Comments by "k98killer" (@k98killer) on "Mark Moss" channel.

UK still on gold standard; gold moves to America; UK goes back onto the gold standard. What?
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The audio distortions may actually be divine providence to keep the bots from interpreting the content and banning the video. I appreciate the demonstration of cajones in treating this topic so honestly. However, there is a distinct possibility of deflationary bust in the near term.
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The Treasury has not provided numbers of debt monetized by the Fed since March. My guess is that they saw the Zimbabwefication index hitting 16% and knew that the only way to avoid an instant currency crisis was to hide and obfuscate. https://fred.stlouisfed.org/graph/?g=txx2 Last time it hit 16%, we had the Nixon shock followed by over a decade of massive inflation, and gold rose from $35/ozt to $650/ozt. This is likely to be extreme and crazy.
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Giants and Nephilim die in cataclysms. The federal government is the largest of the current Nephilim, imo: it consumes all the wealth of the earth, and the earth cannot sustain it, so it now feasts upon the children of men, and the souls of the slain cry out and make their suit in heaven for divine judgment upon the earth. This will come in time, because it always does. And just like the flood, whatever cataclysm awaits will be devastating. But the few righteous who sanctify the technology of the Nephilim will be delivered: it is for this reason that Noah's ark has the same dimensions as the Nephilim.
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Based upon the recent monetary contraction, it looks like there will be a crash, but I've had the timing wrong thus far (I thought it would happen in the first or second week of this month).
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@pamelam2911 the two greatest forces for corruption in this nation are fractional reserve banking and the first-past-the-post voting system. The solution to the latter is to use score voting or score runoff voting (it builds consensus rather than relying upon polarization to drive voter turnout). Many people are working on possible solutions to the former -- for example, I have drafted a reference contract for a currency cooperative (9 pages + annex) and am using it and a few other reference contracts as inspiration for the VM of an entirely new crypto system that should do to the issuance of crypto tokens what bittorrent did to file-sharing.
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Just a technical point, but the landmasses have changed quite dramatically over the last several million years -- it has not been a "fixed supply" per se, especially when considering things like Doggerland disappearing under the sea, along with the infrastructure for the civilization that lived there.
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@craigscott2315 gold is not backed by the mining effort. The mining effort is a sunk cost. You can't redeem your gold for the labor and resources used to mine and refine it.
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@craigscott2315 I get it. I'm just saying that gold is not "backed" by anything. Things have value only in a subjective sense, that is why we have markets: to assign prices to things to make it easier to compare the subjective value you assign to something against the value others demand/offer in exchange.
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Love of Sophia, the goddess of wisdom, is the literal meaning of "philosophy". All the pagan sages of the ancient world were renowned for their wisdom and not their intelligence.
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Some people will say that nothing before Bretton Woods can be called the "reserve currency" because they say reserves are held only by central banks, but I think that it is reasonable to rebut by pointing out that the banking model itself involves reserves even in lieu of a central bank.
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Another thing to consider about the dark age was the period of minimal solar activity degrading crop harvests, further diverting human effort to basic survival.
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In my opinion, the rising power is Bitcoin. The CCP is fond of their 5 year plans because they worked out so well that they've only killed tens of millions of their own slavizens to implement them. The only group potentially more corrupt and less competent are the demented buffoons in DC. But Bitcoin will be a beautiful anarchy built upon peaceful competition and mutual respect, and its citizens are becoming wealthy while the diseased old system dies under the weight of its unfixable flaws.
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The first Blockfi advert was well-timed. Definitely an improvement over past videos. Edit: both were well-timed.
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The Russian military does not even enforce the use of securely encrypted communication systems. And the average age in China is 45+, which is not really the age you want for your newly recruited soldiers.
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@andrewwotherspoona5722 China will be irrelevant in a few more decades due to their demographic collapse problem. The rouble isn't a free trading currency anymore -- nobody can access the real financial system using roubles, so the nominal exchange rate is irrelevant. Seriously, try to trade some roubles at that fake exchange rate and tell me how it goes.
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@andrewwotherspoona5722 it is worth bearing in mind that "inevitable" and "imminent" are not synonymous. USD will likely maintain its network effects for most of this decade, though the current currency warfare runs the risk of accelerating the dedollarization trend. However, it is important to note that dedollarization is still slower than dollarization -- more dollars and dollar-denominated debt exist now than ever before, and the pace of the increase far exceeds any overtures to dedollarization by jilted political regimes.
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@andrewwotherspoona5722 my guess is that either Bitcoin will grow enough to subsume the role of the Treasury bill as the collateral of choice, or something currently in the works will emerge and become the new standard, or perhaps both.
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I expect a dollar short squeeze/credit crunch/valuation plunge next month followed by helicopter money and massive inflation. Of course, it'll all be blamed on Corona-chan, who has done nothing wrong.
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@craigking391 similar concept, but the other way around: they'll just classify the sale however they have to to make the transaction verify and settle. There are too many people and businesses, and it would be unequal treatment under the law, and thus illegal, to make it work with only a select handful of conspiring corporations. If they set up adequate gatekeeping measures, the rollout will be too slow to be successful. If they roll it out quickly and successfully, they have to abandon gatekeeping.
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@rainbowodysseybyjonlion "money" is the most marketable/salable good. We cannot rightly call the Federal Reserve Note a currency because it is not redeemable for anything. It's all a bit confusing. Hopefully I'll have a better understanding of it all after I finish reading the Theory of Money and Credit by Ludwig von Mises.
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@rainbowodysseybyjonlion "redeem" and "exchange" are not the same thing. To redeem something is to exchange it for some specific promised thing from the issuer. You can't say that a coat check is "redeemable" because you can exchange it for candy when your coat has been expropriated. FRNs cannot be redeemed for anything in the same way that gold coins cannot be redeemed for anything; they are the things themselves.
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How so?
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I heard a persuasive argument that interest rates are not the price of money. It goes something like this: the price of a market good is inversely correlated with changes in supply, so you would expect the price of money to be 0% during hyperinflation due to the increased supply; the historical evidence of interest rates going hyperbolic alongside money supply succinctly refutes the claim that interest rates are the price of money.
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Fwiw, it would be mind-blowing if after the zoom out to show the studio, it zoomed out a bit more to show that the whole thing was a green screen. Just a thought for next April.
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@1MarkMoss right, but it would be a funny April 1st joke to edit it to look like a green screen/accidental fourth wall break. Use CGI to make it look like you're using CGI.
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I think that the drama around will-he-wont-he was to do with gag orders from alphabet agencies manipulating discourse to subvert our elections.
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