JC Collins Q & A With Reader Comments
Axx fann (@fann_axx): July 14, 2014 at 1:00 am Mans attempt to understand our world…
Logic n reason has become a part of history in a perverted way, by those possessing the magic wand.
History does provide a simple realization, yet man refuses to exploit it to the benefit of mankind.
Have we learned to move forward and not become “the mirror image” of the past?
Slowly there appears and possibly sooner than later, balance will occur.
The prevailing question remains…
When will mankind discard mistakes of the past?
Dripfood: July 14, 2014 at 11:33 am Hi Axx and All,
Not so long ago, I was trampled upon and felt humiliated to the bone.
Somehow there was little resistance, so I fell into the deep deep pain of being unappreciated, worthless and unloved. My heart broke.
Then a peculiar question arose from nowhere: what IS pain? How come I feel pain at all?
Along with the question, the answer presented itself: because my nature is FULL self love. And every illusion or thought that deviates even slightly from FULLY loving selfness is painful.
Since that day pain is a pointer to the truth that in reality everyting in existence is fully in love with itself and its selves and every idea that suggests anything different is painful.
There is only one way to be. All suggestions of needing to change are painful by exquisit design.
Luminita Muresan: July 14, 2014 at 6:28 am Meaning that Hehe … I wonder. Would it take an awful amount of time for an amateur financial detective like myself to figure out the next move for these at least three or four scenarios for which only disparate variables can be articulated? My only answer to that is too long time to afford it.
However in an amateurish fashion, I am going to ask the board a question. The apartheid was not only a socio-political regime, was also a financial regime.
At the time of the apartheid collapse, the ZAR / USD was 2.5 / 1. In twoshort years it went to 6/1 After 9/11 the local central bank announced that it will stop intervening in the ZAR value and the ZAR to USD became 14 / 1 ‘stabilizing’ around 8-9/1. These days due to all the QEs it is almost 11/1.
Who was to benefit at consumer level? Anyone that was paid in USD and was using ZARs and…. did not pay taxes neither on ZAR or on USDs. Unfortunately my insight stops here.
My question is, will the SDRs or the local basket exchange currencies will be made available as investment instruments or not? If so will an account holder in one financial jurisdiction will be able to invest in another financial jurisdiction without being a citizen of both in order to be taxed accordingly?
Perhaps we should look at the taxation as well.
My kindest regards to all and my sincere thanks to JC who is taking the time and giving us a tremendous thinking energy for … free. Cheers
JC Collins July 14, 2014 at 11:35 am Perhaps this post from back in April could be helpful in regards to taxation.
And I don’t believe SDR’s or regional baskets will be available as investment instruments outside of the banks and institutions.
Luminita Muresan July 14, 2014 at 6:35 am About the fiscal regime during apartheid, the normal citizen was limited to a fixed amount of currency that could be exchanged. Perhaps that is the ‘capital limitation’ .Brett Wilson July 14, 2014 at 9:51 am The SDR is no better than the USD, its still a fiat currency tied to nothing of intrinsic value. The International Mafia Federation IMF is a privately run corrupt organisation.
It should be snubbed by the world and they should not be involved in any further currency negotiations or have the right to loan money they don’t have , locking up large parcels of resource rich land as collateral and enslaving poor countries to the IMF private banking cartel who know these poor countries will default on the loans. ‘
They the IMF are one of the largest privately run counter fitting operations in the world next to the US Federal Reserve. Private Bankers need to be totally excluded from any negotiations of the worlds next reserve currency.
All Central Banks need to be outlawed and each country should take ownership of their own sovereign money supply and credit. The private bankers rain of fraud and financial terrorism needs to come to an abrupt end.
JC Collins July 14, 2014 at 11:24 am Brett, you are correct, that is what needs to happen. Unfortunately that is not what is going to happen.
Jack Jackson (@hugovictor54) July 14, 2014 at 2:07 pm Dear J.C.: Will the Dong’s revaluation be the beginning of the USD’s revaluation? Pdog
LimelightPhotobooths (@limelightphotos) July 14, 2014 at 2:29 pmWhat do you see as a reasonable rate for the Dong to revalue at? .03 to the dollar?
JC Collins July 14, 2014 at 3:51 pm There is no information available to make any determinations on rates.
CryzSchilabel (@CryzSchilhabel) July 14, 2014 at 3:39 pm Dear Brett, as wrong and corrupt the SDR System looks like, as “good” it is in a long term view.
It´s just part of the logical evolution and just a step. But a step forward. Even the french revolution was just a step.