Topic: Economic Devastation - page 17. (Read 504820 times)

It will if blockchain is a game changing tech which touches all people in thr world like internet did.. then perhaps 2025 to 2030 we may get out of recession and new cycle is.born

Ballsy saying that the world will rebound in 2016. We're still a decent ways away from getting close to getting out of the pre-recissionary scenario we're currently stuck in, and just a few commodities going up slightly in value isn't worth what you think it is. Companies have a long way to go to recover from this, and even then money has to start flowing again. A ton of people are holding fiat now.

Markets are organic just like cities are organic.. they all end up dying and being reborn through revolution.. once they reach peak nothing anyone can do but innovate to stop it.

Disagree on the conclusion. Not every market can be considered the same and hence we may see a dichotomy of a few resilient markets charting their own course different from the larger world economy. On valuations, yes even the Indian markets are perhaps still over-valued by 10-15% from the long term averages, but it does not look like a complete lost case. The tide shall turn, if not in 2016 then surely in 2017 - the world will recover and we shall look back at an event that perhaps promised more than it delivered.

Bitcoin has that problem of onboarding, but Steem(it) does not. And there is a better clone/kind of Steem(it) coming which I think is going to make it very easy for the people to get crypto-currency without needing to go through an exchange. And then the world will change. I say this, because I am the person who is creating this new project.

Why is not paying taxes bad for your country? The government is the most inefficient use of resources, so keeping resources out of the government's hands should be the best for growing the economy.

“An elephant is a mouse built to government specifications.”  ― Lazarus Long

You think the government is the only entity which can build roads, schools, and provide food and health care to the indigent?

Rather the problem in India is your country doesn't allow foreigners to invest there without a lot of corrupt bureaucracy. The problem of India is all the corruption. I read there are corrupt police and officials and it is very difficult and dangerous to attempt to do business there.

So what you really need in India is to stop the caste system and stop the corruption.

With crypto-currency and the Internet, we can empower the people of India to rise above the corruption, because the government officials can't control the Internet, the way they can control the lands, the licenses to build infrastructure and do physical business. The virtual economy is global and the people can increasingly go to it to earn income which can't be corrupted.

This is the future.

I like the fact that pow burns work because to me it will resolve into a gdp type metric that john nash said was required for the ideal currency...efficiency of power linearily will scale with how well economy is doing.. in general economy is an oraganic mechanism anyway... when you stop innovating you get recessions until a breakthrough evolved to create more efficient and new use cases in technology to help everyday life and understanding... ive been saying it since i first learned of bitcoin..

When all the things that change the world and impact evolution have shifted to knowledge creation, which money can't buy, then influence over and actual knowledge creation are more valued than money. You can go buy all the useless castles you want, while I change the world. Then we will compare accomplishments.

Also pray tell Satoshi that I can't monetize my Bitcoin killer. He certainly did. But money isn't the goal and he presumably knew that also.

My goal is to move us to the next stage where knowledge creation is important and money (hard resources) less so. Atoms are heavy, but finitely so. Knowledge creation is unbounded. Compare.

In short, your ladder is not a metric of greatest importance. It the illusion that is going to trap the capitalists as we move towards the return of Jesus where resources don't matter any more. Jesus is coming technologically even if not literally.

That is why I suggested you should use your money for good while it still has any relevance. Yeah I am in a rough spot right now financially, but Jesus told me to walk with nothing and stay focused on what is important. (that doesn't mean I am a saint!)


Raising your level in the wrong direction has made you much less likely to have any important impact. You are moving farther away from any sensible decentralized lurch towards the knowledge age with your socialist monetary scheme which is competing directing with the TPTB because it is a power vacuum direction.

Whereas, I am creating technological advances which decentralize and eliminate the power vacuum. And also provides a basic level income for a basic level of work. Which is the way it should be, not some socialistic scheme.


The only non power vacuum will come from technology that renders concentrated control over wealth impotent over anything other than resource capitalism.

Bitcoin failed because it burns a physical resource.

The positive scaling law of Linus' law is the solution. It is the only positive scaling law of software (technology) engineering. And it also applies to truth in a way that I am going to be the first to bring to a money system.

Please continue thinking of me as lower on your ladder. I am confident that is what they thought of Jesus too as he humbly hung out with the bankers and prostitutes because he said that is where the ripe fruit was for saving souls.


Edit: Adam Smith pointed out that those trying to promote the public interest often do worse than those who work for their own optimum economics, due to the invisible hand (or otherwise stated, "you can't do just one thing" ... see how conversationalists destroyed the rivers by trying to save the wildlife from predator wolves). Your goody-goody socialistic coin is in the same genre of myopia:

https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/econ-intro-in-macro-tutorial/v/introduction-to-economics

I am thinking about this a little bit and the big point that sticks out is that when the US dollar loses its status as the reserve currency of the world, this is going to bankrupt the Federal government.

But the States of the USA, have never been able to run perpetual budget deficits.

Trump election shows us the country is politically divided between rural and metropolitan. The "city slicker" derogatory term from the Civil War is still relevant today.

So it seems to me that Trump is going to be the President that presides over the return of the assertion States rights. He even admits that overturning Roe vs. Wade will return the question to the States. He said on 60 Minutes, "well maybe it means a woman will have to travel to another State to get an abortion".

I am very clearly now seeing Armstrong's computer's prediction for the breakup of the USA into regions.

By Trump lowering Federal taxes, he is making the USA competitive again at the State level. Effectively what this does is take resources from the Federal government and make it available at the State level. He is effectively returning us to States' rights.

And I think the globalists want to weaken the Federal government because it creates a power vacuum which opens the door to world government authority, because those States still need to interopt with the world in an international rule of law, not chaos.

Russia and China are primed to fill some of the power vacuum void vacated by the USA as an international super power on the decline. The elites are moving us towards power sharing with international monetary institutions such as the IMF and World Bank.

So the elites will subjugate the conservatives in the USA by their being outvoted in the international community. The conservative States will not have enough political power at the international level to have their policies and voices matter on any decisions or law, trade, migration, etc.. Eventually at some point, they will simply be overpowered. The elite have taken a long-term view because the conservative bastions within the USA are very difficult to defeat head-on.

Agreed and it will be used by the very wealthy for that purpose (in a weighted basket in the SDRs), but my point is precious metals won't be liquid as a daily unit-of-exchange in a Mad Max collapse scenario.

Precious metals can help you preserve wealth over long periods of time, but it is not a liquid asset when the people around you desperately need food, water, medicine, and guns. And the gold dealers have been basically shut down by the lack of a futures market makers and banking system. You won't have enough size to call up Rothschilds or other wealthy elite and negotiate a deal with your gold. Gold at our size of holdings is really only useful when the financial economy is functioning, not in a Mad Max collapse scenario.

Gold, silver and other assets can still be used by society and held as reserve capital.   They dont have to swapped every day as coins to be part of the overall system and I think they will continue to be useful standards of value even in a technologically successfully financed global population.
We need assets not just traded and speculated value.  Even though gold is ironic in its value I think it will be used at some price, it could be at a much lower price.  Its likely to be elevated by the unnecessary volatility of the failing dollar political system


The fact you reference a decade not a year is down to government and the perpetuation of a failure that if capitalist would have occurred in one year.  The failure of some being carried by the benefit of those in society now able to progress better for the clearing of the broken companies.   When everybody fails on both sides of a deal you have the idea of a depression and its usually tied to force applied by a government not capitalism itself

...

Gun toting American conservative OROBTC thinks that it may be a TOXIC BREW of Socialism and demographics that will ultimately kill American society as we have always known it.  Letting in more immigrants (particularly toxic ones) willy-nilly will only add to the Democrat Party and the Free Stuff Army.

I wonder how much howling & screaming we will hear if Trump really goes to work eradicating ObamaCare...

Well the OP of this thread is still correctly predicting the outcome...



Collapse of the socialism economy is normally congruent with the rise in popular outcry and fanatical support for socialism. An example is Germany's devolution into the Wiemar Republic followed by full scale megadeath and eugenics with the Socialist-Fascist Nazi final stage self-destruction.

From the Understand Everything Fundamentally essay of mine which CoinCube had cited in the OP of the Economic Devastation thread:



Edit: the USA appears to be unique in that the conservatives are strong enough (and have millions of guns which they won't willingly turn over to any government edict), that the socialists can't ram this devolution down the throat of the conservatives. So it appears Trump has been placed into the office so that the conservatives can be blamed for the economic collapse to further divide the liberals and conservatives. I think the plan is to bring a war of attrition against the conservatives by isolating them. Russia and China are just pretending to be the friend of the conservatives in order to weaken the USA via divide-and-conquer, but when the war comes they will be against the conservatives. It might be a psyops war, so obfuscated. I need to study and think more about this. I don't have a complete conceptualization yet. The elite know that the gun toting conservatives in the USA are a big stumbling block that must be weakened on their way to a new world order. Perhaps it is merely sufficient to create disarray and fragmentations, so that the different factions have no choice but to accept the IMF SDR system after the global monetary reset circa 2018 or so.

That is right. We need to maintain the current one but what we need is advance in technology that will increse efficiency which will result in greater speedy economic activities that can help sustain everyone instaed of the slow phase economic activities that goes 10 years for something that were supposed to be done in few days.

Micro management is prevalent in third world socieities is that what you mean? Lets go back 150 years?

Technology is needed ti revamp government.. we still need the current setup but we just need technology to manage it more efficiently