The amount of rationalization of one stupid thing or another by some subset of the right never ceases to amaze me. Monkeys on the Left. Monkeys on the Right. Makes no difference.
Source date (UTC): 2017-06-22 10:09:00 UTC
Source: Facebook
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Yes, I read a lot faster than most people do – but it’s primarily because at thi
Yes, I read a lot faster than most people do – but it’s primarily because at this point, anything novel someone says leaps out, anything intelligent someone says is predictable, and anything unintelligent someone says is readily identifiable and discountable. So, there isn’t a lot to ‘read’ in the sense of ‘understand’. It’s more a function of quickly identifying the obvious and the stupid. The only thing that’s valuable is something I don’t know, and creative framing that assists easier communication. is that fucking arrogant? Maybe. It’s just freaking true. And its a benefit of propertarianism and testimonialism. Everything in the human experience just sort of ‘makes sense’ once you get it.
Source date (UTC): 2017-06-22 09:44:00 UTC
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“I personally enjoy Molyneux’s delivery. Assholes need a voice too. Dont hate, b
—“I personally enjoy Molyneux’s delivery. Assholes need a voice too. Dont hate, because we don’t give a f-ck about your feelings anyway”— Nilam Enliven
Source date (UTC): 2017-06-22 09:33:00 UTC
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I reserve the right to be stupid and ignorant like everyone else. I just prefer
I reserve the right to be stupid and ignorant like everyone else. I just prefer people correct me rather than let me STAY stupid and ignorant. 😉
Source date (UTC): 2017-06-22 09:22:00 UTC
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ON THE CURRENT STATE OF THE PSEUDOSCIENCE OF ACCOUNTING AND FINANCE (important)(
ON THE CURRENT STATE OF THE PSEUDOSCIENCE OF ACCOUNTING AND FINANCE
(important)(i don’t address this often enough)
—“Curt, why do you say that accounting is fragile?”—
Great Question.
Our accounting systems have largely remained a technology of the era of their invention: the Age of Sail and Gold Standard with the production cycles of agrarian and international shipping.
We still treat fiat money(shares in the state as a money substitute) as if it’s money proper (commodity money).
If you want to make it simple:
1) risk is not accounted for in accounting, reporting, or taxation, and is the inverse of reality.
2) All accounting systems ‘launder’ money by pooling it, rather than tracing it.
3) The financial system is archaic and predatory.
4) Multiple audiences require different ‘distortions’ of management (true cash) accounting, yet we have no technical means (now) of producing those reports from a single act of data entry, because money is not traceable but pooled.
5) Because of this accounting is far behind, terribly complex, and understates fragility (risk) dramatically.
6) it is incredibly profitable for the state and the financial sector to preserve this universal deception that obscures the truth at the expense of the entrepreneurial, management, professional, craftsmanly, and laboring classes.
GOVERNMENT DISTORTION
Interference by Calendar (monthly) rather than Lunar (weekly) measurements.
Interference and Distortion by Taxation and Double Taxation
Interference and Distortion by taxes on dividends vs appreciation and loss.
Interference by Amortization and Depreciation to maximize taxation.
Lack of taxation by liquidity (personal, small cap, large cap) creates scale and fragility
THE PROBLEM
1) Business is volatile, management actions take time to produce results, and so risk is not accounted for in either accounting nor in taxation.
2) Few capital intensive businesses, more knowledge and talent and customer-relationshp businesses, none of which the company can ‘own’ but the upper 10% of which constitutes its entire competitive difference, and persistence.
3) R&D off book by small companies, profit by large companies that scale but buy smaller companies that do R&D.
4) Few inter-decade (inter-generatinoal) companies, and larger networks of increasingly fragile self-organizing companies with less predicable outcomes.
5) “Pensions” and liabilities (incalculable intergenerational transfers).
6) Preferential treatment given to landlords and others during liquidation and those that have access to legal teams, on a first come first serve basis rather than by orderly payments. in other words, in financial duress the courts should have no recourse to cause preference in payments, and lender should “beware”.
7) Vast, unimaginable, thefts on scales unheard of in history by manipulation of courts and financialization of agreements. (lender privilege rather than lender beware).
8) Distribution of liquidity through the financial system to the benefit of the financial system yet running into the zero bound problem rather than distribution of liquidity directly to consumers to the benefit of the consumer and business sectors.
9) The asymmetric power of lobbyists in funding political campaigns such that those attempts at reform since the 1980’s when the problems were first accepted, were
10) Fallacy (and harm) of Common-Shareholder-as-owner which allows large financial interests to takeover companies, extend the risk, take profits and allow failure. (Same for george soros. Violates principle of productive voluntary fully informed and warrantied exchanges).
What this all means is that the political, financial classes constantly extract money from the SMB space, the entrepreneur, the manager, the craftsman and the laborer by the gradual but constant transfer of risk downward, and the redistribution of gains upward, thereby institutionalizing the socialization of losses and privatization of gains.
ACCOUNTING DISTORTION
Management reporting (operating success), vs bank reporting(credit worthiness) vs tax reporting (taxation) vs investor reporting(balance sheet) vs stock market reporting (nonsense).
The method of recording financial transactions and the work necessary to produce various reports for various audiences, means that accounting does what serves its interests, and the truth of the business is obscured from everyone and the viability of the going concern vastly overstated. There is too little algorithmic processing in accounting. it’s still manual or ‘macros’ (policies).
Going Concern/Asset (credit) Value/ Tax Value / Liquidation Value. AFAIK the only ‘value’ proper is liquidation value, and that’s empirically the case. (In addition, conflating market CAP with market VALUE should be illegal. I would argue that PE ratio is the only )
Selective Accounting (not measuring market potential vs debt). It is entirely possible to measure market capture and report it month to month and this is the best indicator of management performance, and management performance is nonsense without it.
Conflating Operating from Non Operating Performance. Businesses should report on profit and loss from operations and produce separate profit and loss from capital operations, tax, credit, and shareholder reports from the same data.
Eliminating intergenerational transfers. ie: there can be no post liquidation debts constructed – period, and no debts beyond the operating horizon of the business.
Pooling (laundering) money – (obscuring) rather than tracing (transparency) There is no reason all financial transactions are not tagged and directed and traceable down to the penny (just as they are with Blockchain(bitcoin) transactions.
IMPORTANT: My solution to this problem of pooling is to use blockchain ledgers on legally mandated financial categories so that each financial transaction inside an accounting system transfers ledger values, producing perfect transparency. This produces a perfect audit trail not open to ‘fudging’ which is so common.
GOVERNMENT
The government for example measures velocity but not capital. That’s what GDP does. Marylin Waring (a horrible feminist) at at least addresses the issue in the production of offspring. Mother’s production of children is a capital good. Yet we don’t account for it.
Average age is a capital good.
IQ is a capital good yet we don’t account for it.
Personalities are a capital good but we don’t account for them.
Trust is a capital good – perhaps the most important.
Truth telling is a capital good – perhaps the most important.
Rule of Law is a capital good – perhaps the most important.
Monuments, parks, architecture (aesthetics) are a capital good.
Work to Leisure ratio is a capital good.
Savings are a capital good.
Homogeneity of race and culture is a capital good.
BLAME IT ON ACCOUNTING AS A PSEUDOSCIENCE
We can easily say that the evils of the 20th century are produced by a combination of mathematical pseudoscience (keynesian economics) and monetary accounting (pseudoscience) because they both cherry pick consumption rather than changes in the state of capital
Money is no longer money. Accounting no longer accounts. We are flying blind, and fragile, and burning down 1000 years of accumulated cultural capital.
How do we separate science from pseudoscience?
FULL INTERTEMPORAL ACCOUNTING OF OPPORTUNITY, COST, RISK, AND CONSEQUENCE.
Is our accounting a science for the purpose of truth? Or is it a pseudoscience for the purpose of deceit?
We know the answer.
And we have known for twenty years how to fix the problem.
Curt Doolittle
The Propertarian Institute
Kiev, Ukraine
Source date (UTC): 2017-06-22 09:01:00 UTC
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The point of demarcation we call speciation is COOPERATION, not sterility in rep
The point of demarcation we call speciation is COOPERATION, not sterility in reproduction. We speciate by rates of learning. Because the cost of lower species of human is too high for the higher species to bear.
Source date (UTC): 2017-06-22 07:49:00 UTC
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POSTMODERNISM IS LYING ABOUT THIS WORLD, LIKE CHRISTIANITY THE NEXT – BUT POSTMO
POSTMODERNISM IS LYING ABOUT THIS WORLD, LIKE CHRISTIANITY THE NEXT – BUT POSTMODERNISM’S JUST CHRISTIANITY V2.
What is postmodernism but christianity by secular means? Outright lying about this world, rather than outright lying about a life after death?
LYING.
Source date (UTC): 2017-06-22 07:45:00 UTC
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ON SPIRITUALITY AND TRANSCENDENCE (important) You know, when you use the word sp
ON SPIRITUALITY AND TRANSCENDENCE
(important)
You know, when you use the word spiritual you mean ‘non-rational’. You mean submission of human reason to animal free association. By animal free association to instinct and impulse. And by doing so enjoy the feelings that freedom from reason and exploration of our animal instincts provide us. You can restore the ‘security of the tribe and pack’.
You can achieve that experience through action discipline (stoic discipline), buddhist mental discipline, contemplative prayer, or ritualistic (repetition) prayer, asian ritualistic discipline, Or any of the nonsense new age drivel by which the weak escape reality rather than defeat it.
You can obtain the collective experience of submission to the will of the pack, and the production of reciprocal trust, through sport, festival, feast, group observation (dramatic play), group ritual or ceremony, group ritual prayer.
You can obtain the collective development of reciprocal trust through military service, emergency service, and civic service in the production and maintenance of commons, and demonstrated civic virtues.
Now of those three sets of impulses we can abandon reality, we can tolerate reality, or we can change reality. We can embrace our current condition, we can tolerate our current condition, or we can change our current condition.
Now of those sets of choices, which are transcendent-in-fact, and which claim transcendence but are just chemical rewards no different from taking drugs, producing ends that are no different from taking drugs?
There are those of us who are fully human and have transcended the beast. There are those who are less fully transcendent and need to retreat to the beast now and then to burn off the frustrations of insufficient transcendence. There are those of us who constantly struggle to demonstrate transcendence and who must retreat to the beast at every opportunity in order to continue their charade, and there are those who have little ability to transcend and merely imitate the various stages of transcendence to the best of their abilities.
One can make moral rational choices because one has transcended and therefore possesses agency. One can recognize moral rational choices despite one’s lack of full transcendence, and still demonstrate agency most of the time. One can make rational choices if trained and exercises his reason in at least those matters political. One can imitate rational choices made by one’s betters out of desire for moral membership. Or one cannot make such choices because one lacks the agency to do so.
So one can appeal to spirituality out of genetic, emotional, or intellectual weakness, and still choose a moral decision by non rational means. But one cannot defend or advocate that decision as rational unless he can state it rationally.
I have no problem with weakness. But the weak cannot rule, and the number of weak, who lack agency due to their failure to transcend must be reduced. And we must never take seriously those who speak in ideal, spiritual, religious or occult terms.
The stoics invented the only un-religion. We can restore it.
a) Aryan Sovereignty for the industrialization of the production of agency.
b) Stoic Personal Discipline that maximizes agency.
c) Stoic Natural Law that maximizes agency.
d) Stoic Aesthetics that maximize excellence
e) Deflationary myths: the use of the Monomyth, the plots, the Archetypes, and the Virtues to teach wisdom by narrative explanations of our psychology of acquisitionism.
END THE LIE OF MONOPOLY. Restore paganism: the market for personalities, the market for specialties, the market for ages, the market for classes. Markets in everything by which we calculate transcendence one generation at a time.
Curt Doolittle
THe Propertarian Institute
Kiev, Ukraine
(TIP: do you see how I use series to eliminate the ability to weasel word through imprecision? Testimonialism=series rather than ideal types, operational definitions rather than experiential or intentional descriptions or ideal definitions; Full accounting rather than cherry picking.)
Source date (UTC): 2017-06-22 07:25:00 UTC
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ITS HARD TO GET A MILITIA TO GO TO WAR WITHOUT BOOTY TO CLAIM Now, look how much
ITS HARD TO GET A MILITIA TO GO TO WAR WITHOUT BOOTY TO CLAIM
Now, look how much booty a militia can get its hands on!!!
Talk about wealth creation….
Source date (UTC): 2017-06-22 06:42:00 UTC
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DEFINE ‘MEANINGFUL LIFE’ IN OPERATIONAL TERMS. I bet you can’t. Because it requi
DEFINE ‘MEANINGFUL LIFE’ IN OPERATIONAL TERMS.
I bet you can’t. Because it requires too much honesty.
Source date (UTC): 2017-06-22 06:36:00 UTC