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Author Archives: Adask

About Adask

I am a man made in our Father YHWH ha Elohiym's image (Genesis 1:26-28) and endowed by my Creator with certain unalienable Rights ("The unanimous Declaration of the thirteen united States of America"; July 4th, A.D. 1776). I am a sovereign Dei gratia. I act at all times "at arm's length" unless I've otherwise and expressly agreed in writing. I am one of the People of The State of Oregon. My articles are currently written and published within the venue of The County of Baker, located within The State of Oregon--a member-State of the perpetual Union styled "The United States of America".

Watch Global Cyber-War in Real Time


The animated map at the following link purports to show international cyber-warfare attacks as they’re taking place, right now.  Although the graphic looks like something out of Star Wars, it is presented as truth.  The graphic may be the single most mesmerizing, beguiling and disturbing image I’ve seen on the Internet.

Most of the cyber-attacks originate in the U.S.  Most to the cyber-targets are in the U.S.  It’s hard to tell whether the U.S. is attacking the world, or if the world is attacking the U.S.

If you look under the “Attacker” heading, you might be surprised to see how often the world’s cyber-attacks are attributed to the “Microsoft Corporation”.

It’s hard to believe.  We’re looking at a new form of warfare that may soon render ICBMs and nuclear weapons obsolete.

But, if we can believe this graphic, it appears that while most of us go about our lives as if everything is fairly normal, some sort of international (or is it inter-corporate?) war is being waged right now.  It seems inevitable that at least one of these attacks will someday cripple the U.S. electrical grid or some other computer-dependent institution that’s critical to our economy.  Sooner or later, one of these cyber-attacks seems seems certain to precipitate some sort of cyber-problem in the U.S., EU, China or Japan sufficient to push the whole world into a collapse.

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To view the live image, click here.

 
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Posted by on May 23, 2017 in Cyber-warfare

 

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Debt-Based Monetary System Demands Ever More Debt—Part IV—“Why”?


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BUT WHYYYYY?!

In the first three “Parts” of this article (#1 More Debt, #2 Ponzi Schemes, & #3 Fractional Reserve Banking), I explored and advanced an hypothesis concerning America’s National Debt. I argued that our National Debt isn’t growing due to accident or governmental incompetence. Instead, I argued that that our seemingly uncontrollable National Debt (it nearly doubled under the Obama administration) grows out of a mathematical necessity that’s somehow caused by our Debt-Based Monetary System (DBMS).

In essence, I believe that our DBMS forces our National Debt to grow as a necessity and requirement. The the DBMS will die if it’s not constantly fed an growing stream of debt. If the DBMS dies, it will kill our debt-based economy.

More, I suspect that the debt must not only grow, but must grow “geometrically” or, at least, it must grow faster than the economy. If that’s true, it’s the the kiss of death for the DBMS and our debt-based economy.

Our DBMS (Debt-Based Monetary System) doesn’t simply make more debt possible, it makes more debt necessary. If we fail or refuse to go deeper into debt, our DBMS and economy will collapse into chaos.

If my hypothesis is roughly correct, it means that any promise by the Republican Party or President Trump to eliminate deficit spending and/or reduce the National Debt from $20 trillion to, say, $19 trillion—is not only false, but potentially dangerous. If they succeed in significantly reducing the National Debt, I believe that reduction could cause our debt-based economy to collapse.

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Debt-Based Monetary System Demands Ever More Debt—Part III—Fractional Reserve Banking


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The FOUNDATION for our Debt-Based Monetary System:  PROMISES to Pay that Can’t Possibly be Kept.

For the past several months, I’ve been exploring an hypothesis that strikes me as fantastic, unlikely and yet (probably) true. In broad strokes, it’s the idea that our fiat, debt-based monetary system requires ever more total debt to function.  Going deeper into debt is not optional; we are forced by our debt-based monetary system to do so.  I.e., if the American people ever stop going deeper into debt, the whole debt-based monetary and economic system will collapse like a junkie forced to quit heroin cold turkey.

If my hypothesis is roughly correct, the persistent growth in the National Debt (it nearly doubled under Obama) is not the result of governmental negligence or self-serving politicians who get elected by promising more “free lunches” (services purchased with debt). Instead, our National Debt must increase (perhaps geometrically) in order to feed, protect and sustain our debt-based currency and economy.

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Debt-Based Monetary System Demands Ever More Debt—Part II—Ponzi Schemes?


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Is our Debt-Based Monetary System a Ponzi Scheme?  [Courtesy Google Images]

Recently, in Part I of this series, I promised that in Part II, I’d explain “why” the survival of our debt-based monetary system (DBMS) depends on the creation of ever more debt. I argued that our massive National Debt is not an accident or evidence of political malfeasance, but rather an intentional and necessary consequence of accepting our debt-based monetary system (DBMS). I argued that our DBMS can’t survive without going ever deeper into debt.

I compared “payments” (which are tangible, real assets like gold or silver coins) to “promises to pay” (which are intangible, paper debt-instruments like paper dollars). I warned that, given the choice between receiving a tangible “payment” and an intangible “promise to pay,” only a fool would take the paper “promises to pay”.

I illustrated my argument about “promises to pay” by reminding readers of how many times they had made or received promises that had failed. My point was that promises are easily made and routinely broken.

So, I suppose it should come as no surprise that my promise to use this week’s article to explain the “why” behind the debt-based monetary scheme will also be broken. I began to write this second article with some background on “Ponzi Schemes” (which is how I and others frequently describe our DBMS).  But, when I looked into “Ponzi Schemes,” I discovered that maybe that’s not the most accurate way to describe our DBMS. I also realized that maybe I should try to discern and describe the nature of our DBMS before I got into the “why”.

Result? Here, in Part II of this series of articles we’re going to explore whether our DBMS is really a “Ponzi Scheme” or if it’s something else. Then, in Part III (coming soon) I’ll present my notions concerning the fundamental “why”.

I promise.

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Debt-Based Monetary System Demands Ever More Debt—Part I


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The National Debt was basically flat from A.D. 1900 through A.D. 1971. In A.D. 1971, President Nixon closed the “gold window” and the dollar became a pure fiat/debt-based currency.  Since A.D. 1971, the National Debt has persistently increased, without regard to which political party controls the government.  I strongly suspect that a debt-based monetary system cannot survive without government creating more debt.  Once the dollar was debt-based, the National Debt had to increase.

The Congressional Budget Office (CBO) recently released a 55-page report on the “long-term US budget outlook”. The report implied that the US government is on the road to fiscal chaos and possible collapse that could not be sustained beyond A.D. 2047.

I think the CBO is lying about the “long-term” budget outlook. Instead, I think we’ve only got a “short-term” to go before the debt hits the fan.

According to the report, the “official” National Debt ($20 trillion) currently stands at the highest level since shortly after World War II. (The report did not comment on estimates by others that, including unfunded liabilities, the real National Debt may be closer to $100 trillion or even $200 trillion.)  According to the report, if government maintains current policies and economic trends continue, the debt will likely double over the next 30 years, rising to about 150% of GDP.

I see the CBO’s predictions and “warnings” as bunk, bunk, and, uh, bunk.

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Robot Blitzkrieg


Robot8blitzkrieg /blits-krēɡ/ noun an intense military campaign intended to bring about a swift victory.”

24hGOLD (“How many Jobs Do Robots Destroy?”) wrote:

How many jobs do robots – whether mechanical robots or software – destroy? Do these destroyed jobs get replaced by the Great American Economy with better jobs? That’s the big discussion these days.

So far, the answers have been soothing. Economists cite the industrial revolution [A.D. 1760 to 1840]. At the time, most humans replaced by machines found better paid, more productive, less back-breaking jobs. Productivity soared and, despite some big dislocations, society prospered. Some say the same principle applies today.”

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Posted by on April 21, 2017 in Robots, Technology, Uncategorized

 

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Passive Investing Destroys “Price Discovery”


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Courtesy Google Images

 

ZERO HEDGE published an article entitled, “Hedge Fund CIO: “Expect Enormous Losses In The Next Correction As There Is No Price Discovery In Index Investing”. According to that article,

The CIO [Chief Investment Officer] of One River Asset Management spoke on the one topic that is first and foremost on the minds of the active investing community: the unprecedented shift from active to passive management, and what it means for not only the industry, but for markets during the next “normal correction.”

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Posted by on April 21, 2017 in Economy, Investment, Market Panics, Uncategorized

 

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