What Interest Me This Week

Enneagram Type 5

Character is destiny, they say.

Then it goes that knowing the character amounts to knowing his destiny.

The enneagram (I'm not sure if it should be title-cased) is the most accurate map of the human psyche I've found so far. Not even MBTI managed to describe me the way enneagram has.

But it's just about characterization it would have been as meaningful. It comes with an entire suite of framework towards actualization.

I've unknowningly spent many hours learning the general framework, now it's time to go deep into Type 5. Which is a very Type 5 thing to do.

The process of self-discovery, when fruitful, can be like into the mirror seeing a deformed zombie. What I thought are my strengths and shortcomings are all uncannily chronicled by enneagram. I may be weird, but not at all unique.

There is a degree of unease when there exist a system that can foretell your character that well.

You can't help wondering how much agency would you have in influencing your own progression, given that your wetware is largely embedded, and that itself determine how much and what form self-modification can be done.

If that's manageable, it's nothing compared to the hazard of self-fulfilling prophecy. By willfully identifying with a given type, how do you avoid not living down to the pre-conceived notion of those descriptions. How sure are you that you won't end up developing new behaviors according to the suggested identity, which wouldn't have happen had you not gain this knowledge you can't unknow.

No new USD is being printed

Here's what I learned.

Contrary to popular beliefs, The Federal Reserve is not a central bank, it's a domestic bank authority.

The Fed don't get to print money, that's a legal fact.

Money is created when banks lend. Money is destroyed when loans are repaid. There banks are responsible for creating new money by issuing loans.

There exist a massive dollar shortage and it's not up to the Fed to fix it. That could only be fixed if banks lend them. Banks are not lending because they are unwilling to take risks.

Multiply that by the amount of banks lending eurodollars (the kinda USD that change hands between non-American entities) and you get a worldwide dollar crunch.

So why do we get the idea that massive amount of USDs are being printed? Because quantitative easing is designed to tell the inflationary tale. It's a lie told to consumers to encourage spending.

I dunno enough to tell the mechanics of how these illusions are performed in plain sight, so this remains theoretical for me.

The implications are huge if it's true. Gold/Bitcoin etc. are built on the narrative of money printer going brrr. If this is factually not true, then the playbook has to necessarily change.

What's interesting is how this square with the Bitcoin suppression thesis. A deflating USD seems to invalidate that at first glance but I'm not so sure.