VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS0.00%
Net Worth
0.008USD
STEEM
0.006STEEM
SBD
0.001SBD
Effective Power
5.007SP
├── Own SP
0.125SP
└── Incoming DelegationsDeleg
+4.882SP
Detailed Balance
| STEEM | ||
| balance | 0.000STEEM | STEEM |
| market_balance | 0.000STEEM | STEEM |
| savings_balance | 0.000STEEM | STEEM |
| reward_steem_balance | 0.006STEEM | STEEM |
| STEEM POWER | ||
| Own SP | 0.125SP | SP |
| Delegated Out | 0.000SP | SP |
| Delegation In | 4.882SP | SP |
| Effective Power | 5.007SP | SP |
| Reward SP (pending) | 0.007SP | SP |
| SBD | ||
| sbd_balance | 0.000SBD | SBD |
| sbd_conversions | 0.000SBD | SBD |
| sbd_market_balance | 0.000SBD | SBD |
| savings_sbd_balance | 0.000SBD | SBD |
| reward_sbd_balance | 0.001SBD | SBD |
{
"balance": "0.000 STEEM",
"savings_balance": "0.000 STEEM",
"reward_steem_balance": "0.006 STEEM",
"vesting_shares": "202.720187 VESTS",
"delegated_vesting_shares": "0.000000 VESTS",
"received_vesting_shares": "7940.939619 VESTS",
"sbd_balance": "0.000 SBD",
"savings_sbd_balance": "0.000 SBD",
"reward_sbd_balance": "0.001 SBD",
"conversions": []
}Account Info
| name | fpcorg |
| id | 1087765 |
| rank | 1,290,942 |
| reputation | 371886863 |
| created | 2018-07-27T16:07:03 |
| recovery_account | steem |
| proxy | None |
| post_count | 5 |
| comment_count | 0 |
| lifetime_vote_count | 0 |
| witnesses_voted_for | 0 |
| last_post | 2018-09-06T22:28:45 |
| last_root_post | 2018-09-06T22:28:45 |
| last_vote_time | 1970-01-01T00:00:00 |
| proxied_vsf_votes | 0, 0, 0, 0 |
| can_vote | 1 |
| voting_power | 0 |
| delayed_votes | 0 |
| balance | 0.000 STEEM |
| savings_balance | 0.000 STEEM |
| sbd_balance | 0.000 SBD |
| savings_sbd_balance | 0.000 SBD |
| vesting_shares | 202.720187 VESTS |
| delegated_vesting_shares | 0.000000 VESTS |
| received_vesting_shares | 7940.939619 VESTS |
| reward_vesting_balance | 14.185280 VESTS |
| vesting_balance | 0.000 STEEM |
| vesting_withdraw_rate | 0.000000 VESTS |
| next_vesting_withdrawal | 1969-12-31T23:59:59 |
| withdrawn | 0 |
| to_withdraw | 0 |
| withdraw_routes | 0 |
| savings_withdraw_requests | 0 |
| last_account_recovery | 1970-01-01T00:00:00 |
| reset_account | null |
| last_owner_update | 1970-01-01T00:00:00 |
| last_account_update | 2018-07-30T07:20:36 |
| mined | No |
| sbd_seconds | 0 |
| sbd_last_interest_payment | 1970-01-01T00:00:00 |
| savings_sbd_last_interest_payment | 1970-01-01T00:00:00 |
{
"active": {
"account_auths": [],
"key_auths": [
[
"STM5Ldyp2mRL55K1w5SzaCotBmmrPiPHKpE8WEzrDgNJSiLHR6n1d",
1
]
],
"weight_threshold": 1
},
"balance": "0.000 STEEM",
"can_vote": true,
"comment_count": 0,
"created": "2018-07-27T16:07:03",
"curation_rewards": 0,
"delegated_vesting_shares": "0.000000 VESTS",
"downvote_manabar": {
"current_mana": 2035914951,
"last_update_time": 1779063873
},
"guest_bloggers": [],
"id": 1087765,
"json_metadata": "{\"profile\":{\"name\":\"Ziad K Abdelnour\"}}",
"last_account_recovery": "1970-01-01T00:00:00",
"last_account_update": "2018-07-30T07:20:36",
"last_owner_update": "1970-01-01T00:00:00",
"last_post": "2018-09-06T22:28:45",
"last_root_post": "2018-09-06T22:28:45",
"last_vote_time": "1970-01-01T00:00:00",
"lifetime_vote_count": 0,
"market_history": [],
"memo_key": "STM6hLaL1jqKK3fAYuHL7Nw953uy2qRqjJE1znxwXcfq96697nVJe",
"mined": false,
"name": "fpcorg",
"next_vesting_withdrawal": "1969-12-31T23:59:59",
"other_history": [],
"owner": {
"account_auths": [],
"key_auths": [
[
"STM7UHvezfE9T7XGtD2RVHxt3kBodB1gZEAvZgAUk6saK4HdUbnX4",
1
]
],
"weight_threshold": 1
},
"pending_claimed_accounts": 0,
"post_bandwidth": 0,
"post_count": 5,
"post_history": [],
"posting": {
"account_auths": [],
"key_auths": [
[
"STM88SBxSiwtaSApv4sRMQCzH7RGY1Pgj3weWVZKJnPqxoQ6aQ4cc",
1
]
],
"weight_threshold": 1
},
"posting_json_metadata": "{\"profile\":{\"name\":\"Ziad K Abdelnour\"}}",
"posting_rewards": 14,
"proxied_vsf_votes": [
0,
0,
0,
0
],
"proxy": "",
"received_vesting_shares": "7940.939619 VESTS",
"recovery_account": "steem",
"reputation": 371886863,
"reset_account": "null",
"reward_sbd_balance": "0.001 SBD",
"reward_steem_balance": "0.006 STEEM",
"reward_vesting_balance": "14.185280 VESTS",
"reward_vesting_steem": "0.007 STEEM",
"savings_balance": "0.000 STEEM",
"savings_sbd_balance": "0.000 SBD",
"savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
"savings_sbd_seconds": "0",
"savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
"savings_withdraw_requests": 0,
"sbd_balance": "0.000 SBD",
"sbd_last_interest_payment": "1970-01-01T00:00:00",
"sbd_seconds": "0",
"sbd_seconds_last_update": "1970-01-01T00:00:00",
"tags_usage": [],
"to_withdraw": 0,
"transfer_history": [],
"vesting_balance": "0.000 STEEM",
"vesting_shares": "202.720187 VESTS",
"vesting_withdraw_rate": "0.000000 VESTS",
"vote_history": [],
"voting_manabar": {
"current_mana": "8143659806",
"last_update_time": 1779063873
},
"voting_power": 0,
"withdraw_routes": 0,
"withdrawn": 0,
"witness_votes": [],
"witnesses_voted_for": 0,
"rank": 1290942
}Withdraw Routes
| Incoming | Outgoing |
|---|---|
Empty | Empty |
{
"incoming": [],
"outgoing": []
}From Date
To Date
2026/05/18 00:24:33
2026/05/18 00:24:33
| delegatee | fpcorg |
| delegator | steem |
| vesting shares | 7940.939619 VESTS |
| Transaction Info | Block #106143636/Trx e71dae606fa80db84f05b9473b28aaecda84ce58 |
View Raw JSON Data
{
"block": 106143636,
"op": [
"delegate_vesting_shares",
{
"delegatee": "fpcorg",
"delegator": "steem",
"vesting_shares": "7940.939619 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2026-05-18T00:24:33",
"trx_id": "e71dae606fa80db84f05b9473b28aaecda84ce58",
"trx_in_block": 0,
"virtual_op": 0
}2026/05/12 04:28:51
2026/05/12 04:28:51
| delegatee | fpcorg |
| delegator | steem |
| vesting shares | 5228.729214 VESTS |
| Transaction Info | Block #105976479/Trx 75fdd8e431f0a1ec073180d227310558852e736b |
View Raw JSON Data
{
"block": 105976479,
"op": [
"delegate_vesting_shares",
{
"delegatee": "fpcorg",
"delegator": "steem",
"vesting_shares": "5228.729214 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2026-05-12T04:28:51",
"trx_id": "75fdd8e431f0a1ec073180d227310558852e736b",
"trx_in_block": 0,
"virtual_op": 0
}2026/04/25 23:45:09
2026/04/25 23:45:09
| delegatee | fpcorg |
| delegator | steem |
| vesting shares | 7953.455375 VESTS |
| Transaction Info | Block #105511281/Trx a41813d71063c1d824ca0663beba77e570157701 |
View Raw JSON Data
{
"block": 105511281,
"op": [
"delegate_vesting_shares",
{
"delegatee": "fpcorg",
"delegator": "steem",
"vesting_shares": "7953.455375 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2026-04-25T23:45:09",
"trx_id": "a41813d71063c1d824ca0663beba77e570157701",
"trx_in_block": 1,
"virtual_op": 0
}2026/01/23 08:13:18
2026/01/23 08:13:18
| delegatee | fpcorg |
| delegator | steem |
| vesting shares | 5270.276033 VESTS |
| Transaction Info | Block #102852313/Trx c0afdb2b5b6945a69a9594fb817cc69c38d9719d |
View Raw JSON Data
{
"block": 102852313,
"op": [
"delegate_vesting_shares",
{
"delegatee": "fpcorg",
"delegator": "steem",
"vesting_shares": "5270.276033 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2026-01-23T08:13:18",
"trx_id": "c0afdb2b5b6945a69a9594fb817cc69c38d9719d",
"trx_in_block": 1,
"virtual_op": 0
}2024/12/17 03:32:00
2024/12/17 03:32:00
| delegatee | fpcorg |
| delegator | steem |
| vesting shares | 5434.495230 VESTS |
| Transaction Info | Block #91298713/Trx 25be9ef3f54d8300f489c92c77df5e469a392c70 |
View Raw JSON Data
{
"block": 91298713,
"op": [
"delegate_vesting_shares",
{
"delegatee": "fpcorg",
"delegator": "steem",
"vesting_shares": "5434.495230 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2024-12-17T03:32:00",
"trx_id": "25be9ef3f54d8300f489c92c77df5e469a392c70",
"trx_in_block": 7,
"virtual_op": 0
}2023/11/13 19:14:57
2023/11/13 19:14:57
| delegatee | fpcorg |
| delegator | steem |
| vesting shares | 5603.628762 VESTS |
| Transaction Info | Block #79852914/Trx 423fbde5dd0336c7e005fe4b064298bee299374f |
View Raw JSON Data
{
"block": 79852914,
"op": [
"delegate_vesting_shares",
{
"delegatee": "fpcorg",
"delegator": "steem",
"vesting_shares": "5603.628762 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2023-11-13T19:14:57",
"trx_id": "423fbde5dd0336c7e005fe4b064298bee299374f",
"trx_in_block": 4,
"virtual_op": 0
}2023/09/21 22:00:42
2023/09/21 22:00:42
| delegatee | fpcorg |
| delegator | steem |
| vesting shares | 8540.907548 VESTS |
| Transaction Info | Block #78348044/Trx 537a817d411f836cafaa857b0d2f6267ae18a6c6 |
View Raw JSON Data
{
"block": 78348044,
"op": [
"delegate_vesting_shares",
{
"delegatee": "fpcorg",
"delegator": "steem",
"vesting_shares": "8540.907548 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2023-09-21T22:00:42",
"trx_id": "537a817d411f836cafaa857b0d2f6267ae18a6c6",
"trx_in_block": 2,
"virtual_op": 0
}2022/11/03 11:47:00
2022/11/03 11:47:00
| delegatee | fpcorg |
| delegator | steem |
| vesting shares | 8762.588986 VESTS |
| Transaction Info | Block #69113356/Trx cbc63218763ca3c9d7a87feaebddc32487c3ed67 |
View Raw JSON Data
{
"block": 69113356,
"op": [
"delegate_vesting_shares",
{
"delegatee": "fpcorg",
"delegator": "steem",
"vesting_shares": "8762.588986 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2022-11-03T11:47:00",
"trx_id": "cbc63218763ca3c9d7a87feaebddc32487c3ed67",
"trx_in_block": 1,
"virtual_op": 0
}2022/01/17 11:02:42
2022/01/17 11:02:42
| delegatee | fpcorg |
| delegator | steem |
| vesting shares | 8983.122217 VESTS |
| Transaction Info | Block #60809518/Trx e37353f17a974f68f39638fd146f5e396f414ddf |
View Raw JSON Data
{
"block": 60809518,
"op": [
"delegate_vesting_shares",
{
"delegatee": "fpcorg",
"delegator": "steem",
"vesting_shares": "8983.122217 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2022-01-17T11:02:42",
"trx_id": "e37353f17a974f68f39638fd146f5e396f414ddf",
"trx_in_block": 30,
"virtual_op": 0
}2021/06/14 00:57:39
2021/06/14 00:57:39
| delegatee | fpcorg |
| delegator | steem |
| vesting shares | 9166.890875 VESTS |
| Transaction Info | Block #54607900/Trx 1e903b817f8e8f175ff7dd48e54b8e46cdf37923 |
View Raw JSON Data
{
"block": 54607900,
"op": [
"delegate_vesting_shares",
{
"delegatee": "fpcorg",
"delegator": "steem",
"vesting_shares": "9166.890875 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2021-06-14T00:57:39",
"trx_id": "1e903b817f8e8f175ff7dd48e54b8e46cdf37923",
"trx_in_block": 4,
"virtual_op": 0
}2020/12/11 11:16:03
2020/12/11 11:16:03
| delegatee | fpcorg |
| delegator | steem |
| vesting shares | 9354.312849 VESTS |
| Transaction Info | Block #49355349/Trx a0f92a8eddba745bdfc74a1e632cee3543d2c268 |
View Raw JSON Data
{
"block": 49355349,
"op": [
"delegate_vesting_shares",
{
"delegatee": "fpcorg",
"delegator": "steem",
"vesting_shares": "9354.312849 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2020-12-11T11:16:03",
"trx_id": "a0f92a8eddba745bdfc74a1e632cee3543d2c268",
"trx_in_block": 4,
"virtual_op": 0
}2020/12/06 04:53:15
2020/12/06 04:53:15
| delegatee | fpcorg |
| delegator | steem |
| vesting shares | 1912.543513 VESTS |
| Transaction Info | Block #49206909/Trx 835ab7170137f788850e37fd064b9d0afe30627e |
View Raw JSON Data
{
"block": 49206909,
"op": [
"delegate_vesting_shares",
{
"delegatee": "fpcorg",
"delegator": "steem",
"vesting_shares": "1912.543513 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2020-12-06T04:53:15",
"trx_id": "835ab7170137f788850e37fd064b9d0afe30627e",
"trx_in_block": 2,
"virtual_op": 0
}2020/12/05 14:54:15
2020/12/05 14:54:15
| delegatee | fpcorg |
| delegator | steem |
| vesting shares | 9360.520703 VESTS |
| Transaction Info | Block #49190444/Trx 89a2ddee7004c684cee1359e6aa233a5fb215991 |
View Raw JSON Data
{
"block": 49190444,
"op": [
"delegate_vesting_shares",
{
"delegatee": "fpcorg",
"delegator": "steem",
"vesting_shares": "9360.520703 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2020-12-05T14:54:15",
"trx_id": "89a2ddee7004c684cee1359e6aa233a5fb215991",
"trx_in_block": 6,
"virtual_op": 0
}2020/11/02 15:56:30
2020/11/02 15:56:30
| delegatee | fpcorg |
| delegator | steem |
| vesting shares | 1920.017158 VESTS |
| Transaction Info | Block #48258158/Trx a3c9b909a33bba86394411f5643e03c3ea9cc446 |
View Raw JSON Data
{
"block": 48258158,
"op": [
"delegate_vesting_shares",
{
"delegatee": "fpcorg",
"delegator": "steem",
"vesting_shares": "1920.017158 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2020-11-02T15:56:30",
"trx_id": "a3c9b909a33bba86394411f5643e03c3ea9cc446",
"trx_in_block": 1,
"virtual_op": 0
}2020/05/09 05:50:42
2020/05/09 05:50:42
| delegatee | fpcorg |
| delegator | steem |
| vesting shares | 9563.326062 VESTS |
| Transaction Info | Block #43217159/Trx ee236996a7f2963e217998f408a98c8acd8f4b54 |
View Raw JSON Data
{
"block": 43217159,
"op": [
"delegate_vesting_shares",
{
"delegatee": "fpcorg",
"delegator": "steem",
"vesting_shares": "9563.326062 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2020-05-09T05:50:42",
"trx_id": "ee236996a7f2963e217998f408a98c8acd8f4b54",
"trx_in_block": 4,
"virtual_op": 0
}2020/05/08 09:28:12
2020/05/08 09:28:12
| delegatee | fpcorg |
| delegator | steem |
| vesting shares | 1953.311140 VESTS |
| Transaction Info | Block #43193284/Trx 86b69ddd638f6cce5845afff1cdd5c704365eb4e |
View Raw JSON Data
{
"block": 43193284,
"op": [
"delegate_vesting_shares",
{
"delegatee": "fpcorg",
"delegator": "steem",
"vesting_shares": "1953.311140 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2020-05-08T09:28:12",
"trx_id": "86b69ddd638f6cce5845afff1cdd5c704365eb4e",
"trx_in_block": 15,
"virtual_op": 0
}2019/11/10 23:09:42
2019/11/10 23:09:42
| delegatee | fpcorg |
| delegator | steem |
| vesting shares | 9664.011566 VESTS |
| Transaction Info | Block #38065254/Trx d4aaf6ade98eddb91eac2303d7e04344fa8679e8 |
View Raw JSON Data
{
"block": 38065254,
"op": [
"delegate_vesting_shares",
{
"delegatee": "fpcorg",
"delegator": "steem",
"vesting_shares": "9664.011566 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2019-11-10T23:09:42",
"trx_id": "d4aaf6ade98eddb91eac2303d7e04344fa8679e8",
"trx_in_block": 3,
"virtual_op": 0
}2019/07/27 18:07:45
2019/07/27 18:07:45
| author | steemitboard |
| body | Congratulations @fpcorg! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@fpcorg/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@fpcorg) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=fpcorg)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes! |
| json metadata | {"image":["https://steemitboard.com/img/notify.png"]} |
| parent author | fpcorg |
| parent permlink | the-systemic-fintech-revolution |
| permlink | steemitboard-notify-fpcorg-20190727t180744000z |
| title | |
| Transaction Info | Block #35035173/Trx a370744476d8ac6be6e033101334e4e928525515 |
View Raw JSON Data
{
"block": 35035173,
"op": [
"comment",
{
"author": "steemitboard",
"body": "Congratulations @fpcorg! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@fpcorg/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@fpcorg) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=fpcorg)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
"json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}",
"parent_author": "fpcorg",
"parent_permlink": "the-systemic-fintech-revolution",
"permlink": "steemitboard-notify-fpcorg-20190727t180744000z",
"title": ""
}
],
"op_in_trx": 0,
"timestamp": "2019-07-27T18:07:45",
"trx_id": "a370744476d8ac6be6e033101334e4e928525515",
"trx_in_block": 9,
"virtual_op": 0
}2018/12/07 00:06:54
2018/12/07 00:06:54
| delegatee | fpcorg |
| delegator | steem |
| vesting shares | 9861.400457 VESTS |
| Transaction Info | Block #28339769/Trx dba54b38e23d82cc202ed4b4f4d9c283fcb7fc6d |
View Raw JSON Data
{
"block": 28339769,
"op": [
"delegate_vesting_shares",
{
"delegatee": "fpcorg",
"delegator": "steem",
"vesting_shares": "9861.400457 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2018-12-07T00:06:54",
"trx_id": "dba54b38e23d82cc202ed4b4f4d9c283fcb7fc6d",
"trx_in_block": 35,
"virtual_op": 0
}2018/11/28 14:00:36
2018/11/28 14:00:36
| delegatee | fpcorg |
| delegator | steem |
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}fpcorgpublished a new post: the-systemic-fintech-revolution2018/09/06 22:28:45
fpcorgpublished a new post: the-systemic-fintech-revolution
2018/09/06 22:28:45
| author | fpcorg |
| body | By: Astrid F. Kowlessar | September 5, 2018 Fiscal 2018 has been a momentous year for US financial technology (FinTech) organizations. On July 31, 2018, the Office of the Comptroller of the Currency (OCC) began the process of accepting applications from non-depository FinTech companies for a special purpose national bank charter. Such action has been spurred by the Trump administration’s call for a regulatory climate that supports financial technology and innovation, mandated by the US Treasury Department under Executive Order 13772. The OCC’s special purpose charter allows FinTech Companies to have nationwide operations as opposed to needing state-by-state licensing per transactions. FinTech companies that qualify cannot obtain FDIC deposit insurance, as the most glaring requirement revolves around the non depository nature of all FinTech banking transactions. All FinTech companies under this umbrella may participate in lending services and facilitating payments without any need to partner with traditional banks. Financial policy under the National Bank Act will now govern FinTech companies that fall under his new banking status. Specifically, reporting requirements which pertain to the Dodd-Frank Act, “CAMELS” supervision and all legal lending limits now count for FinTech companies. Such inclusion of FinTech into mainstream banking compliance marks an important turning point in our financial system, one where we finally recognize FinTech as a systemically important financial entity that is rapidly changing the fabric of both microeconomic lending and macroeconomic advancement. Professor Saule T. Omarova of Cornell Law School (CLS) has delineated concrete insight into impacts of FinTech’s systemic importance. Financial experts, governments and policymakers have only recognized the longevity of financial technology in the last five years. For most, early FinTech was considered purely disruptive in a democratizing fashion: providing unorthodox financial solutions to outlier demographics such as lending to less wealthy demographics, or providing currency alternatives to speculative renegade traders. However, the advent of Blockchain technology’s wide reach into countless industries has propelled FinTech as innovative, stabilizing and fostering of long term growth. Policymakers are now realizing that disruptive does not mean destabilizing! Omarova’s CLS whitepaper “New Tech v. New Deal: Fintech As A Systemic Phenomenon” makes the point to not trivialize the impact which FinTech has on the financial system. As stated, FinTech’s systemic and vastly growing influence on the structure and velocity of global payments cannot be ignored. According to Omarova, global financial policymakers have thus far treated the issues that challenge FinTech – cybersecurity, regulatory governance, legal obscurity, transactional accountability – as natural glitches to be naturally worked out in the private market. However, as Omarova so rightly says “money and power are two sides of the same coin…Finance is, and always will be, a matter of utmost and direct public policy significance.” FinTech commands systemic power, and it is best to include FinTech players in the wider audience of finance. Long standing behemoths such as Goldman Sachs have been savvy in the adoption of financial technologies such as bitcoin derivatives trading. Institutions such as the OCC must recognize the same. Debevoise & Plimpton LLP via the Columbia Law School Blue Sky Blog examined further changes to the US regulatory framework, recommended by the US Department of Treasury, which will aid further financial technology innovation in the mainstream financial system. These are as follows: The creation of a FinTech Industry Advisory Panel comprising both state and federal agencies to pilot regulatory sandboxes for early stage FinTech companies. Regulatory sandboxes are common in the United Kingdom, and allows regulators practical insight into growing financial technology. Marketplace Lending, where banks will be fully identified as the official lender of loans originated, even if these loans are sold to multiple third parties. In this manner, financial accountability is easily identified. Clarity in regards to the Federal Reserve Board’s definition of “control” within the Bank Holding Company (BHC) Act. Specifically, the definition must clarify and support BHC permissible investment activities in financial technology. Third-Party Oversight, where compliance checks along the bank supply chain has led to an over abundance of costs. There needs to be blanket standardization of such costs. Regulators need to provide more consistent and facilitating rules pertaining to credit modeling and data without impeding accuracy and privacy. The standardization and flexibility of payments and transmitter requirements are uppermost to ensure systemic flow within the financial system under FinTech, as financial technology continues to capture a huge bulk of the payments sector. These recommendations from the US Department of Treasury come under the auspices of Executive Order 13772, and support US financial system growth and innovation. State and Federal policymakers must continue to harmonize regulatory framework to harness the systemic power of US financial technology. Sources: Lyons, Gregory et al. “Debevoise & Plimpton Discusses a Turning Point for Fin Tech.” CLS Blue Sky Blog Online. 2018. Myerson, Lee et al. “Federal FinTech Bank Charters.” Harvard Law School Forum on Corporate Governance Online. 2018. Omarova, Saule T. “ New Tech v. New Deal: Fintech As A Systemic Phenomenon.” Cornell Law School Legal Studies Online. 2018. |
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"body": "By: Astrid F. Kowlessar | September 5, 2018\n\nFiscal 2018 has been a momentous year for US financial technology (FinTech) organizations. On July 31, 2018, the Office of the Comptroller of the Currency (OCC) began the process of accepting applications from non-depository FinTech companies for a special purpose national bank charter. Such action has been spurred by the Trump administration’s call for a regulatory climate that supports financial technology and innovation, mandated by the US Treasury Department under Executive Order 13772. The OCC’s special purpose charter allows FinTech Companies to have nationwide operations as opposed to needing state-by-state licensing per transactions. 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Omarova of Cornell Law School (CLS) has delineated concrete insight into impacts of FinTech’s systemic importance. Financial experts, governments and policymakers have only recognized the longevity of financial technology in the last five years. For most, early FinTech was considered purely disruptive in a democratizing fashion: providing unorthodox financial solutions to outlier demographics such as lending to less wealthy demographics, or providing currency alternatives to speculative renegade traders. However, the advent of Blockchain technology’s wide reach into countless industries has propelled FinTech as innovative, stabilizing and fostering of long term growth. Policymakers are now realizing that disruptive does not mean destabilizing!\n\nOmarova’s CLS whitepaper “New Tech v. New Deal: Fintech As A Systemic Phenomenon” makes the point to not trivialize the impact which FinTech has on the financial system. As stated, FinTech’s systemic and vastly growing influence on the structure and velocity of global payments cannot be ignored. According to Omarova, global financial policymakers have thus far treated the issues that challenge FinTech – cybersecurity, regulatory governance, legal obscurity, transactional accountability – as natural glitches to be naturally worked out in the private market. However, as Omarova so rightly says “money and power are two sides of the same coin…Finance is, and always will be, a matter of utmost and direct public policy significance.” FinTech commands systemic power, and it is best to include FinTech players in the wider audience of finance. Long standing behemoths such as Goldman Sachs have been savvy in the adoption of financial technologies such as bitcoin derivatives trading. Institutions such as the OCC must recognize the same.\n\nDebevoise & Plimpton LLP via the Columbia Law School Blue Sky Blog examined further changes to the US regulatory framework, recommended by the US Department of Treasury, which will aid further financial technology innovation in the mainstream financial system. These are as follows:\n\nThe creation of a FinTech Industry Advisory Panel comprising both state and federal agencies to pilot regulatory sandboxes for early stage FinTech companies. Regulatory sandboxes are common in the United Kingdom, and allows regulators practical insight into growing financial technology.\n\nMarketplace Lending, where banks will be fully identified as the official lender of loans originated, even if these loans are sold to multiple third parties. In this manner, financial accountability is easily identified.\n\nClarity in regards to the Federal Reserve Board’s definition of “control” within the Bank Holding Company (BHC) Act. Specifically, the definition must clarify and support BHC permissible investment activities in financial technology. Third-Party Oversight, where compliance checks along the bank supply chain has led to an over abundance of costs. There needs to be blanket standardization of such costs.\n\nRegulators need to provide more consistent and facilitating rules pertaining to credit modeling and data without impeding accuracy and privacy.\n\nThe standardization and flexibility of payments and transmitter requirements are uppermost to ensure systemic flow within the financial system under FinTech, as financial technology continues to capture a huge bulk of the payments sector.\n\nThese recommendations from the US Department of Treasury come under the auspices of Executive Order 13772, and support US financial system growth and innovation. State and Federal policymakers must continue to harmonize regulatory framework to harness the systemic power of US financial technology.\n\nSources:\nLyons, Gregory et al. “Debevoise & Plimpton Discusses a Turning Point for Fin Tech.” CLS Blue Sky Blog Online. 2018.\nMyerson, Lee et al. “Federal FinTech Bank Charters.” Harvard Law School Forum on Corporate Governance Online. 2018.\nOmarova, Saule T. “ New Tech v. New Deal: Fintech As A Systemic Phenomenon.” Cornell Law School Legal Studies Online. 2018.",
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2018/08/18 18:42:03
| author | steemitboard |
| body | Congratulations @fpcorg! You have completed the following achievement on Steemit and have been rewarded with new badge(s) : [](http://steemitboard.com/@fpcorg) Award for the number of upvotes received <sub>_Click on the badge to view your Board of Honor._</sub> <sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub> > Do you like [SteemitBoard's project](https://steemit.com/@steemitboard)? Then **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**! |
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}newsteemiansupvoted (10.00%) @fpcorg / financial-policy-council-our-mission2018/08/18 11:46:09
newsteemiansupvoted (10.00%) @fpcorg / financial-policy-council-our-mission
2018/08/18 11:46:09
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| author | newsteemians |
| body | Welcome to Steem Community @fpcorg! As a gentle reminder, please keep your master password safe. The best practise is to use your private posting key to login to Steemit when posting; and the private active key for wallet related transactions. In the New Steemians project, we help new members of steem by education and resteeeming their articles. Get your articles resteemed too for maximum exposure. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch |
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}boodterupvoted (20.00%) @fpcorg / financial-policy-council-our-mission2018/08/18 10:14:00
boodterupvoted (20.00%) @fpcorg / financial-policy-council-our-mission
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2018/08/17 21:18:54
| author | tuanis |
| body | **Welcome to steemit @fpcorg.** - Join @minnowsupport project for more help - Checkout @helpie for daily trivias and useful information - Join @qurator a good quality support project - Checkout @steembasicincome Follow me @tuanis for random votes daily please checkout the report Welcome the new steemians. Have a great day! |
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tuanisupvoted (14.00%) @fpcorg / financial-policy-council-our-mission
2018/08/17 21:18:51
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2018/08/17 13:53:30
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}cheetahreplied to @fpcorg / cheetah-re-fpcorgmake-cannabis-great-again2018/08/17 12:17:36
cheetahreplied to @fpcorg / cheetah-re-fpcorgmake-cannabis-great-again
2018/08/17 12:17:36
| author | cheetah |
| body | Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: http://www.financialpolicycouncil.org/blog/make-cannabis-great-again/ |
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}alphabotupvoted (1.00%) @fpcorg / make-cannabis-great-again2018/08/17 12:17:36
alphabotupvoted (1.00%) @fpcorg / make-cannabis-great-again
2018/08/17 12:17:36
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}cheetahupvoted (0.08%) @fpcorg / make-cannabis-great-again2018/08/17 12:17:33
cheetahupvoted (0.08%) @fpcorg / make-cannabis-great-again
2018/08/17 12:17:33
| author | fpcorg |
| permlink | make-cannabis-great-again |
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}fpcorgpublished a new post: make-cannabis-great-again2018/08/17 12:17:24
fpcorgpublished a new post: make-cannabis-great-again
2018/08/17 12:17:24
| author | fpcorg |
| body | By: Paul Vancea | May 7, 2018 https://cdn.steemitimages.com/DQmc4zSMf79Q7jA1w7W3cbViWPokjqmXDGtAfkbE9i3d3bb/foliage-1157792_1920.jpg The cultivation of Cannabis can be traced back at least 12,000 years, which places the plant among humanity’s oldest cultivated crops. Ancient empires such as China, Egypt, Syria, and India employed every component of the plant: the root for medicine, the stem for textiles, the flowers for medicine and intoxication, and the seeds for food and oils. Older civilizations used Cannabis as a remedy for headaches, edema, inflammation, rheumatism, gout. It was even used to relieve sorrow and bad humor. Cannabis was the great plant, as it was considered a gift from God, a plant that can be used ubiquitously, in virtually every part of human life. However, as society evolved, Cannabis restrictions were introduced. HISTORY OF CANNABIS LEGISLATION In the past century, there have been no less than 16 pieces of legislation that criminalized Cannabis in the United States. These pieces of legislation have dictated the U.S. policy towards Marijuana and Cannabis use without regard for modern innovation, medicinal uses or public support; none were based on scientific studies or sound logic – they were the result of special interests and sloppy voting practices by politicians. While states have made tremendous progress in legalization, this historically irrational legislation of Cannabis survives on a federal level in 2018 and is the single biggest obstacle the Cannabis industry is facing today. Cannabis prohibition began in many states in 1906, and by the 1930s Cannabis was fully regulated as an illegal drug in every state. The Marihuana Tax Act of 1937 was the first federal regulation of the plant. In 1969, the Supreme Court ruled the Marihuana Tax Act to be unconstitutional, violating the Fifth Amendment regarding self-incrimination. In response to the Supreme Court’s ruling, the Nixon administration supported Congress and passed the Controlled Substances Act (CSA) in 1970, which stated the Cannabis has a high potential for abuse, and no medical use. CSA prohibited the use of Cannabis for any purpose (recreational and medical), and classified the plant under Schedule I, together with heroin and LSD. President Nixon formed the Shafer Commission in 1972 to study the use of Cannabis and provide policy recommendations. The Shafer Commission reported in its findings that Cannabis did not cause any considerable dangers to society, and recommended decriminalization of the plant. President Nixon publicly rejected the findings and fully ignored the recommendations. Since then, multiple efforts to reschedule cannabis under the CSA have failed. On the state level, governments have continued to push for policies that conflict with federal law, beginning with California’s Proposition 215 in 1996. By 2018, 30 states plus Washington D.C. have legalized medical cannabis, and 8 states have legalized recreational use. HEALTHCARE IMPLICATIONS https://cdn.steemitimages.com/DQmYHaoKGUu2mPo6jTHHyYPSXF4p4soQf4ZFnKNagoXiuYu/caduceus-2789577_1280.png Research shows that Cannabis is not a gateway drug, but on the contrary, it is an addiction exit drug. Cannabis has been proven to help opioid, heroin, and even alcohol addicts avoid the nasty withdrawals associated with opioid addiction. Millions are suffering from addiction to opiates (Heroin, Codeine, Morphine) and synthetic opioid medications (Oxycodone, Fentanyl, Hydrocodone etc.). Abusers of opioid drugs had a 16-percent lower likelihood of relapsing when they had the assistance of marijuana for their recovery. Furthermore, states that allow its citizens to use Cannabis to treat specific medical conditions showed a 6% lower rate of opioid prescription. With widespread over-prescription of opiates, this could provide a solution to cut down on users. Cannabis not only helps opioid addicts with their recovery process, but it can help patients avoid opioids altogether. Cannabis has been proven to relieve patients’ pain, drastically reducing the need for use of opioid, and fatal opioid overdoses. Medical marijuana patients report fewer unpleasant side effects with marijuana than with many traditional and stronger drug treatments. Medical marijuana patients argue they are able to function more fully in daily activities and work; unlike with many prescription opiates for symptom relief. Other than significantly reducing with use, addiction and withdrawal, medical marijuana is used in treating a myriad of medical conditions, including cancer, seizures, HIV, Parkinson’s, etc. Wide-spread legalization will only accelerate these cures and studies. Cannabis’ full impact on the healthcare industry is still to be determined, but it is well within tens of billions of dollars, and provides a much safer, healthy and less painful alternative to opioids. BUSINESS IMPLICATIONS Money does not like uncertainty. With the current uncertainty in U.S. federal law regarding Cannabis, there is a lot of money that is shy to enter and help develop the U.S. Cannabis industry. Still, legal sales of Cannabis reached $6.9 billion in 2016 and are projected to rise all the way to $50 billion by 2026. Legalizing Cannabis nationwide would create at least $132 billion in tax revenue and more than a million jobs in the U.S. within the next decade. Despite 30 states having legalized Cannabis in some capacity, including 8 states that legalized it for recreational uses, it seems that AG Jeff Sessions is offering no chance of legalization at a federal level. Even though many States have legalized cannabis, the Federal regulations stops the entrepreneurs from operating at fully capacity. National prohibitions against interstate cannabis commerce and federal banking and drug laws are the biggest obstacle for this industry. Cannabis entrepreneurs have very limited access to funds, loans, even bank accounts, business and personal. Some of the entrepreneurs we spoke with expressed their frustration with the current legislation. First, they cannot find banks that allow them to open business accounts for their companies. This makes it extremely difficult to conduct any kind of business; they cannot properly receive investments, process payroll, pay suppliers, use credit cards, etc. There are many cases where banks agreed to open an account for a Cannabis business, only to cancel those accounts weeks later and kick those businesses out. In some cases, not only did they cancel the business’ account, but they canceled the business’s founder’s personal accounts with the same bank, even though they have been banking with that institution for many years. Entrepreneurs in the Cannabis industry have no tools to be transparent about their business, cannot write off any business expenses, and cannot even file their taxes properly. How do you file federal taxes for a Cannabis business when Cannabis is illegal? Even non-Cannabis, ancillary companies are suffering under this law, simply for being attributed with possible Cannabis applications. It is time to stop being SOLUTIONS Declassify Cannabis from Schedule I to Schedule II. Decades of legal red tape, illegality and raids due to Schedule I classification have prevented the U.S. Cannabis industry from fully maturing and providing life changing cures, painless treatments, and healing solutions. Propaganda and misinformation must be eradicated so that safe innovation can be brought to an industry that has already garnered widespread public support to provide safe and efficient healthcare solutions, as well as lucrative business and tax opportunities for the U.S. Provide ways to educate: the federal government should make a concerted effort to educate consumers of the differences in the chemical makeup of the plants especially regarding non-addictive compounds like CBD. Much of the fear is spread by propaganda. Medical marijuana compounds and methods that are used strictly in the reduction of pain and do not react with mental/job performance are very prevalent in the space. Eliminate any federal red tape that would prevent the Cannabis industry from growing. The U.S. Cannabis industry is at least 50 years behind in scientific and medical studies of Cannabis, which can provide impactful cures for our citizens. Also, too many patients desperately need it as soon as possible, but Cannabis currently has very little penetration of the healthcare system. Slowing medical Cannabis adoption accomplishes little other than to hurt patients. CONCLUSION During his 8-year tenure, President Obama expressed his support for the Cannabis industry, but he proved to be a closet supporter. He did not legalize Cannabis on a federal level; he simply instructed U.S. attorneys not to enforce the federal Cannabis law. As soon as Jeff Sessions was appointed as Attorney General, AG Sessions instructed those same attorneys to enforce the law, leaving many Cannabis companies vulnerable to raids and delegitimization. Entrepreneurs in the space should be able to develop and innovate without fear of retribution or be directed to close their businesses. The current ambiguity in this industry is hindering the modernization that could occur. Declassifying Cannabis from Schedule I to Schedule II, is the single lowest hanging fruit for the Trump Administration to curb opioid addiction and treatment (which is a national health emergency), drastically improve the healthcare of U.S. citizens and reduce their healthcare cost burden, add more than 1 million jobs to the economy and add $132+ billion in federal tax revenue within one decade. This one piece of legislation can make one of the biggest contributions to Making America Great Again, on multiple levels. President Trump has already instituted a task force to determine what the Cannabis policy should be in the U.S. and I am optimistic that new developments will be made towards legalization. SOURCES: https://www.statnews.com/2018/04/02/marijuana-legal-opioid-prescriptions/ https://www.rollingstone.com/culture/culture-news/medical-pot-is-our-best-hope-to-fight-the-opioid-epidemic-198374/ https://www.grandviewresearch.com/industry-analysis/medical-marijuana-market https://medicalmarijuana.procon.org/view.timeline.php?timelineID=000026 http://www.drugpolicy.org/issues/marijuana-legalization-and-regulation http://www.chicagotribune.com/news/nationworld/ct-legal-marijuana-revenue-jobs-20180110-story.html |
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"body": "By: Paul Vancea | May 7, 2018\n\nhttps://cdn.steemitimages.com/DQmc4zSMf79Q7jA1w7W3cbViWPokjqmXDGtAfkbE9i3d3bb/foliage-1157792_1920.jpg\n\nThe cultivation of Cannabis can be traced back at least 12,000 years, which places the plant among humanity’s oldest cultivated crops. Ancient empires such as China, Egypt, Syria, and India employed every component of the plant: the root for medicine, the stem for textiles, the flowers for medicine and intoxication, and the seeds for food and oils. Older civilizations used Cannabis as a remedy for headaches, edema, inflammation, rheumatism, gout. It was even used to relieve sorrow and bad humor. Cannabis was the great plant, as it was considered a gift from God, a plant that can be used ubiquitously, in virtually every part of human life. However, as society evolved, Cannabis restrictions were introduced.\n\nHISTORY OF CANNABIS LEGISLATION\nIn the past century, there have been no less than 16 pieces of legislation that criminalized Cannabis in the United States. These pieces of legislation have dictated the U.S. policy towards Marijuana and Cannabis use without regard for modern innovation, medicinal uses or public support; none were based on scientific studies or sound logic – they were the result of special interests and sloppy voting practices by politicians. While states have made tremendous progress in legalization, this historically irrational legislation of Cannabis survives on a federal level in 2018 and is the single biggest obstacle the Cannabis industry is facing today.\n\nCannabis prohibition began in many states in 1906, and by the 1930s Cannabis was fully regulated as an illegal drug in every state. The Marihuana Tax Act of 1937 was the first federal regulation of the plant. In 1969, the Supreme Court ruled the Marihuana Tax Act to be unconstitutional, violating the Fifth Amendment regarding self-incrimination. In response to the Supreme Court’s ruling, the Nixon administration supported Congress and passed the Controlled Substances Act (CSA) in 1970, which stated the Cannabis has a high potential for abuse, and no medical use. CSA prohibited the use of Cannabis for any purpose (recreational and medical), and classified the plant under Schedule I, together with heroin and LSD. President Nixon formed the Shafer Commission in 1972 to study the use of Cannabis and provide policy recommendations. The Shafer Commission reported in its findings that Cannabis did not cause any considerable dangers to society, and recommended decriminalization of the plant. President Nixon publicly rejected the findings and fully ignored the recommendations.\n\nSince then, multiple efforts to reschedule cannabis under the CSA have failed. On the state level, governments have continued to push for policies that conflict with federal law, beginning with California’s Proposition 215 in 1996. By 2018, 30 states plus Washington D.C. have legalized medical cannabis, and 8 states have legalized recreational use.\n\nHEALTHCARE IMPLICATIONS\n\nhttps://cdn.steemitimages.com/DQmYHaoKGUu2mPo6jTHHyYPSXF4p4soQf4ZFnKNagoXiuYu/caduceus-2789577_1280.png\n\nResearch shows that Cannabis is not a gateway drug, but on the contrary, it is an addiction exit drug. Cannabis has been proven to help opioid, heroin, and even alcohol addicts avoid the nasty withdrawals associated with opioid addiction. Millions are suffering from addiction to opiates (Heroin, Codeine, Morphine) and synthetic opioid medications (Oxycodone, Fentanyl, Hydrocodone etc.). Abusers of opioid drugs had a 16-percent lower likelihood of relapsing when they had the assistance of marijuana for their recovery. Furthermore, states that allow its citizens to use Cannabis to treat specific medical conditions showed a 6% lower rate of opioid prescription. With widespread over-prescription of opiates, this could provide a solution to cut down on users.\n\nCannabis not only helps opioid addicts with their recovery process, but it can help patients avoid opioids altogether. Cannabis has been proven to relieve patients’ pain, drastically reducing the need for use of opioid, and fatal opioid overdoses. Medical marijuana patients report fewer unpleasant side effects with marijuana than with many traditional and stronger drug treatments. Medical marijuana patients argue they are able to function more fully in daily activities and work; unlike with many prescription opiates for symptom relief. Other than significantly reducing with use, addiction and withdrawal, medical marijuana is used in treating a myriad of medical conditions, including cancer, seizures, HIV, Parkinson’s, etc. Wide-spread legalization will only accelerate these cures and studies. Cannabis’ full impact on the healthcare industry is still to be determined, but it is well within tens of billions of dollars, and provides a much safer, healthy and less painful alternative to opioids.\n\nBUSINESS IMPLICATIONS\n\nMoney does not like uncertainty. With the current uncertainty in U.S. federal law regarding Cannabis, there is a lot of money that is shy to enter and help develop the U.S. Cannabis industry. Still, legal sales of Cannabis reached $6.9 billion in 2016 and are projected to rise all the way to $50 billion by 2026. Legalizing Cannabis nationwide would create at least $132 billion in tax revenue and more than a million jobs in the U.S. within the next decade.\n\nDespite 30 states having legalized Cannabis in some capacity, including 8 states that legalized it for recreational uses, it seems that AG Jeff Sessions is offering no chance of legalization at a federal level.\n\nEven though many States have legalized cannabis, the Federal regulations stops the entrepreneurs from operating at fully capacity. National prohibitions against interstate cannabis commerce and federal banking and drug laws are the biggest obstacle for this industry. Cannabis entrepreneurs have very limited access to funds, loans, even bank accounts, business and personal.\n\nSome of the entrepreneurs we spoke with expressed their frustration with the current legislation. First, they cannot find banks that allow them to open business accounts for their companies. This makes it extremely difficult to conduct any kind of business; they cannot properly receive investments, process payroll, pay suppliers, use credit cards, etc. There are many cases where banks agreed to open an account for a Cannabis business, only to cancel those accounts weeks later and kick those businesses out. In some cases, not only did they cancel the business’ account, but they canceled the business’s founder’s personal accounts with the same bank, even though they have been banking with that institution for many years.\n\nEntrepreneurs in the Cannabis industry have no tools to be transparent about their business, cannot write off any business expenses, and cannot even file their taxes properly. How do you file federal taxes for a Cannabis business when Cannabis is illegal?\n\nEven non-Cannabis, ancillary companies are suffering under this law, simply for being attributed with possible Cannabis applications. It is time to stop being\n\n\nSOLUTIONS\n\nDeclassify Cannabis from Schedule I to Schedule II. Decades of legal red tape, illegality and raids due to Schedule I classification have prevented the U.S. Cannabis industry from fully maturing and providing life changing cures, painless treatments, and healing solutions. Propaganda and misinformation must be eradicated so that safe innovation can be brought to an industry that has already garnered widespread public support to provide safe and efficient healthcare solutions, as well as lucrative business and tax opportunities for the U.S.\n\nProvide ways to educate: the federal government should make a concerted effort to educate consumers of the differences in the chemical makeup of the plants especially regarding non-addictive compounds like CBD. Much of the fear is spread by propaganda. Medical marijuana compounds and methods that are used strictly in the reduction of pain and do not react with mental/job performance are very prevalent in the space.\n\nEliminate any federal red tape that would prevent the Cannabis industry from growing. The U.S. Cannabis industry is at least 50 years behind in scientific and medical studies of Cannabis, which can provide impactful cures for our citizens. Also, too many patients desperately need it as soon as possible, but Cannabis currently has very little penetration of the healthcare system. Slowing medical Cannabis adoption accomplishes little other than to hurt patients.\n\nCONCLUSION\n\nDuring his 8-year tenure, President Obama expressed his support for the Cannabis industry, but he proved to be a closet supporter. He did not legalize Cannabis on a federal level; he simply instructed U.S. attorneys not to enforce the federal Cannabis law. As soon as Jeff Sessions was appointed as Attorney General, AG Sessions instructed those same attorneys to enforce the law, leaving many Cannabis companies vulnerable to raids and delegitimization. Entrepreneurs in the space should be able to develop and innovate without fear of retribution or be directed to close their businesses. The current ambiguity in this industry is hindering the modernization that could occur.\n\nDeclassifying Cannabis from Schedule I to Schedule II, is the single lowest hanging fruit for the Trump Administration to curb opioid addiction and treatment (which is a national health emergency), drastically improve the healthcare of U.S. citizens and reduce their healthcare cost burden, add more than 1 million jobs to the economy and add $132+ billion in federal tax revenue within one decade. This one piece of legislation can make one of the biggest contributions to Making America Great Again, on multiple levels. President Trump has already instituted a task force to determine what the Cannabis policy should be in the U.S. and I am optimistic that new developments will be made towards legalization.\n\nSOURCES:\nhttps://www.statnews.com/2018/04/02/marijuana-legal-opioid-prescriptions/\nhttps://www.rollingstone.com/culture/culture-news/medical-pot-is-our-best-hope-to-fight-the-opioid-epidemic-198374/\nhttps://www.grandviewresearch.com/industry-analysis/medical-marijuana-market\nhttps://medicalmarijuana.procon.org/view.timeline.php?timelineID=000026\nhttp://www.drugpolicy.org/issues/marijuana-legalization-and-regulation\nhttp://www.chicagotribune.com/news/nationworld/ct-legal-marijuana-revenue-jobs-20180110-story.html",
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}fastresteemupvoted (1.00%) @fpcorg / what-does-it-take-to-be-a-big-disruptor2018/08/17 12:07:06
fastresteemupvoted (1.00%) @fpcorg / what-does-it-take-to-be-a-big-disruptor
2018/08/17 12:07:06
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}fpcorgpublished a new post: what-does-it-take-to-be-a-big-disruptor2018/08/17 12:06:57
fpcorgpublished a new post: what-does-it-take-to-be-a-big-disruptor
2018/08/17 12:06:57
| author | fpcorg |
| body |  By: Ziad K. Abdelnour | August 4, 2018 Today, almost every new technology is being called “disruptive,” and it’s mostly because that specific word has been overused for so long. It became a cliché, but there are situations where it fits perfectly. Some revolutionary companies, like Aereo (the television streaming company) and Uber (the ride-sharing app,) have entered the market and used their potential to disrupt the way their industry operates. These innovations are known as the “big bang disruptors” and were evident in hypercompetitive markets, such as computing, gaming, and electronics. However, they have moved into other industries as well, and now there isn’t an industry that hasn’t experienced an enormous transformation due to these big bang disruptors. Have you asked yourself what does it take to be a significant disruptor? Here is what you should know about it. Listen to Visionaries Who should we consider a visionary? Anyone from your employees who have decided to move from one to another successful startup because they see a more promising future, to industry thought leaders like Elon Musk or Steve Jobs, who are persistent in chasing the dream of the future. They are the truth-tellers because their lives depend on it, and they can show us things that are not so obvious. And besides the truth-telling people, future market demand can be indicated by crowdfunding campaigns and today’s enormous data sets. Experiment The most innovative products used to be developed by the companies with the most robust R&D (Research and Development) departments. Today, small tests can be conducted without enormous budgets. Experiments with the potential to grow into disruptive ideas. The risk and cost of experimenting are getting low. It’s Also about Timing No, it’s not a matter of luck because luck plays such a small role. Take Amazon’s Kindle for example. Jeff Bezos has decided to avoid all the problems that other e-readers were encountering with the technology, waiting for it to mature. When it hit the market, it wasn’t the first e-reader out there, but it was the best. That’s how the timing was crucial to the success of a big bang disruptor. Handling the Quick Scaling Once a disruptive product enters the market, it creates an enormous demand. However, such quick success comes as a challenge because you need to be prepared (logistically) for fast business growth. Consider finding partners or outsource ahead of time to get help when needed. Stay Competitive Once you make a disruption, new iancumbents will start flowing into the market, trying to get their piece of the cake. Every product has a saturation point – when the user base peaks and then continue to fall. Give your best to anticipate your product’s saturation point. Think What You Can Do Next At one point, things will start slowing down, but you will be prepared. Plan your next move before the fire starts dying down and sell your assets before they turn into liabilities. Use your money to develop the next product or start reducing your expenses early on. Don’t use all your resources to that one breakthrough product. In the beginning, you were a disruptor. Later, you will also become susceptible to disruption. Anticipate threats to stay alive, and realize that you’re being slowed down by your product that was once a disruptive innovation. Quit while you’re ahead and avoid ending up spending vast chunks of your profits trying to save an industry in decline. For a peek into the future and getting a clue about emerging industries and markets where you may enter as a disruptive entrepreneur, there is the Financial Policy Council. To us, America is the land of opportunity, and we want to inform, educate, and empower entrepreneurs by helping them understand, support, and recognize the issues and opportunities of their concern. Come join us and be part of decisions that will shape the country’s future and the world. August 4, 2018 |
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| permlink | what-does-it-take-to-be-a-big-disruptor |
| title | What Does It Take to Be a BIG Disruptor? |
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"body": "\n\nBy: Ziad K. Abdelnour | August 4, 2018\n\nToday, almost every new technology is being called “disruptive,” and it’s mostly because that specific word has been overused for so long. It became a cliché, but there are situations where it fits perfectly. Some revolutionary companies, like Aereo (the television streaming company) and Uber (the ride-sharing app,) have entered the market and used their potential to disrupt the way their industry operates.\n\nThese innovations are known as the “big bang disruptors” and were evident in hypercompetitive markets, such as computing, gaming, and electronics. However, they have moved into other industries as well, and now there isn’t an industry that hasn’t experienced an enormous transformation due to these big bang disruptors.\n\nHave you asked yourself what does it take to be a significant disruptor? Here is what you should know about it.\n\nListen to Visionaries\nWho should we consider a visionary? Anyone from your employees who have decided to move from one to another successful startup because they see a more promising future, to industry thought leaders like Elon Musk or Steve Jobs, who are persistent in chasing the dream of the future. They are the truth-tellers because their lives depend on it, and they can show us things that are not so obvious. And besides the truth-telling people, future market demand can be indicated by crowdfunding campaigns and today’s enormous data sets.\n\nExperiment\nThe most innovative products used to be developed by the companies with the most robust R&D (Research and Development) departments. Today, small tests can be conducted without enormous budgets. Experiments with the potential to grow into disruptive ideas. The risk and cost of experimenting are getting low.\n\nIt’s Also about Timing\nNo, it’s not a matter of luck because luck plays such a small role. Take Amazon’s Kindle for example. Jeff Bezos has decided to avoid all the problems that other e-readers were encountering with the technology, waiting for it to mature. When it hit the market, it wasn’t the first e-reader out there, but it was the best. That’s how the timing was crucial to the success of a big bang disruptor.\n\nHandling the Quick Scaling\nOnce a disruptive product enters the market, it creates an enormous demand. However, such quick success comes as a challenge because you need to be prepared (logistically) for fast business growth. Consider finding partners or outsource ahead of time to get help when needed.\n\nStay Competitive\nOnce you make a disruption, new iancumbents will start flowing into the market, trying to get their piece of the cake. Every product has a saturation point – when the user base peaks and then continue to fall. Give your best to anticipate your product’s saturation point.\n\nThink What You Can Do Next\nAt one point, things will start slowing down, but you will be prepared. Plan your next move before the fire starts dying down and sell your assets before they turn into liabilities. Use your money to develop the next product or start reducing your expenses early on. Don’t use all your resources to that one breakthrough product.\n\nIn the beginning, you were a disruptor. Later, you will also become susceptible to disruption. Anticipate threats to stay alive, and realize that you’re being slowed down by your product that was once a disruptive innovation. Quit while you’re ahead and avoid ending up spending vast chunks of your profits trying to save an industry in decline.\n\nFor a peek into the future and getting a clue about emerging industries and markets where you may enter as a disruptive entrepreneur, there is the Financial Policy Council. To us, America is the land of opportunity, and we want to inform, educate, and empower entrepreneurs by helping them understand, support, and recognize the issues and opportunities of their concern.\n\nCome join us and be part of decisions that will shape the country’s future and the world.\n\nAugust 4, 2018",
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2018/08/17 11:57:15
| author | cheetah |
| body | Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: http://www.financialpolicycouncil.org/about-us/ |
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2018/08/17 11:57:12
| author | steemladder |
| body | <center> Welcome to Steem @fpcorg. <br/><br/>Do read [A thumb rule for steemit minnows - 50:100:200:25](https://steemit.com/steemit/@steemladder/a-thumb-rule-for-steemit-minnows-50-100-200-25) for starter tips. <br/> <br/>Spend time reading [Steem Blue Paper](https://steem.io/steem-bluepaper.pdf) to know how Steem blockchain works and if you still have any queries ask them on our [Ask me anything about Steemit post](https://steemit.com/steem/@steemladder/there-are-no-dumb-questions-ask-anything-you-want-to-know-about-steem-blockchain) and we will try to answer that.<br/><br/>All the Best!!! </center> |
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| parent permlink | financial-policy-council-our-mission |
| permlink | re-fpcorg-financial-policy-council-our-mission-20180817t115707830z |
| title | Welcome to Steem! |
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"body": "<center>\nWelcome to Steem @fpcorg. <br/><br/>Do read [A thumb rule for steemit minnows - 50:100:200:25](https://steemit.com/steemit/@steemladder/a-thumb-rule-for-steemit-minnows-50-100-200-25) for starter tips. <br/> <br/>Spend time reading [Steem Blue Paper](https://steem.io/steem-bluepaper.pdf) to know how Steem blockchain works and if you still have any queries ask them on our [Ask me anything about Steemit post](https://steemit.com/steem/@steemladder/there-are-no-dumb-questions-ask-anything-you-want-to-know-about-steem-blockchain) and we will try to answer that.<br/><br/>All the Best!!!\n</center>",
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}steemladderupvoted (5.00%) @fpcorg / financial-policy-council-our-mission2018/08/17 11:57:12
steemladderupvoted (5.00%) @fpcorg / financial-policy-council-our-mission
2018/08/17 11:57:12
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}cheetahupvoted (0.08%) @fpcorg / financial-policy-council-our-mission2018/08/17 11:57:09
cheetahupvoted (0.08%) @fpcorg / financial-policy-council-our-mission
2018/08/17 11:57:09
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}ax3upvoted (1.00%) @fpcorg / financial-policy-council-our-mission2018/08/17 11:57:09
ax3upvoted (1.00%) @fpcorg / financial-policy-council-our-mission
2018/08/17 11:57:09
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}fpcorgpublished a new post: financial-policy-council-our-mission2018/08/17 11:57:00
fpcorgpublished a new post: financial-policy-council-our-mission
2018/08/17 11:57:00
| author | fpcorg |
| body |  The mission of the Financial Policy Council Inc. (“FPC”) is to formulate and promote sound public policy based on the principles of free enterprise and wealth creation as envisioned by the ideals of the American Founding Fathers. FPC is a public policy-oriented organization which seeks to educate and inform the public about economic and fiscal matters. We view America as the land of opportunity where freedom and prosperity have flourished. Our goal is to ensure that America retains an economic and regulatory system conducive to economic growth and wealth creation, and is not derailed by poorly formulated and reactive economic, fiscal and tax policy. In addition, we strongly believe that America reclaim and retain its leading role in the global economic community. We seek to achieve our mission in the following ways: https://cdn.steemitimages.com/DQmd2Di7DH7LsmeAma3sAGUVgtPnEPbYUtAYWnPERiuY1u6/news-1074604_1920.jpg INFORM Policy makers and the public to enable them to support and recognize sound financial public policy, with a clear understanding of the issues of concern to entrepreneurs, investors and the public. EDUCATE Entrepreneurs, investors and the public of the roles they can play to ensure that their opinions are heard by and persuade policy makers of the soundness of our public policy solutions. https://cdn.steemitimages.com/DQmRK4FNXK8FfhU3Mf5x8SRtqnu97dT6KfzW8e8hdBi512g/problem-2731501_1920.jpg EMPOWER Policy makers and the public to enable them to support and recognize sound financial public policy, with a clear understanding of the issues of concern to entrepreneurs, investors and the public. BRIDGE The chasm between Washington, Wall Street and Main Street using sound, rational economic research and education.We pursue our mission by performing timely and accurate research on key policy issues and effectively marketing these findings to key policy makers, the nation’s news media, and the academic and policy communities at large. We believe that it is critical that people with real world experience in the trenches of business and entrepreneurship and deep knowledge of the financial services sector have a powerful ‘platform’ to have their voices channeled to those making critical decisions impacting the fiscal health of our nation.  Governed by an accomplished Board of Directors, all with a wide and relevant range of backgrounds, the Financial Policy Council is an independent institution. FPC relies on the financial support of the general public—individuals, foundations, and corporations—to engage in its mission. FPC does not accept government funds and does not perform contract work in keeping with its ideal of independence. FPC is a not-for-profit corporation which is tax-exempt under Internal Revenue Code Section 501(c)(3). |
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}fpcorgreceived 0.006 STEEM, 0.001 SBD, 0.009 SP author reward for @fpcorg / crude-oil-price-cycle-the-stealthy-economy-killer2018/08/03 16:18:39
fpcorgreceived 0.006 STEEM, 0.001 SBD, 0.009 SP author reward for @fpcorg / crude-oil-price-cycle-the-stealthy-economy-killer
2018/08/03 16:18:39
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}fpcorgupdated their account properties2018/07/30 07:20:36
fpcorgupdated their account properties
2018/07/30 07:20:36
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2018/07/27 18:11:24
| author | introduce.bot |
| body | ✅ @fpcorg, I gave you an upvote on your post! **Please give me a follow** and I will give you a follow in return and possible future votes!<br><br>Thank you in advance! |
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}introduce.botupvoted (2.00%) @fpcorg / crude-oil-price-cycle-the-stealthy-economy-killer2018/07/27 18:11:03
introduce.botupvoted (2.00%) @fpcorg / crude-oil-price-cycle-the-stealthy-economy-killer
2018/07/27 18:11:03
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2018/07/27 16:55:06
| delegatee | fpcorg |
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}fpcorgupdated their account properties2018/07/27 16:19:21
fpcorgupdated their account properties
2018/07/27 16:19:21
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}fpcorgpublished a new post: crude-oil-price-cycle-the-stealthy-economy-killer2018/07/27 16:18:39
fpcorgpublished a new post: crude-oil-price-cycle-the-stealthy-economy-killer
2018/07/27 16:18:39
| author | fpcorg |
| body | In this blog I want to give you a look into a very dangerous, stealthy and disruptive cycle, which is the deep tap root cause of the US 2008 housing crisis. The crude oil price cycle was followed in lock step by the 2008 financial and economic collapse of the U.S. and the world. In 1992 I started a project that I completed in late 2012 and tested in 2013: Geometric Percent Fractals. However, in 1995, while working on this project I made an accidental discovery which resulted in a side project of several hundred hours to document the “spot cash” crude oil prices back to 1902. I hand assimilated monthly charts of oil prices up to 1968-69, then created digital charts up to 1996. This resulted in a staggering revelation.  <h1>THE CRUCIAL AND DANGEROUS 30-YEAR PATTERN OF CRUDE OIL PRICES</h1> From 1910-20 there was a gentle price jump, then the price was relatively steady from 1920-40. From 1940 to 1950 the price of crude oil spiked by 350% to just under $4.00. From 1950-1970 the price again held steady between $3.50-4.00 and then from 1970-1980 the price spiked again by approximately 350%, to just under $30.00. From 1980-2000 prices held steady between $10.00-20.00 (only exception was the Gulf War scare spike), and then again, the price spiked to $80 by 2006. By 2007, crude oil prices were just under $100.00. The $100 crude oil price began to cause severe stress in our economy, specifically on all transportation-related industries, and the monthly housing market was declining. I was holding my breath. I was thinking of all the real possibilities which were mostly catastrophic. With the economy in full decline, the crude oil price remained steady in the last quarter of 2007; however, by 2008 crude oil spiked again for almost 6 months straight, peaking at $147.3. The metastasizing effect of the crude oil price was dragging the CRB index up lock-step with it. Crude oil prices touch all items in our economy from birth to death – all our world’s consumables. Why did the crude oil price spike with such intent while the world’s economics were tumbling in downward spiral? It is because it was absorbing the devaluation of the USD. This is specifically what makes the crude oil cycle so unmerciful! It is not responding to normal supply-demand factors. Also, it will not respond to any Federal Reserve action, period. Crude oil is the strongest hard asset currently on the globe, with gold following a very close second. It appears the devaluation of USD is not a smooth transition. As crude oil absorbs the USD’s devaluation built up over the previous 2 decades, it manifests itself as a quick and violent event. After crude oil had satisfied its target and collapsed during the last two quarters of 2008, gold immediately spiked up from $850.00 and marched steadily up to $1900.00 area. It finished absorbing USD’s devaluation, which crude oil expelled as it fell in price. <h1>THE CRUDE OIL CYCLE CAUSED THE 2008 CRISIS:</h1> The issue is that these drastic crude oil price increases that take place every 30 years, caused the 2008 crisis in a very direct (yet silent) way. In 2007, daily consumption of gasoline use in the US was approximately 391,000,000 gallons. From 2000 to 2007 the price per gallon increased by an average of $1.50. This resulted in an increase of $586,000,000.00 “per day” for gasoline. If you multiply this expense by 30 days in a month, you get a staggering monthly expense – an enormous pressure on an already tight and strained family budget. Families chose to spend their money on transportation to go to work, maintain their money flow and provide for their family. This decision meant there wasn’t enough money to pay for their mortgage, which caused the housing payment defaults, which triggered the crisis. It was a tragedy. Unfortunately, the biggest issue is yet to come: if the crude oil cycle continues with this historical and documented pattern (and there is no reason to think otherwise), I estimate that between 2030-2040, the crude oil price will reach at least $400-$500, with a possibility of peaking at $600-$700! If the US (and world) economy barely survived a $147.3 crude oil price, how will it survive a $600 price crude oil price? Such a spike would resemble an enormous tax increase – a huge sum of money extracted from our economy, from our pockets, on a monthly basis. It would be a financial Armageddon. <h1>REAL WORLD SOLUTIONS TO THIS VICIOUS AND UNMERCIFUL ECONOMIC DISRUPTOR:</h1> I. IMPLEMENT A LARGE/SERIOUS REDUCTION OF CRUDE OIL CONSUMPTION: We need to begin relying on battery-powered cars and buses in our cities, as well as battery-powered 18-wheelers trucks for food and cargo transportation. Also, hydrogen-assisted combustion engines can greatly increase the fuel mileage and reduce emissions. This increased fuel mileage would lessen the impact to higher gasoline/diesel prices. Hydrogen fuel cells are totally segregated from crude oil, and are an excellent alternative. II. USING NATURAL GAS TO CREATE GASOLINE: The natural gas price does not appear to be as reactive to the crude oil price expansion and does not have strong sympathy trade with crude oil. A California company named Siluria Technologies has a patented catalytic process which can use natural gas to produce gasoline. These scalable plants can be scattered across the globe to convertnatural gas into white crude oil or directly into fuels. This fuel will work in all current transportation including jet engines, diesel engines and gasoline without any alterations. It actually works better than black crude oil fuels as it is ash-free, which greatly decreases maintenance as well as potential repairs. Siluria Technologies claims the ability to produce gasoline priced at $1.00 (in August 2014). This is stunning claim. Why are we not hearing about this? Why is this technology not being pursued? When Crude oil starts to explode in price after 2030, we don’t have time to create these fuels. It takes years to create fuels from these plants. We must begin now. These solutions (natural gas to gasoline, diesel and jet fuels plants), which are scalable and strategically scattered around the globe, could literally knock the legs out from under our next crude oil price expansion. I fully believe our growing crushing world government debt is the deep tap root for this unnatural crude oil price expansion! What are the odds of our political leaders fixing this growing debt? If my thoughts are correct, this next crude oil price expansion will prove unmerciful and the world will be unable to recover. If we do nothing, the world will in be in total financial collapse. <h2>Sources:</h2> http://www.govtech.com/products/Siluria-Technologies-Turns-Natural-Gas-Into-Gasoline-in-Hayward-Calif-.html http://stockcharts.com/freecharts/gallery.html?$WTIC https://www.gpo.gov/fdsys/pkg/CHRG-114shrg94051/html/CHRG-114shrg94051.htm |
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| permlink | crude-oil-price-cycle-the-stealthy-economy-killer |
| title | Crude Oil Price Cycle – The Stealthy Economy Killer |
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"body": "In this blog I want to give you a look into a very dangerous, stealthy and disruptive cycle, which is the deep tap root cause of the US 2008 housing crisis. The crude oil price cycle was followed in lock step by the 2008 financial and economic collapse of the U.S. and the world.\n\nIn 1992 I started a project that I completed in late 2012 and tested in 2013: Geometric Percent Fractals. However, in 1995, while working on this project I made an accidental discovery which resulted in a side project of several hundred hours to document the “spot cash” crude oil prices back to 1902. I hand assimilated monthly charts of oil prices up to 1968-69, then created digital charts up to 1996. This resulted in a staggering revelation.\n\n\n<h1>THE CRUCIAL AND DANGEROUS 30-YEAR PATTERN OF CRUDE OIL PRICES</h1>\nFrom 1910-20 there was a gentle price jump, then the price was relatively steady from 1920-40. From 1940 to 1950 the price of crude oil spiked by 350% to just under $4.00.\n\nFrom 1950-1970 the price again held steady between $3.50-4.00 and then from 1970-1980 the price spiked again by approximately 350%, to just under $30.00.\n\nFrom 1980-2000 prices held steady between $10.00-20.00 (only exception was the Gulf War scare spike), and then again, the price spiked to $80 by 2006. By 2007, crude oil prices were just under $100.00.\n\nThe $100 crude oil price began to cause severe stress in our economy, specifically on all transportation-related industries, and the monthly housing market was declining. I was holding my breath. I was thinking of all the real possibilities which were mostly catastrophic.\n\nWith the economy in full decline, the crude oil price remained steady in the last quarter of 2007; however, by 2008 crude oil spiked again for almost 6 months straight, peaking at $147.3. The metastasizing effect of the crude oil price was dragging the CRB index up lock-step with it. Crude oil prices touch all items in our economy from birth to death – all our world’s consumables. Why did the crude oil price spike with such intent while the world’s economics were tumbling in downward spiral?\n\nIt is because it was absorbing the devaluation of the USD. This is specifically what makes the crude oil cycle so unmerciful! It is not responding to normal supply-demand factors. Also, it will not respond to any Federal Reserve action, period.\n\nCrude oil is the strongest hard asset currently on the globe, with gold following a very close second. It appears the devaluation of USD is not a smooth transition. As crude oil absorbs the USD’s devaluation built up over the previous 2 decades, it manifests itself as a quick and violent event. After crude oil had satisfied its target and collapsed during the last two quarters of 2008, gold immediately spiked up from $850.00 and marched steadily up to $1900.00 area. It finished absorbing USD’s devaluation, which crude oil expelled as it fell in price.\n\n<h1>THE CRUDE OIL CYCLE CAUSED THE 2008 CRISIS:</h1>\nThe issue is that these drastic crude oil price increases that take place every 30 years, caused the 2008 crisis in a very direct (yet silent) way. In 2007, daily consumption of gasoline use in the US was approximately 391,000,000 gallons. From 2000 to 2007 the price per gallon increased by an average of $1.50. This resulted in an increase of $586,000,000.00 “per day” for gasoline. If you multiply this expense by 30 days in a month, you get a staggering monthly expense – an enormous pressure on an already tight and strained family budget.\n\nFamilies chose to spend their money on transportation to go to work, maintain their money flow and provide for their family. This decision meant there wasn’t enough money to pay for their mortgage, which caused the housing payment defaults, which triggered the crisis.\n\nIt was a tragedy. Unfortunately, the biggest issue is yet to come: if the crude oil cycle continues with this historical and documented pattern (and there is no reason to think otherwise), I estimate that between 2030-2040, the crude oil price will reach at least $400-$500, with a possibility of peaking at $600-$700!\n\nIf the US (and world) economy barely survived a $147.3 crude oil price, how will it survive a $600 price crude oil price? Such a spike would resemble an enormous tax increase – a huge sum of money extracted from our economy, from our pockets, on a monthly basis. It would be a financial Armageddon.\n\n<h1>REAL WORLD SOLUTIONS TO THIS VICIOUS AND UNMERCIFUL ECONOMIC DISRUPTOR:</h1>\nI. IMPLEMENT A LARGE/SERIOUS REDUCTION OF CRUDE OIL CONSUMPTION:\nWe need to begin relying on battery-powered cars and buses in our cities, as well as battery-powered 18-wheelers trucks for food and cargo transportation.\n\nAlso, hydrogen-assisted combustion engines can greatly increase the fuel mileage and reduce emissions. This increased fuel mileage would lessen the impact to higher gasoline/diesel prices. Hydrogen fuel cells are totally segregated from crude oil, and are an excellent alternative.\n\nII. USING NATURAL GAS TO CREATE GASOLINE:\n\nThe natural gas price does not appear to be as reactive to the crude oil price expansion and does not have strong sympathy trade with crude oil.\n\nA California company named Siluria Technologies has a patented catalytic process which can use natural gas to produce gasoline. These scalable plants can be scattered across the globe to convertnatural gas into white crude oil or directly into fuels. This fuel will work in all current transportation including jet engines, diesel engines and gasoline without any alterations. It actually works better than black crude oil fuels as it is ash-free, which greatly decreases maintenance as well as potential repairs.\n\nSiluria Technologies claims the ability to produce gasoline priced at $1.00 (in August 2014). This is stunning claim. Why are we not hearing about this? Why is this technology not being pursued? When Crude oil starts to explode in price after 2030, we don’t have time to create these fuels. It takes years to create fuels from these plants. We must begin now.\n\nThese solutions (natural gas to gasoline, diesel and jet fuels plants), which are scalable and strategically scattered around the globe, could literally knock the legs out from under our next crude oil price expansion.\n\nI fully believe our growing crushing world government debt is the deep tap root for this unnatural crude oil price expansion! What are the odds of our political leaders fixing this growing debt? If my thoughts are correct, this next crude oil price expansion will prove unmerciful and the world will be unable to recover. If we do nothing, the world will in be in total financial collapse.\n\n<h2>Sources:</h2>\nhttp://www.govtech.com/products/Siluria-Technologies-Turns-Natural-Gas-Into-Gasoline-in-Hayward-Calif-.html\n\nhttp://stockcharts.com/freecharts/gallery.html?$WTIC\n\nhttps://www.gpo.gov/fdsys/pkg/CHRG-114shrg94051/html/CHRG-114shrg94051.htm",
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fpcorgupdated their account properties
2018/07/27 16:08:42
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