MoonShadow (OP)
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Activity: 1708
Merit: 1007
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May 10, 2011, 11:54:36 PM |
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"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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PwrLeveld
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Activity: 336
Merit: 10
Computta Mine Your Own BTC
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May 11, 2011, 12:40:29 AM |
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Too much word, not enough intrest  . So can someone sumarize this for me please. |
Dear GOD/GODS and/or MEMBERS OF SUPER-INTELLIGENT ALIEN CIVILIZATIONS: Please let CHAUL JHIN KIM win the NEW ZEALAND POWERBALL JACKPOT. He will use the money to set up his own RESEARCH LAB and find the CURES for CANCER and AGING! He will release the CURES into the PUBLIC DOMAIN! (a la Jonas Salk) EVERYONE regardless of wealth will no longer need to SUFFER! CHILDHOOD CANCER will also be HISTORY! Thank you! - A Faithful Believer. P.S. If anyone is reading this then please pray with me!
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asdf
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May 11, 2011, 07:58:22 AM |
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Too much word, not enough intrest . So can someone sumarize this for me please. tl;dr: they created the euro, blah blah blah blah, some shit happened, lisbon treaty, blah blah blah blah, here we are today. |
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MoonShadow (OP)
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Activity: 1708
Merit: 1007
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May 11, 2011, 12:45:48 PM |
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Too much word, not enough intrest . So can someone sumarize this for me please. The article is largely about how the Euro was intended to unite Europe economicly and politically, and is failing economicly in part because currencies are not political. |
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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PwrLeveld
Member
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Activity: 336
Merit: 10
Computta Mine Your Own BTC
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May 11, 2011, 07:39:59 PM |
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Oh, that makes sense. Honestly, I like that(as far as I know was ineurope around 3 yrs ago) Hungary didn't adopt the euro. It makes them unique as it is their currency and not some generic european currency.
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Dear GOD/GODS and/or MEMBERS OF SUPER-INTELLIGENT ALIEN CIVILIZATIONS: Please let CHAUL JHIN KIM win the NEW ZEALAND POWERBALL JACKPOT. He will use the money to set up his own RESEARCH LAB and find the CURES for CANCER and AGING! He will release the CURES into the PUBLIC DOMAIN! (a la Jonas Salk) EVERYONE regardless of wealth will no longer need to SUFFER! CHILDHOOD CANCER will also be HISTORY! Thank you! - A Faithful Believer. P.S. If anyone is reading this then please pray with me!
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cypherdoc
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Activity: 1764
Merit: 1002
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May 11, 2011, 10:00:21 PM |
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Too much word, not enough intrest . So can someone sumarize this for me please. The article is largely about how the Euro was intended to unite Europe economicly and politically, and is failing economicly in part because currencies are not political. whats going on in Europe is quite relevant to what happens here in the US. the increasing yields on the PIGS debt is crushing economic activity in these countries and their citizens are getting tired of austerity measures (as they should) inflicted by the IMF/banks (who are the ones who really should be getting austere) as evidenced by today's riots in Greece. the situation is hopeless b/c GDP's continue to drop and increasingly larger actors are at risk of default (Spain). this is the problem with debt based money; eventually the interest payments engulf all productive output. bad debt litters the balance sheets of every country. this is a worldwide system design flaw and stems primarily from letting one private interest group (bankers) control the currency issuance of their respective countries thru their central banks. as yields rise, GDP falls, forcing yet higher yields, and further economic contraction. WE HAVE HIT THE WALL in terms of debt saturation b/c the banks refused to take their losses and instead dumped it onto govt's (the people). this is why small business surveys have been terrible. the Euro was doomed from the beginning. trying to force together different cultures, attitudes, and work ethics isn't possible just b/c u fuse the currencies into one. certain groups will always be lazier than others and will seek to get somethin for nothin. The PIGs were happy to borrow at the lower rates grandfathered to them by the Northern countries; not only did they build their Club Meds, they actively used them. the Germans and French foolishly lent them unGodly sums of money to do this (very profitably to the banks) and when the loans went bad just dumped them onto the ppl. where have we heard this before? they keep threatening the PIGs as if their countries will break off Europe and sink to the bottom of the ocean when everyone knows eventually the default is coming and its the PIGs only salvation. CDS are rising again as is my short on the Euro. i think the flash point will be Ireland, maybe Greece, in terms of who will default first. even a restructuring is a huge blow to the euro. its coming and i happen to think its here. Europe is the reason why i don't believe in a one world currency like the gold bugs espouse. its just not possible. we are a diverse world of peoples with different idea and needs. this is why gold and silver are starting to drop and the stock market will reverse down. its time. batten down the hatches. |
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FreeMoney
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Activity: 1246
Merit: 1014
Strength in numbers
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May 12, 2011, 12:11:44 AM |
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the Euro was doomed from the beginning. trying to force together different cultures, attitudes, and work ethics isn't possible just b/c u fuse the currencies into one. certain groups will always be lazier than others and will seek to get somethin for nothin.
I think you are right about this.
Europe is the reason why i don't believe in a one world currency like the gold bugs espouse. its just not possible. we are a diverse world of peoples with different idea and needs. this is why gold and silver are starting to drop and the stock market will reverse down. its time. batten down the hatches.
But not this. Fiat (as in backed by force, not by consensus) is the mechanism by which some gain at the expense of others. Having a group who can debase your savings is bad enough, as the overlords are farther removed socially they will abuse you worse and worse. But this power just doesn't exist with gold. I'm not talking about a gold standard. A government promise for gold isn't "as good as gold". I'm talking about free people choosing gold. I don't think they will choose gold now, fwiw, Bitcoin is just better. |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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asdf
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May 12, 2011, 12:18:27 AM |
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Europe is the reason why i don't believe in a one world currency like the gold bugs espouse. its just not possible. we are a diverse world of peoples with different idea and needs. this is why gold and silver are starting to drop and the stock market will reverse down. its time. batten down the hatches.
You highlight the flaws in fiat currency then apply them to gold as reasoning why gold can't work as a global currency. Straw man. Not that I'm for a global currency. The free market should decide what currencies dominate, but we live in a world of state mandated fiat paper which won't let this happen, for now. |
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cypherdoc
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Activity: 1764
Merit: 1002
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May 12, 2011, 02:07:40 AM |
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the Euro was doomed from the beginning. trying to force together different cultures, attitudes, and work ethics isn't possible just b/c u fuse the currencies into one. certain groups will always be lazier than others and will seek to get somethin for nothin.
I think you are right about this.
Europe is the reason why i don't believe in a one world currency like the gold bugs espouse. its just not possible. we are a diverse world of peoples with different idea and needs. this is why gold and silver are starting to drop and the stock market will reverse down. its time. batten down the hatches.
But not this. Fiat (as in backed by force, not by consensus) is the mechanism by which some gain at the expense of others. Having a group who can debase your savings is bad enough, as the overlords are farther removed socially they will abuse you worse and worse. But this power just doesn't exist with gold. I'm not talking about a gold standard. A government promise for gold isn't "as good as gold". I'm talking about free people choosing gold. I don't think they will choose gold now, fwiw, Bitcoin is just better. i don't think i articulated this part very well. i believe that the global elite would wish to impose a one world FIAT currency upon us all as this would be their ideal way of imposing inflation upon the people of the world. they could devalue that one world fiat currency to their own benefit just as they have the individual currencies to date. we would all be trapped and not able to escape to foreign currencies b/c there would be none. then the choice becomes whether gold or silver would be an escape hatch for the people. i used to think, before Bitcoin, that this would be a way of saving ourselves from this imposed one world currency which is why i accumulated gold and silver btwn 2005-2008. but is has always bothered me that i can't transport it with me out of the country or perform long distance (or short distance for that matter) transactions with it. Bitcoin has lit a bulb in my head over the last 2 mo and i sold several bags of silver at the top and am accumulating btc. I think that Bitcoin is the new digital gold and has the potential to be a game changer to overthrow the banksters of the world. |
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cypherdoc
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Activity: 1764
Merit: 1002
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May 12, 2011, 02:11:24 AM |
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Europe is the reason why i don't believe in a one world currency like the gold bugs espouse. its just not possible. we are a diverse world of peoples with different idea and needs. this is why gold and silver are starting to drop and the stock market will reverse down. its time. batten down the hatches.
You highlight the flaws in fiat currency then apply them to gold as reasoning why gold can't work as a global currency. Straw man. Not that I'm for a global currency. The free market should decide what currencies dominate, but we live in a world of state mandated fiat paper which won't let this happen, for now. well that certainly is the question, isn't it? can the State prevent bitcoin from becoming THE global currency? if its as impregnable as we all seem to think, then they won't be able to stop it. certainly gold did work as a global currency once upon a time. but i don't think it works in todays world of the Internet. information and financial tx's are just moving too fast for gold to be practical. this is why i am bullish on btc. |
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