What do you believe a "Quantam Financial System" would actually be? just a government run banking and/or investment 401k/IRA service that is more secure? or some kind of magic wealth creation thing that the GSERA/NSARA theories have people believe?
Money is simply a wealth/energy accounting mechanism. Sound money just prevents theft from inflation, which is great, but it doesn't magically create wealth from nothing for people.
If this QFS/ Trump IRA thing started giving money to people, that would be no different economically than the FED just printing money (or the govt borrowing it) for the government to send people stimulus checks.
I do believe Q invented Bitcoin, and there may indeed be a huge wealth transfer from Satoshi's reserves to the citizens, to help rebuild the economy after the banks go down. Like in the tv show Mr Robot. That would be Epic. Or perhaps the reserves would just fund the US government so everyone can have zero taxes for a few years.
In the beginning I’m thinking the sources for distribution will derive from cash on hand that white hats have pried away from the powers that “did be” and from tariffs.
After that they will “probably” rely on the MAJOR upswing we’ll see across markets, some type of crypto distribution, schemes like Trump’s IRA plan, and direct investments the government seems to be gearing up to do, and most importantly, a tax on companies that use Ai to replace workers. That last one will be paramount in sustaining a long term distribution plan if they’re planning on keeping the gen-pop from doing what it’s always done when a shit ton of jobs are suddenly eradicated by new technologies,,,, “revolt violently”.
*regardless of whether or not white hats could afford it, I highly doubt we’ll be receiving large lump sum payments, unless it has something to do with tax reimbursements. Even then the responsible thing to do is spread the payments out, if you don’t that money will be GONE within a year, and then what??🤔
I also think over the next year or so we’ll be hearing a lot more about a US sovereign wealth fund. For as long as I can remember we’ve been hoodwinked into thinking it’s somehow un-American for the government to get involved in investing into companies for the sake of profit. Unfortunately,,, I was one of the dumbasses who bought that bs hook, line, and sinker, well,,,, NOT ANYMORE🙂
Fair enough, i do agree with most of that. And i'm slowly coming on board with a sovereign wealth fund idea, or how social security works better in other countries like the UK and Australia, where people have to set aside a portion of their income for investments for their retirement, which is better than the current social security pyramid scheme where retirees are just paid from tax dollars.
However part of me is still against that because the monopoly aspect of forced investing ends up costing people, for example when I worked part time in Australia i had about $400 saved up in my mandatory investment (super), then i moved to the UK, and you're not allowed to withdraw it until you retire. It got eaten away to zero with $60 fees each year. I would've been better off just being allowed to keep more of my paycheck. Also my Dad's friend is in his early 60's and chose to use his super to buy a property to renovate himself so he can rent it out, But because it's still overseen by the government, he has to pay $Thousands a year for an auditor to keep inspecting his renovations to make sure he's not "wasting" the money, to protect him from himself. Essentially Norway seems to be the only government that isn't screwing over their own citizens in regards to investing on their behalf. That's why i'm hesitant. Anything can work perfectly if the government is good, efficient, and not corrupt, but that will rarely be the case, So i'd rather the govt not be involved in the first place.
The other biggest thing i'm scared of is taxes imposed on all the efficiency gains from AI and automation. I believe that will just result in the govt stealing and wasting extra tax dollars as they usually do, rather than those cost savings being directly passed on to the consumer. I don't believe AI is going to replace jobs that quickly, and imagine if we did the same taxes on every company and factory that used machines for automation over the last 100 years. Imagine if your phone bill needed to be higher, because telecomms had to pay a permanent extra tax because computers took the jobs of 1,000s of switch board operators. Or farmers had to pay massive taxes because Combine harverstors and tractors took the jobs of 100s of people per farm like they did.
With AI and robots, i see a world so efficient where your weekly groceries could be like $5. People will be so wealthy it doesn't matter that AI is taking their jobs, they'll only need to work 1-2 days a week to live a normal lifestyle.
My support comes with a VERY healthy dose of skepticism for obvious reasons.
That said, when I stand back and look at the breadth of white hat’s plan(s) to deal with your’s and I’s concerns I’m blown away by the shear scale and audacity. That leads me to “believe” that white hats didn’t decide to go this far without considering every force majeure that an Ai could spit out, and then plan for.
I realized years ago that this shit is so vastly complicated that worrying about whether or not it can be pulled off properly is damn near pointless. *There ain't shit we can do about it, because like we’ve been told “nothin can stop what is coming”.
For the first time in my life I’m not hoping for the best and planning for the worst. This time I’m straight up planning for The Best, bc if the worst happens here there won’t be a next time.
Edit: I am planning to be able to get the hell out of Dodge / be the hell out of Dodge when the Ai situation gets turnt to max. *Been looking @ 48’+~ blue water sailboats, so I can get FAR AWAY from that shit show, if need be.
Care to elaborate?
What do you believe a "Quantam Financial System" would actually be? just a government run banking and/or investment 401k/IRA service that is more secure? or some kind of magic wealth creation thing that the GSERA/NSARA theories have people believe?
Money is simply a wealth/energy accounting mechanism. Sound money just prevents theft from inflation, which is great, but it doesn't magically create wealth from nothing for people.
If this QFS/ Trump IRA thing started giving money to people, that would be no different economically than the FED just printing money (or the govt borrowing it) for the government to send people stimulus checks.
I do believe Q invented Bitcoin, and there may indeed be a huge wealth transfer from Satoshi's reserves to the citizens, to help rebuild the economy after the banks go down. Like in the tv show Mr Robot. That would be Epic. Or perhaps the reserves would just fund the US government so everyone can have zero taxes for a few years.
In the beginning I’m thinking the sources for distribution will derive from cash on hand that white hats have pried away from the powers that “did be” and from tariffs.
After that they will “probably” rely on the MAJOR upswing we’ll see across markets, some type of crypto distribution, schemes like Trump’s IRA plan, and direct investments the government seems to be gearing up to do, and most importantly, a tax on companies that use Ai to replace workers. That last one will be paramount in sustaining a long term distribution plan if they’re planning on keeping the gen-pop from doing what it’s always done when a shit ton of jobs are suddenly eradicated by new technologies,,,, “revolt violently”.
*regardless of whether or not white hats could afford it, I highly doubt we’ll be receiving large lump sum payments, unless it has something to do with tax reimbursements. Even then the responsible thing to do is spread the payments out, if you don’t that money will be GONE within a year, and then what??🤔
I also think over the next year or so we’ll be hearing a lot more about a US sovereign wealth fund. For as long as I can remember we’ve been hoodwinked into thinking it’s somehow un-American for the government to get involved in investing into companies for the sake of profit. Unfortunately,,, I was one of the dumbasses who bought that bs hook, line, and sinker, well,,,, NOT ANYMORE🙂
Fair enough, i do agree with most of that. And i'm slowly coming on board with a sovereign wealth fund idea, or how social security works better in other countries like the UK and Australia, where people have to set aside a portion of their income for investments for their retirement, which is better than the current social security pyramid scheme where retirees are just paid from tax dollars.
However part of me is still against that because the monopoly aspect of forced investing ends up costing people, for example when I worked part time in Australia i had about $400 saved up in my mandatory investment (super), then i moved to the UK, and you're not allowed to withdraw it until you retire. It got eaten away to zero with $60 fees each year. I would've been better off just being allowed to keep more of my paycheck. Also my Dad's friend is in his early 60's and chose to use his super to buy a property to renovate himself so he can rent it out, But because it's still overseen by the government, he has to pay $Thousands a year for an auditor to keep inspecting his renovations to make sure he's not "wasting" the money, to protect him from himself. Essentially Norway seems to be the only government that isn't screwing over their own citizens in regards to investing on their behalf. That's why i'm hesitant. Anything can work perfectly if the government is good, efficient, and not corrupt, but that will rarely be the case, So i'd rather the govt not be involved in the first place.
The other biggest thing i'm scared of is taxes imposed on all the efficiency gains from AI and automation. I believe that will just result in the govt stealing and wasting extra tax dollars as they usually do, rather than those cost savings being directly passed on to the consumer. I don't believe AI is going to replace jobs that quickly, and imagine if we did the same taxes on every company and factory that used machines for automation over the last 100 years. Imagine if your phone bill needed to be higher, because telecomms had to pay a permanent extra tax because computers took the jobs of 1,000s of switch board operators. Or farmers had to pay massive taxes because Combine harverstors and tractors took the jobs of 100s of people per farm like they did.
With AI and robots, i see a world so efficient where your weekly groceries could be like $5. People will be so wealthy it doesn't matter that AI is taking their jobs, they'll only need to work 1-2 days a week to live a normal lifestyle.
Intel / Sovereign Wealth Fund🤔
All solid concerns.
My support comes with a VERY healthy dose of skepticism for obvious reasons.
That said, when I stand back and look at the breadth of white hat’s plan(s) to deal with your’s and I’s concerns I’m blown away by the shear scale and audacity. That leads me to “believe” that white hats didn’t decide to go this far without considering every force majeure that an Ai could spit out, and then plan for.
I realized years ago that this shit is so vastly complicated that worrying about whether or not it can be pulled off properly is damn near pointless. *There ain't shit we can do about it, because like we’ve been told “nothin can stop what is coming”.
For the first time in my life I’m not hoping for the best and planning for the worst. This time I’m straight up planning for The Best, bc if the worst happens here there won’t be a next time.
Edit: I am planning to be able to get the hell out of Dodge / be the hell out of Dodge when the Ai situation gets turnt to max. *Been looking @ 48’+~ blue water sailboats, so I can get FAR AWAY from that shit show, if need be.
QFS is not real. Does that answer your question?