Archive for April, 2020

17
Apr
20

Freedum

Freedom is slavery – Corona app – voluntary until we makes it compulsory

Ya mate’s disappeared ya say?

well, he wasn’t a very good Australian, wouldn’t install it even after we asked him nice like,

we sent the tosser to Nauru, no worries though, he can come back as soon as we say he can, unless he gets sick and accidentally dies.

you lot are so afraid of dying a little you’ll sacrifice a few of your own.

17
Apr
20

Money as a construct

 

1. Money doesn’t actually exist
2. Government issue bonds for sale base on a promise to buy these back at a given amount on a given date.
3. Government gets money for bonds and spends it to create revenue
4. The promise to pay is then called government debt
5. Governments can issue more bonds to cover this debt or they can use revenue.
6. Issuing bonds to cover existing debt increases debt
7. The largest buyers of bonds are banks which are allowed to operate on a fractional reserve system.
8. Fractional reserve means that for every dollar they spend on bonds they can issue 10 times (or another multiplier) that amount in currency and charge interest on the loan.

quick summary:
Year 1. government sells $1 to a bank with the promise to pay $2 in 2 years time, government debt is then $2 dollars. Bank can then lend $20 to you today.

year 3. Government doesn’t have $2, sells $4 to bank with promise to pay $8 in two years. Government debt is now $8 and bank can lend you $160.

year 5. Government doesn’t have $8, sells $16 to bank with promise to pay $32 in two years time. Government debt is now $32 and bank can lend you $640.

(Did anyone catch the rice chessboard thing about expontial growth?)

obviously this doesn’t quite work exponentially but the growth coefficient means that debt will increase over time as will the ability of the banks to leverage and sell you debt.

Some companies such as hedge funds releverage this debt – financial crisis in 2008 where a single dollar was sometimes leveraged up to 1000 times.

of course the whole thing is a house of cards where the only guarantee is the assumption that natural capital (the worlds resources) is infinite and productivity (the labor of the working class) will increase in efficiency over time. Both of which assumptions are false.

the myth is perpetuated because, as you see, it makes the banks very very very rich.

01
Apr
20

Haters

People hate because it makes them feel superior, a totally unwarranted but none the less real boost to the ego.
People that hate also tend to have lower IQ, lower EQs and are generally poorer, less educated and much more averse to change.
Is also the reason why “hate politics” is so successful, people vote for what makes them feel good and at least 50% of the population are below median intelligence, so what makes them feel good isn’t necessarily rational but it is rational to want to feel good. By the same reasoning, the more people you can tell about your irrational predjudice the better it makes you feel.
Vegans, gays, feminists etc… and the like are usually in the upper quartile demographically which makes them ideal targets.