…of Artificial Intelligence, Blockchain, #Bitcoin and Roswell.


merahza (51) in blockchain •

Bitcoin Yay!

Suddenly, everyone is talking on the streets and in the elevators and crowding in to this frenzy. It is the current investors’ (gamblers) delight, whilst some are just spitting ‘Bitcoins’ from between their lips just to appear techy-clever. The old Ricky Nelson song “Fools Rush In” is playing in my head.

I have been following the Bitcoin story since 2013 and posted some articles on my blog. If my blog stats are anything to go by, nobody read. So much for Bitcoin then.

Now, if you’ve not heard of Bitcoin, you’d be looked upon as Jurassic. Still, not many really grasp what it is and I hear a lot of rubbish from a lot of people, including some serious investors.

When I first heard of Bitcoin, I was amazed not from the investment point, but the technology behind it which is Blockchain. Here, I thought was the very thing that could and would change the world, the enslaved world

Its the key to decentralization and its key feature is transparency. I wonder if that mean anything to anybody.

Centralization is the padlock of control – central government and central bank. In the colonial days, the power supplier in Malaysia then was the Central Electricity Board (CEB), which was later changed to TNB, but remain as the sole and central supplier.

Yes, I do see Blockchain as the disruptor to the controllers’ centralization game of control. The awaken people are now given the hope of freedom. But, sadly to the sleepers who are mainly money-greedy, all they see and could see is the $ sign.

Okay, so let them be…to each his own

I am not anti-Bitcoin or cryptocurrency, nor am I Bitcoin-crazy. The speed of the rising price of Bitcoin made me ponder and question the factors to this extrodinaire phenomenon?

What’s up doc?

Watch this:

I am one human be-ing who have learned to question everything and not take thing as it is. I posted earlier about Bitcoin being a fraud and it was with a question mark because I am questioning.

…of Artificial Intelligence, Blockchain, Bitcoin and Roswell.

Now what’s with this word “Roswell” doing in the title of this post?

Satoshi Nakamoto is attributed as the inventor of Blockchain and Bitcoin, right? Nobody believes that of course, and the big hunt for the real person/s are on as we speak. Perhaps they should put up a bounty (in Bitcoins). Sahil Gupta, a computer science student at Yale University and former intern at SpaceX, believes Satoshi is Elon Musk. Elon has sinced, humorously denied it.

If the AI/Blockchain Connection video above is true, then I think humans are in dire straits because we’re, in fact nobody, nobody is prepared for the Singularity scenario to come too soon or worse its even already here.

Apparently AI is all around us now, and that a Blockchain for AI (like Sophia the robot) to congregate and communicate with each other is already in the making.

The video alluded that Blockchain is AI technology, created and written by itself. The whole Blockchain-Bitcoin thingy is simply one business agendato take over the current (financial-commercial) system and replace it with the Blockchain system. And its all AI work. Now, that’s jaw dropping if you get it.

Of course some people will thrash that kind of idea. Now this’ where Roswell comes into the picture.

Roswell UFO incident

In mid-1947, a United States Army Air Forces balloon crashed at a ranch near Roswell, New Mexico.[1] Following wide initial interest in the crashed “flying disc”, the US military stated that it was merely a conventional weather balloon.[2] Interest subsequently waned until the late 1970s, when ufologists began promoting a variety of increasingly elaborate conspiracy theories, claiming that one or more alien spacecraft had crash-landed, and that the extraterrestrial occupants had been recovered by the military, who then engaged in a cover-up. – Wiki

Are we using Alien Technology?

Are we using alien technology? Is it just me or is technology moving too quickly? Are we really that intelligent? The people in this forum suggest otherwise. j/k 🙂 Seriously,when was the supposed Roswell alien ship incident again? 1947? Well, look at the world before and after that period. The transistor, rocket technology, even the upcoming solar sails. Hmmm, I wonder. Why is technology moving so quickly the past 50 years as compared to human technology in the previous centuries? What do you guys think?

Reverse-Engineering Roswell UFO Technology

Computer company chief Jack Shulman argues that the transistor could never have been invented so suddenly at AT&T in late 1947 without input from top secret Government projects, that some have identified to him as being from alien spacecraft.

The Original ACC (American Computer Company) Roswell 1947 Story

This is a story which, if true, could ultimately change the way you and I look at our Televisions, Radios, PCs, and other electronic equipment. If proven, it could lead to vast change in the modern world, change even beyond what modern technology has already done in this Century. In fact, if it turns out that Humanity is not alone in the Universe: that all by it self would force us to alter the way we look at Religion, Science, Politics and, even, Human Society.

What you are about to read is a remarkable story, as of yet unconfirmed.

What do you think?

YOU ARE ABOUT TO READ THE AMERICAN COMPUTER COMPANY STORY ABOUT THE ROSWELL INCIDENT ON JULY 7, 1947 and one person’s story about an alleged transfer of Alien Technology to Bell Laboratories.

Is it too bizarre or flamboyant then to think that Blockchain-Bitcoin isn’t Alien/AI technology?

What’s more disconcerting is the agenda – the BUSINESS PLAN.

Putin: Who Controls AI “Will Be Ruler of the World”

AI alarmism took on a geopolitical cast today as Russian President Vladimir Putin asserted that whoever is first to build breakthrough artificial intelligence technology will have world domination.

Any wonder Elon Musk (who knows what we don’t) is warning the world about AI/Robots?

With these warnings being shouted to anyone who can hear, though (and barely a handful of you know this), YOU are living in logical fallacy world called “affirming the consequent

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Original post @ Steemit

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Crypto Or Gold Killed The Bank Star (Bankster)?


merahza (51) in gold

The inertia Bitcoin seems to be unstoppable moving in Newton’s first law of motion.

Bitcoin tops $9,000 mark for first time

The cryptocurrency has risen nine-fold since the beginning of the year. – CNET

It is rapidly rising to the 10K level as predicted earlier this year by some observers.

There are many reports that the fiat currency is in ICU and the reading on the EKG (heart monitor) is deadly low. The ‘doctors’ are desperate.

While the whole world is focused on Bitcoin, something is brewing in ‘gold’ which is sidelined and unreported, both in the alternate and the lame stream media.

Deep State” Gold Fears Plunge World Into Crisis After Top Russian Diplomat Arrested

A grimly worded Ministry of Foreign Affairs (MoFA) report circulating in the Kremlin today states that as signs are emerging that a “money tsunami” may soon spur the quadrupling of gold prices to over $5,000an ounce, Federation Council member Senator Suleyman Kerimovhas been arrested in France—despite his having diplomatic immunity covered under the protections provided to foreign diplomats under the Vienna Convention on Diplomatic Relations—but whose true “purpose/reason” behind his illegal detention is due to his families ownership of Polyus—which is Russia’s largest gold producer, and one of the world’s largest top 10 gold mining companies

As to why Senator Suleyman Kerimov traveled to France on 20 November, this report explains, was to meet with Jason Cozens and Ben Davies—who are the co-founders of the stealthy London fintech startup Glint—and that has become the most feared company in the entire Western world for their creating a new global currency based entirely on gold—and whose stated goal is:

At a time of extraordinary monetary policy and when trust in currencies, banks and existing payment systems has been eroded, Glint helps us move to a more stable global economy.

A new global gold currency, foreign exchange and payments account, Glint is a timely innovation with immediate and reliable application. A game changer, it brings you money that is reliable and independent and gives you more control in the way you store, spend, exchange and transfer money.

Gold is the most reliable store of value – Glint is the only way to spend it.

Through our innovative app, Mastercard® and banking integration you can use gold as money in every sense of the word. It’s entirely liquid yet still gives the same reassurance and universal recognition it always has. We’re taking gold out of the vaults and putting it into your hands.

With Polyus having proven gold reserves totally an astounding 64.3 million ounces, this report notes, its merging with the new global currency Glintwould provide to the world the most secure and private means of conducting financial transactions ever known—but that would be at the expense of the now completely discredited Society for Worldwide Interbank Financial Telecommunication (SWIFT)—whose strict secrecy rules were grossly violated by the _“Deep State”- in their shocking attempt to discredit President Donald Trump.

Read further

Its pretty clear that with all the happenings around the rotten financial system, the controllers’ control button is jammed and I’m just wondering which one will kill the bank$ter$ first – crypto or gold?

Meantime, I’m enjoying this video…that killed the Radio Star?

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Original posting @ Steemit

The Control Button Is Jammed!


merahza (51) in control

In computing, a Control (Ctrl) key on the keyboard is a modifier key which, when pressed in conjunction with another key, performs a special operation.

If it is jammed, your keyboard shortcuts (macros) won’t work, and your computing tasks may become more difficult if not laborious. All is not lost though, its just that you’ve lost a certain amount of control of your computer.

I want to talk about another kind of control – World Control. The bunch of scumbags who have been controlling the people on Earth for eons.

For many years now I have been wondering how the people could ever free themselves from these filthy villains. What will it take to overcome them? Revolution, as we have learned from history is unfruitful and meaningless and ends up square one too soon after it happens. Don’t talk about polling because that’s really crap if you really don’t know.

Why, what’s the problem?

Its the system stupid!

Changing govt will not fix country’s problems.

 

The Control System

The control system is wide ranging, in fact its every thing in the Matrix, which by far the biggest and most effective is the monetary system operated and controlled by the bank$ter$

“Give me control over a nations currency, and I care not who makes its laws” ~ Baron M.A. Rothschild

” …a whole slew of people within what we term as the slavery systems …see the banks control everything… People don’t know, but all the banks in the world operate under one umbrella.” ~ Heather Ann Tucci-Jarraf

There is absolutely no defense for the present system whereby private bankers create money completely out of thin air for themselves to lend and then charge interest on that ‘nothingness’. The Bank of England, with its hidden controller the Bank for International Settlements based in Basel, Switzerland (often described as the Central Bank of Central Banks), dictate behind the scenes the fiscal policies and direction that our supposed sovereign and independent government must take. We are all prisoners of this utterly corrupt system and it’s time to confront it head on to collapse it. ~ Justin Walker (Bankers, Bradburys, Carnage And Slaughter On The Western Front)

Enough said about them stinking-to-high-heavens-bankers.

The Control Button

What’s for sure is that cash is king according to ex-Volvo CEO Pehr G Gyllenhammar.

Everything revolves around money. When the money stops the control stops.

A revolution in the monetary system is taking place as we speak and some have termed it as the Bloodless (r)Evolution. The weapon is technology and it is none other than Blockchain and the incidental Bitcoin

Technology moulds and shapes civilization. The first recorded form was the Agricultural Revolution circa 10,000 B.C. Then came the Industrial Revolution in 1760-1840. In between that was The Renaissance, which is regarded as the cultural bridge between the Middle Ages and modern history which took place in Europe in the 14th Century

We are now in the era of Information Communication Technology (ICT), or what some have termed as the Fourth Industrial Revolution

  • The first Industrial Revolution was characterized by steam and water.
  • The second Industrial Revolution was the introduction of electricity to mass produce things.
  • The third is characterized by the internet, communication technologies, and the digitalization of everything.
  • The fourth Industrial Revolution is the concept of blurring the real world with the technological world.
    Our world is changing fast in ways we’ve never seen or experienced before. Technology is revamping the way we live, work and do business.

The Economist report Mar 12, 2009:

The triumph of entrepreneurship is driven by profound technological change. A trio of inventions—the personal computer, the mobile phone and the internet—is democratising entrepreneurship at a cracking pace. Today even cash-strapped innovators can reach markets that were once the prerogative of giant organisations.

The internet provides a cheap platform for entrepreneurs to build interactive businesses. Meg Whitman grew rich by developing an online marketplace, eBay, where people could buy and sell without ever meeting. An army of pyjama-clad bloggers has repeatedly outsmarted long-established newspapers on breaking stories. Automated news-collecting services such as RealClearPolitics and Memeorandum, using tiny amounts of capital, have established themselves as indispensable tools for news junkies.

What is to be added now in 2017 to the Economist’s report is Blockchain.

It is the mother of all bombs as far as the controllers are concerned. Their fraudulent monetary system is being bombed and they’re caught with their pants down. Befuddled, they realized that they are losing control and the harder they press the control button the more stuck it becomes.

They’ve lost control

Bank Admits Fiat Currencies Are Failing And Cryptocurrencies May Replace Them

As the transition towards a blockchain-based economy continues, the established financial powers are desperately trying to stay relevant. In an attempt to boost their credibility, analysts at Deutsche Bank are finally admitting that State-run fiat currencies are becoming obsolete. For years, blockchain entrepreneurs and other critics of central banking have been branded either conspiracy theorists or criminals. But recently, those controversial opinions about the inevitable changes coming to the world’s financial system are being echoed by mainstream pundits.

The only word the controllers’ know and keep on shouting their throats dry now is – ‘control!

Malaysian Central Bank to regulate digital currency deals next year

Today, Bank Negara Malaysia (BNM) governor Tan Sri Muhammad Ibrahim said the central bank will designate persons converting cryptocurrencies into fiat money currencies as “reporting institutions” under the Anti-Money Laundering (AML), Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 beginning next year. Fiat money refers to currencies backed by government.

That’s all they have since the control button is jammed.

“You can resist an invading army; you cannot resist an idea whose time has come.”Victor Hugo

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Original posting @ Steemit

The Economist: World Currency By Jan. 9, 2018


climateerinvest.blogspot

Get Ready For A World Currency

phoenix

Get Ready for the Phoenix January 9, 1988, Vol. 306, pp 9-10

THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.

At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987. The governments of the big economies tried to move an inch or two towards a more managed system of exchange rates – a logical preliminary, it might seem, to radical monetary reform. For lack of co-operation in their underlying economic policies they bungled it horribly, and provoked the rise in interest rates that brought on the stock market crash of October. These events have chastened exchange-rate reformers. The market crash taught them that the pretence of policy co-operation can be worse than nothing, and that until real co-operation is feasible (i.e., until governments surrender some economic sovereignty) further attempts to peg currencies will flounder.

The new world economy
The biggest change in the world economy since the early 1970’s is that flows of money have replaced trade in goods as the force that drives exchange rates. as a result of the relentless integration of the world’s financial markets, differences in national economic policies can disturb interest rates (or expectations of future interest rates) only slightly, yet still call forth huge transfers of financial assets from one country to another. These transfers swamp the flow of trade revenues in their effect on the demand and supply for different currencies, and hence in their effect on exchange rates. As telecommunications technology continues to advance, these transactions will be cheaper and faster still. With unco-ordinated economic policies, currencies can get only more volatile.
….
In all these ways national economic boundaries are slowly dissolving. As the trend continues, the appeal of a currency union across at least the main industrial countries will seem irresistible to everybody except foreign-exchange traders and governments. In the phoenix zone, economic adjustment to shifts in relative prices would happen smoothly and automatically, rather as it does today between different regions within large economies (a brief on pages 74-75 explains how.) The absence of all currency risk would spur trade, investment and employment.

The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate – and hence, within narrow margins, each national inflation rate- would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit. With no recourse to the inflation tax, governments and their creditors would be forced to judge their borrowing and lending plans more carefully than they do today. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world.

As the next century approaches, the natural forces that are pushing the world towards economic integration will offer governments a broad choice. They can go with the flow, or they can build barricades. Preparing the way for the phoenix will mean fewer pretended agreements on policy and more real ones. It will mean allowing and then actively promoting the private-sector use of an international money alongside existing national monies. That would let people vote with their wallets for the eventual move to full currency union. The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power.
…..
The alternative – to preserve policymaking autonomy- would involve a new proliferation of truly draconian controls on trade and capital flows. This course offers governments a splendid time. They could manage exchange-rate movements, deploy monetary and fiscal policy without inhibition, and tackle the resulting bursts of inflation with prices and incomes polices. It is a growth-crippling prospect. Pencil in the phoenix for around 2018, and welcome it when it comes.

Just to be clear: This is NOT fāke™ news. It is an article from The Economist published 29 years and six months ago, today.

We are counting down the minutes.

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IMF Teaches Governments How to Wage War on Cash


Creepy IMF Paper Teaches Governments How to Wage War on Cash

by Peter Schiff

There’s been another shot fired in the “war on cash.” Recently, the International Monetary Fund (IMF) published a working paper offering governments suggestions on how to move toward a cashless society even in the face of strong public opposition.

Over the last several years, we’ve seen a steady push to eliminate, or at least limit, the use of cash around the world. In May of 2016, the European Central bank announced it will stop producing and issuing 500-euro notes by the end of 2018. Not long before the EU announcement, a former Obama economic adviser/ex-Treasury secretary floated the idea of eliminating the $100 bill in the US.

Banks have also gotten in on the act. Last year, Chase capped ATM withdrawals for non-Chase customers at $1,000 per day. Recently, ATMs in Mexico stopped issuing 500-peso notes, leaving the 200-peso note as the highest denomination available. CitiBank Australia stopped handling cash transactions altogether late last year.

Indians also felt the squeeze last fall. On Nov. 8, the Indian government declared that 1,000 and 500 rupee notes would no longer be valid. They gave the public just four hours notice. Why? To force so-called “black money” into the light.

About 90% of all transactions in India are in cash. It is an overwhelmingly cash economy and virtually every Indian has currency stashed away in their home. The government can’t tax transactions using black money. By making the 1,000 and 500 rupee notes valueless, government officials hope to force the black money into the economy so they can get their cut.

Officials always justify their war on cash with talk about “customer preference,” and fighting terrorism and drugs, but the drive toward a cashless society is really about control.

By controlling access to your own money, banks and governments increase their control over you. They can collect maximum taxes and fees, they can track purchases, and they can even manipulate your spending habits by imposing negative interest rates that effectively charge you for saving.

Needless to say, many everyday people like cash and the relative freedom it provides. In a worst-case scenario, they can at least shield their wealth by shoving cash under their mattresses. You can’t do that if there isn’t any cash.

Well, the IMF wants to help governments crack down on cash in a kinder and gentler way. In “The Macroeconomics of De-Cashing,” IMF analyst Alexei Kireyev explains how governments can overcome the objections of their citizens as they wage their war on cash.

“Although some countries most likely will de-cash in a few years, going completely cashless should be phased in steps. The de-cashing process could build on the initial and largely uncontested steps, such as the phasing out of large denomination bills, the placement of ceilings on cash transactions, and the reporting of cash moves across the borders. Further steps could include creating economic incentives to reduce the use of cash in transactions, simplifying the opening and use of transferrable deposits, and further computerizing the financial system.”

Kireyev suggests governments will encounter less resistance if private institutions lead de-cashing efforts. After all, governments don’t want to give the impression they are trying to control their populace.

“In any case, the tempting attempts to impose de-cashing by a decree should be avoided, given the popular personal attachment to cash. A targeted outreach program is needed to alleviate suspicions related to de-cashing; in particular, that by de-cashing the authorities are trying to control all aspects of peoples’ lives, including their use of money, or push personal savings into banks. The de-cashing process would acquire more traction if it were based on individual consumer choice and cost-benefits considerations.”

Note: the paper does include a disclaimer. “The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF.”

Nevertheless, the suggestions in the working paper are creepy, to say the least. They certainly confirm the powers-that-be are very interested in limiting your access to cash and exercising maximum control over you.

One way to protect yourself from becoming a victim in the war on cash is to just buy gold and silver. The intrinsic value of precious metals can never truly be condemned by any government.

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https://tabublog.com/2017/04/14/imf-plans-for-cashless-society-disclosed/

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LOL! German Central Bank Warns Not To Use Bitcoin As It Is Not Backed By A Central Bank


🤣  This gives me more reason to jump right into Cryptocurrency ‼️


DV

May 13, 2017 by

Central banking, which is a tenet of communism and a scheme to impoverish the many to benefit a few, is one of the evilest, most pernicious and rapacious entities on Earth.

So, when a member of the German central bank, Bundesbank, warned against buying bitcoin I almost choked on my wiener schnitzel.

Having a central bank warn against buying bitcoin is like a rapist warning you that sex with your spouse isn’t as exciting as when he rapes you.

Yes, we know… and that’s why most people prefer not getting raped… and why we prefer bitcoin over any central banking scrip.

Here is what Carl-Ludwig Thiele, a Bundesbank board member said:

“Bitcoin is a means of exchange which is not issued by a central bank, but by unidentified actors. I do not see it as a currency. If you think Bitcoin would be as safe as the euro or the dollar, you have to take responsibility for it. We can only warn people not to use the bitcoin to preserve purchasing power.”

It comes as the height of arrogance to warn now, with bitcoin at all-time highs near $1,800, that bitcoin is a bad currency to “preserve purchasing power.”

If you had bought $1000 USD worth of bitcoin back in 2011 at $3, it would now be worth roughly $566,000.

If you had $1,000 USD in 2011, it would still be “worth” $1,000, but that $1,000 would only buy about $913 worth of goods. And that is when calculating the depreciation with the government’s own CPI index of 1.34% per year which has no bearing on reality. It is much higher than that.

If you had bought $1000 USD worth of euros in 2011, you’d now have $859 worth of euros considering the January 2011 USD exchange rate of .748 Euro per dollar.

So, with dollars, you would have lost roughly 1.34% per year due to inflation and with euros, you lost a whopping 5% due to the drop in the value of the euro and even more if inflation is considered. And, with bitcoin, your purchasing power increased by 56,500%.

So, clearly, you can see why the German central bank is warning against holding bitcoin. Because if everyone held bitcoin we’d all be rich and there would be no German central bank for Carl-Ludwig, that Keynesian communist, to “work” at.

Let’s compare bitcoin to central bank issued fiat currency to show further how ludicrous Thiel’s statement is:

Across Europe and the US, the economies are falling apart as the middle class is wiped out and tens of millions are pushed into poverty by the direct actions of the central banks.

Minimum wage protests continue because people are finding that the central bank’s inflation has made it so they can barely afford to eat anymore.

Meanwhile, the value of bitcoin continues to increase. Had everyone had bitcoin for the last few years there’d be no poverty and no strife.

The euro has fallen 99.75% versus bitcoin since 2011. This is what the German central bank is warning you about.

We suggest you ignore anything that the government, central banks and mainstream media tell you. All three of them are centralized and archaic and are in the midst of being washed away by a new paradigm of non-violent, decentralized systems of which bitcoin is one.

Most of the world hasn’t realized this evolution is in process, though, so you can still get in and well-positioned before the crowd and potentially realize a fortune for doing so.

You can get access to our book, Bitcoin Basics, and our newsletter that covers this ongoing paradigm shift here.

I’ll wager with Carl-Ludwig Thiele that bitcoin outlasts both the US dollar and the euro. In fact, I’ve predicated my life’s work around it here at The Dollar Vigilante.

Central banking is so 20th century. It’s time people like Carl-Ludwig Thiele disappear. In fact, why is the Bundesbank even still around? It essentially does nothing now that the counterfeiting power and interest rate market manipulation are committed by the European Central Bank.

Poor Carl-Ludwig, he doesn’t even know he is already obsolete.

#IMF pushing for a revolution?


ArmstrongEconomics

The International Monetary Fund (IMF) is always the cheerleader to raise taxes to support government they are instructing Germany to raise taxes and also talking about just imposing a 10% tax on all money on deposit in banks throughout Europe. Yes – you read that one correctly.

The IMF has told Germany it should raise its property tax, cut social welfare contributions and invest more to reduce income inequality. The demands are contentious in an election year. Once again the IMF has demanded higher taxes on savings deposits in Germany. Germany must do more for to raise taxes to impose more socialistic ideals to somehow tax the rich to create a broader participation of all citizens in the fruits of economic growth, if somehow raising taxes actually ever creates economic growth. The IMF warns that there is a relatively high tax burden on lower incomes with a comparatively low burden on assets.

The IMF argues for higher taxes on property are in fact necessary and that the government should demand higher wages to also give impetus to the growth in Germany, yet this is magically creating no inflationary impact. Years ago, Italy simply imposed a tax on money in one’s account. This was called a “capital levy”. This was a one-time charge as an exceptional measure to restore the sustainability of the debt. The IMF is also suggesting that measure be invoked to help the coming Sovereign Debt Crisis. The attractiveness of such a measure is that such a one-time tax can be levied before a tax evasion can even occur, especially if cash is eliminated and money can only exist in bank accounts. This requires the belief that this measure is unique and never repeated.

The IMF has already calculated how much the measure would cost every Eurozone citizen:

“The amount of the tax would have to bring the European sovereign debt back to the pre-crisis level. In order to reduce the debt to the level of 2007 (for example in the euro area countries), a tax of about 10 percent is needed for households with a positive asset. “

As you can see, there is NEVER any discussion about reducing taxes or the size of government. The solution is always to raise taxes and to not even look at the old Italian trick of a 10% seizure of all cash in your account. We highly recommend to diversify to assets that are MOVABLE and not subject to taxation merely to possess.

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