Monthly Archives: August 2017

This Song Just Gets Better and Better….

Volume to eleven, now.

From the bright sunny South to the war, I was sent,
E’er the days of my boyhood, I scarcely had spent.
From its cool shady forests and deep flowing streams,
Ever fond in my mem’ry and sweet in my dreams.

Oh, my dear little sister, I still see her tears.
When I had to leave home in our tender years.
And my sweet gentle mother, so dear to my heart,
It grieved me sincerely when we had to part.

Said my kind-hearted father as he took my hand:
“As you go in defense of our dear native land,
“Son, be brave but show mercy whenever you can.
“Our hearts will be with you, ’til you return again.”

In my bag there’s a Bible to show me the way,
Through my trials here on earth and to Heaven some day.
I will shoulder my musket and brandish my sword,
In defense of this land and the Word of the Lord.

Barnhardt Podcast #021: Total Eclipse of the Truth

[Direct link to the MP3 file]

In this episode we discuss the gangster-like tactics of groups like the American Defamation League, the Southern Poverty Law Center, and ProPublica and explain how it will be groups like this who will be compiling the hit-lists of conservatives for the Alt-Left and musloids to “take care of.” We also review the situation of the two bishops in white in Rome and what it would take to clear up the question of who the Pope is… and also why clearing up that question is only the beginning of cleaning up the current mess.

Recommended Reading:

Feedback: send your questions, comments, or photos of yesterday’s eclipse to podcast@barnhardt.biz

The Barnhardt Podcast is produced by SuperNerd Media; if you found this episode to be of value you can share some value to back to SuperNerd at the SuperNerd Media website.

Timestamp Outline
In progress… if you would like to submit a timestamp outline please send it to podcast@barnhardt.biz

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Eerily Accurate… My SPLC “Women Against Islam” Hit List Entry

I hadn’t looked at this for a while.  I was struck by the accuracy of it given recent events.

Remember, the point of this project by the SPLC was to inspire musloids to attempt to intimidate (at bare minimum) the women on this list, presumably into spending crippling amounts of money on security, etc., or to inspire musloids to kill us, like they tried with Pam Geller.

Here is the text, with my notes:

Also, I remember thinking that the yellow highlights of this caricature look very much like a chapel veil, which is really cool, albeit totally, completely inadvertent by the artist who did it, obviously.

Ann Barnhardt

born 1976
Centennial, Colo.
barnhardt.biz

Ann Barnhardt, a blogger and former commodities brokerage owner whose house was sold in 2013 to satisfy a federal tax lien [false, the selling price at public auction was exactly the balance on the mortgage – the IRS got NOTHING], is one of the most extreme Muslim-bashers in the United States [Aw, thank you!]. She refers to Muslims as “musloids,” [correct] says that Islam is a “seditious system working against every government” in the world that must be “exterminated,” [exactly correct] and once burned a Koran with a bacon bookmark [try FOURTEEN bacon bookmarks, Hon] for a YouTube video. In 2011, she said “the Muslim population is mentally and developmentally disabled on a mass scale,” [absolutely] describing it in the same essay as the only population that “is mentally and physically devolving.” But Barnhardt’s blind rage [righteous anger] isn’t only directed at Muslims. She says that beginning in 2008, when Barack Obama was elected, a “cold putsch” began that she predicts will lead to riots and civil war, [awkwaaaaard…] the importation of “millions of socialist Latin Americans,” [awkwaaaaaaaard…] and, ultimately, the Chinese Red Army landing in America. [Still think this will be the inevitable result…] She urges people to buy long guns [YES!] because “THERE WILL BE MASS RAPES when the inner city hip-hop contingent can no longer be contained by standard law enforcement.” [Yep.] And she opposes women’s suffrage, saying that it “effectively castrated” men and wrecked the family. [DAMN STRAIGHT.] She once described herself as “a buzzsaw crossed with a blowtorch,” and about that, at least, she is surely right. [Troof is troof, yo.]

————————

This is the pic the artist used for the caricature, which is funny because I think this is one of the most flattering pictures of me out there.  He clearly just replaced the mouth from a smile to whatever the pursed-lip thing is called, and made the eyes look sad. It coulda been worse! He made Ann Coulter look like the Cryptkeeper.

 

Ho ho ho.  And look what I just found:

Trump lambasted Geller for “insulting everyone” in the wake of the shooting at her event.

I had forgotten about that.  But then, two years ago I didn’t give Trump much thought either way.

Barnhardt Podcast #020: One Hour War College: Charlottesville, Kayfabe and Schizophrenics in the Foxhole

[Direct link to the MP3 file]

In this episode we discuss the events of the last week in Charlottesville, Virginia, and whether this is the opening round of the Great American Civil War: a war that will be fought without defined battle lines everywhere throughout the united States — and beyond? — and could be the opening act for the End Times.

Recommended Reading:

Feedback: send your questions, comments, or photos of leftists posing as right-wingers to podcast@barnhardt.biz

FEEDBACK UPDATE:

Dear Ann,

Outstanding, thank you.

I want to bring up a point for your edification. It may seem rather
obvious, but it is an important insight into humanity. Even though
nothing contained in this podcast was new to me, such clear
elucidation helps a person internalize the situation, if that’s the
right phrase, thereby sharpening zeal, resolve and bearing. Those
three things, related but distinct, will be the key to how this all
plays out.

It would be tempting to compare it to the way a rousing speech can get
a crowd going, but this isn’t a great example, because the crowd
itself is an operator. A more proper comparison would be when a
person, with prayerful disposition and good intent, reads Pius X, Leo
XIII, or as you just did, Benedict XV: It makes you want stand up and
point to the source and scream, “THIS! THIS IS EXACTLY CORRECT.” And
of course, to want to share the reality with others. The physical act
of reading/hearing the words of a forceful argument, even when they
merely confirm what you already know to be true, transmits directly to
interior and exterior action.

I know sometimes it feels you’re banging your head against the wall,
but you must never stop. Keep saying it over and over and over.

Thank you,
N

The Barnhardt Podcast is produced by SuperNerd Media; if you found this episode to be of value you can share some value to back to SuperNerd at the SuperNerd Media website.

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Starting Thursday Off Right: Recoiling Before the Enemy Edition

Our Father, Who art in heaven, hallowed be Thy Name. Thy kingdom come. Thy will be done, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but deliver us from evil. Amen.

PATER NOSTER, qui es in caelis, sanctificetur nomen tuum. Adveniat regnum tuum. Fiat voluntas tua, sicut in caelo et in terra. Panem nostrum quotidianum da nobis hodie, et dimitte nobis debita nostra sicut et nos dimittimus debitoribus nostris. Et ne nos inducas in tentationem, sed libera nos a malo. Amen.

To recoil before an enemy, or to keep silence when from all sides such clamors are raised against truth, is the part of a man either devoid of character or who entertains doubt as to the truth of what he professes to believe.

In both cases such mode of behaving is base and is insulting to God, and both are incompatible with the salvation of mankind.

This kind of conduct is profitable only to the enemies of the faith, for nothing emboldens the wicked so greatly as the lack of courage on the part of the good.

Moreover, want of vigor on the part of Christians is so much the more blameworthy, as not seldom little would be needed on their part to bring to naught false charges and refute erroneous opinions, and by always exerting themselves more strenuously they might reckon upon being successful.

After all, no one can be prevented from putting forth that strength of soul which is the characteristic of true Christians, and very frequently by such display of courage our enemies lose heart and their designs are thwarted.

Christians are, moreover, born for combat, whereof the greater the vehemence, the more assured, God aiding, the triumph: “Have confidence; I have overcome the world.”

Nor is there any ground for alleging that Jesus Christ, the Guardian and Champion of the Church, needs not in any manner the help of men. Power certainly is not wanting to Him, but in His loving kindness He would assign to us a share in obtaining and applying the fruits of salvation procured through His grace.

SAPIENTIAE CHRISTIANAE
Pope Leo XIII
Paragraph 14

Some Points of Review on Monetary, Banking and Derivatives Theory

(Just to polish up on things since we are discussing Bitcoin and cryptocurrencies in general….)

I have covered some of these concepts in my YouTube Economics Video, but some are new. Also, Karl Denninger’s book “Leverage” is a great resource which I used heavily in making my video.

1. After the war and collapse, I would recommend once again outlawing branch banking and bank holding companies. Did you know that branch banking (a bank having more than one physical location) was only popularized in the early 20th century by Bank of America (now one of the biggest pus-filled gangrenous boils on the global financial corpus, requiring amputation and burning to ash of said infectamenta. Yes, I just made that word up. You’re welcome.)

In the U.S., back when it still existed, the McFadden Act of 1927 prohibited most branching and all interstate banking. The Bank Holding Company Act of 1956 prohibited all bank holding companies from owning banks outside of their headquarters state, a business model that sprang up as a specific attempt to circumvent the McFadden Act. This restriction on branching provided a BRAKING MECHANISM. If you don’t permit banks to branch and coalesce under one Holding Company, it keeps banks limited to a reasonable size with strong ties to the local economy, and thus greater accountability to the community it serves. It also prevents exactly the problem we have today of one bank, by itself, being able to collapse the entire global financial system if it is “permitted” to collapse – as it should. Remember my citations of the derivatives exposure of the top 4 banks in the former U.S.?

JP Morgan: $78 TRILLION in derivatives / $1.8 Trillion in assets
Citibank: $56 TRILLION in derivatives / $1.2 Trillion in assets
Bank of America: $53 TRILLION in derivatives / $1.5 Trillion in assets
Goldman Sachs (aka US Government): $48 TRILLION in derivatives / $89 BILLION in assets

If banks are limited to one brick-and-mortar location with ATM machines, all of the garbage above stops. Banks will once again be neighborhood businesses, directly, personally accountable to their customers, and simply unable to inflict systemic damage because their size would be checked by the constraints of physical distance.

Also, foreign-owned banks should not be permitted to open up branches after the war, obviously.

So when was the “brake” removed from the banking system? Guys, it was only in ARSH 1994 with the Riegle-Neal Interstate Banking and Branching Efficiency Act, which at its heart is what forced banks to start making bad loans to non-white people under the Community Reinvestment Act, which were then bundled, derivativized and churned, and finally dumped on the FEDGOV, which is to say the taxpayer. THAT, my little chickadees, was the coup de grace. That was the death thrust. Once they got that through, the end result of total systemic collapse was LOCKED IN. What we have been in for the last 20 years is the bleed-out.

2. There can be derivatives (forward delivery contracts and options of forward delivery contracts) and other risk management products, but I am convinced that these markets can ONLY be allowed if the execution is 100% open outcry, meaning NO COMPUTER EXECUTION OF TRADES EVER, UNDER ANY CIRCUMSTANCE. Orders can be routed to the trading floor electronically, but then they MUST be executed by one human being screaming like a freak at another human being. Then the fill can be transmitted back to the customer electronically – but the EXECUTION must be human-to-human. Again, this goes back to my concept of “braking”. Human execution and open outcry is a massive brake on a market. Humans can only move so fast and place so many orders, or cancel/replace those orders. In the time it takes humans to place orders and then have them executed, information can continue to flow into the market and be reacted to appropriately. The volume and volatility is held in check by the limited speed and capacity of the human market participants. Again, computer execution is an invention of only the past 15 years. I myself placed my first electronically executed order in ARSH 2006. Not only can we go back to open outcry, we MUST go back to open outcry. And I promise you, an all open outcry market would become the global standard for price discovery precisely because the price discovery would be PURE, not merely a meaningless pissing match of market manipulation by a handful of computer algorithms.

3. Exchanges MUST be not-for-profit entities. All of the guys in Chicago pinpoint the “end” of the markets with the Chicago Mercantile Exchange “demutualizing” and becoming a for-profit concern on November 13, ARSH 2000. Once the exchange becomes a for-profit entity, it whores itself out to whomever and whatever will generate execution fees, and will balk at performing its role and entire raison d’être, namely serving as a universal guarantor and counterparty and backstopping failed firms – because, you know, that might cut into profits or something. The conflict of interest is so egregious there simply aren’t words to describe it. It has to stop.

4. Back to banking. As covered in my video, as sourced from Denninger’s book “Leverage”, banks must be forced to use the “One Dollar of Capital” accounting method. Briefly, banks MUST be forced to post, dollar for dollar, their own capital against unsecured loans (credit cards and signature loans). They must further be forced to mark to the market EVERY DAY their collateralized loans (mortgages, auto loans, anything with a physical asset behind it). When there is a shortfall between the salvage or liquidation value of the underlying asset and the value of the loan, the bank MUST post that shortfall with its own capital. This is the only way to keep the depositors safe, and, once again, will act as a BRAKE against making bad loans, which is a crime against both the bank shareholders and depositors, as well as the borrower. We don’t give stupid and/or morally defective people loans for the same reason we don’t let toddlers play with Samurai Swords.

Oh, and also, failing to capitalize unsecured loans IS NAKED SHORTING THE CURRENCY, which is a capital offense. It’s stone-cold counterfeiting. It is a crime against humanity and a crime against peace. It is theft on a civilizational scale. It is a crime that calls out to heaven for vengeance, because it is robbing from the widow and orphan, and depriving the laborer of his just wage.

5. Okay this is new. There are people out there who swear up and down that fractional reserve banking and the creation of money within the banking system must stop. I disagree. There can be, and perhaps even SHOULD be fractional reserve banking – so long as the “One Dollar of Capital” paradigm is present and ENFORCED.

Here’s the deal. Human populations should GROW. People should reproduce in excess of the replacement rate. “Be fruitful and multiply.” Now, if you recall from my Economics video, I put forth my premise that the base “commodity” behind ALL money is, in fact, human life, namely the human capacity to labor, produce and create THROUGH TIME. Even gold is a “fiat” proxy for human potency. “Ooooh. Shiny yellow metal that doesn’t rust. LET IT BE money. Give me gold in exchange for my labor, and then I will use that gold to buy bacon and hats.”

So, if we have an economy consisting of ten people, ten pounds of bacon, and one hundred seashells which are the currency, AND THAT IS THE ENTIRE ECONOMY, then the clearing price of bacon will be 10 seashells per pound. (100 seashells divided by 10 pounds of bacon)

Now, what happens when the human population has doubled to twenty people? Well Buster, you’re gonna need more bacon. So now your economy is twenty pounds of bacon. But, wait. There are still only 100 seashells, so that means that the price of bacon is now 5 seashells per pound. (100 seashells divided by 20 pounds of bacon) Um, what happens when there are 100 people? This deflationary paradigm would dictate an economy with 100 pounds of bacon now “clearing” at 1 seashell per pound. And what happens when there are 1000 people and 1000 pounds of bacon? 1/10th of a seashell per pound of bacon? And 10,000 people 10,000 pounds of bacon? That would be 1/100th of a seashell per pound. And you see where this goes.

As economies grow in toto, AS THEY SHOULD, because the human population is growing, the money supply should grow and SCALE WITH THE POPULATION OF HUMANS. Why? Because MONEY is a FUNGIBLE PROXY for human capacity to labor, produce and create. Mo’ peeps, mo’ jack. So, back to our example, when there are 10,000 people noshing 10,000 pounds of bacon, there SHOULD BE 100,000 seashells in the economy (total money supply), which would then bring us right back to where we started – the clearing price of the bacon would be ten seashells per pound.

Can you say PRICE STABILITY, baby? Aw, yeah. That’s what I’m talking about. Dig it: in a price-stable economy, if you put away 1000 seashells when you’re 25, when you are 85 your 1000 seashells will still buy you 100 pounds of bacony goodness. And economic growth has developed unfettered over the past 60 years because there has been no perverted incentive to either hoard seashells (deflation) or to NOT save seashells (inflation).

So, here’s the big punchline. How do we accomplish this business of scaling the money supply to the growing population? We all agree that the whole Central Bank thing is from the darkest pit of hell, so… shouldn’t money be “created” in a non-centralized way through a healthy, diffuse banking system with “One Dollar of Capital” being enforced as outlined above with a SENSIBLE FRACTIONAL RESERVE COEFFICIENT?

Ya dig? Ya feelin’ me on this?

The conceptual keys to this are A.) the proper understanding of money as a “fiat” proxy for human capacity itself, coupled with B.) the moral truth that human populations should grow and multiply. If you’re unsound on either of these foundational premises, you’re not going to get it.

6. As a corollary, how do we define the sizes of economies? In dollars? Nope. These systems should be measured in terms of a transcendent, invariant unit. Currencies are, by definition, variant, because they are constantly changing relative to one another. This includes the dollar, which is itself measured against a BASKET of other currencies. I propose that GDP should be measured in the unit of MAN HOURS or MAN YEARS. $20 per hour average wage. 2000 hour average work year. Because the buying power of an average man hour or man year shouldn’t change much at all. Think about it.

So, if we take the latest bee-ess GDP for the former US of $16.8 trillion, and if we use an average wage of $20 per hour, or $40,000 per year, we get an economy of 840 billion man hours, or 420 million man years.

Puts a different spin on it, huh? Now, you really want your mind blown? Do that same calculation with the debt (now $18 trillion). Now do it with the unfunded liabilities of the FEDGOV (conservatively $250 trillion).

450 million man years, and 6.25 billion man years respectively.

7. Finally, since you’re probably sitting there thinking that people need to be executed for this mess, let me throw out an idea for how to go about meting out justice for these massive financial crimes after the war. I would simply say that the amount of a theft should be converted to man years, and if the man years-equivalent of what was stolen is in excess of the average working life of a man, say 50 years, then the offense would be a capital offense and execution would be on the table. For anything less than that, the man years conversion would inform the judge or jury as to incarceration terms.

So, just pulling a completely random number out of the sky, say $1.6 billion, and converting that to man years at an average wage of $40,000 per year, that is 40,000 man years, which equals exactly twelve feet of rope, which happily, can be reused an almost unlimited number of times.

Raise your hand if you think the lampposts are scandalously lacking in decoration….

Starting Wednesday Off Right: Army In Battle Array Edition

Our Father, Who art in heaven, hallowed be Thy Name. Thy kingdom come. Thy will be done, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but deliver us from evil. Amen.

PATER NOSTER, qui es in caelis, sanctificetur nomen tuum. Adveniat regnum tuum. Fiat voluntas tua, sicut in caelo et in terra. Panem nostrum quotidianum da nobis hodie, et dimitte nobis debita nostra sicut et nos dimittimus debitoribus nostris. Et ne nos inducas in tentationem, sed libera nos a malo. Amen.

 

Assumption of The Virgin, Guido Reni, ARSH 1617

Fair and beautiful art thou, O daughter of Jerusalem, terrible as an army in battle array.

Canticle of Canticles 6: 3

Fifth antiphon of Vespers of the Feast of the Assumption

Original Sin Explained in Fifteen Seconds By a Two Year Old

One of the core concepts of Christian Dogma that many people, especially adult converts, struggle with is the Dogma of Original Sin.  People find it difficult to understand that all human beings are born “fallen”, and this stain of sin is literally hereditary, the result of the first sin of Adam.

A very concise definition comes from the Second Council of Orange, which occurred in ARSH 529:

One man has transmitted to the whole human race not only the death of the body, which is the punishment of sin, but even sin itself, which is the death of the soul. As death is the privation of the principle of life, the death of the soul is the privation of sanctifying grace which according to all theologians is the principle of supernatural life. Therefore, if original sin is “the death of the soul”, it is the privation of sanctifying grace.

Because we are fallen, human beings are born with a tendency to sin.  This is called concupiscence.  Concupiscence is not sin itself, it is simply the inclination to sin, which can and should be corrected and held in check.

I came across a perfect example of this “brokenness” in a little video clip that has gone viral.  It is of a little boy named Noel who is two years old.  Just a matter of months before this little video was filmed, Noel was a baby – a literal infant.  But here we see little Noel – cute as a bug’s ear – already manifesting the effects of Original Sin.

Noel’s mom has discovered Noel in her bedroom, standing in front of the full-length mirror. The mirror is covered in “drawing”, apparently with red lipstick.   Little Noel has succumbed to his desire to feel the sensation of drawing on the mirror with lipstick.  He knew that mirrors are not for drawing, and that lipstick is not paint, and that this was the incorrect and unnatural use of the mirror and the lipstick – but he succumbed and chose to do something that he knew was wrong.

But this is just the beginning.  Here, watch the clip, then we will continue on…

If cuteness were carbohydrate, we’d all be in a diabetic coma now.

But let’s look at Noel’s actions, which mirror the Genesis 3 narrative about the Fall of Man.  Like God in the Garden of Eden, Noel’s mother is not asking Noel questions because she lacks information. When God asks Adam, “Where are you?” it isn’t because God doesn’t know.  God is trying to gently elicit a confession.  This is exactly what Noel’s mom is doing.

“Noel, who drew on Mommy’s mirror?”

Because Noel’s mommy loves Noel, she is giving him the chance to confess and come clean.  She knows exactly what he did, but she’s giving him a chance to repent and “get right” with her, again, because she loves him.

But what does Noel do?  He lies.  He lies, and the little tyke lays it on thick.  “I don’t knooow” as he scurries away from the scene of the crime in faux-surprise.  He lies to the person that is the complete source and experience of love in his life.  Noel’s mommy hugs him and kisses him, but also feeds him, dresses him, protects him and provides for him in every way.  Noel is completely dependent upon her and he lives his entire life in the warm embrace of her love… AND HE LIES TO HER FACE.

“Was it you?”

“No.”

But wait, it gets even worse.  Noel’s Mommy asks him who it was and what does Noel do?

Noel lies again, and frames Batman.  Now, this is very interesting because Batman is Noel’s buddy, his superhero friend.  Noel loves Batman.  Batman’s his boy.  And yet, in order to cover his own tail Noel sells out and frames his boy, Batman.

It all got pretty morally intense pretty quick, didn’t it?  That’s Original Sin, folks.  We are, all of us, broken in this way.  Baptism remits the guilt of Original Sin, but it obviously does not eliminate concupiscence, or that tendency or inclination that we all have to sin.  We all need to accept God’s grace to keep ourselves on the straight and narrow, which is possible, but obviously difficult.  Look at the example of this sweet little tyke, who in a flash lied to his mother and framed Batman.  He’s two.  A young two.  What about when he is 12, or 22 or 42?

Original Sin isn’t a lie that churchmen came up with in order to control people, or whatever argument heretics and atheists make these days.  It is real, and it is clearly visible, first and foremost in ourselves, but also all around us.  But Christ gave us, through His Holy Church, the Sacrament of Baptism to remit the guilt of Original Sin, and then the Sacrament of Confession so that we can be absolved of all the times we have “framed Batman”, and the Sacrament of Love Itself, the Eucharist, so that like little Noel going to the arms of his mother (after coming clean, and cleaning up the mirror), we can go to the embrace of Our Savior.

Barnhardt Podcast #019: Let’s Talk About Bitcoin

[Direct link to the MP3 file]

In this “Financial Friday on Satoshi Saturday” episode we discuss what bitcoin the software (wallet) is, what bitcoin the currency (BTC) is, and spend more than a little time talking about globally distributed ledger which stores all bitcoin transactions (The Blockchain). We go over what is good about bitcoin, what is bad about it, and conclude by introducing a concept which we’ll talk about much more in the future: smart contracts.

Feedback: send your questions, comments, or ideas for how to use smart contracts and programmable money to podcast@barnhardt.biz

The Barnhardt Podcast is produced by SuperNerd Media; if you found this episode to be of value you can share some value to back to SuperNerd at the SuperNerd Media website.

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