Archive for August 22nd, 2014

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

Gigadeath War

Hugo de Garis argues (consistently) that controversy over permitted machine intelligence development will inevitably swamp all other political conflicts. (Here‘s a video discussion on the thesis.) Given the epic quality of the scenario, and its basic plausibility, it has remained strangely marginalized up to this point. The component pieces seem to be falling into place. The true element of genius in this futurist construction is preemption. The more one digs into that, the most twistedly dynamic it looks.

Among the many thought-provoking elements:

(1) Slow take-off is especially ominous for the de Garis model (in stark contrast to FAI arguments). The slower the process, the more time for ideological consolidation, incremental escalation, and preparation for violent confrontation.

(2) AI doesn’t even have to be possible for this scenario to unfold (it only has to be credible as a threat).

(3) De Garis’ ‘Cosmist-Terran’ division chops up familiar political spectra at strange angles. (Both NRx and the Ultra-Left contain the full C-T spectrum internally.)

(4) Terrans have to strike first, or lose. That asymmetry shapes everything.

(5) Impending Gigadeath War surely deserves a place on any filled-out horrorism list.


De Garis’ site.

(Some topic preemption at Outside in here.)

August 22, 2014admin 19 Comments »
FILED UNDER :Technology , World
TAGGED WITH : , , , , ,