Monthly Archives: July 2017

Bits and Pieces – 20170731, Monday

Commentary: I want to explain why Bitcoin can never be a viable currency. My understanding of Bitcoin is that there is an upper limit on the number of coins that can ever exist, somewhere around 21 million. The block-chain, as I understand it is simply a security paradigm for the system.

If bitcoin were only to be used to buy potatoes, the question of their relative values might be settled by adding the weights of all the potatoes in the world and saying that this is equivalent to the total number of bitcoins since bitcoins are assumed to be worth nothing for any other purchase. Let’s say that one ton of potatoes is equivalent (worth) 2.4 bitcoins (which hides the problem of fractional bitcoins – what are they and how do you manage them?).

Suppose next year there is a bumper crop of potatoes. There are twice as many potatoes but the same number of bitcoins. The value of a potato relative to a bitcoin has been cut in half.

Suppose farmers can agree that a bushel of wheat is equivalent to 10 pounds of potatoes. Further, they find that the amount of wheat grown is twice the amount of potatoes in value. Also, they decide to accept bitcoins for wheat. The total amount of merchantable produce in bitcoins is 3 times our initial example. That means a ton of potatoes is worth 0.8 bitcoins now.

Expand this to all products and services produced in the global economy and the value of a single potato becomes extremely small.

In a practical monetary system, the currency must be expansible to price the economy in practical terms and also be able to grow as the economy grows. Bitcoin can’t do either.

A useful model for understanding Bitcoin is the tulip mania in Holland in the 17th century – it’s a speculative bubble.

The War on Cash: An discussion that suggests a role for cryptocurencies in the battle against government control over the economy by removing cash:  Banks Are Scheming To Dominate A Future Cashless Society.

WWIII: There is a consistent push from actors in the US in this direction: Russian Sanctions – The Start of World War III?.

The American Empire (AE): This short article presents a concise understanding of Russian interests and the globalist/nationalist conflict: Russia’s Real Endgame. This is a highly recommended read.

The new Russian sanctions are explained by Mike Shedlock: Make America Safe: Put Congress on Permanent Recess (What the Sanction Bill is Really About). The real reason is to support American economic interests around energy and the control of energy supplies to Europe. And a bit of background on American hypocrisy over the issue: Browder – Russia – Trump – Safra.

Where to from here: The Historical Turning-Point Has Arrived?

In annual competitions held by the Santa Fe Institute on optimal game theory strategies, the game “tit for tat” one. In practice: “It’s Time To Retaliate”: Putin Expels 755 U.S. Diplomats. This has got to complicate US efforts of espionage, regime distabilization and interference in elections.

Climate: Apparently sea levels have fallen for the past 2 years. Watch for upcoming entertainment as climate alarmist figure out how global warming is causing this: NASA Confirms Falling Sea Levels For Two Years Amidst Media Blackout.

Bits and Pieces: Here is Senator John McCain’s war record in ome tidy little package for your reference (it might not be what you’re expecting): A Complete History Of John McCain Calling For War Around The World.

For my owon interest I’m including this shrt article ehich spans multiple conspiracry theories: Former Forbes Bureau Chief Blows Whistle On 9/11 & Fukushima.

And a little home town (Strathroy) excitement here last week: Procedure avoids panic: expert. I spoke with the deputy mayor. He said it was the last 13 cars of a 130 car freight that went off. The engineer was two miles down the track before he realized he was missing them. A hoot.

Any “moderate” brand of Islam – Hero Imams? – must be founded on the rejection of those aspects of the Quran and other religious books that advocate violence against and domination of non-Muslims. This of course requires such moderates to accept that the Prophet was wrong. Good luck.

Videos abound of the robots scurrying around Amazon “fulfillment” centers as I have previously published. The paradigm seems to be move products from an inventory of hundreds of thousands of items to workers that seem to have a limited role in packing the products. It may be that AI hasn’t advanced to the point of being able to solve the 3D problems of placing a variety of odd-shaped boxes most efficiently into one larger container.  But that problem may be solved soon: Amazon Hosts Robotics Competition To Figure Out How To Replace 230,000 Warehouse Workers.

Here’s an off-the-wall piece: The Not-So-Secret Ingredients of Military Coups. If you’re planning a coup, whether military or perhaps in business, one might benefit from this book.

Bits and Pieces – 20170722, Saturday

Commentary: Trump may finally be getting it together with a strategic counteroffensive: Trump Preparing Counteroffensive; Begins Investigating Mueller’s Team For Conflicts, Trump launches all-out assault on Mueller probe, Trump Legal Shake Up: Kasowitz Out As Personal Attorney, Corrallo Resigns, an attack on Sessions’ performance Sessions: “I Will Continue Serving As Attorney General As Long As That Is Appropriate”, and a shot at Comey, “We Take Confidentiality Seriously At DOJ” Rosenstein Blasts Comey For Leaking Trump Memo.

It’s interesting to see the collateral damage appearing among former Obama officials: New Scapegoat Emerges In Unmasking Scandal: Meet Obama’s Former U.N. Ambassador Samantha Power, as well as recent revelations against Susan Rice (Confirmed: Susan Rice “Unmasked” Trump Team) and Loretta Lynch (Loretta Lynch Plot Thickens As New Details Emerge Of Her Dealings With The Hillary Campaign).

Civil Unrest: The depth of the Hamburg civil unrest has been ignored but Martin Armstrong has been following it: The Rising Youth & Civil Unrest.

From the Left: At the heart of the European migrant crisis we find … George Soros of course: Soros-sponsored immigration network in Italy.

The War on Cash: There is a steady stream of articles related to this topic that I have not bothered to report on, but here’s one: 95% Of Europeans Reject EU Efforts To “De-Cash” Their Lives. The issue is government control, not crime prevention. More sinister reasons are it will be necessary for the full implementation of global government and Agenda 21.

The American Empire (AE): I had published a link a little earlier to an article on the return of Syrian refugees to areas that war had moved on from. Scientists were surprised how soon life began to return to the areas of ash and pyroclastic flows of Mount St. Helens after the eruption. Human life can recover as quickly: Photos Of Aleppo Rising: Swimsuits, Concerts And Rebuilding In First Jihadi-Free Summer.

Canada Corner: Eat your hamburg with respect: Animal Rights Activists Yell About “Insulting” to Cows. Onward and upward in Canada’s housing market: HIGHEST JUNE MONTHLY RISE ON RECORD. And here’s another area where we rank highly: Greatest Fools? The Countries That Trust Their Government Most (And Least).

Goldman Sachs sees the Canadian housing market in not quite as dire terms as earlier reports here: Is Canada Really “In Serious Trouble”: Goldman Responds. It is not the case that borrowers are not as exposed to interest rate hikes as discussed in the past but that the banking sector can survive a large-scale default better than previously expected.

Bits and Pieces: I haven’t written much on socialism lately but here’s an EU update: On Europe’s Unsustainable Welfare State.

Tired of looking for Russians under every desk and coffee table and not finding them? Try this angle: Is Russiagate Really Hillarygate?.

A rather wonderful aspect of natural organization: Nature – Taking Care of the Elderly. We on the other hand, hunt them down and kill them.

The blind behavior of European authorities towards reporting and fighting Muslim crime has always puzzled me. Why haven’t the sheeple revolted? Perhaps Sweden is the worst example, and we read: Is Sweden A Failed State?

Bits and Pieces – 20170715, Saturday

Cyber Warfare: Maybe it wasn’t the Russians: New Research Shows Guccifer 2.0 Files Were Copied Locally – DNC Not “Hacked By Russians” and New Evidence Says DNC Hack an Inside Job, Not Russia Related.

WWIII: Turkey’s realignment continues: Turkey “Turns Away” From NATO, Buys Russian Advanced Missile System For $2.5 Billion. They still seem to be playing both sides. This article follows along the path of the ides that thew US was one of the initial proponents and supporters of the EU: Unite and Rule: EU As NATO’s Auxiliary Economic Alliance.

The American Empire (AE): All the more reason for the AE to install a puppet that they can control, in Damascus: The New Silk Road Will Go Through Syria.

Climate: Climate alarmists need not worry their pretty little heads: Nature Unbound IV – The 2400-year Bray cycle. Part A.

Worth a read although many of you already know this: Research Team Slams Global Warming Data In New Report: “Not Reality… Totally Inconsistent With Credible Temperature Data”.

Canada Corner: I see no way to correct this other than a broad reset: “Canada Is In Serious Trouble” Again, And This Time It’s For Real. Sorry to take away Justin’s punch bowl but: IMF Rings The Alarm On Canada’s Economy.

The only contexts that the following makes any sense is in terms of Islamic appeasement and extreme progressive posturing: Canada’s Multi-Million-Dollar Pay-Out To A ‘Foreign Terrorist Fighter’.

Bits and Pieces: A masterful player, knowing that he has the Europeans by the balls, squeezes again: France Agrees to Pay All Costs for Turkey to Sign Paris Climate Accord.

Here’s a question for you, if Catalonia votes successfully to succeed and a new civil war erupts, will the Luftwaffe intervene as it did in the last Spanish civil war: Catalonia to Move to Referendum October 1st to Break From Spain?

Trump continues to have problem with loyalists from the Obama administration embedded in the bureaucracy. It takes time to find and sack the thousands of people involved: Exclusive: DOJ let Russian lawyer into US before she met with Trump.

Keep in mind that these are the early days of the development of software of this nature: New Software Fakes Video Of Former US President Barack Obama. With Photoshop we gained the ability to manipulate still images to create new images that are indistinguishable from reality. Now we can no longer be assure that a video we see is a real image scenario. When voice synthesis reaches the same level we wil be t the point where all news must be treated as fake news – synthesized propaganda. Note to all governments: we are almost there.

Here’s an interesting note on the silence of the UN on human rights abuses in Venezuela. It lines up with a similar silence by Pope Francis which I have commented on in the past. The article also makes a connection with Agenda 21: Is This Why The UN Human Rights Council Is Silent As Venezuelans Die Oppressed Under Socialism?. Weaving into this theme is the following of which I’m confused. I thought that this brand of geopolitics was what our communist pope supports: Vatican Press Lashes Out At Catholic Trump Voters, Calls Steve Bannon “A Supporter Of Apocalyptic Geopolitics”.

Bits and Pieces – 20170709, Sunday

Commentary: We are now in Strathroy. I will be preoccupied for the next month with inside and outside jobs so will not be reporting much. I’ll start, however, with this one: Autonomous Future: Disruptive Forklifts, AGVs, and Battery Swapping Devices for Cars. Note the loss of 45% of manufacturing jobs by 2025. We have too many people for this future. It’s time to stop ALL immigration. Below are a few items that stood out

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