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1801  Economy / Economics / Re: Martin Armstrong Discussion on: October 27, 2015, 09:06:43 PM
Nation states are a foolish idea anyway, so I dont see anything wrong with a world government.

I also think that depopulation is inevitable weather the elite like it or not. Robots will come sooner or later, and people will lose their jobs massively and starve.

It is a cruel future but there is no alternative really, and we cannot stop it, because every path leads to the same outcome.


I`m not sure at this point it's reversible, so we will have to prepare, and warn our friends and family, because you cant save everyone but alteast save the people you care about.

This implies a complete removal of the social safety net, worldwide and total government collapse/anarchy, or some radical change that makes redistributive taxation impossible. I disagree with the bolded text because I do not think any of those are going to happen.
1802  Economy / Economics / Re: Martin Armstrong Discussion on: October 27, 2015, 07:52:59 PM
...
CoinCube just wrote:
"Bankrupt countries and their handout dependent populations will line up to eagerly surrender national sovereignty as this will be the only means to pay the bills. Greece is the future model for most of the indebted world."
That is an interesting idea, I had not seen that before, and it is worth thinking about.  It makes a lot of sense, that FSA populations would get in line to get food...

I definitely am more suspicious of a consolidating NWO and its benevolence.  I do not see how that is predictable.  One thing I have learned in my 59 years is that it is very hard to predict the future...

Just to clarify I do not really see NWO as benevolent. Rather I see it as a likely future scenario that might be an incremental improvent for a majority of humanity. This does not necessarily mean that things will be better for everyone or even for most of those living in the west. The majority of humanity includes countries like Syria and Saudi Arabia and some regression to the mean may apply.
  
I agree on the difficulty of predicting the future. Things may play out completly different than I described above. That said here is how I think things will unfold.  

Wealth will increasingly seek to hide by moving into tax havens in other countries. It will also be increasingly hunted. Pressure applied in the name of shutting down tax havens will be one more tool to drive political consolidation and weaken the nation state. Those running from the tax man will increasingly be identified, caught and punished. Options for legal evasion ... will be shut down or restricted to an even narrower elite.

Tax havens that survive will likely be rare and limited to select jurisdictions where citizenship is hard to obtain. These areas are likely to be funded by income taxes (there will likely be no escape for wage earners anywhere)
In these havens citizens will likely be exempt from inheritance, capital gains, and wealth taxes. This will allow the billionaire class to safely run their interests from afar.

The lesser wealthy will be increasingly consumed via taxation in their home nations. The coming wave of socialism and public anger will drive most of them back into the ranks of government dependents. This will serve the purpose of sating public rage, destroying potential local opposition, and further undermining the economics of nation states thus increasing the dependence on debt that will soon be issued by bodies and governed by laws under the jurisdiction of those same tax havens.

Rather than spontaneous collapse. I believe the proper model is that of controlled demolition.
1803  Economy / Economics / Re: Martin Armstrong Discussion on: October 27, 2015, 01:45:24 PM
CoinCube,
Nobody likes the bankers' wars, it is true; however, your solution to "Just initiate the one-world slavery system (Communism) and it will all go away" is exactly the perspective that is desired by those who seek to terminate over 90% of the human life on this planet--through violence! By no means is the NWO benevolent towards human life. You have been hoodwinked!

NWO's end game: depopulation

I suspect that the formation of a one world government is an economic inevitability at this point.

Bankrupt countries and their handout dependent populations will line up to eagerly surrender national sovereignty as this will be the only means to pay the bills. Greece is the future model for most of the indebted world.

Thus the question we face is not whether to implement NWO as that ship has sailed. The relevant query is what can be done to limit the inevitable centralization in such a system and ensure that it is not hostile to human life.
1804  Economy / Economics / Re: Martin Armstrong Discussion on: October 27, 2015, 04:29:06 AM

Justification for New World Order: Part 1, 2, 3, 4

The evolution of the social contract appears to be a progressive climb to higher potential energy systems with increased degrees of freedom. The state of nature begat tribalism. Tribalism grew into despotism. Despotism advanced into monarchy. Monarchies were replaced by republics. I suspect that in the future republics will be consumed by world government, world government will evolve into decentralized government, and decentralized government will finally mature into a shared consensus among individuals with limited or no government.

Each iteration has a common theme for each advance increases the number of individuals able to engage in cooperative activity while lowering the number of individuals able to defect. To borrow from the links in the opening post each iteration increases the amount of entropy the system can sustainably support.


hum i think you left out corporations. imho they are to replace the obsolete governments at some point.

big fat corporations, ruling over the new world order.

consumerism, eugenism, transhumanism et al. y know...



You are right; fascism is a far more probable result of the NWO than decentralized government; "if voting changed anything, they would make it illegal".

I agree that global corporations and those that own them would likely have disproportionate influence in any future world government. They have similar disproportionate influence today so I am unsure how much worse it would be. The future role of consumerism, eugenics, and transhumanism seems more difficult to predict.

I would also agree that (at least in the short term) a global world government has almost no chance of bring decentralized. It may also be more authoritarian Especially when compared to countries with a history of strong personal liberties like the USA.

My argument rests on the premise that despite these flaws humanity as a whole will be more free under such a system then it is today.
 
The role of the social contract is to maximize individual freedom to build wealth, prosperity and happiness via cooperation while minimizing individual freedom to prosper from coercion, violence and defection.

With this framework in mind will a transition to a one world government represent an improvement. I believe the answer to this question is yes. The transition from nation states to a world government contains the potential finally eliminate large scale tribe on tribe and nation on nation war and violence. The importance of such an achievement cannot be overstated.

A diffuse decentralized world government ... would be of course be superior to a centralized one. However, I doubt we can smoothly transition to such a decentralized system from our current state. We lack both the technology and more importantly the education to make it work. Like our primitive forefathers forced to settle for monarchy as an incremental improvement over despotism a loose centralized world government is an incremental improvement a stepping stone to something better.
1805  Economy / Economics / Re: Martin Armstrong Discussion on: October 26, 2015, 06:03:12 PM

I am not sure what make you think that. The history of mankind - as Armstrong points it out frequently - indicates the very opposite of such decentralization. There are attempts from time to time to fix the society, but then we go back to the very same cycle.

The issue with colonizing other planets IMHO is that the resources which need for the colonization controlled by those from whom you want to escape. I assume the colonization of other planets will be the same as the colonization of continents was: implementing the very same system a bit farther.

Justification for New World Order: Part 1, 2, 3, 4

The evolution of the social contract appears to be a progressive climb to higher potential energy systems with increased degrees of freedom. The state of nature begat tribalism. Tribalism grew into despotism. Despotism advanced into monarchy. Monarchies were replaced by republics. I suspect that in the future republics will be consumed by world government, world government will evolve into decentralized government, and decentralized government will finally mature into a shared consensus among individuals with limited or no government.

Each iteration has a common theme for each advance increases the number of individuals able to engage in cooperative activity while lowering the number of individuals able to defect. To borrow from the links in the opening post each iteration increases the amount of entropy the system can sustainably support.
1806  Economy / Economics / Re: Economic Totalitarianism on: October 26, 2015, 04:34:37 PM

Hmm, I`m not sure, wasnt the Pareto principle overruled by Nash theory?
https://en.wikipedia.org/wiki/Nash_equilibrium

I remember this from economics class from college, thats how he won his nobel prize.

This deadlock we experience could be the equilibrium state.

The Nash equilibrium is often referred to as an "evolutionary stable state"

The prisoner's dilemma is a standard example of a game analyzed in game theory that shows why two completely "rational" individuals might not cooperate, even if it appears that it is in their best interests to do so. In the prisoners dilemma each prisoner is given the opportunity either to: betray the other by testifying that the other committed the crime, or to cooperate with the other by remaining silent.

The Nash equilibrium for the prisoners dilemma is to always defect and betray the other. However, this is not the most economically efficient outcome nor is it the Pareto optimum. Interestingly populations able to interact repeatedly do not necessarily converge to the Nash equilibrium. Populations able to interact over time can converge on an equilibrium state that results in significant levels of cooperation even in the prisoners dilemma a game with rules that makes cooperation very dangerous.

http://m.pnas.org/content/102/31/10797.full


Fig.
Deterministic replicator dynamics of an infinite population with different mutation rates u. Filled circles represent stable stationary points; open circles represent unstable stationary points. The times symbol in b and c (×) indicates the time average of the limit cycle. The payoffs in the prisoner's dilemma game are T = 5, R = 3, P = 1, and S = 0.1; the expected number of rounds is m = 10, and the complexity cost for TFT is c = 0.8.
1807  Economy / Economics / Re: Economic Devastation on: October 21, 2015, 05:18:59 PM
Imo that's down to whatever society/community etc. you're a part of, if you and yours want law and order and you're the dominant part of the community then those that don't are pushed out and vis versa. The idea that we can have an entire world of peace and harmony is preposterous and the changes that would be needed to achieve it are terrifying, there will always be differences and resolving them starts from the bottom up, the individual to the family to the community to the natural borders and beyond.

World of peace and harmony is not in the cards anytime soon if ever. However, fundamentals may actually get us there someday as peace and harmony is a more economically efficient state.

The evolution of the social contract appears to be a progressive climb to higher potential energy systems with increased degrees of freedom. The state of nature begat tribalism. Tribalism grew into despotism. Despotism advanced into monarchy. Monarchies were replaced by republics. I suspect that in the future republics will be consumed by world government, world government will evolve into decentralized government, and decentralized government will finally mature into a shared consensus among individuals with limited or no government.

Each iteration has a common theme for each advance increases the number of individuals able to engage in cooperative activity while lowering the number of individuals able to defect. To borrow from the links in the opening post each iteration increases the amount of entropy the system can sustainably support.

This is not to say we cannot revert to a lower energy state. A world war could set us back to tribalism or worse. Even in that event, however, the survivors would simply start the slow climb all over again. Progress is always a terrifying proposition. As the old saying goes the higher you climb the harder you fall.
1808  Economy / Economics / Re: Economic Devastation on: October 21, 2015, 01:49:39 AM

....However, such a world offers little if it does not also limit coercion and defection.

 
 
And with this, you just became my newest favorite account to read. 

Thank you I am humbled.

I like to think of this thread and the forum in general as a modern version of the 17th century English coffehouse. A place where we all learn from each other and discuss the news of the day.
1809  Economy / Economics / Re: Economic Devastation on: October 21, 2015, 01:00:33 AM

And there would be no tax cheaters, nor tax havens. Nobody could dodge this, and nobody would have to spend money and time on accountants and bullshit to calculate it.
You are describing utopian totaliarianism here. It is a typical fantasy setting. What it ignores is that there are people who want to be free, and they currently feel that they have certain freedoms, which in the system described would not exist. So they need to be violently repressed to give away their freedoms (does not work), or cheated to give them away (works, but labels your system as unethical and ensures continued resistance by people who learn this). Starting from scratch, many things work, but there is often no way to get there from the current situation.
...
Power Vacuum: a situation where the benefits of political market-rigging can be concentrated to benefit particular special interest groups, while the costs, in higher taxes, slower economic growth, and many other second-order effects are diffused through the entire population.
Cooperation: Voluntary and mutually beneficial exchange.
Defection: An exchange that advances the individual to the detriment of his fellows typically involving coercion, violence, or ignorance.

There is no such thing as complete freedom except for the state of nature as described by Hobbs. In every other scenario the best we can achieve is a partial freedom. We agree to some limitations of our freedoms to maximize our ability to prosper and cooperate while minimizing individual freedom to coerce, and defect.

The ideal government is no government at all. In this utopia nearly all individuals act only cooperatively. A stable utopia would require its participations to identify, correct, and in extreme cases neutralize those choosing defection over cooperation. Such a society is simply is not possible at our current juncture in history. We lack the required education, moral fiber, technology, and transparency and have simply not advanced enough to make it work. This leaves us no choice but to settle for an inferior semi-centralized alternative subject to an exploitable power vacuum.

There are two types of “freedom fighters” that rise up in opposition to the social contract. The first is the angry defector. Many individuals are optimized for violence, force, and coercion. Historically violence was a viable evolutionary strategy. The modern social contract has increasingly limited opportunities to profit from violence and those optimized for it are genuinely worse off as a result. The angry defector thus hates the social contract and longs for a return to the more primitive state for which he is optimized.

The second type of “freedom fighter” is the disillusioned cooperator. The social contract is a blunt and crude instrument. It is easily abused and manipulated. This weakness creates openings for today’s defector aka the intelligent narcissist. By exploiting the power vacuum the narcissist and his junior partner the parasite are able to succeed at the expense of others.  Disillusioned cooperators grow angry at a system that permits this abuse. Sometimes this leads to a conversion to anarchism which is either a desire for the utopia described above, a desire for a return to primitive tribalism, or some muddled mix of the two.

The state of nature begat tribalism. Tribalism grew into despotism. Despotism evolved into monarchy. Monarchies were replaced by republics. Each iteration has a common theme for each advance increases the number of individuals able to engage in cooperative activity while lowering the number of individuals able to defect. Perhaps in the future republics will be consumed by world government, world government will advance into decentralized government, and decentralized government will finally mature into the optimum of no government at all.
1810  Economy / Economics / Re: Economic Devastation on: October 20, 2015, 03:49:55 AM
Ok I have a question, and please answer it with your best knowledge:
Is globalization necessary for this "Knowledge Age", and what is the benefit of 1 world government in terms of Freedom vs Civilization balance.
You have to admit that brutal tribalist genes work in humans, causing racism, hatred and discrimination for your fellow man. A globalised world will eliminate discrimination. However It can also be a little bit bad for personal freedom.
But do we need really absolute personal freedoms when the technology will be ultra big, and there will be plenty of resources for all?
Or do we shift toward a totalitarian system, where rationing will be the only resource distribution mechanism?
It can be a networked free market (drone mailing? drone product delivery?).
I am having a dilemma here, so please explain me the benefits and drawbacks of Globalization vs Local communities?

OK, let me try and give my best shot at what I *THINK* it would be best. Local communities are the primal cells of a healthy government. The great success with the Athenians of the gold century of Pericles was that they actually could speak and debate up close and personally with their leader. Personal contact is mandatory afaic the democratic control. This happens because the leader cannot do harm to the people that they look him in the eye (because tomorrow they will meet again!).

Globalization on the other hand, tends to leave the leaders to their absolute solitude and delivers the ability to perform whatever discrepancy they wish from what they might have suggested during their election campaigns. This way, they have nothing that keeps them from stealing for their own benefit, enforce certain politics that oppress the people, to name a few.

The best politics should have been a form of local globalization. This comes as a draft to my mind but I surely think that if we formed a global government that we could actually see and talk them (while everybody listens at the same time), will somehow prevent them from doing harm... or not. The tech is here anyway.

RealBitcoin, this is a challenging question but I will add my thoughts.

To answer your question we must first examine the role of government and it's relationship to the base state of nature. This relationship was analyzed in depth by Thomas Hobbs in his book Leviathan.

In the state of nature, each person would have a right, or license, to everything in the world. There is no centralized authority and no external recourse against violence, coercion, or defection. This, Hobbes argued, leads to a "war of all against all"

Quote from: Thomas Hobbs Leviathan 1651
In such condition, there is no place for industry; because the fruit thereof is uncertain: and consequently no culture of the earth; no navigation, nor use of the commodities that may be imported by sea; no commodious building; no instruments of moving, and removing, such things as require much force; no knowledge of the face of the earth; no account of time; no arts; no letters; no society; and which is worst of all, continual fear, and danger of violent death; and the life of man, solitary, poor, nasty, brutish, and short.

Such a primitive state cannot endure. Humans are intelligent enough to see that this "war of all against all" is horrible so we accede to a social contract and form tribes which later become cities and eventually nations. Society is a population under some sovereign authority, to whom all individuals in that society cede some rights for the sake of protection.

Back in 1651 Hobbs argued that the best type of sovereign authority available was a centralized monarch. Indeed there may well have been a time in human history when monarchy was the best available solution given our overall level of technology and education. I am hopeful, however, that we have outgrown that time. Our current social contract for all its flaws is superior to the monarchies and dictatorships it supplanted.

The role of the social contract is to maximize individual freedom to build wealth, prosperity and happiness via cooperation while minimizing individual freedom to prosper from coercion, violence and defection.

With this framework in mind will a transition to a one world government represent an improvement. I believe the answer to this question is yes. The transition from nation states to a world government contains the potential finally eliminate large scale tribe on tribe and nation on nation war and violence. The importance of such an achievement cannot be overstated.

A diffuse decentralized world government of the type described by macsga above would be of course be superior to a centralized one. However, I doubt we can smoothly transition to such a decentralized system from our current state. We lack both the technology and more importantly the education to make it work. Like our primitive forefathers forced to settle for monarchy as an incremental improvement over despotism a loose centralized world government is an incremental improvement a stepping stone to something better.
1811  Economy / Economics / Re: Economic Devastation on: October 19, 2015, 02:17:15 AM

I am going to write some profound statements which I never before wrote in this thread or else where with such clarity of focus.

What I believe is that the level of power vacuum we get due to collectivism is driven entirely by what is most economically efficient. The level of power vacuum we've seen since the Athenian empire has been driven by two facts:

1. Agricultural Age required aggregation of capital in the form of land and the State to protect the land.

2. Industrial Age required the aggregation of capital to fund the large fixed capital investment of the factory.
...

Humans have (at least culturally and environmentally, if not also genetically but surely not homogeneous genetics) adapted to the economic reality of where the power naturally ended up in the power-law distribution of wealth and the critical importance of aggregating capital in those prior two epochs enumerated above. Both the capitalists and labor needed to serve this power vacuum of the collective in order for the economic system of redistribution (from labor to the capitalists but while buying off labor with debt and welfare) to avoid continuous war and chaos that would have been less economic.

And now we enter the Knowledge Age which will decentralize nearly everything.

What you or I believe is irrelevant. Nature will determine what is. Nature has moved to a new paradigm called the Knowledge Age. It is Just Time (for the change in epochs).
...
I believe the decentralists will reap the huge economic gains regardless where they are physically residing.
...
I wish for a world that is meritorious without power vacuums (Coasian barriers to maximum fitness). We know from our up thread discussions that nature finds a balance between completely undamped chaos and some organizational structure. I believe the Knowledge Age is a radical shift to more decentralization of power.


I agree with all of this.

A farmer in the agricultural age could achieve some protection from theft and violence by arming himself. He could protect himself against a small hostile groups by forming defensive pacts with neighboring farmers. However, defense against large scale organized violence requires an army and thus a state. In the Industrial Age the state was also required perhaps less to aggregate capital and more to protect such aggregations. Laws, judges, and property rights permit capital to be safely concentrated and deployed.

In human interactions we often face a choice between cooperation (reaching a mutually beneficial exchange) and defection (advancement of ourselves to the detriment of our fellow man).  In the Agriculture Age a cooperator might approach a farmer and ask to trade or perhaps for his daughters hand in marriage. The defector might kill the farmer and take the farm.

Collectivism exists because it limits defection especially those forms of defection linked to physical violence. Collectivism is expensive and inefficient. However, the inefficiencies associated with collectivism are less (at least historically) than the inefficiencies that come from the violence and defections that occur in an environment of unrestrained individualism.

Today we are seeing more complex forms of defection dominating the economic reality. The primary tool of today's defector is not violence but ignorance. The banks and those who own them corrupt natural market forces and profit while causing massive malinvestment via fiat currency and fractional reserve lending. At the other end of the spectrum disability and welfare scammers live off the taxpayer instead of working.

Modern collectivism certainly has serious problems the largest of which is that it is entirely unsustainable in its current form. However, in the medium term (well before any spontaneous collapse) it appears set to drive us via economic fundamentals and debt into a single world government paradigm. We may indeed be transitioning into a Knowledge Age, but a Knowledge Age alone will not immediately solve the problem of defection and thus will not eliminate the economic need for collectivism.

I share your wish for a world that is meritorious and without power vacuums. However, such a world offers little if it does not also limit coercion and defection.
1812  Economy / Economics / Re: Economic Devastation on: October 17, 2015, 04:00:54 AM
I can't find a single European who doesn't believe there should be at least some social contract with honest governance. The idea of total individual sovereignty is alien to every single European I have ever encountered.

America is basically split into the idiotssimpletons that don't really believe in socialism for idealistic reasons but just want to suck the tit of debt-consumerism and welfare, and the Constitutionalists who are fiercely individually sovereignty minded. There are other subsets, but basically it boils down to that major split.

Whereas, Europeans are ideologically invested in the concept of a social fairness and contract. Fairness is Marxism and it is very ingrained in European psychology. Whereas, Americans are bribed but they don't really for the most part believe in Marxism ideologically (well some have been indoctrinated and repeat the words but I think they are too stupidpreoccupied/uninterested to even understand what they are saying in any ideological sense, in reality they just love their Walmart and food stamps and rent assistance).

Look there is no way to remove the fact that government will never take care of anyone. The only purpose of government is a racket to steal for the powerful. That is way an anarchy minded American thinks. Whereas, a European would not want a chaotic outcome. They'd want some reasoned society. Americans are "don't tread on me". No other predominant consideration, just "don't tread on me". It is not a theoretical, rather it is "I have a gun and you are not going to tread on me, except via my cold dead hand".

I would point out you appear to be undervaluing the benefits of collectivism. You have correctly highlighted how modern form collectivism is unsustainable, but you appear to jump from there to the conclusion that all form of collectivism, the social contract, and the concept of social fairness itself is undesirable. This jump appears logically flawed.

Humans are collectivist by nature. We have been hardwired this way by generations of natural selection. Each human interaction can viewed as a choice between cooperation, and defection. Cooperation involves a mutually beneficial exchange that improves the wellbeing of both participants. Defection is an interaction that benefits one party at the expense of another. Defection implies violence, the threat of violence, ignorance, or forced interaction.  

Society as a whole is better off if its members choose cooperation over defection. However, for an individual defection is sometimes the optimal choice. Defection comes in many forms but theft and rape are probably the most clear cut examples. Cooperation likewise comes in many forms and shades of gray exist.

Collectivism is the evolved response to limit defection. The desire to pool some resources for the greater good, establish basic governance and the creation a social contract arises naturally in response to the need to combat defection and maximize cooperation and group survival. Merely pointing out the admittedly significant flaws in the modern form of scaled up collectivism is not a compelling argument for a return to pure anarchism.

I have noted on several occasions that you associate pure individualism and anarchism with a return to nature.


Nature is a whole. You either ban it, or love it. I rationally chose the latter.
I don't hate nature when certain actors do heinous acts. I hate those actors. I accept nature as a beautiful system.
 
However, you do not seem to accept that collectivism and a social contract are not only a part of nature but play a critical and natural role in limiting defection and maximizing cooperation in groups. A rejection of the social contract in particular leads to an acceptance of defection as “natural” and perhaps even leads to a glorification of violence and theft as natural and right as part of “evolutional fitness”. I have seen some signs of this line of thinking in your prior posts.

...
I am repulsed by people who are repulsed by human trafficking, because they are anti-competition, anti-resilience, and thus pro-eugenics (your links to junk science supporting genetic filtering of society was very Nazi-like scary underlying subconscious). Afaik, you are genuinely repulsed by human trafficking. Rather I see it as nature's way of competition and evolution, i.e. survival-of-the-fittest. I see it as a beautiful system of maximizing resilience. I think more like a native in this aspect, i.e. I want to live in harmony with nature. I am not referring to the Marxism of the Mexican Aztec society which did human sacrifice to purify the society.
...

Now it is certainly true that modern collectivism in conjunction with fiat economics appears to be vulnerable to many new types of defection. Abuse of the welfare and disability system is a form of defection with the victim being the multitude of taxpayers. Fractional reserve lending is a much larger form of defection with the victims being those forced to conduct commerce in fiat economies. However, I believe the answer to these problems is not a call for the collapse of the collectivist order and a return to anarchic individualism but rather to develop solutions that limit these new forms of defection while allowing collectivism to continue in its proper role of promoting cooperation over defection.
1813  Economy / Economics / Re: Economic Devastation on: September 28, 2015, 01:30:36 PM
So can we extrapolate anything from this regarding trouble with their sovereign debts? (I notice there is no Japan).

1984 posts before this one! Smiley

I saw that too. The thread reads number of replies = 1984 while the last reply asks what can we extrapolate from this.

A little eerie actually.
1814  Economy / Economics / Re: Martin Armstrong Discussion on: September 28, 2015, 07:32:51 AM
CoinCube you lack intuition which is the ability to separate impossible shit from the rest regardless of data.

If you are only skeptical of global warming and not outright crying fraud, then I think you need to re-review the fundamental tenet of the scientific method known as the Shannon-Nyquist theorem.

Having spent very little time on the topic of Global Warming (my interest really lay elsewhere) general skepticism is where I am right now.
Perhaps if I spent the time to delve deeply into the topic my opinions would harden. However, since it took me over a year to dedicate  the small amount of time to the topic that I did today this will realistically never happen.

The purpose of the above post was mainly to summarize and share the data that caused me to shift from undecided to skeptic as I figure many readers are like me and unlikely to ever spend any significant time on this topic.

Also I think my intuition is quite good thank you very much  Wink
1815  Economy / Economics / Re: Martin Armstrong Discussion on: September 28, 2015, 07:09:48 AM
Armstrong does an excellent deconstruction the Malthusian lies.

http://armstrongeconomics.com/2014/02/13/global-warming-why-it-is-nonsense/

This is interesting to me as I used to be a global warming believer. I never had a chance to look into the data myself and global warming seemed to be the consensus view of the experts in the area.

I looked up Sallie Baliunas (the astrophysicist who argued that global warming was due to cyclical variations in the sun rather then human activity). What really stood out to me was what happened after she published her 2003 article on the subject.

Quote
An editorial revolt followed, with half of the journal's 10 editors eventually resigning, and the publisher subsequently stated that critics said that the conclusions of the paper "cannot be concluded convincingly from the evidence provided.... the article had gone to four reviewers none of whom had recommended rejection.

The reaction is perhaps as important as the paper itself. Events like this and the outright censorship of climate skeptics I have seen elsewhere are major red flags that objective discourse has broken down.

So I changed my opinion to undecided...
CoinCube. AGW is a fraud. Environmentalism/Conservationism is a fraud. Rockefeller created and funded these.

https://bitcointalk.org/index.php?topic=365141.msg3943834#msg3943834
https://bitcointalk.org/index.php?topic=374873.msg4018527#msg4018527
https://bitcointalk.org/index.php?topic=374873.msg4018815#msg4018815
https://bitcointalk.org/index.php?topic=455141.msg5146060#msg5146060
https://bitcointalk.org/index.php?topic=226033.msg3088064#msg3088064
https://bitcointalk.org/index.php?topic=374873.msg4021602#msg4021602
https://bitcointalk.org/index.php?topic=374873.msg4021654#msg4021654
http://www.youtube.com/watch?v=EjmtSkl53h4


Recently there has been debate about a global warming pause. Apparently the temperature data both land based and satellite data have shown little global warming since 1998. There have been many attempts to explain this pause including theories about volcanic eruption and the oceans absorbing more heat.

This year there was an article in the Journal of Science arguing that there was no pause in global warming and that the data once "adjusted" revealed the previously hidden warming trend.

A chart summarizing the papers conclusions.

US scientists: Global warming pause 'no longer valid'


Now science is one of the most selective scientific journals in the world. Studies published there are supposed to be both rock solid scientifically important and subjected to extreme peer review.

This study appears to reach very shaky conclusions using adjusted data.    
  
‘HIDE THE HIATUS!’ HOW THE CLIMATE ALARMISTS ELIMINATED THE INCONVENIENT ‘PAUSE’ IN GLOBAL WARMING'

Quote
The thrust of Karl’s paper is this: that far from staying flat since 1998, global temperatures have carried on rising. It’s just that scientists haven’t noticed before because they’ve been looking in the wrong place – on land, rather than in the sea where all the real heat action is happening.

And how did Karl et al notice what everyone else has missed until now? Well, by using a specialized scientific technique called “getting your excuses in early before the Paris climate conference in December.”

Essentially, this technique involves making adjustments to the raw temperature data (sound familiar?) and discovering – lo! – that the skeptics were wrong and the alarmists were right all along.

Karl’s paper makes much of the fact that the methods used for gathering sea temperature data have changed over the years: in the old days it used to involve buckets; more recently, engine intake thermometers. Hence his excuse for these magical “adjustments”. Apparently (amazingly, conveniently), the measurements used since 1998 have been “running cold” and therefore needed correcting in a (handy) upward direction in order to show what has really been happening to global warming. Once you realize this – global warming turns out to be as real and present and dangerous as ever it was.

As the GWPF reports there are several glaring problems with Karl’s paper, starting with the fact that it contradicts all the other surface temperature data sets and also satellite data (which clearly shows no warming post 1998). Also, without any plausible explanation, Karl also chooses not to use the data from the Argo array “that is our best coherent data set on ocean temperatures.” The suspicion naturally arises that this is because if Karl had used the Argo findings, they would have made his paper look ridiculous.

Here is the satellite temperature data since 1998
Global warming has been on pause for 19 years': Study reveals Earth's temperature has remained almost CONSTANT since 1995



Now if you have two data sets and the adjusted data is giving you completely different results from the raw data one must immediately scrutinize the methods and motivations of the adjuster.

I have changed my opinion on global warming from undecided to skeptic. If I see clear (non adjusted) data set showing a simultaneous rises in both surface temperature and satellite temperature readings I will reconsider. Until then I am going to dismiss any argument using "adjusted" data.

Quote from: Mark Twain
"There are three kinds of lies: lies, damned lies and statistics."
1816  Economy / Economics / Re: Economic Devastation on: September 27, 2015, 10:34:48 PM
I saw today that someone is using the name CoinCube to run some sort of Bitcoin investment scheme using the webpage CoinCube.io

I wanted to note for the record that this is not affiliated with me in any way.
 
1817  Economy / Economics / Re: Economic Devastation on: September 27, 2015, 06:22:43 AM
Doesn't QE just cause deflation?

No. It caused misallocation and extension of corruption. That can lead to much worse outcomes than simply having productivity expand greater than the money supply. When you fuck up society and cause people to waste the precious years of their life and end up at a dead end. Then some example of outcomes that are likely are totalitarianism, war, and potential collapse of society into chaos.

Systemic malinvestment creates a population dependent on continued government intervention for their livelihood. Such a population will demand continued intervention (and redistributive taxation) further corrupting market incentives until the underlying governments themselves become insolvent. While war and potential collapse of society are possibilities I believe it is more likely that the bankrupt nation states will instead be forced to surrender national sovrenty in exchange for continued access to global debt markets.

Below is a chart from zerohedge showing total debt burdens per country.

1818  Economy / Economics / Re: Economic Devastation on: September 12, 2015, 10:01:22 PM
CoinCube it is going to be interesting to see to what degree that ominous potential you describe plays out (you draw a lot from some themes I have popularized on these forums).

Absolutely, in addition to drawing a lot from your work especially your essays linked in the OP I have also benefited from pages and pages of sometimes bruising back and forth debates across numerous threads where I did not always emerge with the upper hand.  Cheesy

That's why I put my predictions on page 98 of a thread dedicated to exploring your overall premise.
1819  Economy / Economics / Re: Economic Devastation on: September 12, 2015, 01:53:52 PM
Then plan B is just to use tax havens for them.

They hardly pay any taxes, I watched a video lately talking about a clever scheme where businesses report 0 profits and turn all money into subsidiaries in other coutnries ,which then they pay back in royaltee fees, at an agreement of 0.5-1% tax with the local tax agencies.

It is a clever tax avoidance (not necesarly evasion) scheme. And while they pay 0.5%-1% ,we pay 50-75% taxes.

Fortunately this whole economy will collapse soon, and hopefully by then everybody will pay 0% taxes.

I agree wealth will increasingly seek to hide by moving into tax havens in other countries. It will also be increasingly hunted. Pressure applied in the name of shutting down tax havens will be one more tool to drive political consolidation and weaken the nation state. Those running from the tax man will increasingly be identified, caught and punished. Options for legal evasion like you mentioned above will be shut down or restricted to a even narrower elite.

Tax havens that survive will likely be rare and limited to select jurisdictions where citizenship is hard to obtain. These areas are likely to be funded by income taxes (there will likely be no escape for wage earners anywhere)
In these havens citizens will likely be exempt from inheritance, capital gains, and wealth taxes. This will allow the billionaire class to safely run their interests from afar.

The lesser wealthy will be increasingly consumed via taxation in their home nations. The coming wave of socialism and public anger will drive most of them back into the ranks of government dependents. This will serve the purpose of sating public rage, destroying potential local opposition, and further undermining the economics of nation states thus increasing the dependence on debt that will soon be issued by bodies and governed by laws under the jurisdiction of those same tax havens.

Rather then spontaneous collapse. I believe the proper model is that of controlled demolition.
1820  Economy / Economics / Re: Economic Devastation on: August 31, 2015, 10:16:42 PM
But its impossible to tax the rich from a practical standpoint since every new tax you put on them will just simply be outsourced to his employees or customers.

The only solution to taxing the rich is to nationalize everything, which will obviously be a catastrophe as we know the government is unable to drive the economy at all.

So communism (as in central planning) doesn't work, socialism (currently used) is on the decline.

It is certainly not impossible to tax the rich just ask any rich person.
Businesses are only able to pass on a portion of new taxes to their employees and customers (see link below for why)

http://foundationsofecon.blogspot.com/2011/06/businesses-cannot-simply-pass-on-taxes.html?m=1

Increasing taxes does lead to increasing centralization and reduced dynamism in the overall economy.

Why do you say socialism on the decline? Unsustainable in its current form sure. Far from petering out socialism seems set to grow dramatically over the coming years.
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