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    • Mon, Nov 10, 2008 - 08:41pm

      #19
      Majormoney

      Majormoney

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      Re: Peak oil is NOT peak energy

    "Liberator" and "switters"–

    Thank you both for your excellent comments.

     

    • Sat, Nov 01, 2008 - 03:20pm

      #5
      Majormoney

      Majormoney

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      Re: Chapter 9 forum maintenance

    Thanks for your responses.

    Am I sure that I was looking at the Chapter 9 forum when I saw ‘earlier’ posts?

    I’m sure.  I remember seeing the one that exists now at the top of a list; and I remember responding to some of the others that are no longer there.  There’s a gremlin afoot!.

    With respect to an EDIT button on the first post in new threads: I understand what you’re saying about changing the original–some of the responses might no longer make sense.  I’ve started a couple of threads, and I use the ‘preview’ facility extensively to get rid of typos, etc.  But after posting, I usually think of something else that I should have said.

    Am I corresponding here with Chris, or Erik, or someone else?  No matter.  Absolutely FABULOUS site!

    • Thu, Oct 30, 2008 - 09:05pm

      #5
      Majormoney

      Majormoney

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      Re: Who Caused the Economic Crisis? Nice Summary

    The list of "causes" involves the players in the fraudulent money game.  But the real cause is the nature of the game itself as it is played today.

    All of the fiat money systems of the world are bogus.  They are not backed by the confidence of individuals in the Marketplace.  They are backed only by the tax collectors’ guns.  Coercion cannot be the cause of confidence; coercion destroys confidence.

    None of this would be happening–none of the listed "causes" would be problems–in the presence of the ultimate symbol and substance underlying confidence in the Marketplace: the Gold Standard.

    The ultimate cause is the absence of the Gold Standard.  All the other "causes" are secondary, incidental, and trivial.

    Again, there are no rational alternatives to the totally free Marketplace.

    • Thu, Oct 30, 2008 - 03:22am

      #3
      Majormoney

      Majormoney

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      Re: Chapter 9 forum maintenance

    Several days ago there were several threads in the Chapter 9 forum.  But a couiple of days ago all but the latest one disappeared.  Can you locate and repost those earlier missing messages?  Some of them were very interesting.

    Also, while I have your attention: Most of the responses to the initial posts in new threads have an EDIT button on them; curiously, the initial posts do not.  An EDIT button on all messages would be helpful.

    Thank you.  Great website!   (That’s not good enough: FABULOUS website!!)

    • Thu, Oct 30, 2008 - 02:08am

      #4
      Majormoney

      Majormoney

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      Re: Crash Course review published

    mainecooncat & reubenmp3 —

    Sorry, Gentlemen: Wrong on just about every count.  You too have been ‘conditioned’ by the Government miseducations that all of us received.

    There is a very broad and deep intellectual history here which ‘you can look forward to the pleasure of discovering.’

    As for the revolving doors between Government and Big Business: Of course!  Big Business seizes and exploits the machinery of Government to gain unearned advantages for itself in the Marketplace; e.g., the current banking bailouts. 

    This is not the fault of the Marketplace.  The totally free Marketplace–without Government–would permit none of this, because there would be no ‘legitimate’ legal mechanism to be seized and exploited by those clever enough–and crooked enough–to do so.

    But this IS the fault of endless generations of so-called political philosophers–from Plato to Machiavelli to Hobbes to Marx to the present–who have been busy creating bogus rationales for Government Power and Control; bogus rationales for Government Coercion and Violence; bogus rationales for Tyranny at the expense of Liberty; bogus rationales for Government Chaos, Destruction, and Death.  200 million killed by their own Governments in the 20th century alone, in addition to all the wars.  Auschwitz, Buchenwald, and Belsen.  Dresden, Hiroshima, and Nagasaki. And now the idiocy in Iraq.  How much more evidence do you require–that something very fundamental is very, very wrong?

    Again, please see my post in this forum: The Fundamental Problem.

    There are no rational alternatives to the totally free Marketplace. 

    Do yourselves a favor and visit http://www.tolfa.us 

    And then follow up with http://www.strike-the-root.com and http://www.mises.org

    Prepare for a paradigm shift in your conventional world view. 

    Please do me a favor too: Let me know how it goes.  🙂

     

    • Tue, Oct 28, 2008 - 08:38pm

      #12
      Majormoney

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      Re: How about foreign countries?

    The question has been asked: How can an economy grow indefinitely if the money supply is relatively fixed–e.g., if Gold IS money?

    All exchanges are essentially barter. Money comes into existence because all exchanges are expedited if one side of all exchanges involves the same commodity, e.g., Gold.

    But we don’t need, or want, a parallel system in which we have various forms of wealth: land, buildings, etc., and then a second system, money, which represents ALL of those other forms of wealth.  We need money only for transactions.  We need money only when the ownership of other forms of wealth is changing, only when other forms of wealth are ‘in play.’

    At any given point in time, only a very small percentage of the existing wealth is being exchanged; only a very small percentage of the existing wealth is ‘in play.’  Money is needed to facilitate those exchanges; and any given ounce of Gold can serve this function, over and over again, indefinitely.

    If the money supply, i.e., the Gold supply, is changing in sync with the total wealth in an economy, then prices will be stable.  If the money supply, i.e., the Gold supply, is increasing faster than the total wealth in an economy, then prices will rise.  If the total wealth in an economy is increasing faster than the money supply, i.e., the Gold supply, then prices will fall.  But ANY Gold supply will suffice; prices will adjust accordingly.

    Again, money is a universal substitute for the ‘other commodity’ in all (barter) transactions. The monetary system must be anchored to SOMETHING, so these various transactions can occur in an orderly fashion; i.e., so that accurate forecasting can occur, and so that CONFIDENCE is maintained.  But all of the monetary systems in the world today are anchored to NOTHING; and the result is the continuing crises in confidence which are destroying the present irrational monetary systems.

    BTW, Gold is not a "substitute currency" as the previous poster stated.  Gold has been the voluntarily accepted medium of exchange throughout the civilized world for five thousand years.  The "substitute currencies" are all the bogus scraps of government paper that we are expected to use in place of Gold. 

    There are no rational alternatives to the TOTALLY free market.

    See my post, The Fundamental Problem, in the Chapter 20 forum. 

     

     

     

    • Tue, Oct 28, 2008 - 05:12pm

      #4
      Majormoney

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      Re: The Governments Grand Plan

    randallriggs, starbucks2, joe2baba, and many, many others–

    There IS a ‘grand plan’ in addition to whatever conspiracy theories we may choose to believe.  The ‘grand plan’ is the Power and Control that Government exerts over the Marketplace.  It goes back to ancient times: "To the victor go the spoils."

    2300 years ago, one of the greatest men who ever lived tried to teach mankind that contradictions do not exist in reality, but only in the minds of people who do not think clearly.  His name was Aristotle.  Much of human history since his time has involved futile attempts to disprove the Aristotelian Law of Contradiction; and ALL political philosophy has involved the futile attempts to ‘put a smiley face’ on the notion of Government.  The notion of Government is riddled through and through with lethal contradictions (which Aristotle himself did not understand).  Political philosophy is the ‘garbage in’ which causes most of the ‘garbage out’ of history.  Government, by its nature, is the rule of the victors over the vanquished.  Substituting the ballot for the bullet changes nothing.  Today the victors are exploiting the vanquished as they always have; political insiders are exploiting political outsiders as they always have.  The evidence, as always, is overwhelming.  But we have been ‘dumbed down’ by the Government miseducations we have received; virtually no one understands the fundamental problem.  See my post in the Section 20 forum: The Fundamental Problem.

    Government is ALWAYS a parasite upon the Marketplace.  When the parasite foolishly overwhelms its host–as the Soviets overwhelmed the Russian people and many others–then it perishes.  But when the parasite is aware that it is indeed a parasite and must not kill its host, it then sucks some but not all of its host’s blood; the parasite can survive indefinitely, as long as the host does not believe that the parasite IS indeed a parasite.  Thus, there is always a tension between Government and the Marketplace: Government is forever trying to increase its parasitism while not crippling the ability of its host to keep living and producing.

    Chris has done a magnificent job with this website and the Crash Course.  But he has not addressed the fundamental problem: the existence of the philosophically flawed paradigm of social organization known as Government. This is evident in his recommendation of the books of David Cay Johnston.  Johnston is an apologist for Power; he complains that the tax system ‘favors’ the wealthy.  Absolute rubbish.  Taxation is legalized theft.  The wealthy have learned how to avoid the theft better than others.  For this they are to be pilloried?

    The Johnston mindset still believes the assertion of Oliver Wendell Holmes that "Taxes are the price we pay for civilization."  Again, absolute rubbish.  Again, taxation is legalized theft.  Taxes are the price we pay for not understanding the nature of civilization–and the true nature of Government.

    The Government miseducations we have received have put all of us inside a ‘political box.’  The whole damn system is now coming apart before our very eyes.  The time to UNDERSTAND the box is NOW.   Come on, people: OUT OF THE BOX!

     

    • Mon, Oct 27, 2008 - 01:02am

      #4
      Majormoney

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      Re: How about foreign countries?

    Doug: I’m not Chris, obviously, but I’m going to answer you anyway.

    It really makes no difference how much Gold there is. Conventionally, we say "There isn’t enough Gold to back the money." But this is bass-ackwards. The rational way of looking at it is that there are too many money substitutes for the Gold that does exist. Indeed, the money substitutes have become THE money. But not even paper money anymore. Now the Fed’s largesse to everyone who is hurting is created literally out of thin air. And in the long run, it will be worth just about as much.

    We need to understand the basics of money. Money–rationally understood–is something which is generally accepted in the Marketplace as a medium of exchange AND as a store of value. Bogus fiat paper ‘money’ pretends to be a medium of exchange, but by no stretch is it a store of value; and therefore it is not money. Only the Marketplace can determine what is preferred as a medium of exchange and a store of value. Government cannot do so by arbitrary edicts. Governments can pass all the laws they want, but it will make NO difference if the participants in the Marketplace disagree.

    When the Marketplace–i.e., the preponderance of individuals who produce, exchange, and consume–has decided what the medium of exchange will be, there are several negative feed-back servo-mechanisms which keep production, exchange, and consumption in optimal balance throughout the world. But the operation of these monetary servo-mechanisms is short-circuited when ‘money’ is not also a physical commodity which is in demand in the Marketplace. This has now been the case throughout the world for many years; this has resulted in monetary inflation and economic stagnation; and this has caused the current crises–which are the inevitable unraveling of this miserable mess.

    The Marketplace’s preference for Gold–for endless centuries–has been due to the physical and esthetic characteristics of Gold. But the same negative feedback servo-mechanisms would operate in the same ways if people treasured tea leaves or toothpicks as they have always treasured Gold. The point is that a monetary system, to function properly, must be based on SOMETHING, and all the monetary systems in the world today are based on NOTHING.

    We are witnessing a worldwide crisis of CONFIDENCE. Gold has always been the ultimate basis of confidence. Therefore, after the bogus fiat currencies have destroyed themselves, stability and growth can resume only if and when the world returns to the traditional basis of confidence–which is Gold.

    The short answer to your question is this: Given the universal preference for Gold, which has existed for many centuries and still exists today, until the Gold Standard is re-established, monetary chaos will continue to exist throughout the world.

    If anyone is interested in the details of how the Gold Standard servo-mechanisms function to balance the economies of the world, I can post some diagrams which explain these details. The irony in all of this is that I learned these details from none other than Alan Greenspan himself! Greenspan is a BRILLIANT free market economist, or at least he was back in the 1960s. But you’d never know it now.

    • Sun, Oct 26, 2008 - 09:41pm

      #2
      Majormoney

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      Re: The Education of War

    Right on, krogoth.

    Consider this.  In times past, when the Prince wanted to start a war to divert his subjects’ attention from all the misery he was causing them, he had to go begging for the men and the money to pull it off.  But our generation was snockered into providing all manner of lethal machinery to our Princes under the guise of defending ourselves in the Cold War.  Now our Princes don’t have to beg for men and money; they already have more than they need of men and money, as they demonstrated in their attack on Iraq.  All they need now is a phony rationale to push the button which we have so stupidly provided to them..  And with the coming implosions of energy and economy, they will certainly find that phony rationale.

    This is all the more reason, pardon me, for you and others to pay closer attention to "The Fundamental Problem" message that I posted recently (in the forum for Section 20).  The stubborn and suicidal belief in Government–in a nonmarket means of social organization–despite centuries of overwhelming evidence that something very basic is very, very wrong–is indeed THE fundamental problem.  And solving all the other problems will be impossible–and won’t make any difference anyway–if this fundamental problem remains unidentified and unsolved.  The Marketplace, where people deal with one another by voluntary contractual agreements, urgently needs to take control of that goddam nuclear button from Government, where there are no ‘primary’ contracts between the politicians and the people, and thus where there is no bottom line of contractual accountability and responsibility of the politicians to the people.  That is the only hope for the survival of the human race.

    Again, please do yourself a favor: http://www.tolfa.us

     

     

    • Sat, Oct 25, 2008 - 03:18am

      #8
      Majormoney

      Majormoney

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      Re: A bit of perspective

    JoeNemeth wrote:  Now "cold fusion" is political poison, and no credible researcher would touch it with a twenty-foot pole. All research stopped "cold."

    Wrong; dead wrong.  Your misinformation on this subject can be corrected by a visit to http://newenergytimes.com

     

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