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Month: July 2019

What That Giant Asteroid of Gold Would Really Do to the Economy – Article by David Youngberg

What That Giant Asteroid of Gold Would Really Do to the Economy – Article by David Youngberg

David Youngberg

July 22, 2019

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In Greek mythology, Psyche was a woman of such beauty that she inspired jealousy in the love goddess Venus. The 19th-century Italian astronomer Annibale de Gasparis named a massive asteroid after her. How appropriate that it turns out that 16 Psyche, one of the biggest asteroids in the asteroid belt, is made out of a metal famous for inspiring lust: gold.

Unlike gold discoveries of the past, there’s no rush to harvest Psyche. NASA wants to send a probe only to study it, prompting several articles to erroneously breathe a sigh of relief. According to one:

….if we carried [Psyche] back to Earth, it would destroy commodity prices and cause the world’s economy – worth $75.5 trillion – to collapse.

No one tries to explain how cheap gold would cause an economic collapse, and for good reason: it wouldn’t.

Psyche has a lot of gold—about $10,000 quadrillion worth at current prices. The eye-catching headlines that claim it’s enough gold to make “everyone on earth a billionaire” are, of course, complete fantasy. Selling that much gold would cut prices nearly to zero.

Harvesting Psyche would not cause an economic collapse.

If gold was still used for money, that much gold would create massive inflation, resulting in a lot of economic hardship. No country uses the gold standard anymore, so that’s hardly a concern. Rock-bottom gold prices would certainly be devastating for gold mining companies and people who keep their wealth in gold bars. That’s really bad for them, but they’re a tiny part of the global economy.

Perhaps the confusion rests in simple reverse causation. Recessions definitely cause lower commodity prices, but lower commodity prices cause recessions no more than umbrellas cause rain.

Harvesting Psyche would not cause an economic collapse. If that much gold could cheaply be brought to market it would be a boon, not a bust. It’s impossible to predict what a world of cheap gold would look like, but the story of aluminum gives us a hint.

Even though it’s the most abundant metal on the planet, most aluminum is trapped in bauxite and was difficult to purify for most of human history. Pure aluminum was incredibly rare, and there was once a time when the stuff of soda cans was more precious than gold. Aluminum bars were displayed next to the French crown jewels, and pure aluminum caps the Washington Monument.

Cheap gold probably won’t give us an economic boom, but that doesn’t mean it wouldn’t be an economic boon.

Techniques like the Hall–Héroult process changed all that. What was once the metal of monarchs and monuments became readily available to everyone. It’s so cheap that we now use it in fishing boats, airplanes, and beer kegs. Its foil version keeps food fresh—we throw aluminum away all the time.

Making aluminum cheap didn’t cause an economic collapse. Quite the opposite. It made society wealthier because refining improvements made everything else cheaper, thereby creating new opportunities. Wood that once went for beer kegs could be used for something else. Aluminum boats don’t corrode in water, and this application freed up steel and timber that would otherwise be used to replace degrading vessels. Modern airplanes wouldn’t even be possible without aluminum, and their existence frees up fuel, time, and materials that would have otherwise gone to passenger ships and trains.

True wealth is not found in precious metals, and Bloomberg’s Noah Smith rightly points out that harvesting Psyche won’t cause a new industrial revolution. But he goes too far when he claims that it won’t make society richer because, holding everything else constant, a cheaper resource is the definition of economic progress. It’s only a question of magnitude.

If a future entrepreneur were to harvest Psyche, it would certainly be devastating to the gold industry. For everyone else, it would be a stellar improvement.

Harvesting Psyche, if it can be harvested at the right price (a big if), would make society richer because that much gold would allow us to reallocate our efforts to other endeavors. No one knows what exact effects cheap gold would have because the price of gold has never been anywhere near zero. While gold has limited production applications now, who knows how people will adapt if gold is functionally free? There are substitutes, and there are substitutes for substitutes.

Gold, for example, is incredibly ductile and an excellent conductor of electricity; perhaps houses would be wired with gold instead of copper, freeing up copper that could be used in other ways. Or maybe there’s an industry that’s only possible with cheap gold, like aviation is for aluminum. We can’t look at how gold is used now, with its sky-high price, and assume it’ll be the same with a rock-bottom price. Cheap gold probably won’t give us an economic boom, but that doesn’t mean it wouldn’t be an economic boon.

If a future entrepreneur were to harvest Psyche, it would certainly be devastating to the gold industry. For everyone else, dirt-cheap gold would be a stellar improvement.


David Youngberg
is an associate professor of economics at Montgomery College in Rockville, MD.

This article was originally published on FEE.org. Read the original article.

Boxed in by Neocons and the Media, Will Trump Launch Iran War? – Article by Ron Paul

Boxed in by Neocons and the Media, Will Trump Launch Iran War? – Article by Ron Paul

Ron Paul

July 22, 2019

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President Trump did the smart thing in June 19th by calling off a US airstrike on Iran over the downing of an American spy drone near or within Iranian territorial waters. According to press reports, the president over-ruled virtually all his top advisors – Bolton, Pompeo, and Haspel – who all wanted another undeclared and unauthorized US war in the Middle East.

Is Iran really the aggressive one? When you unilaterally pull out of an agreement that was reducing tensions and boosting trade; when you begin applying sanctions designed to completely destroy another country’s economy; when you position military assets right offshore of that country; when you threaten to destroy that country on a regular basis, calling it a campaign of “maximum pressure,” to me it seems a stretch to play the victim when that country retaliates by shooting a spy plane that is likely looking for the best way to attack.

Even if the US spy plane was not in Iranian airspace – but it increasingly looks like it was – it was just another part of an already-existing US war on Iran. Yes, sanctions are a form of war, not a substitute for war.

The media are also a big part of the problem. The same media that praised Trump as “presidential” when he fired rockets into Syria on what turned out to be false claims that Assad gassed his own people, has been attacking Trump for not bombing Iran. From Left to Right – with one important exception – the major media is all braying for war. Why? They can afford to cheer death and destruction because they will not suffer the agony of war. Networks will benefit by capturing big ratings and big money and new media stars will be born.

President Trump has said he does not want to be the one to start a new war in the Middle East. He seemed to prove that by avoiding the urgings of his closest advisors to attack Iran. It is hard to imagine a president having top advisors who work at cross-purposes to him, planning and plotting their wars – and maybe more – behind his back. Even Trump seems to recognize that his national security advisor is not really serving his administration well. Over the weekend he said in an interview, “John Bolton is absolutely a hawk. If it was up to him he’d take on the whole world at one time, okay?”

I think when you have a national security advisor who wants to fight the whole world at once, you have a problem. Does anyone believe we will be more secure after spending a few trillion more dollars and making a few hundred million more enemies? What does “victory” even look like?

President Trump is in a bind and it is of his own making. Iran has shown that it is not willing to take its marching orders from Washington, which means “maximum pressure” from the US will not work. He has two options remaining in that case: risk it all by launching a war or make a gesture toward peace. A war would ruin his presidency – and a lot more. I would urge the president to issue waivers to China, India, Turkey, and the others who wish to continue buying Iranian oil and invite the Iranian leadership to meet at a neutral location. And fire Bolton and Pompeo.

Ron Paul, MD, is a former three-time Republican candidate for U. S. President and Congressman from Texas.

This article is reprinted with permission from the Ron Paul Institute for Peace and Prosperity.

Gennady Stolyarov II Interviews James Strole Regarding RAAD Fest 2019 and Life-Extension Advocacy

Gennady Stolyarov II Interviews James Strole Regarding RAAD Fest 2019 and Life-Extension Advocacy

James Strole
Gennady Stolyarov II
Johannon Ben Zion


On Tuesday, July 16, 2019, U.S. Transhumanist Party Chairman Gennady Stolyarov II invited James Strole of the Coalition for Radical Life Extension and People Unlimited to discuss the upcoming RAAD Fest 2019 in Las Vegas on October 3-6, 2019 – the fourth RAAD Fest in history – https://www.raadfest.com/ – and the first in a new venue. Mr. Stolyarov and Mr. Strole discussed the importance of unity in the transhumanist and life-extensionist movements, as well as what opportunities for education and inspiration RAAD Fest will offer to those who wish to live longer and healthier. They also addressed audience questions and were briefly joined by Johannon Ben Zion, Chairman of the Arizona Transhumanist Party. Watch the interview on YouTube here.

Become a member of the U.S. Transhumanist Party / Transhuman Party for free, no matter where you reside. Apply here in less than a minute.

Watch some of the U.S. Transhumanist Party’s prior appearances at RAAD Fests in 2017 and 2018 below.

RAAD Fest 2017

The U.S. Transhumanist Party – Pursuing a Peaceful Political Revolution for Longevity – August 11, 2017

RAAD Fest 2018

The U.S. Transhumanist Party: Four Years of Advocating for the Future – Gennady Stolyarov II at RAAD Fest 2018 – September 21, 2018

Gennady Stolyarov II Interviews Ray Kurzweil at RAAD Fest 2018 – September 21, 2018

U.S. Transhumanist Party Meeting at RAAD Fest 2018 – September 22, 2018

Andrés Grases Interviews Gennady Stolyarov II on Transhumanism and the Transition to the Next Technological Era – September 23, 2018

Register for RAAD Fest 2019 here

Empowering Human Musical Creation through Machines, Algorithms, and Artificial Intelligence – Essay by Gennady Stolyarov II in Issue 2 of the INSAM Journal

Empowering Human Musical Creation through Machines, Algorithms, and Artificial Intelligence – Essay by Gennady Stolyarov II in Issue 2 of the INSAM Journal

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Note from Mr. Stolyarov: For those interested in my thoughts on the connections among music, technology, algorithms, artificial intelligence, transhumanism, and the philosophical motivations behind my own compositions, I have had a peer-reviewed paper, “Empowering Human Musical Creation through Machines, Algorithms, and Artificial Intelligence” published in Issue 2 of the INSAM Journal of Contemporary Music, Art, and Technology. This is a rigorous academic publication but also freely available and sharable via a Creative Commons Attribution Share-Alike license – just as academic works ought to be – so I was honored by the opportunity to contribute my writing. My essay features discussions of Plato and Aristotle, Kirnberger’s and Mozart’s musical dice games, the AI-generated compositions of Ray Kurzweil and David Cope, and the recently completed “Unfinished” Symphony of Franz Schubert, whose second half was made possible by the Huawei / Lucas Cantor, AI / human collaboration. Even Conlon Nancarrow, John Cage, Iannis Xenakis, and Karlheinz Stockhausen make appearances in this paper. Look in the bibliography for YouTube and downloadable MP3 links to all of my compositions that I discuss, as this paper is intended to be a multimedia experience.

Music, technology, and transhumanism – all in close proximity in the same paper and pointing the way toward the vast proliferation of creative possibilities in the future as the distance between the creator’s conception of a musical idea and its implementation becomes ever shorter.

You can find my paper on pages 81-99 of Issue 2.

Read “Empowering Human Musical Creation through Machines, Algorithms, and Artificial Intelligence” here.

Read the full Issue 2 of the INSAM Journal here.

Abstract: “In this paper, I describe the development of my personal research on music that transcends the limitations of human ability. I begin with an exploration of my early thoughts regarding the meaning behind the creation of a musical composition according to the creator’s intentions and how to philosophically conceptualize the creation of such music if one rejects the existence of abstract Platonic Forms. I then explore the transformation of my own creative process through the introduction of software capable of playing back music in exact accord with the inputs provided to it, while enabling the creation of music that remains intriguing to the human ear even though the performance of it may sometimes be beyond the ability of humans. Subsequently, I describe my forays into music generated by earlier algorithmic systems such as the Musikalisches Würfelspiel and narrow artificial-intelligence programs such as WolframTones and my development of variations upon artificially generated themes in essential collaboration with the systems that created them. I also discuss some of the high-profile, advanced examples of AI-human collaboration in musical creation during the contemporary era and raise possibilities for the continued role of humans in drawing out and integrating the best artificially generated musical ideas. I express the hope that the continued advancement of musical software, algorithms, and AI will amplify human creativity by narrowing and ultimately eliminating the gap between the creator’s conception of a musical idea and its practical implementation.”

The United States Transhumanist Party and the Politics of Abundance – Essay by Gennady Stolyarov II in “The Transhumanism Handbook”

The United States Transhumanist Party and the Politics of Abundance – Essay by Gennady Stolyarov II in “The Transhumanism Handbook”

Gennady Stolyarov II


U.S. Transhumanist Party / Transhuman Party Chairman Gennady Stolyarov II’s essay “The United States Transhumanist Party and the Politics of Abundance” is available in the newly published master compilation, The Transhumanism Handbook, edited by Newton Lee, the California Transhumanist Party Chairman and U.S. Transhumanist Party Education and Media Advisor, and published by Springer Nature. This book is a milestone publication in transhumanist thought, and the U.S. Transhumanist Party / Transhuman Party encourages everyone to purchase it and read it in full. Fortunately, Mr. Stolyarov is able to share his own chapter – 60 pages within the book – for free download here: http://www.rationalargumentator.com/index/wp-content/uploads/2019/07/Stolyarov_USTP_Politics_of_Abundance.pdf.

Read “The United States Transhumanist Party and the Politics of Abundance” for a detailed explanation of the premises behind transhumanist politics and what the U.S. Transhumanist Party stands for. This essay is current through year-end 2018, and various other significant developments have occurred since then. However, this essay should give readers a strong impression of the USTP’s values, operating procedures, areas of focus, and aspirations for the future.

Abstract: “The depredations of contemporary politics and the majority of our era’s societal problems stem from the scarcity of material resources and time. However, numerous emerging technologies on the horizon promise to dramatically lift the present-day constraints of scarcity. The United States Transhumanist Party, in advocating the accelerated development of these technologies and seeking to influence public opinion to embrace them, is forging a new political paradigm rooted in abundance, rather than scarcity. This new approach is simultaneously more ambitious and more civil than the status quo. Here I illustrate the distinguishing features of the Transhumanist Party’s mode of operation, achievements, and plans for the future.”

Purchase the Transhumanism Handbook on Amazon here.

Become a member of the U.S. Transhumanist Party / Transhuman Party for free, no matter where you reside. Click here.

Click on the image of the first page above to read the essay in full. 

Highlights #1 – First Virtual Debate Among U.S. Transhumanist Party Presidential Candidates – July 6, 2019

Highlights #1 – First Virtual Debate Among U.S. Transhumanist Party Presidential Candidates – July 6, 2019

Rachel Haywire
Johannon Ben Zion
Charles Holsopple
Moderated by Gennady Stolyarov II


Watch highlights from the first virtual debate among U.S. Transhumanist Party / Transhuman Party (USTP) candidates for President of the United States, which took place on Saturday, July 6, 2019, at 3 p.m. U.S. Pacific Time.

Candidates Rachel Haywire, Johannon Ben Zion, and Charles Holsopple provided their introductory statements and discussed how their platforms reflect the Core Ideals of the USTP.

This highlights reel was created by Tom Ross, the USTP Director of Media Production. Watch the full 3-hour debate here.

Learn about the USTP candidates here.

View individual candidate profiles:

Johannon Ben Zion
Rachel Haywire
Charles Holsopple

Join the U.S. Transhumanist Party / Transhuman Party for free, no matter where you reside. Apply in less than a minute here.

Those who join the USTP by August 10, 2019, will be eligible to vote in the Electronic Primary on August 11-17, 2019.

The War Crimes That Don’t Get Punished – Article by Ron Paul

The War Crimes That Don’t Get Punished – Article by Ron Paul

Ron Paul

July 11, 2019

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Rep. Duncan Hunter (R-CA) found himself in hot water recently over comments he made in defense of Navy SEAL Edward Gallagher, who faces war crimes charges over his alleged conduct while serving in combat overseas. Gallagher is charged with stabbing a 15-year-old ISIS member while in custody, of taking photos posing with the corpse of the teen, and with killing several civilians.

Defending Gallagher recently, Hunter put his own record up next to the SEAL to suggest that he’s an elected Congressman who has done worse things in battle than Gallagher.

That’s where Hunter’s defense earned him some perhaps unwanted attention. While participating in the first “Battle of Fallujah” in early 2007, by Hunter’s own account he and his fellow soldiers killed hundreds of innocent civilians, including women and children. They fired mortars into the city and killed at random.

In the sanitized world of US mainstream media reporting on US wars overseas, we do not hear about non-combatants being killed by Americans. How many times has there been any reporting on the birth defects that Iraqis continue to suffer in the aftermath of US attacks with horrific weapons like depleted uranium and white phosphorus?

Rep. Hunter described his philosophy when fighting in Iraq:

“You go in fast and hard, you kill people, you hit them in the face and then you get out…We’re going to hurt you and then we’re going to leave. And if you want to be nice to America, we’ll be nice to you. If you don’t want to be nice to us, we’re going to slap you again.”

This shows how much Duncan Hunter does not understand about war. When he speaks of hitting people in the face until they are nice to America, he doesn’t seem to realize that the people of Fallujah – and all of Iraq – never did a thing to the US to deserve that hit in the face. The war was launched on the basis of lies and cooked-up intelligence by many of the people who are serving in the current Administration.

And that brings us to the real war criminals. Rep. Duncan Hunter and his fellow soldiers may have killed hundreds of innocent civilians and even felt justified. Their superior officers, after all, established the rules of engagement. Above those superior officers, going up and beyond to the policymakers, the lie was sold to the American people to justify a war of choice against a country that could not have threatened us if it wanted to.

Vice President Dick Cheney knew what he was doing when he kept returning to the CIA headquarters, strong-arming analysts to make the intelligence fit the chosen policy. John Bolton and the other neocons knew what they were doing when they made claims about Iraq’s weapons of mass destruction they knew were false. The Pentagon’s Office of Special Plans played its role in selling the lie. So did the media.

Edward Gallagher will face trial and possibly jail for his actions. Rep. Duncan Hunter may even face punishment – though perhaps only at the ballot box – for his admitted crimes. But until those at the top who continue to lie and manipulate us into war for their own gain face justice, the real criminals will continue to go free and we will continue pursuing a suicidal neocon foreign policy.

Ron Paul, MD, is a former three-time Republican candidate for U. S. President and Congressman from Texas.

This article is reprinted with permission from the Ron Paul Institute for Peace and Prosperity.

Gennady Stolyarov II and Tobias Teufel Discuss Science, Technology, Politics, and Transhumanism

Gennady Stolyarov II and Tobias Teufel Discuss Science, Technology, Politics, and Transhumanism

Tobias Teufel
Gennady Stolyarov II


On July 9, 2019, U.S. Transhumanist Party Chairman Gennady Stolyarov II conversed with Tobias Teufel, a transhumanist from Germany and Allied Member of the U.S. Transhumanist Party, regarding a variety of subjects – including a comparison / contrast of the voting systems in Germany and the United States, robotics, 3D printing, space colonization, life extension, possibilities for persuading those who are reluctant to accept emerging technologies, as well as some thoughts that Mr. Teufel had in connection with the recent First Virtual Debate of the U.S. Transhumanist Party’s Presidential primary candidates. Overall, Mr. Teufel shared some excellent insights regarding technological possibilities – including many that are open to ordinary people today – and some promising ways in which the Transhumanist Party can continue to reach out and educate the public about ongoing technological advances and their uses. Watch the conversation on YouTube here.

Become a member of the U.S. Transhumanist Party / Transhuman Party for free, no matter where you reside. Apply here in less than a minute.

Media and Politicians Ignore Oncoming Financial Crisis – Article by Ron Paul

Media and Politicians Ignore Oncoming Financial Crisis – Article by Ron Paul

The New Renaissance Hat
Ron Paul
July 7, 2019
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The mainstream media was too busy obsessing over Russiagate to notice that, according to an annual Social Security and Medicare Boards of Trustees report, the Social Security trust fund will run out of money by 2035. The trustees also reported that the Medicare Hospital Insurance trust fund will be empty by 2027.

The trustees’ report is actually optimistic. Social Security is completely funded, and Medicare is largely funded, by payroll taxes. Therefore, their revenue fluctuates depending on the employment rate. So, when unemployment inevitably increases, payroll tax revenue will decline, hastening Medicare and Social Security’s bankruptcy.

Another dark cloud on the government’s fiscal horizon involves the Pension Benefit Guaranty Corporation (PBGC), which provides federal bailouts to bankrupt pension plans. The PBGC currently has an over 50 billion dollars deficit. This deficit will almost certainly increase, as a number of large pension funds are likely to need a PBGC bailout in the next few years. Congress will likely bail out the PBGC to avoid facing the wrath of voters angry that Congress did not save their pensions.

Unfunded liabilities like Social Security and Medicare are not included in the official federal deficit. In fact, Congress raids the Social Security trust fund to increase spending and hide the deficit’s true size, while leaving the trust fund with worthless IOUs.

The media also ignored last week’s Congressional Budget Office (CBO) report predicting the federal debt will increase to an unsustainable 144 percent of the gross domestic product by 2049. The CBO’s report is optimistic as it assumes interest rates remain low, Congress refrains from creating new programs, and there are no major recessions.

Few in Congress or in the Trump administration are even talking about the coming fiscal tsunami, much less proposing the type of spending cuts necessary to pay down the debt and have the funds to unwind the entitlement programs without harming those currently reliant on them. Instead, both parties support increasing spending and debt.

Republican control of both houses of Congress and the While House led to increased federal spending of over $300 billion dollars. The House Democratic majority now wants even more spending increases. House Speaker Nancy Pelosi is threatening to not raise the debt ceiling unless President Trump and congressional Republicans agree to lift the spending caps put in place by the 2011 budget deal.

The Republican Congress routinely exceeded the caps’ minuscule spending limits. Therefore, Speaker Pelosi should have no problem getting President Trump and his Republic congressional allies to once again exceed the caps on welfare spending as long as Democrats agree, as they are likely to agree, to bust the caps on warfare spending.

America’s military budget already equals the combined budgets of the next seven highest-spending countries. Instead of allowing himself to be neoconned into wasting trillions on another Middle East quagmire, President Trump should bring home the nearly 170,000 troops stationed in almost 150 countries.

Unless Congress immediately begins making substantial spending cuts, America will soon face a major economic crisis. This crisis will likely involve the Federal Reserve’s debt monetization resulting in a rejection of the dollar’s world reserve currency status. Since the media and most politicians refuse to discuss this topic, it is up to those of us who understand the truth to spread the word, grow the liberty movement, and force politicians to make real cuts right now.

Ron Paul, MD, is a former three-time Republican candidate for U. S. President and Congressman from Texas.

This article is reprinted with permission from the Ron Paul Institute for Peace and Prosperity.

First Virtual Debate Among U.S. Transhumanist Party Presidential Candidates – July 6, 2019

First Virtual Debate Among U.S. Transhumanist Party Presidential Candidates – July 6, 2019

Rachel Haywire
Johannon Ben Zion
Charles Holsopple
Moderated by Gennady Stolyarov II


The first virtual debate among U.S. Transhumanist Party / Transhuman Party candidates for President of the United States took place on Saturday, July 6, 2019, at 3 p.m. U.S. Pacific Time. Watch the debate on YouTube here.

Candidates Rachel Haywire, Johannon Ben Zion, and Charles Holsopple discussed how their platforms reflect the Core Ideals of the USTP and also answered selected questions from the public.

Learn about the USTP candidates here.

View individual candidate profiles:

Johannon Ben Zion
Rachel Haywire
Charles Holsopple

Join the U.S. Transhumanist Party / Transhuman Party for free, no matter where you reside. Apply in less than a minute here.

Those who join the USTP by August 10, 2019, will be eligible to vote in the Electronic Primary on August 11-17, 2019.