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Author Topic: Economic Totalitarianism  (Read 345641 times)
trollercoaster
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July 12, 2016, 11:36:25 PM
 #2301

http://www.youtube.com/watch?v=poz6W0znOfk&sns=em

Sums up the freakshow of politics very well.. Cheesy
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July 13, 2016, 12:48:56 AM
 #2302

How much does Supreme court justice earn, enough that she approves of flat poll taxes on the entirity of a countries population apparently. 
I know its only 30 dollars but Ive had only 10 dollars a week for food at least one point in my life and I bet thats not the only time that happens even in advanced countries.   Governments are naturally oppressive and when its taken to extremes at least a few will be completely crushed by that arrogance.    You know I thought you were joking, its kinda unbelievable

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July 13, 2016, 09:21:42 AM
 #2303

Fuckers at the top need to be put on welfare for a couple of years as part of their induction training before entering public service.Then they should be offered the average industrial wage for a couple more.That would separate the wheat from the chaff.No expenses,No free travel on business class etc etc.Most of your tax money is wasted on interest on debts accumulated to pay for money wasted on mismanaged/misappropriated spending.Governments are becoming like any other slush fund embezzling funds setting up new things to spend your tax money on and creating more and more debt while they have job security and pensions that are are higher than those with three jobs who still cant pay the rent.For fucks sake your prison system now is even created for profit.
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July 13, 2016, 06:11:17 PM
 #2304

Fuckers at the top need to be put on welfare for a couple of years as part of their induction training before entering public service.Then they should be offered the average industrial wage for a couple more.That would separate the wheat from the chaff.No expenses,No free travel on business class etc etc.Most of your tax money is wasted on interest on debts accumulated to pay for money wasted on mismanaged/misappropriated spending.Governments are becoming like any other slush fund embezzling funds setting up new things to spend your tax money on and creating more and more debt while they have job security and pensions that are are higher than those with three jobs who still cant pay the rent.For fucks sake your prison system now is even created for profit.

More efficient would be to just assassinate everyone who rises to the top. All elected and unelected officials. Shoot everyone with a badge. Shoot anyone who stands up at a podium and has diarrhoea mouth. Shoot anyone who claims authority.

I'm kinda hoping that is what is coming.  Undecided

Well if efficiency wasn't the objective, it would be more comical to put them all in the same prison naked and force feed them Cialis and Horny Goat Weed daily. Tromp fucking Hellary with Obummer taking up the rear would be comic gold.
minor-transgression
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July 16, 2016, 08:44:26 PM
 #2305

Paradox is awsome. The downside is that you to have to live with the knowledge
that 1+1 doesn't always equal 2, luckily, that probability is infinitely small.
Other, real-life paradox does matter, and finance and law are full of it.

Think about Central Banks this way: Would you like to have an imaginary friend
who gives you money? The USA did that in 1913, and the Brits did it waaay earlier.
Of course, logically, most banking is fraud, so the governments have to create
the legal fiction that Central Bank actions are fair and just, and also that
if ayone else attempts this they go straight to Jail. So if you and I decide
that we have an imaginary friend who gives us money, we not only go to Jail,
we probably get assessed for tax, KYC, AML, structuring, as well. Got that? Cool.

Pass enough laws, and eventually you get two mutually exclusive things that
must be true. This is meat and drink to the legal profession, and since the
Central Banking and financial systems are founded on legal fictions, it's
sorta a permanent open season - don't try this at home, to mix metaphors.
Which brings me to this:

http://www.zerohedge.com/news/2016-07-13/spoofing-trader-who-outsmarted-citadel-and-hfts-gets-3-year-jail-sentence
"And the biggest irony: Steven Peikin, one of Coscia's lawyers, argued that high-frequency traders routinely canceled orders. He told the jury that Coscia's trading strategy was unique but not illegal. Wrong: it is illegal, but he is absolutely right that everyone does it, especially the HFTs. But doesn't matter - next year Coscia will be back in court to hear just how many years he will spend in prison."
Fast forward to today when Coscia's story gets its conclusion. As Bloomberg reports, Michael Coscia, the first person convicted of spoofing after it was made a crime under the Dodd-Frank Act, was sentenced to three years in prison by a federal judge in Chicago, less than half the time sought by prosecutors."
"His real crime? Taking on the HFTs, and Citadel, and winning. Now he gets to spend 3 years in prison thinking about it. And let that be a lesson to anyone else out there who dares to do the same."
 
There are many facets to this story, one is this: TPTB realised that this
was just another version of the "imaginary friend" and that if it was allowed
to continue, the entire Banking scam would fall apart. So, everybody knows
what's going on, they even complain to the regulators - but when they do
as others do, and are profitable, they get arrested.

You might conclude that trading is only allowed after the protection tax is paid,
but I couldn't possibly comment on that.

I'll admit I'm surprised that a jury would convict. After all, if they don't
understand what's going on, they have to acquit, don't they?

And if they thought bitcoin was a threat, we would all be in Jail.
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July 17, 2016, 04:53:38 PM
 #2306

...

I am wondering if the recent terror in Nice and the two mass-shootings of cops in the USA (today three dead cops in Baton Rouge) may be pointing to a quick deterioration of economic and political conditions in the West.

[I discount, for the moment, the attempted coup in Turkey, as it is not clear who did it, maybe Erdogan himself]

#BlackLivesMatter (and other leftie-scum) will be participating outside the RNC there in Cleveland.  We may learn more if they riot.

*   *   *

Urg.  A Hillary ad is now playing on TV.........
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July 17, 2016, 09:51:06 PM
 #2307



More efficient would be to just assassinate everyone who rises to the top. All elected and unelected officials. Shoot everyone with a badge. Shoot anyone who stands up at a podium and has diarrhoea mouth. Shoot anyone who claims authority.

I'm kinda hoping that is what is coming.  Undecided


This is why history is so important to any countrys advancement.    Chairman Mao as recently as the 1960's was killing off the educated people of his giant nation and China is in no way backwards, they had plenty of 'top officials' to kill

Also Stalin did this, anyone close to him was a threat and many died because his ego was so fragile along with millions of peasants who suffered a loss of their food vs an army important to his power

Also Cambodia they killed off many millions, just owning glasses was seen as an advancement threatening to the totally flat society required by a singular vision of perfection.  When the executors had killed off everyone in a town, they too were killed because now they knew too much about what had happened, history is valuable.

Capitalism is seen as a threat because its ruthless competetive advantage of some over others.   The really massive threat is when people try to make all of society absolutely equal, its ironic because that over powering rule in a journey for nirvana ends in death; capitalism being open competition somehow is fairer and each generation mistakes that I think.
Quote
Greenspan, Federal Reserve
There is no other agency of government which can overrule actions that we take
All this QE and endless bad debt we see now, thats another chapter in ironic equality.  I think that quote resembles totalitarianism from the Fed chair, that absolute belief that anyone and anything is necessary collateral

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July 17, 2016, 10:56:31 PM
 #2308

This may be off topic but some good reading here that may or may not be relevant.



 http://www.ecb.europa.eu/press/key/date/1999/html/sp990527.en.html

https://mises.org/library/origins-federal-reserve

https://en.wikiquote.org/wiki/The_Constitution_of_Liberty
trollercoaster
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July 18, 2016, 12:49:19 AM
 #2309

...

I am wondering if the recent terror in Nice and the two mass-shootings of cops in the USA (today three dead cops in Baton Rouge) may be pointing to a quick deterioration of economic and political conditions in the West.

[I discount, for the moment, the attempted coup in Turkey, as it is not clear who did it, maybe Erdogan himself]

#BlackLivesMatter (and other leftie-scum) will be participating outside the RNC there in Cleveland.  We may learn more if they riot.

*   *   *

Urg.  A Hillary ad is now playing on TV.........

It certainly helps destroy confidence, when you have idiots like Obama race baiting, and the French prime minister commenting that the French people must learn to live with terrorism.
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July 19, 2016, 02:02:14 PM
 #2310

And if they thought bitcoin was a threat, we would all be in Jail.

It is possible they can't see the threat until it is too late. The emperor suffers from either paranoia or overconfidence, but lacks the ability to see what can't be seen from the top-down.
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July 23, 2016, 04:47:14 AM
 #2311

Dollar already has a multitude of alternatives and its continued dominance is seemingly unlikely yet it continues.    They probably see bitcoin as a greater threat to places like China or Russia which had banned it

US dollar is held reserve via politics and its position as the worlds only superpower.   Bitcoin isnt used as a reserve, proxy or secondary currency by anywhere afaik and though its devs might be great people, but they got a hard time offering a better deal to the largest controllers of wealth which is soveign nations and their leaders.  
yea people power, capitalism and all that might may be a dream of toppling the system, I'm 50/50 if that ever happens as your average person is a drone

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July 23, 2016, 06:46:10 AM
 #2312

your average person is a drone

Nothing wrong with being a drone if you ask me  Tongue
Exactly what do you have more compared to these drones? Doesn't it always boil down to personal choice/preference? If you are happy being a non-drone and they are are happy being drones, wouldn't you say that you're both in tune with your respective natural states? The problem is that everyone thinks they know what's best for everyone else. One can only ever truly speak for oneself.
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July 23, 2016, 04:21:53 PM
 #2313

your average person is a drone

Nothing wrong with being a drone if you ask me  Tongue
Exactly what do you have more compared to these drones? Doesn't it always boil down to personal choice/preference? If you are happy being a non-drone and they are are happy being drones, wouldn't you say that you're both in tune with your respective natural states? The problem is that everyone thinks they know what's best for everyone else. One can only ever truly speak for oneself.


Emphasis mine in your remark.

Banzai, nicely written.  That is almost a concise definition of totalitarianism right there: someone who thinks (and insists on) that they speak for others, at the point of a gun.

*   *   *

Perhaps being a drone is not too bad if you get to service the Queen...
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July 30, 2016, 01:39:50 AM
 #2314

On the future with blockchains:

It's up to the voter to determine if they are sufficiently convinced and if their upvote should be given.

KYC? Video verification? No need for all these.

I'll respond to this in the future. For now I will just say I am confident I can convince you that it is absolutely necessary (but not immediately on signup as that would make a horrific attrition rate).

Without video KYC, there is no way to stop the identity theft and copyright infringement issues, because there is no way to hold anyone responsible for what they post.

Even if we attain a decentralized, permissionless blockchain, if we have no way to identify posters of content, then it can become illegal to host a full blockchain node because those infringed have to deal with Whac-A-Mole against innumerable Sybils and will instead be forced to petition the government for a complete ban of the blockchain protocol. We have to be able to move the enforcement out to the ends where individual posters can be sued. Once we can identify posters with their national identification (666) number then the government can just eventually turn off their number so they can't post to the Internet any more. I don't really like where this is headed, but I don't see any way around it, the Bible appears to be correct. My hope is that with KYC, the community can develop a self-policing system to blacklist certain repeat offenders (after much careful deliberation), so that it doesn't fall into the lap of the government and 666 number.

Additionally with out video KYC, there is no way to prevent whales from splitting their voting power to avoid any attempt to improve the otherwise what appears to be the insolubly broken voting algorithm.
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July 30, 2016, 03:46:47 AM
 #2315

...

Not really ECONOMIC totailtarianism, but still...

$hillary does not have to try a naked gun-grab to effectively ban guns:

http://www.zerohedge.com/news/2016-07-29/hillary-promises-im-not-here-take-away-your-guns

The Daily Bell (and repliers) tell us how she will do it...  It's the results, not the camoflage.  The Left has lots pf patience.
trollercoaster
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August 02, 2016, 12:52:11 AM
 #2316

Yeah they nibble away at your freedoms over decades like the disgusting rats they are, Fabian socialists are entrenched in Australian politics on both sides, they don't even try to hide it anymore.
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August 02, 2016, 02:36:20 AM
 #2317

SDRs are nearly here

http://www.zerohedge.com/news/2016-08-01/china-moves-forward-sdr-issuance-august

Quote
When Bloomberg reported late last year that China founded a working group to explore the use of the supranational Special Drawing Rights (SDR) currency, nobody took heed.

Now in August of 2016, we are very close to the first SDR issuance of the private sector since the 1980s...

In July and a Chinese central bank official confirmed an international development organization would soon issue SDR bonds in China, according to Chinese media Caixin.

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August 03, 2016, 02:05:13 AM
 #2318

http://bigstory.ap.org/article/f799cfd080b04b93a34df61fc007b096/snapping-cheap-spy-tools-nations-monitoring-everyone
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August 03, 2016, 02:56:01 AM
 #2319



trollerc

That was a great story, thanks for posting it!

Peru's spy service has always been pretty good (effective), they have been at it for a long time.  Our business down there once suffered a night-time robbery (burglary).  We lost something like $3000 in product and had to pay for some damage and additional locks and security (alarm).  I flew down when I heard about.  Of course the perps were never caught, but we have an idea who at least some were.

A few days later, when I was at the airport going through security, the official caught my name on my passport and mentioned the crime...

Peru is one of those places where it just is not smart to fuck with their .gov.
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August 03, 2016, 03:32:14 AM
 #2320

If you are from the USA, Switzerland, Liechtenstein, Norway, or Iceland one interesting option is parking money in Singapore real estate. Singapore has taken great pains to keep foreigners out of its property market. They have been trying to keep speculators from driving up the costs of property.

To cool investment Singapore has imposed a flat 15% tax on all foreigners who buy property in Singapore. Individuals not native to Singapore essentially have to pay an extra 15% to buy property. However, if you are from USA, Switzerland, Liechtenstein, Norway, or Iceland you are immune to this 15% tax due to old free trade agreements that these countries signed with Singapore.

Essentially individuals from those countries can buy for the same price as a native. My understanding is that the banks in Singapore will let you take out a mortgage in US dollars if you earn income in USD but you have to have 30% down. Note that I have not actually done this so I can not guarantee this last point.

Advantages of Singapore Property:
1) Singapore has no capital gains tax
2) Singapore has low property taxes (home unlikely to become giant leaching device)
3) Singapore tax on rental income is only 20%
4) A mortgage in dollars on a home in Singapore is a nice hedge against dollar decline
5) Its one of the most desirable areas to own property in the world and likely to become more so in the future
6) Plan B property if that becomes needed

Disadvantages of Singapore Properly:
1) US dollar is currently on a short term upward trajectory (so now might be early)
2) Singapore property is in an artificial downward trajectory triggered by the 15% tax (so now might be early)
3) Singapore has subsidized public housing for natives which will suppress rental income


I always believe that Singapore is a worthwhile place to invest
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