Theme:
The Fog and Friction of War
Stories:
- Coronavirus Update
- Stampeding Vaccines: Mandate in China
- Locusts Come to China
- The Chinese Banks & the Impact of Quarantine on the Chinese Financial System & Economy
- China Rx Starts to Dawn
- Dr. Farrell on Chinese currency woes and space insecurity
- Hong Kong Woes
- Calpers investing in Chinese Companies
- Global Slowdown: Baltic Index, HSBC Cuts 35,000 Jobs; the war on farmers and fossil fuel
- Munich Security Conference: Lavrov, Role of Space, Europe vs. U.S.
- George Friedman Explains the Shift to Space
- Update on State of Our Currency: The digital infastructure & the Climate Change Op
- Julius Baer launches a digital assets trading and custodial service via a partnership with regulated crypto-specialist Seba
- Is Biowarfare a Way to Kill Cash?
- "The Horrible Housing Blunder: The Economist Gets It Wrong": Homeownership is not the problem
- Johnson's New Post-Brexit Cabinet
- EU – First Budget Post Brexit
- Oxford Don Offers to Turn Off the Heat
- Netanyahu Goes to Trial—but first he tweets about running the world and rewriting the US legal system
- Bloomberg gaffe on farmers
- Ah Ha on Entrainment & Phone Purchases from Subscriber
- US Secretary of Treasury: Significant cryptocurrency regulations on the Way; IRS invites Cryptocurrency firms for a summit
Interview:
Your Mortgage: Avoiding Servicing Risks with Marie McDonnell
Take Action: Living History
Hero: Peter Roger Breggin
Let's Go to the Movies: The Biggest Little Farm
Blast from the Past: The Housing and Economic Recovery Act of 2008
Agreed, the coronavirus is certainly a convenient opportunity to kill cash. Since this would involve going entirely to contactless, digital payment systems, does this mean illicit drugs are going to become legal? Not sure how else the proceeds from them would work their way back into the banks.
Right now they work their way back into the banks with no problem – My impression is that was one of the reasons they used government accounts to do it. They had set up the money laundering rules on the mortgage flows so that companies that were publicly traded and government accounts did not have to file CTRs – my guess is that some of the publicly traded companies were operating under the DOJ-CIA MOU as contractors to one of the agencies – just a guess.
If so, what is your opinion of marijuana being used to initially create the legal and retail framework?
Not sure I understand what you mean.
Legalizing marijuana means it is easier to use the cash flows to fund state and local government overtly – you also have more ways of clearing people off the land without marijuana drug busts – those were significant numbers for the last 20 years.
Clearly the marijuana drug busts were significant for building the control train tracks and private prison industry. Along with crack cocaine, meth, etc. Where I live my understanding is that illegal marijuana is the primary source of pain management for people with no health insurance.
I am a libertarian by nature – the less laws the better. I have seen the marijuana plant and its products used well for numerous purposes and some designed to do much harm to others. My impression it is like any other powerful substance. It requires good education and a healthy culture to use it for maximum benefits.
Like many other things.
Certainly the potential benefits of marijuana / CBD are hard to ignore. I should have been more specific:
Assuming that illicit drugs are purchased in cash, moving to digital currency would make transactions have a digital trail. To keep the game going, wouldn’t it be necessary to legalize narcotics? The retail and legal framework has been tested with marijuana.
Agreed, the coronavirus is certainly a convenient opportunity to kill cash. Since this would involve going entirely to contactless, digital payment systems, does this mean illicit drugs are going to become legal? Not sure how else the proceeds from them would work their way back into the banks.
Right now they work their way back into the banks with no problem – My impression is that was one of the reasons they used government accounts to do it. They had set up the money laundering rules on the mortgage flows so that companies that were publicly traded and government accounts did not have to file CTRs – my guess is that some of the publicly traded companies were operating under the DOJ-CIA MOU as contractors to one of the agencies – just a guess.
If so, what is your opinion of marijuana being used to initially create the legal and retail framework?
Not sure I understand what you mean.
Legalizing marijuana means it is easier to use the cash flows to fund state and local government overtly – you also have more ways of clearing people off the land without marijuana drug busts – those were significant numbers for the last 20 years.
Clearly the marijuana drug busts were significant for building the control train tracks and private prison industry. Along with crack cocaine, meth, etc. Where I live my understanding is that illegal marijuana is the primary source of pain management for people with no health insurance.
I am a libertarian by nature – the less laws the better. I have seen the marijuana plant and its products used well for numerous purposes and some designed to do much harm to others. My impression it is like any other powerful substance. It requires good education and a healthy culture to use it for maximum benefits.
Like many other things.
Certainly the potential benefits of marijuana / CBD are hard to ignore. I should have been more specific:
Assuming that illicit drugs are purchased in cash, moving to digital currency would make transactions have a digital trail. To keep the game going, wouldn’t it be necessary to legalize narcotics? The retail and legal framework has been tested with marijuana.