http://bitcoin.stackexchange.com/questions/876/how-much-will-transaction-fees-eventually-be/8749?noredirect=1#comment11471_8749@HighlyIrregular Sure it scales now that we have the revelation that the mega-corporations will do the mining as a loss-leader to monopolize. But the 3% for credit cards will be nothing compared to the 100% or more once there same monopoly controlling both processing and retailing. Before at least the retailers were fighting the credit cards, now they will be one in same and we will become absolutely slaves and destitute. You Bitcoin developers are not thinking clearly.
I don't understand all the vested interests here.
I suppose you just have a lot of money in Bitcoin and mining hardware.
I suppose most of you don't believe there is a real threat of corporations taking over all control of your ability to transact.
I don't think it will help for me to force it down your throat.
MoonShadow, I appreciate that information very much. You confirmed my fears. Occam's Razor was telling me that it had to be so, and you confirmed it. Now I realize that many of you will think I am paranoid or delusional. That is okay. By the time it is too late, you will say "I wish I listened to Shelby".
But of course it will be too late then. So there is nothing I can do.
I wish all of you the best. I wish no harm will come to you. And I don't wish to destroy your speculations. I wish you good luck with them.
New Zealand Prepares to Stealsthe Moneys
Last week we notified our clients that plans have been in place for some time in New
Zealand to be able to declare a bank holiday and instantly haircut all depositors.
As it turns out, this can be done with as little as “a few mouse clicks.”
AFE’s inside source (a senior developer for one of New Zealand’s largest banks)
confirms that these plansstarted some time ago. According to this source’s personal
knowledge of the system’s implementation, which facilitates instant theft on behalf
of the government, this project was initiated years ago. Interestingly, it was the
Reserve Bank of New Zealand that instructed all banks to put this system in place as
well as providing the deadline as to when it had to be implemented.
AFE’s Duncan Cameron says, “You don’t build bridges to nowhere with no plan on
walking them.”
“If depositor’s funds are protected up to €100K, and anyone holding deposits over
that amount has to bail out their bank if that bank gets into trouble, it will set
a precedent for other banks’ depositors worldwide who have deposits over the
insurable amounts within those nations!
In Australia and the USA, the insurable amount is $250K for any single entity
(person); therefore, any one entity over the insurable limit could be subject to
similar scenarios.
Basically, from a legal standpoint, this has shifted the liability of customer banks
deposits from central banks to the banks’ depositors themselves. The legality of
this shift in liability will have a significant effect in the days ahead, I am
sure.” - comments AFE's Treasury Director, Simon Heapes, in the office this morning
regarding the current situation.
Few Places Still Safe for Substantial Wealth
How many other jurisdictions already have these type of plans either on the drawing
board or in process? I think it is a legitimate question to ask at this point.Anyone
who has followed what we have said over the years knows we have warned people to
take measures to protect their wealth:
1. Place a core position of wealth in gold and/or silver, which is purchased
and held outside of the banking system. This prevents such “instant confiscations,”
protects from bank failures, and allows a person to weather inflation and still have
access to liquidity if cash is needed quickly.
2. Diversify wealth internationally so if the government of your jurisdiction
feels it is necessary to confiscate the wealth within its reach, at least they won’t
get all of it.
3. Open bank accounts in other jurisdictions to allow options and access to
cashflow should the banks you hold your cash with go into a bank holiday, and you
find yourself with limited options.
It is important to ask yourself some very serious questions. If you have more than
the government-insured limit in any bank, have you diversified your wealth
geopolitically to where you will not lose everything from the failure of one
nation’s banking system? Have you taken steps to protect yourself versus the
confiscation of wealth that occurs when governments are out of options?
If you have not, we encourage you to take the necessary action needed now while you
still can.History shows that capital controls and increased taxation are always put
in place as a government’s fiscal situation continues to deteriorate. At some point
you may not be able to legally secure your wealth at all outside the reach of a
failing government if you do not take the needed steps today.
Kind regards,
Alex Stanczyk
Chief Market Strategist
Anglo Far-East
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