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Im wondering if the 100k forecasts will hold true.
also it has kind of a troubling relationship with eth, because in the end there might only be room for 1. If one coin can do everything.
Its a good thing tho bc it puts pressure on the fed to stop printing so much fucking money. I think inflation is going to hit hard at some point.
so much to say, go get a degree in Economics and it will make so much sense. Fractional reserve is (was—thanks COVID) one of the longest standing scams of the financial system. It used to be that banks needed to have 10% of capital (in the form of what it’s customers had in bank SAVINGS accounts) to every loan they write. So to give a customer a $300k home loan, the bank needs to have $30k in customers savings accounts to secure that loan. Now the bank lets say gets 4% interest on that loan—what cut do they give the customer in the form of their savings yield. A fraction of 1 fucking percent. You can get a money market account or a savings account thru your credit card company they might pay you 2.3% (literally the rate of inflation), so they can loan credit at 22%. It’s a huge scam, and people have been so brainwashed to believe they are making any amount of yield in savings accounts.
remember when I said fractional reserve USED to be biggest scam? Still is, but because of the COVID financial crisis, they literally eliminated the 10% capital requirement. Banks can now loan as much money as they want.
Bitcoin may be volatile, but if you have the timeframe of 3-4 years, it will appreciate in value because of a supply halvening built in where the miner block reward gets cut in half every 4 years. That’s all nerd talk you dont have to understand how the blockchain algorithm works, but understand that cash saved up literally loses value year over year. That’s why cash flush companies like Tesla are anchoring bitcoin into their cash positions.
and then there’s DeFi. No credit scores, nothing. You collateralize your bitcoin, get a loan through the smart contract, and get your bitcoin back when you pay off the loan. There is no bank—the people who provide the cash/tether or whatever token for the lian, get the interest that you pay. It literally eliminates the bank and gives us control of our money.
Every butt-coiner wants to believe that Bitcoin is fake money backed by nothing, not realizing pot calling kettle black as globally currencies are being created out of thin air to prop up the markets, even as interest rates are so low they’re literally negative in some countries including even US treasuries now. F’d. Bitcoin is only backed by—oh the entire world minus India, The United States is the stubborn 80 year old, go to Asia and tell us how imaginary it is...
if you get it, it will make so much sense and be a no brainer.
-emile-explain bitcoin to me.
theLiquorso much to say, go get a degree in Economics and it will make so much sense. Fractional reserve is (was—thanks COVID) one of the longest standing scams of the financial system. It used to be that banks needed to have 10% of capital (in the form of what it’s customers had in bank SAVINGS accounts) to every loan they write. So to give a customer a $300k home loan, the bank needs to have $30k in customers savings accounts to secure that loan. Now the bank lets say gets 4% interest on that loan—what cut do they give the customer in the form of their savings yield. A fraction of 1 fucking percent. You can get a money market account or a savings account thru your credit card company they might pay you 2.3% (literally the rate of inflation), so they can loan credit at 22%. It’s a huge scam, and people have been so brainwashed to believe they are making any amount of yield in savings accounts.remember when I said fractional reserve USED to be biggest scam? Still is, but because of the COVID financial crisis, they literally eliminated the 10% capital requirement. Banks can now loan as much money as they want.
Bitcoin may be volatile, but if you have the timeframe of 3-4 years, it will appreciate in value because of a supply halvening built in where the miner block reward gets cut in half every 4 years. That’s all nerd talk you dont have to understand how the blockchain algorithm works, but understand that cash saved up literally loses value year over year. That’s why cash flush companies like Tesla are anchoring bitcoin into their cash positions.
and then there’s DeFi. No credit scores, nothing. You collateralize your bitcoin, get a loan through the smart contract, and get your bitcoin back when you pay off the loan. There is no bank—the people who provide the cash/tether or whatever token for the lian, get the interest that you pay. It literally eliminates the bank and gives us control of our money.
Every butt-coiner wants to believe that Bitcoin is fake money backed by nothing, not realizing pot calling kettle black as globally currencies are being created out of thin air to prop up the markets, even as interest rates are so low they’re literally negative in some countries including even US treasuries now. F’d. Bitcoin is only backed by—oh the entire world minus India, The United States is the stubborn 80 year old, go to Asia and tell us how imaginary it is...
if you get it, it will make so much sense and be a no brainer.
The Fed printing money isn't creating value out of thin air. It simply devalues the wealth held in private hands. If the US wanted to pay off the national debt tomorrow for example, the Fed could just print a few trillion bucks, inflation would happen, and anyone who owns an asset would pay for their share by virtue of asset devaluation.
I get where people are coming from with the crypto argument and admire the want to control your assets more purely, but saying the dollar or the pound isn't backed by anything isn't really true. They are backed by economies that produce goods and services year after year after year. It's obviously not perfect, but it's not broken. Over-leveraging has bitten the players of that game many times in the past, it will again.
Finally, if people want more control over their own wealth, I'd advocate caution against empowering the least trusted people in the nation to write laws on how much they can forcibly take from you to spend on something else.
BTC has definitely hit mainstream. I would say currently the fundamentals do add up to its price. It is no longer the hype it was back in its bull run several years ago (looking back if you bought at the ATH back then you would still 3x ur investment). I would say 100K is a fair estimate. We already see several financial institutions warming up to the idea of cryptocurrency and many retail investors using it as another way to diversify. If institutional investors allocated 1-3% of their capital into crypto, I think we could see BTC go above 200K.
theLiquorso much to say, go get a degree in Economics and it will make so much sense. Fractional reserve is (was—thanks COVID) one of the longest standing scams of the financial system. It used to be that banks needed to have 10% of capital (in the form of what it’s customers had in bank SAVINGS accounts) to every loan they write. So to give a customer a $300k home loan, the bank needs to have $30k in customers savings accounts to secure that loan. Now the bank lets say gets 4% interest on that loan—what cut do they give the customer in the form of their savings yield. A fraction of 1 fucking percent. You can get a money market account or a savings account thru your credit card company they might pay you 2.3% (literally the rate of inflation), so they can loan credit at 22%. It’s a huge scam, and people have been so brainwashed to believe they are making any amount of yield in savings accounts.remember when I said fractional reserve USED to be biggest scam? Still is, but because of the COVID financial crisis, they literally eliminated the 10% capital requirement. Banks can now loan as much money as they want.
Bitcoin may be volatile, but if you have the timeframe of 3-4 years, it will appreciate in value because of a supply halvening built in where the miner block reward gets cut in half every 4 years. That’s all nerd talk you dont have to understand how the blockchain algorithm works, but understand that cash saved up literally loses value year over year. That’s why cash flush companies like Tesla are anchoring bitcoin into their cash positions.
and then there’s DeFi. No credit scores, nothing. You collateralize your bitcoin, get a loan through the smart contract, and get your bitcoin back when you pay off the loan. There is no bank—the people who provide the cash/tether or whatever token for the lian, get the interest that you pay. It literally eliminates the bank and gives us control of our money.
Every butt-coiner wants to believe that Bitcoin is fake money backed by nothing, not realizing pot calling kettle black as globally currencies are being created out of thin air to prop up the markets, even as interest rates are so low they’re literally negative in some countries including even US treasuries now. F’d. Bitcoin is only backed by—oh the entire world minus India, The United States is the stubborn 80 year old, go to Asia and tell us how imaginary it is...
if you get it, it will make so much sense and be a no brainer.
I'm in finance lol I just wanted another bitcoin ''investor'' to try to explain how bitcoin works when they actually have no clue
-emile-I'm in finance lol I just wanted another bitcoin ''investor'' to try to explain how bitcoin works when they actually have no clue
That’s a hot take from someone clueless about life who’s only experience with money is what some teacher tells them. Nice rebuttal BTW I dumbed down how BTC works for you and you’re still lost.
Your future is going to be either a HR Block tax jock, working in a Fidelity call center, or trying to con doctors into believing you know how to manage their money. My wife had a “financial adviser” for a year of two who told her to do things with her money I strongly disagreed with, but that just gave more incentive for us to keep our finances separate. And now who’s paying off somebody’s med school loans? No thanks to that “financial planning” my wife received—so i have a special disdain for hour types but please keep going on about how your so financially savvy with a piece of paper that says so
theLiquorThat’s a hot take from someone clueless about life who’s only experience with money is what some teacher tells them. Nice rebuttal BTW I dumbed down how BTC works for you and you’re still lost.Your future is going to be either a HR Block tax jock, working in a Fidelity call center, or trying to con doctors into believing you know how to manage their money. My wife had a “financial adviser” for a year of two who told her to do things with her money I strongly disagreed with, but that just gave more incentive for us to keep our finances separate. And now who’s paying off somebody’s med school loans? No thanks to that “financial planning” my wife received—so i have a special disdain for hour types but please keep going on about how your so financially savvy with a piece of paper that says so
Lmao why are you so pressed. my comment wasn't even aimed at you. thanks for your concern for my carreer but im doing fine so far. are you available for 1 on 1 tutoring about money and econ ?
My bad it seemed like your response to me was I know nothing about how Bitcoin works despite doing my best to give you the ELI5
-emile-Lmao why are you so pressed. my comment wasn't even aimed at you. thanks for your concern for my carreer but im doing fine so far. are you available for 1 on 1 tutoring about money and econ ?
theLiquorMy bad it seemed like your response to me was I know nothing about how Bitcoin works despite doing my best to give you the ELI5
no, I apreciate the effort my point was more that 94% of the people that preach about bitcoin actually have no idea how it even works and would look at you with a blank stare if you asked what a node was.
Probably the dumbest place to ask financial questions, but is now not the worst possible time to invest in anything?
I understand that bitcoin is a currency but I'd argue that people see it as an investment more than anything else.
Back to the question, it feels like with the housing bubble, unemployment/ layoffs, fraud in stocks, less regulations, inflation, a poor economy and wild speculative purchases combined with everyone talking about investing makes it feel like shits going to go down. When/ if shit hits the fan there is no way people will hold onto any coin or stock over their precious usd.
PoikenzProbably the dumbest place to ask financial questions, but is now not the worst possible time to invest in anything?I understand that bitcoin is a currency but I'd argue that people see it as an investment more than anything else.
Back to the question, it feels like with the housing bubble, unemployment/ layoffs, fraud in stocks, less regulations, inflation, a poor economy and wild speculative purchases combined with everyone talking about investing makes it feel like shits going to go down. When/ if shit hits the fan there is no way people will hold onto any coin or stock over their precious usd.
Bitcoin is kind of used as a store of value to protect against devaluation of fiat currencies.
Think gold.
The us dollar has deviated from the gold standard and 20% of the global USD supply was printed in 2020.
There is a finite numbers of bitcoin that can be mined, that's the appeal.
-emile-Bitcoin is kind of used as a store of value to protect against devaluation of fiat currencies.Think gold.
The us dollar has deviated from the gold standard and 20% of the global USD supply was printed in 2020.
There is a finite numbers of bitcoin that can be mined, that's the appeal.
I think you missed what I was getting at. I'd argue the vast majority of people are investing in btc because of the price appreciation AKA they don't want to use bitcoin for anything other than making them usd. If not that then probably for laundering money, but I doubt most people are in it for the "core values" of bitcoin.
It would appear so, but keep in mind equities are soaring because of the global inflationary money supply right now. Holding onto cash even in a “high yield” savings account or bonds is very costly right now. People have figured that out at least.
I sold 75% of my 401k, risky for sure but I’m hedged with all-in on BTC. If markets crash, I’ll come out ahead and buy lower on my retirement, and take an L on crypto. But if we get this runaway bubble, I predict even more people will see value in cryptocurrencies than heavily overbought stocks with high P/E and bitcoin/crypto will continue to outperform the markets.
PoikenzProbably the dumbest place to ask financial questions, but is now not the worst possible time to invest in anything?I understand that bitcoin is a currency but I'd argue that people see it as an investment more than anything else.
Back to the question, it feels like with the housing bubble, unemployment/ layoffs, fraud in stocks, less regulations, inflation, a poor economy and wild speculative purchases combined with everyone talking about investing makes it feel like shits going to go down. When/ if shit hits the fan there is no way people will hold onto any coin or stock over their precious usd.
theLiquorIt would appear so, but keep in mind equities are soaring because of the global inflationary money supply right now. Holding onto cash even in a “high yield” savings account or bonds is very costly right now. People have figured that out at least.I sold 75% of my 401k, risky for sure but I’m hedged with all-in on BTC. If markets crash, I’ll come out ahead and buy lower on my retirement, and take an L on crypto. But if we get this runaway bubble, I predict even more people will see value in cryptocurrencies than heavily overbought stocks with high P/E and bitcoin/crypto will continue to outperform the markets.
The referenced post has been removed.
I mainly look at market caps when considering if something is overvalued or undervalued.
bitcoin at 50k represents a 1 trillion dollar valuation, or about 150$ for every human on the planet. Im still not sure whether that is high or low but i do know that most ppl on earth dont make more than 100$ a yr
zuesBro its this invisible currency thats accepted almost nowhere thats purely speculated on by people who don't know what it is. It's backed by nothing and is useless if you lose power. It's fucking sick. Oh and you can buy drugs with it.
Not exactly, but close. If the dollar was to collapse, as it is doing because China keeps devaluing her currency, then a good alt. would be bitcoin due to proof of purchase and the cryptology behind it that prevents the middle-man usurer but in such a situation nobody would really care about some invisible coin that 15 year olds made 50 million off of because they clicked a button; bread or water would be more valuable currencies.
The dollar blows, even though the US is suppose to be a self-funding republic. They don't tell you that. They'd rather print all the money at low to no interest to their rich buddies and then inject credit into the economy where the middle/lower class pay higher interest for loans on top of taxes to pay back invisible debt and interest due to the FED even though the FED has the full backing of the US and they don't really need to charge interest.
Bitcoin is so cool if you made millions off of it and you want to tell everyone about it but in reality it's gay. I'm sure the treasury will find some way to curtail or takeover bitcoin, if it wasn't already a CIA project. That reminds me, who actually created bitcoin... nobody knows.
Fractional reserve is the cover. They don't even use a fractional reserve system anymore. There are no reserves backing any "money" (credit) that they print.
The US is a self-funding charter corporation.
That's why I laugh at the GOP when they say we have to balance the budget. No, what you do is just write on another account book. That's what Jackson did and Jackson was a slave owning racist scumbag who appointed inbred bankers to pay off the "debt" to another inbred banking house, Barring and Co.
You cannot be in debt to yourself.
What is really happening here is that mammon worshipers want to keep the lower classes in check so they implemented this fictional but "really personally felt" permanent public debt system and use the common man as collateral. The problem is we have a bunch of unelected scumbags in power and worse, those we thought we did elect, really were illegally but legally by their internal private corp rules selected by the DNC and GOP corporations who incorporate their candidates and have US Corp. show elections where your representatives (if they receive any lobby money from anyone, they are NOT your representatives, period) are most likely traded on the D and B database, RON PAUL was; select the Executive officer of US corp.
That's the actual truth and every corporate lawyer knows this.
I say we strive for a mathematical perfected economy that ebbs and flows with supply and demand. Get rid of the middleman.
Since the revolution, over 200 years ago, the colonists lost against the revolutionists (history they don't teach you); these revolutionary founders and so-called "constitutionalists" were really just land speculators, bankers and corporate lawyers—not one mechanic or farmer had any say—who wanted to protect their assets from the masonic East India company and the Freemasonic lodge in England. Unfortunately for us, they did protect their assets but also allowed Association Inc. which came from the East India Company and later changed to the Massachusetts Bay corporation, to take over the commonwealth of Massachusets; just a simple name change and the wooden teeth people were able to commercially retake what the colonists thought they owned.
John Quincy Adams said whoever stands against the Republic (charter corp.) should be executed. So much for the 1st amendment.
That's exactly what Benjamin Lincoln and his masonic Revolutionists from the neo-masonic Order of Cincinnatus (Washington was a member) did to Shay's regulators who were fed up with a bunch of banker scumbags calling in their loans and asking their debtors to pay them back in Gold when they had none and after these bankers destroyed the currency and bailed out all their rich friends.
So, Shay's Rebellion was the real deal. The revolution was merely a fight between two corporations and the colonists caught in the crosshairs.
The St. Andrew masonic lodge, however, won and created hundreds of new lodges/secret societies (corporations) in the US and then hired mercenaries to destroy anyone who didn't adhere to their tax codes or rules.
The entire idea of permanent public debt by Hamilton and his pupils was to financialize every aspect of society.
Everyone should at least be looking to get Bitcoin, Gold (despite being manipulated) and Silver. Also, simple assets you have such as property are essential. I sort of agree that Bitcoin is ingenious but I have this odd feeling that it could be hijacked and taken over.
theLiquorso much to say, go get a degree in Economics and it will make so much sense. Fractional reserve is (was—thanks COVID) one of the longest standing scams of the financial system. It used to be that banks needed to have 10% of capital (in the form of what it’s customers had in bank SAVINGS accounts) to every loan they write. So to give a customer a $300k home loan, the bank needs to have $30k in customers savings accounts to secure that loan. Now the bank lets say gets 4% interest on that loan—what cut do they give the customer in the form of their savings yield. A fraction of 1 fucking percent. You can get a money market account or a savings account thru your credit card company they might pay you 2.3% (literally the rate of inflation), so they can loan credit at 22%. It’s a huge scam, and people have been so brainwashed to believe they are making any amount of yield in savings accounts.remember when I said fractional reserve USED to be biggest scam? Still is, but because of the COVID financial crisis, they literally eliminated the 10% capital requirement. Banks can now loan as much money as they want.
Bitcoin may be volatile, but if you have the timeframe of 3-4 years, it will appreciate in value because of a supply halvening built in where the miner block reward gets cut in half every 4 years. That’s all nerd talk you dont have to understand how the blockchain algorithm works, but understand that cash saved up literally loses value year over year. That’s why cash flush companies like Tesla are anchoring bitcoin into their cash positions.
and then there’s DeFi. No credit scores, nothing. You collateralize your bitcoin, get a loan through the smart contract, and get your bitcoin back when you pay off the loan. There is no bank—the people who provide the cash/tether or whatever token for the lian, get the interest that you pay. It literally eliminates the bank and gives us control of our money.
Every butt-coiner wants to believe that Bitcoin is fake money backed by nothing, not realizing pot calling kettle black as globally currencies are being created out of thin air to prop up the markets, even as interest rates are so low they’re literally negative in some countries including even US treasuries now. F’d. Bitcoin is only backed by—oh the entire world minus India, The United States is the stubborn 80 year old, go to Asia and tell us how imaginary it is...
if you get it, it will make so much sense and be a no brainer.
Dustin.The Fed printing money isn't creating value out of thin air. It simply devalues the wealth held in private hands. If the US wanted to pay off the national debt tomorrow for example, the Fed could just print a few trillion bucks, inflation would happen, and anyone who owns an asset would pay for their share by virtue of asset devaluation.I get where people are coming from with the crypto argument and admire the want to control your assets more purely, but saying the dollar or the pound isn't backed by anything isn't really true. They are backed by economies that produce goods and services year after year after year. It's obviously not perfect, but it's not broken. Over-leveraging has bitten the players of that game many times in the past, it will again.
Finally, if people want more control over their own wealth, I'd advocate caution against empowering the least trusted people in the nation to write laws on how much they can forcibly take from you to spend on something else.
I want to stay in power... keep the sham of progress going... collapse economy, bailout your friends, lower asset prices, asset strip everything, buy up small businesses, inject credit back into economy, repeat again in 10-25 years.
It's, weird, or no, to have this inflation in a nation that routenly destroys paper dollars by the millions everyday as a self-funding charter corporation.
In fact, the common man used as collateral to pay back this illusionary debt in taxation is not needed at all.
Government could just fiat credit loans to itself to pay for everything. US corporation has an infinite supply for the ever increasing demand for Federal Reserve Notes (which you and I don't own) and US Mint Coins and other Debt Instruments.
What would be best for this nation? If the rich leave. Yes. They should leave, as they are the biggest leeches of our entire society, having sucked up and hoarded all the wealth for themselves thru their rigged "markets".
https://pbs.twimg.com/media/Ef0FrfiUMAELY2I?format=jpg&name=900x900
https://pbs.twimg.com/media/Ef0Fr9dU4AAreVs?format=jpg&name=small
https://pbs.twimg.com/media/Ed9fr0LU4AAAiYu?format=jpg&name=small
https://pbs.twimg.com/media/Ed9fr6jUcAAARnf?format=jpg&name=small
https://pbs.twimg.com/media/EeBa_GoU0AYl3KA?format=jpg&name=small
https://pbs.twimg.com/media/EeCDFvFUcAAaCIW?format=jpg&name=small
qazwsxedc34Not exactly, but close. If the dollar was to collapse, as it is doing because China keeps devaluing her currency, then a good alt. would be bitcoin due to proof of purchase and the cryptology behind it that prevents the middle-man usurer but in such a situation nobody would really care about some invisible coin that 15 year olds made 50 million off of because they clicked a button; bread or water would be more valuable currencies.The dollar blows, even though the US is suppose to be a self-funding republic. They don't tell you that. They'd rather print all the money at low to no interest to their rich buddies and then inject credit into the economy where the middle/lower class pay higher interest for loans on top of taxes to pay back invisible debt and interest due to the FED even though the FED has the full backing of the US and they don't really need to charge interest.
Bitcoin is so cool if you made millions off of it and you want to tell everyone about it but in reality it's gay. I'm sure the treasury will find some way to curtail or takeover bitcoin, if it wasn't already a CIA project. That reminds me, who actually created bitcoin... nobody knows.
I was buying hundreds of them in 2011-2012 on Silk Road to feed my cocaine addiction. I’m a little bitter about it. But all in all I’m glad that I no longer have a cocaine addiction and that I’m not in prison.
so in reality I’m much more thankful and happy than bitter about it.
qazwsxedc34I want to stay in power... keep the sham of progress going... collapse economy, bailout your friends, lower asset prices, asset strip everything, buy up small businesses, inject credit back into economy, repeat again in 10-25 years.It's, weird, or no, to have this inflation in a nation that routenly destroys paper dollars by the millions everyday as a self-funding charter corporation.
In fact, the common man used as collateral to pay back this illusionary debt in taxation is not needed at all.
Government could just fiat credit loans to itself to pay for everything. US corporation has an infinite supply for the ever increasing demand for Federal Reserve Notes (which you and I don't own) and US Mint Coins and other Debt Instruments.
What would be best for this nation? If the rich leave. Yes. They should leave, as they are the biggest leeches of our entire society, having sucked up and hoarded all the wealth for themselves thru their rigged "markets".
https://pbs.twimg.com/media/Ef0FrfiUMAELY2I?format=jpg&name=900x900
https://pbs.twimg.com/media/Ef0Fr9dU4AAreVs?format=jpg&name=small
https://pbs.twimg.com/media/Ed9fr0LU4AAAiYu?format=jpg&name=small
https://pbs.twimg.com/media/Ed9fr6jUcAAARnf?format=jpg&name=small
https://pbs.twimg.com/media/EeBa_GoU0AYl3KA?format=jpg&name=small
https://pbs.twimg.com/media/EeCDFvFUcAAaCIW?format=jpg&name=small
This is some of the most retarded shit I've ever read. If you didn't get a gigantic fucking 0 in economics you overpaid for your education.
Dustin.This is some of the most retarded shit I've ever read. If you didn't get a gigantic fucking 0 in economics you overpaid for your education.
The US is a self-funding corporation and charter republic. You are and every other economist and congressmen and women are the retards.
Getting a zero in economics would be a swell thing because for the most part economics is just a sham to perpetuate plutocratic agendas.
Dustin.This is some of the most retarded shit I've ever read. If you didn't get a gigantic fucking 0 in economics you overpaid for your education.
Instead of acting like a douchebag you might want to pick up and read some "Flight of the Bumblebees", Bernard Mandeville, 1714 on "top-down private corporation interdependence upon population via enforced unity of social engineering" as well as Malthus, "Progress of Rents."
https://pbs.twimg.com/media/DVN8mSRUQAAmfKF?format=jpg
Others worth picking up are Mandeville, Malthus, Freneau, Hobbes, Phillip Freneau, Gerard Malynes (1622), Baron Pufendorf (1730), Ayliffe (1734). De Sade, B. F. Skinner, Malynes, Coke, Blackstone, Washington, Franklin, Godolphin on Admiralty are also a must.
We do know that "constitutional republic" (as neither America Inc. nor U.S. Corp. are "democracies") literally means in latin... "Charter Corporations" (res publicae, i.e., "The People", e.g., fictional "persons" i.e., Thomas Hobbes "Leviathan").
It took decades for China to open up her markets to the west and vice versa because they did not recognise the wests LEGAL PERSON fiction.
https://pbs.twimg.com/media/DiDYwuCU0AAI1ZA?format=jpg&name=900x900
https://pbs.twimg.com/media/DiDYViSUEAAizqf?format=jpg&name=900x900
https://pbs.twimg.com/media/DiDYY9uUcAAS5OD?format=jpg&name=900x900
https://pbs.twimg.com/media/DiDYcX_VMAAeJO2?format=jpg&name=900x90
https://pbs.twimg.com/media/DWW-s3fU0AEqSJQ?format=jpg&name=900x900
Leviathan by Hobbes (easier to read than Malynes...more of a "How to Make a Mega-Corp" book. His work was the newer version of Malynes (updated).
>And finally...if you REALLY want to get your mind messed up...the one, the only...BARON PUFENDORF! He is the basis for Washington, Franklin, Jefferson and a host more. He talks company time-travel with imaginary persons, etc.
https://pbs.twimg.com/media/DX1D6n9VoAU7JyO?format=jpg&name=small
https://pbs.twimg.com/media/DX1EG_GVAAEz7ff?format=jpg&name=900x900
https://pbs.twimg.com/media/DX1EuE3UMAAlhzM?format=jpg&name=small
Dustin.This is some of the most retarded shit I've ever read. If you didn't get a gigantic fucking 0 in economics you overpaid for your education.
Again, the linked photo above in thepost you said was retarded... read T. Cushing Daniel's books.
Democrat or Republican means "party???" no, of course not, they are private for-profit corporations serving US CORP.
Banking, state, city and county corporations (private for-profit revenue generators in probate districts) are what the colonists fought against and what the revolutionists fought for..but...nobody cares now.
https://pbs.twimg.com/media/DVaxtYyX4AEtitd?format=jpg&name=medium
https://pbs.twimg.com/media/DVaxxSRW4AEbxcA?format=jpg&name=medium
https://pbs.twimg.com/media/DVax0aaXcAA1Sz-?format=jpg&name=medium
https://pbs.twimg.com/media/DVax3_2W0As7vWa?format=jpg&name=medium
Yet, U.S. Inc. has a constitution for internal company policy making it self-funding with a sub-franchise treasury...yet...are supposedly broke using the for-profit private Fed Reserve corp?
In a self-funding corporation such as U.S. Inc., they have to act like they can't pay for that stuff. Because if you started demanding the same handouts as Raytheon, Walmart or DARPA/Lockheed who kickback to congressman grifters, who would fight the company colony wars?
https://pbs.twimg.com/media/DVaurmoWsAAQwMi?format=jpg&name=small
https://pbs.twimg.com/media/DVaynToWAAEDYlP?format=jpg&name=small
https://pbs.twimg.com/media/DVayy1UW4AAgSx2?format=jpg&name=small
https://pbs.twimg.com/media/DVay3HWW4AAcv8G?format=jpg&name=small
Askin' how so and so is rich, but other dude over there is poor, etc. Nope. That will mess stuff up. Don't ask those questions!!!!
https://pbs.twimg.com/media/DVa01ZbWkAAvZl-?format=jpg&name=small
And this is why the poor remain poor:
https://pbs.twimg.com/media/Cl2bQsqUoAAtctE?format=jpg&name=small
qazwsxedc34The US is a self-funding corporation and charter republic. You are and every other economist and congressmen and women are the retards.Getting a zero in economics would be a swell thing because for the most part economics is just a sham to perpetuate plutocratic agendas.
Man, I feel you on this. I can’t tell if I’m stupid, or smart. But when people defend the economy saying the fed doesn’t print money (they must literally only be talking in a literal sense) and refer to repo markets, buying treasuries etc as if it makes a difference, makes me all the more positive it’s all bullshit.
so—you’re not printing money because you’re expanding credit—essentially giving more credit to people already maxed out—that will never be paid back, but that’s not printing money... ok
“As of January 13, 2021, the Federal Reserve has a portfolio totaling $7.3 trillion in assets, an increase of about $2.7 trillion from the $4.7 trillion total on March 18, 2020. Longer-term Treasury notes and bonds (excluding inflation-indexed securities) comprise about two-thirds of that expansion, with holdings of those two types of securities increasing from $2.2 trillion on March 18, 2020, to 4.0 trillion on January 13, 2021 — an increase of 87 percent.”
well fuck me sideways, crypto has a quarter of capital that the fed has. Is that the pillars i hear crumbling?
qazwsxedc34Again, the linked photo above in thepost you said was retarded... read T. Cushing Daniel's books.Democrat or Republican means "party???" no, of course not, they are private for-profit corporations serving US CORP.
Banking, state, city and county corporations (private for-profit revenue generators in probate districts) are what the colonists fought against and what the revolutionists fought for..but...nobody cares now.
https://pbs.twimg.com/media/DVaxtYyX4AEtitd?format=jpg&name=medium
https://pbs.twimg.com/media/DVaxxSRW4AEbxcA?format=jpg&name=medium
https://pbs.twimg.com/media/DVax0aaXcAA1Sz-?format=jpg&name=medium
https://pbs.twimg.com/media/DVax3_2W0As7vWa?format=jpg&name=medium
Yet, U.S. Inc. has a constitution for internal company policy making it self-funding with a sub-franchise treasury...yet...are supposedly broke using the for-profit private Fed Reserve corp?
In a self-funding corporation such as U.S. Inc., they have to act like they can't pay for that stuff. Because if you started demanding the same handouts as Raytheon, Walmart or DARPA/Lockheed who kickback to congressman grifters, who would fight the company colony wars?
https://pbs.twimg.com/media/DVaurmoWsAAQwMi?format=jpg&name=small
https://pbs.twimg.com/media/DVaynToWAAEDYlP?format=jpg&name=small
https://pbs.twimg.com/media/DVayy1UW4AAgSx2?format=jpg&name=small
https://pbs.twimg.com/media/DVay3HWW4AAcv8G?format=jpg&name=small
Askin' how so and so is rich, but other dude over there is poor, etc. Nope. That will mess stuff up. Don't ask those questions!!!!
https://pbs.twimg.com/media/DVa01ZbWkAAvZl-?format=jpg&name=small
And this is why the poor remain poor:
https://pbs.twimg.com/media/Cl2bQsqUoAAtctE?format=jpg&name=small
You are neither stating a point clearly nor supporting it effectively. This is just a bunch of information without a thesis. Apply for a journalism job immediately though, you are definitely qualified to do that.
qazwsxedc34Fractional reserve is the cover. They don't even use a fractional reserve system anymore. There are no reserves backing any "money" (credit) that they print.The US is a self-funding charter corporation.
That's why I laugh at the GOP when they say we have to balance the budget. No, what you do is just write on another account book. That's what Jackson did and Jackson was a slave owning racist scumbag who appointed inbred bankers to pay off the "debt" to another inbred banking house, Barring and Co.
You cannot be in debt to yourself.
What is really happening here is that mammon worshipers want to keep the lower classes in check so they implemented this fictional but "really personally felt" permanent public debt system and use the common man as collateral. The problem is we have a bunch of unelected scumbags in power and worse, those we thought we did elect, really were illegally but legally by their internal private corp rules selected by the DNC and GOP corporations who incorporate their candidates and have US Corp. show elections where your representatives (if they receive any lobby money from anyone, they are NOT your representatives, period) are most likely traded on the D and B database, RON PAUL was; select the Executive officer of US corp.
That's the actual truth and every corporate lawyer knows this.
I say we strive for a mathematical perfected economy that ebbs and flows with supply and demand. Get rid of the middleman.
Since the revolution, over 200 years ago, the colonists lost against the revolutionists (history they don't teach you); these revolutionary founders and so-called "constitutionalists" were really just land speculators, bankers and corporate lawyers—not one mechanic or farmer had any say—who wanted to protect their assets from the masonic East India company and the Freemasonic lodge in England. Unfortunately for us, they did protect their assets but also allowed Association Inc. which came from the East India Company and later changed to the Massachusetts Bay corporation, to take over the commonwealth of Massachusets; just a simple name change and the wooden teeth people were able to commercially retake what the colonists thought they owned.
John Quincy Adams said whoever stands against the Republic (charter corp.) should be executed. So much for the 1st amendment.
That's exactly what Benjamin Lincoln and his masonic Revolutionists from the neo-masonic Order of Cincinnatus (Washington was a member) did to Shay's regulators who were fed up with a bunch of banker scumbags calling in their loans and asking their debtors to pay them back in Gold when they had none and after these bankers destroyed the currency and bailed out all their rich friends.
So, Shay's Rebellion was the real deal. The revolution was merely a fight between two corporations and the colonists caught in the crosshairs.
The St. Andrew masonic lodge, however, won and created hundreds of new lodges/secret societies (corporations) in the US and then hired mercenaries to destroy anyone who didn't adhere to their tax codes or rules.
The entire idea of permanent public debt by Hamilton and his pupils was to financialize every aspect of society.
Everyone should at least be looking to get Bitcoin, Gold (despite being manipulated) and Silver. Also, simple assets you have such as property are essential. I sort of agree that Bitcoin is ingenious but I have this odd feeling that it could be hijacked and taken over.
FUCKING OWNED.
but seriously, that was interesting man. Its kind of posts like this that make ns a worthwhile brain lounge imo.
do you think this is why real estate prices are exploding right now?
DolansLebensraumFUCKING OWNED.but seriously, that was interesting man. Its kind of posts like this that make ns a worthwhile brain lounge imo.
do you think this is why real estate prices are exploding right now?
I think the real problem in America and US corp land is the lack of creativity, nepotism and human greed. All citizens are the bond holders of US corp.; we took the brunt of the banks speculations and failures. We are not rewarded our fair share in US corp. land.
Libertardians claim, "don't tread on me..." and "I ain't not want to pay taxes..." Many elitists are self-admited libertardians and ofshore their accounts in tax havens. These are the real scumbags of the US as are chain corporatioms. Why?
First, the libertardians don't realize that being a citizen or PERSON (corporation) in a limited liability capacity under US corp jurisdiction is TOTALLY VOLUNTARY. Meaning you do not actually have to participate in contributing to the fictional US corporation. Taxes are VOLUNTARY; just don't screw people over or threaten anyone with violence.
What comes with renouncing this voluntary contract? Well you could not have healthcare, no bank, no credit union, etc., you'd have to homeschool your children and the fire department totally wouldn't put out your house fire if you were not under US or state corp jurisdiction. I'm sure they would but there was a hilarious story awhile back of a man whose entire house burnt down and the town corp. refused to put it out because he had no state or federal privilages whatsoever. He never had to pay a dime in tax either.
Libertarians are under the assumptiom that the state is very bad and we should just ha e private corporations and private interests take-over the country, not realiz
DolansLebensraumFUCKING OWNED.but seriously, that was interesting man. Its kind of posts like this that make ns a worthwhile brain lounge imo.
do you think this is why real estate prices are exploding right now?
I think the real problem in America and US corp land is the lack of freethinkers and creativity; nepotism and human greed. All citizens are the bond holders of US corp.; we took the brunt of the banks speculations and failures. We are not rewarded our fair share in US corp. land.
Libertardians claim, "don't tread on me..." and "I ain't not want to pay taxes..." Many elitists are self-admited libertardians and offshore their accounts in tax havens. These are the real scumbags of the US as are chain corporatioms. Why?
First, the libertardians don't realize that being a citizen or PERSON (corporation) in a limited liability capacity under US corp jurisdiction is TOTALLY VOLUNTARY. Meaning you do not actually have to participate in contributing to the fictional US corporation. Taxes are VOLUNTARY; just don't screw people over or threaten anyone with violence.
What comes with renouncing this voluntary contract? Well you could not have healthcare, no bank, no credit union, etc., you'd have to homeschool your children and the fire department totally wouldn't put out your house fire if you were not under US or state corp jurisdiction. I'm sure they would but there was a hilarious story awhile back of a man whose entire house burnt down and the town corp. refused to put it out because he had no state or federal privilages whatsoever. He never had to pay a dime in tax either. Many people live this way... usually as homesteaders and are hard-working, unlike billionaires who retain corp. privileges whilst whining about Us corp.
Libertarians are under the assumption that the state is very bad and we should just have private corporations and private interests take-over the country, not realizing that the US is a quasi-private public corporation; that it's sole benefit is to regulate private interests that threaten the lives of its members; such regulation has all but been taken over by these same private interest groups for their own benefit.
Hence, we have Libertarians and elitist billionaires offshoring their accounts into tax havens whilst still holding US corp privilages, therefore, breaking the law.
These schemes then fall unto the middle and lower classes.
Wealthy libertardians are not only acting like scumbags but they are stealing the welfare of those who voluntarily contracted with US corp to receive welfare, whilst they still retain nearly all of the privileges of Us corp that they state they despise.
http://books.google.com/books?id=hQMoAAAAYAAJ
>>>P. 86 Municipal Corporations
Enactment and Contents.
>>>...No particular form of words is necessary to the creation of a municipal corporation, although a particular form of words is generally used for this purpose, the question whether a particular statute creates a municipal cor poration is one of legislative intent.
>>>Fictio Legis Neminem Laedit
>>>A corporation is a collection of NATURAL PERSONS, joined together by they voluntary action or by legal compulsion, by or under the authority of an act of the legislature, consisting either of a special charter or of a general permissive statute, to accomplish some purpose, pecuniary, ideal, or GOVERNMENTAL, authorized by the...
>>>It will thus be seen that a corporation is not only a LEGAL ENTITY or ARTIFICIAL PERSON separate and distinct from the NATURAL PERSONS (fascism 4 da lulz) who compose it, but it is also a collection of INDIVIDUALS, and this conception of it is recognized by the courts whenever the FICTION of the LEGAL ENTITY is urged to a purpose NOT WITHIN ITS REASON.
Fortunately for us, humans are waking up to the LEGAL PERSON fiction.
So, to bring the law to the people... let's say there's a huge interest being charged on your "debt" and the creditor is racking in the money. Put it in your mind that you should WORK FOR THEM, to pay off that debt. So, for student loans, if a private individual is holding your debt, call them up and make them a qualitative tender offer. Ask them to work so many hours a-day until the "supposed" debt is paid off.
If they refuse this offer or better, if they refuse legal tender monies to pay off debt such as minted coins or fiat, then their claim is ab initio null, completely void, and the law of no effect. You're free.
Wager law is something the creditors do not want to see comeback. For if we all suit ourselves with the knowledge of their law or old law, we can deny any and all forms of contract.
This is a quick rundown by the legend CaptainSlappy that use to break down law and game theory (quoted until further notice).
>Because you have your mind on money and your money on your mind. So do they.
>Did God tell us to keep our mind on money or our mind on God?
>What if I told you, you have never seen real law?
>What if I told you, you have never seen a real jury trial?
>What if I told you...you only ever saw Grand, and Petit, Tax-Men, and Debt-Collectors?
>What if I told you...everyone in a court room except you...is an agent of the State, an agent of a corporation...or an agent of a private corporation, called the "BAR Association"?
>What if I told you that your entire system, from day one, was built on fictional debt collection?
>What if I told you, it is a Casino, and Human Resources Bank scam...by offering their account books to you...to sign off on?
>What if I told you it was part of the plan...man?
>What if I told you they banned the Star Chamber in England...then brought it back...and nobody noticed?
>What if I told you they NEVER banned it in America, especially the northern plantations...and you have always used it, and had it used against you...except for those "free territories" that long ago, ceased to exist...when they infiltrated you.
>What if I told you the BAR Association locked down the "just us" Justice system, by banning the peasants out of playing, to drain you dry, whether you were innocent or not, but that you were guilty before you stepped in the door?
>After all...if you were not guilty...why would they force you to go to court, and beg a judge...for a jury trial he runs?...why would you have to sit in jail, sometimes for months, outrageous bond, or no bail, just to have someone tell you that the "State" or "County" declares you guilty?...a "verdict" delivered by a "jury" they chair...not allowed to be the judges of the law, or the fact...they are only allowed to be judges of HOW MUCH debt you pay, or what fact is ALLOWED.
>...or that...of COURSE this is not law of contract...sign here, please.
>No...next to the big "X"...and initial here...and here...
>...this has nothing to do with Law Merchant...now, your fine is $500, and you have to pay the Probation or Parole Officer $40 a month...also, you have to pay for piss-testing, and...and...and...
>overlook that whole part where "penal statute" is monetarily based.
>Or that "Charges" are simply charges and claims of debt...for a fee, of course.
>What if I told you that for the last 150 years, the "Just Us" system was nothing more than a revenue-generating ponzi-scam for private corporations, via company agents, win or lose, it's all the same on your end, that tastes almost the same as real law, to enforce not justice, and not law...but compliance?
>What if I told you...your great-grandparents knew better than this.
>What if I told you...that was why "monetary systems" were introduced, to turn you into nothing but a battery for the machine, that never stops eating, yet is bloated but never full.
>What if I told you "legal" law, was nothing more than you walking into a company court, run by casino bosses and huckstering magicians, who are on the lookout for a fast buck, from an idiot john like yourself?
>What if I told you they were rubes and marks too...but they "know better"...there is no conspiracy HERE, Comrade...there is no such thing as "class warfare" in a Fascist State run by corporations, for corporations...and the United Nations corporation...there is no social engineering...there is no behaviour modification...after all, "Law School" would have taught THEM what this is...right?
>I mean...you didn't pay Harvard or Yale $400,000 for NOTHING but a shitty, 3rd rate, failed instruction manual from a Roman corporation full of shystering con-men that collapsed...due to idiot barbarians, who knew nothing of "great civilizations"...amirite?
>What if I told you, at one time, it was against the law for them to do exactly what they are doing...but you cannot own a Mercedes-Benz doing THAT, or run for "Governor" (sole corporation)...or own a "State of" corporation...or...or...or...
>...that if you didn't do it...you couldn't infest every single town, village, parish or city with it?
>That you couldn't break down loyalty to family, or loyalty to community...without it, to reshape it, Company Comrade?
>What if I told you, they could care less about actual law or justice, as long as it LOOKS good in the dog & pony, as long as they get their Lex Roma Civilii cut & skim, by making you a devoluted rube, with no knowledge of the law, real, or theirs?
>What if I told you, you THOUGHT you knew the law...and what if I told you, smartass, that's what you get for fucking thinking.
>Well...no need for me to tell you, pardner...I just showed you exactly that.
>Did you ever ponder this is why the "Constitution" hasn't applied, except when the corporation says so...since the beginning? After all, the "Annapolis Committee & Societal Corporation" did say, a "Constitution OF the Federal" and NOT a "Constitution FOR"..."
>If the "Constitution" really DID apply...couldn't you just stand on a street corner, yelling craftily copied quotes from it, and the magic ghosts of the "Founders" would appear to give you gold and silver? Wouldn't those mean old banks stop? Wouldn't "voting" get fixed?...."
>Or was it because it was never the law...FOR THEM.
But always was...for Members...and their Employees."
>As far as "Sovereignty" goes, with the State and local franchises, they are about as "sovereign" as a CORPORATION that is fictional can be...until Daddy says different, and that was taken care of LONG before your great-great-great-great grandpappy was done crapping his nappies."
>It is very simple, if somebody else ("Federal" corporation) signs you up into their corporation (United States) because you lost the war...you cease to exist as "sovereign"."
>Doubly so...when you do so "internationally". After all, that State corporation SUBMITTED (applied) to be an INFERIOR member of a MORE POWERFUL corporation (by force, Comrade), who is a member of a more, more powerful corporation, and throughout both, infesting and permeating every pore, nook, cranny and crevice...."
>Private Societal Companies, with MANY hired hands. Independence indeed."
>That way...you can skip all that kooky "Constitution" stuff. They are FAR removed from it, and have been since 1861. And 1871. And 1915. And 1933. And....and...and..over and over."
>Just think, this is what they are puking up on a platter to your military."
>I never said to like it.
I said "Know the Law"...and the Oracle of Delphi said, "Know Thyself"."
>Socrates said, "I don't know jack shit."....so it all works out in the end, because I for damned sure don't know as much as Socrates."
>I KNOW they don't."
_____
I think, at this point, it is up to us to make the fictional corporation better... to work for us as opposed to special interests lots of money.
Become one to rise to the ranks and then flip the tables on their heads. It's really the only way, if you want to change things federally. Locally is easier but it comes at the idiocy of state and fed jurisdictions preventing local consensus and streamlining their (private corporations) laws into the locality.
Also, cold weather makes my penis small.
DolansLebensraumFUCKING OWNED.but seriously, that was interesting man. Its kind of posts like this that make ns a worthwhile brain lounge imo.
do you think this is why real estate prices are exploding right now?
But if you had to take one thing out of all of this being a PERSON in US corp land in a limited liability status it is that in a self-funding corporation such as U.S. Inc., they have to act like they can't pay for the things that actually serve the community; such as healhcare, a livable wage, etc. Because if you started demanding the same handouts as Raytheon, Walmart or DARPA/Lockheed who kickback to congressman grifters, who would fight the company colony wars?
theLiquorMan, I feel you on this. I can’t tell if I’m stupid, or smart. But when people defend the economy saying the fed doesn’t print money (they must literally only be talking in a literal sense) and refer to repo markets, buying treasuries etc as if it makes a difference, makes me all the more positive it’s all bullshit.so—you’re not printing money because you’re expanding credit—essentially giving more credit to people already maxed out—that will never be paid back, but that’s not printing money... ok
“As of January 13, 2021, the Federal Reserve has a portfolio totaling $7.3 trillion in assets, an increase of about $2.7 trillion from the $4.7 trillion total on March 18, 2020. Longer-term Treasury notes and bonds (excluding inflation-indexed securities) comprise about two-thirds of that expansion, with holdings of those two types of securities increasing from $2.2 trillion on March 18, 2020, to 4.0 trillion on January 13, 2021 — an increase of 87 percent.”
well fuck me sideways, crypto has a quarter of capital that the fed has. Is that the pillars i hear crumbling?
It's all bullshit in the sense that US corp is chartered to be completely self-funding with a sub-franchise treasury but instead grifting congress chartered a for-profit corporation known as the FED that they exchange promissaey notes with and use the American people as collateral to pay back that immaginary interest. So much for the self-funding charter—a quasi feature which is bow retained for the plutocracy only.
Peace.