The outcome as always will be a mixture.

It is rare to walk into a room with no oxygen atoms floating there.

Absolutism is inconsistent with thermodynamics.

You hired the man who comes by to clean your car every week, because you like his quips and personality.

Is that IQ?

Is that only manual labor?

Some of the most interesting people I've know in my birthplace New Orleans were blacks who probably wouldn't have high test scores on IQ tests.

Making life interesting is very valuable to me.

You have dehumanized it all.

Fitness means there are many myriad of values in society. If society was a xerox copy, then we would not likely survive the next near extinction event. Diversity is appreciated by mankind because it is resilient and necessary.

Creative jobs are the workforce of the future.


Falsify that causality.

How are you going to falsify which causes which?

I urge you to review statistics about blacks in the USA before and after widespread welfare corrupted them.

You mean the elites running the country would be suicidal if I I was correct.

The elites are multi-national. They are strong in totalitarian states like Asia which is the future of the world. So if they lose a bit of centralization in the USA, it is okay because the USA is falling away as the world power.

Also I think they believe that a fractured USA is the way to divide and conquer it finally and bring it under a UN and world government system. It will be fractured because the elites will be driving totalitarianism.

Use Europe in WW1 and WW2 as a model. Look how socialist and controlled it is now.

First devastate, then rescue with open socialist arms. Peace for Europe with EU. And now EU is slavery via the Troika.

Different for USA because USA is different than Europe. USA is highly united by language. but coming very divided by Tea Party versus socialists political divide.

They'd prefer to get there without the chaos, but how do you neutralize the gun rights activists?

Why do you assume we are headed to end of government? From TPTB's perspective, they think they can maintain control and milk the population like cows.

They have misallocated vast amounts of real capital with their debt apparatus, yet the human race is so productive, we still can't collapse human civilization. Exhibit the work on decentralized technologies.

You assume IQ is innate. Debt and welfare can give someone a lower IQ.

You continue to make the same error over and over.

Every human brain is unique. Everyone regardless of IQ has a creative input to make not just manual labor. They may not become as wealthy as the other person, but they are not worthless.

You might be worthless though with this derogatory nonsense that has been programmed into your brain by the socialist mass media propaganda.

Malthusian crap has always been wrong and always will. Nature isn't as stupid as you think it is.

You focus only on a ledger and not on what was really accomplished. The interest rates were lowered sending capital overseas to find yield. This base money expanded reserve ratios allowing more risk taking and greater leverage.

You can also look at it as displacing capital that would have bought USA bonds at higher interest rates. So the USA bonds became printed debt and the displaced capital went abroad to seek yield.

It was effectively printing of more fractional reserve debt. It just appeared in other places.

The socialism in the West will strangle the productivity of the West. It will be a battle. The USA will fracture and no longer be united nation.

Much strife ahead in the coming decades.

It won't entirely die.

The USA is rapidly losing those advantages to Asia and the socialism will strangle what is left. Also the USA will be dragged into wars with Russia and China to weaken it.

Between 2020 and 2032, the USA will decline and Asia (Shanghai and Singapore) will become the new financial center of the world, displacing New York and London.

Who said everyone had to be wealthy?

We were talking about whether they are so worthless that they can't work at all.

Also those who do well on tests do so to some extent because they are motivated to. So yes motivated people do become wealthier.

You try to claim that only 2% of the population can be motivated and can find work in the Knowledge Age. That is ludicrous.

Armstrong is saying in other recent essay that if there are these great powerful elite who control everything and the world, then what is the point we can't win so just give up. So he has taken the position in his mind that there can't be, otherwise there is no degrees-of-freedom.

He is looking at it too much B&W. Rather there are powerful global elite, but they can't control everything. And who knows to what extent they try to manipulate markets. I tend to agree with MA, they don't manipulate much (nature is much more powerful and the markets are far too broad for the elite to permanently control) rather they front run their own clients.

The power of the elite is due to deception, not actual power. We the people have the power. We could crush them overnight if we were organized.

You completely ignored the point I quoted from my essay. You whoreship IQ. You don't understand entropy nor fitness.

There is work for everyone in the Knowledge Age, because everyone's knowledge is unique. There is no such thing as a superior 1 - 2%. Fuck that. Somebody brainwashed you.

RealBitcoin you are not entirely incorrect in the sense that a debt based fractional reserve financial system enriches the capitalists who hoard monetary capital and political power (capture of the State).

One of your errors is to assume that the increases in productivity that lower prices for everyone are most harmful to the poor. In fact, the poor spend the greatest % of their income on basic necessities of life which you admitted. You assume that deflation due to increases in productivity are causing the poor to lose manual labor jobs and thus impoverishing them. Realize that these poor need to uplift their children with education so their children can be Knowledge Age workers and earn $200,000 a year fresh out of college working for Google.

You see Knowledge Age work is lucrative, challenging, fun, creative and manual labor is slavery, drudgery, inhumane, and poverty.

So removing manual labor jobs is a positive event, because it lowers costs and enables more people to spend on education.

But due to the welfare state financed with debt, many people don't bother to act wisely and get the right kind of STEM fields education. Debt causes the "poor" to become fat and lazy.

And so when the debt collapse comes and the government must cull the fat and lazy, then everyone gets what they deserve.

The amazing aspect of this shift into a Knowledge Age, is that knowledge creation mostly can't be financed. Sure you can dangle a little bit of money in front a programmer and it might entice him to work on a project. But the best ones are going to work on what is interesting as a first and primary consideration. Because they can already earn more $ than they really need to be happy, so it more about choosing work that makes them feel happy.

I could probably say a lot more to make some better points, but I am very sleepy. Try reading my essay which I linked in the prior post.

Edit: regarding your recent post (which I wasn't replying to above), you put too much emphasis on IQ and not enough emphasis on the fact that debt and welfare makes people unmotivated. Many people have a creative knowledge attribute regardless of their test score on an IQ test. Let me quote for you from one of my essays:

http://unheresy.com/Information%20Is%20Alive.html#Algorithm_!=_Entropy

RealBitcoin, you act as if manual labor is a nirvana that people should want to retain. Your understanding is entirely incorrect just like most goldbugs you are clueless. You have a lot to learn and the process of admitting you've been totally lied to, is not going to be an easy adjustment for you. Let me think about how I can efficiently give you an education in economics. I will post again shortly.

Haha, I searched Google and my essay from the opening post of this thread is the first listing!

https://www.google.com/search?q=repetitive+manual+labor+is+does+not+use+the+brain

Demise of Finance, Rise of Knowledge - Cool Page

I have no idea what you mean by suicides.

I am saying many nations are strong enough to avoid hyperinflation.

Hyperinflation is a domestic phenomenon. It happens when nation becomes so riddled with corruption and socialism, that it can not tighten its belt, lengthen payout terms on bonds, and continue to receive public trust in bond auctions. Then the people stampede out of the local financial system and into alternative assets or abroad. In Zimbabwe wasn't it the socialism that kicked out the white farmers, which was the capital base of the country?

Where is that on the verge of happening today? No where.

Instead what is happening is the banksters are foisting some bullshit debt on us and telling us to be slaves and pay for the next 100 years.

China, Russia, and the USA are run by oligarchies and they are all working together. The faux conflicts are just for show to fool you all.

Edit: hyperinflation is not due to printing excessive debt notes (what the Fed has been doing), it is due to change in public confidence.

QE was a printing of more debt which ended up as $9 trillion in dollar loans abroad. It was the printing of more debt. Not the printing of more cash.

Critical code paths need to be highly scrutinized on any change. After the code is stabilized, the community should be alerted when a change is made to the so identified "critical paths".

Checksums need to be enforced with a block chain to create a Web of Trust.

Being open source, you can't kill it. You can Whack-A-Mole one protocol but another protocol pops up instantly. When the economy becomes valuable then hackers will be there to keep it running. Protocol tweaks can be made independent of critical paths.

There are many defenses, but the question is do we as a community pool the resources to get 'er done. That has been my point all along as to why I was dissatisfied. We are not moving fast enough with our immense resources as a community.

The sooner it is not hinged on one person, the better. Looks like in private it is becoming dehinged from me as we speak which a major development. I suppose it was necessary for me to speak recently. But I hope y'all understand I like to go back to being just the many names of AnonyMint.

Note even compromised compilers can be defended against:

https://www.schneier.com/blog/archives/2006/01/countering_trus.html

In terms of return on investment for the community, the key to scaling beyond bitcointalk, crypto, and dark markets is to enable new popular markets that can't be serviced by Bitcoin nor credit cards nor existing altcoins.


Lol can I at least finish my beer first.

There is a difference between never being able to pay back versus default with complete loss of public confidence. Without the EU backstop, Greece would be in that boat perhaps and unable to sell its sovereign bonds to finance the government.

As long as you have public confidence and can restructure debts into longer payment terms, the shit continues...

If you really want to default that shit, then adopt anonymous currency and don't pay taxes. If a lot of people do that, then yes we will see a default of the bastards.

Disclaimer: I am not advising illegal activity. The above was a hypothetical thought experiment.

Which nations are weak enough to go into hyperinflation? Not even Argentina, they have almost no debt now. Argentina's problem is the corrupt government and declining commodity prices with global deflation.

Greece? But the EU won't let them. The Troika will enslave them instead.

Find me one nation. Maybe some country in Africa or Middle East. Maybe some East European country not in the EU.

Hyperinflation is impossible because the nations are still strong.

Although there is a lot of debt and unfunded social liabilities, the powers-that-be have no intention of hyperinflating away the debts they have given to you the people.

Instead they plan to use the debts to enslave you. They will use the strength of Asia and totalitarianism of China also to make this happen. There will be no place for Westerners to go hide from the coming extraction of wealth from every Westerner to pay the debts to their masters.

They will extract eugenics from the boomers to cover the debt (they already killing people in Europe is massive numbers in nursing homes).

You guys fondling your gold and BTC. This isn't a joke. We are headed into some serious shit.

There is nothing unpredictable. The entropy of the universe is not infinite unless you consider infinite time into the future. So here and now, there is nothing unpredictable. It is just a question of is your data set comprehensive enough.

There is a hidden order actually even to Butterfly events.

There are some new data that Armstrong can't see. He can see that anonymous crypto can be a frontier. His computer model predicts frontiers to arise (even MA has mentioned grassroots creative destruction), but he personally can't see it because anonymous crypto was never created before.

Entropy is increasing, but it is doing so in an ordered way because again entropy is not infinite. It is the small things and the short-term that can not be predicted accurately because the new entropy is seeping in there. The big picture (macroscopic) entropy morphs less radically than microscopic entropy on each cycle.

Time may just be an illusion but it is the illusion we are assuming here for our purposes.

No risk no reward. But if you understand the unstoppable trend of technology, it doesn't look conceptually risky. Mankind can not turn back the clock on technology. The big risk is on implementation, human failings, misconstrued marketing, etc..

Global warming uses fudged data and lies.

Armstrong uses data collected from every year since 6000 B.C. He spent $10 million ($100 million in 2015 dollars?) in the 1970 - 1980s just collecting every Roman silver coin issue to reconstruct a more accurate A.I. computer model of how empires collapse.

He consistently points out the models need to have data going back 1000s of years, else they lack enough sampling. The patterns of nature, man, and society are not captured in any one 100 year period.