Make a 256-qbit quantum computer, find all the bitcoins in the pool (takes about a few seconds), register them to yourself, and they will all be worth exactly shit when the word gets out. Don’t even need to repeat for every crypto currency out there, because they will all be immediately worthless. Time until that happens, two years, three at max.
Gold is rising. Silver is rising faster. The comments by most experts assume it’s business as usual event in response to the sanction war between USA and China, and to some degree the negative-yield bonds and QE threat. They are not wrong, strictly speaking, because we haven’t seen anything yet. This is the equivalent of Bitcoin rising from $150 to $200. Technically speaking it’s rising, however…
I like physics. It defines things simply and cuts through bullshit. For instance, it defines work (W) as F*s, where F is force and s is distance, meaning that work is using force to move shit around.
An example of work is me moving my desk a meter to the left. That is n units of work. If I then move it back to the starting position, that’s 2n units of work in total.
All kinds of people will tell you, until your ears bleed, how work is great, and it’s the only honest way of earning money.
The problem is, nobody pays anybody to work. People pay you to solve their problems.
The problems can be varied. If they are hungry, they will pay for food so that the problem of hunger goes away. If they are sick, they will pay for medical care so that the problem of sickness goes away. If they need to go places, they will pay for transportation. If they don’t want to go around naked, they will pay for clothes. If they want to pose in front of other people they will pay for the status symbols. If they have a company and there’s too much work for one person, they will hire someone to solve that problem. Always, there’s some problem someone has, and if there’s a proposed solution, and it’s acceptable, money will change hands. Sure, those solutions will require work, however work is not what you’re paid for. You’re paid to make the problem go away.
There’s a saying here in Croatia, that if work made one rich, a mule would be wealthy. A forklift or an excavator does lots of work, however this work is not highly valued, because people value solutions of their problems, and then the marketplace competes in offering those solutions, and if marketplace offers ten physical workers with shovels, or a backhoe with an operator, the people who need an underground pipe installed don’t care how it’s done, they just want it done cheaply, well and fast. They want the problem to go away. If the workers do the digging, they will think their work is what’s worth the money, but they are wrong. If they dug the same ditch somewhere else, not only would they not get the money, they might even get fined for digging holes where they’re not supposed to. So, the same work can be worthless, harmful or useful, depending on whether it solves or causes problems.
I watched some “malicious compliance” videos on YouTube, where employees take petty vengeance on their boss by complying with the exact wording and not the spirit of the request. Essentially, they do the work, but they don’t actively try to solve problems, and their work then invariably causes damage, which they can avoid being punished for because they literally complied with the request.
That’s something the “working class” doesn’t understand. They see how they work all day, and are paid x, and some rich person doesn’t appear to work nearly as much, and earns 10000 x. They see it as injustice. Sure, sometimes it is. Injustice exists. However, I watched a YouTube video of Peter Schiff going out to the “occupy Wall st.” street protest to answer any questions the protesters might have for the “1%” they seem to blame for everything. It becomes immediately obvious why he is a millionaire and they are all broke, and it also becomes obvious why that is perfectly fair. You see, people don’t “deserve” to have money because they exist, nor do they “deserve” to be paid because they work hard. The way people actually make money is by understanding what someone’s problem is, and offering to solve it for a fee. Yes, this might require working to mow someone’s lawn, but you’re not getting paid for work. Try finding a meadow in the middle of nowhere and mow it until you pass out, and see if anyone will pay you money for it. Work itself is not worth shit. Work that solves someone’s problem, however, has market value, but it’s not work that’s valuable. You can replace workers with robots, make work itself almost worthless, and the one solving the problem this way will actually make even more money.
The point where we come to injustice is Van Gogh, who died in poverty and desperation because nobody valued his work during his life, and his paintings are now among the highest valued works of art of all time.
A birdie told me that Deutsche Bank took hold of 9M oz (around 280 metric tons) of silver in the last month or so.
My interpretation: they know what’s about to happen to the price of silver and they are trying to save themselves from the mess they are in due to their rotting fake paper assets. Basically, this gives additional weight to the hypothesis stating that gold is going up, and silver will rise until it reaches the material scarcity equilibrium with gold, around 1:9 ratio or something similar.
I’ve been buying silver like crazy for the past month. There are too many indicators for me to ignore them. Also, DB is in problems that are too acute for them to get into this as a matter of long-term strategy. They must expect something to happen quickly.
Why am I so preoccupied with economy lately, I’m sure some or all of you might ask. I thought about this, and this is what I came up with.
The way people imagine economy working is you have something of value to offer, other people have something of value to offer, you all trade goods and services and the one providing the most valuable goods and services in greatest quantities ends up with most money.
That’s not how it works. Sure, it works that way on the lowest tiers of economy, but as I went into it deeper I discovered other principles in action.
The way economy actually works is that people with swords tell you what is money, after they more-less grabbed the entirety of that resource for themselves. Then people with money tell you what has value, and what goods and services will make you rich, what will make you poor, and what will get you killed.
The foundation of the US Dollar isn’t gold, or oil, not even the mortgages. It’s the US military. You will use Dollar as money, or an aircraft carrier battle group will visit your country and introduce democracy. When you accept using USD in international trade, all your goods and services are valued against a resource controlled by the people with guns, who control the quantity of the resource in supply (basically can print as much of it as they want), and you have to trade for this resource pretending it actually has the value it trades for on the market, because aircraft carriers and democracy. The situation in the late stages of the Roman Empire was similar. Silver Denarius was debased so badly it was basically bronze with trace amounts of silver. The problem was, their military refused to be paid in that shit, so they had two currencies, one for paying the military and one for common usage, until the fall of Rome finally put everyone out of their misery. How Rome forced everybody to use shit currency instead of simply switching to something that actually has value? People with swords.
Pure, naked force defines what is money, and what you can get it for, on the fundamental levels of the economy. If people with swords tell you copper is money, that it’s the most valuable thing and the only thing you can trade for or you and your family will be killed, and that it’s ten times more valuable than gold, you will sell your gold for one tenth of its weight in copper and you’ll say “thank you, kind Sir”. They would tell you shit is money, but then you could produce it, so that wouldn’t work. They actually found something less valuable than shit to use as money, and that’s how we got the US Dollar.
Basically, money is defined through brute force, its acceptance is enforced under threat of murder, and you are a slave.
That’s what economy is, and that’s why I’m completely preoccupied with it. It is telling me the most fundamental things about this world, about its fundamental laws, and intents of its creator. It might literally be one of the most important things for one to learn, as important as the nature of God. Because if something is designed to forever keep you apart from God, and you are enslaved by it, you tell me what’s the most important thing there is.