UNORGANIZED CONSPIRACY OF COMMON INTERESTS There is a longing suspicion in the s

UNORGANIZED CONSPIRACY OF COMMON INTERESTS
There is a longing suspicion in the state, and in some portion of the public, that this industry needs to go away. IMO this was caused by the loose self regulation of the industry. That said, if we look at EVERY revolutionary industry, the first and second generation of ‘producers’ goes bankrupt as they discover the limits of their individual experiments.

I’ve been on this for ten years as of this year, and I’m sticking with we need an insurer of last resort. And that either has to be an independent Board, a network of major financial institutions or the treasury.

And IMO that competition between those three is going to be the next phase. And I suspect that the govt AND a board together will win. Because the financial sector is a worse problem than the govt. And becuse the competitionb etween a board (private) and state (public) is necessary to keep both ‘honest’.

FWIW: IMO the mistaken positioning of the “ledger of title’ as ‘money substitute’ combined to near universal ignorance of the function of the broad range of financial instruments as stores of time on one hand, and a failure to grasp the limits of mathematics on the other, has led to extraordinary fanciful thining by young generations that are spending man years of work, and losing billions of dollars, reinventing what we’ve known for a century: “there is no closure except actionable reality itself.”

And I have to explain that, then you know why the tech problem persists. 😉

Curt Doolittle
The Natural Law Institute