Just like our student loans. Only debt exempt from bankruptcy
The near certainty that citizenry in central banking economies will be left holding the bag again is almost certain unless we break out of the cycle. Punctuated equilibrium jump. New tech affords us that ability where in 08 we lacked it.
Not bitcoin. it is corrupted and captured. blBut distributed Ledger tech removes the need for third parties period. gold ethereum whatever. if we can find a way to graft it onto dlt, then insurance banks payment networks \ credit firms (and ratings agencies like fitch and equifax while we are at it) go the way of the dodo. if we leave it up to the same deal makers that arranged the system for their own gain the last time, they will do the same again.
game theory: an iterative gain where the ground they gain in prior round inclines them towards gaining more the next round.
buterin (ethereum creator) got through to vlad. He is incorporating crypto into Russias long term financial and knowledge plans.
IMHO I am hoping trumps got the political plan and the juice to get it done, and Putin tags in and handles the lead on the economic stabilization afterwards
it runs deeper. my doctorate I am finishing is in international development. this shit we are experiencing and learning completely undoes orthodoxy.
but for example, many dont know but the Bank of England a few years back got tired of having to calm the masses while simultaneously in the same speech reassure the markets (and the two have grown mutually exclusive and zero-sum with respect to one another).
They decided to just drop a white paper and in it they explained the mechanics of the arrangement for coordination among central banks that Bernanke worked out.
long short, ya know fractional reserve? Fed prints money give to X they deposit some lend some to Y. Y does the same with respect to Z etc….
THROW THAT SHIT OUT THE WINDOW BECAUSE THEY ALREADY DID IN ACTUALITY.
rather than cent vank doing money creation on supply side to stimulate demand, now banks lend money creating demand for adequate reserves to meet their requirements set by cent bank. In turn their demand puts pressure on cent bank to produce more money into supply to satiate their demand!
TLDR: central banks handed the reigns over to commercial banks and instructed them to keep the credit from crunching as long as interest is low. if ya need more money page me and we'll drop from heli post-haste.
p.s. bank of england white paper is from 2013 I believe.
p.s.s. i brought up student loans a few messages back. their exempt from bankruptcy discharge.
Are others aware of the fact that they are near perfect substitutes for mortgages for the sake of underlying exotic derivatives?
mortgages= backed by gov through fannie and freddie.
student loans = backed by govt through Sallie.
The whole time they have been doing credit default swaps and debt backed securities on student loans you've just never heard of it.
I got confirmation when I emailed Xenakis over at futurecasts about 5 years ago.
if we dont move beyond the current system, this next collapse is going to be very very terrifying.
^^^^ same here income based repayment. problem is you gotta get comfy with not aspiring lest you succeed and get a concomitant raise in pay.
sorry Xenakis is over at GenerationalDynamics.com his prediction models are based off of 4th turning model.
its late i am greatful i squeezed all that out articulately without moving into next. bread.
last bit for tonight so as not to overdo it:
banks want to go cashless anyway so as to afford them negative interest rates on depositors without bankruns when they need to clean up their mistakes. if we stay in current arrangement or anything resembling it, they will continue us down this road.
if you see a country start recalling larger denominations and pulling them out of circulation get your money out of the banks. thats how it will begin India was first noneuro test case a few yrs back under modhi.
they will say its to reduce black markets and deter tax avoodanve. doesnt matter, true false (likely false in any case) its the beginning of going cashless with neg interest on deposits being the ends of the means.
those skeptical of crypto I implore you to take a look at DLT. like I say I dont care if its metal based or crypto based assets that go on the ledger, the advancement and gains come from the ledger itself moreso than the coins.
cuz I can call bullshit on any economist i feel the need to call it on. I am disillusioned have been for some time. economists are the priestly caste of politics in global order and I take great pleasure in unloading my best Martin Luther impression upon them. Plus Q and potus saved us from the collapse that I completely understood was coming this quarter. I had no clue the crash was engineered to crash I thought it was negligence, and the fact that /ourguys/ have known and counteracted aginst it occuring makes me hopeful that I can apply this skillset to make my hometurf less of a shitty and impovershed corner of our great land
call for Anon opinions
last night Q dropped this
POTUS.
NSA.
UNITED STATES MILITARY (G)
THE FREEDOM CAUCUS (EST)
FOREIGN & DOMESTIC PATRIOTS.
2015.
THE FIGHT TO SAVE THE WORLD.
what occured that brought these players to sit around the table together back in 2015? Any ideas?
it'll comes out in time , but just wondering as nothing comes to top of my mind?
Also this Rt article: indication that the mentioned foriegn patriots and LEOs are yuri and vlad?
(Q mentioned law enforcement working together a few crumbs ago)
I completely get it it, even if many of our fellows in normie ville are quick to embrace the cold war boogeyman larp. It would match up with my understanding of national interests international relations and modern history.
plus this being declas would absolutely be the most hands off method of keeping Potus as far away from blast rafius as possible so as toitigate oppositional instinct to accuse him of acting on declas to save his neck at the expense of muh sources and methods
yup yoh say poh ta to i say pot a to
at least in terms of plan. who is to say with universal truths? why the hell ask us? do we appear like sherpas to you?
furthermore hft and bots amplify the direction the of the trend. rather than leaving vol untouched it actually reduces volitility.
think about the fact that when musk or bezos expected shortfalls and needed to inject capital they could just call a press conference and annpunce something absurd but positive like e.g. tesla tech for big rigs. the hft bots scan news a la lexis nexus and ebsco and all lock into buy orders while their owners is fapin afc.
like clockwork the bot algos deliver the capital musk or bezos need and they dont have to push to increase output or productivity one iota. so yeah
hft fucks shit up more in addition to existing fuckery.
See my post above about iterative games in political economic arrangements of states and banks. and plea to keep open mind re dlt.
next crash we not only have to stabilize system but we have to move firms away from short termism that comes with quarterly outlook of profit/growth deliverince to shareholders and back wayy back,__
before the corporate counterattack against the people in the late 1970s (led by earl butz, ceo of alpo the cabinet sec for Ford).
Before the largest grain sale in world history by US to Soviets during Cold War that didnt get much coverage (kissenger arranged brokered through World Bank if i recall)
Back to when there was a grand bargain that companies would decide in the interest of long-term survival and prosperity of itself for the sake of all: management, labor and shareholders.
it was called the stakeholder model as people like labor with stake in company had veto ability regarding firms goals.
finally, if it there is room on the rectify the market to do list,
FOR GOD'S SSAKE BURN IT INTO EACH YOUR MINDS THIS:
CORPORATIONS DO NOT DESERVE PERSONHOOD AS A PIGGYBACK ON AN AMENDMENT ADDED TO SETTLE THE QUESTION OF PERSONHOOD FOR CHILDREN WHOSE PARENTS WERE IN SLAVERY.
Thats how they developed somethong like an institutional survival instinct. and subsequently sought to lobby and organize, and hire lawyers to cover their ass and what not (as a plaintiff or defendent status for a corp wasnt prior as it becane after that staus change.
prior to corp person hood status, charters were granted with sunset and possibility of renewal. Firm fucking we the peeps, fuck the firm its dissolved charter revoked
ty anon. gentleman and a scholar we all are (except the shills)