Rightardia comment: Mr. Hamou seems to be advocating a privacy solution for countering the expansion of the Federal Reserve. We have sent an email to Mr. Hamou asking him to clarify his bank account proposal. None of our writers pretend to be economists so we invite comments on this article.
Mr Hamou's response: The System is a New Economic Order as opposed to a possible NWO (New World Order) with DNA as opposed to our random number.
We can monitor the transaction not make a discrimination about who you are: we differentiate 'the is' with 'the have.'
If you sell weapons we will know that this account sold weapons and we can disconnect it on the base of what illegal transaction was made.
As far as evading taxes it will be impossible (I will deal with that later).
There is a very wide difference between a DNA and a Serial number of a banknote. The difference is your freedom.
As far as government you must understand that they simply won't have an economy. They can accept ours and go by our rules (respect of privacy and individual freedom) or chose to keep their people in the Liquidity Trap and soon become irrelevant: who wants a government that can't feed its people?
by Shalom P. Hamou
Its purpose is to profit from both the inflation of the mother of all asset price bubbles brought by irrational exuberance and the crash and the deep depression that will necessarily ensue.
"That is mission impossible. Indeed, the international financial community has made numerous efforts in recent years to establish such oversight, but none prevented or ameliorated the crisis that began last summer.
Much as we might wish otherwise, policy makers cannot reliably anticipate financial or economic shocks or the consequences of economic imbalances.
Financial crises are characterised by discontinuous breaks in market pricing the timing of which by definition must be unanticipated - if people see them coming, then the markets arbitrage them away.
The clear evidence of underpricing of risk did not prod private sector risk management to tighten the reins. In retrospect, it appears that the most market-savvy managers, although conscious that they were taking extraordinary risks, succumbed to the concern that unless they continued to "get up and dance."
As ex-Citigroup CEO, Chuck Prince, memorably put it, they would irretrievably lose market share. Instead, they gambled that they could keep adding to their risky positions and still sell them out before the deluge. Most were wrong.
What do we do After the crash
It is a conspiracy to create a New Economic Order among us before they can implement their New World Order.
"People of the same trade seldom meet together, even for merriment and diversion,but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty and justice.
But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies; much less to render them necessary.
A regulation which obliges all those of the same trade in a particular town to enter their names and places of abode in a public register, facilitates such assemblies. It connects individuals who might never otherwise be known to one another, and gives every man of the trade a direction where to find every other man of it.
A regulation which enables those of the same trade to tax themselves in order to provide for their poor, their sick, their widows and orphans, by giving them a common interest to manage, renders such assemblies necessary."
I will jump start it after The Crash if the Number of Registered €5 is sufficient.Because the serial number of a €5 bank note does not tell anything about his owner the New Economic Order can not discriminates or limit individual freedom.
It is hence in our best common interest that we propagate these ideas as much as we can.Talk to your family, to your friends, to your business associates.
To that order I am building redundant networks. Grow the Networks!"Even apart from the instability due to speculation, there is the instability due to the characteristic of human nature that a large proportion of our positive activities depend on spontaneous optimism rather than on a mathematical expectation, whether moral or hedonistic or economic.
Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as a result of animal spirits—of a spontaneous urge to action rather than inaction,and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.
Enterprise only pretends to itself to be mainly actuated by the statements in its own prospectus, however candid and sincere. Only a little more than an expedition to the South Pole, is it based on an exact calculation of benefits to come.
Thus if the animal spirits are dimmed and the spontaneous optimism falters, leaving us to depend on nothing but a mathematical expectation, enterprise will fade and die;—though fears of loss may have a basis no more reasonable than hopes of profit had before."
© 1994-2009 Shalom P. Hamou & My Yield Curve.
source: http://www.mybloglog.com/buzz/members/yield-curve/
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