TFMR Podcast #44 - Jackass on the Barbie

318

For a holiday treat, Jim Willie stops by for an informative and enlightening podcast.

Jim and I cover three main topics today:

  1. The recent takedown in gold and silver and the incredible physical demand which followed.
  2. News and behind-the-scenes events related to the recent G20 meeting in Turkey.
  3. The Fed's ongoing ZIRP and QE∞ and their total inability to exit the treasury market. Ever.

So there you have it. Nearly 45 minutes of uninterrupted Jackassian wisdom. Enjoy.

Have a great weekend!

TF

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SilverSurfers
May 30, 2013 - 12:43pm
Gold Dog
May 28, 2013 - 10:26am

On Collectivism and Individualism

There is a need for both.

A family, tribe, sports team, or company has to be a collective under the leadership of a Benign Dictator. Their success depends on the Leaders abilities as well as the individuals abilities and willingness to contribute for the benefit of the whole.

These associations are typically voluntary or a random act of heredity. Even at the smallest level, there needs to be a system of rewards for achievement and punishment for transgressions.

In these collectives, those that are voluntary usually have the most content members, they enjoy the ability to drop out. We all know families that are dysfunctional due to bad leadership of the parents. This INVOLUNTARY involvement is very destructive in many cases.

The argument for letting the individual walk his own path, unfettered, in society and achieve his productive goals and the resulting behavior can be found by looking no further than me.

I have been able to, through activities that were voluntary by all involved, earn what many would consider a sizable pile of wealth.

(Break- Just spent a half on the phone with an old friend. He is in the hotel supply business, furniture, carpet, pictures on the wall, etc. He says he's busy as hell. Occupancy rates are still weak but the chains have delayed refurbishment as long as they can.)

My wealth is used in many ways for the good of the community and the good of both my family and my tribe. My wife and I see to the education, health care needs, clothing, food and other essentials for strangers in a big way and have trained our children to do the same.

If I was not sending so much money to DC and Springfield I could do much more. Our success rate is extremely high on changing lives for the better.

In a nutshell, at the local level, voluntary collectiveness, at the macro level individualism is the philosophy that I support.

You are both right, Fix is MUCH more righter! Ha!

Your friend,

Dog

TJeffson
May 28, 2013 - 9:18am

@Mr Fix

I was quoting QE .... so I could reply to his specific statement. I'm an Anarchist/libertarian ... I don't believe in any collectivism nor any form of government.

Mr. Fix
May 27, 2013 - 11:45pm

@ TJeffson, just one question

I see your point on collectivism taken to an extreme, but you definitely stated that individualism taken to its extreme would not be any good either. Would you like to venture as to why that is?

I personally don't think that there is any such thing as too much individualism.

I'm asking you to think “outside of the box” and come up with a scenario where to much individualism would be bad.

Keep in mind, the two laws that I stated above.

Don't lie.

Don't take other peoples stuff.

After that, do whatever you damn please.

Works for me.

TJeffsonQE to infinity
May 27, 2013 - 10:51pm

@QE

"I personally think that a healthy balance between individualism and collectivism is good, while extremes on either side are not. Socialism is never good."

the problem with any collectivism is that it means some must give up (or have it forcibly taken) some of their freedoms, rights, or property. Individualism is the only way people can be free and the only way to prevent tyranny. It's also the best way to spur innovation.

QE to infinity
May 27, 2013 - 9:46pm

So.. collectivism did not

So.. collectivism did not kill folk entirely, it managed to keep then breathing, just! = socialism/collectivism good?

I didn't say that socialism was good. If it had been that good, the USSA wouldn't have collapsed. It collapsed because sooner or later socialism runs out of other people's money.

However, socialism and collectivism aren't identical. Different cultures value individualism or collectivism more, Russians have always valued some collectivism, long before socialism was forced upon them.

I personally think that a healthy balance between individualism and collectivism is good, while extremes on either side are not. Socialism is never good.

However, my comment about how people survived during the collapse of the Soviet Union was more factual rather than ideological.

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Bugzy
May 27, 2013 - 9:17pm

For QE

So.. collectivism did not kill folk entirely, it managed to keep then breathing, just! = socialism/collectivism good?

Nope, still cannot seem to get the buy in. Sorry.

Individualism created the greatest freedom and wealth ever know to human kind.

There are of course externalities (pollution issues) which really ought to have some legislation/cost. How to do this would be a nightmare though; there is no one ideology which fits all - force USA onto CO2 tax and leave them less able to compete with those who choose not to comply. No easy fixes.

Benign dictator - now that would be something! as the cost of democracy with its short term agenda is laughable and those controlling both sides have the long term agenda, that is why they are winning.

Bit of an oxymoron - benign dictator.

TJeffsonalan2102
May 27, 2013 - 9:03pm

@alan re Darwinism

"I don't blame you for feeling uncomfortable when similarities are pointed out between what you are saying and what the Nazis and Hitler were saying. But there it is, in black and white. And I can provide you with plenty of bibliographic material, if you like; there are lots of good books on this subject. ".

What you fail to grasp is that Fix isn't talking about statists. You're using a collectivist group that used the state to eliminate the weak. In a free society, nature will cull some of the weak (those that fall through the cracks) while families (or friends ) will take care of their own "weak". You statists (collectivist s) always use the force of government to do your bidding (eliminate the weak or prop them up via theft). Bringing the Nazis into this is just a tactic to silence your adversary because of the horrible things they did.

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