Where Does Your Money Come From?
How much will AI Accelerate Job Losses?
A few days ago I decided to check the website traffic of substack.com. I was unsurprised to learn that visitor traffic overall to newsletters on the site is down, with an especially pronounced drop from April (88.1 million visitors) to May (67 million) of 2023. June lost a few million more visitors to the website.
Of course it is summer and it is my hope that people are outdoors and enjoying activities that don’t involve engagement to a screen, but I doubt that’s what’s really going on here. If I had to guess a lot of the lost visitors have gone back to the big tech behemoths that had aggressively censored and kicked them off before. Beyond that for those who saw through the Covid debacle at some point there’s not much more to say. The vaccine induced genocide continues and relatively few who took the jabs seem that interested in finding out what their risk factors are. The regulators certainly don’t want to know. Sure, some key players in the ongoing worst human rights atrocity in world history stepped down, to cheers from the dissident crowd. They still have their lavish government furnished pensions. None of them are in prison and they certainly have not used their ill begotten wealth to compensate the victims.
Covid vaccine uptake has fallen off a cliff, sure, but those jabs are still promoted and widely available and plenty more mRNA is moving through the pipeline. There has been some casual walkback but for the most part people don’t want to think about it or talk about it. There’s only so many STEM type analyses of the catastrophic damage from the jabs that you can look at.
My guess is that the Covid dissident space emerged on Substack when many people felt an emotional need to connect and not feel alone in this crazy totalitarian dystopia that was emerging all around them. I suppose gains were made in the sense that facemasks aren’t mandatory to participate in society and nor are Covid vaccines, but is it really a win to simply get back some freedom lost? Would they still try it again?
The policy aims of the not a movement was to StoptheShots, hold the perpetrators accountable for their crimes against humanity, and make sure that nothing like this ever happens again. None of those things have happened yet. The jabs are still pushed even though they increase the odds of contracting Covid and clearly cause death and injury. You can still find people who want facemasks to be demanded in healthcare facilities again because those selfish bare faced people caused their long Covid or something. Never once do they consider that their long Covid or whatever it is could have been aggravated by the jabs they took or the facemask wearing they so religiously endorse. It’s depressing.
A lot of people were financially devastated by these policies and continue to struggle under the weight of them. And now they’re coming for bank accounts again.
I enjoyed this article by Helena Glass:
According to the IMF Capitalism is defined within six pillars:
ownership of private property
self-interest, through which people act in pursuit of their own good, without regard for sociopolitical pressure
competition
the allocation of resources, which seek the highest reward for goods. services and wages
freedom to choose among competitors
limited role of government.
The only actual pillar that is viable today is #1 – ownership of property.
If the Covid catastrophe showed us all one thing it is that true capitalist exchange is essentially dead. Who was allowed to act in the pursuit of their own good during lockdowns, forced business closures, facemask requirements, vaccine passes and the like? You couldn’t even speak out against them for fear of losing your job. Who was allowed to compete freely with big tech behemoths or in the real world with the Wal Marts and Tescos? Resources were allocated consistently to things which caused death, destruction and desperation. Small businesses were closed. The government stopped playing grab ass and put its full weight behind these measures. Many are still suffering financial devastation from it.
The Federal Reserve again raised interest rates.
The 22 year high for the Federal Rate will destroy borrowing. A 30 year fixed mortgage rate is just below 8% with above average credit, $-0- points, and 20% down. To put it in perspective – a $500,000 purchase price at the pre-Brandon interest rate of 3% would levy a mortgage payment of $1686 per month. Today, using a 7.39% best scenario rate – the payment would increase by $1100 monthly. In order to reach that $1686 monthly payment the maximum purchase price would be $300,000.
In order for an insurance company to be able to rebuild at the going rate – they would necessarily have to increase property insurance rates. This year, mine rose 35%.
The Federal Reserve was a Socialist construct – arbitrarily creating bubbles and busts to our economy. There is absolutely NOTHING Capitalist left.
As basic costs wipe out more and more income, welfare will increase. In order to pay for the increased cost of welfare entitlements, taxes will have to rise. When middle class taxes rise, people buy less causing business sales to plummet. More Pac-Men gobble. Less Competition. And soon the ownership pillar of America is effectively destroyed. With the advent of AI – Entertainment will die. There will be no need for script writers, actors, directors, or sets. With the advent of AI – The Sports Industry will die. The games will pit AI against AI with a flush Betting Industry the only game in town!
This RESET will ultimately trickle up to higher and higher incomes and reflect the children’s book by Eric Carle, The Greedy Python. The Greedy Python is quick to gobble up every creature he meets–including to his own great misfortune, himself, when he mistakes the tip of his tail for a lunchtime treat.
However – It can all be unraveled IF We Want it to enough…
I am not sure that I believe that taxes must go up, because that assumes that we had sound money to begin with. It seems to me that we more have a compliance shell game run at the behest of the elites. What something is worth should reflect what someone is willing to pay for it, and nothing more. Yet the regulatory state strangles innovation and sets artificially high prices for itself.
As a thought expiriment, imagine a world in which the focus was set on real improvments to quality of life. This would probably include things like rewarding instead of suppressing treatments that heal people. This would probably include finding practical and low cost energy solutions to generate power. This would probably include efficient best practices for growing natural healthy food.
Of course healthy people don’t pay much for medical care and people who have built their own energy source would have little need to pay $1000 electric bills every month from the state. In short the amount of money needed would theoretically go way down. Do we all get jobs at the IRS?
What do you think is going on here?
Can't stand watching or listening to AI generated stuff. Won't do it. Even cartoons are mostly shit now, but I do see a resurgence of hand crafts, and the slow food movements etc. People....people who need people.....
One thing going on is that censorship is becoming a lot more devious. I only had a handful of comments from free subscribers on my last post and they are telling me that when they go to comment they're being told they need to be a paid subscriber to comment.