate blood to cover the blood products used by sickle cells.

Anonymous Grayman April 27, 2017 1:20 PM  

@45

Calling #BasedWindu

https://youtu.be/5cPhax9G1Gw

Anonymous Avalanche April 27, 2017 1:22 PM  

@6 "The Davos set is heading into excesses like the French aristos of the 18th century."

Followed by Madame la Guillotine! Line 'em up!

Anonymous 5343 Kinds of Deplorable April 27, 2017 1:25 PM  

I don't think we're talking about the same elites.

Thanks Cail. I was just about to set out that distinction, and you said it better than I would've.

Blogger VFM #7634 April 27, 2017 1:26 PM  

I think the biggest low-hanging target when it comes to delegitimizing usury is delegitimizing compound interest. That has to go first.

Anonymous Grayman April 27, 2017 1:26 PM  

VD

OT, but it looks like things are still ramping up around NK and logistics are being laid out. Thoughts on NK?

Anonymous Tipsy April 27, 2017 1:26 PM  

About 2 years ago, Pope Francis has denounced usury as inhuman, against human dignity and “a dramatic social ill”, which it is.

In 1999, JPII did the same thing.

My concern (or better yet prediction): Once usury is taken up as the cause du jour by the Left, the issue will be cast as a Cultural Marxist one, the only solutions that will be considered are the usual Bolshevik nostrums.

Blogger Cail Corishev April 27, 2017 1:27 PM  

In what truly moral society would payday loan shops be allowed?

One reason I expected the economy to turn down during the Clinton years was that I noticed payday loan places popping up all over. Personal bankruptcies were booming too. They found a way to kick the can a lot further than I thought they could, but a lot of wealth was transferred from borrowers to lenders in the process.

But that's one of those things where the average right-winger has a conflict between individual freedom and societal good. Do you say, "Hey, if Fred wants to put his car that he uses for work up as security for a loan so he can buy weed this week, who are we to stop him?" Or do you say, "No, our society can't afford for the Freds to be that free"? The hard-core libertarian says let Fred be free, and let him lose his car and job and starve to death, or get shot when he tries to rob someone. But since you can't get more than about 1% of people to vote to live in that society, that's not a very good answer.

Anonymous Grayman April 27, 2017 1:30 PM  

VFM #7634 wrote:I think the biggest low-hanging target when it comes to delegitimizing usury is delegitimizing compound interest. That has to go first.

You'll have to kill the bankers and politicians first, then all of the pensioners. Compound interest is what keeps all three alive. Any financial valuation in the current economic system is meaningless without it. It is the ultimate form of crack. But yes it has to go. compound interest = exponential growth = guaranteed collapse

Blogger James Dixon April 27, 2017 1:34 PM  

> They found a way to kick the can a lot further than I thought they could, but a lot of wealth was transferred from borrowers to lenders in the process.

Why one could almost think that was the intent, couldn't one?

As I noted on Gab about a week ago, I'd never go to Dave Ramsey for investment advice, but his advice on debt is absolutely spot on.

Anonymous Avalanche April 27, 2017 1:34 PM  

@42 "> The meat must be incredibly tender after a nice slow BBQ!
Yes, but the fat content is way too high."

No, no; you've bought the lies of Big Ag and Big Medicine! Go read Mark Sisson's blog (Mark's Daily Apply) or Robb Wolf's blog -- or if you prefer watching:

https://www.youtube.com/watch?v=y1RXvBveht0 (46 min and funny)
followed by :
https://www.youtube.com/watch?v=evcNPfZlrZs (hour and 45 and just as funny!)

The nutrition "industry" has been lying to us just -- if not more! -- than the media!

Blogger Jose April 27, 2017 1:36 PM  

It's not so much the usury that's the problem, but rather deception and use of force. Assuming all y'all are familiar with the concept of parable,

Farmer Fred needs some short-term cash, so he borrows 1000 pieces of silver (PoS) from banker Boris, to be paid on the 23rd and secured by Fred's entire estate, worth 100,000 PoS. Fred has 10,000 heads to cattle to sell at the county fair on the 22nd, worth about 10,000 PoS, so he believes there's no downside to giving Boris such lavish security. Boris, by the way, underbid all other bankers on interest rate, and that's the reason Fred went with him.

On the 22nd, as Fred prepares his cattle for the fair, Warlord Wacko declares that there'll be no fair for "security reasons." Despondent, Fred signs on his entire estate to banker Boris on the 23rd. Boris, being a banker and not a farmer, hires manager-in-training and former warlord-in-training Wacko Jr. and, to help him, Fred's former top adviser Quisling von Benedict Arnold, who by the way was the person who told Fred that the loan security presented no risk.

Anonymous Grayman April 27, 2017 1:36 PM  

@55 Cali

The hardcore libertarian also lets Fred bleed to death in the gutter when he tries to rob someone, or lets him sit at home and starve to death, solving the problem.... Not pretty and hence why libertarians never follow through on their own ideology.

Fred's scenario would be highly unlikely to be anything except a 6 sigma event in a homogeneous western culture with intact morals, ethics, and spirituality.

Anonymous BBGKB April 27, 2017 1:37 PM  

related: http://www.zerohedge.com/news/2017-04-25/central-banks-are-now-printing-200-billion-month-without-crisis

Blogger James Dixon April 27, 2017 1:39 PM  

> compound interest = exponential growth = guaranteed collapse

Compound interest over an unlimited time, yes. Compound interest over a limited time is just a way to lie about the effective interest rate to make it more palatable to those involved.

Blogger James Dixon April 27, 2017 1:41 PM  

> No, no; you've bought the lies of Big Ag and Big Medicine!

You misunderstand me. I'm not arguing about it's nutritional value. Only about the wastage. You simply can't eat that much fat in one sitting. And in this case the numerous "impurities" stored in the fat will ruin the taste.

Blogger Student in Blue April 27, 2017 1:42 PM  

@32. Cail Corishev
I don't think we're talking about the same elites.(...)

My intentions was to warn him against urging people against those simply labeled "elite". MPAI and won't instinctively grasp that difference in definitions. Probably didn't type that up well enough in the original post as I was still congealing my own thoughts.

Blogger swiftfoxmark2 April 27, 2017 1:45 PM  

I have no debt, make a low-six figures a year, and I have yet to acquire enough money to make a 20% down-payment on a home. In my area, that's between 60-80K. Going by the median home prices, for most people that's 40K, which is nearly the median year's salary.

When our down-payments for our shelter costs almost as much as our salaries, nobody is going to be buying.

I hope Trump outlaws all mortgages products that aren't 20% down-payments on a 15-year, fixed rate. You'd see home prices drop very quickly.

Blogger Cluebat Vanexodar April 27, 2017 1:48 PM  

59. Jose

Cool parable, bro.
When I repost that I will be sure to credit you.

Anonymous Grayman April 27, 2017 1:53 PM  

@63 James Dixon

You simply can't eat that much fat in one sitting. And in this case the numerous "impurities" stored in the fat will ruin the taste

1) always invite friends over for a good BBQ.

2) always go for the organic ones! It avoids all the hormones and additives that ruin a perfectly good piece of meat.

Blogger Cicatrizatic April 27, 2017 1:54 PM  

This comment has been removed by the author.

Anonymous johnc April 27, 2017 1:54 PM  

This article is timely and necessary.

Now that the excitement of the campaign is over I see that Americans are starting to break out into left vs. right camps again and are being wedge-split on some of the same old issues, plus some new ones like "free speech". Much of this is because of the nationwide protests that were kicked off by TPTB to get both sides spun up and arguing with each other.* Like Lucy with the football, here are us Americans again, falling for the same old tricks.

Have we forgotten the lessons from Trump's unconventional campaign already? Isn't the battle between the establishment and the non-establishment? Between the populists and the oligarchy? Between our country and the globalists? Yes, they were.

(* Why is the right focusing on low-IQ pantywaist pawns dressed in drab? We should be focusing our anger and energy on getting TPTB to bend the knee.)

Blogger Cicatrizatic April 27, 2017 1:56 PM  

This comment has been removed by the author.

Blogger Cicatrizatic April 27, 2017 1:56 PM  

"My concern (or better yet prediction): Once usury is taken up as the cause du jour by the Left, the issue will be cast as a Cultural Marxist one, the only solutions that will be considered are the usual Bolshevik nostrums."

The establishment Left, being funded by Wall Street, is incapable of opposing usury. But the Bernie types may take up the cause. You are correct that their proposed solutions will be socialistic.

The only real solution is a national economy that rewards productivity, labor, and equity capital, and not usury.

Blogger Jose April 27, 2017 1:59 PM  

Since the Supreme Dark Lord lives in La Bella Italia (in a lair underneath Mount Vesuvius, one assumes), he would know what elite-controlled economies can do:

https://blogs.wsj.com/economics/2016/05/19/the-wealthy-in-florence-today-are-the-same-families-as-600-years-ago/

https://qz.com/694340/the-richest-families-in-florence-in-1427-are-still-the-richest-families-in-florence/

And one with the data:

http://voxeu.org/article/what-s-your-surname-intergenerational-mobility-over-six-centuries

The first priority of the powerful is to protect and increase their power.

Blogger Cail Corishev April 27, 2017 2:00 PM  

Student in Blue, fair enough. I thought I must be misunderstanding you somehow, since I think of you as one of the good ones.

Blogger Jack Ward April 27, 2017 2:05 PM  

@32 Cail: Agreed. I was at John Deere getting an oil filter today and read the 3 paragraph wall hanging talking about the founder. Born 1804 in Vermont [that bastion of Yankee hard work and innovation]had some serious reverses, headed west to Ill. on a shoestring and invented the first modern plow. A self made man and inventor. Everyone now knows of John Deere; probably the benchmark in lawn equipment and light and not so light dirt manipulating devices. Yeah; this was an elite who did make things that were needed and held high standards of honor. I want to find a full bio of him and read it. I don't think you can really legislate morality other than common sense laws to control the worse of it. You can do thinks like enforce existing laws like USC 15 that Karl Denninger rails about endlessly.

Anonymous Tipsy April 27, 2017 2:06 PM  

BBGKB wrote:History in 3 sentences:

Elite looters have a stunningly simple MO that they repeat seemingly non-stop. Destroy a nation and its economy, and then swoop in and collect hard assets on the cheap usually with easy money due to proximity to central bankers. The goal that these connected money men want is a publicly sanctioned private looting.


I lived in the Czech Republic in the 90s and one of the first things that the ex-Commies did when Communism fell was to launch themselves into business and banking. They were the only ones, it seemed, that had the money and connections to do this.

Fast forward a few years and some of those banks defaulted. The Commies didn't suffer: they just moved on to their next swindle.

Blogger James Dixon April 27, 2017 2:06 PM  

> ...always invite friends over for a good BBQ.

That is the best solution, yes.

> ...always go for the organic ones!

I'm not sure there are any organic ones in this case.

Blogger ((( bob kek mando ))) - ( don't trifle with me, son. i'm a professional, certified 4th degree black belt in the ancient Hebrew martial art of Kibitz Maga ) April 27, 2017 2:07 PM  

42. James Dixon April 27, 2017 1:05 PM
One of my pet peeves. In what truly moral society would payday loan shops be allowed? Yet they're one of the more thriving businesses in many areas. I can remember where the maximum legal interest rate was 18%.



last fall i was driving through South Dakota ( the warm, sunny Dakota ) and heard on the radio that a local race track was shutting down ... along with many other businesses.

it seems that the parent company was a holding corp for a man who's primary business was payday loan shops that were set up all over SD.

and SD had just passed a usury law, lowering the maximum interest charge to ~20%.

the reduction in profits was 'forcing' ( as likely, the owner was just trying to apply pressure to the legislature ) the holding company to drastically curtail operations in other areas.

there are things that can be learned from this ...



44. James Dixon April 27, 2017 1:10 PM
Do you really believe the the folks arguing that everyone should have a college education have the students' welfare in mind?



colleges are one kind of Hammer ...



56. Grayman April 27, 2017 1:30 PM
Compound interest is what keeps all three alive.



that's idiotic bullshit.

nobody eats compound interest. nobody lives in compound interest. nobody wears compound interest. nobody drinks compound interest.

all of those CONCRETE PRODUCTS are produced ( in sufficient quantities, mind you ) whether you're waving around trillion dollar denomination Zimbabwe bills or using Weimar Marks or USD ... which the Federal Reserve has to figure out how many zeros they want to add to the right hand side of M3 today.


quantity of money in circulation has NOTHING to do with the amount of Wealth which that society is generating. quantity of money merely defines how thinly sliced each fraction of Wealth is.

and yes, it is possible for an entire society to go into a declining Wealth phase. look at Venezuela or Zimbabwe or South Africa, all of whom are MARKEDLY less Wealthy than they were 20 years ago.

i'm leaning towards defining Wealth as "Useful, Excess Production".

although there's a good chance that Vox will be along anon to tell me why that's dumb.

Anonymous kfg April 27, 2017 2:09 PM  

"I don't think we're talking about the same elites . . ."

I believe the word being looked for is being overlooked because it has fallen out of usage in a republican social setting:

Aristocrat.

Blogger Cail Corishev April 27, 2017 2:11 PM  

Like Lucy with the football, here are us Americans again, falling for the same old tricks.

Buck up, little camper.

Blogger ((( bob kek mando ))) - ( don't trifle with me, son. i'm a professional, certified 4th degree black belt in the ancient Hebrew martial art of Kibitz Maga ) April 27, 2017 2:17 PM  

The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.

Vladimir Lenin

Blogger Lucas April 27, 2017 2:23 PM  

(((Usury))) you say?

Blogger Jack Ward April 27, 2017 2:30 PM  

Not to beat it to death but the plow was called the plow that broke the plains. His innovation was to use polished steel and an improved shedding part. The cast iron plows before had significant problems with the hard soil on the plains and the clay. It was an immediate hit and by about 1855 his company was making and selling some 10K a year.


Blogger Dirk Manly April 27, 2017 2:32 PM  

@32

Bill Gates did nothing Good.

The man's entire career has been one of stealing software and then reselling it as his own.

The only honest job I can find in his history when he used to occasionally wash a neighbor's car on warm Saturday mornings.

Blogger RobertT April 27, 2017 2:37 PM  

Talk is cheap. Self delusion is dangerous.

Blogger James Dixon April 27, 2017 2:41 PM  

> (((Usury))) you say?

Surely not. Next thing you'll be telling me they have outsized influence in finance, banking, entertainment, news, politics, and law too.

Blogger James Dixon April 27, 2017 2:53 PM  

> i'm leaning towards defining Wealth as "Useful, Excess Production".

In the aggregate, I think that might be an accurate definition.

Blogger Mr.MantraMan April 27, 2017 2:53 PM  

Speaking of economy Roosh has an article about porn and the disposable dimwitted girls and their equally dimwitted family and friends.

Literally this country is being looted and yes it was (((them))) who run the porn studios.

Blogger OGRE April 27, 2017 3:00 PM  

re: usury

Almost every state in the union has a usury statute in effect, capping the maximum rate of interest on a loan, most in the range of 6% to 12%.

However, through a combination of Supreme Court decisions and federal laws, banks chartered as National banks can charge interest in accord with their own state's laws regardless of the borrower's state. Thus every bank is headquartered in Delaware, South Dakota, or Nevada, as in those states banks aren't subject to a maximum lending rate. And thats how banks can charge interest rates to every household in America that far exceed what every historical usury law would have permitted.

In essence, our Supreme Court exempted national banks from usury laws. So while it would be illegal for you to lend money at 10% (depending on your state) its not illegal for Citibank to do so.

Blogger tz April 27, 2017 3:00 PM  

The Elite think it is a meritocracy, but many better people aren't in it. Cronyism and Neoptism. Mika Brezinsky is only there because here father was a ZBig-shot. Chelsea Clinton. It gets worse as it gets more converged, but the other side, as tech companies are noticing, they can't do what is necessary to stay afloat.

The Dinosaur media needs billionaire patrons. The Banksters need bailouts. The politicians are barely able to hold (Sanders should not have been any trouble for Hillary).

The elite will fall because they are elite in position, not in cognition. Even if they are mid-wits they can't do things because they don't have the life experience.

No one heard of Cernovich, McGinnes, Molyneux (except for a few libertarians at LRC), and now they are becoming the elite.

We now have branded elite mediocrity v.s. internet recommended meritocracy.

And the meritocracy is slowly but steadily taking over.

The Cuckservatives show the endgame. At least the left has unthinking feelz true believers. The Cucks taked and then explained how they lost fairly under the rules, but they were "elite". NR and Buckley! (it's bad when I can't think of a second example).

Anonymous Sam thre Man April 27, 2017 3:05 PM  

Are not all the problems folks talking about related to morality?

My read on History is that the WASPS that set up the united States, for good or bad had a very profound sense of right and wrong. No perfect to be sure, but they had a sense of noblesse oblige that is lacking from today's elites. They seem to be all about themselves with no regard for anyone, almost evil one might say.

As far as bright people going into STEM. Myself and my brother did it, and both made fair living at it, him with a PHD in physics and myself with a MSEE. Good pay, paid off houses in nice areas. Solid upper middle class life.

For the most part that path does not exist anymore, the powers that be have essentially made the premium in pay that existed due to math difficulty go away by outsourcing a lot of the work and importing labor to increase the supply of people. If I had to assume the debts that kids do today to get what the jobs pay today, the inducements would be not nearly so complying. STEM school is no fun at all and contrary to what folks believe, the women do not flock to the florescent tanned geeks in college, not until we are in our early 30s, when for some reason we become a lot more handsome.....

Oddly enough there were two exceptions to that in college: JAPs (not from the island) and "sideways cat" (yes oriental)

It is because of this the best mathematical minds are going into non-productive positions, that is where the money, prestige and chicks seem to be. Never underestimate the power of "tang" (instant breakfast drink?)......

Blogger Cail Corishev April 27, 2017 3:13 PM  

Bill Gates did nothing Good.

Sigh. I should have known I couldn't get away with even that tiny compliment to make a larger point.

For the record, I don't think anyone has accused Gates of stealing the BASIC he wrote for the Altair, and writing a BASIC that fits in 4K is a good thing. Other than that, I don't have a good thing to say about the man, his products, or his goal of sterilizing the world. But compared to today's Chelsea Clinton elites, I'd put him in a different class. I guess I rank theft above having wealth just handed to you by people who expect you to be a useful idiot for them.

Blogger tz April 27, 2017 3:14 PM  

@3 To eliminate social stratification, the elites would have to give up their private jets. That won't happen until some stingers we gave to various people in the middle east come across the unwalled border. As to ecological stress, the just in time supply lines to the megalopoli should scare everyone.

@55 Rewind to 1925. You had insurance through your fraternal organization (IOOF, Kiwanas, Knights of Columbus, etc.) and if you needed help in some extremis, you had your family (3+ siblings), or the church, or your friends. Big city neighborhoods were still more like small towns.

Now we have just two alternatives, megacorporations or the state. I doubt one in 1000 "scholarly papers" in the libertarian journals talk about this third axis of society, though it ought to be the most important. Even "GoFundMe" isn't a replacement. Instead of society we have social networks.

Blogger ((( bob kek mando ))) - ( don't trifle with me, son. i'm a professional, certified 4th degree black belt in the ancient Hebrew martial art of Kibitz Maga ) April 27, 2017 3:15 PM  

83. Dirk Manly April 27, 2017 2:32 PM
The man's entire career has been one of stealing software and then reselling it as his own.



not true.

Gates TRIED to refer the IBM exec team to Digital Research for an OS, Gary Kildall *refused* to meet with them because they were corporate suits and he was a commie hippie.

so, in order to sell BASIC to IBM, Microsoft was forced to come up with an OS of their 'own', just so the damn computer would run.

and there's nothing illegal about backwards engineering a process.

DR *could* have been the billion dollar company, if Kildall hadn't pushed the IBM execs off on his underlings because he was too good to meet with them.

also, unless you're going to claim that Altair Basic was stolen from something else, your claim is false on it's face.

in the final analysis, BASIC may not be much, but it is the software that the company was founded on.

Anonymous Michael Maier April 27, 2017 3:27 PM  

I feel as though I should know this already...

So if all USFRNs are actually "debt":

1 - What is owed?
2 - To whom is that what owed?
3 - Who is expected to pay the whats?

Blogger Dirk Manly April 27, 2017 3:35 PM  

@91

"For the record, I don't think anyone has accused Gates of stealing the BASIC he wrote for the Altair, and writing a BASIC that fits in 4K is a good thing."

Then you don't know Bill Gates.

That BASIC was stolen from HP.

He threw out a copy of the source code, and then dumpster-dived it after work.

Demonstration: HP's internal BASIC is the only other BASIC interpreter known to both use ASCII for it's character set and to use CTRL-Z as End-of-File rather than Ctrl-D (EOF), the ASCII symbol for End-of-File.


The entire story is well-known within the computer industry.


Blogger Dirk Manly April 27, 2017 3:40 PM  

@93


"also, unless you're going to claim that Altair Basic was stolen from something else, your claim is false on it's face."

Yes, it was.

It was stolen HP. The story of Gates dumpster diving for the source code of HP's BASIC interpreter is well known.

Now... Consider this --- HOW did Bill know that source-code listings were in a particular dumpster on a particular night, unless he threw them out himself?

This is no different from throwing out any other item of your employer's property, and then coming back later to retrieve it. OUTRIGHT THEFT.

And then he had the gall to berate people for "stealing from him" by passing out disks with "his" BASIC interpreter on it at a computer convention.

The man is a sociopath of the first order.


Blogger Dirk Manly April 27, 2017 3:41 PM  

And let's not forget the outright theft of Stacker's compression software, the backstabbing of Spyglass (unfaithful negotiations), etc., etc.

Blogger Dirk Manly April 27, 2017 3:41 PM  

"in the final analysis, BASIC may not be much, but it is the software that the company was founded on."

And it was stolen from his employer, HP.

Blogger Gaiseric April 27, 2017 3:42 PM  

Cail Corishev wrote:Like Lucy with the football, here are us Americans again, falling for the same old tricks.

Buck up, little camper.

And here I thought that was going to be a clip from Better Off Dead...

Blogger Jew613 April 27, 2017 3:44 PM  

There is a place for finance in an economy, a small place. But its gone from taking loans for major investments to taking out loans for the basic needs of life.

Anonymous basementhomebrewer April 27, 2017 3:45 PM  

Cail Corishev wrote:Bill Gates did nothing Good.

I guess I rank theft above having wealth just handed to you by people who expect you to be a useful idiot for them.


It's hard to rank them but one begets the other. I will say at least Gates had to produce something, even if it was stolen (not arguing either way on that).

People trading on the speculation market are adding producing absolutely nothing. They make grand claims of "balancing markets" etc. but it's nothing that wouldn't happen naturally through the course of actually producing something in the market place. All they really are doing is establishing their own private tax that gets baked into everything we consume.

Due to the above they don't really relate to people who actually produce things. So instead, they idolize and lift up people like Chelsea Clinton who produce even less than themselves but who have an outside chance of being elected and possibly returning a favor in the future.

Anonymous Tipsy April 27, 2017 3:50 PM  

@95: Speaking of sociopaths, don't forget Steve Jobs.

Blogger ((( bob kek mando ))) - ( don't trifle with me, son. i'm a professional, certified 4th degree black belt in the ancient Hebrew martial art of Kibitz Maga ) April 27, 2017 3:59 PM  

94. Michael Maier April 27, 2017 3:27 PM
1 - What is owed?



it's all denominated in Federal Reserve Notes.

as every paper USD printed states, "This note is legal tender for all debts, public and private".

the problem arises when foreign nationals start refusing USD.



94. Michael Maier April 27, 2017 3:27 PM
2 - To whom is that what owed?


to whomever is holding the Treasury Bonds / T-bills.

the Federal Reserve is 'required' to hold Treasuries in approx equal amount to how much cash has been issued.

the Federal Reserve is ... owned ... by the major banking houses. convenient, that.

international holding of T bills is also not insignificant, with approx $5.5 Trillion being held offshore.


94. Michael Maier April 27, 2017 3:27 PM
3 - Who is expected to pay the whats?



my dear boy, didn't you know?

you've sold your children ( posterity ) into debt slavery.

slice $20 Trillion up 300 million ways and every man, woman and child in the US ( including illegals ) owes $68,000 each, just on the Federal debt.

that doesn't count State debt, personal debt, Student Loan debt or business debt.

Anonymous Edjamacator April 27, 2017 4:00 PM  

It's ok, Canada has found the solution. I swear, they never learn. "But this time it's US doing it, so it'll have to work!"

Blogger ((( bob kek mando ))) - ( don't trifle with me, son. i'm a professional, certified 4th degree black belt in the ancient Hebrew martial art of Kibitz Maga ) April 27, 2017 4:09 PM  

96. Dirk Manly April 27, 2017 3:40 PM
It was stolen HP. The story of Gates dumpster diving for the source code of HP's BASIC interpreter is well known.



never seen it before.

do you have a link?

because i'll definitely concede if that's what he did.

Blogger ((( bob kek mando ))) - ( don't trifle with me, son. i'm a professional, certified 4th degree black belt in the ancient Hebrew martial art of Kibitz Maga ) April 27, 2017 4:13 PM  

Battle for Berkeley 4, livestreamed

https://www.youtube.com/watch?v=51415E1OfTg

Blogger Cail Corishev April 27, 2017 4:20 PM  

Gates TRIED to refer the IBM exec team to Digital Research for an OS, Gary Kildall *refused* to meet with them because they were corporate suits and he was a commie hippie.

And there are different versions of that story too, but nothing definitive. We've never really gotten Kildall's version, because he died at 52, before the major lawsuits in the late 90s that got people interested in what Microsoft got from where. Gates's version -- "Gary went flying" -- could mean a lot of things. After enough years, maybe no one remembers an event that didn't seem billion-dollars-important at the time anyway.

In any case, it was a tragedy, because CP/M was way ahead of DOS. We could have had a multitasking OS and a real GUI several years earlier, if we hadn't gotten mired in Windows/DOS mediocrity for so long. Like so many of the brilliant engineers and programmers of that time, Kildall wasn't into the business side. He created something great, made millions, and took it easy and moved on to other interests.

Blogger Bob Loblaw April 27, 2017 4:20 PM  

ZhukovG wrote:@Starbuck: That's people for ya. But a system built on De-centralized Nationalism, somewhat like Switzerland, will at least be more resistant. Though no system is going to be perfect.

The problem is you'll have to convince your neighbors to vote like the Swiss. I've worn all my tooth enamel away listening to plaintive voices from the press asking "why aren't there federal rules for this" and watching the people around me nod eagerly.

Anonymous Jamie April 27, 2017 4:22 PM  

If the you know what ever hits the fan, remember that it was the oligarchs who caused it to happen, not the vibrants who were used as pawns. Know your enemy.

Anonymous kfg April 27, 2017 4:26 PM  

"The Elite think it is a meritocracy . . ."

No they don't. They want people pretending to the elite to think that it's a meritocracy.

Evidence that Bill Gates and his children were refused admission to the elite:

https://pbs.twimg.com/profile_images/576426383989080065/HoFESJ2k.jpeg

Most of the people that the OWS types classify as The Elite are actually the working class of the elite.

Blogger Dangeresque April 27, 2017 4:34 PM  

This comment has been removed by the author.

Blogger Dangeresque April 27, 2017 4:37 PM  

Dirk Manly wrote:

The man's entire career has been one of stealing software and then reselling it as his own.


That's how MS got their start. Since then, they've settled into the classic monopolistic model of buying up all their competitors products, assimilating them to their framework, and reselling them.

Anonymous PAC April 27, 2017 4:43 PM  

"This isn't a failure of capitalism, this is a tripartite failure of usury, fraud, and fundamental morality"

Wrong. First, fraud and morality aren't separate issues from usury.

Second, capitalism *is* state-sponsored usury. Read Pesch.

It's most definitely a failure of capitalism. Or its success, rather.

Anonymous glosoli April 27, 2017 4:46 PM  

The top of the pyramid (top 0.3%) know the current system is due for a reset, so they're ready, in gold.

The usury will continue, after the reset, which wipes out the wealth of most of the West's middle classes, and transfers it to the Indians and the Chinese, which is where the parasites will head next.

It's an (almost) never-ending game they can play.
I say almost, because Jehovah will shut it down eventually, but mankind never will.
So suck it up, and get some physical gold.

Blogger Fenris Wulf April 27, 2017 5:02 PM  

An intelligent criticism of the parasite economy is far more terrifying to the 1% than the idiotic ranting of the Occupy movement, whose sole argument is "inequality bad," and who go running to the very politicians who created the system to fix it. Never has a protest movement been so utterly subservient to the system it's protesting.

Anonymous BBGKB April 27, 2017 5:02 PM  

Talk is cheap. Self delusion is dangerous.

Actions speak louder than blacks in a theatre

OT:Tranny sues catholic hospital for not doing sex change operation
http://www.towleroad.com/2017/04/transgender-man/

Blogger tuberman April 27, 2017 5:08 PM  

Bill Gates is not a nice man, and he never was, you could say he is "spergy" or at least extremely OCD. This defines Gates. Yet the over simplistic ways people on here have talked about him and his major competitors at Apple are SPACE CAKES, having no subtle understanding of the people or the times.

Example: Gates was at the start a-political, and was forced into his converged, Globalist/Leftist stances or he would have lost everything. He did not STEAL MS-
DOS, as he purchased it for $50,000, and the stupid guy bought it from could have received a percent of the profit for MS-DOS for it's existence, but he would have had to take less cash. The money from the percent would have made him hundreds of millions of dollars. There was tons of new development and extensions necessary for MS-DOS to work well on IBMs and compatables. This work was productive, challeging and even somewhat creative.

I would not then or now, personally like Bill Gates or Jobs, as they were megalomaniacs, but it took that to do what they did. Don't tell me how cool Unix or this or that was either, as they would have all had major issues too.

Anonymous Gallstaff April 27, 2017 5:11 PM  

The shabby Alt right has nothing to say about the economy, instead droning on about The Stick Woman. And this is part of what leads it to be seen as a disqualified rump of discontents.

Were they to make a principled argument addressing the obscene disparity in wealth and income they might make up for their dreary corner dwelling position.

Instead, they drone on about skin color, fantasize about secession, and fight to save The Stick Woman.

Pathetic.

Anonymous Grayman April 27, 2017 5:13 PM  

I hope everyone remembered their helmet, eye protection, and MAGA flagpole today!

Blogger ((( bob kek mando ))) - ( don't trifle with me, son. i'm a professional, certified 4th degree black belt in the ancient Hebrew martial art of Kibitz Maga ) April 27, 2017 5:14 PM  

oh noes, a Commie Fag disapproves of me.

Blogger Silly but True April 27, 2017 5:18 PM  

@Bob:
"Battle for Berkeley 4, livestreamed"

If one wouldn't now face serious federal charges, that Tupperware party as it's currently playing out would be ripe for dronekek.


Aerial bombardment with dye would be great start while everyone is packed tight. Especially if accompanied by Wagner.

I suppose if one is already inclined to tape a lug wrench to one's forearm or toss m80s at a living person, then what's some FAA violations though.

So I look to the other side weaponizing first.

Blogger Dirk Manly April 27, 2017 5:19 PM  

"That's how MS got their start. Since then, they've settled into the classic monopolistic model of buying up all their competitors products, assimilating them to their framework, and reselling them."

Purchased with the proceeds from the original thefts. The whole company is built on nothing but theft. As for creating anything -- i've NEVER seen a single idea that was GOOD that has originated inside of Microsoft.

Anonymous Mathias April 27, 2017 5:19 PM  

Yep, the eternal bane of (((planning))): "If the creditor and all of his enforcers are dead, who will collect?"

Blogger Dirk Manly April 27, 2017 5:22 PM  

"Example: Gates was at the start a-political, and was forced into his converged, Globalist/Leftist stances or he would have lost everything. He did not STEAL MS-
DOS, as he purchased it for $50,000, and the stupid guy bought it from could have received a percent of the profit for MS-DOS for it's existence, but he would have had to take less cash."

Primative DR-DOS source code was purchased with the proceeeds of Microsoft BASIC, which was stolen from HP.

Buying something with stolen money is stealing as well.

Blogger tuberman April 27, 2017 5:22 PM  

122. Dirk Manly
Do you own an Apple?

Anonymous Gen. Kong April 27, 2017 5:24 PM  

Jamie wrote:

If the you know what ever hits the fan, remember that it was the oligarchs who caused it to happen, not the vibrants who were used as pawns. Know your enemy.

Stop cucking. The vibrants are the foot-soldiers of the oligarchs. Oligarchs have places to escape to, vibrants are invited in to do the raping/killing/looting of YT that is the wet-dream of the oligarchs and their churchian allies. Vibrants are willing participants in genocide and deserve no mercy or quarter whatsoever. Most will leave on their own when the welfare spigot gets turned off. They need to go home or die. We don't care which.

Blogger Dirk Manly April 27, 2017 5:24 PM  

" There was tons of new development and extensions necessary for MS-DOS to work well on IBMs and compatables. This work was productive, challeging and even somewhat creative."

BS.

CP/M and its cousin DR-DOS runs natively on an 8086 processor without modification.

There were a few OPTIMIZATIONS done here and there, to upgrade from the 8080/8085 register system to the 8086 register system. But that is extremely minor fiddling.

Blogger tuberman April 27, 2017 5:26 PM  

127. Dirk Manly

DO YOU OWN AN APPLE?

Blogger Cail Corishev April 27, 2017 5:30 PM  

Dirk, allow me to add my request to Bob's, for a link to that "Gates stole Altair BASIC from HP" story that everyone in the industry knows about. Being a Commodore and Unix guy, I've read a lot of anti-Gates stuff over the years, but somehow I haven't run across that one. A web search just turns up lots of articles about Gates's open letter to the homebrew clubs accusing them of stealing it, of course. I'm honestly curious.

Other than that, I'll drop it; we're probably getting too off-topic.

Blogger Dirk Manly April 27, 2017 5:31 PM  

@125.

No.

I learned to program on paper teletypes with acoustic modem to dial-up lines to an IBM-370 and Apple ][+ with the Floating Point BASIC (...another copy of HP's basic sold by Microsoft, this time to Apple).

The Apple ][ / Apple ][+ line was good. Jobs backstabbed Wozniak and killed off the Apple ][ and all descendants ( Apple //e, etc), and replaced it with the horrible, closed toaster-like appliance, the MacIntosh.

Apples have always been overpriced. I build my own computers. I'm partial to Linux and AmigaOS.

Neither OS overpriced, and they don't self-destruct, nor do require reformatting and re-installation on a regular basis to maintain system performance.

Blogger tuberman April 27, 2017 5:35 PM  

I'm calling BS, because those were different time and the conditions cannot be fairly judged by today's people. Every one of those people whether CP/M or DR-DOS or anybody would have had to become converged by today's standards to survive at all.

Old computer politics do not matter now!! What matters is getting rid of the NWO...period. These ancient computer politics are meaningless, and Meglo.

Blogger Silly but True April 27, 2017 5:36 PM  

Best use of Apple yet. And better than Babymetal too.

https://youtu.be/dwzjfC2GHto

Blogger ((( bob kek mando ))) - ( don't trifle with me, son. i'm a professional, certified 4th degree black belt in the ancient Hebrew martial art of Kibitz Maga ) April 27, 2017 5:37 PM  

also, using Ctrl-Z isn't proof positive that he's got HP code.

IF he was employed by HP
THEN he was acculturated to the HP way of doing things.

which would include trivialities like which specific labels he chooses to use for a sub-routine.

let's be honest, when you're writing your own software, you can set your Ctrl-? functions any way you want them.

Blogger Dirk Manly April 27, 2017 5:42 PM  

Here's a reference where Gates directly admits to the software theft, but conveniently forgets to tell that the stolen software is what the company was founded on.


Interview with Bill Gates

http://americanhistory.si.edu/comphist/gates.htm

"We were moving ahead very rapidly: BASIC, FORTRAN, LISP, PDP-10 machine language, digging out the operating system listings from the trash and studying those. "

Strange how all of these complete listings of BASIC, LISP and FORTRAN would be in their employer's trash for him and Allen to be "digging out the operating system listings from the trash and studying."

Blogger tuberman April 27, 2017 5:43 PM  

129. Cail Corishev

"Other than that, I'll drop it; we're probably getting too off-topic."

That's my point, as it is WAY off topic, and has to do with a bunch of 1980's computer politics, that has nothing to do with today's Globalist/NWO issues directly. Those people that want to argue the 1980's should build their own site to argue it, as it means NOTHING TODAY.

Blogger Fenris Wulf April 27, 2017 5:49 PM  

Gallstaff wrote:Were they to make a principled argument addressing the obscene disparity in wealth and income they might make up for their dreary corner dwelling position.And three posts later, one of them uses the exact argument I was talking about.

bla bla bla inequality
bla bla bla oppression
bla bla bla white privilege

Blogger Dirk Manly April 27, 2017 5:49 PM  

This comment has been removed by the author.

Blogger Dirk Manly April 27, 2017 5:50 PM  

"let's be honest, when you're writing your own software, you can set your Ctrl-? functions any way you want them."

Yes, and THE ENTIRE rest of the ASCII-using world uses EOF (CTRL-D) for End Of File, not SUB (CTRL-Z).

Microsoft BASIC uses other control characters with the standard ASCII assignment.

How is it that Gates could look up the rest of the ASCII values when implementing Microsoft BASIC -- FOR SALE AND USE OUTSIDE OF the Hewlett-Packard community -- and thus to people who don't give a rip about what non-standard code HP used as End-of-File.

As a longtime programmer and computer engineer, I can only guess that he couldn't understand the logic of the software, but was proficient enough to translate from PDP-10 assembly to 6502 and 8080 assembly.... and so he didn't dare change any tests or conditions to bring what he was copying into standard.

This is no different from me digging up a copy of War and Peace in the original Russian from a publisher's trash can, translating it into English, and then claiming to be the author of the story.

Blogger Tom Kratman April 27, 2017 6:04 PM  

Something they miss; we can exterminate them and be better off for it. If they got rid of us they'd die, too.

https://www.youtube.com/watch?v=xHVo0hJhnK4

Blogger Dirk Manly April 27, 2017 6:15 PM  

@139.

Absolutely.

Fewer people with the same amount of stuff, and still able to support our society.

Anonymous Jamie April 27, 2017 6:16 PM  

Gen. Kong- I wasn't cucking. My point is just that those in power must be dealt with before we deal with the third worlders. I want all of them gone too.

Blogger Silly but True April 27, 2017 6:17 PM  

Livestream highlights:
The families in Berkeley park who slapped helmets on their kids and were playing at the playground.

Other than that it's the Star Wars cantina.

An American Indian tranny just complained that it has been oppressed for the last 800 years.

Blogger Percival Doctrine April 27, 2017 6:27 PM  

Fractional reserve banking must be abolished

Blogger Snidely Whiplash April 27, 2017 6:29 PM  

It's been oppressed for 6 million years.

It's alright guys. The Indians have taken over Microsoft. The Gays have taken over Apple. The Wymmyns have taken over IBM and HP (although HP seems to be recovering, finally).
Tech has been converged in the US, and so US tech is collapsing. What they did in the 80's is history. Who they are now is failure.
Teh Japanese have been listening to the Jews, so their economy is permanently in recession. China is building to the mother of all economic busts.

The economic world is poised of the edge of the abyss.

But the fact that Gates, who's been retired for what, a couple of decades now, was slightly less honest than others in the business is critically important.

In the meantime, while you argue about who stole what from whom, remember to invest in ammo manufacturers and 2-row barley futures.

Blogger Dirk Manly April 27, 2017 6:46 PM  

I don't invest in ammo manufacturers. I invest in ammo.

Blogger Sagramore April 27, 2017 6:50 PM  

@28 Which is why police, lawyers and drug czars are the last people you should listen to when setting up an entirely new commodity market that their paycheques depend on. (In Canada it seems that they are going to concern troll "impaired" driving to give the establishment some work now that the prohibition on pot is going away.)

Anonymous LurkingPuppy April 27, 2017 7:16 PM  

krbu wrote:She must have felt hated. As she bragged about her exploits and adventures, she kept looking around, seeing who was looking at her, not in a sexual prowling sense, but in a "need-to-have-spacial-awareness" mentality.
That's one of the traits Vox has mentioned as a way to recognize sociopaths.

Überdeplorable Psychedelic Cat Grass wrote:No, we don't favor single payer system.
Unless that's the only remotely tolerable option their poll gave. Not that the ruling party would give us any less bad choice either.

No, we don't prefer bigger government.
There the article said “polls show a growing share of the public prefers bigger government”, i.e. the government is importing populations which prefer that the natives fund bigger government for them. They weren't talking about Republicans, or even Americans.

But the most pernicious lie in that paragraph was (emphasis added): “They see a president proposing to drastically cut corporate and individual taxes (including the elimination of inheritance taxes, which will benefit only the richest of the rich) when polls show that the top frustration with the tax system is that corporations and the wealthy don't pay their fair share.” The richest of the rich have their assets on paper and would be barely inconvenienced by an inheritance tax, and can afford to spend money to avoid the tax anyway. The inheritance tax only affects people whose livelihoods require significant physical capital assets, like farming and manufacturing.

When (((certain people))) tell us that it's not fair to repeal a tax intended to transfer property from the productive class to (((usurers))), it does not surprise me. It angers me.

James Dixon wrote:Yes, but the fat content is way too high.
Make soap.

Anonymous Marvin Boggs April 27, 2017 8:01 PM  

It's an interesting time, considering the convergence (sorry about that word, wouldn't want to trigger anyone 8^) of software development and 3D printing. We are entering an era when savvy, inventive persons can produce a wide range of interesting products without the need for vast sums of start-up cash. This frees them from the "elite" and undermines the grip of the elite on the economy.

Should be fun to watch (or participate).

Anonymous Marvin Boggs April 27, 2017 8:07 PM  

@42: before you eliminate payday loan stores, please do consider how you will replace the service (yes, they do provide services) they provide. Some folks have no other option for cashing their paychecks. Some folks do find themselves short for a few days and have no other (legal) means of tiding things over until payday.

Please note that I'm not defending their rates or suggesting that they are the ideal option. But, for some people, they are apparently the only option. In an ideal world, they'd go belly-up very quickly. Last time I looked, this is not an ideal world.

Anonymous Mathias April 27, 2017 8:38 PM  

@149,

Most grocery stores cash checks. Furthermore, payday loans just mean they are going belly-up slowly. Generally, starving out for a few days is less deleterious than taking the loan if your time-preference is more than two weeks long. Payday loan places are really just all about maximally exploiting the extremely short time-preference of certain non-white races, and those Whites on the bottom end of the bell curve. They are set up specifically to trap a person in a situation where all their excess income goes towards servicing the next payment. Since they threaten and rob unintelligent Whites, this makes them a menace towards their more intelligent family members. Make no mistake, those rates are set with the idea of forcing people to pump their relatives for money. This alone is enough justification to banish them from White Society, at the very least.

Blogger VD April 27, 2017 8:47 PM  

The shabby Alt right has nothing to say about the economy, instead droning on about The Stick Woman. And this is part of what leads it to be seen as a disqualified rump of discontents.

Nothing to say? Other than predicting the 2008 crisis and publishing two books about economics, nothing at all....

Blogger Jose April 27, 2017 9:01 PM  

Tom Kratman wrote:Something they miss; we can exterminate them and be better off for it. If they got rid of us they'd die, too.


I'm a bit confused as to who's the "them." The financial system? Say it ain't so.

There's an old joke in finance about getting rid of the financial system; it goes like this: "The Union of Socialist Soviet Republics." (That's it.) The financial system is the circulatory system for investment in capitalism; remove that and investment either goes back to pre-Renaissance levels or becomes a matter of pull and access to central planners.

Blogger Cail Corishev April 27, 2017 9:10 PM  

They are set up specifically to trap a person in a situation where all their excess income goes towards servicing the next payment.

Yep, been there. The image in the commercials, of the nice suburban-looking family that just had some unexpected expenses from a skiing accident and gets some cash from the payday-loan place this week and pays it all back next week, no muss no fuss, is a fiction. People like that can go to an ordinary bank and get a 30- or 90-day loan at a standard rate. Or they have some room on a credit card or something that they can use for emergencies. The only people who use payday loans are the ones who don't have any other options -- and they usually don't have other options because they're a terrible risk to pay it back. If you're late on your utility bills every month, and then one month it gets late enough that you're facing disconnection, so you get a payday loan to cover them, now next month you still have to pay your bills plus service the loan. What are the odds you'll suddenly be able to do that, when you couldn't keep up with the bills alone before? They tell themselves something will be different next month -- a new job, more hours, ship finally comes in, whatever -- and usually end up begging, borrowing, or losing their collateral.

A friend of mine from college, back when it took a few days for checks to get back to your bank, would float himself a few bucks before every payday. He'd go to a grocery store about a week before payday and cash a check for $20 (the max then). A couple days later, before that check got to his bank, he'd cash a second check for $20, and deposit it to cover the first check. He might have to do this 2-3 times, but it got him $20 a week or so ahead of payday -- and he was convinced he needed to do it. If he could have saved $20 one week or sold some albums or something, he could have been ahead and never needed to do that again. But it wasn't really about need; he just couldn't stick keep a budget. Nowadays, when checks get to the bank overnight, maybe he'd get payday loans instead.

They're not good for the borrowers, or the community, or anyone except the lenders. They're shabbier, small-time versions of the big banksters.

Blogger Dirk Manly April 27, 2017 9:19 PM  

Payday loan places are RUN by the big banksters.

Also, Payday Loan places are absolutely OFF LIMITS to all active duty military personnel. As in, if it's found out that you used one, rather than going to your chain of command to get you through your personal crisis(*), your commander is going to take away freedom and/or rank and/or money.

Most NCOs and company grade officers are willing to float a troop a few dollars till the next payday or two, in a genuine crisis situation, without interest.

Blogger Jose April 27, 2017 9:24 PM  


((( bob kek mando ))) - ( don't trifle with me, son. i'm a professional, certified 4th degree black belt in the ancient Hebrew martial art of Kibitz Maga ) wrote:
slice $20 Trillion up 300 million ways and every man, woman and child in the US ( including illegals ) owes $68,000 each, just on the Federal debt.

that doesn't count State debt, personal debt, Student Loan debt or business debt.


Would that it were so low. You forgot the really big numbers: unfinded liabilities.

Have a gander: http://www.usdebtclock.org

Current total: 129 Trillion. That's with a tee.
Current population: 325 Million.

Each person "owes" $397,047 (at 18:22:26 PST April 27, 2017).

But since only about half are taxpayers, feel free to double that number.

BTW, that's just the government side, no credit card, business, mortgages, student loans, etc. Also missing any local and state pension liabilities that are hidden in state accounts.

Anonymous Grayman April 27, 2017 9:44 PM  

@Marvin

before you eliminate payday loan stores, please do consider how you will replace the service (yes, they do provide services) they provide. Some folks have no other option for cashing their paychecks. Some folks do find themselves short for a few days and have no other (legal) means of tiding things over until payday

Family, friends, neighbors, church....

When you have an intact local community with whom you have built trust, there are normally multiple options.

I guess as a "global citizen" you are S.O.L.

Blogger James Dixon April 27, 2017 9:46 PM  

> before you eliminate payday loan stores

It's their rates I object to, not their existence. But check cashing places are a lot cheaper than they are.

> Make soap.

Now see, that's why I read here. All the useful advice. :)

> The financial system is the circulatory system for investment in capitalism;

More like vampires in our case. Your description is how things are supposed to work, not how they actually do.

Anonymous Grayman April 27, 2017 9:48 PM  

So Antifa got thoroughly embarrassed today and shown to be impotent on "home" turf. If they cannot rally a decisive victory of some sort quickly, the alt-rights momentum could rapidly begin to steamroll....

Anonymous Grayman April 27, 2017 9:54 PM  

A lard based soap has a fantastic lather to it and easy to make, you can do it while you make dinner.
Might I suggest 7% to 10% superfatting for lard based soaps, keeps them from drying the skin out.

Blogger Cail Corishev April 27, 2017 10:02 PM  

So Antifa got thoroughly embarrassed today and shown to be impotent on "home" turf.

Gee, just hours ago the defeatists were declaring a huge defeat over Coulter's withdrawal, and saying Antifa would be pumped and coming harder than ever because of it. Hmm.

Blogger Snidely Whiplash April 27, 2017 10:20 PM  

Jose wrote:The financial system is the circulatory system for investment in capitalism; remove that and investment either goes back to pre-Renaissance levels or becomes a matter of pull and access to central planners.There's capitalism and there's Capitalism. and while the current financial system is indeed required to sustain Capitalism, it is not needed for capitalism.
By Captialism, I mean our current effectively zero-reserve fiat money crony system that acts as a huge parasite on productive activity. The one where rules are only for the middle-class and the smartest and richest compete to see who can defraud the system fastest, with no thought for the future or for the nation.

There are other options than USSR.
How about a regular capitalism, meaning saving up captial and using it to generate wealth. Things like only fully collateralized loans, held by the lender, at a reasonable rate of return and 100% reserves. No lending money you don't have, even if you're a (((Bankster))). Parasitic speculation taxed at 50%. A 1% tax on commodity futures contract transactions.

There's a lot of room between the Supreme People's Soviet and the Federal Reserve.
And of course (((Banksters))) say they're absolutely essential to the prosperity and health of the people. Exactly as the (((Bolsheviks))) did. Still, you could take every one of them, confiscate the entirety of their wealth, pay the national debt for a day, and the economy would be no worse off.

Blogger Tom Kratman April 27, 2017 10:34 PM  

No, Jose, the corrupt bastards running it need to go.

Blogger Jose April 27, 2017 10:48 PM  

Snidely Whiplash wrote:How about a regular capitalism, meaning saving up captial and using it to generate wealth. Things like only fully collateralized loans, held by the lender, at a reasonable rate of return and 100% reserves. No lending money you don't have, even if you're a (((Bankster))). Parasitic speculation taxed at 50%. A 1% tax on commodity futures contract transactions.



"Medicine is really easy, you just ask some questions and write stuff on a prescription pad." --people who didn't go to medical school for good reason.

How do two kids in a dorm room with an idea and 30,000 lines of Python fully collateralize a loan to buy AWS time for their startup?

Who decides what's a "reasonable" rate of return? Last time I was in Canada a bank charged me infinite interest on a loan, in that they charged me CND 3.00 to loan me CND 200.00 for a period of zero seconds. (The money was confirmed from BofA to the canadian bank before the ATM spit out the colorful bills.)

What makes banks different from moneylenders is precisely fractional reserve and investing the money of the depositors as opposed to the assets of the moneylender. That's what "going back to pre-Renaissance levels of investment" means.

What's "parasitic speculation"? If I need to buy samarium from China for my nuclear power plants can I hedge currency fluctuations with derivatives or is that speculation if I get too lucky? If I take 10 bets on ten startups, lose money on 9 and make a 200-fold return on Facebook, is that return "parasitic speculation"?

Why single out commodity futures to get a 1% tax? How about options? How about credit default swaps? How about synthetic second-order securities that require a PhD in math plus a PhD in finance to understand?

Life lesson: all problems have an obvious solution that is simple, clear, and wrong.

The financial system isn't perfect; nothing in life is.

Blogger Jose April 27, 2017 10:51 PM  

Tom Kratman wrote:No, Jose, the corrupt bastards running it need to go.

I don't like them either, but it's a clear case of cutting off one's nose to spite one's face.

Anonymous Looking Glass April 27, 2017 10:52 PM  

Always remember that everyone loves a Free Lunch. We're human and it's always a trap.

As for the current system, what they've done is create a feedback loop of their own money to buy influence. The Finance Class has power they've never achieved before because they can trade paper for real influence. (It's also why the Chinese have been buying up property like mad; they're getting out of Yuan before that implodes.)

The gory details are that they can bring in & remove money at will. You either have a hard currency or you don't. None of the modern economies do anymore. (The issue here stretches back a long ways.) But as long as US military members accept USD for pay, the system will survive. Thrive? No. But money is a means of exchange, so Confidence is important.

You also see lots of problems because things that serve a use, like Futures Contracts, have been greatly expanded to a level that doesn't make sense. (Futures have been around in one form or another for a couple of thousand years. Formalized goes back to the 1600s & 1800s.) The purpose currently is like the stock market: most of the excess liquidity goes into Financial Products. As long as it goes there, it keeps Real Economy inflation "manageable". It does real damage, but no one can quite point out to why.

This is really why one should carry no real debt. See Dave Ramsey if you need help with that. Don't play the finance game with any core assets. Also, keep some Silver Dollars at your home. Not a full run of "invest it all in Silver!", but because silver coins will always be very easy to trade with. Our current system isn't going into Hyperinflation (that's a political decision) and the ones most injured would actually be the Finance Class in that situation. (They don't have a lot of hard assets.) But if things break down for a bit, Silver is always the easiest to trade in a Power Out situation. Gold stores more value, but you don't often in $1000 to buy food.

Anonymous Looking Glass April 27, 2017 10:54 PM  

5% has been the average return on government debt for most of the last 500 years in the West. Everything keys off that.

None of the financial wizards of the current Age add anything useful to the Real Economy. This is mostly why they act the way they do. They have to rationalize their worthlessness.

Anonymous Gallstaff April 27, 2017 11:01 PM  

"The shabby Alt right has nothing to say about the economy, instead droning on about The Stick Woman. And this is part of what leads it to be seen as a disqualified rump of discontents.

Nothing to say? Other than predicting the 2008 crisis and publishing two books about economics, nothing at all...."

And good on you. However, if you look at the "substance" of the alt right's critique of society, it's always the same: "Those Damn Darkies, Brownies, etc". Yes, there is the occasional wailing about cucks and Stick Women, but the movement, such as it is, has completely failed to make a contribution to economic debate. And yelping about immigrants isn't an economic analysis.

It's as though the Alt Right is agreeable sitting on the sidelines and harping.

Pathetic.

Anonymous Bob April 28, 2017 12:30 AM  

Lighthearted aside...
There are a lot of SF fans here, I'd like to pose a question with no wrong answer; in those story-scenarios with a trans-global ruling entity, where a central power controls whole solar systems, did it start this way with the alt-right? A pre-galactic movement that carried the species over the top, marking a milestone from the Creator?

Anonymous a deplorable rubberducky April 28, 2017 12:48 AM  

I go about in my little neck of the woods in Virginia, and conclude that the economic numbers are lies. Supposedly Virginia is manufacturing more than ever before, and also producing more agricultural output than ever before. But where? You just don't see it.

You used to see it. My hometown had multiple, large textile mills, furniture and chemical plants, as did many towns in the region. All of it's gone. Every bit of it, and with all that the machine tooling and engineering shops and industrial support and supply.

And when I was a kid you could pick any country road and head down it and before very long at all you would driving through a tobacco patch. Last year Virginia was said to have produced the largest tobacco crop ever. But where is it? You run up on a tobacco patch these days and a wave of nostalgia overcomes you, because you just don't see anybody raising tobacco anymore. All you see is idled and falling down curing barns, everywhere, left and right on all sides.

And then there's the ruin. My hometown's been in an economic depression since about 1996. Not recession, all out depression. It is far worse and nearly twice as long as the Great Depression. Every little town in the region has got these formerly very nice neighborhoods that are now, shall we say, not so much at all. Today I had to go up to Baltimore for some business. Baltimore!!! What a catastrophe. It's not as bad Detroit on the whole, but in places and in large swaths it surely is. It's yet another city of ruins, a major American city -- RUINS.

And then, on the way back from Baltimore you start coming up on the Washington, DC area. There are million dollar houses everywhere, more going up every day. They actually have a real estate shortage on them right now. Sellers' market. Even in Prince Georges County, MD I drove by several new developments fresh on the market "Starting in the low 800s!!" the billboards would say. That's Prince Georges County, that's the absolute armpit of the Metropolitan DC surrounding counties. And no group more ANTI-productive than the DC crowd exists in America. They sure pay themselves handsomely, hardly doing anything all day, but when they do get around to implementing something disaster is a guarantee.

You know how people in Blue States but notably California like to trot out how they pay more in taxes to Washington than the get back? They do so to imply not only that the Blue State Model is more economically sound but also to imply that they are the productive ones who carry the Red States. Well, know that the people who top this list of Those Who Pay DC More Than DC Pays Back are --- the people in DC. That's a tell right there that the statistics are weaponized lies. Defenders will come and say, "Ah, but DC's a special case and you have to factor ...", and so on. But the reality is exposed: NO correlation exists between taxation and productivity, not today.

It gets worse, for we know that the federal government's published statistics are politicized. Obama was counting people turned back at the border as deportations. He needed better unemployment numbers so they just threw people into the category of having given up on employment.

All government statistics are lies anymore. That's what I'm going on. Every single one. Productivity, taxation, GDP, you name it. All a pack of lies.

Reality intervenes. They have been gutting all of the productive elements of my state (and WHY? WHY?), and you can't hardly find them anymore, and people are increasingly living in ruins. Except for the parasite class, who are in million dollar+ homes with yards manicured by the cousins of the Central Americans working in the restaurants they eat out at EVERY NIGHT.

The statistics say my state has never been stronger, but it has never been sicker.

Anonymous CoolHand April 28, 2017 1:00 AM  

Jose wrote:
Blah blah blah blah, a little this a little that, yadda yadda yadda, you got yerself an economy.

...

Life lesson: all problems have an obvious solution that is simple, clear, and wrong.

The financial system isn't perfect; nothing in life is.


As the venerable Joe Pesci would say, "Everything that guy just said is bullshit."

The world functioned quite well, thank you, for five hundred years before the synthetic CDO and hundreds of other complex swindles were dreamed up by the thieves' tame Autists (called "Quants", I believe).

The basic function of these complex "financial products" is two fold:

1) To make the transaction so complex that nobody can tell when they are getting robbed or swindled (which they are, all the time), and instead just have to take the banks' word for it when their money evaporates (or, you know, gets put into the partners' pockets).

2) To act as a firewall or briar patch too complex for regulators or really anyone to untangle and ascertain wrongdoing on anyone's part. Can't very well take folks to court and charge them with a crime if you can't even figure out what actually happened to the money in the first place. How would you even know if a crime occurred? Exactly.

The economy would function just fine without all that financial fantasy bullshit (and DOES, actually, since wall street long ago stopped actually capitalizing most businesses to facilitate actual business).

Businesses need LOCAL access to capital, something that wall street and the very large banks have not done in a very long time.

As for your Chinese rare earths, you could buy those from Americans and skip all the financial hedging if the gov't didn't make it essentially impossible to mine and refine rare earth minerals in the US (we have them here, we just can't dig them up or do anything with them).

Maybe it's time to get back to basics.

I own/operate a machine shop. You know how I bought my tools? I worked at a job I hated and worked at night and on weekends and collected it a piece at a time until I had what I needed to go out on my own.

Those software geniuses might have to do the same thing to bring their baby to market. Sometimes, you have to actually WORK to achieve what you want, even if you have a wonderful idea that nobody has had before.

Didja ever stop and think for a bit that perhaps what's wrong with this world is exactly the fact that two college kids with an idea can get millions of dollars in venture capital just for having the idea?

You wonder why people don't value work anymore? That'd be why.

I mean, why work your ass off and save and bootstrap your way up when you can just sit around your dorm room until you have a good idea and then great flowing piles of money will fall out of the sky upon you.

Instead of having an entire class of people who live parasitically off the work other people do, maybe those kids could work nights and weekends flipping burgers or digging ditches to save some money to stake their dream with. Would that be so bad?

Of course, that's a TERRIBLE thing if YOU happen to be one of those parasites that we'd be getting rid of.

Not for most of us, mind you, 'cause the dog never really worries about the ticks, but I'm sure this sort of thing weighs pretty heavily on those few ticks self aware enough to realize what they are.

Blogger JP April 28, 2017 1:10 AM  

If only the MN variety would figure that out and pay for their own damned stadiums​.

Anonymous a deplorable rubberducky April 28, 2017 1:38 AM  

CoolHand wrote:Didja ever stop and think for a bit that perhaps what's wrong with this world is exactly the fact that two college kids with an idea can get millions of dollars in venture capital just for having the idea?

Money never comes falling down into your lap unless you know somebody. Same as ever, I guess. People were arguing about Gates/Jobs, etc? The biggest ripoff artists of our time are much worse.

For example, Travis Kalanick of Uber fame ripped off a company called Sidecar (now defunct). They are the ones who pioneered the whole rideshare app model and to this day had a far, far superior app and also business approach than Uber. But Uber swung $40 billion in capital, they got backed, they had friends. And they crushed everybody but Lyft (but they are still working on it).

Uber's like Amazon, too, in that the normal rules governing a business get suspended. Uber has never even come close to turning a profit, and won't turn one any time soon. Uber has been losing billions every year, with no idea when they will ever turn a profit. But they have friends and backing - the normal rules others have to play by are suspended.

For example, did you realize Uber surpassed the valuation of Hertz Rent-A-Car a few YEARS ago? Hertz actually has assets. It owns the cars it rents out. Uber hasn't got anything like that. All the Uber drivers own their cars - and assume a lot of risk. The ONLY thing Uber has is a smartphone app. That's is a miniscule capital investment compared to a fleet of tangible assets owned (and risked) by Hertz.

This is the same model that Amazon trailblazed. Amazon lost money YoY for a crazy long time. Even now they aren't that profitable of a company. If they didn't have their cloud computing arm and had to stick with their original business model they might not be profitable even now.

But you're right piles of money keep flowing to these people. Piles. If you are running a standard industrial business and trying to attract investment you've got to be getting a profit margin of around 12% per year or so, I'm told.

You never have to worry about that if you are in good graces and know somebody in Silicon Valley. Normal rules suspended, you'll be carried and hyped and maybe cashed out in an IPO if it's bad.

Laws for mere mortals don't apply.

Blogger Scott Birch April 28, 2017 1:42 AM  

That only suggests that interns deserve courtesy and fair treatment too.

Blogger Annie DiPiombo April 28, 2017 1:43 AM  

"Their parasite economy of finance-based ownership of real world property and produce rests entirely upon the false claims it generates upon the real economy."

Strange days. We union tradesmen were saying this 30 years ago and got called Commies and Reds for our pains. You're a day late and a dollar short with this Michael Hudson kind of outlook, VD, but welcome aboard.

Blogger Snidely Whiplash April 28, 2017 1:49 AM  

Jose wrote:What makes banks different from moneylenders is precisely fractional reserve and investing the money of the depositors as opposed to the assets of the moneylender.
Which means they can create money out of nothing, diluting the money supply and essentially stealing it from savers by means of inflation.
Every single time money is created this way, it amounts to theft from the entire populace. But, since no on can trace the inflation directly, it can't be litigated.
Fully collateralized loans doe not mean no depository institutions. i means what Denninger calls "One Dollar" banking. Any bank, any depository institution, is allowed to lend on a property up to the amount it could sell the note for.
Period.
You want to lend your own money on other terms? Fine. But you don't get to lend out the same dollar 20 times because you're a bank, which is to say, because you're connected.
A fully collateralized bank can not lose its depositor's money, except in the case of an economic dislocation on the scale of a meteor strike. It also can't create money out of thin air, by virtue of picking the pockets of the entire country.
And your two college kids with 20K lines of Python aren't borrowing money from a bank. They are either getting investors, or funding it themselves, which, given how cheap AWS actually is, should be a relatively easy effort.
Jose wrote:What's "parasitic speculation"? If I need to buy samarium from China for my nuclear power plants can I hedge currency fluctuations with derivatives or is that speculation if I get too lucky? If I take 10 bets on ten startups, lose money on 9 and make a 200-fold return on Facebook, is that return "parasitic speculation"?


Short answer, yes.

Anonymous Brick Hardslab April 28, 2017 1:52 AM  

Jose, you used the example of BoA. They are an excellent example of predators. Sorry super predators. They colluded with a bank in my state to defraud the entire state out of billions.

The vampires are always vampires even if they can sometimes seem human. Rent takers are nothing but parasites. Parasites need to be dealt with.

Blogger Shimshon April 28, 2017 2:32 AM  

Regarding this "Gates stole HP BASIC" stuff, I've never heard it before and it makes no sense. Did HP have a Z-80 (or 8080, or 6502 for that matter) BASIC? Seriously? Their HP-85 used a CUSTOM CPU. BASICs were not programmed in C back then. Dirk, you sound like you have an axe to grind. The combined talents of Gates and Allen were more than capable of developing an 8080 BASIC using the pilfered computer time they used. The facts are unsavory enough. No need to make stuff up.

Blogger Shimshon April 28, 2017 2:36 AM  

Further, my understanding is that the original Apple BASIC, and other unrelated versions (Atari), resembled HP BASIC, because of the authors' familiarity with it.

MS BASIC not only didn't work like HP BASIC, in actual design it resembled DEC BASIC, because they developed their version on a DEC system.

Anonymous Jack Amok April 28, 2017 2:36 AM  


because i'll definitely concede if that's what he did.


Don't worry Bob, you won't have to concede. Manley is full of it - he's claiming Gates worked for HP at some point, but he never did.

Don't know who the Dirkster is thinking about, maybe he's trying to get a job at CNN?

For the record, I probably know Bill Gates better than most on this board, though even so that isn't really all that much. He's a lot of things, many of them not very nice, especially since his retirement. There's dispute about QDOS and whether he pulled a fast one on Seattle Computer Products to license it, but the vast bulk of "Bill Gates stole and cheated everything" stories are envy-riddled BS, including Dirk's here.

It's odd though. When he ran MSFT, the one thing he could do better than anyone else I've ever met was tell when someone was BSing him. If you didn't have your ducks in a row and tried to slip-slide your way through a review, he would nail you.

He appears to have completely lost that ability since retirement based on what he claims to believe. Or else he's fully in on the scam...

Anonymous Colorado Confederate April 28, 2017 2:55 AM  

Apart from a "Takkarist" and an "Adoree'", the names seem pretty tame. When I was a kid, it was all Joe, Eugene, Dexter, and such. "Everson" was about as wild as things got...

Next, ol' Keyshawn came along. There was also a real run on "Antwan" (and its variants) about 10 years ago.

Not surprisingly, the Broncos went O-line in the 1st...

Anonymous Colorado Confederate April 28, 2017 2:57 AM  

[meant for football thread, of course]

Anonymous a deplorable rubberducky April 28, 2017 3:03 AM  

bill gates is dead. he checked out. he's been finished as a force in computers now for as long as he used to be player. he's now a philanthropic bs artist, and he hasn't been very successful at it.

so, if you hate bill gates, you should be happy. he's achieved maximum irrelevance.

can we move on?

Blogger Some Dude April 28, 2017 3:33 AM  

Yes. And the vampires are?

Until you say it, you cant change it. Of you dont even have the balls to say it, the distortion will not stop.

Blogger wreckage April 28, 2017 5:16 AM  

@183: the Dutch.

Blogger wreckage April 28, 2017 5:18 AM  

You think I'm joking, but the Australian Agricultural sector is all but controlled by Dutch financiers.

Blogger James Dixon April 28, 2017 6:55 AM  

> Life lesson: all problems have an obvious solution that is simple, clear, and wrong.

OK, Jose. Someone has gun. He's trying to shoot you. The simple, clear solution is to shoot him first. How is that a wrong solution?

The statement is an obvious falsehood, and most of the time people who use it are trying to con you. Lots of problems have simple, clear, obvious, and correct solutions. The only reason people sometimes fall for the line is that some complex problems don't.

Blogger Cail Corishev April 28, 2017 8:07 AM  

Jose has to go back.

The statistics say my state has never been stronger, but it has never been sicker.

More and more I'm put in mind of Atlas Shrugged, and the way she interposes background details like empty storefronts and broken-down vehicles with rich people having parties and official announcements of how things are getting better.

Blogger Tom Kratman April 28, 2017 8:21 AM  

No, it isn't, Jose. You see, they _are_ the USSR, only with a greedier face.

Blogger Cail Corishev April 28, 2017 8:57 AM  

How do two kids in a dorm room with an idea and 30,000 lines of Python fully collateralize a loan to buy AWS time for their startup?

That depends: do they want to work for themselves or for someone else? If they're smart, they'll start with a VPS or two, which won't cost any more than their monthly cable bill, and scale up as revenues support it. You know, the way all businesses used to do it. (If they're really smart, they'll switch to Perl. Yuk yuk.)

I'll switch to your Farmer Fred example, since I know some. A few miles from here there's a huge farmhouse -- a mansion, really, built with stone imported from somewhere. It even has a servants' quarters. It was built by a farmer in the late 1800s. It's not a rags to riches story, because he didn't show up here poor; but he started with a typical small farm, and by his death owned thousands of acres in the area. He didn't do it by getting a pile of VC money to "capitalize expansion," because that didn't exist then. He did things like running hogs out into the timber, throwing some corn to them every couple days, and then rounding them up and selling them when they got big enough. Doing everything as frugally as possible, saving every penny and reinvesting back into the place. I don't know whether he ever got a bank loan, but if he did, it would have been short-term, of the "borrow to buy seed in the spring and pay it back after harvest in the fall" variety.

His grandson, on the other hand, did things on the Jose Plan, borrowing money for expansion and new endeavors. He spent a lot of time with bankers, and was even on the board of one bank if I recall correctly. I'm sure they loved him. Get a big loan to build confinement hog buildings. Get a big loan to build a golf course. Get a big loan to build a factory. By the time of his death, most of the land his grandfather purchased had been sold off, and the farm's boundaries were nearly back to the original homestead.

Now, it's not the bankers' fault that the grandson kept chasing new ideas and was too impatient to save up to pay for them the old-fashioned way. But a vampire who only sucks the blood of victims who volunteer because they're seduced by his promises of immortality and greatness is still a vampire.

Anonymous BBGKB April 28, 2017 9:23 AM  

"Medicine is really easy, you just ask some questions and write stuff on a prescription pad." --people who didn't go to medical school for good reason.

For most of history going to a doctor provided no advantage and often had a negative outcome until the last 100 years. Nursing care has always been beneficial. Thanks to affirmative action today you are better off going to a white PA or CNP than a non east Asian minority doctor.

Blogger Sheila4g April 28, 2017 12:46 PM  

@189 Cail Corishev: "Now, it's not the bankers' fault that the grandson kept chasing new ideas and was too impatient to save up to pay for them the old-fashioned way. But a vampire who only sucks the blood of victims who volunteer because they're seduced by his promises of immortality and greatness is still a vampire."

Well put. My conundrum, however, is this: While it is easy to agree on who the vampire is and what his behavior and character warrants, it's murkier on how much agency to grant the short-sighted grandson versus how much control for the greater societal good. As @60 Grayman noted,

"The hardcore libertarian also lets Fred bleed to death in the gutter when he tries to rob someone, or lets him sit at home and starve to death, solving the problem.... Not pretty and hence why libertarians never follow through on their own ideology."

My gut instinct, even before I consciously stopped considering myself a liberal, was that stupid people who failed were stupid people who got what they deserved. My far more socialist English cousin debated this with me, positing everyone starts from an even playing field {hypothetical, of course} and some fail. Either through bad luck or lack of ability, they fail and repeatedly fail. And they run out of family or friends or church to get assistance from. Her solution was that, out of sheer humanity, we must enable government to step in and help. Mine was that, hopefully, someone would/could do so privately from the goodness of his heart, although it probably wouldn't be me. Where and how does one draw that line? Not moralizing but genuinely curious re your thoughts on that.

Blogger Cail Corishev April 28, 2017 1:06 PM  

While it is easy to agree on who the vampire is and what his behavior and character warrants, it's murkier on how much agency to grant the short-sighted grandson versus how much control for the greater societal good.

Right. I don't have any great answers for it, and I'm not sure there are any. I understand the danger that "legislating morality" will lead to a repressive nanny state that tries to control everything for our own good. But on the other side, when you try to have total freedom, you wind up with the nanny state anyway, because the people who can't handle that level of freedom end up dependent or criminal. You end up with more cops, more welfare, more surveillance, more doctors wanting to track your sexual history because of the latest STD epidemic....

So it seems to me that you want a reasonable balance, and I think that's possible, because it's happened before, even in this country. We used to have blue laws, and they didn't lead to repressive tyranny. Ditto the Hays Code. It was possible to put some limits on things, yet still have great individual freedom. I used to live in a dry township (no alcohol sales allowed), and some townships around here are still dry. So you have to drive several miles to get booze, unless you make your own. No big deal.

But then we're back to the topic du jour: how do you get that in a democracy, unless it's very homogeneous? The more multicultural it is, the more each group will want total freedom for whatever it wants to do, so the less possible it is to democratically agree on those reasonable limits.

Mayberry can have blue laws and a town drunk who lets himself in and out of jail -- limits everyone agrees on, with great freedom otherwise. Import a few hundred Mexicans and a few dozen Somalis into Mayberry, and it can't have that anymore. It'll lose the limits or the freedoms -- probably both.

Anonymous Mr. Rational April 28, 2017 1:31 PM  

Dirk Manly wrote:CP/M and its cousin DR-DOS runs natively on an 8086 processor without modification.
I call bullshit.  CP/M-86 had significant and troublesome differences from CP/M which, paradoxically, made porting to MS-DOS easier.  The reserved parts of memory from address 0 in the base segment complicated a lot of things which hadn't been issues before, and required re-writes of details which were trivial ports to the Microsoft equivalent.  The abandonment of CP/M-86 was a foregone conclusion.

I was there.  I got out before the clusterfuck which was the early days of Windows, and never looked back.

There were a few OPTIMIZATIONS done here and there, to upgrade from the 8080/8085 register system to the 8086 register system.
My company's customer base abandoned CP/M and the Z80 for the 8086/8.  I re-wrote signficant parts of the software to take advantage of the 8086 and the improvements of the MS-DOS filesystem over CP/M's emphasis on 243K floppy disks.  It wasn't enough; it went bust in the late 80's.

Dirk Manly wrote:The Apple ][ / Apple ][+ line was good.
I called it the ][-.  The replacement of the boot system and mini-assembler by the auto-boot (or whatever TF they called it) was a serious downgrade, hacker-wise.  Being able to drop to the mini-assembler and write yourself some machine code was a lot of fun.

@132   I give you the Emergency Bot theme performed by Guitar Bot:
https://www.youtube.com/watch?v=-Xa5oz-Phzk

@148   Especially when a bit of machinery plus software can make AR-15 receivers.

Mathias wrote:Payday loan places are really just all about maximally exploiting the extremely short time-preference of certain non-white races, and those Whites on the bottom end of the bell curve.
Who should all be eliminated from the gene pool, stat.

@169  Industrial production has been automating at a furious pace.  That's why you don't see it; semi trucks go in and out, but robots don't commute, don't buy houses, don't patronize stores or send kids to school.

@170  Most US rare earths are associated with thorium, which is classed as some kind of special nuclear material and is thus very costly to deal with.  Repealing one NRC regulation would get rid of that.

Blogger Sheila4g April 28, 2017 1:45 PM  

@192 Thanks, Cail. How to find the exact balance will take some tinkering, but as you noted, diversity ensures failure. When I was a kid I hated the existing blue laws {complained there was nothing to do and nowhere to go, although the problem was not the laws but my parents} whereas now I go out of my way to stay home when I can and avoid the vapid females eternally shopping.

Blogger Dirk Manly April 28, 2017 2:34 PM  

@193

The 8086 and 8088 can run 8080 code natively.

Blogger James Dixon April 28, 2017 2:36 PM  

> And they run out of family or friends or church to get assistance from. Her solution was that, out of sheer humanity, we must enable government to step in and help.

That (plus those who simply cannot make do for themselves due to injury, sickness, disability, etc.) are why we had charities. Then the government said they would do it for us. How's that worked out?

Anonymous Mr. Rational April 28, 2017 8:58 PM  

@195  Bullshit.  8080 opcode 0x7 is RLC; on the 8086, it's POP ES.

You could buy a translator for 8080/Z80 code which turned out 8086 assembler, and that's what we did.

Anonymous Mathias April 29, 2017 5:02 AM  

@193,

Eliminated from the gene pool? What for? Ever heard of regression to the mean? Those people are likely to have children of average intelligence, making them valuable in the long run.

Anonymous Mr. Rational April 29, 2017 5:55 AM  

@198  Wrong.  They're likely to have children who are not as far below average as they are...

but still BELOW average.  Their alleles make them a detriment, and they shouldn't reproduce.

Anonymous Mathias April 29, 2017 11:30 AM  

@199,

Regression to the mean hits the overall average within 3 generations, and we are suffering for breeding stock as it is. Who are you to say who should and should not reproduce? You know a few facts here and there, but you are not wise. After all regresssion to the mean, means that unintelligent people are likely to have more intelligent family who would be offended if they were to come to harm. How are we supposed to inculcate loyalty if are willing to cast away anyone with minor imperfections? Who would join a faction who's has a goal of disposing of beloved family members simply because they do not satisfy you intellectually? You want the smart people you have to take the package, which is their entire people, both the upper and lower ends of the curve.

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