Theme: Institution

  • STATE BUREAUCRACIES MUST ORGANIZE FOR WAR I make the same argument. the CDC, Hom

    STATE BUREAUCRACIES MUST ORGANIZE FOR WAR

    I make the same argument. the CDC, Homeland Security, and Disaster Relief Organization, and The Treasury are either creating war plans and holding war games or they are wasting our time and money.

    Bureaucracies run by constant process rather than project deliverables, war plans, and shocks

    —“In 2015, I urged world leaders in a TED talk to prepare for a pandemic the same way they prepare for war — by running simulations to find the cracks in the system,” Gates wrote. “As we’ve seen this year, we have a long way to go. But I still believe that if we make the right decisions now, informed by science, data and the experience of medical professionals, we can save lives and get the country back to work.”–


    Source date (UTC): 2020-04-01 14:36:00 UTC

  • “And we should be angry that our institutions have been corrupted to the point w

    —“And we should be angry that our institutions have been corrupted to the point where we had to learn to be men in the corners of the internet.”—Chris Moyer


    Source date (UTC): 2020-04-01 13:54:00 UTC

  • WHAT IS THE ROLE OF BUSINESS AND INDUSTRY IN SOCIETY? (probably very important)

    WHAT IS THE ROLE OF BUSINESS AND INDUSTRY IN SOCIETY?

    (probably very important)

    —“Also do you have any writings you could point me to on your views on big business’ role in society? Namely, I do see cultural marxism and other factors at play throughout university and entertainment, but the pressures from big biz for cheap labor, for mass immigration of more customers etc. as the primary driving force behind our replacement. Does a mixed economy with strong tariffs and other incentives prevent this from happening in the future?”—

    BUSINESS(INDUSTRY):

    1. The production of goods, services and information.

    2. The normalization of middle class behavior (everyone is a potential customer)

    3. The production of the possibility of the self organizing – civil- society.

    Business increases customer base, dependencies and alliances until everyone in the society is a customer, dependency, and alliance

    BIG BUSINESS(INDUSTRY)

    1. The role of big business in society is to provide a durable sustainable revenue stream upon which to base the political revenue necessary for the incremental suppression of parasitism that makes possible the extension of trust and opportunity down into smaller and smaller producers, which in turn produces the middle class ethic which is the source of high trust – that is initiated by the militia.

    (important)

    2. Big businesses are difficult to compete with because they can ‘socialize’ costs of obtaining and holding customer relationships over time. So this ‘stability’ must be thought of as the economic equivalent of the military – defense of the economic territory. So just as the military creates a defensive wall against military conquest, big business creates a defensive wall against economic conquest.

    (Important!)

    3. Obviously big business can afford to pay for research and development. This is a minor role. Because big business cannot compete with the government for basic research. The government performs basic research industry applied research. And Small and Medium Business applies the results of basic research to niche (smaller) markets.

    4 (Limits) The problem evident throughout all of history is that the middle class (Business and industry) has no more incentive to limit it’s consumption of economic opportunity than the citizenry has incentive to limit it’s consumption of human and institutional capital. So this is the important insight of fascism and nationalism: that profit at national expense is a theft of capital: privatization of commons or socialization of losses.

    5. The same applies for the government. The state and finance sectors (and now the academic sector) will happily destroy the genetic human cultural institutional and civilizational capital through immigration and expansion. So this is the limit of all markets, and why free markets are always a fraud: either you are increasing domestic capital or not. If you are not then you are consuming it. And if you are consuming it then you are an uncontrolled growth: a cancer. Whether you are private or public or individual.

    (important!)

    THE ORGANIZATION OF SOCIETY

    Defense (Military, Law)

    … Commons (politics, economics, law)

    … … Production (trade, business, industry, science)

    … … … Consumption (reproduction child care, education, home)

    … … … … Luxury Consumption (celebration, sports, entertainment, signal goods and services)

    … … … … … Destruction (dysgenia, immigration, conversion, crime, drugs, falsehood)

    That’s the net of it.

    -Curt Doolittle


    Source date (UTC): 2020-04-01 13:19:00 UTC

  • BLACK ROCK’S ROLE IN THE FED TRANSACTIONS by Herbert Hackett BlackRock was the b

    BLACK ROCK’S ROLE IN THE FED TRANSACTIONS

    by Herbert Hackett

    BlackRock was the broker between the Fed and the Treasury. The Treasury owns the assets, the Fed provided the money at zero interest, BlackRock brokered the deal for free.

    —Would you if you can, explain what broker means in this context for the audience.—

    Well, the most layman term I can use is that BlackRock was the middleman. The Treasury instructed what it wanted to purchase, BlackRock went out and arranged the deal, and then using funds from the Fed (at zero interest) the Treasury gave the money to BlackRock, who then gave the money to the other party to transfer the assets over to the Treasury.

    The most important detail of course, is the fact that BlackRock did this without receiving any sort of commission or “cut” of the money that it was transferring for the purchases. In other words, they were in a way “commandeered” or “conscripted” to fulfill this role.

    Once the deal is done, BlackRock no longer has any part of the deal. They didn’t make anything from it, they don’t own any of the assets.

    —Why would a broker like Black Rock want to do this?—

    More likely than not they didn’t have much choice. The treasury and by extension the Executive branch, with the permission of the legislative branch (remember this whole thing was approved by Congress) enabled the government to compel BlackRock to do this by law.

    Not that it’s any detriment to them, of course. At worst it could be seen as a waste of time, but at best they can use this as an opportunity to say, “Look at the deal we arranged! Trillions of dollars and assets transferred without a single hitch. You too could benefit from our services!”

    Before this event, BlackRock was already the biggest in the world at what they do. If nothing else this has only solidified their name in that respect.


    Source date (UTC): 2020-03-31 15:45:00 UTC

  • UNDERSTANDING THE NEW FED-TREASURY by Daniel Roland Anderson (CD: Note: this is

    UNDERSTANDING THE NEW FED-TREASURY

    by Daniel Roland Anderson

    (CD: Note: this is why I bait these things. because external confirmation is more persuasive than my prognostication.)

    SUMMARY: “Trump has just built a system to collateralize the Fed with underlying real hard assets from the private sector.”

    From Daniel:

    I ran this by a contact with a solid background in banking and finance. He’s not as hard right as I am, but here’s his analysis:

    Oh, this is interesting. I glad you shared it! We knew the Fed was buying assets to provide liquidity to investment funds but not like this. Even the Communist infiltrators that formed the Fed in 1913 never intended for the Fed to do this. The Fed was formed to:1) Serve as the government’s own central bank, and 2) Monitor and regulate the banking system by implementing mandated monetary polices. In other words, the treasury decides what needs to be done for treasury operations and the Fed executes the directives while accounting and reporting back to the treasury.

    BlackRock is a huge, and historically excellent, fund creator/manager. What it appears Trump has done is appended a new huge division to Fed operations. Let’s call it “Private Market Asset Repurchase Operations”. Apparently up to $1T of private fund assets may be “purchased” by the Fed each month. That’s a huge number. So, if a mutual fund, ETF, etc. experiences a run on its fund by investors who want out, they just sell the underlying assets to the new Fed operation.

    Trump has hired BlackRock to run the operation and use the Fed’s balance sheet to account for the transactions. BlackRock will surely be paid a customary fee, like 375% annualized, to manage the new operation.

    The Fed has just been privatized in a sense because the direct private asset repurchase operations will ultimately dwarf traditional Fed operations. Somebody (or is it more accurate to say, “some buddy”) at BlackRock is really happy right now they stayed in Trump’s good graces.

    BTW, if the term “Repo” is being used in a traditional sense, the buyer (the Fed) gives the seller (the fund needing liquidity) a contract allowing the fund the repurchase those assets at some point in future according to agreed upon conditions. Hence the term “repo”.

    This is pure genius (and scary) at every level. There is also NO WAY Trump and Co. just dreamed this up. It has to have been in the works for a while.

    Genius? Yes. Here are a couple of thoughts.

    The Fed( now Trump), can decide what funds to let fail. Pissed Trump off in the past but now need liquidity? “Sorry Joe, the underlying assets in your fund don’t meet out investment standards. And when your fund fails? We are going to put you in prison for bilking your clients out of their money.”

    “Hey Chi-na! Need cash to rebuild and want to sell the Treasuries back you bought and thought would cause us to default when you demanded your capital back? Well, here you go, paid in full! We’ll just add them to our new BlackRock Treasury Fund.”

    Trump has just built a system to collateralize the Fed with underlying real hard assets from the private sector.

    How’s that for a primer?


    Source date (UTC): 2020-03-30 17:26:00 UTC

  • The need for collective punishment is to return to ingroup members demand to pol

    The need for collective punishment is to return to ingroup members demand to police their own. Most corp criminality would be solved this way.


    Source date (UTC): 2020-03-30 12:04:09 UTC

    Original post: https://twitter.com/i/web/status/1244596272461492226

    Reply addressees: @EricLiford

    Replying to: https://twitter.com/i/web/status/1244594679787765761

  • I should take it further: We see how Education, FDA, and CDC have all failed in

    I should take it further: We see how Education, FDA, and CDC have all failed in their missions. But we also see how Doctors have NOT failed in their mission. If military, industry, and health practitioners continuously updated strategic requirements by govt mandate it’d be fine.


    Source date (UTC): 2020-03-29 14:46:22 UTC

    Original post: https://twitter.com/i/web/status/1244274707374931968

    Reply addressees: @jbsgreenberg @nkulish @sarahkliff

    Replying to: https://twitter.com/i/web/status/1244211916773474309

  • RT @curtdoolittle: @jbsgreenberg @nkulish @sarahkliff CORRECTION: When left to p

    RT @curtdoolittle: @jbsgreenberg @nkulish @sarahkliff CORRECTION: When left to practical monopolies, not the private sector. The government…


    Source date (UTC): 2020-03-29 14:33:01 UTC

    Original post: https://twitter.com/i/web/status/1244271349952020480

  • CORRECTION: When left to practical monopolies, not the private sector. The gover

    CORRECTION: When left to practical monopolies, not the private sector. The government’s role is to prevent practical monopolies and maintain fault tolerant supply chains in strategic industries (no one cares about ferraris).

    The government has failed to maintain the MARKET.


    Source date (UTC): 2020-03-29 14:32:51 UTC

    Original post: https://twitter.com/i/web/status/1244271305987366913

    Reply addressees: @jbsgreenberg @nkulish @sarahkliff

    Replying to: https://twitter.com/i/web/status/1244211916773474309

  • THE GOVERNMENT CAN”T MANAGE IT CAN ONLY INSURE – AND IT FAILED. IT ALWAYS FAILS.

    THE GOVERNMENT CAN”T MANAGE IT CAN ONLY INSURE – AND IT FAILED. IT ALWAYS FAILS.

    —“NYT: The U.S. Tried to Build a New Fleet of Ventilators. The Mission Failed…. As the coronavirus spreads, the collapse of the project helps explain America’s acute shortage.”—@sarahkliff

    —“NEW: Read about the cheaper, more durable ventilator that never was. It’s a tale about just what happens when critical public-health projects are left to private companies.

    SPOILER: it doesn’t end well. “—Jessica Silver-Greenberg @jbsgreenberg

    CORRECTION: When left to practical monopolies, not the private sector. The government’s role is to prevent practical monopolies and maintain fault tolerant supply chains in strategic industries (no one cares about ferraris).

    The government has failed to maintain the MARKET.

    I should take it further: We see how Education, FDA, and CDC have all failed in their missions. But we also see how Doctors have NOT failed in their mission. If military, industry, and health practitioners continuously updated strategic requirements by govt mandate it’d be fine.


    Source date (UTC): 2020-03-29 11:53:00 UTC