Feb 1, 2022·edited Feb 1, 2022Liked by Mathew Crawford
Mathew, your substack was the first substack that I ever read, (heard about it on Darkhorse) many months ago, and I've been hooked since. I read many substacks, and your production of content is one of the slowest, but your content is the best. I find myself reading and rereading your articles. Plus your humor is top-notch.
I have a friend who decided not to take the vaccine after reading your substack articles last summer. After reading your analysis, he changed his mind he said.
"If there isn't an orchestrated endgame to this, will it be the pampered Mandarins who wind up most hurt?"
Well, starting something is easy. Starting something and nudging it in a general direction is doable. Starting something and directly controlling and micromanaging it to a specific well-defined goal is possible but resource intensive and difficult.
And doing all the above with close to 100% control is impossible - it would be like trying to control where every bullet, dronestrike or missile hits during war.
So the mandarins as you call them are (knowingly or unknowingly) playing reverse musical chairs: the first one to get up and run for the exit might make before the rest, but they also run the greatest risk of being apprehended and brought low on the way, while those who wait too long to run while be set upon by eachother and those they've been leeching off.
All animals who flock, pack, herd, or school act that way: all of them waiting for the rest to move first, and when that suddenly happens the whole shebang moves together as one. Investors, realtors, HR-managers, lawyers, and all the other white collar semi-parasitical work-from-home- Karen's of all genders knows it. And the academical parasitoids are even worse.
As to a financial system: ask king Ethelred how money stands up to power.
Feb 1, 2022·edited Feb 1, 2022Liked by Mathew Crawford
The planned end game is the great reset. I'd like to think the trucker strike is organic, but I've been posting for weeks in response to substackers worrying about war, that I expected supply chain would be next. First Australia, then Saskatchewan suffering Adblue shortages needed for diesel & fertilizer.
Then when GoFundMe released the truckers funds to the truckers, I knew.
You get a sense of this when Trudeau is so openly vilifying these people. He knows what's coming and will look like a hero when the planned starvation is blamed on the truckers and anti-vaxxers.
I have been collecting material for more China articles, but briefly...
China is in a similar position as the U.S., which is to say largely dominated by the same corporations, only more so because China was flattened in the opium wars and despite modern appearances, never recovered on a level of autonomous governance.
Thanks for the gold link to Edward's substack. That is quite an interesting turn of events. I recall reader Rickard's book (in 2019) and thinking, "Yeah, Russia just started down that predictable path," and wondered if they would be subject to some clever counterplay given the ease of predicting their moves years in advance.
Conservative play on foundational ground is good until the Matrix really starts shifting.
Jimmy Rogers is one of the few honest voices CNBC used to feature and favorite of mine in the 1980-90's. This interview from 2008 "America is Collapsing" is a nice flashback to what was permitted in terms of challenging the narrative and what was reasonably common knowledge in financial circles even then. If you haven't seen it his two cents is priceless.
I noticed many oil and gas companies are now self-funding future projects from free cash flow. Apparently ESG changes made it too hard to borrow capital.
However this is a good sign, meaning that the O&G industry won't be debt financed and will still be profitable.
Also coal usage is rising.
Changes in two fossil fuels that should make one start to question what's happening within the green energy movement.
It's kind of spammy that you keep posting your link everywhere. We can see that you write a substack and if we're interested we can already click that. Just something to consider.
I don't know where you are going. Certainly money are relative to terms of trade within some slip. The Canadian Dollar and US Dollar and Yuan-RMB are all relative. A supply shock in the form of a truck slowdown is distressing but I don't think fracturing. Franky, it is everyday folks not bankers that make the lives of trucks harsh with zero bathroom access, restricted food access and poor driving let alone the weather and input costs. But the longshoremen and trucks are just a way of pressuring China and making some Western domestic independence. A decouple. $10 Trillion is a big denominator though. Never catch a falling knife we say. Better to fall with it. But, I thought THIS knife would have hit the ground a decade ago which is quite a can kick. Anyhow, I don't know where all this is headed either. No doubt there are trust and arbitrariness issues. I think the comparison of Nazi Germany and post 2008 Canada break down though. I don't stay current with Canadian economics but the big difference between the USA and Canada post 2008 was the real estate policies and prices from what I know.
It's not backward---we're just describe two ends of the system. Yes, the demand for energy is a pull on the system which uses money as a unit of account to keep energy flowing toward the greatest demands, but that makes proof of energy/work the natural form of money.
"If you want to "cash in" your Bitcoin "investments" you need to convert them to another currency to have most types of real things allocated to you."
We could have said that about the Franc when the Gilder was the reserve currency. You could spend the Gilder in 90% of the world's ports, the Franc in a small fraction. That Bitcoin is not yet the reserve...just means that Bitcoin is not yet the reserve. That's all.
"Why use a huge amount of energy to generate a form of electronic money to then allocate other energy?"
Do you know the story of the rai stones?
You use energy to make something that is unforgible. That unforgible unit then circulates in the circulatory system of the grand machine that allocates resources.
"nations are never going to give up sovereignty of their currency"
That may come down to how we define a nation. Gresham's law suggests that if one currency is an improvement over all the rest, that will be the one horded, and lowering the velocity of capital increases the price relative to all others.
If you think Bitcoin is energy-intensive, then perhaps you haven't considered the possibility that the goal of each and every military is to protect its share of the monetary supply. Bitcoin is, by its nature, a solution to an optimization problem that requires less energy rather than more.
Mathew, your substack was the first substack that I ever read, (heard about it on Darkhorse) many months ago, and I've been hooked since. I read many substacks, and your production of content is one of the slowest, but your content is the best. I find myself reading and rereading your articles. Plus your humor is top-notch.
Thanks for all your hard work.
I could not agree more. I feel like I've been educated, not just entertained.
I have a friend who decided not to take the vaccine after reading your substack articles last summer. After reading your analysis, he changed his mind he said.
Hear! Hear! 🌟🔥
"If there isn't an orchestrated endgame to this, will it be the pampered Mandarins who wind up most hurt?"
Well, starting something is easy. Starting something and nudging it in a general direction is doable. Starting something and directly controlling and micromanaging it to a specific well-defined goal is possible but resource intensive and difficult.
And doing all the above with close to 100% control is impossible - it would be like trying to control where every bullet, dronestrike or missile hits during war.
So the mandarins as you call them are (knowingly or unknowingly) playing reverse musical chairs: the first one to get up and run for the exit might make before the rest, but they also run the greatest risk of being apprehended and brought low on the way, while those who wait too long to run while be set upon by eachother and those they've been leeching off.
All animals who flock, pack, herd, or school act that way: all of them waiting for the rest to move first, and when that suddenly happens the whole shebang moves together as one. Investors, realtors, HR-managers, lawyers, and all the other white collar semi-parasitical work-from-home- Karen's of all genders knows it. And the academical parasitoids are even worse.
As to a financial system: ask king Ethelred how money stands up to power.
The planned end game is the great reset. I'd like to think the trucker strike is organic, but I've been posting for weeks in response to substackers worrying about war, that I expected supply chain would be next. First Australia, then Saskatchewan suffering Adblue shortages needed for diesel & fertilizer.
Then when GoFundMe released the truckers funds to the truckers, I knew.
You get a sense of this when Trudeau is so openly vilifying these people. He knows what's coming and will look like a hero when the planned starvation is blamed on the truckers and anti-vaxxers.
Russia is dumping gold https://edwardslavsquat.substack.com/p/russias-gold-is-being-robbed
And the reason why Germany had hyperinflation was because of the British, first blockades and then after the war the dumb reparations.
It was set up.
I'd love to hear about China, they confuse me sometimes, allowing anti nationalist people be billionaires... That's our job !
I have been collecting material for more China articles, but briefly...
China is in a similar position as the U.S., which is to say largely dominated by the same corporations, only more so because China was flattened in the opium wars and despite modern appearances, never recovered on a level of autonomous governance.
Thanks for the gold link to Edward's substack. That is quite an interesting turn of events. I recall reader Rickard's book (in 2019) and thinking, "Yeah, Russia just started down that predictable path," and wondered if they would be subject to some clever counterplay given the ease of predicting their moves years in advance.
Conservative play on foundational ground is good until the Matrix really starts shifting.
Jimmy Rogers is one of the few honest voices CNBC used to feature and favorite of mine in the 1980-90's. This interview from 2008 "America is Collapsing" is a nice flashback to what was permitted in terms of challenging the narrative and what was reasonably common knowledge in financial circles even then. If you haven't seen it his two cents is priceless.
https://www.youtube.com/watch?v=MyuR0rpwHuQ
Very informative video. Thank you for posting the link.
Always my pleasure, knowledge is power that multiplies when we pass it on.
Lucky us! :~)
I noticed many oil and gas companies are now self-funding future projects from free cash flow. Apparently ESG changes made it too hard to borrow capital.
However this is a good sign, meaning that the O&G industry won't be debt financed and will still be profitable.
Also coal usage is rising.
Changes in two fossil fuels that should make one start to question what's happening within the green energy movement.
Thanks for making me consider the financial motivations behind everything again. I've thought about it briefly but not enough!
https://nakedemperor.substack.com/
It's kind of spammy that you keep posting your link everywhere. We can see that you write a substack and if we're interested we can already click that. Just something to consider.
Ha ha yeah sorry, I just do it automatically. Must stop!
Thanks! xo
Definitely not trying to make a statement or anything, but those ants look like Hajj pilgrims walking around the Kaaba.
I don't know where you are going. Certainly money are relative to terms of trade within some slip. The Canadian Dollar and US Dollar and Yuan-RMB are all relative. A supply shock in the form of a truck slowdown is distressing but I don't think fracturing. Franky, it is everyday folks not bankers that make the lives of trucks harsh with zero bathroom access, restricted food access and poor driving let alone the weather and input costs. But the longshoremen and trucks are just a way of pressuring China and making some Western domestic independence. A decouple. $10 Trillion is a big denominator though. Never catch a falling knife we say. Better to fall with it. But, I thought THIS knife would have hit the ground a decade ago which is quite a can kick. Anyhow, I don't know where all this is headed either. No doubt there are trust and arbitrariness issues. I think the comparison of Nazi Germany and post 2008 Canada break down though. I don't stay current with Canadian economics but the big difference between the USA and Canada post 2008 was the real estate policies and prices from what I know.
Pruritus genital. Definitely.
Though you claim to not know where the x-dimensional chess match is going next
I'd imagine that by now you've gleaned their desired endpoint and stasis
which then only requires working backward through the sequential steps or stages needed to arrive there
and alternates to any one of those which they might consider as acceptable waypoints
I like how and where you've brought this so far 😀👍
and the tone is engaging 🤓
Thanks bud❗
Ernst Wolff's take on near future (ingeneered collapse of financial systems and fiat currencies):
https://youtu.be/W6HtPufV_ok
https://youtu.be/BNlCJD9RkEc
Who owns the world?
https://rumble.com/vmyx1n-monopoly-who-owns-the-world-documentary-by-tim-gielen.html
Yes, money is proof of energy/work. That is part of the story of Bitcoin, in fact.
It's not backward---we're just describe two ends of the system. Yes, the demand for energy is a pull on the system which uses money as a unit of account to keep energy flowing toward the greatest demands, but that makes proof of energy/work the natural form of money.
"If you want to "cash in" your Bitcoin "investments" you need to convert them to another currency to have most types of real things allocated to you."
We could have said that about the Franc when the Gilder was the reserve currency. You could spend the Gilder in 90% of the world's ports, the Franc in a small fraction. That Bitcoin is not yet the reserve...just means that Bitcoin is not yet the reserve. That's all.
"Why use a huge amount of energy to generate a form of electronic money to then allocate other energy?"
Do you know the story of the rai stones?
You use energy to make something that is unforgible. That unforgible unit then circulates in the circulatory system of the grand machine that allocates resources.
"nations are never going to give up sovereignty of their currency"
That may come down to how we define a nation. Gresham's law suggests that if one currency is an improvement over all the rest, that will be the one horded, and lowering the velocity of capital increases the price relative to all others.
If you think Bitcoin is energy-intensive, then perhaps you haven't considered the possibility that the goal of each and every military is to protect its share of the monetary supply. Bitcoin is, by its nature, a solution to an optimization problem that requires less energy rather than more.
100%!! Another good resource on this https://surplusenergyeconomics.wordpress.com/
https://www.researchgate.net/publication/223632694_The_new_entropy_law_and_the_economic_process