Curt Doolittle

Category: Economics, Finance, and Political Economy

  • THE CONSEQUENCE OF CRYPTO-CURRENCIES: PYRAMID STOCKS I love you all, and I know

    THE CONSEQUENCE OF CRYPTO-CURRENCIES: PYRAMID STOCKS

    I love you all, and I know we all seek power by means we understand. But you know, cryptocurrencies are bullshit. All you are doing is issuing growth stocks on speculation, and the government can easily suppress it. Now, to say that there are a lot of suckers who will chase a bullshit growth stock is nothing but saying that there are suckers for every possible pyramid scheme.

    All you are doing is self financing the next fiat currency system (which is fine) – the world needs a method of circumventing the financial system.

    Now, all fiat currency is stock in the state. And all fiat currency depends upon growth of some sort (or at least, relative stability) – in the sense that it is more stable than other market assets because its demand-price can be regulated by the state.

    But you gotta understand. There is no future for private currencies. Just the opposite. The future will largely consist of even more fiat money exchange, with commodity money, like today, a more volatile insurance against rapid depreciation of the fiat currency.

    If for some reason the blockchain (ledger) system succeeds, and all the techincal problems are solved (very questionable), the state will merely regulate it such that it is first an extension of the fiat currency, and then a partial replacement for it, and then a full replacement for it.

    So, in effect, the crypto-currency research and development is assisting the state in developing the technology with which to deprive us of hard currency and our ability to conduct exchanges invisibly and outside of the government interference.

    all little boys want secret boxes – but little boys have nothing to put in them. Big boys don’t use secret boxes. They leave the stuff for all to see, because they possess the arms to defend it.

    The palaces in Minos, like Sparta, had no walls.

    Source date (UTC): 2017-08-16 10:25:00 UTC

  • “Everyone I know who lives in a dual income home uses the woman’s job as collate

    —“Everyone I know who lives in a dual income home uses the woman’s job as collateral to borrow more money for shit they don’t need.”— Jonathan Scheller

    Source date (UTC): 2017-08-15 14:32:00 UTC

  • Retweeted vij (@vijinho): Sickening how the UK govt allied with the banks to fle

    Retweeted vij (@vijinho):

    Sickening how the UK govt allied with the banks to fleece and indebt the public in WW1. Gordon Brown 2008 echoes.

    https://t.co/NJMxqz0Ea3 https://t.co/Be4idrd9Sb

    Source date (UTC): 2017-08-15 04:50:00 UTC

  • SOME CONSPIRACY THEORIES ARE TRUE: CREATING THE FED TO SOCIALIZE LOSSES OF BANKS

    SOME CONSPIRACY THEORIES ARE TRUE: CREATING THE FED TO SOCIALIZE LOSSES OF BANKS.

    by Michael Churchill

    A conspiracy theory is defined by four characteristics: (1) a group (2) acting in secret (3) to alter institutions, usurp power, avoid blame, obscure truth, or gain utility (4) at the expense of the common good.

    One event that meets all four criteria is the creation of the Fed — particularly the secret meeting in 1913 at Jekyll Island of representatives of all the big banking interests, who went down there under the guise of going on a hunting trip, in order to form an entity to socialize risk in the banking system, thereby allow banks to run with lower capital ratios.

    Source date (UTC): 2017-08-13 10:45:00 UTC

  • All avoidance of innovation comes at the expense of the consequences of innovati

    All avoidance of innovation comes at the expense of the consequences of innovation, and all innovations come at the expense of alternative innovations.

    Source date (UTC): 2017-08-10 10:41:00 UTC

  • “This is why I love capitalism. It knows no race. It has no sacred cows. Jacob Z

    –“This is why I love capitalism. It knows no race. It has no sacred cows. Jacob Zuma and his Gupta Family goons hire a British PR firm to do a hit job in South Africa. The job involves stoking what critics call “racial tensions” to distract from Zuma’s PR problems. Naturally, the white moguls who support his enemies are furious. But as I have said elsewhere: the biggest threat to racism, racists and nationalists is pure capitalism.”— Ayelam

    It’s true. Although the biggest threat to evolution is universalism. Each of us must pay for our own demographic domestication. otherwise, I’m sorta in the “Yeah, I understand the racism thing”. I just prefer we all carried our own water so that we all got along. And as far as I know, capitalism says ‘carry your own water’. The problem is, universalism says the opposite. Ergo, nationalism = capitalism: carrying your own water. I fucking hate racism so my only solution is nationalism.

    Source date (UTC): 2017-08-08 11:53:00 UTC

  • I DETERMINE BUBBLES BY THE OFFERINGS COMING TO MARKET, MARKETING PROSE, SALES PI

    I DETERMINE BUBBLES BY THE OFFERINGS COMING TO MARKET, MARKETING PROSE, SALES PITCHES, WHO IS SAYING WHAT, AND SO ON – not financial measures.

    I use asymmetries of knowledge and value. In other words, I measure by what other people are NOT measuring. (This is also what soros does.) Why? Because markets head toward disequilibrium then correct during shocks. The harder the currency the less disequilibrium before corrections. The looser the currency the more disequilibrium before corrections. The problem with the current monetary system is that we cannot insure sectors experiencing shocks without increasing the disequilibrium of the unaffected sectors. Although I know how to fix that it’s not a good thing.

    Someone just showed me a NYC tech fair. I follow most of the new product blogs and sites. I mean, the major players are total f-ck ups (microsoft, and apple). The near monopoly of advertising between fb and google is creating a regulatory certainty that will define the next generation. And amazon is doing more damage to the local economies than did the generations of department stores, then malls, then big box stores – and creating tax and monopoly problems there too.

    Meanwhile we have $2M ranch houses in SF, the catastrophic failure of large numbers of tech companies, and all tech innovation seems to be nothing but fashion redecorating of the past generation of applications combined with marketing.

    Meanhile underinvestment in infrastructure, underinvestment in improving business software, and overinvestment in tablets and handhelds continues.

    I have been predicting this crash and the long term consequences forever. I said that the crash would happen in 08, that the effects would last through 14, that we would have another correction around 17, and that we would see a generational upheaval in 2020 to 2025. I was really, really wrong on china. I still don’t freaking understand china. I just don’t know how they are getting away with it. It must be so much more hugely inefficient a system with so much excess but willingly desperate labor that I can’t model it in my head.

    So as far as I know, this is going to suck.

    My hope is that we get a trifecta of the economy, overseas warfare, attempted impeachment, or maybe zuckerberg running for president, and that this combination creates sufficient anxiety to demand a revolution.

    Source date (UTC): 2017-08-07 11:59:00 UTC

  • IS YOUR MORAL ARGUMENT BY REVENUE, INCOME, OR BALANCE SHEET? Whenever people cla

    IS YOUR MORAL ARGUMENT BY REVENUE, INCOME, OR BALANCE SHEET?

    Whenever people claim some policy or value is good, ask them whether they mean a sales and revenue report, an income statement, or a balance sheet.

    1 – Revenue Report

    Money In the Door (liberal / female )

    Ooooh, look what I have to spend!

    2 – Income Statement

    Money In Minus Expenses Out (libertarian – ascendant male)

    Oh, maybe I have something left to save or invest?

    3 – Balance Sheet

    Assets minus Liabilities after Income and Expenses

    (Conservative – Mature Male)

    Hmm…. In the end, after all is said and done we’re still losing capital due to depreciation and unproductivity.

    In other words, are they using full accounting (balance sheet), or are they *cherry-picking*?

    Because a conservative includes genetic, social, institutional, and normative capital in his calculations. A libertarian is selective about it. And a liberal treats it as someone else’s problem.

    Source date (UTC): 2017-08-07 08:01:00 UTC

  • How are they not universal? They depend only on sufficient wealth to satisfy inc

    How are they not universal? They depend only on sufficient wealth to satisfy increasingly marginal preferences.

    Source date (UTC): 2017-08-07 05:16:40 UTC

    Original post: https://twitter.com/i/web/status/894427047312977920

    Reply addressees: @jointstocksodom @comeonpeopleV_V

    Replying to: https://twitter.com/i/web/status/894380253975642114

    IN REPLY TO:

    Original post on X

    Original tweet unavailable — we could not load the text of the post this reply is addressing on X. That usually means the tweet was deleted, the account is protected, or X does not expose it to the account used for archiving. The Original post link below may still open if you view it in X while signed in.

    Original post: https://twitter.com/i/web/status/894380253975642114

  • All organizations capable of generating rents will maximize all rent opportuniti

    All organizations capable of generating rents will maximize all rent opportunities.

    Source date (UTC): 2017-08-04 08:41:00 UTC