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    We Are On Our Own In The Post-Covid World

    It's time to be our own heroes, because those in charge sure won't be
    by Chris Martenson

    Friday, July 24, 2020, 8:46 PM

Even before the coronavirus pandemic hit, things weren’t all that great for the bottom 90% of households.

The median household was barely scraping by with ultra-low financial reserves, meager retirement savings and high levels of debt. All while being relentlessly crushed by cost of living inflation running far higher than the blatantly fraudulent government statistics offered up by the BLS.

Even more infuriating, the economic pie was preferentially handed to the top 10% — well, more specifically, to the top 1%. And even more dramatically to the top 0.1%.  Don’t even get me started on the 0.001%…

(Source)

While often presented in the media as a puzzling thing without any root cause, both the income and wealth gaps are the direct result of Federal Reserve policies and actions.  Helped, of course, by lobbyists for the elites influencing Congressional tax legislation.

So it’s no accident that over time, tax rates on the rich have been substantially cut:

This chart says that the very highest income earners have a lower effective tax rate than anybody else in the nation.  Billionaire Warren Buffett famously pays a lower rate than his secretary. Goldman Sachs bankers are taxed more favorably than their Uber drivers. Again, this isn’t happening by accident.

And it reveals that, despite the fiction of fairness and freedom, America’s true values and priorities are aimed at funneling more and more of its wealth to in the pockets of an elite few.

Said another way: The final looting operation has begun.

The reason Peak Prosperity exists is to fight this outcome tooth and nail.  The path that the US government and Federal Reserve have charted ends in the destruction of prosperity for all of us. Yet the current crop of national managers (not leaders) are just too self-isolated in their echo chambers to grasp that.  They’re insulated from the impacts of their policies and so they can’t quite see ahead to the endgame.  Or they simply don’t care.

Which is why I am in a certain way thankful for SARS-Cov-2. It has woken up a center mass of people and alerted them to the true reality of their situation.  It has revealed just how corrupt, self-serving, and disinterested the elites are in the plight of the middle and lower classes.  It has exposed the extent to which institutions and corporations are failing at their most basic of duties.

It has finally laid bare the truth: We are on our own. 

There’s no rescue coming.  No next elected official who can repair all that’s gone wrong.  The very DNA of the organs of the State has mutated beyond repair.

Which in a twisted sense is positive news. We need the status quo to fail so it can be replaced with something better.

Necessary Change

Constructive change is long overdue.  The dismal charts above show that the wealth disparity in the US didn’t suddenly appear in 2020; it’s been festering for decades.

The grotesque inability of our health care to acknowledge let alone utilize the profoundly effective Covid-19 treatments that exist (e.g. MATH+, HCQ+ early on, etc.) in favor of overhyped/unproven new drugs like Remdesivir which barely works at all, is nothing new.  It speaks to a corruption of science and the power of monetary greed at the expense of basic goodness and human decency that also did not suddenly arise in 2020.  Those too have been with us for a long time.

When farmers can only survive by going deeper into debt while receiving only 7 cents of the final dollar spent by the consumer who buys their food at the store, it speaks to a profoundly misguided system that seems to have forgotten that without the producers you have nothing at all.  Yet it merrily squeezes the farmers year after year taking as much as it can for itself.

When such disconnects become so entrenched that they are no longer even questioned, you cannot vote them back into working order.  You cannot tweak some policies and fix them.  They need to be swept aside and rebuilt.

The time before us is about remembering what’s important and veering back towards integrity and away from myopic self-interest.  Away from “me” and back towards “us.”  No, I am not saying socialism, communism, or any other ‘ism.’  I am saying that we’re all in this together and that it’s time to swing back towards acting as if we care about more than ourselves, as if we understand how the larger system works and join together to make it function even better.

Time To Vote!

No, I don’t mean vote in elections.  (Though sure, go ahead and vote if that makes you feel any better. But personally I’ve lost all attachment to the idea that there’s a lick of worthwhile difference between the major parties.)

I mean vote with your money. Vote with your actions. Vote with your heart. And vote with your mind.

There’s nothing you can do about the fact that the world’s central banks have printed up $5 trillion of new currency in approximately 6 months. That’s roughly equal to their combined output during 4 entire years of the Great Financial Crisis:

None of us can vote the central banker rascals out (they are appointed), but we can we vote with our currency — exchanging it for gold, silver, land, and any other hard assets we can manage to store well.

It’s worth noting that gold, which we’ve been strongly recommend folks accumulate for this very reason,  just hit a brand-new weekly closing high this week :

And silver’s at multi-year highs.

Both are telegraphing a loss of confidence in the US dollar and the global financial system itself.

We can’t do anything about our politicians’ weak, ineffective efforts at getting people to wear masks or take Covid-19 seriously. But we can vote with our feet and move to more sustainable, less densely populated areas, as is already happening in droves.

We can’t control the anger of the populace or the sudden proliferation of riots and unrest. But we can arm (and train!) ourselves to protect our loved ones if need be, which explains surging gun sales.

We can’t predict the quality, the price, or even the availability of vegetables and meat. But we can plant gardens and begin raising chickens.

Join The Movement

SARS-CoV-2 has exposed the rot in the system.  And that’s a good thing because it needed to be.

No problem has ever been fixed without first being identified.

Now we can focus on fixing what can be salvaged and tossing the rest.

Perhaps you’re a fast adjuster and you’re one of the few folks already busy operating in the solution space. If you are, I’ll bet that you know lots of people who aren’t there yet. Who are still clinging to some level of denial or bargaining that the failing status quo can somehow continue indefinitely.

Don’t worry, they’ll catch up. Eventually. Because they’ll have to. Change will be forced upon them.

The data all point to a rapidly intensifying set of trends that will completely reshape both our future prosperity and opportunities we have to pursue it.  Great fortunes will be made and lost.

As with any fast-changing moment in history, the trick is skating to where the puck is going to be.

My co-founder Adam Taggart and I have spent the past ten years laying out the case for why this moment in time would inevitably arrive, and how people can prepare themselves.  Not to merely survive, but to thrive.

We’ve cajoled, nudged, urged and cautioned people to read between the lines and heed the warning signs.  We’ve strongly advocated for converting paper wealth into precious metals and other hard assets, developing multiple income streams (in case a bread-winner’s job was lost), developing stronger relationships and a healthier body.

Every one of our recommendations has served our readers very well leading up to — but especially in — today’s trying times.

Did we know Covid-19 was coming along?  No, of course not.  But all that the pandemic has done is accelerate the public’s recognition of the many predicaments and plights we’ve been warning of.

So, with systemic instability increasing and the serious changes coming fast and furious now, how should you be prioritizing your focus?

Even if you’re a first time reader of our material and haven’t taken any steps yet, there’s still much every one of us can and should be doing.

The economic and health consequences of Covid-19 are extremely severe.  Expectedly so.  And they are still creating havoc in ways we don’t fully appreciate yet.

So every day counts now, and all your actions matter.  It’s time to build resilience.  At the household level first, and then within your community.  Deepen your pantry, deepen your friendships, and deepen your soil.

The more you can rely on yourself and those around you, the better off you’ll be.

Which is why in Part 2: Welcome To The Movement, I detail out the tremendous advantage of learning from and participating in the Peak Prosperity “tribe” as we all plan for the approaching turbulent times. There are literally tens of thousands of like-minded people of goodwill and staggering expertise all around the world connecting through this online community, eager to help and support one another.

Our individual chances of making it through with safety and optimism are much higher together vs going it alone. Consider joining the movement.

Click here to read Part 2 of this report (free executive summary, enrollment required for full access).

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79 Comments

  • Sat, Jul 25, 2020 - 9:20am

    #1
    T-Storm

    T-Storm

    Status: Member

    Joined: Jul 11 2020

    Posts: 4

    5

    Revolution Is Inevitable

    The tribe sees the future path of ruin that awaits our great nation if we continue with the failed policies of the past. So what to do?

    Of course, Chris is 100% correct to prepare, become resilient, prosper and nurture your community relationships. BUT, our oppressors and failed "leaders" will still be there promoting the same twisted policies, which will continue us down the path of predictable (but avoidable) devastation. Remember the saying, absolute power corrupts absolutely. Another relevant quote is the following.

    “There is no means of avoiding the final collapse of a boom brought about by credit expansion.  The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
    - Ludwig von Mises, Human Action [1949]

    I am very concerned that our elite rulers that dictate the path of our country will NOT VOLUNTARILY stop their failed policies.

    Chris is right again saying to vote with our money, actions, heart and mind. Yes, that approach will slowly get some attention and perhaps slight adjustments in policy, but the chances of getting these failed and psychotic "leaders" to actually stop harming We the People is small. We have only one logical choice.....REVOLUTION and NOW!!! With each passing day, more mistakes are made our "leaders" that keep piling on to the fragile snowpack that is ready to turn into an avalanche.

    One question that I wish I knew the answer to is if the "leaders" at the Fed, CONgress, POTUS and so many other government establishments are simply ignorant, sheltered or apathetic of their mistakes (as Chris opines), or are they committing calculated and intentional sins that they know causes harm to so many? I fear and believe strongly the latter is the truth. That is why REVOLUTION IS INEVITABLE.

    Does anyone really believe that the intelligent men and women at the Fed, ECB and global CBs really do not understand the negative consequences of their actions??? Of course they know history and that their actions are slowly destroying our fragile fiat green paper currency. They just don't tell the American People. Helicopter Ben Bernanke and his disciples and predecessors are much smarter than you may think.....sly like foxes. You can add the gentle and well spoken women like Janet Yellen and Christine Lagarde to the story. What harm could such unassuming women that are only trying to "help the people" do??? Take Christine Lagarde as perfect example....does she know the deliberate sins she is doing that causes harm to so many while enriching the 0.1%, or is she truly too ignorant to realize? Does anyone really think that these "leaders" are going to voluntarily abandon their policies that they have publicly supported for their entire careers? Revolution is the only path now to bring the change that the American People need so desperately. Our "leaders" have had hundreds and hundreds of off-ramps to stop their madness. Instead, they keep hitting the accelerator. I am not going to jump off this runaway train and watch my family, community and the tribe crash in a burning inferno. We all need to remove the conductor(s) and immediately hit the brakes!!!

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  • Sat, Jul 25, 2020 - 9:32am

    robie robinson

    robie robinson

    Status: Gold Member

    Joined: Aug 25 2009

    Posts: 1064

    3

    I’m as mad as hell and I’m not

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  • Sat, Jul 25, 2020 - 9:51am

    Mysterymet

    Mysterymet

    Status: Bronze Member

    Joined: May 23 2020

    Posts: 93

    12

    Mysterymet said:

    Revolution? Civil war? You are out of your darn mind. Anyone looking forward to that kind of thing is crazy because in wars a crap ton of innocent people end up dead. You don’t like the system? Vote for something else in november. You still don’t like it? Then be like Chris and try and find a place to be out of the line of fire and as self sufficient as possible. You talking about wanting a revolution is just bat poop crazy.

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  • Sat, Jul 25, 2020 - 12:33pm

    #4
    TWalker5

    TWalker5

    Status: Member

    Joined: Mar 13 2020

    Posts: 42

    11

    Are the masses really waking up?

    I agree with most of Chris’s post but I’m not sure that “SARS-Cov-2...has woken up a center mass of people and alerted them to the true reality of their situation.”

    In my view it seems that most people have acquiesced to simply wearing a mask, waiting for a vaccine, and expecting to return to normal in 2021. Granted, the flight from the cities is some evidence for that but that may be more a result of fear of all of the “peaceful” protests, combined with a COVID-driven realization that working from home is feasible.  I suppose the end result is a net positive regardless of the reason.  But I’m not hearing much chatter about the Fed, or income equality, etc. outside of the usual suspects, like PP.

    T.

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  • Sat, Jul 25, 2020 - 3:35pm

    Kathy

    Kathy

    Status: Bronze Member

    Joined: Feb 21 2020

    Posts: 56

    5

    We aren’t living in 1776 or even 1865

    I appreciate your well written impassioned post but if we end up in a revolution or civil war other world powers will swoop in and concur the US.  Any major upheaval of the US will quickly lead to a complete loss of freedom.

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  • Sat, Jul 25, 2020 - 4:15pm

    #6
    kunga

    kunga

    Status: Bronze Member

    Joined: Feb 26 2017

    Posts: 368

    0

    Appliances

    The continuing hot summer finally did in my refrigerator.  Or rather, I probably killed it.  I had been trying to save money, not cooling the mobile home. Well, I am obviously much more resilient than these weak electronic gizmos.  Word to the wise, these things stop working in temperature extremes.  Designed for heating and air conditioned environments.

    The price for a new refrigerator and availability is getting ridiculous.  I now have a cooler blowing on my new fragile flower.  Not for me, just for it.  Wiped out any supposed savings.  Just looked up refrigerator shelving on Amazon.  Holy crap, must be silver plated.

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  • Sat, Jul 25, 2020 - 4:34pm

    kunga

    kunga

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    Joined: Feb 26 2017

    Posts: 368

    4

    Still asleep in Harney County

    Or if they do awaken, it's in a bad, anti mask mood.

    Two really nice guys delivered my refrigerator, yesterday.  I live way out, very hard to get delivery, here.  So, I go to the door in my mask, these guys, no masks, asked if I wanted them to leave?  Debate with self: do I risk my life to get my new refrigerator.  Well... Hell, yes!  Debate lasted about 1/2 a second.

    For several months, this very rural county had no reported cases.  Then there finally was one.  Then eventually, two.  Now we are, in quick succession, up to six cases.   So, next is cluster, cluster.  I do not think the governor's orders are reaching here.  It was nice while it lasted.  Hello, Honey Badger!

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  • Sat, Jul 25, 2020 - 6:30pm

    #8
    Barbara

    Barbara

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    Joined: Dec 15 2009

    Posts: 180

    10

    An interesting take on let big brother do it

    A history professor notices how much American distortion of history limits our ability to conceive of non-federal solutions.  start local

    "We are centralizing power in practice because we are erasing the alternatives from our minds. We have forgotten that the regulation of human societies can come from communities, from states, and from civil society—and so, increasingly, it can’t."

    https://www.theamericanconservative.com/articles/how-leviathan-ate-u-s-history/?utm_campaign=072420+Friday+Jab+-+General+List&utm_medium=email&utm_source=autopilot

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  • Sat, Jul 25, 2020 - 7:11pm

    #9
    Mots

    Mots

    Status: Bronze Member

    Joined: Jun 18 2012

    Posts: 268

    6

    Revolution

    There are several issues in discussion here.

    * T-storm begins by mentioning "ruin that awaits our great nation....." progresses to a conclusion that "REVOLUTION IS INEVITABLE" and further opines that "We all need to remove the conductor(s) and immediately hit the brakes!!!"
    I note that there are other countries that are not rotted out and might not be in the same category.  Germany (having a government that responded property and early to the virus, strongly resists money printing as a panacea, and has serious worker representation in large corporations) and Japan (which has a 100 times lower honey badger infection rate, using a very good contact tracing system and mask wearing and is waiting patiently for yet another of its many currency collapses) got new governments in the 1940s and are doing much better.

    *  Robie seems to want people to get emotional/upset "Im mad as hell and Im not...." Yet emotion and anger is what the sociopaths rely on to become leaders during these times of stress.  The non-rational majority demand and get leaders that respond to their anger with more anger.  And violence is their best game, because the government has diverted most resources away from schools, health care, bridges etc. and towards monitoring and killing machines at their disposal.  Consider the resources that have created tens of thousands of swat teams to keep the innocents in check.

    * Mysterymet sez: "in wars a crap ton of innocent people end up dead. You don’t like the system? Vote for something else"     uhhhhh I agree and it is good that we face the reality that "a crap ton" of people "end up dead."  That is a fact and it is "not different this time."   However, I have three criticisms: 1. instead of wringing our hands and bitching, let's acknowledge the reality of mass strife/death and respond accordingly, via preparation into resilient communities  2.  I wonder if anyone is innocent who live in a country that proudly murders 100s of thousand of people and destroys governments all over the world for many years, starting with bombing deaths of 35% of the civilian population of N. Korea in the 1950s through actions that led to the death of 500 thousand children in Iraq before the Iraq war even started, killings in Yemen to this very day, the list goes on and on particularly if you include south and central America.  Who is innocent? Now that the killing machine is turning its sights on Americans in America, the "innocents" suddenly begin to care about what they are doing with the killing machines?   3. you want to "vote" and "change" something?  I dont need to explain why this is worthless at the minimum and actually promulgates the problem by giving the sociopaths a green light.

    * TWalker5 asks "are the masses really waking up?"  I agree with this point but note that the majority of people are non-rational and believe anything that they are told if such pleases their self-appreciation.  Only a minority of people are capable of rational thought and action and will self-gather into groups such as this one.  Only a minority really will wake up.  I suggest that we stop wasting time repeatedly (more than once) explaining things to the majority-non rationals out there, since doing so only makes things worse by labeling ourselves as conspiracy theorists and domestic terrorists.

    This leads to another dangerous thought, that human evolution has not stopped (why did we think otherwise?) and the mass non-survival coming might have something to do with evolution.  The second part of this dangerous thought is that rational thinkers (and not the majority) are best "fit" for a modern world dominated by thinking machines, and moreover, the rational thinking trait(s) are to a large extent genetically inherited.   From this point of view the best course of action truly is to run away from the fray and stay out, in small resilient communities to avoid the strife.  In other words, dont get mad, dont argue endlessly with your neighbors, dont participate by voting but instead take this precious time to walk away, as far away as possible and build a resilient community with other rational people.

    The big issue that is not discussed is  energy.  We would not be having these discussions if the world was continuing its geometric energy expansion.  China and the US are butting heads over energy.   Iran, Russia, China, Venezuala are public energy number one because they seriously challenge the petro dollar.  The world is entering a new dark ages with issues that go well beyond America's need for a revolution the expectation that many millions will die, becoming mad as hell, or waking up to injustice etc.  Those are small potatoes compared to the main event.  Those things have all happened in various places many times in just the last 100 years.  Let's get real.  What is happening  is much bigger than those things.  Think of the collapse of the Roman Empire and the dark ages, which did not seem to have any solution for hundreds of years.  Lets try to shorten this next dark age by working on the energy problem and the truth problem and shorten the time before the next Renaissance.  Lets focus on the small resilient community and how that can preserve the search for truth and an energy resilient life going forward.....

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  • Sat, Jul 25, 2020 - 7:11pm

    #10
    pat the rat

    pat the rat

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    Joined: Nov 01 2011

    Posts: 149

    0

    wells fargo

    Rumor has that wells fargo has been taking the money and putting homes into forbearance, can you spell breach of contract. Always keep paper records.

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  • Sat, Jul 25, 2020 - 7:25pm

    Mysterymet

    Mysterymet

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    Joined: May 23 2020

    Posts: 93

    0

    Agree 100% Kathy.

    People who are wanting the whole system to come crashing down have no real grasp on reality. Could you imagine blue helmets in the streets of the USA. You know, for our own good... what a total mess. Before that happens our own military would get involved and people are not going to like that either. Hopefully we will have some amount of pain, maybe a lost decade thing like Japan and continue to kick the can down the road. Maybe Judy Shelton will join the fed and we can work to get back on some kind of gold standard?

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  • Sat, Jul 25, 2020 - 8:07pm

    Mysterymet

    Mysterymet

    Status: Bronze Member

    Joined: May 23 2020

    Posts: 93

    7

    How realistic is the idea of resilient communities in the long run?

    Even the small villages in Afghanistan have to get some supplies from outside and they generally take the whole “shop local” thing to a whole new level. People in this country do NOT understand poor. True 3rd world poor. Life expectancy of 50 yrs old poor. If our system breaks down, even without the large scale violence which would most likely result, we would loose at least a third of our population due to lack of proper nutrition and decent medical care. How many people on here require regular medical intervention to stay alive? Have any prescriptions you need to take daily? Heck how many times have you gone to the doctor for a simple UTI or case of Strep? What would have happened if you weren’t able to get those antibiotics? How are you sitting in the way of defense? Be realistic. What would you do if the army guard infantry unit down the road decides that they want your farm to feed their families and there is no longer any functioning command structure to stop them? How well do you trust the members of your community?  Most people in the US have never experienced anything remotely like what would happen. We can talk about resilience but how many people on here have ever been truly in fear for their life? Its fight, flight or freeze  and you never really know which one you’ll be until you are in that situation. Being in that type of situation is emotionally draining. Also, even if you react correctly for the situation at the time your brain will replay it years later. A sound, a smell and you are right back there. Are you ready for that type of situation? I prepare for the worst but pray for my country every day. How about we all turn the power and water in our houses off for the next weekend and see how it goes. Is your family on board? I don’t mean to be Debbie Downer but it seems that some people have unrealistic expectations on how this would go down.

    FerFal’s blog is good for his experience in Argentina.

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  • Sat, Jul 25, 2020 - 9:21pm

    Mots

    Mots

    Status: Bronze Member

    Joined: Jun 18 2012

    Posts: 268

    5

    some amount of pain, maybe a lost decade thing like Japan

    The conversation has been usurped, with false narratives created by the bankers, who have taught a value system of exponential growth that many people at this blog site seem to adore or otherwise place at a valuation apex due to materialism.

    This "some amount of pain, maybe a lost decade thing like Japan" is utter nonsense.  This "lost decade" lament is banker wistful thinking, a false idolatry.   Japan has been decreasing population, thank god, and their economy stopped growing for the most part the last 20 years, thank god (instead of bulldozing off mountaintops and consuming everything in sight, houses are getting recycled-it is extremely easy for young people to get big housing, farms cost virtually nothing etc.).  The unemployment rate in Japan during the so called "lost decade(s)" has been much lower than in the US.  What pain are you talking about?  The old people are extremely healthy, much happier than in the US (in my opinion) and many work because they want to.

    There is a lot of pain in exponential growth, much happiness to find in a sustainable economy and we need to stop thinking like bankers who denigrate the latter as "lost decade (of profits)."

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  • Sat, Jul 25, 2020 - 10:42pm

    #14
    green_achers

    green_achers

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    Joined: Jan 03 2009

    Posts: 51

    3

    "Revolution" Just get out of here

    This, again, is why I can't make myself feel like part of this "community." Just sit down for 5 minutes and think about it. Who is going to articulate a coherent program for getting out from the predicaments that Chris has laid out here? And have a plan and the organizational skills to implement it? How long is that going to last before it gets co-opted by some crackpot ideologue or wannabe little Napoleon? Are you going to convene a Congress of Franklins, Jeffersons and Washingtons? Sorry, no, you are not, because you wouldn't recognize one if you fell over them in broad daylight, and our culture stopped making them a long time ago. What you will get is another Lenin or a Hitler.

    So, forget revolution, please. Also, forget the catharsis of venting your anger however good that might make you feel.

    Unfortunately, something like Chris is talking about might be our best, of very few and all bad, responses. The problem with that approach, if you really take it the way he put it here, is that it is also unlikely to work. If you look cultures and civilizations since the Mycenians who went through something like this, one thing that stands out is that those smallholders who many might think of as fortunate enough to be in the "more sustainable, less densely populated areas" are often brought to suffer more than anyone else. All human populations organize along hierarchical lines of governance. It's what humans do. Leaders do not stay leaders if they let their dense population centers starve. But they are not above robbing food from their hinterlands to feed those population centers. Being rural has always meant being poor and hungry, unless you're lucky enough to hold sizable arable land and are politically well-connected.

    It's all such a middle-class American fantasy, but it never seems to die.

    Actually, the people in Portland might have something like the most viable approaches. Self organization that is inclusive of communities and seeks to make their lives better. God knows what happens when this group has to move to the next level of organization or how they withstand the iron boot that is being brought down on them as we sit back and opine.

    But, by all means, buy some shiny metal at record prices with your spare cash.

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  • Sun, Jul 26, 2020 - 3:02am

    #15
    Mysterymet

    Mysterymet

    Status: Bronze Member

    Joined: May 23 2020

    Posts: 93

    8

    Portland anarchists

    Green achers, I agree with what you are saying until you get to the part about the portland protesters. Lump them in with the rest of the failed ideas. Yes I agree that in all this trouble odds are much higher that we would end up with a Lenin or a Hitler. Heck those kids in portland are asking for it. When people are waiving the hammer and sickle flags they are embracing a governmental philosophy that has killed hundreds of millions of people. Look at the Kulaks and their treatment by the Soviets. https://en.m.wikipedia.org/wiki/Kulak
    when we on here want to develop some amount of self sufficiency we will end up being viewed by these antifa people as the Kulaks were. They will want to take what we have. They are destroying other people’s property while having their tantrums and I would be happy if the “iron boot” crushed them. The funny thing is they actually believe that if they got their way and we had a revolution that they would be in charge. Look at what happened to most of Lenin’s fellow revolutionaries after he took power. They “disappeared” for the most part. Those types of people are useful idiots and once they have served their purpose they will de discarded. They will be discarded because the characteristics they have that make them useless in this society will make them less than useless in an authoritarian type society. The normal people “worker bees” are much more valuable. People on here make all these plans but ignore human nature.

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  • Sun, Jul 26, 2020 - 7:10am

    #16
    tbp

    tbp

    Status: Gold Member

    Joined: Apr 12 2020

    Posts: 523

    2

    The importance of cryptocurrencies, crypto vs. gold, and the separation of money and state

    Chris, not a single mention of decentralized cryptocurrency... what the hell? PMs are confiscatable, and it already happened in the US as I have no doubt you are well aware of. Pretty much the only advantage of gold over crypto is that one relies on electricity and internet, and would thus hardly work under extreme conditions such as an EMP weapon... but then we'd have bigger problems to deal with. It's easily arguable that Bitcoin is the planet's hardest asset.

    There are tons of sources of information I could recommend but #1 is Andreas Antonopoulos, who explains the importance of crypto better than anyone else. Here are some examples:

    Here's a longer one:

    You can also watch debates with gold bugs like Peter Schiff... it's easy to tell who has a clue and who doesn't.

    In fact, the biggest issue we should probably be talking about the most is the problem of equitable initial distributions. For decades it was the "double-spending problem", solved by Satoshi Nakamoto in 2009. It's easily the most revolutionary discovery/invention of this century -- have you heard of it?

    Readers/fans who follow your economic advice will be pissed off at you later if you don't at least develop a position regarding cryptocurrencies.

    And why wouldn't you want to be part of the community that is at the forefront of the parallel creative destruction process that is the separation of Money and State?

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  • Sun, Jul 26, 2020 - 9:43am

    mntnhousepermi

    mntnhousepermi

    Status: Bronze Member

    Joined: Feb 19 2016

    Posts: 306

    1

    house off for next weekend

    I am game.   Just electric or also water ?

    maybe you could start a topic with the date to do it, next weekend.

    Lets think of the rules, grid power only or also batteries,  I think for extra points, no house backup battery or generator either, for the weekend.  Food will be fine for under 48 hours.

    What about water ?   Are we allowed to use the faucets or only what we have stored ?

     

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  • Sun, Jul 26, 2020 - 10:15am

    Mysterymet

    Mysterymet

    Status: Bronze Member

    Joined: May 23 2020

    Posts: 93

    1

    Grid down weekend challeng

    ok so no power. Even those of you with whole home generators (like me) or solar (like me next month) have to turn it off. If you happen to have a freezer or 2 you can keep them plugged in. I don’t want anyone to lose tons of food playing. No water beyond stored water. You can flush but you need to use a bucket to refill the toilet tank. No satellite or cable. No internet except using phone to provide updates on how bad the challenge sucks.  Who’s game to play the SHTF weekend challenge?

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  • Sun, Jul 26, 2020 - 10:32am

    #19
    brushhog

    brushhog

    Status: Member

    Joined: Oct 06 2015

    Posts: 87

    11

    No, we're not on our own

    Chris if we were on our own we could mount an armed defense of our lives and property. If you do that, the police and officials will instantly unfreeze, get up off of their knees, and take you to jail. It's already happened to that couple in St louis.

    If I were "on my own" I wouldnt have to come up with thousands of dollars every year in "property tax" to be allowed to keep MY property. If I can't pay, armed men will be sent to my house to take me away. If I resist they will kill me.

    We are not on our own. Its alot worse than that. We simply are no longer receiving any of the benefits of being a supportive member of society but are very much obligated for all of the costs.

    We dont receive the protections, systems, and organizations that society used to offer but we are still taxed, regulated, and have our hands tied by that very same system. We are not on our own at all...it's much MUCH worse than that.

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  • Sun, Jul 26, 2020 - 12:27pm

    #20
    green_achers

    green_achers

    Status: Member

    Joined: Jan 03 2009

    Posts: 51

    4

    Bitcoin

    Yeah, offer me some electronic squiggles for my duck eggs. I haven't had a good laugh in a while.

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  • Sun, Jul 26, 2020 - 12:43pm

    #21
    planfortomorrow

    planfortomorrow

    Status: Member

    Joined: Dec 28 2017

    Posts: 155

    2

    I look around and I don't matter...

    ...I have no power of the vote, I can't protest hard enough or long enough to effect change whatsoever. I choose to do what I can which is get away from the minute by minute disheartening news of any given day. All I can do is what I control so I plan on doing that for the foreseeable future. I certainly are not putting myself in harms way for any reason except to protect those in my charge. I want to live my life for as long as I have it, and I will work very hard to do this on my terms. This world crisis will be forged by my son's and their son's. I only hope that we do not do anything so stupid that ends life as we know it and it takes 100 years to fix. If so then I'm probably gone and can only hope the cream of the crop rises up and makes life more equitable for all. I know this though: even if everything breaks and breaks bad it will NOT be the end of the world. We will come out of this world emergency a sounder and better world community. This may take 5 years to get on a solid foundation. 5 years! I just think we worry to deeply about things if War, Revolution or these type extremes are your conclusion. "It doesn't have to be this way"! It could be an awakening, the world could even be so much better than we possibly think right now. I have faith in time, time has a way of correcting things that don't work and create creative ways to make things better and that all agree. I am for peaceful resolution because I believe that's the heroic way to proceed. Peace

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  • Sun, Jul 26, 2020 - 1:48pm

    #22
    robie robinson

    robie robinson

    Status: Gold Member

    Joined: Aug 25 2009

    Posts: 1064

    4

    It is a joy

    to have existed at such a state as is hypothesized, kn9wimg your mare is settled, yes we may be killed by the horrific masses, yet thru our death, experience, an arrow from the quiver of human existence may have been lost.

    Settle the Mare! Dammit do it now by whatever means!

    i swear not to post. When Dogs left, it ain’t been the same

     

     

     

     

     

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  • Sun, Jul 26, 2020 - 2:30pm

    SagerXX

    Status: Gold Member

    Joined: Feb 11 2009

    Posts: 462

    4

    To the next Renaissance...

    Mots said:  "Think of the collapse of the Roman Empire and the dark ages, which did not seem to have any solution for hundreds of years.  Lets try to shorten this next dark age by working on the energy problem and the truth problem and shorten the time before the next Renaissance.  Lets focus on the small resilient community and how that can preserve the search for truth and an energy resilient life going forward....."

    On it, bro!  Been on it since a decade.  Preserve skills so we can preserve people so we can preserve knowledge so we can preserve skills so....

    There is an ecosystem of information that is channeled by human beings.  Some information can be preserved outside a human brain, but it takes brains and bodies who can assimilate and apply the knowledge for it to be meaningfully propagated unto the next generation[s].

    Leave a world (of knowledge) worth inheriting...and hopefully not just a remnant population of hanging-on survivors...

    May Fortune smile upon us all!

    VIVA -- Sager

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  • Sun, Jul 26, 2020 - 3:20pm

    Mohammed Mast

    Mohammed Mast

    Status: Silver Member

    Joined: May 17 2017

    Posts: 788

    1

    Property Fallacy

    People endlessly fall into the trap of believing they "own " their property. They do not "own " their property. To even say "their" is a complete misunderstanding. No matter what you paid for it no matter how long you have "owned" it you do not own the property. What you own is a bundle of rights.

    • The right of possession
    • The right of control
    • The right of exclusion
    • The right of enjoyment
    • The right of disposition

    There are also things like mineral rights and water rights. All of these rights are subject to the jurisdiction where the property is located.  These rights can be split out of the bundle as well as in the case of water and mineral rights.

    Ultimately you do not own the property. You have title which gives you certain rights. Your thousands you pay in property tax provides some services from the entity that actually does own your property.

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  • Sun, Jul 26, 2020 - 3:39pm

    Mohammed Mast

    Mohammed Mast

    Status: Silver Member

    Joined: May 17 2017

    Posts: 788

    0

    Crypto

    You are in the wrong place if you wish to discuss crypto. BTC is currently trading at $9,928. ETH is at $307. BTC is the most valuable asset you could own. It gets lip service here.

    There was a guy Mark rees here for awhile who was a trader. The discussions were about the investment possibilities. Actually they were more like debates. Very few here get what crypto is all about. It is all about gold and silver and stocks.

    The fact that crypto is the most disruptive and dangerous technology to the central banks has completely gone over the heads of the owners and the "tribe" .

    But I give you credit for trying.

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  • Sun, Jul 26, 2020 - 3:56pm

    #26
    centroid

    centroid

    Status: Member

    Joined: Nov 16 2014

    Posts: 84

    1

    fed myths which pp helps promulgate

    i enjoy pp articles, written and video, but i do notice one thing . you both give a lot of power to the fed in your self talk and your public talk. they are not money printing. they are creating reserves in RESPONSE to a deflationary collapse in credit in the eurodollar markets.  there is no inflation going on, just inflationary expectations and you guys help promote this myth. ie/ money printing, fed goosing stock market.

    instead if you read jeff snider who explodes the myths:

    the fed is populated by academics who dont know what they are doing.

    the fed wants you to believe in inflation because the belief itself will keep the party going.

    gold is going up for the same reason bonds are going up: need for collateral and it is not going up because of "inflation"

    2008 was not about sub prime. it was about the shadow money system outside of the us, the eurodollar market.

    the fed is not central. it is a domestic banking authority and has no control of the eurodollar system outside of the us which is much bigger than the domestic us dollar system

    also the share market is not just about here and now. it is often about the future ie/ recovery going by its present behaviour

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  • Sun, Jul 26, 2020 - 4:05pm

    EddieLarry

    EddieLarry

    Status: Member

    Joined: Jul 04 2020

    Posts: 37

    2

    History repeating?

    Great point Mysterymet, so we move to the country with all our fungible assets and let the rest of the country go to hell in a handbasket....and we don’t think those revolutionaries will not find Us?  Didn’t happen in France or Russia.  Better have an airport nearby!

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  • Sun, Jul 26, 2020 - 5:07pm

    MKI

    MKI

    Status: Member

    Joined: Jan 12 2009

    Posts: 253

    5

    Resilient families

    How about we all turn the power and water in our houses off for the next weekend and see how it goes. Is your family on board? I don’t mean to be Debbie Downer but it seems that some people have unrealistic expectations on how this would go down.

    Most people anywhere in the world have a hard time with independent living. I've lived off-grid for years, and the key issues of focus are refrigeration, water, lights, heat, stored food, and reliable transportation. We often drop any the above for days (for various reasons) and by now it doesn't even phase us. The key is getting used to living/cooking/eating this way without a big deal. Shopping only once a month is also a good practice here.

    The most difficult, IMO, is food, e.g., to occasionally fast for 72 hrs, until it becomes easy (coincidentally, I'm currently on 36 hours due to a big fishing day, and not even hungry). Being able to go without food or utilities for days is always a good practice.

    The most important IMO: 1) home well (with hand pump alongside standard electric submersible), 2) home canned game/fruit, 3) wood stove (cooking/heat), being ready to all frozen food in an emergency. YMMV.

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  • Sun, Jul 26, 2020 - 5:25pm

    robie robinson

    robie robinson

    Status: Gold Member

    Joined: Aug 25 2009

    Posts: 1064

    2

    EddieLarr

    Been to Ukraine! Many starved many lived. Viva rural.

    my son spent school time in  Kharkiv, Ukraine

    we have no idea, of the great starvation russia  pulled on the Breadbasket of europe.

    there is no time I would prefer urban to land that I have known for generations. Comme ci, comme sa ?

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  • Sun, Jul 26, 2020 - 5:49pm

    VTGothic

    VTGothic

    Status: Bronze Member

    Joined: Jan 05 2020

    Posts: 267

    2

    4-year out-performance, despite volatility

    I regularly encourage anyone who will listen to buy at least some Bitcoin as an asymmetrical bet to the upside. Doesn't have to be much - only what one can lose without losing sleep - but some. And hold it for 4 years, then sell if you want. I'll bet anyone who does hold won't sell. I've been hodling since 2014 and can say that over any 4 year period it's been a roller coaster ride, but the gains have been quite sweet. And the fat gains are yet to come.

    Because Bitcoin in particular (and the crypto space more generally, but more slowly) is becoming a risk-on investment for mainstream brokers and investment houses its likelihood of behaving in the market rather the way gold does is steadily increasing. Yet, the downside risk is bounded while the upside potential is open ended.

    Frankly, I have far more faith in my crypto portfolio than in my IRA. It's certainly performed much better - which is the advantage of buying into any young, still volatile company with a strong and growing use case. Bitcoin is like that, as are a handful of other cryptos I own. And it's still very early, ground floor days.

     

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  • Sun, Jul 26, 2020 - 5:49pm

    EddieLarry

    EddieLarry

    Status: Member

    Joined: Jul 04 2020

    Posts: 37

    1

    The urban/ exurban dilemma

    Thanks Robie.  I do not suggest moving just to be moving!  Build community wherever you are at.  I was in Eastern Europe last fall, they still hate the Nazis and communists.  Extremism sucks.  But what do we do...white flight?  I am not so sure.  Best to toy and your family.

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  • Sun, Jul 26, 2020 - 6:11pm

    Mohammed Mast

    Mohammed Mast

    Status: Silver Member

    Joined: May 17 2017

    Posts: 788

    1

    As I said

    One of my assumptions is you are very intelligent.

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  • Sun, Jul 26, 2020 - 6:21pm

    #33
    nordicjack

    nordicjack

    Status: Silver Member

    Joined: Feb 03 2020

    Posts: 730

    0

    regarding tax burden

    It appears some companies are thriving in the current economy.  One very suspicious to me, MS has 5 fold profit of average last 4 years.   For someone who has devoted his life to vaccinating people, and clearly has interests in pandemics and specifically that of coronavirus as well as interests in companies with patents on the virus.,  Bill Gates looks awfully suspect.

    Anyhow my take on the taxes, is it should be taken from those who benefit from the system.  Those that benefit the most pay the most.  They could not benefit if not for our government and policies, so when they do , and others suffer from those same polices, then you take from where it falls.    Meaning the tax budget should be balanced each year and taken from those that reaped the benefits.. Meaning , gates and company should be hammered with a huge part of the tax burden.  But I am sure his actual tax bases is less than the average american.. as shown in the chart.

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  • Sun, Jul 26, 2020 - 6:46pm

    #34
    nordicjack

    nordicjack

    Status: Silver Member

    Joined: Feb 03 2020

    Posts: 730

    0

    The revolution has actually begun

    Civil unrest is way ahead of schedule, and it doesn't even include the economic fall-out coming from all this and lack food, and healthcare -which is coming..    No crystal ball needed to see what is coming.,  Censorship of MSM is in full-swing.  Lot of people loving the way Yahoo has recently removed the comments from all of its articles.  At first it was just select articles about governing, covid, protests, trumps etc.   But now its all.  Which if you look at the bulk of the news lately is pretty much limited to "social injustice, politics, Covid-19 and govt stimulus and spending."

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  • Sun, Jul 26, 2020 - 7:43pm

    TWalker5

    TWalker5

    Status: Member

    Joined: Mar 13 2020

    Posts: 42

    0

    Crypto advice?

    VTGothic,

    Could you please suggest a good resource for getting started with cryptocurrency?  I’ve resisted getting into it so far, primarily because of ignorance. I don’t invest in things I don’t understand and I am clueless here. I kind of wrote this off as a fad.  But I have concluded I was wrong about that and I am intrigued with the potential of adding another alternative to my portfolio of stocks, bonds, and PM.

    T.

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  • Sun, Jul 26, 2020 - 8:23pm

    #36
    HaikuJr

    HaikuJr

    Status: Member

    Joined: Jan 29 2020

    Posts: 6

    1

    Questionable Advice

    Revolution or

    try 3 days fasting. Oh gold

    goes up, Finally!

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  • Sun, Jul 26, 2020 - 9:33pm

    MGRS

    MGRS

    Status: Bronze Member

    Joined: Feb 28 2013

    Posts: 54

    3

    TWalker5 - getting started with crypto

    You're in luck - PP used to talk quite extensively about crypto back in the 2016-2017ish price bubble, when Bitcoin prices went from under $1k to $19k.  That interest waned when the price crashed back down to under 4k, and it's been bopping around the 8-10k range for a while now.  It pretty quickly faded as a popular topic, but I've been noticing a decent amount of interest here again, which I take as a bullish sign.

    Here are some articles that came up in a quick search, but I'm sure you can find many more:

    An Everyman’s Guide To Understanding Cryptocurrencies

    Understanding The Cryptocurrency Boom

    Anyways check those out.  The simplest way to get your feet wet in crypto is to open a Coinbase account and send some money over from your bank account.   There are lots of other ways too, but Coinbase is one of the oldest and most established players in the space.  Once you've got a balance there, you can trade cryptos much like stocks - placing limit and market orders, etc.  You can also send crypto to people to pay for things, but for investment purposes you can just buy and hold or dollar cost average in with small weekly/monthly buys.  BTC (Bitcoin) is a good place to start, and as you learn more expand into other cryptos for investment/speculation if you want.

    Feel free to PM me with any questions, I'd be happy to help you out.

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  • Mon, Jul 27, 2020 - 4:57am

    #38
    evawatson

    evawatson

    Status: Member

    Joined: May 11 2020

    Posts: 6

    0

    Appreciate this article.

    I really Like this article. Love to read and informative also.

    I would like to say please boost your immunity power.  If immunity will be good then no any coronavirus can hug you, and then no need to be detected by rapid COVID 19 Test kit

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  • Mon, Jul 27, 2020 - 5:14am

    #39

    Oliveoilguy

    Status: Gold Member

    Joined: Jun 29 2012

    Posts: 826

    2

    President of Brazil praises HCQ for recovery

    https://youtu.be/fqHfxBKSZPQ
    another confirmation that HCQ works ....Dr. Zelenko is consulting many foreign countries.

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  • Mon, Jul 27, 2020 - 8:46am

    VTGothic

    VTGothic

    Status: Bronze Member

    Joined: Jan 05 2020

    Posts: 267

    2

    Crypto Resources

    Hi, TWalker: Glad to help.

    For wrapping your head around the concepts and the emerging adoption by institutions, I suggest these 3 1-hour conversations. They'll give you a decent orientation to Bitcoin and the crypto/blockchain space. Each will take you further down the rabbit hole without burying you. The middle interview (Tapieros) is more abstract and philosophical than the other two. The first (Novogratz) is a nice general introduction. The third (Plan B) is more specifically an economic analysis of Bitcoin and its emerging role in the current marketplace.

    1. From 2018: Blockchain investor Mike Novogratz talked to Raoul Pal (macro-economist, past hedge fund manager, and co-founder of RealVision, a macro advising firm) about the blockchain space and the role of cryptocurrencies within it. This is a macro view, so a good way to get oriented to the space. For that, few come to the table with better understanding than Novo. https://www.youtube.com/watch?v=WCjVdruNuiQ

    2. From 2019:  Macro-economist and hedge fund manager Dan Tapieros (referred to in the Novogratz conversation as “Tap”) and Raoul Pal discuss the philosophical universe within which Bitcoin operates. Novo has some difficulty expressing his thoughts, but as you listen you begin to understand how game-changing blockchain is – because that's what Satoshi's White Paper actually bestowed on the world: not merely Bitcoin, but the principles of blockchain. Blockchain makes Bitcoin possible, but it has quickly been adopted for a host of other public and private uses. (Wal-mart, for example, now uses blockchain to immutably track produce from seed to sale, wherever in the world it originates. IBM is positioning itself to be the resource for major international enterprises who want to use enterprise-ready blockchain to solve tracing and custody issues.) https://www.youtube.com/watch?v=jYsWwqTdvNQ

    3. From early July, 2020: “Plan B”, an anonymous financial analyst and institutional investor from Holland, mentioned in the Dan Tapieros interview, discusses with Marty Bent his application of the “stock-to-flow valuation” model to Bitcoin. The interview was sponsored by RealVision. In it, Plan B overviews the growing place of Bitcoin (and other alt coins) in institutional investment, and how institutions are getting into the space, and explains what he thinks people miss when they dismiss cryptocurrencies, or downplay the distinctive character of Bitcoin among cryptocurrencies – something Tap also touched on. https://www.youtube.com/watch?v=30xZ1yKagOc

    If you want more on crypto and Bitcoin from RealVision: https://www.youtube.com/c/RealVisionFinance/search?query=crypto

    Some of the material there is behind their paywall, but a lot is not – generally the older stuff, but for context and general understanding that's perfectly fine.

    Also, Laura Shin hosts interviews of significant figures in the crypto space on her Unchained podcast, at https://unchainedpodcast.com/. If you scan her interview descriptions you might find some of interest.

    There are more resources, but I don't want to overwhelm you. If you want additional sites let me know.

    To buy some Bitcoin, I recommend opening an account with Coinbase (https://www.coinbase.com/). It has its drawbacks - including higher fees and total capitulation to the government's desire to keep track of transactions - but it is very user-friendly, and so a good way for first-timers to get on board. It's also what I used, so I know it. However there are other choices - I think I'll one day try Gemini (https://gemini.com/), run by the Winkelvoss twins, whose story and overall philosophy about the space I like. I think Gemini transactions cost less than Coinbase, and they're striving for ease of use, too.

    Take to heart the admonition that if your Bitcoin is not in your hands, you don't really own it. Exchanges can sell the same coin several times on the conviction that all of those with title to a coin (or part of a coin) won't want to take possession at once. Kinda like what happens with your bank savings, with the same inherent risk. I recommend downloading your coin as soon as it's available for transfer.

    So after you buy, while you wait the 3-5 days for the transaction to settle, download a digital "wallet" to your computer. I use Exodus, available at https://www.exodus.io/  for free. Once you have your wallet established you can access it from anywhere in the world, even without your phone or computer. Just download the exodus app wherever you are, enter your account name and password, and you'll be in your account.

    If you want "cold storage" of your crypto, get a removable drive designed for crypto security. I haven't done it, but if I did I'd use Ledger's Nano S, available for $59 from https://www.ledger.com/.

    If you have specific questions about action steps, PM me and I'll help as I can.

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  • Mon, Jul 27, 2020 - 1:38pm

    Mohammed Mast

    Mohammed Mast

    Status: Silver Member

    Joined: May 17 2017

    Posts: 788

    0

    Duck eggs

    That is very clever. Funny as well to a large segment of the audience.

    Since i posted yesterday BTC has gone up 10% to almost $11,000.

    I will give you some "squiggles" for everything you own. You can keep some eggs.

    You will have to forgive me I find it funny. Haven't had a good laugh lately.

     

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  • Mon, Jul 27, 2020 - 2:01pm

    #42
    Mohammed Mast

    Mohammed Mast

    Status: Silver Member

    Joined: May 17 2017

    Posts: 788

    1

    Mike Maloney on the BTC halvening

    https://www.youtube.com/watch?v=8S1Rhvjq_vc

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  • Mon, Jul 27, 2020 - 2:35pm

    #43
    TWalker5

    TWalker5

    Status: Member

    Joined: Mar 13 2020

    Posts: 42

    0

    Thanks for the resources!

    Thank you to those who have offered resources with which I can learn more about cryptocurrency. In just an hour I feel much better informed. However, I’m not yet close to being confident in my knowledge. I’ll keep reading and hopefully turn the corner soon.

    T.

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  • Mon, Jul 27, 2020 - 2:49pm

    #44
    Mohammed Mast

    Mohammed Mast

    Status: Silver Member

    Joined: May 17 2017

    Posts: 788

    0

    The BTC Bubble is Just Starting

    Double your money in 4.5 months? Maybe

    https://seekingalpha.com/article/4361117-bitcoin-next-bubble-just-started

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  • Mon, Jul 27, 2020 - 3:47pm

    Mohammed Mast

    Mohammed Mast

    Status: Silver Member

    Joined: May 17 2017

    Posts: 788

    1

    Good info .......But

    I have used Coinbase since they began. They are solid and reputable. I have also used Kraken and have had no problems.

    I have the Ledger Nano S. I no longer use it. I keep my coins on Coinbase in their "vault" .It is "cold storage" which means it is not online thus cannot be stolen. It is much more secure than the Nano. To get your coins out of the vault takes a couple of days, so I keep some available to cash in immediately.

    BTW people think the coins are "anonymous. If your coins have been on an exchange they are fully traceable. This means if you exchange them for fiat I suggest you report it to the IRS. It is currently taxed like a commodity. So if you hold them for a year or more you are taxed at 0%/15%/30% depending on income. Sucks but it beats the thugs confiscating your stuff.

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  • Mon, Jul 27, 2020 - 3:55pm

    Mohammed Mast

    Mohammed Mast

    Status: Silver Member

    Joined: May 17 2017

    Posts: 788

    0

    TW5

    There are hundreds if not tens of thousands of tutorials online. You can stay up with news at Cointelegraph or Coindesk. Coindesk has a very good tutorial on Crypto 101.

    Reddit has a very good discussion of Crypto. Bitcointalk.org has a very active forum. It also has a market place to buy sell goods and services for crypto. You can load an app on your phone to stay up with prices. I use Blockfolio. I used to have alerts set for $5 moves. HAHAHA. I haven't had that in a very long time.

    Good luck

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  • Mon, Jul 27, 2020 - 5:50pm

    DennisC

    DennisC

    Status: Bronze Member

    Joined: Mar 19 2011

    Posts: 184

    2

    HaikuSr

    Gave it a go today.  After a couple edits, it turned out like something I might have channeled from Nostradamus (one line short of a quatrain).

    The time comes again
    a new shot heard round the world
    gold and lead, flash bangs

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  • Tue, Jul 28, 2020 - 4:52am

    Steve

    Steve

    Status: Bronze Member

    Joined: Jun 27 2009

    Posts: 183

    0

    Comment #48 - Malicious Site

    Be careful typing in the URL shown in comment #48.  My browser identified it as a Malicious Site!

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  • Tue, Jul 28, 2020 - 6:52am

    VTGothic

    VTGothic

    Status: Bronze Member

    Joined: Jan 05 2020

    Posts: 267

    0

    You are comment #48

    Steve, did you mis-type?

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  • Tue, Jul 28, 2020 - 3:57pm

    green_achers

    green_achers

    Status: Member

    Joined: Jan 03 2009

    Posts: 51

    1

    Mohammed's bite coins

    No sale, Mohammed. I am not interested in any of your squiggles for anything I own. Now what?

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  • Tue, Jul 28, 2020 - 6:45pm

    Mohammed Mast

    Mohammed Mast

    Status: Silver Member

    Joined: May 17 2017

    Posts: 788

    0

    Whatever.

    Now what? I wouldn't give you any of my so called squiggles for some quacks eggs. But do enjoy them  I will enjoy my squiggles and thanks again for the laughs. Duck farmers are so fowl

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  • Tue, Jul 28, 2020 - 8:40pm

    #52
    Redneck Engineer

    Redneck Engineer

    Status: Bronze Member

    Joined: Mar 16 2020

    Posts: 112

    0

    Crypto currency scarcity

    I have a basic question.

    The premise of crypto currency is the algorithm inherently limits the availability of digital coins, thereby creating a scarcity that prevents devaluation by fiat. But what prevents someone else from creating a competing crypto currency, and his neighbor from doing the same? Isn't the limiting factor, then, not just the algorithm but the complexity of setting up the next currency and getting it widely distributed and accepted? That would seem to eventually limit the value of any crypto currency. (By contrast, PMs are limited by the large stock and marginal annual increase in stock, and the effort required to mine the next ounce.)

    The exception to this would be a national crypto currency, enforced by government to be the only legal tender medium of exchange. Or, at least, just require that all taxes be paid in the FedCoin or EuroCoin.

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  • Wed, Jul 29, 2020 - 4:52am

    VTGothic

    VTGothic

    Status: Bronze Member

    Joined: Jan 05 2020

    Posts: 267

    0

    Why Bitcoin is a one-off event that cannot be duplicated.

    The short, complete answer to your question is this: While there are already lots of other blockchain-dependent alternatives to Bitcoin (including some State-sponsored or State-adopted (or in the process of being adopted) coins), none of them match Bitcoin, nor can they match Bitcoin.

    That's because initially no one knew about Bitcoin or electronic money; then only a very few geeks, and slowly a few more, and then steadily more. Now, almost everyone has at least heard of it, and the interest of financial and governmental entities has dramatically metastasized in short order. But - this is key - that awakening happened simultaneous to the development of a multi-billion dollar, widely disseminated infrastructure that makes Bitcoin's mining and proofing process possible. So, Bitcoin emerged through an unfolding sequence of events that can never be repeated - because now we know something we did not before.

    It would cost billions of dollars worth of investment to duplicate the current level of infrastructure. Not even a government can afford to do that. That means no one can catch up with Bitcoin.

    More importantly, however, is the fact that now everyone - certainly every vested interest - knows about Bitcoin and its blockchain infrastructure. Vested interests would react to a "new Bitcoin" by seeking to undermine or co-opt it. However that progressed, it would produce an instability and even unpredictability in the "new Bitcoin" that, over greater or lesser time, would incline investors and users to abandon "new Bitcoin" for the original. You can see signs of this in the two "alt Bitcoins" that more or less forked off of the original Bitcoin protocol - Bitcoin Cash and Bitcoin Satoshi Version, both of which are not even close to dislodging or competing with Bitcoin.

    The fact that the process by which Bitcoin was unleashed was a one-off event that can never be repeated is what lodges it in its permanent place as "digital gold." Decentralized, ultimately finite in quantity (a quantity whose annual mining can be predicted, as with metal gold), and its support by a very expensive infrastructure that cannot be duplicated at scale without some entity (group of investors or State actor) going deeply into debt on an unproven bet that the result will pay dividends - these make repeating Bitcoin a non-event. Plus, the cost of mining new Bitcoin increases steadily, and throwing more money and technology at the mining process does not increase the rate of producing new Bitcoin (the difficulty is regularly adjusted to account for computing power, to maintain a constant mining result); more computing power can help one miner outperform another, but cannot add to the amount of Bitcoin being mined.

    For a good presentation of this argument, look at minutes 12:30 - 15:15 here: https://www.youtube.com/watch?v=i0N9qj4gjmg. For a bit more context, start at 10:00. Stick around after 15:15 for expansion on the core ideas. But the core of the argument is in the 2.5 minutes.

    Of course there are other coins out there, including some State-supporting coins (Tether, for example, that is meant to represent the US dollar 1:1). Likely there will soon be a State-sponsored digital coin from China, even Russia. And the US does think about it; other nations will, too.  But they are doing so because they understand money is moving online because it's the faster and cheaper way to transfer value around the global village.

    But I'd argue that if the world becomes less a friendly village and more a wilderness of competing, distrustful nation-states - which seems increasingly likely - national digital currencies will be more suspect because, after all, a coin owned by a State can be manipulated by that State - just as fiat currency is today. And a coin owned by a private interest/corporation (like Libra) located in a country will be subject to State pressures applied to the private interest/corporation. Not to mention subject to the financial and self-serving goals of the private interest itself.

    In a friendly international village, cross-border settlement still requires a trustworthy "money." Currently that's the dollar, but the dollar is subject to manipulation and weaponization by the US government. That leads to eventual rejection by other States - which we see happening in real time. The day will come when the dollar will either be rejected as the international settlement currency, or will be inflated to the point it has lost its intrinsic value outside the US. Currently both China and Russia are working on alternatives. Ultimately those alternatives will fail to take the place of the dying dollar as a world-level settlement vehicle because no one trusts Xi or Putin; they will, at most, be regional ("sphere of influence") settlement vehicles; and because settlement is more efficiently accomplished through a trans-national electronic coin.

    To settle international trade in such a non-cooperative world something non-corruptible will be needed. Only Bitcoin is completely free of control by a public or private cabal; therefore it only is neutral. Its "use case" will nearly certainly be strengthened in coming decades, even if various other electronic coins find limited use cases within industry groups or between entities.

    Certainly, a State could issue its own electronic coin and require all taxes be paid using it, and probably all eventually will, but that would not dislodge Bitcoin for the same reason fiat paper currencies do not dislodge metal gold as a core store of value and counterbalance to the manipulation of fiat currencies. People still know that holding some physical gold is a prudent hedge on the debasement of their national currency (more in other countries than the US, but increasingly in the US too). That's the role of Bitcoin in the electronic currency universe - it's serving that role now, and will do so more going forward.

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  • Wed, Jul 29, 2020 - 8:56am

    #54
    tbp

    tbp

    Status: Gold Member

    Joined: Apr 12 2020

    Posts: 523

    1

    Don't use Coinbase -- terrible people!

    @Mohammed Mast
    You are in the wrong place if you wish to discuss crypto. BTC is currently trading at $9,928. ETH is at $307. BTC is the most valuable asset you could own. It gets lip service here.

    There was a guy Mark rees here for awhile who was a trader. The discussions were about the investment possibilities. Actually they were more like debates. Very few here get what crypto is all about. It is all about gold and silver and stocks.

    The fact that crypto is the most disruptive and dangerous technology to the central banks has completely gone over the heads of the owners and the "tribe" .

    But I give you credit for trying.

    So you're saying the only thing that matters is pre-existing beliefs (ideology)? The people here are too old/rigid to be able to figure out what's what, even with the help of a big-picture weaver like Antonopoulos?

    The saying that grandma won't figure out how to use crypto holds true only until something like hyperinflation or capital controls become too hard to ignore.

    How are you gonna trade your gold, a 1/10 ozt coin for three-and-a-half loafs of bread? Or are you gonna pay exact amounts with 100% finality using 3rd generation cryptocurrencies at the press of a few buttons on your smartphone?

    @TWalker5
    VTGothic,

    Could you please suggest a good resource for getting started with cryptocurrency? I’ve resisted getting into it so far, primarily because of ignorance. I don’t invest in things I don’t understand and I am clueless here. I kind of wrote this off as a fad. But I have concluded I was wrong about that and I am intrigued with the potential of adding another alternative to my portfolio of stocks, bonds, and PM.

    The basic idea is to make an account on a people-friendly exchange (e.g. not Coinbase who don't care in the least about your privacy) that supports your fiat currency, then find the funding page to get instructions on how make a deposit (via card or wire), then once your account is credited you can buy cryptos (BTC is generally safest, but if you ask me, ETH, ADA, LINK are particularly going to moon soon). A key to keep in mind is that a -25% in a day of crypto is not even a big deal, the volatility is nothing like in more traditional financial markets. VTGothic explained everything in more detail.

    @Mohammed Mast
    I have used Coinbase since they began. They are solid and reputable.

    No they are not!! Any exchange is better than Coinbase. See: Coinbase’s Newest Team Members Helped Authoritarians Worldwide Monitor Journalists and Dissidents

    ^ You might want to stop recommending and using Coinbase after reading the above... ^

    It would cost billions of dollars worth of investment to duplicate the current level of infrastructure. Not even a government can afford to do that. That means no one can catch up with Bitcoin.

    Actually, this could technically be done, and repeatedly, but it would serve little purpose as we'd just shift from SHA256 (Bitcoin's mining algorithm) to something else, or to other cryptos. They'd have to kidnap the top BTC developers to do any real damage...

    To settle international trade in such a non-cooperative world something non-corruptible will be needed. Only Bitcoin is completely free of control by a public or private cabal; therefore it only is neutral. Its "use case" will nearly certainly be strengthened in coming decades, even if various other electronic coins find limited use cases within industry groups or between entities.

    There are other, already technically superior but lagging behind in adoption, alternatives to BTC, including Solana (SOL), Fantom (FTM), Cardano (ADA), Apollo (APL)... and more importantly, privacycoins (XMR, ZEC, etc)... because if it's not a privacycoin, it's a surveillancecoin.

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  • Wed, Jul 29, 2020 - 9:52am

    VTGothic

    VTGothic

    Status: Bronze Member

    Joined: Jan 05 2020

    Posts: 267

    0

    Good conversation!

    Hey, tbp,

    I wonder if (and where) you and I might disagree here - as do my brother and I. You wrote:

    There are other, already technically superior but lagging behind in adoption, alternatives to BTC, including Solana (SOL), Fantom (FTM), Cardano (ADA), Apollo (APL)... and more importantly, privacycoins (XMR, ZEC, etc)... because if it's not a privacycoin, it's a surveillancecoin.

    Technological superiority...lagging in adoption. IMO, that's the key.

    I don't know if Bitcoin ever becomes the coin for day-to-day purchases. It's core role is as a digital store of value: digital gold. We don't trade our gold coins for goods, we first convert them to fiat; so I think will be the primary relationship between Bitcoin and alt coins. But as "gold," Bitcoin will always serve as the immutable hedge against alt-coin inflation and manipulation, just as physical gold does against fiats.

    On Coinbase, I agree: the company has totally and unscrupulously caved, esp in some other countries. It's despicable.  On the other hand, I do not believe any blockchain-based money is going to be able to avoid detection and tracing; especially in the long run. I expect there will be an ongoing "arms race" between governments and privacy advocates, which I don't think will ever amount to more than a draw, on average. I'm not convinced "privacy coins" can ever long exist.

    On creating a competitor to Bitcoin you wrote:

    it would serve little purpose as we'd just shift from SHA256 (Bitcoin's mining algorithm) to something else, or to other cryptos.

    I think, in slightly different words, that's my point. There's no value to making such a shift, therefore it won't be done; the value proposition in trying to set up such a system approaches zero in terms of gain, with a high negative price in infrastructure cost. And it would likely fail to be truly decentralized if some entity funded such an alternative (and some entity would have to fund it). If there were a market for an alt-Bitcoin, surely Bitcoin SV or Bitcoin Cash would be faring better.

    Also, I wonder if (as I almost did) you mis-interpreted Mohammed Mast, where he wrote (and you quoted):

    You are in the wrong place if you wish to discuss crypto. ...Very few here get what crypto is all about. It is all about gold and silver and stocks.

    He was not making that statement as his own conviction, but was relaying what he understands Chris' and Adam's attitude toward BTC and alt-coins to be. Your reaction - unless I'm misinterpreting you - suggests you think MM is anti-digital coinage. If so, not so: he shares your and my appreciation for digital money and wishes the founders of this site did, too.

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  • Wed, Jul 29, 2020 - 10:26am

    Mohammed Mast

    Mohammed Mast

    Status: Silver Member

    Joined: May 17 2017

    Posts: 788

    0

    I suggest

    You wipe the foam off your digital device before you go ranting on about me and Crypto.

    I was in the crypto space before it got to $10. I received free BTC as promotions from advertisers . That was the good old days before the assholes moved in and made it a speculative asset class. I have used it to purchase goods and services.

    As for Coinbase your are full of shit . You have no idea what you are talking about. Every exchange operating in the US shares information with the government. They have to. What Coinbase shares is limited and anything the government could get otherwise. You ever hear of the NSA?

    I am one degree of separation from Brian Armstrong. I offered to arrange a podcast with the owners of this site and Brian a long time ago. I did not even receive a polite no thank you.

    As I have stated I have used Coinbase since the beginning and I have never had an issue with customer service.

    Here is a little anecdote for you. I gave a friend of mine one BTC. when it was $900. at the time you could 2fa with a landline. My friend forgot all about is until last year. He needed some money and needed to cash it in. BTC was at $9300. Coinbase had discontinued support for landline 2fa. My friend closed his bank acct which was tied to his Coinbase acct. His email which was tied to hi Coinbase acct. was hacked he abandoned it and set up another one. He did not have his passwords or Master key. He still does not have a cell phone. He could no longer access his email tied to his Coinbase acct. I was able to help him get access to his BTC which he cashed in with the help of customer support.

    You clearly know a lot about a lot based on your posts. But it would serve you well to develop a little humility and don't spout shit about that which you don't know.

    Have a great day. Thanks for the Antonopoulos vids hadn't listened to him in years.

     

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  • Wed, Jul 29, 2020 - 10:34am

    Mohammed Mast

    Mohammed Mast

    Status: Silver Member

    Joined: May 17 2017

    Posts: 788

    0

    Yes

    I stand by my assumption. You are a very intelligent person.

    That was an excellent post. One of the best here or anywhere on BTC.

    Kudos

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  • Wed, Jul 29, 2020 - 2:32pm

    #58
    centroid

    centroid

    Status: Member

    Joined: Nov 16 2014

    Posts: 84

    0

    bureaucracy is a malinvestment caused by the fiat money system

    i reckon that some of the "snow", or "noise" that we see resisting hydroxychloroquine and zinc is really all about bureaucracies protecting themselves (and they dont even see it themselves). and big government bureaucracy is a direct malinvestment caused by the fiat money system. i bet we would not see this inefficiency if we were on a hard money standard. remember "don't expect a man to understand something when his wage depends on him not understanding it" then we get these entities like youtube or face book where the sum of all opinions comes across like a single conciousness or meme and those in charge accelerate the pervading meme by selecting/deselecting opinions in a subconsciously biased manner. its like WHO presents themselves as the centre of health opinion when chris has show they were late in declaring a pandemic and then youtube takes down opinions that diverge from WHO or from the pervading  resistance to hydroxychloroquine. so we get these perceived memes where eveyone becomes afraid of diverging from the consensus which is all in peoples heads anyway. its truly ironic, but there is herding behaviour still going on even though we have these global platforms like youtube or facebook

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  • Wed, Jul 29, 2020 - 4:40pm

    centroid

    centroid

    Status: Member

    Joined: Nov 16 2014

    Posts: 84

    0

    centroid said:

    great comment. bitcoin has the best governance too. code.

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  • Thu, Jul 30, 2020 - 5:35am

    #60
    pokjbv

    pokjbv

    Status: Member

    Joined: Sep 09 2017

    Posts: 17

    6

    Awakened

    Chris, maybe people are finally waking up to the rot in the system, belatedly and possibly too late. We faithful followers for years have known this even when we could not put our fingers on exactly the problem no less any realistic solution. In part because no solution comes without a great deal of pain, and any fork in the path going forward carries the risk now of extinction, so we have to be very wise indeed because our survival depends on it.

    You said; "Which in a twisted sense is positive news. We need the status quo to fail so it can be replaced with something better."

    Other forms of social and economic organization in our past have failed, they got to the point where vast sweeps of mankind died and the living envied the dead, mid 19th century in the richest and most powerful nation on the planet at the time, for example. About 20 years into Victorian England we saw civil war in the USA, and workhouses chock full in Britain, we saw the Irish famine that reduced the population there from almost 9 million to less than 1 million. So it is not the first time things became unbearable, and by the way that is one of the few examples of profound change in a system that did not result in the mass killing and war that accompanied other such revolutions as in America, as in France in the late 18th century. Or just outright permanent collapse as in the fall of the Ottoman Empire and a number of other empires that once were big, strong, advanced, and never recovered once they were forced to change, the Maya, the Romans, the Mogul, the Khmer, I could go on and on, none ever rose again. History is littered with powerful empires that fell and never recovered any significant power and wealth again. Or which took centuries, millennia to return to health, and even then only prospered once a new system was imposed from the outside usually by conquest. The rise of Venice for example. Through force and trade they birthed the Renaissance, and capitalism itself in modern form, with insurance, shares, banking, margin, property rights, a justice system to protect all those, and the first really workable modern democracy. Elements of all those things can be found earlier in history, but it was they who put it all together and a relatively obscure Adriatic port town became the most powerful force in the world of that era.

    The real problem now is how do we effect POSITIVE change for the most people without mass death and anarchy that leads to war and suffering for billions? To me even more important is how do we maintain any sort of freedom within that change because change to this new better world will be meaningless if we are not free to live as we need to. Or, has the world gotten to the point where the population cannot be both viable and also free at the same time? If so what do we as individuals have to give up to tyranny in order to merely survive? I can already see us being enslaved in this new and changing world with science being used as the justification (see Speaker Nancy Pelosi (D-Calif.) on Tuesday urged the public to ignore President Trump's glowing assessment of his response to the coronavirus pandemic and tune in to the public health experts instead. https://thehill.com/homenews/house/492852-pelosi-ignore-trump-listen-to-scientists ) when science is a process of ever changing knowledge and not static fact. The issue of the value of face masks is a great example, they have been extensively studied over decades and found to be useless to stop epidemics or pandemics. Sure they can prevent an infection to an individual on a given day, but as far as slowing or stopping pandemic they were simply not effective, where other measures were far more helpful, isolation, distancing when isolation was not possible, and hand washing/sanitizing are far and away more effective and even those will not end a pandemic which will run it's course no matter what we do short of a vaccine. Yet, the leaders in the face of such a crisis as a deadly pandemic HAVE to appear to be acting to "save" us, so they simply changed the science, the results of decades of study. And it has made ZERO difference to the course of the pandemic, may even have aggravated the situation because it has caused people to rely on masks to keep them from getting sick when they are ignoring (slacking off anyway) other more effective measures like distancing and handwashing. And the irony is dependence upon those masks as a preventive measure is only partially effective if all other conditions are PERFECTLY executed. In fact you and I can walk into any public space like a Walmart and see that 98% of mask wearers are wearing them wrong, so any possible and small advantage you get from wearing them is simply deleted by poor execution.

    And do not even get me started on the so called science of man made global warming.

    The point being that the powerful hold in their whip hand force and will use it to get their way, if nothing else works they will force you to obey and use "science" as justification even where that so called science is manipulated and changes depending on the needs of the day, and it is brilliant because religion used to fill that role and religion was static, god spoke and it was never changing law. Science speaks and it is FACT till another scientist speaks and says oh wait, we were wrong, new evidence says..... I have dozens and dozens of scientific article that say just that, "our climate models were wrong," or "our climate models need to be adjusted to incorporate this new data." So science is good as a method of learning and gaining new knowledge over time, but it is as tyrannical as anything else when in the hands of the elite who govern, it can justify anything they want to justify and can change at the drop of a hat.

    Anarchy is what I see in America's future, and it will not just end America, reactionary forces will try to galvanize our society into a single cooperative whole via war with survival as the stakes.

    Anarchy has one goal, blame someone else for your misfortune and go after them in a way to inflict the most harm and pain, there is no plan for something better, more equitable, anarchists say that will come naturally afterwards when we rebuild. But, all those rich and powerful empires that have winked out never to reappear did so because they were faced with change, but had decided to grasp the status quo with both hands and the elites would rather see civilization dead than let go their power and status, their wealth, so it boils down the the greed of the wealthy and those that aspire to it. The opposite end of the spectrum are the anarchists that say enough, we would rather kill civilization than go on in this poverty and tyranny. Kill the elite and let the chips fall where they may.

    Both will get us all killed.  So it is not enough to say "at last the status quo is failing."  If you cannot find a way to repair society without that failure, if you cannot effect change without killing the current paradigm, then you will regret not stopping that change, because as bad as things are now they can and will get a whole lot worse.  The probability that we will form a better society post anarchy is dismally low.  And in the end the pain of trying to effect change will only serve to reinforce the status quo and who knows, maybe that is what our wealthy owners want, just as the plantation system reached its end and yet after the catastrophic war and upheaval the same plantation owners made the same profits off the same laborers but now with even less responsibility toward them than they did to their cattle.  The goals not only were not met they were followed by more than a century of worse conditions for those enslaved, we just no longer called it slavery.

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  • Thu, Jul 30, 2020 - 7:35am

    #61

    Wendy S. Delmater

    Status: Diamond Member

    Joined: Dec 13 2009

    Posts: 1434

    2

    In the "this can't go on" category

    I have friends who are still up working in NYC. I cashed out and left for semi-rural South Carolina 11 years ago, and I am glad I did. Who can survive what's happening to their economy? I never thought I would see Macy's flagship store looted. Here's what the rush hour looked like in NYC this morning near one of its busiest bridges.

    NYC is the financial engine of the country. It's not just dying, it's dead and just has not had the good grace to lay down yet. It's all about to come crashing down around our ears. Are you as ready as you can be?

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  • Thu, Jul 30, 2020 - 8:00am

    VTGothic

    VTGothic

    Status: Bronze Member

    Joined: Jan 05 2020

    Posts: 267

    0

    Wow!

    Man! pokjvb, you nicely articulate my constant worry about the blithe attitudes I see all around the issue of this system coming to an end.

    History is not on the side of a happy next incarnation of US society. Indeed, I see the happy talk the same way I see stock market exuberance: the more elevated it becomes the more worried I am that a fearful move is coming, because human behavior doesn't change.

    I expect we are inexorably heading for our own 70 years of captivity (as in Babylon so long ago, and in the Soviet sphere so recently, and too frequently in between) because we don't seem able to learn.

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  • Thu, Jul 30, 2020 - 8:20am

    #63
    2retired

    2retired

    Status: Bronze Member

    Joined: Jul 20 2020

    Posts: 74

    1

    2retired said:

    I would recommend "State of Fear" by Michael Crichton. A short read, but his most prescient. Not popular with the liberalists as the wrong people are villains. Fear being the most useful, as a means of manipulating the populace.

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  • Thu, Jul 30, 2020 - 11:12am

    #64
    kunga

    kunga

    Status: Bronze Member

    Joined: Feb 26 2017

    Posts: 368

    6

    My tiny garden

    Thank you to Chris, etal. for the constant garden message.  We had a cold, rainy spring, through June.  This caused a huge weed growth.  I am more scared of wildfires than starvation at this point.  Most of my time was spent out wrangling the weed whacker to clear a "defensible space" around my mobile home and out buildings.

    When I was finally able to turn my attention to growing something, many seeds were sold out.  I am going to have a fine crop of bush beans and giant Mongolian sunflowers.  I had some lettuce and kale seeds from last year.  Planted in a large fabric pot set on a wooden electrical wire spool, they have done well.  Planted stuff, June 21, last long day, but at least it was "dark of the moon".  Wildflowers reseeded themselves from last year and I have planted more for the bees and butterflies.

    The only reason I would drive to town, now, would be to buy fixin's for a fresh salad.  And now I am eating gourmet salad from my yard.  Yay!!

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  • Thu, Jul 30, 2020 - 1:52pm

    #65
    tbp

    tbp

    Status: Gold Member

    Joined: Apr 12 2020

    Posts: 523

    1

    BTC, privacycoins,

    @VTGothic
    I don't know if Bitcoin ever becomes the coin for day-to-day purchases.

    That'll be difficult for two main reasons:

    1) Bitcoin Core (BTC) developers have been prioritizing long-term viability and security over shorter-term usability -- hence the disagreement that resulted in Bitcoin Cash (BCH) -- which results in serious bottlenecks when too many people try to use it simultaneously, resulting in exhorbitant fees (it once reached around $50 fee per transaction).
    2) The deflationary model aligns incentives over the long-term to that of usage as a store-of-value, more than as a P2P currency (everyone expects its value to increase, so why use/spend it rather than hoard/HODL it?)

    On the other hand, I do not believe any blockchain-based money is going to be able to avoid detection and tracing; especially in the long run. I expect there will be an ongoing "arms race" between governments and privacy advocates, which I don't think will ever amount to more than a draw, on average. I'm not convinced "privacy coins" can ever long exist.

    That battle is already well underway. I'm no expert -- I could tell you little about cryptographic primitives or elliptic curves -- but from what I can tell, ring signatures of >10 participants as used by XMR is already pretty provably strong anonymity. Some others like APL (Apollo) and WOW (Wownero, a memecoin, basically DOGE+XMR) are on the same track, and ZEC (Zcash) is trying different approaches that top cryptography experts suggest may be less provably secure. There are also several working on quantum computing/Shor's algorithm resistance (the Deep State could have quantum computers of sufficient qubits already).

    I know Mohammed Mast is pro-crypto, you both read me a bit wrong, I was referring to the people MM was referring to as being clueless in regards to crypto.

    @Mohammed Mast

    As for Coinbase your are full of shit . You have no idea what you are talking about. Every exchange operating in the US shares information with the government. They have to. What Coinbase shares is limited and anything the government could get otherwise. You ever hear of the NSA?

    But Coinbase in particular has been involved with really bad anti-privacy players, not only in government but companies involved in human rights violations. Highly not recommended for that reason, as I presume it's not the kind of company you'd prefer to support. Brian Armstrong was also one of the, IMHO, clowns who bought into the Bitmain-led narrative that ended in messy hardforks starting with BCH, and continues today in a sense to split the Bitcoin community in two... well kinda three now. I'm not saying their customer service, or interface, or usability, or anything else isn't good.

    @VTGothic
    I expect we are inexorably heading for our own 70 years of captivity (as in Babylon so long ago, and in the Soviet sphere so recently, and too frequently in between) because we don't seem able to learn.

    I think it's more about the old system collapsing under its own dead weight (much like the Soviet Union but on a global scale), the formerly-mainstream corporate legacy media and their mind-controlled NPC army being ever-increasingly perceived by the sane as the #1 problem and a major threat to their very survival (a "clear and present danger" to use a military term), and we then dropping the polarizing/divisive labels and starting to work together particularly on local levels, bottom up, and then... we'll be finally ready for the real shit....

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  • Fri, Jul 31, 2020 - 2:39am

    #66
    kunga

    kunga

    Status: Bronze Member

    Joined: Feb 26 2017

    Posts: 368

    2

    Chemtrails

    Perhaps the pilots are quarantined with Covid-19 or the program is out of money, either way, no chemtrails for many weeks, now.  Sure is nice to see a crystal blue sky, again.  Also, I haven't heard HAARP turn on for a while now, either.  Nice.

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  • Fri, Jul 31, 2020 - 6:09am

    #67
    tbp

    tbp

    Status: Gold Member

    Joined: Apr 12 2020

    Posts: 523

    0

    No chemtrails since March

    Yeah, same here in southern Europe -- no chemtrails since mid-March!!! The summer has been much less warm, and there's been far more rain, resulting in greener mountains, where it used to look very brown during summer, as well as natural clouds again. There was unprecedented levels of spraying early this year, where an artificial spring began over a month early in February (normally the coldest month). There was yellow pollen season (over a month early) alongside white metal dust "season", and you could see how they're clearly two different things, sometimes side-by-side. We even started wearing face masks to protect against the chemtrails, at the same time as Covid cases were starting to go exponential some days before lockdown.

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  • Fri, Jul 31, 2020 - 2:11pm

    #68
    Time2help

    Time2help

    Status: Platinum Member

    Joined: Jun 08 2011

    Posts: 2346

    6

    More Evidence Presented for Why Hydroxychloroquine Should be Made Available (AAPS)

    "This week the Association of American Physicians & Surgeons submitted additional evidence to a federal court for why interference with hydroxychloroquine (HCQ) should end by the Food & Drug Administration (FDA) and the Department of Health & Human Services (HHS), in AAPS v. FDA, No. 1:20-cv-00493-RJJ-SJB (W.D. Mich.).
     
    "As confirmed by another recent study of thousands of patients at the Henry Ford Health System in Michigan, HCQ is both very safe and highly effective in treating COVID-19, reducing mortality by 50%," AAPS informed the court in its filing. "Countries with underdeveloped health care systems are using HCQ early and attaining far lower mortality than in the United States, where [HHS and the FDA] impede access to HCQ."
     
    Yet most Americans are still unable to obtain HCQ for early treatment of COVID-19, and virtually no Americans are able to access it as preventive medicine. HCQ has been used safely for decades by travelers to protect against malaria, but Americans are dying from COVID-19 while HCQ is withheld from them."

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  • Wed, Aug 05, 2020 - 7:40am

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 208

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    One must have both

    One must have both. Form Follows Function!!!!!!!!!

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  • Wed, Aug 05, 2020 - 8:29am

    #70

    Boomer41

    Status: Bronze Member

    Joined: Nov 30 2008

    Posts: 142

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    Polish Chemists Show How to Cheaply Synthesize HCQ

    The technology involved is above my pay grade, but the chemists among us will hopefully understand.

    https://scienceinpoland.pap.pl/en/node/81426

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  • Wed, Aug 05, 2020 - 4:31pm

    EddieLarry

    EddieLarry

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    Joined: Jul 04 2020

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    Positive social action

    “The real problem now is how do we effect POSITIVE change for the most people without mass death and anarchy that leads to war and suffering for billions? To me even more important is how do we maintain any sort of freedom within that change because change to this new better world will be meaningless if we are not free to live as we need to. Or, has the world gotten to the point where the population cannot be both viable and also free at the same time?”

    Great point! I suggest that positive social action, i.e., work is the only answer.  Of course, I am retired but I try to be charitable and invest in things people need.  What is that old motto?  Do your best!

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  • Wed, Aug 05, 2020 - 4:36pm

    EddieLarry

    EddieLarry

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    Joined: Jul 04 2020

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    Freedom!

    Great examples of people destroying personal Freedoms and their right to work for fair returns.  Not good when societies do that.  Consider Venezuela.

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  • Wed, Aug 05, 2020 - 4:40pm

    EddieLarry

    EddieLarry

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    Joined: Jul 04 2020

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    Ponzi Scheme?

    I look at the bitcoin brood as an “in your face” ponzi scheme.  If you buy low and sell high, it is a great thing.  But the coins have very limited use.  I mean has anyone heard about the greater fool theory?

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  • Thu, Aug 06, 2020 - 3:14am

    VTGothic

    VTGothic

    Status: Bronze Member

    Joined: Jan 05 2020

    Posts: 267

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    It's an Asymmetrical Emerging Tech Risk-Reward Scenario

    I look at the bitcoin brood as an “in your face” ponzi scheme.  If you buy low and sell high, it is a great thing.  But the coins have very limited use.  I mean has anyone heard about the greater fool theory?

    There's a decent discussion to be had about the future of Bitcoin itself, but if by "bitcoin" you mean to castigate the entire cryptocurrency universe, you're likely the "greater fool." Digital currency is coming. If by chance you do mean Bitcoin itself, you really ought to make your case for why Bitcoin is a loser against other cryptocurrencies.

    This is very early days. Lots of experimentation is being done and many private digital currencies will fall by the wayside. (For analogy, remember Netscape and AOL? Or, even better: ever hear of PlayNet?) Early investors can lose money, but they also stand to reap very large rewards. This is certainly true for Bitcoin. Indeed, I think especially for Bitcoin - which is why I'm nicely invested in it and prepared to ride the roller coaster that attends all early investments.

    Meanwhile, all governments (including the US) are looking at protocols for going digital. For nation states, digital's many advantages far outweigh any limitations citizens might realize. Heck, the Fed "printing press" is already digital - albeit in a very crude form.

    You might not know that a year or so ago Wyoming passed a comprehensive framework of laws that integrate digital currencies into existing banking and finance laws, positioning it to be for cryptocurrencies what it also was for LLCs - the first to recognize, develop, and enact an appropriate legal structure for a new type of corporation. Avanti, the first fully compliant digital currency bank with legal custodial status, is just a couple months from final approval by the state of Wyoming. The Federal government is examining Wyoming's legal structure and has received testimony from (among others) the head of Wyoming's team on crypto legislation, and now founder-CEO of Avanti, Caitlin Long. This stuff is coming, and quickly.

    The heart-question is whether any of us will be able to escape the absolute control over our individual income and wealth that digital money will hand to government agencies. Private currencies are the most promising avenue toward that opportunity, and the varying properties of some coins helps inform that David vs. Goliath conversation, and is the reason some conversationalists point to the advantages of coins like Monero and protocols like "mixing".

    Other coins are being developed around other specific use cases. In my opinion, some of the more interesting coins include Ethereum, Litecoin, Ripple, and Stellar. Other crypto enthusiasts will have their own lists of favorites. In each case, a few hundred dollars invested early on offers the potential for large, asymmetrical gains - or small losses.

    There have been some purely nonsensical coins offered (commonly as ICOs) whose main purpose may well have been to harvest the spare change of under-informed retail investors, especially during the cryptocurrency "wild west" days, but that's largely over, due to court cases, increasing investor sophistication, and growing regulation of the space. But if that history - common to any new enterprise space - becomes the context of anyone's evaluation of the digital coin world at large, such persons will find themselves behind the wave of innovation and transformation that is already washing over the industrial, commercial, and financial world.

    There is certainly money to be lost by investing early in new technology and new applications of new technology. It's not for everyone. But being temperamentally risk-off does not make those who are temperamentally risk-on fools. And in the crypto-space those who educate themselves about the space, and who can stomach potential loss of relatively small investments, are positioning themselves to potentially reap hugely asymmetrical upside gains. Ditto for the larger blockchain space.

    This is the world of the macro-informed hedge fund. And right now we have a rare moment when someone with just a hundred dollars can get in on this play because - so far - governments have not restricted the opportunity to only "accredited" investors ("accredited" means: only the rich are allowed to seek out-sized returns risking their own money).

    That's why I think everyone should invest $100 in cryptocurrency. More if they can afford it and won't lose sleep. The worst that will happen is they'll lose their small investment. The potential upside is literally unknown, but large.

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  • Thu, Aug 06, 2020 - 8:53am

    Mohammed Mast

    Mohammed Mast

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    Joined: May 17 2017

    Posts: 788

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    EddieLarry

    ROTFLMAO

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  • Thu, Aug 06, 2020 - 11:29am

    Thors Hammer

    Thors Hammer

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    Joined: Feb 13 2020

    Posts: 46

    1

    Cosider Venezuela

    Eddy Larry

    More Americans should consider Venezuela.  As in what happens when a country tries to use its national wealth for distribution to the majority of its citizens instead of exporting it to the superwealthy of a foreign country.  And finds itself under economic attack and repeated political Coups from an immensely more powerful neighbor- the USA.  Forget your Repug/Demo/Lib/Commy/Isms and open your mind to reality.

    There is another side to the story: one that is completely censored in the USA.

    Propaganda?-- maybe.   As if the American public's understanding of our relationship to Venezuela were not the product of pure propaganda from people like Bolt-on.

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  • Thu, Aug 06, 2020 - 11:15pm

    Rootman

    Rootman

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    Joined: May 09 2020

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    Rootman said:

    Gargamel (Elliott Abrams) has been promoted. He is not longer special representative for Venezuela envoy for Latin America, but is now going to officially screw up Iran policy:

     

    https://www.cbsnews.com/news/elliott-abrams-iran-contra-named-special-representative-iran/

     

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  • Fri, Aug 07, 2020 - 8:06am

    #78
    rhoro

    rhoro

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    Joined: Aug 03 2020

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    Second-wave shutdown a mistake: renowned Harvard economist

    ThisaThis at the Brookings Institute argues that another lockdown for a second wave is a bad idea. This broadly supports Chris's two YouTube videos from this week.

    https://www.brookings.edu/bpea-articles/policies-for-a-second-wave/

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  • Fri, Aug 07, 2020 - 9:52am

    Jim H

    Status: Bronze Member

    Joined: Jun 08 2009

    Posts: 1206

    4

    Second wave shutdown a mistake..

    One could also cite Sweden in making this case, as Dr. James Todaro did earlier today;

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