The chart that really floored me was the DoD spending on Veterans Benefits. Bloody hell. Combine that with the other welfare. And the head spins.
And while I’m not American (as much as I enjoy travelling there), and shouldn’t care, I’ve seen over the years the truth in the adage, ‘America sneezes, and the rest of the world catches a cold’.
So do you agree that we need to move beyond money, banks and capitalism yet? Or do you need more time? Do you at least agree/accept that capitalism is and runs on ever accelerating creation and injection into circulation of fiat currency (which is done through the legalised fraud of banking, which is creates fictional yet spendable legal tender by pretending to lend already existing legal tender)? Or do you need more time?
Still convinced you can have something (financial profitability) from nothing (money supply growth slower than geometric)?
I see what you did there. Don't try to slide in communism because of systemic faults self interest amoral behavior and corruption. Which I might add communism is not immune to either.
Communism? Weasel word or outright fiction. If it has money, it is capitalism. It's as simple as that. The role and purpose of money is to facilitate money printing. And the role of money printing is to facilitate financial profit and unearned consumption in the present in exchange for promises of future payment by someone else (which is what money is). And no, wealth is not money and money is not wealth. In fact, money CANNOT be wealth and wealth CANNOT be money or it fails at its role and purpose: to facilitate unearned/unpaid for consumption in the present in exchange for promises of future payment by someone else. Money is promises of future payment to the bearer. You get paid when you spend your money, not when you receive your money. Money is seigniorage. Money is purchasing power by fiat. Money is fiat currency. A society which operates for financial profit (capitalism) is mathematically impossible without a perpetual geometric growth of its money supply. Which requires that fiat currency be legal tender or that's itself not physically possible.
My favorite is the new definition of EBITTDA.
Time to invest in doing real-world things oneself, not merely market-abstractions, eh?
🎯
Pulled a significant chunk out of the market in recent months.
Retail investors are just sheep to be shorn. The markets will do fine without us.
Like GOLD RIVER!
Most charts become obvious only after the move.
The edge comes from identifying regime shifts before consensus catches up.
Thanks No1.
The chart that really floored me was the DoD spending on Veterans Benefits. Bloody hell. Combine that with the other welfare. And the head spins.
And while I’m not American (as much as I enjoy travelling there), and shouldn’t care, I’ve seen over the years the truth in the adage, ‘America sneezes, and the rest of the world catches a cold’.
I love a steamy romance but especially on the silver screen
EBITTDA
😂
So do you agree that we need to move beyond money, banks and capitalism yet? Or do you need more time? Do you at least agree/accept that capitalism is and runs on ever accelerating creation and injection into circulation of fiat currency (which is done through the legalised fraud of banking, which is creates fictional yet spendable legal tender by pretending to lend already existing legal tender)? Or do you need more time?
Still convinced you can have something (financial profitability) from nothing (money supply growth slower than geometric)?
I see what you did there. Don't try to slide in communism because of systemic faults self interest amoral behavior and corruption. Which I might add communism is not immune to either.
Communism? Weasel word or outright fiction. If it has money, it is capitalism. It's as simple as that. The role and purpose of money is to facilitate money printing. And the role of money printing is to facilitate financial profit and unearned consumption in the present in exchange for promises of future payment by someone else (which is what money is). And no, wealth is not money and money is not wealth. In fact, money CANNOT be wealth and wealth CANNOT be money or it fails at its role and purpose: to facilitate unearned/unpaid for consumption in the present in exchange for promises of future payment by someone else. Money is promises of future payment to the bearer. You get paid when you spend your money, not when you receive your money. Money is seigniorage. Money is purchasing power by fiat. Money is fiat currency. A society which operates for financial profit (capitalism) is mathematically impossible without a perpetual geometric growth of its money supply. Which requires that fiat currency be legal tender or that's itself not physically possible.