193 Comments
Oct 24, 2022Liked by el gato malo

The Austrians have been the one school to continually teach the superfluous, criminal mature of government and its massively distorting interventions into economies.

That's why it is ignored and treated like the "red-headed stepchild" of economics. Foolish servants of the state like Bernanke receive Nobels while giants like Mises are ignored...

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indeed. the kings are paying the bards that laud them and banishing those who speak of their limitations.

every field that becomes dependent on state funding rapidly becomes political science.

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We should have let the banks collapse in 2008. That would have been a different mess but considerably less so than this one.

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If we had, i bet covid would have never happened. Its funny, people check the stock market everyday because 401ks and the rush of speculating. They never understand that in "capitalism" the most important part of the equation is price and those would lie about price in a system designed around it can surely be trusted on everything else.

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Agreed. Instead Obama gave them the keys to the kingdom, then when it teetered again in Oct 19 they just quietly started printing. Then boom, covid, lockdowns, print like mad, velocity of money collapse to prevent hyper inflation, greatest transfer of wealth up the social pyramid in history, dwarfing the Great Recession. All told printing 10+ trillion to by up the world with, to own everything, then chain everybody to a digital currency.

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Yes, it started arguably the day we went off the gold standard. But 2009-2014 was the QE launch to the stratosphere, and it has only accelerated since. And certainly, the elite of both parties benefit.

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I do think the banks should have been allowed to collapse.

That being said, the banks *might* be our biggest ally at the present moment.

The mother WEFer's are going to force CBDC down our throat. If the Central Bank is going to control all our digital dollarz, well, why do we need banks? They will be made superfluous, as well as the Federal Reserve. All we need is a big computer.

Not sure if the banks and the Fed will be willing to give up their power.

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that what the american colonists called tyranny. This is what Jefferson was describing in the declaration of independence.

"...but when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.--"

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founding

Another component to this pillaging of the middle class is WARS!

How about this guy being prescient about our current state of affairs:

“The great foe of democracy now and in the near future is plutocracy. Every year that passes brings out this antagonism more distinctly.

It is to be the social war of the twentieth century. In that war militarism, expansion and imperialism will all favor plutocracy.

In the first place, war and expansion will favor jobbery, both in the dependencies and at home.

In the second place, they will take away the attention of the people from what the plutocrats are doing.

In the third place, they will cause large expenditures of the people’s money, the return for which will not go into the treasury, but into the hands of a few schemers.

In the fourth place, they will call for a large public debt and taxes, and these things especially tend to make men unequal, because any social burdens bear more heavily on the weak than on the strong, and so make the weak weaker and the strong stronger.

Therefore expansion and imperialism are a grand onslaught on democracy.”

- William Graham Sumner

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founding

They're also paying the lobbyists who are basically the army of the plutocrates.

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https://mises.org/library/what-has-government-done-our-money

Taxes are theft and inflation is COUNTERFEITING

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Oct 30, 2022·edited Oct 30, 2022

They have a strong senior partner in those activities... privately owned "central banks". The bankers and their secret society and "Institute" social networks (e.g. RIIA, CFR, Bohemian Club, Bones, the Jesuits and masonic type organizations, etc.) are the real brains and nervous system of the many-headed "beast". They use those relationships (back channel access and control) as tentacles into the government at all levels (elected and unelected) and especially intelligence agencies, plus strategic corporate leaders (C-suite and board members). The intel people employ various compromise and control techniques (ala Epstein) to increase the efficacy and utility of the top-down influence and control.

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Embezzlement, to be more exact.

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founding

Exactly right.

Here is Richard Thorton's profile of Richard Cantillon on mises.org:

https://mises.org/profile/richard-cantillon

And here is the English translation of his Essai sur la Nature du Commerce en Général, available for free download, as usual:

https://mises.org/library/essay-economic-theory-0

As for Ben "The Bearded Clam" Bernanke, here is what Rothbard had to say about he and his ilk:

"All States are governed by a ruling class that is a minority of the population, and which subsists as a parasitic and exploitative burden upon the rest of society. Since its rule is exploitative and parasitic, the State must purchase the alliance of a group of Court Intellectuals, whose task is to bamboozle the public into accepting and celebrating the rule of its particular State. The Court Intellectuals have their work cut out for them. In exchange for their continuing work of apologetics and bamboozlement, the Court Intellectuals win their place as junior partners in the power, prestige, and loot extracted by the State apparatus from the deluded public. The noble task of Revisionism is to de-bamboozle: to penetrate the fog of lies and deception of the State and its Court Intellectuals, and to present to the public the true history of the motivation, the nature, and the consequences of State activity. By working past the fog of State deception to penetrate to the truth, to the reality behind the false appearances, the Revisionist works to delegitimize, to desanctify, the State in the eyes of the previously deceived public."

~ Murray Rothbard

LvMI is a national treasure. Please support it if you are willing and able.

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one of my all time favs is the section of Rotbards conceived in liberty that deals with the dutch and indians

https://mises.org/library/dutch-indian-relations-deteriorate

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Ive spent the last 25 years reading mises and rothbard and more and the material never gets old

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founding

Earlier this month was the annual LvMI Supporter's Summit in Phoenix.

It is difficult to describe how refreshing and intellectually stimulating it was to be surrounded by hundreds of erudite like-minded people.

It never ceases to amaze how vast mobs of tax cattle throughout the formerly free world are not only completely oblivious to what is being done to them, but have actually been bamboozled into believing that those robbing and oppressing them do so *for their own good*.

Being a member of team reality is tough, but once reality is seen, it cannot be unseen.

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Mises was a Nazi? Seriously? I've heard the "Mises hated Jews" bullshit pushed by that talentless hack Quinn Slobodian, but actual Nazi is a new one on me. But what else would you expect -- these are the same one-note obsessives that slandered Jim Buchanan as a racist and think it's OK to physically assault Charles Murray.

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"patrician plunderfest" 😹👏

This article seems particularly apropos as WEFer Rishi Sunak—a former Goldman Sachs banker (https://maajidnawaz.substack.com/p/just-as-we-forecasted-former-goldman) married to a billionaire heiress “richer than the King” (https://www.dailymail.co.uk/femail/article-11347709/Who-billionaire-heiress-Mrs-Sunak-Akshata-Murthy.html) and whose “Family Runs a China-linked, World Economic Forum Partner Company Pushing Digital ID and Social Credit Scores” (https://thenationalpulse.com/2022/07/16/company-founded-family-of-uk-prime-minister-frontrunner-is-wef-partner-advocating-for-china-style-digital-identities-currency/) — is poised to become the next prime minister of the UK.

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Technocrats love the idea of controlling people's behavior by controlling their spending. Our money is the last means we have for registering our preferences. If we can't vote with our dollars, we certainly can't vote with anything else.

https://dystopianliving.substack.com/p/imf-your-opinions-will-affect-your

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Second only to a nuclear conflagration, the loss of cash currency will ruin us.

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There is reason for optimism. On the West Coast, they already have a "California barter" trend growing rapidly. When people lose faith in the system, they create their own systems.

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care to share some links? I need some optimism today. tia

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No links on hand, but now I know what my next article will be about. 😁

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Barter is a non-solution to the problem of fiat money, due mainly to requiring the double-coincidence of wants.

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Not a long-term solution, no. But it does show that people aren't just rolling over and dying; they are improving and adapting to work outside a failing system. From barter to a non-fiat medium of exchange is a very small step.

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I think I'd rather lose the grid world-wide (without nuke strikes on cities. Well, OK - the world could certainly stand to be rid of Rome, London, Washington DC, Brussels, Basel, Beijing, Tel Aviv, Jerusalem, Mecca, & Medina). If the world's electricity was EMP'd then we would be forced to keep using cash because their damned CBDC/Social Credit Slavery System would be Dead. In. The. Water. True, so will a large portion of humanity, abruptly without electricity. But let's be honest here - we ARE going to lose a shit load of them anyway, from the bio-weapons, the deliberately created famines, (soon to be full-on) wars, and energy shortages. The primary difference in the people making (somehow) a pre-emptive EMP attack is we would then have a fighting chance against the bastards, if everyone has to go "off grid". We don't stand a snowball's chance if the "patrician plutocrats" and transhumanist WEF'ers and their various pet Militaries & BigTech get to keep all their high tech surveillance, weapons, and financial systems running....

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Best advice: if possible, use CASH every day for every purchase.

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I use cash for most incidental purchases below about $100. It's inconvenient, but I use the opportunity to explain why. Amazing how few people understand the implications of a cashless society.

It irks me that many retail ATMs limit you to $200.

Impossible to travel on cash alone.

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I've talked to people about it as well.

I was at a craft store and a young black women (maybe 25) used cash for a large purpose and knew all about CBDCs.

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I often comment "cash is king" when I pay with cash, and most cashiers chuckle or nod in agreement.

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Dump you Starbucks habit... when they stopped accepting cash, I stopped buying their dubious quality coffee and ever shrinking food items.

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LOL. I don't have a Starbucks habit. What a waste of money!

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founding

You're right.

But there are times when you have to use your feet and "lose" money to bring their control under your heel.

I fear that in many places in the country we may be left with only that alternative.

Sometimes you have to create your own preferences by seeking safe harbor...which usually doesn't feel safe when presented with such predicaments.

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I live in the South, and have seen that happening for the last several years. The number of Northern refugees voting with their feet, and pouring into the free states (or at least "freer") is staggering.

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founding

I'm one of them! Moved to FL in April of 20'.

Didn't want my kids to cover their faces.

Best decision of our lives.

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I was literally just discussing this with my 17 y/o. There is some hope for our children if we can protect their future!

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Great job collecting all that incriminating evidence in one place. With that in mind, it is very easy to see what is going wrong in the UK.

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I'm glad you found it helpful, Richard, and yes, indeed. The globalists are doing everything in their power to thwart the people's demands for Brexit, and Rishi is just the bloke to serve them Britain on a platinum plate. Let's hope he breaks Liz Truss's record for shortest-serving PM in history.

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Perhaps he was selected by the white hats, like brandon was, to be sitting on the hot seat when the house of cards collapses... EU is failing, ECB/BIS not far behind. Fed will last a little longer, but the writing is on the wall. "You cannot change the laws of physics, Captain." Nor the laws of economics... regardless of who you call 'the science.'

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Interesting conjecture on Sunak. I heard elsewhere that Truss’ role was as a placeholder til the white hats could fix the game for the next, presumably (??) close to final moves to takedown? All hearsay. I truly have no idea!!!

I am sooo uneducated as to miss the primary link between ECB fail -writing seems on the wall- and simultaneous BIS fail. I thought the City of London was the major power at BIS? I mean, yes the house of cards collapse is already in slow motion (though in the history it will be described as rapid, unprecedented, pick your astonishing speed adjectives). I suppose any sequence is speculation.

Also heard something about centralIZED bankING digital currency, meaning not central banks running the show -CBDCs as understood- but a system that by virtue of blockchain will not be broken up into national currencies - again to be clear no central bank control. Precious metals integral to value. ???

I know less than the tip of the iceberg about banking and financial markets. Woe. I’ll never catch up. Aiming for cash transactions as much as possible. My best contribution to any semblance of stability. Ugh.

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Oct 25, 2022·edited Oct 25, 2022

Yeah, this stuff is happening on levels of the board we cannot see. But we can see some of the effects, and watch as the chickens come home to roost.

As for BIS, City of London, BoE etc... they are all part of the 'Great Failure,' all interconnected to the point that 'where they go one, they go all' to borrow from the Q-anons. Only banks far removed, and somewhat independent, Bank of Russia perhaps, will be able to navigate through the shrapnel when the system explodes. And these things happen in an ever-accelerating trajectory, as always.

As for what comes after, we will have to wait and see.

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Jesus H. Christ.

And I thought that Jeremy Hunt was bad.

Wow, just wow.

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Which would you prefer, a fecal soufflé or a diarrhea vichyssoise?

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Which one has endives?

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😂 I’m sorry, those sold out with the excrement potage.

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Supply-chain issues hitting everything these days.

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Yes. We, in the U.K., are totally screwed.

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Tavistock is ground zero for what the rest of us are getting shoved down our throats. The Bloodlines / Jesuit / Royals alliance found a strong US military very useful but it looks like that phase is wrapping up, and the "US Consumer" (the "5% who use 20% of the resources") will be flushed down the toilet of history by 2025, or 2030 at the latest. The predictive programming and gematria clues are compelling.

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Oct 24, 2022Liked by el gato malo

Early on in my finance career I marveled at how most of Wall Street was a blue hell hole. "How is that possible I exclaimed - they are supposed to be capitalists." You have of course answered my naive question here. They are the the opposite of capitalists, they are entitled crooks. And where there is organized cronyism, there is blue. Silly capitalists. Playing by the rules gets you nowhere.

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indeed.

and you see the shift as you climb in size.

those running small funds tend toward libertarian lean because they are out seeking edge in markets but as many rise, they find that the ultimate black edge is government co-optation and unlike other forms of cheating, so long as it succeeds none dare call it black edge. (oddly like treason)

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Even most Republicans are socialists. You basically get to vote on minor differences on how much socialism you want. Only few politicians are true liberals or libertarians in the sense of the Austrian school (eg Rand Paul).

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‘... price is the one ring to rule them all. it determines production, consumption, investment, trade offs, and time preference. it’s the entirety of the ball game.’

Which is why anything provided by Government has no price so only political interests rule. But anything provided by Government is a non-contestable monopoly so price would still not rule. (Odd that isn’t it? All Governments are against monopolies as being bad for consumers... except their own monopolies which are best for consumers, particularly the convenient, ubiquitous ‘poor’.) And no price means there is no way of assessing efficiency, which could otherwise easily be assessed by subtracting cost from market price... aka profit/surplus. On a positive note: BlackRock has lost $1.7 trillion of clients’ money in six months, in part due to a lot of US Red states pulling investments because of ESG. “LONDON — A former BlackRock executive has outlined why he now thinks that sustainable investing is a “dangerous placebo that harms the public interest,”

You don’t say. Go woke, go broke - strikes again!

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The only real market left might be the (not very ESG named) black market.

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Zee "trickle down" catfood brand, or,

Zee "green shoots"

Hmmmmm.

All for meow, and non fur thou.

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There are a lot of people believing their grotesque wealth is a consequence of having created superior value, when in fact it is just an elevator car they’re in with their own farts. You can see it in the fiat monstrosities they build, leering over the sand dunes like vultures in the charnel yard.

It also creates a sense of depression and anxiety among people at the other end, working hard 8 days a week and creating the value, making the actual things, and then not being able to even take a vacation traveling coach because it requires two “middle class” incomes to keep food on the table.

I am often advising my friends and clients, “look, money has become divorced from value so stop thinking about your value in terms of your money. Focus on money, at the moment, as the equivalent of hunting and gathering, and leave the envy, comparison, and self-reproach at the door. Otherwise you let the bastards get you down. They don’t deserve it, but they can’t take it with them, either.”

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this was Thomas Jeffersons argument against a central bank

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Indeed. The only thing Hamilton got right was federalizing the debt. Watching the EU with its single-currency-but-individual-state-debt system crash and burn has proven that. Consolidating the wealth and power in the hands of the government, not so much of a good call.

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Consolidation of wealth and power is exactly what Hamilton achieved. Calling it 'right' is questionable.

The constitution was a coup and a fraud. Individual sovereign states in a confederation could have repudiated excessive war-debt.

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With corruption so endemic and pervasive, is there even a baby in the bathhouse bathwater that is today's America?

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Yes, there is an old, weird, America, and it is beautiful. America is just so big and diverse - it's so many countries, really. Patrician, rarefied New England with its blue bloods and white steeples, what remains of the great glittering promise and pulse of New York City, the sultry dark delta lands of the Deep South, mystical and moss-veiled, the silent watching hollers of southern Appalachia, where you feel a thousand eyes you cannot see, the brash and bare-chested big sky country of the West, the rattled-loose clown-car creativity of the West Coast, the dusty-booted Spanish-eyed Texas, the palpable generosity of the rolling Heartland, the sepulchered relics of the cradle of American civilization in the catacombs under the Mordor of the Mid-Atlantic; you could never leave these shores and still never see it all.

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Dang, Sarah, that is beautiful. Did you freestyle that just now?

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I freestyled it last night in a similar conversation:) Funny how the same topics come up at the same moments.

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Indeed! It's almost like we're all connected on some level that isn't directly observable using physical means.

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More and more of the (mostly) un-jabbed are finally starting to tune into "the field". It feels like "the field's" strength has been increasing, or some people's frequency has (maybe some of both). It's still a bit of a fringe concept (even here) but there's also a fair bit of conjecture in some of the less well-lit corners of the room that one or more of the "not fully identified vax ingredients" are playing a role in somehow cutting the jabbed off from "the field", even in the face of it's increasing strength. Yes, I realize that is solidly in the "woo category" for most. But if that's currently unknown territory, it won't be for much longer. People would do well to get familiar with it, real quick...

I am concerned that this "field recognition" process may not be happening fast enough for the rest of the "salvageable lightbulbs" to flicker on before the "patrician plutocrats" and their minions are able to achieve their ultimate takeover/inversion. That is to say - somehow gain the ability to and achieve their goal of cutting all of us off from the correct, natural energy of "the field" - so they can hard-wire us to their trans-humanist matrix / metaverse / 8th Sphere realm. Like flipping a switch at the breaker box and cutting us over from normal current to generator power that has a very dirty sine wave. And then holding us hostage there forever, threatening to quit fueling our generators unless we do exactly as told - e.g. take boosters, eat bugs, live in a shoebox, no travel, give us your kids, no more wrong-think....

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I belong to “the field” school and acknowledge its vast store of mysteries.

Keeping it short, I am seeding the following simple, brief exercise / meditation at every opportunity. For each to take or leave.

A 10-30 second meditation, longer, as long as you like if it works for you.

In the mind’s eye picture the planet 🌎 surrounded by and infused to her core with brilliant golden-white light. That’s it.

If you’ve got the attention and agreement of the listener/reader that what’s afoot on the planet is *dark* the “argument” is, there’s only one way to extinguish the dark and that’s with light. They don’t have to hear a word about the field &c.

Send light to the planet. It’s so simple.

I try to acknowledge that “light” is conceptual, not literal. The thought, the concept, has energy (quantum physics) and if millions or billions of minds contribute in this way maybe a few times throughout their day it can’t hurt!!! Even if one person does it!! That, and there’s also an opportunity to double up and if you’re so moved, send love as well.

Even the coming awake jabbed can do it. And I wouldn’t go there in conversation but for you, in terms of what we don’t know, I speculate that the energy from going through the exercise, the high vibration energy of light involved in some way with their being, may help their healing? Dunno.

For your consideration, to use and pass forward if you deem it worthy.

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I may be overly optimistic, but I don't think there's anything these sociopaths can do downstream, here in the material realm, that is capable of blocking our upstream connection.

As one of my favorite poets, Rabindranath Tagore, wrote, "Your idol is shattered in the dust to prove that God's dust is greater than your idol."

These new idols will be shattered in the dust, right along with the old ones. It's just a question of when.

https://dystopianliving.substack.com/p/prescription-drugs-cant-cure-spiritual

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founding

Incredible! Thanks for sharing.

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But that kind of diversity was not good enough, was it? No, for some reason that is never fully articulated because to do so would reveal the truth; the USA's actual diversity that made her unique and was so sinful according to the orthodoxy of Progress that the uniqueness was perverted into an endless obligation, an original sin in which absolution requires self-immolation into a purer form of Diversity reserved for her shores - and eventually others who dared share similar shades of heritage. Extra credit if you can define that sinful trait of diversity. Hint: Progress's definition of Diversity is the absence of that.

Anecdotally and totally unrelated, my small, safe, idyllic western cowboy town where I grew up has no more cowboys, is riddled with crime and blight, but has a walmart and really good tacos. The picture you paint is beautiful, but the past is a foreign country. It does not exist. The few patches that still reflect those salad days are targets of cultural enrichment by our betters in the cloud. Those places must be destroyed to make way for that better USA.

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They are out there; I hear the whispers and see the palimpsest.

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I'm with Sarah on this. As Robinson Jeffers wrote, "When the cities like at the feet of the beast, the mountains will remain."

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the great Robinson Jeffers. Have one of his original books, the Roan Stallion.

I used to have a stanza of one of his poems committed to memory, but it won't surface right now.

Dang head is getting old.

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Glad to see another fan on here. Jeffers was a true original. The mainstream didn't quite know what to make of him, so they just ignored him.

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How about stunted peaked-faced New England that makes it through grim winter to uncertain spring and trying to get a harvest out of stony ground before the frost comes again?

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😂

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Well, I wasn't trying to be humorous here to be sure.

My first winter, up here from NY where we had those wonderful steam radiators and hot water that comes out of the taps whenever you want it, all paid for as part of the rent or the maintenance charges, to a place where the tenant's apt. carved out of a stately old house had electric baseboard heat and a propane tank for the hot water, both paid for separately by the tenant who hadn't quite realized what she was getting into--

I turned the heat on, to the minimum possible, that November when three pairs of socks weren't keeping my toes from aching. My winter months' electric bills averaged close to $600/mth.

Next winter started coming around, I sat in my place crying because I didn't know how I was gonna afford to stay alive.

Things are better now, I moved once I was eligible for Medicare and could stop paying COBRA rates for my health insurance and could put that money towards rent instead.

Many other people here are gonna freeze this coming winter, no exaggeration. Their babies are gonna be sick from now until May.

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That is heartbreaking. I thought you were being satirical. When society descends into self-parody, comedy becomes indistinguishable from tragedy.

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I'm much more fortunate than many. I have an adult child who loves me and gives me a lot of help. When I first moved up here my kid's financial situation was considerably less good than now. And no decent parent wants to be a burden to their kids.

I was shocked when I saw the face of poverty up here because I live in a nice small town (calls itself a "city") very largely politically blue. The fine folks who run it don't give a damn about the daily reality of people who don't look so middle-class as I do. They never ride the bus line that takes people without transportation of their own to the shopping plazas. They don't understand what it means that the only supermarket in walking distance closed a few years ago. The public bus line doesn't run on weekends.

The people who love me won't let anything bad happen to me that they can prevent from happening. A lot of people don't have that cushion.

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Where have you gone, Joe DiMaggio...

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Jesus loves you more than you will know. Whoah ho ho.

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Thank you for the "like" Lex. Minor correction though- the next line is- "a nation turns its lonely eyes to you". I know- picky picky

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That's what I get for trying to go by memory. Still, at least you know I got the reference. 😁

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here's to you Mrs Robinson, Jesus loves you more than you could know, is how I remember it, from the fantastic film The Graduate

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Damn it, you're right. I knew we were talking about The Day the Music Died, but my brain did a mashup with Mrs Robinson. Oh well, at least it rhymed.

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Oh, it's a stunning country, no doubt.

I should've clarified by stating that I meant our government and institutions.

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Then, yes. The baby drowned a long time ago.

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The people are the baby. The system is the water.

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Bravo, Gato! A tour de force.

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The right left illusion of politk is a lot like that of current year "economics". Rent seeking and regulatory capture are the piston and cylinder of our "Economy". While the "go woke, go broke" meme in the meme wars is a great battlefield tactic, it fails to account for the full landscape of battle.

Whatever billions are "lost" by Globocorp raising the rainbow flag and slitting throats of productive white men, they are making up in territorial gains in the engine that is plutocracy - or Globohomo. We tend to project our own rational motives to that of the enemy - as well as the flawed premise that they too desire to build, create, and serve something greater. Thus, our overarching strategy to address the issues as we see them also fails.

The cloud people that control the administrative state / managerial state / permanent bureaucracy that monopolizes every day regulatory power as well as that of the bodies of lawmaking and judicial fiat, answer to those who conjure money from thin air and the self-propelling value harvesting machines known as Corporations. That some happen to make actual useful things only further entrenches them into the halls of that power but the System to which they subscribe is one of destruction and looting. When hitched to power and money creation, what does it matter if "society" burns? We need to orient our minds toward separation instead of the trappings of "muh free markets" and other nice ideas that never really existed or are divorced from human nature like "libertarianism."

See also, Elon.

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You seem to understand how the state and state-connected rent-seeking fails to produce value.

Libertarianism (at least in the austrian tradition) is the only ethical framework that fundamentally opposes that.

Perhaps 'human nature' is not so homogeneous across ethnicities.

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Modern Monetary Theory (MMT) is the new financial religion that has been playing out over the past 30-40 years and, like the other current semi-theosophist fantasies of Climate Change, Critical Race Theory, and Persons With the Capacity for Pregnancy, is such complete and utter nonsense that it defies belief.

Basically, MMT allows Government to print money at will, without fear of downstream consequences like inflation or debt default. The US Gov’t political nattering-nabobery bought into this in a big way, especially since 9/11, and REALLY especially since Biden took office. We are now reaping the warned-about consequences that politicians of all stripes blithely dismissed because they were having so much fun spending all the dollars that the Fed was printing.

So now, as so commonly happens, everything embedded in karma’s principle of “what goes around comes around” has brought about the arrival of multitudes of consequences, both the eminently predictable and the inevitably unforeseen, and they are coming home to roost, along with the entire population of the cows, with a vengeance. We are being ushered into a hurricane of economic and social trouble the likes of which has never before been seen.

To make things worse, a trifecta of governmental blundering is converging into the initial stages of a massive slow-motion train wreck that is reaching global proportions.

(1) The absolute crushing of the business world, the social world, and our constitutional rights and freedoms with the lunatic responses to the terrorist attacks of 11 September 2001 and then to Covid

(2) The MANY Trillions dollars of spending (Obama’s “Shovel Ready” projects, Covid “stimulus” spending, The Inflation Reduction Act, The Green New Deal, the Fed’s massive “Quantum Easing”, etc.) while using MMT as a rationale/excuse for dismissing any and all objections

(3) The Western world’s incomprehensible response to Putin’s invasion of Ukraine and the (predictably) resultant global shortages of Natural Gas, Food, and Fertilizer (…and nuclear war anybody?). All of which is being exacerbated by the green-grifters Climate Change driven flight from reality as they shut down reliable sources of energy production in favor of windmills and sunshine, and in the ongoing worldwide efforts to eliminate fertilizers and herd animals.

In all the resultant sturm und drang, it’s obvious that nobody really knows what is going to happen or how we are going to get out of what we have wrought. This is evident in the panic that is creeping into all sides of the political world, especially in Europe. Climbing out of this is going to be a painful and years long (possibly decades long) process and all the while the politicians will continue to point fingers at each other and continue to make things worse. The only possible solution is the dismantlement of the governmental bureaucracies that were put in place, and have grown so massive, since the last time the very same atrocious political decisions caused similar crises in the years leading up to WWI, 1929, WWII, etc.

So far, I have not seen a single political actor proffer an honest acknowledgement of the seriousness of our current situation, much less a path forward that is informed by the remotest recognition, and acknowledgement of, reality.

Here we go again, only worse this time. Ain’t it fun and buckle up buttercup!

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"someday soon, we will all be sitting down to a breakfast of consequences"

Guy MacPherson (I think)

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MMT = Magic Money Tree

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In the 1970s or so there was a joke told among Soviet state planners; regarding that old saw of Communist ideology: the eventual World-wide Communist Revolution; the expectation that the revolution that had taken place in Russia would eventually spread world-wide and hence the resulting efforts to promote that, etc. The joke went: "When the world wide revolution is finally accomplished we'll have to keep one country with a capitalist (market) economy.... just so we know what things cost!

In a planned economy "pricing" resources was at best arbitrary and at worst completely wrong; Soviet central planners did, in fact, rely on price signals from the capitalist west to do a little better job.

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They were literally ordering Sears catalogs.

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Another reason why Bitcoin is such a huge deal. The blessings of Cantillion, for once at least, went to those who were not connected but paying attention.

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Where did bitcoin come from again? Hazy suspicious beginnings and so forth, you don't think its just a nice relief valve for inflation which also conveniently leads to CBDCs?

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CBDCs and Bitcoin are as different as the cathedral and the bazaar. I don't care if it came from the CCP or the CIA, it is the work of a dissident, an anarchist in the best sense of the word.

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Mrrrrow... can someone smell “fascism”? ( not the postmodern definition being used by the real fascists, either)

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Over Here, it may be referred to as "Quantitive Easing"...

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So if you and I print fake money it is counterfeiting and debauches the currency which is why it is a crime, but if Government prints fake money it is quantitive easing and debauches the currency but it is not a crime. Funny old World.

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EL GATO:

Do you remember the Trans Pacific Partnership and its Atlantic equivalent? That is the future they have planned, and that was out before even the great reset. These people tell you what they're planning because they figure so few will even pay attention. Funny if it wasn't so sad.

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