Profile: f89ea312...

Anybody with political influence and power is going to interact with the WEF at one point or another. It means nothing. In the end, the political leadership is either pulling towards the freedom of the people, or pusing against it. Especially pay attention to their attitude about peoples economic freedom, because most politicians are thieves. That how you judge political authorities.

You know, we are so used to living in a world where if I live in this beach house, you can't, if I use this car, you cant. If somebody brings 10 sandwiches to a conference of 10 people, and I stuff down all the sandwiches, I'm considered a major asshole. But information doesn't work that way. In stead of treating the ability of everybody being able to have the same thing at the same time as a threat, we need to treat it like an advantage. The finite resource is not the information, but the people who use, manipulate it, and apply it to create value. In the open source community, copying of code is rampant, yet the market value of those coders continues to go up. Meanwhile, the cost of imposing information controls on people continues to grow exponentially. At this point, you just can't do it without imposing a tyrannical police state. Ourselves, and our society, can not move forward into the information age unless we drop this mentality that information things are the same as physical things.

No human system is going to be perfect, ever, because people have free will and can use that will to do good or bad. But saying Capitalism can't last long in the real world is like saying, a crime free society can't last long in the real world. That doesn't mean anything. We should still always push for that goal, push for a society where allocated by choice, and not under alternatives that usually involve deadly force. Instead of human will being treated like a threat, we need to take advantage of it exactly like capitalism does.

Also, lets be careful about what we call Capitalism. For example, what part of free market Capitalism would have the state take the dollar off gold by presidential edict and impose a central bank that effectively prints up money for the elite to go into housing, stock bubbles, and govt spending while the rest of us get saddled with inflation, taxes, and debt? Not to mention all the zoning laws that enhance these housing bubbles, and screw over the homeless, not to mention all the regulations that make health care up 10x more expensive than needed. Yeah, capitalism my ass. The USA is a socialist shit-hole.

Replying to Avatar Sourcenode

I've had a couple days to reflect on the Putin interview and watch how others have reacted to it.

This post may trigger some, but I have no control over how people choose to interpret what they read.

First, I will say Putin and Russia's military actions are reprehensible. I will never be an advocate for big government, war, or any sort of violence.

That being said I have not found a major point from the conversation that I disagree with. I am not an expert in European history so I can't comment on the accuracy of the first thirty minutes, but regarding the current global state of affairs, it seems Putin has a grasp on the reality of the situation. He seems to be exclusively focused on Russia's best interest and he resisted several opportunities to trash his opponents.

In comparison, the US has been screaming about Russia interfering in elections and blaming them for our inflation. Neither of these claims have been proven and the latter is completely ridiculous from a monetary policy perspective.

The arguments I have heard against Putin's position have largely been character attacks or appeals to emotion. Both are worth considering, but lack logos. So far I have not heard a logical rebuttal of his claims.

I would like to hear rational arguments against his position if anyone has some points to share.

I have no desire to argue Russia's position or any other nation. My primary interest has always been in fostering peace and a greater understanding of the world we live in.

Well, about Ukraine. It should be remembered that the Russians killed and starved out an estimated 10 million Ukrainians (google Holodomor). There is a deep hatred of Russia in many parts of Ukraine, and for good reason. Also, the NAZI's there are not like the German NAZI's whose philosophy led them to kill Jews and attack Poland. There are most likely NAZI only because the NAZI's attacked their blood enemy, the Russians. I don't think it's accurate to come off like they are the equivalent to the Hitler NAZI's. (Poland also has good reason to hate Russia) I agree with Putin that those Russian parts of Ukraine should have never been Ukraine, and even though I don't agree with them becoming part of the Russian empire, they should have at least been allowed to break off and have self determination. It was stupid to try and keep them under Ukrainian control, and begging to create the disaster that has happened.

Also, I don't buy that Putin was doing this for historical purposes, or the Russians. Those are justifications for him to expand his power base, and economic access. The justifications have a lot of legitimate points, but in the end they were still just raw power grabs. Though I agree with Tucker, that the Russian empire would probably be unable to act expansionist, except for Russian cultural areas.

Also, it doesn't matter that the US promised to not let Ukraine join NATO. Are countries not allowed to change their policies, change their mind? However, it was stupid for the USA to even remain in NATO after the fall of the USSR. This was just begging to create the disaster that has happened today. Why the Fuck is the USA still in NATO? I can not comprehend how this will serve our best interests in any way, but can easily comprehend how this could lead to lots of unneeded and unnecessary conflicts and wars.

I love bitcoin, but the thing is in the real world people need real things. They need real food, not food tokens, they need real homes, not home tokens. For once, we can finally control something that the government can't deny us, but I honestly don't know how far that will take us, because bitcoin capital is not physical capital.

But on the other hand, we also need real capital, not fake capital like those shit-tokens printed up by the Federal Reserve. Once upon a time, the US dollar was backed by real gold, which was real capital, with real physical uses, and during those times our economy grew rapidly. Those days are long gone.

I'm thinking bitcoin might eventually allow for honest price discovery in the service economy, and then that would find a market value against the physical capital economy. During hard times, the service prices in bitcoin would stay about the same, but the physical prices in bitcoin would go up. During good times, the service economy would also stay about the same, but the physical prices in bitcoin would do down. Maybe your construction worker, car mechanic, dentist would charge in two prices, bitcoin for the service, and goldcoin for the physical. That other shit-coin, called the US dollar, will either die out, or go down. The thing is, the more they force you to pay taxes in dollars, the more they force dollar regulatory controls, the more alternatives like Bitcoin go up.

To be honest, I know this is treason for some people here. But I like privacy coins like Monero, because it give the shit-coin dollar nuts less ability to track and control.

1. People in the west believe in shitty govt programs.

2. To finance these programs, they have the state impose a central bank that effectively has the ability to print up money and loan it out at below market interest rates.

3. To protect themselves, people stop saving in currency, and start leveraging themselves into assets, like housing, effectively changing a home from a place to live, to an "investment".

4. To protect their investments, people start to put an immense amount of pressure on the system to up their property values, such as permitting, land use, and zoning laws.

5. This makes housing unaffordable to large populations, and creates a homeless problem.

6. To "solve" this problem, people demand more govt programs. Go to step one, rinse and repeat.

The Fed is stuck. If they raise rates, that will make it harder for people to pay on their debts, you will have cascading defaults in the system, and people likewise dump the dollar. If they lower rates, that will cause more people to dump the dollar because of inflation, make it harder for people to pay on their debts, and cause cascading defaults. As in, they can have a currency crises followed by a great depression, or a great depression followed by a currency crises. Gee, it's almost as if maybe those fuckers shouldn't be in the business of printing up money and loaning it out to begin with. Gee, it's almost as if the market can allocate capital better than a cartel of assholes appointed by the government.

A lot of people are worried about CBDC's. But in truth, I don't think they can compete with what's already out there. They might try to shut down alternatives, but I don't think they can do that either when push comes to shove.