Ayn Rand

[myrkul]

I always thought storing at the Perth Mint in AU wasn't a terribly bad idea.

They give out "warehouse receipts" and are not a bank or subject to banking regs.

Of course, we might expect the long arm of the Takers to reach out in every direction possible.

Now that's interesting. Are those "warehouse receipts" transferable?

Sorry, but I don't know that part.  You can download a brochure from the guys at Perth or just ask them.  I have not used them, but I have been in gold bug type meetings where people spoke highly of them.

I had the impression that it wasn't one of these places where for every ounce of physical gold, they write up one hundred receipts.

Looks like they're more of a storage facility, than anything. The certs have your name on them, so presumably are not transferable without going through some transfer process. Which is a shame, 'cause you could have a viable, legal secondary currency there, if the transaction costs could be kept to a minimum.

[rockinride]

Has anyone seen there is a group in Chile who have formed a community "Galt's Gulch" ? http://galtsgulchchile.com/

[Spendulus]

Doesn't really matter what they call it or how they market it, it's a real estate development project for a golf course resort.

From the description, it has little or nothing to do with implementing principles of capitalism per the model of Galt's Gulch.  I will illustrate briefly from their web page:

Numerous cutting-edge technologies are currently available to the community, which are not readily found in today's society, such as 100% natural microbial mixtures for reviving and maintaining optimal soil health, affording the communiy nutrition dense and flavor rich crops without the need for pesticides, herbicides and fertilizers...water filtration and ionization technologies, affording significant health benefits to the residents of the community...as well as many other highly beneficial technologies, which members of the community will have at their fingertips.

Was Galt's Gulch top down organized along such principles?  Nope, it was simply top down non organized, to allow capitalism to flourish.

The concept that the community would choose or promote or in any way tax for someone's scheme of organic farming is completely opposite to Rand.  Particularly in this area, the expert opinions of farmers and ranchers on the use of pesticides and best methods are required, such that their profit  and self interests are maximized.

[mckmuze]

Will bitcoin become "the motor of the world"?

Heh, no.

But it might become that static motor John came up with before he disappeared.

http://nanoholdings.com/
These guys are on it as far as the "motor of the world" is concerned.
Think Ayn Rand knew something we dont?
she did see a Rothschild.
Powerful people with powerful ideas usually have some insider info.

[Spendulus]

Will bitcoin become "the motor of the world"?

Heh, no.

But it might become that static motor John came up with before he disappeared.

http://nanoholdings.com/
These guys are on it as far as the "motor of the world" is concerned.
Think Ayn Rand knew something we dont?
she did see a Rothschild.
Powerful people with powerful ideas usually have some insider info.

Well, she also predicted the shale oil bonanza we are currently experiencing.  But Nanoholdings has no vise grip on scientific advances, so called "nanotech" is a very, very broad term and there are quietly, every day advances occurring in it.