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Author Topic: Economic Devastation  (Read 504624 times)
iamback
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March 08, 2015, 11:25:57 AM
 #801

CoinCube, Japan might be another good choice as an alternative to Singapore, with a different mix of cultural tradeoffs. Might be a better real estate investment opportunity if it crashes hard in 2016.

He even for example taught me that China and Asia will rise to be the new financial capitals of the world; and from that concept I was able to gain much more insight on the importance of government as % of GDP and make better planning about where I should emigrate and reside.

Actually that was an ongoing issue in my mind after participating in discussions over a mpettis.com with Michael Pettis the China expert. I even had debates with Suvy wherein I articulated what Armstrong is saying about Japan below.

I actually derived the government as a % of GDP difference between Asia and West myself independently before I read it from Armstrong. He may have gotten that from me, since I was emailing him. But in any case, his chart on China rising to be new financial capital of world aided my coming to a complete understanding.

http://armstrongeconomics.com/2015/03/08/why-japan-is-not-greece-or-eu-for-that-matter/

Quote
QUESTION: Hello Martin

There are a few writers who speculate the the yen will be the first currency to fall (because Japan has been tied into QE and flat interest rates for decades already, and their manufacturing is suffering).  How do you think the currency situation will play out for Japan?

ANSWER: This is the classic example of people who keep touting fiat and money supply as if it was the beginning and end to everything. I have stated that ALL money is fiat even when a government fixes the price of gold for they are dictating its value. The floating exchange rate has its advantages. It is truly the check against government for money is simply the expression of confidence in the total productivity of a nation. It is not gold – it is the people.

Japan rose to the 2nd largest economy with a tiny island, no gold, and no resources. It did so proving Adam Smith was correct based upon the total productivity of its people. Inflation does not correlate to money supply. If it did, then ALL commodities would be higher today. Inflation is a matter of confidence and as long as people know someone else will freely accept whatever money might be at that moment, then they will accept it as well. Disturb that confidence and you get inflation all the way up the scale to hyperinflation, which also involves the collapse in confidence in banks and people spending everything as fast as they get it – the opposite of deflationary hoarding.

Interest Rates are also a reflection of INFLATION. You would never lend money with a rate of return BELOW the purchasing power of money at the time you expect a return. Therefore, rates have been flat in Japan because of the massive deflation that is also the hallmark of hoarding (savings).

To understand Japan we must look at the whole picture. The key lies in capital flows. Here we can see the outflow of yen where Japan became the largest holder of US debt until the 1987 Crash. The G5 morons stood up and said they wanted to see the dollar down by 40% for trade. The Japanese panicked and sold US assets taking their money home. That set the stage for the bubble peak in 1989 two years later.

The Current Account surplus has been instrumental in Japanese economics. Japan is running a current account surplus – attracting capital inflows into Japan and such inflows can be used by the private sector or buy government bonds and equity. Japan does not rely on external financing of its public sector debt. A high percentage of Japanese public sector debt is held domestically. In fact, some 70% is held by the Bank of Japan itself. Most of the remaining balance is held by Japanese trust and investment funds.

Consequently, despite a temporary inflow after the Euro debt crisis, foreign sector holdings of of medium- to long-term Japanese government securities remained distinctly below 7%. This in part was driven also by capital controls. One could not even issue a note in Japanese yen without approval first from the Ministry of Finance.

Now, let us look at this perspective in contrast with Europe. The  European periphery countries like Spain, Greece and Italy were also running current account deficits and had a greater reliance on external financing of domestic debt than Japan. This was the initial belief that Euroland replaced credit risk. Here is a list of the top 10 nations who has public and private debt held by non-residents.



The typical snake-oil salesman’s analysis focuses on the debt size and assumes it is fiat and therefore the dollar has to collapse. Now look closer. Why is the debt crisis starting in Europe rather than Japan?  Japan’s externally held debt places it in the rank of number six, whereas its total debt to GDP puts it in first place among all nations. Now look even closer. Here is the external debt as a percentage of GDP where we can see that Japan is the LOWEST of the top ten countries coming in at just 60%. Therefore its debt is primarily domestic not external.

Now turn to the per capita column. Low and behold,  Britain is the worst and Germany, France, Netherlands, Luxembourg all exceed the USA and Italy as well as Spain are not far behind the USA. The problem, no European country has a viable economy to service this level of debt. The average German pays more than 50% of total income to taxes at least 33% more than the average American. Europe is a basket-case for socialism.

There are far too many charlatans distorting facts usually to sell something be it gold or some newsletter filled with nonsense and poor research if you can even call it that. Sorry, but the Japanese private sector (both household and corporate) have a large appetite for buying government bonds (hoarding) for they have traditionally believed in government. For you see, once upon a time the Emperor was seen as appointed by God and thus was the “Son of Heaven”. You cannot argue with God. China had the same philosophy known as tiānmìng (Madate of Heaven). If an emperor was overthrown, this was seen as God’s will. Therefore, instinctively, there is a different sort of confidence in government that dominates Japan compared to the West.

Consequently, this concept of the “Son of Heaven” created a culture where people have listened to government, which is starting to decline with the younger generation. Nonetheless, this belief has created domestic savings rates that are relatively high by global standards (hoarding) which in itself is deflationary. People and firms have spare cash to buy bonds and lend the government money.

Cost of debt servicing Japanese debt has been minimal in recent years and this is the risk Japan faces in the future. Interest rates and bond yields in Japan are very low. (10 year bond yield is 0.5%) Therefore, the interest payments on the debt are relatively low. If interest rates in Japan were to rise, the cost of servicing the national debt would then explode rising much higher than anyone will suspect. With rates so low, debt interest payments account form a substantial amount of total government spending reaching about 15% of GDP.

With Japan in a deflationary spiral, inflation and interest rates have both been very low. The Bank of Japan is able to monetize part of the debt without causing inflation because of the depressed state of the economy. The 70% of government debt is held by the Bank of Japan, does not impact the economy at this stage when in the West pension funds are in danger from holding way too much government debt.

So our analysis looking at every asset class and debt class leaving no stone unturned, places Japan second in line to Europe. The crisis that will tip Japan over will be when rates rise externally. That will transfer risk to the Bank of Japan.


So exactly as I said, Japan will default on its own people and standard-of-living will crash, but this will be a bottom for Japan and then it will rise with Asia because it can leverage its technical superiority along with the massive youth productivity and low government spending in Asia.

Unlike Europe, which will slide into an abyss that has no escape. The only future for Europe is for the youth to migrate to Asia or wait for the boomers to die off (maybe the pandemic will help with that).

Whereas, the USA is a wounded Godzilla, still strong enough to do severe damage to the world for another 8.6 years from 2015.75. After that, it will be severely depleted, bankrupted as a 50 state republic run top-down (the DEEP STATE albatross around its neck) so it will need to fracture and breakup into competing regions in order to realize its productivity again. But all this strife is going to drag the USA into the toilet bowl from 2024 to 2032.

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March 08, 2015, 04:21:53 PM
 #802

These risks of seizure of our assets (even if completely innocent of anything) mean having quiet assets (gold, even Bitcoin) is more important than the usual arguments.  Having BTC100 in a Ledger Nano, for example, means a certain freedom in that the +/- $23,000 would be easy to get past TSA en-route to "Plan B".

That's one of Bitcoin's greatest features: easy capital mobility.

In the future it seems likely that moving any form of precious metals over national borders will become increasingly difficult.

North Korean Diplomat Caught Smuggling 27 Kilos, Or $1.7 Million, In Gold
http://www.zerohedge.com/news/2015-03-07/north-korean-diplomat-caught-smuggling-27-kilos-or-17-million-gold

Quote from: WSJ
Sales of gold have long been an important source of funds for the North Korean regime, which has been largely cut off from the global financial system by sanctions imposed to curb its nuclear-weapons program.

Quote from: zerohedge
The problem for North Korea is that its traditional gold-smuggling routes may be about to close up, leaving the nation unable to "liquify" its gold holdings

According to the BBC reports, Young-nam's baggage was searched and almost 27 kilos, or 59 pounds, of gold bars and ornaments were recovered.

Initially the diplomat refused to allow customs officers and police to examine his luggage. "He insisted that his bags cannot be scanned because he's carrying a red passport and he enjoys diplomatic immunity," Moinul Khan, head of Bangladesh's customs intelligence department told AFP.

Then "after more than four hours of drama, he gave in and we found gold bars and gold ornaments weighing 26.795kg (59lb), which is worth 130 million taka." Or about $1.7 million dollars.

The customs head said the diplomat was told that more than 2kg of gold could not be brought into the country. Which means that now that the gold, nearly $2 million of it, now belongs to the great Bagladeshi void, after it was confiscated



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March 08, 2015, 06:59:30 PM
 #803

...

CoinCube

Yes, I saw that at ZH last night.  The time to have moved gold from your "Home Country" to "Plan B" was yesterday...  I did.

But not 27 kg of gold, ay que pena!

JUST for everyone's possible future reference, you may take ANY amount of cash, gold and other very liquid investments (or "negotiable instruments") out of the USA with you.  But, if the total value is over $10,000 per person per trip you must report it on a Customs form available (but not easy to find) at international airports.  So, our pals at .gov will know if you take out a large amount, but no one else (we presume and hope) will.

Re smaller amounts (say 5 oz Au, or $5000, TOTAL) you do not have to report.

Many countries (inc. Peru) have similar regulations, I think Peru's case is, surprise!, $10,000 as well.

iamback

The OROBTC guy has a very weak Sarcasm and Bullshit Meter.  In fact, it barely functions at all.   I like humor as much as the next guy (in fact I send out jokes to some 50 people via "mass" emails on occasion), but sarcasm (IMO) ought to either be marked or drop-dead clear...  No need to confuse people.  The fact that sarcasm is hard for many people to detect in writing is the fact that written words often do not offer up the obvious clues that many smart people think ARE obvious.

Also, frank discussion is fine.  But, IMO it is not, ahh, simple human kindness and courtesy to disparage others for not catching a fairly difficult point you are trying to make.  Armstrong seems to be insensitive as well.  Perhaps this is the way super-bright guys think...

Smiley
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March 08, 2015, 07:11:56 PM
 #804

Also, frank discussion is fine.  But, IMO it is not, ahh, simple human kindness and courtesy to disparage others for not catching a fairly difficult point you are trying to make.  Armstrong seems to be insensitive as well.  Perhaps this is the way super-bright guys think...

We all can't even be on the same page, if you all are not up-to-speed on accepting Armstrong's models as facts, or at least presenting solid, unarguable counter examples that aren't subjective minutiae about his personality and not his models' performance. I have expended enormous effort to try to move us along towards both understanding (and hopefully some technical solutions forthcoming too Wink, if my health cooperates).

If you are dealing with computer programmers, get used to sarcasm and unadulterated humiliation for not being a sharp tool. You can spend some time over at Eric Raymond's blog (esr.ibiblio.org) for a taste of hackerdom.

I am mild in comparison and got my a$$ handed to me numerous times by Eric Raymond and his regulars, and even gmaxell and his ilk on this forum.

My impatience is also because 2015.75 is almost here and I am way behind on my preparations. Also I am highly stressed trying to pull all-niters on coding while battling severe chronic illness that often makes it a battle for me to have sufficient energy to lift my forehead off the keyboard (literally!).

I don't have any patience for dumb, petty shit. Please.

Btw you can also ship your gold internationally from the USA. I can recommend First State Depository.

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March 08, 2015, 07:22:41 PM
 #805

Shit that dress was gold and white again and slowly morphed to blue and black over about 3 seconds! Is anybody else getting this effect?

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March 08, 2015, 07:36:18 PM
 #806

...

iamback

The topics you typically discuss are inherently difficult.  And you discuss a lot of them.

Perhaps a better way to success (here: demonstrating that a certain point or idea is superior to another) is to maybe discuss FEWER ideas...  Smaller bites.  Fewer topics that require research that takes time to do, to think about and to verify.  This is the way good educators teach to the masses...

We are not all programmers, especially me.  What, about 1% are programmers?  (hmm..., that 1% business again)

"Economic Devastation" is a wonderful thread.  Look at how long it has endured and how many read here and comment.  The nature of financial thought, IMO, especially if one is carefully constructing comments so that others may understand and appreciate, is one that invites careful consideration among your counterparts.

"Bite-sized" ideas and consideration for the fact that most here at "Devastation" are NOT programmers slinging the zing at the slower students may yield better understanding of Armstrong's ideas and yours as well.  An organization (the name of the organization is unimportant) wrote long ago:

Our public relations policy is based on attraction rather than promotion...

Contributing your thoughts in an attractive and inviting manner here will win them more consideration.  And as we understand them better, the entire set of conversations will become enhanced...

*   *   *

That dress has become famous on the web for its color-shifting, smile,,,
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March 08, 2015, 07:40:26 PM
Last edit: March 09, 2015, 01:13:01 AM by CoinCube
 #807

Shit that dress was gold and white again and slowly morphed to blue and black over about 3 seconds! Is anybody else getting this effect?

Its one of those rare images that is perfectly ambiguous. Final color assigned probably depends on low level estimates your brain is making about ambient lighting. I cannot see it as anything other then white and gold no matter how long I look at it. Some, see it as shifting between the two colors, and others can only see it as blue and black.

Its a good example of how a the same data set can be interpreted differently by different brains Wink

Edit: for those who see it only in white and gold like myself. I figured out how to see it as black and blue. If you bring up the picture on a tablet or cell phone and then rotate the device 45-75 degrees away from your eyes it reduces the brightness of the picture and makes it easier to see the darker colors.

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March 08, 2015, 07:44:40 PM
 #808

...

Brown/black and blue is what I see, no changes.  But I did see somewhere (Drudge?, somewhere) pictures of apparently the same dress in different lighting conditions, and yep, different colors.

Perhaps they slyly used materials that have that effect in different lighting...
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March 08, 2015, 08:12:12 PM
Last edit: March 19, 2015, 03:54:43 AM by CoinCube
 #809

"Economic Devastation" is a wonderful thread.  Look at how long it has endured and how many read here and comment.  The nature of financial thought, IMO, especially if one is carefully constructing comments so that others may understand and appreciate, is one that invites careful consideration among your counterparts.

I believe one of the reasons the back and forth between between iamback and I is fruitful is because my own personal filters and biases compensate well for his areas of excess.

Take the following.

It saddens me that you have poor logic skills (well it is not surprising, because that is what makes me an excellent programmer is my extraordinary 100th percentile logic skills). Why can't you grasp that the cyclical models are generated from data and correlation and have no human interpretation involved in their generation. Thus for you to present logic about Armstrong's personality and human flaws is entirely irrelevant.

I don't think you've ever won a logic debate with me yet. The one time you've made very strong logic was in private where you pointed out clearly the reasons why you probably had until at least early 2017 to make an exit from the USA, because of several factors. And I commended you on those insights and immediately saw the astute logic you had employed. I was beginning to gain respect for you.

But this latest from you is extremely subjective and illogical.

What I see when reading this is the following:

(words and self confidence)... the cyclical models are generated from data and correlation and have no human interpretation involved in their generation....  Armstrong's personality and human flaws is (are therefore) entirely irrelevant.
(excessive self confidence   Cheesy)... (more words).
this latest from you is (wrong for the above reason).

Others would focus on different parts of the above post and discourse would get sidetracked. iamback always has a reasonable argument in his posts. Sometimes it is just buried a bit.

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March 08, 2015, 09:16:12 PM
 #810

How ironic it will be if the pandemic materializes and it can be carried and spread by those who are vaccinated, but under age 65 have a very low mortality rate if vaccinated but the over 65 get basically no immune response from the vaccine.

So then after all these years of boomers being selfish with their time, they will have to choose between living isolated from their grand kids or the significant risk of a very painful death.

I was reading how symptoms of the 1918 Spanish flu were somewhat similar to Ebola in the sense of bleeding through the nose and suffocating (gasping for air) on one's own blood filled lungs.

The videos of those gasping for air after being poisoned with nerve gas in Syria come to mind.

The Black death solved the excess in labor that had impeded the Industrial Revolution from forming in Europe.

Perhaps the 2019 pandemic will solve the unfunded liabilities problem which is politically holding back the adjustment to the Knowledge Age computer revolution.

I am not enjoying these thoughts.  Cry

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March 09, 2015, 06:47:16 AM
Last edit: March 09, 2015, 08:39:18 AM by iamback
 #811

BurtW arrested:

The indictment says:

Quote
BURTON WAGNER,
 did knowingly conduct, control, manage, supervise, direct, or own all or part of an unlicensed money transmitting business affecting interstate and foreign commerce, to wit, a digital currency exchange business which (A) operated without an appropriate money transmitting license in a state where such operation is punishable as a misdemeanor or felony under state law; (B) failed to comply with the money transmitting business regulations under Section 5330 of Title 31, United States Code, and regulations prescribed thereunder; and (C) involved the transport and transmission of funds that were known to the defendant to have been derived from a criminal offense

I wonder what that's about. I doubt that he was knowingly helping the Silk Road or anything like that...


http://armstrongeconomics.com/2015/03/09/china-copies-nsa-but-by-legislation/

Quote
China Copies NSA but by Legislation

China will most likely pass a very far-reaching counter-terrorism act which adopts by legislation everything the NSA has been doing illegally behind the scenes and Congress along with Obama have endorsed. China will require technology firms to hand over encryption keys and install security “backdoors” just as the NSA has done secretly.

...

The National People’s Congress has proposed that all companies must also keep servers and user data within China, and supply their law enforcement authorities with communications records and censor terrorism-related internet content. What made the internet work has been the freedom it brought. That is governments are encroaching on and in the process, the exponential growth curve [of the internet] will begin to decline.

For Asia to rise in the Knowledge Age, this Technocracy has to be demolished.

It is time for an untraceable internet to rise. The market is ready. Tor isn't it because it has failed recently on a huge scale to protect hidden servers from the NSA. And the Tor project has admitted that Tor is deficient for hidden servers.



http://www.ieee-security.org/TC/SP2013/papers/4977a080.pdf

Quote
2013 IEEE Symposium on Security and Privacy

Trawling for Tor Hidden Services: Detection, Measurement, Deanonymization

Contributions:
• We give a method to measure the popularity of any
hidden service without the consent of the hidden service
operator.
• We show how connectivity to selected hidden services
can be denied by impersonating all of their responsible
hidden services directories.
• We demonstrate a technique that allows one to harvest
hidden service descriptors (and thus get a global picture
of all hidden services in Tor) in approximately 2 days
using only a modest amount of resources.
• We show how to reveal the guard nodes of a Tor hidden
service.
• We propose a large-scale opportunistic deanonymiza-
tion attack, capable of revealing IP addresses of a
significant fraction of Tor’s hidden services over a one
year period of time.

Note the primary methodology employed is the Sybil attack, which has been one of my main design points about how to build a superior onion network:

Quote
Most of our attacks are made practical and cost efficient by
two implementation deficiencies in the current versions of
Tor: (1) Tor relays can cheat and inflate their bandwidth
in the consensus despite bandwidth measurements; this
makes them more likely to be chosen by the path selection
algorithm. (2) Using a technique called “shadowing” we can
phase relays in and out of the consensus at will without them
losing their flags, allowing us to defeat countermeasures
against Sybil [8] attacks.

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March 09, 2015, 09:01:06 AM
 #812

The Knowledge Age in action in Chile!

https://www.indiegogo.com/projects/yerka-the-unstealable-bike

Also Chile looks like a nice place in this video.

Again note the crime in Latin America is elevated, and maybe that is because they have shorter index fingers (sign of elevated neo-natal testosterone), c.f. my post upthread about the longest penises (other than the Congo) being in South America.

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March 09, 2015, 09:56:27 AM
 #813

so what is supposed to happen in 2015.75?

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March 09, 2015, 10:03:15 AM
Last edit: March 09, 2015, 10:15:00 AM by iamback
 #814

so what is supposed to happen in 2015.75?

One specific event that is expected, is for the German DAX to peak and "terminally" decline from there.

Essentially the confidence in core Europe's sovereign debt should have an turning point towards a terminal decline. That might be precipitated by a more visible loss of confidence in the periphery of Europe on that turning point.

Japan should follow in 2016.

This will cause an acceleration of capital flow into the USA, driving the USA stocks to a phase transition bubble near 40,000 by 2017. The Fed will react by raising interest rates, seeing this as an opportunity to unwind their balance sheet and to pretend to be protecting the 99% against the 1% who profit on stocks. (Note Armstrong doesn't seem to understand the Fed will do this because TPTB want the masses to beg for their own demise, its all part of the master plan towards a one-world reserve currency and global Technocracy. Armstrong doesn't understand that at Bilderberg meetings a smaller group of less than a dozen meet to discuss the real plan for the world, he isn't inside the top most circle)

This rise in interest rates will cause the rest of the world (which is short the dollar due to borrowing all the QE which ended up invested outside the USA) to collapse, thus killing the USA exports from both reduced international demand and a stronger dollar.

USA should thus follow into terminal decline in 2017.

Dominoes falling...

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March 09, 2015, 10:11:49 AM
 #815

so what is supposed to happen in 2015.75?

One specific event that is expected, is for the German DAX to peak and "terminally" decline from there.

Essentially the confidence in core Europe's sovereign debt should have an turning point towards a terminal decline. That might be precipitated by a more visible loss of confidence in the periphery of Europe on that turning point.

Japan should follow in 2016.

This will cause an acceleration of capital flow into the USA, driving the USA stocks to a phase transition bubble near 40,000 by 2017. The Fed will react by raising interest rates, seeing this as an opportunity to unwind their balance sheet and to pretend to be protecting the 99% against the 1% who profit on stocks. (Note Armstrong doesn't seem to understand the Fed will do this because TPTB want the masses to beg for their own demise, its all part of the master plan towards a one-world reserve currency and global Technocracy)

This rise in interest rates will cause the rest of the world (which is short the dollar due to borrowing all the QE which ended up invested outside the USA) to collapse, thus killing the USA exports from both reduced international demand and a stronger dollar.

USA should thus follow into terminal decline in 2017.

Dominoes falling...

Rising interest rates are the Achilles heel of their Keynesian Shit Bonanza.

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March 09, 2015, 10:16:34 AM
 #816

Rising interest rates are the Achilles heel of their Keynesian Shit Bonanza.

You don't (holistically) understand (even though you are correct on one artifact). I assert it was all part of a scripted plan (scripted to be congruent with Armstrong's cyclical models, that is why they need him). I will let CoinCube attempt to explain, if he agrees with me. I don't have time to distill down through all your pre-conceptions. No ill will intended; I am just too busy.

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March 09, 2015, 10:21:09 AM
 #817

Rising interest rates are the Achilles heel of their Keynesian Shit Bonanza.

You don't understand. It was all part of a scripted plan (scripted to be congruent with Armstrong's cyclical models, that is why they need him). I will let CoinCube attempt to explain, if he agrees with me. I don't have time to distill down through all your pre-conceptions. No ill will intended; I am just too busy.

I know it is scripted. Just that I think that the script is different than the one that your are reading.

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March 09, 2015, 10:25:13 AM
Last edit: March 09, 2015, 10:38:19 AM by iamback
 #818

I know it is scripted. Just that I think that the script is different than the one that your are reading.

What difference?

The overall goal by the few elite at the top is to use creative destruction to destroy the central banks and establish a one-world reserve currency (e.g. SDRs) that is not controlled by any nation but rather by some international institution such as the World Bank or BIS or IMF as potential examples. From control of this, they can gain centralized control over every nation on earth.

The various artifacts are used to misdirect various sectors such as:

1. Get the gold bugs focused on fiat as the problem and solution (it is not![1]).

2. Reward the banksters for participating in the overall plan.

3. Fool the masses into socialism and 99% against 1%

4. Global Technocracy (everything is tracked and controlled digitally, e.g. Smart utility meters, digital money, government regulation of the internet)

5. Get Armstrong and other myopic idealists to focus on reforming government as a solution (it is not![1])

etc...

The only solution is technological:

https://bitcointalk.org/index.php?topic=355212.msg10708644#msg10708644

Orthogonal to the dire need for an anonymous internet (the link above), we do need a global reserve unit (I covered the economic reasons else where), but it could be instead potentially a crypto-currency which no one controls but I don't know if this is likely or plausible. I did write it is impossible to absorb the world's $200 trillion into a crypto-currency if we don't add options. Find my recent posts about that, I don't have time to go find them for you.

[1] Human nature can't be changed, that is unrealistic and "pie in the sky" delusion. Instead we need technology that enables us to opt-out of the collectivism.

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March 09, 2015, 10:37:41 AM
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I know it is scripted. Just that I think that the script is different than the one that your are reading.

What difference?

The overall goal by the few elite at the top is to use creative destruction to destroy the central banks and establish a one-world reserve currency. From control of this, they can gain centralized control over every nation on earth.

The various artifacts are used to misdirect various sectors such as:

1. Get the gold bugs focused on fiat as the problem and solution (it is not!).

2. Reward the banksters for participating in the overall plan.

3. Fool the masses into socialism and 99% against 1%

etc...

Fiat is a problem. It is their slavery tool. Perpetual debt and wealth stealing. But it is just a tool from the their toolbox. Just like mass-hysteria news media, entertainment industry, big pharma (vaccines), GMO, fluoridated drinking water, growth hormones in food, etc. It's a 24-7 war by the 0.1% on the rest of humanity.

You also forgot the part of where Russia and China form a strategic alliance and launch a first strike against the USA due to the USA hyperinflating their dollar, making the debt held, especially by China, worthless. The USA will not counter and then up from those ashes will rise the global police state. A tyranny that would give George Orwell a permanent woody. I give this 6 years until fruition.

That Mormon, Joel Skousen, has made millions from this scenario as he oversees the builds of fortified bunkers for those that can afford to pay his price. Doom is his business and business is good.

The Georgia Guidestones are their greeting card with a message for all of humanity.

I have always thought that David Icke was a nutter but maybe he is on to something about these out-of-phase vibrational lizard beings that are in control.

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March 09, 2015, 10:39:06 AM
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Fiat is a problem. It is their slavery tool. Perpetual debt and wealth stealing.

I had already replied to you:

[1] Human nature can't be changed, that is unrealistic and "pie in the sky" delusion. Instead we need technology that enables us to opt-out of the collectivism.

To eliminate fiat, you need to eliminate humans.

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