The criminal science goes after our youth

Since the 1950s the New York Fed has become known as a producer of comic books for young readers, presumably to ease the pain of learning something about "the dismal science" — a derogatory term for economics.  

Truly, the way economics is taught on any level it is closer to criminal than dismal. 

To succeed in a society that still retains some respect for truth criminal theories need to be presented as respectable, ideally with the backing of “the best and the brightest” who are either not so bright or corrupt to the core.  The NY Fed’s comic book The Story of the Federal Reserve System illustrates this cover-up approach.  

While reading the 21-page booklet I was reminded of the expression, “Ask me no questions and I’ll tell you no lies.”  The high school and undergraduate audience for which this is intended will not be dutifully unquestioning.  If nothing else the last few years have raised suspicions among people who were paying attention.  Bright young people with phones and computers pay attention.

Here is how the comic book opens:

“Way, way out, at the edge of the universe…. The planet Novus is experiencing its first economic crisis.

“After an unforeseen ice cream setback, a local business was unable to repay its loan…

“…which put stress on the bank that made the loan…

“…which led to a panic!  Everyone on Novus ran to the bank to take their money out of the bank at the same time.”

Enter President Tilli, who says,

“If we take all the cash from our banks, the whole system will collapse.

“People will lose everything they have worked so hard for!”

Later, in a conference room:

“Instead, the citizens of Novus decided to come together and create a central bank to loan money to other banks—to act as a lender of last resort.”

As the story progresses representatives from Novus visit planet earth to study how the Fed works.  They are told: that the Fed is actually decentralized across regions of the US; that it helps keep the economy running smoothly, and prices stable, by affecting the amount of money and credit that flows through the economy.  Too much lending spurs higher prices, too little leads to falling prices. 

The mysterious gold vault

Curiously, the comic book also mentions the gold vault buried deep under the New York Fed.  It exists, no explanation as to why it exists.

Let’s hope it prompts young people reading this to frown.  What’s up with that? 

Why bury anything?  Why gold?

Maybe the young reader will ask other questions.

The comic book says the Fed was created by Congress in 1913 and signed into law by President Wilson.  By Congress?  Why did Congress get involved?  Why not set up a central bank the way other businesses are set up, without the aid of a special law?  

The Fed was supposed to prevent all those “Panics” that happened in the 19th century.  But have they?  Financial problems are still around, possibly worse than ever.

Where does the Fed get the money to shore up banks that ran out of money?  For that matter, what is money?  Is it something the Fed creates?

It says too much lending will cause “overspending and rising prices” and cause inflation and possibly a crisis if the boom goes bust.  Why are people at the Fed making this decision instead of the people doing the lending and borrowing?

And what exactly is inflation?  Rising prices?  Is inflation better understood as inflation of the money supply?

And why did the banks run out of money?  If a bank is a safekeeping institution it would keep all its deposits for a service fee.  How could it run out of money, unless it did something illegal, in which case it should be penalized? 

If it’s an investment institution running out of money it’s the risk the investor (and the bank) takes.  So why the big panic when this happens?  The bank fails.  So what?  Other businesses fail all the time.

Perhaps the deeply buried gold vault will continue to haunt the young reader and prompt him to do other reading.  

He will read that gold (and silver) coins were once money.  What happened to change money from coins to paper bills issued by the Fed?  And only the Fed?  Gold is sometimes called a "barbarous relic."  If it's a relic why bother to secure it?

He reads further that bankers complained about the lack of an “elastic currency” before the Fed came along.  An elastic currency he learns is one that can be created at will — but not by anybody.  If regular people try it they get arrested for counterfeiting. 

What’s it called when the Fed does it?  Oh, yes, it’s called monetary policy.

And if he stumbles across this quote: 

If a domestic money consists of a commodity, a pure gold standard or cowrie bead standard, the principles of monetary policy are very simple. There aren’t any. The commodity money takes care of itself. — Milton Friedman

He might then wonder about the need for a central bank at all.

***

George Ford Smith is a former mainframe and PC programmer and technology instructor, the author of eight books including a novel about a renegade Fed chairman (Flight of the Barbarous Relic), a filmmaker (Do Not Consent), and an advocate of stateless market government.  He eagerly welcomes speaking engagements and can be reached at gfs543@icloud.com.

 

The Exponential vs. the State

Futurist and inventor Ray Kurzweil wrote an essay in 2001, The Law of Accelerating Returns, that describes an exponential path to what for many is an unimaginable future.  

How certain is the exponential he describes? “We would have to repeal capitalism and every visage of economic competition to stop this progression,” he says.  

In today’s world of collapsing currencies and anticapitalist agendas that repeal is well underway.  Will the exponential be allowed to benefit mankind or will we regress to stagnation and slavery under globalist rule?

The exponential explained

According to Kurzweil,

Exponential growth is a feature of any evolutionary process, of which technology is a primary example. One can examine the data in different ways, on different time scales, and for a wide variety of technologies ranging from electronic to biological, and the acceleration of progress and growth applies. Indeed, we find not just simple exponential growth, but “double” exponential growth, meaning that the rate of exponential growth is itself growing exponentially.

Moore’s Law — the exponential shrinking of transistor sizes on an integrated circuit — is thought to be nearly synonymous with this observation but in fact it is only one example of what Kurzweil calls “a rich model of technological processes.” This has been ongoing “since the advent of evolution on Earth.”  

His analysis shows that although “exponential trends did exist a thousand years ago, they were at that very early stage where an exponential trend is so flat that it looks like no trend at all.” 

Humans live in a linear world, he reminds us, and often believe progress will continue at the present rate.  This is not surprising since any sufficiently short period on an exponential scale will be experienced as linear.  “Even sophisticated commentators, when considering the future, extrapolate the current pace of change over the next 10 years or 100 years to determine their expectations.”

The full impact of exponential growth can be seen in the tale of the inventor of chess and his patron, the emperor of China. 

In response to the emperor’s offer of a reward for his new beloved game, the inventor asked for a single grain of rice on the first square, two on the second square, four on the third, and so on. The Emperor quickly granted this seemingly benign and humble request.

One version of the story has the emperor going bankrupt as the 63 doublings ultimately totaled 18 million trillion grains of rice. At ten grains of rice per square inch, this requires rice fields covering twice the surface area of the Earth, oceans included. Another version of the story has the inventor losing his head.

Where does exponential growth take us?

It will appear to explode into infinity, at least from the limited and linear perspective of contemporary humans. The progress will ultimately become so fast that it will rupture our ability to follow it. It will literally get out of our control.  The illusion that we have our hand “on the plug,” will be dispelled. [My emphasis]

He calls the point of explosion the Singularity.  

It represents the nearly vertical phase of exponential growth where the rate of growth is so extreme that technology appears to be growing at infinite speed. Of course, from a mathematical perspective, there is no discontinuity, no rupture, and the growth rates remain finite, albeit extraordinarily large. But from our currently limited perspective, this imminent event appears to be an acute and abrupt break in the continuity of progress. 

However, I emphasize the word “currently,” because one of the salient implications of the Singularity will be a change in the nature of our ability to understand. In other words, we will become vastly smarter as we merge with our technology.   [My emphasis]

How imminent is the Singularity?  In his magnum opus The Singularity is Near Kurzweil sets the year 2045 for its arrival.  “The nonbiological intelligence created in that year will be one billion times more powerful than all human intelligence today. . . .  Despite the clear predominance of nonbiological intelligence by the mid-2040s, ours will still be a human civilization. We will transcend biology, but not our humanity.”

Advancements in nanotechnology will bring tools to “rebuild the physical world—our bodies and brains included—molecular fragment by molecular fragment, potentially atom by atom.”

By creating universal abundance nanotech will diminish the reasons for “breaking the peace.”

Kurzweil's batting average

For those wishing to assign Kurzweil the status of crackpot, check out his PDF, "How My Predictions Are Faring,” which he published in 2010.  

Of the 147 predictions, Kurzweil claimed that 115 were "entirely correct", 12 were "essentially correct", 17 were "partially correct", and only 3 were "wrong". Combining the "entirely" and "essentially" correct, Kurzweil's claimed accuracy rate comes to 86%.  (Wikipedia) 

Read it and judge for yourself. There are good reasons why he’s received 20 honorary doctorates.  He became a successful entrepeneur by applying his knowledge of exponential trends.

The implosion of the current world order

 

Students of revisionist history and free-market economics understand what’s at stake in today’s world.  The actions of governments in accordance with Event 201, which inflicted a globally totalitarian response to a virus; the stated aims of the WEF where by 2030 what’s left of humanity will become happy slaves of an elite; the extinction of fiat monetary systems brought to ruin by central bank counterfeiting; governments defaulting on their debt and unable to pay its employees — all of this and more will create a world of opportunity perhaps never before seen. 

Freedom and free markets will emerge by default if not by intention.  

Market-chosen money (or monies) will help rescue the world economy.  

With the need for defense of private property the market will provide solutions in accordance with treatises such as Hoppe’s The Private Production of Defense and others.

I need to mention that these are my views, not Ray Kurzweil's.

Conclusion

The future will not be Man versus government Terminators, but rather technologically enhanced humans prospering together.

The State, which will still exist only if we fail ourselves, will be relegated to the dark chambers of history.

George Ford Smith is a former mainframe and PC programmer and technology instructor, the author of eight books including a novel about a renegade Fed chairman (Flight of the Barbarous Relic), a filmmaker (Do Not Consent), and an advocate of stateless market government.  He eagerly welcomes speaking engagements and can be reached at gfs543@icloud.com.

 

Stand firm against the gaslighting liberal world order

Every government degenerates when trusted to the rulers of the people alone. The people themselves are its only safe depositories.

— Thomas Jefferson

Recently one of Joe Biden’s lieutenants, Brian Deese, told an interviewer if high gas prices are needed to attain the liberal world order we need to stand firm.

What do they mean by “liberal world order”?  They’ve given us hints — have you noticed?

Unlike other despotic regimes, the West’s dissent enforcers are usually employed outside government directly, at least for now.  Make private forces do the dirty work of gagging troublemakers with threats, gaslighting, harassment, deplatforming, fining or firing.  Gives the impression of “the people” outraged rather than a cold-blooded bureaucrat.  But when necessary the regime swings into action with election treachery, sustained with a mockery of the rule of law.  And for a Hollywood touch it might send a twentyfold SWAT team to a recalcitrant’s home and haul her in cuffed.  Or for low comedy send a plump covid cop to chase a runner off a closed beach.

The liberal world order means no one should even think about dissent.  It means nothing less than the permanent suppression of all challengers to the approved narrative, perhaps achieved with the Final Solution (extermination of all undesirables), precedent for which is part of American history.  

The Covid War

We’ve seen the early stages of this liberal world order in the Covid campaign.  Normally, in battle, you hate the enemy and make no pretensions about it.  Not so with the Covid War.  The purpose was to kill as many of us as possible while feigning concern for our welfare.  Evidence: The astronomical number of adverse events on VAERS that are being ignored.  (For more evidence peruse the videos on my BitChute channel.)  Given that the enemy (human sheep) doesn’t see them as attackers, it worked wonderfully.  And as we’ve seen it’s still ongoing.  

How could our American leaders act this way?  And how could so many others be self-righteously obedient?

The spirit of free men has always been distrustful of authority, at minimum.  What happened, guys?  You consider yourself free but roll over to anyone anointed with the title of expert while standing in front of an American flag?  The information is out there, Google can’t hide everything, all it takes is some effort on your part.  Get off social media and do some real research. 

Most of us have heard about doctors promoting early treatment of Covid.  Are they charlatans or conscientious medical professionals?  You’re aware of what the CDC, FDA, Fauci, social media, Wikipedia, and the rest of the gang think of them.  I have no medical training, but I can read and make judgments.  So can you.

They were saving lives with HCQ and ivermectin and keeping people out of hospitals.  Dr. George Fareed, Dr. Vladimir Zelenko, Dr. Brian Tyson, Dr. Robert Malone, Dr. Harvey Risch, Dr. Peter McCullough, Dr. Simone Gold and others tried to convince authorities of the necessity of early treatment and the availability of drugs that were inexpensive, safe and efficacious. 

For instance, Dr. Harvey Risch, professor of epidemiology at Yale, testifying before the Senate Hearing on Outpatient Treatment on November 19, 2020 , told the panel:

So what did I find when I investigated hydroxychloroquine in early use among outpatients?  The first thing is that this drug is extremely safe — exceedingly safe.  We know this from common sense.  This is a medication that has been used for sixty-five years by hundreds of millions of people, in tens of billions of doses worldwide, prescribed without routine electrocardiogram screening. It’s given to adults and children, pregnant women, nursing mothers.  Such a drug must be safe, and it must be safe in the initial viral replication phase of this illness, which is in fact in outpatients initially similar to a cold or flu.  

In spite of its safety, surprisingly, in July the FDA posted a warning against outpatient hydroxychloroquine use on its website.  And they did this while at the same time the FDA had no systematic evidence of adverse events in outpatients, and the website itself says it justifies the warning based on evidence that it had on hospital patients, which [as] I said before is invalid [because hospital patients are not outpatients].

There are now seven studies [involving thousands of test subjects around the world] of early use of hydroxychloroquine in high-risk outpatients.  And every one of these studies has found significant benefit. . . . All of these studies showed a 50 percent or greater reduction in risk of hospitalization or death. . . . .

This body of evidence for hydroxychloroquine dramatically outweighs the risk-benefit ratio for Remdesivir, monoclonal antibodies, and for the difficult-to-use Bebtelovimab [?]  that FDA has approved for Emergency Use Authorization 

Do you think a Yale professor of epidemiology is a paid liar or the studies he cites are all flawed or bogus?  If so, what’s in it for him besides the axing of his reputation?  Money?  Who’s writing the checks?  Certainly not Big Pharma.  Remdesivir (brand name Veklury) is the child of Gilead Sciences, a pharmaceutical firm.  And what do you know, NBCNews, no less, had this to say about remdesivir on November 19, 2020, ironically the same day Risch and others were testifying in DC:

The antiviral remdesivir should not be used as treatment for hospitalized Covid-19 patients, the World Health Organization said Thursday, only a month after the Food and Drug Administration approved the drug to treat patients over age 12 who are hospitalized with Covid-19.

Earlier this year (2022) I tested positive for Covid and spent a day in the hospital but for other reasons.  They wanted to hit me with remdesivir, but I said no. 

Later, I saw a printed summary of my treatments with the word “disinformation” as the reason for declining remdesivir.

******

George Ford Smith is a former mainframe and PC programmer and technology instructor, the author of eight books including a novel about a renegade Fed chairman (Flight of the Barbarous Relic), a filmmaker (Do Not Consent), and an advocate of stateless market government.  He eagerly welcomes speaking engagements and can be reached at gfs543@icloud.com.