a reply to: ReprobateRaccoon
Well first of all, I note that you identify yourself as a "watcher". (IMHO) Blessed are the watchers. I've been looking at QM lately, the very
foundation of this universe as we understand it. The small part of the equations are the state vector that's input, the large part of the equations
are the Hermitian matrix that defines the result of observation: The observers are the ones with the power to shape the world, the watchers create the
reality we all experience. We shape the world by what we know, but that power depends on our openness to learn, a power the closed minded and ignorant
So you said you're willing to take on the world, I love that spirit. Here's the state of the world right now:
Greece is about to default on its debts, Puerto Rico has announced it can't pay its public debt. Stock markets are falling all over the world as a
result of this, an increasing awareness is spreading that our current economic system can't last, even to the extent of many elites making dry runs to
their bugout locations, and only more is to come.
Why this nonsense? Why can't we switch to something like a gold backed currency, or Bitcoin? The advocates of the standard Keynesian economics have it
right: Such a system can't support economic expansion. A world where there are $100,000 units of currency in circulation, and one house built, will,
after expansion to 10 houses, result in $10,000 being the cost of a house, so a person who held on to $10,000 in the beginning gets the same reward as
a company that builds a house after expansion: They become rewarded for doing nothing, just holding on to money. A system that rewards non-work just
the same as the tremendous amount of work spent building a house must fail. Therefore supply of currency must match economic value produced, or else
it all collapses.
So someone must be able to print money to match growing economic value. Thus, the Fed.
Boy, wouldn't it be fun to match the actions of the Fed with something like a Bitcoin system that could behave the same way as the Fed is supposed
to? It would grant the power to create money
to people who give loans to legit businesses, those that add economic value equivalent to their
loan. That would finally make Bitcoin able to be accepted as a global currency. But how? You can easily see how such a system could be defrauded and
subverted: For instance, individuals could set up fake businesses, and many fake bitcoin wallets to buy from them, just to launder all the money
create the illusions of economic value, and take the value of the created money. Its a very tough equation to solve.
The dirty secret is, its no less tough for the Fed. For decades now, they've been printing money, which has been juggled around by wall street actors
without creating real value, thus we have the relentless inflationary curve. Can you believe that 5 cents used to by a cheeseburger? A cup of coffee?
A gallon of gas? That's the inflation at work, and its based on systems that defraud the Fed, that create perceptions of value where there are none,
and are behind the coming economic collapse.
I know this is a stupid long response watcher comrade, but it all had to be said, for our audience of watchers. My question for you is, (and it is the
5 trillion dollar question at this point) how to we reverse this trend? How can we map money creation, as needs to happen in growing economies, to
actual economic value?
You said you were willing to take on the world. I look forward to your any idea.