In other words, why can’t greece print money?
Source date (UTC): 2021-11-07 20:37:23 UTC
Original post: https://twitter.com/i/web/status/1457447107518947333
Reply addressees: @rich0292 @EricLiford @hoeberian
Replying to: https://twitter.com/i/web/status/1457447040259088384
IN REPLY TO:
Unknown author
@rich0292 @EricLiford @hoeberian What if it eliminated the demand for fiat currency other than for the state itself to spend?
Original post: https://x.com/i/web/status/1457447040259088384
What if it eliminated the demand for fiat currency other than for the state itself to spend?
Source date (UTC): 2021-11-07 20:37:07 UTC
Original post: https://twitter.com/i/web/status/1457447040259088384
Reply addressees: @rich0292 @EricLiford @hoeberian
Replying to: https://twitter.com/i/web/status/1457446565400956931
Nov 7th Chat: The Challenge of Uniting Conservatives
https://youtu.be/SVnm3Hw_rjQ
Source date (UTC): 2021-11-07 18:58:45 UTC
Original post: https://twitter.com/i/web/status/1457422288840757251
Critical Mass is six to twelve points away. 😉 at anything north of 65%, legislative reform gets ‘easy’. https://twitter.com/Rasmussen_Poll/status/1457357628540084229
Source date (UTC): 2021-11-07 14:46:13 UTC
Original post: https://twitter.com/i/web/status/1457358735081365506
https://twitter.com/Rasmussen_Poll/status/1457357628540084229
@YeahIStillTrade@Rhodok Of course I understand. That doesn’t change anything I’ve said. And It doesn’t change my prediction of what the state will do if BTC were to affect the MONETARY system.
Source date (UTC): 2021-11-06 19:01:54 UTC
Original post: https://gab.com/curtd/posts/107231662232818957
“Q: CURT, HAS RUSSIA GONE RED AGAIN?”
(a) the west is seen as decadent and in decline in much of the world. And a visit to america, or just viewing american streets on google maps will confirm that without much difficulty.
(b) russians are frustrated because their economy was growing until 2014, but the consequences of handling the ukrainian revolution poorly have affected them disproportionately. Worse, all capital is being directed to moscow and st petersburg at the expense of the distant regions. (Again, this is a ‘gamble’ the russian government is taking, given that they expect a rapid collapse of the west – especially europe – witihn the near time horizon as demographic collapse hurts europe more so than the rest of the world.
(c) the entire world is economically equilibrating ending 600 years of european advantage in genetic destribution, institutions, culture, science, and technology, so the entire world will gravitate toward greater state responsibility for the economic condition – which is what we mean by socialism – since socialism always fails, it simply means are more mixed economy favoring state protection of labor markets and prices.
(d) We know what the future looks like and china has taught a very serious and uncomfortable lesson: the chinese are fascists not communists. They are imitating the national socialists not the communists, in every aspect of their society. IN doing so they are demonstrating that the fascists won the argument over the future economic model. Why? Because nationalism, ethonocentrism, heavy trade regulation, state as majority venture capitalism, and private sector as majority producer, is the optimum political model. The only difference is the degree of propaganda necessary to maintain the loyalty of the people to one another (nationalism, ethnocentrism), in proportion to the amount of stress that the people must endure while policy slowly take effect.
Source date (UTC): 2021-11-06 17:28:40 UTC
Original post: https://gab.com/curtd/posts/107231295626670588
@YeahIStillTrade @Rhodok Imagine youi’re in control of the treasury, the central bank,** the IRS, the treasury agents, the FBI, the banking, wire transfer, credit card system, the stock and bond markets, the telcos, and the ISPs. And you want collapse the value of BTC and drive it into an exclusively criminal means of payment. How would you do that? Easily. And then easily force other governments to do so or be cut out of the system.**
And in response to your questions:
(a) it doesn’t matter if you can’t convert btc into anything material (b) they don’t care if you leave – they’d prefer it.
Source date (UTC): 2021-11-06 17:20:13 UTC
Original post: https://gab.com/curtd/posts/107231262366771206
They are going to adopt a state digital currency – we know that. They are just letting the private sector do the R&D and take the R&D risk.
Source date (UTC): 2021-11-06 15:04:35 UTC
Original post: https://twitter.com/i/web/status/1457000970215362564
Reply addressees: @EricLiford @tweetformoneys @Maxhenr23910621 @KevinRudolphJo1 @LukeWeinhagen @RNP_1 @BadBank8 @FabaraD @JeffJonas @axolotl_Finance @JosephRooke @FD
Replying to: https://twitter.com/i/web/status/1457000695710760965
I’m not sure it’s ‘against us’ in the long run, any more than paper money (script) was against us. It’s just tech. You use tech well or badly. The problem is always constraining government from acting badly. And that’s problem of creating market for prosecution of state actors.
Source date (UTC): 2021-11-06 15:03:35 UTC
Original post: https://twitter.com/i/web/status/1457000715658924054
Reply addressees: @EricLiford @tweetformoneys @Maxhenr23910621 @KevinRudolphJo1 @LukeWeinhagen @RNP_1 @BadBank8 @FabaraD @JeffJonas @axolotl_Finance @JosephRooke @FD
Replying to: https://twitter.com/i/web/status/1457000219967639559
BITCOIN, BLOCKCHAIN, THE FUTURE OF MONEY AND ECONOMY
I’m not anti-BTC. I’m just doing my job. That means (a) BTC’s not money, but a fractional divisible share in the btc network (b) dependent upon the BTC network (b) it’s easy for the state to crash its value out of self defense – and it will. It’s an unbacked, uninsured, share in a network – that combines the features of shares of stock and token money.
IE: Know the downside of investments. Don’t time it. Get out early.
1) IMO, more so in the coming near future, than in the past, the state will require and increase monetary levers of influence. So anything that is a threat to fiat currencies will be suppressed. Period. End of story. Does that mean blockchain tech? Absolutely not. 😉
2)However, in that near-future monetary system we may see an even GREATER disconnect between consumer vs business monetary systems, and spending and saving monetary systems. We are past the point of the utility of a single fiat currency. This has been obvious since late 1980s.
3) So the question isn’t whether blockchain survives – because the secure-ledger technology is a vast improvement in ownership (title) registry. It’s whether the state tolerates unbacked assets. IMO the state will end bank money creation, and capture all credit money creation.
4) At present we have about a 1T revenue shortfall. And we have more than 1T involuntarily extracted from the people into the financial sector that should be captured by the state.
5) With the advent of actuarial data at scale, tradable debt, and treasury insurance, banks have negative value and the financial sector has been able to create a state within a state, and a global state at the cost of the populations of liberal political states.
It’s fixable.
6) This is why I say that Blockchain techs are providing free off-book research and development for the state. And that the state is too busy fighting off globalists, populists, and the marxist-pomo revolution, to solve hard problems – only revolution, crash or war will do it.
7) Over long enough time frames all human behavior is deterministic in the absence of a radical increase in the discovery, production, and application of ever-cheaper energy. There is a very near zero chance that I’m incorrect in my estimation by other than timing.
Source date (UTC): 2021-11-06 14:49:55 UTC
Original post: https://gab.com/curtd/posts/107230671393527036