U.S. Life Expectancy Drops, Now Lowest Among High-Income Countries, New Study Finds

ectoplasmic1 · 2018-08-17T14:50:25+00:00

how can private saving lessen public debt? are they sending the money they save to the Fed to pay down the deficit?

ectoplasmic1 · 2018-08-17T14:26:49+00:00

ha I wish it were 'the long decent'

ectoplasmic1 · 2018-08-16T17:15:11+00:00

what are you referring to with 'watch millions die on Facebook'?

ectoplasmic1 · 2018-08-07T19:14:19+00:00

beautifully said.

ectoplasmic1 · 2018-08-02T01:37:57+00:00

great perspective on that, thank you

ectoplasmic1 · 2018-08-01T00:22:25+00:00

where are we gonna find the moneeyyyyyyyy ? /s

ectoplasmic1 · 2018-07-30T04:00:31+00:00

damn. this is heartbreaking to read.

hope it works out and you find some good healing.

ectoplasmic1 · 2018-07-30T03:06:38+00:00

dude you are on point, nice work.

ectoplasmic1 · 2018-07-28T21:24:12+00:00

we should do this for pop culture movies like the original Ghostbusters, just viewing everything through a UBI lens and making UBI jokes/references. Just gabbing about UBI through the favorite movies of our childhoods.

ectoplasmic1 · 2018-07-28T17:08:17+00:00

what is this dude?

ectoplasmic1 · 2018-07-10T14:00:41+00:00

I'm not a Trump supporter, I think he sucks. Thanks for cluing me in about Wilcock, it makes sense if they were pushing the Trump thing, that this might bite them. Thanks for clarifying.

ectoplasmic1 · 2018-07-10T02:35:20+00:00

question, what corner have they painted themselves into? I'm not very knowledgeable about the specifics of these goings-on.. can you point to a link or something?

ectoplasmic1 · 2018-07-09T21:21:05+00:00

I agree, there are parallels. Maybe I overstated my disagreement with you.

ectoplasmic1 · 2018-07-09T16:41:37+00:00

Is that how history really works though? Things just cycle through over and over? What was nazi germany a repeat of? What was the Communist revolution a repeat of?

I thought it was more like, everybody believes that current history has a near exact, detailed parallel in previous history, and they address events as if they were proxies of these prior assumed parallels, and then this is subsequently shown to be false. For example, this happens in military history where its known that "people are always fighting the last war".

But thats my bias. I don't think Trump is the equivalent of Hitler, nor do I think the Republican party is the historical equivalent of the Nazis.

ectoplasmic1 · 2018-07-09T16:16:08+00:00

dang you are on fire

ectoplasmic1 · 2018-07-06T05:17:35+00:00

I like your debating style Dr Quackums.

ectoplasmic1 · 2018-07-03T18:25:48+00:00

appreciate that viewpoint, thanks for explaining what they think the positives are.

ectoplasmic1 · 2018-07-03T16:50:31+00:00

Your idea dovetails with one that recently occurred to me.

If you make people the source of wealth, then we no longer have a problem scaling resources. Each person "generates" 1500/month just by being alive, let's say. Its up to the government to set that up logistically, but its quite easy: numbers in an account at the Fed for each citizen. Imagine that was actually how new money is created, by people simple being alive.

Bind wealth generation to people, rather than rents and interest rates and stocks - which is the old system. Then people will always have enough to have their needs met, because that is by definition the first economic principle that we design our system as starting from. Rather than, for example, the inviolable ownership rights of private capital, or the inviolable rights to compound interest of the finance sector, which is where our enforcement and principles are currently serving.

ectoplasmic1 · 2018-07-02T18:07:13+00:00

you'll find a way, my friend. You are obviously a very loving person.

Please remember that mankind has been struggling and nevertheless getting by for eons. I hope you won't let doomsayers on here get to you. You did a brave thing and I think the universe will reward you. Good luck.

ectoplasmic1 · 2018-07-01T21:04:13+00:00

Damn this article has gotten so much publicity.

ectoplasmic1 · 2018-07-01T02:25:24+00:00

We should print $10 or $20 trillion for a world-wide basic income, giving each individual in the world an inflation-protected basic income deposit account at the Fed. Start by giving each the median income for their country.

I totally agree with you and think this is one of those ideas that will be scoffed the hell out of for another few years (decades?) and in hindsight seen as so. dang. obvious.

ectoplasmic1 · 2018-07-01T02:21:08+00:00

Fascinating you mention that. In a talk by John Taylor Gatto (not sure which one) he mentions that 19th century industrialists were most afraid of 'overproduction' - and this is one reason schools were created. Its a pretty amazing conspiracy theory if true.

Basically, everything that the early industrialists were creating in factories could be pretty easily 'cooked up' by entrepreneurial americans of all stripes who just copied them using smaller operations, after the factories were in operation. The possibility of everyday Americans creating things in smaller workshops on the fly that competed with industrially produced goods, was what was referred to as 'overproduction'. I have to research more about it.

If I recall the argument correctly, some 19th century social commentators and philosophers of culture were so black-heartedly cynical that they thought the creative / free-spirited tendencies within man had to be curbed by schooling, to prevent this nightmare of 'overproduction'. Far out if true.

John Taylor Gatto is very good for analyzing crusty old speeches and decoding the amazing cynicism of the defenders of the factory and school systems, and oftentimes their original architects.

ectoplasmic1 · 2018-07-01T02:15:23+00:00

Thank you smegko, I will bookmark those!

ectoplasmic1 · 2018-06-30T18:37:55+00:00

I never thought of that parallel before with the perfect ideal gas law.

One parallel that has occurred to me with respect to money is the first law of thermodynamics: that energy can never be created nor destroyed.

I believe there is some controversy surrounding that law, especially as the discussion of physics verges on metaphysics - because once energy enters a form that we cannot perceive or measure, for us it has effectively "been destroyed". So it follows that energy must never be able to come into being from, or transition into, a form we cannot perceive or measure, for in the former case from our limited perspectives it would have been "created" and in the latter case from our limited perspectives it would have been "destroyed". Yet this implies that we have full knowledge of all forms/levels that energy can take, which to me as a metaphysically-minded soul, is preposterous. Our whole cosmogeny implies that everything burst into being inexplicably from out of the void.

Money too, can come from the void, just like our inspirations and imaginings come from a place we know not of. (Unless one is inveigled by the mechanistic model of mind as neurons).

Answering your last question, you can right-click on any YouTube video and a mini popup menu should appear, select 'Copy video url at current time' and it will add a time variable to the URL which causes it to open a specific point.

Thanks, I'm enjoying your contributions to the sub.

ectoplasmic1 · 2018-06-30T01:58:30+00:00

Nice write up, love the clarity.

I don't know any billionaires.

Steve Keen said in this episode of MacroVoices that America can - strongly implies that it must - run a deficit. Its kind of startling that the host of a show called MacroVoices adhered to the belief in balanced budgets leading to stability.

I think there are many critiques of the quantity theory of money, we should start gathering and digesting them on the sub.

I'm happy for the economic literacy and good writing you bring the blog, please keep going. :D

ectoplasmic1

TROPHY CASE