2021-07-19 News Commentry
**Latest co-ordinated 5-eyes propaganda**
The latest leading 'news' to sweep through front pages on all the 5-eyes new media is China cyber attacks. As always, no evidence is shown, no court case. It is politicians (who know nothing about computers and security) dictating the anti-China message as usual.
This is for a problem that is Microsofts fault, insecure code letters hackers break email servers.
As usual, all the media outlets just write down what the politicians dictated to them, and then they all go and publish it, no evidence needed! So much for free media.
Ironally, the news from 5-eyes 'allies' Canada and Australia is they they 'joined in 'with other countries' to blame China with no evidence. Clearly this is political.
This supposed minor breach, of unprotected exchange server of 250k accounts back in January, is irrelevant, and likely not Chinese.... but is world breaking news for the 5-eyes looking for drum up support for war against China. Compare this to the regular breaches by US hackers of millions accounts from Target, Yahoo,
Headlined on
BBC and Guardian (UK) https://www.bbc.com/news/world-asia-china-57889981 https://www.theguardian.com/technology/2021/jul/19/microsoft-exchange-hack-us-biden-administration-china
CNN, NBC, etc (US) https://edition.cnn.com/2021/07/19/politics/us-china-cyber-offensive/index.html https://www.nbcnews.com/tech/tech-news/us-accuses-china-abetting-ransomware-attack-rcna1448
SBS (Australia government outlet) https://www.sbs.com.au/news/australia-joins-other-countries-in-blaming-china-for-a-global-email-hack
Toronto Sun, CBC, etc (Canada) https://torontosun.com/news/national/canada-joins-allies-in-blaming-china-for-massive-attack-on-email-servers https://www.cbc.ca/news/business/micosoft-exchange-hack-china-1.6108265
Although laughable, it works every time, and 5-eyes countries preparing citizens to ba rascist, and prepare them to accept war, as usual. This same pattern has been happening for 70 years from Vietnam invasion onwards.
Another obvious sign of political propaganda, none of the media or politicians in the group have called out US government hacking, the largest cyber attacker by budget by far, with the Pentagon, CIA, NSA all involved in offensive cyber attacks around the world to cause instability, undermine democracy, and damage civilian infrastructure and lives.
**China Xinjiang propaganda continues non stop**
With no evidence again, politicians tell the media of genocide and forced labor. e.g. Business Insider, Newsweek, ABC, BBC, VOX, Guardian, etc. Of course, every article states that 'The US Government says....' ... obvious propaganda since there is no evidence, just political dictates that are publishes all across the media with no fact checks. It all comes from the US...coincidently the one trying to undermine China's economy and start a war. While muslim countries would be the first to defend muslims, says there is no issue, is a sign that is all propaganda. Yet western nations ironically are fabricating they care about muslims now....after murdering millions of muslims for 60 years for control of their resources (Libya, Syria, Iraq, Yemen, Kuwait, Saudi Arabia). https://www.msn.com/en-us/news/world/the-us-government-just-warned-companies-that-even-indirect-ties-to-forced-labor-in-chinas-xinjiang-province-risks-breaking-the-law/ar-AAM9IUx https://www.msn.com/en-us/news/world/democrats-and-republicans-team-up-to-punish-china-over-xinjiang-forced-labor-products/ar-AAMbglD https://abcnews.go.com/US/wireStory/china-us-measures-xinjiang-threaten-global-trade-78858155 https://www.bbc.com/news/world-asia-china-57124636 https://www.vox.com/2020/7/28/21333345/uighurs-china-internment-camps-forced-labor-xinjiang https://www.theguardian.com/world/2020/dec/15/xinjiang-china-more-than-half-a-million-forced-to-pick-cotton-report-finds
Propaganda is simple, if you repeat it enough, people believe it. Western media happily ignore 50 million murdered overseas by 5-eyes over 70 years, larger than Nazi germany, the largest forced labor camps in the world in the US, larger than Stalin, and most genocides and war crimes in the world....they are all fine per western audiences...no boycotts, no media, no sanctions, no prosecutions...it all makes a mockery and face of 'international law'.
Obviously this is a main front in US war against China, with mostly the Afghanistan invasion is being used by the US to train terrorists to cross into Xinjiang to attack china as a proxy war.
US 'hasty' departure from Afghanistan leaves 16,000 'pentagon contractors', the CIA and blackops teams. So while the US can claim it left Afgahanistan, the usual tactic of leaving a full military behind, all 'off the books', to train and cause terrorism in China. This is just like the CIA working closely with Osama Bin Laden to develop his terror group to fight the Russians in Afghanistan.
Apart from causing terrorism to undermine China, the US political propaganda also aims to undermine the economy of Xinjiang as a second front. This uses the fabricated claims of genocide and forced labor to stop companies buying from Xinjiang.
Even though 'international rule of law' is followed by all companies, and all companies have reported on forced labor supply chains for decades, all giving detailed audits and reports there are none. The US politicians, who none of done any audit, somehow know that genocide and forced labor exists without providing any evidence.
So in the real lawlessness, western politicians can just say there is forced labor, and block companies. There is no point to rule of law anymore, it is all just political dictates, scrapping of international law, all for the purpose of war against China.
War always starts with undermining the economy and supply chains... tarrifs (done), sanctions (done), blockades of supply chains (done), then proxy wars (Xinjiang, and more coming (taiwan, phillipines, myanmar, etc), then there will be a 'mistake', 'flase flag' or trigger that will rapidly escalate into full scale war.
This entire war will be all based on fabrications once again, and the only reason for mass death is pentagon profits.
2021-07-11 News Commentry
BBC attacks vloggers mocking their stories!
https://www.bbc.com/news/world-asia-china-57780023
In todays BBC latest anti-China narrative, The BBC publishes an extensive article claiming individual vloggers mocking BBC and Guardian propaganda are 'disinformation' and 'china paid'. the BBC ironically pretends they are part of a China misinformation drive!
Aside from the irony of trying to call people mocking BBC disinformation as disinformation....again, as usual, no evidence is provided, although this is presented as a leading 'news story' in BBC. It is typically of news media to fall back to just saying critics are 'chinese funded spies' with no evidence.
An example of how BBC and Guardian release propaganda, where redditors point out the 'legal report on Uygurs', where the report sources include: https://pay.reddit.com/r/worldnews/comments/m14ngw/china_breaching_every_act_in_genocide_convention/
Strafor, a CIA organization https://imgur.com/a/WSDrSFC
'Fairfax University', Dr Alwani school founded in 1998 with 100 students next to CIA headquarters in Virginia https://learn.fxua.edu/
Adrian Zenz, the crackpot German is a 'Senior Fellow' in 'China Studies at the Victims of Communism Memorial Foundation' ...located in Washington, D.C https://victimsofcommunism.org/leader/adrian-zenz-phd/
'Bitter Winter' https://en.wikipedia.org/wiki/CESNUR
'Newlines Policy and Strategy', founded in 2019 with fnuds from Fairfax University! https://newlinesinstitute.org/people/ahmed-alwani/
Of course they rely that most people will never read into all this, but essentially BBC and Guardian are pushing US propaganda.
While vloggers with no agenda are mocking the BBC pushing the government anti-China narrative with debunked reports of 'genocide' in China, the BBC deperately tries to paint these normal western people as 'China operatives' paid by the Chinese Government.
PolyMatter pushes propaganda in 'education' channel
link https://youtu.be/y87R3Lp0jd0
Here is an example of how so called 'education' channels, with Google YouTube's consent, are part of the disinformation and anti-China push. We can never know the source of these, but it is likely with the FISA secret court system, any place under US jurisdiction comes under orders that must be done and kept secret, or life prison.
This video proposes the entire anti-China sentiment in the west is due to a few tweats from Chinese diplomats, and not the massive chole of government and multinational anti-China propaganda compaign.
The tweats are just defending China against western war provocations, yet PolyMatter calls out a tweet "The US is not qualified to talk down to China" as 'wolf warrier diplomacy', and that China is 'out of control'.
Yes these tweats are in response to US President, Senators, House Representavies, US State Department, and US Military whole of government news and tweats read widely across the US, including US Declaring 'China is the enemy', 'US state department policy is Regime Change in China', 'China is stealing US jobs', 'Communism is incompatible with western values', 'Overwhelming evidence the cirus is man made in Chinese labs', 'Chinese Students are spies', 'Huawei and ZTE are stealing your data', 'Tiktok is stealing your data'.
Yet to PolyMatter, all these top governmental tweats and mass media compaings are not the reason for anti-China sentiment! Worse, all these claims are fabricated and debunked...yet these western diplomats are not 'wolf warriors'!
This video then pushes the again debunked claim that Huawai is a Chinese spying operation by claiming because China defended the company from false allegations...that proves they are spying!
The logic is a farce, yet this is the thinking of regular people in the US, and the populations of the west lap it up...along with huge increases in assaults on asians from NY to CA. https://www.msn.com/en-us/news/crime/new-york-city-sees-395-percent-increase-in-anti-asian-hate-crimes-this-year/ar-AALQFQA https://www.latimes.com/california/newsletter/2021-07-01/anti-asian-crimes-california-attorney-general-essential-california
Sydney Australia in lockdown
https://www.sbs.com.au/news/much-worse-to-come-in-nsw-as-state-records-one-new-covid-19-death-and-77-local-cases
In typical fashion, politicians cause the crisis
Australia let unvaccinated and untested US personal into Australia no questions asked, and US crew members of fedex brought the Delta into Australia unleashing the current lockdown across all residents accounting for 1/3 australia GDP.
Racism forms the government policy, as US is the worst epicenter in the world, yet US persons with caronavirus are continually let in causing outbreaks. In rascist contrast, a complete block on Indian's coming and going is put in place, including reunited babies with parents are blocked. https://www.abc.net.au/7.30/australian-parents-take-desperate-measures-to-get/13396694
US military come and go into Darwin with caronavirus, while Australian citizens are blocked for entering even for compassions reasons to see dying relatives https://www.abc.net.au/news/2021-07-08/australians-trying-to-leave-could-make-legal-challenge-covid/100273572
Australia lets in infected US actors while blocking entry and exit for Australia citizens even on compassion grounds https://www.sbs.com.au/news/comment-the-day-i-don-t-feel-australian-that-would-be-australia-day
Australian poltical corruption caused a single monopoly contract to use Astra Zeneca vaccine for the whole population, in secret contracts that are marked as 'secret' for national security. This is a mockery of using tax-payer funds to precure vaccines for public safety, and shows it is about profits. https://www.abc.net.au/news/2021-07-05/australia-covid-astrazeneca-deal-withheld-national-security/100261920
The government has rules for themselves, and different rules for everyone else. The government grants travel exemptions based on politics and money, while blocking citizens of all travel even within states to visit dying relatives.
Australian poltical corruption sought profiteering of vaccines with monopolies against all medical advice to procure multiple vaccines
Australia is less than 10% vaccinated due to government monopoly rollout that enforces government control of who gets what vaccine when. https://www.abc.net.au/news/2021-06-30/australia-hasnt-learnt-the-lessons-its-bungled-vaccine-rollout/100252912
Astra Zeneca produced 24 cases of bloot clots causing ICU and Death, but the government kept pushing it onto people by force, and claimed that the side affects were 'like winnning a lottery'! While just basic maths gives 24 cases over 1.3 million doses = one ICU case or death per 54,000 people.
The deaths due to Astra Zeneca first caused the government to only give it to over 50s, stopping the rollout for everyone else. After a death of a person in their 50s, something obvously bound to happen, the government then changed to only administor to over 60s, against stopped in the rollout for people up to 60 now! https://www.abc.net.au/news/2021-07-08/gp-vaccine-covid-rollout-pfizer-astrazeneca/100270284
The Sydney case causing entire city lockdown, the driver of a taxi rightly was too afraid to take Astra Zenaca due to family history of blot clots. Yet the government kept him working in high risk role transporting US persons from airport to hotels without vaccination and without mask. The government should have just vaccinated him with pfizer. https://www.abc.net.au/news/2021-07-07/nsw-covid-19-outbreak-explained/100271128
While completely the government's fault for both letting infected US persons into the community and for not vaccinating frontline workers, the government blamed the taxi driver!
The tax payer funded government, being the cause of outbreaks, is happy to shutdown all private businesses causing loss of income, while continuing to gove themselves full pay while using tax payer funds to make the situation worse!
As in typical democracies, governments are above the law with no repercussions, and misinformation is paramount to keep pretending they are doing a good job for the population, while continuing to pay themselves from community money.
In a 'lockdown' with Delta variant in the community, the corrupt government let big business open with no contact tracing, no masks. As expected, a superspreader even occurred at Ikea, with an infected worker working there for 100 hours while 4000 people through! https://www.sbs.com.au/news/greater-sydney-begins-weekend-under-tighter-lockdown-as-nsw-braces-for-more-community-transmission
The government did nothing for the past 12 months to ensure good practices are put in place....no expansion of ventilaors, no contract tracing system (it is still manual!), no bluetooth app, no mandatory check-in, no mask wearing enforcement, and no major vaccine rollout. During the 'lockdown' none of these were even enforced.
The outbreak was completly expected due to government corruption and misinformation, both hallmarks of democracies.
Spot the US propaganda
US propaganda is almost laughable if it wasn't so effective.
All we have to do is be aware of this, spot the indications, and the US won't be able to continue wars.
The entirity of the current anti-China propanda is fabricated, and pentagon based. Just like the Vietnam war, then Iraq war. The propaganda works. Magically now all within a few years, all 5-eyes countries are now China haters and will support war against China, starting with Taiwan.
The population actually believes China is committing genocide in Xinjiang, when there is none whatsoever. While at the same time as fabricating this, the US and 5-eyes allies have killed as estimated 50 million people in overseas invasions for resource control, mostly muslims...in actual real proven genocides and war crimes of unfathonable proportions (in numbers greater than nazi germany).
The US deems that free China classes are 'cultural genocide', drops the 'cultural' and just calls it 'genocide', knowing that genocide means 'geno' (ethnic human) and 'cide' (death), ie. ethnic cleansing. Genocide is actually what the US did in Iraq, with operations like wiping out entire cities, and intentionally using depleted uranium munitions to cause cancer for generations. This this is all good to westerners, no crimes committed.... but China giving free Chinese classes is horrid and genocide!
In the same vain, westerners believe the greatest crime was millions starving to death due to lack of food due to naive policy under Mao. Simultanously westerners have no idea that the UK in India, at the exact same time period, purposely starved 100 million Indians to death due to intentional policy of using indians for slave labor for crops, then intentionally shipping all those crops to the UK, then intentionally starving them to death! This is all good to westerners, or not even known by most.
How can such obvious opposites and absurd contradictions be achieved? Simple...overwhelming propaganda. The irony is that westerns actually believe their views are not based on a propaganda.
US propaganda
is overwhelming in presense, permeating all forms of media, TV, radio, news, internet, etc. It is easy to see if you can exit the bubble for a while.
is international in scope, especially overwhelming in 5-eyes countries where no different opinions in media can break through
is by far the largest funded propaganda operation in world, coming from huge black budgets from each of pentagon, CIA, state department
is supercharged by democracy, since in a democracy, the pentagon needs to convince a general public, which is easy to do with media
How propaganda is enabled and done is secret
Smith Mundt modernization act 2012 allowed the US gov to broadcast propaganda domestically
Whistleblowers and publishing facts and evidence is severely punished with sentences of death, life in prison with no parole, and torture. The US hunts down anyone publishing facts
Manning
Assange
Snowden
US mainstream media are relegated to sit in front of pentagon and government spokespersons, write down what they, and publish it as news.
FISA secret national security court system has all US decisions now secret, and all propaganda directives secret. If the media even says they go a FISA directive, the CEO and exectives go to jail
'Think Tanks' and 'Institutes' are used to describe propaganda outlets, most of the public associate the words with trust
Pentagon, CIA and State Department budgets are not audited
Pentagon, CIA and State Department contracts are all secret, and any FOI request is ignored, denied or redacted enough to be useless
Propaganda based state run education system that teaches nationalism, glorifies war. The opposite of the facts are tought from early ages about the Vietnam war, Iraq war, Syrian war, Libya war, Yemen war, Saudi Arabia, Isreal/Pelestine, and overthrows of democracies in Saudi Arabia, Iran, Egypt and others.
Some obvious simple examples
All these were blatent fabricated propaganda, but all led to millions of people dead and many more millions displaced and wounded for no reason other than corporate profits.
All these can easily be debunked if you just follow simple rules like looking for evidence, and looking for independent verification. However all these propaganda compaigns worked, they all get the desired outcome, with 5-eyes populations happily supporting mass killings and war by the pentagon ... with the public support!
Vietnam war was all based on fabrications and myths, that communism is evil and will take over the world in a domino effect
The population all believed the sinking of the US ship was Vietnam's fault when it was a false flag (showing how easy propaganda is)
CIA says Hakka walled villages were missile silos (ref) https://www.welum.com/article/asia-ancient-buildings-fujian-tulou/
CIA says the Chinese were destroying mosque and it was just rebuilding the gate (ref) https://medium.com/@sunfeiyang/the-case-of-the-keriya-aitika-mosque-efa29e456339
Colin Powell’s speech at the Security Council in 2003 in which then US secretary of state had claimed “irrefutable and undeniable” evidence of Iraq’s weapons of mass destruction, all faked
Iraq war 1 due to planned propaganda from president down to all of congress intentionally and knowingly holding the senate hearing about iraq's 'throwing babies' away.. all known to be a fabrication by the CIA training the ambassador's daughter on giving the false testimony. This was used to launch the war. (ref) https://www.youtube.com/watch?v=FZjC3OCs3c4
Syria war based on the faked reports of 'chemical weapons'
Libya was based on faked reports of uprising
Pentagon and State Department fabricate report for 'overwhelming evidence' cavid was man made in wuhan lab (ref) https://www.msn.com/en-us/news/world/busted-pentagon-contractors-report-on-wuhan-lab-origins-of-virus-is-bogus/ar-BB14dFI2
Mass dissemination of Adrian Zenz, a crackpot German who's goal is to overthrow Communism China, is now a 'researcher' whose fabricated papers are used to turn population against China, although readers are never aware of Adrian Zenz, and the fabricated reports are hidden (because they are all debunked) (ref) https://pay.reddit.com/r/worldnews/comments/m14ngw/china_breaching_every_act_in_genocide_convention/
January 2018, US-funded news organization Radio Free Asia (RFA) reported one of the first estimates: 120,000 Uyghur Muslims detained. Suddenly... Agence France Presse estimates 118 detention facilities! Suddenly, Adrian Zenz in the same month says 1200 detention facilities! Shawn Zheng came up with 94...much less than US detention rates (the worlds largest detainer of prisoners). Then suddenly ... to more scrary....US Defense Department accused China of running “concentration camps” with up to 3 million Muslims imprisoned, no evidence! (ref) (ref) https://medium.com/@shawnwzhang/whats-the-difference-between-prison-detention-center-and-reeducation-camp-10ca63e98c34 https://www.yahoo.com/news/inside-chinas-internment-camps-tear-gas-tasers-textbooks-052736783.html
Mass dissemination of Rushan Abbas, head of Campaign for Uyghurs, outed as CIA and propaganda. She even worked for the CIA at Guantanamo Bay! (ref) (ref) https://www.reddit.com/r/IAmA/comments/e9ad4n/i_am_rushan_abbas_uyghur_activist_and_survivor_of/fajnlev/?utm_source=share&utm_medium=web2x https://in.news.yahoo.com/china-advertises-marriages-uyghur-women-attract-han-men-171717262.html
Mass media promoted all these fabrications. Likely under FISA court directives.
New York Times is compromized (ref) (ref) https://en.wikipedia.org/wiki/Judith_Miller#The_Iraq_War https://americandigest.org/mt-archives/enemies_foreign_domestic/times_headline_writers_cr.php
The Guardian is compromized (ref) (ref) https://www.theguardian.com/news/2003/jan/19/leaders.politics https://www.theverge.com/2013/8/19/4638202/uk-officials-destroy-guardian-hard-drives-in-misguided-effort-to-stop
Radio Free Asia is the worldwide propaganda outlet of the pentagon, funded by the pentagon
Australian Strategic Policy Institute (ASPI) is the defence department funded Australian version (ref) https://en.wikipedia.org/wiki/Australian_Strategic_Policy_Institute
Reddit is compromized, reddit report showed 80% of votes came from Virginia (pentagon and CIA)(ref) (ref) https://www.theguardian.com/world/2014/jul/08/darpa-social-networks-research-twitter-influence-studies https://www.tweaktown.com/news/78966/pentagon-mysteriously-gave-company-175-million-ip-addresses/index.html
Yahoo is compromized, with Merissa Meyer famously saying 'of course i will follow the FISA directives for news, otherwise I will go to jail'... so much for integrity and leadership!
Google is compromized, google news initially released 'algorithm' based news giving all perspectives. Suddenly with Eric Scmitt as CEO who goes back and forth the pentagon, google news now contains only local compromized mainstream media news for each region
Finally, how to easy spot propaganda
It is easy to discount media as propaganda. Real media is independent, has facts and evidence, and considers both sides of the story.
A report is cited, but not linked.
Hence no way to know what the report is, who funded it, or to fact check it
A source is cited, but not named
Hence no way to verify or follow up with the source
The source was government or military press conference, not from an independent court with facts and evidence
A 'testimony' from someone.
As in iraq and others, it is simple to pay for a fake testimony (ref) (ref) (ref) https://www.businessinsider.com/muslim-woman-describes-horrors-of-chinese-concentration-camp-2019-10 https://www.theglobeandmail.com/world/article-everyone-was-silent-endlessly-mute-former-chinese-re-education/ https://en.m.wikipedia.org/wiki/Nayirah_testimony
No evidence
No independent analysis
No looking at both sides of the story
Reddit has anti-china story with no evidence in 'worldnews' with 50k upvotes before there is even a comment on it! (ref) (ref) https://www.theguardian.com/world/2014/jul/08/darpa-social-networks-research-twitter-influence-studies https://www.tweaktown.com/news/78966/pentagon-mysteriously-gave-company-175-million-ip-addresses/index.html
Double standards
e.g. In 1994, as 800,000 Tutsi people were beaten, hacked to death or shot dead in a 100-day bloodbath in Rwanda, the US did not call it genocide
e.g. The US did not call Rohingya a genocide with accounts of razed villages, widespread killings and mass rape
Yes, US calls genocide in China with no reports or evidence of deaths
If media is not accessible over TOR, it is a honey pot, and avoid it
The only thing currently stopping international peace and prosperity, and the next greats wars with US, China, Russia, Taiwan, at the moment is the huge US pentagon/CIA/State department funded propaganda, which a smart population could recognize.
Ironically this is all coming from 'democracies', ironically a democracy requires supercharged propaganda machines, and ironically this is all in place, and it all works....every time.
Democracies have never held leaders to account for all the proven past attrocities based on propaganda. Democracies with 50 years of proven war crimes and genocide have never been charged with anything. The so called 'freedom of press' , 'freedom in democracy' , and 'rule of law' ironically are the worst in democracies, and the 'free' populations of democracies are ironically are all duped and enabling the wars.
Life Lessons (so far...)
The things you don't learn in school.
But the earlier you learn them the better.
**Money**
Fiat money (government currency) is an experience started in 1971 after USA went bankrupt from the Vietnam war. USA defaulted on all international debts and stopped using gold as money for payment. In this way, US kept all their gold, and printed paper money for future debts. This is a new system, and a departure from thousands of years. From 3000 BC to 1971 AD, metal weights were used as units of value.
Lessons:
Government money is just paper that loses value every day
Use fiat money day to day, keep some on hand, but ensure you always have the majority of your wealth in non-depreciating assets like property, shares, or crypto.
**Capital Gains Trick**
Taxation may make even these assets lose value, so learn tax rules.
A 'capital gains' tax on appreciation of assets is the opposite. Assets like gold go up in value due to depreciation of the fiat value, no the appreciation of the asset. Note that capital gains taxes are NOT inflation adjusted.
A lump of gold sitting under your bed does not get better over time, or more valuable, it is the exact same lump of gold no matter how long it sits there. The value goes up since value of money is going down (there is more fiat money going around).
A capital gains tax means if you bought an onze of gold in 1971 for $260, and sold it in 2021 for $1770, with a capital gains tax of 20%, you pay the government 0.2*(1770-260) = $302. Now you have $1770-$302 = $1468 left. This can now buy you 1468/1770 = 0.83 onces of gold.
Tax has taken 17% of your wealth and you are 17% poorer after doing this...you are not ahead like you think.
Lessons:
Ensure you don't get caught in non inflation adjusted capitals gains tax
**Politics**
Government has no interest in serving the people, and works against them. This is counter-intuitive, and hard to reconcile since we are told the opposite from birth.
Governments are mostly corrupt, not somewhat corrupt. Government graft is the norm, and contracts allways have kickbacks.
Politians are funded and paid by corporations. Corporations write the laws they pay politicians to pass.
Lessens:
Assume that any money not publicly traceable is being siphoned off
Assume politicians are there to make money for themselves (as in general, all humans in all jobs)
Seek out places with good governance
**Leaders**
We are told from birth that adults and people in power and authority are to be trusted. This is the opposite of the truth. The higher you go up, the more corruption, and the more dereailed the people are. Generally adults get more and more cynical and jaded as they go through life, as the realize more and more that at the top is just corruption, money, and evil. The worst leaders can be the most popular, hence democracy can easily produce Hitler and the holocaust, brutal colonialism of US/UK, etc.
Lessons:
Trust facts and data, not what people say, even idolized leaders
Typically media and politicians present the direct opposite of facts and truth (hence do not provide evidence, facts, or justifications)
**Propaganda**
The media are looking for profits. The media is paid to run stories. Companies prefer paid stories over getting slow and smaller returns from advertising on jouralist writings. Most media is paid stories pretending to be news.
This is especially the case for business news, and increasingly mainstream and political news. Reddit found that 80% of voting for stories came from the pentagon.
https://www.theguardian.com/world/2014/jul/08/darpa-social-networks-research-twitter-influence-studies
https://www.tweaktown.com/news/78966/pentagon-mysteriously-gave-company-175-million-ip-addresses/index.html
Media will never admit, and cannot admit by law, of being paid by the pentagon or other ways. The US secret FISA courts require media companies to run stories, and if they mention it was from national security letters from FISA, the executives will go to jail.
Journalists typically just sit in government political and military briefing rooms and report on what they are told! This is not media or jouralism.
Lessons:
Simply ignore any article that does not have independent and verifiable data backing up the story. This will eliminate propaganda, and almost all media!
Use logic reasoning, and independent data, to come to conclusions
Read both sides of a story, for example media for each continent and if possible each country, to get all points of view.
**People are the same**
All humans over the earth are generally they same. They all want simple things, like food, water, shelter, and fair and honest society.
People in power or seek power are the minority that seek money, power and hence war.
Hatred, Dishonesty, is taught via schools and propaganda.
Lessons:
Work towards a world where there are no borders, and one world working together for progress.
Do unto others as you would like done to yourself
**Cryptocurrency**
Cryptocurrency is a major human acheivement and advancement equivalent to the internet that has transformed billions of lives. It will disrupt the world for the good as the internet has done.
The concepts address many of the above problems. It can move the world to a more fair, honest and inclusive world society. It can provide fair financial services and money access to everyone, it can allow any two people to transact on the planet with no middlepersons.
Lessons:
Use cryptocurrency for everything possible. When paying, always ask if cryptocurrency is accepted first. Drive adoption by proposing the business or sale only if the vendor accepts crpytocurrency.
Send $10 to all your friends by showing them how to download a wallet and receive funds. If they have $10, they are now part of the system and have incentive to learn to use it.
Don't keep cash, keep savings in cryptocurrency, then convert to cash when needed. This will protect your savings, and prevent constant fees from banks and money changers.
Don't look at price volatility, ignore price. The people who made the most have just ignored price over time. Just focus on using cryptocurrency as money.
The West meets KARMA
USA, the worst performing nation in the pandemic
USA purposefully did not implement any of the fundamental pillars of basic pandemic response procedures: quarantine, testing and contact tracing.
Why not?
By January 7, 2020, 8 days after unusual pneumonia was reported to Beijing by Wuhan health, I knew the the virus was spreading human to human airbourne and through the eyes. I knew because..... I read it on Jan 7, 2020. That is what Gao Fu, Director of Chinese CDC, leading epidemiologist on the fact finding mission in Wuhan reported and published, because he caught it through the eyes!
In USA, arrogance led to dismissing all Chinese reports and research, and rejected all Chinese publications, and would not accept any Chinese data or research! By the way, Gao Fu has a PhD from Oxford University, and associate of US National Academy of Sciences and US National Acedemny of Medicine.
16 Months Later, on May 9th, 2021, the US CDC acknowledged airborne transmission! This is 16 months after China reported it, published it in the Lancet, and the rest of the world knew, and after the virus spread (through the air!) across all of USA making it the epicenter of the diseases.
By Jan 3rd, 2020, the complete genome was identified by Chinese scientisists, and by Jan 7, 2020 it was fully sequenced and uploaded to the NIH GeneBank with full worldwide access. This allowed test kits to be produced.
USA was focused on pharma company profits, and how to leverage this for geo-political gain.
The US rejected chinese research, rejected the WHO advice, defunded the WHO, and rejected all international test kits. They were to make their own test kits via the CDC (yes the CDC revolving door of Pharma company execs), and monopolise the test kit profits. The US rejected collaborating on vaccines, and called China the enemy! Hence US testing did not start until the virus was all across the US.
Geo-politically, the US shut off Chinese flights. So the virus entered from Europe, which was completely open, no quarantine, no testing, no contact tracing.
KARMA! The US quickly became, and still is, the worst affected nation on the planet, while being the richest, it performed worse for the population than all countries including impoverished countries. The UN calls it genocide, since corruption and profit seeking directly caused 600,000 deaths and counting. These are also under-reported, and it is estimated to be 1,000,000 deaths.
Even worse, the US then went about spreading the disease willfully and arrogantly to Japan, South Korea, Australia, and other nations via military and civilians, and the US required their military skip testing when they enter these countries!
While Australia banned their own citizens from coming back home, in violation of the human rights charter it has signed, it lets US infected military personal cycle in and out without question. Just last week, in May 2021, US infections were caught in military personal coming to Darwin. By the way, Australia even bans citizens from leaving the country, even with valid work and study visas!
KARMA will surely continue for US, UK and Australia.
**Playing politics over supply chains**
US and Allies used the pandemic to claim moving supply chains out of China needs to be done. So they started moving to India!
Obviously the opposite is the truth, if you wanted a resilient supply chain, you would double dow in China, since they are best performing nation. They had a 3 month factory lockdown acorss Hubei and shutdown from Feb to April. Then factories resumed, no more Covid, and output back to normal. China also tested every person in Wuhan, so they know it worked, as opposed to any other country where they do not test everyone.
China supply chains have been back to normal for over 12 months now.
Western countries deperately moved supply chains to India, using Covid as a cover for undermining the Chinese economy.
KARMA! This backfired spectacularly, and companies deserve the results, as India suffered a huge wave of Covid. Companies trying to disrupt and undermine China got disrupted themselves in a nice case of KARMA.
This was to be expected, simple based on that China implemented standard pandemic controls, while India didn't.
India treated migrant workers as slaves, with lockdowns forcing millions to walk 100s of miles home with no shoes or food, in a digrace that caused more deaths than Covid. China lockdown had everyone stay home, and were provided food for free.
China tested everyone, 12 million in Wuhan, 12 million in Beijing, 12 million in Tianjiin, etc. India did not. China used GPS and bluetooth advanced contract tracing with AI, India does not. China has vaccinated 500 million people, India has not, and played politics with people's lives by denying them Chinese vaccines that were available.
**Attempts to Undermine China**
In a desperate attempt to undermine Chinese development, technology and progress, US banned all sales of computer chips and equipment that had any US origin, even from overseas companies. This blocked the China handphone and telco industry and 5g rollouts by using TSMC, ASML, Qualcomm, Google and others as geopolitical tools to block all sales to Chinese companies including Huawei and ZTE (Colonialism 101).
This is of course against all international rules, laws, and markets, and colonial style attempt to keep China down.
As KARMA, worldwide chip shortage occurred due to cutting off the largest manufacturer of equipment and software, and caused a worldwide, desperate stockpiling of chips from not just China, but US companies, EU companies and others around the world. This impacted US factories. The US assumes the harm to the world economy, and it's own, is neccessary to keep China down.
As KARMA, now the world is more dependent on Taiwan, which can't meet world capacity without China. US and Taiwan push for war. Likely Taiwan will be wiped out in a war, with huge numbers of dead from US and Allies. Taiwan has presumably made deals with US and allies like Australia to forcefully draft up kids to fight for Taiwan 'against the communists', in a repeat of the Vietnam war. All this to keep China down in textbook Colonialism. This will cause more suffering worldwide, mostly to the Taiwanese, then to US and Allies.
Vaccine Profiteering
China joined Covax, treated vaccines as a global good, and has shipped 700 million vaccine doses to 90 countries.
While the US and UK joined together as the only two countries in the world to reject Covax and Vaccines as a global good, saying they will enforce through sactions all patents.
Then the US tried a secret hostile takeover of the German company Biontech for the patents of their vaccine. We can only thank German executives for rejecting the money.
USA again spent huge amounts of public money, $2.1 billion USD of tax payer money in operation warp speed, to develop vaccines, while then turning around and granting patent rights to monopolize the distribution and profits. The citizens who paid for it, now have to pay monopoly prices for the vaccines they funded!
The US has provided essentially no vaccine help around the world, while being the richest country.
The US blocked ingredients to India to prevent India from manufacturing large quantities of vaccines, so US could sell at large profits. This directly led to the current calamity in India.
The US has donated a tiny 3 million vaccines.
The US hoarded Astra Zeneca, then when countries blocked it's use due to alarming blood clots forming that were killing recipients due to weak trials, the US pretended to be generous and proposed donate them away! (by the way, they had a big press release about the donation, but the donation still has not happened).
KARMA! China and Russia vaccines are better than Astra Zeneca in efficacy (92%) and are being provided as a global good. Sputnik was the first vaccine to undergo and publish full phase 3 trials, and is better than Astra Zeneca. Most countries are surviving on China and Russia vaccines. Indonesia purchased 125 million sinovac vaccines. Cambodia got 1.7 million free sinopharm vaccines, and paid $10 each for 10 million more. China has vaccinated 500 million people. India purchased Sputnik. Chile, UAE, and many others rely on China and Russia.
KARMA will surely continue to hit US and UK back.
**US propaganda attempts**
The mass US propaganda engine of the pentagon, state department, and CIA, estimated to be funded at over $50 billion per year, with hooks into all social media, traditional media, 'think tanks', and overseas media like Voice of America. Reddit's own analysis recoded 80% of all voting from the pentagon (Virgina location).
The US focused on fabricating a debunked report that the virus was made and released by the Wuhan Virology Lab (yes, the lab was also funded by the US). The entire proof presented was that the carpark was empty one day.... which meant there had to be a disaster happen at the Lab!? Of course, this was debunked online immediately after the pentagon and state department released it.... the carpark was empty because it was a Chinese holiday.
Good job USA...about as good as the Vietnam war propaganda (they sunk their own ship and blamed it on 'communists'!), Iraq War 1 propaganda (fabricated testimony that babies were being snatched our of prams by Iraqi's!), Iraq War 2 propaganda (fabricated weapons by 'weapons inspectors'!), Syria (fabricated stories of chemical weapons use), etc, etc.
KARMA! The world laughs at US state department now, and laughts at all the US media outlets that have reported all these debunked stories for 50 years.
**US China Exclusion Policy**
US is so desperate to undermine China to maintain hegemony, it excluded it from the internation space station!
KARMA! China just put the first piece of their own space station in orbit, and will have their own complete space station in 2 years. And now USA in whining about Chinese space launches, and complaining China will have a robotic arm on their station!
US is so deperate to spread China xenophobia and racism, they pull Chinese students from university, charge them with espionage without evidence, make them go through a trial, then drop all charges and release them.
KARMA! Chinese are rejecting US universities, and US is deperately trying to woo them back to get their money! You can't make this up...it is funny to see the US desperately trying to take Chinese money while preparing for war using China sanctions (the first stage of war) and anti-China propaganda to prepare the war mindset and public support (next phase of war).
The US abused the system of international arrest warrants for political purposes by arresting the CFO of Huawei...for a political law passed by US congress (**not** common law). A fabricated case based on a US poitical law that says you can't sell things to Iran! The precedent is that any country can pass a law, then arrest any foreigner for violation of that law! Canada and the US have made a mockery of law and order.
KARMA! Canada has 2 of their citizens detained in the same way. Ironically Canada is crying about it when the same thing is done to their citizens! You can't make this up! Whenver China does the same as the west, the west cries foul!
**US chooses to invade the Netherlands**
US pretends there is an 'internation order' and 'rules based system', then invades countries for communism and oil.... or if they propose to investigate your crimes!
US are proven to have committed fabricated testimony to justify invasions to the world at the UN.
US are proven to have committed war crimes in multiple countries...on tape evidence.
The US already sanctioned judges, and family members, of the ICC, because they might investigate US war crimes.
The US response....the US passed a law that if the ICC even investigates (already proven and on-tape) war crimes in Iraq and Afghanistan, the US will invade the Netherlands! Good way to handle the upholding of law and order USA!
KARMA! All this is so blatently defying international rules, law and order, and reason, that China, Russia, and the rest of the world are laughing at this sitatuation, and US has no moral authority any more.
I would to see China and Russia force a war crimes case at the ICC and see the US invade the Netherlands!
**US Trade War - WTO**
US pretends to operate in a rules based world order, but the rules don't apply to them.
US initiated a Trade War with China in 2019, already ruled illegal by the WTO, to undermine China's economy.
The US had so many cases against it, and were losing so many, that the US blocked all judges being confirmed to the WTO Panel, so the WTO couldn't handle cases. The US effectively dismanted the WTO to attack China.
That is the US upholding international rules.
The US pretended and fabricated that ZTE and Huawei had backdoors, and completely banned them, then pressued all allies to do the same. Australia, Canada, UK abliged, while noting that there were no backdoors, and providing no evidence of such (i.e. purely political in nature violating international law).
**US Trade War - Blockades**
While all US companies, from Boeing to Apple, are 'dual-use' selling to the military, the US bans and sanctions Chinese companies for the same.
US not only violates WTO, but blocks imports of chinese goods in an attempt to undermine China's economy.
In addition, US blocks all companies to sell to Chinese companies, undermining their own companies in a deperate attempt to undermine the Chinese economy.
US attempts to undermine the Chinese from taking larger percentages of chip making are using the full force of military and government to do colonial style blockades to prevent Chinese advancing in technology.
KARMA will indeed once again prevail, as in many other industries the US attempts to blockade and prevent Chinese advancement. Competing solely by colonial style blockades will not work when China produces more talent and has greater manufacturing skill and talent than the US. It is a sad state of affairs as the US resorts to undermining rule of law and basic principals in favor of war and undermining prosperity to remain a hegemon.
Chinese chip companies will advance to do basic economics, being the worlds largest producer and consumer of chips. The demise of US chip companies will be faster due to dirty tactics like this .... KARMA!
The US, along with Taiwan, have caused the worldwide chip shortage by blocking all shipments to China, including manufacturing tooling. So desperate to undermine China, the US has undermined it's own factories, which now have chip shortages, and car factories have gone offline as a result...KARMA.
The US decided China was the new enemy, the US government official policy is for regime change in China! Why? Because communism must be destroyed! We heard that over and over again 60 years ago, and thousands drafted by force, sent to die in Vietnam to defeat communism. Well...communism won, and Vietnam is peaceful and better managed than western invaders.
KARMA! US 'allies', South Korea, Japan, Taiwan, Australia, India, Filipines, all have much larger, peaceful, trade with China than USA. USA completely relies on War and Military might, not trade, to keep partners. But this will unravel, in the end, economics wins.
All Chinese has to do it do the same back at USA, and the irony is seen. It is funny to see China start to 'sanction' USA in the same way.... US squeals and throws a temper tantrum when the same is done to them... like they are the only ones allowed to make rules.
**Pathetic Attempt to show Chinese 'Genocide'**
The US propaganda engine has been given the task to convine the West there is genocide in Xinjiang. As the pentagon puts it, this is the strategy to forment a revolt in the western region of China to undermine the Government and Country.
Now the US defines genocide, not by it's meaning of large scale killing, but 'cultural genocide'! The US considers there is Uigur genocide because the Chinese offer free Chinese lessons...and compulsory schooling (just like every country). This is 'cultural genocide' according to USA! Of course it is a joke, however it allows their media to link 'genocide' with 'China' which is the goal.
The propaganda is laughable, although westerns read the headlines, and it works every time.
I have never heard of a genocide where population has doubled in 20 years, and poverty rates have been elimated!
All the 'reports' are from Adrian Zenz, the Christian missionary on a mission to take down communism! USA calls him an expert and academic researcher! He takes Chinese data, then changes the numbers, then publishes absurd claims.
It is funny to see the 5-Eyes (US, UK, Canada, Australia, NZ) all claiming genocide of muslims when those very 5 nations have been killing muslims for oil for 60 years across Iraq, Iran, Saudi Arabia, Syria, Yemen, Lybia.
While muslim nations, which are the first to stand up for mulim rights, say there is no genocide. It is obviously geo-political propaganda.
For the report splashed across all western news media that claims sterilization of Uigurs, Zenz took normal Chinese government data, multiplied numbers by a factor of 10 for the Xinjiang region, then claimed there was mass sterilization! But of course it was on every western new media immediately.
For the report of mosques getting destroyed, with a picture of a mosque with rubble outside...turns out the mosque was under repair.
For the report of detention camps all through Xinjiang...the satelite photos with buildings marked as 'holocaust style genocide camps'....90% have been identified so far ..... as regular schools, preschools, churches.
For the video of people getting on buses to go to work in other areas...Zenz and the media claimed they were slaves forced onto buses to work for nothing! That is how everyone goes to work in China, India, and most of Asia. Company buses also take Google employees to work in San Francisco!
There are worse labor conditions in Singapore, where migrants are rounded up from the poorest regions of poor countries, shuttled over to Singapore, provided horrible dorms, paid a fraction of living wage, and their passports are withheld. Yet western nations say nothing about that.
Not to mention the worlds largest involuntary servitude system using prison labor for free .... in the USA. The UN calls it modern day slavery, and 2.2 million in prisons, and more from immigration detention camps by immigration department (ICE). This involuntary servitude labor is used for labor to produce military gear and police gear...ironically.
KARMA! US hypocracy and propaganda is well know, and laughed about all around the world. Western media is known as just military propaganda. This is why real journalists, like Assange, Manning, Snowden, and others have USA senators openly calling for their assassination (again violation of international rights and rules).
KARMA! China knows this game, and consumers boycotted brands that follow US government propaganda! Good for them.
Australia's very weak passport
The Australian government has shown it abandons and undermines it's citizens, and the Australian passport is at the bottom of the pile for citizens.
The following examples show how Australia abandons citizens in all ways possible, undermines citizens health and welfare, and does it for kickbacks, and eventual war, for US pentagon and corporate interests.
It is clear that the Australian government undermines Australian citizens and works for the US state department.
**Australia bans entry and exit of citizens, but allows infected US military in**
Australia does not allow citizens entry back to Australia.
Australia does not allow citizens to leave the country, unless an application to government is authorized.
Don't believe it? This is the orwellian truth.
Yet, Australia lets in at any time Covid infected US military with no quarantine without question, and allows paying people from US entry.
Can't believe it? It is true.
So Australia allows US military over citizens.
The 'ban' on entry is purely geo-political for military purposes, and citizens are ignored. The 'ban' is also based on race, since India entry is barred, while the largest Covid hotspot in the world, USA, is allowed.
https://www.nytimes.com/2021/05/14/world/australia/covid-travel-ban.html
https://news.usni.org/2020/06/02/more-marines-arrive-in-australia-after-covid-19-screening-13th-meu-leads-mideast-ready-response-force
**The bogus measure of 'visa-free' travel as 'passport strength'**
There is a measure of passport strength that counts how many countries one can travel to visa free.
For example, https://www.passportindex.org/byRank.php
This is an absurd ranking, as nobody travels to 100s of countries, and nobody cares if you need to get a visa to travel.
The visa-free concept is also a fallacy. Australia, the most closely held ally of USA with the UK, counts USA as 'visa-free' travel.
But to travel to the USA, Australians need
an ESTA application done online before booking the trip (basically a visa not called a visa!)
payment or USD 14, which incurrs forign currency conversion fees and bad rates from the credit card, or around USD50 to USD100 if going through an agent (i.e. a visa fee!)
a paid return ticket
a pre-booked and declared place to stay in USA
a credit card for payment (bad luck if you don't use credit cards)
photographs and fingerprints on arrival, and sometimes DNA swab
This is considered visa-free travel for Australians!
**Australia abandons it's citizens abroad, violating basic human rights**
The UN defines on the most important human rights is that a citizen is free to return to their home country at any time.
Article 12 of the International Covenant on Civil and Political Rights (ICCPR), which is binding on Australia, provides that no one shall be arbitrarily deprived of the right to enter his own country.
Australia abandoned this, and blocked entry to Australian citizens due to the Covid pandemic.
Not only blocking and denying entry, then actually implementing 5 year prison terms for Autralian citizens if they return to their home country in the pandemic!
Meanwhile, the government fast tracked people payment large sums from US to enter Australia, even though
US was the epicenter of the pandemic
US the worst country worldwide for the virus
US brough the virus to Australia initially
US continues to being the virus to Ausralia, especially via the military, such as the recent cases in Darwin
This is the exact opposite of the human right and the purpose of a passport.
Australia is undermining citizens health and welfare, abandons them overseas, while introducing the virus from US, all for political reasons and kickbacks.
The Australian government is supposed to use their full power, embassies and military to bring Australians home during the pandemic to save them. What is the point holding a passport?
Australia explicitly abandons its citizens in the worst possible way, far more egregious than every other country, and seems to purposefully target their own citizens to die. A shocking denial of human rights and human concern...even for their own citizens.
**Australia abandons it's citizens from overseas political persecution**
Australian journalists that are politically persecuted are purposefully abandoned by their own government.
The most shocking and famous case is Julian Assange, multi award winning journalist providing the wikileaks portal, and helping to expose crimes against humanity. One the last remaining journalists that publishes truth, rather than what the government tells them to say.
For exposing corruption and crimes in the middle east, he was granted awards from the Economist, Amnesty International, Times Person of the Year - Reader's Choice, Sydney Peace Foundation, Global Exchange Human Rights Award, and many more.
Then, after publishing facts about US war crimes, and proving US war crimes, he has been called out for execution by US senators, and US has pursued him for political based persecurtion, torture and rendation to USA. Meanwhile the US has also sanctioned the ICC members, and introduced a law to invade the Netherlands if the ICC investigates already proven US war crimes!
Republican Rep. Peter King of New York called for Assange to be charged under the Espionage Act and seeks WikiLeaks to be designated a terrorist organization!
Tom Flanagan, a former aide to the Canadian prime minister, has called for Assange's assassination
Former Alaska governor Palin said he was an "anti-American operative with blood on his hands"
Mike Huckabee, Republican presidential candidate, said the person who leaked the information to Assange should be tried for treason and executed.
The charters of international human rights allow anyone to publish any fact.
The US Constitution also grants the right to publish any fact.
So what does Australia do to protect their Australian journalists persued for political crimes and calls for torture and assassination?
Australia gives him up, abandons their own citizen, abandons human rights.
The Austalia passport offers no protection, no help, not even any legal help, nor financial help, nor even any public defence in comments!
The obvious expectation is that Australia will defend human rights and citizens abroad with the full force of the military. Australia should have immediately sent the military to pickup Assange and bring him home.
**Australia abandons it's citizens from overseas extra-judicial attacks**
Australia will not even defend citizens within Australia from attack.
First of all, US courts and jurisdiction is not relevant in Australia.
However the Australian government lets US courts take over Australian jurisdiction and helps put Australians out of business.
UGG boot makers in Australia, where UGG boots originated, have been sued in the US for using a USA trademark UGG.
For example, US corporation Deckers sued an Australian UGG boot maker for USD 450,000 plus legal fees for selling 12 UGG boots which went to USA. US courts sued and won based on US trademark.
UGG is not a trademark in Australia, and has been using and selling UGG for generations before US even knew about UGG boots.
What is the Australian response for overseas jurisdiction for Australian businesses? You would expect the government to completely defend all Australian citizens and make this abuse mute.
The shocking reality, the Australian government rejected any backing or support of Australian citizens. They let the businesses get wiped out.
While US, European and Asian governments defend their citizens, protect their businesses, and never allow foreign jurisdiction over citizens in their own country, Australia does the opposite.
Australia is again abandoning and undermining it's citizens for US interests.
**Australia undermines health and welfare of its own citizens for political reasons**
Australia undermines the whole country, and every citizens health, for puruit of kickbacks and profits, and to pay USA corporate interests.
Australia persued monopoly deals for certain vaccines based on politics, rather than science, for profits. Australia sought only patent protected vaccines from the only two countries in the world that reject that medicines are a global common good and should be patent free, the USA and the UK. The USA also undermined the WHO, and defunded the WHO during the global pandemic, withheld ingredients to India via sanctions, and stole shipments bound to other countries using the 'defence production act'.
Against the advice of all medical professionals, health department, and advisors, the Australian government only allowed the monopoly import and purchasing of Pfizer corporation vaccines from USA, even through Pfizer is just a reseller of the German Biontech vaaccine technology. This is after Germany had to reject a hostile takeover attempt by US government backed Pfizer to control Biontech hold the patents.
The only other vaccine that was also 'emergency' approved was AstraZeneca from UK. The monopoly agreement entered into by the government, backfired as expected, when AstraZeneca was found to produce bloodcots, and Australia then had to suspend usage for everyone in the country under 50, halted the whole rollout, and left Australia with no vaccines until 2022.
The government has put all Australian's lives at risk due to politics and money.
In typical politics, Australia rejected the better and more available vaccines from China and Russia, which all had more thorough phase 3 trials, are made with well known methods, and already used around the world successfully. Yet the Australian government has politically blocked the ability and right for Australians to have a choice of vaccines. By pretending that any virus from Russia or China is evil, the government plays politics over the lives of Australians.
By contract, China has already vaccinated Australians in China, rolling out vaccines to foreigners. Australians in China paid $20 for Sinovac and are immunized. China also allows people to get the Biontech (Pfizer) vaccine, simply by purchasing it.
By contract, countries with non-political pragmatic leadership, such as Chile, UAE and others, have accepted and successfully provide vaccination rollout sing Russia's Sputnik and China's Sinovac and Caronvac.
One again, Australia has played politics to undermine it's own citizens health.
**Australia has undermined the entire economy and all Australias on trade**
The Australian government is supposed to represent and get trade deals for Australians and Australian businesses.
Australian foreign affairs had the most simple job in history: continue promote Australian business to continue the trade with China, continue the peace and continue the increasing of wealth to Australians. It is so easy since China is already the largest trading partner, most peaceful trading partner, and is desperate for more goods and services from Australia.
But the Australian government does the opposite. As the lapdog of US military corporations, Australia chose to side with fake US state department propoganda to destroy the peaceful and successful trade with China.
The Australian government undermined all Australians for US corporate kickbacks
by blocking Chinese companies Huawei and ZTE based on fake US propaganda, undermining internet and communications in Australia, forcing teh higher cost US corporation equipment
blocking Chinese investment in infrastructure
promoting US state department propaganda that the virus was man made in a Wuhan lab (in a US defence department report that was debunked immediately after it came out)
promoting US state department propaganda of slavery, genocide, and sterilization in Xinjiang to forment unrest, based on all debunked reports by Adrian Zenz, Bitter Winter, and Rushan Abbas
promoting US state department propaganda about Hong Kong and Taiwan to provoke war
promoting anti-China fever to promote and prepare for war
The result is Australia, to acquiesce to pentagon war plans, undermined all Australians and Australian businesses to block trade with our largest and most peaceful trading partner in China.
Instead of weath, trade, and peace, the Australian government has unilaterally, without the vote of the people, purposefully undermined Australia for US pentagon planning.
The government will happily follow the path of war, round up Australian kids once again, and send them off to die fighting communism, a repeat of history only 60 years before. Australia will once again be on the side of war crimes and crimes against humanity rather than trade, peace and prosperity, for no reason other than politicians selling out their own citizens.
Bitcoin Cash, Litecoin, and Monero
For anyone who travels, or converts currencies, cryptocurrencies are the logical replacement of all other methods of funds, from gold, to various bank deposits or national cash.
A global, free to use, decentralized currency that is completely secure is a no brainer to replace all other systems. The fees to exchange cash (usually via exchange rate spread, or otherwise large fixed fees) are too great to be logical to use. The use of systems like credit cards have far too much fraud, far too high costs, and tiny worldwide acceptance (especially with small merchants).
**Which Cryptocurrency?? There are thousands!**
But rather than cryptocurrencies in general, we still need to be careful about the specifics and each and which ones are honest. The unfortunate situation has been that the founder and inventor, Satashi Nakamoto, is no longer guiding the development. Cryptocurrencies, including Bitcoin, are awash with non experts in this completely new area.
As a guiding rule, per the first principals of Satoshi, a cryptocurrency should:
Have a significant market cap so the price can't be easily manipulated. So we should only consider the top few by total market cap.
Be open source and free of any company or patents. This filters out coins like XRP.
Be mined by proof of work and distributed over time at a decreasing rate. This ensures honesty and fairness of issuance. E.g. The top 6 by market cap (BTC, ETH, BNB, USDT, XRP, ADA) filtered by proof of work (PoW) are BTC, ETH, DOGE, LTC, BCH, XMR.
Primarily requires a global and powerful concensus system that cannot be attacked by brute force. This is a little harder to compare between coins. Established coins are better, and BTC, ETH, LTC, BCH and XMR are considered global and powerful.
Be extremely simple to be be secure (simplicity is proportional to security), and sending payments must be completely **peer to peer** (on chain, no intermediatory or bank) so any two people in the world can transact between their phones with just a simple internet connection.. BTC has now too high fees and moving towards layer 2 (off-chain) payments. ETH does not follow Satoshi's guiding principal of simplicity, and goes against Satoshi's recommendation of being Turing complete (this caused the ETH bugs and fork into ETH+ETC).
So we are left with the best coins to hold and use:
BTC (Bitcoin Cash)
LTC (Litecoin)
XMR (Monero)
Hint: visit coinmarketcap.com, and filter by 'PoW' (proof of work) and 'Minable'. https://coinmarketcap.com/
**Are they good currencies?**
BTC/LTC/XMR beats fiat, and even gold backed fiat, in the fundamental properties of what defines a currency:
**scarcity**: Has far better scarcity properties than fiat or gold. Scarcity is network controlled, public, and open. Note again that a very powerful and decentralized proof of work is required for this, hence stick to BTC/LTC/XMR. By contrast, fiat currencies do not have scarcity (solely based on opaque central bank decisions). Gold has better scarcity properties, but not great, since gold rushes, new deposits, or even manufacturing gold in labs can break down this scarcity. Gold also encouraged wars and colonialism to secure deposits.
**trusted**: It is safe to say there is mistrust in banks and central banks. IN fact, this is the primary reason for the persuit of Bitcoin per Satoshi, even labelling so in the first block. National currencies are based on whims of secret central banks with no oversight or transparency. By contract, BTC/LTC/XMR are controller by the network, no humans are involved, no secrets are involved, it is all open source and public.
**easily stored**: BTC/LTC/XMR are trivial to store securely and requires no third parties. By contrast, national currencies require thirdparties and governments to store, and storage is not controlled by the owner. Keeping cash in homes is not secure due to robbery.
**easily exchanged**: BTC/LTC/XMR much trial to exchange completely **peer to peer** (no intermediatory or bank) on a phone with internet. This is easier than cash, since exact amounts can be transacted at any time, and any amounts can be help. National currencies are not compatbile between nations at all. Each country has payments systems that are incompatible, and using systems like paypal and credit cards require conversions that are too high cost.
**easily divisible**: BTC/LTC/XMR divisible to any size at any time, obviously far easier than cash. Online banking or credit cards can do this, however are not available to most of the world, and due to costs often are not accepted or have minimum transaction limits.
**One World**
If we believe in a future of easy trade and travel for all people, not just the rich, it is a no brainer to completely switch to BTC/LTC/XMR.
Now that phones and internet are mostly universally accessible, this vision is already here.
In this vision, a nomad can buy a 50c kebab on a roadside in nepal, then that can use 15c to pickup some new chicken from an indian farm across the border. This is currently impossible, as the nomad could not change USD 50c into 60 NPR (too low, too high fees), and the merchant could not change their 60 NPR into 40 INR (too, low, too high fees). The current system has frozen out trade and travel due to costs.
The frictionless movement of money for travel and trade alone would revolutionalize world prosperity. The current systems deadlock travel and travel, undermines locals, keeps people in poverty, and undermines economic growth especially targetting the lower income. The only winners are loan sharks and money transmitters. This whole unnecessary system of sharks and middlepersons would be eliminated, returning that money to the people.
Why support Taiwan??
Western powers implicity support Taiwan vs China. Western populations believe they need to defend Taiwan, because they are told so by their governments.
Why? That is a terrible idea. Lets take some time to review facts, not propaganda.
Defending Taiwan in a war with China makes no sense, and the belief that is it the 'right thing to do' (aka democracy vs communism) is illogical propaganda.
It is clearly based on propaganda when:
people believe fabrications as fact
people are willing to sacrifice their own well-being, livelihoods, and to die for something their government tells them to do, even through it goes against all reason and logic
**Reminder - the Vietnam 'war'**
This is a repeat of the Vietnam war, all based on propaganda, with the allied nations committing mass war crimes and genocide for no reason.
The mass genocide and killings of millions of Vietnamese in their homes and villages at the hands of US, UK, Canda and Australia, was all for nothing and based completely on propaganda.
The justification for the Vietnam war:
Vietnam is communist government, and we cannot accept that (what? why?!)
The US secretly sunk their own ship and blamed 'communist Vietnam', hence war (and the populations believed it!)
The US dropped millions of bombs on villages, killed millions of civilians, tried to burn every living human, tree and plant with napalm, tried to kill every living thing with the most gross chemical weapons of 'agent orange', and then the more deadly and toxic 'agent blue' that still kills people today and remains in the soil and rivers today. It is the most gross genocide and set of war crimes, all for nothing, except to make weapons producers money.
Of course, the 'allies' were driven out eventually, mostly due to being bankrupted (hence causing the default on their debt, and triggering the 'gold shock' - not paying any debts and delinking gold as currency). But only after killings millions of people for no reason (but a lot of weapons companies got rich).
Communist Vietnam went about recovering their country. In the US, UK, Canada, Australia, nobody was ever charged with genocide or war crimes.
Of course, communist Vietnam is a well run country, a peaceful and properous place. Communism is good, and, of course, any country can be run any system they want.
The allied 'veterans' of Vietnam, an entire generation of men who were forcefully rounded up in mandatory drafts and sent over to kill people, were immediately ignored by the governments, and left to fend for themselves once they returned. Most had sever mental illness, PTSD, horrific injuries, and ended up homeless.
**What is Taiwan?**
Taiwan is the refuge of the KMT, brutal rulers, who controlled all the land in China, and brutally kept hundreds of millions of people as a slave peasant underclass for their use. All the land was owned by the tiny majority of the KMT political elite. Not only keeping hundreds of millions in essentially slavery, they regularly massacred the peasants, such as the Nanjing massacre, and Shanghai massacre.
Of course, the USA supplied the KMT with weapons to maintain this system, and the weapons used to massacre the Chinese peasants.
In a just world, USA would be tried for funding and arming brutal dictators, and the KMT would by tried for genocide and crimes against humanity.
In one of the most inspiring and courageous uprisings in history, and against all odds, the peasants, just by sheer numbers and a belief of freedom, with no money, many with not even shoes, and with some old guns, managed to overthrow the ruling class and return land, and the country, to the majority. This represents one of the greatest moments of freedom in human history. The peasants took a massive toll in lives to accomplish this.
Subsequently, they formed a communist government, and eventually worked out policies and governance to produce the most impressive 'golden age' in all of human history. They created wealth across the entire peasant class, pulled the entire peasant class of a billion people out of poverty, and produced the greatest leap in wealth across middle class in all of human history. This was done by the peasants with no education.
And this golden age was realized without colonialism, which is what western powers for hundreds of years have relied on for wealth. The so called 'democracies' invaded, massacred, and controlled other countries for wealth. In opposite fashion, the Chinese communist system did all this without any colonialism, just based on pure honest hard work, peace, and trade.
The KMT should have been eliminated, however they escaped to Taiwan, and the US protected them (i.e. sold them weapons).
So why are the western powers calling for 'regime change' in China, and that communism must be overthrown? It makes no sense. It the greatest and most peaceful rise in all of human history, also providing wealth and prosperity all across the globe, and supporting all the economies of the western powers with peaceful trade. It is generated wealth for all people across US, UK, Canada, and Australia as well.
So there is obviously no reason for war. But western powers and Taiwan seek war. War is driven by governments who are funded by the military armaments companies. So the goal is war with China.
None of these countries, Taiwan, US, UK, Canada, Australia, care about their civilians who will be drafted up to die for their war. Civilians to theese governments are just the equivalent of what the Chinese peasants were, people that can be used to fight wars, die for them, and make money for them. And the poor kids drafted up and sent to die are told by their governments they are heroes! (and they sadly believe it)
**Taiwan goal of war should not be supported**
The most logical way forward is for Taiwan to peacefully accept defeat, and reunify with China. So why is the Taiwanese leader purposely following the path to war?
Reunification would benefit all Taiwanese people. Taiwan's largest trading partner is China, and China is sitting 100km away. Reunification would benefit the people in western countries as well, as it has been for 50 years by peace and trade will prevail.
So why is the government of Taiwan, and the governments of western powers (US, UK, Canada, Australia), calling for war rather than reunification when it does not benefit their people? War would wipe out Taiwan, kill millions of Taiwanese, and cause huge deaths in the western kids drafted up to go fight.
We have the same conditions of propaganda:
governments have told everyone that communism is evil and must be eliminated (even though that makes no sense, but populations believe it yet again!)
US needs war and weapons sales, to drive up the military industrial complex that funds the governments of western powers and Taiwan
So we have the same situation as Vietnam: 'democractic' governments are promoting war that is illogical and will undermine the properity of their own people for the benefit of corporations.
**Conclusion**
Communism is a successful and peaceful model in China and Vietnam
The western democracies demanded and got war against Vietnam, and now the same for China because they are 'communist'
War will be waged by the governments, against the will of the people, will undermine the lives of the people, and will draft up kids across the western powers to die for the war, just like Vietnam
In democracies, the people have no say on war, there is no vote, the governments will start the war via false flag operations or by dictate, and in secret
Western powers are essentially colonial in nature, and wealth is derived colonially (control of oil across iraq, afghan, syria, libya are just the recent ones).
Propaganda from the military funded governments can easily convince the population to join wars based on fabrications and false flags, even though the populations themselves don't realize they are being used and will suffer
Democracy Fail
Plato and Aristotle, still the corner stone of philosophical education, primarily philosophized about how democracy failed in ancient Rome, and how it is doomed to fail.
Based on an objective look at current democracies, they were clearly right. Why do we keep looking up to democracy? It is one of the ironic failings, populations look up to their democracies because they are taught, and told to.
The US rose to become a world power not because of democracy. They became a superpower from 1800 - 1900 because of zero taxes, gold standard, and not engaging in invasions. But for the past 50 years, the US now has shocking outcomes in homelessness, crime, health (a declining life expectancy), the largest mass private involuntary work-based incarceration system in the world, and median wage and wealth declining. Starting with the Vietnam war (which sent the bankrupt, defaulted, and hence ended the gold standard), they also have the highest taxes in the world, and continued invasions that is milking the population for all they have.
Is is easy to discount democracy for the rise society with the counter example, since China is the new superpower. China has the fastest, peaceful, economic and social rise in all of human history, with no democracy. The rise is due to good governance, peace, no invasions, low crime, and building infrastructure and trade.
Democracy is an absurd system if you think about it. The masses of general population get to vote for random people telling them promises that are opposite of reality on things neither the voters nor the candidate know anything about. I don't know anyone in democracy who is happy with their politicians, or what they are voting on, and what they have no say on. The quality of leaders and their education is absurd.
As predicted in 500BC, the system pushes misinformation and acts in the opposite interests of the population once in power.
As in all current democracies, across US, UK, Europe, Brazil, India, Australia, Canada, the national outcomes are worse or no better than socialist or communist run countries.
Communist China and Vietnam have better economic and social outcomes than democracies. They are run by a hierarchy based on past performance and promotions, not a random populist voted in by masses manipulated by media.
In democracies:
Politicians are funded and bought out before they start campaigning. They campaign on things people want to hear, then go about working for their beneficiaries at the expense of the population. Most politicians you can see end up on 'boards' of companies or 'advisors' as soon as they leave office based on the contracts that awarded.
The population is easily misinformed by mass propaganda. It is trivial in democracies to start invasions of entire countries, cause mass crimes against humanity. The democracies are colonialists and the populations believe they are doing the right thing:
Vietnam: forcefully draft kids across multiple countries to try to kill every living human and plant with millions of bombs, napalm, agent orange, agent blue, and just shooting whole villages...because the population was told communism is bad... and they were told the Vietnamese sunk a US boat when it was actually a false flag done by CIA.
(the democracies were beaten by a peasant army after killing millions, and communist Vietnam is a great country and system)
China 1: invasion of china during Korean war: multiple countries let by US attempted to invade china without even telling the public.
(the democracies were beaten by a peasant army, pushed all the way back, lost Seoul, then had to double down to retake Seoul and finish in a stalemate)
Iraq 1: big testimony in US congress with president hearing how Iraqi's were 'stealing' babies in Kuwait to justify the invasion. The population does not vote, the story is a hoax perpetrated from the president and all of senate and congress...the testimony was faked and given by the ambassadors daughter!
(the democracies took Kuwaiti oil, now controlled by US military and all trade and money is handled at the NY Fed)
Iraq 2: completely faked 'weapons' report from pentagon, state department, and secretary of defense. The population does not vote. Estimated 1 millions innocent Iraqi's killed, too many war crimes to count (including on tape), using depleted uranium purposely to cause cancer is cities for hundreds of years
(the democracies control Iraqi oil, now controlled by US military and all trade and money is handled at the NY Fed)
Libya: overthrow of government based on propaganda, no known reason, no vote by the population. Most likely as Gadhafi planned to no longer use USD for oil.
(the democracies control Libya oil, now controlled by US military and all trade and money is handled at the NY Fed)
Syria: faked war crimes reports and propaganda about fighting ISIS to control the oil producing regions
(the democracies control Libya oil, now controlled by US military and all trade and money is handled at the NY Fed)
Democracies have the worst human rights records in the world by far, with the gang of US/UK/Canada/Australia/New Zealand causing invasions and killings on unprecedented scale, estimated at 50 million dead since Vietnam war for control of resources
US declared any child or woman hit by a US bomb is an 'enemy combatent' because they were 'in the vacinity of a US terrorism operation', brought in by Obama to report no civilian causalities from war on terror to the general population
US CIA global kidnapping, rendition, and torture programs
US prisons off limits to all rights agencies, even senators can't visit, and courts consistently rule them unconstitutional based on being 'cruel and unusual punishment', but all rulings by even supreme court are just ignored
US guilty of genocide of it's own population for handling of caronavirus, killing 550,000 people for no reason, ignoring doing anything including most basic pandemic measures like quarantine, testing, mask wearing, and contact tracing. Also willfully spreading the pandemic all around the world.
Democracies have the highest propaganda budgets and most mass surveillance. The pentagon/CIA is by far the largest, churning out absurd fabrications and reports to misinform the voting populations
absurd faked baby snatching testimony (based on ambassador's daughter story dictated by CIA)
absurd faked weapons reports (colin powell and UN 'evidence')
absurd faked ISIS and terrorism reports (all reports are unsubstantiated)
absurd and faked report that caronavirus is man made in chinese lab (the whole report was based on determination that less cars in the carpark one day meant there was a major catastrophe and breach at the lab.... debunked in 1 hour since it was actually just the chinese holiday)
absurd and faked xinjiang genocide reports to prepare the population for war on China, all from Adrian Zenz (CIA), and Rushan Abbas (CIA), who just makes up numbers, multiples some number by 10 (like the 'sterilization report' farce), then the debunked reports are spread across all western media knowing people won't look into sources
Darpa and US defense mass manipulate media, news, and social media
"Australian Strategic Policy Institute" funded by defense companies
"Radio Free Asia" funded by US defense companies
US undermining cryptography standards for back doors
Democracies crush journalists and dissent
covering up and wiping media clean of war crimes
Australian federal police raids on journalists that exposed Australian war crimes
life prison and torture for leaking war crimes and treason of politicians (Manning, Snowden, Assange)
the only journalists left are those that sit in front of a government briefing room, write down what the government says, and then go back to report on it
Democracies run the largest mass surveillance systems
5-eyes surveillance covers every phone call, every internet connection and message
all equipment is mandated to have government back doors
FedEx intercepts shipments of computers to NSA to install low level back doors
prison for people in Australia if a company can't decrypt anything requested by the government
prison for people in the US if they go against, or even tell if they received, a national security order issues by secret courts with secret evidence in a government rubber stamped order
India, a democracy, has the most internet blocks all countries by far by politicians to control population narrative
India, the worlds largest democracy, has some of the most shocking human rights abuses on the planet
cast system for slavery
rape is normal, and encouraged by military and police against lower casts
regular crimes against humanity where muslims and hindus kill each other en masse with machetes
US runs the largest mass incarceration system known ever, larger than Stalin and Mao combined, which is used to round up masses of people and make them work in private prisons and factories for nothing (called 'involuntary servitude' by the US...at the UN it is called 'modern day slavery')
Democracies have contempt for their own people
highest tax rates in the world are in democracies, with the least services
highest corruption in the world are in democracies when measured by tax rates vs public services
US has highest tax rates in the world without even providing based health care or housing
Democratic governments run government controlled state monopolies in larger scale than socialist or communist nations
US entire health care from drugs to hospitals to insurance are government controlled monopolies putting health out of reach
Australia has one of the worst internet services in the world, worse that third-world countries, due to government controlled monopolies
Democracies have some of the highest water rates and electricity in teh world due to government controlled monopolies
Rebuttal of Willem H Buiter
The following article appeared in CNA:
https://www.channelnewsasia.com/news/commentary/bitcoin-digital-currency-invest-asset-stock-bubble-risk-value-14523736
"Commentary: Don’t trust the hype – Bitcoin will never be a wise investment"
"The sooner Bitcoin and other DLT-based cryptocurrencies are relegated to a footnote in economic history, the better, says Willem H Buiter."
First, it is unclear how buying Bitcoin can mitigate company risk.
It is quite clear. On the contrary, there is significant risk not diversifying into select cryptocurrencies.
There is a high risk holding USD cash or bonds due to monetization.
Holding cash depreciates at around 8% normally, simply due to monetary expansion.
Bonds return 0%, effectively the same as holding cash.
Money expansion is unknown and opaque, and high risk.
Devaluations will occur quickly, and must be done without warning or in secret to hide it from the general public.
Recently there is unprecedented monetary expansion, largest deficit since WWII at 16% of GDP, and it not financed by international or domestic bond purchases. Previously much of US debt was financed (lent) by Japan, China, other countries, and US funds like pensions buying bonds. However this is not the case anymore, it is completely monetized by the Fed, with 3 trillion created over 9 months.
This is so large, unprecedented, with such unknown the effects, that China is bracing for the effects of the money expansion.
There is also a high risk of coming wars over US losing supremacy to China, which will cause far larger devaluations of currencies as military war funding takes precedence and will come from money expansion. US will likely need to engage in middle east wars as China asserts control, and US will likely engage in proxy wars with China over Taiwan, Spratly, and Senkuku islands.
There is a high risk without Diversification
While it was typical to diversify cash or bonds in multiple countries, such as EURO, YEN, USD, these are all the same systems with the same systemic risks.
Property is not liquid, while cryptocurrencies allow diversification while keeping full security and liquidity of funds.
There is high risk going forward of difficultly or inability to move funds between countries. Countries are closing off and tightening capital controls for geopolitical and domestic economic reasons. Cryptocurrency reduces this risk, providing fully secure transactions internationally without intermediaries for negligible cost.
Those who have researched bitcoin and invested a portion of cash into bitcoin over the last 10 years don't need to be told by someone less clear on the technology about the 'risk'
But that hardly makes it a wise investment, especially when one weighs the potential returns against the high risk of material capital losses.
It seems the opposite is true. There is high risk of large lesses in cash and bonds currently, low risk in cryptocurrencies like bitcoin. There is potential for large gains in cryptocurrencies like bitcoin.
The author seems to pin his arguments on the belief that bitcoin is a bubble that will pop, without showing an understanding of crpytocurrency, nor providing any analysis of why.
Equally far-fetched is the idea that cryptocurrencies could provide solutions to problems often encountered in emerging economies.
over-issuance of currency is just one possible threat to emerging-market financial stability, and removing it does not suddenly make Bitcoin a reliable store of value.
Bitcoin protects against over-issuance of currency, and over-issuance of currency is by far the single most important thread to financial stability. This is primarily what gives Bitcoin value and makes it a reliable store of value.
All current currencies have no value, and are just bits in a computer. The control of issuance is precisely the only thing that gives modern fiat currencies a value.
Rather than being 'far-fetched' idea, it is the primary idea, and the primary solution to economies that suffer due to poor fiscal policy.
The issuance issue alone does indeed suddenly make Bitcoin a reliable store of value.
The author says over-issuance is just one possible threat, but does not state the other 'possible threats'.
Other threats, such as taking your money by force, exist, but again, Bitcoin provides a far safer haven than cash or bank accounts in this case too. For example, in Greece, money was just deducted from savings accounts when the government needed more.
Bitcoin’s price volatility since its inception in 2009 has been staggering.
Of course, it started out with a couple of people and no value. Stability will continue to be related to the market cap, since large buyers can move any asset with a small enough market cap. That is no reason to dismiss the technology.
He doesn't seem to mention that since 2009, it has risen from a few cents a bitcoin to over $50,000 based on fundamentals and market forces alone.
On March 29, 2021, its price reached US$57,856 – some distance below its all-time high of $61,284 on March 13
This is a poor attempt as showing instability and price volatility. It shows a 5.6% decline from an all time high over 16 days. This is normal for a market cap of it's size, where large buyers and sellers can move the market.
Volatility will remain, and will continue to reduce as market cap goes up.
a recent study finds that Bitcoin’s price volatility is almost ten times higher than that of major fiat currencies (such as the US dollar against the euro and the yen).
Of course, but that sounds quite good, since bitcoin market cap is far less than 10 times the monetary based of USD and YEN.
The author picking the two largest currency bases on earth to compare with the market cap of bitcoin is disingenuous and misleading.
Bitcoin transactions are notoriously inefficient... only seven transactions can be completed per second.... Bitcoin is simply too inefficient ever to become an effective medium of payment.
Maybe he is unaware that bitcoin is already, and has always been, and effective medium of payment. It is used worldwide for payments.
While bitcoin has become a store of value, other cryptocurrencies like bitcoin cash, litecoin, dogecoin, and monero are used for micropayments.
So the efficiency is irrelevant, cryptocurrencies are already used for remittances, payments, and micropayments. They are already a more secure and effective medium of payment that any other payment type. Combined, that all scale far above visa.
The author does not note that Visa is not an effective method of payment
is only available to a small portion of the world
is only available to a small portion of shops of the world
is high cost, adding fixed fee and percentage fee on all transactions
is not available to the vast majority of the world. it only takes a trip around the world to see how absurd the idea of using credit cards around the world is
due to lack of security, $35 billion in credit card fraud was reported in 2020
7% of of all credit card transactions are fraud in 2020
in the US, there were 165 million records of personal data breached in 2019, due to the credit card system requiring card and identity data (out of a population of 330 million)
most common method of identity theft and crime is credit card
Cryptocurrency has none of the above problems. Any person in the world with a cheap mobile phone can fully participate in a completely secure and trusted monetary system with no identity, no accounts, and no signup.
This opens up cheap, worldwide payments to billions of people.
A proper currency should be able to undergo a massive expansion in supply when circumstances demand it
Where does the author get these ideas?
What is a 'proper' currency?
Why 'should' a currency undergo massive expansion for circumstances, typically things like a new military invasion for resource control?
A property of currency is supposed to be secure in its limited supply, which national currencies no longer keep to, and bitcoin does.
Gold is considered a 'proper' currency, used by the world for thousands of years up to 1971. It cannot magically undergo a massive expansion in supply whenever it is demanded.
Nothing is changing with regards to national currencies, they remain, and they will expand per the wills of those in power, nothing changes. Bitcoin is available to those who want to use it, nothing more.
Bitcoin and similar cryptocurrencies are extremely unattractive as stores of value.
Bitcoin has proven to be an extremely attractive store of value, and has proven to operate as such for 12 years since inception. It is a remarkable technological advance and success that it has done this, the only current method providing secure store of value on the internet.
What does the author 'research' to make this statement?
Bitcoin’s extremely high energy demand is another nail in its coffin
Bitcoin's high energy demand is it's success. The energy use provides the security.
Things that use electricity are not the problem. If it were, electric cars and appliances should be the first to go.
Electricity use is a good measure of societies advancement, and the challenge is to produce clean electricity, not remove the use.
Using electricity to secure global transactions is a very honorable and good use electricity to advance humanity.
If the author is worried about the environment
he should be promoting bitcoin as an alternative to banks.
Banks are estimated use 3x more carbon that cryptocurrencies (ref) http://climatestate.com/2018/01/15/energy-consumption-bitcoin-vs-banking-system/
ensure electricity production is clean, so society can keep using electricity
Bitcoin farms primarily use hydro power due to being the cheapest in cost.
*Willem H Buiter is Visiting Professor of International and Public Affairs at Columbia University.*
It is typical for people who become rich or get titles to start thinking they are an expert in unrelated fields of their expertise.
It is surprisingly un-researched text coming from a 'researcher'.
Maybe it is 'sponsored' research from vested interests looking to make attacks on bitcoin?
The author made another article a month ago on 'Bitcoin, the 12-year-old bubble' ! https://www.channelnewsasia.com/news/commentary/bitcoin-tesla-elon-musk-cryptocurrency-stock-market-invest-price-14207768