Get rid of the money system, then get rid of goverrments

Alasdair Macleod: Bitcoin Will Die Along with Fiat Currencies - Video:

[link to www.youtube.com (secure)] (47 minutes)

This YouTube video is worth downloading to listen a second time;
Dangers of the Centralized Internet with A SOLUTION You've Never Heard About:
[link to www.youtube.com (secure)] (1.8 hours)

Streamed live on Feb 5, 2021 [link to qortal.org (secure)]
[link to bitcointalk.org (secure)]

Qortal is an open source collaborative project created by a group of visionary developers, now 7 years in development.
Sayer Ji with Mike Winner and Jason Crowe discuss the launch of this completely new internet infrastructure. Discussion of blockchain, crypto, value/wealth creation and preservation, censorship, community building, activism, and more.

Be sure to open the chat replay at the YouTube video as there are a lot of valid comments.

No economic forecaster is correct 100% of the time. That said, Martin Armstrong has a fairly good record.

Here is a 70 minute video just posted a couple of days ago. Pretty good: [link to www.youtube.com (secure)]

Our first interview with Martin Armstrong from Armstrong Economics. We questioned Mr Armstrong on various topics: most useful German history lesson, Build Back Better, Klaus Schwab, Julius Caesar, fixed exchange rates, taxes, perpetual bonds, Dow Jones 40000, his legacy and much more.

00:00:00 Introduction
00:00:47 Which German history lesson is most useful to predict the future ?
00:03:57 Velocity of money a proxy for faith in the government ?
00:05:09 Old theories based on fixed exchange rates
00:07:13 Armstrong about politicians
00:09:00 Fake news in ancient times
00:10:17 Klaus Schwab - World Economic Forum
00:13:45 Amazon, diversity & unions
00:15:36 Artificial intelligence - misconceptions
00:21:00 Lockdowns & the economy
00:22:01 Retraining, new job qualification possible for everybody?
00:24:47 Politicians vs techno & financial elite
00:29:24 Direct democracy & an end to career politicians
00:31:30 No more taxes
00:38:29 Endgame for economies and economical theories through negative rates
00:40:10 Everchanging regulations - predictions possible ?
00:42:52 Green investments not profitable ?
00:44:46 Stanley Druckenmiller & algo trading nowadays
00:46:08 Hoover & capital flow
00:47:29 Short sellers always to blame ?
00:51:34 Always exaggerated expectations
00:52:44 Misconception of short selling
00:54:05 Russian financial crisis of 98
00:55:50 Why are perpetual bonds better than a default ?
00:58:04 Consols - British perpetual bonds
00:58:31 Dow Jones 40.000 ?
01:00:39 Professional legacy ?

Fifty Three minute video. This is one that deserves downloading to watch a second time later.

[link to www.youtube.com (secure)] (posted March 7)

The supplied blurb reads:
End of the Road: How Money Became Worthless (2012). Economical Documentary on the international financial system, Gold, Dollar, Money. In 2008 the world experienced financial turmoil. Markets crashed, stocks plummeted, and financial institutions thought to be invincible, collapsed. Was the financial crisis solved or were the problems merely kicked down the road?

Director: Tim Delmastro
Writers: Jason Spencer, Tim Delmastro
Stars: Adam Fergusson, G. Edward Griffin, Mike Maloney

In 2008 markets crashed, stock prices plummeted, and financial institutions, once thought invincible, showed signs of collapse. Governments issued massive bailouts and stimulus packages in an effort to keep the world economy afloat. We’re told these drastic measures prevented a total collapse of our system, yet a growing sense of unease fills the population. Cracks have started to appear. What lies ahead as a result of these bold money-printing measures? Was the GFC solved, or merely kicked down the road?

In 2008, the stock market crashed, and the evidence is clear that the global economy has not recovered completely more than a decade later. To recover from the financial shocks, bailouts and stimulus packages were used to speed up the financial rehabilitation. Governments did what they felt was necessary to ensure that life as we know it could continue on the most familiar path possible. However, the question remains of whether the crash was just a symptom of a larger, more pervasive problem.

As one of the most powerful global political and economic players, the United States government has played and continues to play a critical role in what happens to the global financial system. However, the country has established a pattern that may ultimately undermine the very structures it has influenced. As long as the government is able to maintain the high level of faith it amassed in the beginning, the status quo may remain unchallenged but as time progresses, this seems less and less likely.

The global economy took a turn to its current trajectory in 1971 with the "temporary" suspension of the gold standard. It was then that the 1944 Bretton Woods Agreement was abandoned and money became the fiat currency it is today. But what is the difference between money and currency? Why is it relevant to the average person? How can it even affect the average individual? Understanding these details is important before anyone can begin to grasp why money was but is no longer "as good as gold." It is key to understanding and anticipating how another stock market crash might come about and assessing and inferring from a personal standpoint how likely it is.

There are some who believe the financial system operates as just a giant Ponzi scheme, but as long as they meet everyday needs, does it really matter? Is the problem just at a point where it is in an endless loop that just feeds itself? What role does debt inflation play in all of this? How much of the effects can the government really control and just how far are they willing to go to maintain this control?

Useful information related to this thread:
Thread: Never thought of that?! China's Digital Yuan Comes With An Expiration Date (Page 3)

Knowledge priest, this is easily one of the best if not the best thread on glp, and they know that. It's not like you are a rebel per se, you are just trying to explain how wrongly structured around notions of money, that benefit only the money printers. At the end of the day, it's about who can keep the lights on at night, or run the toaster and coffee pot in the morning. You said on that thread above that you are working on your root cellar, well, since you utterly own this thread and I have chased a bunch of lames off it, well, tell us how you personaly view wealth, over time. Early on we discussed engineering as an occupation one might encourage their kids toward, how do you feel about 2021 and our new set of problems? Hey, here's to ya my bro, it's not like governing is a priori harmful, nor is work translated into fungible medium. Neither of the targets in your title are bad as such, they just are used in a bad way.

NO chance. Global cashless system will commence from 2025 onwards. Notice how cashpoint machines are becoming fewer, coin-op machines are being switched to 'card only', as well as supermarkets self-serve tills slowly switching to 'card only' of late.
CO-OP over here have started testing facial recognition on their self serve tills. I just put my finger over the camera before stepping up. CUFK doze guys. No more co-op shopping for ize.

Forum Borealis playlist featuring Paul Grignon of British Columbia Canada:

[link to www.youtube.com (secure)]

Video number one of the list: [link to www.youtube.com (secure)] (46.3 minutes)

Video: Mike Maloney, Dan Larimer & Adam Taggart: [link to www.youtube.com (secure)] (54 minutes)

The supplied blurb reads: "What is true democracy? How we can help change society to be fairer and more conducive to the creation of prosperity? How can we bypass the censorship of mainstream media? Why is it so important to build not just your own independence - but that of your community? Join Mike Maloney and Adam Taggart as they ask Daniel Larimer about his new book, and get his latest thoughts on elections, independence, blockchain, sound money and more. Those who follow Mr Larimer’s work will be excited to hear details of his new project ‘Clarion’ towards the end of this discussion. Grab a drink, get comfortable, and enjoy this long-form interview with one of the most important minds of recent times. Download Daniel Larimer’s new book for FREE right here: www.MoreEqualAnimals.com

Download Mike's best-selling book for free here: [link to pages.goldsilver.com (secure)] Thanks for sharing and clicking that 'Like' button. For those wondering why our videos don't appear in their subscription feed immediately - we release our clips to our free weekly email readers first, then later we publish to YouTube. Sometimes it's just hours, sometimes it's a couple of days later. This is to encourage people to join our free newsletter - because one day, we may not have YouTube to rely on. Join our free newsletter list by going to [link to goldsilver.com (secure)] and entering your email address in the 'Get Market Alerts' box at the bottom of the page. As always, thank you for your support."

From page four:
Thread: Cryptocurrency investors should be prepared to lose all their money, Bank of England governor says (Page 4)




This two line post is actually quite profound.

The functions of money as commonly described are an example of circular reasoning. First a gold (or silver) coin is described as it functions in exchange - then in step two the discovery is made that the perfect money is a specie coin. Most of Austrian economics is founded upon such circular reasoning.

In fact, a complete system of commercial exchange is more complex.

When you are examining a cryptocurrency think of what portions of commercial exchange the proposed crypto might be substituted in as a replacement for fiat.

Generally speaking governments are consumptive and destructive of real-world things of value. To the extent that the various and sundry functions of fiat can be replaced with crypto - to that extent you cut overhead cost. Government is one of those overhead costs.

Finished the root cellar project last fall. Had some health problem in Jan.

Raising a child or two into successful adults is quite satisfying. I don't waste a lot of time on worry... And my ability to correctly forecast the future is poor.

There are problems in this world that require multiple skill sets working in a cooperative manner. Some level of governance seems inescapable. That said, there are way too many bureaucracies and bureaucrats at the present.

Getting the psychopaths out of government would be easier if we can fundamentally alter the monetary system.

Dick Allgire explains disruptive technology:

[link to www.youtube.com (secure)] (24.3 minutes)

Tim Pool - Timcast IRL - State of Emergency After MASSIVE Oil Pipeline Hack, Gas Shortage Feared w/Max Kaiser & Stacy Herbert

Two hours ten and one half minutes: [link to www.youtube.com (secure)]

Plenty of good solid information in this video.

Thomas Greco video TAKING BACK OUR ECONOMY

[link to www.youtube.com (secure)] (55 minutes)

Regarding inflation...

When you use interest bearing hypothecated debt as your model for money issuance the total debt grows in an exponential manner until the interest due becomes unpayable - forget about principle - subsequently the model fails.
 
This model was implemented in the period of time 1913-1933 when the fifth plank of the communist manifesto became law and public policy. That is to say that the credit of the nation was claimed to be the property of the government. The government in turn assigned the collectivized credit to a central bank via a license process. A "license" is a permit to do what would otherwise be illegal. The mathematical problem of geometric debt growth is further exacerbated by the failure to recognize in law or policy that the people are the true creditors.

No amount of inflation will solve this design problem.

Jeff Berwick: The Old Devils Are At It Again... The Never Ending War on

[link to www.bitchute.com (secure)] (55 minutes)(posted May 22)

Over the years the John Birch Society has produced a lot of informative and effective written literature, hand-outs, audio and visual material. They started in Wisconsin a long time ago. 60+ years ago.

This video: [link to jbs.org (secure)] is 6.5 minutes

More videos: [link to jbs.org (secure)] very nicely organized by topic.

One of my favorites: [link to jbs.org (secure)] (half hour) OVERVIEW OF AMERICA

Some playlists of videos that pertain to this topic:
[link to www.youtube.com (secure)]

Thomas Greco was a guest speaker:
[link to www.youtube.com (secure)] (64.6 minutes)

Fixing the Economy - Ellen Brown, Nicole Foss, Steve Keen, Aaron Wissner

[link to www.youtube.com (secure)] (53.3 minutes)

Ending Unemployment with State Bank Money, Ellen Brown, Public Banking Institute

[link to www.youtube.com (secure)] (1.7 hours)

Lots of United States history in that video; very interesting.
Mondragon Cooperative mentioned, Lincoln's Greenbacks, William Jennings Bryan - this is a video to watch carefully.

Sean from STG report put out a good video in the last few days which is about the famous children's story Wizard of Oz.

One error at the beginning. L Frank Baum was the son of an oil man, but started a newspaper in S. Dakota and was principally a writer all of his life. Anyway - the video is barely over 15 minutes and worth watching.

[link to www.bitchute.com (secure)]

John McAfee on the possibilities of decentralized exchanges:

[link to www.youtube.com (secure)] (12 minutes)

The Cultural Consequences of Fiat Money | Jörg Guido Hülsmann From the Mises organization.

[link to www.youtube.com (secure)] (57 minutes)

[link to www.youtube.com (secure)]

shit; second try

The Cultural Consequences of Fiat Money | Jörg Guido Hülsmann From the Mises organization.

There is a book to go with that video (free download)
[link to mises.org (secure)]

THE ETHICS OF MONEY PRODUCTION

[link to www.youtube.com (secure)] (57 minutes)

Posted today - July 4 Hyperinflation of U.S. Dollar, New Monetary System and the Meltdown of the Economy


[link to www.youtube.com (secure)] (14.7 minutes)

[link to www.youtube.com (secure)]

sorry; meant to embed

Money GPS has some playlists that look interesting.

[link to www.youtube.com (secure)]

Road Map to the Near Future:
[link to metallicman.com (secure)]

All of us just watched a movie. But nobody said it was a movie, and nobody realized it was a made for public consumption production.

We know about how Hollywood cooperates with the military to produce war movies. Somewhere “over there” is a really bad guy (scenes depicting the bad things the bad guys are doing). Struggles ensue where at first the “good guys” (us – we) suffer losses. Ships sink, on land things get blown up, but finally the tide changes and then in the end the good guys (us – we) win.

Ok, the made for public consumption play was small when compared to war, but there was a lesson taught.

Let me explain. BitCoin has a big presence now, but a very large percentage of the people still don't trust cryptocurrency.

Enter some bad guys (probably Russians – or even worse Bulgarians). Hackers. The story goes that unknown “bad guy” hackers get into the control computers running an oil pipeline. Suddenly oil stops flowing to a segment of the US geographical area. Cue up vehicles backed up in lines trying to access the few stations that still have fuel to sell. And at least one more fear inducing fuel shortage story.

The story line goes that the hackers are demanding payment in BitCoin before the pumps begin pumping again. The pipeline company throws up hands, surrenders, and pays the ransom. Mild condemnation comes from the media. Oil begins flowing again – crises averted.

Enter the FBI who up to this point seems unable to find a bull in a china shop. In less than two weeks the FBI (the good guys in the white hats in this play) have intercepted the BitCoin digital stream and took custody of at least part of the cash.

Where's the perp walk? Were some Russians or even worse Bulgarians taken into custody?

The real lesson here folks is the cryptocurrency BitCoin is safe because agencies of the GREAT TRUSTWORTHY UNITED STATES GOVERNMENT can make it safe for grandmothers to use.

Who asked this question: “What kind of hackers are able to hack into an oil pipeline but don't have an effective exit strategy planned?” Why demand BitCoin in payment rather than Monaro which is supposedly untraceable?

I hope you enjoyed the show.