Bitcoin Forum

Cross-posting this from the Economic Devastation thread:

https://bitcointalk.org/index.php?topic=355212.msg10737131#msg10737131

---------------------------- Original Message ----------------------------
Subject: (idiot Armstrong): One-world reserve currency will cause all  nations to fail
From:    iamback
Date:    Wed, March 11, 2015 9:54 am
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------



http://armstrongeconomics.com/2015/03/10/the-one-world-currency-not-arriving-voluntarily/


Armstrong, if the global elite do not benefit from a one-world reserve currency with one central bank (such as the World Bank where Larry Summers used to be their Chief Economist), then please explain to us (the 63,000 reads of my writings) why the banksters don't benefit from central bank ZIRP and QE now??

You have painted yourself into a logical corner. On the one hand you explain how the banksters are the only ones benefiting from the QE:

http://armstrongeconomics.com/2015/03/10/negative-interest-rates-brain-dead-thinking-that-will-implode-the-world/


https://www.youtube.com/watch?v=AxOUyPKA_vg


So Armstrong has been pitching this idea that governments could just print the money they need for taxes. So the model he is proposing is where national currencies float against an international reserve currency, so governments can then mess up their own currencies if they wish. He prefer the governments just print the money from their central banks, and the relative success of nations at managing their economic and fiscal policies will determine their relative value of the national currencies relative to the inevitable one-world reserve currency.

But by Armstrong's own admission, trade only accounts for 10% of the world's capital flows and thus the vast majority of the world's wealth will choose the one-world reserve currency as its unit-of-account and thus who ever has their hands on the levers for the debasement and fractional reserves rules of the one-world reserve currency (e.g. the elite who run the World Bank, BIS, IMF, etc..) can then speculate and manipulate the national economies at-will. This will be just Goldman Sachs take over of Europe and Greece but on a global economy-of-scale level.

For analogous reasons as to why the Euro failed, the one-world reserve currency with national government debts denominated in separate currencies will also cause the nations to fail just like Greece did. The bottom line is that who ever controls the reserve currency of the world, holds the power to destroy and enslave the other nations.

Also Armstrong is contradicting himself on claiming above that the impetus for a move to a one-world reserve currency will be only for economic reasons and "not political".

https://www.youtube.com/watch?v=AxOUyPKA_vg


http://armstrongeconomics.com/2015/03/10/the-one-world-currency-not-arriving-voluntarily/


The elite have planned this out a long time ago. They BIS Basel rounds have been preplanned for a long time and they slowly are increasing the Tier 1 capital requirements on banks. This will force mark-to-market and everything will collapse.

From that political problem, the world will have no choice but to accept a monetary reset, and the only way to get all the nations to agree to a reset will be for the power of the reserve currency to not be held by any one nation.

So that power will be transferred to an international entity. The elite will pretend it is a fair entity that has representation from all the nations, but as always, they will control this institution.

Armstrong wrote the following posts to try to refute what I had written as quoted below.

http://armstrongeconomics.com/2015/03/11/rothschilds-fact-or-disinformation-to-protect-the-guilty/
http://armstrongeconomics.com/2015/03/10/the-one-world-currency-not-arriving-voluntarily/
http://armstrongeconomics.com/2015/03/10/federal-reserve-confusion/
http://armstrongeconomics.com/2015/03/10/negative-interest-rates-brain-dead-thinking-that-will-implode-the-world/



It is very sad for me that Armstrong is in bed with the global elite, even if he doesn't realize it.

Of course the global elite don't control destiny. Human nature is in control. But the global elite are indeed playing their role as handed to them on a silver platter by human nature.

Instead of playing into the elite's goals with his Solutions Conference. Armstrong as a programmer should be helping us to create crypto-currency solutions.

Specifically the way to counter the worse effects of the one-world currency are to study my writings about the Knowledge Age which were linked from the opening post of this now 45 page forum thread.


The fundamental theme is summarized in my latter essay about "Thought Isn't Fungible":

http://unheresy.com/Information%20Is%20Alive.html#Thought_Isn%27t_Fungible

The Industrial Age relied on large economies-of-scale for manufacturing, which meant that fixed capital investments and NAV calculations sufficed for investment. The world was structured around a fixed return on capital model. This meant that large capital could find economies-of-scale for investment.

The Knowledge Age destroys all that! Big passive capital becomes dumb and impotent. Active capital (actual knowledge) is required in the Knowledge Age.

Thus those who invest in the reserve currency unit-of-account are in a dying paradigm. That one-world currency and eventual failure of the nations into a one-world government will be paradigm of death and eugenics (exactly as predicted in the Bible).

What is rising to take its place is knowledge based currencies where the unit-of-account can be pegged to the one-world reserve currency at a carrying cost by employing options to stabilize the pegged proxy unit. Since Knowledge Age workers will generate orders-of-magnitude higher ROI than fixed capital investment models (i.e. debt models) in the one-world system, the Knowledge Age workers can easily ignore this carrying cost as insignificant.

This is the mechanism by which the Knowledge Age will conquer the one-world reserve currency.

Good day. Armstrong stop being a dinosaur and give me your damn phone number so we can talk.

I do not see anything about the derivatives bubble popping nor BRICS nor rehypothecated gold. I think that the derivatives fraud is the lit fuse to spread the contagion like a wildfire in tinder dry conditions.

War has been mentioned previously, so what about strategic alliances of, say, Russia and China, ganging up on the west, in particular the USA and NATO? Where does that factor in?

The world's elite do not care about borders. They use the biggest religion of all time against everyone. The religion of Flag Worship. That is how they play nation states off against each other. I do think that it is a big mistake to discredit their ultimate master plan of culling the human race to a population of less than 1 billion.

Rothschild just inherited a multi-billion technology due to the demise of certain partners on a Malaysian flight. How-convenient.

Also nary a mention of black ops programs within the US Military Industrial Complex. The shadow government is very real. Wealth, secrets, and ultimately power has flowed into them for at least 6 decades. In effect they are a more advanced sub-species of humanity using the very thing that you purport to our ultimate safety net - technology.

Governments do not control currency. That is a false assumption. They are a front for the real players. Global Corporate Fascists control the economics of this planet and are the government. While Armstrong is a smart man and seems to have made some timely predictions, I think that he is out in left field with some of his rants.

All of this being said, digital currency is the future. It will be global in nature. But it will not be good for any of us because the technology that they use to control will be so domineering that TBTB will be able to cut you off if you are non compliant with whatever law they decide to throw at you from their pedestals.

Farmland, some livestock, fruit, vegetables, weapons, precious metals, off-the grid power is the way. And as this blue ball spins its way to oblivion it sounds like the best plan for my family and me. Those that are not self-sufficient will end up relying on government handouts and have to be a slave of the nanny state. And she is one mean bitch.

I personally don't see anything wrong with a one world currency and actually think it could liberate people from their governments... just as long as it is a decentralized currency free from state manipulation, like bitcoin. Maybe bitcoin will grow to become a defacto world currency eventually which could exist alongside fiat ones but maybe even overtake them eventually.

I did allude to that. See the underlined text below:

Readers here is a link to his amazing predictions that were correct (https://bitcointalk.org/index.php?topic=355212.msg10733591#msg10733591). Armstrong was even born in a house with the street address number of 3.14 (http://armstrongeconomics.com/2015/03/10/real-estate-doing-well/) (Pi π).


The USA is alienating the rest of the world (https://bitcointalk.org/index.php?topic=355212.msg10692117#msg10692117)[1] and this is necessary to create the massive human crisis and distrust between nations that will force the world to accept only a "neutral" third party to manage the world's reserve currency. This new international institution will be setup in a grand ceremony claiming fairness with representatives from all major nations and the reserve being in some way connected to some basket weighting of various commodities and national currencies.

Note the murals at the Denver airport were commissioned by the elite to perfectly depict the above scenario, yet Armstrong ignores these images even I have emailed them to him many times.

Something is rotten in the Denver airport (13 Photos) (http://thechive.com/2012/03/08/something-is-rotten-in-the-denver-airport-25-photos/)

The elite know they need 7 years of Tribulations and suffering before the nations can be brought to their political knees and beg for a solution. Even the circumstances of the current Pope are indicating (http://armstrongeconomics.com/2015/02/21/the-curiosity-of-a-number/) that this 7 year Tribulation begins soon. And someone showed me that Abomination of the Desolation calculation from the Bible also pinpoints 2015.75.

Note the elite in Russia and China are fully onboard the with the Global Technocracy plan (e.g. see China enacting openly in law NSA like gestapo policies (https://bitcointalk.org/index.php?topic=355212.msg10708644#msg10708644)) and the one-world currency enslavement plan. They are playing along knowing that it is inevitable and that is the only way they can protect their large wealth and power structure.

[1] Armstrong's points out analogously to how Athens alienated all the other States to join forces with Sparta (http://armstrongeconomics.com/2014/10/06/obama-is-out-of-control/) that lead to the fall of the Athenian Empire.

I have posted many times about the Fourth Branch of the USA government (https://bitcointalk.org/index.php?topic=455141.msg5704180#msg5704180) a.k.a. the DEEP STATE which Bill Moyers did a documentary on (https://bitcointalk.org/index.php?topic=455141.msg5347903#msg5347903). And I have pointed out that Donald Rumsfeld admitting on the eve of 9/11 that $2.3 trillion was missing from the Pentagon budget, but all those documents (and investigators) were destroyed (and murdered) at the Pentagon the next day. As well there is a written letter from the SEC admitting that Armstrong's extensive audio recordings of phone conversations that could implicate all the banksters had been destroyed at the WTC buildings (https://bitcointalk.org/index.php?topic=968344.msg10594012#msg10594012).

Are you aware that Armstrong documented the entire Russian Crisis, LTCM derivative failure, and connection to Yeltsin and Edward Safra.[1]

http://i1.wp.com/armstrongeconomics.com/wp-content/uploads/2013/07/Safa-Monaco.jpg?resize=454%2C348

[1]

http://armstrongeconomics.com/2013/07/12/so-who-really-tried-to-blackmail-yeltsin-takeover-russia-nsa-cia-or-investment-bankers/ http://armstrongeconomics.com/2013/03/23/berezovsky-is-dead/ http://armstrongeconomics.com/2014/05/04/conspiracy-or-just-one-step-at-a-time/ http://armstrongeconomics.com/2013/09/11/us-seizing-russian-assets-in-nyc/ http://armstrongeconomics.com/2013/07/01/european-politicians-are-realizing-blackmail-is-the-game/ http://armstrongeconomics.com/2014/03/18/the-us-did-not-cause-the-fall-of-the-soviet-union-that-is-a-false-belief-on-both-sides/ http://armstrongeconomics.com/2015/01/16/black-thursday-january-15-2015/ http://armstrongeconomics.com/693-2/2013-2/can-the-world-really-abandon-the-dollar-as-a-reserve-currency/ http://armstrongeconomics.com/wp-content/uploads/2012/03/looking-behind-the-curtain4909.pdf

---

True but I guarantee you that we hackers can out tech the TPTB and the NSA. I will quote myself to explain why (we are more numerous!):

http://unheresy.com/Information%20Is%20Alive.html#Algorithm_!=_Entropy (http://unheresy.com/Information%20Is%20Alive.html#Algorithm_!=_Entropy)



http://unheresy.com/Information%20Is%20Alive.html#Thought_Isn%27t_Fungible


http://unheresy.com/Information%20Is%20Alive.html#Knowledge_Anneals

---

Sorry none of that nonsense will help you.[2]

You better stop being a dinasour before it is too late.

The Knowledge Age is the only path forward. Technology and prosperity is how you win. Bunker, "man is an island", prepare for shootouts mentality is always a loosing paradigm.

[2]

http://ferfal.blogspot.com/2014/10/the-problem-with-many.html http://ferfal.blogspot.com/2014/11/dual-citizenship-why-is-it-so-important.html http://www.peakprosperity.com/podcast/84705/ferfal-heres-what-looks-when-your-countrys-economy-collapses http://ferfal.blogspot.com/2015/01/the-future-of-preparedness-and-modern.html http://ferfal.blogspot.com/2015/03/6-reasons-why-android-is-better-than.html http://ferfal.blogspot.com/2015/01/private-police-post-shtf.html http://ferfal.blogspot.com/2015/03/would-your-shtf-plan-be-leave-country.html http://ferfal.blogspot.com/2014/12/real-preparedness-facts-why-are-cities.html http://ferfal.blogspot.com/2014/12/pros-and-cons-of-living-in-backwoods-of.html http://ferfal.blogspot.com/2014/11/rural-crime-keeps-getting-worse-what-do.html Your don't need 3000 rounds of ammo: http://ferfal.blogspot.com/2014/10/worst-case-scenario-home-invasion.html

I like the poll question but the answer choices are mutually exclusive, nor collectively exhaustive.

I was rushed and felt like making the answer choices obnoxious for lack of time to give more careful thought.

Mutually inclusive and exclusive choices also provide information. I like experiments. I get bored.

Well the options ARE hilarious, that's undeniable. If the options are mutually exclusive then two people can believe the same answer but choose different choices, which skews your results...it provides inaccurate information.

So when is the economic devastation and one world conspiracy stuff expected to begin. I know a lot of the signs are pointing in a bad direction, is there any talk on timing or triggers?

The underlined is myopic delusion:

https://bitcointalk.org/index.php?topic=966977.0

As best we can make multiple crypto-currencies (so we get decentralization through competition) but none of them will compete with the one-world reserve currency in terms of being the widespread unit-of-account. That is why I proposed the pegging feature using options.

I hope everyone understands the implied point in the OP of comparing the Euro vs. Greece to the one-world reserve currency vs. nations.

Greece was forced to borrow denominated in Euros during the speculative inflow of investment at the turn of the 21st century, but as Germany was more productive they benefited more from the Euro and Greece had no way to devalue their debt. So they are repaying the debt with a lower productive economy with massive egress of speculative investment.

The same problem with happen when the reserve currency for debt is SDRs and then all nations will be repaying their debts in SDRs while they won't have the policy tools to inflate nor deflate their debt burdens to respond to volatility in relative productivity and speculative ingress and egress of capital. Effectively they become a slave to the international central bank who can issue fractional reserve debt denominated in SDRs, which the banksters will surely have in their back pocket again. Just like the Fed now is pumping debt into the developing world making them short the dollar, then it will pull the rug from under them by raising interest rates sending the dollar higher and causing them to repay debt in more expensive dollars.

The only solution to this problem is for the Knowledge Age to rise and say "I don't need stored monetary capital, I need knowledge". I will quote from myself about this as follows.

The Rise of Knowledge (http://www.coolpage.com/commentary/economic/shelby/Demise%20of%20Finance,%20Rise%20of%20Knowledge.html)

Maloney explains some of what I wrote about in this thread.

Maloney in this video is also astute (but the second guy is a tinfoil hat...is that dufus Ed Steer from Doug CaseyResearch.com):

https://www.youtube.com/watch?v=_KJTtY5im1o&index=36&list=UUThv5tYUVaG4ZPA3p6EXZbQ

Man, what's with all these conspiracy theorists popping up these days? It's ruining the forum.

Look, no one is forcing you to use bitcoin or anything else. If you think it brings you benefit, use it, if not, don't. Why does it matter who created it? Why does it matter if this made-up 'illumati" created it, if it clearly brings benefit to the people? Conversely, even if some really well-meaning people created policies that are horrible, then we shouldn't use it.


Evaluate policies/technologies by themselves, don't evaluate it based on who created it. Why does it even matter if the creator gains a larger benefit than you, if you can gain benefit from it?

If you think that no matter what you do, you're just a powerless slave to the elite, then just go commit suicide or something. Lol.

Obviously you have not even read nor comprehended the thread. No where did I write that crypto-currency was not part of the solution. In fact, I wrote the opposite, stating the crypto-currency is part of the Knowledge Age solution.

Armstrong has no answer to my challenge. He goes back to his repetitive theme of blaming the problem on bureaucrats and his hair-brained idea of "direct democracy" as a solution. Voting (politics) is never a solution and can always be subverted by the human nature of collectivism.

http://armstrongeconomics.com/2015/03/11/german-and-spanish-key-banks-fail-us-stress-tests/

Fair enough, I haven't read this thread. The title itself is enough to make me want to puke. Along with a bunch of other threads about the illumati and whatnot recently, I have a very low tolerance for these kinds of conspiracy theories.

The biggest question is, why does it matter? Why does it matter if the elite has an agenda? Why does it matter if someone wants to create a world currency? If you believe that having a world currency is bad, then you can talk about that, don't bring in the illumati or Armstrong or central banks; what they want is completely irrelevant to whether something is good or not.

From a futurist standpoint, we are currently at a 0.7-0.8 on the Kardashev scale. A type I civilization would be completely global, controling the power of the entire planet. For humanity to have a large chance of succeeding, we need to go beyond a type I civilization. According to Michio Kaku, we already have some signs of a type I civilization's culture, a global language (i.e english), global communications system (i.e internet), and I would argue that a global currency is the next logical step towards achieving type I status.

...

iamback is doing us all a great service by raising uncomfortable issues.  The ideas are also complex and require a lot of background reading, which will dissuade many...

Martin Armstrong is starting to grow on me, I had read various of his pieces that he wrote while imprisoned.  He raises topics and refutes others in a way I have not read elsewhere.

And NO ONE can accuse Armstrong of not being brave.  He suffered in prison, and just came out with a nice refutation of one of the grandest of all the conspiracy theories.  No, the Rothschilds do not own it all.

http://armstrongeconomics.com/2015/03/11/rothschilds-fact-or-disinformation-to-protect-the-guilty/

*   *   *

A true story!  By chance my wife met a Rothschild in London back in the late 1970s.  Mr. Rothschild lived near to the family where she was living (as an au-pair).  An elderly man tipped his hat and smiled at her one day.  She went inside and informed the lady of the house what had happened, she thought he was some dirty old man trying to pick her up...  

Mrs. D told her: "Oh, that was Mr. Rothschild, I hope you were polite to him."  

The girl who went on the become my wife asked: "Who is Mr. Rothschild?"  

Mrs. D: "Why, he is one of the richest men in the world..."

---------------------------- Original Message ----------------------------
Subject: Armstrong's hair-brained "direct democracy" idea has failed;  there is only one solution
From:    iamback
Date:    Thu, March 12, 2015 3:49 am
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------


Well Switzerland with its unique "direct democracy" (citizens can raise referendums at-will and have a popular vote) has failed to stop the DEEP STATE (https://bitcointalk.org/index.php?topic=985481.msg10739449#msg10739449) from instituting the plan for Global Technocracy:

http://armstrongeconomics.com/2015/03/12/switzerland-joins-nsa-is-monitoring-its-citizens/


The only solution is to make it relatively very unprofitable to finance ROI with debt. This is what the Knowledge Age will do.

I explained upthread. The one-world system will fall down into the abyss and not be able to compete. The Knowledge Age currencies will be autonomous and numerous, yet pegged to the one-world unit-of-account, but not borrowing in that account because debt won't finance knowledge production (it can only finance tangible things such as factories which are disappearing or become 0 profit activity with the Knowledge Age of 3D printing, etc).

Armstrong's proposed collectivized solutions which he will present at his hair-brained Solutions Conference are just going to lead more of the same collectivized mess. He is not proposing real solutions, rather stop-gap measures to further the collectivization of humanity which is the problem! Human nature can't be altered with organization. Even Armstrong knows this damnit! The only solution is a paradigm shift change in the technology that renders the pre-existing collectivization mode impotent and unable to continue. I have explained that solution.

Nope, but it would probably enslave Russia. Just look at what happened to the Ruble!

Incorrect! The one-world reserve currency will enslave all of the nations. Study my post #11 (https://bitcointalk.org/index.php?topic=985481.msg10741219#msg10741219) more carefully. You didn't comprehend it.

---

I suggest you relate that to "Confessions of an Economic Hitman" by John Perkins. And also relate that to the Asian crisis in 1998, which was caused by speculative international capital flows fleeing to Europe to take advantage of the ingress in investment that corresponded with the launch of the Euro.

Nations are inherently prone to short-term capital ingress and egress. Without their own central bank to inflate out of an egress crisis, they are enslaved by the unit-of-account which is imposed on them by investors.

The problem is fundamentally rooted in the ability of stored money to be a claim on future production. Instead when profitable production results from a diversity of knowledge innovations that are DIRECT (e.g. the customer uses your software, or they 3D print your design) and not just proxies diluted by mass production (e.g. factories make a million copies of your design), then stored money becomes incredibly difficult to invest. The more stored money you have, the faster it withers in relative value.

This is the paradigm shift coming on now due to the Knowledge Age.

In short, investing will become active instead of passive, and investing will be small and numerous (i.e. bottom-up) instead of large economy-of-scale fascism (i.e. top-down).

Sorry Armstrong! Storing capital in money instead of fine-grained (maximum division-of-labor) knowledge thus causing international capital flows that are the problem! That paradigm must be eliminated! We need capital flows to be instead actual finely-grained, bottom-up knowledge exchange, where capital becomes knowledge and not stored claims on future production.

Then there won't be any more nations, nor any one-world top-down slavery.

You say "no one will save and be productive"? Wrong! They will save up their knowledge gained by being productive instead of lazy! This is the paradigm shift of epic proportions and nearly no one sees it is happening.

Spain can not escape austerity because they do not have their own currency to print to finance their bankrupt government!

And even if they did have their own currency floating against a one-world reserve currency, they would still be unable to escape austerity, because investors would punish them by fleeing to less bankrupted nations where they can buy debt denominated in the reserve currency unit-of-account.

If nations attempt to sell debt denominated in their national currencies (that float against the one-world reserve currency), they will find that they can only capture speculative ingress and they will suffer massive volatility and crisis on each egress, because remember international capital flows follow a herding pattern.

Don't forget the famous statement from a USA Treasury official to a Third World country official, "It is our dollar, but it is your problem".

http://armstrongeconomics.com/2015/03/12/spain-look-to-overthrow-austerity/

---------------------------- Original Message ----------------------------
Subject: Armstrong’s lame ass rebuttal is “names of the banksters” change
From:    iamback
Date:    Thu, March 12, 2015 12:05 pm
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------

Armstrong’s lame ass rebuttal to this thread, does not address the allegation that the one world reserve currency will enslave the nations, because he knows damn well that I am correct.

Is Armstrong working for the global elite? Or did they brainwash or hypnotize him in prison? Why can't he refute or admit I am correct?

Instead he points out that the names of the global elite change. Whoop-dee-doo! So what  ??? People die, others take over. Transfers of power occur. Nevertheless the global elite (a.k.a. banksters) remain there doing what they do.

http://armstrongeconomics.com/2015/03/12/the-ny-boys-are-the-modern-medici/

Three days before the 10 year anniversary of the attack on 9/11/2001, I referred to a debate I had with Noam Chomsky.

http://esr.ibiblio.org/?p=3689#comment-321944

I will share my thoughts on this one.

I don't see bitcoin becoming world currency, simply because bitcoin puts the responsibility IN YOUR HANDS.
Our world is lacking of consciousness, most people don't want to care or take responsibility for what they do. They take this zombie-like state "everything is gonna be fine. and if it's not fine it is SOMEONE ELSE FAULT not mine.".

And that in my point of view is what leads to all the major "problems" we face at this time.
"Go shopping, watch some TV, forget about it, take some drugs". That is the kind of idea that is not only fomented by many people at the top but mainly desired by many people at the bottom.

They don't want to think, they don't want to face the consequences, they don't want to choose. And if you don't take control of your life, someone will. Not by force but because that is what you are demanding.

So I see bitcoin as a currency that puts the responsibility on the person. Not the bank or anyone else. You take the risk of its fluctuation, you take the risk if you are robbed. There is no charge-back, no insurance, no nothing.

This zombie attitude is not good for anyone. If there is something to change and some way to make things better that is by expanding consciousness.

Been saying it for a while... they have been looking at bitcoin and they are working in a bitcoin ripoff and will try to push it into them asses and make it mainstream, goverments will probably back it up since they will be all in. Of course all centralized, regulated and closed source like Bill Gates want it. These pigs want to distract the people from bitcoin by creating their own currency and move their fiat scam into the e-currency field and start all over again. This is why we need to reach critical mass of adoption with Bitcoin as soon as possible and go mainstream.

Actually 1 particular billionaire has already done a front run on bitcoin and already controls the Bitcoin Foundation. I discovered this in October of 2014 and soon after the Bitcoin Foundation began scrubbing the article from the Internet. At the time I thought that they would be proud of their achievement but I guess my linking to it and hammering on it made them get rid of it. Google does not have a cache of it and the wayback machine does not work properly on all of the links but I found one that still works:

Original Link:

https://bitcoinfoundation.org/press-releases/press-release-october-7-2014-bitcoin-foundation-financial-standards-working-group-leads-the-way-for-mainstream-bitcoin-adoption-2/

Wayback Link:

https://web.archive.org/web/20141107172316/https://bitcoinfoundation.org/press-releases/press-release-october-7-2014-bitcoin-foundation-financial-standards-working-group-leads-the-way-for-mainstream-bitcoin-adoption-2/

Here is a direct quote to myself about their plan for bitcoin, revealing said billionaire, and you will know him.

A singe currency is as feasible as world peace.
China, Russia, the UK, the US, North Korea or Japan will never accept a currency out of their direct control.

iamback is ignoring his own OP.

Must be catching up on his sleep.

Readers don't read, or lack reading comprehension.

Why don't you try again to read the thread. The national currencies will float against the reserve currency.

The coming global crisis will sink further and further into the abyss until the nations agree to a monetary reset and the only way they will ever agree is if that new monetary reserve unit is not controlled by the USA as it is now.

Seems many readers are confusing Bitcoin with this thread. Bitcoin can never become a reserve currency, because the $200+ trillion of global wealth is not going to be placed in a speculative investment. (Stop with your fantasies about scaling over time, you don't have a clue about reality)

Large capitalists are conservative. They want safety of capital firstmost, then a steady average ROI.

There will never exist such as a thing as a single crypto-currency that is decentralized. It can't exist. Bitcoin is not decentralized. True decentralization will only come from multiple competing currencies (https://bitcointalk.org/index.php?topic=966977.0), thus of course these can never be the reserve currency.

My thesis is that the Knowledge Age (we are leaving the Industrial Age) reduces the demand for stored monetary capital and increases the demand for stored knowledge capital. The Industrial Age (which is moving towards 0 or negative profit margins in China) required large amounts of fixed capital investment, thus a high demand for stored monetary capital. The factory worker and factory engineer are economically insignificant compared to the NAV capital costs of the factory infrastructure.

Whereas the high profit margins are moving towards the knowledge production sector (software programming, marketing, etc). The Industrial Age is dying economically and along with it will die the demand for stored money. The larger the capital, the less effectively one will be able to invest it with a positve ROI.

Thus we don't need crypto-currency to be a reserve currency. Let the oligarchs (and the socialist sheeople/masses) have their reserve currency and enslaved nation-state governments. That is all part of the process of that paradigm dying.

The Knowledge Age will rise with competing crypto-currencies.

Bitcoin will not "winner take all". I guarantee you that.

You will lose the bet.

Sir Richard is one of them. He is their poster boy. He has already front run the coin and I have shown you the hard evidence even though they scrubbed it. You accuse others of not reading yet you do the same. Bitcoin is their baby. Bitcoin was not created by one individual named Satoshi Nakamoto. Bitcoin was created by DARPA and I can prove it.

printed without permission but fuck em this is for the greater good:


So there you have it. Quit denying what is right in front of you. I have shown how they are going to denote it and it will be worth trillions, perhaps more.

You can not stop it. It is coming full steam ahead. I am out to grab as much as I can and just before they reel it all in I will tune out and disappear into the hills.

coinits, calm down you are preaching to the choir. You perhaps don't realize I wrote the syndicated (https://www.google.com/search?q=Bitcoin+%3A+The+Digital+Kill+Switch) essay Bitcoin : The Digital Kill Switch (https://bitcointalk.org/index.php?topic=160612.0). I am the one who has been writing that Bitcoin is owned by TPTB.

In spite of the arguable fact that Bitcoin is controlled by the global elite, my guarantee that it won't be the "winner take all" global currency remains certain.

First of all, simpleton readers don't seem to understand the distinction between a reserve currency and a circulating currency. Crypto-currencies are the latter. Dollar and Euro cash are examples of the latter. US Treasury and Euro-denominated bonds are the former (Tier 1 reserve assets in the BIS Basel model). IMF SDRs are the former.

The global elite are planning for a national (or regional) currencies floating against a global reserve currency. And they are planning for circulating currencies which are all digital. Bitcoin is one gambit in that mix.

Cross-posting from the Economic Devastation thread...


CoinCube is started to get the deeper points I bolded below. Note from the poll results and comments in the one world reserve currency thread (https://bitcointalk.org/index.php?topic=985481.0), that most people are really confused. It will take them a couple of years of reading my teachings before they will realize I AM CORRECT.

Firstly, interesting thread. In depth and a bit dense for me, so I may be way off in my contribution.

Unfortunately, I see all this as completely plausible. Not long ago, all kinds of tracking and surveillance were seen as tin hat paranoiad delusions. Not anymore.

My 2p: Publicly audible blockchain based currency is a boon for surveillance, but it is also great for Average Joe to have control over his own funds. What the NSA / Five Eyes do with phone records & browsing histories, they can do publicly and legally with blockchains, providing they have the knowledge or ability to associate addresses with people. Think of the metadata; phone location tracking, call tracking, debit card linked payment tracking, internet tracking and now forever searchable crypto payment tracking and association. If cash was the last slightly untracable bastion, then a crypto type cash would lessen its 'market share'. I don't think crypto will ever supplant it though. The conundrum for early Bitcoin users then becomes: Is it OK to become fabulously wealthy if this turns out to be some kind of deliberate plan?

Further, I see the de-dollarization as being managed. Governments will never completely agree due to power & political struggles however they will hold hands on relative stability in order to fend off implosion of the system. In the next crisis I ahev read it will be the IMF & SDR's that emerge from sovereign calamity, and a different weighting of currencies in the IMF basket. Monetary reset is not new so I suppose it is to be expected at some stage.

tabnloz, very good. You've almost got it entirely.

Cash is going away. They are phasing it out such as by lowering the ATM withdrawal amounts, confiscating cash at borders, and civil forfeiture laws in the USA where they take your cash for any suspicion of illegal activity and they don't need to prove it (your cash is guilty until proven innocent, because it doesn't have human rights!).

The elite appear to be using Bitcoin to force the banking systems to go electronic in order to compete. Realize the elite can't rule by top-down edicts, because they would become the target of organized resistance. The elite rule by clever deceptions. I believe Bitcoin was created with an elite team of cryptographers from the NSA with funding from the DEEP STATE, i.e. the $2.3 trillion that Donald Rumsfeld admitted on the eve of 9/11 was missing from the Pentagon budget (cumulatively over the decades).

I believe that elite team intentionally (secretly subverting the DEEP STATE that contracted them) or inadvertently launched a market for a real anonymous currency and internet. I believe we can invent crypto-currency that can protect us and work as cash did and with extra beneficial features. Thus I believe Bitcoin will not be the only popular altcoin. But the proof of this will be in the pudding so to speak. Someone has to actually invent something worthwhile.

I had also thought of the same thing that Rickards is saying.

Im pretty sure it was nash who created bitcoin as an ideal currency.. Maybe under nsa but hes been saying it for decades that decentralized ledger is the way to go for economic token.. He published papers to the govt about this.. Hes really the only one qualified with incentives to invent something like bitcoin.

John Nash suffers from a mental "illness" (haha, I think he and I have something in common then, lol).

Links for readers:

http://bitcoinpricelive.com/john-nash-satoshi-nakamoto-bitcoin/


https://bitcointalk.org/index.php?topic=560056.0

I have only seen one photo claimed to be Nick Szabo and it has since disappeared from the internet. I am not sure if he is a real person.

Another theory:

http://www.fastcompany.com/1785445/bitcoin-crypto-currency-mystery-reopened

[1]

http://unenumerated.blogspot.com/2005/12/bit-gold.html http://unenumerated.blogspot.com/2011/05/bitcoin-what-took-ye-so-long.html http://en.wikipedia.org/wiki/Nick_Szabo https://www.cryptocoinsnews.com/nick-szabo-bitcoin-founder-satoshi-nakamoto-breaks-silence-tweet/ https://bitcointalk.org/index.php?topic=576397.0 http://www.entrepreneur.com/article/233143 https://likeinamirror.wordpress.com/2013/12/01/satoshi-nakamoto-is-probably-nick-szabo/ http://www.gwern.net/Bitcoin%20is%20Worse%20is%20Better

It will only enslave the nations if it is forced onto us by the one-world government entity. I actually think a one world currency would do the opposite if it was a fairly issued decentralized one but likely the one world government would be a tyrannical one and not interested in this sort of option. I think bitcoin could rise up as sort of a natural default one world currency for sure. I hope it actually happens as a truly borderless universal currency would be amazing in my opinion.

Impossible. Bitcoin is not decentralized and no crypto-currency can be entirely decentralized. A single, borderless universal currency would NOT be amazing in a good way, rather it would be slavery because it will always be controlled by those who have the most (political) power.

Finally Armstrong capitulates and admits I am correct!

http://armstrongeconomics.com/2015/03/14/real-estate-15yr-v-30yr-mortgage-new-electronic-currency-coming/


But Armstrong still missed the main point. It is impossible to eliminate debt, for that is human nature. Investors buy debt. And investors will measure their ROI against the dominant reserve currency as they do now, thus whether the individual countries sell their debt denominated in the reserve currency or their own national currency is largely irrelevant to the outcome, because the enslavement is caused by what the investors use as their unit-of-account and thus the central bank for the dominant reserve currency will have implicit control over the fiscal and capital account flows of each nation.


Sorry there is no way to make a reserve currency that isn't an enslavement paradigm. All the one world reserve currency will accomplish is transfer the seat of power for control from the USA government and Fed to the international central bank (which of course be controlled by those who have the most power). The only solution is for debt to become much lower ROI activity than the mainstream economy, thus the high ROI Knowledge Age workers will exist in a parallel economy that ignores the socialistic, collectivist economy of government and debt.

"Nicholas J. Szabo = Nash sajo icl baz

“Szabó” is a common Hungarian “Surname”.

Using Hungarian as the code key:

“Sajo” is both a Hungarian river in the “BAZ” and it is the last name of a very well known advocate and Judge “Andres Sajo” who’s work regards “International Constitutional Law”. “ICL” is what “Szabo’s” has created and foreseen in his writing.

“ICL” = International Constitutional Law"

To me if nash is parent then it changes for me what bitcoin is.. and its not conspiracy but more an ideal currency

Armstrong apparently doesn't understand or believe that anonymous crypto-currency is plausible.

http://armstrongeconomics.com/2015/03/14/real-estate-15yr-v-30yr-mortgage-new-electronic-currency-coming/


Anonymous crypto-currency and anonymous internet communication is plausible. Bitcoin and Tor are not sufficient.

We have the technology to do it. It is just a matter of implementation.

Btw, I know how to make a crypto-currency WITHOUT A LEDGER! Completely decentralized! (from a transactions point-of-view) Even if they shut down the internet, they can't entirely stop this currency from functioning. I am not revealing my secret just yet. Soon.

I disagree with you but I think you're just being semantic on the issue of decentralization. Can you give me an example of a currency that is indeed decentralized if you think bitcoin or any crypto isn't? I also don't get how bitcoin can be controlled by those with political power. Seems pretty free from that at the momemt.

Bitcoin is not decentralized. Don't make me repeat this FACT again:


In addition to the pools being centralized, Bitcoin relies on centralized checkpoints controlled by the core developers.

Also I had already provided the following link to you twice, don't make provide it again:


Go read and do your homework before you post again (please!).

---------------------------- Original Message ----------------------------
Subject: Mar 15: Armstrong doesn't understand the exorbitant privilege of controlling the reserve currency
From:    iamback
Date:    Sat, March 14, 2015 4:41 pm
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------




I am very surprised that Armstrong can not conceptualize what I wrote above. He responded by pretending to himself that I am some simpleton who is only learning from him. He failed to understand I am not talking about the existing debts. I am talking about the new debts that will form after the global monetary reset (restructure or default).

My point is if we look at Greece, it sold its sovereign bonds denominated in the Euro(pean) reserve currency and thus it suffered pernicious (and self-reinforcing downward spiral of) austerity because it was not able to devalue the debt it owed by printing money to devalue its own currency and stimulate its economy by lowering the international cost of its exports and tourism industries.

Even more importantly as we can see with the dollar reserve currency now, countries that sell debt in denominated in their national currencies pay an interest premium compared to when they sell debt denominated in the reserve currency. This is one example of many reasons[1] that those who have control over the reserve currency's central bank, have enslaved the other nations. This is why a USA Treasury official famously said to his Third World cohort, "its our dollar, but it is your problem".

Armstrong is failing to understand that a reserve currency is inherently an enslavement paradigm. And the only possible way to eliminate this paradigm, is to make debt not profitable for investors. I explained how that will become the case with the shift from an Industrial Age to a Knowledge Age. But I think Armstrong is not smart enough to grasp the concept. Or he is too lazy to read the essays I wrote, which I had provided him links to.

Additionally I am shocked that Armstrong is conflating unit-of-account with unit-of-exchange. That is the most basic error. The coming one world reserve currency will not be a circulating currency that is used for retail transactions. If that were the case, then the nations wouldn't even have their own currencies any more. The reserve currency will be used for settlement internationally for exchange between the national currencies which will float against the one world reserve currency. I don't think the nations will agree to give up their control over their national currencies, rather they will just agree to a reserve currency that isn't controlled by the USA exclusively.

[1]	http://www.mckinsey.com/insights/economic_studies/an_exorbitant_privilege http://www.imf.org/external/pubs/ft/fandd/2009/09/cohen.htm http://www.financialsense.com/contributors/john-butler/curse-reserve-currency-triffin-dilemma

http://armstrongeconomics.com/2015/03/14/default-or-restructure/

---------------------------- Original Message ----------------------------
Subject: Mar 16: Armstrong doesn't understand crypto-currency will rise synchronously with the one world reserve currency
From:    iamback
Date:    Sun, March 15, 2015 4:55 pm
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------


Armstrong replied to my previous email in a series of discombobulated blog posts. I am going to attempt to reveal his errors coherently, but this won't be easy to achieve.

First he seems to think that I was suggesting Bitcoin could become a mainstream currency because its supply is said to be limited to 21 million coins:

http://armstrongeconomics.com/2015/03/15/bitcoin-will-be-capped-at-21-million/


http://armstrongeconomics.com/2015/03/15/money-electronic-debasement/


I never suggested that the reason a crypto-currency would become widely adopted is due to cap on the money supply. In fact, I have often argued that an improved replacement for Bitcoin must have perpetual debasement. Arguably the cap on the number of Bitcoins can be subverted in the future, because Bitcoin is controlled by about 1 - 4 mining pools, thus in essence Bitcoin is controlled by the governments which can regulate those large mining pools. The advantage of crypto-currency is not a fixed money supply. And Bitcoin is the least likely of the crypto-currencies to become widely adopted because it isn't even decentralized and doesn't even have anonymity. A better crypto-currency than Bitcoin will rise soon.

Note Armstrong's analogy about 21 million coins for 300 million Americans shows that he ignorant about crypto-currency. BTC are divisible down to 1 Satoshi (0.00000001 BTC) thus there isare enough fragments of BTC to supply every human on earth. Armstrong is correct that fixed money supply is deflationary and will never be accepted by the public-at-large, but he fails to articulate the reason why. The better explanation of why the public-at-large will not accept a deflationary currency is because it is incompatible with a fractional reserve banking system and thus incompatible with debt. And people love debt. Where there is no usury, there is no economy and nothing moves (as was evident in the Dark Age). The Middle East was similarly stuck going no where (still riding camels and living in tents in the desert) with their anti-usury stance, but the free money from oil and Armstrong teaching them how to hide usury in leasing gold, broke them free from that anti-usury abyss.

Armstrong seems to think that as long as the national government doesn't borrow, then my point about a reserve currency being an enslavement paradigm doesn't apply:

http://armstrongeconomics.com/2015/03/15/debt-reserve-currency/


As I said, the public will always demand a fractional reserve banking system. Whether it is sanctioned by a central bank (e.g. the USA after 1913) or ad hoc by private banks (e.g. the USA in the 1800s) doesn't change the fact that the public love debt. Citizenry especially love when the debts are accrued by the collective (e.g. nation, state, province, city, school district, company retirement plan, etc) because they are under the illusion that they get all the benefits without the individual default risk. The citizenry are under the illusion that the default can't be taken directly from the individual. People are too stupid to realize they end up paying it in taxes or economic collapse.


Armstrong is failing to acknowledge the fact that the nations don't get to decide which currency debt will be issued in, rather the investors and public make those decisions in a decentralized manner. The massive loans in Europe denominated in Swiss francs are one example. Now those loans will default because of the abrupt and egregious rise in the value of the Swiss franc when the peg to the Euro failed. Ditto all the dollar loans in the developing world which will default when the dollar rises through the roof after 2015.75.

Even if a country, state, city, or entity issues their debt denominated in a national currency, they pay a premium (a carrying cost) which is approximately the Black-Scholes implied volatility between that unit-of-account and the more stable reserve currency unit-of-account. The deep math point is that whoever controls the reserve currency has their hands on the levers that can cause massive booms and busts in all economies that are not transacted in the reserve currency unit-of-account.


Absolutely false! This proves that I am a much more sophisticated macro-economist than Armstrong.

The reserve currency issue enabled for example China to repress their consumption sector (c.f. China expert Michael Pettis PhD) and radically overinvest in fixed capital investment, which afforded the West another decade of debt expansion on the back of the unsustainably repressed Chinese consumer and empowered Western consumer.


I entirely agree with Armstrong. There is no way the debt market will agree to be denominated in some decentralized crypto-currency with no regulation. Because debt operates by leverage and fractional reserves, and thus the people prefer to be lied to and told that defaults will never happen and so the ultimate default is delayed by grouping everyone together in a collective with a central bank. This is more desirable to the public than individual failures haphazardly and more frequently.

Thus a one world reserve currency is coming, and it will not be a crypto-currency. Rather it will be something controlled politically by the powers that be. Everyone who participates in the mainstream debt and bond markets will be operating in that reserve currency dominated system (even if there is a 2-tier system with some nations retaining their own national currencies that float against the reserve unit-of-account).

But my point is orthogonal to that reality. Debt is basically useless in the coming shift from the Industrial Age to the Knowledge Age. Most of all the productive value produced in the future will be from knowledge work. This is not labor. It is not fungible like labor is. Thus it can't be financed. If Armstrong would read my essays, he would understand that there is radical paradigm shift underway which will make the debt based economy wither.

Thus those in the debt based economy with their stored money capital will be in the one world currency enslavement system.

The knowledge age workers do not need any monetary capital. We can generate earnings that are 100s or 1000s times our housing and other expenses. We don't get a rats ass about storing money. We want to save up and store more knowledge.

In our economy, we will be using a fully anonymous and decentralized crypto-currency (that is perpetually debased so it forces rapid dissemination into more knowledge production). We won't pay any taxes, except for the portion of our income that we choose to declare to justify our lifestyle to the tax authorities. The vast majority of our economy will go untaxable.

And our economy will be growing very fast while the debt based economy will be shrinking or growing very slowly.

We can peg our currency to the one world reserve currency using an options market, at some carrying cost (determined by relative volatility). We will choose to use our crypto-currency because our freedom and innovation requires we not be dictated to by a central authority, whether it be taxes, the tsuris of kafkaesque KYC and AML which interfere for example with micropayments, FCC regulation of the internet, etc..

Thus in the end, our currency wins and decentralization wins; and central banks and debt die. The one world reserve currency will be an ephemeral failing paradigm. It will be where all the unproductive people hangout and leech off the collective and default on the lenders. It will go into pernicious and terminal decline into an abyss or Dark Age. While our economy will rise up and take over.

Thus Armstrong, you are entirely missing the big picture. You will get your silly one world reserve currency, but it won't last long.

http://armstrongeconomics.com/2015/03/15/fiat-and-the-abuse-of-using-this-term/


And that is why the Knowledge Age will destroy the one world reserve currency debt based economy.


There won't be a perfect world. The one world reserve currency will be another collective debt morass over time. While the Knowledge Age will be rising up from very small. Eventually when the Knowledge Age becomes the dominant portion of the global economy, then the public will find some way to tax it and clawback to the collectivized failures that human nature prefers. They will do this by put a chip inside everyone's body that can track thoughts. This is the 666 system written in Revelation. But that is some decade or decades from now. The Achilles heel of the Knowledge Age decentralization ultimately rests on the fact that we can't yet operate our mind without our physical bodies.


Incorrect! Our problem is the human nature that people love debt, because they like to consume before they earn. Wealth is power law distributed. That is a fact. Thus the middle and lower classes envy collective debt as a way to redistribute from the wealthy back to the lazy. They don't understand that this honey is what attracts the flies of government corruption.

Direct democracy will never be a solution, because human nature doesn't change.

The Knowledge Age is a technological paradigm shift which renders the collective powerless to tax (most of the economic activity which won't be tangible thus can't be tracked once we have good anonymity technology implemented).

But even the Knowledge Age will eventually succumb to this pernicious human nature.


Exactly agreed. But realize that the one world reserve currency and reforming governments is not the only solution in play at this juncture. The Knowledge Age is also rising. Armstrong seems to view this as either-or; i.e. mutually exclusive choices. Rather both of these "solutions" will be ongoing simultaneously.


This is precisely why the Knowledge Age will move to our coming anonymous crypto-currency. The governments will not be able to track it, nor can they shut it down, even if they shut down the internet. Sorry we hackers are smarter than them. We win. They lose.

Armstrong doesn't understand crypto-currency. Thus he doesn't understand what is possible. I am an expert programmer in crypto-currency. I know. Armstrong doesn't. Period.

---------------------------- Original Message ----------------------------
Subject: Mar 16: Untaxable crypto-currency will reform the governments
From:    iamback
Date:    Sun, March 15, 2015 5:27 pm
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------

The harder the powers-that-be push to expropriate capital from the
Knowledge Age producers, the more they will drive us into using our coming
anonymous, untrackable crypto-currency and anonymous internet
communication system.

Eventually all the significant production (as we are moving into
technological unemployment on a massive scale as even Oxford U. predicts
47% of all existing jobs to be replaced by automation by 2033) will move
into our untaxable economy because the totalitarianism will not cease
until the cancer has killed the host.

Thus the world will eventually reach the point that they must give up on
income taxes and just print the money they want for taxes. And therein is
how the Knowledge Age will reform government.

The socialism won't go there willingly. It will have to be pummelled into
the abyss before the system will reform.

---------------------------- Original Message ----------------------------
Subject: Mar 16: Fed is not powerless! Indeed the citizens are the problem!
From:    iamback
Date:    Sun, March 15, 2015 5:48 pm
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------


Armstrong is asserting that central banks don't have any power, which is bullshit. The Fed caused the booms in the developing countries with ZIRP which caused the entire world to borrow in dollars making the world now short the dollar which will cause a massive economic collapse after 2015.75. This enslaved the world to the dollar. Who ever controls the central bank of the reserve currency, controls the world. Armstrong can rant all he wants about irrelevant details such as the domestic money supply declining due to a collapse of velocity, when in fact the powers-that-be knew exactly what they were doing with ZIRP and the plan is proceeding exactly as planned in order to bring the world to its knees and accept a one-world currency reserve that will be controlled by those somesame powers-that-be. This is entirely obvious and unarguable. If Armstrong persists in these pathetic obfuscation attempts, I am going to just have to ignore him and laugh at it when everything I've said comes true.

http://armstrongeconomics.com/2015/03/15/who-controls-the-money-supply-fed-or-we-the-people/



I already said that Bitcoin is controlled by 1 - 4 mining pools, so it is not controlled by "We The People".



Exactly. Human nature is the problem. And that will not be solved at your Solutions Conference.

Whereas, we Knowledge Age workers are working a technological solution which will render the collective unable to tax. That is a real solution, because it changes the matrix of possibilities.

---------------------------- Original Message ----------------------------
Subject: Mar 16: Armstrong implicitly agreed that the central banks wield much power
From:    iamback
Date:    Mon, March 16, 2015 4:07 am
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------


Armstrong has implicitly agreed that who ever controls the central bank of an internationally coveted unit-of-account, has the power to cause massive booms and busts amongst the investors who covet that said unit-of-account.

Good to see he has admitted I am correct.

Again he attempts to obfuscate his agreement, by confusing himself with an orthogonal issue. Armstrong has this pattern of conflating orthogonal logic which is indicative of a lower IQ. For example, upthread we caught him claiming that the persistent (throughout all human history) elite banksters are irrelevant in terms of master planning because their names change throughout history. The transfer of power as people die does not refute an orthogonal issue. I thus guess Armstrong's IQ is some where in the 130s only. Whereas as mine is considerably higher (http://unheresy.com/Essence%20of%20Genius.html) (and can't be measured well by traditional IQ tests). (note the link to my blog unheresy.com is currently expired, but I renewed it and you click the link again tomorrow it will be back up as the DNS caches clear)

We don't need to prove whether there is a master plan. We can simply observe that central banking wields much power. And the banksters have always been the beneficiaries of central banking. What the people get in exchange is the ability of fractional reserve banking systems to run for decades without defaults, and instead more egregious collective defaults later. These egregious collective defaults transfer more power and benefits to those who control the central bank.

So we don't need a conspiracy theory in order to open our eyes and not obfuscate the facts.

Moving the world's reserve central bank out of the political control of a single nation and into a power sharing agreement among nations, does not transfer that power to the people. It transfers the power to the oligarchs and banksters in all the nations. This is analogous to how voting Republican or Democrat is voting for two heads of the same monster, a.k.a. the DEEP STATE.

Unlike Armstrong who needs a soap-box to sell his collective vision for pushing a political palatable restructuring and monetary reset, we Knowledge Age producers don't need to say a word. We are every day changing the world as I described. Our leaderless paradigms rises from the grass roots like a virus. And thus our paradigms wins in the end. Armstrong can choose to be informed so he understands when his international capital flows data stops functioning properly in about a decade or so from now, because he won't be able to monitor the anonymous flows of our anonymous crypto-currency.

Armstrong is a baby boomer. They think top-down organization is the way to solve problems and organize society. I am an X-gen. I know that systems self-organize and the top-down is either congruent with the bottom-up, or the top-down fails.

I think this is the end of this debate, unless Armstrong can make a point that isn't conflation of facts with hyperbole.


http://armstrongeconomics.com/2015/03/15/sophistry-confusion-over-the-fed/

---------------------------- Original Message ----------------------------
Subject: Mar 16: Fed achieved which domestic policy objectives?
From:    iamback
Date:    Mon, March 16, 2015 4:30 am
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------

Let me expound on my prior post a bit.

What domestic policy objectives were achieved by the Fed? They bailed out the banksters. They did not help the Mainstreet economy, because velocity of money is down by more than -50%. Why will this one world reserve currency be different? There are banksters in every nation on earth. For now, they just happen to be concentrated in New York (and lingering in London) for the moment, because that is where the seat of financial (and military) power is held because the USA (and formerly England) holds the world's reserve currency [i.e. they are the current financial capitals of the world].

One world currency? Look at what has happened with Euro. The thing is that there will never be a consensus when it comes to block of nations adopting a common currency which differ culturally, politically, different economic strength and stance, historical background, foreign policy and the list goes on and on. I don't think that is possible unless bitcoin becomes a reserve currency to backup each nation's currency.

---------------------------- Original Message ----------------------------
Subject: Mar 16: Euro is not an example that nations won't want a one-world reserve currency
From:    iamback
Date:    Mon, March 16, 2015 7:27 am
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------



The Euro was not a reserve currency. It replaced the national currencies and it was a partial attempt at a European Community political union too with the Troika or at least the European Commission and EC Parliament.

Clearly the Euro + EC failure will be used to support the concept of a one-world reserve currency that is orthogonal to the domestic politics and currencies of nations. Because for example, Euro is toast because the banks were required to buy sovereign bonds of for example Greece, but Greece borrowed in Euros when there was an ingress of capital surge, but now have to pay it back while there is an egress of capital exodus, and Greece has no policy tools because they don't control the Euro central bank.

The nations of the world will agree to a one-world RESERVE currency (not a political union!) because they resent the free ride the USA has gotten by being in control of the world's reserve currency.

But please realize this is all just a ruse for the global banksters to have even more control and do even greater corruption in the future by cleverly hiding their central banking manipulation in "international policy objectives" just as the Fed is hiding their funding of the banksters in "domestic policy objectives".

It is one big charade that even Armstrong is gullible about.

The only way the powers-that-be will allow Bitcoin to become the one-world reserve currency is if they control it. As I said, Bitcoin is controlled by 1 - 4 mining peers (i.e. they have greater than 50% of Bitcoin's network hash rate), thus the powers-that-be will be able to easily control Bitcoin when they are ready to take over control.

Perhaps you don't understand that you could have 20 mining pools all secretly owned by the same entity. In proof-of-work, the variance of earnings is inversely related to the percentage of the network hash rate the mining pool has, thus users will always favor mining pools that have double digit percentage of the Bitcoin network hash rate.

Bitcoin will never be decentralized. I already quoted upthread my other thread that explains how to get true decentralization by having multiple competing currencies each pegged with an options market to the domaindominant unit-of-account. This will be the future of crypto-currency. But this will not be a dominant unit-of-account. The dominant unit-of-account will always be what is regulated, because fractional reserve banking (i.e. debt-based booms and busts) is demanded by the public that loves debt financiing and it is inherently a bankrupt financial system paradigm.

This man speaks the truth. The reality is that bitcoin and what will happen in the future is too big, and too hard for common folk to understand.

---------------------------- Original Message ----------------------------
Subject: Mar 16: Armstrong is a central bank apologist & will fail to restructure before we crash & burn
From:    iamback
Date:    Mon, March 16, 2015 7:37 am
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------



Careful with following everything Armstrong says. He is a central bank apologist and he wishes for a restructuring (https://bitcointalk.org/index.php?topic=985481.msg10774126#msg10774126) hoping the coming abyss will be avoided. But he will fail.

His computer model timings are correct. His interpretation of his computer model timings is sometimes flawed. For example him advising you that a mortgage will protect you from a housing collapse or egregious taxation. He can't be sure of that! He is hoping for a Solutions Conference, but remember the Petri dish model in my "Understand Everything Fundamentally" in my essay linked from the opening post of this thread.

The cancer doesn't slow down until the host is dead (food supply is exhausted).


---------------------------- Original Message ----------------------------
Subject: Mar 16: Armstrong lacks understanding of the importance of bottom up, leaderless paradigms
From:    iamback
Date:    Mon, March 16, 2015 7:49 am
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------



Yes Armstrong's historical knowledge is impressive, but his interpretations are flawed by his top-down organization world view. Armstrong's computer model is (in theory) not subjective nor colored with human emotions and thus giving a purely statistical correlation of historical cycles with present data.

Armstrong is valuable source of information, but one has to understand the subjective bias he brings to the table. Armstrong believes central banking and fractional reserve debt is good for mankind. He doesn't seem to understand that is a scourge of mankind (and it is also synergistic with collectivized corruption, e.g. government).

Armstrong lacks understanding (or appreciation) of the importance of bottom up, leaderless paradigms.

If we only had the top-down paradigms, the human race would have destroyed itself long ago.

Japan's Central Bank became the entire economy in Japan:

https://www.youtube.com/watch?v=p5Ac7ap_MAY

This is the brave new world we are headed into with a single central bank that controls the world.

Knowledge Age innovation is incompatible with that top-down micromanagement. Thus we much break free from Armstrong's "solutions".

Indeed this is where we are headed and they will use cryptocurrencies for it (closed source and controlled), this is why Bitcoin is so important and this is why you are insane if you haven't got a good chunk of your wealth in BTC already.

---------------------------- Original Message ----------------------------
Subject: Mar 17: Warren Buffet is the perfect poster boy for why Knowledge Age doesn't need the one-world central bank
From:    iamback
Date:    Mon, March 16, 2015 3:55 pm
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------


Now we know why Buffet supported the TARP and QE:

http://www.marketoracle.co.uk/Article49800.html


The Knowledge Age has no use for Buffet. He doesn't add any expertise, that can't be automated with a computer as the Asness team has shown. This is an example of the impending demise of the one-world reserve currency and central banking (pooling risk to insurance against inevitable defaults of fractional reserve banking).

I'm not that familiar with economics, but it's usual that something has it's pros and cons. This is a very much possible scenario, which I do not prefer.
Look what happened with ruble, dollar and the swiss franc in a very short period of time. Things haven't really been stable, and some countries are having problems because of credits that were in those currencies.

The real question is if we are ever really going to be our own banks, something that cryptocurrencies have enabled us?

---------------------------- Original Message ----------------------------
Subject: Mar 17: abomination of one-size-fits-all central banking
From:    iamback
Date:    Mon, March 16, 2015 4:21 pm
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------

http://globaleconomicanalysis.blogspot.com/2015/03/virtues-of-germany-vs-vices-of-greece.html

---------------------------- Original Message ----------------------------
Subject: Mar 17: China's central bank emulated Japan's
From:    iamback
Date:    Mon, March 16, 2015 4:42 pm
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------




China tried to emulate Japan's model but did so at the tail end of the Industrial Age and ended up with centrally planned overcapacity. China is now at 0% real GDP growth. The 7% GDP figure from the government is a "production target" (similar to how Japan top-down financed their economy) not a real GDP calculus (c.f. 12:30 in the linked video for explanation).

http://www.marketoracle.co.uk/Article49808.html

I think the title should say one-nation controlled one-world reserve currency. The idea of a reserve currency is not rooted in ease of global commerce. It is rooted in control of political and economic world power.

I've understood the subject.
So that new reserve currency would be pretty much like gold. But no currency is pegged to gold any longer, and you may say that all national currencies are currently floating against gold, or that gold floats against each national currency, but few countries will accept that this new reserve currency shall be the standard against which all the others should be measured. Setting a reserve currency requires a consensus to begin with, but that doesn't exist at this time. Questions to ask is what authority could say this is the new world reserve currency, and why should countries accept it as such.

This topic should not be in "Economics", but in "Politics".

I agree. No world authorities are going to agree to such a thing; it's in nobody's interest to do so. The IMF has been trying to push SDRs for years now with the biggest problem being that countries have to deal with the IMF and become a member. The stipulations are way to grand for it to work.

The next reserve currency (if there is another one) would do best to be backed by something infinite, easily obtainable and liquid. Finite commodities like gold or oil end up one-sided and serve the good of those who hold the most.

---------------------------- Original Message ----------------------------
Subject: Mar 17: Idiotic goldbugs think gold is a reserve currency!
From:    iamback
Date:    Mon, March 16, 2015 9:36 pm
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------



Tsk, tsk. Small minds.

Gold isn't a reserve currency, because A) central banks and moreover investors don't choose to hold most of their reserves in it; B) because the supply of gold can't expand rapidly enough to pay back the annual interest in the usury based economy (and don't forget the public demands fractional reserve banking because they love debt); C) there is no authority that can backstop and insure the fractional reserve banking system that the public clamors for by printing more gold; and D) governments hate gold because they can't print it in order to fund their ever increasing fiscal deficits and citizenry love unlimited government spending.

You goldbugs are so clueless and blinded [and deafened] by the tinfoil hats drooping down over your eyes [and ears].

As for why the nations will accept the new one-world reserve currency, it is because they much prefer a central bank that is a power sharing agreement and orthogonal to any one nation, than the situation now with the USA at helm.

And this is political-economics, with as much emphasis on the economics as the political, as I demonstrated above with the point about money supply must expanded at the compounded average usury rate in the debt-based economy.

Get off my lawn kiddies!

...

OROBTC: Proud member of the Tinfoil Hat Brigade since 2011 (when they chucked bin Laden's body into the Indian Ocean)

Unit: Lunatic Fringe Battalion

Rank: Private Second Class (promotions are slow in my battalion)

Commanding Officer: Col. Cognitive Dissonance


Remark 1: It's loud around here, screams.  Lots of people don't make any sense...  Not very orderly.  Smells funny too.

Remark 2: Should have signed up for the Goldfoil Hat Brigade...

In a situation where there are multiple sovereign defaults, no one has the balance sheet to provide another, bigger, bailout. Except the IMF. Concerning the bolded text above, wouldn't it be possible that no consensus would be needed; everyone is so interconnected (read:screwed) that an SDR might just be the 'fairest' option?

In theory, I think SDRs could be used successfully; however, the problem is with the economic size of the nations involved and pre-existing debts. For instance, The US is part of the IMF's SDR program. The US wants China on board. China wants no part because of the debt it holds of the US'. If all nations (hypothetically) were to transition into SDRs, existing debt obligations would be buried.

Countries in heavy debt want this, countries with no global debt don't.

Conversely, countries with "lots of money" (countries in debt like the US) are expected to buy SDRs in a larger portion to help smaller countries get loans from the IMF or a more favorable exchange rate for their currency. Countries with no money (who want cheap credit) are expected to go to the IMF for loans. De facto they are under the control of the IMF and wealthy nation participants (not really different from today).

The current SDR system in place through the IMF is having the same problems the US is having now regarding being the world's reserve. Nobody wants to give up the power associated with having reserve status. All the solutions are the same (currently). If it's not a nation, it's a bank. If it's not a bank, it's an entity. If not an entity, it's a government.

Nations in heavy debt are screwed (i.e. the US), but the US can self sustain with it's political power and military might in the world. Europe is partially screwed, but has a socialist net that will keep default states afloat because it's in the interest of all intertwined.

The fairest solution of all (IMO) would be to let nations form agreements for their global trades. No need for a reserve to set the standard. There is no standard, only what nations negotiate. I do understand this may bring "unwelcome" bargaining in the dark areas of the markets for arms and such, but this happens anyway. The world isn't fair, it's survival of the fittest.

Yes he did. And apologies I was thinking the UK would bust with Europe as of October 2015, but now I realize the USA and UK are independent because they (or were) reserve currencies[1] and thus they will get ingress of safe haven seeking capital that is fleeing the collapsing EU, China[2], and Japan in 2016.

[1]

Quote from: iamback on March 16, 2015, 08:28:46 AM ...There are banksters in every nation on earth. For now, they just happen to be concentrated in New York (and lingering in London) for the moment, because that is where the seat of financial (and military) power is held because the USA (and formerly England) holds the world's reserve currency [i.e. they are the current financial capitals of the world].

[2] https://bitcointalk.org/index.php?topic=985481.msg10794406#msg10794406

Goldbugs don't understand that the majority will never be on their side, because the majority loves debt (thus needs fractional reserve banking systems) and love government deficit spending.

The coming one-world reserve currency would be backed by gold only (if at all) in the sense that the basket weighting of national currencies which backs it each have their own gold reserves (which may not even be publicly verified, just an unverified accounting statement from the nation).

Gold is an archaic relic. It can be counterfeited with gold plated tungsten (and silver with lead), you can't spend nor move it without being spied on and even busted in a sting operation (https://bitcointalk.org/index.php?topic=355212.msg10708644#msg10708644). You can't spend it autonomously at a distance without incorporating a single-point-of-failure by trusting a third party to store your gold and arbitrate the transaction, e.g. goldmoney.com. Anonymous crypto-currency in the new gold (and the new untraceable, autonomous cash) for mankind that fits the digital age.

Gold has two remaining monetary utilities, A) to store value for long periods of time without fear of it perishing; and B) in event of societal collapse, it might be the form of money people recognize and accept in dire circumstances but that is only true if we don't collapse into such chaos that only food is money and nobody wants gold (which happened in Japan for 600 years for example). Gold is not something you want to risk transacting often. So go store some recognizable gold and silver coins (that are so thin not easy to counterfeit) in the ground for a rainy day.

http://armstrongeconomics.com/2015/03/17/what-can-we-do-3/

He talks about "grassroots technological anonymous crypto-currency", I wonder if by this he means Bitcoin or a totally anonymous currency without a public ledger like Monero.

---------------------------- Original Message ----------------------------
Subject: Mar 17: we LOVE Armstrong more than he realizes
From:    iamback
Date:    Tue, March 17, 2015 1:08 pm
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------



Illogical. In order to fund that safety net, it must expropriate from the productive sector, which is why Europe has no productive sector remaining, thus Europe will not be able to produce what it needs internally (will worsen in a negative feedback loop spiral flush into the toilet bowl) and thus it will rely on the Euro FX value to purchase for import its needs, but the Euro is collapsing in value as Euros are printed to bailout the safety net (indirectly via the banks who hold the sovereign bonds).


Correct the USA can expropriate from its productive sector and the productive sectors of the entire world with FATCA, the military, and mostly importantly because the dollar is the reserve currency of the world's financial system.

The USA is the wounded Godzilla that can possibly drag the entire global economy down into a Dark Age, if we don't find solutions.

The solution I advocate is a bottom-up, grassroots technological anonymous crypto-currency and fledgling Knowledge Age. I also concur with Martin Armstrong's vision of a global restructuring (when and if it becomes viable), because this is a way to avoid sinking too far into a Dark Age while waiting for the Knowledge Age to grow and take over with anonymous crypto-currency which the USA can not expropriate.

Armstrong seems to misconstrue my debate with him as one of total disrespect or disagreement. Rather I very much appreciate Armstrong's models, his sharing, his insights. My disagreement with Armstrong only rests on him preaching EXCLUSIVELY on top-down solutions and not also recognizing the potential rise of Creative Destruction. In the past few blog posts, he has alluded to Creative Destruction, but he still denies that anonymous crypto-currency and anonymous internet systems could potentially rise. He paints his world view that only he has the Solutions and doesn't recognize that DECENTRALIZED (not top-down controlled!) hackers are also very important for the world's future. Armstrong should recognize that he is also hacker, as defined correctly by Eric S. Raymond.

http://www.catb.org/jargon/html/H/hacker.html



Eric Raymond explains well why I am annoyed with Armstrong transitioning from his engineers vocation to a fucking political soapbox spouting off about the only Solutions are top-down destruction into a one-world reserve morass.

http://esr.ibiblio.org/?p=3514


Note Armstrong may not realize that one of the reasons his site exploded in popularity since 2013, is because I (who have read him since he started writing from prison) have been quoting him with links to his site from this Bitcointalk.org forum. If he shuts off his sharing, this will only hurt his site's popularity. He can verify that some of my threads on Bitcointalk.org have 60,000+ reads and he can verify via Alexa.com that Bitcointalk.org has 20 times more page views than ArmstrongEconomics.com does. I do agree with him charging for some of the details of his model's predictions, because it makes the information more valuable. But if he thinks crawling into a shell because he feels defensive about debate and discussion, then he has really lost objectivity. Hey Armstrong, grow some skin on your back. Just because you've finally met your intellectual cohort, embrace it, don't wither away into a hole in the ground!

http://armstrongeconomics.com/2015/03/17/what-can-we-do-3/


The irony is Armstrong is describing himself below. He thinks he is describing me, but I am not on the soapbox saying that I have the only Solution and that it requires all of us to bound together in the same agreement. Rather I am saying that we hackers can experiment with many variants decentralized (bottom-up) and if humanity adopts any of our solutions over time, then that is a free market result entirely consistent with thermodynamics, entropy, physics and Armstrong's cyclical models.



Armstrong even admits is he is fighting against thermodynamics, entropy, physics and his own cyclical models:



Armstrong has put himself in a [Hegelian Dialectic] dilemma because he feels he needs to convince society-at-large of the necessity of a top-down restructuring Solution in order to avoid a Dark Age, and he is trying to say that we who want bottom-up Creative Destruction are the reason the majority is always wrong. This egregious discombobulated illogic saddens me, because I otherwise respect Armstrong very much. It is so sad to see he has created these false demons in his mind.

Apparently Armstrong lost some of his sanity when he was tortured in prison. I can understand that. I pray he can come to his senses. I would help him any way I can. I love the man.

He wants so badly to fight those who tortured him that he thinks anyone who is questions his top-down solutions is perpetuating the torture of mankind. This is visceral for Armstrong. He can still feel the torture he went through in prison. This is sort of the dual of the Stockholm Syndrome.



Again I reiterate to Armstrong that the repeating outcomes of the collusion of banksters, central banks, and governance are facts he can't deny (and in fact he has proven with his excruciatingly detailed study of history). Whether it happens only by an invisible hand, by plans with alliances, or some combination of those, doesn't matter. My point remains valid that bottom-up technological solutions that create new frontiers in the Knowledge Age are also desirable.

Not only desirable, but I posit maybe the only solution. Because Armstrong must admit that it is very likely the cancer of our current system doesn't die until it has killed the host, thus the wounded Godzilla is going to be forcing us hackers to develop the anonymous technological solutions.

Touché.

:wink:


---------------------------- Original Message ----------------------------
Subject: Mar 18: Armstrong in denial of his stated world view
From:    iamback
Date:    Tue, March 17, 2015 1:25 pm
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------


Armstrong could benefit from adhering to his own advice and stop trying to force his world view of the future as top-down, Hegelian Dialectic dilemma. He ought to admit that just maybe our anonymous crypto-currency Creative Destruction might end up being the solution and not his post-prison-torture Stockholm Syndrome psychosis.

http://armstrongeconomics.com/2015/03/17/how-i-see-the-world/

---------------------------- Original Message ----------------------------
Subject: Mar 18: russian and usa elite (DEEP STATE) cooperate (power sharing global hegemony)
From:    iamback
Date:    Tue, March 17, 2015 1:54 pm
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------


Will Armstrong deny the research of Anthony Sutton and now the revelation he posted to his own blog?

Does Armstrong have an open-mind to information that disagrees with his world-view that the elite don't cooperate globally?

http://armstrongeconomics.com/2015/03/17/new-evidence-surfacing-us-assassinated-general-patton/


http://www.telegraph.co.uk/news/worldnews/northamerica/usa/3869117/General-George-S.-Patton-was-assassinated-to-silence-his-criticism-of-allied-war-leaders-claims-new-book.html

---------------------------- Original Message ----------------------------
Subject: Mar 18: the USA built communism (FACT!)
From:    iamback
Date:    Tue, March 17, 2015 2:48 pm
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------



Antony C Sutton: Wall Street and the rise of Hitler & communism
https://www.youtube.com/watch?v=Sah_Xni-gtg

http://www.antonysutton.com/suttoninterview.html

---------------------------- Original Message ----------------------------
Subject: Mar 18: FATCA is forcing the world towards unified taxation
From:    iamback
Date:    Tue, March 17, 2015 3:03 pm
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------


http://www.nestmann.com/why-fatca-is-a-train-wreck-waiting-to-happen


http://www.nestmann.com/is-this-the-first-nail-in-the-coffin-of-citizenship-based-taxation

Monero has a public ledger which attempts to provide anonymity via autonomous mixing with Cryptonote's one-time ring signatures. Monero does not have anonymity of the IP address sending the transaction to the public ledger, thus it doesn't have total anonymity. Fluffypony was proposing to add I2P (a.k.a. Darknet) integration, but I don't think any free onion routing "darknet" network can be resistant to Sybil attacks on anonymity. We've seen the Tor "darknet" fail spectacularly with its hidden services.

Anonymity is difficult with Bitcoin (but not impossible if you are expert). Bitcoin is an important bridge between the legal tender national currencies and the altcoins.

There are many technologies in play here, and there are more coming. Stay tuned.

---------------------------- Original Message ----------------------------
Subject: Mar 18: Armstrong admits finance has always required risk-less rents on society
From:    iamback
Date:    Wed, March 18, 2015 7:48 am
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------


Armstrong has now documented that the elite banksters have an incentive to take control of finance away from governments and into their own hands, e.g. a one-world reserve central bank.

My seminal essays explained (https://bitcointalk.org/index.php?topic=355212.msg10808272#msg10808272) that Finance (usury and debt) are the paradigm of ignorant, passive capital (a.k.a. stored monetary capital) extracting risk-less rents from the productive sector by subjugating the collective to fungible stored monetary wealth (which is always power-law distributed, thus giving rise to socialism). It is not a question of desire, the paradigm demands it be risk-less because debt is only mathematically possible with fractional reserve banking, which is an inherently bankrupt paradigm. This was possible when non-fungible knowledge production was not the dominant component of production; which was the case in the stone, bronze, iron, agricultural, and industrial age epochs. But the Knowledge Age inverts this fundamental economic relationship (https://bitcointalk.org/index.php?topic=355212.msg10810469#msg10810469).

The true solution is not a one-world central bank controlled by the banksters under the ruse of international partnership. Rather it is the grassroots rise of the computer revolution enabling the individual mind as economically dominant! I pray that Armstrong will have an epiphany.


http://armstrongeconomics.com/2015/03/18/austria-to-default-of-debt-of-10-2-billion-euros/

As far as I know Tor never got compromised given the guy hosting the hidden service didn't do anything stupid, which has been the case every single time. It's like saying Bitcoin is not secure because all those exchange hacks. If you keep your Bitcoin with you in a safe computer they are safe, if u run Tor with no javascript etc in a safe OS and dont reveal private information you are safe imo.

---------------------------- Original Message ----------------------------
Subject: Mar 18: Tor does not provide reliable anonymity!
From:    iamback
Date:    Wed, March 18, 2015 11:12 am
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------



Tor is not reliably anonymous! If you are trusting Tor to protect your anonymity, the NSA has probably already de-anonymized you and is saving all the incriminating information for G20 tax hunts coming over the years.

Sadly even Tor's developers admit Tor has egregious problems and they are not sure exactly what happened in every case:

https://blog.torproject.org/blog/hidden-services-need-some-love
https://blog.torproject.org/blog/thoughts-and-concerns-about-operation-onymous



Essentially all anonymous networks suffer three fundamental design problems which make them very easy for the NSA to de-anonymize:

1) Sybil attacks (the Guard Discovery attack is aided by this). All the anonymous networks don't pay the relay nodes, so economically the NSA can be a vast majority of those nodes. In other words, I don't think a free network can be anonymous!

2) Denial of service attacks. Again I think the only robust solution to this is to make sending network packets not free.

3) Low latency relaying. Thus de-anonymization is possible with timing attacks. Thus we must design a high-latency anonymity network.

4) Tor adds exit nodes interfacing to HTTPS which make correlation attacks so much more trivial due to all the side-effects on web sites! (even if you are not using an exit node, this reduces the anonymity set overall)

UN Framework for sovereign debt defaults

https://www.bullionstar.com/blogs/koos-jansen/un-preparing-for-global-sovereign-debt-restructuring/

I really don't think a one world currency will happen anytime soon.  Who would regulate it?  How would it be backed up?

Thanks for all the great thought!

I'd like to "stay tuned" and if you're speaking of your own solution, where should I watch for it? Here?

I'm looking for your ONE go-to place that I can follow. Too many threads on these forums!! :)

I can't respond to that because everything that I might be involved in is vaporware at the moment. And I don't even know how I would present it to this forum if at all, considering that I had long promised that I would never publicly endorse an altcoin.

Put it this way, if ever I work on something that is the solution, you will surely know about it. Otherwise it wasn't the solution!

If you mean you want to be first to speculate on it, or invest in something I would work on, I think there are people who follow me more closely and perhaps they will note your username here and private message you if they see something developing they think is important.

At this time, I am working on another (non-crypto-currency) software project and it won't be completed for at least another 3 weeks.

Also if I work on something, it will probably be (eventually) open sourced and it would not necessarily have my name on it (I haven't decided).

Also as I mentioned in the the multiple currencies thread I started the Altcoin discussion forum, I believe in making a system that is open to competition from new ideas.

Those who have followed me know that I was suffering from a debilitating chronic illness and this impacted my ability to work which is pretty much why I produced nothing but forum posts (and unpublished code) in period from 2012 - 2014. My productivity hinges on my health. I recently started a RAW vegetable diet with no carbohydrates, drinking olive oil, and most of my protein from WHEY ISOLATE (to reduce L-arginine which otherwise promotes growth of viruses similar to one I have). I have seen some signs that I have been able to work up to 18 hours a day as I used to before getting ill. My insomnia may have abated. And my athletics has increased and my headaches have decreased. If this sustains as a cure, then I might be on to a new wave of high productivity. Past high hopes have usually been disappointing. It is too soon to know as I am only on this diet for a few days thus far; before that I was on a Guyabano diet and over the past year or so experimenting with numerous homeopathic treatments such as CoQ10, AHCC, EGCG, Co-enzymated B complex, etc..

...

iamback 

Perhaps O/T

Please DO let is know what you have been up to when you are done with your project.  Perhaps with a new thread (assuming what you are doing is important).  If I read you correctly, you might make your project open anyway once finished.

If what you are doing is important, the correct thing to do is to share your knowledge.  Whether vaporware or not, even making errors enhances learning.

Something can be shared without attaching my name to it. I as a reputational entity, am not important. The outcome of the work is. It shouldn't need my reputation to succeed. It should succeed on its own merits.

Condensing this thread:

I do not know who you are and I say this with all due respect. You need to take a break and chillax for a bit. You are going to stroke out. Go get a good meal with your woman or go on a sailboat ride or go fishing. Enjoy your life.

Peace out dude!

A One-world reserve currency is inevitable.
The question is which country will issue it and will it be distributed in a fair and transparent manner or are we going to see more poli-tricks and manipulation at play?
If so, it will surely enslave all nations at the mercy of the elitists yet again.

http://blog.mpettis.com/2015/04/will-the-aiib-one-day-matter/#comment-123421

I don't imagine it as inevitable as people may think. After all for global currency there need to be first mutual agreement of all nations. And that is not gonna happen, people are just to diverse and have different opinion on this. They would rather fight to promote their own currency as global and 'the one' instead of just accepting someone's else project.

As I wrote in prior post, China is trying with the AIIB. And the USA is fighting.

After coming global war and economic Madmax debt implosion, then the nations will beg for the compromise and cooperation.

The powers-that-be have planned this out well. They need massive suffering to get the world to agree. And they are poised to deliver this massive suffering. ETA 2018.

2016 will get the ball rolling with Europe and Japan going over the cliff. USA will follow end of 2017.

This scenario is not so unreal. In fact something like that could easily happen in the future, and then the only thing that will redeem mankind is cooperation. But I am afraid that global situation need to be critically bad and real dire for countries to cooperate in the economic field. Money are one of the main area of contention between everyone from the dawn of time.

I guarantee you it will be that bad before 2024, probably circa 2019.

It is going to be very very horrific the coming collapse. See the Economic Devastation thread in this Economics forum. Also the Madmax thread in the Politics & Society forum.

We will soon know. I expect by 2017 or latest 2018, you all will be scared shit and starting to wake up to the reality.

Never going to happen. At least not for the next 200 years. My deep research has led to that conclusion.

...

I do not know what is going to happen.  But it will probably be bad.  Maybe very bad.  Preparation of whatever sort possible that makes you comfortable is a must.

Armstrong, IMO, is at least trying to look at the many, many variables that all relate to one another, rather than just looking at, for example, price of oil (inc. futures prices) and gold.  If he has his big computers grinding away on how these variables all interact with one another, that is more than almost anybody else on the planet is doing.

Does that give him more prediction power than individuals, even highly skilled ones?  I don't know.  

But I would be inclined to listen to Armstrong and his debating partner here.

*   *   *

Re one world currency to enslave us all, well yes it could happen.  But I do not think that is a stable outcome, just look at the Euro...

An “[𝚘]ne-world reserve currency” (iamback), the G.E. coin (https://bitcointalk.org/index.php?topic=776426.0), already exists. It does not appear to be an instrument of enslavement.

Incorrect. Comprehend the opening post of the thread before you write.

The dollar does enslave the rest of the world. Are you not aware for example that QE1-3 enslaved the world in a massive short-dollar carry trade (https://bitcointalk.org/index.php?topic=355212.msg11044630#msg11044630)?

The dollar is a global reserve currency, but it does not have all the salient characteristics of the "one-world reserve currency" that I enumerated in the opening post.

Specifically the dollar lacks:

1. All countries believing they are playing a cooperative role in managing that reserve currency through representation on some international board, e.g. WorldBank. And thus not resisting the oppression of the USA (instead they will applaud with smiles their collectivized enslavement).

2. All countries' national currencies freely floating against the reserve currency. Because again they resist the oppression of the USA, e.g. the Yuan doesn't freely float.

Armstrong interview

http://www.goldcore.com/us/gold-blog/martin-armstrong-gold-bullion-to-max-out-at-5000-per-ounce/?utm_content=14242102&utm_medium=social&utm_source=twitter

gold, sept/oct cycle, govt bubble, EU, US, interest rates

on govt:

"when they're broke they come after us"

Some relevant discussion I am excerpting from the Economic Devastation thread:

I am undecided at this point because countries like England don't want to get rid of their sovereignty and currency and people around the world are waking up. That there are some powers to be keeping 90% of the population in slavery, well you just got to look around at the level of poverty rising... and the rest of the upcoming middle class is too busy thinking about what designer sh*t they gonna buy next to keep up with their neighbors.  :'(

euro then, should be partially responsable of enslaving many countries in the eurozone, but i think it made them stronger at least until the crisis showed up

i would not talk about enslaving, but more about convention, it will be more convenient if everybody start accept a single currency, the discrepancy between states would vanish in this way

all nations have to be already enslaved for something like this to happen, and I think it's already the case

Nobody has a choice if something like bitcoin started becoming popular, its like a retail business now not participating with online sales in the hope they can still compete. Everyone would get sucked in or suffer.

Flag worship is the biggest religious cult in history. It even catches the atheists in its snare.

One world currency would be the reasonable thing to do, and it would not enslave anyone if the system was fair (ie Bitcoin). The problem is nations, their leaders and their people's ego will not let their stupid national money go in replacement for the superior alternative.

Thats what the guy on xapo said on the ted talk, BTC may challenge gold as a store of wealth, that is way more realistic than challenging fiat national currencies. I tend to agree with this view.

That is soo true.

If BTC replaces gold as a store of wealth, it would automatically be a strong candidate for world reserve currency. If gold could be sent over the internet and used to settle trades, do you think countries would bother with using USD?

The more salient term you wanted to use is de facto.

You've got a scaling problem. $10 billion market cap versus $200 trillion in global wealth.

The price of bitcoin is the variable in that equation. Problem solved.  ;)

Simpleton nonsense. Peter R showed the market cap is following Metcalf's law so the only way you can get to that valuation is for it to be widely adopted.

Another way of knowing your idea is nonsense, is if 1% held BTC, then the other 99% would need to be impoverished or the global wealth would have to double.

The problem remains scaling.

Money supply regulation is not a problem that needs a solution. Any reasonable choice for the debasement rate works equivalently well, because the overriding impact on supply and price is the velocity of money and the demand for the coin.

Distribution of minting is a scaling issue, because it is not easy for individuals to trade fiat for crypto-currencies. Paypal I think is planning to make it easier for mainstream to acquire BTC, but the overriding problem remains that most people don't have a reason to obtain it.

Transactional demand for usage of the coin is primarily what addresses scaling. Because this also has the Butterfly effect that the more demand, the more people spending, the more people who earn it to spend it, etc..

GEC could be “mint[ed]” (TPTB_need_war) to someone on another’s behalf (by that same someone or another one) in an out-of-block coinbase (here, input-less) transaction.

Minting a coin with an anonymous IP (even in Bitcoin) doesn't have any inputs thus there is no loss of anonymity on the blockchain (or at least not until it is spent and downchain linkability and traceability is factored).

How does anonymity help scaling of distribution?

Perhaps I don't understand what you are describing?

Imagine Jane pays John for walking her dogs in fiat currency. Stewart could pay John, a GEC holder, new GEC to translate the fiat exchange into a GEC one. When John spends the fiat currency he acquired from Jane, he could then spend the GEC he acquired from Stewart in an unspendable transaction - removing it from his economy.

If you are talking about Bitcoin being the reserve currency of the world, then you are obviously talking about large scale adoption, Then the market cap (or rather money supply equivalent) of Bitcoin is going to increase.

How does talking about large scale adoption fix the underlying scaling problem?

(Logic is something that most humans seem to totally lack)

You write in a way that is cryptic and virtually no one will understand. I happen to understand what you mean because I invented this concept last year way before GEC did. Refer to AnonyMint's post about physical Bitcoins.

So what I assume you are proposing is that some coins become unspendable on the blockchain, thus they can instead be traded as cash physically. Stewart takes fiat in exchange for coins that John can prove he owns by signing but which can't be spent on the blockchain after he signs them to Jane.

The problem is that Jane can no longer spend the coins. So what can she do with them? She could mint a physical representation and trade that, but there is no authority to warrant against counterfeiting and debasing the physical money supply.

Sorry that doesn't work. I abandoned the concept.

In the hypothetical, Jane does not handle GEC: Stewart does so in her stead (and without her knowledge) through an input-less transaction (to account, in GEC, for her fiat transaction with John, a GEC holder).

I have no idea what you describing then. Try again to explain what is going on and this time please use the English language clearly.

Why does Jane give fiat to John if she gets nothing in return? How does Stewart get fiat? Does John give it to him?

1. Jane recieves John's services.

2-3. John recieves new coins from Stewart (because Jane utilizes dollars, not coins).

I have no fucking idea what you are describing (and probably you don't know clearly what you are describing either). When you are ready to explain something in a clear manner then I will read.

They will try to use a blockchain to keep the fiat scam perpetually going amongst the next generations, our only hope is that the next generations dont fall for the official, closed source fiatcoin of the government and use the people's coin (bitcoin).

USD= JANE "debit to" JOHN                     "debit to" XXXX
GEC=                 STEWART "credit to" JOHN "debit to" NULLDATA

Since you can't even explain clearly, then you have no hope whatsoever with your coin. If I can't understand, you can be sure the majority of folks won't understand.

I have no idea what you are describing. All I can surmise is Jane pays fiat to John for walking her dogs. John gives the fiat to Stewart in exchange for GEC. If that is not the case, you will need to explain your gibberish in the English language. I have no idea what you meant by:


You are wasting my time. In every professional situation I have worked in my life, if someone couldn't explain something clearly the first time (or at least not exhibit an apathy towards trying to be clear), they were thereafter ignored (and fired!).

Within the context of the hypothetical, no one gives Stewart anything: Stewart addresses, to John, a transaction that has output but does not have input (i.e., he "mints"/credits GEC to one of the GEC addresses John controls). Additionally, John pays the fiat to an undisclosed party at another, unrelated time; when he does so, he uses the GEC he received from Stewart to fund an unspendable transaction (i.e., he "burns" it).

Why does it require so many exchanges with you to get you to explain it completely?

You still have not made it clear how this works. Why would Stewart do that if he gets nothing? Why is Stewart involved?

Why would John burn GEC in order to give someone his fiat?

None of it makes any sense.

Because you assume readers can read your mind. You have massive holes in your explanation which is information that you have already in your mind but you haven't explained to us.


This my last attempt. If you fail again to make a long and detailed explanation, then your laziness will be rewarded with an ignore from me.

You still have not explained what Stewart's individual economic motivation is. And why is he involved. Nor have you explained why John has an individual economic motivation to burn GEC when he spends fiat. Nor have you adequately explained why they benefitted from involving GEC in the first place. Seems to me that GEC was never involved. Jane paid John in fiat. John spends the fiat. GEC has no involvement except for some fantasy conjured in your mind.

Both Stewart and John are interested in using GEC (Stewart more so than John); however, not many other people are. Accordingly, Stewart carries USD transactions over into the GEC economy so they (i.e., Stewart and John) can exchange GEC with each other and other GEC holders instead of exchanging USD with each other. However, in doing this, USD and GEC must be removed from their respective economies to maintain the one-to-one correspondence of the GEC they are exchanging inside the GEC economy with the USD they receive and pay outside of the GEC economy (inside the USD economy).

You've violated the fundamental tenet of crypto-currency which is decentralized trust, i.e. the abolition of requiring individual trust.

There is no way the parties can be sure that someone has retired fiat in order to use its value on GEC, then burning GEC again when it is desired to unretire the fiat.

I thought about all these mechanisms before and I came to the conclusion there is no way to have  decentralized physical backing for a crypto-coin.

Sorry.

Inside the GEC economy, anyone may spend entire exacoins to themselves at anytime; however, to do so would be to make everyone quintillion-aires, for others would soon follow suit. (In other words, it is the reality of others' "following suit" that, ultimately, regulates the inflation of the GEC economy.)

Sorry, individuals don't prioritize the effects of group action over their near-term individual gain.

Groupthink (http://oregonstate.edu/instruct/theory/grpthink.html) says otherwise (http://courses.washington.edu/psii101/Powerpoints/Symptoms%20of%20Groupthink.htm).

If you have the ontological or taxonomy error of mislabeling the concept of groupthink to individual cognition of correct group behavior, then I think that proves it is time to start ignoring you.

Done.

GEC minters constitute an “in-group.” GEC non-minters constitute an “out-group.” Therefore, GEC minters could succumb to groupthink.

While the smart investor secretly converts cash and bitcoin into Monero and no one notices.

However, “the smart[er] investor” (coinits) mints GEC to itself for purpose of (a more genuinely decentralized) integration of other economies into that of GEC (through the acquisition and subsequent destruction of alternative monetary units).

Centralized shitcoin does not count. 1.5 billion  coins and scrypt. Exchange non existent. Not listed on coinmarketcap.com. Much success for a coin that has been around since September 2014. No privacy and offers sweet fuck all in innovation. Go peddle your bullshit somewhere else. Homero Garza will think that you have the next PayCoin.

FAIL!

1. It has an “[e]xchange” (coinits): “sendfreetransactions=1” and “sendtoaddress [one’s address] [an amount exceeding one’s balance]”.

2. In which case, stop complaining about the problems it solves.

LOL - Comedy gold to start my day. I won't put you on ignore. I will keep you around for entertainment value. I'll be the dog and you will be my chew toy.

“bite the hand that feeds” (http://idioms.thefreedictionary.com/bite+the+hand+that+feeds)

https://www.youtube.com/watch?v=3gfntBEI3Aw

No trades involved. (Why do you keep referencing trading‽)

All nations are slaves already, thanks to the fiat system.

As I have outlined in this thread and else where on these forums...

http://armstrongeconomics.com/archives/31006


I hope everyone has seen the revelations about Larry Summers and 21 Inc (https://bitcointalk.org/index.php?topic=68655.msg11445373#msg11445373).

It is the analogous  non-choice that we will be offered with the one-world reserve currency:

1. US dollar reserve currency hegemony over the world
2. One-world reserve currency with every nation sending a representative

These two choices are framed as being different, but in reality they are the same outcome. In both cases, the global bankster cartel is in control.

Ditto Bitcoin.

Any way, I support moving forward using Bitcoin to destroy existing banking systems and government issued currencies, and moving the world to a global digital currency (albeit I assert ultimately controlled by the banksters). Because the alternative is no better (as you point out) and at least by moving forward we bring more capital into crypto-currency (including altcoin experiments).

I agree with you there will not be another train in terms of scaling a crypto-currency to the masses before 2033. Bitcoin has this locked up already.

I do believe it may be possible to identify a market that is large but not the (lower 50% of the power-law distributed wealth curve) masses which Bitcoin can not reach and which an altcoin can. I am 80% sure about this. I don't care if the other attempts have fallen short. That doesn't rule out someone with appropriate insight creating one that hits the sweet spot. And the goal is not to topple Bitcoin (let the lower 50% have their pacifier to suck on). My thesis has been the upper 0.1% are going down with the lower 50% into the NWO. The Knowledge Age will rise up and take over by 2033. Let them have their Bitcoin in the interim. Smaller things grow faster. There is exponential growth available to the right altcoin.

What logic is that? You are asserting that because the banksters got bailed out, then the People got harmed thus you assert it must be the case that they People will have an awakening.

But if you study history, analogous forms of corruption have been repeating over and over again throughout all human history and the People never wake up. As I explained to you by example, even where they thought they were fighting oppression by joining Napoleon (by refusing to fight when he came to conquer their lands) analogous to Bitcoin supporters who imagine they are fighting oppression with Bitcoin when in fact in both cases (and all cases in human history) you are just supporting another head of the monster the elite have manufactured (or co-opt).

What was the result of your IQ test? Seriously. You don't even consider that your logic does not follow. There is no logical reason that the People must wake up when they've been fucked in the ass by the system. For them do so, requires not only that they understand how they have been harmed but also what is the correct action to rectify their plight. They get particularly misdirected on the latter.

Instead of ASS-U-ming your logic requires your conclusion, you must use the scientific method to test your theory and by studying history we can see the People never do wake up. Then we can start to reason about why they never do. And I have explained it to you upthread. Humans are easily deluded because their self-interests conflict with the global optimization. Although on a local level, I could dance in front of a group of humans and inspire them to choose freedom over conformance, in terms of scaling the mass belief systems, the powers-that-be (TPTB) have a natural advantage because the individual self-interests of the masses are not aligned with looking at the reality of the actual situation BEHIND THE CURTAIN. Instead they are easily swayed to follow delusions (the ass of the sheep in front of them) such as "gouge the 1% with punitive taxes" (Did you not watch the Youtube debates between Peter Schiff and the Operation Wallstreet youth?). And "thanks to Obama, I don't have to pay my rent any more" (have you not seen the Youtude?).

Come on man get a grip on reality. Go out into the street and talk to random people and you will learn that your armchair theories are complete bullshit.

In 1992, I went house-to-house and talked to people all ages (from young couples to grandmothers) as a volunteer for the Ross Perot 1992 POTUS campaign. I saw that people would listen to me, but they wouldn't be able to carry it forward in terms of complete understanding and action. I learned that people have other incentives that are driving their lives and they don't have the focus to become experts on politics, what is actually going on behind the curtain, and what to best do about it.

The people have become more aware that there is massive corruption. But their solutions are to hand more power to the TPTB with regulatory actions such as massive support for the unconstitutional power grab of the FCC regulation of Net Neutrality. Their angst is directed towards supporting the powers-that-be who have regulatory capture. They will end up supporting regulation of Bitcoin which unwittingly hands it to TPTB.

The people don't have the focus and diligence to monitor and maintain a decentralized Bitcoin when the natural incentives are towards centralization. If you want a crypto-coin to remain decentralized, then it must do so natural not because of diligence of the masses who are preoccupied on their own personal lives and (often mutually conflicting, e.g. abortion, gay rights, etc) self-interests.

I do not respect your ignorance. And I do not appreciate you asserting that you any where near my level of cognition of these matters. The Dunning-Kruger effect is too blatantly obvious here and I don't know what to do other than wasting my time trying to spank (your young cocky ass) with you words hoping you might gain some appreciation. But I observe you are too boastful to realize.

As Armstrong says, study history because it is catalog of repeating outcomes that we should learn from but never do.


The poor fuckers who got a house and shouldn't have. As if they had no desire to get a house.  ::)

What happened is the perfectly natural outcome of the power vacuum I have explained to you over the past 2 - 3 pages of this thread. But you can't seem to grasp that and want to delude yourself into believing that the problem lies on the side of the banksters. The problem is a natural phenomenon that always repeats because a power vacuum is an unstable state of matter and sucks in the corruption. Until you eliminate the power vacuum, you are just deluding yourself. You won't be able to change the fact that individuals prioritize their self-interest and not the global optimization. Bitcoin can't get you there because it is not immutably decentralized and anonymous without diligence from the People, the lack of which causes the power vacuum in the first place. In short, you are a dog chasing your tail and you don't even realize it.


I never stated the People are in control. I said the People are implicitly complicit because their self-interests do not align with your delusion of them being focused on optimizing global causes. The control over money is a global cause that requires an extreme amount expertise and dedication of life that only very few of us experts can justify, and thus it is not a self-interested priority (focus) for the masses, a.k.a. the People.


They are not giving up anything by destroying the national central banks and moving to a one-world reserve currency system. They are doing creative destruction and using a massive crisis to usher in a greater level of totalitarian, corporate-fascist control.

I have provided the link to the following thread numerous times, but you apparently still haven't read it:

https://bitcointalk.org/index.php?topic=985481.0

It is all explained there for you. And 29% of readers get it and agree.

They are not rolling any dice. They have a masterful plan which by now appears to be quite inescapable. Planting Bitcoin was a masterful coup getting you deluded fools to chase your own tail and fight for their cause.

Driving us into a Greater Depression (more so with FATCA and other large scale aspects, than Bitcoin as the Digital Kill Switch which is more of future concern) will bring about the political support amongst the masses for a global compromise on central banking to take the power away from the USA dollar and move it to an international cooperation (consensus) in a multi-polar world, a.k.a. the one-world reserve currency. There is no way the People would agree if they were not suffering. The People have many competing self-interests. It is only by bringing the People to their knees in massive war and suffering can they be made to plead for a global consensus. They will see that the nation-state model has utterly failed them (of course fabricated to fail and with manufactured conflicts, all from TPTB).


Edit: that you frame the issue in your mind as one of who is in control demonstrates simpleton conceptualization of the issue. You need to look at the incentives in the system and the structure of the system. Even TPTB are not in control. Btw, I am just saying "young cocky ass" in jest. Your fervor is what I expect from an ideological younger person, but the problem is when your fervor exceeds your conceptualization. If you are willing to actually dig in and consider the model I have presented, then we can have an intelligent and cordial dialogue.

I clicked agree,but time when us dollar is reserve currency of the world will end,whan it could be in few years
why,there is awlays reason,reasons,main reason is life is a change,and that will also change
i hope to see one time in my life,that people will be enough aware to not be slave by any currency

Will i see that my life,in some part of the world in some people i see that already

On Secular Stagnation: A Response to Bernanke (http://larrysummers.com/2015/04/01/on-secular-stagnation-a-response-to-bernanke/)


Central banks have backstopped and prevented defaults to the $250 trillion of global debt.

So there is $250 trillion in debt sloshing around the world and yet Summers refers to this as "capital".

So his "solution" is NIRP and a cashless society to prevent anyone from escaping paying negative interest rates on their wealth. And use this resource extraction to continue to backstop the $250 trillion of debt in the world. In order words, Summers thinks we are stupid enough to be a dog chasing our tail wherein the excess "capital" is money we are expropriating from ourselves to prop up "capital" that would otherwise evaporate in a contagion of defaults. And then claim this excess capital that we stole from ourselves (via NIRP) is what is causing the excessive market demand for return of capital (aka safe haven) and thus NIRP.

This is the definition of insanity. And he isn't stupid enough to believe his nonsense. He is obviously scamming us.

http://s3.amazonaws.com/armstrongeconomics-wp/2014/11/Summers-Larry-Career.jpg (http://armstrongeconomics.com/archives/31437)

Obama Is Targeting Your Retirement Accounts (http://armstrongeconomics.com/archives/33214)


Canada to Fingerprint Foreign Travelers (http://armstrongeconomics.com/archives/31461)

Canada’s Hunt for Cash Turns Against Trading Profits in Retirement Funds (http://armstrongeconomics.com/archives/31171)

(Germaneness mine.)

My thesis (even when I started this thread under my prior user name) has been that TPTB are intentionally destroying the nation-state central banks in order to make the world dependent on and clamor for one-world political sharing arrangement where the one-world institutions would provide discipline and oversight on the nations which had proven they could not manage their own affairs. But this is the classic Hegelian dialectic diversion, because we know damn well that the same power brokers who control the BIS also control the Fed and the ECB. So this is clearly creative destruction by TPTB:

http://www.telegraph.co.uk/finance/economics/11704051/The-world-is-defenseless-against-the-next-financial-crisis-warns-BIS.html

The world is defenceless against the next financial crisis, warns BIS
Monetary policymakers have run out of room to fight the next crisis with interest rates unable to go lower, the BIS warns

The world will be unable to fight the next global financial crash as central banks have used up their ammunition trying to tackle the last crises, the Bank for International Settlements has warned.
The so-called central bank of central banks launched a scatching critique of global monetary policy in its annual report. The BIS claimed that central banks have backed themselves into a corner after repeatedly cutting interest rates to shore up their economies.
These low interest rates have in turn fuelled economic booms, encouraging excessive risk taking. Booms have then turned to busts, which policymakers have responded to with even lower rates.
Claudio Borio, head of the organisation’s monetary and economic department, said: “Persistent exceptionally low rates reflect the central banks’ and market participants’ response to the unusually weak post-crisis recovery as they fumble in the dark in search of new certainties.”

https://bitcointalk.org/index.php?topic=1106917.0        

So am I misunderstanding this or is it advocating more tax on the wealthy? I'm not so convinced that this is a panacea to our social and economic ails. I do suspect that many of the wealthy would not be able to retain their immense material gain without the power of the state to rely upon. But perhaps this is not borne out in reality and stifling institutions develop and disintegrate naturally over time. Humans are selfish as a matter of course (perhaps my western bias shows here?), it's my hope that an information age will empower the masses to dissolve the myriad economies of scale that 'oppress' them. Perhaps that is too idyllic though- for the drudge can make an honour of slavery by bowing to and praising his oppressors.

The more I think about it, the more I wish a middle line was walked with governments not overstepping solid bounds. But as a favourite author of mine wrote "Tyranny exists because the weak and the powerful seek it". /rant

Well if you are demonstrating that the large disparity indicates unsustainable decadence and exploitation in the upper echelons of power then I agree.

Hark, “the pious or holy” (Plato (http://www.perseus.tufts.edu/hopper/text?doc=Perseus%3Atext%3A1999.01.0170%3Atext%3DEuthyph.%3Asection%3D10a)) “the capital or money” (qtd. in username18333 (https://bitcointalk.org/index.php?topic=985481.msg11596824#msg11596824)) is “a yoke” (Jer. 28.14 (http://studybible.info/Darby/Jeremiah%2028:14)).

Unique currency must be avoided   reason:  https://bitcointalk.org/index.php?topic=1108280.0         

War coming to the Baltics by 2017. TPTB are moving us to the "10 Kings" (regions) of the NWO.

http://www.armstrongeconomics.com/archives/34302


http://www.armstrongeconomics.com/archives/34402

From my vantage point, there is no dearth of innovation:

https://news.ycombinator.com/item?id=9812245
https://hn.algolia.com/?query=Who%20is%20hiring&sort=byPopularity&prefix=false&page=0&dateRange=all&type=story

The problem is the bastards have much of this innovation in check, due to the triumvirate (the real Troika) protocols of money, governance, and non-anonymous master-servant (a.k.a. client-server) internet.

It is my strong belief that if we provide the correct decentralized, anonymous protocols for those three, the spark will turn into a fledgling tidal wave hidden under the surface at sea heading towards beach fronts.

The block chain is a central component, but (afaik) everyone has been doing it (slightly but thus catastrophically) wrong.


The State as a parasite can only survive in the NWO, one-world system which is a 666 red blood sucking eugenics. In my mind, the key essence point to make is that the existing system can not transition seamlessly (gradually or smoothly) to a new decentralized Knowledge Age system, because the State system is inherently centralized. Centralized systems can't slowly become decentralized. They are eaten from below until they collapse and that collapse can be very messy (deadly).

No it won't!

Your model of the goal and outcome is wrong. Read my my post at the following link:

https://bitcointalk.org/index.php?topic=1082909.msg11937734#msg11937734

The entire EU will brought into debt crisis and only then will there be a monetary reset in a NWO slavery system.

Dumb ass European people can't even see what is so obvious to me since 2010 when I predicted this outcome.

I see one world reserve currency as bitcoin, but the metrics would be crazy.

Like 1 bitcoin repersents a nations debt of $1 million. or something along the lines of seeing a metric of value of debt with bitcoin.

You didn't understand a damn thing from the thread.

You don't even know what a reserve currency means. Sheesh. And your fantasies about Bitcoin are typical of the newbie Bitcoin retard brigade.

You have a blind spot when it comes to economics.

If the opportunity cost of not joining the Knowledge Age is say 10 - 100X greater than remaining in the financed NWO morass, the profit margins of the financed world go negative (in fact this has already happened in China in the export manufacturing sector!) because you have too many competing for the same small bounded value (relative to the Knowledge Age value and the unbounded opportunities for growth).

Thus collapse to 0. That collapsed financed NWO system will try to survive by TOTALITARIANISM and eugenics.

Q.E.D.

The case of Russia is counted as not particularly successful. You look just in one day. But I think everything is counted for many years. Perhaps it is well-planned plan.

You didn't understand a damn thing from the thread.

You don't even know what a reserve currency means. Sheesh. And your fantasies about Bitcoin are typical of the newbie Bitcoin retard brigade.
[/quote]

exactly man, the reserve currency and the world reserve currency are super complicated and different, not as basic as you understand them to be. And Bitcoin becoming the world currency is something which is every bitcoin noob's wet dream, thinking that that little satoshi he owns from signature campaigns and faucets will be worth so much, haha. Let's keep it real.

(Colorization mine.)

If an "economic object" should prove detrimental to plutocracy, it should also, therefore, prove moneyness-less. (I.e., "the capital or money is . . . money because it is beloved of the [one basis point (http://www.merriam-webster.com/dictionary/basis%20point#mwEntryData)]" [qtd. in username18333 (https://bitcointalk.org/index.php?topic=985481.msg11596824#msg11596824)] [emphasis added].)

As I warned you, the countries will be pushed towards cooperating against financial crime:

http://www.theguardian.com/news/2016/apr/03/what-you-need-to-know-about-the-panama-papers

The globalists are destroying the nation-states on purpose and inciting the masses to clamor for a global discipline on malfeasance. I've known for a long time this would be coming. One thing you will learn about me by observing me over time is my ability to predict the future. For example was my 2011 prediction (http://www.gold-eagle.com/article/understand-everything-fundamentally) that the nations would not exit the EU and instead would double-down for more sloppy seconds.

Its all common sense your nothing special.. btw the EU experiment will end, countries will leave and it will cause havok. There's my prediction for today.

So bitcoin is a good candidate for the one world currency as it can be access by everybody in their computers.

One world currency what slave people is debt
any oher,think will China Russia USA UK will ever agree to loose his indepedence
Look Euro currency can you imagine something like that for the world
Maybe after nuclear war and vanishig of 70% of worldwide human population

I chose to agree. This would be the single biggest issue that would cause an enslaving of nations.
thats why we need country fiat and bitcoin.

The cost of leaving the EU is pretty high, which is why all countries are gritting their teeth and sticking to the EU for now.
The experiment has been successful till now - no reason why it should fail in the future.

No reason why it should fail? Off the top of my head:

-Demographics of native population dwindling.

-Mass migration of incompatible cultures which will destroy the balance of demographics within 50 years especially in Germany and other liberal countries.

-Disparity of cultures, economies and politics in EU member states.

-Pensions (this is a big one) and generous welfare going bust. And what will happen with all these lovely third world populations when there government cheese is cut off? I wonder. I'm sure they'll all peaceably relocate back to a more compatible region.

Could be that there will be a doubling down after the UK referendum. But the fracturing is coming regardless.

When I wrote that prediction in 2011, most of you and the MSM all were predicting a rapid exit of one or more of the PIIGS from the EU.

Not me, the end game would have been here if they did that. If you do the game theory you will quickly see that they will keep the dice rolling aslong as their is some sort of public trust in the system, until then it will keep going at the expense of future work.

But at any time that can happen, so I don't put any stock in the fact that EU is still together all glued up and everything.

I thought we are already in this situation.

*Ahem the US dollar? last time I checked everyone loves it, despite its covered bad value.

So why would it recourse into another world reserve currency.

The difference will be that the new one-world reserve coming approximately 2020, will not be controlled by any nation, but rather by a world government body.

This will be viewed by the world as more fair. But in reality it will be much less fair, because the world government will act basically the way the Troika does in the EU now, lending to the nations and never letting them default. They will lend in the world currency, but the people will be paid in their nation's shit currency which is debased like hell by the national politics. So then when the national currency loses value, the people are stuck paying back loans in the relatively more expensive world currency.

This is precisely what the Troika did to the PIIGS to destroy them. They will then do this on a global scale to enslave us all.

https://www.armstrongeconomics.com/world-news/taxes/obama-wants-worldwide-taxes/

https://www.armstrongeconomics.com/world-news/panama-papers-used-for-political-purposes/

give or take a few decades right :)

Ugly hate reading these agendas knowing they have been working them for decades in the background and just slowly pushing the public towards that shoot for the bullet in the head like they do with cows. Oh I wonder whats in here "Bloaww"!

Would most likely need a few wars to get something like this to work and then go back and kill the people you proped up because they also decided to have different plans.
Hard to do but slowly maybe.

Really don't care about it. I can't  globaly change a world and future so better i will flow by the river..
People think if they will panic and gathering smth will change but no, it's not ture.

Thats in 4 years what hes talking about lol.

I dont think anything traumatic will happen by the 4 years.. unless some war breaks out that makes these countries to move in their position to becoming more of a world reserve. Similar how the US did back then.

I have always had this nagging suspicion that bitcoin might be the currency of the new world reserve which all nations will have to use someday. Don't get me wrong, I'm not saying that btc is evil, but it could have been brought into existence as part of a grand master plan.

MUST SEE: former UK prime minister Margaret Thatcher warning and predicting everything that happened with the Euro:

https://www.armstrongeconomics.com/international-news/europes-current-economy/obama-telling-brits-to-get-to-the-back-of-the-queque-if-the-leave-the-eu/

I wonder when this one-world currency will commence...

Enslave?  I think one wotld currency would be a good thing.   Anything to bring humanity together instead of dividing us. We need to tear down political boundaries and remake the world.   And hey, isn't that what bitcoin is for?

It would help a lot if you'd my prior posts in this thread (when I used to have the username 'iamback'):

---

---

---

---

---

---

Read the thread!


Unit-of-account doesn't mean backup. You need to learn what reserve currency means.

Any speculation on if the one world reserve currency will be a basket on national currencies or will it consist of a basket of something like the top ten commodities of the world.  I am guessing it would float against whatever basket it contains but then that raises the question why would it have to float against anything .  I am not an economist, so just trying to get some  of these ideas sorted out.

Currently its been the USD for the longest time.

But you can see other countries been idling on wanting for and chinas  been wanting to become one for quite awhile with their metal hoarding..

Theres not much to see here though, since it takes awful load of time to see this happen. See the time difference between each world war and then apply it to chinas methods of doing the same without the war part of export/imports.

Stealing (scams, oligarchy, etc) is not the exception, rather it is the norm of human nature. Always will be.

The Lord warned us that this is the nature of man (https://www.biblegateway.com/passage/?search=1+Samuel+8).

Don't forget the Iron Law of Political Economics (http://esr.ibiblio.org/?p=984).

You and Armstrong are both wrong on the future of BitCON:

https://bitcointalk.org/index.php?topic=1465136.msg14854131#msg14854131

As for the price action I predicted, stay tuned...


It is not clear if it will destroyed or merely turned into a tool to confiscate wealth, and a better Paypal for the masses. My bet is the totalitarian variant of the future. Click the link above to find out why. Men need a tyrant.

---

I see even an oligarchy controlled Bitcoin as better than Paypal, because:

1. Bitcoin is a global politik; and thus even the Chinese mining oligarchy (cum banksters pulling the strings behind the curtain) can't do anything which isn't politically correct globally.

2. Thus Bitcoin will retain many attributes that Paypal as a corporate offering can't provide such as inability to deny any person in any account equal opportunity to access, inability to enforce holdbacks, block certain industries, and other arbitrary shit Paypal does which make my head want to explode. Bitcoin is a trojan horse launched by the global elite to subvert any localized attempt to block/control the shift to digital currency.

3. Thus I predict enormous adoption for Bitcoin, but just remember it will be owned and controlled by the global elite (aka the banksters). And the global socialism will enforce a global confiscation/expropriation of those with wealth, in the coming years. It will be a bittersweet success.

---

For the moment Bitcoin is only a gambler's paradise, but the conversion to instant microtransactions (http://[quote author=sockpuppet1 link=topic=1219023.msg14855151#msg14855151 date=1463309741) is the key to launching it into mass adoption.

That is why the block chain size debate has been so contentious, because it is a battle over who (Chinese mining cartel + Blockstream, all controlled behind the curtain by the banksters) owns Bitcoin as it is scaled out.


Agreed, but they didn't create Bitcoin as the primary escape hatch from fiat collapse (which will instead be the one world currency reserve unit basket (https://bitcointalk.org/index.php?topic=985481.msg14717132#msg14717132)), but rather because they want to subvert any one nation's control over the digitalization of currency. They don't want a bastardized fragmentation of the digitalized commerce world. That is all good. The bad part is they control the global politik, and thus they control Bitcoin. They can easily incorporate capital controls and expropriation into the politics of regulation of Bitcoin and then they can easily implement it since they are funding and arranging the Chinese mining cartel and Blockstream's $74 million funding.

Edit: my take on the opportunities ahead:

https://bitcointalk.org/index.php?topic=1219023.msg14855669#msg14855669

That is the key point.

The world is short the dollar, so the vortex will suck all the dollars home while the demand for dollars skyrockets causing the strong to become so strong that it chokes off the global economy, while the Fed is forced to raise interest rates due to raging inflation in the USA due to influx of hot dollars from international capital flow stampede. Thus the rest of the world will be desperate for an alternative to the US dollar and a global liquidity provider of last resort, since the Fed will have stopped filling that role as it had been.

The USA is likely to want to capitulate also because USA economy will be toasted by the collapse of the global economy, but if not, Russia and China and others stand ready to ganging up on the USA.

Or the USA resists but the rest of the world marches ahead with the new SDR monetary reset and the USA falls further off the cliff into decadence.


The plan is like the Euro, all countries will borrow in SDRs, but they will use their local currency for wages, etc.. But this will make all countries bankruptable when their business cycles go down but they can't print their own money. All countries will be slaves as per the Greece EURO debt example, which Armstrong has explained many times.

This will take us towards the end game in Revelations where all wealth will be stored on a hill in Israel where the elite banksters have concentrated it with the above enslavement plan for the nations.


Edit: https://www.armstrongeconomics.com/international-news/middle_east/sales-of-us-treasury-bonds-continue-to-try-to-stem-dollar-rise/

A single world reserve currency already exists, it's called the United States Dollar lol.

As for what would happen if there was a single global currency, it could enslave nations, but it all depends on the people running it and the caveats and implications of handing over national sovereignty to a foreign power. We cal already see the Euro failing, so obviously something like that won't work like we think it will.

Might take some more experimenting to get to a point where it is realistic to implement a world currency.

The possibility of Bitcoin to be the only one world global currency is extreme and far-fetched. Every country in the world has its own economic setup dictating its own currency. The very nature of Bitcoints to be a decentralized crypto-currency goes against the acceptance as one global currency by the individual governments. To govern a country, they will not naturally accept the decentralized economic freedom offered by BTC and rule out the technology and the capacity for innovations. Even though it has been accepted by a few first world countries in their payment system, there are far more third world countries who need to constantly fight for existence. Hence, BTC is still not accepted there.

Even, in the level of micro transactions it is even more difficult as we can't wait for hours to get confirmation when paying in coffee shop with bitcoin. This concept didn’t really exist before. Presently, it acts more like store of wealth like gold right now. At this level what is required is faster confirmation and less fee might be used as suitable payment method for micro transactions. The pricing in Bitcoin is still too unstable, like any other crypto currency. Hence, to replace dollar we will need a currency that will have a much more stable exchange rate.

The way we cannot believe all humans of the world regardless of religion, race, creed or color to be able to live in perfect harmony with one government that represents the interests of all people equally. Similarly, it is still impossible to believe in the one world global economy (BTC) to replace every individual economic setup.

It is indeed useful and important in every aspect. Not all country can withstand on its own. It needs the help of other states and investors for it to grow and grow. Thats why having  a good relationship with other heads of state will make it more easier when it comes to good economic exchange. This is what we called globalization where it is understood as “an intensification of cross-border interactions and interdependence between countries” has brought about major change in the international system.