Post
Topic
Board Economics
Re: Economic Totalitarianism
by
minor-transgression
on 11/06/2015, 21:16:47 UTC
The blockchain, bitcoin and related cryptocurrencies are now serious contenders within the space occupied
by various national currencies. Much is assumed through the lenses of fiat money and precious metals.
This text offers another view, and one away from these conceits.

1. Without Privacy there can be no Private Property.

It follows from this that the State, unless properly restrained, will attempt to expand its reach
and power by destroying privacy. Every attack on privacy is an attack on private property.
Income tax is an unjustified invasion of privacy and should be replaced by a tax on wealth.

2. A definition of Wealth, Money, and Debt.

Wealth is any commodity that can be stored and consumed, and includes any resource, including land,
that can provide a flow of commodities.
Money is a means of account and a useful end use of wealth.
Precious metals and cryptocurrencies are money.
While money may provide a means to pay tax, a tax on money is illogical.
Fiat "money" is debt. Debt is a claim on wealth at some time in the future.
Taxing debt is a form of insanity. Payment of debt is a political matter.

3. The Politics of Debt.

There are two kinds of debt, good debt and bad debt.
The good debt pays for itself.
The bad debt cannot be repaid.
Where you stand on the queue for repayment depends on your political viewpoint.

On this last axiom depends much of the future of the world.

A vast fraud has been placed on the public as a burden by the body politic.
A crash of the financial system and one worse than 2008 is highly probable
and will likely be triggered by an overcorrection within China that will
reverberate around the world.

Now is the time to prepare yourselves by understanding the mechanisms in play.
The pound in your purse should be redeemable in any bank for a pound of silver.
Similarly, a US dollar bill sould be redeemable by an ounce of silver,
in Germany gold Marks, and also for many other national currencies.

That they are not redeemable is a reflection of the current state of economies,
the mishandling and mendacity of politicians and central bankers, and the partial
interests of those whose hands are on the levers of power.

When the crash comes they will tell you, the public that all is well. That is a lie.
When things worsen they will tell you, the public that they are in control and
that normality will be restored. That too is a lie.
Things will get even worse and they will tell you the public that everything must be
shared for the common good because they know best. That also is a lie.

When it is all over they will have everything and you, the public will have
less than nothing.

Unless ...

You create a Committee for Public Safety, with responsibility and the power to protect
the public from fraud.

The choice is yours.