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Category Archives: capitalism
WCW 7: Dartmouth college, Golden Goof Peter Schiff, and some pro wrestling
Peter’s been on an anti-Bitcoin tirade. Peter was very excited about Gold’s rise to 1.8k per ounce. But 50 US dollars in 1960 has the same buying power as 475 US in 2021. Which means the value of gold has depreciated since 1960.
BTC, and blockchain technology was created in 2009. It went from the current value of Shiba Inu to an all-time high of 69,000 to 43,000. Now for the people home that need some help getting it. That’s an exceptional return on investment.
Gold is a decent store of value but it has no utility as a currency. Bitcoin on the other hand can operate as both. I can carry 1,000 Bitcoin on my phone or nano ledger while walking around. Nobody will know.
If I try to carry a significant amount of gold while walking through town. I’ll be slowed down, and probably robbed. Gold fell out of favor because it’s not easy to transport.
Now Peter is financially invested in the precious metals industry. So, I understand his preference. But the man is clearly dishonest, and arguing in bad faith.
This next bit I thought of at work. So, I’ll have to piece it back together a bit. The restaurant business is very taxing on the mind.
Ivy league graduate Curtis Yarvin aka Moldbug should actually be considered a prophet. His ideals are slowly coming to fruition. Although he wasn’t the first to predict what’s coming. Science fiction authors, and game developers said it first.
Opposition to Bitcoin, and cryptocurrency in general is routed in the realization that they are obsolete. Traditional finance bros are doing everything they can to stop it. Even resorting to using the federal government as a tool.
The styles of governance that developed out of enlightenment ideology, and Westphalian sovereignty are in trouble. The rise of cryptocurrency, corporations, and NGOs has changed the paradigm.
Regular democratic governance structures has been reduced to a tool. We’re reverting back to a pre-enlightenment order with futuristic characteristics. Sovereign corporations, merchant republics, and kingdoms are the future.
People like Elon Musk, and Mohammed Bin Salman are genuine elites. Elon Musk & Jeffrey Bezos would have been sitting in the East India Trading Company headquarters discussing potential trades. Amazon definitely looks like it’ll be the next East India Trading Company.
Western neo-liberalism lacked an answer to soft populism, and now they’re larping as East Germany. They seem to not care about answering the old order 2.0 question. Because returning to it benefits them.
The old order gives the wealthy, and the noble permission to be who they are. This is why Curtis Yarvin, and Robert Filmer should be studied. Because that’s where Western civilization is going.
Peter Schiff’s anti-Bitcoin tirade, and tweeting at El Salvadoran President Nayib Bukele reeks of insecurity. He’s upset that crypto is getting more investment than precious metals. He’s losing money.
Nayib Bukele implicitly understands that the old order is coming back. That’s why he chose Bitcoin as a currency, and Algorand Foundation’s ecosystem to get it done.
I’m not invested in Bitcoin but it’s the Father of the crypto. Algorand, Cardano, Polkadot, and Avalanche are more my style. The cryptos I prefer wouldn’t be here without it.
Dartmouth college had a lecture on what Capitalism needed. I’m going to talk about what I think capitalism needs. Before I actually watch the lecture itself. The lecture itself
We need a retro-futurist approach to the economy. Look at what worked in the past, and look at the future. Keynesianism is economic cocaine. Feels great when you’re on it but the crash isn’t a good experience.
Mercantilism, and the American School aka the National System worked. The currency retained it’s value, and you could live a decent life. Socialism with Chinese Characteristics is working for the People’s Republic. Lee Kuan Yew’s vision transformed Singapore into an economic powerhouse.
The philosophy behind cryptocurrency, and it’s technology must be embraced. It can help stabilize capitalism. Chaotic business cycles aren’t good. Keynesianism, and pure laissez faire couldn’t solve the problem.
New technology, and good Ideas are needed.
We also need to consider automation to reduce the need for economic migration. Automation will reduce the labor supply. A smaller labor pool makes the value of an individual worker go up.
A worker that feels more valuable is a happy worker. Happy workers are more productive than sad workers. Universal basic income also needs to be implemented. So, that we are free to pursue our true path. If we choose to do so.
It’ll also help displaced people support themselves while retraining for a new career.
I’ve given thoughts on how to improve Venezuela, and Communist Party USA . These could be applied to Western capitalism too. Because essentially what I’m doing is combining communism & capitalism. There’s also some unique ideas that haven’t been explored too much.
Now I’ll listen, and react to the lecture.
The professor is explaining what Capitalism is, and what’s needed for it to work. John Campbell believes current economic experts need to look to the past. That’s something we agree on.
The presence of upward mobility or the perception of it is something Adam Smith felt was important. I feel like equality is going to be the primary focus of this lecture. He’s praising the Nordic countries. Very typical of left leaning academics. Praising successful models in tightly knit small countries, and wishing to apply it to an empire.
The USA was an empire in the traditional sense, and is now an empire in an economic sense. But with some leftover elements from it’s past. Manifest destiny, and all that.
He brings up anti-immigrant sentiment, and right wing nationalism. Notice that he differentiates between left wing, and right wing nationalism. That’s an interesting detail although probably not intended the way I’d like. Social cohesion is very important for any community. Especially a large capitalist society like the United States.
Most forms of economic migration are unnecessary, and can be considered a type of indentured servitude. Because we’re exploiting people that are trying to improve their own lives, and send money back to the motherland. Of course, their presence is going to anger the host population.
You’ve got to take in-group versus out-group bias into consideration. This is a naturally developed part of the human mindset. People are going to be more comfortable with familiar faces. If unfamiliar faces are taking jobs or something. It’ll trigger a reactionary response from the host population.
The solution is automation because it’ll reduce economic migration down to a optimal number. The only form of economic migration that will remain will be high skilled migration. Higher achieving folks tend to be less prone to populism. A highly meritocratic environment suits them.
But humans are a fairly communal species with elements of individualism splashed in the mix. With automation also comes universal basic income. As you can see there are some reoccurring themes in this blog post.
The actual lecture itself is only twenty five minutes long. He talks about the pandemic’s effects a little bit, and then answers questions.
Pro Wrestling NOAH: YO HEY vs Tadasuke
Great fast paced competition as always. Corgan’s NWA should sign a cross-promotional deal with Pro Wrestling NOAH. YO-HEY should compete for the junior heavyweight championship. Tadasuke has a good bit of momentum. But he couldn’t keep YO-HEY down for long. Some high risk offense, and the beginning of a twenty count. YO-HEY is in control.
Tadasuke found a second wind, and practically took his head off. Tadasuke is the winner. This is the second YO-HEY match that I’ve covered. He’s lost both. What’s up with that, Bro? You’re better than this.
Abolish the Senior Discount
In the interest of making America great again, and building back better. We must begin looking forward instead of backward. Putting the youth first is a patriotic necessity. Young parents, and individuals simply haven’t had the same opportunities.
Unlike their seniors who’ve enjoyed the best economic period of American history. With plenty of decades of preparation, they shouldn’t have trouble affording things. Old age just isn’t simply a good enough reason for a discount.
How do we know if this person was honorable, and a benefit to society? They could’ve been absolutely terrible. So, there needs to be something to prove a positive contribution.
Groups of people that deserve a discount:
1. Veterans
2. Doctors & Nurses
3. Active duty military, policeman, firefighters, and EMTs
4. Teachers
5. Individuals between the ages of 18 & 28
6. Young Mothers & Fathers
We’ll never get back to a state of stronger cultural, and economic cohesion with our current mindset. Senior citizens will instead be given the opportunity to pay more. They’ll be able to round up from 9.25 to 10.00 in order to support the future generations.
They’ll rest easy knowing that extra money went towards helping a young family or some college student. A small but important way of serving the greater good of our society. We’ll call it the “Senior Surcharge”, and it’ll go into the Patriotic Stewardship Fund. Which will distribute the money accordingly.
“50 dollars in 1960 had the same purchasing power as 464 dollars in 2021. If your money is worth less now than it was in the past. That means it costs way more now to even start living independently as a adult. ” – My article on the anti-vaccine community
The older generations did not create a better world to hand over to Generation Y, Z, and Alpha. But there’s plenty of things that can be done to make it right. Before you leave this Earth for the afterlife.
Thanks for reading, and I hope you have an excellent day. If you’re interested in investing in crypto. Please look into Bancor Network, Algorand, and Ankr. Excellent investment opportunities for all.
Recommended articles by myself:
My advice for the Communist party USA
Crypto & NFT needs political clout
Source for the Picture
Wall Street, and real estate has an excellent relationship with politicians. This asset community needs to start getting serious. Getting rich is great, and that’s the goal. But we need power too.
Make their policies work for us. Push for lower taxes on crypto, and NFTs. Use our influence to push for things that we want in society. Kind of like how people like Warren Buffett, and Elon Musk want to shape society.
Politicians need to be in the crypto community’s pocket.
Republicans, Democrats, Greens, Communists, and Independents. All of them need to have ties to us.
They’ll continue to be restrictive the longer we stay out.
Let’s do a long march through the CPUSA
Infrared’s video on the out of touch CPUSA.
The Communist Party sounds like the DSA, Jacobin, and Democrats. It’s not communist, it’s red liberalism. Patriotic people with economic populist views should join the party. Take it over at the local level, and recreate it.
I’ve created a platform that could bring the CPUSA, and American Populism into a new era. The GOP, and Democratic party represent the wealthy. The Libertarian, and Green parties are extensions of those parties. The Communist Party can be transformed by a grassroots effort.
The communists, and socialists of yesteryear wouldn’t recognize the CPUSA. Because they have more in common with the conservative patriotic Marxists like Haz. The Russian Communist Party is conservative. The Chinese Communist Party is conservative. The CPUSA is Angela Merkel mixed with Bernie Sanders, and Alexandra Ocasio-Cortez.
The CPUSA is progressive liberalism with red paint. But we can create a retro-futuristic communism with American characteristics. Traditional Marxism-Leninism is definitely a solid option for the party. But my platform idea might be very useful as well.
Recommended articles by myself:
What I would do with 9.5 million $ETH
Link about someone refusing a 9.5 million ETH offer for an NFT.
Convert 2.5 million into USD, and purchase residential properties to rent out. Use twenty-five percent of profits from these properties to buy Ethereum, Solana, and Polkadot. The other 75% of the profits would go towards rental maintenance, food, entertainment, and designer clothing.
That leaves 7 million Ethereum from the offer. I’d put 1 million Ethereum into staking, and HODL the remaining 6 million. A recipe for long term wealth.
The laughable premade argument against $15.00 an hour
It’s a brilliant showcase of why Republican, and Libertarian ideals offer nothing. The Progressives, and the rising Democratic Socialist faction do. It isn’t something great but it’s more than what the other side is.
I hope this gets shared around the Republican, and Libertarian online community. Because I genuinely would like some answers. Give me an actual solution.
A little about myself before we get started with this. I’m planning on going to law school online after getting my own apartment. I’ve worked at a gas station, and Taco Bell. I invest in cryptos like Solana, Polkadot, and Ankr. Other than that I also plan on self-publishing fantasy books on Kindle.
Point 1: These jobs are for kids!
Do you trust high school students to schedule, hire, and deal with a safe full of money? Also why are fast food places open before 4pm during the week? It seems like they should be open from 4pm to 10pm in this case.
This argument weakens as you go up the ladder of responsibility in a fast food restaurant. Shift lead, assistant manager, and store manager are roles for adults.
If the job is for children that means adult customers have to adjust their behavior. I’ve seen grown men, and women throw tantrums over minor inconveniences. Incorrect order, missing one item, closed lobby, and so on. If it’s a job for minors the adults have to act like adults.
Point 2: Learn a skill, and you’ll have a livable wage!
That’s the problem right there, My friend. Plenty of people with good degrees are priced out. Employers want a Master’s degree, and experience. A bachelor’s degree doesn’t guarantee you a job anymore.
The common retort is that they should go to trade school. But not everyone is meant to be a tradesman just like college isn’t for everybody. 2008/2009 screwed up the future for Generation Y, and 2020 screwed up the future for Generation Z.
People with degrees in technology, and law are making your coffee. Because 75 year old Thomas Winston the 3rd doesn’t want to retire. Plus employers don’t want to take a risk on fresh talent.
Counter point: Automation
85 million jobs are expected to be eliminated by 2025. That’s only the start of it. Do you think welding or construction is a a safe career long term? I can promise you that it isn’t. No skill, low skill, and medium skill jobs are at risk.
Does increasing the minimum wage accelerate automation? Yes but what alternative does the Republican party offer? It isn’t anything good or palatable to the masses. The most forward thinking individuals in the mainstream sphere are Elon Musk, and Andrew Yang.
There’s certainly better men but those ones are a little fringe. We’ve got to ease people in to a new paradigm.
How would you deal with this?
Counter point 2: Cost of living
Because of the increase in overall population, and labor supply. The value of an individual’s labor is worth less than before. Even with skills like welding, carpentry, and programming.
In the good old days, Husbands could work at a cement factory to support a family of five. He’d have a nice house, car, and some dogs. If a 25 years old American can afford a studio apartment by themselves these days. They’re considered lucky, and envied by their peers.
You can’t pursue a better career when you are just barely making ends meet.
How would you address this?
Eventually the American Right will have to look around to see just how bad things are. The American Left is offering a shit sandwich but at least it’s something.
I offered some ideas for the Communist CPUSA. But anyone is welcome to use them in their platform. America needs a futuristic mindset.
The third crypto
Solana, Polkadot, and Ankr. Those are the three cryptos that I’ll be HODLing. Ankr is a great staking & Defi platform. Check them out Here.
They’ve also begun sponsoring the Sacramento Kings. Which should attract plenty of attention from potential investors, and regular people curious about crypto. All of these cryptos are great buys right now.
Plenty of long term potential.
Looking for one final crypto to HODL
I’m currently invested in Solana & Polkadot. These Ethereum alternatives seem very promising. Solana received a lot of heat for how it marketed itself. But no one is laughing at the Solana developers now. They’ve built an NFT empire, and new projects get announced every day.
Polkadot has a brilliant idea behind it. Unite the crypto space instead of having isolated chains of code. Polkadot has plenty of things going for it as well. Polkaswap, Kusama, Polychain Monsters, Moonbeam, and Polkastarter. There’s a bright future for both of these cryptos.
The safe bet would be Bitcoin or Ethereum. But I like a little adventure, and excitement. Some uncertainty to make investing a little more fun.
So, I’ll be looking through the Coinbase list for the third crypto. Cardano, Axie Infinity, and Litecoin are potential #3s .
What’s your crypto big 3?
The Grand Vacant Party: An opportunity for patriotic communists, and many others.
There’s no future for the GOP as it currently stands. It’s essentially land that’s about to be up for sale. The majority of Baby Boomers will be deceased in the 2030s. That is their primary demographic. Most attempts to inspire the youth have failed.
There’s also absolutely no ideological innovation. This is an opportunity for patriotic communists, theocrats, economic populists, and many more. The party is a bunch of geriatric millionaires discussing Reagan, and Milton Friedman. While Left neo-liberals, and democratic socialists tear the country apart.
Trump talked a big game but gave evangelical neo-conservatives, and Wall Street neo-liberals everything. He lied to the people that gave him power. Social rightism, and economic leftism made Trump appealing. Which means MAGA wasn’t a right wing movement. It was a classical Democrat platform from the 20th century. I’d even go as far as to say it’s got similarities to classical socialism, and Peronism.
The state branches of the GOP in blue states could be taken over easily. Most of the people involved currently are a bunch of old timers. Any young people getting involved would be welcomed by them. If enough of them come from a specific faction. They’ll have to reluctantly embrace a new platform.
They might lose some support from the dying boomer generation. But there’s no future in catering to people that threw away the country. Millennials, and Generation Z will never retire. Most will never own a house.
I would suggest that those looking for a New Frontier take over the GOP, and it’s institutions. Caleb Maupin, Infrared Haz, and various philosophical thugs of the world. Don’t miss out on the opportunity.
Baron thoughts 