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      "body": "Sticking it to the trash in Brussels is always a good idea. However, what Italy is doing is reading from the Zimbabwe playbook. They are going to increase debt with those phony BOT's IF anyone goes along with this ludicrous scheme.\n\nEveryone knows Italy is too deep in debt to ever pay it back with an honest settlement. The BOT's are just another scheme to defraud the stupid willing to lend. I guess anyone dumb enough deserves to lose his 'investment', but if Italy forces this into general use by their population as a whole, then the gov't is actively defrauding the people. So, what else is new?\n\nItaly's moves are smart in one way to just give Brussels the middle finger openly and proudly. But to start this BOT business to increase spending now is just plain stupid. If the gov't had any intelligence, which they don't, they would start Italexit immediately, bring back their own currency, and use the Euro in the interim.",
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      "body": "What I never hear mentioned is the elimination of national currencies and currencies in general. The metals producers should get together and coin \"money\" for circulation denominated in the WEIGHT of metal. A gold coin could be struck with 100 stamped into its face denoting 100 grams, for example.\n\nPrices of everything would be set as G:S:C so a typical car would cost 945:50:0 meaning 945 grams of gold, 50 grams of silver and no grams of copper. The units could actually be whatever could be agreed upon. No one would care if the gold was minted in the US, Russia, or on mars.\n\nThis would eliminate currency arbitrage, exchange rates, central banks and would mean that government is out of the \"money\" business. Price inflation would be a market force, not the whim of some banking cabal. Deficit spending with central banks monetizing the debt would be impossible. Wars would be less likely as now they need to be paid for in cash G:S:C, not thin air \"currency\".\n\nCredit card companies could store all the metal an individual or company owns and we can all use plastic as a convenience with the option to withdraw any part of OUR metal any time we want. No more fractional reserve banking.",
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      "permlink": "re-roatanbill-re-corbettreport-this-is-what-a-demographic-crunch-looks-like-20190319t233422868z",
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      "body": "Illiterate in what language? The language of arrogance and entitlement maybe...",
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      "permlink": "re-corbettreport-this-is-what-a-demographic-crunch-looks-like-20190316t175611900z",
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      "body": "There's a difference between a skilled 'western' worker and an illiterate from some third world country. The developed nations need people that can be taught a trade or skill. A huge portion of the world is simply too mentally challenged to be able to be taught anything but subsistence farming or other low intelligence tasks.\n\nThe world has been pumping money into certain nations for decades and there's little to show for it except huge families always with their hands out because they can barely feed their populations. \n\nWe could use more people with intelligence and an ability to advance. We could easily do with less of the other kind.",
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      "body": "Hello roatanbill,\nI agree with you that fiat money is created from thin air, but... \nDid you know that you have to spend about 20,000kWh of electricty to create one bitcoin? That is not thin air. \nThe total bicoin creation will reach 21 million in year 2140, that has nothing to do with the exponential growth of some tulip bulbs, in fact it is the opposite: the bitcoin creation rate has been set to exponentially decrease to zero. It has already been divided by a 4 factor since jan 3rd 2009.\n\nThe real problem for bankers and central bankers is that cryptos are doing their job, bringing trust between a two parties transaction without the ability of fraud.\nI gave a conference two weeks ago in a business school with a HSBC guy, he told me that in his bank every one is aware of the coming crypto transition, they think that it will change our society far more than did the web.",
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      "body": "There is no \"drop in Blockchain\". The only drop is in the crypto currency fraud that happens to use blockchain technology. \n\nCrypto is just another tulip mania. As the number of crypto miners decreases, the number of ledger copies decreases and when the last miner calls it quits because it's uneconomic, the ledger disappears into the ether along with any phony value people thought they had. The Central Bankers are wondering why they never thought of inventing another form of out of thin air \"money\" which crypto is.",
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      "body": "As the protesters are unorganized, they are not likely to realize that they can start to dictate terms for what THEY want. Sooner or later, this protest will get crushed or it will produce a spokesman.\n\nI suggest that they TELL the gov't that the country's tax base MUST be reduced by 50% by eliminating gov't employees, gov't regulations, gov't enforcers, reducing their involvement with NATO and other criminal activities their military routinely \"assists\" in, etc. I believe the French can come up with a comprehensive list of what to cut to get an absolutely minimal state.",
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      "permlink": "re-corbettreport-uncle-sam-doesn-t-want-you-anymore-20180930t235609433z",
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      "body": "Technology should have taught the worlds navy's that they are an anachronism when the HMS Sheffield was hit by an Argentinian Exocet missile during the 1982 Falklands War. Common sense says there are only two types of ocean going vessels, submarines and targets. Yet, navy's persist and new floating coffins are built.\n\nMissile tech is at the point where human flown war planes are reaching the end of their days and drones are the natural replacement. Lasers will change the situation once again when missiles and drones become their target.\n\nThis ratcheting up of technology will eventually produce a situation where offensive weaponry won't reach its intended target the majority of the time IF launched from earth. Space based weapons are logically the next step if not already developed in secret.\n\nThe barely humans in the military won't be needed much longer.",
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      "permlink": "re-cmplxty-re-corbettreport-universal-basic-enslavement-20180722t185425928z",
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      "body": "Crypto is just the newest phony money system. What happens when all the Bitcoin (for example) is \"mined\" and there are no new coins? What keeps the existing infrastructure running when there's no more funds to pay for it, as the miners are the network and when the coins stop being mined there's no more incentive for them to run their machines.\n\nThe only money is a commodity that's been used as money for thousands of years - silver & gold. The problem we all have is with \"currency\" which isn't \"money\". \n\nAsk yourself why the US has the Dollar and the Swiss have the Franc. Why do these artificial entities exist when the entire world can use independently minted coins with a face value denominated in grams. Then all products and services world wide could be priced in grams also; no gov't involvement whatsoever. A product could be priced at 30:18:0 meaning 30 grams of gold, 18 of silver and none of copper. This gets rid of \"reserve currencies\", exchange rates, arbitrage and all the evils we now have in the bankster system.",
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      "title": "",
      "body": "The payments come from the mining, except that in STEEM 75% of the rewards go to content creators & curators, vs 100% to the miners like most cryptos.\n\nThe big differences between fiat governmental currencies & cryptos is that one is based on debt & usury, kept in place only through massive military violence, while the other is based on energy consumption & algorithms, only used voluntarily, and increasingly decentralized.\n\nHere's my *2 Minute Steemit Tip* on that questions: [Where does the 'money' come from?](https://steemit.com/steemit/@kennyskitchen/lwk2yioj)",
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      "title": "",
      "body": "Simple question: Where does the \"money\" come from to make the payouts? \nThis sounds like another Federal Reserve perpetual motion \"money\" machine where something is created out of nothing. In fact, it sounds worse than the Federal Reserve because they don't use up any significant resources to create their FRN's. Here, the Steemit ecosystem has to purchase hardware and consume electricity to create their \"money\".",
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