when I am not working, we always eat supper at the table together.
Joined May 2021
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Patraña panem et Circenses
Panera panem et Circenses
Hate to be the party pooper
"Our country is now taking so steady a course as to show by what road it will pass to destruction, to wit: by consolidation of power first, and then corruption, its necessary consequence." T Jefferson letter to Macon 1820
The rise of a city, which swelled into an Empire, may deserve, as a singular prodigy, the reflection of a philosophic mind. But the decline of Rome was the natural and inevitable effect of immoderate greatness. Prosperity ripened the principle of decay; the causes of destruction multiplied with the extent of conquest; and, as soon as time or accident had removed the artificial supports, the stupendous fabric yielded to the pressure of its own weight. The story of its ruin is simple and obvious; and, instead of inquiring why the Roman empire was destroyed, we should rather be surprised that it had subsisted so long.
-Gibbons
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We're being lampooned by katagelastic mimicry
"I don't know, if it were to be done at all, it were better that it were well done" J Davis
Panera panem et Circenses
Hate to be the party pooper
"Our country is now taking so steady a course as to show by what road it will pass to destruction, to wit: by consolidation of power first, and then corruption, its necessary consequence." T Jefferson letter to Macon 1820
The rise of a city, which swelled into an Empire, may deserve, as a singular prodigy, the reflection of a philosophic mind. But the decline of Rome was the natural and inevitable effect of immoderate greatness. Prosperity ripened the principle of decay; the causes of destruction multiplied with the extent of conquest; and, as soon as time or accident had removed the artificial supports, the stupendous fabric yielded to the pressure of its own weight. The story of its ruin is simple and obvious; and, instead of inquiring why the Roman empire was destroyed, we should rather be surprised that it had subsisted so long.
-Gibbons
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Meat in the end
Found a shirt at Goodwill for America's birthday
Ground beef hat for scale
otat.bigcartel.com/
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Found a shirt at Goodwill for America's birthday
Ground beef hat for scale
otat.bigcartel.com/
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Panera panem et Circenses
Hate to be the party pooper
"Our country is now taking so steady a course as to show by what road it will pass to destruction, to wit: by consolidation of power first, and then corruption, its necessary consequence." T Jefferson letter to Macon 1820
The rise of a city, which swelled into an Empire, may deserve, as a singular prodigy, the reflection of a philosophic mind. But the decline of Rome was the natural and inevitable effect of immoderate greatness. Prosperity ripened the principle of decay; the causes of destruction multiplied with the extent of conquest; and, as soon as time or accident had removed the artificial supports, the stupendous fabric yielded to the pressure of its own weight. The story of its ruin is simple and obvious; and, instead of inquiring why the Roman empire was destroyed, we should rather be surprised that it had subsisted so long.
-Gibbons
2
209
Opinions are like arseholes, everybody has one, and they all stink.
But(t), how would anyone know if theirs does. So, I don't think my do.
And if it does, it's not deliberate.
Opinions can also come without prejudice. Doesn't mean that stink doesn't stink though either.
I've read a whole bunch of crap in 1:25-cv-23232-DPG, and 263 pages of pal Todd's b.s. from last July. Contained within that turd of an interview is a few kernels if you dig through it though. Certainly had me realize what a shitshow it was and is.
Speaking of opinions, another island is either a problem or has caused a problem, or solution to a problem for longer than 2 weeks. Opinions of how much attention to this matter can also change.
It's my opinion that there is some irony on the name Forbidden Island, and another island we are forbidden to have an opinion about.
I'll save my opinion of Weinsteinite, all while recognizing Oscar Wilde's opinion that "It is only about things that do not interest one(myself), that one (I) can give a really unbiased opinion; and this is no doubt the reason why an unbiased opinion(mine) is always valueless.
"The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents. We live on a placid island of ignorance in the midst of black seas of infinity, and it was not meant that we should voyage far." H. P. Lovecraft
1) Something troglodytic, shall we say?
2)There ain't no ticks like poly-ticks. Bloodsuckers all
3)Enigmas never age, have you noticed that?
The amount of problems 3 small islands have caused is immeasurable.
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Call me Owen.
That's if we're going to be historically accurate on the backstory of Ishmael. I was going to post my lifeboat money metaphor yesterday but didn't want to be mistakenly taken the wrong way, or think I'm being disrespectful on purpose.
Sir Cosmo dubbed his lifeboat the name 'moneyboat' for his generosity on that fateful night Jack & Rose fell in love. Owen Chase valued his lifeboat so much he wouldn't leave it for all the millions in whale oil contracts floating around his dingy after Moby Dick had his revenge.
J.W. Rogers provides another example of a lifeboat having value, and perhaps at that moment, more valuable than all the notes the Federal Reserve has ever printed. Speaking of, we'll leave a backstory of lifeboats and the Fed for another day.
I'm taking the liberty to rant about money, whether it be gold, meat, nails or lifeboats. Gold has time on its side, is a bitch to pull out the ground, and chicks dig it.
Boomers go back and forth on this form of money as seen by Buffet's 2011 letter to investors. Sure there are better ROIs, but then we're comparing apples to oranges.
An extinguisher of debt is a hedge against devaluation of a currency without counterparty risk. Few can say this.
Although Roxas might have thought differently about the risk before his flight to Hawaii. BTW, how the heck did that jury get to 22 billion. I've been arguing with Grok that 1000 tonnes of au ain't 22 billion 1996 dollars. Where the hell all that gold go? They tried to shove a covert big bird in front of us for show, when it was a black eagle pulling the strings on 2 C-141s and a Jolly Green Giant. At the end of the day, Marcos got his day, and we get a 'nothing to see here' like yesterday.
I'll wrap up this rant with 'Gold and Economic Freedom'
I sent Alan Greenspan copies of his essay with a nice personal letter on 4 different occasions for autograph, knowing he wouldn't and/or couldn't autograph it.
I just wanted to let him know, I knew he didn't abandon gold, but couldn't alert the passengers on his vessel the hull was rotten.
Fiat currencies are like ships, and gold is the raft to get to the next boat.
I might be flogging a dead horse here, but I'm also trying to nail it down for myself. I harvested this 166 year old board below with a couple 16D penny nails.
Fascinating these fasteners were a currency in whatever form over history.
Wage was low when my house was built. Wrought iron nails were being replaced by square cut at that time, but still cost a pretty penny. Typical laborers would have to put in some hours to earn enough for a pound of 16D(approx 50). One can't frame much of a house with 50 nails, and one can imagine what the % total cost the home builder spent on something hidden behind the plaster.
Speaking of facade, there might be some epic things being discussed economically, but there's a difference with the way things are constructed academically and/or in reality.
Rial is in bad shape. However, it's recovered a bit since the pipe guy was talking about rats. Academia and reality are not aligned here imo.
160 kids accidentally killed and one might not give a f*** how many irr it takes to exchange for a buck to exchange for temu widgets.
It'd be "Nuts" to overlook the unredacted stuff amongst the redacted stuff that sheds some light on Iran. Also nuts not to consider what's going on with BTC, especially considering Iran's use of crypto to bypass the $. Appears our incompetence took a back seat to our arrogance when we started this chess game. Ron Vara might disagree though.
Money, it's a hit
Ah, don't give me that do-goody-good bullshit
Well, It's anything you and I agree on. Extinguisher of debt and preservation of past labor is another story.
Meat was money and probably the first. (Although you definitely cant preserve wealth in meat unless you have long date expiration Slim Jim's) The empire needed to feed its soldiers so taxation turned to another form of money in currency created by the Empire payable to the Empire so they could buy the meat. Similar to our Treasury not needing dollars since they are the issuer. Taxation in the issued currency is the compliance factor of the population. Confidence is maintained to a degree by our need to fulfill compliance every April 15th. The rest of the year we're out there determining our own money exchangeable back to USD.
JPY is in bad shape, just not as bad as the IRR. The USD is losing its purchasing power as seen in the price of ground beef. All racing lower to avoid deflation.
Gold Standard stood in the way of a government borrowing since they can't print Au, but I'll leave this for another thread.
10% of the wealthiest individuals own 87% of equities. The preservation of capital must exceed the devaluation of the currency, hence the DOW 50k. It's an illusion of economic health, but evidence of equities being a form of money.
The debt markets are money, just yet to be redeemed money. I always thought it was funny the idea of borrowing being less inflationary than just printing. The systemic cyclical debt loads are causing the 10% to front run the future devaluation of the dollar in the equity and commodity markets. Evidence recently seen in the talking heads recommending the 90% non-equity holders to buy 30 yr T-Bonds. If Warsh lowers here, those 30yr will certainly be worth more in nominal USD , but worth much less when exchanged to actual goods.
Gold, copper, silver, ground beef, oil etc are the canaries in the coalmine.
I get blinders at times. Maybe I'm totally wrong here. But I do my best to remind myself of Under Siege 2 everyday. "Assumptions are the mother of all fuck-ups" I grew up thinking people in politics were intelligent. But reality showed me a Gov pushing burgers for boosters, and a dude that is on a special envoy to negotiate global affairs who did not know of Albania until he swam to it from a Rothchild yacht and also discovered Ron Vara off Amazon.
Also "nuts" to think how far we've come since the 7 Queens of Egypt.
Deben to eventually drachma, then denarius, then dinar, now dollar and back to the start of 16D
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"The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents. We live on a placid island of ignorance in the midst of black seas of infinity, and it was not meant that we should voyage far." H. P. Lovecraft
1) Something troglodytic, shall we say?
2)There ain't no ticks like poly-ticks. Bloodsuckers all
3)Enigmas never age, have you noticed that?
The amount of problems 3 small islands have caused is immeasurable.
2
210
Sunday service
10 Oct 2021
It’s sunday. do not sleep. do not eat. do not drink water. fuck self-care. engage in pointless transactions until your aorta caves. until your veins collapse. impregnate your phone with empty adoration until you enter an afterlife that doesn’t exist. die with the most likes.
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