and IF we stay in the same column moving upwards (probably not gonna happen) 465$ (probably lower as we move to the right):
May I suggest we also redraw that long-term trend line from the inception of Bitcoin which was at $320 in early July, but will be at > $350 by September. Perhaps we will come back up to test that as resistance again? Could you draw it more accurately as you did last time? I don't have the necessary tools to draw it at my disposal. Unlike gold (see my chart in my prior post), Bitcoin already broke out its down channel from the $1100 high. Thus perhaps it is only the bullish long-term trend line that serves as resistance. |
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Goldbugs you get one more chance to sell before the selloff to < $700: https://bitcointalk.org/index.php?topic=1082909.msg12041771#msg12041771OROBTC, if you impressed your wife by selling some gold before it drops, maybe she won't think you are not capable of managing the family's networth when the price drops to $681. Imagine you can end with more gold and your wife's approval. Maybe from the profits you make by repurchasing at $681, you can invest some of the excess in a disruptive altcoin such as Monero or whatever might come. |
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It might be wise to sell all private asset shorts for the time being. Looks like we need one more test of the resistance to the upside before the next move downwards in Sept-Oct. Also it appears the low in private assets won't be until Spring 2016, as we need to allow time for the October kickoff of the contagion in Europe to spread into liquidity crisis and selloff globally with capital rushing into the dollar as the safe haven... It might even be wise to reestablish some long positions for the time being. There may be a possibility of the Bitcoin price moving above $320 and staying below the next zone of resistance. http://www.armstrongeconomics.com/archives/35597 While gold elected the Monthly Bearish at 1155, we did so well below that level, yet holding the 1084 number both weekly and monthly. Our energy models are turning positive so it does not appear we will get major follow-through at this time. When you elect a Bearish Reversal that far from the number, you typically bounce back to retest it before proceeding further.
We have a Directional Change back to back for August and September and July was a turning point. So, we may see a reaction to the upside to flush out the shorts at this time since we have excessive bearishness building in the press as the WSJ comment that gold is the “pet rock”.
A reaction rally at this point BEFORE new lows will relieve the short positions but this is not likely to last beyond September. Therefore we are more likely than not going to see the final decline stage into the Benchmarks [now]. http://www.armstrongeconomics.com/archives/35556We must always play it by the numbers and time. Nothing else matters at the end of the day. Clearly, gold is not in such a Waterfall Event no matter how bearish everyone gets. We have moved beyond the 3 year window from 2011 and the Yearly Bearish Reversal at $681 has held. To make that final low in gold, the vast majority have to write off gold entirely and regard it as the WSJ just did – nothing more than a “pet rock”. So as the bearishness builds, this is good for establishing character separating the traders from the fools who just believe propaganda and trade fundamentally. But the hate mails still come in and this warns the tree must still be shaken. When they stop, then the market will be ready to rebound but only on short-covering – not new longs. So expect no sudden news of a huge buyer to save the day. That will NEVER happen. The low is made by massive shorts just as highs are made by fools rushing in an believe the propaganda of the promoters at the top.
... [click the url to read all]
Those targets for the low in gold are in the International Precious Metals Report that warns of the final decline. We are NOT looking for the low in gold to be on October 1 either. If that materialized, it would be extremely profound. However, the more likely event will be the rush to cash completing the final Flight to Quality.
How high gold will rise from a major low depends upon the entire political landscape but more importantly, the technical projections and the Reversals generated from that low. Will we still have a free market for gold? Or will gold move entirely underground, deemed the money of “terrorists” in an attempt to hunt down business conducted off the grid? This we will cover for the future rally in the next Special Report. http://www.armstrongeconomics.com/archives/35582Government would not necessarily travel door to door to confiscate gold. They would more likely than not employ the same tactic as in the past – just outlaw transactions in gold to avoid taxes which might even include BitCoin. That would be the way they set the stage for confiscating anything that is avoiding taxation which they now call money laundering with up to 20 years in prison. This is now all about them – not you.
...
Such schemes against tax-avoidance would not be merely a target against gold alone. It would be against anything taking place in a tax-exempt atmosphere.
... |
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What is the next major resistance line above $320? It might be wise to sell all private asset shorts for the time being. Looks like we need one more test of the resistance to the upside before the next move downwards in Sept-Oct. Also it appears the low in private assets won't be until Spring 2016, as we need to allow time for the October kickoff of the contagion in Europe to spread into liquidity crisis and selloff globally with capital rushing into the dollar as the safe haven... It might even be wise to reestablish some long positions for the time being. There may be a possibility of the Bitcoin price moving above $320 and staying below the next zone of resistance. http://www.armstrongeconomics.com/archives/35597While gold elected the Monthly Bearish at 1155, we did so well below that level, yet holding the 1084 number both weekly and monthly. Our energy models are turning positive so it does not appear we will get major follow-through at this time. When you elect a Bearish Reversal that far from the number, you typically bounce back to retest it before proceeding further.
We have a Directional Change back to back for August and September and July was a turning point. So, we may see a reaction to the upside to flush out the shorts at this time since we have excessive bearishness building in the press as the WSJ comment that gold is the “pet rock”.
A reaction rally at this point BEFORE new lows will relieve the short positions but this is not likely to last beyond September. Therefore we are more likely than not going to see the final decline stage into the Benchmarks [now]. http://www.armstrongeconomics.com/archives/35556We must always play it by the numbers and time. Nothing else matters at the end of the day. Clearly, gold is not in such a Waterfall Event no matter how bearish everyone gets. We have moved beyond the 3 year window from 2011 and the Yearly Bearish Reversal at $681 has held. To make that final low in gold, the vast majority have to write off gold entirely and regard it as the WSJ just did – nothing more than a “pet rock”. So as the bearishness builds, this is good for establishing character separating the traders from the fools who just believe propaganda and trade fundamentally. But the hate mails still come in and this warns the tree must still be shaken. When they stop, then the market will be ready to rebound but only on short-covering – not new longs. So expect no sudden news of a huge buyer to save the day. That will NEVER happen. The low is made by massive shorts just as highs are made by fools rushing in an believe the propaganda of the promoters at the top.
... [click the url to read all]
Those targets for the low in gold are in the International Precious Metals Report that warns of the final decline. We are NOT looking for the low in gold to be on October 1 either. If that materialized, it would be extremely profound. However, the more likely event will be the rush to cash completing the final Flight to Quality.
How high gold will rise from a major low depends upon the entire political landscape but more importantly, the technical projections and the Reversals generated from that low. Will we still have a free market for gold? Or will gold move entirely underground, deemed the money of “terrorists” in an attempt to hunt down business conducted off the grid? This we will cover for the future rally in the next Special Report. http://www.armstrongeconomics.com/archives/35582Government would not necessarily travel door to door to confiscate gold. They would more likely than not employ the same tactic as in the past – just outlaw transactions in gold to avoid taxes which might even include BitCoin. That would be the way they set the stage for confiscating anything that is avoiding taxation which they now call money laundering with up to 20 years in prison. This is now all about them – not you.
...
Such schemes against tax-avoidance would not be merely a target against gold alone. It would be against anything taking place in a tax-exempt atmosphere.
... |
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It might be wise to sell all private asset shorts for the time being. Looks like we need one more test of the resistance to the upside before the next move downwards in Sept-Oct. Also it appears the low in private assets won't be until Spring 2016, as we need to allow time for the October kickoff of the contagion in Europe to spread into liquidity crisis and selloff globally with capital rushing into the dollar as the safe haven... It might even be wise to reestablish some long positions for the time being. There may be a possibility of the Bitcoin price moving above $320 and staying below the next zone of resistance. http://www.armstrongeconomics.com/archives/35597While gold elected the Monthly Bearish at 1155, we did so well below that level, yet holding the 1084 number both weekly and monthly. Our energy models are turning positive so it does not appear we will get major follow-through at this time. When you elect a Bearish Reversal that far from the number, you typically bounce back to retest it before proceeding further.
We have a Directional Change back to back for August and September and July was a turning point. So, we may see a reaction to the upside to flush out the shorts at this time since we have excessive bearishness building in the press as the WSJ comment that gold is the “pet rock”.
A reaction rally at this point BEFORE new lows will relieve the short positions but this is not likely to last beyond September. Therefore we are more likely than not going to see the final decline stage into the Benchmarks [now]. http://www.armstrongeconomics.com/archives/35556We must always play it by the numbers and time. Nothing else matters at the end of the day. Clearly, gold is not in such a Waterfall Event no matter how bearish everyone gets. We have moved beyond the 3 year window from 2011 and the Yearly Bearish Reversal at $681 has held. To make that final low in gold, the vast majority have to write off gold entirely and regard it as the WSJ just did – nothing more than a “pet rock”. So as the bearishness builds, this is good for establishing character separating the traders from the fools who just believe propaganda and trade fundamentally. But the hate mails still come in and this warns the tree must still be shaken. When they stop, then the market will be ready to rebound but only on short-covering – not new longs. So expect no sudden news of a huge buyer to save the day. That will NEVER happen. The low is made by massive shorts just as highs are made by fools rushing in an believe the propaganda of the promoters at the top.
... [click the url to read all]
Those targets for the low in gold are in the International Precious Metals Report that warns of the final decline. We are NOT looking for the low in gold to be on October 1 either. If that materialized, it would be extremely profound. However, the more likely event will be the rush to cash completing the final Flight to Quality.
How high gold will rise from a major low depends upon the entire political landscape but more importantly, the technical projections and the Reversals generated from that low. Will we still have a free market for gold? Or will gold move entirely underground, deemed the money of “terrorists” in an attempt to hunt down business conducted off the grid? This we will cover for the future rally in the next Special Report. http://www.armstrongeconomics.com/archives/35582Government would not necessarily travel door to door to confiscate gold. They would more likely than not employ the same tactic as in the past – just outlaw transactions in gold to avoid taxes which might even include BitCoin. That would be the way they set the stage for confiscating anything that is avoiding taxation which they now call money laundering with up to 20 years in prison. This is now all about them – not you.
...
Such schemes against tax-avoidance would not be merely a target against gold alone. It would be against anything taking place in a tax-exempt atmosphere.
... |
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You talk to the Brits first, because bureaucracy is fascinating, and use your social skills with the locals later.
I rather instead fancy letting the Brits occupy a remote island, but unlike the Falklands where they had the support of the local population, in this case where the citizens are in absentia accused of being stateless persons and refugees in other countries (those host countries bound by a UN Convention on Stateless Persons). A standoff of sorts. The point was let them violate the sovereignty of Pitcairn if they want to, under the watchful eye of the people of the world. Let them try to spin their propaganda on the airwaves, while the truth leaks out through 100s of anonymous blogs on the new anonymous internet. Let the Brits destroy the peaceful lives of the descendants of the original settlers. Maybe along the way, hackers (such as Anonymous) with new untraceable drone technology that sinks every British supply ship that tries to resupply their occupying troops. You are highly underestimating the power of programmers and math in this coming Knowledge Age. If ever 100,000 programmers and mathematicians turn against the 0.001%, the 0.001% will be burnt toast. I think also you perhaps ignored the part of the OP that talks about trying to negotiate treaties with the competing claimants on sovereignty, e.g. some treaty by which the Brits retain some influence if they back off from a direct confrontation. TPTB have to calculate their potential losses from a direct confrontation. The point is to make it less costly for them to accede some sovereignty than for them to try to bully their way. Imagine the lone student standing in front of the tanks at Tiananmen Square that led to the fall of the Iron Curtain in China. |
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"what’s called libertarian in the United States, which is a special U. S. phenomenon, it doesn’t really exist anywhere else — a little bit in England — permits a very high level of authority and domination but in the hands of private power: so private power should be unleashed to do whatever it likes. The assumption is that by some kind of magic, concentrated private power will lead to a more free and just society...
just a call for some of the worst kinds of tyranny, namely unaccountable private tyranny."
Please point out to the senile Noam Chomsky that he is describing democracy, where the 0.001% (the unaccountable private owners of the governments) convince the 99% to tax the 1%, which is really a tax on the 99.999%. Any inane socialist pigheaded questions? http://www.armstrongeconomics.com/archives/16385I was in Australia when they were proposing the Luxury Tax. They got the people to vote for higher taxes by lying to them. The slogan was they were going to tax the rich with their “Ferraris, Fur Coats, and French Wines.” Everyone cheered – ya! Get the bastards! When the tax was passed, suddenly the dumb public discovered ALL electrical products were included. You could not buy a clock radio without the Luxury Tax.
People get what they deserve from government – lie, lies, and more lies, and empty pockets to show for it. http://www.armstrongeconomics.com/archives/35453Governments promised that they would never use E-ZPass [toll booth elimination] technology for speeding tickets, but they lied. A friend received a speeding ticket in the mail from Virginia, stating that they drove through the E-ZPass lane 10 mph above the speed limit. I remain skeptical about government because they are simply not trustworthy. Btw, the Armstrong quotes I have been giving you from 2013, show the ability of my long-term memory. I am not pulling those from generalized, scatter-shot Google searches. I memorized them sufficiently to be able to know which phases to search Google for to pull them up again. http://www.armstrongeconomics.com/archives/23950Earn just US$100,000 and you have made it to the hated top 1% that they argue deprive the 99% without exactly explain why it is such people rather than governments.
Taxes have been increasing exponentially and this has reduced new job creation from small business because in many developed countries, savings are still at rock bottom levels after the tax burden. This is just glaringly obvious when we look at Western Europe. The growth since 2007 in the sheer the volume of financial assets that have been accumulated is down by about 50% on average whereas Germany has been hit even harder as wealth has fallen to just 40% of the pre-crisis level. Germans on average now pay more than 50% in taxes and with the pending confiscation of 10% of their asset to bailout banks and an additional 5% tax to bailout the municipal governments, this trend in Germany may wipe out its ability to even create wealth moving into 2032.
Strangely, even with the French-elite socialist inspired IMF proposal to just confiscate 10% of everyone’s bank accounts in Europe, it appears that the majority of people do not pay attention to the financial news. In Europe, bank deposits are still the investment of choice, whereas long-term investments, including equities, are still being avoided as evil and untrustworthy since 2007. This has contributed to the historic low in retail participation in the stock market that is only furthering the gap between the “rich” and the “poor”. Money is just being “parked” rather than invested and this is clearly a major concern for any downturn from here will have even less wealth to provide a cushion for the middle class. Consequently, the next downturn appears to be far worse than anything previously. This is at odds with individuals facing retirement when the governments have unfunded liabilities and keep turning to higher taxes rather than looking at the problem long-term.
The rising disparity between the “rich” no one wishes to actually define and the “poor” who is defined as having less than the “rich”, is impacted by the rising taxation that is also reducing job creation and sending interest in borrowing for investment in Europe to record lows. That trend will hit the US shores starting in 2016. http://www.armstrongeconomics.com/archives/26331  The socialists love to tout that 1% of the world’s population will own more wealth than the other 99%. From the socialists’ viewpoint, this justifies stealing from one group to give to another, despite this model failing in the past. It is also in clear violation of the Ten Commandments. But why does this trend even happen? Is it that the 1% suppress the 99%? Or could it be that government suppresses the 99%?
The 99% cannot get richer because government robs them every day. What should have been put into savings and investments, was squandered as usual by politicians. So is it the fault of those who actually invest on their own? The socialists want to blame the rich and rob them, handing more and more assets to the political class who waste it on themselves.
The 99% need to wake up. It ain’t the 1% – It is those who pretend to be on your side who deprive you of your real right to economic freedom. |
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"what’s called libertarian in the United States, which is a special U. S. phenomenon, it doesn’t really exist anywhere else — a little bit in England — permits a very high level of authority and domination but in the hands of private power: so private power should be unleashed to do whatever it likes. The assumption is that by some kind of magic, concentrated private power will lead to a more free and just society...
just a call for some of the worst kinds of tyranny, namely unaccountable private tyranny."
Please point out to the senile Noam Chomsky that he is describing democracy, where the 0.001% (the unaccountable private owners of the governments) convince the 99% to tax the 1%, which is really a tax on the 99.999%. Any inane socialist pigheaded questions? http://www.armstrongeconomics.com/archives/16385I was in Australia when they were proposing the Luxury Tax. They got the people to vote for higher taxes by lying to them. The slogan was they were going to tax the rich with their “Ferraris, Fur Coats, and French Wines.” Everyone cheered – ya! Get the bastards! When the tax was passed, suddenly the dumb public discovered ALL electrical products were included. You could not buy a clock radio without the Luxury Tax.
People get what they deserve from government – lie, lies, and more lies, and empty pockets to show for it. http://www.armstrongeconomics.com/archives/35453Governments promised that they would never use E-ZPass [toll booth elimination] technology for speeding tickets, but they lied. A friend received a speeding ticket in the mail from Virginia, stating that they drove through the E-ZPass lane 10 mph above the speed limit. I remain skeptical about government because they are simply not trustworthy. http://www.armstrongeconomics.com/archives/23950Earn just US$100,000 and you have made it to the hated top 1% that they argue deprive the 99% without exactly explain why it is such people rather than governments.
Taxes have been increasing exponentially and this has reduced new job creation from small business because in many developed countries, savings are still at rock bottom levels after the tax burden. This is just glaringly obvious when we look at Western Europe. The growth since 2007 in the sheer the volume of financial assets that have been accumulated is down by about 50% on average whereas Germany has been hit even harder as wealth has fallen to just 40% of the pre-crisis level. Germans on average now pay more than 50% in taxes and with the pending confiscation of 10% of their asset to bailout banks and an additional 5% tax to bailout the municipal governments, this trend in Germany may wipe out its ability to even create wealth moving into 2032.
Strangely, even with the French-elite socialist inspired IMF proposal to just confiscate 10% of everyone’s bank accounts in Europe, it appears that the majority of people do not pay attention to the financial news. In Europe, bank deposits are still the investment of choice, whereas long-term investments, including equities, are still being avoided as evil and untrustworthy since 2007. This has contributed to the historic low in retail participation in the stock market that is only furthering the gap between the “rich” and the “poor”. Money is just being “parked” rather than invested and this is clearly a major concern for any downturn from here will have even less wealth to provide a cushion for the middle class. Consequently, the next downturn appears to be far worse than anything previously. This is at odds with individuals facing retirement when the governments have unfunded liabilities and keep turning to higher taxes rather than looking at the problem long-term.
The rising disparity between the “rich” no one wishes to actually define and the “poor” who is defined as having less than the “rich”, is impacted by the rising taxation that is also reducing job creation and sending interest in borrowing for investment in Europe to record lows. That trend will hit the US shores starting in 2016. http://www.armstrongeconomics.com/archives/26331The socialists love to tout that 1% of the world’s population will own more wealth than the other 99%. From the socialists’ viewpoint, this justifies stealing from one group to give to another, despite this model failing in the past. It is also in clear violation of the Ten Commandments. But why does this trend even happen? Is it that the 1% suppress the 99%? Or could it be that government suppresses the 99%?
The 99% cannot get richer because government robs them every day. What should have been put into savings and investments, was squandered as usual by politicians. So is it the fault of those who actually invest on their own? The socialists want to blame the rich and rob them, handing more and more assets to the political class who waste it on themselves.
The 99% need to wake up. It ain’t the 1% – It is those who pretend to be on your side who deprive you of your real right to economic freedom. |
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"what’s called libertarian in the United States, which is a special U. S. phenomenon, it doesn’t really exist anywhere else — a little bit in England — permits a very high level of authority and domination but in the hands of private power: so private power should be unleashed to do whatever it likes. The assumption is that by some kind of magic, concentrated private power will lead to a more free and just society...
just a call for some of the worst kinds of tyranny, namely unaccountable private tyranny."
Please point out to the senile Noam Chomsky that he is describing democracy, where the 0.001% (the unaccountable private owners of the governments) convince the 99% to tax the 1%, which is really a tax on the 99.999%. Any inane socialist pigheaded questions? http://www.armstrongeconomics.com/archives/16385I was in Australia when they were proposing the Luxury Tax. They got the people to vote for higher taxes by lying to them. The slogan was they were going to tax the rich with their “Ferraris, Fur Coats, and French Wines.” Everyone cheered – ya! Get the bastards! When the tax was passed, suddenly the dumb public discovered ALL electrical products were included. You could not buy a clock radio without the Luxury Tax.
People get what they deserve from government – lie, lies, and more lies, and empty pockets to show for it. http://www.armstrongeconomics.com/archives/35453Governments promised that they would never use E-ZPass [toll booth elimination] technology for speeding tickets, but they lied. A friend received a speeding ticket in the mail from Virginia, stating that they drove through the E-ZPass lane 10 mph above the speed limit. I remain skeptical about government because they are simply not trustworthy. http://www.armstrongeconomics.com/archives/23950Earn just US$100,000 and you have made it to the hated top 1% that they argue deprive the 99% without exactly explain why it is such people rather than governments.
Taxes have been increasing exponentially and this has reduced new job creation from small business because in many developed countries, savings are still at rock bottom levels after the tax burden. This is just glaringly obvious when we look at Western Europe. The growth since 2007 in the sheer the volume of financial assets that have been accumulated is down by about 50% on average whereas Germany has been hit even harder as wealth has fallen to just 40% of the pre-crisis level. Germans on average now pay more than 50% in taxes and with the pending confiscation of 10% of their asset to bailout banks and an additional 5% tax to bailout the municipal governments, this trend in Germany may wipe out its ability to even create wealth moving into 2032.
Strangely, even with the French-elite socialist inspired IMF proposal to just confiscate 10% of everyone’s bank accounts in Europe, it appears that the majority of people do not pay attention to the financial news. In Europe, bank deposits are still the investment of choice, whereas long-term investments, including equities, are still being avoided as evil and untrustworthy since 2007. This has contributed to the historic low in retail participation in the stock market that is only furthering the gap between the “rich” and the “poor”. Money is just being “parked” rather than invested and this is clearly a major concern for any downturn from here will have even less wealth to provide a cushion for the middle class. Consequently, the next downturn appears to be far worse than anything previously. This is at odds with individuals facing retirement when the governments have unfunded liabilities and keep turning to higher taxes rather than looking at the problem long-term.
The rising disparity between the “rich” no one wishes to actually define and the “poor” who is defined as having less than the “rich”, is impacted by the rising taxation that is also reducing job creation and sending interest in borrowing for investment in Europe to record lows. That trend will hit the US shores starting in 2016. http://www.armstrongeconomics.com/archives/26331The socialists love to tout that 1% of the world’s population will own more wealth than the other 99%. From the socialists’ viewpoint, this justifies stealing from one group to give to another, despite this model failing in the past. It is also in clear violation of the Ten Commandments. But why does this trend even happen? Is it that the 1% suppress the 99%? Or could it be that government suppresses the 99%?
The 99% cannot get richer because government robs them every day. What should have been put into savings and investments, was squandered as usual by politicians. So is it the fault of those who actually invest on their own? The socialists want to blame the rich and rob them, handing more and more assets to the political class who waste it on themselves.
The 99% need to wake up. It ain’t the 1% – It is those who pretend to be on your side who deprive you of your real right to economic freedom. |
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@TPTBNW "Your thoughts are based in fantasy" yet you reference a "MadMax"
future and then accuse me of fantasy? Riiggggghhtt
Incorrect. My plans and schemes are valid even in a non-mad max outcome. For example, enabling micropayments and anonymity is relevant in any case to the Knowledge Age that I assert is overtaking the world. When your local militia
I disagree with the premise. I don't see any local militias. The only possible place that might occur is in the USA (and is ongoing in Ukraine), but TPTB have been gearing up for that fight. Sorry I don't visualize the remainder of my life spent in continuous war with mortars exploding around me every 3 minutes. And TPTB know very well that the masses quickly tire of war and are satiated with peace regardless how much sovereignty they accede. The murals TPTB constructed at the Denver airport depict very well their plans and strategy. The world will bifurcate into a Knowledge Age and a NWO monetary reset with an enslaved new one world by 2033. In the meantime, your cowboys in the USA will be using paper dollars and cryptocurrency. Gold is a relic and it will not be used. Get over it. All I'm doing here is pointing out how the "money system" works.
I was merely asserting that if neither crypto nor Govcoin are available, then the world can fall into a Dark Age where only food is money. I don't think that is going to happen, but it could for some years between 2018 and 2033. Gold won't work out. The militias will also be infiltrated with spies. DVD : "IP Man - Disc 1"
Book : "Marco Polo - From Venice to Xanadu"
Don't equate cases where currency remained legitimate to asserting that gold will remain a currency with the legit currencies are not available. Study your history as Armstrong has. This story contrasts Venice and its metallic currencies against the paper
No nation has ever had a metallic currency. It has always been a fiat seniorage stamped onto some metal. Again study your history as Armstrong has. By these examples I suggest that Totalitarian States and Central Banking
overreach are features of the endgame in the lifecycle of Nation States.
USSR -> Russia was an endgame  I don't entirely disagree but it is not addressing my point that gold will not hold up as a currency if the society goes F.U.B.A.R.. Despite our differences, TPTBNW, I'd agree you are on the right track.
Alternatives to a government mandated monopoly on credit issuance must be
found together with an end to the overt manipulation of markets.
(See my first post in 2013) I'd suggest that the real problem is one of getting
peope weaned off the credit they think of as money.
No the real problem is providing a way for the people who want to productive to separate themselves from those who want to perish. Convincing people to change is a waste of time. |
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popcorn1, you didn't understand my replies, so I will not clutter this thread with more replies that you wouldn't understand. Best to you.
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Would The Philippines respect your sovereignty if someone bought one of the islands on the "margin" (remote)? Bet they would not,
I did not propose to attempt to take territory from a powerful, large state. The Philippines has a population exceeding 100 million. bet they would not respect UN rulez (technicalitiez) re "stateless people".
The Philippines ratified it in 2011 after signing it 50 years ago. So apparently they are very much willing to abide by it. In my experience, the Philippines would. You could go on TV Patrol to garnish local sympathy. It is (story link below) a British Overseas Territory, so might not be for sale. Would guess NOT.
The islanders are not desperate right now. You'd have to wait for the coming economic implosion. You could migrate there by the dozens and gain enough political power to help set policy, which I think is more realistic than trying to overtly buy them out in one move. The best would be a gradual infiltration and convincing (with money galore to help in the convincing). I could not accomplish that by myself. With perhaps 5 other like-minded guys and their extended families migrating there, we could probably accomplish it. The UK would fight us, but fuck them. As I explained earlier, there are limits to what they can do. Did you see the rape case on the island? The UK couldn't even put them in prison for a long time. The governor of the island was involved. Looks kind of nice actually...
I would go crazy there. Especially they don't have fiber optic cable so the internet is atrociously slow (Tahiti has it some 1000 miles away). There is no way to land a plane there, so it is 3 days by boat to the nearest island that has air access (the other island under their nation could handle an airport but the UN declared it a private wildlife refuge  ). The island is pretty damn small. Be okay if you like the people a lot and enjoy being around them. I'd say if we could upgrade the infrastructure, and accomplish our goal, it might be worth trying? We'd have to invest some time living there. We couldn't just waltz in and take over in one week. This would be a disruption to our lives. Is it worth it? Also we'd really have to maintain the lives of the people there and what they love. I think they are essentially already anarchists, but they have some socialist needs. One thing is the locals are not reproducing (youngest child is a 12 year old girl, next youngest is a 19 year old man) and many want to leave. So they would I think over time wither away in political control, if our offspring and immigrations were significant. It is a lot of effort to undertake. I would not even consider it, unless I was sure we had a plan to outnumber the existing population.\ Edit: let me add that I am not interested to destroy the lives of the people there. I would only migrate there if I felt I could uplift their lives. |
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just need a leader that wont fill his own pockets
Read the OP of this thread again. We propose no revenue generation and no power for any leader. |
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this is what you say.. so what if i got all my money of mummy and daddy and all i ever done was party
how do i grow a carrot
and i never learned at school because i am stinking rich and i want a slave to do it i throw him a few shillings to clean my pool and grow my veg is this ok in your state
The key is to destroy usury which I assert the Knowledge Age does (c.f the OP of the Economic Devastation thread). So this unproductive brat will end up destitute soon enough and his wealth will have been transferred to those who are productive. Eliminating the high fixed capital component of production is the main reason we can now jettison democracy and socialism. The technology has changed what society can be. if your trying to make humans lives happy well how will you make mine happy if i got no money to buy land in your eyes i am worthless
so does that not make you the same as most governments your already telling me if i got no money to buzz off
By reaching out to you abroad with educational opportunities to better yourself and earn enough to join in. Donations if you really need it, to help you bridge the gap. But if you are determined to just be a leech on society's best faith attempts to help you, then yes you will be ignored and perish as it should be for any pest or parasite. |
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