Posts Tagged ‘Money’

Chaos Patch (#62)

(Open thread + links)

They just can’t stop. The egalitarian end game. Neoreactionary achievements (0, 1, 2, 310). Insanity and nihilism. Jacobin dreams. Rights and rites. Against conservatism. Against antinatalism. Against economic ownership. Against the Gnostics. Against Kant and consumerism. (What a contrary bunch.) Contribute to the commons. Friday fragments. The weekly round.

Eugenics is coming. Climate dissidence.

A report from China. Who lost China (again)?

Gold rush (see also this).

Turf wars, and see also (1, 2, 3). Derbyshire on the UK circus (plus, fingers crossed). Knives out for Harper (1, 2). Well, this is embarrassing. Satanic materialism. Women forge ahead. Ancient Rome’s rotten elites.

The shadow of Szabo. Grizzle-punk. Briggs, on Pew, on religion (related).

Deep state commercialization (via.).

May 17, 2015admin 41 Comments »
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Sentences (#13)

More of a substantive than a stylistic entry, but the high-impact sarcasm jolt wins it a place here:

if indeed it was the Obama administration’s brilliant ploy to kickRussia – and by geopolitical affiliation, China – out of a monetary transaction mechanism that is controlled and supervised by the US and force the two biggest challengers to US global dominance into their own (or joint) payment system, then well, congratulations: it succeeded.

The geostrategic grand mal seizure fully lives up to the hype.

March 10, 2015admin 7 Comments »
FILED UNDER :Sentences
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Suspended Reality

This chart (via) marks the point where economics switches into ontology (and not in a good way). Global government debt issuance — undiminished in its absolute scale — has for the first time ever been entirely swallowed by money production. Postmodernism has unambiguously triumphed, at least temporarily. It’s a thing of wonder, and not a bad exemplification of objective evil (as Gnon acts upon it). Reality, for the moment, is benched. (This does not end well — but we know that, right?)

Government Debt Net Issuance 2015_0

SoBL has a highly relevant forecast post addressing this syndrome, which has been a long time coming, and no doubt has at least a little further to go.

February 10, 2015admin 42 Comments »
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Quote note (#144)

Pete Dushenski on the reactionary case for Bitcoin, the lead up:

Gold balanced the forces of the world. As such, no matter where you went, gold was transferable to the local currency. Whether you were in France or Florence, your gold was good. In fact, if you weren’t in your own backyard, using your own community’s debt instruments, gold was basically the only thing that was accepted. So whether you wanted to buy a copy of the Bible, fight a foreign war, or build a palace, you needed gold.

Then came The Revolution: replacing the Monarch, the Church, and generally anything good by instituting “reforms” and encouraging “progress” in the name of “the people.” At first, the sheer number of supporters of constitutional democracy was sufficient to establish this social experiment. Eventually, however, sheer numbers would prove insufficient. Why? Because this “new” system failed on every account to educate its supporters on the essential matters of politics and economics, leaving them intellectually high and dry and prone to the exact golden calves that the Church and Monarch were protecting them from. As a result, after experiencing a bit of lifestyle creep, an newfound and ever-growing sense of entitlement began to take root. And oh did those roots grow deep.

The roots grew so deep that the electorate began knocking on democracy’s door, demanding more and more. Where once they were thankful for their new liberties and freedoms, they soon found themselves adrift at sea, lost and without cause. To unyoke this infinite expansion of wants from the finite, gold-bound resources of the state, the Revolutionaries had no choice but to take hold of the money supply of their nations, wresting it from the grasp of sound money and all the goodness and balance it had fostered. This was the only way to keep up the ruse and placate the electorate. So they instituted Central Banking at a scale never before seen. …

(The whole thing is glorious, including — in the original — footnotes.)

January 14, 2015admin 36 Comments »
FILED UNDER :Political economy

Quote note (#141)

Just to keep Kgaard maximally wound-up (and therefore indirectly troll everybody else on the blog), Jim Quinn navigating amid a flurry of Mises quotes:

Booms brought about by credit expansion ALWAYS end in a contractionary bust. It’s just a matter of when. The level of mal-investment in Japan, Europe, China and the U.S. during the boom created by central bankers is almost incomprehensible in its scale of absurdity. The only beneficiaries have been bankers, corporate insiders, politicians, and shadowy billionaires hiding in plain sight. The illusory boom has already impoverished the working class and the coming bust will invoke civil unrest, social chaos and war.

(I’m in Singapore until the 9th, so erratic online activity until then.)

January 7, 2015admin 30 Comments »
FILED UNDER :Pass the popcorn

Face Hugs

An engagement with this (extraordinarily interesting) monetary analysis isn’t going to reach any kind of remotely convincing state tonight. Perhaps I can buy people off for a while with a few of these:


It actually says pretty much everything that needs to be said, in compressed form.

There’s an additional Weiner post of special relevance here. (His definition of inflation as ‘counterfeit credit’ does a lot of theoretical work, very quickly.)

October 23, 2014admin 13 Comments »

Doom Paul

Doom Paul 00

Blame Bloom for luring me into this blasted landscape. (I agree with JAB that there’s something important going on here.)

A Doom Paul video selection (1, 2, 3).

Continue Reading

October 10, 2014admin 5 Comments »
FILED UNDER :Horror , Humor

Quote note (#111)

SoBL on the next stage for Japan:

The Japanese had their forty-first straight month of trade deficits. This is the problem when a nation imports raw materials and energy and exports finished goods in a world of sluggish demand. The Japanese are one of the export dollar recyclers. They are not reliable anymore, which might be why tiny Belgium holds hundreds of billions of US Treasuries now. The Japanese are now moving to invest more abroad, but curiously, they are not investing in hot spots like China but instead in America. The Japanese are investing in US insurance companies as a proxy for investing directly in the US. They want to use insurance companies as a way to learn about the US market more before digging in deeper. This is beyond direct purchases of manufacturing firms and what not. They did this in the ’80s when Japanese automakers partnered with US firms to learn the psychology of the US worker as they then invested in US sitused plants.

At the core of all of this is finding ways to earn non-yen denominated revenue. Currency diversification to prepare for a domestic shock. They are preparing for the devaluing of the yen, and they expect it to happen to the yen first and the dollar later. Many have bet against the yen and lost, including recently Kyle Bass, but if the Japanese themselves are starting to bail, the end must be approaching. It is an interesting island culture shaping up. Greying and shrinking population, growing robotics industry, worlds’ largest creditor nation with trillions in net assets, “xenophobic” immigration policy, shrinking working population… it is like they are setting up an island of a homogenous, rentier class.

If this analysis is correct, it suggests that Japanese capital is set to become a major resource for world-wide trends with an NRx (anti-demotic propertarian) orientation. Sustaining foreign investment revenue streams will become an existential necessity for a grayed Japan, which is enough to establish a definite agenda regarding governance models in the functional fragments of the world system.

Does a ‘rentier nation’ spontaneously produce a Neocameral geopolitical entity?

September 22, 2014admin 13 Comments »
FILED UNDER :Political economy
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Buy Out

This (via Mangan) is such naked precious metals propaganda — and yet it’s so right.

… markets are behaving exactly as one would expect at the end of a major economic era. That is, markets are totally divorced from the reality of what is going on both economically and geopolitically. Markets are now in a manic phase, driven by false hope and momentum. […] It clearly helps that many economic figures are manipulated and therefore totally inaccurate. If we add to this the most massive money creation in history, we can be certain that these are not normal times. […] We are experiencing the beginning of a hyperinflationary period, with hyperinflation, so far, being noticed only in financial markets, property markets, and other key assets such as art and classic cars. […] And currencies will continue their decline to zero. Continued money printing will guarantee this. And we have to remember that the major currencies don’t have far to go since they are down between 97 and 99 percent in the last hundred years. As currencies start the next major phase of decline we will experience hyperinflation in all parts of the economy. This hyperinflation will be happening in most major countries. …

It’s not just that the analysis is solidly grounded in an obdurate realism (this is the raw economics of Gnon), it’s also that:
(a) Gold is the traditional medium of economic-regime exit, and therefore
(b) This discourse is immediately anti-politics (or resistance).
It says: Get out! That’s not a message to be easily decrypted for representational content, because it’s a war cry.

How does a hyperinflationary collapse begin? With a flight to gold. There’s going to be hyperinflation — flee to gold. It’s a circuit. The Cathedral’s economic authorities are entirely justified in considering such messaging aggressive (even ‘terroristic’), in the specific mode of a self-fulfilling prophecy. If people listened, they’d bring everything crashing down.

It’s no less crucial to understand that, by inversion, the voice of central monetary authority is equally incapable of isolating the communication of objective information from the continuous flow of psychological operations. When the state monetary apparatus speaks, it exercises effective power. It commands. The sole value of fiat currency lies in a popular habit of obedience, which the state money power systematically sustains. There is no other usage of macro-economic signs.

‘Buy gold’ is a counter-revolutionary instruction to participate in the destruction of the state money system.

(… and now we have Bitcoin too.)

August 22, 2014admin 128 Comments »
FILED UNDER :Political economy

Buy/bye Petrodollar

The master jigsaw puzzle piece connecting US domestic and foreign policy together is the petrodollar. Federal debt production depends upon credibility in the US currency that is anchored by its privileged role in global hydrocarbons commerce. Knock out that privilege, and US dollar holdings become one speculative asset among others. The fiat house of cards begins to tumble (perhaps with shocking rapidity).

In this context, US monetary policy begins to look like a side-line of ‘friendship’ with the Saudis, which is dissolving into quick sand. Pepe Escobar at AToL explores some of the possible consequences. (It’s especially notable that the fracking revolution could accelerate a petrodollar crisis, rather than retarding it.) There’s also a China angle, which is always fun.

Disconcertingly for almost everybody, in different ways, the awkward retraction of US power from the Middle Eastern wasps’ nest tends inevitably to destabilize the global monetary regime. The more the Saudis feel jilted, the less their commitment to the petrodollar pact, but if this was ever a low-maintenance relationship, it certainly isn’t anymore.

Bomb Iran or your currency bombs. — Things might not quite reduce to that yet, but it increasingly looks as if they will.

October 27, 2013admin 25 Comments »
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