Sheldon Wolin is blowing my mind.
I try not to recommend books unless someone asks for my recommendation (I donāt do a good job at it). But āDemocracy Incorporatedā is on another level.
The Jubilee Year. Thousands of years ago, people understood the dangers of debt slavery as they do today. The norm in the Middle East and Europe when a new ruler came into power, was for them to declare all debts void. This would happen every now and then during many rulersā terms as well, as a society not laden with debt would allow for more prosperous and productive citizens. Banks have destroyed this power by taking the power of money creation away from governments. Remember, our central bank is not a government agency, but a collection of private banks who lend money into existence.
On the bright side, your struggle does serve someone. The harder you work, the more you leverage your time and funds, and the more you donate to the finance, insurance, and real estate sectors. Interestā¦fees paid to others to take over mundane tasks, fees paid to maintenance, different types of insuranceā¦. All life-fees that sneak into oneās life when one can no longer manage their own stresses. The bigger oneās life, the greater the donation to the FIRE sector. This is why the allure of growth is sold to us
All of my friends are intelligent people. Theyāre all wage slavesā¦slaves to banks, service companies, real estate, the insurance sectorā¦
Why? Because the system is designed to entice you to keep paying those fees.
ācensorship in the United States has reached such a level beyond anything in my lifetime.ā
-Noam Chomsky
Existence in the US is not pleasant for us because we are a productive economyā¦ but because we wield the guns. Our success rests on the misery of others, whose economies are eviscerated by coerced exchange of natural resources and labor for energy and food denominated in dollars. The forced exchange of these commodities for dollars rather than in any native currencies forces a steady flow of resources from third world countries into the hands of the US.
In the 1840ās I hope I would have been advocating for actions that would lead to the implosion of the southern economy tooā¦not because I would want the financial fallout to affect the people within the region, but because itās existence was maintained by a state of forced servitude of an entire population whoās natural rights played no part in the powerful playersā economic decision making
Iām not hoping for the implosion of the dollar. But Iām definitely hoping that the people around the world can get out from under the thumb of a system that exports its inflation in exchange for commodities and labor. Is the dollarās purchasing power propped up by the fact that the mass of it is stuck in treasury bonds abroad that cannot be repatriated in exchange for anything? For sure. Would empowering these other countries to subvert this system and obtain food and energy denominated in their native currencies help the people there? Absolutely. Would it hurt the dollar? Yeaā¦.but advocating for the destruction of native currencies in order that we prop up the dollar is to advocate for the debt servitude of billions
The countries most persecuted by the exportation of inflation are feeling empowered to push back against US financial imperialism.
Good for them
āDe-dollarization is not a voluntary choice by countries anymore, it is the countriesā inevitable response to the āweaponization project of the dollar.āā
-Iran Vice President Mohammad Mokhber at recent 51st annual meeting of Asian Clearing Union
I should have posted the initial article instead of searching out the miner. Here it is:
Who is mining all these blocks?
https://mempool.space/address/1KFHE7w8BhaENAswwryaoccDb6qcT6DbYY
If you donāt read constantly, chances are that your opinions are the opinions of those around you.
My friends who have a favorite book ā¦ havenāt read enough books
Nothing is more repulsive than the scorn of the popular masses by people who consider themselves the Ć©lite.
ā Berdyaev
If youāre looking to create value, see where the FIRE (Finance, Insurance, Real Estate) industries are injecting massive inefficiencies into and extracting massive profits from our community. Find solutions to give those profits back to the people they exploit
Tech people, disintermediate!
Taking the wife to Playa de Carmen tomorrow. Any Nostriches there? Any Bitcoiners?
ā¦Just sand and heat and inevitable sunburn?
The eliteās use of the ādangerous othersā argumentā¦.
Blame the Russians
Blame the Muslims
Blame the Mexicans
Blame the Blacks
Blame the Gays
How about we embrace all of those similarly disenfranchised minorities and blame the bankers who foment disdain and hatred among the masses š¤
Bank bailouts do not stabilize the economy as billionaires would have us believe. They shift liabilities onto taxpayers. The financial class who yell āfree marketā are precisely those who designed a legal system that protects the rich at the expense of the poor.
I appreciate the way you targeted a ruling class. Many donāt realize that we have a top-bottom power struggle, and they spend their time focusing on left-right relationships, or race relations. We are all victims of a small elite group who thrive on our willingness to be distracted by insignificant differences between brothers