Global Economy Bursting?

[Big ole Boy]

Cyprus is just the beginning to control bubble inflation.

Globalist are telling world finance that fiat cash hordes should not be held in large sums, but reinvested into the economy. Either the private holders can do it or the government will tax the cash hordes.

Cash just became obsolete.

Its really a good thing. It forces finance to find new ways to go forward into the 21st century.

Again this is all about unbounded fiat code.

 

[Terrel L. Shields]

A tidbit of history. John Law was an "outlaw" Scotsman who went (fled) to France and then became instrumental in creating fiat money for France. It led to a boom. Louis XIV thought him a genius and in 1716 Law created bank notes for Frances state run bank...and Law then went on to create the Mississippi Bubble which blew the economy all to L... Paper money collapsed and France went back into recession-depression really. Altready in recession? Why was that?

In the 17th century an uneasy peace in France existed between the Catholic and Protestants. The 16th century had seen outright slaughter in a religious war - a horrible bloodshed that left miles of highway where one never left the sight of Protestant victims hanging from trees, bridges, etc. or their heads impaled upon stakes by the roadside. The Edict of Nantes was the peace treaty. Upon the revocation of that treaty, by Louis XIV, the Sun King, the Catholic Church with the backing of Louis's Army once again made an effort to convert Huguenots back to Catholicism by force. The result was a mass exodus of middle class merchant/Huguenots to the Netherlands and Britian where many staged to immigrate to America. The economy of France was devastated with the loss of physicans, millwrights, cabinet makers, watch makers, builders, drapers, and other skilled labor. By the early 1700s, 100s of thousands fled, and France had run up a huge debt in billions. When they tried to stop Huguenots from immigrating, if they arrested them, then even more people were determined to escape...John Law created fiat currency, it kick started a staggered economy, and started the boom which led to a paper money speculation, and the eventual crash. This eventually led to such poverty that by the end of the 18th century, France was ready for Revolution and that is exactly what they got.

For America, it mean many French non-Catholic immigrees founded towns from Jacksonville, FL to the Manakin-Sabot area of VA...and brought with them their skills as well as the Calvinist religions that they adhered to.

 

[Big ole Boy]

A tidbit of history. John Law was an "outlaw" Scotsman who went (fled) to France and then became instrumental in creating fiat money for France. It led to a boom. Louis XIV thought him a genius and in 1716 Law created bank notes for Frances state run bank...and Law then went on to create the Mississippi Bubble which blew the economy all to L... Paper money collapsed and France went back into recession-depression really. Altready in recession? Why was that?

In the 17th century an uneasy peace in France existed between the Catholic and Protestants. The 16th century had seen outright slaughter in a religious war - a horrible bloodshed that left miles of highway where one never left the sight of Protestant victims hanging from trees, bridges, etc. or their heads impaled upon stakes by the roadside. The Edict of Nantes was the peace treaty. Upon the revocation of that treaty, by Louis XIV, the Sun King, the Catholic Church with the backing of Louis's Army once again made an effort to convert Huguenots back to Catholicism by force. The result was a mass exodus of middle class merchant/Huguenots to the Netherlands and Britian where many staged to immigrate to America. The economy of France was devastated with the loss of physicans, millwrights, cabinet makers, watch makers, builders, drapers, and other skilled labor. By the early 1700s, 100s of thousands fled, and France had run up a huge debt in billions. When they tried to stop Huguenots from immigrating, if they arrested them, then even more people were determined to escape...John Law created fiat currency, it kick started a staggered economy, and started the boom which led to a paper money speculation, and the eventual crash. This eventually led to such poverty that by the end of the 18th century, France was ready for Revolution and that is exactly what they got.

For America, it mean many French non-Catholic immigrees founded towns from Jacksonville, FL to the Manakin-Sabot area of VA...and brought with them their skills as well as the Calvinist religions that they adhered to.

Fiat has failed or has it?

Or has fiat simply been evolving along with a progression to perhaps a new singularity where the masses will no longer be able to destroy the global fiat infrastructure with computer administrated fiat code.

Have we reached the point where social unrest can be subdued with a global SNAP program?

Who is the potter and who is the clay?

Perhaps we are at the point where fiat evolution is the potter?

Calvinism ... "the anointed ones" - fiat code is the "anointed singularity" for type 1 civilization?

 

[Terrel L. Shields]

[url]http://www.weartv.com/newsroom/features/waste-watch/videos/food-stamp-fraud-waste-watch-58.shtml[/URL]

Speaking of SNAP.... I got bounced at the grocery store parking lot by a young man trying to get me to buy food with his EBC card, then give him the cash cost of the food.... "needed gas money"...yeah, ½ mile from the Casino...I should have offered to buy him $5 of gas at the gas station next door and seen if he'd take it. I bet not. He wanted cash...not gas money.

And that is a federal crime to act as such intermediary.

 

[Riick]

[url]http://www.weartv.com/newsroom/features/waste-watch/videos/food-stamp-fraud-waste-watch-58.shtml[/URL]

Speaking of SNAP.... I got bounced at the grocery store parking lot by a young man trying to get me to buy food with his EBC card,.....

Those Florida legislators would starve an orphan, just terrible terrible people:
Florida lawmakers look to ban EBT use at strip clubs, casinos, liquor stores -- Link

 

[Terrel L. Shields]

I would be surprised if much over 50% of these so called "food stamps" actually help people on their food, rather they mostly act to substitute what they would buy in food and free up cash for cigarettes, booze, and casinos. People simply game the system. I have a friend who has taken his nephew out of the will because the lazy pup won't work, lives off his wife's Indian card and welfare and sits around drinking beer all day. He's "babysitting"...yeah. Maybe the kid is old enough to dial 911 if his "babysitter" passes out drunk.

 

[Restrain]

There is a black market in food stamps in low-income areas. That is the reasoning behind EBT cards. Now the push to stop their use in casinos, etc. you cannot legislate to stop poor decisions as there is always ways to circumvent the law.

 

[Big ole Boy]

Joe Wisenthal from Business Insider made a good point yesterday. All the investment houses and analysts had no idea how to explain the Cyprus phenomena. His point was .... the Twitter universe became the quick looking glass into the situation - people on the ground ..... analysts on the ground sharing their insights for FREE.

If the globalist did make the right call here - forcing cash out of its foxhole ....... investors may start looking for special dividends from cash hoarders like Google and Apple for example ....

...David Einhorn may get his way after all .....

 

[Terrel L. Shields]

There is a lot of currency that is not currency - "complementary" currency - the Swiss wir for instance... Frequent flyer miles is a form of limited currency. Coupons at the store could be used as coupons...something Groupon is into sorta.

 

[Randolph Kinney]

California bills seek range of fees, taxes

http://www.sacbee.com/2013/03/18/5270874/california-bills-seek-range-of.html

California's legislative leaders vowed to act with austerity after voters passed billions of dollars in tax hikes last November.

More than two dozen bills introduced in the current session, however, take aim at Californians' pocketbooks.

Taxes, fees or other charges are proposed for soda pop and sweet tea drinkers, motorists, gun owners and people who frequent strip clubs, buy prepaid cellular phone minutes, or use paper or plastic shopping bags.

Businesses are targeted by proposals ranging from an oil severance tax to a manufacturers fee for mattress recycling, and a crackdown on firms that avoid property tax reassessments after ownership changes.

"It doesn't surprise us at all," Jon Coupal, president of the Howard Jarvis Taxpayers Association, said of the numerous bills. "Our elected political class has an insatiable appetite for even more money."