Bitcoin does NOT fix anything. Not because it can't but because government is moving in to "regulate" it/monitor it add whaterver spin word you want. Blackrock buying bitcoin, cathy ARK etc The crooks are in positions of powere or So Much power corrupts people we select to serve in those positions. Or we as species can not addhere to very basic principles of decency, 10 Commandments etc. How is it that politicians keep underperforming for decades, among other things serving us WARS as SOLUTIONS rather DIPLOMATIC POLITICAL solutions for conflicts, differences of opinions etc how is that possible and WHY? Greed? Multigenerational wealth? Keeping the Big Money "safe" at all costs?
Tied into National Debt, but you should see a chart for cost of US Education versus loans necessary. Also part of their huge corruption scam. They essentially killed bankruptcy protections then removed lending cap for loans. Tuition magically skyrocketed the next day.
The US and Nixon ended the gold link to the Dollar, and this destroyed the post WW2 Bretton Woods financial system to enable excess Dollar money printing. ‘Globalisation’ really started via the Lima Declaration in 1975. This can be viewed as the blueprint for the disastrous policies that have since followed. Impact on Australia (and US) has been profound. There was also the early emergence of China from isolation after Nixon’s 1972 visit that then flowed on to China’s industrialisation.
The reasoning behind the Lima Declaration was apparently the plight of the Third World because of the policies of the advanced industrial nations. Australia along with the US and others was listed as one of these. The only way, apparently, to rectify the situation was to transfer industrial resources from advanced to the Third World and then to provide markets for Third World exports by buying products once produced locally – giving away the means to generate wealth and become poorer as labour was also globalised.
Australia’s manufacturing capacity like the US has been irrecoverably destroyed since 1975 and the economic carnage continues. Australia, like the US, imports vast quantities of goods once produced locally. Ending up with ridiculous and bizarre outcomes. For instance Australia imports fish and seafood from countries like Thailand and Vietnam - when Australia is surrounded by vast oceans. Not all Western nations succumbed to this idiocy – Germany, Japan, South Korea, etc. put in place strategies to protect their industrial base.
They gave people like me the moniker "Generation X" for a reason.
"Here’s a line from a story in a 1999 edition of the Atlantic: “In fact, Xers may well be the first generation whose lifetime earnings will be less than their parents’.”
Guys, it's all about the disappearence of Bretton Woods arrangements, the "Nixon shock", the invention of the petro-dollar and the birth of the fiduciary money. Read Michael Hudson - "Superimperialism", he explained everything since the 1970s. USA empire, big corporations and the class of billionaires are ruling the world in the same way a parasyte, let's say a tapeworm, rules its host. The only way to get rid of this is to return to a sound financial system, where money's expressed value is intrinsicaly connected to the real production of good and services, expressed as a neutral value, such as gold's value or any other hard asset. As long as the current money are only some worthless PRINTED PAPER, their real exchanging value is firstly squeezed by those who are controlling the beginning of the life cycle of the printed paper: the USA's government, the big corporations and the billionaires' class. For the rest of us, the working people, who are downstream - we are getting the inflation, when the real exchange value of the money was already squeezed by those upstream.
WEF was part of it but it did not have a lot of influence until the 90’s following Rio, EU formation and China/Russia going capitalists
In the early 1970’s the biggest players responsible for the disintegration of the Middle Class and Deindustrialization of the US was the Business Roundtable and Trilateral Commission , both of which were formed in 1973. Rockefellers Trilateral Commission- Project Democracy reached a consensus we had too much Democracy and they needed to weaken the influence of the voters. At the same time, working with the Club of Rome they decided that Living Standards needed to be reduced in US and a New Economic Order brought on where the US would transfer manufacturing to low wage countries.
Before becoming Fed Chairman TLC member Paul Volcker called for the disintegration of the Global Economy. His high interest rates to combat inflation caused by high oil prices and collusion of Business Round Table Corporations did the trick, along with other policies to mask inflation using BLS to manipulate CPI lower while prices climbed due to the intentional weakening of the USD in the mid 1980’s and transfer of manufacturing jobs to the Asian Tigers and then China
Weakening of the Unions, Bush-Clinton’s NAFTA, illegal immigration , giving MFN to China, eliminating usury laws, reduced COLA’s (esp minimum wage) , excessive cost of Health Care, Tuition, Housing which were not adequately reflected in CPI -all suppressed wage growth and disposable income resulting in lower standard of living compared to the early 70’s
Then add in inheritance taxation which makes it hard to pass down farms, businesses for the non 1%.
Only 6 states have an inheritance tax. The Federal Estate Tax applies only to those who leave assets over 12 million.
I see the charts. The trends are clear, and I have seen and lived them myself.
Bitcoin does NOT fix anything. Not because it can't but because government is moving in to "regulate" it/monitor it add whaterver spin word you want. Blackrock buying bitcoin, cathy ARK etc The crooks are in positions of powere or So Much power corrupts people we select to serve in those positions. Or we as species can not addhere to very basic principles of decency, 10 Commandments etc. How is it that politicians keep underperforming for decades, among other things serving us WARS as SOLUTIONS rather DIPLOMATIC POLITICAL solutions for conflicts, differences of opinions etc how is that possible and WHY? Greed? Multigenerational wealth? Keeping the Big Money "safe" at all costs?
Tied into National Debt, but you should see a chart for cost of US Education versus loans necessary. Also part of their huge corruption scam. They essentially killed bankruptcy protections then removed lending cap for loans. Tuition magically skyrocketed the next day.
Here is some info on the student loan/tuition hike scam: https://www.rollingstone.com/politics/politics-news/ripping-off-young-america-the-college-loan-scandal-186926/
The Blood Ticks are near complete in their killing of the host.
Considering they don’t work or properly think for a living, their self-serving illusion of chaos management may indeed be their own downfall.
They will use robots and AI to replace most of us. The rest will be slaves
The US and Nixon ended the gold link to the Dollar, and this destroyed the post WW2 Bretton Woods financial system to enable excess Dollar money printing. ‘Globalisation’ really started via the Lima Declaration in 1975. This can be viewed as the blueprint for the disastrous policies that have since followed. Impact on Australia (and US) has been profound. There was also the early emergence of China from isolation after Nixon’s 1972 visit that then flowed on to China’s industrialisation.
The reasoning behind the Lima Declaration was apparently the plight of the Third World because of the policies of the advanced industrial nations. Australia along with the US and others was listed as one of these. The only way, apparently, to rectify the situation was to transfer industrial resources from advanced to the Third World and then to provide markets for Third World exports by buying products once produced locally – giving away the means to generate wealth and become poorer as labour was also globalised.
Australia’s manufacturing capacity like the US has been irrecoverably destroyed since 1975 and the economic carnage continues. Australia, like the US, imports vast quantities of goods once produced locally. Ending up with ridiculous and bizarre outcomes. For instance Australia imports fish and seafood from countries like Thailand and Vietnam - when Australia is surrounded by vast oceans. Not all Western nations succumbed to this idiocy – Germany, Japan, South Korea, etc. put in place strategies to protect their industrial base.
They gave people like me the moniker "Generation X" for a reason.
"Here’s a line from a story in a 1999 edition of the Atlantic: “In fact, Xers may well be the first generation whose lifetime earnings will be less than their parents’.”
We are pretty blackpilled. These charts show why.
Guys, it's all about the disappearence of Bretton Woods arrangements, the "Nixon shock", the invention of the petro-dollar and the birth of the fiduciary money. Read Michael Hudson - "Superimperialism", he explained everything since the 1970s. USA empire, big corporations and the class of billionaires are ruling the world in the same way a parasyte, let's say a tapeworm, rules its host. The only way to get rid of this is to return to a sound financial system, where money's expressed value is intrinsicaly connected to the real production of good and services, expressed as a neutral value, such as gold's value or any other hard asset. As long as the current money are only some worthless PRINTED PAPER, their real exchanging value is firstly squeezed by those who are controlling the beginning of the life cycle of the printed paper: the USA's government, the big corporations and the billionaires' class. For the rest of us, the working people, who are downstream - we are getting the inflation, when the real exchange value of the money was already squeezed by those upstream.
WEF was part of it but it did not have a lot of influence until the 90’s following Rio, EU formation and China/Russia going capitalists
In the early 1970’s the biggest players responsible for the disintegration of the Middle Class and Deindustrialization of the US was the Business Roundtable and Trilateral Commission , both of which were formed in 1973. Rockefellers Trilateral Commission- Project Democracy reached a consensus we had too much Democracy and they needed to weaken the influence of the voters. At the same time, working with the Club of Rome they decided that Living Standards needed to be reduced in US and a New Economic Order brought on where the US would transfer manufacturing to low wage countries.
Before becoming Fed Chairman TLC member Paul Volcker called for the disintegration of the Global Economy. His high interest rates to combat inflation caused by high oil prices and collusion of Business Round Table Corporations did the trick, along with other policies to mask inflation using BLS to manipulate CPI lower while prices climbed due to the intentional weakening of the USD in the mid 1980’s and transfer of manufacturing jobs to the Asian Tigers and then China
Weakening of the Unions, Bush-Clinton’s NAFTA, illegal immigration , giving MFN to China, eliminating usury laws, reduced COLA’s (esp minimum wage) , excessive cost of Health Care, Tuition, Housing which were not adequately reflected in CPI -all suppressed wage growth and disposable income resulting in lower standard of living compared to the early 70’s
1972 coincides with Nixon taking the US off of the gold standard.
Bitcoin fixes this, no?
No.