On Mon, Jan 8, 2024 at 9:31 PM David <curmudg...@telaman.net.au> wrote: > > On Mon, 2024-01-08 at 19:48 -0600, John Hasler wrote: > > David writes: > > > This forces _everybody_ to comply with American law: unilateral > > > world > > > order by any other name. > > > > It is not a uniquely USA law. It's part of an international scheme > > in > > which most governments participate. > > Where is Paypal based? > Then it operates under American law, doesn't it? > > > > A directly attributed, undisguised donation to an Assange fund, or > > > any > > > other (because this applied to more than one isolated case) does > > > not > > > qualify as `money-laundering'. > > > > I didn't say that it did. I said that preventing "money laundering" > > is > > what the scheme *purports* to do. > > And I'm saying the KYC procedure (in any country) doesn't apply to a > situation where both the donor and recipient of a financial process are > openly declared. > What's to know? > Essence of red herring. > > > > > > Yes, we definitely need something better than Paypal. > > > > I don't like PayPal either but you won't find any way to do > > international transactions without dealing with obnoxious > > regulations. > > Ummmm, yes there are, > But I'm not about to openly advertise my modes of transaction here. > They do exist, they are not dishonest, they are not hard to discern, or > difficult to put into play, either. > I merely move my money (emphasis on `my money') to where I require it > to be. > No obnoxious regulations in evidence.
Is actually fiat currency. It stopped being money backed by gold when Nixon took the US off the gold standard. The Bretton Woods Agreement was working well until that day in 1971. After 1971 in the US, the wife had to go to work because one income was not enough for household goods and savings. The next decade or so that followed, the wife continued to work but people stopped saving because there was not enough money in the household. And a couple decades later, two people working with no savings is not enough. Families are borrowing money and living off credit cards. We are now in the end game of what Nixon set in motion. US currency is now a ponzi scheme. I think it is in its end game because of consumer debt. The US Federal Reserve creates money in response to debt. With consumers saturated with debt, consumers cannot take on more debt. The Fed will not be able to print money without adverse effects, like inflation. (Prices nearly doubled for some goods in the last few years due to Covid-19. Imagine what's going to happen if hyper inflation starts running its course due to worthless paper flooding the markets). When the dollar collapses, other currencies that peg to the USD will be in for a wild ride. You should have some gold and silver in your portfolio to get you through 6 to 9 months of hardship. I hope the time will be enough to improve the system. Shareholder Capitalism has eaten just about all its young. There's nothing left to feed on. It needs to change. Maybe Bitcoin and other cryptocurrencies will come into their own at this time. Jeff
