2004 Issues #1 to #16
Seventeenth Issue 10 January 2005
B M GM FMM S LT N L P
Twenty-eighth Issue 11 April 2005
Buy this essay and others in Jim's new book Being Sovereign.
The Indomitus Report
8 December 2005
"We're meant to die. It's the only thing that makes things matter. ... To live once for real, and then give way to people who might do better. To live only once, but with hope."
The great sign of decadence is the cult of death. Corruption and decay is the order of the day when people claim they would rather die than live. Any culture or subculture that celebrates death and derides life is not long for the world. Life and reproduction are good, death and involuntary sterilization are bad.
So, when one encounters a country like Sweden which was ostensibly "neutral" in the Second World War, and which practiced eugenics, including involuntary sterilization up into the 1970s that they admit, one has to suspect that there are many deep pathologies in that country. That doesn't mean that every Swede has problems, but it does mean that their country had a very malevolent government.
The film "Aeon Flux" is based on some of the anti-network politics of Peter... Aeon is a super heroine with extraordinary powers.
Free Market Money
"But it may turn out that cutting off government from the tap which supplies it with additional money for its use may prove as important in order to stop the inherent tendency of unlimited government to grow indefinitely, which is becoming as menacing a danger to the future of civilization as the badness of the money it has supplied. Only if people are made to perceive that they must pay in undisguised taxes (or voluntarily lend) all the money government can spend can the process of buying majority support by granting special benefits to ever-increasing numbers with particular interests be brought to a stop."
Refined: An Analysis of the Theory and Practice
of Concurrent Currencies, 3rd Edition, 1990
I firmly believe that Hayek was right. It is desirable to bring majoritarian rule to an end. Inflationary fiat currencies are bad, not only because of the economic consequences of inflation, but also because of the unlimited power government's attempt to wield with this funding tool.
However, I am equally convinced that there is no political solution to this problem. Too many interests are aligned behind the use of unlimited funding for unlimited power. The only way to resolve these critical problems is with free market money. There are economic solutions.
(more in this vein to follow)
We'll continue our focus on Denationalisation next week.
Here's how the stocks we presently suggest in this area look of late ():
Free Market Money
Dow stocks The Dow:Au ratio is now
Silver The Au/Ag ratio is down a bit to 58.85.
Copper Ag/Cu ratio stands at 4.195. The related Au/Cu ratio is 246.88.
Zinc The premium on pre-1982 pennies is now stands at 36%.
U3O8 was $34.50/pound as reported from 28 November.
Schlumberger was $97.99 on the morning of 5 December. It is up $16.77 (or 20%) since our suggestion.
The four free market money stocks we've suggested in this sector are PVH, GBH, CGB, and MCG. Prices from Monday 5 December 2005.
The Gold Casino last sale was
NASA delenda est.
SpaceDev closed at $1.60 on Monday 5 December. It was up ten cents from our first suggestion.
NASA delenda est.
New Country Developments
FDA delenda est.
Legislatura delenda est.
Here's how our stock suggestions in the nanotechnology and life extension sector look right now (evening Thursday 8 December 2005).
Gratuitous example of bizarre legislation:
Gratuitous prediction: gold $555/oz by 31 December 2005.
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