Any commodity is a store of value. That does not make it money. BTC? What value is BTC without electricity? BTC is not money. It is a divisible share of the BTC network. A share just as fiat money is. But divisible and token money: a money substitute.
Source date (UTC): 2020-05-02 17:28:33 UTC
Original post: https://twitter.com/i/web/status/1256636710382944259
Reply addressees: @pennington_max @MacleodFinance
Replying to: https://twitter.com/i/web/status/1256630015099310080
—“The dollar is the new form of money. There is relentless demand for dollars. Relentless! As populations age the time value of money declines. The preference for money LATER comes to exceed preference for money NOW (because older people need savings). That’s why you have 0% interest rates across the developed world.”—Michael Churchill
Source date (UTC): 2020-05-02 16:13:00 UTC
That’s false. Gold is a durable commodity. The transaction cost is too high to function as money. The fraud rate is too high to function as money. The scarcity is too high to function as money (there isn’t enough of it). It’s too open to manipulation to function as money.
Source date (UTC): 2020-05-02 14:41:17 UTC
Original post: https://twitter.com/i/web/status/1256594615970529288
Reply addressees: @MacleodFinance
Replying to: https://twitter.com/i/web/status/1256489744063696896
GOLD IS NO LONGER MONEY BECAUSE IT CAN’T BE
—“I want to stress the importance of understanding gold is money, not an investment. With banks on Comex getting into greater difficulty it is increasingly likely the US Treasury and Exchange Stabilisation Fund will attack the gold price in an attempt to save Comex and the banks.”—Alasdair Macleod @MacleodFinance
That’s false. Gold is a durable commodity. The transaction cost is too high to function as money. The fraud rate is too high to function as money. The scarcity is too high to function as money (there isn’t enough of it). It’s too open to manipulation to function as money.
Source date (UTC): 2020-05-02 10:43:00 UTC
—“Markets = Decidability Engines.”– Gary Knight
Source date (UTC): 2020-05-02 07:57:00 UTC
Commercializing it in the commons has had a negative consequence in every city that’s tried it. Keeping it a ‘craft’ outside of the commons wouldn’t produce the externalities. The difference between legalizing and commercializing. ie: Legalizing prostitution vs commercializing.
Source date (UTC): 2020-04-30 15:36:09 UTC
Original post: https://twitter.com/i/web/status/1255883649343520775
Reply addressees: @honestpolitic16 @NickJFuentes
Replying to: https://twitter.com/i/web/status/1255881325858390017
GRID EXPLAINING COMMONS-ISM
GRID:
……………………CHILD……………………….
ANARCHIST …….VS ….COMMUNIST
(heterogeneous, no commons, just consumption)
(diasporic, tribal, imperial subjects, “the men will do it”)
no capitalization ………no capitaliz… https://t.co/HXCy1VvKkI
Source date (UTC): 2020-04-28 12:16:53 UTC
Original post: https://twitter.com/i/web/status/1255108725964247040
photos_and_videos/TimelinePhotos_kg5QueHwVw/94459593_268438137887680_2416887417261785088_o_268438131221014.jpg GRID EXPLAINING COMMONS-ISM
GRID:
……………………CHILD……………………….
ANARCHIST …….VS ….COMMUNIST
(heterogeneous, no commons, just consumption)
(diasporic, tribal, imperial subjects, “the men will do it”)
no capitalization ………no capitalization
individual…………………collective
inequality…………………equality
.
MALE………………VS…………………….FEMALE
.
inequality…………………equality
familial…………………….collective familial
max capitalization ……max consumption
(landed, national, self rule, “we’re the men who do it”)
(homogenous, commons, over consumption )
COMMONSIST …VS …SOCIALIST
……………………PARENT……………………….
Humans have very comprehensible differences in instincts, and evolved to express those very comprehensible instincts, and then to make up stories justifying them.GRID EXPLAINING COMMONS-ISM
GRID:
……………………CHILD……………………….
ANARCHIST …….VS ….COMMUNIST
(heterogeneous, no commons, just consumption)
(diasporic, tribal, imperial subjects, “the men will do it”)
no capitalization ………no capitalization
individual…………………collective
inequality…………………equality
.
MALE………………VS…………………….FEMALE
.
inequality…………………equality
familial…………………….collective familial
max capitalization ……max consumption
(landed, national, self rule, “we’re the men who do it”)
(homogenous, commons, over consumption )
COMMONSIST …VS …SOCIALIST
……………………PARENT……………………….
Humans have very comprehensible differences in instincts, and evolved to express those very comprehensible instincts, and then to make up stories justifying them.
Source date (UTC): 2020-04-28 08:15:00 UTC
(Y’all gotta thank Luke Weinhagen for that framing. Been fussing with it myself and wasn’t until he put the frame around it that I could write the economics of it. But this concept has legs.)
“Commons-ism”
Source date (UTC): 2020-04-27 22:16:00 UTC
“THE ECONOMICS OF NATIONAL COMMONS-ISM”
attn: @[1013719133:2048:Luke Weinhagen]
1) Commons are a non consumable capitalization from which everyone benefits – a park where you can raise small children cuts the cost of yard ownership for example. Lacking a park where you can raise small children increases the cost of homes and yards, driving people out of high investment parenting.
2) Commons solve the problem of high investment parenting, without requiring high familial economic investment by every family. Families buy access to commons by high investment parenting, which creates incentive for the production of commons and their high returns.
3) We use high investment parenting in the production of high investment commons. We use high investment commons to facilitate high investment parenting.
4) This is what the middle working, and lower working classes sense is being stolen from them – the ability to use commons to produce high investment parenting. Best example is that they can’t afford to move away from malcontents by denying them access.
5) Low investment parenting immigrants and classes, decrease the incentive to produce commons that are then consumed for purposes of other than raising families. Low investment parenting immigrants and classes increase consumption that is upwardly redistributable to the financial sector, and decrease production of commons as redistribution to
6) Elites (advertising, media, financial, academic, political), will happily consume profits and income instead of investing in commons if lower working, working, and middle classes tolerate it.
7) The laboring, lower working, working, middle, and increasingly upper middle class, will only tolerate it until the low hanging fruit of consumption has been exhausted, and the demand for commons is restored.
8) Christianity is exceptional at producing respect for commons because behavior in the church environment (suppression of impulse) and the sacredness of the properties, extend to the commons.
9) In the absence of universal christian indoctrination we must us the law to suppress consumption (destruction) of the incentive to produce high trust, ‘sacred’ commons, suitable for the raising of children. And exporting ‘exploratory’ (teen, young adult) behavior (pre-maturity) to labor (markets) sport(competition) and external (wild) commons.Updated Apr 27, 2020, 9:38 PM
Source date (UTC): 2020-04-27 21:38:00 UTC