Anaximander

Anti-reductionist

[Anaximander @thisisandisnot]

Plus ça Change... https://t.co/yUkYxsZDQj Learn from history or be a victim #inflation #financialrepression #devaluation #default #Baudelaire #vampire

[Anaximander @thisisandisnot]

@mnicoletos @SantiagoAuFund Michael, have you ever visited the “Rust Belt” USA? Exporting oil, gas, soybeans, etc just to import high-value manufacturing from Asia, and settle the difference by selling off your assets (including gold) is not a win. It’s emerging market economics. “Let them eat dollars”.

[Anaximander @thisisandisnot]

@matthewstoller Someday you may, like Brandeis, study the monopoly of money, and its origin in 1913, as fervently as you dig into private equity and so forth. Until it’s fixed, things will only continue to get worse. The current trajectory was set in 1913, and went exponential in 1971.

[Anaximander @thisisandisnot]

@ErikVoorhees It’s even worse than that. The bills, which are backed by nothing, say “Federal Reserve Note”. The currency is just a claim on a private banking cartel that was given a monopoly on money printing by Congress, which cannot delegate its Constitutional authority to coin money.

[Anaximander @thisisandisnot]

@j0hnwang Bucket shops are not a new idea. They are a very old one.

[Anaximander @thisisandisnot]

@rcwhalen @YahooFinance @Citi @jpmorgan Taxpayers prepay via 2 decades of 0% interest on deposits at banks in a world of 8-10% monetary debasement, and via emergency Fed “liquidity” measures (BTFP and every other euphemism for money printing). They pay every day via inflation they are systematically gaslighted about.

[Anaximander @thisisandisnot]

@duediligenceguy The upcoming IPOs have no cash flow either. Rather, negative.

[Anaximander @thisisandisnot]

@LawrenceLepard @LynAldenContact Grow real GDP officially at 2% (overstated by fake inflation data) — & only by running a deficit of 5%. Meaning, the private sector is actually shrinking every year. And somehow expect to service debt at 3.5x GDP at refinancing rates also rising to 3x the GDP growth rate.

[Anaximander @thisisandisnot]

@Jamie1Coutts Asset registries are the most tyrannical aspect of any similar ideas. The elimination of alloidal property. Governments in the West have failed so miserably, they do not deserve any more power over human beings.

[Anaximander @thisisandisnot]

@biancoresearch This economic chart says it all. https://t.co/7q95RdlyTq

[Anaximander @thisisandisnot]

The Silent Depression in one chart. Now approaching the length of the Long Depression, yet the words “depression” and “long” have been banned from the lexicon.

[Anaximander @thisisandisnot]

@imetatronink @adamtaggart Adam, please read some Thomas Hobbes. The US chose to repudiate its own stories to (naively, poorly, and in a machismo way) play realpolitik. Now realpolitik has been found. It’s just not what you thought. It’s not just an aesthetic. Reality is, unfortunately, a bitch.

[Anaximander @thisisandisnot]

The Silent Depression in one chart. Now approaching the length of the Long Depression, yet the words “depression” and “long” have been banned from the lexicon.

[Anaximander @thisisandisnot]

@LukeGromen @MacleodFinance And yet they are starting wars in the ME to *keep* this system in place. Since Deng took the helm in 1978, China’s annual trade surplus converted into gold aggregates to the equivalent to 75% of all the gold ever mined in history. US is committing suicide by dollar imperialism.

[Anaximander @thisisandisnot]

@profplum99 You would be more credible if you applied the same logic to equivalently-weaponized dollar swap lines, financial system, alliances, rule of law, and free markets. Maybe I missed your post about the “Historic Mistake” of abusing the above, how it will only drive the world away.

[Anaximander @thisisandisnot]

@KingKong9888 Converting China’s annual trade surplus from Deng onward into gold comes out to around 75% of the global above ground supply. Regardless of data issues, it’s clear they hold several times more than anyone else. Dollar apologists want it to go all the way to 10x I guess. Self own.

[Anaximander @thisisandisnot]

@TheMichaelEvery Attacking the Persian Gulf sounds, to me, a little different than defending the North Atlantic. What is this, the Don Pangea Doctrine?

[Anaximander @thisisandisnot]

@SamanthaLaDuc The purists who insist that repo and other ST interventionism isn’t QE, just “liquidity” to support a made up “policy rate”, are gonna have to update their priors when nearly all treasury debt is managed this way. Both “quantitative” and “easing”, but somehow to them not “QE”.

[Anaximander @thisisandisnot]

@BickerinBrattle @WarrenPies @nickgiva1 I dont waste much time listening to politicians, but in his Hoover interview the tell was the use of “emergency” to justify QE. Problem is, all recessions are defined as emergencies. Same for all money market stresses. FED B/S has been growing since last fall. All liers. Just BS.

[Anaximander @thisisandisnot]

The Spanish Empire at the height of its profligacy was forced to turn to Genoese bankers for financing. Principal was in a stable gold standard, and it was secured by routing ships of silver directly to Genoa from the Americas. A more profligate West today is mostly out of metal.

[Anaximander @thisisandisnot]

@ctindale The American people do not deserve an independent central bank. They deserve a society free from the tyranny and oppression of central banking. They were smart enough to realize this from 1836-1913, which resulted in an economic miracle.

[Anaximander @thisisandisnot]

@Goeun_6121 Almost noone is positioned for the regime change. Still. It’s going to hurt. Not only via rates, but also via currencies.