Economic Totalitarianism

[wiked1]

Bitcoin is centralised through the exchanges and many other ways as explained by TPTB

[Ahab_Hunter_of_BearWhale]

$1000 dollar currency notes ($1 = 0.98 franc):

http://www.armstrongeconomics.com/archives/35977

Potentially useful info for those of us in Europe for sure.

Just don't forget that European countries have routinely canceled their currencies. But I don't know if Switzerland ever did.

http://www.armstrongeconomics.com/archives/17270

http://www.armstrongeconomics.com/archives/21730

http://www.armstrongeconomics.com/archives/31060

I have reasons to believe that if TPTB succeed to their plan in federalizing EU, Switzerland has great interest into becoming their "Bank Nation". Besides, that's what it was in the first place all these years, by keeping their "helpful" monetary policy towards Euro. A monetary totalitarianism as the one that's been constructed the last couple of decades within the EU cannot leave Switzerland out for many reasons. The Migration policy that's being introduced right now will eventually follow the Dubai practices, (ie: marking the immigrants like animals, and monitoring them via electronic devices cause "possible terrorists"), suits them fine in order to keep their "living standards".

I'm seriously thinking if this is a nice place to live if those things come true...

A great up and coming option is the seasteading project, and ones like it. Build a small government, where code runs things, and have a number of decentralized splintering societies as easy to start as the software that'll be thier cornerstone, and you have a new governance/information vector/ a new strategic model on the block ready to show nation States as what fuedalism to was to democracy, decentralized autonomous-semiautonomous societies will be to nation states.
There's no more land on earth for new countries, and starting new groups out in space isn't yet a viable option, but the Hugh seas, and even underwater - as outlandish, hehe, as it sounds there is at least vast amounts of untapped resources in "international waters.

[Ahab_Hunter_of_BearWhale]

...


Tyranny will come in the guise of safety and security and of course the envoirnment and health and safety are included because it is always best to hide the lie in the truth.Selective truth and doublespeak create the narrative as the tyranny rolls out and the sheeple have been slowly boiled like a frog.

Unfortunately spot on. Damn having trouble removing quotes on this mobile device.

[Barnabe]

A great up and coming option is the seasteading project, and ones like it. Build a small government, where code runs things, and have a number of decentralized splintering societies as easy to start as the software that'll be thier cornerstone, and you have a new governance/information vector/ a new strategic model on the block ready to show nation States as what fuedalism to was to democracy, decentralized autonomous-semiautonomous societies will be to nation states.

And who writes the code ? On what basis ? Which criteria ? Code is only an interpretation of someone's will to a machine. Code has not value in itself.

Maybe in a few years with fully developed AI we might see a kind of government ruled by machines, but it might also have tragic consequences for mankind ...

[iamnotback]

Tyranny will come in the guise of safety and security and of course the envoirnment and health and safety are included because it is always best to hide the lie in the truth. Selective truth and doublespeak create the narrative as the tyranny rolls out and the sheeple have been slowly boiled like a frog.

Tinfoil hat investors don't seem to understand that the masses are still a long way from viewing all of the current financial system as F.U.B.A.R.. They are just at the point of trying to vote to kick out incumbents. They are no where near yet bailing out with a parachute.

We have a long ways to go and this will culling of the herd will get very ugly as it always does throughout repeating bouts in man's history.

Bitcoin is already ChinaCoin. It is not decentralized even at 1MB blocks.

Good Satoshi just look at the stats: China is home to 90% of bitcoin trades and 70% of mining.

how long until hit the big fork button on the github repo and force everyone else to use their version of the network?

Of course, as I said many times since 2013, that Bitcoin is a TrojanHorse planted by the global elite to accomplish two goals:

1. Trap all the tinfoil hats by incentivizing them to think their trades are not traceable and let them mix their coins with lots of money laundering, so it can all be expropriated by law when the big economic reset comes in a few years. Since everything is permanent on the block chain, the authorities will be able to apply clawbacks and come take your house and everything from you, because you thought you were smart for investing in BitCON.

2. Bitcoin kills the ability of any nation-state to take the lead on issuing a digital currency. This is to prevent competitors that could offer liquidity and way out other than the coming monetary reset and world reserve currency managed by the IMF and WorldBank under a power sharing agreement of all the nations (but actually controlled by the elite banksters).

...Besides money that you can only spend by converting it to fiat, isn't really an alternative asset. The appeal of gold was you could hope on a plane with it, and someone could convert it in the blackmarket and spend it for real goods. But this isn't going to be possible any more.

I agree with most of what you said, except that quote above.
bitcoin isnt perfect, isnt accepted in many places but its growing...  for example:

http://cointelegraph.com/news/uber-switches-to-bitcoin-in-argentina-after-govt-blocks-uber-credit-cards

When China's mining oligarchy can implement MIT's ChainAnchor which turns off your ability to spend unless you comply with your local government's taxation and capital controls, then where Bitcoin is accepted is less relevant than whether it is no longer a permissionless system.

In order for Bitcoin to scale, the mining must become (already is!) centralized. Blockstream's SegWit makes that even more so.

A centralized control over which transactions are allowed, is not an alternative to fiat. It is just fiat by another name or metaphor.

They said Anonymint was crazy in 2013 when he predicted all these things, and yet you all still won't believe that is coming.

[trollercoaster]

Clinton foundation totalitarianism: http://www.c-span.org/video/?c4609395/special-access-programs-involved

Russia played an important role on the ECM turning point of Oct 1, so if Putin really has his hands on information supposedly protected by special access privileges and decides to release this, we may be in for a wild ride lads.

[iamnotback]

Clinton foundation totalitarianism: http://www.c-span.org/video/?c4609395/special-access-programs-involved

Russia played an important role on the ECM turning point of Oct 1, so if Putin really has his hands on information supposedly protected by special access privileges and decides to release this, we may be in for a wild ride lads.

From that video, I came to understand that there are agencies inside the USA that the public isn't even allowed to know exist.

Trump has made Christie his VP, who was strong proponent of the NSA during the Presidential debates. Trump has made numerous statements that it is okay to violate the Bill of Rights to in order to "protect the country". This isn't necessarily going to get better with Hellary out of the running.

[wiked1]

Fractional reserve banking and 0% lending from central banks to middlemen who then lend it out at 5% + to suckers generated most of the rehypothecation that has served as the catalyst for the coming debt cataclysm."It remains to be seen how quickly today's financial shift will be followed by a comparable geopolitical shift in favour of the new export and energy empires of the east. Suffice to say that the historical analogy does not bode well for America's quasi-imperial network of bases and allies across the Middle East and Asia. Debtor empires sooner or later have to do more than just sell shares to satisfy their creditors."

[OROBTC]

Clinton foundation totalitarianism: http://www.c-span.org/video/?c4609395/special-access-programs-involved

Russia played an important role on the ECM turning point of Oct 1, so if Putin really has his hands on information supposedly protected by special access privileges and decides to release this, we may be in for a wild ride lads.

From that video, I came to understand that there are agencies inside the USA that the public isn't even allowed to know exist.

Trump has made Christie his VP, who was strong proponent of the NSA during the Presidential debates. Trump has made numerous statements that it is okay to violate the Bill of Rights to in order to "protect the country". This isn't necessarily going to get better with Hellary out of the running.

It's been a really shitty week here in Americastan.  Lowretta, Big Bill, Chicken Comey, cop killer in Dallas, and now another racist killer sniping at people on a TN highway.

Almost as if TPTB want our country in chaos, in civil war.  So TPTB can come in when Americans start screaming for "help to protect the country".

It's already been one of those "Long Hot Summers".  Ugh.

[Xester]

In my eyes cash is easier to hide than BTC and crypto. One is undeclared and not really traceable when used for buying goods. Crypto on the other hand can leave all sorts of trails of you happen to drop an address of yours somewhere. That being said, should you manage to buy it anonymously and keep it in cold storage then you may have a chance of using it without having to declare.

Economic totalitarianism is a major event but there are many things that I am afraid that will happen when it comes to reality. And you are right by saying fiat currency is easy to store unlike bitcoins which in the future can be monitored and traced by the individual s who have that kind of technology. It totalitarianism will not be under the government or it will dictate the government there will be some terrible and greedy things that will happen.

[wiked1]

All quotes..The most terrifying words in the English language are: "I'm from the government and I'm here to help"."Government's first duty is to protect the people, not run their lives".
"No government ever voluntarily reduces itself in size. Government programs, once launched, never disappear. Actually, a government bureau is the nearest thing to eternal life we'll ever see on this earth."

[Barnabe]

All quotes..The most terrifying words in the English language are: "I'm from the government and I'm here to help"."Government's first duty is to protect the people, not run their lives".
"No government ever voluntarily reduces itself in size. Government programs, once launched, never disappear. Actually, a government bureau is the nearest thing to eternal life we'll ever see on this earth."

I like the last quote 
But I disagree to some extent. When governments become too much inefficient (or if people don't like it) they simply fall. They may be replaced by another government, but it's not the same one so no eternal life.

[iamnotback]

The broader picture of worldwide declining interest rates has Central Banks
acting like beaters on a grouse moor, driving investors toward US corporate
debt to the benefit of global corporations...

http://www.zerohedge.com/news/2016-07-07/reason-relentless-scramble-us-corporate-debt-one-chart

Destroying the nation-states and sending the world's capital in the multi-nationals. Now please tell me why that wouldn't be well matched to the plans of the Bilderberg group for a world government beholden to their corporations.

And it will all come flowing in through the USD and US stock market, because that is still the most liquid due to being the reserve currency. Refer to the Armstrong quotes upthread where I replied to aminorex.

And the implications for Bitcoin?

It has no impact on Bitcoin. Bitcoin is not liquid or large enough to talk to any of that $trillions of capital.

Bitcoin exists to preoccupy us nerds on a technology that can only become centralized (Bitcoin = ChinaCoin), while we might have otherwise actually have/had the capability of providing the world a viable technology currency option that could grow enough mass adoption to be large enough. But the we are in late innings already and the time and opportunity are slipping away.

Bitcoin exists to be sure that no nation nor entity can break away by offering a digital currency alternative. Bitcoin is a trap and trojan horse designed to be ideological with the promise of decentralization, but in reality that is an obfuscation and it is not.

Bitcoin exists so that all of us who are awake and want to change the system incriminate ourselves by mixing our ownership of tokens with tokens which have been used for money laundering and other illegal actions, with the entire history recorded publicly while the NSA saves all our IP address activity in their Utah data center, so that later all of us who were awake can be destroyed with clawbacks taking away our homes and every thing.

Bitcoin is very dangerous to be involved with. Ditto gold if there is any record you have it, and if there is no record then you won't be able to dispose of it later when it becomes illegal to dispose of gold without a paper trail. And of course when you do dispose of it correctly, you will (later) be taxed so highly that most of your gains will be wiped out.

Our brave new world. 666 and 1984 approaching. Enjoy.

[wiked1]

ZeroHedge
by Tyler Durden
Jul 10, 2016 10:42 AM

Deutsche Bank's Chief Economist Calls For €150 Billion Bailout Of European Banks

The cards have been tipped, and it appears Italy's Prime Minister may have been right.

In the aftermath of Brexit, much of the investing public's attention has turned to Italian banks which are in desperate need of a bailout as a result of €360 billion in bad loans growing worse by the day (and not a bail-in, as European regulations mandate, as that would lead to an immediate bank run) to avoid a freeze and/or collapse of Italy's banking sector. This has pushed stock prices - and default risk - on Italian banks to record levels. So far Italy's bailout requests have mostly fallen on deaf ears, as Germany's political leaders have resisted Renzi's recurring pleas for a taxpayer funded rescue. However, as we have alleged, and as the Italian Prime Minister admitted last week, the core risk for Europe is not just the Italian banking sector but the biggest bank of all in Europe: Deutsche Bank.

Recall last Thursday, when speaking at a joint news conference with Swedish Prime Minister Stefan Lofven, Matteo Renzi said other European banks had much bigger problems than their Italian counterparts.

[RealBitcoin]

Can I get a  50,000,000,000 € bailout too please?

I need to buy bitcoins with them so please be kind and give me a bailout too, I promise I will be a good boy and eat my vegetables 

[wiked1]

https://news.bitcoin.com/governments-banks-fund-blockchain/

[trollercoaster]

http://www.forbes.com/sites/alexepstein/2016/06/16/first-the-government-went-after-exxonmobil-now-theyre-going-after-me/#2134b0d269a1

[OROBTC]

http://www.forbes.com/sites/alexepstein/2016/06/16/first-the-government-went-after-exxonmobil-now-theyre-going-after-me/#2134b0d269a1

trollerc

I have an adblocker program so could not see the article.

But, I did see elsewhere (https://www.armstrongeconomics.com/world-news/taxes/australia-creates-domestic-violence-tax/) today that Australia is about to impose a Domestic Violence Tax (presumably even on people who do not hit anyone in their families...).


All -- "Today's Strange But True Tale From America"

Supreme Court Justice Ruth Bader Ginsburg was heard to say that were her husband still alive, they would be talking about emigrating to New Zealand.

The mirth was tangible there at Zero Hedge, encouraging her to go, why there were offers there to pay her airline ticket, First Class!

http://www.zerohedge.com/news/2016-07-11/us-supreme-court-justice-if-trump-wins-its-time-move-new-zealand

[trollercoaster]

(((Ginsburg))) We don't want her either. 

[wiked1]

http://www.forbes.com/sites/alexepstein/2016/06/16/first-the-government-went-after-exxonmobil-now-theyre-going-after-me/#2134b0d269a1

Supreme Court Justice Ruth Bader Ginsburg was heard to say that were her husband still alive, they would be talking about emigrating to New Zealand.

so maybe it would be a good thing when donald duck wins?