Topic: Is a Madmax outcome coming before 2020? Thus do we need anonymity? - page 25. (Read 102789 times)

AnonyMint, what are your thoughts on the development of ZeroCash?

https://www.youtube.com/watch?v=l7LSSE0bRRo&feature=youtu.be

Armstrong wrote that China should bottom in 2020. And Japan will bottom in 2016 (will have its final implosion climax after 26 years of slow motion collapse).

I originally had a difficult time understanding why. Then I realized the reason is because the developing countries including China have a very low government share of GDP, because they don't have elaborate social welfare systems. See my comments on mpettis.com earlier in 2013, where I quoted the Heritage foundation ranking of countries by "Government Share of GDP".

Thus agreed developing world won't go into Mad Max, but they will have a hard down phase 2016 to 2020. We just have to hope that phase doesn't incite war. If we do go into widespread war 2018 or 2019ish, then at the end Asia will come out stronger similar to the USA after WW2.

Armstrong wrote that China should bottom in 2020. And Japan will bottom in 2016 (will have its final implosion climax after 26 years of slow motion collapse).

I originally had a difficult time understanding why. Then I realized the reason is because the developing countries including China have a very low government share of GDP, because they don't have elaborate social welfare systems. See my comments on mpettis.com earlier in 2013, where I quoted the Heritage foundation ranking of countries by "Government Share of GDP".

Thus agreed developing world won't go into Mad Max, but they will have a hard down phase 2016 to 2020. We just have to hope that phase doesn't incite war. If we do go into widespread war 2018 or 2019ish, then at the end Asia will come out stronger similar to the USA after WW2.

A significant number of "locked and loaded, take it from my cold dead hands" Americans are ready to attack the government from within, when the time comes. The "United States" corporation is losing the mandate from the governed.

Everyone knows that the petition is a joke. The only possibility of Russian regaining Alaska is in the event of disintegration of the USA.

This Collapsing Wave structure that the United States appears to be in means it is a one-time-wonder and that the United States will break-up and the there will be no more “united” union. This is becoming self-evidence in the polarization of politics with tremendous differences in culture on a regional basis. The Obamacare is just one aspect revealing the undercurrent whereby one segment of society believes it has a right to force their views upon another group.

Marcus-Aurelius-BustSo unfortunately, the USA does not appear to be destined to remain intact otherwise we would have seen and overall structured wave of 224 years. We seem to be in the Collapsing Wave with the 224 years was from birth to peak with an overall duration of 309.6 years at best. This appears to be like the Collapsing Wave in Imperial Rome itself whereas from the assassination of Julius Caesar in 44BC to the peak in the glory of Rome and population in the city took place under Marcus Aurelius that was 224 years later in 180AD. The decline that followed brought total chaos, sovereign debt crisis, massive government seizure of capital, fragmentation of the Empire, and in the end, Rome was no longer the Capitol and that became Constantinople followed by the split of East and West. We are much more akin to the this type of Collapsing Wave formation whereby society collapses and breaks apart. Now we have the Cycle of War turning in 2014 that appears to be focused within civil unrest at least initially.

We will be reviewing this aspect as well at the Cycle of War – Gold – Sovereign Debt Crisis Conference on March 21st in Philadelphia.

The future course of the United States will follow the same pattern. Pre-Revolution, you had separate states. That became the UNITED states in 1789. We will see a breakup of the states most likely banding together in regions because of the difference in cultural views such as the Bible Belt. The fight over Obamacare illustrates the stark differences and this is fundamentally wrong for it is forcing one groups interests upon another. There is no such thing as equal rights but money is the exception. We are all treated the same even in law (no exception for politicians and bankers) or we are not a nation of equal rights. You can’t be just a little be pregnant! The US will break up, but it should not go into a MADMAX event as long as we reach resistance from the people. If the people keep just watching their sports and never notice what the governments are doing to their future until it is too late, then it can go too far and that in the MADMAX event the ended the Roman Empire.

If we go into a Madmax world where the governments are bailing-in all the bank deposits, they are instituting negative interest rates to charge you money every month for having money, and the IMF's proposed net worth tax, etc...

Then all those who have wealth will want anonymity. And all those who don't have wealth and suck the tit of government, will not want anonymity.

Which one of those categories applies to you?

Do you think that Madmax outcome is not coming before 2020?

No - they are on a path to reclaim some of the revenue (that has been stolen from the citizens of various nation states) from the thieves who have grabbed it in the first place.
...
The only solution I see is for the priviledged class to pay their dues in the countries where they have extracted a surplus value.

They are on the path to destroy Western Civilization as we know it. This is no joke.

The only solution I see is for there to be a way for the entrepreneurs who make the world prosperous to have a way to hide their wealth

Obama is on board fully with the IMF agenda to raise taxes substantially French style. The IMF has been behind the scenes going to every former tax shelter and threatening them to turn over data. They have hit the Caribbean islands right down to Panama. Obama has laced the Ukrainian aid with the IMF Poison Pill. The IMF wants a shit load of money to tear apart the global economy in search of unpaid taxes. The Obama Administration has conspired with the IMF behind closed doors and entirely out of the Congress to pursue this secret agenda. They are on the path to destroy Western Civilization as we know it. This is no joke.

We were thinking similarly:

https://bitcointalksearch.org/topic/m.5854954

I wouldn't mind living in a so-called "dark age" with the level of technical development that has been reached. Furthermore really advanced technical development from this point on will probably be individual or at the very least decentralized any way.

Perhaps these monumental changes represent the end game as envisioned by Karl Marx and what will happen of the fall of central planning is a move into stateless society.

One that doesn't require socialized production due to technical advances such as 3D printing and quantum computing. (Marx never envisioned these technical developments and his theories have a basis in socialized production which is not really relevant now)

Apologies for so many posts. I will try to make this the last one.

Can anyone help me on quantifying the Philippines' total debt-to-GDP ratio?

Note the breakdown from the WSJ blog for emerging markets, 14% public, 34% household & corporate, 43% financial sector, and 9% private-sector external, not including the underground (shadow banking) economy.

I found the official government debt of the Philippines is 49% of GDP. External debt excluding government appears to be roughly $32 billion or 12% of GDP. Gross loans are 37% of GDP but I am not clear if that includes the 35% household debt share of GDP (that would leave only 2% for business? impossible) and the underground economy estimated at 20 - 30% of GDP. I see this underground economy, e.g. these private credit agencies that extend loans at exorbitant interest rates to those who have a vehicle or land title to provide as collateral.

Thus I add it all up and get 133% x 1.3 for underground = 173% of GDP.

The Banko Sentral link on gross loans shows 15% loan growth in 2011, 16% in 2012, and 18% in 2013, while the GDP has only been growing at 7% and that assumes the official 2.5% inflation figure is accurate which I doubt because minimum wage salaries have increased faster.

Is it realistic to assume a -50% drop in GDP ahead for the Philippines when 50% of its OFWs lose their jobs, the credit and infrastructure bubble pops, and the global contagion ahead? That would increase the debt-to-GDP ratio to 300+% but since most of it is domestic if the central bank allows it to liquidate then we get that severe correction and then the debt level shrinks?

I note Banko Sentral is now forced to start raising interest rates due to the new policy on QE and imminent end of ZIRP at the Fed. So the bubble here in Philippines should pop in 2015 when the QE is 0 and Fed starts raising rates.