They are so tedious, our elite. Their homogeneity is totalitarianism with a trans face. No one but they and their woke acolyte cancel critters gives a damn, except to stay out of their way. But we are going to have to get up in their face, aren't we? I'm hoping we can drive the woke and transhuman ideologues and our elite particularly in the military, intelligence and health care into the sea....by about 2026.
for folks so committed to the idea that identity is important, it is troubling that they would be so eager to discard the one identity that we all share - being human.
Nov 2, 2022·edited Nov 2, 2022Liked by Grant Smith
I'm sitting on my portfolio with a massive loss, holding the bag, and I honestly don't look for rationality behind the financial market.
May be I'm unaware of key parameters, but as I look around, I'm not alone.
It's one thing I don't try to figure out anymore.
Through the sabotaging of NS2 and the hush-hush around it here I do see a European elite that is unwilling to stand up for itself, but they're not opening the door to be raped by the FED, they're opening the door to be raped by anyone.
If your theory stands, I can't blame the FED. Why not join the queue?
In the near term, I agree the dollar will probably get stronger relative to all the worse bets, but then it'll be like that one saying I'm going to rip off from another person who I read that ripped it off today. How'd you go broke? gradually... then suddenly.
As long as the last dirt farmer by a Third World jungle prefers to get a dollar bill over any other currency, to hand over his produce, the USD is the strongest global reserve currency.
That's my two cents (and I'm holding onto them, as they might be more valuable than my forint millions!)
It's a ridiculous leverage, but that's what an empire gets you. Fukuyama missed this, when he contemplated a unipolar world.
The dollar can take a lot of abuse, because the whole world pays for it. Willingly!
We and the world are in a deep hole. It's a Dark Age with Nukes yawning before us [of course nukes will be used in the next serious or global conflict, grow up].
We need a way out - and it's Energy Money. Money directly tied to Energy.
The Petrodollar's logical and now essential next step.
The way to solvency at least for America is Energy Money. The Petrodollar taken to the next logical step. It can take any form as long as the currency has value, as energy is bounded only by the amount of technology applied I suggest the KwH dollar, which *roughly* rounding down current US prices would become the $0.1 Kwh [Kilowatt Hours] Dime - it's roughly $0.13 or 13 cents now.
This finishes the journey of the petrodollar to a sane conclusion, and we can't print or pixel [create money with keyboard entries] forever.
As it happens we also need boundless energy for the nation and humanity to survive, never mind grow and prosper, and space won't be settled by bankrupts. Space won't be settled by non-Westerners either, they simply crush from family up and into the State Mandarinate anyone like Edison or Musk and have for millennia. That won't change.
The IoT internet of Things will also need electricity, MORE.
The value of money in real life and in policy isn't in it's scarcity of course but in abundance and utility, nothing could have more utility than energy money. The BTC and crypto money idiots - they are - were greedy and scammed. In real life policy for decades if not centuries is the value of money is abundance not 'scarcity'.
Making the conversion into KwH allows more possibilities and flexibility than say a literal petrodollar, everything we use needs electricity. A BOE - Barrel of Oil - is 1700 KwH.
A KwH .1$ Dime or if people do want instant inflation to pay debts KwH dollar also harnesses animal spirits [greed] and allows people to coin money that can't be counterfeited - electricity is this much volts and amps or it isn't - gets America out of the hole.
2022 American power generation 4116 Terawatt's. An increase to 5000 Terrawatt and we're...solvent.
The best part - if you generate more energy the 'inflation' of energy currency *bends the cost curve of energy down* - the rising energy costs since coming off the Gold Standard in 1971 are what destroyed all gains and what is harming us now with the current worthless fiat inflation.
Energy money 'inflation' lowers the cost of energy, causing the price of everything else to drop.
Seems plausible, but I can't quite wrap my head around it as commodity money. Theres an ontological jump I'm making that would need to get filled in with deliberate reflection. Is this your idea? Are there any Austrian economists that have written anything on it? I do have an uneasiness around bitcoin and crypto generally as it doesn't have intrinsic value. I'm intrigued for sure. Thanks for bumping with the other comment
I arrived at the idea by thinking the problem out towards solution and considering what we need and what we have, and what money is used for, influenced by history and actual policy and who and what are constraints.
Main drivers for me;
1. Horrific debts- presently we have credit money, mostly from finance.
2. Inflation has driven above all cost of energy up since 1970s hence wage gains etc vanish.
If you inflate petrodollar energy costs more, interestingly in direct conversion to KwH money inflation cost of every decreases, more energy, if we could have such a glut this is the problem we want to have rather than the ones we do have.
3. We need vast amounts of power, and vast amounts of money.
4. Money must be linked to something of value, like you know electricity.
5. The Petrodollar is halfway there then stops, probably 1970s thinking.
6. IRL money’s value being in scarcity isn’t reality, its a good gold and crypto coin pitch, history and current policy say opposite and always have-
7. No to BTC and other scams, we already have worthless money, its an utter farce.
8, In reality we’re in a world that needs and will have boundless energy and boundless money.
It’s sensible to link the money to the energy and should have already happened.
9. We have the peoples insatiable maw and the elites boundless need for power and money to consider: constraints.
10. I doubt Austrians or other economists will endorse this, unless told or coerced. I don’t care puts the matter succinctly.
My idea? I am a soldier and my life forfeit , never mind ideas. But As it turns out Henry Ford had the same idea of energy money and so presently do others, mainly the Greens. >The Greens wanting energy money is good, because that means Brown is thinking about it (hydrocarbons).
Greens being owned by Oil etc, for all their pretentiousness.
So there’s the answer, and it’s early morning if difficult to read sorry.
I can't immediately see a reason why this wouldn't work. That said, I also can't envision a complete picture of how it would work from soup to nuts. If I had the bandwidth I would do this, but I don't so I'll tell you what would be awesome. Read/use this book as a reference: https://mises.org/library/theory-money-and-credit If you can outline exactly how this proposal would work in accordance with the theory of money outlined by Mises and write it up into an article you could then float to some economists to let them poke holes and provide feedback. The two on substack that immediately come to mind who might be down are Doc Hammer and Karl. Next step would be floating to some folks in the Austrian crowd trying to get the article published on LRC or mises.org. My sense is some of the tech behind crypto would need to get leveraged in order to make it work, so getting input from someone with a reasonable familiarity in that space such as Mathew Crawford might also be helpful. If you don't do any of this, I'll probably do it myself, I just won't be able to get around to it for a few months.
I’m backed up on stuff but will start to chip away on Mises.
But with reservations;
1. Any economist or scientist would destroy all humanity to prove his theory , or even just test it. Any and all.
2. The very concept the real world value of money being in abundance is so contra Austrian that any compliance impossible, not that I’ll close my mind, but I think their minds are set against money in abundance.
3. The precondition for this policy to happen is the Reconquista of America, you understand Sir?
Having said that; Contra -
1. People of goodwill and common sense are probably open to a solution.
2. Actual allies might be the energy industry and finance, and even hate buzz, er controversy draw attention.
3. Reconquista by something other than the current interregnum of psychotic geriatrics is inevitable, it would be helpful to have a plan for solvency and prosperity ready-
So I accept Sir, I can commit to no timeline, nor compliance with Austrian rules. Helpfully- the KwH $$ of course isn’t you know “credit” but commodity, and the fractal banking issue is eliminated.
In truth the most “credit” involved with energy money is a bill of exchange, which isn’t credit money at all.
PS my writing is sometimes dense and hard to understand, but not to worry I have ChatBOT as ally!
They are so tedious, our elite. Their homogeneity is totalitarianism with a trans face. No one but they and their woke acolyte cancel critters gives a damn, except to stay out of their way. But we are going to have to get up in their face, aren't we? I'm hoping we can drive the woke and transhuman ideologues and our elite particularly in the military, intelligence and health care into the sea....by about 2026.
for folks so committed to the idea that identity is important, it is troubling that they would be so eager to discard the one identity that we all share - being human.
Wealth seeks refuge in the USD in times of crisis. So whenever the global financial system is shaking, the USD gets stronger.
EUR will fall before USD, even if the problem is caused by Washington's recklessness.
It's not fair, it's not just, but so it is.
Tom Luongo has a strong thesis that the FED is destroying the Euro banking system.
https://tomluongo.me/2022/10/06/31-trillion-dollar-question-can-fed-afford-pivot/
IMO after that happens, the USD is going to follow shortly after.
I’ve fried my brain on this topic way too many times even before ZeroHedge became a thing.
Simple, really. The FED is destroying the Euro banking system so it can save the USD.
The USD will survive, but at a much lower value.
I'm sitting on my portfolio with a massive loss, holding the bag, and I honestly don't look for rationality behind the financial market.
May be I'm unaware of key parameters, but as I look around, I'm not alone.
It's one thing I don't try to figure out anymore.
Through the sabotaging of NS2 and the hush-hush around it here I do see a European elite that is unwilling to stand up for itself, but they're not opening the door to be raped by the FED, they're opening the door to be raped by anyone.
If your theory stands, I can't blame the FED. Why not join the queue?
In the near term, I agree the dollar will probably get stronger relative to all the worse bets, but then it'll be like that one saying I'm going to rip off from another person who I read that ripped it off today. How'd you go broke? gradually... then suddenly.
As long as the last dirt farmer by a Third World jungle prefers to get a dollar bill over any other currency, to hand over his produce, the USD is the strongest global reserve currency.
That's my two cents (and I'm holding onto them, as they might be more valuable than my forint millions!)
It's a ridiculous leverage, but that's what an empire gets you. Fukuyama missed this, when he contemplated a unipolar world.
The dollar can take a lot of abuse, because the whole world pays for it. Willingly!
Maj Grant- energy money, KwH dollars- an increase of 25% of our current production gets us way out of a Dark Ages size hole
"until your exoskeleton crumples you will be cricketing out one song: “hypocrisy.”
Yarvin, his best line in some time.
The monetary problems are worse than widely known, OTC Derivatives are at $632T.
https://stats.bis.org/statx/srs/table/d5.1
Meanwhile -
40% of all Dollars $ ever created last 2 years.
World debt $305T
World GDP $100T
We and the world are in a deep hole. It's a Dark Age with Nukes yawning before us [of course nukes will be used in the next serious or global conflict, grow up].
We need a way out - and it's Energy Money. Money directly tied to Energy.
The Petrodollar's logical and now essential next step.
The way to solvency at least for America is Energy Money. The Petrodollar taken to the next logical step. It can take any form as long as the currency has value, as energy is bounded only by the amount of technology applied I suggest the KwH dollar, which *roughly* rounding down current US prices would become the $0.1 Kwh [Kilowatt Hours] Dime - it's roughly $0.13 or 13 cents now.
This finishes the journey of the petrodollar to a sane conclusion, and we can't print or pixel [create money with keyboard entries] forever.
As it happens we also need boundless energy for the nation and humanity to survive, never mind grow and prosper, and space won't be settled by bankrupts. Space won't be settled by non-Westerners either, they simply crush from family up and into the State Mandarinate anyone like Edison or Musk and have for millennia. That won't change.
The IoT internet of Things will also need electricity, MORE.
The value of money in real life and in policy isn't in it's scarcity of course but in abundance and utility, nothing could have more utility than energy money. The BTC and crypto money idiots - they are - were greedy and scammed. In real life policy for decades if not centuries is the value of money is abundance not 'scarcity'.
Making the conversion into KwH allows more possibilities and flexibility than say a literal petrodollar, everything we use needs electricity. A BOE - Barrel of Oil - is 1700 KwH.
A KwH .1$ Dime or if people do want instant inflation to pay debts KwH dollar also harnesses animal spirits [greed] and allows people to coin money that can't be counterfeited - electricity is this much volts and amps or it isn't - gets America out of the hole.
2022 American power generation 4116 Terawatt's. An increase to 5000 Terrawatt and we're...solvent.
The best part - if you generate more energy the 'inflation' of energy currency *bends the cost curve of energy down* - the rising energy costs since coming off the Gold Standard in 1971 are what destroyed all gains and what is harming us now with the current worthless fiat inflation.
Energy money 'inflation' lowers the cost of energy, causing the price of everything else to drop.
Seems plausible, but I can't quite wrap my head around it as commodity money. Theres an ontological jump I'm making that would need to get filled in with deliberate reflection. Is this your idea? Are there any Austrian economists that have written anything on it? I do have an uneasiness around bitcoin and crypto generally as it doesn't have intrinsic value. I'm intrigued for sure. Thanks for bumping with the other comment
I arrived at the idea by thinking the problem out towards solution and considering what we need and what we have, and what money is used for, influenced by history and actual policy and who and what are constraints.
Main drivers for me;
1. Horrific debts- presently we have credit money, mostly from finance.
2. Inflation has driven above all cost of energy up since 1970s hence wage gains etc vanish.
If you inflate petrodollar energy costs more, interestingly in direct conversion to KwH money inflation cost of every decreases, more energy, if we could have such a glut this is the problem we want to have rather than the ones we do have.
3. We need vast amounts of power, and vast amounts of money.
4. Money must be linked to something of value, like you know electricity.
5. The Petrodollar is halfway there then stops, probably 1970s thinking.
6. IRL money’s value being in scarcity isn’t reality, its a good gold and crypto coin pitch, history and current policy say opposite and always have-
7. No to BTC and other scams, we already have worthless money, its an utter farce.
8, In reality we’re in a world that needs and will have boundless energy and boundless money.
It’s sensible to link the money to the energy and should have already happened.
9. We have the peoples insatiable maw and the elites boundless need for power and money to consider: constraints.
10. I doubt Austrians or other economists will endorse this, unless told or coerced. I don’t care puts the matter succinctly.
My idea? I am a soldier and my life forfeit , never mind ideas. But As it turns out Henry Ford had the same idea of energy money and so presently do others, mainly the Greens. >The Greens wanting energy money is good, because that means Brown is thinking about it (hydrocarbons).
Greens being owned by Oil etc, for all their pretentiousness.
So there’s the answer, and it’s early morning if difficult to read sorry.
I can't immediately see a reason why this wouldn't work. That said, I also can't envision a complete picture of how it would work from soup to nuts. If I had the bandwidth I would do this, but I don't so I'll tell you what would be awesome. Read/use this book as a reference: https://mises.org/library/theory-money-and-credit If you can outline exactly how this proposal would work in accordance with the theory of money outlined by Mises and write it up into an article you could then float to some economists to let them poke holes and provide feedback. The two on substack that immediately come to mind who might be down are Doc Hammer and Karl. Next step would be floating to some folks in the Austrian crowd trying to get the article published on LRC or mises.org. My sense is some of the tech behind crypto would need to get leveraged in order to make it work, so getting input from someone with a reasonable familiarity in that space such as Mathew Crawford might also be helpful. If you don't do any of this, I'll probably do it myself, I just won't be able to get around to it for a few months.
I’m backed up on stuff but will start to chip away on Mises.
But with reservations;
1. Any economist or scientist would destroy all humanity to prove his theory , or even just test it. Any and all.
2. The very concept the real world value of money being in abundance is so contra Austrian that any compliance impossible, not that I’ll close my mind, but I think their minds are set against money in abundance.
3. The precondition for this policy to happen is the Reconquista of America, you understand Sir?
Having said that; Contra -
1. People of goodwill and common sense are probably open to a solution.
2. Actual allies might be the energy industry and finance, and even hate buzz, er controversy draw attention.
3. Reconquista by something other than the current interregnum of psychotic geriatrics is inevitable, it would be helpful to have a plan for solvency and prosperity ready-
So I accept Sir, I can commit to no timeline, nor compliance with Austrian rules. Helpfully- the KwH $$ of course isn’t you know “credit” but commodity, and the fractal banking issue is eliminated.
In truth the most “credit” involved with energy money is a bill of exchange, which isn’t credit money at all.
PS my writing is sometimes dense and hard to understand, but not to worry I have ChatBOT as ally!