The ONLY thing that should set interest rates is the free market. The private Mortgage market IS the real market. Anything else is government subsidies. Fanny May and Freddy Mac are illegal and unconstitutional as far as their association with the government is concerned. The Federal reserve is a very effective PSYOP, and should not exist. Housing was coopted by the FED to cover for money printing and inflation. It must stop. Houses are not money. The stupid FIAT MONEY system has turned houses into money. The free market in housing does not exist. I could list 100 reasons why is doesn't exist, but I'll cite the tax laws just to start.
Dan
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The Constitution, Atlas Shrugged, bitcoin, psychological warfare, Biblical truth.
Could they invent, build ,engineer and deploy a cyber, social, viral, "cancer" that kills socialism, Communism, and Marxism ? It's my pleasure to say the answer is yes. Not only did they do it, but it's non-violent, out there, tested, and absolutely unstoppable. The basis of this new weapon is a new math equation. The math equation is a algorithm that proves perfect and absolute scarcity. We have had new math equations change the world in the past.This time will be no different. This software/launguge will rebalance power on earth, because this new weapon is based on math and physics. It is decentralized, and open scorced. It's unstoppable. This software could have John Perry Barlow's dream. This invention would be loved by Ayn Rand.
It's called Bitcoin.
Michael Saylor said that "Economics turned from an art to a science on January 3rd 2009".
I have dwelled on this statement, trying to dispute it for more truth. I have had no success in doing so.
His reasoning revolved around the fact that Bitcoin is directly linked to electricity, augmented by many hardware and software applications. Since Bitcoin has its basic essentials anchored in the mathematiics of electrical energy, I found Michael Saylor's statement to be profound.
Bitcoin will change the way Economics is taught.
In the future there will be alot less art and alot more science in the Economics classrooms.
At a coffee truck, I was in line behind 20 year olds. They were getting "fancy" coffees. They were waving their phones over the payment processor & merrily going on their way. I got my plain coffee as the clerk mutteref out '$6.5o".
What impressed me about this event was not the price. I'm educated on inflation & monitary policy. I was still surprised about the $6.50 price, but not stunned. What surprised me was the way all the younger kids could apparently afford it and not care. Their world view is high prices. They're unaware of inflation money being stolen from them.
I asked my self "Are they really that highly paid"? Do they have savings? retirement? Own a home? How much debt? Apparently their discretionary income was high based on the 10k worth of tattoos that I could see on them.
I was left with more questions than economic answers in an area of study I've put 40 years into.
Something is gonna break soon. I'm protecting myself with Gold, silver, & bitcoin.
MARKETS are in the same category as the weather. Some people have good ideas about certain aspects of how it works, they make great looking charts, and they have great historical data, but they don't know shit.
What will they call the new divisor of Bitcoin once the Satoshi reaches parity with the USA penny ?
Most people don't realize just how fast this can happen. When it does, I think we should be ready with both the software upgrade and the name for the new divisor. If I had to toss a name out there for consideration, it would be "Liber". Libertas is Latin for freedom and the Liber is just a shorter masculine version of that word. The "Liber" is easy to say and has basic meaning for all humanity.
Does anyone have and idea ? Or agree with me ?
Let's get this thing named so we know what to call it and can start planning.
Thanks.
I just got off the phone with my software engineer who also has a PHD in applied physics. He is autistic as they get, and still "normally" functions. I had told him to please solve the "Quantum" problem that Bitcoin will possibly have. I said, I'll get back to you in a few days. His only response was, "what time on Friday? ". I said noon.
So, When I called him, He said " I have good news and bad news". This was uncharacteristic of him because he never displayed humor. I said, give me the bad news first. He said, ok, we will have to slow it down and heat it up ! I asked slow down what ? He said they'd have to slow block speeds down by ~10%, slow Node speeds down by ~25%, replace the chipsets on all nodes over time with an "ASIC style" chips, and it would help to increase the number of Nodes by 400%. He said that simple layer of an additional energy consuming proof of work protocol can, and will, eliminate the Quantum Compute threat for good. He said the new nodes could easily be a consumer level, "plug and play, inexpensive devices, that could also be used for any number of other tasks needing security.
When I asked him, "what's the good news", he said, he is buying a load of bitcoin.
So gold and silver are on a analog money run....NOW for digital money, the essential type we use for high speed settlement over vast distances as well as credit card purchases at our local shops. That type of money is at its more simple definition, a ledger. When the banks held people's gold, it was simply on a ledger. We know how THAT STORY ended with the banks being trusted with the ledger.
So, the world will NEED and must have a digital, high speed money on a TRUSTED, decentralized, immutable ledger, that no-one person, bank , country or even military can control. The money must have a fixed supply, algorithmically set, back by electric power.
This is where the " iPhone of money" of money comes in, Bitcoin. EVERY major nation on earth is now engaged in a Bitcoin treasury. The protocol is growing at the "network" growth rate, or power curve rate. At a 2 trillion market cap, it's size says it unstoppable because no asset that has reached that size has ever failed.
So, in order to Electronically protect any type of gold or silver backed money ledger, BITCOIN must be used. There is no other way, unless someone wants to travel around with a fat pocket of silver and gold coins in the future.
What if you had a big gold bar, safely stored in your house.
What if someone from Washington DC, came into your house and shaved just a little gold off your bar every year ?
You'd be pissed huh? ESPECIALLY, when they said, " don't worry, it's only 3%, it's good for the economy".
This is what they have been doing with the USA dollar, since 1913. Theft is theft