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thatbluedude
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March 28, 2015, 08:04:22 PM Last edit: March 29, 2015, 08:04:45 AM by thatbluedude |
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Can some reader(s) please sign up for Armstrong's "Solutions Conference" and report back to us all the power points?
I'm not qualified to write a synopsis but I can quote the tl,dr slide Solution 2015
-Eliminate Federal Income Taxation -Debt to Equity Swap implemented in tranches - Prohibit Federal Borrowing - Eliminate Forced Retirement Taxes that lack Investment - Eliminate Political Contributions Everything hinges upon our understanding of money Eliminate Taxation and eliminate Political Donations and we will Reduce Corruption
Edit: Slide's part of this blog post http://armstrongeconomics.com/2015/03/29/solution-conference/
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wearefucked
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March 29, 2015, 10:32:49 PM Last edit: March 30, 2015, 01:03:05 AM by wearefucked |
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Can some reader(s) please sign up for Armstrong's "Solutions Conference" and report back to us all the power points?
I'm not qualified to write a synopsis but I can quote the tl,dr slide Solution 2015
-Eliminate Federal Income Taxation -Debt to Equity Swap implemented in tranches - Prohibit Federal Borrowing - Eliminate Forced Retirement Taxes that lack Investment - Eliminate Political Contributions Everything hinges upon our understanding of money Eliminate Taxation and eliminate Political Donations and we will Reduce Corruption
Edit: Slide's part of this blog post http://armstrongeconomics.com/2015/03/29/solution-conference/Thank you. There is no equity to swap for because the bankrupted sector is bankrupt. The only equity is the ability of the government to tax and steal thus to steal the equity from the private sector to make the bankrupted sector whole. Sorry that won't fly. We are in Armstrong's Private wave until 2033, and the private sector is going to give the middle finger to the public sector. Sorry we are headed to war, because there is no way the productive sector is going to agree to share in order to sustain the fucking socialism. Hell no! The old industrial age capital is going to get stuck in stocks, real estate and other assets that the socialism can expropriate. The Knowledge Age investors are going to be in the anonymous protocols and crypto-coins and come out of this the new $billionaires. The only way Armstrong's proposal flies is if the public sector is able to maintain control and hunt down the private sector. And this is why we in the private sector have to create an anonymous protocol and break free. Note this means war and probably cause the powers-that-be to get desperate as I explain at the post below: https://bitcointalk.org/index.php?topic=1002301.msg10914780#msg10914780As for preventing politics, he is dreaming. Such promises could be part of global monetary reset, but of course it will be all lies. Sorry we need to get busy creating the anonymous protocols we need and get ready to fight (smartly). Armstrong is (perhaps unwittingly) promoting a one-world reserve currency where taxes are taken by printing money (the reserve currency). What this will do is cause all the other countries to come hat-in-hand begging for bailouts (when the nation-state politics continue to fuck up their national currencies). His proposal is a global enslavement paradigm. And the dumb fucks who are following him are raving about it: http://armstrongeconomics.com/2015/03/29/thinking-outside-the-box-yes-there-is-a-whole-lot-more-than-meets-the-eye/I covered this in more detail in the One-World Reserve currency thread which is linked in the quote below: Beliathon & galdur, you must distinguish between usury model "capitalism" of the industrial age with the knowledge capital of the fledgling Knowledge Age. Stored money is not the real capital in an economy, thus I think you misplace blame on capitalism when in fact what we have now is not capitalism rather socialism or collectivism. I explained this in great detail throughout the One-World Reserve Currency thread and the Economic Devastation thread. I now see Armstrong as the enemy. Note the powers-that-be are ramping up their unconstitutional domestic military force drills: https://bitcointalk.org/index.php?topic=1005427.0
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OROBTC
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March 29, 2015, 11:26:43 PM |
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...
thatbluedude & wearefucked
Re "tl;dr" Armstrong (my comments in blue):
-Eliminate Federal Income Taxation No way. We wish, but will not happen. -Debt to Equity Swaps Not sure what you mean. Whose debt for what equity? -Prohibit Federal Borrowing Bwahahahahahahahahahahahahahahahaha....... -Eliminate Forced Retirement Taxes No way, they (.gov) need the money now! -Eliminate Political Contributions No way!! Even if there were a law, the money (cash or crypto) would find a way to their pockets.
* * *
When I am done with the book, fascinating now -- most excellent, I am going to review (and probably recommend) a new book: Future Crimes (Marc Goodman) which will not only discuss criminal activity (mostly internet, etc.), but, ahhhh, maybe inspire some ideas in self-defense.
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l3552
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March 29, 2015, 11:53:52 PM |
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Our friend Winston from 1984 predicted what it gonna be of the unrelated Knowledge. Syme was vaporized.
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wearefucked
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March 30, 2015, 01:19:08 AM |
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Armstrong's Nationalization Pump & Dump "Solution"Armstrong is proposing the Central Banks print money to buy up corporate shares then the debts can be converted to these shares. http://armstrongeconomics.com/2015/03/29/debt-equity-swaps/That can't work because corporate shares are not fungible! So he proposes to create a new basket weighting of corporate shares so each swap gets the basket and can then trade it. So of course you want to sell the basket and move your capital out to the higher performing equities. So this would essentially be a pump and dump and crash the global economy! What an idiot! He is trying so hard to avoid bottom-up, creative destruction. He is trying for top-down solutions and all of them will fail.
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yampi
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March 30, 2015, 01:21:09 AM |
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Armstrong's Nationalization Pump & Dump "Solution"Armstrong is proposing the Central Banks print money to buy up corporate shares then the debts can be converted to these shares. http://armstrongeconomics.com/2015/03/29/debt-equity-swaps/For one that can't work because corporate shares are not fungible! So he proposes to create a new basket weighting of corporate shares so each swap gets the basket and can then trade it. So of course you want to sell the basket and move your capital out to the higher performing equities. So this would essentially be a pump and dump and crash the global economy! What an idiot! That would be a fun show to watch for everyone who has their money in BTC form.
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OROBTC
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March 30, 2015, 01:37:57 AM |
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wearefucked
Well, yes we are fucked! Now that that bad joke is out of the way...
Armstrong, however smart he is (very smart IMO), is proof that the world is too complicated a place for one man, even with supercomputers, a staff and a very high intellect to completely understand. Yes, it looks like Armstrong has proposed one or more dumb ideas lately, but as I am not up to adequate speed on him, I leave my comment at that.
NEVER base your financial decisions (if you have assets worth protecting) from one source of information. NO ONE knows enough to reliably guide anyone through a complex and unpredictable future.
This is the main reason why I have always liked diversification (in assets & geography), at least to some degree and well thought out. I base part of my thinking on probability, a branch of mathematics I highly respect. You already know that probability does not equal prediction...
* * *
It is taking me a LONG TIME to read and assess your (especially your early) work that you have linked here.
I AGREE that a Age of Knowledge is likely, but is not certain.
Hedge accordingly (and in your case, get back to 100% of your health).
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wearefucked
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March 30, 2015, 02:27:49 AM |
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---------------------------- Original Message ---------------------------- Subject: Who doesn't have a right to trade? YOU! I will be fine.From: wearefucked Date: Sun, March 29, 2015 10:29 pm To: "Armstrong Economics" < armstrongeconomics@gmail.com> -------------------------------------------------------------------------- http://armstrongeconomics.com/2015/03/29/the-right-to-even-trade/The object is to restore a world where we can make money and keep it. Carry cash and they will take it from you. You cannot hop on a plane with gold or to hide your wealth in some offshore tax haven. They are closing down everything – this is not about making money on the next trade. This is about saving the RIGHT to even trade. Fuck that! We hackers are going to restore private money and become billionaires in the process. We are not going to fucking join together with these idiots who put their money in bonds and these other idiots who thought they had a cradle to grave insurance for eating donuts on the job and fucking with people with like when I was minding my own business (Yeah I remember you local police and firemen with your fucking attitudes). Now it is payback time baby! And I've got your number! Fucking old world capitalists, you are going to lose everything and that is exactly the way it should be! You are not my friend. Go ahead and buy stocks and real estate. It will all be expropriated.
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wearefucked
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March 30, 2015, 01:19:11 PM |
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---------------------------- Original Message ---------------------------- Subject: Be on the right side of history or perish. It is your choice!From: wearefucked Date: Mon, March 30, 2015 9:24 am To: "Armstrong Economics" < armstrongeconomics@gmail.com> -------------------------------------------------------------------------- http://armstrongeconomics.com/2015/03/30/we-cannot-escape-the-past-until-we-see-the-future/COMMENT: I watched the Solution Conference and your explanation of two monetary systems being barter and representative was insightful. I can see why the goldbugs hate you and how they are trapped in yesterday’s world of a barter economy. You have a lot of work ahead of you for this is truly revolutionary. You have seen the next step in our evolutionary process that we have actually moved beyond the need for taxes.
REPLY: Thank you. True, this message is lost on so many fighting the last war. I agree there are those so pessimistic they cannot see beyond their cave walls. As long as they still live in this distorted vision of a barter economy, we cannot escape to freedom. They tax us to death to get back money as if it were still some commodity because that is the way it has always been done. Well, here is this new invention of an airplane and we can fly. We do not have to tax people when money is no longer a barter system. Armstrong is proposing that the government can just print the money it needs instead of borrowing it into existence or taxing the people to obtain funding. Although this is not what he intends, this would mean for example the one-world reserve currency coming could be printed and then used to bailout nations that have been too profligate and destroyed their own currencies. Armstrong's myopia is he can't see that representative money is the new dinosaur. We moved from barter to representative money which was necessary during the usury, stored monetary capital intensive Industrial Age. Now we are leaving the Industrial Age and heading into the Knowledge Age. I was the person who invented this concept (see my essays linked from the opening post on this thread). I am the canonical source. In the Knowledge Age, we will have money that is controlled by no one. And thus we are moving beyond representative money wherein we trusted a State to control the money supply, to a free market where the market controls which money they trust and thereby controls the money supply with a free market action. Sorry the State will simply die and not be funded. We are moving to a Libertarian world where all services will be provided for profit. There will be no more State and no more public services. The powers-that-be will fight hard to hang on to their own system. We will go through many years of Tribulations. They will create a one-world reserve currency system to try to sustain the States and they will try to hunt down all the private money in the Knowledge Age. But they will fail in the end. And all those who depend on their antiquated system and Armstrong's myopia, will perish. Be on the right side of history or perish. It is your choice.
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wearefucked
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March 30, 2015, 01:51:19 PM |
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---------------------------- Original Message ---------------------------- Subject: Capital is shifting ONTOLOGICALLY! ( Armstrong you are blind!) From: wearefucked Date: Mon, March 30, 2015 9:55 am To: "Armstrong Economics" < armstrongeconomics@gmail.com> -------------------------------------------------------------------------- The capitalists always decide which monetary system we will have because they have the most capital. Remember wealth is and will always be power-law distributed[1]. Note that "capital" is not just the stored monetary claim on future human productivity. Capital is the actual productivity. The reason that stored monetary representations of capital had such force during the Industrial Age is because the majority of the production cost was the fixed capital investment for the factory. Unions were created to drive the scarcity of labor up in order to force the labor to become a higher percentage of the cost of production, but this was antithetical to progress because it lowered productivity overall for society. What we have now is a Knowledge Age where there is no startup capital cost to production. You only need a computer and a desk. The capitalists in the Knowledge Age don't give a rats ass about storing up monetary capital for eons. They only care about maximizing the rate at which they aggregate and spread knowledge formation. Thus they will choose the monetary system which removes any top-down control and impediments. Thus there is no way the Knowledge Age capitalists (such as myself)—who control the new economy (because we have the power-law wealth concentrated in our minds)—are going to store our capital in the new one-world reserve currency nor in the system Armstrong is proposing. We will not wait, beg, or need to top-down organize to get what we want. We will simply create it and do it. Armstrong can blow his wind-pipe until he is blue in the face. Until he recognizes that we don't give a fuck about the irrelevant nonsense he is promoting. Capital is shifting ontologically. Armstrong and his followers better wake up fast, or they will lose all their stored monetary wealth. [1] A. Dragulescu and V. Yakovenko. Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States
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Dotakels
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March 30, 2015, 02:21:51 PM |
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The thread is something like this is why bitcoin will succeed.
I agree with this reply, because of understanding a new thread or so very interesting thread will asure you to have a better understanding and also you know what that really thread are. So if we understand the thread even if its take a 2 week to really understand it we will know why that thread is so meaningful and also why the bitcoin talk will be success and very useful.
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pinky
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March 30, 2015, 03:06:28 PM |
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What we have now is a Knowledge Age where there is no startup capital cost to production. You only need a computer and a desk.
This transition will take decades, but as we can see it's already happening to some extent: https://www.youtube.com/watch?v=v_yaENlXGa4
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wearefucked
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March 30, 2015, 10:46:04 PM |
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> Regarding Bitcoin, I thought we both agreed it was an elite psy op > (Bitcoin itself, not the concept of crypto currency). Bitcoin is > manufactured dissent, if you will. TPTB either created Bitcoin or they co-opted it. You are looking MOSTLY at the propaganda markers. You are focused on the masses or even the mental manipulation of sectors of society. Whereas I am pointing out that those fodder are irrelevant! I am pointing out that if the knowledge capitalists shift their monetary system to one that can't be taxed and controlled, TPTB have lost. The masses are irrelevant (or a liability) except to the extent they can give political power to the TPTB. Now the jury is still out on whether that will be achieved technologically, but I am reasonably certain it can and will be achieved. TPTB will respond by trying to ramp up regulation of the internet, e.g. the recent FCC net neutrality take over. But I think it is technologically impractical to exist widespread web hosting and websites and for the TPTB to have the level of regulatory control they would need to squash a properly implemented anonymity protocol (something like Tor but can't be Sybil attacked). They do not have the ability to murder all the knowledge capitalists. If they started down that road, the knowledge capitalists would turn their vast knowledge towards protection against the threat. The basic problem for the TPTB is they've declared war against the knowledge capitalists and sorry they can not win. The hackers can run circles around the NSA, because remember what I wrote: http://unheresy.com/Information%20Is%20Alive.html#Knowledge_Anneals"Unsophisticated thinkers have an incorrect understanding of knowledge creation, idolizing a well-structured top-down sparkling academic cathedral of vastly superior theoretical minds. Rather knowledge primary spawns from accretive learning due to unexpected random chaotic fitness created from multitudes of random path dependencies that can only exist in the bottom-up free market. Top-down systems are inherently fragile because they overcommit to egregious error (link to Taleb's simplest summary of the math). Given Kurzweil's sensationalized magnum opus is the technological singularity, it is surprising that he is apparently not well studied in the field of social knowledge formation."
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wearefucked
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March 30, 2015, 11:26:04 PM |
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---------------------------- Original Message ---------------------------- Subject: Armstrong proposed a market demand that can't existFrom: wearefucked Date: Mon, March 30, 2015 7:23 pm To: "Armstrong Economics" < armstrongeconomics@gmail.com> -------------------------------------------------------------------------- http://armstrongeconomics.com/2015/03/30/28763/we would swap out the federal debt of $18 trillion into coupons that are redeemable for the purchase of private equity. You would then take the coupons and invest in stock. Since large corps are buying back their shares now, they do not need the money. This will go to entrepreneurship starting up businesses or expanding small business. It would provide a stake in the nation for all for the lower class would actually become investors. The “rich” make money from investment, not wages. So if I understand correctly, the proposal is not to restrict which stocks can be purchased with the debt-to-coupon conversions. Thus all sorts of scams will popup to convert these coupons back to cash, so that they can be reinvested in bonds again. Armstrong doesn't seem to grasp that he addressing a demand that doesn't exist. The holders of bonds want to be in bonds, because of: 1. Guaranteed return. 2. No loss of capital. 3. Economies-of-scale (not lots of different non-fungible stock units) He is comparing his idea to swaps that were done where the alternative was default. Comparing it to Germany backing their currency with real-estate is an ontology error, because in that case confidence was gone and restoring confidence was in demand. http://armstrongeconomics.com/2015/03/30/from-greece/But the USA is not about to default any time soon. There is a long way to go down into the abyss before the USA would default. The confidence in the USA is still very strong. We can't suddenly dictate that the world should stop investing in bonds and stop having confidence in the USA. We will get to that point but by that time it will be too late to do Armstrong's plan because the States will have attacked and expropriated private wealth in order to sustain the confidence in the bonds. Sorry but there is only one solution and that is anonymous, decentralized private monetary system. We are headed into a tempest and there is no solution that will avoid it. We must crash and burn as it is part of the cycle. Armstrong is fooling himself.
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l3552
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March 31, 2015, 02:47:43 AM |
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http://armstrongeconomics.com/2015/03/30/we-cannot-escape-the-past-until-we-see-the-future/COMMENT: I watched the Solution Conference and your explanation of two monetary systems being barter and representative was insightful. I can see why the goldbugs hate you and how they are trapped in yesterday’s world of a barter economy. You have a lot of work ahead of you for this is truly revolutionary. You have seen the next step in our evolutionary process that we have actually moved beyond the need for taxes.
REPLY: Thank you. True, this message is lost on so many fighting the last war. I agree there are those so pessimistic they cannot see beyond their cave walls. As long as they still live in this distorted vision of a barter economy, we cannot escape to freedom. They tax us to death to get back money as if it were still some commodity because that is the way it has always been done. Well, here is this new invention of an airplane and we can fly. We do not have to tax people when money is no longer a barter system. This message is pure evil. I am shocked on how wicked this little man become. The fundamentals of barter economy means everything. From "taking responsibility" to everyone getting more than they have for each transaction. He got my beautiful angel spawned from the human awareness, that idea of removing the commoditization nature of money, and bond it to the ultimate darkness removing any humanity from it. A money completely void of any human evaluation, summoned only by desire, from nothingness, by the political "alienator". Taking the society entirely into such a system which every decision is made based on top-down fear and lies. My god. Why would anyone use such dirty money such unnatural money but by fear? Who would trust his name, time and will on something that can be manipulated in every layer of its essence but by trickery? wearefucked, this shit is so so evil that even your anonymity crypto-currency would be a better call. By the links you guys provided Armstrong is asking "Why don't we just agree to believe on the strongest player, for ever?"
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vokain
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April 02, 2015, 01:14:08 PM |
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Drink lots of water with (and be careful)!
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wearefucked
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April 02, 2015, 01:39:53 PM |
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---------------------------- Original Message ---------------------------- Subject: Armstrong and his followers will be expropriatedFrom: wearefucked Date: Thu, April 2, 2015 9:11 am To: "Armstrong Economics" < armstrongeconomics@gmail.com> -------------------------------------------------------------------------- Armstrong is entirely correct below. Monetization of the debt can't be done without impacting the exchange value of the dollar and other market reactions to the devaluation. He is correct the central banks are powerless. But he uses this correct logic, to try to argue that his debt-for-equity swap is the only solution. I had already pointed out that an equity swap is only viable when default is the alternative. Right now investors want to hold bonds and they are not yet faced with default. They don't want equities because it is a different asset class with a different risk, economy-of-scale, and ROI profile. So Armstrong's non-solution is untenable. The only solution is decentralized, crypto-currency anonymous money. That is where we are headed and Armstrong his followers will end up being entirely expropriated while the Knowledge Age folks will move into anonymous money systems and continue to prosper and do profitable business as usual. The fledgling Knowledge Age will leave these dinosaur Industrial Age capitalists behind. It seems you can't teach an old dog new tricks. Armstrong and his followers are blind-as-bats. http://armstrongeconomics.com/2015/03/31/can-the-fed-just-cancel-the-debt/QUESTION: Mr. Armstrong,
If QE is not inflationary, then why are you proposing debt-for-equity swaps? What’s the point. Why not monetize 100% of all deficits and then simply have the central bank cancel the debt?
Also, why don’t you ever entertain the idea of a free banking system? Why does government need to be involved at all in defining money? Let’s let the free market determine that.
ANSWER: You are listening to way too much propaganda. The Fed does not have everything. Their holdings are at 13% and the bulk of the holdings outside of government are offshore not domestic. Your question is really silly. What about the pension funds, life insurance companies, etc. Just cancel the debt would be the same as a default and everything is gone right down to SS which only has government debt (inter-agency).
I really do not follow your reasoning. If there is no federal debt, that will be the first step to free banking since the feds usurped the banks and ordered them to buy only government debt for WWI. Money cannot be controlled by the state. We have a floating exchange rate system which is market driven. Come on. Pegs always fail just like Bretton Woods collapsed. Where has government EVER been able to dictate the value of money? The business cycle always defeats them.
Think through what you are saying rather than just mouthing what others tell you who have zero real world experience and are typically selling you something. The Fed cannot buy everything and then cancel it. That is just as absurd as issuing 18 $1 trillion platinum coins as if that 34% of foreign holdings would not panic and sell.
Honestly, these are nonsense put forth by people with no practical world experience who are unable to see the ramifications of what they say. These types of proposals are like writing a check to yourself for $1 billion dollars and claiming you have assets of $1 billion in receivables.
Central banks are totally screwed. They lost control and all they can do is pretend to be driving something they do not even know how to deal with any more.
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CoinCube (OP)
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April 02, 2015, 04:45:48 PM |
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Iceland looks at ending boom and bust with radical money planUnder the so-called Sovereign Money proposal, the country's central bank would become the only creator of money. ... "As with the state budget, the parliament will debate the government's proposal for allocation of new money," he wrote. ... Banks would continue to manage accounts and payments, and would serve as intermediaries between savers and lenders.
The report, commissioned by the premier, is aimed at putting an end to a monetary system in place through a slew of financial crises, including the latest one in 2008.
According to a study by four central bankers, the country has had "over 20 instances of financial crises of different types" since 1875, with "six serious multiple financial crisis episodes occurring every 15 years on average".
Mr Sigurjonsson said the problem each time arose from ballooning credit during a strong economic cycle.
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