Saturday, November 15, 2008, 1:34 PM
After we talked a little about the economy on my birthday, I thought it would be helpful for me to write down my understanding of what has been going on for you. I also wanted to do this for myself to help organize my own thoughts. I was hoping to just do a quick write-up, but it turned into a 20-page essay that gets into a lot more detail. I tried to keep it non-technical without dumbing it down. I was also hoping to get into some predictions and investment advice, but I think 20 pages is long enough. I’d be happy to share my advice with you after you read this essay. Feel free to pass it on if you think anyone else would like to read it.
See you tomorrow!
Explaining the Economy to Dad
November 15, 2008 (Dow 8,497)
In order to understand what is happening in the economy right now, it is important to have an understanding of economic principles and history. Far from being a “natural,” emotional market cycle, this crisis is the direct and inevitable result of a fraudulent monetary system forced upon the world by their governments and banks. This broad manipulation of economic activity has been further aggravated by more specific governmental interventions in many markets, most notably the housing market. This essay is divided into four sections: Economic Principles, History, The Housing Bubble, and End Game. The first two sections explain the general causes of the current downturn, and the second two sections chronicle the specific events that have resulted from those causes to lead to the present situation.
Greetings from 2017! And what a great year it’s shaping up to be!
Poverty and hunger have been almost eradicated across the globe, after the surprising discovery that flying killer robots are also capable of delivering bundles of hope and cheer. The resulting outbreaks of good feelings caused people to overlook centuries of colonialism and tribal conflicts and work together as neighbors.
This led to record-breaking agricultural production in all global markets. The abundance of low-cost food further freed up resources for capital investment in critical infrastructure, launching developing nations into a standard of living rivaling, and in some cases surpassing, that of developed nations.
And this is all thanks to the wisdom and beneficence of Our Glorious World Leader. Our Glorious World Leader was the first to recognize the true causes of the problems facing humanity, and to act swiftly and decisively to eliminate The Great Betrayer. Continue reading
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We were recently interviewed on The Tom Woods Show.
This episode includes the discussion with Tom, plus a “post-game” discussion to further clarify some of the points raised during the interview.
“When were you last in Hyde Park? How much are you actually using it? We need to know what it costs us!”
Patrik Schumacher might as well have suggested blowing up the moon when he proposed that Hyde Park in London should be privatized for development.
In a presentation at the World Architecture Festival 2016 in Berlin, Schumacher argued that London’s housing crisis is due to constraints imposed by government policies. In his “Urban Policy Manifesto,” he outlined eight “demands” for radical reductions of regulation and subsidies, and even private ownership of infrastructure and public spaces.
This polemic has predictably catapulted him into controversy, with some applauding his courage while others condemn his callousness, dubbing him “the Trump of architecture.”
But Schumacher is not some alt-right Twitter troll living in his parents basement. He is the Director of Zaha Hadid Architects, a 400-person international design firm that has produced some of the world’s most remarkable buildings of the last three decades, including the Heydar Aliyev Center in Azerbaijan and the London Aquatics Center for the 2012 Olympics. Schumacher was named Director after the untimely death in March 2016 of Dame Zaha Hadid, the groundbreaking Pritzker Prize winner whom Schumacher has worked alongside since 1988.
While he has clearly stated that his political views are his own and do not represent the firm (and the firm’s trustees have emphatically agreed), his position adds gravitas to what might otherwise be easily dismissed by the traditionally left-leaning architectural profession as irrelevant blasphemy.
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Drawing on Joe’s own immigration experiences, we dig deeper into the “Freedom of Movement” conversation and discuss green cards, spouse visas, citizenship, immigrant enclaves, sidewalk entrepreneurship, book clubs, and “Moral Turpitude.”
Part 2 of the Citizen of Nowhere Series.
Q. Why did you become an Australian citizen?
A. I recently bought one of those Australian hats with a wide brim, and I feel like a tourist when I wear it. As a citizen, I will feel more confident about wearing that hat since, legally, I won’t be a tourist.
Q. Where did you buy the hat?
A. Sea World gift shop on the Gold Coast.
Q. One of Australia’s key tourist destinations.
A. Yes. You can only get real, authentic Australiana stuff at hokey tourist traps.
Q. Where do real Australians get their hats?
A. I haven’t seen many Australians wearing hats like that. Probably because they don’t want to look like tourists.
“If we live in a democracy and you don’t use your power to vote…
Shame on us… So what the fuss!
Shame shame shamity shame.“
Stevie Wonder, “So What the Fuss” (feat. Prince and En Vogue)
Power, in the broadest sense, is the ability to act according to your will by exerting control over your environment.
The more power you have, the more needs and desires you can fulfill. You use this power every day to claw your way a little higher up Maslow’s hierarchy of needs. You usually get stuck at “eat Cheetos now and for the foreseeable future” on your journey towards self-actualization.
But things get complicated as soon as your environment becomes polluted with other people. Resources are scarce, and this leads to conflicts.
Power over nature can extend to power over people. Your power to eat the last Cheeto disempowers me from eating it.
And I was saving that one, you jerk. It had a funny nub.
Power begets power. The more power you have, the more you can gain.
This concern shapes events from union strikes and Marxist revolutions to interventionist foreign policy and pre-emptive war. We often hear about the need to counterbalance the economic power of a large corporation or the military power of a foreign state. At best, these “balance of power” strategies yield a stalemate of mutual distrust and hair-trigger brinkmanship.
Democracy is intended to circumvent such conflicts by distributing power among the masses. “Empowerment” is regarded as synonymous with voting. The vote is the means by which marginalized groups could break their shackles, have their say, and win back the freedoms that they have lost to the power of others.
But how much power does a vote really bestow?
ANARCHITECTURE EXCLUSIVE – The following is a transcript of a conversation recently released by Wikileaks. Original audio here.
While the precise time and location of the following conversation are unknown, it is believed to have been recorded by Russian operatives, sometime during 2013.
We have transcribed it here at anarchitecturepodcast.com in order to bring attention to this revelatory conversation, which could have significant ramifications for the 2016 presidential election if its contents become widely known.
We request that readers share this transcript in order to ensure that the voters are fully informed. This is vital to preserve the integrity of American Democracy.
The transcript below is presented in raw form, with no additional commentary, so that the reader may draw their own conclusions.
HILLARY: Donald, I need you to do something for me.
DONALD: Yes, Mrs. Clinton?
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Tim left his job as an architect to travel the world for a year with his young family.
How free are we to travel across the imaginary boundary lines that governments have arbitrarily defined?
If you don’t love it, can you leave it? Where would you go?
Part 1 of the Citizen of Nowhere Series.