We discuss how ignorance could, indeed, be bliss for all of us if the ignorant would just STFU. From geopolitics to cryptocurrencies, those who know least are the most likely to seek the use of force. In the second half, Max interviews crypto whale, Karl Gray, about the future of crypto and his plans to crowdfund the $300 million Statue of Responsibility, a companion to the Statue of Liberty to be built off the West coast of America.
56% of Bitcoiners believe the Bitcoin price will reach $10,000 in 2014, according to CoinDesk. Business Insider’s Henry Blodget thinks Bitcoin could hit $1 million. At the end of February, we ran an article that tried to answer….Read More >>>
What is most incredible to me is that the data under scrutiny in the study was from 1981-2002. One can only imagine how much worse things have gotten since the 2008 financial crisis. The study found that even when 80% of the population favored a particular public policy change, it was only instituted 43% of the time. We saw this first hand with the bankster bailout in 2008, when Americans across the board were opposed to it, but Congress passed TARP anyway (although they had to vote twice).
I read the entire 42 page study and have highlighted what I found to be the key excerpts below. Please share with others and read more here.
“We chose Bitcoin because it was the most innovative, revolutionary concept I had seen in a while, and it has the potential to change EVERYTHING, however the Bitcoin Community is what has fostered our interest into obsession”, said ……Read More >>>
The tiny country of Belgium – my beloved hunting grounds for three years a while back – with a GDP of $484 billion, a country which you can cross by bicycle in a single day if you’re really fit, a country that became famous to the chagrin of some people because it did just fine for a couple of years without a national government – well, that tiny speck of land is starting to grow an enormous mountain of US Treasury Securities.
Read…. What the Heck is Going on With US Treasuries In Belgium?
The US Federal Reserve has been printing money since 2011 to cover USGovt debt securities in a frenetic manner. They have lost control. They call it stimulus, when it is actually the opposite. It does assist the speculators with nearly zero cost money to borrow, but one must be a club member to win loan grants. The Quantitative Easing programs are deceptive. When the program was initially announced, the Jackass claimed it would be part of an endless sequence. With QE1 and QE2 and Operation Twist and QE3, following the failed trial balloon called Taper Talk, it is quite clear to anyone with an active brain stem and absent rose colored glasses that the USFed is caught in a trap called QE to Infinity. It is not stimulative. Instead, the uncontrollable bond monetization causes capital destruction. It causes economic degradation. It causes lost jobs and vanished income. It is a gigantic wet blanket to smother and destroy the USEconomy slowly, amidst unending propaganda. QE is the device that will result in Systemic Failure, which is already flashing signals of its arrival.
Click here for the latest Hat Trick Letter from Jim Willie:
The essence of crony-capitalism is the merger of state and corporate power–the definition of fascism.
When it comes to the real world, the difference between fascism, communism and crony-capitalism is semantic. Let’s start with everyone’s favorite hot-word, fascism, which Italian dictator Benito Mussolini defined as “the merger of state and corporate power.” In other words, the state and corporate cartels are one system.
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“Subversive figures winking at the audience and slyly tapping their noses were seen to lay a charge of dynamite under his chair, reel out the cable to a plunger and finally blow themselves up with another thunderous bang.” - Read my latest daily blog here
• SO IT GOES – John Fleming’s Blog