Mark E. Jeftovic

Author Archives: Mark E. Jeftovic

Mark E. Jeftovic is the founder of Guerrilla Capitalism and CEO of easyDNS.com, a company he co-founded in 1998 which has been operating along the lines described within these pages. No stranger to competing with 800 lb gorillas, easyDNS has consistently "punched above its weight" in a field dominated by behemoths such as Godaddy and Web.com. Since 2013 the company has successively achieved YoY all-time high revenues and profitability despite the entry of Amazon, Google and Oracle into the space as direct competitors.

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Socialism isn’t a failure. It’s a fraud.

“Want to be rich? Start a good business.
Want to be really  rich? Become a socialist.”
— Unknown.

There is no shortage of empirical data that socialism fails every time it has been tried, and leaves the largest body count in it’s wake. Dr. Kristian Niemtietz’s “Socialism: The Failed Idea that Never Dies” documents the three distinct stages socialism goes through

  1. The Honeymoon Phase
  2. The What Aboutery Phase
  3. And finally, when all that’s left is a smoking crater and a pile of bodies, “the not real socialism phase”

Niemietz documents each occurrence of socialism in the 20th century in his book to show that central planning and redistribution simply do not work.

Then there’s the Black Book of Communism, which tallies up the body count of the socialist regimes of the 20th century (over 100 million souls).

So it’s curious, why are our intellectual, cultural and sundry political and economic elites decrying capitalism and promulgating socialism as a cure for societies perceived ills?

Read on

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First Bitcoin, then Libra: Why Nation States are Petrified

A few months ago I was on the Lite Show (Litecoin) podcast, we got to talking about Facebook’s forthcoming crypto currency, which hadn’t been named yet. I mused then that it would totally suck for the entire crypto-currency space to have come this far with Bitcoin, et al only to have Facebook swoop in and take all the marbles. (In marketing parlance this maneuver is called  “grabbing the microphone”)

Then Facebook announced their digital currency, it’s Libra, and it was met with immediate resistance. But the pushback, didn’t come from where one might expect it, from within the crypto community. There was plenty of commentary about it to be sure, but nobody from within the crypto space was saying that Libra had to be stopped. Read on

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The Redemption of Jeff Macke

A couple days ago former CNBC pundit Jeff Macke appeared on the QuothTheRaven podcast. It brought to mind his ignominious  end at CNBC which was punctuated, or perhaps precipitated by a bizarre on camera rant in May 2009. I blogged about it at the time, which is why I’m blogging about his QTR appearance now.

Chris Irons of course asked Macke to comment on that incident, and Macke obliged him, laying out the backdrop of the time (GFC meltdown) and what he was going through as a financial commentator who was expected to deliver witty repartee while many were going bankrupt and network TV was attempting to maintain the narrative (“everything is fine… Jeff, say something interesting, next up: puppies”). Read on

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FOMO Unbound! Did we just miss the Bitcoin bottom?

I meant to write this back around May 7th or so, after I listened to “What Bitcoin Did #104” with Tuur Demester and then read his “Bitcoin in Heavy Accumulation” paper. The title of my post was supposed to be “Is Bitcoin finally putting in a bottom?” Real life got in the way of my writing, for a few weeks and then Bitcoin went and did this

I saw a thread in a crypto group on Facebook polling the members, “What is the catalyst behind the Bitcoin price surge” and I personally think it was the release of that Tuur Demester paper. Until then, there were too many head fakes and too much volatility but he made a cogent case that overall, the whales were back in accumulation mode. Read on

Remembering The Privateer

The Privateer was “The Private Market Letter for the Individual Capitalist”. I remember I started subscribing to it in 2002 or 2003, and continued with it right up until the end, when the Australian Bill Buckler decided to stop publishing it in 2013.

Yet another (one of the very few remaining) voice of reason calls it quits after 30 years of writing The Privateer, one of the best financial newsletters. At this rate there will be virtually nobody left to challenge the daily propaganda spew coming out of the mainstream farcism. As Bill says, “We have been analysing the idiocies and imbecilities of the financial and political “powers that be” for a long time.  And for an equivalent time, we have been watching the “markets” succumb to this detritus.  That process was completed with the global near death financial experience of late 2008 but it had been building up since long before we began to chronicle it in 1984…. we need a break.”  Sadly, expect the amount of idiocies and imbecilities to rise exponentially in the near future as the insolvency of the dying status quo regime is exposed for everyone – not just rich Cypriot depositors – to see. As for Bill: enjoy the break, you have earned it.

At the time (which was around this time of year, I just realized) he gave Zerohedge permission to publish the final issue in its entirety. In addition to putting out The Privateer every 2 weeks, like clockwork for over 30 years, he also issued the Weekly Gold Report every Friday afternoon. It was a treasure, a rare voice of reason against an increasingly shrill din of hysterical, fabricated narratives that pass for “news” or “analysis”.

the-privateer.com comes available

I was thinking of all this because just recently when Mr. Buckler’s old domain name that he used to run his operation from, the-privateer.com, came up for expiry. As some of you may know, my $dayjob is as CEO of a domain registrar, so knowing how to navigate the arcane and byzantine labyrinth of the domain expiry aftermarket, I was able to swoop in and purchase it on auction. No doubt I rescued it from winding up a as a pay-per-click page, or worse.

Quality Alternatives

In the absence of The Privateer it was a challenge to find quality, replacement newsletters, but after wading through a lot of noise, I have found some decent signal: Read on

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Pictures of the Socialistic Future

(My fledgling audiobook company just released an audio version of Eugen Richter’s 1893 work “Pictures of the Socialistic Future”. In order to have an audiobook version of a public domain work accepted into Amazon’s Audible store, you have to first make a kindle version and add some unique original content to it, such as a foreward. What follows is my foreward to the 2019 audiobook edition of this work). Read on

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Everybody Hates Natural Language Autobots

Lately I’ve been thinking that I haven’t been writing enough here about GuerrillaCap’s core mandate – price stability and full employment. Wait, no, that’s The Fed, along with ensuring higher stock markets.

GuerrillaCap’s core mission was supposed to be talking about how small and independent businesses can compete with megacorps. The other night I was thinking about this and noted that it really comes down to one thing: customer service. That’s the one area where economies of scale work against the megacorps and in favour of the indie business. Read on

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The Disturbing Rise of Modern Monetary Theory (MMT)

(Read on Medium)

Lately, we’ve suddenly been hearing a lot about Modern Monetary Theory (“MMT”) in the mainstream media. It could be that with the election of Alexandra Ocasio-Cortez to congress, MMT’s star will rise with hers as she is reportedly an adherent and possibly views MMT as a means to fund her Green New Deal.

As we see below, MMT has been around for some time, having come out of the Chartalism school in the first half of the 1900’s and was made into MMT in the early 90’s by Warren Mosler, apparently after a “long steam” with Donny Rumsfeld, who then referred him to Art Laffer (creator of the Laffer Curve). MMT mostly flew under the radar until around the time of the Global Financial Crisis and is now clearly spiking into public awareness. Read on

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Shut Up and Play Yer Cards

A few months ago I had formed a useful metaphor about the underlying mechanisms at play when those concerned with social justice want to improve things for the greater good. This is nothing new, Bill Bonner & Lila Rajiva wrote an entire book on this called Mobs, Markets & Messiah’s wherein they examined the trail of wreckage left behind by what they called “world improvers” like Che Guevara, Pol Pot, Stalin, the list goes on. Read on

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