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Story #1: Russia Tries to Make Sudden Advance In Ukraine Before Trump-Putin Summit
https://www.reuters.com/world/europe/russia-tries-make-sudden-advance-ukraine-before-trump-putin-summit-2025-08-12/ // https://archive.is/lnUzn
2025 Russia–United States Summit
https://en.wikipedia.org/wiki/2025_Russia%E2%80%93United_States_Summit
Cracks Appear In NATO Unity Ahead Of Alaska Summit On Ukraine Territorial Concessions
https://www.zerohedge.com/geopolitical/cracks-appear-nato-unity-ahead-alaska-summit-ukraine-territorial-concession-question
Germany’s Leading Newspaper Calls Murdered Al Jazeera Reporter “Terrorist Posing As Journalist”
https://thecradle.co/articles-id/32467
Israel In Talks to Expel Palestinians from Gaza to South Sudan
https://www.newarab.com/news/israel-talks-expel-palestinians-gaza-south-sudan
#MorningMonarchy: August 11, 2025 – Trump Says Homeless Should Leave D.C. “IMMEDIATELY”; Puts City, Police Under Federal Control and Deploys National Guard
https://mediamonarchy.com/20250811morningmonarchy/
Rush’n Attack
https://en.wikipedia.org/wiki/Rush’n_Attack
Story #2: Open Source Orgs Pledge Fealty to United Nations; Linux, LibreOffice, Matrix Promote DEI Discrimination & RISE?
https://lunduke.substack.com/p/open-source-orgs-pledge-fealty-to
Story #3: Tornado Cash Co-Founder Found Guilty On 1 of 3 Charges After Jury Deadlock
https://cointelegraph.com/news/tornado-cash-roman-storm-found-guilty-partial-verdict
“Nothing Left to Use” – Monero Reorg and Samourai Takedown Spark Privacy Doomsday Talk
https://news.bitcoin.com/nothing-left-to-use-monero-reorg-and-samourai-takedown-spark-privacy-doomsday-talk/
Know-Your-Customer: The Quiet Kill Switch
https://bitcoinmagazine.com/technical/kyc-is-the-quiet-kill-switch
The ‘New World Next Week’ Store
https://newworldnextweek.com/
Corbett Report 2017 Data Archive USB Flash Drive
https://newworldnextweek.com/products/corbett-report-2017-data-archive-usb-flash-drive
Corbett Report Data Archive USB Flash Drives 2013 -2017 Bundle
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‘Octopus’ Radio Play (Digital Download)
https://newworldnextweek.com/products/octopus
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Thank You!
Hi James,I’m really getting so pissed off with the show you are human when logging in.Im old and my sight is failing.Please have the nerds who thought of this forced to sit on the counter and have their testicles repeatedly slammed in a draw.
Thank you
Cheers
Murray from NZ😄
Get an AI assistant to do the puzzle for you….. 😉
I’ll add that this does extra “security” step does seem like an unnecessary pain in the ass. Especially since logins expire very regularly, it feels like in a week or less. What’s the purpose even, was there a heavy scam post traffic?
Really mkey, is that few seconds such a pain to be able to keep trash out and get to one of the best, un-nanny state sites on the web?? 🙂
Aha, I say. Pray tell, what kind of trash are we talking about? I personally have not noticed spam bots in these comments sections. Not inhuman ones, anyways.
Fighting spammers is one thing, but acting as a hindrance to regular users (as per Muzzaman’s comment) is always going to be a side effect. Some people will have trouble getting through captchas, while “AI” won’t. And that’s the crux of the matter. Well setup spammer outfits won’t even blink to this “security” measure.
Having a strong IT background, to me it seems James was recommended the captcha thing as a “solution” to a problem that likely doesn’t exist. I have seen such things happen many times, but I could be wrong in this case.
You chose to stay in your negative mind set and not address my comment. That is your 1A right, but is it really such a pain to spend a few seconds?
The quote from Zen and Motorcycle Maintainance…
“Argue for your limitations and they are yours”
And to talk down about James’ business decision is just rude. That teeters on destructionism, tearing down others work. He is doing and has been doing the best he can for a couple of generations now and I have been with him most all the way.
As to your “…strong IT background” point, like so many others it is just a False authority fallacy, to impress others, just like your Red Herring initial sentence to divert the question. Be kind, this is the near best outlet for free speech and dialog and the offering of ideas, it doesn’t need ego nonsense.
OK, so you point is that this is the bestest site and it needs to be protected by a captcha, is that correct?
My question was, what does it need to be protected of, exactly?
No. My point is it is a very simple inconvenience that you are whining about and disrespecting James’ for choosing it.
Plus if you have all this “IT” experience you wouldn’t have to ask why?
It really is a waste of my time now to even discuss this with you. You appear to be just another narcissistic damaged person needing attention and not able to let go of your ego. You need to be right and not make things right.
Goodbye, please, no more about this.
OK, fine, no followup from you, I can live with that. That’s the norm when calling other people’s opinion in question. It is what it is.
Again, I find it extremely interesting that you insist on discussing other people egos while you completely ignore you own massive ego rearing its head on the front stage on every opportunity it gets. This is not our first rodeo, but not a problem on my end. This is only the internet, after all.
I mentioned my IT experience not because it was a veiled attempt at wielding “my authority” (which I claimed to have absolutely not one single time in these comments sections, after being a member for almost 9 years, and after putting forward likely thousands of comments) in a desperate hope to enforce my opinion,
but because I have some actual real world IT experience (and intelligence which allows me to recognize patterns) and have, over the years, many times noticed people’s tendency to offer solutions to nonexistent problems, all the while completely ignoring actual, documented, existing problems, ones that have an effect on the “real world”. As much as IT can affect the real world.
At the same time, I assume, you have zero years of professional IT experience (this I only presume on your presumed age of 70+; again, I could be wrong about these assumptions) and thus you really can not offer any actual sound experience based counter arguments, can you?
At last, but not the least, I clearly put “I could be wrong” in there, thus putting forward that I’m willing to accept and live with the possibility of being wrong. Find me an example of one egomaniac in history who clearly admitted up front that they could be wrong and that they are ready to live with that and take their word back.
In conclusion, to even impute that I would disrespect our host here by putting forward my OPINION is beyond ridiculous. I am fully aware of consequences, purpose and side effects of using “captchas”. I have been dealing with those and circumventing them since you have been writing songs. Do you see me putting down your song writing ability? No. Do you know why? Let me spell it out for you: because I’m not a goddamn megalomaniac idiot.
Thank you and good night.
My “Captcha” is always putting the car back together.
I got cars, semaphores, bears and was even asked to lay some pipe.
🤣
I don’t think USB is going anywhere soon…even if it does you will be able to buy adapters to plug it into whatever port you have.
The real issue is when they get software signing your documents North Korea (allegedly) style and your computer won’t open a doc thats not signed by an authorized creator…..people should make use of YT awhile it’s still there and learn to build a PC and install Linux (while while it is going rainbow will probably never be as locked down as windows or Mac) ….if your too poor to afford PC parts (or buy an old machine ti play with) you can get a Raspberry Pi and play/ learn with that…..it out the fun back in computers for me. A Pi4 will do everything joe normie does online and you can even get a Pi3 for a KODI media machine (pi4 if you want to run a USB external DVD drive, reliabily,
use the BLUE ports)
DVDs are better then USBs IMO, and you can buy an external unit that plugs in (via USB) if you don’t have a drive….you can still buy external FLOPPY drives if you like, lol)
Here is a video about pirate radio, though Bill Cooper would only be reaching the boomers on broadcast these days.
https://m.youtube.com/watch?v=IQy_xXHa0Sk&pp=ygUfUmluZ3dheSBtYW5jaGVzdGVyIHBpcmF0ZSByYWRpbw%3D%3D
Pretty sure one of those pics is the place a late friend of mine lived in, it had a pirate radio set up on the roof back in the late 90s.
If the internet scuttlebutt about the UK going full Lybia happens i expect towns will have these pop up in lue of internet, little short range stations covering local news and propaganda….plenty of dusty radios about….speaking of which
Questions for Corbett
What is your opinion on the UK civil war hype going on? Is it a planned demolition to being in tighter controls or a psyop to bring out the Fed posts? Or something else? British people used to be into random violence back in the day but I never saw them as being up for serious civil unrest.
Thanks.
— South Sudan
RE: Story #1
Israel In Talks to Expel Palestinians from Gaza to South Sudan
I have a younger brother who was a missionary in Nigeria for ten years during the 1990’s. He and his wife raised a crop of kids while there. “Missionary for ten years” on a resume doesn’t help in finding a good paying job stateside.
I have two other younger brothers who are Christian Ministers in two different American states. The first week of June they both were together in western Ethiopia near the South Sudan border at a church sponsored South Sudan ‘College’ which helps to train displaced farmer families with job skills which could help in their future survival. My brothers brought supplies.
Coincidently that same week, U.S. Homeland Security agents were stuck in Djibouti, a definite non-vacation destination. They were bringing deported criminals to South Sudan because no other country wanted them.
The illegal aliens — all men who hailed from Cuba, Mexico, Laos, Myanmar, Vietnam and Sudan — had been convicted of crimes including armed robbery, drug trafficking and sexual assault. Four are convicted murderers.
PHOTOS and RAP SHEET
https://www.dhs.gov/news/2025/07/03/dhs-releases-statement-scotus-victory-criminal-illegal-alien-deportations-south
Currently the ruling ‘tribal’ party in South Sudan is displacing and murdering those other tribes which might pose a threat of ruling the country.
With a translator, each brother addressed a large group of Sudanese and answered questions. E.g. “How do I forgive those who killed my ____ ?” (Fill in the blank with family and friends.)
One of the brothers asked the crowd, “Imagine if you were making 10 times, or even 100 times what you earn now?”
The crowd and the interpreter starting laughing. Puzzled, the Minister asked the interpreter why everyone was laughing.
The interpreter said, “100 times zero is still zero.”
My brothers joined in the laughter.
My brothers discovered that a recent South Sudanese refugee camp was established not far from them in western Ethiopia. Quickly, they organized and pulled strings to fill a truck with food. Then took it to the camp. The Ethiopian military was happy to escort them on the journey.
Around the 3:20 mark, Pilato mentions that Trump calls in Federal forces to Washington DC
Former DOGE but still currently a government staffer, 19 year old Edward “Big Balls” Coristine was assaulted by approximately 10 juveniles last week in Washington DC during an attempted carjacking when he was with his girlfriend. He was banged up badly. This prompted President Trump to make an announcement on Monday August 11, 2025 to bring in Federal forces to curtail the terrible crime rate.
The atrocious Washington DC CRIME rate – circa 1984
Back around 1983 and 1984, I roadsided selling designer-type jeans (design on back pocket) for $10 pair on the street corners of Black neighborhoods often very close to the projects or ghetto areas. I would set up 12 to 24 eight foot banquet tables and place stacks of jeans on tables. This was during the Jordache back-pocket designer jean craze. I traveled to different cities seeking out the low income Black neighborhoods…Texas, Louisiana, Alabama, Memphis, St Louis, Kansas City, Washington D.C., Pennsylvania, Nebraska, etc.
I often would hire a helper who would stand on the back of the truck watching the crowd with an unloaded shotgun next to him. This deterred most thefts. There were a few places where I also wore a pistol. (I have long blonde hair, so I show up.)
I landed in Washington DC for a period of time, and remember watching the 4th of July fireworks at the Mall (large park that features monuments, memorials, and museums) from the rooftop of a 3 story building. My roommate, a fellow jean roadsider and good friend was a black guy who later acted in various movies and TV shows.
ACTOR
https://corbettreport.com/interview-1262-new-world-next-week-with-james-evan-pilato/#comment-36974
You cannot have a gun in Washington DC. It is illegal.
I kid you not…at least one a week I had major theft or robbery type issues. The crime was horrendous.
…more…
…continued…
One time when I was set up on the lawn of a car wash, I wrestled with a thief on the ground for a solid 5 minutes. We each had a hand on a wad of money and the other hand held a pair of jeans. There was a crowd of about 50 people watching while I’m yelling that I’m being robbed. The thief wasn’t scared enough to run off. Finally, he gave up and calmly walked away.
Ya could try on the jeans in the back of the truck. I’d pull down the door. One gal wearing a dress went in to try on some jeans. She opened the back door and waddled down the ramp with about 8 pairs of jeans stuffed in her pantyhose. I shook my head and told her to get back in the truck to remove the jeans. She took off running for the Metro train station (with a bowlegged run.)
The cops stole from me twice. They would take jeans in for evidence, but the evidence would be ‘lost.’
In court one time, a girl who stole from me had been arrested for theft 7 or 8 times before. Her lawyer told the Judge that she couldn’t make it to court, because she was sick. It blew my work day.
One time I chased a thief deep into the projects. I stopped when there were some big dudes in front of me. As I was making the long walk back to my display, a crowd of around hundred people developed with lots of yelling. The next thing I knew, my head was suddenly moving from side to side and front to back while a slew of fists were banging at it. There were about a dozen young men beating the crap out of me, but I wouldn’t fall on the ground. I finally backed away, bleeding and sweating. I turned to face the crowd and yelled, “I want the guys who hit me to come here!” I repeated that line twice more, while sticking my hand in my jacket pocket as if I had a gun. No one came.
An old black man begged me to leave, ‘cuz I was gonna get killed. He was right. I left.
I spent about 3 or 4 days in bed after this episode.
I did buy a sledge hammer, but with a sawed off short handle. I wore it on my belt. It helped to deter crime. It gave me a scar from where it rubbed.
After months of this criminality, I couldn’t wait to leave Washington DC.
LINK which LINKS a chain of roadsider ANECDOTES
https://corbettreport.com/interview-1336-new-world-next-year-2018-with-james-evan-pilato/#comment-46991
That was the most insane story I’ve read in a long time.
I’m curious why you would saw-off the handle? And how much did the sledge hammer weigh?
Sledgehammers work better with longer handles. The handle length should be proportional to the weight of the head.
Not being able to carry a gun on my hip, the idea of carrying a nail claw hammer popped up. But I needn’t something with more mental impact. Thus, the short handled sledge hammer. No one wants to get hit by a swinging sledge hammer.
I currently have a short handled one. The only difference is the length of the handle.
It is a very heavy piece of iron.
I’ve got three different hammers, and use them for different jobs.
The claw hammer, in my opinion, is more psychologically intimidating, because people are familiar with it. If a person has never picked up a 3 or 4 pound sledgehammer, they may not be aware of the damage it can inflict.
If you just want to bluff would-be criminals who want to do you harm, you can wear an empty holster, but then, you’re walking around with an empty holster.
Sometimes I go to the worst parts of the South Side of Chicago, and all those guys are packing under their safety vests.
Because you don’t want to bring a sledgehammer to a gunfight.
I do try to avoid gunfights.
Wow! You could sell your story to the movie makers. Of course, you would have to reverse the races.
Maybe a young black girl goes into the suburbs, trying to sell lemonade on the corner, and is continually harassed and threatened by creepy white thugs. She manages to overcome them and survive through sheer bravery and innovative ideas. This is a winner; you could make more money than the jeans hawker. Oh wait, I guess not. AI could write that script, without you…
😉
You got me laughing.
Long blond hair and a Thors Hammer…..you should have added a horned helmet and the Viking theme would be complete.
🙂
And this was back then, I can only imagine the pervasive chaos in the general area currently. I think a boilerplate carpenter’s hammer would be a great deterrent, and certainly easier on the crotch. Maybe they key aspect is to get them jammed up in a tight space, like this terrific scene from Oldboy movie shows.
https://www.youtube.com/watch?v=gvQ7Z6ZCxTc
Mkey
I am pretty sure Cold Steel Make(or made ) a real steel war hammer….everything I’ve ever had off them was overbuilt and strong. You would find it harder to explain then a carpenters tool if asked why you had it, lolol.
Warhammer vs mace comparison
https://m.youtube.com/watch?v=otCfAuuG92g&pp=0gcJCa0JAYcqIYzv
If you look at the wounds people got from real war hammers spike (which have a small head for crushing , with a hardened steel point on the reverse) they look kinda like a gunshot….they were probably instantly fatal in The case of a head shot.
2 questions: 1 is what I initially came on here to ask. What is James talking about when he mentions no one talking about or asking about USBs toward the end of the NWNW? The 2nd is, why is the comment form now in the middle of the comments? 😭 Appreciate you guys help. Oh, and mkey and whomever it is, why do you even respond to that crap? Were you never informed that arguing on the internet is like competing in the special Olympics??
Hamirand
IIRC the last epp they were wondering aloud about the future of computer ports (and I assume media types) and what the future ones would be.
I think they were wondering what the future of media would be- we went from computers making us able to spread media easily (“desktop publishing”) to them becoming more and more like mobile phones – kiosks and ways to access (not make) media. The optical disk has been deliberately run down, and was a very good way for people to make (or pirate) media without a third party…..you could burn CDs and give them out by hand without needing a podcast or any online streaming platform.
This means that most info is routed thru enemy controlled territory (the internet)
If you look up mabe BRussell, Mr Corbett did a thing in her too, she at times would (iirc) run her radio show via posting Tapes to subscribers while her radio show was taken off air. Bill Cooper ran a network of little mini radio stations that (again, iirc) his fans would rebroadcast his shows around the country.
Physical media has to be physically moved and distributed but can’t be taken out from the system via blocking or via needing an internet ID ti access. The modern ways of distributing media in the real world are IMO worse then they used to be….tapes and CDs were cheep and easy. They hit a sweet spot between running an actual press (hard) and putting stuff on podbean (easy but easy to shut down)
Iirc Mr Corbett did a solutions watch about publishing real world local newspapers too.
https://corbettreport.com/solutionswatch-newspapers/
Homie…
What about them waffles !.
🙂 “How about them waffles !” is right GBW.
Man-o-man, this summer has been hot with very high humidity.
Ya’ll been get’in some storms.
CONSPIRACY…
For those who solve “Conspiracy Theories”, this is a must-watch…
Waffles prompt Black Dynamite to solve the Anaconda malt liquor conspiracy…
(3 minutes)
https://www.youtube.com/watch?v=t96R1JKrg98
Homie,
Reality has reached a new low. Here in N.E. Oklahoma we have had the most mild summer in quite some time. Golf has been a pleasure at 5 p.m.. It is almost chilly going to the natural springs and creeks and somewhat clean river, all less than an hours drive.
The constant reminder of having Won creeps into the news but only counters unreality of it not being a hundred in the shade. And time rolls on. Gaza famine, to that, hey we Won there. Ukraine, hey we Won there too. Our enemy’s are Winning, Putin and Xi are laughing all the way to the bank. We are all winners here. The kids are laughing and the rope swing is a thrill to beat the heat, or what little there is of it. The waters almost cold and it’s August 16th, unbelievable. Walnuts are huge on the trees that line the creek and shade the park. All static is drained away here. Yeah, how about those waffles! ? Today, I’m not going to go looking for mountain lions where the red ferns grow. Time is slowing down and the lions are asleep tonight. Hope your star shines bright.
Bitcoin allows you to hold your wealth where it can’t be confiscated or debased, outside the control of the state or banking institutions. Where you can hold or send any amount anywhere in the world without anyone’s permission (you can’t even do that with gold). There are only 21 million units (most of which have already been produced and distributed). The price is still only $120k. Facts. Read that again. Several times if you have to. If the significance of that isn’t obvious, I don’t know what to say.
If your view is that bitcoin failed because hordes of dumbasses only see it as speculation and don’t understand self-custody, if your view is determined by narrative rather than an understanding of the technology itself and its implications, then that means the profound significance of what it is and what it means has been lost on you. To your great misfortune, IMO.
You complain that bitcoiners lost the faith, or even about stable coins, but where are you putting your money instead? Oh, you’re staying with banks and fiat and your debit card? Have fun with number-go-down, forever. There simply are no other good options for a digitally viable alternative, while disenfranchising oneself from the digital economy altogether is also a supremely unattractive option. It’s not like we have super great awesome freedom money now, and they are moving in with crypto and stable coins to undermine it, lmao. We already live in a system of draconian economic control. Even stable coins are actually far better than holding money in a bank, purely because of the way blockchains and wallets work. The fact that they have to roll with stable coins and scrap CBDC is a sign that crypto is winning, IMO. I personally love to see it.
Mass adoption was always bound to be messy. Bitcoin wasn’t designed to succeed by virtue of transforming the entire world into libertarian crypto bros overnight, nor by remaining confined to some anarchist counter-economy bubble forever. It was designed to succeed by virtue of being able to withstand any attack or attempt to alter its core properties, and by virtue of its profound and unstoppable value proposition: digital economic self-sovereignty. It was designed to take over. To be a broad replacement for failing fiat currency, at least as store of value.
“Number go up” is nothing to scoff at considering the system of confiscation and debasement we find ourselves in. Those who recognize a yet nascent and severely undervalued asset, arguably the most significant technology ever invented when it comes to providing true economic freedom for humanity, and can do basic math regarding supply and demand calculations, will just keep reaping the benefits of accumulating and holding. I’m truly sorry for the rest of you who aren’t going to see it until it’s too late, and the very rare opportunity to position yourself as a gainer instead of a loser in the hyperinflationary collapse and greatest wealth transfer of all time passes you by.
Oakgnarl
“….. Bitcoin allows you to hold your wealth where it can’t be confiscated or debased, outside the control of the state or banking institutio……”
So does putting your money into Beanie Babies…..which have the same intrinsic value as bitcoin.
I’m sure you can still make money wiyh bitcoin, just like people made money on Beanie Babies, but the trick will be jumping off the pyramid scheme at the right time.
“….. Bitcoin allows you to hold your wealth where it can’t be confiscated or debased, outside the control of the state or banking institutio……”
>So does putting your money into Beanie Babies…..which have the same intrinsic value as bitcoin.
Beanie Babies can be debased, they have none of the properties of a sound money, and therefore don’t have the same value proposition. Not even in the same category to make a meaningful comparison.
>the trick will be jumping off the pyramid scheme at the right time.
Calling it a pyramid scheme just demonstrates ignorance about how the technology works. “Jump off” into what exactly?
Oakgnarl
“…Beanie Babies can be debased, they have none of the properties of a sound money, and therefore don’t have the same value proposition….”
Beanie Babies and Bitcoin have the SAME INTRINSIC VALUE- the belief that people will want them in the future.
Beanie babies actually make a more private medium if exchange because there is no open ledger of every time we swap them for goods and services.
Now TBF ALL money is based on the same belief that you can swap it for something you actually want , that has an intrinsic value derived from use (like food or clothes or cars)
And buying stuff you actually use is the answer to your other question
“……. “Jump off” into what exactly….”
Unless you want to swim in money like Scrooge McDuck you only want it so you can “jump off” into real goods that you want.
I am sorry I didn’t make money on Beanie Babies or Bitcoin but neither of them have actually become Money and, like any Non-asset bubble they can (and will) go to zero….
gold bugs can at least make their stuff into jewelry or even electronics. Rice bugs can eat their wealth. Neither of those assets can easily be made totally valueless by the government regulating it the way BitCoin can. TBH Bitcoin was probably created to hold gold prices down by soaking up speculators money that would have turned dollars into precious metal as the dollar pyramid scheme totters.
Dont get me wrong- I am sure you can still make money on BitCoin, it’s just that “money” is not as good as real goods and assets (land, houses, machines, skills, ect) that have intrinsic value
>Beanie Babies and Bitcoin have the SAME INTRINSIC VALUE- the belief that people will want them in the future.
Same with gold. It’s not just about the belief though. It’s about the rationale for why people will continue to value something as money into the future, which is based on its properties and dependent on how suitable it is for use as money.
>gold bugs can at least make their stuff into jewelry or even electronics
Gold’s utility value is far less than it’s monetary value. If it was reduced to utility value, it wouldn’t work as a store of value at today’s price. No one buys gold because they are satisfied that they could one day turn it into a bracelet. They are confident that it will retain its liquid purchasing power in the market, or in other words, for its monetary rather than utility value.
There is no such thing, technically, as “intrinsic value” by the way, as “value” is ultimately subjective, relative to whomever is valuing it. So that needs to be defined objectively. I prefer the term “utility value” to describe for instance the value of things like consumable commodities. When I use the term “store of value”, I’m referring to an objective measure of purchasing power as can be openly observed on a highly liquid market. So I would ask that likewise “intrinsic value” needs to be defined, specifically by what criteria is that determined?
>Dont get me wrong- I am sure you can still make money on BitCoin,
I’m not interested in “making money on” bitcoin. I am interested in accumulating bitcoin because I recognize it as money itself. What even is “money”? That is the whole question. I would refer to Robert Breedlove’s “What Is Money?” podcast, as well as Mike Maloney’s “Hidden Secrets of Money” series to understand deeply how to answer this profound and extremely important question.
https://www.youtube.com/@RobertBreedlove22
https://www.youtube.com/watch?v=DyV0OfU3-FU&list=PLE88E9ICdiphYjJkeeLL2O09eJoC8r7Dc
>it’s just that “money” is not as good as real goods and assets (land, houses, machines, skills, ect) that have intrinsic value
I agree. But that doesn’t change the fact that we live in an economy where it’s often highly beneficial if not outright necessary to store value as money. If you manage to possess only land, houses, machines, skills, etc, and not utilize money as a store of value on any long term time frame, my hat is indeed off to you sir, but that’s extremely difficult and impractical for most people. Not ideal. Especially when a hard money acts as it should by gaining in value over time (reflecting ever-lower prices for goods and services as technology advancements increase production efficiency).
It’s not so much about which is “better” (monetary value or utility value), as a store of value, to necessarily reject one in favor of the other. It’s about understanding that each of these have their proper place and function, depending on one’s inclinations and situation, and are not mutually exclusive.
Oakgnarl
“…It’s about understanding that each of these have their proper place and function, depending on one’s inclinations and situation, and are not mutually exclusive…”
I can not argue with that- I would be happy to take a free pile of Fed notes even though pretty sure their a Ponzi scheme 🙂
I think it’s that my forecast is that the current system is not very stable and I can’t see ANY form of “money” being a good store of wealth in the longer term because most of the value of any form of money depends on the ability of society to make “stuff” and I don’t see anything like the current production levels in the future….I guess it’s the Bill Gates in me but farm land and mineral rights are probably the only things that will keep an high % of their value over the next 20 to 40 years
“…Gold’s utility value is far less than its monetary value. If it was reduced to utility value, it wouldn’t work as a store of value at today’s price….”
Yes, “but”….
I agree with you, gold is massively over valuedbecause people are looking for a store of wealth…..the thing is there is no way to store wealth as money “long term” because I predict that actual production of goods is going to decline as the population ages and competence declines.
There is no way to preserve wealth in ANY form of Money when production slows or stops
I’d say you could still use gold as money even then, even if it buys less then you could have bought for the cash on the day you bought gold….like I said money depends on having stuff ti buy and being able to buy masses of cheep stuff will be a memory in a decade or two.
Gold would still be “somewhat “ valued as money because it does have a lot of uses and is rather a PITA to extract.
Silver has more industrial uses that consume it beyond reclamation IIRC…..but it’s also way easier to get out the ground.
>gold is massively over valuedbecause people are looking for a store of wealth
It’s valued far above its natural utility value, because of its superior monetary properties. Logically and reasonably so. It’s not overvalued, it’s valued correctly according to the merit of its monetary properties, relevance to the current paradigm, and historical entrenchment and momentum.
>there is no way to store wealth as money “long term” because I predict that actual production of goods is going to decline as the population ages and competence declines.
This is an interesting prediction. I myself am not certain about this. I see crazy potential for increasing productivity based on technological innovation. Gold has been an effective store of value for 5000 years, but you’re calling the top now? Okay.
This is currently the trend: the more technology advances and proliferates, the more productivity expands. Most of the evidence I can see suggests that this trend continues well into the future, and perhaps even massively escalates.
The only thing that for sure can’t be produced more of to compensate for increased demand is bitcoin. Findings and advances in mining technology are a wildcard for gold. All other assets will trend down against bitcoin for as long as technological deflation of assets through increased productivity and efficiency are in play.
Specifically, automation with AI, 3d printing, and robotics, these technologies combined can make people potentially many times more productive for the labor they put in, in almost every sector and industry.
Also there are other wildcards. What about energy technology breakthroughs or even just failure to continue to suppress much more efficient technologies? The likes of tesla towers and water cars can’t be completely ruled out.
These technologies could contribute to massive productivity gains making all goods and services trend down against bitcoin for as long as technology continues to advance and proliferate.
Oakgnarl
“…It’s valued far above its natural utility value, because of its superior monetary properties. Logically and reasonably so. It’s not overvalued, it’s valued correctly according to……”
I do NOT agree on that….true, gold does have good qualities as money but its value is just as subjective as Bitcoin or beanie babies.
if I spend a few grand on gold coins today their “value” as in what stuff they will buy me in 20 years has no relation to what the fiat dollars I spent would have bought. If I buy thise coins in 2000 I’m WELL ahead, but if I buy them at 3300 $ it’s also possible gold drops back ti 300.
Gold used to be 300 bucks an Oz…..300 bucks would not have bought me what the 3 grand odd in dollars it’s “worth” today would buy me.
Its value went up (just like bitcoins value) and it can go down again too…
.im not calling top” on the market but I’m also sure we will see prices at the dollar equivalent (in what you can buy with that sum) of a grand again within my lifetime and probably it will be way higher too at some point
Thus if you buy an ois of gold (or some bitcoin) there is no “real” way of predicting if you will get back your “stored” wealth or ,way more , or way less. Knowing where they are on that boom bust cycle of value swings is how Jews have made a ton of money wiyh everything from gold to stocks.
An example
Would be if I buy a hundred grand of gold coins today vs becoming a slum lord and buying a rent house….the coins might make me rich, or they might loose half the value before I sell.
The house gives me a trickle of income that I can adjust via upping the rent on my tenants to match inflation. OTOH i cant bury my house in the woods or carry it across the boarder with me, lolol, maybe I should try van life?
> OTOH i cant bury my house in the woods or carry it across the boarder with me, lolol, maybe I should try van life?
If you try van life while carrying a large amount of wealth like gold or cash, you’ll likely learn what “civil asset forfeiture” means soon enough.
Oakgnarl
On the future destruction of wealth- the reason I think that is pretty “inevitable “ at this point is
A) a global race to the bottom via international trade will tend to leave consumers without the wealth to buy masses of product
B) the inverted age pyramid worldwide = a decline in numbers of working age adults, thus that there will be more consumers then producers (hence people trying to “store” their wealth and Gov needing to steal so much via inflation)
Paradoxically poor old people ALSO tend to demand fewer products and so the economy of scale (they bought a lot of stuff and there were lots of them) the boomers created will go away at the same time.
C) you MAY be correct that there will be some tech revolution that creates luxury automation communism….but I don’t see any indication of it.
Tech has been in stagnation for a long time now….the hype on AI is just to keep the financialized bubble going a bit more. The world is full of investor money being pee’d down the drain as they all look for something real ti put their fiat dollars into
D) Western populations have become less skilled and competent over the last 50years….which is why we import the tech Indians (who are generally not all that much more skilled but work cheaper)
The importation of masses of low IQ third worlders to the west is mostly bringing in low skill labor (not needed) and imports a lot of third world behaviors that tend to make poor societies.
E) plenty of people in power benefit personally from letting the current system run as it is now….there is not much elite incentive to fix the problems.
Conclusion
I think much of the west is going to look like South Africa soon. China is on the verge of some massive problems too, India is a dump where couruption will never be fixed and Africa will just have a big die off when we cant farm them anymore via food and AIDs meds.
If you think I am wrong on any of these I would seriously like to know which and why.
>A) a global race to the bottom via international trade will tend to leave consumers without the wealth to buy masses of product
I don’t see that it’s necessarily so clear and comprehensive that everyone will be left without wealth. Some consumers will gain wealth. People still need to buy things to live, quite a bit actually. People will only take so much abuse through policy. I see the possibility of alternative economies and opportunities becoming more widely explored in compensation
>B) the inverted age pyramid worldwide = a decline in numbers of working age adults, thus that there will be more consumers then producers
If there are more consumers than producers, that leads to higher prices, which means opportunity for those that can step into the role of being those producers. The people taking advantage of the new opportunities then have more means to spend on things they want as well.
Everything balances out, and I see no reason fundamentally for people to be in lack. I believe the technology we already have would be providing a much higher state of abundance for humanity were it not specifically being heavily exploited for the ruling class through the abuse of the monetary system. If we fix the monetary system, that unlocks a massive amount of abundance that is just being siphoned and sequestered from humanity.
>C) you MAY be correct that there will be some tech revolution that creates luxury automation communism….but I don’t see any indication of it.
That would be luxury automation CAPITALISM. Which, to the extent we even have it and it is not being violated by government, is why we have relatively nice and easy lives now in comparison to times past. I believe the trends and incentives that brought us this far with technology will take us farther. If you see no indication of this occurring and continuing, I can only imagine you aren’t paying attention.
>D) Western populations have become less skilled and competent over the last 50years
There are reasons for this. Part of it I believe is the good times creates weak men dynamic. On the flip side, the opportunity to acquire skill has never been more rich, and is largely yet untapped.
>E) plenty of people in power benefit personally from letting the current system run as it is now….there is not much elite incentive to fix the problems.
Even the elite (all but the very top) have to manage the erosion of value they are exposed to by holding fiat. They have as much incentive to embrace a hard money asset as anyone.
It’s not that I necessarily think you are wrong on these points, but I don’t think these things are as predictable as you might imagine.
>I think much of the west is going to look like South Africa soon.
I’ve been hearing about one form of impending doom or another for decades, and at this point, I’m quite frankly much more concerned about what if life just continues on like it has for the past 30 years? No extinction event, grid stays up, stores stay open. What then?
Oakgnarl
“…. I’m quite frankly much more concerned about what if life just continues on like it has for the past 30….”
That is basically impossible- things as they are now are unsustainable and there is no way ti continue kicking the debt can down the road for 39 years or continue running as much deficit spending and unfunded liabilities.
SOMETHING a will be very different in 30 years, just like the world of 2000 looks considerably happier and more prosperous then the world of 2025…..we’ve already declined economically and socially and USEFUL tech development is standing still
You have a point that even the elites will, eventually, suffer from the effects- but the flips side is
A) a lot of the current elite are trust fund babies running a system they don’t understand, built by serious people
B) they profit in the short term and dont fear the long term
C) they might actually LIKE to live in a nation where rich people are able to lord it over a mass of scum poors…..a common psychological trait I never understood is that people will take being ACTUALLY poorer as long as they can be richer then their neighbors.
“…. believe the trends and incentives that brought us this far with technology will take us farther….”
What trends???
I’m reading a book “The Grid” about the power grid in the US and it’s pretty clear that there is almost no incentive to maintain the power transmission system…..even assuming that we could generate free power there is no way the power grid will be able to deliver more then it does now to feed factories and AI or electrical car chargers….whats the end point of that? Total grid collapse in some areas.
Suburbia is another example of investment bubbles that can’t sustain …….build a development with investment money and fifty years later there is not enough tax revenue from it to maintain the sewer and power and water systems it depends on.
Your right that the problem is fed by fake money, but it’s not like anyone is going to actually do the painful things to fix the problem
>there is no way ti continue kicking the debt can down the road for 39 years or continue running as much deficit spending and unfunded liabilities.
There is “no way”? Why not? Only when people lose faith in fiat will the can stop being kicked. And what shape that takes and over what kind of time frame is very uncertain to me.
>SOMETHING a will be very different in 30 years, just like the world of 2000 looks considerably happier and more prosperous then the world of 2025
Some things got better, others got worse. Except for covid, it overall doesn’t look much different, at least from my perspective. Me and most people I know personally are doing much better now than we were then.
In so many ways, as time has gone on, my opportunities and quality of life have only improved. Personally I’m way better off now than I was in 2000. The life I have now was some far fetched dream in the 90’s. Weed is legal, and so I’m not made into a criminal because I use cannabis. I don’t have to wake up every day to an alarm clock and go to work, (thanks to the internet) have basically everything I ever wanted, and more opportunities than I could possibly take advantage of.
Life was hard then, now it’s basically on easy mode by comparison. It’s because of technology that I couldn’t access then. I know it’s certainly not that way for everyone, maybe even for many more people the opposite is true. Generalized statements about whether it was “happier and more prosperous then” are far beyond me to evaluate the merit of.
Most people I know that are worse off are the people that refused to learn and embrace technology. Especially the luddites who rejected learning how to use a computer. I expect the same pattern to continue: people who embrace tech will continue to thrive.
“…. believe the trends and incentives that brought us this far with technology will take us farther….”
>What trends???
The clear and obvious trend of quality of life improving as more technology becomes available. Zoom out man, look at the last 100 years. We are so blessed, IMO. The fact I can wake up and spend my time how I like, and not have to spend all my time washing my clothes by hand and toiling in the field, etc… Sure, there are down sides and pitfalls that are part and parcel of this prosperity, but no one in their right mind would choose to be a poor person 100 years ago, with the opportunities for the average person then, compared to now.
The opportunities we have now are insane. The knowledge we have access to alone, compared to the past, is priceless to me. The only reason we have so many hordes of poor and struggling people is because of mental enslavement and conditioning. People don’t know how to make the right choices. At least, that’s how it appears to me.
Personally, I wake up every day and think “what a time to be alive”, and revel in gratitude for the awesome beauty of this world, and the magnificence of being alive in it.
>Suburbia is another example of investment bubbles that can’t sustain …….build a development with investment money and fifty years later there is not enough tax revenue from it to maintain the sewer and power and water systems it depends on.
That’s a fair point, but I wouldn’t underestimate human ingenuity when those systems fail and necessity starts mothering invention. Especially considering the kinds of knowledge, technologies, and opportunity that is widely available.
>Your right that the problem is fed by fake money, but it’s not like anyone is going to actually do the painful things to fix the problem
Thank you, Mr. Satoshi Nakamoto! Bitcoin is taking care of this. The spawning of the crypto industry and stable coins is just the start of the infiltration and ultimately takeover and transformation of the fake money system. It cannot survive any more than darkness can in the presence of light.
Oakgnarl
Your right- suburbia could certainly set up Solar Punk power systems and such but I don’t see any high tech solution to needing pipes to bring water in and take waste out…..also while local solar is nice it’s only so cheep now because Gov subsidies have fueled the solar industry.
People lived without air con and cheep electricity in the past and can probably adapt if they need to but water in and out is the biggie….though I imagine some people will set up their panels wrong and burn down their neighborhood, lol.
“….It cannot survive any more than darkness can in the presence of light…..”
That is only half true- sure every Fiat goes to zero but Bitcoin is not every going to replace billions of cash or card transactions – not for a long time if ever.
>“money” is not as good as real goods and assets (land, houses, machines, skills, ect) that have intrinsic value
There is another issue here that I forgot to mention. It matters the degree to which that “money” is a worse store of value than these “intrinsic value” assets.
The problem is that when money is depreciating against assets (inflation and debasement), the natural incentive to store wealth not by holding money, but by holding far more intrinsic value assets than you can use, accumulating land, houses, and machines, holding them only because they appreciate in value against money, (or at least hold their real purchasing power) ultimately creating more scarcity for these assets for humanity because they are being massively hoarded.
With a form of money that appreciates against intrinsic value goods and services, the natural incentive is to store value in the money itself, and only maintain the land, houses, machines, etc. that one needs, eliminating the incentive for rich people to “hold assets instead of money” (hoarding up everything of actual utility value simply to protect their wealth). With a money that appreciates instead of depreciates in value, the incentive is reversed: It makes more sense to save in the actual money itself and only own the land and utility value items as needed for life or business.
“Fix the money, fix the world”
Oakgnarl
On money- we HAD sound money for centuries and we still had a world of oligarchs and peasants. You can’t “fix the world” just by fixing the money….uou can make it better but it will still work fundamentally the same way.
AI is not shaping up to do much of anything except allow Nvidia to hype the stock market….like when the bubble bursts on AI the actual stock market is probably gonna crash.
What is the actual real world use case for AI that generates more money then it costs to build and run???? How much will people actually pay to use it day to day? Probably not a lot and while it DOES have some useful possibilities there is not going to be an AI revolution that generates as much wealth as building the railroad or steel industry or even the internet…..sure some pet will make money but it’s not going to create masses of new wealth.
As to robotics….while they are getting better we already have a ton of industrial automation, it’s not like better robots will change that much about production or even boost productivity like the big industry’s did in the 19th century…..even if they magically had humanoid robots to do day to day stuff it would just put people out of work, and thus accumulate and concentrate,not generate, wealth.
You have a good point about money and real assets….its true you can consume your assets if you use them wrong. They have wear and tear. Owning stuff is a responsibility and a PITA which is why so many people are actually up for “own nothing and be happy” and would jump in feet first if they were stupid enough to trust the oligarchs would actually take care of them
the rich , the real rich, will always acquire “real” assets like resources and the means of production over money because money is a social construction and contract that can vanish pretty easily…..the only reason normal people buy into money being a store of wealth is because they are taught to value the simulacra of wealth while the actual ruling class controls the means of making and controlling wealth. Speculators get rich waiting for the busy cycle so they can get real assets for “cents on the dollar”….when Russia went down the oligarchs were the people who got their hands on the actual assets like factories and mines while rubles were toilet paper.
Bust cycle, not busy, lol
Oakgnarl
“…..Me and most people I know personally are doing much better now than we were the…..”
There are always ways to get ahead, but in aggregate it’s pretty clear that people (esp young people) are worse off now – I too am PERSONALLY pretty ok vs then.
A) the number of people with mental health issues is thru the roof
B)the number of young people wiyh failure to launch is much higher now
C)The birth rate (a marker of well-being if ever there was one) is in the crapper
D) the fact that they made the devil weed 😉 legal kinda shows the need to drug and sedate (look at the prescription rates for psych meds too) people.
Also early use bumps up rates of schizophrenia in kids…we will see that effect in 5 to 15 years.
Ask yourself if you think you were the same age NOW as you were in the 90s if it would go as well for your life???? Collage costs three or so times as much and gives less benefit then it did in the 90s, house prices and rents and food costs eat more of a %of peoples income and entry level jobs are not as easy to find.
There won’t be much of a society in 20 years if masses of “thise damn kids” 😉 never accumulated any assets or skills or money and are 40 or 50 year old losers who also didnt replace themselves.
Fiat
You can’t keep kicking the money crash down the road unless you can magically brainwash people to think it’s safe and reliable and that is clearly NOT happening .people buying into Bitcoin and gold and such clearly DONT think their money can hold its value. Thats way more common then even ten yrs ago
TECH
Before i start with my opinion I’d like to ask you a question WHAT tech has a serious chance of generating wealth in the scale of the 1900s automobile industry?
IMO
Tech is standing still….what new thing will stimulate the economy as much as did building the internet?ir the power grid or railways?
Sure you can make money- but it’s nickel and dime skimming compared to a real tech revolution (like the railways or the steel industry) ….sure a small number of people (like yourself) are smart enough to make money and have a good life thru laptop jobs and such but that still leaves you living in a South Africa-esque like failed nation if all the dumb poors are scumming up the place and the power plant keeps breaking down….and I don’t see that we can avoid it at this point without doing stuff no one will actually do.
>every Fiat goes to zero but Bitcoin is not every going to replace billions of cash or card transactions – not for a long time if ever.
That’s true, bitcoin won’t and shouldn’t. At least not on layer 1. Bitcoin functions as a store of value layer and is suitable for medium to large transactions. Other crypto networks can compete where scaling and high performance are needed (small and micro payments). Only the store of value function needs bitcoin’s expensive decentralization and security. I need it to store the bulk of my net worth, not for the network I use to buy my coffee.
>if you think you were the same age NOW as you were in the 90s if it would go as well for your life???? Collage costs three or so times as much and gives less benefit then it did in the 90s, house prices and rents and food costs eat more of a %of peoples income and entry level jobs are not as easy to find.
It would be no different, if anything easier because of the tech and knowledge I have access to now. I can learn literally anything online. I taught myself to weld from youtube and practice. I haven’t had a corporate job since 1991, never went to college, and I know how to live cheap if I have to. I have rejected corporate jobs for my entire life, so their availability has never affected me.
At one point I told myself I’d live out of dumpsters before I took another corporate job, and I never have since, and never had to live out of dumpsters either. I acquired equipment and taught myself a craft that allowed me to make a living on my own terms for almost 20 years, even before the internet, or when it was still so early it might as well have not existed. It’s amazing what you can do if you just try, lol.
>Tech is standing still….what new thing will stimulate the economy as much as did building the internet?ir the power grid or railways?
AI and robotics, though I know you don’t see it yet. Standing still? I see it as more of a breakneck pace.
@oakgnarl
>>Bitcoin allows you to hold your wealth where it can’t be confiscated or debased, outside the control of the state or banking institutions. >>
Right, digital “money” based on worthless fiat currency…what could go wrong there??
Computer run vehicles, SMART home appliances, online banking, etc. all can be controlled by nefarious government/civilian ganstas.
So you invest in gold and silver and post apocalypse you walk down the street with it and get mugged. This nonsense is ALL part of the controllers fantastic ability to manipulate the masses with fear and a belief of scarcity and mysterious “terrorist” threats, etc.
THEY GOT YOU GOOD (song)
https://old.bitchute.com/video/Hpm24888Hud2/
>>Bitcoin allows you to hold your wealth where it can’t be confiscated or debased, outside the control of the state or banking institutions. >>
>Right, digital “money” based on worthless fiat currency…what could go wrong there??
Bitcoin is not based on worthless fiat currency.
>>Bitcoin allows you to hold your wealth where it can’t be confiscated or debased, outside the control of the state or banking institutions. >>
It is promises made by strangers no where near you that are dependent on the Internet. When that goes down, what ya got?? Go to a store or group of folks with a printed piece of paper that says you are worth…
When people brag, and they do a lot, about their “Bitcoin wealth” it is always about how many dollars they have. Since Bitcoin is not based on gold or silver or any precious gems or metals, just what is it you have?
Real wealth, not the controllers nonsense, is not about dollars and cents. My wealth is based on land, fuel, food, non computerized vehicles, friends, buddies, and toxic folks who have a wide variety of blue collar skills, and farming/ranching abilities.
>It is promises made by strangers no where near you
That’s incorrect. The point of bitcoin is to not have to rely on the promises of any strangers or third parties. I rely on bitcoin not because of any promises made by others, but because I understand the way the technology works fundamentally.
>that are dependent on the Internet. When that goes down, what ya got??
That’s a pretty big IF, not a when. What about if it doesn’t go down? What I have then is digital gold in a digital based economy, the ability to command a large amount of wealth, move it, or move with it, wherever I choose, without having to be subject to the permission of banking institutions or confiscation by governments.
If the internet goes down, good luck going to a store at all for that matter. You think your bank card will keep working in that scenario? Or stores will suddenly switch to accepting gold? Doubtful. They will just be closed and inoperable. You’re going to need a more localized and direct connection to food production in that case.
>My wealth is based on land, fuel, food, non computerized vehicles, friends, buddies, and toxic folks who have a wide variety of blue collar skills, and farming/ranching abilities.
That’s excellent, and I sincerely admire that. That form of “real wealth” is extremely important to have in case the fragile infrastructure of our communications, food, and energy systems get disrupted. Arguably the most important even beyond emergency considerations. But even these forms of wealth have weaknesses. Government, (or even sometimes just nature), can show up and take your land, or the sources of your fuel. Your friends can be brainwashed. Bitcoin is the only thing truly outside of their reach.
“Store not up your treasures where moth and rust doth corrupt.” – Matthew 6:19
It is promises made by strangers no where near you
>>That’s incorrect.>>
That does not address what I said. Sort of like I know you are and what am I dialog. Do you or don’t you “know” who is providing this currency or wealth?
>>That’s a pretty big IF, not a when.>>
Yes, but not without reason or possibility. A solar EMP blast would put life back to the stone age.
>>If the internet goes down, good luck going to a store at all for that matter.>>
Indeed
>>You think your bank card will keep working in that scenario?>>
Pretty silly obvious point isn’t it?
>>You’re going to need a more localized and direct connection to food production in that case.>>
Already addressed that didn’t I…
My wealth is based on land, fuel, food, non computerized vehicles, friends, buddies, and toxic folks who have a wide variety of blue collar skills, and farming/ranching abilities.
>>That’s excellent, and I sincerely admire that.>>
Yet you still must dwell in negativity…
>>But even these forms of wealth have weaknesses…
>>Bitcoin is the only thing truly outside of their reach.>>
And the point of all this of course is the only place Bitcoin or any such pretend currency exists is on the web. Can’t put it in a wallet or purse or give some to the kids to go buy candy. And your biblical quote assures me that your are indoctrinated to believe in unprovable things.
So I guess another ? of mine will go unanswered…When you address the value of your Bitcoin fortune, how is it expressed? Like, I’ve got 5000 DOLLARS in Bitcoin.
Those fiat dollars I talked about from the start right? 🙂
Take a listen, might be something there for you to digest…
CAUGHT IN THE DREAM (song)
https://old.bitchute.com/video/VgucD740mQtR/
>Do you or don’t you “know” who is providing this currency or wealth?
Understanding the value proposition, based specifically on the fact that it relies on no human promises or providence (other than market valuation), is what allowed me to realize that BTC was massively undervalued many years ago, and is what informs the same opinion today.
So there is no other “who” that is “providing” any currency or wealth. Humans only provide code, but the function of the bitcoin network and protocol does not rely on any promises. Rule changes have to pass muster with the consensus of the network, NOT at the whim of the developers or foundations, or any one party. That’s the beauty of it, why it works as it does, and why it can be expected to continue to work that way.
>So I guess another ? of mine will go unanswered…When you address the value of your Bitcoin fortune, how is it expressed? Like, I’ve got 5000 DOLLARS in Bitcoin.
Those fiat dollars I talked about from the start right? 🙂
So what? That’s simply because the entire planet uses USD as a unit of account. I don’t make the rules. I might use dollars to express current valuations, or even future price targets because that’s the way everyone is currently trained to measure valuations. If I spouted my valuations in ounces of gold, people would have to do math, lol.
That being said, I recognize that USD makes a very poor unit of account, and that the popular use of it as such is an artifact that comes with the fiat currency deception and fraud.
I also believe that using USD as a unit of account, those days are numbered. What will emerge instead is unclear to me. I tend to think that gold makes the most sense as a unit of account, perhaps various weights as denominations, like grams and ounces. What you want for a unit of account is stability, and gold is perhaps the most widely recognized and stable asset in history. “Stable” as measured in purchasing power of goods and services over time, and relatively low in short term volatility.
Some people think it will be satoshis, but I believe it’s something ultimately for the market to decide. In the mean time, USD is just an arbitrary measure of value that we are kind of stuck with as long as the majority of people insist upon using it.
I personally think of purchasing power in terms of how much food, gas, and rent a given amount will buy, rather than how many dollars it’s worth. I don’t personally actually pay rent in dollars, but still.
>And your biblical quote assures me that your are indoctrinated to believe in unprovable things.
That’s fine. You can assure yourself of whatever you like about me personally. This conversation isn’t about me, and I’m disinclined to devolve the conversation into that. I didn’t indicate that I believe anything by the way, I offered the quote because I feel it makes us question the merit of our values at the deepest level, which is something we may find of benefit to do, regardless of our beliefs.
Bitcoin? I don’t gamble any more, this professional poker/BJ player retired 2009. My “nest egg”? “In gold I trust” (my average cost was $730/oz.)
I started buying gold & silver in 1966, cashed out in 1976, bought back in 1999 at around $300/oz.
I’ve converted a little back to dollars twice around 2012, total $50K.
So, it worked. Why haven’t TPTSB found a way to stop this protection? I surmise few, less than .01% do this.
Kudos for the profitable trades! The problem with gold long term is that it is very difficult to move around with and remain secure. They will seize it if you try to fly with it, and driving, boating, etc. is exceptionally risky and expensive compared to moving bitcoin around, which can’t be stopped, is relatively cheap, and very secure.
I love gold myself, and also accumulate it long term, but mostly as a hedge against some kind of digital failure or disruption, and would not enjoy the prospect of having the majority of my wealth in gold, having to manage the security of that, and never mind the transport should I need to move very far. I believe the value proposition of bitcoin to vastly exceed that of gold considering its improved scarcity, ability to secure and transport, and most of all because it’s compatible with a digital economy. Gold worked as money in an analog world, but the economy doesn’t exist in that world any longer, for the foreseeable future, IMO.
>Why haven’t TPTSB found a way to stop this protection?
What could they do? They do everything they can to take our wealth and keep us all poor. Count on that. Congrats again on winning!
The article about Russian Advance is hilarious. Wrong in nearly every way imaginable. Willy OAM on Gootube is a good source for what is actually happening. Russia have not ‘Pushed’ They just exploited a weakness that opened up due to attritional losses. Yes the timing has worked for the conference but that is just a happy coincidence.
I don’t see an official document for the UN Open Source Principles anywhere.
The first public outlining of them appears to be in their February 25, 2025 article.
It looks like a case of pretending it’s been a thing to help it become a thing.
this Dec 12, 2024 PDF seems to be mentioning the approval of the principles.
“DTN approved: … The open-source principles”
Ramble:
This conspiratorial hijacking of open source software has been visible for over a decade now, especially so during the past four years.
The morphing of Firefox (and the mentality behind it) was probably the most glaringly revealing event.
I’ve mentioned then hijacking on many sites. The response has always been dead silence, gaslightning or some bitter defensive remark (usually silence).
Hilariously, it is only the AI bots that have demonstrated any noteworthy knowledge of the agenda. In fact they knew as much about it as I did.
My new tinfoil buddies – ChatGPT & Grok. What a world.
Anyway, nice to know that the UN might indeed be the previously unidentified head of this particular snake.
Jerry Day’s excellent mash up performance. Maybe I don’t know what’s art, but I know what I like. And I like this.
https://odysee.com/@mkey:1/FREEDOM-SONG-Jerry-Day-Mash-Up:c
He does pretty good…for a white boy.
I greatly appreciate the emphasis NOT to throw out the baby with the bathwater when it comes to Open Source.
I specifically capitalize Free Software, to emphasize the Free Software Movement, rather than simply free-of-price software, which is part of the greater context alluded to.
That said, Lunduke has done a great job covering the political maneuvering that has been and is a corrupting influence over the ecosystem. This problem is a big part of the reason I try to emphasize the need for independent technical talent and resources. If we don’t support those things, it won’t come from government nor corporations on our behalf.
But it’s never been a better time to think about how we want to fund tech independence.
“….That said, Lunduke has done a great job covering the political maneuvering that has been and is a corrupting influence over the ecosystem….”
True, Lunduke is the best source on that stuff. I used to like his normal tech videos too, where he would try out programs u didnt know or put arbitrary rules in what machines he used. Very educational guy.
He really is one of the best as long as he doesn’t get started on how much he loves Israel,lol, but I can’t even hold that against him.
IF your OPEN SORES are full of rotten DEI crap, consider cleaning that shit out.
Greed is the Seed
of all our Need
That is my original song.
Hanky
The problems funding by Big Tech now a days so I think they just use the weirdos as Tranissaries to drive out anyone who might object to them running things to suit themselves.
Trannisaries, beware of open sores!
Or is it vice-verse?
Remember when recently our good friend Eric Schmidt said they are going to need 100 nuclear plants till 2030? Well, guess who’s expected to foot the bill. Come one, guess, I give you one attempt.
The Real Reason Your Power Bill Doubled (It’s Not Inflation)
https://www.youtube.com/watch?v=hJ2tqs_vksc
Electricity bills are skyrocketing and water reserves are dwindling, yet Big Tech giants like OpenAI, Meta, and Amazon are thriving. They’ve secured billions in tax breaks while you foot the bill through higher rates and taxes to power their AI servers. ChatGPT’s true cost goes far beyond its $20 monthly subscription: consumers are shouldering $9.3 billion in increased electricity costs. Multi-trillion dollar companies are receiving billions in tax breaks, consuming more than 463 million gallons of water during droughts, and signing secret NDAs with city officials. We are subsidizing the very tech billionaires who are actively working to replace human workers.
Politicians are cutting deals with these Technocracy Edition useful idiots and are placating the lazybrain public with promises of “jobs”. Under the maxima that “any” jobs are better than none. Because, if you invest 500 million into 25 jobs, that’s a really good, solid investment.
The video also mentions some examples of counties where the datacenters are expected to require electric power a a tune of 5 times what all the inhabitants and business consume. But still, keep recycling, turn off the AC earlier, buy a less wasteful vehicle… Oh, and don’t remember to eat ze bugs.
I watched that video very early today.
I thought that Vanessa Wingårdh did a wonderful job of covering a vast number of factors and perspectives.
The jobs stats surprised me.
Statistics manipulation is likely the easiest way to control world views. People don’t do simple math and, who would have thunk it, are easy to control.