Dorion Mode - A blog by Robinson Dorion.

I've written on these pages that when "interest rates" aren't discovered through the price system of the unfettered, laissez faire market, they're not interest rates, but the fountainhead of state propaganda. In this article we'll explore what that means. To start, let's set the table with threelips from hostis humani generis :

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⁽ⁱ⁾ 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 wildly from month to month, 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.

-- -- The Economic Consequences of the Peace by John Maynard Keynes, 1920 (cached).

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.

-- -- Gold and Economic Freedom by Alan Greenspan, 1966 (cached).

Leslie Stahl : That was behind the scenes, in public Greenspan was inscrutable whenever Congress asked about interest rates. He resorted to an indecipherable, Delphic dialect, known as "Fedspeak".

Alan Greenspan : I would⁽ⁱⁱ⁾, I would engage in some form of, uhm, Syntax Destruction, which sounded as though I were answering the questions, but, in fact, had not.

Leslie Stahl : We showed him a tape of him at a hearing.

Alan Greenspan on tape reading to Congress : Modest, preemptive actions can obviate the need of more drastic actions at a later date and that could destabilize the economy.

Alan Greenspan : Very profound.

Leslie Stahl : Very profound, impenetrably profound. In other words you worked on these.

Alan Greenspan : Oh, of course !

Leslie Stahl : You worked on making it even mo... but what would often happen is, you'd get two newspapers with opposing headlines coming out of the same hearing.

Alan Greenspan : I succeeded.

-- -- Alan Greenspan on 60 Minutes.⁽ⁱⁱⁱ⁾

So there you go, the first quote from the Patron Saint of the socialist, interventionist "economists" quoting the terrorist Lenin to demonstrate the both of them were well aware of the mechanism and end game of inflationary monetary policy.^(iv) Fiat central banking was the revolution, syntax destroying, interventionist monetary policy was the progress and Bitcoin is apocatastasis, indeed.

The second two are from Ally Greenfin.^(v) Greenfin's first quote is absolutely correct, written as he was crawling out of Alisa Rosenbaum's dry, cigarette smoke filled^(vi) cunt. The full essay is quite the read. He explains why money is useful and how it emerges through the market process and the imbalances caused by the price fixing can be sorted out and fixed.^(vii) More interestingly though, how the Federal Reserve's debauchery of the Dollar to prop up the British's politically motivated action to suppress their propaganda rates^(viii) caused the speculative stock market bubble that culminated The Roaring Twenties. Furthermore, he explains that while there were bubbles in the relatively free banking, central bank free era prior to the 1913 establishment of the Federal Reserve, the downturns weren't as deep and the recoveries faster because sound money provided natural limits which caused interest rates to rise and society to smarten up.

Greenfin's second quote is a big FUCK YOU to the human race, emboldened, italicized and underlined. He knew,^(ix) as Federal Reserve Stoolman^(x) for two decades, that he was debauching the currency by using the price control mechanism that is "monetary policy" to set the propaganda rate too low. He knew his actions were causing the misallocation of resources and moral hazard^(xi) and that by making money cheaper during market downturns he and the "Plunge Protection Team" were preventing the malinvestments made in the cheap money environment from being purged and preventing capital allocators from smartening up. Then he brags about speaking nonsense, Syntax Destruction, and lying to Congress.

Meanwhile, nearly six decades following his essay and nearly two decades following his tenure as Stoolman, millions upon millions of capital allocators go through the ritual of hyperventilating into paper bags every coupla months as the current Stoolman spews well practiced lies to the cameras. How could it be that they don't know what Greenfin wrote and said ? What percentage of "finance professionals" have performed their utmost duty and done the holy due diligence on the money they use as the basis for all their numerary measurements ? Probably about the same number who could identify the $4 quarter from the $0.05 quarter in the wild, that's where I'd lay the odds at least. Fucking Jabronis. The finance professionals who can pick the precious from the base and can intellectually afford a functioning Linux, one by one, have been defecting to Bitcoin.

To the others, the truth isn't something objective that words with objective meaning are meant to help uncover and understand. To them, the truth is fashion, a kink. They don't care what the truth is, they have faith. The US no longer Dollar's value is based on the "full faith and credit of the United States" after all, innit ? When you share such details with them, they're not considering what you say as you say it, they're considering what the other sheep they're acquainted with might say should they decide to start thinking and should the thinking lead them to leave the flock. It's not something conscious or deliberate, they're simply spinning on how the truth will alienate them, not just from the sheeple in their flock, but from their conception of themselves. If they were foolish enough to swallow this lie, what other lies and might they reveal if they stop spinning and learn to start thinking ? If they're male, they'll lash out, if they're female, they'll run away, either way, it's cognitive dissonance all the way down. Indeed, only the very, very rare can receive a righteous slap and fix the issue that caused their slapping.

As with all propaganda, the propaganda rate relies on a false choice. In this case it's presented as a few^(xii) false choices : cut, raise or keeps rates the same. The correct choice is never tabled, i.e. to dissolve the institution^(xiii) such that interest rates can actually emerge through the market process. The rest of the propaganda flows from there, "Should we waste a shitton on ABC or a fuckton on XYZ ?" The correct choice of reducing spending by 99.99999% is never asked. Fortunately for human kind Bitcoin is doing it for them. Oh, you think I'm kidding ? I am not kidding. The proof is in the purchasing power, pal.

So there you go. Even though in no longer Dollar terms Federal spending is up 108% over the eleven years between the third year of Bahamas' second term and the second year of Pidden's first term, in terms of satoshi it's down over 99.99%, so less than a trio of nines to go until that seven nines stated above is realized. Pro tip, it won't stop there either because as you can see, the 2022 expenditure was still more than five times the total possible Bitcoin supply. And this is only the expenditures of one socialist criminal gang we're talking about ; even if it's the fattest, this sort of obesity is the pandemic.

Why is this happening ? It's because Bitcoin is the most economic form of property to own. If you know what you're doing, it's exponentially more costly to steal compared to gold. Thus, with it in hand, capitalists are doing what they failed to do with gold : deconstruct the welfare state through a war of attrition.

When it's all said and done and bribes are made in Bitcoin and taxes as they're known to modernity are dead and all the useless, wasteful expenditure is excised, and the bumbling bureaucrats of the former USG^(xviii) are selling their blonde and brunette babes on the open market^(xix) for bitcents the combined spending of the people who made up that dead entity will be fortunate for their outlays to sum to... worms.

In closing, how about another quote from Keynes :

The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men who believe themselves to be quite exempt from any intellectual influence are usually the slaves of some defunct economist.

-- -- The General Theory of Employment, Interest and Money, Chapter 24, Section V by John Meynard Keynes, 1936

So there, will you continue to be a slave to the long defunct Keynes and Greenfin and their fee simple, syntax destroying nonsense ? Or are you going to learn to start protecting what matters and strengthen your grip such that you can hold the digital alodial title that is Bitcoin and contribute to syntax construction ? Don't dither too long, clocks are ticking.

1. Something that is deserved or merited, especially a punishment. [^]
2. While wearing a shit-eating grin. [^]
3. I'm not sure the year, it's likely from the 2000s, toward the end of his regime. CBS has no functional archive to speak of since they're not interested in building a structure of meaning, but rather deconstructing the structure of meaning. If it's not Today ! Now ! their not interested. [^]
4. Speaking of 1920, did you ever hear of the great depression from that year ? Hm ? I'll not let it detain us here, but mark my words I'll return for it in a future article. [^]
5. That's how he's characterized in How and Economy Grows and Why It Crashes by the Schiff brothers. There is also a Ben Barnacle character who is his successor. No Hussein Bahamas as POMPOUS in there though as 'twas published prior to the forum, and not like Peter was savvy enough to read it in the first place. Anyways, fuck them, they don't get the name their dumb mothers gave them. They pissed off the wrong people, so they get pissed on, forever. [^]
6. No offense to smokers in the readership. [^]
7. Commonly referred to as recession. [^]
8. If the price of money is not discovered through an unfettered market process it's an abuse of language to call said rate and interest rate ; thus, I refer to it as the propaganda rate, since that's what it is. [^]
9. While the devil himself knows not the mind of man, we have a pretty good idea when he writes it in plain text. Furthermore, Ron Paul, the only modern Congressman with enough brain cells to rub together to see through the syntax destruction, shares that when he had Greenfin sign an original copy of the essay, he asked if he'd change anything to which Greenfin's reply was he "wouldn't change a single word". So there you go. [^]
10. Because he sits on a stool turned upside down as stools spew from his mouthhole. [^]
11. Why should anyone be prudent stewards of capital if the Greenfin Put is there to bail out and socialize losses anyways ? [^]
12. Such abundance and freedom to choose from !!! [^]
13. True story : in my third and final year of university before going pro early, I earned the honor of a 7 out of 100 on a "Macroeconomics" final exam for an essay in which I argued the correct response of the Federal Reserve to a recession is to dissolve the institution. Their propaganda rates created the bubble anyways, the least they could do is fall on their sword. You see, I had read Greenfin's essay a few times that semester, on my own time, so it put some wind in my sails.

    A certain Stephen Greenlaw was the fat toad* pukefessor** who awarded me all 7 of those 100 possible points for not regurgitating the Keynesian spew. You see, I was a failure in his eyes because I approached the question thinking through the actual problem, I didn't care about that cunt's socialist misrepresentations, I cared about the truth. No wonder I felt as though The Fountainhead was written to me when I picked it up and couldn't put it down a couple of weeks later. Howard Roarke was gladly expelled from his Uni on similar grounds and wanted to go work for an innovative Architect "everyone" thought was crazy, but he knew was right. Paying for schooling by socialist professors gets in the way of one's education and future prospects.

    ___ ___
    * He was morbidly obese and uglier than most frogs.
    ** He didn't teach, for he had nothing of value to share, he simply puked up syntax destroying nonsense. [^]

14. In Trillions of US no longer Dollars. [^]
15. The Bitcoin Value of $1 [^]
16. As of January 1st of each year [^]
17. Purchasing Power of Expenditure in BTC [^]
18. Just like it was called the former USSR, ya'know ? [^]
19. You know, like Bahamas, Pidden, Clitler and co did to the richest country in Africa when said Africans had the impudence to suggest backing their dinar with gold. Something like that. [^]