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Topic: Economic Totalitarianism - page 12. (Read 345711 times)

sr. member
Activity: 336
Merit: 265
September 04, 2016, 07:44:23 PM
This article confirms my viewpoint that all digital currencies will follow the Ted Kaczynski model of technology always being a detriment to human liberty and freedom:

http://www.bloomberg.com/view/articles/2016-09-01/on-digital-currencies-central-banks-should-lead

They're spelling it out now in non-ambiguous terms that digital currency is just going to be gateway for things like a ban on cash, increased Keynesianism, NIRP, more taxation, etc.  In other words, no matter how it starts out, and might be beneficial in the near term, in the end game you will always be receiving a net loss.  Even with things like Monero, they will just force you to use a fixed address alias system for transactions to bypass the Monero mixer, otherwise you'll be considered a money launderer.  There is really no such thing as "fungible" digital currency as long as governments exist.

Disagree.

That article exemplifies to me how little the PBOC understands about this phenomenon. It shows they are far behind and are likely to get their butts kicked by crypto-currency and blockchains.

They can't take the lead and control, because it is a global phenomenon and they only control their own nation, and with VPNs, Tor, etc, they don't even control their own nation.

Providing a stable value and control over the money supply are not the point of crypto-currencies and blockchains. They entirely don't understand the phenomenon. I told you all upthread that the store-of-value function is not the killer app.

We are only waiting on the blockchain which onboards the masses with popular activities.

It will be very difficult to ban a popular activity which is deemed by the mainstream to be harmless and advancing technology, and to enforce taxation+KYC on zillions of microtransactions.

Edit: I continue to maintain my belief that Bitcoin was primarily driven by tinfoil hats and thus Bitcoin is not the killer app of blockchains:

https://steemit.com/bitcoin/@michaelmatthews/how-i-got-into-bitcoin
sr. member
Activity: 268
Merit: 256
August 27, 2016, 03:36:09 PM
Milosevic finally exonerated.

https://consortiumnews.com/2016/08/24/the-bogus-humanitarian-war-on-serbia/
"It was blatantly ideological; at a notorious "peace conference" in Rambouillet in France, Milosevic was confronted by Madeleine Albright, the U.S. Secretary of State, who was to achieve infamy with her remark that the deaths of half a million Iraqi children were "worth it." Albright delivered an "offer" to Milosevic that no national leader could accept. Unless he agreed to the foreign military occupation of his country, with the occupying forces "outside the legal process," and to the imposition of a neo-liberal "free market," Serbia would be bombed. This was contained in an "Appendix B," which the media failed to read or suppressed. The aim was to crush Europe's last independent "socialist" state."
"The final count of the dead in Kosovo was 2,788. This included combatants on both sides and Serbs and Roma murdered by the pro-NATO Kosovo Liberation Front. There was no genocide. The NATO attack was both a fraud and a war crime."
"At the height of the bombing, the BBC's Kirsty Wark interviewed General Wesley Clark, the NATO commander. The Serbian city of Nis had just been sprayed with American cluster bombs, killing women, old people and children in an open market and a hospital. Wark asked not a single question about this, or about any other civilian deaths."
"Milosevic died of a heart attack in 2006, alone in his cell in The Hague, during what amounted to a bogus trial by an American-invented "international tribunal." Denied heart surgery that might have saved his life, his condition worsened and was monitored and kept secret by U.S. officials, as WikiLeaks has since revealed."
"The exoneration of a man accused of the worst of crimes, genocide, made no headlines. Neither the BBC nor CNN covered it. The Guardian allowed a brief commentary. Such a rare official admission was buried or suppressed, understandably. It would explain too much about how the rulers of the world rule."

Just to seek a second opinion:
http://www-personal.umich.edu/~lormand/agenda/9905/16.pdf
"The Rambouillet Accord : A Declaration of War Disguised as a Peace Agreement"
"A 28,000 strong NATO occupation army, known as KFOR, would be authorised to "use necessary force to ensure compliance with the Accords".
"Kosovo has vast mineral resources, including he richest mines for lead, molybendum, mercury and other metals, in all of Europe."

With this kind of ruthlessness, when they are hunting for cash under your sofa, or down the back of your cushions,
even the cash in your child's piggy-bank will be a target.   
legendary
Activity: 1946
Merit: 1055
August 25, 2016, 11:52:07 PM
CNN Cancels Dr. Drew's Show One Week After He Voiced "Grave Concern" For Hillary's Health

http://www.zerohedge.com/news/2016-08-25/cnn-cancels-dr-drews-show-one-week-after-he-voiced-grave-concern-hillarys-health?page=1

Don't deviate from the party line. In the words of one zerohedge commenter

Quote from: beemasters
I guess everyone opposing Hillary publicly has every reason to fear.

Incidentally, I love Hillary and think she would make the best president... (nervous grin).
legendary
Activity: 1050
Merit: 1001
August 24, 2016, 10:27:00 PM
Political correctness comes to the bedroom: 

http://reelligestilling.dk/dansk-kvindesamfund-sig-skal-jeg-stoppe-under-akten/

New proposals from the Danish womens society, seek to punish men who don't continually ask if his partner is consenting during the "deed" to be punished as rapists under the law.
legendary
Activity: 1946
Merit: 1055
August 22, 2016, 12:21:24 PM
Our Society Is Sick, Our Economy Exploitive, & Our Politics Corrupt

Quote from: Charles Hugh-Smith
Any society that tolerates this systemic exploitation and corruption as "business as usual" is not just sick--it's hopeless.

In noting that our society is sick, our economy exploitive and our politics corrupt, I'm not saying anything you didn't already know. Everyone who isn't being paid to deny the obvious in public (while fuming helplessly about the phony cheerleading in private) knows that our society is a layer-cake of pathologies, our economy little more than institutionalized racketeering and our politics a corrupt auction-house of pay-for-play, influence-peddling, money-grubbing and brazen pandering for votes.

The fantasy promoted by do-gooders and PR hacks alike is that this corrupt system can be reformed with a few minor policy tweaks. If you want a brief but thorough explanation of Why Our Status Quo Failed and Is Beyond Reform, please take a look at my book (link above).

If you want an example of how the status quo has failed and is beyond reform, it's instructive to examine the pharmaceutical industry, which includes biotech corporations, specialty pharmaceutical firms and the global corporate giants known as Big Pharma.

http://www.zerohedge.com/news/2016-08-22/our-society-sick-our-economy-exploitive-our-politics-corrupt
jr. member
Activity: 40
Merit: 6
August 22, 2016, 07:49:43 AM
The collapse of the rule of law goes hand in hand with economic totalitarianism:

http://m.welt.de/vermischtes/article157786035/Spektakulaere-Wende-im-Fall-des-17-jaehrigen-Niklas.html

In this case a German boy was curb stomped by a gang of migrants and later died in hospital from his brain injuries.

Judge ordered an autopsy (which dragged on for three months) his brain is sliced and diced, the findings?

He died from a pre existing ruptured artery and the curb stomping had nothing to do with it.



Todays form of "Piso’s justice" is more concerned about protocol than justice for the victims of crime.This lack of justice for the victim and their family causes negative trust and anger.Of course it is important to ensure the accused is guilty on the points charged but if the accused were proven to have stomped on the victim it certainly looks likely that it was the actual cause of death due to the trauma caused but it would look like they are more interested in being factual to the point of farcical here.Violent crime is increasing due to a lack of compassion in people with the rise of detachment from reality through its glorification on TV,Virtual reality games,extremist cultural beliefs that lack tolerance or any level of wisdom however there are still some good people among the weeds who should speak out against such things instead of cowering to intimidation or fear of reprisal.There is much evil in the world today that is simply forgotten because of selective truth that suit whatever narrative is being propogated.

I offer my condolonces to the family of the victim of this brutal crime and pray that wisdom through some form of grief,suffering and sadness visits the perpetrators some day in a way that educates them and changes their hearts and minds forever and turns them away from such violence towards the righteous path.
legendary
Activity: 1050
Merit: 1001
August 22, 2016, 01:32:18 AM
The collapse of the rule of law goes hand in hand with economic totalitarianism:

http://m.welt.de/vermischtes/article157786035/Spektakulaere-Wende-im-Fall-des-17-jaehrigen-Niklas.html

In this case a German boy was curb stomped by a gang of "tanned germans" and later died in hospital from his brain injuries.

Judge ordered an autopsy (which dragged on for three months) his brain is sliced and diced, the findings?

He died from a pre existing ruptured artery and the curb stomping had nothing to do with it.
legendary
Activity: 1946
Merit: 1055
August 19, 2016, 08:44:58 AM

Compare that to

http://www.marketwatch.com/story/olympic-gold-medals-come-with-big-cash----if-youre-from-one-of-these-countries-2016-08-10

Quote
When swimmer Joseph Schooling edged out Michael Phelps and a tight field in the 100-meter butterfly event on Friday night, he became the first athlete from Singapore to win a gold medal -- and he will be the first to earn the country’s $753,000 gold-medal bonus. That’s nearly 30 times more money than Michael Phelps or any other U.S. athlete would take home for winning gold.

Now Singapore does have an income tax which I assume this will be subject to but it tops out at 20%
sr. member
Activity: 418
Merit: 265
August 19, 2016, 07:39:13 AM

Arent olympic athletes supposed to be amateur?How dafuq can they justify scamming money out of a gold medal winner who "did it for uncle sam"..Looks like its more profitable to be an olympic loser these days getting paid for autographs instead.
sr. member
Activity: 418
Merit: 265
August 19, 2016, 07:37:02 AM
Oldie but goodie

https://cointelegraph.com/news/us-presidential-order-allows-the-state-to-confiscate-crypto-holdings-without-prior-notice

2015-04-02 08:32 AM

Quote
An executive order signed by President Barack Obama has enabled US authorities to become the first to confiscate cryptocurrency holdings without warning.


Hmmm, wasnt that around the time cryptsy lost everything.
legendary
Activity: 1050
Merit: 1001
August 15, 2016, 07:29:57 PM
The wealth confiscation is coming.

http://www.zerohedge.com/news/2016-08-15/wealth-tax-looms-greeks-forced-declare-all-assets-tax-authority

Quote
The Greek finance ministry confirmed some more details of the long-planned registration of all kinds of private wealth that will go into effect in February 2017. As KeepTalkingGreece reports, more than 8,500,000 tax payers registered in Greece will be called to declare all moveable and immovable assets, their total “wealth”, and even cash they possess even if it is below 100 euro. Furthermore, the taxpayers will have to register changes in their assets when they occur and not annually.


Wow that is fucked up, I can see many Greeks giving this the middle finger salute though.
sr. member
Activity: 418
Merit: 265
August 15, 2016, 02:46:08 PM
The wealth confiscation is coming.

http://www.zerohedge.com/news/2016-08-15/wealth-tax-looms-greeks-forced-declare-all-assets-tax-authority

Quote
The Greek finance ministry confirmed some more details of the long-planned registration of all kinds of private wealth that will go into effect in February 2017. As KeepTalkingGreece reports, more than 8,500,000 tax payers registered in Greece will be called to declare all moveable and immovable assets, their total “wealth”, and even cash they possess even if it is below 100 euro. Furthermore, the taxpayers will have to register changes in their assets when they occur and not annually.


Time to devalue those assets before the greasy bastards get their hands on them.I can see a lot of lear jets and triple hulled yachts getting declared as scrap value very soon in greece.
legendary
Activity: 2912
Merit: 1852
August 15, 2016, 11:56:47 AM
The wealth confiscation is coming.

http://www.zerohedge.com/news/2016-08-15/wealth-tax-looms-greeks-forced-declare-all-assets-tax-authority

Quote
The Greek finance ministry confirmed some more details of the long-planned registration of all kinds of private wealth that will go into effect in February 2017. As KeepTalkingGreece reports, more than 8,500,000 tax payers registered in Greece will be called to declare all moveable and immovable assets, their total “wealth”, and even cash they possess even if it is below 100 euro. Furthermore, the taxpayers will have to register changes in their assets when they occur and not annually.



Hmm, imagine all the paperwork involved in declaring changes of assets.......

Quietly bought and properly mixed Bitcoin will help keep wealth unknown to predatory governments.  That would help a little.

The Ionian Sea west of Greece is famous for shipping and boating accidents (probably with lots of wealth lost), it must be dangerous there.

These confiscatory governments do not seem to be interested in letting their countries recover, they just want to loot while they still can.  Typical Marxists.
legendary
Activity: 1946
Merit: 1055
August 15, 2016, 09:14:41 AM
The wealth confiscation is coming.

http://www.zerohedge.com/news/2016-08-15/wealth-tax-looms-greeks-forced-declare-all-assets-tax-authority

Quote
The Greek finance ministry confirmed some more details of the long-planned registration of all kinds of private wealth that will go into effect in February 2017. As KeepTalkingGreece reports, more than 8,500,000 tax payers registered in Greece will be called to declare all moveable and immovable assets, their total “wealth”, and even cash they possess even if it is below 100 euro. Furthermore, the taxpayers will have to register changes in their assets when they occur and not annually.
legendary
Activity: 2912
Merit: 1852
August 13, 2016, 11:08:09 PM
...

iamnotback & others interested in Pacific Islands

Hmm, looks like Pitcairn Island may not be such a great place after all, despite there only being only 40-something there:

http://www.ancient-origins.net/history/real-life-lord-flies-strange-and-violent-history-pitcairn-island-003557

Bad ju-ju there...
sr. member
Activity: 336
Merit: 265
August 13, 2016, 03:37:19 AM
legendary
Activity: 1218
Merit: 1007
August 12, 2016, 12:04:01 PM

Singapore is a richer nation then the United Kingdom apparently which I dont think any other former colony has managed to do.    Problem is its too small, just a city state so not likely to take over a grand influence on world trade from the west.  If its just participating and profiting not governing then its still following the UK and USA  despite being more successful.   UK cut its rates further today after leaving them already near zero for 7 years and will increase its QE program, neither move is a sign of success.   Its unfortunate the world economy is still caught focusing on failed measures then whatever has worked for Singapore or similar growing countries

https://en.wikipedia.org/wiki/Four_Asian_Tigers
https://www.quora.com/Why-do-the-former-colonies-of-Britain-tend-to-be-wealthier-overall-than-the-former-colonies-of-France-the-Netherlands-Spain-or-Portugal
It might be a city-state but I believe that Singapore is more interested in the ability to do a lot of white-collar work and things that aren't based around trade and so, and more technology and knowledge. I have to say though the rest of your points are excellent, and I like the article you posted. I'll probably be sharing that with some people I know who like finance and so, especially with foreign finance people I know.



Interesting article on coindesk today talking about how Singapore is setting itself up to be at the forefront of blockchain developments.

http://www.coindesk.com/singapore-central-bank-blockchain-ceos/
This doesn't surprise me because Singapore has always been quite technologically advanced and they seem to want to be on the forefront of a lot of technological development. if Singapore can start getting involved with the blockchain and doing more stuff related to it, there are most likely going to be a few advancements made related to blockchain technology.
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