An Open Letter Chapter X - A Simple Sovereign Bankruptcy Procedure

Brief Summary:

Accused of pseudo-Hobbesianism, moldbuggery...perhaps reactionary will do? neoreactonary, postractionary, ultrareactionary?
Prefer restorationist

Progressive is the exact opposite of restorationist
For the set of people with progressive ideas, Brahmin works
For example of brahmin, reference video: Barack Speaks To HQ Staff & Volunteers - YouTube
Uniformly non-diverse: white high-Brahmin with elite degrees
A successful operation very good at winning presidential elections; no reason to believe it is good at anything else

Obama, the "Good One" will be a "good president" i.e. good at reading his lines, pretending to be an 18th century statesman
Reading the messianic coverage of Obama by the NYTimes similar to reading The Soviet Life
Cathedral's high Brahmins always had direct connections to the Soviet nomenklatura
Persuaded everyone else to follow the same party line on every political topic

First act of transitional restorationist government: escort Obama, his family and associates to Kenya
Deporting political opponents seems excessive?
Progressive perspectives on postcolonial African governments, liberation movements, like Mugabe's embrace violent resistance and murder (lit car tires full of gasoline around human necks) - they felt these extreme actions were warranted given the situation.
The progressive power structure lost connection with reality: morally and intellectually bankrupt. Also financially bankrupt

Restoration : a regime-change procedure designed to safely and effectively reverse the damage which progressivism has inflicted on civilization
Acts under principles of good government from late classical or Victorian period
Goal is to produce a new era of secure, responsible & effective government.
Best thought of as a sovereign bankruptcy with restructuring
Think of government as a corporation protected by its military, but still subject to laws of accounting

Temporary control given to a bankruptcy Receiver
Receiver's goal to make the bankrupt government solvent and profitable
Achieved by converting debt to equity, diluting existing equity holders, treating equal commitments equitably
Profitability achieved by receiver optimizing USG operations in order to produce max dividends for shareholders
Two years and total sovereignty to do so

Any sovereign restructuring must start with currency
Every dollar is a share, but of what? Fiat currency (dollar) is dubious equity
Printing new dollars is stock dilution
The USG denominates its accounting in its own stock, so very screwy accounting
To restructure currency, must:
Fix the number of dollars in world
Find all assets protected by USG's ability to print more money
Print the money. Buy assets at a formal price. Fix number of dollars outstanding. Convert dollars to US shares as desired. Sell nationalized assets, exchanging for a commodity that new accounting system uses (gold?)
Define rights divided among all dollar holders
No inflationary after effect on market prices: virtual dollars simply become printed dollars
Receiver declares any obligation of US a debt denominated in dollars, guaranteed by virtual dollars
Then US will acquire that debt, pay out with freshly printed dollars: mass equity dilution

Separate all outlays of the government into two classes: essential payments, and inessential payments
Inessential payments: dividends given to inessential employees, i.e. parasites
Should be retired on a pension, not fired, as it is good to keep your enemies placated- Most will support new government with doglike loyalty
For philanthropists, change out informal commitments for formal securities

After financial restructuring, Receiver turns to enhancing the US: Receiver restores the Belle Époque
Gangs are a militias, should be treated as Nazis
For criminals: hard labor to repair the US, and solitary confinement with V.R. consoles to control, guide, evaluate
For other "Morlock" subcultures: if not employed, independently wealthy, or a supervised dependent of both, a person is essentially a ward of state: will get electronic tag for surveillance
Wards sent to relocation centers to receive social services: mandatory apprenticeship, language trainings
In two years:
All systematic criminal activity will terminate
Anyone of any skin color will be able to walk anywhere in any city, at any time
No graffiti, litter, or other evidence of institutional lawlessness will be visible
All 20th-century buildings of a socialist, brutalist, or other anti-decorative character will be demolished
Barbarism will be eradicated, and new society will look back at the old and see it as brutal and unlivable

#video #nrx