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PDF copy of the World Economic report at link.
1 posted on 08/13/2016 11:59:18 AM PDT by amorphous
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To: amorphous

Excellent! Thanks for posting.


2 posted on 08/13/2016 3:14:00 PM PDT by MV=PY (The Magic Question: Who's paying for it?)
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To: amorphous
My understanding of block chains from what I've learned about bitcoins says that they would have no effect on simplifying transfers, making regulation easier, limiting fraud, etc.

When we were sold bank deregulation in the 80's we were told it was about encouraging entrepreneurial opportunities in business and allowing companies to sell varying financial products to their customers.

However, the real plan was to allow banks to take the pool of money they got from loans and fractional reserve requirements and investing/gambling it with hopes of higher returns.

This block chain nonsense is probably just a smokescreen for some other nefarious reasons for changing the banking system.

Block chains make no sense. They are based on solving some math problem that has no connection to the marketplace. Anyone who is in favor of free markets should be strongly opposed to anything based on solving disconnected math problems.

Isn't the whole purpose of a free market so that prices can be set according to what people want? How does a block chain know what people want? How does it factor in inflation or deflation? It can't.

Something evil is afoot and anyone supporting block chains as some sort of improvement over the Federal Reserve system or some libertarian alternative to fiat currency is being taken for a fool and taken for a ride.

3 posted on 08/13/2016 5:38:32 PM PDT by who_would_fardels_bear
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