Re: Is a Madmax outcome coming before 2020? Thus do we need anonymity?
Cross-posting because I think this is highly relevant to this thread...
mattboldfield, I'd like to hear your reaction to the following even if you disagree with me?
I'm obsessed because if you read my Mad Max and CoinCube's Economic Devastation threads, I believe we are going into a very severe, global economic implosion starting around 2016ish to worsen until 2020 and beyond, due to precisely $223 trillion in global total debt (not including China's huge shadow debt economy backed by copper, etc and other off balance obligations in every country that are lurking) i.e. 313% of global GDP, very roughly a $quadrillion in derivatives ("weapons of mass destruction"- Buffet), and very roughly a $quadrillion of unfunded social welfare promises made by governments. According to the IMF, this is at least a 200 year high in debt-to-GDP ratio, and I am confident it is the worst ever in recorded history since Mesopotamia when all factors mentioned above are included.
Because of the coincident and concomitant technological unemployment (predicted by the prestigious Oxford University at Cambridge, England to destroy 47% of all existing jobs before 2032), there is no way to grow GDP to pay this off. I explained that those who argue that debt is merely an accounting ledger item and thus can be quickly erased and restarted anew are ignorant. So the only choice we have is which sector of society to charge this write-down to. The governments have made it clear with their actions of austerity, increased taxes, and depositor bail-in plans, that they intend to charge the $quadrillions of write-downs to private wealth and not to the elite who own most of the wealth who run the bankster usury system (which is also the government via power vacuum capture of democracy). Imploding private wealth means the government won't have anything remaining to tax. Do you remember what Hitler did (and many other examples in history) when he couldn't raise revenues to pay for his universal health care system? Euthanasia. Y'all do know I hope that Hitler was printing his own money and doing massive public works programs such as the Autobahn.
This looks like it can downward spiral into a Dark Age. That affects all of us.
The only solution I see is for there to be a way for the entrepreneurs who make the world prosperous to have a way to hide their wealth from government so they can continue generating prosperity. Gold won't work, because gold can't be transacted very anonymously over distance nor without being snooped on by those you are transacting with, and this is why every move away from fractional reserves to gold always implodes the economy as the velocity of money plummets (it is down by 50% since 2007). Even the 1800s gold standard was based on fractional reserves at the private unregulated banks (and no Andrew Jackson didn't stop this and concomitant frequent bank runs which is why we ended up with a central bank later), we were not using physical gold as money.
So I devised a (as of yet unimplemented, unpublished) solution for crypto-currency that is reliably anonymous and fixes many of the other problems that I mentioned about Bitcoin.
I believe this solution might save us. And so thus I am obsessed with surviving. I hope you are too.
That makes me a troll?
P.S. On the more conspiratorial perspective, I also see that Bitcoin's design takes us directly to a world government digital fiat which is the 666 tracking system. Not that I necessary believe the Bible's Revelation, but I don't want to live in a world where we are slaves to a top-down control from Brussels.
I'm obsessed because if you read my Mad Max and CoinCube's Economic Devastation threads, I believe we are going into a very severe, global economic implosion starting around 2016ish to worsen until 2020 and beyond, due to precisely $223 trillion in global total debt (not including China's huge shadow debt economy backed by copper, etc and other off balance obligations in every country that are lurking) i.e. 313% of global GDP, very roughly a $quadrillion in derivatives ("weapons of mass destruction"- Buffet), and very roughly a $quadrillion of unfunded social welfare promises made by governments. According to the IMF, this is at least a 200 year high in debt-to-GDP ratio, and I am confident it is the worst ever in recorded history since Mesopotamia when all factors mentioned above are included.
Because of the coincident and concomitant technological unemployment (predicted by the prestigious Oxford University at Cambridge, England to destroy 47% of all existing jobs before 2032), there is no way to grow GDP to pay this off. I explained that those who argue that debt is merely an accounting ledger item and thus can be quickly erased and restarted anew are ignorant. So the only choice we have is which sector of society to charge this write-down to. The governments have made it clear with their actions of austerity, increased taxes, and depositor bail-in plans, that they intend to charge the $quadrillions of write-downs to private wealth and not to the elite who own most of the wealth who run the bankster usury system (which is also the government via power vacuum capture of democracy). Imploding private wealth means the government won't have anything remaining to tax. Do you remember what Hitler did (and many other examples in history) when he couldn't raise revenues to pay for his universal health care system? Euthanasia. Y'all do know I hope that Hitler was printing his own money and doing massive public works programs such as the Autobahn.
This looks like it can downward spiral into a Dark Age. That affects all of us.
The only solution I see is for there to be a way for the entrepreneurs who make the world prosperous to have a way to hide their wealth from government so they can continue generating prosperity. Gold won't work, because gold can't be transacted very anonymously over distance nor without being snooped on by those you are transacting with, and this is why every move away from fractional reserves to gold always implodes the economy as the velocity of money plummets (it is down by 50% since 2007). Even the 1800s gold standard was based on fractional reserves at the private unregulated banks (and no Andrew Jackson didn't stop this and concomitant frequent bank runs which is why we ended up with a central bank later), we were not using physical gold as money.
So I devised a (as of yet unimplemented, unpublished) solution for crypto-currency that is reliably anonymous and fixes many of the other problems that I mentioned about Bitcoin.
I believe this solution might save us. And so thus I am obsessed with surviving. I hope you are too.
That makes me a troll?
P.S. On the more conspiratorial perspective, I also see that Bitcoin's design takes us directly to a world government digital fiat which is the 666 tracking system. Not that I necessary believe the Bible's Revelation, but I don't want to live in a world where we are slaves to a top-down control from Brussels.