Don’t let the title fool you, however, I spend a good part of the first 30 minutes going over in detail why I’m not a Bitcoin Maximalist. It’s a deeper argument than just Bitcoin, however. It’s more of a philosophical discussion as to why I’m not an Anything Maximalist.
Cycles dominate our lives. The Law of Diminishing Marginal Utility governs all of our behavior, including the use of money… especially the use of money and our perception of any particular commodity for use as money.
Only from that consistent philosophical framework can we put into context the order in which events are likely to shake out over time. Those that reject out of hand my arguments here are caught in the throes of a left-brain possessed purity spiral based on false assumptions and faulty logic.
I may be wrong about a great number of the ideas I present in talks like these, but the purpose of bringing them up isn’t to assert how right I am about anything, it is to challenge assumptions, check premises and figure out where our previous analyses were both RIGHT and WRONG.
All I can do is assess the information I ingest to the best of my ability and remain as humble as possible in the face of it. It’s all any of us can do. When we lost that humility is when we begin walking down that dangerous path that George Lucas called ‘The Dark Side’ manifesting in self-righteousness bordering on psychopathy.
And that’s what the real danger of the Davos Crowd represents and what we have to resist falling into on any subject as we push through this insane period of history.
Join My Patreon if you consent to be humble
Russian is essentially admitting it’s objective is to take the coastline of Ukraine: https://sguru.org/buy-groceries-with-bitcoins/#:~:text=Can%20I%20Buy%20Groceries%20with%20Bitcoins%3F%201%20Whole,at%20your%20doorstep.%20…%204%20Mission%20Marke.%20
They are in for the long haul. Maybe the central north of the country will become a DMZ and every bridge over the Dneiper will have international and Russian inspectors to make sure no missile components or plutonium cores come over the river in vehicles trunks.
There is going to be an international shitstorm when this war is over and the collective west has to admit to a giant loss. If we are being serious, the totally detached from reality western media behaving as if Ukraine is winning is probably doing so to keep big players from jumping ship on the Great Reset while the internal western financial war heats up between the globalists and the fed.
Another good point for those concerned about nuclear war is that if there are high level NATO advisors in the AzovStal underground, with Russian armed forces taking control of the main control building of AzovStal and sealing off the underground from escape, those military advisors are now effectively Russian POWs awaiting transport to a more permanent facility. Russia can offer, as they may have already in regards to Bucha and western media admitting the chemical weapons drumbeat was false, to give NATO officers in AzovStal back at the end of the conflict in exchange for no false flags. Keep in mind they have also shown that Kinzhals can penetrate nuclear hardened deep shelters so if they were willing to accept much complaining over deaths of Azov battalion’s civilian hostages they could kill everyone in AzovStal right now with a barrage.
Thanks Tom. Enjoyed tremendously. The explanation of repo/reverse repo/LIBOR/SOFR was a good refreshment and highly informative. Learned really a bunch from you. Increase of reverse repo rate by Powell last summer was the turning point and declaration of war against Davos it seems (as you have stated). SOFR getting finally full steam this year also made US commercial banking independent from Davos banking cartel. The survival instinct of US banking cartel made them to break links with those Euro thrash Bolshevik nuts finally may lead to the survival of the world. Without the US firmly subjugated, there is no chance Davos can take control of the world. Russia and China do not play to their tune either. This is why Davos wants to create a world war which may eventually lead to nuclear destruction. Seems to me that this was their Plan B from the beginning. Possibly the thinking is to let both US and Russia/China destroy each other by a nuclear war, while decimating 3/4 of the population which fits their depopulation agenda. They hope to become the overlords the hard way ot of the ashes. Today Russian Defense Minister has stated that the west is planning a nuclear false flag to blame Russia for using tactical nuclear weapons. Here we go.
Blockchain and bitcoin are just wonderful images created by marketing. There is no future for this from a technical point of view. If you have no knowledge in this area, you will never know reality.
Blockchain is the name of a repository in bitcoin (or another crypt). All the magical properties of the blockchain are provided within the bitcoin system. The blockchain cannot exist separately.
Bitcoin has a lot of problems that make its mass use impossible. There are no solutions to these problems. For example, limited scalability, high transaction cost.
Some kind of mass insanity. Or rather, a new normality. Considering similar obsessions about AI and other “magic” technologies.
The JP Morgan vs Davos agenda theory certainly sounds intriguing, but does Dimon have enough power to go against the likes of Goldman, Blackrock and the city of London? Or will they simply be taken out a la a Lehman Brothers redux? I think they’ll need more allies than the banking lobby to win out…maybe Elon is in on it by flanking their propaganda arm. I still feel like they are out gunned in this war.
I’d argue that Dimon is a Davosian, and perfectly happy to sacrifice JPMorgan for a seat at the Global Banking Council top table.
Indeed if he hadn’t been, they never would have recruited/installed him.
Elon Musk looks like he’s been asked to foist Tesla (in reality just a dollar heatsink masquerading as a car company) off on some greater fools before it is competed to death, and move into data mining Twitter users for the USG?
From money launderer to government snitch.
You said this eighteen months ago. I gave you counter arguments. I’ve added to those counter arguments, you restate the same position.
This blog is your power bong hit to advance your ideas rather than engage beyond the “davos is all powerful” therefore….
Asserting that you don’t think Dimon will sacrifice JPMorgan is not a counter argument.
And asserting that I must be wrong because if I’m right it will all be rather unpleasant, that’s not a counter-argument either.
But here we are 18 months later and the Davosians don’t seem to be losing – they crippled Trump’s Presidency, stole the US election and installed a dementia patient, wargamed and delivered a global pandemic, and neuralyzed most of my friends into taking experimental gene therapies and thinking that anyone who opposed being locked in their house for two years was a dangerous conspiracy theorist. And are now on the brink of imposing global online censorship and outlawing private crypto.
Oh and they have started a war in the heartland with a nuclear-armed Russia.
They’re not losing Tom. They’re winning.
When the facts change, you’re supposed to change your mind.
P.S – Davos aren’t “all-powerful”. They’ve just won this one, that’s all.
You constantly argue this and that without providing a single shred of evidence. Are we supposed to believe your ramblings?
No, you’re not.
You’re supposed to weigh them for yourself using what you know or suspect to be true, and then decide whether my (or Tom’s) theories and assertions can be supported by demonstrable facts and events.
I would argue that given what we think the Davosians are trying to achieve (and you might disagree with what that is), they seem to be making considerable headway?
My guess is that most of the people you know are a brief crisis event away from begging for the Great Reset in all its glory.
Digital IDs, universal basic income, private crypto outlawed, online censorship – they would accept the removal of their essential liberties in exchange for a little safety (and yet will get neither). Indeed millions of our countrymen have spent the last two years demonstrating how large their appetite for tyranny has become?
My claim is that this appetite has been deliberately sharpened.
I tend to agree – Dimon is no white knight, and doubt he will be a foil to the Davos plan – although I don’t discount Tom’s theory that the broader commercial lobby may not go along. Re: Musk, there’s an interesting PR documentary he released on Netflix – basically he is cheerleading that we have to fuse with AI and move off planet to save human consciousness. Bio meat suits are a thing of the past. So he is a Davos man for sure! Although he plays good cop to Schwab’s bad cop routine, meant to make us think how awesome it will be for us to travel to Mars as battle star galatica cyborgs.
BINGO CHICKEN DINNER WE HAVE A WINNER
Must just bought Twitter today $44B, most interesting is to use it for login, & post, you must use real-id with GEO tracking, so hell yes, this purchase is worth 1/2 a trillion to CIA-NSA no problem, and Musk can pull it off so that suckers will sign up like fly’s on feces.
Just know that Musk’s biz partner for life is Peter Thiel, human vampire and Paypal founder with MUSK; Today Thiel run’s Palintir & Clearview, #1 CIA contractors for world-gov; Palintir is pre-crime, and Clearview marks face for live/die and is used everywhere people are killed on earth; Thiel got the data by being FACEBOOK #1 investor, and getting unlimited access to faces from FB, & instagram, that he used to tag everybody in Russia & China.
Both are into ‘parabiosys’ which is vampirism, most telling is SHANGHAI write now locked down and Beijing, funny thing the only BIZ that isn’t shutdown is TESLA in Shanghai. Why? Because they run 24/7/365 slave labor don’t go home sleep on site, quarantine center, and source their food by flight outside of China; Most telling is this return to UK/USA child labor thingy where you are born&die at the ‘factory’. China can do this shit because they have absolute power, the fact that TESLA is their ‘canary-in-the-coalmine’ should tell any of you that MUSK is god’s chosen son ( of a bitch );
Truth is Musk’s granny is from cecile-rhodes south-african zionism, so he is a blood blood by birth.
Isn’t rippled pegged to the US dollar and only have 3% real cash
So if there is redemption collapse, only the first 3 in a 100 bag-holders get out alive
The volatility of XRP is like -+40% on a year basis, that’s not a safe means of doing a SWIFT transfer
Only really has a 4 year history, and the SEC even makes it more volatile
You might want to say in the future that you “fortuitously” didn’t go for your doctorate in Chemistry: (hehe)
UCLA Pulls Ad For ‘Unpaid’ Professor Job Amid Backlash
The job posting for an assistant adjunct professor at the University of California, Los Angeles, set high expectations for candidates: A Ph.D. in chemistry or biochemistry, a strong teaching record at the college level, and three to five letters of recommendation.
“Applicants must understand there will be no compensation for this position.”
Eric Weinstein does a very good job of explaining what caused this and makes a bit of a grievance out it:
How and Why Government, Universities, and Industry Create Domestic Labor Shortages of Scientists and High-Tech Workers
I don’t quite agree with Weinstein that scientists are a grievance group. If money, financial security and locating oneself permanently were the objective one could have always chosen a finance career verses a scientific one.
However, I think the real damage that was done was to the US education system, which is now incapable of producing the scientists engineers required to staff industries should the US ever decide to reindustrialize. But it makes sense, if the industries were going abroad, because “money goes to where it is treated best”, why pour money into an educational system of a service sector country that does not need such knowledge workers?
Anyway, I think your transition away from the bench is part of growing phenomenon , where displaced traditional science / knowledge professionals, crossover and begin taking a hard look at the flimsy overall narratives that are driving our society. Steve McIntyre of Climate Audit is another…and Glen Greenwald won’t publish anything that won’t hold up in a court of law, based on his legal training, etc.
That was excellent Tom. For those of us who are not that financially savvy, this is more helpful than you realize. I’ve been able to “cut out a lot of the noise”, as you said, and your statements give me higher confidence that I’m thinking about things correctly – or at least in the right direction.
In some of your interviews you mentioned this documentary:
Princes of the Yen | Documentary Film
I just found this follow-up piece about what the results of that forced restructuring were, from Fortune:
Japan once celebrated a cheap yen. Now, the worst currency crash in 20 years is causing widespread panic
The sudden surge in the value of the yen—known in Japan as the endaka shokku or strong yen shock—forced a radical restructuring of Japan’s economy. To survive, many of the nation’s largest manufacturers, including in the automobile and electronics industries, shifted large swaths of their production processes overseas.
Exports now make up only about 15% of Japan’s economy—the smallest contribution to GDP of all nations in the Organization of Economic Cooperation and Development except for the U.S.
I just don’t see what the United States & Europe are going to do about Japan as they/we have entered Obama’s 4th Industrial Revolution and don’t make anything either? Or how the Western bloc is going to have any say in the future of globalization?
And it seems what you are Martin Armstrong predicted about dollars shifting back to the United States is quickly happening: “When investors can make more money by investing in American bonds…rather than bonds in Japan, they shift money from Japan to the U.S.”.
So Japan may be a bellwether / “canary in the coal mine” regarding the fate of the US financialized empire?
The only thing I didn’t understand in that article is what economic force is allowing Japan to be avoid the inflation (0.8%, <2%) that the rest of the world is mired in? It seems impossible as their debt to GDP ratio is nearing 300% and they are still pursuing a policy of QE.
Japan is the prime example which shows that QE is an extremely destructive deflationary force, has zero inflationary potential, and the general state of the Japanese economy proves beyond a shadow of a doubt that Keynes was right about deflation vs inflation.
I would always like to simulate this is some very simple way. I keep thinking about how to alter the game of Monopoly to duplicate it. Like introducing bankers who have the ability to print money at will. And that would start to raise questions like: is it the guy who owns all of the properties in the end who wins or the one with the most paper money? Would the game get perverted to the point where no one cared about the properties anymore? Would it come down to just making huge bets about what property a player landed on next? I think the world economy is really at this point. IMHO
Yeah, we are probably at the final stages of extreme cannibalization of the rentiers by the rentiers. I personally find it extremely funny, but I don’t have any debt, so I can afford to.
I dont think it is correct to say bitcoin miners are net sellers. They buy their bitcoins using energy (hasrate). They didnt get these token at no cost. whereas masternodes do get theirs at no cost. The net sellers are the masternodes
When I look at the Davosian plan I see a technogulag in-waiting – a Frankenstein Complex of digital IDs, public crypto, biometrics, conditional debt forgiveness, punitive climate change taxes, MMT, online censorship and social credit scoring. Quite obviously and unapologetically, it’s Schwab’s Fourth Industrial Revolution.
It’s clearly ready to be galvanised into life, and for some time the Davosians have been harvesting energy from waves of confected world events. A major crisis event (like a cyberattack on the global financial system, for example) would be the lightning strike on the clock tower, providing them with the final 1.21 Gigawatts they need to jolt it awake.
I don’t believe this can be prevented.
But like Frankenstein’s monster, the technogulag will be a lumbering and meta-stable communist behemoth, and eminently avoidable for the nimble.
I’m interested in learning how to remain ungovernable once inside it.
Because if I can’t have a bank account or mortgage, or buy groceries, healthcare or car insurance without a digital ID, my freedom to say no will be severely compromised.
So………should we talk about that?
No comment about the election results in France? You thought Le Pen was the fall gal for the WEF, allowing Macron to escape in order to rule another day after the great collapse. At one point around 2017, I thought perhaps Trump was chosen for that role in the USA and the cabal was going to pull the rug out from under us then. That view was clearly wrong, Trump was a threat to them (even if just a minor one who couldn’t be completely controlled), just like Le Pen was now. The cabal is still fighting for its life, and it doesn’t look like they are going to win. Russia and the East has put them on their heels. To me, the not so shocking result is that Europeans for the most part still deserve to be culled. How many more chances do you think Europeans deserve to save themselves? Nah, is better to starve as long as you aren’t “racist” and “homo/transphobic” while starving.
Yeah.. that was another of Ivor’s howlers. They cheated themselves to a fall of the French 5th republic to put Macron back in power.
Retarded. The best thing to do now is ignore him
Ivor, go start your own blog.
Yep got that one wrong.
I sincerely hope that Tom is right, because I can probably recover from being a retard.
But I’ll want to see something a bit more convincing than the defeat of a single globalist before writing them off.
Everybody said Rothschild wouldn’t/couldn’t let their boy lose; Should have listened.
Trump has gone full retard in recent days about how he would have already nuked Putin; Trump is damaged goods, and now trys to be more hawkish than senile Biden;
Like Orlov says “Every dying empire is ran by old people who refuse to give up power”, somebody ban office for anybody over 65, world-wide; Really tiring watching these +90 year olds run the world.
Yes, they painted LePen with UGLY-UGLY, but most say the problem was the conservative candidate tossed the bone to Macron, sort like what Ron Paul did long ago;
France will continue to rot from within and rage will escalate;
These globalists have ran the world since 1795, and owned wash-dc since 1871, the only close call was Smedly Butler in 1933 ( bonus boys ), there never has been the slightest odds of them losing power;
When I was young a relation by marriage whose grand-pa was a billionaire asked me I wanted to invest in their family UK ‘Annuity’ that had been running since 1700’s, and said they plan out 2-3 generations so that elite children can stay in power; The annuity for this guys family was $100k a year fixed to inflation, for every family member into perpetuity, meaning every child he ever had, or his children had would get the cost of living increase; They also got $1M at 21 to do as they wished. Most started their own businesses and failed.
Are these people going to lose power? No fucking way; I will give one mention on who these people were, they were name “Green” great grandpa owned all the steamers that went to Alaska during the 1890’s gold-rush out of Seattle, in the 1980’s they held monopoly position in every NW company stock, and they owned $100’s of millions of share in Microsoft; Which they bought pre IPO; $10’s of Billions held in UK trusts, funds not even in their name, that’s how they do it in their world;
Like they always say “All wars are banker wars”, most people don’t even stop to think that there are people paid to plan out 2-3 or more generations.
I didn’t invest in the fund, I thought at the time, it was silly; I always thought kids had to work and build, most kids that I know handed cash without working, became like Hunter Biden.
“Are these people going to lose power? No fucking way…”
They could easily lose power. Bill Gates, at the time the richest man in the world, got three pies in the face…in succession. That’s really how easy it is. Remember what Michael said to Tom in GF2 — “Tom, you know you surprise me. If anything in this life is certain, if history has taught us anything, it’s that you can kill anyone.”
People got to Julius Caesar, ffs. The inbred limp wrists running the world since the late 18th Century haven’t even been close to good enough to be Julius Caesar’s taint.
Always great insights, Tom, but I try to imagine the brain trust of the 18th Century trying to make heads or tails of all this. It reminds me of the scene in THX1138 where the prisoners/asylum members are in deep intellectual discourse around a table in an endless white room, consumed with the search for truth rather than escape. I am firmly in the camp of Hanlon’s razor and, like you, life cycles. Folks, we are in a human algae bloom; a mass, Tower of Babel” psychotic event, and nature will deal with it.
In emergency medicine patient assessment, the “Gone-to-shit” razor is, when things spin out of control and don’t make sense, go back to the basics and start over. You know the drill here. Move to the country, arm yourself, learn the local politics, food, gardening, up your skills, vigilance, family, learn contentment, etc, Still, everything is iffy at this point. The die off could be slow or fast. So why am I posting this? Am I just looking back in horror at the slow natives? I honestly don’t know.
Yes I think that’s right – even if Tom is right and the Davosians fail to implement a working technogulag, the mess they will make just by failing is likely to be very dramatic.
And sadly I think it’s too late in the game for most people to move to the country and learn all the required skills etc.
But as such a crisis is likely to only last a few months, I’m not sure that’s necessary anyway – just making sure you have enough food and water and fuel to manage even if your home was filled with desperate friends and family (remember – turning someone away at the door doesn’t lose you a friend but makes you an enemy), and then have some spare for bartering etc.
Gimmicky long-lasting rations can be ignored – if we have a crisis that lasts a decade we’ll all be on The Road, or living in a Book of Eli hellscape.
Just get yourself 90 days of tinned food and stored water and tuck it away in the cupboards/spare room/attic.
If by some miracle no crisis happens, you’ll just have saved some money as food prices will certainly inflate quite hard soon.
But don’t delay – do it R. F. N.
P.S – Forget growing enough food too. Most people don’t have the space or the time to develop the farming skills, and one bad crop will leave you desperate. Just get yourself down to Costco toot sweet, and in a month you’ll be all set. And maybe get a nice quiet lithium-ion generator with a few solar panels. The Bluetti AC50 is good.
I see ECB leech Panetta is out threatening private crypto again – I’m not sure how many more warnings HODLers will get before their precious is outlawed.
And yes I’m aware that moving coins between cryptopaths can’t be prevented, but outlawing Bitcoin won’t exactly drive mainstream adoption of it, especially once public crypto is a lawful alternative (and those adopting it get paid a universal basic income by the Davosians)?
And Fidelity is adding btc to their retirement accounts.
——flash forward six months——–
“Dear Valued Fidelity Client,
As a holder of private crypto assets, you are no doubt aware of the decision yesterday by the newly-formed Global Currency Council to outlaw all holding and trading of private cryptocurrency, from the 31st December.
But we here at Fidelity believe very strongly in the principles that underpin private crypto, so intend to fight this decision to the death.
With cutlasses held between our teeth.”
If you believe that, may I send you our latest brochure?
“Bridges for Discerning Mustachioed Gentlemen”
Dood, you’re just a bitter little troll at this point, who can’t stand being wrong and will just happily make bad arguments in public because you can’t see anything else.
I’ve told you many times, leave, go get therapy, spend some time looking up left-brain possession (you are the poster child for it) and get back into nature.
Honestly, this type of obsession with proving me wrong is unhealthy for you and it speaks to something far darker.
I’m done and out. My sympathy for you is done. You have nothing to add to the conversation other than cynicism and negation.
The ultimate narcissist.
oh … and to help you get over your Tom addiction. I’ll be junking all of your future comments.
This isn’t a free speech site. Have a good life and get the fuck out of Europe.
Good choice, this guy is incredibly useless.
I should have done it a year ago. Ivor is using my platform to poison discussion to serve his own fantastic ego. Pathetic.
Finally Tom. He was a vicious troll. Under every article he was putting at least four-five comments. Just to negate, confuse and spam. Repeating the same ad libitum without offering any evidence of his ramblings whatsoever. Good riddance. We need intelligent debate and clever opposition here.
On a more serious note, since you have mentioned The Princes of the Yen, it seems to me you are failing to take into account one of professor Werner’s main lines of thought, namely the fact that a major target of the cabal is German regional banking and SME sector, and has been so for decades. They are utilizing the crisis to push this plan probably decades ahead of schedule. One more battlefield you may not have considered.
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