jsnyder62@gmail.com
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jsnyder62@gmail.comParticipant
Mister Roboto,
One could interpret that article about RFK, Jr. appearing in TheHill.com as meaning that TPTB are getting behind an RFK Jr candidacy. Per the Alex Jones video that Raul put up, he fired Kucinich and hired an ex CIA guy. Meaning that the CIA is now on board. They can push him as an underdog third party outsider to the masses in a bid to secure the appearance of legitimacy and cohesion for the system for one more go around, when they know that virtually no one has any faith left in the system. An alternative to the no election scenario.jsnyder62@gmail.comParticipantAddendum: OR survive the process of cooking!
jsnyder62@gmail.comParticipantRe: MRNA in food:
Someone who knows what they are talking about needs to explain how MRNA survives the digestive process intact (both in farm animals and in humans) before I start thinking this is a problem. Last time I checked, stomach acids break proteins and other things down, which is why most medicines have to be administered intravenously or in the deltoid or gluteus maximus.
Then there’s the question how MRNA survives at normal refrigeration temperatures in food without breaking down. I thought that the covid “vaccines” had to be kept ultra-cold to maintain MRNA integrity before being administered.
This sounds like some sort of scam
jsnyder62@gmail.comParticipant@kassandra said:
“Just got back from a business trip to a major southern city, one of my staff was drugged, taken back to his hotel room, and robbed of everything of value in his hotel room.”
Very sorry to hear this. Can you confirm you mean the Southern U.S.? I live in Boston, things are still pretty calm here, but in NYC, where my employer is located, crime is getting much worse, and there have been increasing instances of these kind of premediated, well planned thefts, though this is the first of this kind I have heard of. This kind of organized attack is very unsettling, and it presages much worse once the economic free fall really gets underway.
jsnyder62@gmail.comParticipant“The top 1% of US taxpayers paid 48% of total US income taxes… the top 10% paid nearly 72%… Meanwhile, the bottom 40% of US income tax filers paid no net income tax at all…”
…”Now I ask, does that sound fair?Come on, guys, this is selective attention leading to crap analysis.
It omits the fact that Social Security and Medicare taxes are assessed starting at dollar one of wages and nearly all of which are paid by workers earning less than $160,200 per year (the current cap on wages subject to SS but not Medicare taxes), amount currently to about 36% of FedGov revenues, while personal income taxes amount to about 51% of revenues. Dividends, royalties and capital gains are not subject to SS taxes, only wages (labor), so this is a 15.6% tax escape clause for a favored class in society.
And by the way, the taxpayer doesn’t get to deduct his SS taxes for purposes of calculating his income taxes, so he / she is taxed twice on the same income, first at a flat tax of about 7.8% and then at his/her income tax bracket.
If you add in the amount that the bottom 50% are paying as an excise tax off of their wages, they are paying a lot more than nothing, since this all adds up to about 36% of total revenues. And while the employer “pays” about half of the SS taxes, it is a charge against labor factored into what the employer is willing to pay the employee. Oh, and the employer gets to deduct that share of taxes in computing its net taxable income for income tax purposes because it is a business expense. Individuals, of course, cannot deduct their living expenses, so the income tax is much more like a tax on gross income, while the corporate income tax is based on net income after business expenses. Corporate income taxes are about 7% of total revenues.
So, interesting inquiry, compare total gross revenues made by US corporations with amount paid in US taxes and total personal income of all individual taxpayers and amount paid in taxes, and then see who is paying their “fair” share.
https://fiscaldata.treasury.gov/americas-finance-guide/government-revenue/
jsnyder62@gmail.comParticipantGerm, Red, re: feasibliity or longevity of CBDCs, see Tim Watkins’ article.
https://consciousnessofsheep.co.uk/2023/02/08/cbdc-bait-and-switch/, evaluating the issue solely from the UK perspective.“If the CBDC really were just a digital replacement for cash, it would use far less energy even than the current card payment systems. But there’s the rub, the technocrats behind the CBDCs have no intention of simply issuing them like cash and then allowing us to transact with them in the same way we do now. Rather, there are going to be hidden layers of digital control built into the system . . .
“The trouble is that the more of that digital surveillance and programmability is built into the system, the more the energy and resource consumption profile begins to look like Bitcoin rather than Mastercard. . . . But – assuming the proportion of transactions is similar across the world – under a fully-functional CBDC system, these 98 percent or so of all transactions would be digital and would require similar energy and hardware costs to those currently incurred by Bitcoin. That is, instead of the 144TWh per year used by Bitcoin, CBDCs would consume some 7,056TWh – more than three times the UK’s total 2019 energy consumption of 2,185TWh… In an increasingly energy-constrained global economy, it should – but likely won’t – be clear that programmable CBDCs are a non-starter… a solution looking for a problem to solve indeed!”
jsnyder62@gmail.comParticipant@AFKTT,
It’s annoying the way you think we all know what Airstrip 1, 2, 3, 4, 5 ad infinitum is.
jsnyder62@gmail.comParticipant“Across the rail industry, Hand said most signalmen are exclusively spending time on these government-mandated tests, rather than doing preventive maintenance, like cleaning and greasing.
“There used to be something called ‘maintenance’ and it was routinely maintaining your apparatus — not just strictly going there when you have a regulated test,” Hand said.”
IDK, why not just eliminate ALL regulatory requirements and formally issue 007 licenses to the nation’s corporations? That’ll really goose profits!
jsnyder62@gmail.comParticipantDr D said,
“Stop f—g around and defend yourself. From N&S, from Pfizer, from I don’t care who. Just do it and hang whoever makes these mistakes off the side of the Pentagon until their bones bleach.”
We know with 100% certainty that the legal system won’t do anything meaningful, and N&S will never pay anything near the damage it has caused, which is likely generational and incalculable. So I guess you are recommending self-help, and you’re welcome to make a start. Unfortunately, the full force of the legal system WILL be brought to bear on you.
I get it, simply “waking up” to the problem doesn’t accomplish anything because we are incapable of effecting change via the political and legal process. On the other hand, TPTB are jonesing for the people to resort to armed self-help so, so badly that they call what happened on January 6 an “insurrection.”
Living as simply as possible in order to stop feeding the beast is probably more prudent and effective, although it involves sacrifice. Stop wanting the s**t they are trying to get us to buy. Stop buying PVC pipe, among other things.
I seriously doubt that the N&S derailment was an intentional act of war on the American people. It reeks too much of corporate cost saving measures to generate investor returns. These are the guys who didn’t want to pay their much downsized employees time off for ANY sick days. The inevitable result of companies being run by bean counters who have no idea of what’s involved, physically, in the systems they “manage” and don’t believe that they will ever bear consequences of catastrophic management, which they are 100% right about. Historically, the use of corporations as liability shields grew because of railroads and the use of the corporate form took off from there, so although no one is mentioning it, we’ve just had a vivid demonstration of why this legal shield from liability (read: the adverse consequences of your behavior) exists.
jsnyder62@gmail.comParticipant“Neo-Nazi Couple Arrested For Alleged Plot To ‘Completely Destroy’ Baltimore”
This has all the makings of a FBI entrapment/false flag operation.
No one knows who has been shooting at electric substations but most have occurred in relatively rural or suburban areas. Never letting lack of knowledge get in the way, a news report this week and posted on Drudge reported that “experts” believed it was white extremists/supremacists. Really? Why would white supremacists want to disrupt electricity distribution? Why isn’t it extremist leftists eco-terrorists who want to bring an end to our use of fossil fuels?
Lo and behold, mere days afterwards, we have a breaking story that two white supremacists want to shut down Baltimore’s electricity – a whole city, with lots and lots of black people in it! Imagine! OMG, the threat is real!
The Feds are prepping some new initiatives with this, G+d knows what they are, but I doubt we will have to wait long to find out.
The ancient power grid is the Achilles’ heel of the digital surveillance and control grid, including any planned rollout and use of CBDCs. Apparently production time for replacement of large transformers is about 2 years, and no one in the US makes them. Har! Western Civ: We just figure out how to skim off existing gigs, we don’t actually incur the costs of maintaining the goose that lays the golden eggs!
The other heel of Achilles is the production of semiconductors, largely centralized in Taiwan, which have to be replaced every so often. Google says the average life span of semiconductors is 3 years, which is obvious BS, I’ve been using the same desktop for five, the cheapo simple ones in my car have been going for years and years, so it’s probably closer to 10 years.
The cost to harden all significant substations and production facilities would cost billions, you wonder what’s stopping them since they conjure billions overnight for aid to Ukraine, but as noted above, we don’t take care of anything, our politicos, multinationals and oligarchs just ride the wave of skimming off of whatever there is.
Maybe they want some PR cover to go bust heads of uppity white people who aren’t buying the NWO, let them eat bugs plans they have for us. Who know? Time will tell.
jsnyder62@gmail.comParticipantI would place the modern government perception management technique of asserting that you are not seeing what you are literally seeing and denying that what is happening before your very eyes is not happening with the FBI assault on the Waco compound on April 19, 1993, while the Feds blared at the inhabitants that “this is not an assault” as the tanks were literally knocking the walls down.
“”I started off on the second story, sitting in a window looking out at the Texas night. As dawn was breaking the phone rang and it was the FBI negotiator saying we need to talk with Steve Schneider right now. I went to wake up Steve and he didn’t want to get up. He said, “We’ll call them later.” So I went back up and told him. He said “No, we need to speak to them right now.” And this point the tanks came up and started surrounding the building. The speaker system came on and said, “We are going to be inserting tear gas into the building. This is not an assault. This is not an assault. The siege is over. Come out with your hands up. You’re all under arrest.” They just kept repeating this over and over. “We’re going to insert tear gas. It will inhabit your clothing and food and make everything in there uninhabitable. Come out now.”
People started waking up, running around. Steve was yelling, “Everybody get your masks.” I started to hear popping sounds around the building. They started to break the walls, break the windows down, spread the CS gas out. The speakers said, “This is not an assault.” Yet I hear glass breaking. I thought, “If this isn’t an assault, I’d hate to see what is.””
So now we’re all inhabitants of the Waco compound.
I’d say never forget but obviously it’s been long forgotten.
jsnyder62@gmail.comParticipantRed,
Fyi, typo – should be “deserts,” not sweet, tasty treats. With that emendation, “Forests precede us, deserts follow” deserves to be immortalized.jsnyder62@gmail.comParticipant“Roll Call, described a “first of its kind” report published by the Department of Defense Comptroller’s office, which revealed at least $58 billion of “congressional additions” above Joe Biden’s budget request.”
The “budget” is pure political theater. We know this because Catherine Austin Fitts and Professor Mark Skidmore found that over the course of about 8 years, the Department of the Army and HUD spent $21 TRILLION dollars more than they were allocated per their budgets, based on reports of the OMB. This news sort of percolated briefly into MSM and was mocked as incompetent bookeeping, as if incompetent bookkeeping could be responsible for a $21T overdraft – laughable on its face. Nevertheless, the Army said oops our books are wrong, we’ll fix them, promise, but subsequently, FASAB published Standard 56, which officially allows the government agencies to keep two separate sets of books, one for public consumption, and one that shows the “classified” spending that must be hidden in the national interest. https://missingmoney.solari.com/
The issue has been discussed numerous times by Fitts and Skidmore on USAWatchdogDOTcomEven Fitts and Skidmore fail to note the obvious, however. In order for the Army and HUD to spend more than budgeted, they essentially have to have open checkbooks; they write the checks, and Treasury fulfills them. In other words, the high school civics version of the budget process, where Congress appropriates $X to this, $Y to that, as if each of these agencies have a bank account and Congress deposits that amount of money into the account each year, and once the agency spends it it is gone, till next year, is pure hooey. There are no limits on spending, at least for certain agencies, and the “budget” has no operative meaning at all.
The budget is just there (1) to put out the illusion of democratic control by elected officials, and (2) to hide the true extent of dollar printing from the eyes of the world, so they can’t assess the extent of dollar devaluation.
Meanwhile, it is now a fact that the government can keep two sets of books, so it is impossible to believe the information about what it spends that it puts out.jsnyder62@gmail.comParticipant“The US adopts yet another pro-Russia policy that strengthens Russia at the expense of the West: Russia is told it doesn’t have to service its debt.”).
I expect that the U.S. pension funds, family offices and hedge funds who hold Russian bonds will next commence lawsuit against the U.S. government under the takings clause of the Fifth Amendment to the U.S. Constitution (“Nor shall private property be taken for public use, without just compensation.”). If the FedGov wants to pursue such a policy for geopolitical strategic purposes, all well and good, but it has to pay for the private wealth it is destroying in the process. If memory serves, the precedent already exists that rendering private property worthless without actually taking ownership of it constitutes a “taking.” So not only does Russia get off the hook, the U.S. taxpayer or more accurately the U.S. money printer will now have to pay Russia’s debt to the U.S. citizens who hold it.
Since the Fifth Amendment like the other amendments applies to “persons,” and is not expressly limited to citizens, I expect that many foreign holders of Russian bonds, including European banks and sovereign wealth funds, will also bring lawsuit under the takings clause. It will be a good time for Constitutional lawyers.
jsnyder62@gmail.comParticipantGiveSendGo is legally correct that it has no legal obligation to adhere to the order of the Ontario Superior Court because that Court has no jurisdiction over U.S. activities. However, this will simply switch the burden of the restriction to the Canadian bank(s) that receive the funds from GiveSendGo, at least if the funds are transferred directly from GiveSendGo’s account and are readily identifiable as coming from that source. “Know your customer” protocols put in place to comply with money laundering laws will make it very difficult to end run the effect of this order, as banks are charged with the responsibility of querying the source of funds. Whoever or whatever organization in Canada is the charged with receiving and disbursing those funds to the individual truckers will then be denied access to those funds in its account.
jsnyder62@gmail.comParticipantSusmarie108,
The best source of Vitamin D is sunshine. if we also want more Vitamin D and to reduce stress, then clearly the recommendation is that we should be stripping off most of our clothes and spending more time in the sunshine, and people in the far north should be moving south.
It’s noteworthy to me that the solutions to the problems caused by “progress” and our lifestyle are all designed to further accommodate that lifestyle with an easy fix like fish oil or some new technology. Let’s not ever, ever, live the lives our animal bodies were originally adapted to.
jsnyder62@gmail.comParticipantDr D:
“I trust everybody saw Bill Maher and Bari Wiess finally snap out of it. And let’s get this straight: same audience as the last two years, saying anything and everything the #Opposite of last night. And they cheer. So wait, you ALWAYS were against this? Or you just cheer and believe #anything #anybody #any where at #any time, tell you to?”
Your remark reminded me of something pertinent that Soren Kierkegaard said in Concluding Unscientific Postscript:
“. . . for it is quite likely that everyone who shouts bravo also shouts pereat, item, ‘crucify,’ and does so without even becoming untrue to his character, since on the contrary, he remains true to himself — qua shouter. ”
“pereat, item” Latin for “let him die, likewise”
jsnyder62@gmail.comParticipantDr. D, I believe the backtracking is due to the fact that the already minimally staffed businesses across the country can no longer stand the 5 – 10 days of absences of people who test positive in the casedemic. It’s really starting to f### them up – especially “essential” services.
In addition to genuinely symptomatic individuals, anecdotally I am hearing from my working adult children (in Boston) that employees in s***ty jobs are using the latest spike in cases to simply call in sick with covid in order to have a 5 – 10 day break from work, with pay in cases where the companies provide sick days. In other words, the low level employees who make everything work have learned to game the casedemic, and this is significantly adding to the havoc.
I suspect that the business bottom line is starting to rein in the lunatic “public health” officials.jsnyder62@gmail.comParticipantMr. Roboto,
John Titus has a very detailed explanation of the move in the M1 money chart and savings and its import on his Best Evidence youtube channel, “Larry & Carstens’ Excellent Pandemic,”
https://www.youtube.com/watch?v=VYOEvurCVuk In a nutshell, it means the Fed is federalizing savings, moving them out of the commercial bank sector.jsnyder62@gmail.comParticipantChooch, true, but not quite so simple as that. Through decades of using chemical fertilizers, we have destroyed the creatures that live in the soil that provide uptake of minerals to the plants. Many of us who are over 50 think that most fruits and veggies don’t taste as good as they did when we were young – it’s not (just) aging taste buds, they actually are missing micronutrients they used to have from living soil.
“Organic” doesn’t always mean what people think it means. Best to supplement buying “organic” with your own garden, with restored soil. Even if you don’t have a lot of space, you can do wonders with microgreens in healthy, living soil. Most microgreens are more nutrient dense than fully grown plants (per weight, obviously). Lots of articles and youtube vids on the internet about growing micro greens. Besides being fresh and tasty, it’s a good way to maintain health when supply chains fail to provide veggies.
jsnyder62@gmail.comParticipantYou are “vaccinated” by the CDC’s own standards, I meant to say.
Note by the way that the definitions do not say that the “vaccine” or “vaccination” has to be administered pursuant to your doctor’s order. Of course not! This would put doctors in the driver’s seat and require everyone to seek medical counsel first (and require informed consent)! They want people to simply show up at CVS or other sites and take the jab, based on their own determination. I.e., they deliberately allow self-determination (“I control what goes into my own body) for an experimental treatment and practicing medicine without a license. Accordingly, they have no basis to object when, on that same basis, you decide to take the supplements – at least as long as there is some support that Vitamin D, zinc, quercitin, Vit C “stimulate the body’s immune response against diseases.”
jsnyder62@gmail.comParticipantRaul,
(Tounge firmly in cheek:) I think you go on too much about facts and data instead of adopting a simple legalistic response – the course most favored by the Covid lunatics – simply redefining “reality”!The CDC changed the definition of “vaccine ” from “a product that stimulates a person’s immune system to produce immunity to a specific disease” to the current “a preparation that is used to stimulate the body’s immune response against diseases. Vaccines are usually administered through needle injections, but some can be administered by mouth or sprayed into the nose.”
It also changed the definition of “vaccination” to “the act of introducing a vaccine into the body to produce protection from a specific disease.” https://www.cdc.gov/vaccines/vac-gen/imz-basics.htm
Accordingly, if you are regularly taking Vitamin D, zinc, quercitin, and/or Vitamin C “to stimulate the body’s immune response against diseases,” I say you simply declare that, voila!, you ARE “vaccinated”!
jsnyder62@gmail.comParticipantKudos, Raul, for bringing the Chesnut posts to our attention. After Spartacus, who says that “COVID-19 is a blood and blood vessel disease,” we now have researcher Chesnut, who states that:
“COVID-19 IS NOT A BLOOD VESSEL DISEASE. IT IS A DISEASE OF IMPAIRED METABOLISM AND AUTOPHAGY (INDUCING SENESCENCE) CAUSED BY THE SPIKE PROTEIN.”IOW, we don’t seem to have scientific consensus yet, and it is good to see and consider the viewpoints striving to best fit and account for the observed phenomena – i.e., “science.” Time (and more data and studies) will tell.
If Chesnut is correct that constant presence of the spike protein, and Pfizer’s CEO’s wish for annual “vaccines” comes true, we will have depopulation, at least in the West. Also potentially casts the U.S. “gift” of 80 million doses to other countries in a different light, although we don’t know (except for Bill Gates) if population control is really an intentional goal or that our government is just idiotic.
“The United States will share vaccines in service of ending the pandemic globally. Today, the Administration announced its framework for sharing these 80 million U.S. vaccine doses worldwide. Specifically, the United States will:
Share 75% of these vaccines through COVAX. The United States will share at least three-quarters of its donated doses through COVAX, supplying U.S. doses to countries in need. This will maximize the number of vaccines available equitably for the greatest number of countries and for those most at-risk within countries. For doses shared through COVAX, the United States will prioritize Latin America and the Caribbean, South and Southeast Asia, and Africa, in coordination with the African Union.”
https://www.whitehouse.gov/briefing-room/statements-releases/2021/06/03/fact-sheet-biden-harris-administration-unveils-strategy-for-global-vaccine-sharing-announcing-allocation-plan-for-the-first-25-million-doses-to-be-shared-globally/jsnyder62@gmail.comParticipant“Mr. Assange, Mr. Snowden: if TPTB wanted them dead they would have been “deceased” a long time ago.
No, they are by far more useful to keep the “informed” subcategory of the rubes with their hairs on fire.”Couldn’t agree more, a kullervo. Keeping Assange alive subject to this relentless torture has a far greater and long lasting in terrorem effect than killing him would have had, which would only martyr him. Meanwhile, those “fighting for Assange” make ridiculous statements that we have to free him because otherwise (hah!) we will lose our freedom of the press. How much freedom of the press do you still have if this has been going on for 10+ years? You think a court opinion is going to reverse this? By all means, free him for the humanity of it, but don’t pretend this will restore or shore up freedom of the press.
Political theater that has a clear implication for would be journalists who want to expose government wrong-doing.
jsnyder62@gmail.comParticipantDr. D, I love your commentary but am skeptical of, and agnostic regarding your predictions – I’ll wait and see. However, having said that, it is very interesting to note that, at the same time that China is about to unleash a Lehman-style contagion event on the Western financial system by letting Evergrande default and go bankrupt for the sake of China’s new “common prosperity” initiative, the Treasury is not going to be in a position to effect a bailout or provide additional unemployment or small business support because of the debt ceiling. Of course, this leaves the Federal Reserve’s liquidity firehose for banks and Blackrock asset purchases , so we’ll see.
jsnyder62@gmail.comParticipantSomeone may have addressed this long ago but I missed it. What does a vaccine that has 95% success rate even mean in the context of a disease that is 99% survivable without the vaccine? Does this mean that of the 1% that otherwise would have died, 0.95% will now live? Is this even demonstrable with clinical test groups in the low thousands?
jsnyder62@gmail.comParticipantSpeaking of new expressions, my son told me there’s a new phrase starting to be bandied about to describe the white, right wing terrists such as those who tried to overthrow our government in January: “Vanilla ISIS.”
Can’t make this stuff up
jsnyder62@gmail.comParticipantmadamski,
This is a repost, the first one didn’t “take” for some reason.
I’m responding to your inquiry re: solutions from the comments section of yesterday’s Debt Rattle. I don’t have any solutions, other than a general direction to go very local with one’s efforts, esp. because centralized governments will not do anything that is remotely helpful – quite the contrary.I think Nicole Foss’s lengthy article from 2015 on the The Boundaries and Future of Solution Space here at TAE is a very good guide, esp. as what NOT to waste time and effort on.
I agree that we all need to blow off steam and point out the insanity from time to time, so that we can all confirm to one another that we see it and remain sane ourselves. I just bemoan the constant focus of documenting the day-to-day progress of America becoming a failed state. I think Morris Berman nailed it pretty comprehensively in his 2014 book, Why America Failed. He is adamant that the structural components of America’s “culture” render a happy ending impossible. He has also no solutions, other than what he calls “dual process” – to carve out a real life worth living while doing the minimum required to survive in the collapsing society. There are lots of youtube vids of him talking about it if you want a preview before getting the book.
jsnyder62@gmail.comParticipantmadamski,
Responding to your inquiry re: “solutions” in the comments to the last Debt Rattle. I don’t have any, other than a general direction that we should all go very local with our efforts esp. because centralized governments are not going to do anything that is remotely helpful. I think Nicole’s lengthy article from 2015 is a very good guide, especially on what NOT to waste time and energy on.I agree we all need to vent and blow off steam from time to time, and confirm to one another that we see the insanity, to remain sane ourselves. I suspect it’s all going to get a lot worse, and soon, and keep getting worse. I just bemoan the constant focus on documenting the day-to-day progress of how America is / is becoming becoming a failed state. Morris Berman nailed it pretty comprehensively back in 2014 in his book, Why America Failed. Lots of youtube vids of him talking about it.
jsnyder62@gmail.comParticipantMr. House, the only party I envision is new forms of communes, small collectives and monasteries to ride out the latest iteration of the collapse of the Roman Empire.
Btw, I’m “tagio” over at Tim Morgan’s site.
jsnyder62@gmail.comParticipantNow that the Trump presidency is drawing to a close, could we spend more time and focus on the sorts of things this site paid attention to pre-Trump, such as the economy, energy, resources, the insanity or destructiveness of elites, etc., and less on the collapsing American political system? Maybe on things that we might actually do that are with the “solution-space,” to use Nicole’s concept?
I am not sure what good was intended to be accomplished pointing out the illegality and/or hypocrisy of the anti-Trumpers for four straight years. Did anyone here think that the Rule of Law was somehow going to triumph, or that this site would change hears and minds? Do we really need “balance” that contrasts how unhinged the left is with how unhinged the right is, or to sift out the kernels of truth in the rights complaints? Again, what is that intended to accomplish? Is this a re-education camp for leftists or recovering leftists?
While I enjoy the ravings of Dr. D as much as the next reader, where was the military disclosure of election fraud that he assured us was coming? How about we stop going down rabbit holes to nowhere.
jsnyder62@gmail.comParticipantIlargi, thank you for running Dr D, some truly original analysis.
Dr D, outstanding article! This. Is the most well-thought out essay on the likely form of the “reset” i have ever read and has the merit of seeming the most practical to implement, as well as most easily accodatung to existing trade patterns.
Like one of the other commenters i was initially confused about the use of crypto in the title but it is evident on reading that you mean public blockchain crytography to verify ownership. A more likely practical use of that since bc seems too unweildy for actual day to day transactions.
Since the benefits of having the fiat reserve currency are too good to give up voluntarily, i am curious whether you have a view of what will trigger implementation of the new system, or whether you think the CBs and governments have sufficient control to roll it out when all systems are fully in place. Iow, do you have a view on the timeline?
Please excuse typos, typed on phone
jsnyder62@gmail.comParticipantIlargi,
Off topic as far as the day’s events go, but I am trying to find an article you did some years ago on the “degrees of separation” of people’s “wealth” from actual physical possession – the thought that people “had” something because it was shown in a monthly statement. In a “what could go wrong” expose, you detailed the intermediation between supposed “ownership” and the reality of things held in street name etc. IMO it was a much needed and much to be recommended article, and now that we seem to beapproaching another shakeup, is worthy as runnning as one of the “oldies but goodies,” or even updating if there is now even more to say about it. Would you mind posting the link?Just sent a donation, thanks for the work you do!
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