Comments by "earthstick" (@earthstick) on "The New Culture Forum" channel.

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  82. This may be a move to completely debase fiat currency so that we do in fact move to a different currency. Maybe a cryptocurrency so Dominic may get what he wishes for. But is that a good thing? Bitcoin is a deflationary currency. There is an absolute maximum of 23M bitcoins. Some of those have been lost already in wallets that have been lost on peoples computers - remember the guy who threw away his laptop with the key to his wallet on it? Now the lost bitcoins are out of circulation there are only 21M possible bitcoins. So the value of bitcoin increases overtime rather and decreasing. That encourages people to save rather than spend. You will still get no interest on your savings because there is no money to pay to savers. Furthermore if you have debt then you are in trouble. The problem is that it really does become impossible to repay debt because there really is not enough money to pay it. With a fiat currency there is no limit to the amount of money. It is always possible to repay debt by borrowing more. It incurs more interest but that can be paid in the same way. If the rate of monetary increase is greater than the demand for money then there will be price inflation and the money hase been devalued because there is more money sloshing about with the same amount of goods and services to pay for. Price inflation encourages people to spend rather than save. Having a limitless currency is not necessarily a bad thing. It is always possible to meet demand for money such as when the population increases. The rate of monetary increase is what is important. It must equal demand. No more and no less. Otherwise you get deflation or inflation and neither of those are desirable.
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  131. Getting straight to the root of the problem, education of the next generation, might in theory be the quickest way out of this mess but the opposition has the upper hand in the universities and they will not allow dissent. The science fields might still be uncorrupted (except for environmental science) but the universities will never banish the humanities. The approach there might be for the scientists to take it upon themselves to leave and startup elsewhere. But overall the problem is very dense, so much so that it appears impenetrable. While going to the root immediately might appear the best way we might instead have to take victories as we can. Brexit was a massive victory. If Cummings succeeds in dismantling the lefts grip on the civil service then we will have another great victory and a platform to dismantle more. When it comes to the cultural battle I don't think we can expect the current generation of Conservatives to be able to make any significant victories because they are a product of this culture and they have been conditioned not to oppose it. But what they achieve in other areas can be put to good use by the next generation. We also need to cast aside this phrase 'live for the moment' that the opposition has come up with. It essentially means don't attempt anything that will not come to fruition within your own lifetime. It is a means to weaken opposition because of course changing a culture is always going to take longer than a lifetime. They have spanned generations in pursuit of their own ideals while simultaneously dissuading others from opposing them.
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