Acquiring knowledge is different to acquiring skills.

You're not going to learn how to deal with patients, or good bedside manner, if you're a nurse, from a YouTube video.

Nor dealing with livestock if you're a farmer. These things come with time on the job.

I do agree though that your average degree, certainly in humanities, can be done from your sofa.

The Internet is a wonderful thing. I think sometimes we forget how lucky we are to have this amount of knowledge at our fingertips.

Just my 2p.

Cheers BB

+1

knowledge + experience = skill

Just from what I see in my work, only the people with experience know what to do when the plans inevitably fail 😂

Anyone can acquire the skills that they want, it just depends upon how dedicated they are. I mean there's a shit ton of skills that i want to master and learn, but usually i'm busy with other things. The internet is a wonderful thing. But also, it takes a lot of time to learn certain skills and most people like my self are quite lazy and can't be asked to learn new things, unless they really want to.

True but I'm not sure about "anymore". It's always been possible for motivated people to acquire skills, it's easier now but I don't think that is going to change the dynamic. People are afraid and or lazy when it comes to pursuing things that aren't right up in their face.

So then it becomes a kind of responsibility to put it up in their face.

Actually all of our problems are due to over population. One person can do more work now due to technology. Also humans keep on devaluing themselves by constantly breeding. It’s the law of supply and demand. The fewer of us there are the more valuable we are to employers. When we breed out of control then employers can pick whoever they want. That’s my opinion;)

Norman Tebbit rebooted.

Don’t question increasing stratification of haves and have nots, just pull yourself up by your bootstraps.

200 applicants for one job at Tesco?
Have you thought about trying a different Tesco? Hmm?

Try to think from the perspective of a business owner. Sifting through resumes. Bachelor's. honours. Doctorates. Oh no. This mad lad has googled it. Hire him now

I get what your saying but the person carrying out the skilled job more often than not needs proper training and certification if not just for the client but more importantly for insurance purposes!

Insurance would work a lot better if there were public records of outcomes on a blockchain rather than a certification authority that inevitably becomes a racket.

I've seen shops in the states with 5 different business permits.

This is true from the perspective of individuals, but what about societies. Societies like governments take most f our resources under the auspices of producing better outcomes.

If society says yeah anyone can do anything if they play the game right that's a fail. It should be a matter of course that an honest and motivated person is going to do well but that's not what we have. The only sure thing in our society is access to power.

When banks create a new loan they must also create an equal and opposite liability, in the form of a new demand deposit. Meaning when banks loan they create money out of thin air. They simply make it exist.

There is a really good series on YouTube that goes in to great depth about how it all works.

https://www.youtube.com/user/whygoldandsilver

nice man, thanks for sharing will 100% be putting this on later

I binged watched the series in one night. No regrets haha. Really gets the brain matter flowing. That link is to his main channel, it seems he has a lot of new content. Even some videos on crypto.

This is the link to his main series I was talking about, that goes in to great depth on banking, the federal reserve, fiat currency and economics as a whole. Enjoy!

https://www.youtube.com/watch?v=DyV0OfU3-FU&list=PLE88E9ICdipidHkTehs1VbFzgwrq1jkUJ

thanks muchly, think you might like richard werner

I do indeed. Interesting solutions. Mike's series (if I remember correctly, it's been a few years) doesn't really go in to any solutions to the many economical issues we have, if at all. So this was a nice listen. Ty!

Quantitative Easing.

The ECB have been doing it for years, with no federal reserve at all.

All countries do it to a greater or lesser extent.

The reason the (US) dollar is so popular is they have a federal reserve (gold).

The reason the Euro is failing is it's based upon the German banks and their megalomaniacal desire to control Europe.

There is no EU federal reserve. Only German banks.

When the EU (and Euro) collapses, Germany will be fine, the other 26 member states will fail.

Invest as you will.

Cheers. BB

Petrodollar is interesting on another topic. What do you think ? It’s funny what is out there that the vast majority of people do not know about in the financial and political landscape. The petrodollar is perplexing to me

Money is just an I Owe U ... it says so on your GBP £ notes ! something like ... ''I promise to pay the bearer the sum of twenty pounds'' .... hmmm? but you are handing over a physical £20 note made out of paper or plastic. BUT it still is an I OWE YOU, because the actual note is a ''promise TO pay'' .. the note is not backed up by gold anymore...back in the day... money was real... now it is just digital numbers on screens, according to my limited knowledge about it. I will keep up with this thread tho, as I would like to hear what others on LB think :)

Banks also "Trade Client" funds in a range of assets from , bonds, to stocks hence why you will receive interest each month or annually on your account; that is miniscule compared to what they generate from trading your funds (which is also why your funds are insured). but there are many aspects to this and variables as i've read below each of which is pretty much true.

Spot on smokey!

"since banks work as the accountants of record – while the rest of the economy assumes they are honest accountants – it is possible for the banks to increase the money in the accounts of some of us (those who receive a loan), by simply altering the figures. Nobody else will notice, because agents cannot distinguish between money that had actually been saved and deposited and money that has been created ‘out of nothing’ by the bank” - Richard Werner

Yes if they say its "in the bank" that's all it takes to do what they want with it - regardless of whether it exists.

Banks literally print money and we are expected to accept it has value when in actual fact there is nothing backing fiat currencies anymore. Used to be that dollar was backed by gold reserves then oil but now its backed by the promise... Basically the whole world is in a debt/credit spiral that will unravial at some point...

One word. Credit.

They don't create money, they create an illusion. Pepe is the only money worth anything

All began with financial deregulation in the 1970’s . The banks just click some buttons and magic. Then you pay them back, what a business!!!

This is a major cause of inflation. They are putting money that hasn’t been earned yet from the future in todays circulation . That’s why our money 💰 s worth fuck all now. Well one of the many reasons;)

I thought we just discovered all money, is in fact, cake.

not individual banks! but they do make money lol dont make much sense does it

little ben

yes, individual banks, check out the werner stuff in this thread. basically it's just accounting that makes them book things twice. if it's on a bank's books it is money.

When a bank makes a loan it is creating fiat currency

Yes Werner's study explains the double ledger. The implications being that when you deposit your own fiat, what is really happening is that the banks are purchasing security futures from you with promises to pay. The b of e charter actually explains that they cannot and do not lend money or take deposits.
White rabbit trust on YouTube and youandyourcash.com seek and example plenty of successful remedy.

Money printer go brrr

It's all about complex energy numbers.

They don't, they make up fiat currency (£, $, € ect ect) just a bar code number to give it a vaule. Money is only something that can be equally treaded fairly ie gold.

good thread :)

I love this guy he says we are headed to Star Trek Communism or Matrix feudalism.

Greece was the experiment. An entire nation sold out by a couple of politicians one of which was this chap.

He is like a left wing Jordan Peterson making lots of money writing about the obvious that most fail to see.

Tell me you don't know what happened in Greece without telling me lol. The EU and IMF sold out Greece, Yannis was trying to negotiate fair terms for it's debt. Same thing happened to Ireland and Spain.

Jordan Peterson is a fraud, comparing Yannis to him is ludicrous.

It took two complicit Greek politicians one of which was Yannis.

The Greek economy was already fucked well before Syriza got into power, infact that's why they got elected, because the previous governments had let the IMF break the country.

The financial crisis and Greek failure happened between 2009-2015, Yannis was elected in 2015 so to try blame them for anything before 2015 is a straight up lie.

Wouldn't it be great if we had community owned cafes and shops?
Community cafes where fresh food is grown on site and seasonal food is made to serve. Anyone is welcome even if you can't pay. Rent is heavy reduce as it's council owned.
We have local repairs shops that have experts and volunteers to help you fix items for free. Or you can donate it and it'll help them raise money to put back into the repair shop.
This is normalised across the country and it's access to everybody.
I believe this would change mind sets and give a huge sense of community and purpose along with create jobs and opportunities which benefits the local community.
Sorry for the rambling 😅

There are currently 1.8 jobs for every employable person in the US. Post pandemic people have chosen not to go back to work or to work on their own terms without fearing the consequences. Much of this is funded by the trillions stashed during the pandemic and logically must get spent eventually but attitudes to work have shifted dramatically. What used to be benefit ‘safety nets’ are now viable alternatives to work. How this will ultimately be funded is the great conundrum of our times….

Perhaps we should stop relying on China for all our stuff and bring manufacturing jobs back to the West?

nonnation.xyz ... Nations as we know them are over in the west ... This is the only way forward .. read up on this and understand just how decentralised this rabbit hole goes.

Provide simple solutions to complex problems

if anyone can parse this bs on wikipedia id love to see it

Here's a shot: true liberty results in the destruction of capitalism.

is that from abundance or indifference?

B.s confirmed. The libertarian/authoritarian is a different axis from the left/right paradigm. The left/right axis doesn't really matter anymore. Classic liberalism much more akin to Conservative values.
The more relevant terms when talking of the laissez-faire ideas are whether you are a consequentialist, or deontological libertarian I.e: do consequences matter or is it the rules that matter?

The government determine the rules, generally speaking don't they?
The consequentialist libertarian generally would say that they are not against force (by government)per se, but they believe in strong private property rights because it generally makes people happy and prosperous when they have them.

it makes sense: private property for what we create, public property for what's already sitting on the planet.

I find today’s liberal left to be very authoritarian in nature. They use all the kind fluffy buzz words but ram it down your throat with a hot poker.

The Beano is as much an encyclopedia as Wikipedia. https://libcom.org/article/libertarian-marxist-tendency-map + any anarcho history from Bakunin and Stirner onward.

Do what thou wilt, and harm none

It's Leftism without the authoritarianism.

Feudalism is many times older than capitalism, and ordained by God. Still fell like a sack of shit.

It'll have a different name and iconography but communism still the only alternative. Just no leaders, no parties, no states, max automation.

I think capitalism ends in so much abundance that no one gives a shit.

The big flaw of capitalism..
One day all the super rich (super useless) will realize the world seizes to go round without ground level hard workers and skilled people.

you mean robots, right? ;0

We're in the widening gap phase now for sure, or at least its becoming clear how far the gap already is.

The final step in every Marxism based cycle is the uprising of the proletariat, so that's the fun bit we need to look towards.. lol :)

WS

I doubt Communism unfolded exactly how he predicted... so at least he got it half right.

Cheers BB 😁👍🍻💚

Not quite. "The working class cannot simply lay hold of the ready-made state machinery, and wield it for its own purposes".

Too true 😅

I think there has always been feudalism in one form or another. There is always a class that ultimately owns everything because they can confiscate it, grant it a "title" or tax it. This premise always leads to same outcome it's just a matter of how greedy or insane the current landlord is.

Everything consolidates one way or another, thats why decentralization is both great and doomed.

probably starting from the neolithic era yes with the only exception of the 20th century, the only period of history where people got a bit of control of the power. Now is going to be lost for decades to come.

We need to look on the bright side, we are actually free serfs. We are free to seek a new master and we can seek redress in the crown courts, unfree serfs couldn't. However if we hadn't spent so much bit coin here we might actually be free with the value of it now.

sometimes a imagine a stack of the coins over time and shiver. so then i buy more weed.

Wise words, Jared Diamond's Guns, Germs and Steel says the same but takes 350 odd pages.

Thanks for sharing.

I see examples of this not just on the internet but in all industries. Walk down most high streets here in the UK and they now pretty much all look identical the same shops, coffee shops and chain restaurants with very few independent offerings. The cost of rent, business rates and all the red tape make it pretty much impossible nowadays for small independents to even start up.

Watching a show about fisherman on the BBC painted a picture of the EU quota system they must use and how the industry is dominated by money and huge boats and how these owners buy up small fishing boats and take the quotas these boats have to use on the mega trawlers.

The car industry seems totally monopolised now and we actually get very little choice - notice how the different makers share chassis and engines and the only real difference you get is the interior and badge. Everything else is pretty much controlled by rules and regulations.

It is obvious that these big players of industry are in cahoots with the those that set the rules and regulations as we saw with the emissions scandal with VW and EU collaboration.

Covid and lockdowns have exacerbated the situation as many small business owners left without any financial supports have gone to the wall while government loans to the huge corporations sit unused in their bank accounts.

Truly depressing times.

This is the model dreamed up by Gabrielle D'Nunzio, Mussolini, Franco and later tried by Stroessner, Pinochet and Thatcher. Always fails cos tho i am a committed capitalist even i realise extraction cannot work for ever as either you run out of victims (Franco, Pinochet) or the victims turn on you (Mussolini, Thatcher) At least Il Duce didn't cry when his turn came, Thatcher mewled and puked like a rat.

thatcher was as much a military dictator as she was latin

I call it digital feaudalism. And yes, we have never really exited the feudal system. It just morphs and transforms, keeping the 1% at the top, making almost all the rest their slaves.

yes, were hard wired for this shit

Nice hook

Fascinating. Bleak. truly people have been brainwashed by the media and now vote with their wallets. Far more regulation required at the top end, we cant stop the progress, and in many ways it serves us well. Democracy can still win the day, and we can unite for the good of all people. Education is the key, and a few good humans can change the world. It cant be allowed that rampant free market capitalism destroys us. Roll on technical singularity, according to Moores law would be around 2042 but i believe the theory is faultering (Moores law) so might take a bit longer. Technological growth becomes uncontrollable and irreversible, resulting in unforeseeable changes to human civilization. We have just leisure time so we study philosophy and all becone enlightened beings living in a tech utopia. Peace

Moore's law is doing fine once you abstract it to include progress besides chip density. Computation overall is on track when you include advances in software and a.i.

it will take more than economics for everyone to spend their leisure time studying philosophy. but im with you at least

Hope so but would we be the same beings, even the same species? I think Nietszche was mostly a clown but "homo, ecce homo" hits home

What is Neo Feudalism and being British mean?

Neo-feudalism refers to a concept that draws parallels between modern societal structures and the feudal system of the Middle Ages. It suggests that power and wealth are concentrated in the hands of a few influential individuals or entities, leading to a significant wealth disparity and limited social mobility. In a neo-feudalistic system, there may be an entrenched hierarchy, with a small elite class exerting control over economic, political, and social aspects, while the majority of the population faces limited opportunities and struggles to improve their circumstances.

Being British refers to being a citizen or a resident of the United Kingdom or having a connection to British culture and heritage. It typically implies a sense of national identity associated with the customs, traditions, and values of the British people. It encompasses aspects such as the English language, British history, British institutions, and cultural practices that are prevalent in the UK. However, it's important to note that "being British" can mean different things to different people, as it can encompass a diverse range of identities and perspectives within the multicultural society of the United Kingdom,

digital land barons & their consumers

Like the last feudal era they will ultimately fail IMO. Biden, bezos, bj and the two conos in NZ & Canada are only one mad bomber away from losing all the kleptocratic gains they have extracted. Putin and Xi poss a battalion or two away. Even if the above are stopped there are always despots trying their luck. The better angels of our nature (thanks Pinker, S) have always stayed in the fight so that the new boss is NOT always the same as the old boss (thanks Townshend, P)

if you change communism to community then you dont have to go very far for an answer

The reason you don't hear any success stories is because there ain't none.

Come on down voters give me a success story if you don't like the truth?? Bloody Marxists never except that it doesn't work. What ever iteration you can think of it WONT WORK!!!! everyone being the same sucks the fun out of life accept that hard work pays!

I'm not advocating for Communism but our society is full of people grafting their respective genitalia off that are still struggling financially. The idea that hard work pays ( properly) is a idea propagated by people seeking to exploit the labour of others. Nobody should need to claim benefits whilst working full time and yet...
Fwiw, I do advocate for a mixed economy. Nationalised energy, health, water, public transport etc and luxuries at the will of the free market.

You shouldn't be allowed to claim any benefits while in full time employment. It's crazy, we are basically subsidising employers who ought to be paying more.

And I hope that, one day, employers decide paying a living wage is more important than ever increasing profits such that in work benefits are no longer necessary. I propose a link between maximum and minimum pay within an organisation. Let's say; no pay ( overall package including bonuses, perks and dividends) higher than 5x the lowest full time salary.

I’m sure there are loads they just don’t teach us about them. Capitalism doesn’t work either does it? Too many greedy pocket filling bastards. We are all the same having money doesn’t make you better than anyone else, the fact you are here spouting this shows what a sad state the world is in 😞

There is. It's UK

I came here to say this. Glad someone else knows what's going on.

It's gradual. Socialism is the route to communism. The NHS, which we are all trained from an early age to worship, was one of the first big steps in socialism. Benefits too.

Do you all remember when Richard Madeley of all people called out Susan Michie for being a member of the Communist party? She was a main player in the 'behaviour science' part of the scamdemic. Do you remember how we were all pressured into performing that awful clap for the NHS gesture? That was like something out of North Korea/China, where citizens are softly compelled into worshipping the state - like those obvious crocodile tears that were shed over Kim of N Korea.

Ugh, most people are too close to it to see it but it is ABUNDANTLY clear.

I would recommend anyone to watch Yuri Bezmenovs lecture on how the west gets subverted to Communism. He was a soviet defector who used to subvert countries and bring them into the soviet fold for a living.

the family fridge

Kerala in India has a long history of electing communist party politicians. It has the highest literacy rate and lowest infant mortality in India due to its policies.

kibbutzes

German Peasant's War (where the word communism derives), Paris Commune, two Russian revolutions minus the Bolsheviks, Makhnochina, Spanish revolution, German revolution, May 68, etc. etc. etc.

Losing in the first half don't mean the game's over.

I don't think Communism has ever worked as Capitalists are always creaming off the top.

A great book on the subject is Eat The Rich by the US satirist (and huge drug consumer) P.J. O'Rourke. I think his and my politics are probably polar opposites, but you could get fucked up at a party with him and have an amazing time. Anyway, good book. Breaks down all sorts of different political stances, and Good Communism is one chapter, and Bad Communism another. He's a funny guy, but maybe don't consider it as in depth reasoned academic analysis.

Ah, fuck. He died in 2022. No future parties.

The West is the best. Don't have a Mao

The only people with positive stories perished in the gulags.

"It was a laugh in the beginning, but things went steeply downhill shortly after."

I don't think you'll find any. They've tried it and hundreds of millions died. Ok in principle but man's greed quickly takes over.

yeah it's the trickery of it from the knowers side and the sheer gullibility from the mark.

"From each according to his ability, to each according to his need"

To the naive person, this quote from Marx sounds like everyone will just pull their own weight for others and everyones needs will be met.

But with the benefit of hindsight, it is clearly a recipe for slave labour/the gulag system where each man is worked to his utmost but only has his basic needs met. Pretty clear with the benefit of hindsight.

There are no luxuries. Worked to the max, as much as your body can stand and in return you are provided a concrete bed, thin blanket and bowl of gruel twice a day. From each according to his ability, to each according to his need.

Cambodia - says it all.

Communism is inherently tyrannical. History shows that. There aren’t any examples of success for a reason. It goes against the human spirit. Millions more died die to its tyranny than under the Nazis but you never see documentaries on the BBC or Netflix about Stalin, Mao or Pol Pot. Capitalism isn’t perfect by a long way but meritocracy is natural and drives progress. People to an extent sort themselves into roles and structures on natural ability and interest. Socialism just teaches people to rely on the state whilst the state gets to dictate how people think and behave. It’s ideological tyranny on the one extreme and financial exploitation of a liberal society by the few on the other. My grandad was a carpenter and paid his subs to his union for years until he acknowledged the financial and ideological corruption that it was based on.

The Mings did it a lot more peacefully right before that

I was shocked how the world originally laughed at European products, they really were bumpkins.

This is a reminder of what a primitive concept mercantilism is.

So I work in the property industry in London and offices are being turned into flats and hybrid let offices where u pay a rent for a desk ! , some businesses are forcing people back in lately

Yes they will come back once all this wokey non-sense gets put to bed 🙏

FB had something to say about the normalization of corruption that describes our time:

“When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.”