The Real Reason We Left the Gold Standard
Maxinomics
Gold Rush South Africa/"Forgotten Fortunes: Chronicles of Gold and Glory"
Good Morning South Africa
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| Witwatersrand Basin and major goldfields |
Silicon Forest
If the type is too small, Ctrl+ is your friend
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| Witwatersrand Basin and major goldfields |
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| The 14th-century carving Nine Good Heroes at City Hall in Cologne, Germany |
David Warren opens his post about Charlemagne with this paragraph:
That triad of triads — the Nine Worthies of medieval antiquity, from Hector and Alexander to Godfrey of Bouillon (three pagans, three Jews, and three Christians, to whom Falstaff was added by Doll Tearsheet in Shakespeare) — are not celebrated today. We must relearn that, without historical characters much larger than life, our own little lives will shrink smaller.
I've heard some of those names before, but not the Nine Worthies, so I asked Google and got back this:
The Nine Worthies were a collection of ideal heroes—three pagans, three Jews, and three Christians—who embodied the ideals of chivalry in medieval Europe, first listed by Jacques de Longuyon in 1312. The pagan figures were Hector, Alexander the Great, and Julius Caesar; the Jewish figures were Joshua, David, and Judas Maccabeus; and the Christian figures were King Arthur, Charlemagne, and Godfrey of Bouillon. These figures represented a historical continuum of heroic leadership and were seen as worthy of study and emulation by aspiring knights.
The Three Groups of Worthies
The Nine Worthies were grouped by their religious and historical origins, creating a universal history of heroic virtue:
Significance
Falstaff and Doll Tearsheet are characters from Shakespeare's play. Falstaff is also the main character in the opera Falstaff by Verdi.
Hal's main companion in enjoying the low life is Sir John Falstaff. Fat, old, drunk, and corrupt as he is, he has a charisma and a zest for life that captivates the Prince. - Wikipedia [Hal is Prince Hal, future King of England]
Dorothy "Doll" Tearsheet is a fictional character who appears in Shakespeare's play Henry IV, Part 2. - Wikipedia
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| One of numerous bas-reliefs in the Elektrozavodskaya metro station in Moscow, Russia |
A bit of history framed as a review of a TV series:
Was Peter the Great Russia’s Antichrist – or its saviour? by Dmitry Samoilov
He mentions Elektrozavodskaya, which meant nothing so I looked it up and found there is a very fancy metro station with that name, hence the above image.
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| Second Battle of the Virginia Capes |
Meet the Frenchman who became Russian nobility – and the Russian exile who charmed de Gaulle
Jean-Baptiste got around:
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| Jean-Baptiste de Traversay |
"gravity is kept switched on at all times"
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| Map of the Don Catchment showing the River Don, the city of Sheffield, and the distribution of weirs. |
If Hezbollah Collapses, It Opens The Curtains On Israel Vs. Iran By Michael Every of Rabobank
September 25, 2024
Opening paragraphs:
"Is our presidents and economists learning?"
President George W. Bush once bewailed: “Rarely is the question asked: ‘Is our children learning?’” With radical ideas thrown around by Harris and Trump pre-election, economists are asking the same about presidents. However, presidents can rightly ask it about economists.
Trump just underlined his protectionist plans for "ultra-low taxes and regulations" zones, appointing a "manufacturing ambassador” to persuade firms to relocate to the US, and that “American workers will no longer be worried about losing your jobs to foreign nations. Instead, foreign nations will be worried about losing their jobs to America.” Economists are appalled. Yet they have no problems when an emerging market sets up low-tax and regulation zones and lobbies Western firms to close factories and move production there, with a loss of jobs. This is celebrated as “FDI”. Of course, economists say one case involves higher prices, and the other lower prices. In short, the morality of targeting other states’ industries and jobs revolves around price, not value (or values). That’s cold, hard realpolitik logic for the liberal humanist West, which never applies it to how one treats one’s own family: politically, the issue is then how one defines ‘family’.
Yet protectionism was staggeringly successful for the US in the past; and Germany; and Europe; Japan; South Korea; and China - all of them used it to climb the development ladder. To presume all you get from tariffs is inflation is to argue the US should today be solely the seller of commodities it was in the 18th century; Europe should be buying British goods and selling them food as the UK industrialised first; and Japan, South Korea, and China should be specialists in rice, not tech. You can see how ridiculous these arguments are, and we are all better off that they aren’t, even if via protectionism. Yes, tariffs can be a “tax on consumers” if you assume nothing changes but price. However, if they generate higher or better-paid employment, and increase production to attain economies of scale, tariffs can be moderately inflationary and a major stimulus to industrial growth.
He used several terms I wasn't familiar with so I looked them up:
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| US Social Trust Scale along left hand edge goes from 25 at the bottom to 60% at the top. |
How Easy Is It To Become Middle Class Now? by Charles Hughes SmithHe goes on to talk about how things have changed recently and why.
If we want social / economic renewal, we have to make it straightforward for anyone willing to adopt the values and habits of "thrift, prudence, negotiation, and hard work" to climb the ladder to middle class securityHow easy is it to climb the social mobility ladder into the middle class? It's a key question because the middle class is the ultimate source of social stability, innovation and democracy.
To answer this question, we must start with the rise of the middle class in Europe and the market economy which enabled that rise.
This article explores the specific cultural adaptations which set the stage for Europe's adoption of a market economy as the primary social-economic force, supplanting family and feudal ties.
When did Europe pull ahead? And why?The author notes that Northern European economic expansion began in the 1300s, before the Protestant Reformation, the discovery of the Americas and before the printing press--all factors others have identified as key to Europe's rise to dominance.
He identifies the assimilation by Catholic Europe of two Northern European cultural traits--individualism and the ban on cousin marriages, which led to social trust extending beyond the immediate family-- as critical preconditions for the acceptance of a market economy.
He then adds a third condition: the suppression / elimination of violent males from the social order via harsh secular and religious punishment of evil-doers. Murder rates declined as the most violent were executed or imprisoned in large numbers.
Here are some key excerpts from the article:
"Those three causes--individualism, impersonal sociality, and a pacified environment--allowed the market economy to grow beyond its former limits.
'The Market' could thus spread farther and farther beyond the marketplace, replacing older forms of exchange and ultimately replacing kinship as the main organizing principle of society.
The English as a whole became more and more middle-class in their mindset: 'Thrift, prudence, negotiation, and hard work were becoming values for communities that previously had been spendthrift, impulsive, violent, and leisure loving.'
The Western world thus embarked on a trajectory of sustained economic growth. This is in contrast to what we see in other times and places, where economic growth tended to stall after a while and give way to stagnation or even contraction.
Western Christianity (which assimilated pagan characteristics of northern Europe) enabled 'the peace, order, and stability that allowed the middle class to expand and become dominant.'"
Roman is a historian who sometimes writes for RT. I read a couple of his stories today. I think they are well done. Now I'm wondering if there is American news site that is produced in Russian, and if there is, what does it sound like? Does it sound reasonable like RT does to me, or is it like the Washington Post and The New York Times, full of bullshit and lies? I suppose it matters which stories you choose to read. I don't read anything about Ukraine or Gaza because everyone writing about those two war zones has an ax to grind. Yes, wars are horrible, but that's the way of the world these days, there is always a war going on somewhere. I think it's because people just like to fight and there are 'leaders' who are willing to take advantage of this natural inclination and are able to organize those people into a coherent force.
Anyway, here's a couple of stories by Roman:
hecatomb
The whole Trump assassination attempt, has been, pardon the expression, beaten to death. But then I came across this piece by JMSmith. He brings history to bear on the subject, and I think his take is insightful. Voila:
“A flighty and half-witted man is the very instrument generally preferred by cunning politicians when very hazardous work is to be done.”
Thomas Babington Macaulay, The History of England (1848)*
Macaulay makes this trenchant remark while discussing a deluded wretch named Granville, the doomed patsy in a failed plot to assassinate the English King William of Orange in 1692. Macaulay tells us that Granville, a Frenchman, was “undoubtedly brave, and full of zeal for his country and his religion,” but that his main qualification as an assassin was that he was “flighty and half-witted.” By “flighty” Macaulay means both impetuous (overhasty) and given to romantic illusions (i.e. “flights of fancy”). I trust what he means by half-witted is plain enough.
A flighty and half-witted man is the preferred tool of cunning politicians when their scheme is very hazardous because “no shrewd calculator” will do the deed “for any bribe.” What cunning politicians require is therefore a romantic simpleton who dreams of glory and cannot calculate the odds.
As Macaulay explains,
“It was plain to every man of common sense that, whether the design succeeded or failed, the reward of the assassins would probably be to be disowned by the Courts of Versailles and Saint Germains [the exiled court of James II], and to be torn with redhot pincers, smeared with melted lead, and dismembered by four horses. To vulgar natures the prospect of such martyrdom was not alluring.”
When Granville was betrayed by his accomplices, his punishment was simply to be hung, drawn and quartered, but the prediction that the French and Jacobite principals of the plot would disown their assassin was fulfilled in full. The official position of Versailles and Saint Germains was that assassination was abhorrent and Granville had acted alone, perhaps under the influence of madness or some personal vendetta.
After his trial, and without hope of reprieve, Granville named one Barbesieux, an agent in the French War Office, as the architect and director of the plot. Although Louis XIV officially abominated political assassination, he quietly protected Barbesieux. Macaulay asks:
“If he really abhorred assassination as honest men abhor it, would not Barbesieux have been driven with ignominy from the royal presence, and flung into the Bastille?”
Macaulay’s question is, of course, rhetorical.
A failed assassination. A flighty and half-witted patsy who met a grisly end. Official shock and detestation. The designer concealed and protected.
Some people are going to say this smells like Killary's handiwork and I'm not going to say they are wrong.
If the name Granville sounds familiar, it's because there have been a number of Granvilles in English history, but none that I found from this time period. JMSmith concurs, the only reference we have is in Macaulay's book.
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| Snapshot of Calculating Empires |
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| The Long Ships by Frans G. Bengtsson |
The next day, since they had finished the Yule pork, cabbage soup and mutton appeared on the tables, which they all agreed to be an excellent change. In the evening a man from Halland told them about a great wedding that he had been present at in Finnveden, among the wild people of Smaland. During the celebrations a dispute had broken out concerning a horse deal, and knives had quickly appeared; where upon the bride and her attendant maidens had laughed delightedly and applauded and had encouraged the disputants to settle the matter there and then. However, when the bride, who belonged to a well-known local family, saw her uncles got eye gouged out by one of the bridegrooms kinsmen, she had seized a torch from the wall and hit her bridegroom over the head with it, so that his hair caught fire. One of the bridesmaids, with great presence of mind, had forced her petticoat over his head and twisted it tight, thereby saving his life, though he screamed fearfully and his head, when it appeared again, was burned black and raw. Meanwhile the fire had caught the straw on the floor and eleven drunken or wounded men lying in it had been burned to death; so that this wedding was generally agreed to have been one of the best they had had for years in Finnveden and one that would be long remembered. The bride and bridegroom were now living together in blissful happiness, though he had not been able to grow new hair to replace that which he had lost in the fire.
Oho! Here's what people are really like, not like the facade of civilization we try to maintain. Sounds a whole lot like those neighborhood gun fights they have in Chicago.
I'm about a quarter of the way through this book and so far it's all been like this, short, direct descriptions of what is happening. The story just marches along and the whole thing rings true. It's great.