neoliberal capitalism

David Graeber is an Intelligent human being – an activist – active in occupy wallstreet and so on.

His book – debt the first 5000 years – is a scientific very detailed 534 pages book – but what he misses – what is wrong with debt?

let me tell you what is wrong – with the interest on debt monetary system:

repaying debt is not so easy, not only because of the interest-on-interest effect but also – the money to pay the interest – IS NEVER CREATED in the first place – the game is rigged. (see another great book: Bernard Lietaer “rethinking money”)

Here comes the (simplified but still true) example:

imagine a world where there is only one bank and two shoe companies:

  • company A shoes
  • company B shoes

Bank X is given a loan from the central bank of $100.000 in cash (the central bank is the only bank allowed to issue cash).

The $100.000 Bank X keeps as reserves (10% in reality this would be only 1%).

This allows Bank X to lend out 100% of the $100.000 meaning $1.000.000 or one million in “book money” (money that only exists in the books or in computers).

So Bank X can gives company A and company B a loan of $450.000 to start their business and wants every year a modest rate of 3% interest.

The problem: the 3% interest ($13.500 in the first year) ARE NEVER GENERATED and thus one of the loans HAS to fail.

So after the first year – already $27.000 of interest would need to be paid to Bank X – but because this money was never created in the first place it can not be paid unless…

Company A needs to “extract” money/steal from company B in order to repay their debt or face bankruptcy.

Eventually one of the companies will have to close down – people lose their jobs – and the other company then has a monopoly on shoes – the prices for shoes skyrocket X-D

Because the interest-money is never created, it is not in the game, one of the competitors has to fail so the other competitor can repay the loan.

This is evil.

It is evil because sets people against each other in very very aggressive and evil way and calls it “normal”.

This will create a society of thieves and robbers and this is exactly what we have today.

did you know the “privatization” comes from the the latin word “privare” which literately means to steal? (deprive, rob)

The Goldman Sachs saying: “it is not enough that you win – others have to lose”

is not exactly correctly, more correct would be:

“in order to win – others will have to lose”

because those are the (current rules) of this catastrophic debt based game.

Here is another piece of wisdom: NEVER lend money to family or friends or you will lose both.

instead: if a friend or family member is in need ask them what they need and buy it for them. (help with material not with money directly)

or: give the money as a gift.

never the less Graeber keep up the good work.

Lietaer has unfortunately passed away.

Max Keiser calls it “financial feudalism

“a few players are taking the world private, by printing their own money”

Max does not tweet a lot, but constantly says he can be reached on twitter, so give it a try.

FED: https://en.wikipedia.org/wiki/Jerome_Powell

since at least 2017

“the Swiss National Bank. As I said above, don’t forget there are still central banks deeply entrenched in QE and, beyond local government bonds, are buying foreign assets (in large amounts). Switzerland’s central bank has more freshly printed money to put to work every quarter, and has been increasing their allocation to equities dramatically–$80 billion of which is now (as of the end of the first quarter) in U.S. stocks! That’s a 29% bigger stake than they had at the end of 2016. The SNB is the world’s eighth biggest public investor.” (https://www.forbes.com/sites/bryanrich/2017/05/16/this-central-bank-owns-80-billion-worth-of-u-s-stocks/)

Technology & Culture:

Sorry to shatter some expectations, BitCoin will not make mankind “better” just as the iPhone not “automatically” made mankind “better”.

Technology can always be used for good or evil – the question is – will mankind be able to come up with a method of coming to intelligent informed decision as “a crowd of 10 billion”. (democracy tried to be such a method but now fails massively btw nowadays democracy has almost nothing to do with ancient Greek style democracy where only:

  • “citizens” (men with swords) were allowed to vote
  • it was voted on very direct concrete things like “should we go to war with Troja or not?” (black stone in the basket = no, white stone in the basket = yes, not almost obscure complex laws that nobody not even the politicians that vote on it understand)
  • Socrates said: only those that think deeply and rationally about things should be let near a vote

The BlockChain can be used for evil: NSA will create a “permanent” = unalterable record of every “fart” anyone ever did (total 1984 mass surveillance dictatorship) – “building perfect records of people’s lifes”

everything depends on a balance

https://www.youtube.com/watch?v=nORI8r3JIyw
https://www.youtube.com/watch?v=nORI8r3JIyw

The BlockChain can be used for good: help mankind survive by adding biodiversity to financial monetary systems by providing an alternative to debt created FIAT.

The amount of Bitcoins are limited by math – but what does math stop from diving bitcoins into smaller and smaller bits? (Just the amount of 0.00000000001 post-dot-digits one’s computer can process (it is actually not so easy for some programming languages X-D to process very large or very small numbers))

Same as an iPhone / Android phone SHOULD have a flashlight that might help people not fall in holes at night, when the “main flashlight” (the MAIN FIAT CURRENCY) fails.

So YES bitcoin can help mankind survive – which we hope all agree on – is a good thing.

but things need to be taken further: as technology improve – culture should improve too

the character of mankind re-cultivating from greed lying cheating egoism to altruism less aggressive more cooperative more sustainable more sharing more fair way of survival IS HARD BUT POSSIBLE 🙂

the "traditional" US business model
the “traditional” US business model – highly fragile and unsustainable – let’s change!

 

Larry Summers – “Key Figure in America’s Downfall”

don't kill em but lock him down for 30 years
don’t kill em but extend the “lockdown” for Larry to 30 years

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

Goldman Sachs: U.S. ECONOMY TO SHRINK 24% FROM APRIL to JUNE 2020

https://finance.yahoo.com/news/u-economy-shrink-24-april-155126416.html

The Declaration of Independence – for it’s age of over 250 years – was and still is (!) GREAT AMAZING MASTER PIECE OF CULTURE AND CIVILIZATION.

A beacon of light in the middle ages.

Now it seems the corrupting forces of capitalistic have worked steady on going back in time to the middle ages (PLEASE NOT AGAIN!) (corruption -> collapse -> say hello to the middle ages, rebuild from ash and rubble)

Maybe it is time for a new and better constitution for the US – that has CONCRETE DIRECT TRUTH SCIENCE AND EVIDENCE BASED LAWS for SUSTAINABLE SURVIVAL OF ALL MANKIND.

Since then… nobody is to blame but:

  • the reckless
  • the ignorant
  • the greedy
  • the corrupt
    • everything in the universe depends on a balance
    • when Trump prints $2Trillion new Dollars and hand them out IN SECRECY WITHOUT ANY conditions (to bail out wallstreet (“the cancer”) not mainstreet (the society/worker)) he makes a terrible mistake and just increased INBALANCE and DECREASED STABILITY
      • i expect Trump to step down in the next weeks for mishandling a massive crisis
      • Trump and other’s do not understand – they are not as important and mighty as they think – that without a rise in paychecks – without people working for it – money is worth NOTHING – it becomes paper without a function and purpose.
      • also:
        • Central Banks and
        • law makers
        • NEED TO REALIZE THAT ALTERNATIVES (biodiversity of monetary / cooperation systems = is good = more stable economy & society) ARE GOOD AND SHOULD BE ALLOWED

          • this also means: gov (of course should not over tax anybody) BUT NEEDS TO ALLOW/ACCEPT PAYMENT OF TAXES in many other currencies such as BitCoins
        • ALLOW ALTERNATIVES TO FIAT CURRENCIES OR RISK SOCIETY COLLAPSE
  • have killed the American Dream. (some are still fighting… like Elon Musk)
https://finance.yahoo.com/
https://finance.yahoo.com/ live stream

for me: it is a crisis of ignorance = STUPIDITY (not bliss) and lack of education

If you want to kill a country – kill it’s education system.

Because in a society full of idiots – what do you think will happen?

Shit will happen. A LOT OF SHIT.

USA… sorry to say but… unless USA can do the turnaround and become a beacon of light again – refugees will be the least problem – Nobody will want to move there anymore.

My sincere sympathy with the US Jills and Joes of mainstreet.