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Doug Casey on the Destruction of the Dollar

Doug Casey on the Destruction of the Dollar

Dollar

“Inflation” occurs when the creation of currency outruns the creation of real wealth it can bid for… It isn’t caused by price increases; rather, it causes price increases.

Inflation is not caused by the butcher, the baker, or the auto maker, although they usually get blamed. On the contrary, by producing real wealth, they fight the effects of inflation. Inflation is the work of government alone, since government alone controls the creation of currency.

In a true free-market society, the only way a person or organization can legitimately obtain wealth is through production. “Making money” is no different from “creating wealth,” and money is nothing but a certificate of production. In our world, however, the government can create currency at trivial cost, and spend it at full value in the marketplace. If taxation is the expropriation of wealth by force, then inflation is its expropriation by fraud.

To inflate, a government needs complete control of a country’s legal money. This has the widest possible implications, since money is much more than just a medium of exchange. Money is the means by which all other material goods are valued. It represents, in an objective way, the hours of one’s life spent in acquiring it. And if enough money allows one to live life as one wishes, it represents freedom as well. It represents all the good things one hopes to have, do, and provide for others. Money is life concentrated.

As the state becomes more powerful and is expected to provide more resources to selected groups, its demand for funds escalates. Government naturally prefers to avoid imposing more taxes as people become less able (or willing) to pay them. It runs greater budget deficits, choosing to borrow what it needs. As the market becomes less able (or willing) to lend it money, it turns to inflation, selling ever greater amounts of its debt to its central bank, which pays for the debt by printing more money.

Doug Casey on Why the State Is a “Parasite on Society”

Doug Casey on Why the State Is a “Parasite on Society”


Allow me to say a few things that some of you may find shocking, offensive, or even incomprehensible. On the other hand, I suspect many or most of you may agree – but either haven’t crystallized your thoughts, or are hesitant to express them. I wonder if it will be safe to say them in another five years…

You’re likely aware that I’m a libertarian. But I’m actually more than a libertarian, I’m an anarcho-capitalist. In other words, I actually don’t believe in the right of the State to exist. Why not? The State isn’t a magical entity; it’s a parasite on society. Anything useful the State does could be, and would be, provided by entrepreneurs seeking a profit. And would be better and cheaper by virtue of that.

More important, the State represents institutionalized coercion. It has a monopoly of force, and that’s always extremely dangerous. As Mao Tse-tung, lately one of the world’s leading experts on government, said: “The power of the State comes out of a barrel of a gun.” The State is not your friend.

There are two possible ways for people to relate to each other: either voluntarily or coercively. The State is pure institutionalized coercion. As such, it’s not just unnecessary, but antithetical, to a civilized society. And that’s increasingly true as technology advances. It was never moral, but at least it was possible in oxcart days for bureaucrats to order things around. Today the idea is ridiculous.

The State is a dead hand that imposes itself on society, mainly benefitting those who control it, and their cronies. It shouldn’t be reformed; it should be abolished. That belief makes me, of course, an anarchist.

 …click on the above link to read the rest of the article…

The Pivot Point

The Pivot Point 


The massive economic shock following the banking collapse of 2007–8 is the direct cause of the crisis of confidence which is affecting almost all the institutions of western representative democracy. The banking collapse was not a natural event, like a tsunami. It was a direct result of man-made systems and artifices which permitted wealth to be generated and hoarded primarily through multiple financial transactions rather than by the actual production and sale of concrete goods, and which then disproportionately funnelled wealth to those engaged in the mechanics of the transactions.

It was a rotten system, bound to collapse. But unfortunately, it was a system in which the political elite were so financially bound that the consequences of collapse threatened their place in the social order. So collapse was prevented, by the use of the systems of government to effect the largest ever single event transfer of wealth from the poor to the rich in the course of human history. Politicians bailed out the bankers by using the bankers’ own systems, and even permitted the bankers to charge the public for administering their own bailout, and charge massive interest on the money they were giving to themselves. This method meant that the ordinary people did not immediately feel all the pain, but they certainly felt it over the following decade of austerity as the massive burden of public debt that had been loaded on the populace and simply handed to the bankers, crippled the public finances.

The mechanisms of state and corporate propaganda kicked in to ensure that the ordinary people were told that rather than having been robbed, they had been saved. In the ensuing decade the wealth disparity between rich and poor has ever widened, to the extent that this week the BBC announced the UK now has 151 billionaires, in a land where working people resort to foodbanks and millions of children are growing up in poverty.

 …click on the above link to read the rest of the article…

This is Water

This is Water


There are these two young fish swimming along and they happen to meet an older fish swimming the other way, who nods at them and says “Morning, boys. How’s the water?” And the two young fish swim on for a bit, and then eventually one of them looks over at the other and goes “What the hell is water?”David Foster Wallace (2005)

It’s the perfect description of a Zeitgeist … the water in which we swim.

We can’t see it. We can’t hear it. We can kinda sorta feel it, if we focus really hard, but only kinda sorta. All the same, because it’s part of a social system and not a physical system, WE create it. Not in a conscious fashion. We can’t set out to create a Zeitgeist. 

But we can be nudged.

It’s like a stadium crowd holding up cards for the TV audience. They can’t see the picture they’re making … they have no idea what it looks like or what their role in its making might be. But they’re told/asked to do it. So they do.

THIS is a Zeitgeist.

What’s the matter, Ben? You got a problem holding this card up over your head? It’s for the troops. You support the troops, don’t you? Don’t you? 

Yes, I support the troops. And yes, I have a problem with this.

Why? Because I don’t trust the State and the Oligarchy to use the common knowledge of “support for the troops” – the crowd watching the crowd express a public act of allegiance to the military, so that everyone knows that everyone knows that yes, it is right and proper to support the troops – for the right reasons.

 …click on the above link to read the rest of the article…

Name the State

Name the State

The number one problem of all public debate about politics and economics is the failure to name the state. If this would change, so would public opinion. 

There is no shortage of examples. People talk about health care for all, solving climate change, providing security in old age, universal educational access, boosting wages, ending discrimination, and you can add to the list without end. 

That’s one side. 

The other speaks of national identity, protecting jobs, making us more moral, forming cultural cohesion, providing security against the foreign enemy, and so on. 

Obfuscation

All of this, no matter how fancy the language, is obfuscation. What all of this really means is: put the state in charge. What’s strange is the unwillingness to say it outright. This is for a reason. The plans the politicians have for our lives would come across as far less compelling if they admitted the following brutal truth. 

There really are only two ways to allocate goods and services in society: the markets (which rely on individual choice) and the state (which runs on compulsion). No one has ever found a third way. You can mix the two — some markets and some state-run operations — but there always is and always will be a toggling between the two. If you replace markets, the result will be more force via the state, which means bureaucratic administration and rule by force. If you reduce the role of the state, you rely more on markets. This is the logic of political choice, and there is no escaping it. 

Diversity in Markets 

 …click on the above link to read the rest of the article…

Government to Facebook Pipeline Reveals a Corrupt Mix of Social Media and the State

Government to Facebook Pipeline Reveals a Corrupt Mix of Social Media and the State

The next time someone tells you that “Facebook is a private company” ask them if they know about the dozens of government employees who fill its ranks.

As the Free Thought Project has previously reported, the phrase “Facebook is a private company” is not accurate as they have formed a partnership with an insidious neoconservative “think tank” known as the Atlantic Council which is directly funded and made up of groups tied to the pharmaceutical industry, the military industrial complex, and even government itself. The Atlantic Council dictates to Facebook who is allowed on the platform and who is purged.

Because the Atlantic Council is funded in part by the United States government—and they are making decisions for Facebook—this negates the claim that the company is private.

Since our six million followers and years of hard work were wiped off the platform during the October purge, TFTP has consistently reported on the Atlantic Council and their ties to the social media giant. This week, however, we’ve discovered something just as ominous—the government to Facebook pipeline and revolving door.

It is a telltale sign of a corrupt industry or company when they create a revolving door between themselves and the state. Just like Monsanto has former employees on the Supreme Court and Pharmaceutical industry insiders move back and fourth from the FDA to their companies, we found that Facebook is doing the same thing.

Below are just a few of corrupt connections we’ve discovered while digging through the list of current and former employees within Facebook.

 …click on the above link to read the rest of the article…

How Social Media Is Becoming an Arm of the State

How Social Media Is Becoming an Arm of the State

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Say the wrong things and you might get kicked off of your favorite social media platform.

Tech titans Apple, Facebook, and YouTube have wiped out talk-show host Alex Jones’s social media presence on the Internet. But the social media crusades weren’t over.

Facebook recently took down popular pages like Liberty Memes and hundreds of other prominent libertarian-leaning pages . In the wake of the Pittsburgh synagogue shooting, social media network Gab was on the receiving end of suspensions from payment processors like PayPal and Stripe and cloud hosting company Joyent. Although these companies did not provide clear explanations for their dissociation with Gab, the media had a field day when they learned that the synagogue shooter, Robert Bowers, had an account with the social media network.

Should libertarians fear social media de-platforming? Or is this a case of private actors exercising their legitimate property rights by excluding those they wish to no longer do business with?

The Blurring Lines of the Public & Private Sector

Since the question of de-platforming has popped up, some conservatives have proposed state-based solutionsto solve this problem. In a role reversal, conservative commentator Ann Coulter suggested that the government pass anti-discrimination laws to prevent social media platforms from de-platforming conservatives. Ideological consistency is a lot to ask for from seasoned veterans of Conservative Inc these days.

Nevertheless, Coulter expanded on why the 1st Amendment protections must be extended to social media:

We need to apply the First Amendment to social media companies like Twitter, Facebook, and Google, because it is a public square, and there is precedent for that and it’s gotta be done, because this is really terrifying, and talk about chilling speech when they’re just throwing people off right and left.

…click on the above link to read the rest of the article…

How Social Media Is Becoming an Arm of the State

How Social Media Is Becoming an Arm of the State

Say the wrong things and you might get kicked off of your favorite social media platform.

Tech titans Apple, Facebook, and YouTube have wiped out talk-show host Alex Jones’s social media presence on the Internet. But the social media crusades weren’t over.

Facebook recently took down popular pages like Liberty Memes and hundreds of other prominent libertarian-leaning pages. In the wake of the Pittsburgh synagogue shooting, social media network Gab was on the receiving end of suspensions from payment processors like PayPal and Stripe and cloud hosting company Joyent. Although these companies did not provide clear explanations for their dissociation with Gab, the media had a field day when they learned that the synagogue shooter, Robert Bowers, had an account with the social media network.

Should libertarians fear social media de-platforming? Or is this a case of private actors exercising their legitimate property rights by excluding those they wish to no longer do business with?

The Blurring Lines of the Public & Private Sector

Since the question of de-platforming has popped up, some conservatives have proposed state-based solutions to solve this problem. In a role reversal, conservative commentator Ann Coulter suggested that the government pass anti-discrimination laws to prevent social media platforms from de-platforming conservatives. Ideological consistency is a lot to ask for from seasoned veterans of Conservative Inc these days.

Nevertheless, Coulter expanded on why the 1st Amendment protections must be extended to social media:

We need to apply the First Amendment to social media companies like Twitter, Facebook, and Google, because it is a public square, and there is precedent for that and it’s gotta be done, because this is really terrifying, and talk about chilling speech when they’re just throwing people off right and left.

…click on the above link to read the rest of the article…

The State weaponizes education to create ignorance

The State weaponizes education to create ignorance

Independent Education: the crisis and the crossroad

A hundred fifty years ago, at least some Americans recognized that all serious discourse depended on the use of the faculty called Reason.

Formal debate, science, and law all flowed from that source.

A common bond existed in some schools of the day. The student was expected to learn how Reason operates, and for that he was taught the only subject which could lay out, as on a long table, the visible principles: Logic.

This was accepted.

But now, this bond is gone.

The independence engendered by the disciplined study of logic is no longer a desired quality in students.

The classroom, at best, has taken on the appearance of a fact-memorization factory; and we should express grave doubts about the relevance and truth of many of those facts.

A society filled with people who float in the drift of non-logic is a society that declines.

Ideologies that deny individual freedom and independence are welcomed with open arms.

When education becomes so degraded that young students are no longer taught to reason clearly, private citizens have the obligation rebuild that system so the great contribution to Western civilization—logic—is reinstated in its rightful place.

Logic, the key by which true political discourse, science, and law were, in fact, originally developed, must be unearthed.

Logic and reasoning, the capacity to think, the ability to analyze ideas—an ability which has been forgotten, which has been a surpassing virtue in every free civilization—must be restored.

Once a vital thing has been misplaced, buried, and covered over by mindless substitutions, people cannot immediately recognize the original thing has any importance, meaning, or existence.

To declare its importance makes no sense to “the crowd.” They look bewildered and shake their heads. They search their memories and find nothing.

…click on the above link to read the rest of the article…

Political Corpses as Propaganda Props

Political Corpses as Propaganda Props

The week-long deification of the late John McCain was quite the deep-state performance:  Three “state funerals”(in Phoenix, D.C., and Annapolis) accompanied by the constant clucking of the “mainstream” media about how the epitome of a deep-state insider — son and grandson of U.S. Navy admirals, mass murderer of Vietnamese peasants, “Keating Five” criminal conspirator, friend of “the right kind” of Middle East terrorists, lifelong government employee whose senate office was ground zero for defense industry lobbyists for the past several decades — is somehow an anti-establishment “maverick.” The televised sobbing of the very appropriately named Senator Jeff Flake was rich, as were proposals to name a government building after McCain and the seemingly endless feigned sorrow in the voices of  television talking heads.

Deep state propagandists and their media apologists apparently believe that a dead politician can be worth his weight in gold if a big enough spectacle of lies and superstitions can be concocted after the “great man’s” demise and used in support of the current regime. As Murray Rothbard argued in an essay entitled “The Nature of the State,” “it is precisely the function of the State’s ideological minions and allies to explain to the public that the Emperor does indeed have a fine set of clothes . . .  The age-old success of the ideologists of the State is perhaps the most gigantic hoax in the history of mankind.”

As with so many other statist stunts and superstitions, it all started with Lincoln.  As Larry Tagg wrote in his book, The Unpopular Mr. Lincoln: The Story of America’s Most Reviled President, during his lifetime Lincoln was by far the most hated and despised of all U.S. presidents but became a “sudden saint” in death.

…click on the above link to read the rest of the article…

The Commons, Short and Sweet

The Commons, Short and Sweet

I am always trying to figure out how to explain the idea of the commons to newcomers who find it hard to grasp.  Here is a fairly short overview, which I think gets to the nub of things.

The commons is….

  • A social system for the long-term stewardship of resources that preserves shared values and community identity.
  • A self-organized system by which communities manage resources (both depletable and and replenishable) with minimal or no reliance on the Market or State.
  • The wealth that we inherit or create together and must pass on, undiminished or enhanced, to our children.  Our collective wealth includes the gifts of nature, civic infrastructure, cultural works and traditions, and knowledge.
  • A sector of the economy (and life!) that generates value in ways that are often taken for granted – and often jeopardized by the Market-State.

 There is no master inventory of commons because a commons arises whenever a given community decides it wishes to manage a resource in a collective manner, with special regard for equitable access, use and sustainability.

The commons is not a resource.  It is a resource plus a defined community and the protocols, values and norms devised by the community to manage its resources.  Many resources urgently need to be managed as commons, such as the atmosphere, oceans, genetic knowledge and biodiversity.

There is no commons without commoning – the social practices and norms for managing a resource for collective benefit.  Forms of commoning naturally vary from one commons to another because humanity itself is so varied.  And so there is no “standard template” for commons; merely “fractal affinities” or shared patterns and principles among commons.  The commons must be understood, then, as a verb as much as a noun.  A commons must be animated by bottom-up participation, personal responsibility, transparency and self-policing accountability.

…click on the above link to read the rest of the article…

Amazon’s Fusion With the State Shows Neoliberalism’s Drift to Neo-Fascism

Amazon’s Fusion With the State Shows Neoliberalism’s Drift to Neo-Fascism

What Lies Beyond Capitalism and Socialism?

What Lies Beyond Capitalism and Socialism?

The status quo, in all its various forms, is dominated by incentives that strengthen the centralization of wealth and power.

As longtime readers know, my work aims to 1) explain why the status quo — the socio-economic-political system we inhabit — is unsustainable, divisive, and doomed to collapse under its own weight and 2) sketch out an alternative Mode of Production/way of living that is sustainable, consumes far less resources while providing for the needs of the human populace — not just for our material daily bread but for positive social roles, purpose, hope, meaning and opportunity, needs that are by and large ignored or marginalized in the current system.

One cognitive/emotional roadblock I encounter is the nearly universal assumption that there are only two systems: the State (government) or the Market (free trade/ free enterprise). This divide plays out politically as the Right (capitalism, favoring markets) and the Left (socialism, favoring the state). Everything from Communism to Libertarianism can be placed on this spectrum.

But what if the State and the Market are the sources of our unsustainability?What if they are intrinsically incapable of fixing what’s broken?

The roadblock here is adherents to one camp or the other are emotionally attached to their ideological choice, to the point that these ideological attachments have a quasi-religious character.

Believers in the market as the solution to virtually any problem refuse to accept any limits on the market’s efficacy, and believers in greater state power/control refuse to accept any limits on the state’s efficacy.

I often feel like I’ve been transported back to the 30 Years War between Catholics and Protestants in the 1600s.

…click on the above link to read the rest of the article…

UK Thought Police: Detaining Opponents “For The Public Good”

Would you want your government to decide who can and cannot enter your country based on how popular their political views?

Would you trust any individual to police on your behalf what speakers are “conducive to the public good?”

The UK Home Office feels it is absolutely the organisation to fulfill this role. It also apparently feels there are certain opinions that you are far better never hearing.

Like those of Lauren Southern, who on the 12th of March was “banned for life” from entering the United Kingdom, after being detained under Schedule 7 of the Terrorism Act (2000).

Southern was told that “by her own admission” she had distributed “racist material.” It is important to note that actually, Southern, however, did not at all admit to the material being distributed being “racist” in nature, she simply admitted to distributing it.

But she, of course, was forbidden to dispute whether her material was truly racist, the mere suggestion that Southern was racist proved ample enough for her right to speak freely being expunged.

What material led to Southern being banned from entering the United Kingdom? A UK Home Office official explained that Southern was “refused [entry] on policy grounds that their presence in the UK was not conducive to the public good.” It leaves anyone who believes in free discourse, without the trappings of state oversight with the question: Should the state really be the arbiter of what is “conducive” to the public good? No, is the answer most sensible individuals will conclude.

You may like the idea of a state you agree with having this power, but what happens when it becomes a state you disagree with?

This decision is far better left to the people of the United Kingdom and any other nation.

But this isn’t just censorship, this is using the potent force of counter-terrorism legislation to silence. An examination is needed. We must inspect the alleged possible ways in which Miss Southern could potentially have posed a terrorist threat and breached the Terrorism Act of (2000).

…click on the above link to read the rest of the article…

You Hate the State, But Do You Hate Politics? How Self Deception and Coalitions Affect Society

You Hate the State, But Do You Hate Politics? How Self Deception and Coalitions Affect Society

Our ancestors weren’t nice people. They kept slaves, looked forward to wars and sent people to concentration camps. It is easy to dismiss them as moral retards, but that would be setting the bar way too low. Slavery is bad, war is violence, and sending people to concentration camps isn’t very nice. Blacks, Jews, and foreigners are not ambiguous classes of people, and violence is unambiguously wrong.

It takes no particular sophistication to see how cruel our ancestors were. But it takesremarkable insight to see such cruelty hidden in plain sight today.

Libertarians are fairly good at seeing cruelty others miss. We see taxation as theft, war as murder and citizenship as slavery. We aren’t naïve enough to think everything will be fine if we have a good president at the helm.

But we make a huge, comparable mistake. We assume the market is a great restraining force against fraud and deception. Now it is true that certain forms of deception are checked by the market. But this is not true of many other forms of deception. There is a real sense in which the market values the ability to deceive. Libertarians are blind to this, at their own peril.

Politics in Business

When I dropped out of college and started working, I couldn’t help seeing that deception is the norm, even in private organizations. There was so much that could have beendone so much better, but wasn’t being done because of political reasons. In my experience, organizations reward prudent predation. What is going on?

Economist Robin Hanson answers such puzzles more satisfactorily than anybody else.In any large organization, there are coalitions which compete for limited resources. Coalition politics is vicious, and a major reason why firms are inefficient.

…click on the above link to read the rest of the article…

Olduvai IV: Courage
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Olduvai II: Exodus
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