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RE: The global debt – a black hole from which we may never escape

in #bitcoin6 years ago (edited)

Thanks for a great comment, much appreciated sir. I like your contrarian attitude, very refreshing.

Yes I agree that we should look at the illusion of money that the NWO elites artificially imposed on us in a different way. That being said, from what I understand, money has been around as long as gold has, as a means of trade. Gold has been a form of money for thousands of years apparently, long before the NWO elites came onto the scene and the Chinese invented paper and paper money over a thousand years ago. So money is not the problem, since it is merely a means of trade. The problem may be that the monetary system has been hijacked and needs to be returned to its rightful place. That, of course, may no longer be possible, so your approach may be good at this time in history.

Point 1: Tyler Jenks is someone I also only came across last month, on watching him in a Youtube video interview; he is a retired financial adviser in his seventies or so, with a forty year track record of making money for his clients successfully, so he has more experience and success in the economic industry than you or I. Here is the video if you wish to check it out:


I have respect for people who have a proven track record of success in their industry as he seems to have. He is also respected by others in the field. He leads a company called Lucid Investment.

Thanks for the reference to Adam Smith's writing. I have heard of him as an historically respected monetary philosopher and will read up on him as you recommend.

As for bitcoin, it's ironic that you should say it is not real money since money is based on human work, because the protocol that creates bitcoin is called by Satoshi Nakamoto in his white paper as "proof of work". Mining or generating bitcoin by solving complex math equations via a computer programme is considered the work involved. We cannot deny that this is the 21st century and engineering has come a long way from work being seen as hammer and tongs business. Computer programmers also do heavy work nowadays. Writers like you and I do hours of work. Similarly computers are programmed by tech savvy individuals to do work. Adam Smith never dreamed the work would be so evolved back in his day, but it is. Bitcoin is proof of work, literally, involving energy resources like electricity and computer engineering. Lots of work goes into creating a bitcoin. The fact that you don't understand it is not unusual, but there it is - it works. Whether you want to see it as a medium of exchange or not is irrelevant to the fact that it is a medium of exchange and therefore it is money. Welcome to the 21st century. This is how we work nowadays.

As for it imitating QE, it does look like that, especially when so many new altcoins come out with billions of tokens worth that seem to be created out of thin air, so that is a good point. Nevertheless, bitcoin is engineered to operate the way it does and it is there now, in finite supply, like gold. When the price of gold goes up, we don't see it as QE, it is the market dictating the value (as long as it's not manipulated by the elites as it may well be nowadays). Similarly when the price of bitcoin goes up it is the market, ie the buyers and sellers, who are dictating the price that they are wiling to pay for the digital asset, the bitcoin. That is what drove the price up in 2017, the buyer was willing to pay that much. Nothing unusual about that. The price of any commodity does the same thing according to supply and demand and always will in a capitalist system. Whether capitalism is a valid system is another good topic for consideration.

That cryptos have no intrinisic value and are therefore not money, as you say, is like saying art has no intrinsic value, because beauty is in the eye of the beholder. Someone does see value in it, even though you or I may not. Also diamonds have no intrinsic value other that as a sparkly object of beauty to some, so it has become valuable, regardless of whether we think it so. It is too late to go back ow. It has already received its value by enough people in the world. Some art is trash and has no value but still some will spend their wealth on it, which I don't understand, just as you don't understand the value of bitcoin. Yet it goes on. So the strangest things can become a store of value it seems. Those that know more than you or I seem to see it as a store of value, and therefore it has become one.

Besides that bitcoin's intrinsic value apparently is as a proof of a transaction being made. A bitcoin is created as proof that information has been transmitted on the blockchain, the open ledger. If it had no intrinsic value in that regard, it would have faded away as useless, but is seems very useful to some. Millions of dollars are sent and received daily by people doing business, and the proof that they sent the dollars is the bitcoin transaction on the open ledger. It is a ledger entry. It is a bank. It works as a bank record, an accounting record. Now you know.

Point 2: Going back to the gold standard sounds to me like a good solution to the economic difficulties of the world. However the NWO elites don't seem to want it because it will ruin their fraudulent system. Lybia tried and therefore was destroyed. When Nixon removed the gold standard it was because France was sending shiploads of paper dollars back to America and asking for gold, and calling their bluff with all the illegitimate paper money they had already been printing at the Fed. The Fed is a semi private company owned by the NWO elites and is a scam setup morally speaking. When De Gaulle turned it against them they had to change the rules of the game, illegally in my opinion. Still the gold and silver price is artificially suppressed. Gold, in and of itself, has no overt value, but is a good store of value since it never deteriorates. There may be covert value in gold, for engineering purposes nowadays, and perhaps for other esoteric uses. Perhaps the ETs created us as a slave species to mine the stuff.

Point 3: A debt jubilee is a concept that has been around for thousands of years, before the NWO elite central banks. it is a valid concept and it would be a mature and intelligent and humane solution to our current problem on the planet. Unfortunately the central banks are controlled by the elites as you say, and they created the problem to further their own gains. So it may never happen. When they bail out a country, like they did with Greece, they placed so many austerity measures, that it made matters worse for the citizens, who voted OXI or no to the bailout in the first place. Unfortunately the EU are dictators and there is no more democracy under the EU. A debt jubilee is ideal in theory, but the system has been hijacked already so it's too late to expect that.

Point 4: Nobody can know the mind of Trump it seems. He is playing both sides as a two-faced Gemini that he is. He may be the solution to the NWO elite problem, or he may be a puppet of them. I'm not sure yet either. Since he is within a system, he has to play by the rules of their system to a degree, but from within the system he may be able to make some improvements. Let's see where he goes.

The geo-engineering is a cause for concern. Apparently the record -60C temperatures in the USA lately could be a result of cloud seeding, along with the mega hurricanes that last season. Or it could be a result of the Grand Solar Minimum, a topic you might find interesting.

As to point number 5 - I see you like puns.

As an ex monk who spent 10 years in a yoga ashram in my twenties, some of it in India, I am totally in favour of the need for a shift in consciousness. That is the actual solution to all our problems on the planet and within our own minds. That is the real goal of life. Reawakening our original consciousness is the key and the rest will all fall into place as a byproduct. We need to change the current paradigm completely, transcend it altogether. Economics is not the center of reality but the NWO agenda has made it so. Materialism is part of the illusion. The illusion of scarcity is a false one. Yes, let's get out of the matrix of illusion called Maya in the Vedic Sanskrit texts. We don't need money, as you say. We can trade and barter and live as one humanity on the planet as was done in the Ramarajya or in the previous yugas before Kali yuga arrived.

As a South African, I am fully aware of Michael Tillenger's Ubuntu theory and political party. I hope he does better in the elections this time around. I will even give him my vote. I believe in the beauty of his thesis. Ubuntu, as originally practiced by the African culture of South Africa is a grand ideal that should be revived in my current crime-ridden country among my fellow Africans. Let's do it together ealdtreow, you and me, and the Ubuntu party. Why should Michael only be popular in other countries and not his own? It needs to succeed here in South Africa where it originated, it's obviaas, seriaas.

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Very nice reply. We seem to share much awareness in common. Thank you and peace be with you.

Thank you friend, you inspired me.

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