Where "The Left" is going wrong.

[DoctorTwo]

In fact, where everybody is wrong is that we shouldn't seek to redistribute wealth. What we should be doing is redistributing risk. sort of. Global GDP is about $50Tn, and the total derivative market is approx $700Tn, much of it underwritten by taxpayers. Surely derivatives, financial bets, call them what you will, should be paid for by those who make them, not us?

Even the student loans they're going to privatise for profit will be underwritten by us, so any defaults will be paid by the taxpayer. This is not capitalism as we had it till the neoliberals came along. Until then financial institutions were allowed to go bust, but now they're kept alive with a combination of bailouts and quantitative easing.

The rules need to be changed back so we have the power back.

You can't do better than to listen to the Delphic utterances of Condor in the book about the BCCI scam

"They even have their own Deep Throat, a "highly placed American intelligence source" they call Condor, whose credibility was apparently so great that if he confirmed something, Time published it as "fact, without attribution."

Condor's utterances are often Delphic: " You just want to look around. Not everything is as it appears "

www.nytimes.com/1993/05/02/books/the-worst-of-all-possible-banks.html?pagewanted=all&src=pm

That's what the conspiracy theorists have been saying for years and Homer Simpson probably said it too. The polar bear on the screen is not all it seems.

Forget the left-right paradigm, isn't about time
To open your eyes and see through the lies?
Get with the game, the world will never look the same

A lot of theorists thought that the recent financial crash may have been the start of the New World Order.

Gordon Brown talked about a New World Order

"Mr Brown said. "I think a new world order is emerging with the foundation of a new progressive era of international co-operation,"

www.telegraph.co.uk/finance/g20-summit/5097195/G20-summit-Gordon-Brown-announces-new-world-order.html

It seems it will be progressive. It hasn't shown its true face yet, maybe this was only its birth.

"Brown wants a 'new world order'

Chancellor Gordon Brown has spoken of the need for a "new world order" to deal with future security and environmental challenges."

news.bbc.co.uk/1/hi/uk_politics/6277747.stm

There's the good old global warming again.

Some people want it, some say it will be progressive, maybe it will be with biometric ID cards and DNA databases.

But, we don't really know what will happen. Maybe UKIP will thwart the plan?

Two stories which could be related...

Chinese search engine starts trading Bitcoin.

World's 3rd largest Bitcoin exchange suffers DDOS attack.

The first story is interesting. That a major Chinese corporation is using Bitcoin means it must have approval from the government. The DDoS attack had to be sponsored by a massive organisation with deep pockets due to the type and scale of attack. 100Gbps of bandwidth isn't cheap.

Maybe it was the same people who could afford to drop 2 million ounces of gold futures at one go.

"The enduring mystery at the heart of the BCCI affair," the authors write, was why the bank got away with it for so many years. They assert that as early as 1979, United States intelligence knew about B.C.C.I.'s criminal involvement with terrorists and drug dealers -- but Washington did nothing until compelled by unrelenting pressure from Robert M. Morgenthau, the Manhattan District Attorney."

www.nytimes.com/1993/05/02/books/the-worst-of-all-possible-banks.html?pagewanted=all&src=pm

Lots of depositors lost their life savings in BCCI.

Who is really behind BitCoin? Who has allowed it to spread and be promoted? Who has not shut it down?

Some people stand to gain and become millionaires, such as possibly Max Keiser. But who is really behind it?

And if it does go down and gets taken down, how many people will lose their money in it? How many poor Chinese will have been suckered in and lose what they had worked for in a potential bubble which some conspiracy theorists are beginning to say may be like the Dutch tulip bulb bubble in the 1600s?

Here is a ten minute clip of Alex Jones, Max Keiser and Mike Adams discussing BitCoin. It is by somebody who think s that Alex Jones is trying to crash BitCoin in order to boost gold to help his radio show company owners and sponsors. But this guy is totally wrong.

I think it is obvious that Max Keiser is lying when he says that BitCoin will "kill the Fed". I wouldn't trust him for a single minute.

I think it is a scam and it stinks to high heaven and a lot of suckers are possibly going to be fleeced.

Mike Adams says about BitCoin

"In China this is the new Casino"

I think the poor Chines suckers are going to be taken for a total ride and ripped off. They don't understand the game and they don't know who the players are and what the rules are.

And the guy who thinks that Alex Jones is trying to crash BitCoin says at the end, the reason he thinks that is because

"BitCoin goes up, gold and silver go down"

But assuming that is true, in whose interest would that be?

If you go back to William Engdahl's article and he is a really good geopolitical analyst, he says that there is a financial war going on with many Wall Street banks etc trying to keep gold down in order to protect the dollar.

Who is behind BitCoin?

Unfortunately, as great a newspaper as the Daily Mail is, it won't tell you.

For that you have to go to the conspiracy theorists and you then have to sort the wheat from the chaff in order not to be taken for a ride by the scammers.

DoctorTwo, you are left wing and now you believe Max Keiser and his "end the Fed", "kill the Fed" lies. Next you will probably end up believing the right-wing libertarian Ron Paul who has the same "end the Fed" lie and his son Rand Paul, who was named after the right wing nut, Ayn Rand.

Next you will believe the Tea Party who were for ending the Fed before the phoney left wing Occupy Wall Street group ever existed.

We all know the conspiracy theories about the Fed and we all know about fractional reserve banking. But don't be fooled to believe that Max Kesier or Ron Paul are for real or can do anything about it.

Alex Jones backs Ron Paul.

I think Ron Paul is not for real and neither is Max Keiser.

To understand what goes on and who is for real, you have to study conspiracy theory. The Guardian won't tell you, because even their best-paid Oxbridge spinners haven't got a clue.

I'm probably to the left of you, yes.

Alex Jones backs Ron Paul. Which tells us all we need to know about Jones, best known as a rambling fool.

Governments, central banks and fraudulent banksters loathe Bitcoin because they can't control it, they can't defraud it, therefore they face a risk if they invest in it. The FBI may have shut down The Silk Road, arrested Dread Pirate Roberts and seized a wallet containing 26000 Bitcoins, but they can't decrypt the wallet.

On the news that 26000 coins had been seized, the price slumped by about 30%. After the FBI admitted they couldn't get at them the price rallied and it is trading higher now at $164 each as opposed to $130 before the seizure.

Bitcoin is democratic and the embodiment of capitalism, unlike fractional reserve money.