Tag Archives: money

Bits and Pieces – 20170314, Tuesday

Commentary: Last post I presented the idea that the left actively seeks a totalitarian state. Here’s an article that suggests that we may already be there: Welcome to Totalitarian America, President Trump! This idea might marry the narrative of the Deep State with a number of other narratives: the militarization of police forces; the large scale military exercises conducted in American cities in the last few years; the complete control over personal communications by the various branches of the intelligence community (NSA, CIA); the subjugation of the economic interests of the American people to those of Wall Street; and so on.

I had concluded years ago that democracy by its nature, is a phase in a cycle: democracy -> socialism -> totalitarianism ->  revolution -> democracy. The reason is that democracy allows politicians to promise and provide socialist entitlements in return for being elected and retaining self-rewarding (corruption in the extreme) power. As socialist programs pile up creating a socialist democracy, the cost of the socialist programs eventually reaches the point (we are there now – Ontario’s medical system; massive deficits and debt) where they must collapse with widespread civil unrest. This leads to repressive control of the population and suspension of constitutional and civil rights, and the democratic process. At this point the state has become totalitarian leading to the eventual emergence of resistance which for survival becomes increasingly militant and violent. Eventually revolution results. At this point democracy may seem the best option for the future  (we’ll do it right this time).

As a final note, I have an extensive commentary on money that emerged as I wrote this. It would be worth your while to rea and understand some of the issues around an asset that you think you have control over but don’t.

Understanding Money: Part 5 – It’s All Money

This part has been under pen for more than a year. This has given us time to reflect on and clarify our thoughts on money. The result is unconventional but has brought clarity to many issues for us. These will be explored in later essays on the Fed and quantitative easing (QE).

Understanding Money: Part 1 – Introduction

Money is one of the few fundamental creations or discoveries that has shaped human culture over several thousand years. It motivates and facilitates most of our daily activity. It has an apparent simplicity – everyone ‘knows’ what money is – but a surprising complexity when all its aspects are explored in depth.

Wikipedia defines money as “any object or record that is generally accepted as payment for goods and services and repayment of debts“. Wikipedia classifies three main types of money that have been used over time as commodity money, representative money, and fiat money. Further, it identifies three main functions of money, a medium of exchange, a unit of account, and a store of value, but notes that any kind of object or secure verifiable record that fulfills these functions can serve as money. In this part, we consider the common daily form that money takes, that of currency or cash, and what it means.

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