Dollar already has a multitude of alternatives and its continued dominance is seemingly unlikely yet it continues. They probably see bitcoin as a greater threat to places like China or Russia which had banned it
US dollar is held reserve via politics and its position as the worlds only superpower. Bitcoin isnt used as a reserve, proxy or secondary currency by anywhere afaik and though its devs might be great people, but they got a hard time offering a better deal to the largest controllers of wealth which is soveign nations and their leaders.
yea people power, capitalism and all that might may be a dream of toppling the system, I'm 50/50 if that ever happens as your average person is a drone
Topic: Economic Totalitarianism - page 14. (Read 345758 times)
And if they thought bitcoin was a threat, we would all be in Jail.
It is possible they can't see the threat until it is too late. The emperor suffers from either paranoia or overconfidence, but lacks the ability to see what can't be seen from the top-down.
...
I am wondering if the recent terror in Nice and the two mass-shootings of cops in the USA (today three dead cops in Baton Rouge) may be pointing to a quick deterioration of economic and political conditions in the West.
[I discount, for the moment, the attempted coup in Turkey, as it is not clear who did it, maybe Erdogan himself]
#BlackLivesMatter (and other leftie-scum) will be participating outside the RNC there in Cleveland. We may learn more if they riot.
* * *
Urg. A Hillary ad is now playing on TV.........
I am wondering if the recent terror in Nice and the two mass-shootings of cops in the USA (today three dead cops in Baton Rouge) may be pointing to a quick deterioration of economic and political conditions in the West.
[I discount, for the moment, the attempted coup in Turkey, as it is not clear who did it, maybe Erdogan himself]
#BlackLivesMatter (and other leftie-scum) will be participating outside the RNC there in Cleveland. We may learn more if they riot.
* * *
Urg. A Hillary ad is now playing on TV.........
It certainly helps destroy confidence, when you have idiots like Obama race baiting, and the French prime minister commenting that the French people must learn to live with terrorism.
This may be off topic but some good reading here that may or may not be relevant.
http://www.ecb.europa.eu/press/key/date/1999/html/sp990527.en.html
https://mises.org/library/origins-federal-reserve
https://en.wikiquote.org/wiki/The_Constitution_of_Liberty
http://www.ecb.europa.eu/press/key/date/1999/html/sp990527.en.html
https://mises.org/library/origins-federal-reserve
https://en.wikiquote.org/wiki/The_Constitution_of_Liberty
More efficient would be to just assassinate everyone who rises to the top. All elected and unelected officials. Shoot everyone with a badge. Shoot anyone who stands up at a podium and has diarrhoea mouth. Shoot anyone who claims authority.
I'm kinda hoping that is what is coming.
This is why history is so important to any countrys advancement. Chairman Mao as recently as the 1960's was killing off the educated people of his giant nation and China is in no way backwards, they had plenty of 'top officials' to kill
Also Stalin did this, anyone close to him was a threat and many died because his ego was so fragile along with millions of peasants who suffered a loss of their food vs an army important to his power
Also Cambodia they killed off many millions, just owning glasses was seen as an advancement threatening to the totally flat society required by a singular vision of perfection. When the executors had killed off everyone in a town, they too were killed because now they knew too much about what had happened, history is valuable.
Capitalism is seen as a threat because its ruthless competetive advantage of some over others. The really massive threat is when people try to make all of society absolutely equal, its ironic because that over powering rule in a journey for nirvana ends in death; capitalism being open competition somehow is fairer and each generation mistakes that I think.
Quote
Greenspan, Federal Reserve
There is no other agency of government which can overrule actions that we take
All this QE and endless bad debt we see now, thats another chapter in ironic equality. I think that quote resembles totalitarianism from the Fed chair, that absolute belief that anyone and anything is necessary collateral There is no other agency of government which can overrule actions that we take
...
I am wondering if the recent terror in Nice and the two mass-shootings of cops in the USA (today three dead cops in Baton Rouge) may be pointing to a quick deterioration of economic and political conditions in the West.
[I discount, for the moment, the attempted coup in Turkey, as it is not clear who did it, maybe Erdogan himself]
#BlackLivesMatter (and other leftie-scum) will be participating outside the RNC there in Cleveland. We may learn more if they riot.
* * *
Urg. A Hillary ad is now playing on TV.........
I am wondering if the recent terror in Nice and the two mass-shootings of cops in the USA (today three dead cops in Baton Rouge) may be pointing to a quick deterioration of economic and political conditions in the West.
[I discount, for the moment, the attempted coup in Turkey, as it is not clear who did it, maybe Erdogan himself]
#BlackLivesMatter (and other leftie-scum) will be participating outside the RNC there in Cleveland. We may learn more if they riot.
* * *
Urg. A Hillary ad is now playing on TV.........
Paradox is awsome. The downside is that you to have to live with the knowledge
that 1+1 doesn't always equal 2, luckily, that probability is infinitely small.
Other, real-life paradox does matter, and finance and law are full of it.
Think about Central Banks this way: Would you like to have an imaginary friend
who gives you money? The USA did that in 1913, and the Brits did it waaay earlier.
Of course, logically, most banking is fraud, so the governments have to create
the legal fiction that Central Bank actions are fair and just, and also that
if ayone else attempts this they go straight to Jail. So if you and I decide
that we have an imaginary friend who gives us money, we not only go to Jail,
we probably get assessed for tax, KYC, AML, structuring, as well. Got that? Cool.
Pass enough laws, and eventually you get two mutually exclusive things that
must be true. This is meat and drink to the legal profession, and since the
Central Banking and financial systems are founded on legal fictions, it's
sorta a permanent open season - don't try this at home, to mix metaphors.
Which brings me to this:
http://www.zerohedge.com/news/2016-07-13/spoofing-trader-who-outsmarted-citadel-and-hfts-gets-3-year-jail-sentence
"And the biggest irony: Steven Peikin, one of Coscia's lawyers, argued that high-frequency traders routinely canceled orders. He told the jury that Coscia's trading strategy was unique but not illegal. Wrong: it is illegal, but he is absolutely right that everyone does it, especially the HFTs. But doesn't matter - next year Coscia will be back in court to hear just how many years he will spend in prison."
Fast forward to today when Coscia's story gets its conclusion. As Bloomberg reports, Michael Coscia, the first person convicted of spoofing after it was made a crime under the Dodd-Frank Act, was sentenced to three years in prison by a federal judge in Chicago, less than half the time sought by prosecutors."
"His real crime? Taking on the HFTs, and Citadel, and winning. Now he gets to spend 3 years in prison thinking about it. And let that be a lesson to anyone else out there who dares to do the same."
There are many facets to this story, one is this: TPTB realised that this
was just another version of the "imaginary friend" and that if it was allowed
to continue, the entire Banking scam would fall apart. So, everybody knows
what's going on, they even complain to the regulators - but when they do
as others do, and are profitable, they get arrested.
You might conclude that trading is only allowed after the protection tax is paid,
but I couldn't possibly comment on that.
I'll admit I'm surprised that a jury would convict. After all, if they don't
understand what's going on, they have to acquit, don't they?
And if they thought bitcoin was a threat, we would all be in Jail.
that 1+1 doesn't always equal 2, luckily, that probability is infinitely small.
Other, real-life paradox does matter, and finance and law are full of it.
Think about Central Banks this way: Would you like to have an imaginary friend
who gives you money? The USA did that in 1913, and the Brits did it waaay earlier.
Of course, logically, most banking is fraud, so the governments have to create
the legal fiction that Central Bank actions are fair and just, and also that
if ayone else attempts this they go straight to Jail. So if you and I decide
that we have an imaginary friend who gives us money, we not only go to Jail,
we probably get assessed for tax, KYC, AML, structuring, as well. Got that? Cool.
Pass enough laws, and eventually you get two mutually exclusive things that
must be true. This is meat and drink to the legal profession, and since the
Central Banking and financial systems are founded on legal fictions, it's
sorta a permanent open season - don't try this at home, to mix metaphors.
Which brings me to this:
http://www.zerohedge.com/news/2016-07-13/spoofing-trader-who-outsmarted-citadel-and-hfts-gets-3-year-jail-sentence
"And the biggest irony: Steven Peikin, one of Coscia's lawyers, argued that high-frequency traders routinely canceled orders. He told the jury that Coscia's trading strategy was unique but not illegal. Wrong: it is illegal, but he is absolutely right that everyone does it, especially the HFTs. But doesn't matter - next year Coscia will be back in court to hear just how many years he will spend in prison."
Fast forward to today when Coscia's story gets its conclusion. As Bloomberg reports, Michael Coscia, the first person convicted of spoofing after it was made a crime under the Dodd-Frank Act, was sentenced to three years in prison by a federal judge in Chicago, less than half the time sought by prosecutors."
"His real crime? Taking on the HFTs, and Citadel, and winning. Now he gets to spend 3 years in prison thinking about it. And let that be a lesson to anyone else out there who dares to do the same."
There are many facets to this story, one is this: TPTB realised that this
was just another version of the "imaginary friend" and that if it was allowed
to continue, the entire Banking scam would fall apart. So, everybody knows
what's going on, they even complain to the regulators - but when they do
as others do, and are profitable, they get arrested.
You might conclude that trading is only allowed after the protection tax is paid,
but I couldn't possibly comment on that.
I'll admit I'm surprised that a jury would convict. After all, if they don't
understand what's going on, they have to acquit, don't they?
And if they thought bitcoin was a threat, we would all be in Jail.
Fuckers at the top need to be put on welfare for a couple of years as part of their induction training before entering public service.Then they should be offered the average industrial wage for a couple more.That would separate the wheat from the chaff.No expenses,No free travel on business class etc etc.Most of your tax money is wasted on interest on debts accumulated to pay for money wasted on mismanaged/misappropriated spending.Governments are becoming like any other slush fund embezzling funds setting up new things to spend your tax money on and creating more and more debt while they have job security and pensions that are are higher than those with three jobs who still cant pay the rent.For fucks sake your prison system now is even created for profit.
More efficient would be to just assassinate everyone who rises to the top. All elected and unelected officials. Shoot everyone with a badge. Shoot anyone who stands up at a podium and has diarrhoea mouth. Shoot anyone who claims authority.
I'm kinda hoping that is what is coming.
Well if efficiency wasn't the objective, it would be more comical to put them all in the same prison naked and force feed them Cialis and Horny Goat Weed daily. Tromp fucking Hellary with Obummer taking up the rear would be comic gold.
Fuckers at the top need to be put on welfare for a couple of years as part of their induction training before entering public service.Then they should be offered the average industrial wage for a couple more.That would separate the wheat from the chaff.No expenses,No free travel on business class etc etc.Most of your tax money is wasted on interest on debts accumulated to pay for money wasted on mismanaged/misappropriated spending.Governments are becoming like any other slush fund embezzling funds setting up new things to spend your tax money on and creating more and more debt while they have job security and pensions that are are higher than those with three jobs who still cant pay the rent.For fucks sake your prison system now is even created for profit.
How much does Supreme court justice earn, enough that she approves of flat poll taxes on the entirity of a countries population apparently.
I know its only 30 dollars but Ive had only 10 dollars a week for food at least one point in my life and I bet thats not the only time that happens even in advanced countries. Governments are naturally oppressive and when its taken to extremes at least a few will be completely crushed by that arrogance. You know I thought you were joking, its kinda unbelievable
I know its only 30 dollars but Ive had only 10 dollars a week for food at least one point in my life and I bet thats not the only time that happens even in advanced countries. Governments are naturally oppressive and when its taken to extremes at least a few will be completely crushed by that arrogance. You know I thought you were joking, its kinda unbelievable
Supreme Court Justice Ruth Bader Ginsburg was heard to say that were her husband still alive, they would be talking about emigrating to New Zealand.
so maybe it would be a good thing when donald duck wins?
(((Ginsburg))) We don't want her either. 
trollerc
I have an adblocker program so could not see the article.
But, I did see elsewhere (https://www.armstrongeconomics.com/world-news/taxes/australia-creates-domestic-violence-tax/) today that Australia is about to impose a Domestic Violence Tax (presumably even on people who do not hit anyone in their families...).
All -- "Today's Strange But True Tale From America"
Supreme Court Justice Ruth Bader Ginsburg was heard to say that were her husband still alive, they would be talking about emigrating to New Zealand.
The mirth was tangible there at Zero Hedge, encouraging her to go, why there were offers there to pay her airline ticket, First Class!
http://www.zerohedge.com/news/2016-07-11/us-supreme-court-justice-if-trump-wins-its-time-move-new-zealand
Can I get a 50,000,000,000 € bailout too please?
I need to buy bitcoins with them so please be kind and give me a bailout too, I promise I will be a good boy and eat my vegetables
I need to buy bitcoins with them so please be kind and give me a bailout too, I promise I will be a good boy and eat my vegetables
ZeroHedge
by Tyler Durden
Jul 10, 2016 10:42 AM
Deutsche Bank's Chief Economist Calls For €150 Billion Bailout Of European Banks
The cards have been tipped, and it appears Italy's Prime Minister may have been right.
In the aftermath of Brexit, much of the investing public's attention has turned to Italian banks which are in desperate need of a bailout as a result of €360 billion in bad loans growing worse by the day (and not a bail-in, as European regulations mandate, as that would lead to an immediate bank run) to avoid a freeze and/or collapse of Italy's banking sector. This has pushed stock prices - and default risk - on Italian banks to record levels. So far Italy's bailout requests have mostly fallen on deaf ears, as Germany's political leaders have resisted Renzi's recurring pleas for a taxpayer funded rescue. However, as we have alleged, and as the Italian Prime Minister admitted last week, the core risk for Europe is not just the Italian banking sector but the biggest bank of all in Europe: Deutsche Bank.
Recall last Thursday, when speaking at a joint news conference with Swedish Prime Minister Stefan Lofven, Matteo Renzi said other European banks had much bigger problems than their Italian counterparts.
by Tyler Durden
Jul 10, 2016 10:42 AM
Deutsche Bank's Chief Economist Calls For €150 Billion Bailout Of European Banks
The cards have been tipped, and it appears Italy's Prime Minister may have been right.
In the aftermath of Brexit, much of the investing public's attention has turned to Italian banks which are in desperate need of a bailout as a result of €360 billion in bad loans growing worse by the day (and not a bail-in, as European regulations mandate, as that would lead to an immediate bank run) to avoid a freeze and/or collapse of Italy's banking sector. This has pushed stock prices - and default risk - on Italian banks to record levels. So far Italy's bailout requests have mostly fallen on deaf ears, as Germany's political leaders have resisted Renzi's recurring pleas for a taxpayer funded rescue. However, as we have alleged, and as the Italian Prime Minister admitted last week, the core risk for Europe is not just the Italian banking sector but the biggest bank of all in Europe: Deutsche Bank.
Recall last Thursday, when speaking at a joint news conference with Swedish Prime Minister Stefan Lofven, Matteo Renzi said other European banks had much bigger problems than their Italian counterparts.
The broader picture of worldwide declining interest rates has Central Banks
acting like beaters on a grouse moor, driving investors toward US corporate
debt to the benefit of global corporations...
http://www.zerohedge.com/news/2016-07-07/reason-relentless-scramble-us-corporate-debt-one-chart
acting like beaters on a grouse moor, driving investors toward US corporate
debt to the benefit of global corporations...
http://www.zerohedge.com/news/2016-07-07/reason-relentless-scramble-us-corporate-debt-one-chart
Destroying the nation-states and sending the world's capital in the multi-nationals. Now please tell me why that wouldn't be well matched to the plans of the Bilderberg group for a world government beholden to their corporations.
And it will all come flowing in through the USD and US stock market, because that is still the most liquid due to being the reserve currency. Refer to the Armstrong quotes upthread where I replied to aminorex.
And the implications for Bitcoin?
It has no impact on Bitcoin. Bitcoin is not liquid or large enough to talk to any of that $trillions of capital.
Bitcoin exists to preoccupy us nerds on a technology that can only become centralized (Bitcoin = ChinaCoin), while we might have otherwise actually have/had the capability of providing the world a viable technology currency option that could grow enough mass adoption to be large enough. But the we are in late innings already and the time and opportunity are slipping away.
Bitcoin exists to be sure that no nation nor entity can break away by offering a digital currency alternative. Bitcoin is a trap and trojan horse designed to be ideological with the promise of decentralization, but in reality that is an obfuscation and it is not.
Bitcoin exists so that all of us who are awake and want to change the system incriminate ourselves by mixing our ownership of tokens with tokens which have been used for money laundering and other illegal actions, with the entire history recorded publicly while the NSA saves all our IP address activity in their Utah data center, so that later all of us who were awake can be destroyed with clawbacks taking away our homes and every thing.
Bitcoin is very dangerous to be involved with. Ditto gold if there is any record you have it, and if there is no record then you won't be able to dispose of it later when it becomes illegal to dispose of gold without a paper trail. And of course when you do dispose of it correctly, you will (later) be taxed so highly that most of your gains will be wiped out.
Our brave new world. 666 and 1984 approaching. Enjoy.
All quotes..The most terrifying words in the English language are: "I'm from the government and I'm here to help"."Government's first duty is to protect the people, not run their lives".
"No government ever voluntarily reduces itself in size. Government programs, once launched, never disappear. Actually, a government bureau is the nearest thing to eternal life we'll ever see on this earth."
I like the last quote "No government ever voluntarily reduces itself in size. Government programs, once launched, never disappear. Actually, a government bureau is the nearest thing to eternal life we'll ever see on this earth."
But I disagree to some extent. When governments become too much inefficient (or if people don't like it) they simply fall. They may be replaced by another government, but it's not the same one so no eternal life.
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