tag:blogger.com,1999:blog-6399730406480392183.post5186646385894705644..comments2024-03-27T11:18:34.222-03:00Comments on Viable Opposition: The First Steps to Ending CurrencyA Political Junkiehttp://www.blogger.com/profile/03342345936277964422noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6399730406480392183.post-18287950513743153122016-05-23T08:25:58.075-03:002016-05-23T08:25:58.075-03:00When the markets succumb to the fact that current ...When the markets succumb to the fact that current economic policies have failed all will collapse. The current economic system driven by QE and NERP have been described as a Ponzi scheme and sooner or later all great Ponzi schemes must come to an end. With big business increasingly exerting its power over small enterprises it is not surprising that many people feel trapped in a world where their options are rapidly vanishing. <br /><br />In many ways those in control having taken part in a multitude of sins against the laws of supply and demand making it impossible to determine the "true price discovery" that allows our economic system to adjust and properly function. The article below delves into our role as pawns in this game.<br /><br /> http://brucewilds.blogspot.com/2016/05/coming-economic-end-game-may-be-more.htmlBruce Wildshttps://www.blogger.com/profile/10181323607060607040noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-55653150199195212652016-02-20T09:54:36.165-04:002016-02-20T09:54:36.165-04:00Not that I have much faith left in the fiat curren...Not that I have much faith left in the fiat currency Ponzi to begin with, I find the use of 'eliminating criminal behaviour' to justify the abolition of physical currency little more than a straw man argument. To say nothing of the digital tomfoolery that nefarious organisations and individuals already carry out (just look at what the financial industry and political class do on a daily basis), criminal behaviour and terrorism both existed long before physical currency was widely used and will continue long after its elimination.<br />As the-powers-that-be lose control of the global financial system that seems to be reeling from the consequences of bumping up against the limits to growth on a finite planet (particularly the cheap energy that underpins it all and the inability of the planet to absorb any more of the various toxins produced from human activity), I expect we will experience increasing tyrannical behaviour by the political and financial elite. The banning of physical cash will not come close to eliminating capricious behaviour (especially when it could be argued most of such behaviour is carried out by those that hold the reins of power), but it will make certain actions by the elite much easier to implement: negative interest rates on all deposits; confiscation of wealth; monetary system reset; currency depreciation; tracking of all financial interactions; 'redistribution'; 'guided' investments; etc.. This action is merely another in a long line of behaviours by the-powers-that-be to tighten their stranglehold on the planet and its people. <br />We are witnessing the death throes of industrial civilisation and as Carroll Quigley stated in his book, The Evolution of Civilizations: "It is clear that every civilization undergoes a process of historical change. We can see that a civilization comes into existence, passes through a long experience, and eventually goes out of existence…<br />Beyond recognizing that civilizations begin and end, historians are fairly well agreed that, after they begin, they flourish and grow for a while, that eventually they reach a peak of power and prosperity, and that they weaken and decay before their final end. The Stage of Decay is a period of acute economic depression, declining standards of living, civil wars between the various vested interests, and growing illiteracy. The society grows weaker and weaker. Vain efforts are made to stop the wastage through legislation. But the decline continues. The religious, intellectual, social, and political levels of the society begin to lose allegiance of the masses of the people on a large scale. This period of decay may last for a long time but eventually the civilization can no longer defend itself."<br />It seems to me that it's a matter of when, not if.<br />http://olduvai.ca <br />Anonymoushttps://www.blogger.com/profile/01817300209906244470noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-54381050609456080422016-02-19T13:36:26.224-04:002016-02-19T13:36:26.224-04:00The negative interest rates I think will be the la...The negative interest rates I think will be the last act before the system comes down. People will switch barter and metals or maybe some other currency. The fact the system needs negative interest rates is all you know about how close to end we are with the current system.Anonymousnoreply@blogger.com