9 Exchanges to Buy Bitcoin & Crypto in Indonesia (2020)

Georgia Tombstones (Part 2)

Georgia Tombstones (Part 2)
by Jayge 8^J
"Project Blue Beam is a conspiracy theory that claims that NASA is attempting to implement a New Age religion with the Antichrist at its head and start a New World Order, via a technologically-simulated Second Coming. The allegations were presented in 1994 by Quebecois journalist and conspiracy theorist Serge Monast, and later published in his book Project Blue Beam (NASA). Proponents of the theory allege that Monast and another unnamed journalist, who both died of heart attacks in 1996, were in fact assassinated, and that the Canadian government kidnapped Monast's daughter in an effort to dissuade him from investigating Project Blue Beam. The project was apparently supposed to be implemented in 1983, but it didn't happen. It was then set for implementation in 1995 and then 1996. Monast thought Project Blue Beam would be brought to fruition by the year 2000, really, definitely, for sure. The theory is widely popular (for a conspiracy theory) on the Internet, with many web pages dedicated to the subject, and countless YouTube videos explaining it. The actual source material, however, is very thin indeed. Monast lectured on the theory in the mid-1990s (a transcript of one such lecture is widely available), before writing and publishing his book, which has not been reissued by his current publisher and is all but unobtainable. The currently available pages and videos all appear to trace back to four documents: A transcript of the 1994 lecture by Monast, translated into English. A GeoCities page written by David Openheimer and which appears to draw on the original book. A page on educate-yourself.org, compiled in 2005, which appears to include a translation of the book from the French. Monast's page in French Wikipedia. The French Wikipedia article is largely sourced from two books on conspiracy theories and extremism by Pierre-André Taguieff, a mainstream academic expert on racist and extremist groups. From these few texts have come a flood of green ink, in text and video form, in several languages. Even the French language material typically does not cite the original book but the English language pages on educate-yourself.org. However, conspiracy theorists seem to use quantity as a measure of substance (much as alternative medicine uses appeal to tradition) and never mind the extremely few sources it all traces back to. Proponents of the theory have extrapolated it to embrace HAARP, 9/11, the Norwegian Spiral, chemtrails, FEMA concentration camps and Tupac Shakur. Everything is part of Project Blue Beam. It's well on its way to becoming the Unified Conspiracy Theory. Behold A Pale Horse, William Cooper's 1991 green ink magnum opus, has lately been considered a prior claim of, hence supporting evidence for, Blue Beam by advocates. The book is where a vast quantity of now-common conspiracy memes actually came from, so retrospectively claiming it as prior evidence is somewhere between cherrypicking and the Texas sharpshooter fallacy. However, the following quotes, from pages 180-181, intersect slightly with the specific themes of Blue Beam: It is true that without the population or the bomb problem the elect would use some other excuse to bring about the New World Order. They have plans to bring about things like earthquakes, war, the Messiah, an extra-terrestrial landing, and economic collapse. They might bring about all of these things just to make damn sure that it does work. They will do whatever is necessary to succeed. The Illuminati has all the bases covered and you are going to have to be on your toes to make it through the coming years. Can you imagine what will happen if Los Angeles is hit with a 9.0 quake, New York City is destroyed by a terrorist-planted atomic bomb, World War III breaks out in the Middle East, the banks and the stock markets collapse, Extraterrestrials land on the White House lawn, food disappears from the markets, some people disappear, the Messiah presents himself to the world, and all in a very short period of time? Can you imagine? The world power structure can, and will if necessary, make some or all of those things happen to bring about the New World Order. “Without a universal belief in the new age religion, the success of the new world order will be impossible!” The alleged purpose of Project Blue Beam is to bring about a global New Age religion, which is seen as a core requirement for the New World Order's dictatorship to be realised. There's nothing new in thinking of religion as a form of control, but the existence of multiple religions, spin-off cults, competing sects and atheists suggest that controlling the population entirely through a single religion isn't particularly easy. Past attempts have required mechanisms of totalitarianism such as the Inquisition. Monast's theory, however, suggests using sufficiently advanced technology to trick people into believing. Of course, the plan would have to assume that people could never fathom the trick at all — something contested by anyone sane enough not to swallow this particular conspiracy. The primary claimed perpetrator of Project Blue Beam is NASA, presented as a large and mostly faceless organization that can readily absorb such frankly odd accusations, aided by the United Nations, another old-time boogeyman of conspiracy theorists. According to Monast, the project has four steps: Step One requires the breakdown of all archaeological knowledge. This will apparently be accomplished by faking earthquakes at precise locations around the planet. Fake "new discoveries" at these locations "will finally explain to all people the error of all fundamental religious doctrines", specifically Christian and Muslim doctrines. This makes some degree of sense — if you want to usurp a current way of thinking you need to completely destroy it before putting forward your own. However, religious belief is notoriously resilient to things like facts. The Shroud of Turin is a famous example that is still believed by many to be a genuine shroud of Jesus as opposed to the medieval forgery that it has been conclusively shown to be. Prayer studies, too, show how difficult it is to shift religious conviction with mere observational fact — indeed, many theologians avoid making falsifiable claims or place belief somewhere specifically beyond observation to aid this. So what finds could possibly fundamentally destroy both Christianity and Islam, almost overnight, and universally all over the globe? Probably nothing. Yet, this is only step one of an increasingly ludicrous set of events that Project Blue Beam predicts will occur. Step Two involves a gigantic "space show" wherein three-dimensional holographic laser projections will be beamed all over the planet — and this is where Blue Beam really takes off. The projections will take the shape of whatever deity is most predominant, and will speak in all languages. At the end of this light show, the gods will all merge into one god, the Antichrist. This is a rather baffling plan as it seems to assume people will think this is actually their god, rather than the more natural twenty-first century assumption that it is a particularly opaque Coca Cola advertisement. Evidence commonly advanced for this is a supposed plan to project the face of Allah, despite its contradiction with Muslim belief of God's uniqueness, over Baghdad in 1991 to tell the Iraqis to overthrow Saddam Hussein. Someone, somewhere, must have thought those primitive, ignorant non-Western savages wouldn't have had television or advertising, and would never guess it was being done with mirrors. In general, pretty much anything that either a) involves light or b) has been seen in the sky has been put forward as evidence that Project Blue Beam is real, and such things are "tests" of the technology — namely unidentified flying objects. Existing display technology such as 3D projection mapping and holograms are put forward as foreshadowing the great light show in the sky. This stage will apparently be accomplished with the aid of a Soviet computer that will be fed "with the minute physio-psychological particulars based on their studies of the anatomy and electro-mechanical composition of the human body, and the studies of the electrical, chemical and biological properties of the human brain", and every human has been allocated a unique radio wavelength. The computers are also capable of inducing suicidal thoughts. The Soviets are (not "were") the "New World Order" people. Why NASA would use a Soviet computer when the USSR had to import or copy much of its computer technology from the West is not detailed. The second part of Step Two happens when the holograms result in the dissolution of social and religious order, "setting loose millions of programmed religious fanatics through demonic possession on a scale never witnessed before." The United Nations plans to use Beethoven's "Ode to Joy" as the anthem for the introduction of the new age one world religion. There is relatively little to debunk in this, the most widely remembered section of the Project Blue Beam conspiracy, as the idea is so infeasible. Citing actual existing communication technology is odd if the point is for the end product to appear magical, rather than just as cheap laser projections onto clouds. This hasn't stopped some very strange conspiracy theories about such things popping up. Indeed, the notion of gods being projected into the sky was floated in 1991 by conspiracy theorist Betty J. Mills. And US general (and CIA shyster extraordinaire), Edward Lansdale, actually floated a plan to fake a Second Coming over Cuba to get rid of Castro. Step Three is "Telepathic Electronic Two-Way Communication." It involves making people think their god is speaking to them through telepathy, projected into the head of each person individually using extreme low frequency radio waves. (Atheists will presumably hear an absence of Richard Dawkins.) The book goes to some lengths to describe how this would be feasible, including a claim that ELF thought projection caused the depressive illness of Michael Dukakis' wife Kitty. Step Four has three parts: Making humanity think an alien invasion is about to occur at every major city; Making the Christians think the Rapture is about to happen; A mixture of electronic and supernatural forces, allowing the supernatural forces to travel through fiber optics, coax, power and telephone lines to penetrate all electronic equipment and appliances, that will by then all have a special microchip installed. Then chaos will break out, and people will finally be willing — perhaps even desperate — to accept the New World Order. "The techniques used in the fourth step is exactly the same used in the past in the USSR to force the people to accept Communism." A device has apparently already been perfected that will lift enormous numbers of people, as in a Rapture. UFO abductions are tests of this device. Project Blue Beam proponents believe psychological preparations have already been made, Monast having claimed that 2001: A Space Odyssey, Star Wars and the Star Trek series all involve an invasion from space and all nations coming together (the first two don't, the third is peaceful contact) and that Jurassic Park propagandises evolution in order to make people think God's words are lies. The book detailed the theory. In the 1994 lecture, Monast detailed what would happen afterwards. All people will be required to take an oath to Lucifer with a ritual initiation to enter the New World Order. Resisters will be categorised as follows: Christian children will be kept for human sacrifice or sexual slaves. Prisoners to be used in medical experiments. Prisoners to be used as living organ banks. Healthy workers in slave labour camps. Uncertain prisoners in the international re-education center, thence to repent on television and learn to glorify the New World Order. The international execution centre. An as yet unknown seventh classification. Joel Engel's book Gene Roddenberry: The Myth and the Man Behind Star Trek was released in 1994, shortly before Monast's lecture on Project Blue Beam: “In May 1975, Gene Roddenberry accepted an offer from Paramount to develop Star Trek into a feature film, and moved back into his old office on the Paramount lot. His proposed story told of a flying saucer, hovering above Earth, that was programmed to send down people who looked like prophets, including Jesus Christ.” All the steps of the conspiracy theory were in the unmade mid-'70s Star Trek film script by Roddenberry, which were recycled for the Star Trek: The Next Generation episode Devil's Due, broadcast in 1991. There is no evidence of deliberate fraud on Monast's part; given his head was quite thoroughly full of squirrels and confetti by this time, it's entirely plausible that he thought this was the revelation of secret information in a guise safe for propagation. However, the actual source was so obvious that even other conspiracy theorists noticed. They confidently state it was obvious that Monast had been fed deceptive information by the CIA. Of course!" -- rationalwiki.org "Serge Monast was a Québécois investigative journalist, poet, essayist and conspiracy theorist. He is known to English-speaking readers mainly for Project Blue Beam and associated conspiracy tropes. His works on Masonic conspiracy theories and the New World Order also remain popular with French-speaking conspiracy theorists and enthusiasts." -- Wikipedia
"A human microchip implant is typically an identifying integrated circuit device or RFID transponder encased in silicate glass and implanted in the body of a human being. This type of subdermal implant usually contains a unique ID number that can be linked to information contained in an external database, such as personal identification, law enforcement, medical history, medications, allergies, and contact information. The first experiments with an RFID implant were carried out in 1998 by the British scientist Kevin Warwick. His implant was used to open doors, switch on lights, and cause verbal output within a building. After nine days the implant was removed and has since been held in the Science Museum (London). On 16 March 2009 British scientist Mark Gasson had an advanced glass capsule RFID device surgically implanted into his left hand. In April 2010 Gasson's team demonstrated how a computer virus could wirelessly infect his implant and then be transmitted on to other systems. Gasson reasoned that with implanted technology the separation between man and machine can become theoretical because the technology can be perceived by the human as being a part of their body. Because of this development in our understanding of what constitutes our body and its boundaries he became credited as being the first human infected by a computer virus. He has no plans to remove his implant. Several hobbyists have placed RFID microchip implants into their hands or had them inserted by others. Amal Graafstra, author of the book RFID Toys, asked doctors to place implants in his hands in March 2005. A cosmetic surgeon used a scalpel to place a microchip in his left hand, and his family doctor injected a chip into his right hand using a veterinary Avid injector kit. Graafstra uses the implants to access his home, open car doors, and to log on to his computer. With public interest growing, in 2013 he launched biohacking company Dangerous Things and crowdfunded the world's first implantable NFC transponder in 2014. He has also spoken at various events and promotional gigs including TEDx, and built a smartgun that only fires after reading his implant. Alejandro Hernandez CEO of Futura is known to be the first in Central America to have Dangerous Things' transponder installed in his left hand by Federico Cortes in November 2017. Mikey Sklar had a chip implanted into his left hand and filmed the procedure. Jonathan Oxer self-implanted an RFID chip in his arm using a veterinary implantation tool. Martijn Wismeijer, Dutch marketing manager for Bitcoin ATM manufacturer General Bytes, placed RFID chips in both of his hands to store his Bitcoin private keys and business card. Patric Lanhed sent a “bio-payment” of one euro worth of Bitcoin using a chip embedded in his hand. Marcel Varallo had an NXP chip coated in Bioglass 8625 inserted into his hand between his forefinger and thumb allowing him to open secure elevators and doors at work, print from secure printers, unlock his mobile phone and home, and store his digital business card for transfer to mobile phones enabled for NFC. Biohacker Hannes Sjöblad has been experimenting with NFC (Near Field Communication) chip implants since 2015. During his talk at Echappée Voléé 2016 in Paris, Sjöblad disclosed that he has also implanted himself between his forefinger and thumb and uses it to unlock doors, make payments, and unlock his phone (essentially replacing anything you can put in your pockets). Additionally, Sjöblad has hosted several "implant parties," where interested individuals can also be implanted with the chip. Researchers have examined microchip implants in humans in the medical field and they indicate that there are potential benefits and risks to incorporating the device in the medical field. For example, it could be beneficial for noncompliant patients but still poses great risks for potential misuse of the device. Destron Fearing, a subsidiary of Digital Angel, initially developed the technology for the VeriChip. In 2004, the VeriChip implanted device and reader were classified as Class II: General controls with special controls by the FDA; that year the FDA also published a draft guidance describing the special controls required to market such devices. About the size of a grain of rice, the device was typically implanted between the shoulder and elbow area of an individual’s right arm. Once scanned at the proper frequency, the chip responded with a unique 16-digit number which could be then linked with information about the user held on a database for identity verification, medical records access and other uses. The insertion procedure was performed under local anesthetic in a physician's office. Privacy advocates raised concerns regarding potential abuse of the chip, with some warning that adoption by governments as a compulsory identification program could lead to erosion of civil liberties, as well as identity theft if the device should be hacked. Another ethical dilemma posed by the technology, is that people with dementia could possibly benefit the most from an implanted device that contained their medical records, but issues of informed consent are the most difficult in precisely such people. In June 2007, the American Medical Association declared that "implantable radio frequency identification (RFID) devices may help to identify patients, thereby improving the safety and efficiency of patient care, and may be used to enable secure access to patient clinical information", but in the same year, news reports linking similar devices to cancer caused in laboratory animals had a devastating impact on the company's stock price and sales. In 2010, the company, by then called "PositiveID", withdrew the product from the market due to poor sales. In January 2012, PositiveID sold the chip assets to a company called VeriTeQ that was owned by Scott Silverman, the former CEO of Positive ID. In 2016, JAMM Technologies acquired the chip assets from VeriTeQ; JAMM's business plan was to partner with companies selling implanted medical devices and use the RFID tags to monitor and identify the devices. JAMM Technologies is co-located in the same Plymouth, Minnesota building as Geissler Corporation with Randolph K. Geissler and Donald R. Brattain listed as its principals. The website also claims that Geissler was CEO of PositiveID Corporation, Destron Fearing Corporation, and Digital Angel Corporation. In 2018, A Danish firm called BiChip released a new generation of microchip implant that is intended to be readable from distance and connected to Internet. The company released an update for its microchip implant to associate it with the Ripple cryptocurrency to allow payments to be made using the implanted microchip. In February 2006, CityWatcher, Inc. of Cincinnati, OH became the first company in the world to implant microchips into their employees as part of their building access control and security system. The workers needed the implants to access the company's secure video tape room, as documented in USA Today. The project was initiated and implemented by Six Sigma Security, Inc. The VeriChip Corporation had originally marketed the implant as a way to restrict access to secure facilities such as power plants. A major drawback for such systems is the relative ease with which the 16-digit ID number contained in a chip implant can be obtained and cloned using a hand-held device, a problem that has been demonstrated publicly by security researcher Jonathan Westhues and documented in the May 2006 issue of Wired magazine, among other places. The Baja Beach Club, a nightclub in Rotterdam, the Netherlands, once used VeriChip implants for identifying VIP guests. The Epicenter in Stockholm, Sweden is using RFID implants for employees to operate security doors, copiers, and pay for lunch. In 2017 Mike Miller, chief executive of the World Olympians Association, was widely reported as suggesting the use of such implants in athletes in an attempt to reduce problems in sport due to drug taking. Theoretically, a GPS-enabled chip could one day make it possible for individuals to be physically located by latitude, longitude, altitude, speed, and direction of movement. Such implantable GPS devices are not technically feasible at this time. However, if widely deployed at some future point, implantable GPS devices could conceivably allow authorities to locate missing persons and/or fugitives and those who fled from a crime scene. Critics contend, however, that the technology could lead to political repression as governments could use implants to track and persecute human rights activists, labor activists, civil dissidents, and political opponents; criminals and domestic abusers could use them to stalk and harass their victims; and child abusers could use them to locate and abduct children. Another suggested application for a tracking implant, discussed in 2008 by the legislature of Indonesia's Irian Jaya would be to monitor the activities of persons infected with HIV, aimed at reducing their chances of infecting other people. The microchipping section was not, however, included into the final version of the provincial HIV/AIDS Handling bylaw passed by the legislature in December 2008. With current technology, this would not be workable anyway, since there is no implantable device on the market with GPS tracking capability. Since modern payment methods rely upon RFID/NFC, it is thought that implantable microchips, if they were to ever become popular in use, would form a part of the cashless society. Verichip implants have already been used in nightclubs such as the Baja club for such a purpose, allowing patrons to purchase drinks with their implantable microchip. In a self-published report anti-RFID advocate Katherine Albrecht, who refers to RFID devices as "spy chips", cites veterinary and toxicological studies carried out from 1996 to 2006 which found lab rodents injected with microchips as an incidental part of unrelated experiments and dogs implanted with identification microchips sometimes developed cancerous tumors at the injection site (subcutaneous sarcomas) as evidence of a human implantation risk. However, the link between foreign-body tumorigenesis in lab animals and implantation in humans has been publicly refuted as erroneous and misleading and the report's author has been criticized over the use of "provocative" language "not based in scientific fact". Notably, none of the studies cited specifically set out to investigate the cancer risk of implanted microchips and so none of the studies had a control group of animals that did not get implanted. While the issue is considered worthy of further investigation, one of the studies cited cautioned "Blind leaps from the detection of tumors to the prediction of human health risk should be avoided". The Council on Ethical and Judicial Affairs (CEJA) of the American Medical Association published a report in 2007 alleging that RFID implanted chips may compromise privacy because there is no assurance that the information contained in the chip can be properly protected. Following Wisconsin and North Dakota, California issued Senate Bill 362 in 2007, which makes it illegal to force a person to have a microchip implanted, and provide for an assessment of civil penalties against violators of the bill. In 2008, Oklahoma passed 63 OK Stat § 63-1-1430 (2008 S.B. 47), that bans involuntary microchip implants in humans. On April 5, 2010, the Georgia Senate passed Senate Bill 235 that prohibits forced microchip implants in humans and that would make it a misdemeanor for anyone to require them, including employers. The bill would allow voluntary microchip implants, as long as they are performed by a physician and regulated by the Georgia Composite Medical Board. The state's House of Representatives did not take up the measure. On February 10, 2010, Virginia's House of Delegates also passed a bill that forbids companies from forcing their employees to be implanted with tracking devices. Washington State House Bill 1142-2009-10 orders a study using implanted radio frequency identification or other similar technology to electronically monitor sex offenders and other felons. The general public are most familiar with microchips in the context of tracking their pets. In the U.S., some Christian activists, including conspiracy theorist Mark Dice, the author of a book titled The Resistance Manifesto, make a link between the PositiveID and the Biblical Mark of the Beast, prophesied to be a future requirement for buying and selling, and a key element of the Book of Revelation. Gary Wohlscheid, president of These Last Days Ministries, has argued that "Out of all the technologies with potential to be the mark of the beast, VeriChip has got the best possibility right now"." -- Wikipedia
"In this latest book Joseph P Farrell examines the subject of mind control, but from a very unusual perspective, showing that its basic underlying philosophy, and goal, is not only cosmological in nature, but that the cosmology in view is very ancient, and that mind control of any sort, from the arts to hypnosis, remote electromagnetic technologies and “electroencephalographic dictionaries” has cosmological implications." -- Microcosm and Medium: The Cosmic Implications and Agenda of Mind Control Technologies publisher's description
submitted by anti-ZOG-sci-fry to u/anti-ZOG-sci-fry [link] [comments]

Amir Taaki - Breaking Bitcoin presentation (transcript)

Below I transcribed Amir's talk from Breaking Bitcoin (see previous post here, start of presentation (youtube): here). Excuse the errors (will fix if you point me to them).
What was most interesting for me:
Thank you for having me here.
I believe that ideas play an important role in shaping human history. What I want to talk about is how technology has been shaped by key ideas. In particular how certain mechanical ideas of human society got mixed up with with politics and technology.
What I want to talk about is the free technology movement. It was a movement that showed great potential promise to liberate humanity. At the heart of it was a idea that technology offered a new way to construct a radially different kind of society that never before was possible in history, this movement was influenced by the visions of early scientists who believed in the power of computer technology not just to serve large industry and military but everybody to have access to this new power.
Influenced of by the 60s counterculture, this movement went on to develop the first personal computers. But that's not the end of the story because this radical vision mutated into the idea of self-regulating systems which see human beings as object managed by computer algorithms. In this vision, the value of human ideas to transform the world was diminished into a strange kind of consensus where everybody satisfies their personal desires.
We now find ourselves in a strange static dreamworld while dark forces are returning to threaten to penetrate our reality and all of the dreams of the techno-utopiasts play the role in creating this fake virtual world in which human beings driven by desires, devoid of all sense of higher purpose become slaves to algorithms and vast computer intelligences.
What is interesting about this story is the significance it has for Bitcoin. A project which is created for the purpose of creating a decentralized peer-to-peer money that cannot be controlled by governments and central banks but which now finds itself monopolized by large mining cartels. A lack of vision to guide the project forwards and increasing irrelevance in a world facing a global breakup of power.
Lastly I want to explain my project to revitalize the free technology movement to formulate a wider vision to restore back the potential of the technology to transform human society and train the next generation of revolutionary hackers dedicated to the cause of using the technology to support the cause of freedom.
My aim here is to find sponsors, find the place for establishing our hacker Academy, to find partner organisations to develop new technology projects with and to find people ready to dedicate themselves in advancing the free technology movement. People ready to be at the forefront of writing history.

At the heart of this story lies a conflict between two men in 1968. One of them is good B.F. Skinner, the other is good Lewis Mumford. It was one moment when two ideas about how technology could be used to advance human society first XXX ((unintelligible)) to take hold.
There's a documentary from this time made in mid-60s called "Towards tomorrow". And in this documentary, it described two possible future visions for human society. In a society where old forms of authority were declining, what would be the way that we could organize masses of human beings in a future society.
One of these visions for this society was a world managed by an elite group of technocrats, a specialized elite who managed a large population of passive human beings who constantly needed to be monitored and managed to be able to to keep them happy. B.F. Skinner described a new way of controlling and ordering people. He posed the question in this age of mass democracy and individualism the old forms of coercion was simply not possible and he put forth the idea of using reward. And he described an experiment where you have a cage with a pigeon inside and the pigeon can be trained to peck symbols, buttons, and depending on which symbol they peck, they get a pellet of food. In this way, by giving the pigeons the right reward for the correct behavior, they train the pigeon as a mechanical object.
He then took this farther and he went to a mental hospital in San Bernardino in California and in the mental hospital, what they did is they gave the mental patients small reward every time they did a good behavior. With this reward, when it was a lunch time or a dinner time, the patients could sit at a nicer table. So, inside the mental hospital, they created a new ordered hierarchy from a system of reward in which people don't feel controlled but feel empowered. Skinner describes this model as a model for the future of humanity. What's really interesting about this video by Skinner is it there's something very eerily similar to what we see today in which there is a technocratic elite that has interest in politics only in managing human society to keep us happy to keep everything stable and to keep themselves rich. A lot of this was powered in the mid-80s with the fake consumer credit to reward us as a form of social management - much like the experiment with the hospital, the mental hospital.
Lewis Mumford put forward an alternative vision for a society. In this video I'm going to show you - he first criticises Skinner and then he puts forward an alternative vision where everybody in the society is a participant. Everybody is an active human being deciding their destiny.

There were many forms the computer could have taken. In 1800s, the computer was proposed by Babbage. And popularized by Ada Lovelace. It was seen as a tool that would have huge social uses and that should be in the hands of many people, but when the computer was first developed during WWII - for cracking German codes for the military and for guiding ballistic missiles - computers became a very large centralized machine.
By the 80s, communities of hackers started to emerge which started to be fascinated with these huge machines - which at the time you had to get the time slice, to get the appointment to get to get some time to use the machine - they started to get jobs near these computing devices, because they wanted to know how these machines could work. They started to build their own computers in their garages, in their houses and universities - and that was the birth of the personal computers, the reason why we now have laptops and telephones.
What happened was: a lot of big companies started to come along and they started to invest a lot of capital. All of the hacker community - who up until that point had never seen money before in their life - to throw themselves at, at the proprietary industry. And whereas before the culture that had created this personal computers, this liberatory technology, really believed in power to use the technology to improve the humanity for the better, who really believed in free technology, in sharing techniques and code with each other - instead became siloed off.
But there was one guy - Richard Stallman - he was just a guy - he found this ethically wrong. If enough people got together, we could give a challenge against the proprietary industry. He made that as a proposal to the community - that it doesn't have to be this way, if we together put our energies we can build our own operating system. A lot of people at that time thought that he was crazy or that his ideas weren't feasible.
This is early video of Richard Stallman.

So, in 1991, the cryptography was classified as ammunitions and Philip Zimmermann wrote the first freely available encryption software for anybody to use and he uploaded it to the Internet. The American government arrested him and he was facing a decade in prison. What Philip Zimmerman did was to print the source code of PGP - of this encryption software - which he sold internationally, which is something that in America is protected under the First Amendment. And the American government was realizing that they couldn't continue with the case, they dropped the case. And since that time, because of the action of Philip Zimmermann, software became classified as a form of speech. And cryptography became widely available. It's now reason why cryptography is available everywhere.
Also, in early 90s, Stallman has started to piece together his operating system. And by now a community a community of people has emerged around him. It was the birth of Linux - a really important piece of technology. Not just in the free technology world, but in general, in hi-tech space it place a very key role. And that was a rise of the whole bunch of movements: free software movement, hacker movement, crypto-anarchist movement. Movements were invigorated with creating a lot of new ideas and a lot of new concepts about how we could use the technology to shape the world around us. These were collective movements driven by the shared sense of purpose.
Towards the end of the 90s (the baby boomer generation), the western society became overly optimistic. Something the Jean Baudrillard called 'the dead of society' and 'obsession with desert-like forms / with the simulacrum'.
Stallman free software movement failed to capitalize on institutionalizing his movement. And what happen was what emerged was the open source movement. It was a movement that said: making this technology is not a question of freedom/ethics, it's simply when you have access to source code of a program it's more efficient, it's cheaper, it makes more quality code. I don't think that's true, but that was their argument. One of the main spokesmen was Eric Raymond who released a book called 'A cathedral and a bazaar'. In that book, Eric Raymond has described the open source development philosophy as open bazaar where everybody, dozens or hundreds of people, a wide number of people all collaborated in a horizontal manner. He coined an idea that given enough eyes all bugs are shallow. When we have a piece of source code, if there are enough people - all contributing a small amount of time and looking at the source code - then if there is a bug, that bug will be found. The idea that given a huge amount of people with a small amount of contribution of each, that we can develop projects and advance technology.
Then what happened was the biggest event in the modern western history - which was the collapse of the twin towers, the twin idols of capitalism, perfect in a reflections, reaching into the skyline of New York - which realized our deepest most hidden desires to see the destruction of this passive lifeless world. And what it represented was the return of the real (of the) dark forces - that we ignored - back to penetrate into our reality.
In early 2000s we saw a lot of optimism and momentum for change. We saw the Arab spring, we saw The occupy, we saw the orange revolutions. In the technology world, we saw a lot of advances, there was a huge amount of optimism for Linux on the desktop. Every year the people were saying: this is going be the year of the desktop. Everybody was waiting for that sudden single breakthrough. One of the major developments in technology world was the confrontation that took place between Hollywood and a Manhattan programmer called Bram Cohen. ((...)) He developed BitTorrent. The concept started with sites like Napster or Kazaa - that were centralized services that were shut down by authorities.
Cohen came up with a concept: if enough people downloading files and seeding them at the same time - then the more people that download the file the more that file will become widely distributed in the network. So, that file will become shared in a self-regulating network. It was a big success and the movie studios didn't know what to do about this, they were completely powerless in face of this technology. The idea of creating a functional self-regulating system outside of power proved itself and it's something wildly popular among technologists.
The next major development is the shutdown of the Pirate bay which led to the development of the Pirate party that at one point had double digits in elections and even entered into the EU parliament. There is huge momentum behind it. Wikipedia was also developed - the idea that given thousands and thousands of people all contributing small edits, one line at time, could build this huge knowledge resource . Around this movements started to emerge the new priests of this internet-centric decentralization technology - people like Yochai Benkler, academics who would go to conferences and sell this ideology to people.
But something strange started to emerge. Wikipedia released statistics about edits on Wikipedia. We found that it was a small group of dedicated people that wrote the majority of Wikipedia, people who really believed in the project and spent all their time writing the majority of the articles on the website. When we started to look closer at these decentralized systems, what we observed was small groups of leaders surrounded by a wider community. In BitTorent, it wasn't that everybody was seeding in the network. Most people, after they downloaded, didn't continue to run the software. In fact, it was a small group of users, who wanted to challenge Hollywood and promote BitTorrent, who would leave their software running seeding torrents.
In open source, we observed that there were small groups of dedicated developers in a project surrounded by wider community. And in fact, what Stallman has done was not just to write Linux and put that in the community, but he had written articles, he had written manifestos, he had put forward a vision and an ideology that pulled together enough people and drove this movement of hackers forwards.
So what drove these projects for freedom was not a new model or a new technique. It was a vision that pulled together enough people to realize an idea. To understand why Occupy and Arab Spring and orange revolutions and the Pirate Party and a lot of these movements had a huge of amount of will and movement - fail, it's really instructive to understand what happened to Egypt. In Egypt, huge amounts of youths started to mobilize through Facebook and they started to go to this center in Cairo to front the military dictatorship. Huge amount of people died in that struggle. And after they threw out ((?)) the military dictatorship, the youth then sat down and said: "Okay, now what we are gonna do? What's next?". So they started to discuss.
And into that, came a group of people, with a vision, with an ideology, that was well organized and able to pull together enough strands of the society behind them. But they could put their vision into power. And that was the Muslim Brotherhood.
And then the same youth hood - that kicked out the military dictatorship - came back to the square to ask the military dictatorship to come back and rescue them from the Islamists.
At the same time, Satoshi developed Bitcoin. I remember on Satoshi's early website he described it as a peer-to-peer form of money that cannot be controlled by central banks and governments. And it's something that attracted libertarians, cryptographers and hackers. Bitcoin is kind of a technology - free technology project - that was a little late to the party. Interestingly, it finds itself in the same place as the movements that preceded it. The fundamental problem with Bitcoin is not a problem of missing this or that technology, it's a problem of a lack of vision, a lack of how this technology is -
And it's not just about Bitcoin - it's something to do with the wider technology movement. We have to understand the global situation now. Humanity is facing a future with a huge amount of suffering. We are facing the threats from terrorism, from immigration. There's the rise of new ideological movements - ISIS just went and took a city in southern Philippines for more than a month - which is right next to Indonesia, the biggest Muslim country in the world. And in Europe the new right movement is getting very strong, organizing training camps, becoming well-organized, getting into political power and well-funded. This is the reality of our situation now.
We have to think about how this technologies that we make -, where do they situate themselves in the wider global context.
In Rojava, there is also a really important movement with the ideology of democratic confederalism which is the way forward from anarchism. And offers a really good analysis of what is the current society and what is the crisis that we're facing. And how, in that place, revolutionaries from all over the world are going to learning the methodology and ideology of this movement. It's a new emerging movement outside of any one person's control, but new forces can be harnessed. What we have to understand is that anarchist movement and the hacker movement is something deeply connected. The problem with anarchism is that it failed in it's potential to advance humanity forward, it's simply an ideology that no longer is able to work. What we have in Rojava is a libertarian revolution of 5 million people. What is democratic confederalism? It's an ideological movement that opposes the state as a mechanical worldview and sees the nature as something that is divine, that seeks to restore the balance back between internal+subjective and external+material world. The freedom comes from reaching our destiny as human beings, not simply through pleasure seeking. (Liberalism is the destruction of the free society.) And the better humanity it's not simply a happier humanity but stronger freer humanity. The crisis in the West not simply an economic crisis, but social crisis - we're facing a deep cultural issue.
All of the ideas in hacker movement - such as BitLaw, digital governance, cryptographic economy, decentralized organization, new economic models, new technical tools - unless we are able to take all of these concepts and put them into a plan, with a sense of direction, that we can put these into practice - then it's something that's going to be lost. Now, what's presenting itself is a massive opportunity for hackers to put their ideas into practice.
So, right now we are building a hacker team. There's 3 tasks we have to do: study of all the ideas and concepts in technology. From this study we have to develop a long- term plan. And thirdly, we have to devote ourselves to build the technical base of this new emerging democratic confederalism movement, we have to create revolutionary hackers dedicated to the course. If we don't, then all of the technology we are making is outside of the society, it's a toy, and what is relevant in this world is not making new products to fill the spaces in the environment around us, but using technology to shape politics that influence the world around us.
This revolution in North Syria or Rojava is the biggest opportunity in the entire history of modernity. Through this we can give direction to the hacker movement. One of our main projects is a Bitcoin project. We have a nation of 5 million people and - and - and there is a financial situation where they're under financial embargo, they use - , they don't have the financial infrastructure so they use paper money and Syrian Lira is inflating massively. Because there's embargo so you can't send money in and out. Also there is a project to create decentralized economy and there's a lot of real concrete uses for Bitcoin. And also the ideology of the revolutionary nation is in line with the vision and values of the Bitcoin.
When we decide to look at deploying Bitcoin, what we realize is that Bitcoin is not ready and there's a lot of new things that need to be developed in Bitcoin, they should make it so it's able to be deployed on a scale of 5 million people. We are assembling a project to deploy Bitcoin as the national currency of Rojava. We want to create new products in practical use on a large scale. Products that solve real problems and serve the cause of freedom.
Towards this goal, we're assembling a team of 20 hackers dedicated for two years. We're looking to establish links with companies and sponsors to make this happen. The first step is to establish a hacker's academy in Greece - to train groups of revolutionary self-sufficient hackers that we're going to deploy on projects. Our needs now: partners, sponsors, space, support.
Our first plan is to setup exchange shops and localized wallets in Bitcoin where people come buy vouchers and use Bitcoin to create a local Bitcoin market. We have to create brochures, lots of information. Once this system gets bigger, then we also need to think of bigger financial infrastructure - so one of the things is paper wallets. At the moment, 100 thousands paper wallet cost $6000. Unfortunately the counterfeiting measures on the paper wallets aren't very well made. There needs to be a lot research done. There is a small USB device called ESP 12 which can be programmed with micro Python and C and it has on-board Wi-Fi, plus you can fit modules for radio. Through that you can create a large scale payments networks with cheap consumer devices that cost fie dollars each for people to transact bitcoins.
There is also a big market for Bitcoin because sending money between Rojava and Istanbul currently costs 5 %. Later, we also can create plastic card system where we print cards and also establish payments network using radio systems. There needs to be a lot of development and investigations in Lightning Networks and other technologies.
This is why I [want to ((?))] have a laboratory - if I take a group of people there - I can create all kinds of technology projects and a lot of concepts we've been theorizing for a long time. We can see that it works practically.
There is also the project of the Pirates to create liquid democracy - there is a system of local councils in every neighborhood which - , a lot of these digital platforms that have been developed for many years - we can deploy them. There was also the economy being based on cooperatives - all of the ideas about economic management, about collective management of resources about using cryptography and currencies to manage cooperatives. These all things we can deploy - but what it's going to take is a group of people who's doing this research, who's going deep - not only in terms of developing new concepts - but looking back into the literature about what were - , what is the history of the movement, where we situated it and also what are the concepts and how we can apply them towards our goal.
I'm gonna to finish my talk on that. Does anybody have questions?
submitted by vbenes to Bitcoin [link] [comments]

Removed comments from Economics subreddits - 07/18/18

wow what a commie /s
Comment removed from /Economics - test822 - Created on 07/18/18 00:06:16 UTC - permalink
Very troubling.... That people are catching on
Comment removed from /Economics - wtf_is_taken - Created on 07/18/18 00:15:11 UTC - permalink
I'm certain that the Fed's concern is authentic!
Comment removed from /Economics - Tranejam - Created on 07/18/18 00:25:51 UTC - permalink
Our area has been a hot market, growing for the last 6-7 years, but it’s slowed down significantly this summer. Last summer, houses had several offers the day they went up for sale, but this summer there’s not much movement. We’re either in a bubble or just reached the max price in my area.
Still, our house “value” (theoretical until someone actually forks over the money) is 43% higher than when we bought it 5 years ago. Can’t say we would fork over that kinda cash if we were just buying now.
Comment removed from /Economics - BiffyMcGillicutty1 - Created on 07/18/18 00:33:54 UTC - permalink
I've got a house for ya..
Comment removed from /Economics - MrPractical1 - Created on 07/18/18 00:47:44 UTC - permalink
I wonder if that means they’ll renege some of these planned interest hikes? Probably not.
I’ll bet he also talks about how poor food service employees are treated as he tips 2%.
Comment removed from /Economics - GortonFishman - Created on 07/18/18 00:48:44 UTC - permalink
Incredible! I look forward to nothing being done about it.
Comment removed from /Economics - Yolo420dab - Created on 07/18/18 00:51:59 UTC - permalink
Really? And you are just now realizing this? Oh, that’s right...you are are a card-carrying member of the elite, so your life has been minimally impacted, unlike most of ours.
Comment removed from /Economics - smitty637 - Created on 07/18/18 01:11:29 UTC - permalink
The greatest period of economic growth in U.S. history was when there was no central bank. The Fed Reserve is a ponzi scheme.
Comment removed from /Economics - s4mu8l - Created on 07/18/18 01:11:59 UTC - permalink
they hurt more than they help. tax policy should take more into account than just the government's budget
Comment removed from /Economics - ThereIsReallyNoPun - Created on 07/18/18 01:22:13 UTC - permalink
Were? Latest round has just begun.
Comment removed from /Economics - guisar - Created on 07/18/18 01:41:32 UTC - permalink
You're right still today people are on some bad shit.
Comment removed from /Economics - SporkydaDork - Created on 07/18/18 01:42:53 UTC - permalink
No my friend, there isn’t. Eventually global wages will reach an equilibrium point. It may take 50 years to happen, but if businesses are shopping for the cheapest combination of labor and production costs, their tendency to minimize costs will force wages lower.
Compare this to workers seeking better wages with limited mobility (i.e. they may or may not be able to travel for better pay) and you can see pressure to keep wages higher.
The interplay of these two forces will always mean that eventually wages will be similar everywhere.
Comment removed from /Economics - StormCrow1986 - Created on 07/18/18 01:48:40 UTC - permalink
It'll be real troubling when the guillotines come out
Comment removed from /Economics - maahhkus - Created on 07/18/18 01:57:34 UTC - permalink
That assumes social factors won't interfere. Inefficiencies in the economic development of some countries will negatively affect wages, wars will change the economic standing of some countries and facilitate migration, someone in a particular country will develop technology that drives their economy, etc. Economies are not static, and there will always be outside forces that prevent an equilibrium from forming naturally. On its own, the ocean would eventually stop making waves: but external forces like the tide or geothermal vents will continue influencing it for the foreseeable future. Same thing with economics.
Comment removed from /Economics - lordderpingtonthe3rd - Created on 07/18/18 02:04:19 UTC - permalink
But muh trickle downs
Comment removed from /Economics - antman152 - Created on 07/18/18 02:09:40 UTC - permalink
Heck, this keeps up and they may have to downgrade to 'Concerning'.
Heck, we may even see, in our lifetime, a drop to Vexing.
Truely, a historic moment in time.
Comment removed from /Economics - alanthar - Created on 07/18/18 02:13:34 UTC - permalink
Douglas Holtz-Eakin; Former Chairman of the Presidential Council of Economic Advisors (Bush) & Former Director of the Congressional Budget Office (Republican Congress) said in 2014 that income inequality needed to be addressed at the national level but it wouldn't happen because it had become a partisan political issue - making compromise impossible.
In 2014 Alan Greenspan (Former Chairman of Fed Reserve) & Christine Lagarde (Director of the International Monetary Fund) both addressed income inequality at the National Association for Business Economists.
Greenspan called income inequality "the most dangerous trend affecting the US", and Legarde said "rising inequality and economic exclusion can have pernicious effects"
The NABE's own membership have called for government economic policy to address income inequality because several large businesses refused to acknowledge its existence and were spending more money trying to fight it than a solution would cost.
They aren't "just now realizing" it, they just know that it's political suicide to bring it up while Republicans are in charge - even if they are Republicans.
Comment removed from /Economics - meauho - Created on 07/18/18 02:13:56 UTC - permalink
NAFTA had a negligible effect on employment and wages while it improved net economic welfare.
Comment removed from /Economics - lalze123 - Created on 07/18/18 02:14:32 UTC - permalink
Today is the 100th anniversary of the logical outcome of extreme income disparity: a small number of people shot and thrown down a mineshaft.
I'm not saying that's an ethical or good way of responding to this problem, but it's certainly one standard outcome when it's allowed to go on too long and to a great extent.
Comment removed from /Economics - tomdarch - Created on 07/18/18 02:16:00 UTC - permalink
What is the Federal Reserve saying?
Comment removed from /Economics - cyber_rigger - Created on 07/18/18 02:18:06 UTC - permalink
Mercantilism is the only way! /s
Comment removed from /Economics - mustdashgaming - Created on 07/18/18 02:30:02 UTC - permalink
Wow. Does the federal reserve chair have any thoughts on massively devaluing our currency, bailing out big banks, or fucking with the US economy over and over again with decisions made from unelected officials?
Comment removed from /Economics - waffleezz - Created on 07/18/18 02:32:50 UTC - permalink
I live in Iowa - it's a sellers market on the Iowa side of the river. There are a lot of people moving out of Illinois - something about taxes and unfunded government liabilities...
Comment removed from /Economics - Sam_Fear - Created on 07/18/18 02:37:50 UTC - permalink
Jerome Powell: Man of the People. I guess they did the math and figured out they've screwed the workers so bad there's nothing left to steal from them.
Comment removed from /Economics - wwwwho - Created on 07/18/18 02:44:36 UTC - permalink
Come on the Fed Chair not understanding basic economics isn't news.
Comment removed from /Economics - beyond_hate - Created on 07/18/18 02:59:22 UTC - permalink
Comment removed from /Economics - goofzilla - Created on 07/18/18 03:00:31 UTC - permalink
really now
i'm shocked, this is new information to me
Comment removed from /Economics - DapperMasquerade - Created on 07/18/18 03:01:06 UTC - permalink
I hate long-run equilibrium arguments for two reason:
  1. Perot makes a good point that I think many people would miss. In 15-20 years, wages would equalize. But in the meantime, you've "wrecked the country" (his words, not mine). If harm is done to the country in that 15-20 year period, it's possible that the short-term harm is actually greater than the long-term gain. This is not NAFTA-specific. It applies to a lot of cases.
  2. By the time equilibrium would have been reached after one particular adjustment to some part of the system, many other adjustments, shocks, and changes will have occurred. Therefore, unless equilibrium will be reached quickly (my guess is less than 1 year is probably safe) then you run the risk of the equilibrium you planned for never materializing at all, and something else taking its place. The global economy is a big, chaotic, dynamical system. Shit happens outside of the one particular market you happen to be looking at.
Comment removed from /Economics - nerdponx - Created on 07/18/18 03:04:18 UTC - permalink
I'm sorry. Just trying to maximize efficiency and remove that deadweight loss yknow
Comment removed from /Economics - WMSTEOOPAAFFWC - Created on 07/18/18 03:22:43 UTC - permalink
Yes, many of us are very troubled. Now what?
Comment removed from /Economics - neomech - Created on 07/18/18 03:25:25 UTC - permalink
Average annual wages for workers has increased almost every year, who cares if they make a smaller share if they’re making more money?
economics by the way 😬
Comment removed from /Economics - HitemwiththeMilton - Created on 07/18/18 03:37:55 UTC - permalink
Federal Reserve chair comments about ANYTHING regarding the state of the USA is ridiculous. -98% value of the dollar since the fed was established to add debt to every dollar printed. But its okay cuz no one is paid in USA currency, right?
Comment removed from /Economics - Anon48529 - Created on 07/18/18 03:52:26 UTC - permalink
You begin to see why cocaine wasn't just a rich person's drug back then
Comment removed from /Economics - SuperHighDeas - Created on 07/18/18 04:23:56 UTC - permalink
yes, but clearly we went the other direction for over 100 years, I'm asking how.
Comment removed from /Economics - SamSlate - Created on 07/18/18 04:24:15 UTC - permalink
Don’t suck Bilderberg, Rothschild and Soros dick then. These guys own most of the money in the world and just want to build a global government, single market, and take 100%. Federal reserve serves the Rothschild, the Rockefellers, not the people.
Comment removed from /Economics - boomBoomcandydoom - Created on 07/18/18 04:30:54 UTC - permalink
Its against the rules to point out the federal reserve has attached debt to every dollar printed, resulting in -98% value of the dollar since 1913?
Comment removed from /Economics - Anon48529 - Created on 07/18/18 04:53:12 UTC - permalink
i mean thats fine but how the fuck do you have a "substantive contribution" to a thread that pretty much says "hey this really obvious thing is really obvious"
Comment removed from /Economics - DapperMasquerade - Created on 07/18/18 04:55:17 UTC - permalink
You know you’re on Reddit when the “economics” sub starts pushing socialist propaganda.
Comment removed from /Economics - HitemwiththeMilton - Created on 07/18/18 05:45:06 UTC - permalink
Shut the fuck up Federal Reserve chair you literal fucking vermin.
I bet America would find things "very troubling" if we ever audited you.
Comment removed from /Economics - sweden_person - Created on 07/18/18 06:16:01 UTC - permalink
It’s referencing and addressing the public figure whom the title quote belongs to. Public figures are not immune to insult or criticism per Reddit rules, Steve Huffman said.
Comment removed from /Economics - boomBoomcandydoom - Created on 07/18/18 07:37:01 UTC - permalink
knuckle dragging Neanderthals
You're goddamn right there.
Comment removed from /Economics - AJGrayTay - Created on 07/18/18 13:18:11 UTC - permalink
Comment removed from /AskEconomics - microgrower40799 - Created on 07/18/18 13:48:55 UTC - permalink
You mentioned the word 'joke'. Chuck Norris doesn't joke. Here is a fact about Chuck Norris:
Chuck Norris does not need to know about class factory pattern. He can instantiate interfaces.
Comment removed from /badeconomics - Chuck_Norris_Jokebot - Created on 07/18/18 17:36:30 UTC - permalink
I'm pretty sure I'm going to have to offer myself of if I ever want to retire.
Comment removed from /Economics - stumpdawg - Created on 07/18/18 17:40:05 UTC - permalink
Terriers and Bariffs everywhere.
So does this mean whirlpool is sick of winning?
Comment removed from /Economics - stumpdawg - Created on 07/18/18 18:21:57 UTC - permalink
According to the article, LG's retail price went up by ~11% and Samsung's ~18%, while Whirlpool's prices shot up by 30% at Lowes. Consumers are looking at the higher prices and are opting to just not buy washing machines rather than buying Whirlpool's, so yeah, I think they're sick of winning, especially if additional tariffs on components continue to raise the MSRP.
Comment removed from /Economics - ddhboy - Created on 07/18/18 18:33:58 UTC - permalink
Or move to a cheaper place for retirement? Damn man, there are plenty of options better than killing yourself.
Comment removed from /Economics - zaccus - Created on 07/18/18 18:56:49 UTC - permalink
Cheaper place? That's not going to do me shit when I'm still working at 80
Comment removed from /Economics - stumpdawg - Created on 07/18/18 19:09:10 UTC - permalink
The COL of rural America is low. Its a lot lower than you think. A dollar goes so much further in rural America than it does in San Francisco.
My grandparents are almost 90 and they live very comfortably on Social Security alone. Just Social Security and nothing else. They recently bought a house. A very lovely home with a nice yard and garden. They're able to do that because rural Oregon is a very cheap place to live.
Comment removed from /Economics - Hyndis - Created on 07/18/18 19:18:26 UTC - permalink
And if social security goes private like the Republican party so desperately wants, then I lose everything?
My comment was hyperbole...but not by much.
Comment removed from /Economics - stumpdawg - Created on 07/18/18 19:30:09 UTC - permalink
Who could have known economics was so complicated?!
Comment removed from /Economics - ZmeiOtPirin - Created on 07/18/18 19:30:38 UTC - permalink
Social Security is a question of votes, not economics. Old people get Social Security. They would like to continue receiving Social Security. Old people all vote.
Any politician who wants to win an election (which is every politician) needs to pander to that voting block. This means don't touch Social Security. Its called the third rail of American politics for a reason. Touch it and die.
Comment removed from /Economics - Hyndis - Created on 07/18/18 19:33:27 UTC - permalink
Still getting my head around why people would want to retire...
Comment removed from /Economics - DxR77 - Created on 07/18/18 19:45:40 UTC - permalink
From the report itself, 8.8% of Asian millennials have > $100k saved for retirement. Far more than other racial groups.
I guess doing your homework and listening to your parents about what to major in does pay off*.
*Even though college acceptance boards discriminate against you, the odds are good you had to learn to speak English late in life, and your parents probably aren't college educated.
Comment removed from /Economics - whathe2016 - Created on 07/18/18 19:46:23 UTC - permalink
Mass genocide?
Comment removed from /Economics - Magic_Leather_Jacket - Created on 07/18/18 19:46:38 UTC - permalink
But it's going insolvent by 2030-2040, right after the average Boomer being statistically dead. It's a problem, but they're literally fighting to the death to keep unfunded entitlements that their children both have to pay for and likely won't see.
Comment removed from /Economics - cavscout43 - Created on 07/18/18 19:46:53 UTC - permalink
I was thinking old age.
Comment removed from /Economics - HTownian25 - Created on 07/18/18 19:47:51 UTC - permalink
Funny enough, this likely plays into why rural areas tend to be more conservative (as well as the educational differences).
That being said, I absolutely would ditch large urban metros when retirement age rolled around. Save for a Manhattan/Hawaii retirement, then move to rural Idaho or something when the day comes. Live like relative royalty.
Comment removed from /Economics - cavscout43 - Created on 07/18/18 19:48:30 UTC - permalink
wait...18 year olds don't have anything saved for retirement?? What a bunch of idiots.
Lumping a bunch of 18-37 year olds together and talking about statistics across that group is asinine.
Comment removed from /Economics - TDual - Created on 07/18/18 19:52:52 UTC - permalink
Well where’s the fun in that
Comment removed from /Economics - Magic_Leather_Jacket - Created on 07/18/18 19:53:27 UTC - permalink
You can still piss on their graves when they're gone.
Comment removed from /Economics - HTownian25 - Created on 07/18/18 19:57:12 UTC - permalink
I started saving at 25, wish I had started at 18, only one other person in my friend group is saving, a lot of them see it as something they don't have to worry about till they're older, I keep trying to tell them the earlier you start the easier it is, put away what you can afford to now so you're not playing catch up in the future but many people are more interested in spending now and saving later.
Comment removed from /Economics - redsalmon67 - Created on 07/18/18 20:07:43 UTC - permalink
Personally, I'll be defecating. Will save quite the sensory-overloading log for them. Palpably aromatic.
Comment removed from /Economics - Amplifeye - Created on 07/18/18 20:10:01 UTC - permalink
Not a fair comparison. Asian millennials are still from a demographic that was pre-selected coming to the USA from already well off families.
Thats like saying nigerian americans are better off because they are "Better". No, they come from families that are already doctors engineers and lawyers to get to the USA anyway
Comment removed from /Economics - ameriveaux - Created on 07/18/18 20:10:59 UTC - permalink
Comment removed from /Economics - MrFrode - Created on 07/18/18 20:11:28 UTC - permalink
Eliminating Medicare & Medicaid, maybe.
Comment removed from /Economics - Poguemohon - Created on 07/18/18 20:14:40 UTC - permalink
Basically this.
I’m a millennial. Born late 80s. Most people I know eat out almost every meal, go out drinking a lot, and travel internationally once or twice a year.
I think retirement is the last thing on their mind.
Most of these people don’t really understand the effects of compound interest. 6% a year ain’t no joke.
Comment removed from /Economics - deepredsky - Created on 07/18/18 20:17:43 UTC - permalink
Op trying to be racist lol
Comment removed from /Economics - edwardkirk1231 - Created on 07/18/18 20:18:07 UTC - permalink
yes good point, world population is therefore lower than 40 years ago, and our conundrum can be explained by bad boomers, not population crush
Comment removed from /Economics - pbrettb - Created on 07/18/18 20:20:19 UTC - permalink
from already well off families.
Holy shit you are clueless about the circumstance under which most Asians came to USA!
Comment removed from /Economics - whathe2016 - Created on 07/18/18 20:22:57 UTC - permalink
Educate me
Comment removed from /Economics - ameriveaux - Created on 07/18/18 20:26:51 UTC - permalink
6% is very, very easy to achieve as well. Buy an S&P fund blindly and let it ride for 6%. If you buy dips strategically, maybe you get 8 or 9%, which is the historic average for the S&P anyways.
Comment removed from /Economics - daviddavidson29 - Created on 07/18/18 20:28:36 UTC - permalink
That's a well known cognitive bias - we all think that our future self is much more virtuous and will have much more willpower (and money) to save.
Of course, fast forward 10 years, and you are still the same old you, still no money, but less time to save.
Comment removed from /Economics - bullpup1337 - Created on 07/18/18 20:29:48 UTC - permalink
No, just pointing out the fact that personal choices make a huge difference where one ends up in life.
And that it's not boomers, the rich or fill in the blank _________ scheming to impoverish millenials.
Comment removed from /Economics - whathe2016 - Created on 07/18/18 20:34:40 UTC - permalink
Yeah, but the guy above already explained how your sampling method is highly biased.
Comment removed from /Economics - edwardkirk1231 - Created on 07/18/18 20:36:43 UTC - permalink
That's what Google and Wikipedia is for.
Comment removed from /Economics - whathe2016 - Created on 07/18/18 20:39:00 UTC - permalink
Whew at least there’s that
Comment removed from /Economics - Magic_Leather_Jacket - Created on 07/18/18 20:42:03 UTC - permalink
More than one way to skin a cat
Comment removed from /Economics - Magic_Leather_Jacket - Created on 07/18/18 20:42:38 UTC - permalink
Lol no one can “buy dips strategically” repeatedly. Your overall returns will drop because your capital is underutilized (holding too much cash to wait for the dips), even if it appears your stock portfolio itself is doing 8-9%.
Comment removed from /Economics - deepredsky - Created on 07/18/18 20:44:04 UTC - permalink
Just gotta hope the boomers don't ruin the world any more than they already have before we can affect some change.
Comment removed from /Economics - wangofjenus - Created on 07/18/18 20:44:19 UTC - permalink
I've been fighting this battle since I was 22 making $40,000. I contributed from my first eligible paycheck and never stopped. I certainly do well now but I'm not making crazy money. But I'll hit $100k in retirement savings next month. I also never contributed a double digit percentage of my income.
I've been preaching for 9 working years now. Pale just don't get it. Many of my peers say "I can't afford to contribute." No you don't choose to. There's a big difference. It's pre tax money that you're getting taxed on. More importantly, it's almost always eligible to be doubled (or more) by their employer.
Comment removed from /Economics - x888x - Created on 07/18/18 20:48:41 UTC - permalink
Invest in crypto currencies now, and you’re set. When bitcoin hits a million USD, you’ll be scratching your head, or living the life.
Comment removed from /Economics - xvult - Created on 07/18/18 20:50:44 UTC - permalink
Why would anyone brag about having China's tentacles all over them? Good luck.
Comment removed from /Economics - InTheWhaleRoom - Created on 07/18/18 20:53:55 UTC - permalink
Wrong. My mother and her 6 siblings came here with less than $500 each (they were capped at that amount I believe). The 7 kids and my grandmother lived in name one room house in Taiwan. They worked hard and built their wealth. They all emphasized education in their kids. Almost all of the second gen went to good schools and made good careers.
It's a culture thing. When your family immigrates for economic opportunity, they don't easily take for granted their roots. It's not that "all Asians are good at math" as much as "Asians do math so they don't have to work in a Chinese restaurant like their first gen parents."
Comment removed from /Economics - optimus_maximus - Created on 07/18/18 20:54:59 UTC - permalink
So is this what winning feels like? Trump said we winning right?
Comment removed from /Economics - edwardkirk1231 - Created on 07/18/18 20:55:11 UTC - permalink
I sold most of my portfolio early 2017 to position myself to “buy the inevitable dip”. Instead, I missed an amazing year. I’m mostly all invested again, and who knows? Maybe now the dip comes and I get double whammied.
As they say, time in the market beats timing the market.
Comment removed from /Economics - Williale - Created on 07/18/18 20:55:43 UTC - permalink
submitted by throwittomebro to reconomics_mod_audit [link] [comments]

/r/exmuslim Drilldown July 2016

/exmuslim Drilldown

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submitted by DEATH-BY-CIRCLEJERK to DeathByCirclejerk [link] [comments]

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