tag:blogger.com,1999:blog-4490468598422095060.post1170160563639847267..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Savings & Capital Theory Open ForumFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger225125tag:blogger.com,1999:blog-4490468598422095060.post-58902410373293861772012-03-16T06:57:28.519-07:002012-03-16T06:57:28.519-07:00Bjorn: I value your contributions to the forum, as...Bjorn: <i>I value your contributions to the forum, as the diabolic advocate that you are. :-)</i><br /><br />+1<br /><br /><i>The only point is: whos stick? All?</i><br /><br />Thou shalt only wield thy monetary stick over the people of thine own dominion? Yay and verily!<br /><br /><i>What stops it growing again?</i><br /><br />Not a lot. Thine own people submitting to the monetary stick, and/orDPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-78030716239263022472012-03-16T06:19:01.702-07:002012-03-16T06:19:01.702-07:00Bjorn,
"..have come to expect, is that the l...Bjorn,<br /><br />"..have come to expect, is that the lenght and thickness of the money stick is about to be cut quite dramatically, to the benefit of the majority of the humans."<br /><br />okay, I can follow that one. The only point is: whos stick? All? What stops it growing again? <br /><br />Remember, even if Freegold develops it will not stop the setup:<br /><br />That with public AdvocatusDiabolihttps://www.blogger.com/profile/05290930478826481037noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-84516153678748810212012-03-16T05:25:52.478-07:002012-03-16T05:25:52.478-07:00AD.
Unlike, as it would seem, most here, I value ...AD.<br /><br />Unlike, as it would seem, most here, I value your contributions to the forum, as the diabolic advocate that you are. :-)<br /><br />I will try to sketch my view a bit further. <br /><br />I think that the pursuit of happiness in Mises´s definition of it IS the drivng force. The thing is that for some, pursuing happiness includes pursuing power and dominion over others. Some of themBjornhttps://www.blogger.com/profile/12516935140748351764noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-19359480474544802292012-03-16T03:24:18.945-07:002012-03-16T03:24:18.945-07:00P.S.
And not to forget in the directors plane RELI...P.S.<br />And not to forget in the directors plane RELIGION. Just look at ancient egypt where the pursuit of happiness appeart to be dying for building pyramids, or in the dark age dying for building cathedrales.AdvocatusDiabolihttps://www.blogger.com/profile/05290930478826481037noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-69396064953031466492012-03-16T02:59:30.529-07:002012-03-16T02:59:30.529-07:00Bjorn,
thanks for your posts making things even cl...Bjorn,<br />thanks for your posts making things even clearer:<br />We got the monetary plane (token, credits, promises, ownership titles...)<br />We got the physical plane (tools, resources, available labour force, products)<br /><br />What's missing? Jep, the decisions taking plane.<br />So even Mises agrees that "pursuit of happiness" is (or should be???) the director.<br />Let&#AdvocatusDiabolihttps://www.blogger.com/profile/05290930478826481037noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-14241592843208739932012-03-16T02:11:57.001-07:002012-03-16T02:11:57.001-07:00"The pursuit of happiness" in the words ..."The pursuit of happiness" in the words of Mises: "Acting man is eager to substitute a more satisfactory state of affairs for a less satisfactory. His mind imagines conditions which suit him better, and his action aims at bringing about this desired state. The incentive that impels a man to act is always some uneasiness. A man perfectly content with the state of his affairs would Bjornhttps://www.blogger.com/profile/12516935140748351764noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-10819319606976596622012-03-15T19:34:09.514-07:002012-03-15T19:34:09.514-07:00Forgive me for the somewhat OT contribution but I&...Forgive me for the somewhat OT contribution but I'd just like to note that in the span of roughly two days we now have three whistle blower accounts-we can debate the one from the putative JPM employee- but the one from Greg Smith and this one<br /><br />http://www.zerohedge.com/news/terminated-cbo-whistleblower-shares-her-full-story-zero-hedge-exposes-deep-conflicts-impartial-?utm_source=Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-9879153749187026682012-03-15T18:26:29.880-07:002012-03-15T18:26:29.880-07:00Ok if you insist on having a plane for the humans,...Ok if you insist on having a plane for the humans, here you go.<br /><br /><a href="http://a.yfrog.com/img525/5909/fhpf.jpg" rel="nofollow">Super Plane</a>Nickelsaverhttps://www.blogger.com/profile/17252539946241943478noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-8325664642810632182012-03-15T17:59:37.633-07:002012-03-15T17:59:37.633-07:00Wisedom
Yes, "Life on the Ant Farm" is ...Wisedom<br /><br /><i>Yes, "Life on the Ant Farm" is one of the greatest prospects on how to take an approach on considerations.</i><br /><br />It gets funnier every time I read it.Nickelsaverhttps://www.blogger.com/profile/17252539946241943478noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-85060156564691044452012-03-15T17:57:57.454-07:002012-03-15T17:57:57.454-07:00Gary,
thanks for your feedback, although you only ...Gary,<br />thanks for your feedback, although you only post stuff without new thoughts, luckyly for all of us you combined two of my posts, givin a new perspective I missed to concentrate in this form:<br /><br />"AD....The pursuit of happiness, without robbing others?<br />Yeah, that'll be it, the sole motivator for economic"<br /><br />Yeah, sounds trivial and therefore almost AdvocatusDiabolihttps://www.blogger.com/profile/05290930478826481037noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-46154552062190996562012-03-15T17:24:11.827-07:002012-03-15T17:24:11.827-07:00Oh, another classic...in the midst of a discussion...Oh, another classic...in the midst of a discussion of capital and savings....<br /><br />what is the wise aim of the superorganism?"<br /><br />AD....The pursuit of happiness, without robbing others?<br /><br />Yeah, that'll be it, the sole motivator for economic action and deployment of capital is the pursuit of happiness. Oh, and not robbing others. Genius. Really very helpful in Gary Morganhttps://www.blogger.com/profile/09934552877086935070noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-27728819051405327722012-03-15T17:17:50.076-07:002012-03-15T17:17:50.076-07:00"All the buildings made of stone and mud, the..."All the buildings made of stone and mud, the horse carts and agricultural tools, the linens and skins worn as clothing, the knowledge base passed down through generations; all these creations of man's intellect were the capital of the time."<br /><br />AD said.....'nope, no humans found...'<br /><br />Sigh, he almost went away, then someone answered him again, now we are Gary Morganhttps://www.blogger.com/profile/09934552877086935070noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-35226383680773057662012-03-15T15:21:33.795-07:002012-03-15T15:21:33.795-07:00Julian,
very great inputs, lots to thing about...
...Julian,<br />very great inputs, lots to thing about...<br /><br />"what is the wise aim of the superorganism?"<br /><br />The pursuit of happiness, without robbing others?<br /><br />Greets, ADAdvocatusDiabolihttps://www.blogger.com/profile/05290930478826481037noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-59723882671706493162012-03-15T14:51:21.957-07:002012-03-15T14:51:21.957-07:00http://youtu.be/Zy4K7lFFZIIhttp://youtu.be/Zy4K7lFFZIINickelsaverhttps://www.blogger.com/profile/17252539946241943478noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-65084517659370104422012-03-15T14:50:11.939-07:002012-03-15T14:50:11.939-07:00Some opinion on the Goldman Sachs resignation by M...Some opinion on the Goldman Sachs resignation by Martin Armstrong, who has previously butted heads with GS, because he wouldn't join the "Club" (see for instance http://fofoa.blogspot.com/2009/04/martin-armstrong-on-goldman-sachs.html):<br /><br />http://www.martinarmstrong.org/files/Pi/index.htm<br /><br />Really a call for the death of the Vampire Squid based on the (IMHO) burningfiathttps://www.blogger.com/profile/15830817879033179597noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-40941459132619833042012-03-15T12:13:39.566-07:002012-03-15T12:13:39.566-07:00malinvestment is a form of consumption
the opport...malinvestment is a form of consumption<br /><br />the opportunity costs are eaten away<br /><br />time structure of nature has generation and destruction<br /><br />laws of thermodynamic energy say that is change of state, but the energy itself doesn't extinguish, although its form/state might no longer allow us humans to access it for capital enterprise<br /><br />spending/investment/julianhttps://www.blogger.com/profile/07723030384717346108noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-31845255880535668512012-03-15T12:05:23.079-07:002012-03-15T12:05:23.079-07:00Sorry, but I didnt intend to confuse or dilute any...Sorry, but I didnt intend to confuse or dilute anything, just pointing out.<br /><br />Okay there are also philosophical matters about that, so once in a while you can fall of the edge into nihilism.<br /><br />But besides philosphical matters, just think of a much more easier practical example: The main task of the FED is to avoid unemployment.....hmmm...I dont know good? bad?....let's look AdvocatusDiabolihttps://www.blogger.com/profile/05290930478826481037noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-67536677930417662182012-03-15T11:27:10.369-07:002012-03-15T11:27:10.369-07:00AD,
Now it is getting philosophical, right. Huma...AD, <br /><br />Now it is getting philosophical, right. Humans: Mind or matter?<br /><br />Know thyself - get you some<br /><br />It will probably require some Mindfulness. Don't overdo the introspection though. You might find out stuff like work, money, society and even gold is not really needed :-)<br /><br />/Burningburningfiathttps://www.blogger.com/profile/15830817879033179597noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-70336530878675823552012-03-15T11:08:08.302-07:002012-03-15T11:08:08.302-07:00off topic, but just checked in on the ECB balance ...off topic, but just checked in on the ECB balance sheet, and sure enough, gold is 65 percent of reserves, while foreign currencies are a mere 22.7 percent.<br /><br />http://www.ecb.int/stats/external/reserves/templates/html/201201eur.en.htmldragonflyhttps://www.blogger.com/profile/09557561635871184834noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-5646283811537971612012-03-15T10:48:53.775-07:002012-03-15T10:48:53.775-07:00AD,
I'll try to make this quick because I mus...AD,<br /><br />I'll try to make this quick because I must be away from the computer for awhile.<br /><br />I actually am finding value in your contributions, as they cause me to think and serve to solidify my understanding. Although, I do not believe that I would classify them as "wisedom"<br /><br />Your assertion that an addition plane is required reveals either a lack of Nickelsaverhttps://www.blogger.com/profile/17252539946241943478noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-11479132321619389712012-03-15T10:09:41.115-07:002012-03-15T10:09:41.115-07:00NS,
I know you have difficulties, accepting wised...NS,<br /><br />I know you have difficulties, accepting wisedom from mine. Let's read some FOFOA, yes?<br /><br />"Capital, in essence, is a product of the Superorganism. All else is simply unsustainable malinvestment." <br />...<br />"All the buildings made of stone and mud, the horse carts and agricultural tools, the linens and skins worn as clothing, the knowledge base passedAdvocatusDiabolihttps://www.blogger.com/profile/05290930478826481037noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-57113243576261386112012-03-15T09:42:18.602-07:002012-03-15T09:42:18.602-07:00http://en.wikipedia.org/wiki/File:Intersecting_pla...http://en.wikipedia.org/wiki/File:Intersecting_planes.svg<br /><br />Humans exist in the physical plane, and interact with the monetary plane.Nickelsaverhttps://www.blogger.com/profile/17252539946241943478noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-4244255707304686362012-03-15T09:08:35.122-07:002012-03-15T09:08:35.122-07:00AD,
The humans are the ones looking at the model....AD,<br /><br />The humans are the ones looking at the model.Nickelsaverhttps://www.blogger.com/profile/17252539946241943478noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-2189491239418039162012-03-15T09:02:41.743-07:002012-03-15T09:02:41.743-07:00FOFOA,
Why dont you add between the monetary plane...FOFOA,<br />Why dont you add between the monetary plane and the physical plane also a new additional "human plane".<br />Because amazingly this element is in most modells completely missing. Having only the MP & PP, the system should be deterministic. But it is not, there is defintely a third plane. The humans are really a special breed of there own. They can both be influenced by AdvocatusDiabolihttps://www.blogger.com/profile/05290930478826481037noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-15461846315470653042012-03-15T08:50:06.954-07:002012-03-15T08:50:06.954-07:00Bjorn & Julian
Julian. It may well be that yo...Bjorn & Julian<br /><br /><i>Julian. It may well be that you have a lot to learn. We all do! But I feel that you have come a long way towards (quite beautifully) answering your own question regarding how saving expands the economy. I would however like to make a small addition.</i><br /><br /><i>"Is it the forwarding of the excess production to another, whom had over time saved their ownNickelsaverhttps://www.blogger.com/profile/17252539946241943478noreply@blogger.com