Somehow, whatever you did, ending on the Sybarites was so spectacularly on point in a deeply historical, even subconscious level. History repeating over and over ad infinitum, it seems. The behemoths of today assured of their inevitable victory have a shock coming. As we pull the veil apart and their machinations come to light, there's that hissing sound of snakes in the dark as a rock is lifted.
Mar 16, 2023·edited Mar 16, 2023Liked by Mathew Crawford
It is difficult to recognise history if you don't know any. That is why it needed to be replaced by gender studies.
I am reading in various formats the Roman Civil War period- Marius, Pompey, Caesar- and am not surprised at the resemblance to the current US politics. Remember that things actually do happen faster than they did 2100 years ago. I did not know the story of Sybaris or that Pythagorus started there. A delightful outcome. Sadly I find myself resident in Sybaris, or at least an adjacent vassal state. Happily I am too old to join the infantry.
The SVB risk manager reminds me of AOC and the US VP. The VP appears to be Mr. Biden's defence against impeachment or the Caesar treatment.
I wonder how much of SVB's downfall was connected to SBF's crypto and hedge fund mini-empire. Many of the same players seem to have been involved, and have abandoned the sinking ship last week.
With no knowledge of or prejudice toward the "First Lady of California" (cue the Beach Boys) she looks a little young for the job. However, in comparing Gov. Newsom to the czar of a similar state (by population), with the recent revelations of Justin Trudeau's $2.3 Million non-disclosure arrangement, I keep recalling the comment "For Justin, 14-18 is middle-aged."
Who will rebuild it? An idea has been kicking around in the back of my mind for several years, that that is a degree of chaos, that could be introduced into our system of civilization that would make recovery impossible.
Who will attend to their "virtual job" when it's no longer possible to purchase any thing with money? Once that happens, it's game over.
We'd be could be reduced to bands of people trying to scrape by off the land. But most of us modern slobs would fail miserably. (which would likely result in violence)
I think prior generations were more resilient, because their technology was more "repeatable". A group of people could for the most part move to a new location, start farming/hunting, building their huts etc.
I don't think the "elites" want this kind of total mayhem though. It seems like there is some kind of plan in place to shake us down to a certain point then sweep in with some solution (owning nothing and being happy?)? Will they be able to manage that as well as they imagine though?
Maybe we'll improve, I'm just saying I think there may be a theoretical breaking point that we can't rebound from.
Our massive population relies on a functioning civilization, with all it's technology, energy sources and transporation capabilies. If the system dissolves, there won't be enough to go around and people will resort to violence which will make things worse.
Humans have rebounded from a lot of issues before, but I think it makes a big difference, the percentage at which individuals are self-sufficient vs system reliant. We've had a huge swing towards the latter in the past 100 years.
I'm not saying this banking issue will cause this, I'm just saying in general, I think it's possibly to introduce unrecoverable chaos.
The Krotons live on. You'll not convince me that your community's collapse will cause my community to collapse. When some neurons are damaged, other parts of the brain reform to do the work.
Make your choices now dear philosopher. If your 'we' is so weak, what conclusions can you draw?
Those that are remote enough and can survive without modern tech may survive. You may have to fend off hungry mobs, or gangs lead by a warlord of some kind.
There's an issue of the ability to regenerate whatever technology you depend on to survive. You'd need stone age tech to have a chance to survive a global collapse of civilization.
There is still more knowledge available now. I was hoping to be able to manage with 1650 level technology. Most of the artifacts could be produced within a small community, it was generally the luxuries which needed to be imported. A crossbow might be the answer to a rifle with no ammunition factory.
The marxist Sybarites founded a fourth attempt at Sybaris after they were conquered twice by the Kroton. The ruins of this fourth attempt were uncovered by excavations in 1949.
The Fed doesn't issue debt. The Treasury department does. Silicon Valley depositors lost nothing. SVB shareholders lost their shirts. BLACKROCK was one of the biggest shareholders.
Now depositors running to transfer deposits to SIFIS who have the biggest exposure to the Derivative Bubble, helping to delay the SIFIS armageddon.
What depositors don't know is SIFIS are allowed to steal their depositors deposits to protect their balance sheets thanks to the 2010 Dodd-Frank Act. They are walking into a trap.
Look at Cyprus. Depositors took a 47% haircut. This time will be Depositors Bail Ins to bail out banks TBF
The 2010 Dodd -Frank legalizes it, although I don't know if if they use the word. SIFIS are allowed to give haircuts to their creditors to reduce liabilities. Depositors are considered creditors. Your deposits are actually a loan to the bank. Loaning money to a bank with significant derivative exposure is not bright
Definitely. A mix of short and long term, depending in your risk appetite and income security. If you don't have secure income stream, stick with short term
Might work if they are short term...3 or 6 month bills. Longer term might get ravished with rising inflation and rates. That's what has happened to SVB assets invested in long term gov't bonds. Although some are saying the major deflation will be in full swing by the end of 2023...hard to figure that.
I am one of the people who thinks we will see some deflation. I think that the U.S. markets will crash, but that global markets will crash harder. Markets are already crashing in China, though the West plays a giant game of pretend regarding what is going on in China, so you have to seek out relationships to find much out. Regardless, China has stopped publishing a lot of its economic data, and what we are seeing doesn't look good. As much as people complain about a debt-driven U.S. economy with corrupt elements, all that is worse in China.
The national debt myth has been ongoing since the 1930s, as the ruling class wants to get everyone else impoverished, while at the same time increasing their own wealth. What is called debt is actually money that's in circulation. If I have a few dollars, does that mean I'm in debt to someone? NO. If almost everyone has a bunch of dollars altogether, they're not indebted just for having those dollars, unless they borrowed them from someone. Most people's money is not borrowed, it's earned, or sometimes donated. When there's lots of money in circulation, so-called national debt, there is prosperity. When there's little money in circulation, there is recession or depression.
In a monetarily sovereign nation like the U.S., tax money is not used for anything. It's destroyed, taking money out of circulation. The U.S. simply creates money any time it spends money on anything. So taxes are meant to reduce the wealth of taxpayers. Only in governments that are not monetarily sovereign is tax money used for government spending, such as in U.S. state and local governments. Even they do not need taxes if they get grants from the federal government.
Whenever the U.S. federal government has cut back on spending, the economy has gone into recession or depression. The Fed has increased spending considerably for over a century and the eternal boogeyman, an economic crash, has never occurred. Economic collapses came close to occurring only when spending was severely restricted.
And inflation occurs mainly only due to major shortages, such as the oil shortage in the 1970s. Money printing is not what causes most inflation.
I made a post on this topic on March 12 at https://ilki.substack.com/p/fiat-money-is-good quoting a blog post by Liz Harris from 5 years ago. She also referenced Rodger Mitchell's site https://mythfighter.com/. As Liz Harris said, any monetary system would work, if it weren't for major corruption, which is severe among top bankers.
The entire purpose of the fiat monetary system is to enable corruption. Saying that it would work without the corruption is like saying that nobody has really tried communism, yet.
All money is by fiat. The purpose of money is not corruption. It's to make trade more efficient. Words like communism are fairly meaningless. Most families don't engage much in trade that involves "money". Are families communist? What about religious groups that don't engage much in trade among members? Are they communist? Trade is generally a good thing between communities, so they can each be more prosperous. What's important about money is having monetary sovereignty, as it allows more efficient progress toward prosperity for all, when money is used for trade. It may be that not using money at all would bring the greatest prosperity for all.
Is it inevitable that a great number of people will come to the conclusion that we must 'seek out these builders', instead of realizing that we must become them?
I thought that to qualify as an advanced civilization, nothing, not a trace would be left behind. Like the code for hikers when venturing into wilderness areas. Why waste any energy. Maybe gifts to the unborn? Anyhow, hopefully the mRNA injections will give rise to a new class of folks who can solve the puzzle of cyclic catastrophism.
“Also, remember that the Fed controls the interest rates”.
Really? Methinks that a close examination of historical charts shows the FED does not actually control interest rates. The bond market controls interest rates (primarily via the 2 year Treasury) and the FED simply gets in line.
I would say that FTX is higher profile, though it may not be easy for people to judge that at a distance, and it's still not 100% clear what all FTX represents (I think my guesses are good, but as I mentioned, they have evolved a bit).
Like Willy Lohman stated when asked why he robbed banks, he said “because that is where the money is.” Silicon Valley is where the tech is, right. They are as much a part of the DOD scam against humanity as anyone, and I include Elon Musk in this.
Very good thank you. The reasons for the SVB collapsing as opposed to any other bank could have to do with the location as I explain here. It in the names.
Somehow, whatever you did, ending on the Sybarites was so spectacularly on point in a deeply historical, even subconscious level. History repeating over and over ad infinitum, it seems. The behemoths of today assured of their inevitable victory have a shock coming. As we pull the veil apart and their machinations come to light, there's that hissing sound of snakes in the dark as a rock is lifted.
This history repeating business is elusive. I grasp for tendrils of understanding. Lacking that, I can't articulate. This comes to mind:
https://www.youtube.com/watch?v=NoAzpa1x7jU
It is difficult to recognise history if you don't know any. That is why it needed to be replaced by gender studies.
I am reading in various formats the Roman Civil War period- Marius, Pompey, Caesar- and am not surprised at the resemblance to the current US politics. Remember that things actually do happen faster than they did 2100 years ago. I did not know the story of Sybaris or that Pythagorus started there. A delightful outcome. Sadly I find myself resident in Sybaris, or at least an adjacent vassal state. Happily I am too old to join the infantry.
The SVB risk manager reminds me of AOC and the US VP. The VP appears to be Mr. Biden's defence against impeachment or the Caesar treatment.
I wonder how much of SVB's downfall was connected to SBF's crypto and hedge fund mini-empire. Many of the same players seem to have been involved, and have abandoned the sinking ship last week.
With no knowledge of or prejudice toward the "First Lady of California" (cue the Beach Boys) she looks a little young for the job. However, in comparing Gov. Newsom to the czar of a similar state (by population), with the recent revelations of Justin Trudeau's $2.3 Million non-disclosure arrangement, I keep recalling the comment "For Justin, 14-18 is middle-aged."
Try this.
https://alphaandomegacloud.wordpress.com/2022/02/07/timeline-anticipated-events-in-world-war-3/
https://alphaandomegacloud.wordpress.com/2023/01/06/2022-a-review/
Who will rebuild it? An idea has been kicking around in the back of my mind for several years, that that is a degree of chaos, that could be introduced into our system of civilization that would make recovery impossible.
Who will attend to their "virtual job" when it's no longer possible to purchase any thing with money? Once that happens, it's game over.
We'd be could be reduced to bands of people trying to scrape by off the land. But most of us modern slobs would fail miserably. (which would likely result in violence)
I think prior generations were more resilient, because their technology was more "repeatable". A group of people could for the most part move to a new location, start farming/hunting, building their huts etc.
I don't think the "elites" want this kind of total mayhem though. It seems like there is some kind of plan in place to shake us down to a certain point then sweep in with some solution (owning nothing and being happy?)? Will they be able to manage that as well as they imagine though?
The negative conclusion is a seed that takes hold of the mind.
The solutions are being developed to the mysterious 'drought' that killed off many a past civilization, mayas, bronze age collapse, etc - https://peakd.com/hive-122315/@ecoinstant/the-real-solutions
Resigning yourself to being a 'modern slob' is a choice. Choose better my friend.
Your future depends on your skill set. And the quality of your relationships with your neighbors.
Humanity's future is the sum of our futures.
Maybe we'll improve, I'm just saying I think there may be a theoretical breaking point that we can't rebound from.
Our massive population relies on a functioning civilization, with all it's technology, energy sources and transporation capabilies. If the system dissolves, there won't be enough to go around and people will resort to violence which will make things worse.
Humans have rebounded from a lot of issues before, but I think it makes a big difference, the percentage at which individuals are self-sufficient vs system reliant. We've had a huge swing towards the latter in the past 100 years.
I'm not saying this banking issue will cause this, I'm just saying in general, I think it's possibly to introduce unrecoverable chaos.
Who is 'we'?
The Krotons live on. You'll not convince me that your community's collapse will cause my community to collapse. When some neurons are damaged, other parts of the brain reform to do the work.
Make your choices now dear philosopher. If your 'we' is so weak, what conclusions can you draw?
Those that are remote enough and can survive without modern tech may survive. You may have to fend off hungry mobs, or gangs lead by a warlord of some kind.
There's an issue of the ability to regenerate whatever technology you depend on to survive. You'd need stone age tech to have a chance to survive a global collapse of civilization.
There is still more knowledge available now. I was hoping to be able to manage with 1650 level technology. Most of the artifacts could be produced within a small community, it was generally the luxuries which needed to be imported. A crossbow might be the answer to a rifle with no ammunition factory.
Nothing is both so depressing, and yet enjoyable, as a Rounding the Earth article on the Monetary Wars. That’s a compliment. :)
You forgot the funniest part of that story.
The marxist Sybarites founded a fourth attempt at Sybaris after they were conquered twice by the Kroton. The ruins of this fourth attempt were uncovered by excavations in 1949.
The Fed doesn't issue debt. The Treasury department does. Silicon Valley depositors lost nothing. SVB shareholders lost their shirts. BLACKROCK was one of the biggest shareholders.
Now depositors running to transfer deposits to SIFIS who have the biggest exposure to the Derivative Bubble, helping to delay the SIFIS armageddon.
What depositors don't know is SIFIS are allowed to steal their depositors deposits to protect their balance sheets thanks to the 2010 Dodd-Frank Act. They are walking into a trap.
Look at Cyprus. Depositors took a 47% haircut. This time will be Depositors Bail Ins to bail out banks TBF
Are bail ins legal in the US? I had heard the EU talking about the possibility of bail ins.
The 2010 Dodd -Frank legalizes it, although I don't know if if they use the word. SIFIS are allowed to give haircuts to their creditors to reduce liabilities. Depositors are considered creditors. Your deposits are actually a loan to the bank. Loaning money to a bank with significant derivative exposure is not bright
What about moving to T bills?
Definitely. A mix of short and long term, depending in your risk appetite and income security. If you don't have secure income stream, stick with short term
Might work if they are short term...3 or 6 month bills. Longer term might get ravished with rising inflation and rates. That's what has happened to SVB assets invested in long term gov't bonds. Although some are saying the major deflation will be in full swing by the end of 2023...hard to figure that.
I am one of the people who thinks we will see some deflation. I think that the U.S. markets will crash, but that global markets will crash harder. Markets are already crashing in China, though the West plays a giant game of pretend regarding what is going on in China, so you have to seek out relationships to find much out. Regardless, China has stopped publishing a lot of its economic data, and what we are seeing doesn't look good. As much as people complain about a debt-driven U.S. economy with corrupt elements, all that is worse in China.
Excellent thank you. Much needed analysis on our civilizational collapse.
The national debt myth has been ongoing since the 1930s, as the ruling class wants to get everyone else impoverished, while at the same time increasing their own wealth. What is called debt is actually money that's in circulation. If I have a few dollars, does that mean I'm in debt to someone? NO. If almost everyone has a bunch of dollars altogether, they're not indebted just for having those dollars, unless they borrowed them from someone. Most people's money is not borrowed, it's earned, or sometimes donated. When there's lots of money in circulation, so-called national debt, there is prosperity. When there's little money in circulation, there is recession or depression.
In a monetarily sovereign nation like the U.S., tax money is not used for anything. It's destroyed, taking money out of circulation. The U.S. simply creates money any time it spends money on anything. So taxes are meant to reduce the wealth of taxpayers. Only in governments that are not monetarily sovereign is tax money used for government spending, such as in U.S. state and local governments. Even they do not need taxes if they get grants from the federal government.
Whenever the U.S. federal government has cut back on spending, the economy has gone into recession or depression. The Fed has increased spending considerably for over a century and the eternal boogeyman, an economic crash, has never occurred. Economic collapses came close to occurring only when spending was severely restricted.
And inflation occurs mainly only due to major shortages, such as the oil shortage in the 1970s. Money printing is not what causes most inflation.
I made a post on this topic on March 12 at https://ilki.substack.com/p/fiat-money-is-good quoting a blog post by Liz Harris from 5 years ago. She also referenced Rodger Mitchell's site https://mythfighter.com/. As Liz Harris said, any monetary system would work, if it weren't for major corruption, which is severe among top bankers.
The entire purpose of the fiat monetary system is to enable corruption. Saying that it would work without the corruption is like saying that nobody has really tried communism, yet.
All money is by fiat. The purpose of money is not corruption. It's to make trade more efficient. Words like communism are fairly meaningless. Most families don't engage much in trade that involves "money". Are families communist? What about religious groups that don't engage much in trade among members? Are they communist? Trade is generally a good thing between communities, so they can each be more prosperous. What's important about money is having monetary sovereignty, as it allows more efficient progress toward prosperity for all, when money is used for trade. It may be that not using money at all would bring the greatest prosperity for all.
No, Communism is just a disguise for the Fascists who control basically all governments.
In which nations were the communists not funded by the Western banks, or the U.S. State Department?
Are all of these labels just cult designations? There are deeper games.
Who is going to rebuild it? Those with skills...
Is it inevitable that a great number of people will come to the conclusion that we must 'seek out these builders', instead of realizing that we must become them?
cf your recent notes about stew peters
I thought that to qualify as an advanced civilization, nothing, not a trace would be left behind. Like the code for hikers when venturing into wilderness areas. Why waste any energy. Maybe gifts to the unborn? Anyhow, hopefully the mRNA injections will give rise to a new class of folks who can solve the puzzle of cyclic catastrophism.
“Also, remember that the Fed controls the interest rates”.
Really? Methinks that a close examination of historical charts shows the FED does not actually control interest rates. The bond market controls interest rates (primarily via the 2 year Treasury) and the FED simply gets in line.
It seems SVB is the most high profile (yet) failure of the cult of diversity.
I would say that FTX is higher profile, though it may not be easy for people to judge that at a distance, and it's still not 100% clear what all FTX represents (I think my guesses are good, but as I mentioned, they have evolved a bit).
Like Willy Lohman stated when asked why he robbed banks, he said “because that is where the money is.” Silicon Valley is where the tech is, right. They are as much a part of the DOD scam against humanity as anyone, and I include Elon Musk in this.
Very good thank you. The reasons for the SVB collapsing as opposed to any other bank could have to do with the location as I explain here. It in the names.
https://alphaandomegacloud.wordpress.com/2023/03/13/breaking-news-silicon-valley-bank-bailout/
The Epstein connection might have something to do with this.
https://www.bitchute.com/video/jxSDqdA2MUB7/
Those who's strength is in production will throw off those who's strength lies in parasitization? Hail the day!