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.
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.
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.
Not quite getting the context behind the subtext, reading things into things that are not actually there (das ding an nich sich (sic)), having trouble figuring out how many races one one actually won.
Introducing the idiots guide to the noumenal world for first time users, the field guide bringing your fingertips almost within the grasp of the world outside of your own head. Been seeing shadows lurking in the shadows of walls, circles without radii, having nightmares that a puppet is threatening to interfere with your bodily functions, or waking up from dreaming to find you are stuck in a large rhomboidal, concrete box while the seas rise inexorably in a badly broken world in need of repair?
Experience the path to pure deductive reasoning without resorting to actually considering the many ways in which your perceptions irrevocable alter reality. The idiots guide to the noumenal world will add perspective, as your realise that the world could not give a shit about any of your feelings, hopes or dreams and we are all simply an entropic coagulation of stardust parsing information in an infinity of stuff that we will never understand. Stop worrying about tomorrow, it will never actually come and when it doesn’t, it will magically be today. The idiots guide to the noumenal world, today’s, today, today.
Guide only applies to your own reality, time is a construct, not a real phenomenon but none the less utilised to structure our collective entropic existence and as such can be useful, for example, when using transport. Time, the day after tomorrow and the noumenal world are legally protected entities within the big water corporation and are used with or without permission of the author.
Got this crazy Chinese doctor following me around, wasn’t sure at first, but the Dongfeng parked outside the cafe where I supplement my addictions surely didn’t belong to any but a member of our version of the Medicare card swiping class and the order for a ristretto macchiato on low fat fermented mares milk sure did remind me of an episode in the Uyghur reeducation facility where I had spent the worst part of a demi-semester as barista exchange student. A few days later, when I thought the nightmares had begun to pale, a similar looking vehicle discharged the very same, or very similar, individual, now white coated, who proceeded door to door in my apartment block handing out face masks and hankies, telling our burghers to sneeze only into the armpits of the poor and to suffer these fools with an appropriate modicum of pleasure. Well, I fractured my left armpit while dib dib dobbing at a no holds barred Marxist jamboree half a century ago and ever since have been sensitive to changing levels of carbon dioxide, all literary works relating to moonbows and the imagery conjured up when I question the source of that nasty itch just beyond my fingertips. I have heard that apples help, I like the green ones but sometimes they are far too difficult to pollinate by hand, not to mention a tendency towards the tart end of the gustatory spectrum. If I have to cook them down with butter and our local version of what you call cinnamon, will this have the same effect? Will an apple pie keep reality away?
i cannot use my right hand
On which a bug has alighted
perhaps feeding on my detritus
looking for a place to spend the winter
or simply testing my patience
i hope to regain its use in the spring
More tangibly real than a digital copy of a real book. Create your own story within one of our beautiful covers in every color of an extremely dour rainbow. Ever wish you were Charles Darwin in another life, his actual life or perhaps the life of someone else that thought they were Charles Darwin in another version of someone else’s life, perhaps Charles Darwin as he was before the original strand of RNA found a window from which to bring life into existence. You too can own and/or write Dante’s Inferno and choose your friends/enemies to include in their very own circle of hell and/or purgatory and/or whatever was in the third book, trilogies not included.
This offer is not available to subscribers to intelligent design, these books literally cannot be burnt.
We, the sellers of “sin stocks”, the military industrial pharmaceutical complex, the purveyors of guns, sex, money, and/or drugs invite you to share the profit from the reluctance of the majority to be associated with “sin” by entering the market for the time-sharing of sins. Following the successful incorporation of sin with an objectively artificially limited useful life, sin has now become forgiven, unfashionable, and/or no longer able to send you to hell, after and/or before consumption.
A sin shared is a sin after all halved and half a sin halved again has the exponential potential to become barely a sin at all. We are also offering fractional ownership of slightly less sinful sins; fringe sins for the discerning, hipster style sinner. The infinite scalability of the gravity of sins allows us to exchange a trendy small white sin for as little as the flavour of your salt and/or some of the luminescence beneath your bushel. Cross your own private Rubicon within your limited lifetime and in we will throw, (and for free) the sin of omission: “Thou shalt not kill but needst not strive, officiously, to keep another alive”.
Addendum: Mortal sins such as the aforementioned killing are not yet for public consumption as the destruction of the grace of God in the heart of the sinner is absolutely absolute and as such mortal sin is really only safe for corporations.
For free; free books, who doesn’t love a free book, free books abound in the digital ether, written by authors no longer living and transcribed often by those who might rather also be dead, or just dying inside as well as out, or just so so good at typing with a strong benificent streak. Large chunks of the earlier wisdom of humans has been collected so that it can be studiously ignored, and all for free.
Persons who may feel disposed… …on different scales, whether intended to be erected together, or separately, as will be found to unite, economy, convenience, and effect, joined to a considerable saving to those who are not themselves judges of such erections, or how they should be disposed. Terms will be found reasonable.
Can also recommend Ambrose Bierce if you have not come across him, Zoltzman of the 19thC.
Jack London’s Unparalleled Invasion is also a prescient work.
Oh, and of course:
Essays and Dialogues by Giacomo Leopardi
Without constant energy input, money embedded in concrete, glass and steel can only show a return if more money (energy) is constantly added to resist the ultimate certainty of entropy.
where probabilities exist as a function of consciousness but are separate from “reality” – is consciousness “quantum”?
Everything physical is
as such a result
Which observing that any outcome is possible
assigns to each
which can never exist