I’ve seen the statement that fiat is valuable because the government says you have to use it and has a monopoly on violence to enable them to require you to do so as well as requiring you to pay taxes with it repeated so many times it clearly must have been presented as one of the commandments of economics by one of the prophets.
I was having a scroll through crypto twitter yesterday when I came across this meme and had a good laugh at it – then it occurred to me that most people would have no idea what it was about or the significant truth that lies behind it. While Cyberpunks like to celebrate its supposed anarchist … Read more
It’s usually good form to wait until the set time elapses for a wager, but today Peachy is calling time a little bit early early, because the game has really been won from Timmo. End of summer means that Timmo has no real chance of claiming the prize.
Prime Minister Scott Morrison has ordered EZFKA into lockdown for a month, after NASA stated the Hubble space telescope had detected what appeared to be coronavirus on Proxima Centauri. The planet, located within the Alpha Centauri star system, displayed what appeared to be COVID fragments, sparking serious concerns among National Cabinet. Morrison said that Australians … Read more
Under the plan being drawn up, purchases of investment property and sizeable property portfolios would reflect a higher social credit score.
Following my “In Code We Trust” post from yesterday I had a rather robust and enjoyable conversation with Peachy and BJW in regards to various issues surrounding the legal case launched by Craig Wright (here after CSW) earlier this week. I don’t claim to know the outcome of the case, only tried to explain the … Read more
Jacinda Adrern seems set to make yet another thing “Not Her Responsibility” so she can blame someone else when it turns pear shaped.
Well, the supposed EZFKA-saving vaccines have arrived much to the delight of the AFR top 20 richest list. Apart from the usual photo-ops of saline in the shoulder from Scomo and co, questions over the vaccines still remain. Despite the booing at the Australian Open, dissenting views on vaccines have been unequivocally silenced, deplatformed or … Read more
From https://amp.abc.net.au/article/13180970:
Victorian Premier Daniel Andrews says he is prepared to rip up Crown Resorts’ licence to run its Melbourne casino if a newly announced royal commission recommends it.
https://amp.abc.net.au/article/13180970
A common prediction repeated in various Australian media organs and elsewhere, is that China will not and indeed cannot become a global “superpower”. While this argument takes many forms, it tends to revolve around the same theme that ‘liberty’, ‘democracy’, and ‘free markets’, however defined, are essential ingredients in achieving a stable, industrialsed power. This … Read more
I see the word Ponzi bandied about everywhere these days. Real Estate is a ponzi, crypto is a ponzi, fiat is the greatest ponzi of all. The debt ponzi. On and on. This seems to be based on a belief that all these things depend on a greater sucker coming along to pay you more … Read more
Update: Things seem to be working again.