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Author Topic: Economic Devastation  (Read 504742 times)
STT
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July 08, 2014, 02:51:10 AM
 #281


Western Rome fell into a 600 year Dark Age and the population of Rome plummeted from 1+ million to 30,000. I call that Devastation. The peripheral markets boomed such as Byzantine, where there wasn't this inertia preventing adjustment.

Quote from: Armstrong
Government just do not get it. They are in serious trouble and the top 10% (free thinkers not richest) are moving be it stamps, coins, cars, art, real estate, whatever.

Classic cars are not a taxable event in UK, not sure about elsewhere but they are an ideal store of wealth.    Art is used in drug deals in place of cash as high value tokens of exchange, hence stolen art though it cannot be sold properly is used in this way and with alot less effort then collecting suitcases of dollars.

This is why diamonds are at the top of Exters triangle, in times of grand inflation their worth expands greatly but their actual worth to society is not fundamental hence its a bubble price.


The fall of Rome was not due to their use of technology and labour reducing devices.   They go over in the mp3 the debasement of currency and its effects on various parts of the empire, it became totally a command economy not capitalist in any way as merchants and trade previously had been free

http://en.wikipedia.org/wiki/Roman_commerce

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LostDutchman
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July 08, 2014, 03:23:39 AM
 #282

Oh, shit!

The "fall" of Rome was due to..........................

Hell, Ima not even deal with this one in this environment.

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July 08, 2014, 05:42:29 PM
 #283


This is misunderstanding of basic economy.  People do investments to increase productivity. But that capital has a cost, so they would not waste it.


When you eliminate workers entirely the productivity of your workforce becomes infinite, so you out compete everyone else.

What happened to the rest of my rant?
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July 09, 2014, 01:22:20 AM
Last edit: July 09, 2014, 01:40:18 AM by hdbuck
 #284

pop.. dat.. bubble!



http://www.zerohedge.com/news/2014-07-08/fed-going-attempt-controlled-collapse

Quote
The risk of normalising too late and too gradually should not be underestimated… The trade-off is now between the risk of bringing forward the downward leg of the cycle and that of suffering a bigger bust later on .
Few are ready to curb financial booms that make everyone feel illusively richer. Or to hold back on quick fixes for output slowdowns, even if such measures threaten to add fuel to unsustainable financial booms,” …
“The road ahead may be a long one. All the more reason, then, to start the journey sooner rather than later.”

Grin
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July 09, 2014, 02:49:32 AM
 #285


This is misunderstanding of basic economy.  People do investments to increase productivity. But that capital has a cost, so they would not waste it.


When you eliminate workers entirely the productivity of your workforce becomes infinite, so you out compete everyone else.

What happened to the rest of my rant?


Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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July 09, 2014, 03:06:22 AM
 #286


This is misunderstanding of basic economy.  People do investments to increase productivity. But that capital has a cost, so they would not waste it.


When you eliminate workers entirely the productivity of your workforce becomes infinite, so you out compete everyone else.

What happened to the rest of my rant?



Smiley
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July 09, 2014, 03:07:06 AM
 #287

http://www.youtube.com/watch?v=I8P80A8vy9I

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July 09, 2014, 03:43:36 AM
 #288


https://www.youtube.com/watch?v=u7DN5d6PRvs

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July 09, 2014, 09:45:09 AM
 #289

I agree with the 'can't buy knowledge' part. Internet has made the cost of most knowledge almost free or next to nothing, something that people in the pre-internet era couldn't dream of. Hopefully these large amounts of knowledge available can bring some quality changes.

right
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July 09, 2014, 04:01:15 PM
 #290


I agree with the 'can't buy knowledge' part. Internet has made the cost of most knowledge almost free or next to nothing, something that people in the pre-internet era couldn't dream of. Hopefully these large amounts of knowledge available can bring some quality changes.


Free knowledge mostly benefit 3rd world. But that is causing havoc back in the 1st world country as most resources went into research and development, and now being given away for free.
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July 09, 2014, 04:43:28 PM
 #291


I agree with the 'can't buy knowledge' part. Internet has made the cost of most knowledge almost free or next to nothing, something that people in the pre-internet era couldn't dream of. Hopefully these large amounts of knowledge available can bring some quality changes.


Free knowledge mostly benefit 3rd world. But that is causing havoc back in the 1st world country as most resources went into research and development, and now being given away for free.

You are wrong, 3rd world has no internet or is highly filtered.



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July 09, 2014, 04:50:08 PM
 #292


I agree with the 'can't buy knowledge' part. Internet has made the cost of most knowledge almost free or next to nothing, something that people in the pre-internet era couldn't dream of. Hopefully these large amounts of knowledge available can bring some quality changes.


Free knowledge mostly benefit 3rd world. But that is causing havoc back in the 1st world country as most resources went into research and development, and now being given away for free.

You are wrong, 3rd world has no internet or is highly filtered.

Smart phone is actually very popular in 3rd world country. And they do have high speed internet service.
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July 09, 2014, 06:17:20 PM
 #293

Smart phone is actually very popular in 3rd world country. And they do have high speed internet service.

You are wrong, but it depends what is 3rd world for you and you might be right. And good luck learning some useful stuff from smartphones.

http://en.wikipedia.org/wiki/List_of_countries_by_smartphone_penetration
http://en.wikipedia.org/wiki/List_of_countries_by_number_of_Internet_users



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July 10, 2014, 11:11:42 PM
 #294


I agree with the 'can't buy knowledge' part. Internet has made the cost of most knowledge almost free or next to nothing, something that people in the pre-internet era couldn't dream of. Hopefully these large amounts of knowledge available can bring some quality changes.


Free knowledge mostly benefit 3rd world. But that is causing havoc back in the 1st world country as most resources went into research and development, and now being given away for free.

You are wrong, 3rd world has no internet or is highly filtered.
Many 3rd world countries do have some level of internet access, but the quality (speed/latency) is not very good. The cost of internet access is also high when compared to average earnings.

This spot for rent.
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July 11, 2014, 01:05:27 AM
Last edit: July 11, 2014, 01:18:02 AM by STT
 #295

Ive no idea why exactly but apparently the quality of DSL in Somalia is world class apparently and they're ready to install within a day or so of your request.    How far that good quality of
service might go Im not sure because they'd need a transatlantic link and they probably dont have it

http://www.balancingact-africa.com/news/en/issue-no-345/top-story/somalia-s-civil-war/en
http://sabahionline.com/en_GB/articles/hoa/articles/features/2013/01/07/feature-01

I thought they missed a trick in Afghanistan.   All that time they were there and trying to dismount the militia type occupation, they should have enabled as much wireless broadband as possible.   Its only by isolation and bullying that the Taliban or similar were able to dominate the local tribes.   Doesnt seem enough smart thinking was done, instead many smart bombs


I think this is more relevant to the fabulous wonderful world of federal reserves  http://www.youtube.com/watch?v=MancNnvHDFY

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July 11, 2014, 08:20:45 AM
 #296

Smart phone is actually very popular in 3rd world country. And they do have high speed internet service.

You are wrong, but it depends what is 3rd world for you and you might be right. And good luck learning some useful stuff from smartphones.

http://en.wikipedia.org/wiki/List_of_countries_by_smartphone_penetration
http://en.wikipedia.org/wiki/List_of_countries_by_number_of_Internet_users

Agree with you and useful links for the topic.

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July 11, 2014, 01:53:54 PM
 #297

Reading the third post I found it a very interesting read. This article was released last night from a VeriCoin developer.

http://www.vericoin.info/downloads/decentralization.pdf

Pretty much each reason the third post addressed in December of 2013 has been addressed by the VeriCoin team. They have the use of Bitcoin through its veri-bit system. They also use a POS system that promotes staking to support the network.

Anyways, not here to promote that coin but I just felt after reading this post and how true it rang that I would give a shout out to these guys. They are working hard to address concerns from OP.

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July 12, 2014, 12:15:54 AM
 #298


I agree with the 'can't buy knowledge' part. Internet has made the cost of most knowledge almost free or next to nothing, something that people in the pre-internet era couldn't dream of. Hopefully these large amounts of knowledge available can bring some quality changes.


Free knowledge mostly benefit 3rd world. But that is causing havoc back in the 1st world country as most resources went into research and development, and now being given away for free.

You are wrong, 3rd world has no internet or is highly filtered.

Smart phone is actually very popular in 3rd world country. And they do have high speed internet service.
Most 3rd world countries are still several years behind the rest of the world in terms of smart phone availability as well as cell network performance.

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August 30, 2014, 11:57:47 PM
 #299

---------------------------- Original Message ----------------------------
Subject: Can the Internet Replace Career Politicians?
From:    AnonyMint
Date:    Sat, August 30, 2014 7:52 pm
To:      "Armstrong Economics"
--------------------------------------------------------------------------

http://armstrongeconomics.com/2014/08/30/can-the-internet-also-replace-career-politicians/

I agree with some of what Martin Armstrong wrote at the above linked blog post. Specifically I agree that the politicians and bureaucrats are able to do malfeasance because the public is both apathetic and systemically incapable of making change even when aware.

Martin has this theory that if the people could vote directly on every issue instead of being represented by elected officials, then the systemic problem would be solved. I briefly entertained this conceptual idea when I was about 13 years old. It is quite naive and juvenile.

Armstrong and Margaret Thatcher have the same gullible misunderstanding that most people of lower IQ have. They haven't taken the time to,or don't have the mental abstraction IQ to, comprehend how degrees-of-freedom and the granularity of adaption to maximize fitness interact with the immutable Second Law of Thermodynamics such that it is impossible that top-down organization of anything can ever work. I have explained this ad nausem in my past writings as AnonyMint:

https://bitcointalk.org/index.php?topic=355212.0

http://unheresy.com/Information%20Is%20Alive.html#Knowledge_Anneals

https://bitcointalk.org/index.php?topic=495527.msg6065144#msg6065144

https://bitcointalk.org/index.php?topic=557732.msg6078778#msg6078778

https://bitcointalk.org/index.php?topic=495527.msg6716262#msg6716262

Simulated annealing is the only known algorithm which can maximize fitness (i.e. the solution to the solution space) where the solution space is unknown a priori, has an unknown number of independent variables, and is dynamic with unknown number of feedback loops. Simulated annealing is nature's optimization method. Simulated annealing is why ice that cools slowly has less cracks because the localized organization and coordination of the molecules have more time to independently (i.e. bottom-up organization) find optimum states.

Only a fool or person of low IQ would assert the bottom-up voting for top-down issues can somehow anneal. I feel like I am dealing with children. Am I that much smarter than most people? Or are most people just too lazy or too invested in their logically failed ideas such that they are unable to think coherently?

The 150 - 170 IQ genuis who coined "open source" (as opposed to "free software") explained the power vacuum of democracy:

http://esr.ibiblio.org/?p=984
(Some Iron Laws of Political Economics)

The solution to the problem of the power vacuum of democracy is to eliminate top-down issues so that people can be free to organize more locally. The technological solution is coming with decentralized technology. For example, 3D printing, flying cars with computerized avoidance systems, decentralized anonymous crypto-currency (Bitcoin isn't decentralized and isn't robust in a fractured internet), decentralized corporations, decentralized social organization over the internet, etc..

Why does local organization work better? Because it is impossible for top-down laws or issues to be optimized to every local situation and especially dynamically because everything is always changing.

The gripe against local organization has been that economies-of-scale can't be attained. This was true in the Industrial Age where fixed capital and stored money were paramount. But with the internet economies-of-scale can be attained even if only 1 in 1000 people are availing of each thingamajig. This is why I have been writing about the coming Knowledge Age and the death of all top-down organization, including the death of passive capital investing such as bonds and usury finance. Instead we will move towards where capital is knowledge. Money will only be a currency and not for storing capital. There will be no way to store capital for long periods of time that isn't knowledge (money will have high rates of debasement in order to fund its decenralized crypto-currency security). The old world overlords will die away along with the socialism masses who don't cross the chasm. This is why their NWO is a death paradigm.

And this is why massive poverty is coming because most people aren't ready to cross the chasm. And this poverty will usher in disease and war. Out of the ashes, will come the Knowledge Age. For a while, the old will hang on and the socialism will become very idealistic (youth are glossy-eyed ready to the "end the corruption" mantra employing more top-down Marxism) and try for the NWO top-down solutions that Armstrong and others espouse. But that is the dying paradigm on the long haul. The Knowledge Age will be growing.

I can see clearly and lucidly the Big Picture how it all fits together in a perfect puzzle.

Get it. Or perish. I am tired of explaining it.

unheresy.com - Prodigiously Elucidating the Profoundly ObtuseTHIS FORUM ACCOUNT IS NO LONGER ACTIVE
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August 31, 2014, 02:08:44 AM
 #300

this thread just shattered my mind. looks like i found something to do the next few weeks!






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