HoltesThoughts

Tuesday, October 13, 2015

First Democratic Debate

You can watch the debate at:

http://fortune.com/2015/10/09/democratic-debate-online/

http://go.cnn.com/?stream=cnn

Monday, October 12, 2015

The arrival of the ship wrecked Sailor

Thoughts for Columbus Day

Commerce around the world easily pre-dates Columbus. That we don't have much in written records doesn't mean that the archeological and genetic record doesn't show that we humans have used the oceans for commerce a lot longer than since 1492. Humans have been traveling all over the world for centuries. Siberian people's peopled the Americas, People started in Africa and then migrated to Eurasia, and then vice versa. Anyone who thinks that all this travel is one way is engaging in borderline thinking.

My own theory is that many of these trips were one way due to a combination of technological limits and human limits. For example the similarity of some South American pottery and Japanese pottery of similar period, may well owe to sailors using pacific currents to catch fish and winding up in South America. The Toltecs could be evidence of two way trade routes with Africa. And who knows, people may have crossed from the Americas to Europe and Africa in one direction and across the pacific -- long before Europeans went there in their tall ships. Thor Heyerdahl postulated that some of the people in Easter Island immigrated from the Americas -- and that others wandered in from Polynesia. Humans are remarkable. The book cited below describes how the British and other Atlantic Islands may hae been home to "Finns" who used technology similar to the Eskimos as well as other skin covered boats. He also suggested that such sailors could swim, and wore suits made of Sealskin. Such suits would have been remarkable clothing, like modern wetsuits. Certainly there were "Finns" among the Vikings. Whether they came from East or West might have been immaterial. We know that the ancients of the bronze age, got their copper and tin from Islands. Certainly the "Cassiterides", maybe the Scilly Islands too.

Who Knows? There might have been two way trade in those "dark ages." Columbus didn't discover the New World, he publicized new trade routes and stuck "For Sale by New Owner" signs on their Shores. Maybe he was looking for a place to bring friends and business partners to escape his motherland; as the day he left Spain was also Tisha B'av, and the day that Queen Isabella and Ferdinand had expelled Jews from Spain. In a way all immigrants are shipwrecked sailors. They stay, sometimes because they see opportunity, but always because they see no way home.

Wanted to write this down for future reference.

Sunday, October 11, 2015

Disambiguating Capital from Simple Wealth

To the modern wealthy, as Piketty notes, [See Capital Versus Unearned Wealth] all wealth that is not paid in labor compensation is Capital. Effectively, and in modern Newspeak this is true. But the reality is that Actual Capital as a moral and effective mover of general prosperity is not synonymous with all wealth. This conflation of arrogated wealth in the hands of an elite and actual capital is...

The Verbal Sleight of hand of the Supply Side movement

https://www.facebook.com/www.adme.ru/videos/10153193745950172/
We live in circles. Closer and farther, tangled and mangled The family is a circle we can't break, tied by heart-strings that stretch and shake, and thin Our hearts will break before they do.
Ties of love and affection do not go away, though the strings may rot and stretch, They can stretch so thin, they become invisible and tracking them down is impossible.
But they never really are gone. And when we've cared for someone We know because part of them lives on, no matter how far they go.
Inner circles and outer circles. Are fences to keep our hearts within; Because the ties don't break, though they stretch and shake, they thin Sadly, our hearts do break, and a piece breaks off with them.

Christopher Hartly Holte, 10/11/2015

Rest of Images:

http://www.adme.ru/tvorchestvo-dizajn/fei-iz-provoloki-725210/

Friday, October 9, 2015

The Predator State - Review of James Galbraith's book

Review of Galbraith's Book on the "Predatory State" (part one)

In the book "The Predator State" James Galbraith shows the history; genesis, development and fashion shifts in the governing ideology and moraes of our political economy. more immediate. He's showing how we are a Predator State, and how Tory "Con" economics is warping our economy.

{This is going to take several posts.}

The Newspeak of the Reagan Revolution

When James Galbraith (following in the footsteps of J.K. Galbraith) writes on economics and it's ills, he's describing the results of a predator state ideology that has it's roots in Empires dating back to the Classical period, but is heavily influenced by what can be called "Tory Economics". James Galbraith has explicitly written on the subject of the "Predator State" and calls one of his books by that name.

Not So Innocent Frauds

A Review of J. K. Galbraith's book "The Economics of Innocent Fraud"

Reading this book by John Kenneth Galbraith is like hearing someone preaching to a choir. In this book about not so "innocent Frauds", Galbraith identifies pretty much most of the shibboleths of the 20th century and tags them as the frauds they were.

While some of the frauds he identifies were identified as frauds before he was born, even so the man deserves a lion's share of credit for the entire 20th century and he fought a rear guard action against those frauds when they were first offered up as "fine new clothe that only a fool can't see how valuable it is". He's actually kind to the Reagan Revolution. He calls what to me were diabolical and almost violent frauds. But by "innocent" Galbraith is referring to the fact that most of the believers in these frauds don't know they've been conned.

Definition of Innocent Fraud

"Most progenitors of innocent fraud are not deliberately in its service. They are unaware of how their views are shaped, how they are had. No clear legal question is involved. Response comes not from violation of law but from personal and social belief. There is no sense of guilt. More likely there is self approval."

Fixing our Banking System and Fixing infrastructure are tied

From: http://infrastructurewithoutdebt.org/

The following Youtube article explains the distinction between "Greenbacks" and "Federal Reserve Notes" fairly clearly. One is money notes issued through the privateering banking system. The other are notes issued without interest. What we did during the Civil War points to a way forward for our country.

http://www.youtube.com/watch?v=3P9VsX_o8C4&sns=fb