One who intends to leave others better off for his having existed.


Keynes and Nicolas on currency debasement (QE), aka money printing like the Fed and most other central banks are doing at the same time

"Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.

The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth. Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become ‘profiteers,’ who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat.

As the inflation proceeds and the real value of the currency fluctuates..., all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.

Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."

John Maynard Keynes, 1919
"ALTHOUGH THERE ARE COUNTLESS MALADIES that are forever causing the decline of kingdoms, princedoms, and republics, the following four (in my judgment) are the most serious: civil discord, a high death rate, sterility of the soil, and the debasement of coinage. The first three are so obvious that everybody recognizes the damage they cause; but the fourth one, which has to do with money, is noticed by only a few very thoughtful people, since it does not operate all at once and at a single blow, but gradually overthrows governments, and in a hidden, insidious way."

Nicolas Copernicus, around 1525
The thing is, we print, and the other central banks have to print more to keep up. 

Watch interest rates.

Interest rates are a measure of confidence.

How many are aware?

How many are about to become more aware?

When does the awareness of X amount of people cause a change in confidence?

Happens quick usually.

I heard the frog in the pan tale isn't really true for frogs.

Problem is, it's true...

Good to live in the country with the reserve currency and a big ass military that controls global oil transport and commerce.

Not good to live where the central banks are printing the most and interest rates are the highest.

History is rhyming.

I believe we are entering a period of consequence.

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