CONVERSATION RECORDED JULY 17, 2025. House Republicans just celebrated their “Crypto Week” with the passage of an Anti-CBDC Surveillance State Act and the passage of a stablecoin-promoting GENIUS Act. And, whether you know it or not, this new stablecoin regulatory regime is going to transform your life and the entire global monetary order. Here today to fill us in on all the details is Mark Goodwin, co-author with Whitney Webb on a series of articles about this new blockchain regime and the powers-that-shouldn’t-be who are behind it.
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SHOW NOTES
House Announces Week of July 14th as “Crypto Week”
Trump Embraces the “Bitcoin-Dollar”, Stablecoins to Entrench US Financial Hegemony
The Chain of Consensus: The Cartel Behind The Blockchain
TheChain.wiki – entire investigative series from Mark Goodwin and Whitney Webb
The Bitcoin-Dollar: An Economic Monomyth by Mark Goodwin
I want to give Mark Goodwin a pat on the back!
Mark’s full presentation, start to the very end, was very good! Easy digestion.
A Mark Goodwin QUOTE:
“So the Genius Act is quite genius in a way in that it’s forcing technologists to bite the bullet and buy the debt of the U.S. government at a very crucial time in which the U.S. government desperately needs more buyers of debt.”
A month or so ago, I told my son that he probably won’t ever see mortgage rates below 5% again…unless the government does a stablecoin.
Lower mortgage rates probably coming…
https://corbettreport.com/nwnw597/#comment-180480
Lower mortgage rates won’t last because even if they kick the can down the road the economy is BS, the money is BS and the US dollar is trash. It can’t stop inflation, only kick it down the road again.
Any rate that is variable can snap shut pretty quick, because the mortgage lender is never going to let someone walk away with real stuff for less value the they lent, if they can help it.
Nixon gets a bad rap for closing the gold window, but it’s not like he could have done anything else at that point…. everything is a stop gap and you can’t paper over cracks forever. At the end of the day no one really wants to see what will happen when we can’t pay our entitlements, I sure don’t wanna see it 🙁
Ya know what is kind of ironically weird about mortages…is that they are married to the Money Supply because of fractional banking.
The generation of the money supply often depends upon the loaning of “out of thin air money” against a hard asset like homes.
There is no doubt that the global financial system is based on debt.
Mortgage rates kind of drop to second place when the price of a home is ludicrous. 5% on a 500K is OK (putting aside the whole fractional reserve scam for now) but 5% on 1 million dollar plus home, not so great. Prices depend on where you live of course. Prices in Australia are currently obscene.
Especially when those houses are literally built out of cardboard and chicken wire and will dissolve in a really good weather event (that they’re contriving more and more every day)
Paul,
You make a very good and important point.
Home prices, even with low interest rates, are not affordable for the average household income.
CHART
https://www.visualcapitalist.com/median-house-prices-vs-income-us/
The range of 2012-2015 (end of Global Financial Crisis – GFC) was kind of a sweet spot for the average home-price/household-income.
When people talk about inflation…the largest single expenditure…home prices.
In the U.S., the housing price bubble is beginning to finally unravel in some areas like Florida and Texas.
It is a slow boat. Real Estate typically is.
The amount of “for sale” inventory in North Texas is now massive compared to five years ago.
People don’t want to lower their asking price, because they are used to seeing the inflated values which followed the Pandemic.
However, on an annualized basis, North Texas is now seeing home prices come down (around 7%).
Tuesday July 15, 2025 – Reventure Consulting – Nicholas Gerli
Dallas, TX housing market entering a full-scale correction (2025 supply surge)
12 minutes – Details of zipcodes and charts in video
https://www.youtube.com/watch?v=_29XdcN6zXY
“….People don’t want to lower their asking price, because they are used to seeing the inflated values which followed the Pandemic…..”
I think you’re right – we may see a massive drop in home values soon. I certainly hope so, since I have been looking for more land for the kids.
House sales are, however, slow. At some point the seller will have to drop prices lower than what they think their house is worth if they want it to shift.
At the end of the day prices have to be affordable or no one will actually pay them….the issue in Texas is all the damn California money which also ruined Portland from what I hear
mortgage(n.)
from Old French morgage (13c.), mort gaige, literally “dead pledge” (replaced in modern French by hypothèque), from mort “dead” (see mortal (adj.)) + gage “pledge” (see wage (n.)).
CREDIT is why money is worthless, and also why people generally don’t appreciate what they have. Always looking for a handout, always concerned about image, keeping up with the Joneses.
There is no credit in the natural world. You have it, or you don’t. You earn it, or you don’t.
Credit = debt = servitude
What happened to the philosophy of building up as you go, and living within your means?
Look at what debt has done to the world. Look at the burden placed on the youth.
I’d say a 1000% interest rate would be strong medicine for securing a better future for generations to come.
Save up, buy a plot of land. Develop skills, save more, and build your own home.
Anything else is not only insanity, but it’s setting the worst possible example for coming generations.
Can’t afford a nice car? Drive a clunker, or walk, or ride the bus, and save.
Very few children today have an understanding of this concept. They’re being trained to beg for what is not their proper lot, and it’s poisoning their entire world view.
True financial literacy begins with this understanding.
Personal sovereignty begins with this understanding.
I’m glad you mentioned the derivation…
Death Pledge = Mortgage
Being a word nerd has its perks.
Hey, with a name like HomeRemedySupply, I figure you might also be familiar with the healing applications of DMSO? I just posted a link for ejdoyle to check out as a possible tool for getting over the final hump after his bout with pneumoniae, and if you or anyone else here has any personal experience, I’d say such discussions would be helpful for anyone who wants to take care of themselves outside of the medical industrial complex.
Thanks in advance
glamdring,
You are right. Just last week I mixed lecithin and some DMSO together and swallowed it. I have had types of DMSO on my shelves for about ten years. I’ve even used DMSO to help remove a rusty bolt.
DMSO – MSM – S.O.D. …and…
Nature’s SULFUR CYCLE
EXCERPTS
There is a Sulfur cycle, much like the Carbon cycle…
… The supplements MSM (methylsulfonylmethane) and S.O.D. (SuperOxide Dismutase) are very popular…
…In the sulfur cycle, ocean plankton creates dimethyl sulfide (DMS) which rises into the atmosphere where it interacts with ozone and sunlight to form dimethyl sulfoxide (DMSO) and MSM. These water-soluble compounds then fall to the earth in rainwater and are collected and incorporated into a variety of plants.
MSM can be found in fruits, vegetables, grains, and milk.
https://corbettreport.com/macfarlane-oppenheimer/#comment-153774
[Follow the link at the link.]
Excellent. I replied to the older post, not sure if you’ll get a notification or not.
For everyone’s enjoyment –
Man with the strongest crotch ever
https://www.youtube.com/watch?v=ICR_0Ae283c
It is a different guy getting the nut job, because the old original video talked about Substance P.
But I still wince when I watch this one.
Ooo!
Answering your other oppenheimer comment..
I don’t get notifications anymore to keep my email inbox clean. I’m trying to economize my time.
I get the Midwestern Doc substack.
Lecithin and DMSO – Lecithin lipids contain great nerve and brain and body nutrients.
The comfrey I grow I often put in the blender for my green smoothies.
After decades of starting/running different businesses, I went back to college 2005-2008 to get a degree in the Environmental Sciences (Bio-Chem, Soil Science, Hydrology, toxicology).
At TX A&M University-Commerce, I personally burned and gave out 10k of 9/11 truth DVDs. Been a hardcore on-the-street activist and fluoride fighter with DallasForSaferWater.com (a website I built, but have neglected for over ayear now…too much on my plate.)
glamdring, It sounds like you are very informed about natural remedies.
HomeRemedySupply
Right on. I’m an autodidact who had some self inflicted health issues and never trusted the MIC. Sink or swim is one helluva motivator. I use lecithin as an aid for lipid digestion but never thought of throwing it in the cocktail, certainly couldn’t make it taste any worse.
Thanks for the tips
A very good piece, thanks James and Mark.
Sniff, sniff.
Something smells.
In my geo-economics primer, How to Dismantle an Empire, I explain how bankers create the money through mortgages, not the gov’t: https://thirdparadigm.substack.com/p/13-finance-is-an-extractive-industry.
In fact, the Constitution forbids the Federal gov’t from issuing anything but coins. The Supreme Court has ruled that “only the Federal Gov’t has the right to coin money” means pocket change.
Another word for private money is anonymous. Money should be a relationship. In the real world, by which I mean one without slavery, the producer would be in charge. They would decide to whom they want to sell what they make, not just anyone. They may be around the world but still have a name and community connected to yours.
Crypto is dead money, just like petrodollars or mortgage debt. Living money creates relationships. My caret system does this: https://thirdparadigm.substack.com/p/bitcoin-vs-the-caret.
“….Money should be a relationship. In the real world, by which I mean one without slavery, the producer would be in charge….”
Its NOT that I disagree….but the west has accumulated a massive client class of people dependent on hand outs.
Big biz, the defense industry, cities, poor people, old people, just about everyone is tangled up in the “free” money system and it will be truly horrific when the dance stops. I am 100% sure that MOST people will accept almost anything rather than facing that collapse.
That said the cleaver monkeys have managed to keep kicking the crash into the future, making it more and more horrible when it finally does go pop
When you consider all of the equipment between the two people doing the transaction, and I mean ALL of the stuff in that GIANT LOOP just for you to take something from your hand and place it in someone else’s, you’re look at… what, at least an ounce of water equivalent?
Stable coins are not as bad as a CBDC.
Anyone can access stable coins with only a wallet, no ID necessary. Stable coins also operate on open networks that expose people to a “native asset” (like SOL or ETH), and other alternative currencies that are not programmable or as vulnerable to censorship. I believe one good thing about stable coins is they will act as a gateway drug for the masses into the rest of crypto, and ultimately lead them to the orange pill.
The only way a CBDC (or functional equivalent) can be meaningfully “ushered in” and actually used to exert mark-of-the-beast style control of people’s money, is to eliminate the alternatives that people will flee to once that starts happening at any kind of scale.
Also, stable coin issuers are competitive. It’s a very profitable business. Naturally, if one stable coin issuer starts freezing accounts and programming people’s money, everyone will flock to a competitor that doesn’t. Issuers of stable coins are thus incentivized to not antagonize their customers. So stable coins are subject to this competitive market element, very different than a CBDC which would be a legally enforced monopoly run by the state with no way to opt out or use without KYC.
I imagine the powers that shouldn’t be are aware of how stable coins expose people to crypto more broadly, ultimately leading them to the orange pill, but they have no choice if they want to extend the lifespan of their ability to print money, which of course they are desperate to do. They have to allow and promote stable coins on open networks because they are an enormous driver of demand for the dollar, which is desperate for all the demand it can get. Such a sweet irony, IMO 😈
The logical progression is that BTC eventually becomes widely recognized and used as the primary store of value layer, with other open networks competing to provide most payments, tokenization, and defi capabilities. In the meantime, I expect we will see the crypto ecosystem growing, while trad-fi migrates ever more into it until it is completely absorbed and transformed. Fiat, including stable coins, will just continue to collapse into hyperinflation until it dies off.
I’m no fan of stable coins though. I believe that freedom minded people should seek to boycott the state, banks, and fiat in all forms, as much as we can, despite the difficulty of doing so.
I personally doubt they will sabotage stable coin traction by over-weaponizing it any time soon. Sure they can freeze/program your USDC or USDT, but they won’t “abuse” that power in the face of competitive market forces. They desperately need the market to trust and demand stable coins, not make it hate and reject them in favor of readily available alternative tech, and that’s why I predict these stable coins will actually be run in “good faith” for the foreseeable future, and will continue to be safer (statistically far less likely to be frozen or messed with) than your bank account, paypal, visa card etc.
Oakgnarl
“…but they won’t “abuse” that power in the face of competitive market forces.…”
You underestimate the power of stupidity insulated by power.
These are the kind of people who would literally saw the branch their sitting on off a tree if it suits them in the moment. The people who financalize the economy and then get surprised that they can’t make weapons or industrial goods by magic.
Theybwont hesitate to crack down on stable coin companies that dont toe the political line, because them being ontop of the snake pit is more important to them then if that snake pit turns into a 3rd world dump like Somalia or California.
>You underestimate the power of stupidity insulated by power.
Perhaps. I tend to suspect that mostly the “stupidity” we see regarding finance and economics is an act, a contrivance. The people running the system behind the facade of propaganda for their own interest at the expense of everyone else, are not actually dumb.
>Theybwont hesitate to crack down on stable coin companies that dont toe the political line
“The tighter you squeeze, the more it slips through your fingers.” – Princess Leia
Oakgnarl
“….tend to suspect that mostly the “stupidity” we see regarding finance and economics is an act, a contrivance….”
That is a big assumption- if it were true I would assume that they would then not need to get their asses pulled out of the fire by bail outs.
Those indicted failure and panic, not well planned op’s
“…..The people running the system behind the facade of propaganda for their own interest at the expense of everyone else, are not actually dumb….”
I doubt they are ALL dumb but considering that lots of them basically inherited their positions via nepotism, and the men who created the system are long dead, I don’t see why they would all be specimens of high intellect.
It’s pretty easy to dominate the world when your predecessor was smart enough to destroy the Nazis, and the British empire, grab most of the worlds gold and bring it home and then make everyone (inc the Soviets) dependent on the industry you have. Plenty of wise kings built power and passed the throne onto dumb asses, lol, who lost everything.
“…..The tighter you squeeze, the more it slips through your fingers.” – Princess Le…..”
Aside from the dangers of forms worldview based on a hollyweidos propaganda (since 90% of people will go with the provider the gov says is ok) it should be noted that Princess Leia was a crazy terrorist cat lady who (acc to the sequels)
not able to put a functioning government together in 40 years,
bring up her kid properly
or stay married.
🙂
The Empire, meanwhile, provided order, good governance and low taxes…. 😉
AA “in defense of emperor palpatine”
https://m.youtube.com/watch?v=wKII7lNsVIE&pp=ygUYQWNjYWRtZWljIGFnZW50IHN0YXJlYXJz0gcJCc0JAYcqIYzv
>it should be noted that Princess Leia was a crazy terrorist cat lady
“If you tell a big enough lie, and tell it frequently enough, it will be believed.” –Adolf Hitler
Oakgnarl
Ok i admit I lied- she didn’t actually have a cat. 🙂
The rest , however, is canon acc to the movies.
Also… have you ever wondered what the context of those words was?
oakgnarl said,
“Stable coins are not as bad as a CBDC.”
I can see how a dollar tied stablecoin could be a blessing for someone who is living in some of these African countries, like South Sudan.
>I can see how a dollar tied stablecoin could be a blessing for someone who is living in some of these African countries, like South Sudan.
That’s a good point. In areas where the local currency is being rapidly debased, people are desperate for an alternative, and USD is the most recognized and accepted, being entrenched globally as a widely accepted medium of exchange and unit of account. So a pegged stable coin is much more likely to be embraced than other crypto assets as that alternative, which is unfortunate in that it supports the USA fiat empire, but also par-for-the course in the logical progression of crypto network adoption. Indeed this dynamic of 3rd world economies fleeing their local currency into stable coins I believe is the largest driver of stable coin demand outside of the digital asset economy, particularly by the unbanked which have little or no access to financial institutions. Even though I would prefer it if they would use satoshis (for instance over lightning network), or some other crypto network that avoids creating demand for fiat currency whatsoever (like ETH or SOL), entire economies can’t be expected to be “crypto pilled” all at once or very quickly, because, unfortunately, the shedding of ignorance only happens one-by-one at an individual level. People understand the value of the dollar easier than they do of some new-fangled “crypto” idea.
The embracing of bitcoin and crypto by the nation states and institutions was always par-for-the-course as well in any trajectory where crypto succeeds and sees adoption, as was the attempts to weaponize the technology by the usual suspects. It’s absolutely a mistake to conclude that the “ideals of the crypto anarchists have been betrayed and abandoned” by this development. That conclusion, IMO, demonstrates a failure to understand the significance of bitcoin as the technology that it is inherently, instead defining it incorrectly based on who is using it and the narratives around it. The hardest money ever invented, and it being in a digital form, where the economy is mostly digital based, is not something that is going to be ignored by the market, and thus CAN’T be ignored by even the largest institutional players.
The question is whether the technology, and it’s main purpose, particularly the digital economic self-sovereignty that it provides to individuals, can withstand any and all attacks, and attempts to corrupt it. So far so good, IMO. As long as bitcoin can’t be debased at whim, the network and protocol continue to function, and I can take custody of my private keys in a self-sovereign manner, the crypto-anarchist mission of bitcoin is a still resounding success, and one of, if not the singular best escape hatch and antidote for this planned and emerging digital economic enslavement, both individually and collectively. It’s not just “have fun staying poor”, it’s “have fun remaining in digital economic enslavement” for the people that fail to understand and embrace.
The problem is that everyone wants something for nothing…..we all complain about the rent seeking oligarchy but there is not one in a thousand people in the US, or the west generally, who doesn’t get a bit of the deficit spending pie.
The screeching from useless gov employees getting fired was bad enough but what’s gonna happen when EBT or your pension won’t buy your food? The Floyd riots will be nothing if that happens. The coof panic will be nothing in comparison
I think the libertarians are right when they say bad money courrupts society- even the crypto bros mostly talk about how rich they’re going to be when bitcoin goes ballistic. At the end of the day there is a reason that goblin Gates buys so much farm land and black rock buys houses….. real world assets generate real wealth. Finance does not.
Real chickens lay real eggs that you can eat or sell or trade to people who will eat them…..You can’t eat a blockchain ledger.
“At the end of the day there is a reason that goblin Gates buys so much farm land and black rock buys houses…..”
And here’s me thinking it was to lock us out of farming so we are forced to eat the fake ‘food’ and to lock us out owning a home?
The highest motivation the enemy can muster is merely spite after all 🙂
I don’t see how it can lock us out of farming- there is plenty of land for thise that want it in the USA. Most people just WANT to live in stupid cities or suburbs. They WANT to eat processed crap, because it’s honestly pretty cheep to buy real ingredients and cook them….people either don’t know how or must like the human feed.
Not thought about it as food denial- maybe he is hedge ing his bets?
I don’t think the fake meat or the bug farmis going anywhere these days- I’ve not heard anything about it or seen it.
It may be a mistake to think Gates hates us….he would have to deal with us on a human level for that. We thought about it and suspect He probably thinks of us as pests messing up his yard. Human rats, rather then stainless steel ones, lol.
This talk makes my brain hurt :-/
When I graduated high school in 1960 the dollar was worth $10.73 in 2025.
Lots of stuff cost less then a dollar…gas, milk, bread, movies, etc.
At 21 working in an office job at a paper mill I was making over $2000@month in today’s money. I drove a sports car, everything I owned was new.
Life was fresh filled with hope and optimism. Public life was quiet and “soft.” Women still loved men and were fun and very easy to meet. I don’t recognize the world these days.
I MISS THE OLD DAYS (song)
https://old.bitchute.com/video/o2Z7IlZLjadH/
Attachments only drag a man down. Letting go is a revolutionary act. The world is the way it is, and no amount of nostalgia or longing is going to bring back the glory days.
What are you doing NOW to make life better for yourself, or for your fellow man?
Humans are innovative and highly adaptable creatures, but only if they choose to be.
For every complaint, there is an alternative.
The most reliable alternative is simply to let go of the past, and focus on what is. Once achieved, there’s no limit to what a man or woman can do.
I’d like to hear a song about that.
I bet others here could also use some inspiration right about now.
So, what’ll it be, music man?
Up or down, what’s your plan?
>>Attachments only drag a man down. Letting go is a revolutionary act.>>
Socialist dialog?? Lots of various religious/spiritual/philosophical paths preach that hey?
>>The world is the way it is, and no amount of nostalgia or longing is going to bring back the glory days.>>
Judgement on my comment and talking down to me, why?
>>What are you doing NOW to make life better for yourself, or for your fellow man?>>
Recovering from months of pneumonia and replying to a stranger who feels the need to act like some sort of uninvited teacher or guru. Sort of like a bot or shill seeking evidence and soft spots.
>>The most reliable alternative is simply to let go of the past, and focus on what is. Once achieved, there’s no limit to what a man or woman can do.>>
Very sophomoric, late night coffee/wine philosophy as if I need it.
>>I’d like to hear a song about that.>>
Then write one.
>>I bet others here could also use some inspiration right about now.
So, what’ll it be, music man?
Up or down, what’s your plan?>>
As if you have listened to all 78 of my songs. I am soooo tired of people like you running your gums with absolutely positive or complimentary POV’s.
Glad you’re on the road to recovering from your illness, hope you bounce back better than ever.
My comment was not in response to just one of your posts. Most of the things you say here are of a similar vibe. I’m not the only person here who has picked up on that, and apparently I’m not the first person to mention it, either.
“I am soooo tired of people like you running your gums with absolutely positive or complimentary POV’s.”
I’m not sure what you mean by this. Are you tired of people who try to interject some positivity into the conversation? That’s pretty much why I bothered to comment, to offer a countering point of view. That’s what people do in comment sections. It’s not an attack. The fact that you perceive it that way reinforces the initial impulse that led me to speak up in the first place.
Let some light in, man. It won’t hurt.
It’s not all bad. Maybe consider that the rest of the folks here could do with a little less of the bummer vibe, and mix it up a little bit. Couldn’t hurt to try.
Nice guitar playing, by the way.
>>Glad you’re on the road to recovering from your illness, hope you bounce back better than ever. Nice guitar playing, by the way.>>
Thank you.
>>Most of the things you say here are of a similar vibe. I’m not the only person here who has picked up on that, and apparently I’m not the first person to mention it, either.>>
Guess you have been doing some research on me?? The only “vibe” of my intention is to get people to wake up and break free of the controller’s propaganda and mind control machine. Not sure what you think my “vibe” is but with over 50 years of no TV watching or participation in the pop culture offerings. I am free of most of the hooks and such of the corporate cartoonification mind machine.
Basically I can’t care what others think of me and my approach to life since most of them are in Plato’s Cave mumbling about the shadows on the wall (main stream/pop culture nonsense.) If you spend some time and look/listen to my offerings at my web site you would/will discover I cover a wide range of social/political observations.
>>“I am soooo tired of people like you running your gums with absolutely positive or complimentary POV’s.”>>
Typing error, should have had “…with absolutely no positive..’”
>>Let some light in, man. It won’t hurt.>>
Our history is our foreseeable future, since neither the beliefs and practices, nor the controllers profiting from it have changed and the weapons of mass distraction have only gotten more efficient. So why should I not continue to talk about the “elephant” in the room since it is still there, shape shifting and sucking people into its madness?? Someone has to be the elder, the adult in the room.
>>Maybe consider that the rest of the folks here could do with a little less of the bummer vibe, and mix it up a little bit. Couldn’t hurt to try.>>
>>”Bummer vibe” 🙂 that 60’s language was used on those of us who were anti-war and anti- corporate activists. This is one of the people I hung out with spreading “bummer vibes.”
JOHN TRUDEL MAY 1980 (speech)
https://old.bitchute.com/video/FBo2nzK6ky2X/
John Trudel is the man, a young lady on substack has been introducing his work to her audience, and that’s how I first heard of him. Danged interwebs!
Elephants exist. We’re all here because we see them, and can discuss our perspectives, hopefully in a constructive manner, and maybe even build one another up from time to time.
Do your thing, Doyle, and I’ll do mine.
Sending good vibes your way (whether you want them or not, you old curmudgeon)
PS did you listen to the Kacey Musgraves song I posted? Got an opinion?
I remember giving John a ride from an AIM meeting in Berkeley, to his place in SF when we were working on the Long Walk in 1980. We were sitting on the stoop and came to a quiet place in our conversation and I looked at him and thought how great it was being able to share ideas with such a brilliant mind.
My sharing of life observations, etc. is and has been for most of my life, unfiltered within reason. A lead guitarist of mine sent a post card to me while he was on vacation that said:
“Forge simple words children can understand”
I have no desire to entertain, prove how smart or well read I am, etc. to anyone here. Thanks to James’ this is the only place I can be this way as I have been canceled and banned, etc. from most of the other sites by the comment cops for “wrong speech.”
Indeed, that great saying from the 60’s had different emphasis DO your own thing, do your OWN thing, etc.
Catching your vibes with great appreciation.
I replied to your Musgraves post with a link to my song “Blues in the Pulpit” as I don’t believe in any creation myths. I cover that in one of my essays regarding the mind control used on us.
Basically religion is the “business” of spirituality to gain control over others. Spirituality is the honest amazement at the magnificence of life with no rule books or demons or gods.
Thanks for sharing your ideas, not a regular thing here for me to have anyone chat with me.
ejdoyle: I’m your age and I have always been “I stranger in a strange land”, e.g., an atheist at 8, brutalized by teachers, expelled from school at 9, 10, for questioning indoctrination rituals, expelled at 13 for questioning my socialist teacher who misrepresented capitalism; I was an anarchist at 11 who quit my job when I saw taxes withheld. My religious/socialist parents didn’t dictate my beliefs, I DID. I read a lot, fact and fiction, loved Mark Twain, the encyclopedia, math was sanity in an insane world. I found Ayn Rand’s Objectivism in ’66, which saved my life by giving me the key to metaphysics, epistemology, ethics, politics/economics. I became a “gold bug”.
The U.S. Empire will crash, TPTSB (the powers that shouldn’t be) have insulated themselves, economically, but will be traumatized by loss of control. Me? I won’t exist. And I won’t see if the voluntaryists establish a “Galt’s Gulch”. Or, if Mars and moons are colonized. I won’t see if our species becomes civilized.
@ Voluntaryist
>>I’m your age and I have always been “I stranger in a strange land”, e.g., an atheist at 8, brutalized by teachers, expelled from school at 9, 10, for questioning indoctrination rituals, expelled at 13 for questioning my socialist teacher who misrepresented capitalism; I was an anarchist at 11 who quit my job when I saw taxes withheld. My religious/socialist parents didn’t dictate my beliefs, I DID. I read a lot, fact and fiction, loved Mark Twain, the encyclopedia, math was sanity in an insane world. I found Ayn Rand’s Objectivism in ’66, which saved my life by giving me the key to metaphysics, epistemology, ethics, politics/economics. I became a “gold bug”.>>
Perhaps that is true. I have found in my life experience that most people for various reasons or needs of attention, etc. attribute similar astounding early life insights and observations, etc. to establish a fallacy of Appeal to authority (argumentum ad verecundiam) – where an assertion, insight, etc. is deemed valid because of the position or authority of the person asserting it. IE: Because I have been so “awake” for so long, I must be superior or believed. (See following predictions by you…)
>>The U.S. Empire will crash, TPTSB (the powers that shouldn’t be) have insulated themselves, economically, but will be traumatized by loss of control. Me? I won’t exist. And I won’t see if the voluntaryists establish a “Galt’s Gulch”. Or, if Mars and moons are colonized. I won’t see if our species becomes civilized.>>
I had no childhood of deep thought and exploration into social construct and machinations. I was very creative and an artist at many levels until a shift in consciousness from LSD in my 20’s and growing up in the SF Bay Area during the 60’s with lots of folks offering information to alternative thought and historical truths.
I don’t know what is going to happen “in the future” beyond the factual observations of societal directions of greed, narcissism, cowardice, and addiction to social media, SMART tech, celebrity worship, etc. that all seem to lead to possibilities of dark outcomes.
My music and essays are much like a reporter’s observations, not a guru or teacher. This song from April, 1978, came from reading books in college like “1984” and using “teacher plants” to explore my consciousness. I made a connection of the growing amount of public cameras at the time and could see their future misuse as predicted.
GLASS EYES WATCHIN’ YOU (song)
https://old.bitchute.com/video/8V5RDcAQlpR8/
Ejdoyle
If you ever want to know more about narcissistic society you ought to read Lasch’s book “culture of narcissism” – it pretty much predicted today long before it actually happened
Hope your fully recovered now btw.
@Duck
Thanks, I am about 65-75% back to normal. Still on 24/7 oxygen :-/ but strength and systems on the mend. Even working on some new songs, but I tell you, got my butt kicked on this one.
Thanks for the recommendation. Yeah, I was a psychiatric social work specialist back in the day years before it was officially recognized.
But we knew all the symptoms…
Over sensitive to perceived criticism, anger control issues, lack of or no use of empathy, attention through victim hood, blaming others, don’t want to listen, just want to tell, etc. that were known by Freud and others.
Because our society is so damaged with it they tend to de-legitimize elders who were here before the dysfunction took place. This is where cognitive bias and dissonance, and confirmation bias rear their ugly heads and “Egregore” (group think) kicks in, especially with Internet anonymity the name calling and cancellation krap goes on.
Try to tell them they are not smart because they have a SMART phone but they are so addicted now it is really difficult to get through the short attention span, poor reading skills, poor vocabulary, etc. Today’s America is a place where logic and reason no longer apply.
In case you haven’t listened to this one:
WHAT NEEDS TO BE SAID (song)
https://old.bitchute.com/video/lMHyu4q52X3Y/
<Yeah, I was a psychiatric social work specialist back in the day years before it was officially recognized.
But we knew all the symptoms…
So, what are the symptoms of being a 'psychiatric social work specialist'?
Sounds serious…
Just messing around, grazing on the low hanging fruit. It's good fiber keeps a man reg'lar.
Hope your recovery is gaining momentum, hope the new composition brings you many tusks for the wall.
I loved to visit North Beach, ’60s, driving 2 hours from Sac. to browse the book stores, take in the culture, e.g., Hungry Eye? I got to see Lenny thereby discovering real, honest “stand-up”.
Great lyrics, all your songs. I was struck by “Who are you?” It reminded me of 1980, standing in front of a mirror after a hit of “free-base+hash” and shouted that at myself over & over.
As for identifing things outside my control, it helps me determine what I need to know, seperate fact from falsehood, e.g., what politics is moral.
My conclusion: I alone am responsible for governing myself, my decisions, my life. If I got that wrong, I wasted my life and there are zero “do-overs”. Mistakes along the way are part of life, my “life lessons”
If anyone complains about politicians fucking up their life, I would ask: “Why did you let them?” Or, as Bob Dylan sang: “Trust yourself!” – My favorite song.
@Voluntaryist
>>I loved to visit North Beach, ’60s, driving 2 hours from Sac. to browse the book stores, take in the culture, e.g., Hungry Eye? I got to see Lenny thereby discovering real, honest “stand-up”.>>
Same here for the Eye and Lenny. Was it them who had a “green glass” section for folks under 21??
Literally ran into Gov Jerry Brown at City Lights Books on day:-)
Hung out at the Art Institute in North Beach.
So you came in on the levee roads to cross at the Crocket bridge? I lived there and grew up in Antioch and dated a gal in Sacto and would drive the levee roads in my Austin Healy Sprite.
>>Great lyrics, all your songs. I was struck by “Who are you?” It reminded me of 1980, standing in front of a mirror after a hit of “free-base+hash” and shouted that at myself over & over.>>
Thanks. Yeah, Who Are You, like I said, a drunk teen having one of those deep moments as well.
>>My conclusion: I alone am responsible for governing myself, my decisions, my life. If I got that wrong, I wasted my life and there are zero “do-overs”. Mistakes along the way are part of life, my “life lessons”>>
Yep. You got it. I have an extra license plate frame on the back door of my van for messages. Right now it says:
Pay Attention, Not Consequences
>>If anyone complains about politicians fucking up their life,>>
Yeah, that victim mentality is rampant in our society.
>>I would ask: “Why did you let them?” Or, as Bob Dylan sang: “Trust yourself!” – My favorite song.>>
I’ve never heard it. Then again with 50 years of no TV/Movies, etc. the pop culture is a mystery I have yet to explore. Hence, no favorite commercials, characters, sayings, etc.
This is my favorite song from my Hollywood Daze, co-written with Bruce Atkinson:
WE GAVE IT ALL AWAY
https://old.bitchute.com/video/oeNUYHh93smr/
Kacey Musgraves – The Architect (Official Music Video)
https://www.youtube.com/watch?v=UJ4LAE2HpCg
@glamdring
BLUES IN THE PULPIT (song)
https://old.bitchute.com/video/q8ZG6femxLgj/
Musgraves is an agnostic, and the very last line of the song poses the question, “is there an architect?” That’s why I picked that song.
I play hand drums, but only as a supporting role, not much of a lead. I prefer to listen to those who actually know what they’re doing.
It just “felt” like a Jesus song to me.
I make music instruments. Wrote a book on tribal stuff that includes how to build a bunch of them.
I play an Ushiwa Daiko, Japanese hand drum I made that sort of looks like a tennis racket. The kind the Japanese Monks and Nuns play on the street.
In the 60’s we used to get pie-eyed and a living room full of us would play rhythm stuff on anything that resonated. So many times we would all end on the exact same beat.
EJ
DMSO is a natural extract of wood, and one of the most suppressed remedies of the past century, now making a comeback thanks to folks like this:
https://www.midwesterndoctor.com/p/dmso-heals-the-lungs-and-cures-chronic
I figured if you’ve had such a rough go of it with pneumoniae and still haven’t bounced back, this might give you the edge you’re looking for. DMSO is a potent solvent, so you have to be extremely careful in using it, especially in regards to contamination, but if handled and used properly, pharmaceutical grade DMSO is nothing short of a miracle for so many conditions.
If you’re up for trying it, I’d be happy to send more information. I buy it by the gallon (@$130), use it topically when needed (especially for burns) and also take a tablespoon mixed in organic fruit juice every day. You can get a 4 oz bottle for around $20, and if you decide to use it in a nebulizer, those cost about the same – you just need to know what materials the contact parts are made of, because DMSO reacts with certain materials but not others. It might sound like a lot of trouble at first, but the results most people have make that look trivial in comparison.
Elephant hunters need their lungs.
Glamdring
I am not a chemist but I have heard that DMSO can be dangerous in high O2 environments.
I read that the “toxic lady” who gassed an ER with body fumes may have been using it, and the 02 changed it and she ended up gassing a bunch of people in the emergency room.
https://en.m.wikipedia.org/wiki/Death_of_Gloria_Ramirez
Again, not a chemist here 🙂 , but the case was super interesting on its own merits.
I call that “Mexican food.”
It passes eventually. Opening windows is helpful. Hospitals are dangerous places, no matter what’s on the menu.
Thanks.
After weeks in an ICU electronic bed with the medical establishment nearly killing me, no really, I am in a KISS (Keep It Simple Stupid) frame of mind about my body.
Since I am off the grid I have good water, friends with chickens drop off bright orange yolk eggs, etc.
While I worked as an Army Medic and then as a hospital orderly after my discharge I hadn’t been in a hospital as a patient ever. It was frightening. Lost about 15 lbs from refusing to eat the sh*t food; had BAD sleep deprivation from the constant waking up for “treatments” during the night, etc.
On return to my place I slept 16, 12, and 16 hours the first three days.
Metaphysically I had an interesting thing happen the other day. Nice weather, door open, screen ajar and as I started to call my friends about picking me up for a primary care appt a snake slid in through the screen door opening. It hung for a while and then slipped back out.
I looked up the meaning of snakes and it is about healing, creativity, and death of something in one’s life. So when I did my nightly drumming I thanked the Universe for the good sign.
Right now my biggest concern is the 24/7 oxygen. I stopped spitting up stuff on the 20th and my wbc count is normal so I am quite sure there is no more infection in my lungs. But I can’t go more then 20 mins w/o the O2 dropping to low 80’s (should be 90’s)
Land, water, friends and eggs.
Sounds like a song.
Glad the cell count is good, that oxygen count is definitely in a concerning range. I won’t offer any more unsolicited advice.
Give em hell, I reckon.
Since you missed a few decades of music…
https://www.youtube.com/playlist?list=PLD9WLinkyEmiszgcep1JwUCkU2fwjLwUX
Jimi Hendrix, “Blues”
Just a note to let you know I looked at the info. Seems quite promising. I have an appt with my VA Primary next week and I am going to see if the VA is open to setting up a nebulizer for DMSO for me.
Thanks
Language will be an important part of the new system. If all the words and meanings are reduced to single letter acronyms then an imbalance is created. We need a solid foundation of understanding in the crypto sphere. Anthoney Burgess wrote in his dystopian novel A Clockwork Orange about the reductionism of word meaning. To the point where the understanding of language becomes a code known only to a few insiders to throw off the understanding of the many. This creates a huge disadvantage for the majority of people lost as an American in Paris. Ripe for the pickings.
Here’s two examples;
1 ) they are through with your financial situation, they threw you in the garbage heap and through that you know where you are.
2 ) USCD is defined as a USCD Token ,the largest in the world . The RFD of security is delivered by private EDTS to a most effective and efficient cost of less than $.01 per transaction fee. It costs $.03 to wash a dollar bill and some $.15 to manufacture. The physical dollar is the buggywhip of the past. There are 375 different acronyms of exchanges for converting paper for Crypto , all are not equal by any means . Pick a letter or series of letters that are defined by the letters and don’t ask any questions, you should know already. If you don’t speak the language you will be threw and through.
How much energy? Cost of that energy? Is there stored value in crypto?
Lynette Zeng, economist explains. Language that we can agree on.
https://youtu.be/fiKLzJ1DTEk?si=FIgE6L9ph3OEiPMJ
Gbw
“…. Is there stored value in crypto….”
Is there stored value in any money?
Maybe if it’s a stone tablet that you can get back a sack of grain from the granary……?
The idea of stored value is a red herring most of the time because the value is only stored if people want the thing in the future….i have a some old computers that would have cost a lot of money back in 2000 but no one is gonna pay me big bucks for them today. Same with property in Detroit…no one wants it…..I knew a guy who for real bought toy cars that he was convinced would be collectible when he was old and planned to use them as a store if value for his old age. He might even have been right, lolol.
Like wise the Gov could decide that having gold or silver is a crime and almost no one would take it for anything.
Stored value is mostly a “social construct” and I can sweat all day for a silver dollar but there is bo way to get that energy back unless I can find a dude who will actually swap work for it.
Duck, Duck ,Duck ,Duck Duck , Duck , Duck.
Say seven ducks in a row. Did you listen to what Zang said. I can’t make that connection with what you dismiss. Gold and silver have been representing stored value for thousands of years. Full faith and backing. That being, to what ? Plastic cars? or Carrots and potatoes? silver and gold symbols. Faith is hope but backing is reality. Try listening to their conversation on stored value and lying rhetoric. Labor completed, done, is now surplus, value in the past must then be money. Silver and gold were chosen long time ago. And I will work for you Tuesday for a hamburger today. That to me is usery. And when I don’t show up on Tuesday , Jewery. That social contract is old and was reasonably settled long time ago. Then what happened? Arron Burr should shoot Hamilton twice. Real money is priceless.
The Name Game!
duck, duck, bo-buck,
Bonana-fanna fo-(what?!)
Fee fi mo-muck
DUCK!
Now, let’s try “generalbottlewasher”…
glamdring
” Let’s not and say we did.”
You are no ManBearPig. So what relevance to open source does your comment have? The medium is the message. Part and partial of this medium is the comment section . What metrics can be squeezed out of this weighted appendage. Is there a way to search ? Is it searchable as say Corbett’s work is searchable ? Corbett has not said a whole lot on the subject , seems to favor his work over comments of compulsive responders. If the goal is confusion and chaotic irrational thinking is the response to the “news”, then a better system could not have been devised then the comment section. It is a part, by weight alone even if it is just overburdened dirt and no gold. Saying and repeating ideas in “another’s words ” just to stoke the ego destroys the message. The Tao of Whinny the Pooh explains that. Mind control of the group is best controlled by a group picture. Actually painting a picture by community. It always turns into a incoherent mess of competing egos . Just look at the pile of data that is sitting somewhere of the comment section, but you can’t… I asked James this question years ago. He didn’t know of any. A virtual community multi layered Omni view of reality. Distorted by layer upon layer of of artistic reinvention of the wheel . Where is that data? How can it be used?. Queer ways indeed EJ
A prime example. The wood gnome game of chance.
https://youtube.com/shorts/0PsNhaL7Paw
Actually, the Name Song is open source. And quite durable.
Not all comments will retain their value seamlessly. It’s a variable rate type deal with one chap investing a great deal of interest, another’s abstinence indicating the road to zero where hyperego meets hyperinflation and, whether a bull market or a ManBearPig market was expected, bubbles happen and bubbles burst, man, but it’s not that the razor edge of truth is wielded with evil intentions. The flatulence is released. Ahhh. Open a window, let it pass, and let the sunshine and breeze do their thing. Kinda tingly. We’re all outkasts here, and who the hell else is going to engage with the ones who never turn the flamethrower down to “pilot”, eh? But flamethrower man IS a real boy, not a pile of wood, and he’s here because he actually does know that we’re really all fireproof. Can’t find those on just any shelf, fairly rare in the genpop.
Boys have a penis and girls have cycles in cycles.
As it should be.
But the minds and hearts of men and women are of another nature.
A compost pile is a beautiful thing. Once all that stuff has been separated from last night’s dinner and properly arranged, tossed about a bit, and left to air out, everybody sees how beautiful, desirable and advantageous it is. It always was.
Nothing is wasted among such outkasts. We’re all starving, and we know where to plant seeds. We know the importance of feeding the mouths across the table. You don’t like broccoli, boy? Well, I don’t like enemas but I sure like the way I feel afterwards, so thanks for the lemon juice, sir. I’d offer to return it but I’ve got a compost pile that’s thirsty, so if you’ll excuse me I have flowers to tend to.
No fancy encryption keys needed, it’s all love, big poppa.
Hydrologically sound, from root to tip.
Mileage may vary, but the fuel is good.
glamdring
Excellent example of pheltching the comments section .
Ok ,finish it off Duck.
Armageddon ! Armageddon!
*no gerbils were harmed during the production of this movie
– I’ll see your Armageddon, and raise you a Winnebago
Data is the new KY jelly.
“Apply liberally,” the new safe word, Armageddon now both irrelevant and never ending. Mad money, mo’ money.
War is hell. And full of jagged little pills – red, white, and Napoleon Blownapart like Humpty Dumpty. But they didn’t have DuckedApe, so we’re miles ahead in that disrespect.
Gold was seen as valuable because they knew the gods liked it. They preferred being slaves and the gold was a down payment on the Return of the benevolent slave Kings their grannies oohed and aahed over. They got conquistadores instead but at least the beards weren’t glued on. Just as real as the blades.
Money is sound like “cha-ching!”
Melt it down, shake after drinking, hair of the dawg, we all know the drill.
The dirt IS the gold.
You dig?
Gbw
“….Gold and silver have been representing stored value for thousands of years. …”
To paraphrase someone I heard once- Just because something is a three thousand year bubble doesn’t make it “not a bubble”
Gold and silver are worth exactly as much as pretty shells or big round rocks or casino chips or USD….they are worth “what someone else will give me for them”
Sure, gold and silver is probably gonna still be “of value” when bitcoin and the USD are footnotes in history but they have no more intrinsic value as “money” then the latter do.
Just as the Gov can make dollars useless they can make Bitcoin and gold rubbish methods of exchange by rigging the system. Even today good luck buying groceries with silver coins….you will be loosing a lot of the value just because the merchant doesn’t want them. Same with bitcoin- sure you “can” only use metals or bitcoin to buy stuff but it’s a real PITA most folks won’t bother with.
“….. Faith is hope but backing is reality….”
Backing is the faith people want the medium of exchange. Do you personally have a use for gold? Are you a jeweler? Do you make electronics?
There are many layers to reality, and at the baser levels of reality when the complex systems are not working a bag of rice is more useful to you then a bar of gold.
“Real money “ is a social construct, not objective reality. Like I said before, Tally Sticks you can pay taxes with are as hard a currency as gold is.
“…Saying and repeating ideas in “another’s words ” just to stoke the ego destroys the message…”
I disagree- I have often missed the point of someone’s words until hearing them a second or third time, and I love that on YT there are many people telling you the same thing in different ways.
BTW thanks for the ego boost of calling my words here “work”, it makes me feel much more important then I actually am.
Gbw
“…..value in the past must then be money….”
Thats clearly rubbish.
I can not spend a Roman coin as cash money can I?
If the value of that coin was in the work done then it would always be money, rather then a curio or source of metal.
Like wise I can spend hours hand drawing a hundred dollar bill , but it’s not legal money either is it?
Duck,
Only if their is a market . Trade your handmade hundred dollar bill for say , food. Or tulips.
The handmade dollar is no different than Picasso’s hand painted pictures. He once traded a painting for an American built car. He found a market.
Destroyers of markets come and go and those reasons I would love to study and know more about. Except for one thing, money is the source of most if not all evil. I avoid that like swimming in septic tanks .
Would you throw Molotov cocktails in a food market that only took old roman coins ? I certainly see why economics is the dismal science.
“…. Would you throw Molotov cocktails in a food market that only took old roman coins….”
That’s a very odd question. I neither drink nor throw cocktails, lol
Something that Mark left out of his description of the current stable of stablecoins is the type of protocol they use.
Bitcoin and the earliest cryptocurrencies used what is called ‘proof of work’ (PoW) protocol. As we saw the incremental adoption of cryptocurrencies by institutional financial actors, we saw many cryptocurrencies make the shift to what is called ‘proof of stake’ (PoS) protocol.
https://www.geeksforgeeks.org/techtips/difference-between-proof-of-work-pow-and-proof-of-stake-pos-in-blockchain/#
What is Proof of Work (PoW) ? The term “proof of work” was coined by Markus Jakobsson and Ari Juels during a document published in 1999.It is related to bitcoin. Proof of Work (PoW) may be a protocol designed to form digital transactions secure without having to believe a 3rd party. This work builds on previous puzzle solutions. PoW may be a way of verifying current and past transactions. The work that goes into solving puzzle generates rewards for whoever solves it called it as mining. In other words, this is often an algorithm that’s designed to verify transactions and obtain new blocks added to blockchain. With Proof of Work, miners are competing to be primary to finish a complex mathematical puzzle which will generate this new block, meaning that they’ll be ready to collect some new Bitcoins as a rewards.
What is Proof of Stake (PoS) ? Proof-of-stake is a consensus algorithm that decides on who validate next block, according to how many coins you hold, instead of miners cracking cryptographic puzzles using computing power to verify transactions like they do with traditional Proof-of-Work.
Basically, proof of work ledgers make it very difficult, if not impossible, to change the transactional history of the ledger. Whatever happened, happened. If someone wants to take your PoW based coins, they pretty much have to gain access to your wallet, and that requires the wallet owner to either make a mistake or cooperate.
Proof of stake is the “stakeholder crapitalism” model. The whales make the rules as they go. If the ledger shows that coins ended up in the wallet of a ‘bad actor,’ or someone they don’t like, if they reach a consensus they can erase the transaction and the coins from the wallet. They can edit the blockchain, and there’s nothing anyone can do about it. This is the golden lever of ‘sustainable development.’ This is the ‘ESG compliance’ stick.
I understand why he may have felt that this was not a priority for a brief interview with a nontechnical audience, but I think those who understand the difference have an opportunity to explain it to others. It’s important to know the mechanics of how one is getting screwed, methinks.
PoS, indeed. Stakeholders hold the stakes.
Don’t let them stake out in your wallet.
Monero and precious metals, FTW
For all those who have already, or are considering following Derrick Broze, Jeff Berwick, or Max Igan to Mexico (all I can say is “I TOLD YOU SO!!” and running is never the answer):
https://www.biometricupdate.com/202507/mexico-makes-biometric-identifier-mandatory-for-all-citizens
Mexico has officially introduced a digital identification system by signing a law that turned the previously optional biometric-based citizen code into a mandatory document for all citizens.
Last month, legislators approved amendments to a law related to the 18-character personal identifier, known as Unique Population Registry Code (Clave Única de Registro de Población – CURP), with the change formalized on Wednesday through a decree.
The mandatory CURP will contain personal and biometric information, including a photograph and a QR code containing biometric fingerprint and iris data. The identifier is expected to be introduced gradually to all Mexicans by February 2026.
The government has also allowed the consolidation of the citizen codes into a single identity platform that will be connected to other state databases and administrative records. According to the decree, the Ministry of the Interior and the Digital Transformation Agency must create a Unified Identity Platform within 90 days, while public and private institutions will be required to update their system to recognize the identifier.
The country also plans to kick-start a national program to collect biometric data from children and adolescents within 120 days, according to news outlet Mexico Business.
🙃anarchist’s paradise🙃
Good job, guys.
Should have stood your ground.
You’re now living in Greater Israel.
https://patrickwood.substack.com/p/trump-the-technocrat-releases-americas
Excerpts:
*The White House has just released its official policy document, America’s AI Action Plan, defining the future of AI development.
*The second pillar includes a comprehensive scheme for AI literacy and workforce retraining. At first glance, investment in skill development and rapid-response training may appear benevolent. Yet the Plan prescribes a narrowly defined set of competencies—data labeling, model auditing, grid operations—determined by federal projections of industrial demand. Such top-down workforce engineering tracks precisely with technocratic ideology, which regards citizens as variables in an optimization problem. Rather than empowering individuals to shape their own vocational paths, the Plan channels labor into predetermined slots within a digital economy overseen by experts.
*Biosecurity on Steroids
The last item on the last page of the Plan contains real paydirt for Technocracy and Transhumanism:
*Require all institutions receiving Federal funding for scientific research to use nucleic acid synthesis tools and synthesis providers that have robust nucleic acid sequence screening and customer verification procedures. Create enforcement mechanisms for this requirement rather than relying on voluntary attestation.
Led by OSTP, convene government and industry actors to develop a mechanism to facilitate data sharing between nucleic acid synthesis providers to screen for potentially fraudulent or malicious customers.
#smellslikeBorgspirit
#makeAIgodagainMAIGA
Sounds like a complex form of money printing, but even worse. Also, I am puzzled as to why so many think that we can just change the price of our gold reserves to eliminate our debt. I know the arguments and I don’t have time to elaborate, but it will never happen, nor could it happen for a lot of reasons.
> I am puzzled as to why so many think that we can just change the price of our gold reserves to eliminate our debt.
Me too. It makes no sense, and no one that floats this idea ever bothers to explain the details of how it works. This rhetoric is clearly in the baffle-them-with-bullshit category. Just another sound bite you are suppose to tacitly accept without thinking or asking too much about.
Also, similarly, I am puzzled as to why so many accept the national debt as legitimate, much less as “ours”, and don’t call out the BS of obfuscating and legitimizing the fraud of money printing by calling it “debt”. It drives me crazy that everyone even uses the term with a straight face.
Oakgnarl
They “could” do it but it would, in practice, just be defaulting in a legal way that balances the books. I think Mr Titus once said that the whole system is addicted to endless fake money.
The law says that the only “real” US money is minted by congress- theybwill never do it but legally speaking they could mint silver coins denominated in the amount of the debt and pay the debt. Since it’s “real money” the holder of the debt would have to accept the coin in payment…..I don’t know what that would do to everyone else’s money but probably nothing good.
The fantasy of gold being a billion bucks an oz is less wonderful when a billion only buys what two grand used to buy. Every ones savings in dollars would be toilet paper.
But, legally speaking, If the Gov said that the legal price of gold was a million bucks an oz they could “pay off” the debt in gold.
The duck quacks the truth:
https://en.m.wikipedia.org/wiki/Trillion-dollar_coin
The trillion-dollar coin is a concept that emerged during the United States debt-ceiling crisis of 2011 as a proposed way to bypass any necessity for the United States Congress to raise the country’s borrowing limit, through the minting of very high-value platinum coins. The concept gained more mainstream attention by late 2012 during the debates over the United States fiscal cliff negotiations and renewed debt-ceiling discussions. After reaching the headlines during the week of January 7, 2013, use of the trillion-dollar coin concept was ultimately rejected by the Federal Reserve and the Treasury.[1]
– but they could do it…
>use of the trillion-dollar coin concept was ultimately rejected by the Federal Reserve and the Treasury.[1]
>
>– but they could do it…
This is basically the argument that they could just print the money to pay off the debt, but of course that begs the question if they have the ability to just print money debt free to pay off the debt, why do we even have to “borrow” in the first place? By printing money to pay off the debt, the scam and illegitimacy of the “debt” could not be laid more bare, no wonder they rejected the idea lol.
>But, legally speaking, If the Gov said that the legal price of gold was a million bucks an oz they could “pay off” the debt in gold.
Whom exactly are the “debtors” to which the debt is owed, and would they necessarily accept gold as payment? Especially at that gross overvaluation? Of course they couldn’t get that price on the market by trying to re-sell the gold, so they got ripped off big time. Also what happens after the debt gets paid off when the government wants to fund the next war? We just start racking up more “debt” again that can be paid off with an arbitrary amount of gold via declaring the value? To me, these questions just demonstrate how silly and fraudulent the notion of the “national debt” is.
Besides, as far as I am aware, the recent talk is only of “revaluing gold certificates” (as suggested by Cynthia Lummis, which is just code for printing the money to cover the difference as far as I can see (from the original valuation they are “held at”), never mind “budget neutral” lol), not spot holdings, and only to the valuation of current spot gold prices. The government can NOT set the price of physical gold arbitrarily. Once upon a time they could do that when the currency was pegged and they could declare how many dollars you got for a given amount of gold, but now that there is not even a pretense of a gold standard, I don’t see how the government has any ability to set the price of gold whatsoever by any kind of legal mandate. Gold price is now purely a balance between buy and sell pressure in the open market, like anything else.
Oakgnarl
“….Whom exactly are the “debtors” to which the debt is owed, and would they necessarily accept gold as payment….”
THAT is an interesting question….but most people are probably thinking of people who buy the treasury bonds.
With the caveat that I DONT think the Gov will do it….
The creditors would NOT be accepting “gold” as payment…they would be paid in a COIN (of gold) which is legal US money. They would have no choice but to accept it, just like Uncle Sam has no choice but to accept taxes paid with notes that are good for “all debts public and private”.
The fact that the coin was worth less then the debt owed if melted down doesn’t matter….hiw much is the paper on a legal tender note worth? lol. The UK gov before the Bank of England used to issue wooden “tally sticks” in return for stuff and then take the stick as payment for taxes.
Money is what the guy with power says is money.
As to the price of gold…the US Gov can (and HAS) set the price of gold. FDR would fiddle with it all the time.
There is precedent and who exactly is going to tell them they “cant” set gold at a grizzion an oz? But the flip side is that a grizzilion dollars now buys about what 1oz of gold buys and everyone with savings is broke
But you get to the heart of the matter talking about “the next round” of borrowing…..because using a legal trick to default oin the debt would destroy any incentive to lend the US money ever again.
>THAT is an interesting question….but most people are probably thinking of people who buy the treasury bonds.
Interestingly, no one thinks of people actually lending the government money in the normal sense… (much less the Fed). If only the government was actually limited in its funding by the number of bonds it could sell to real people, am I right?
>The creditors would NOT be accepting “gold” as payment…they would be paid in a COIN (of gold) which is legal US money.
So, this is distinctly different than legally mandating the price of gold and paying off the debt in physical gold. It’s basically printing the money to pay off the debt, similar to the “trillion-dollar coin” idea mentioned above.
Printing money debt free to pay off the debt exposes the scam of the government “borrowing” money. Why would they ever borrow and go into debt if they can just print the money debt free at whim to begin with? The narrative doesn’t jive with their so-complex-no-one-understands-it explanation of how things are suppose to work and exposes the fraud.
I’m pretty sure the whole idea for the ruling class is that we remain perpetual debt slaves by being tricked into accepting this “debt” as “ours”, so actually making it go away by exposing or admitting its fraudulent nature is not attractive, and “paying it off” will only ever be lip service, nothing more.
Oakgnarl
Well, I did caveat that I didn’t think they would actually DO the magic coin trick…..unless we have some very weird circumstances happen the Gov likes endless money.
That said the US DID actually borrow money up until recently- the Chinese were buying US debt until some time in the 2010s iirc and plenty of people bought (amazingly still buy) Treasury notes. It’s only been the last few years they they have been forced to buy debt their own debt by printing money, which is kinda like trying to satisfy your hunger by eating your own guts (I have ni idea if sharks actually do that but it’s a good visual)
Iirc the British built a whole empire based on being able to print magic money and outspend everyone else – it worked ok until the middle of ww2 when they became functionally bankrupt and had to give the US all the Gold. Fiat for countries is like amphetamines for soldiers- great in the short run bad in the long.
The Fiat system is kinda a symbiosis between greedy bankers wanting to rent seek from the magic money and stupid politicians wanting to spend endlessly….but both groups need regular people to use their money (like paying tax wiyh Tally sticks or buying oil wiyh the petro dollar) so (like we agree on) they won’t deliberately crash the value by minting a coin. The system will collapse first, and this stable coin thing looks like a rather poor stop gap, duct tape and chewing gum solution.
>The system will collapse first, and this stable coin thing looks like a rather poor stop gap, duct tape and chewing gum solution.
When the world stops being interested in “buying your debt” (creating demand for the fiat currency you print), and there is the looming prospect of catastrophic breakdown of trust, ultimately breaking your money printer, and it’s just a matter of time, the writing is on the wall, you have to lean into whatever you have to prop up that demand for as long as you can, even if all you have is bubble gum and bailing wire lmao.
This is why we are seeing talk of big retailers the likes of walmart and amazon starting their own stable coin. Again, the good part about that, IMO, is that it exposes people to the very crypto networks that can provide non-fiat alternatives. Where the difference between fiat and non-fiat based assets are in your face, (especially if they start freezing and programming), and the option to move your money out of the fiat based assets, out of their control, just a click away.
Great points oakgnarl!
oakgnarl
What happens when the ability to click (use the internet) is no longer an option without a cattle tag?
Do you own a private global internet infrastructure?
So there’s no real store of value in cryptocurrencies.
At best, privacy coins such as XMR are good for making private transactions with people who live outside of your local community. But it’s not a store of value in the long term. Neither is BTC.
When a digital ID is required to log on to the internet, a person will either need their own infrastructure or otherwise have to take the cattle tag in order to keep playing. Other than that, you just lost the ability to buy, sell and trade those coins.
You might see hardware wallets that link via wired connection, but this requires person to person connection. Any hardware wallet that connects to the internet is going to be targeted. Mesh networks will be targeted. Full spectrum dominance is their ongoing mission.
There are possibly a small number of tech savvy geeks who will temporarily find ways to circumnavigate some of the control mechanisms, but the system will keep adapting as well, and what good is a digital currency if there is no trade volume.
The digital divide is going to be sharp and vast.
Digital cattle tag slaves on one side.
Sovereign beings on the other.
The entire digital realm as we know it – it is both carrot and stick.
Sooner or later, each person will have to make that choice.
I made mine a long time ago.
>What happens when the ability to click (use the internet) is no longer an option without a cattle tag?
That’s an “if”, not a “when” for me. A big one at that. For the same reasons we have the open-access internet that we have today, I believe it is most likely that we continue to have it into the future. Market demand for the internet we have now is enormous.
For me, bitcoin and crypto is more about what if the electrical grid, the internet as we know it, etc. doesn’t go down or get locked down to that degree any time soon? Digital communication has tremendous advantages, hence why we are even using it to communicate right now, and this is why I expect the economy to be more and more digital going forward. For me the issue is about understanding, obtaining, and supporting digital self-sovereignty in an increasingly digital world, because trying to opt out of the digital economy is or will be like trying to opt out of the monetary economy altogether.
>But it’s not a store of value in the long term. Neither is BTC.
I believe it is (assuming we define “value” in some objective measure of purchasing power). It has historically more than preserved purchasing power on a long time frame (at least so far), as has gold, and for the same reasons, IMO. Bitcoin’s properties were clearly modeled (and even improved) on gold’s natural properties, specifically to be a viable long term store of value. (This is patently obvious to me, regardless of anyone’s interpretation of “electronic digital cash” from the bitcoin whitepaper.)
>Full spectrum dominance is their ongoing mission.
Of course it is, but I for one will not succumb to defeatism, sir.
>There are possibly a small number of tech savvy geeks who will temporarily find ways to circumnavigate some of the control mechanisms
Crypto fundamentally challenges the control mechanisms as a paradigm shift. Bitcoin broke the monopoly on issuance of money through successful decentralization and proliferation of the protocol, making it immune to nation state take down or alteration.
>The entire digital realm as we know it – it is both carrot and stick.
Not the entire. There is a meaningful discernment between open source software and corporate products, between decentralized networks designed to be open and permissionless, and traditional finance with its (legal) regulations and requirements. Your bank account and debit card is digital. Being able to operate in the digital economy is economically empowering (especially with even physical cash being rapidly devalued through debasement).
Understanding which digital technologies gives you self-sovereign control of your wealth and assets, allowing you to grow or retain your purchasing power in the face of currency debasement, and which have been programmed specifically to confiscate, control, and ultimately enslave you, is paramount, IMO, unless you are going to go hermit/luddite style.
Looks like you’ve bought into the system and will cling to the narrative regardless of the evidence.
The internet was a buyout.
The free market is already irrelevant in the corporate world, and we’ll see the transition towards the externalization of the “one ring to rule them all” dynamic in the years leading up to the cutoff, ie Agenda 2030.
Everyone who was purchased is no longer someone who needs to be courted. They don’t need to impress the cattle. The cattle show up and take what is offered.
If the corporate ownership of BlackRock doesn’t demonstrate this to you, I’m not sure you’ll ever see it.
All these “competing interests” are heads of the same Hydra. It goes much deeper than seeing BlackRock as part owner of so many “competing” brands. The regulatory bodies are another layer, basically a corporate think tank of revolving doors playing musical chairs.
Again, do you own the global internet infrastructure?
No, it is rented to you for a fee.
If the services which allow access are owned not only by the umbrella corporations above them, but are also beholden to the same regulatory bodies, and their choices reflect upon their own corporate governance credit scores, they’re not going to be retaining “deviants” as customers.
The world you think you live in is not real.
They don’t operate in your digital world.
You operate in the digital world that they built and control.
You’ll see it soon enough.
This is why it’s so important to make the hard choices now.
Ask Alexander Solzhenitsyn about the importance of clarity on such matters.
In case you missed this:
https://www.biometricupdate.com/202507/mexico-makes-biometric-identifier-mandatory-for-all-citizens
Mexico has officially introduced a digital identification system by signing a law that turned the previously optional biometric-based citizen code into a mandatory document for all citizens.
Last month, legislators approved amendments to a law related to the 18-character personal identifier, known as Unique Population Registry Code (Clave Única de Registro de Población – CURP), with the change formalized on Wednesday through a decree.
The mandatory CURP will contain personal and biometric information, including a photograph and a QR code containing biometric fingerprint and iris data. The identifier is expected to be introduced gradually to all Mexicans by February 2026.
The government has also allowed the consolidation of the citizen codes into a single identity platform that will be connected to other state databases and administrative records. According to the decree, the Ministry of the Interior and the Digital Transformation Agency must create a Unified Identity Platform within 90 days, while public and private institutions will be required to update their system to recognize the identifier.
The country also plans to kick-start a national program to collect biometric data from children and adolescents within 120 days, according to news outlet Mexico Business.
– the citizens of Mexico are no longer seen as customers for whose business corporations need to compete. They are seen as cattle who will select from an ever narrowing selection of options provided to them. The options are all benefitting the umbrella corporations, while the middle management competes for bonuses and advancement.
And the same system, brought to you by the ongoing bipartisan psyop known as the “border wars,” is being rolled out elsewhere
https://patrickwood.substack.com/p/trump-the-technocrat-releases-americas
I, for one, tend to look both upstream and downstream. When there’s toxic sludge coming from upstream, and a huge waterfall downstream, I accept my predicament and make plans to get the f#ck out of the stream when remaining there no longer serves my interests.
PS we all come from a long line of survivors. We’ll make it to shore, and we’ll thrive. But only if we both see the need to do so and are willing to brave the wilds once again.
Planning now makes the transition less painful.
By the way, I was looking into the ingredients of these “orange pills,” and apparently it’s an extract of Donald Trump’s fecal matter, with an enteric coating of hopium to help it go down smoothly.
Doesn’t sound like something which promotes health or healing.
lmao 😂😂😂
>When a digital ID is required to log on to the internet, a person will either need their own infrastructure or otherwise have to take the cattle tag in order to keep playing. Other than that, you just lost the ability to buy, sell and trade those coins.
I don’t want to downplay your point here, which is actually a very good one. Even though I don’t see it as necessarily likely they will be able to clamp down on the internet as you suggest (though they surely want to and will try), there is the possibility of that or some other catastrophe occurs like the grid goes down for an extended period, etc.
That’s why as much as I believe in bitcoin, I also believe in not having your eggs in one basket. This is why you should develop a relationship with the earth, with learning how to grow and harvest food and power/fuel, identify edibles, practice both farming and bushcraft. Connect with a like-minded community and participate in counter-economy. Become a sovereign producer of some good or service, acquire your own skills and equipment. These things will support you through potentially digital or even power grid disruption, and are things they can’t take away from you by fiddling with the money or the economy.
That is all very important “just in case” something catastrophic happens or develops. Bitcoin is likewise important “just in case” it doesn’t, and the grid and the internet just carry on for the next decades.
Oaknarl,
You gave the big-heads a run for their money! Pun intended.
All this was stimulating. No one mentioned the Jeckyle Island event in creating debt based monetary system. Those with all the monies kept their monopoly.
Carl Marx has been neglected here. Would he pull a reverse Jeckyle Island deal, a fast one . Issue those that hold the dept a payoff, at $1 million an ounce today then tomorrow revalue at $35.00 an ounce. You would need a Stalin type and an obedient army to carry out the mop up. It’s been done in the past , why not today. The locations have changed as well as the names but the machines cut grass much the same way as was done in the past.
What are they waiting on?
> You gave the big-heads a run for their money! Pun intended.
😁
>Issue those that hold the dept a payoff
>What are they waiting on?
Why would they do that?
A really import aspect of stablecoins is that they allow trade and profit taking easily without leaving the crypto world to sell to fiat then buy eventually something else with fiat. In short it allows easy bypassing of the thieving heavily regulated financial transaction tracking system which is traditional finance. It allows this without swapping immediately to another volatile crypto. This is very important.
Also in many developing countries stablecoins became preferred to both local currency and fiat (dollars). Being crypto they are much more liquid without blocks to financial transactions both locally and over a distant. That worried the US and the banking system.
So what to do? Embrace and extend of course! Make stablecoins pretty much identical to the dollar and managed by the same banksters and government. Drive a stake straight into the entire crypto landscape.
Thankfully there are some stable goings like fUSD that will not play and are fully privacy and freedom preserving.
> In short it allows easy bypassing of the thieving heavily regulated financial transaction tracking system which is traditional finance. It allows this without swapping immediately to another volatile crypto. This is very important.
I agree with this, and it aligns with the point I made above that “stable coins are not as bad as a CBDC”. We’re getting stable coins (regulatory clarity and approval) not because they are preferred over CBDC by the overlords as more effective for the mark of the beast system, but because they are basically forced to exploit the demand stable coins create for USD, despite the ability they give people to circumvent the thieving and the tracking (to a significant degree, by virtue of operating on open networks), and which I believe the overlords must begrudge. They can get at you so much easier when you’ve done KYC and your money is in an institution, than when your money is on chain and they have to rely on heuristic analysis to basically guess what you’re doing. For instance that crypto you withdrew from your Coinbase account on chain? That might have been a payment to someone else or one of your own addresses. Heuristics are a far cry from proof that it was necessarily you acting on chain or of what you are holding. The open and pseudonymous nature of the way the technology works should not be underestimated or downplayed, it’s extremely important despite its limitations.
Of course, the market is hell-and-gone from being anywhere near accepting an outright CBDC, which I imagine they would greatly prefer if they could get it. Yes, sure, they can control stable coins in a similar manner, but the fact is they basically don’t, because the environment they operate in is more competitive than monopolized. (I’ll take a competitive market environment and natural incentives over “constitutional protections” any day). They haven’t demonstrated an appetite for freezing or programming stable coin addresses at any kind of scale, no where near as for regular bank accounts. Not only that, but you can effectively (from what we’ve seen so far, for practical intents) spend 100% of your liquidity in stable coins 24/7 on anything you want without answering to a banker or asking anyone’s permission. That is very important, and surely not a reality intended as a gift for the plebs, but rather was created by market forces, and now they have to tolerate and work with it.
I liked the interview. Clear cut and to the point.
Lets mention, in the comments at least, alternatives to the whole fake monetary system, something that does not require heaps of electrical power nor trusty third parries: scrip or self issued credit.
>something that does not require heaps of electrical power
Real money is scarce, meaning it takes effort (energy) to obtain. Bitcoin’s Proof of Work (PoW) algorithm, that requires energy, is a feature, not a bug. I have not seen any decent arguments for why an alternative form of money should not require energy expenditure to obtain, and on the contrary, the arguments that it should require energy expenditure to obtain are quite sound. Gold worked as money because of its properties… because it is scarce and requires work to obtain, also it exists abundantly enough in nature that basically anyone can do the work to obtain it. Bitcoin’s PoW algorithm and open network is deliberately intended to simulate this property that gold naturally has, and that helped make it the superior and most adopted form of money historically.
>scrip or self issued credit.
Basically shitcoins 🙂 While this type of thing can be very useful for medium of exchange in local economies, and I’m all for it, it’s not at all suitable as a long term store of value, or for the vast majority of trade and commerce in a global digital economy, as it lacks credible neutrality and relies on trust assumptions.
Just because energy has been expended, does not necessarily create value. Value has more to do with the ability of a commodity to offer energy (or other precious needs) in the future, as opposed to having already consumed such in the past.
Expended energy => cost
Potential energy => price, subject to supply and demand
https://gotchoices.org/mychips/value.html
>Just because energy has been expended, does not necessarily create value.
I believe that’s correct, it’s not an energy expenditure requirement alone that creates value, that’s only one of the properties a sound money must have in order to be valued long term by the market.
>Value has more to do with the ability of a commodity to offer energy (or other precious needs) in the future, as opposed to having already consumed such in the past
A monetary asset like gold or bitcoin is different than a consumable commodity. It is valued specifically because of the function that it provides as money rather than because of inherent (non-monetary) utility.
>https://gotchoices.org/mychips/value.html
This page attempts to answer the question of why money has value, but the question this page fails to address, is why is one thing (for instance gold), favored as money over another. Why did gold become money instead of other metals or consumable commodities? In other words, what makes a sound money?
The value of money comes primarily from the demand in the market for there to be money, as barter is inefficient, but what kinds of items and materials end up being favored by the market for use as money depend on the properties and attributes of those items and materials.
I recommend “The Hidden Secrets of Money” by Mike Maloney to understand the properties of what makes a sound money:
https://www.youtube.com/watch?v=DyV0OfU3-FU&list=PLE88E9ICdiphYjJkeeLL2O09eJoC8r7Dc
The most necessary attributes for something to be preferred and valued as “money”, Mike lists as:
Functions as a medium of exchange.
Functions as a unit of account.
Durable.
Portable.
Divisible.
Fungible.
Functions as a store of value. (Mike astutely notes that store of value is what truly defines “money” from merely currency, which has all of the other attributes, except this one).
Also, for a more scholarly study of how and why money developed historically from the inefficiencies of barter, as well as how and why various things were chosen to use as money, I recommend Nick Szabo’s “Shelling Out: The Origins Of Money”:
https://nakamotoinstitute.org/library/shelling-out/
Except from the text:
“Collectibles [early forms of money] had very specific attributes. They were not merely symbolic. While the concrete objects and attributes valued as collectible could vary between cultures, they were far from arbitrary. The primary and ultimate evolutionary function of collectibles was as a medium for storing and transferring wealth.”
>Just because energy has been expended, does not necessarily create value. Value has more to do with the ability of a commodity to offer energy (or other precious needs) in the future, as opposed to having already consumed such in the past.
Even on the link you referenced, it says:
“Money backed by gold derives its value from human work expended in the past.”
I would argue that gold itself derives its value from work expended in the past, though again, that’s only part of the equation. “Money backed by gold” on the other hand, derives its value in large part on the trust of the party that is doing the backing. If history has taught us anything, it’s that the concept of a “backed money” is limited at best, if not flawed outright. Humans ultimately can’t be trusted to provide such backing, it’s only a matter of time before that promise fails. Bitcoin is the attempt to create a money which doesn’t rely on the trust or promise of an individual party… bitcoin is a “bearer asset” itself that doesn’t require any backing, like a gold coin.
> I have not seen any decent arguments for why an alternative form of money
You must not have looked very hard. Or you are completely blinded by your bias, as crypto bros typically are.
> Basically shitcoins
You seem to be very ileducated while I’m short on time. God bless.
>You must not have looked very hard. Or you are completely blinded by your bias, as crypto bros typically are.
Nope. I just understand that “climate change” via “co2 pollution” is a manufactured bullshit narrative with not a shred of real science or evidence behind it.
>God bless.
Thanks my friend, God bless you too!
If only there were a better way to do digital currency…
https://mychips.org