A more immediate risk than CBDCâs is the disappearance of 100âs, or of the forced impracticality or illegality of cash payments.
The post-depression push for populations to leave their farms and move into cities was sold to America as âmodernization.â
It served to increase the pool of cheap labor for industry, and it opened up farm lands to be purchased by the large farming consortiums. And now the majority of seed, grain, poultry, soy, and beef is controlled by a few businesses, while the family farms have been lost.
Banks loaning money into existence incentivizes people to borrow for the purchase of real assets (real estate).
They have amplified their market by reducing property taxes to leave more rents on the table to repay interest, by making mortgage interest tax deductible, and by allowing buildings and repairs to be depreciated over time. All of these are new developments, and all of these were designed into law by the finance industry to shift payments from the public tax base to banking profits.
Bitcoin demonetizes real estate
đ Run with that, brother!
Read âKilling the Hostâ -Michael Hudson
Read âDemocracy Incorporatedâ -Sheldon Wolin
My relays look like this too
Techy folks: Can I run a Tor Bridge on a Mac?
Yea brother. I should share that with everybody here. I have a report about somewhere on my computer. Iâll see if I can find it once I get to the office.
Coinbase gets sued for selling billions in unregistered securities.
My friend went to jail for trading thousands in Bitcoin P2P.
đżThatâs the power of corporations and a Judicial System that was co-opted by monied interests to protect their ability to extract from the people.
đ„đ„Iâm writing a massive check to the IRS today.đ„đ„
Donât tell me that Iâm not buying my fair share of bombs and rockets to kill people that I donât know in other countries so that US corporations can take their resources under the magnanimous promise of âdemocracy.â
Iâd still be more inclined to consider the big God-in-the-sky than in the Churchâs interpretation of a 2000 year old book for me. Talk about pay-op
Read Michael Hudson.
Be borderless. Be a citizen of the world. Cast of nationalist rhetoric that divides humanity.
There is no nation. There is collective myth.
Neither the militarized state capitalism of the United States nor a centralized welfare state is an adequate goal for us.  The systems perpetuate material, cultural, and environmental deficits.  Technological innovation...Bitcoin, Tor, Nostr... provide platforms for rational social order and the free association of people.  They empower the laboring masses, push the commercial and financial institutions toward democratic control, and disable the ideology of possessive individualism, predatory capital accumulation, and exploitation by external authorities. These institutions are inhuman.
Itâs a step worse than China, because this is a credit score managed by a for-profit Corporation. Corporations are beholden to nothing but profit, and have no ethical obligation to manage the peopleâs data responsibly, or in any way that does not enrich the company.
A government, at least, is theoretically beholden to the people.
A politician is also a tool for corporate monopolies to enforce their will upon the public in the form of legal obligations (to buy insurance or separate wifi), government contracts, financial rents, or government bailouts.
A politician helps corporations to privatize profit and socialize risk.
We donât need virtual reality to alter our perceptions.
People already see the world in the way that confirms their biases and holds up their chosen myths. Everybodyâs world is different⊠and everybodyâs is an illusion.
People like identify themselves with billionaires when they feel rich from a hard dayâs work. But our hard dayâs work provides us wages. Their day provides them economic rents, which come from taxes, interest payments, mortgages, and financial servicesâŠ. extracted from your hard work.
Some. For sure. But put system is designed to keep people poor. To keep the masses laboring. Economic rents work most efficiently when the masses work day in and day out for a dollar that is worth ever lessâŠwhen they pay interest on houses for 30 yearsâŠwhen laws require that they have auto insuranceâŠwhen healthcare is not an option unless they choose to pay a 30% subsidy to insurance companiesâŠwhen 40% of their income goes to housing.
Your life isnât like a homeless persons (grateful for you).
The important distinction between the controlling classes that control the economy and the rest of us (middle and poor classes) is whether one lives off of unearned income (rents) or whether one lives off of their labor (wages). The rentier live off of economic rentsâŠa symptom of the transition from industrial capitalism to finance capitalism. The rest of us live by proof-of-work.
A proof-of-stake economy has been substituted for traditional capitalism, and the middle class have been convinced that this is good for them