Soon, the FINRA cartel will be broken and the SEC will be neutered and the free exchange of equities, bonds and real estate will become an inevitable and unstoppable force. Major corporations will be at a disadvantage if they continue to offer shares on legacy exchanges and will thus be peacefully, and voluntarily incentivized to move to stateless markets. Billions of entrepreneurs around the world will suddenly have access to vast amounts of capital which will in turn, cause a surge in technological innovation and living standards, disproportionately uplifting those in the developing world.
Postby Speaker to Animals » Tue Feb 26, 2019 7:22 am
LOL
Historians will have to invent a word for this techno delusion whereby people pursue increasingly complex technological solutions on the premise that more complicated technologies are always the best choice, while ignoring the massive amounts of fragility and dependencies that technology imposes upon civilization.
The kind of guy who thinks bitcoin will make civilization more stable instead of real money comes to mind. Why not make the markets even more complicated than they need to be too?? Make it easy to crash with electronic warfare.
I need to read the Baroque Cycle again so I can wrap my head back around why anyone believes anything is of value, especially something outright fake like fiat currency and cryptocurrency.
No man's life, liberty, or property are safe while the legislature is in session
Postby Speaker to Animals » Tue Jun 18, 2019 7:28 am
I came across an interesting paradigm on our current state of money. You can divide it into three classes:
Paper dollars
Mineral dollars
Solar dollars
Paper dollars is what you get through transactions. There are always winners and losers. Winners generally make those dollars by legally raiding other people's wallets.
Mineral dollars are what you get when you harvest limited natural resources. If you own a granite quarry, you can convert the valuable rock into money, but that only lasts until the rock is depleted.
Solar dollars are true wealth creation. If you have an organic farm that just uses the sun, water, and soil to produce food you sell, then your profits are real wealth added into the system.
Solar dollars are what free people generate in making mutually advantageous trades. They take us from stabbing wild hogs to survive to buying just about anything you can imagine to eat at the Whole Foods and the Walmart. They can even replace mineral dollars when people figure out how to fabricate replacements for petroleum, steel, aluminum, etc.
Paper dollars are what the rent seekers at the palace and the federal city live off of. Fiat money is the most ingenious device of slavery and theft devised by rent-seeking men. When monopolized by the state, these dollars also work wonders at crowding out solar dollars through corruption and artificial monopolies created and maintained through violence.
