Huge Flop
It's interesting how many call Trump's bid for the White House an unorthodox presidential campaign.
Truth might be a better, more accurate term. The system is rigged and the playing fields tilted to one side way too long. One of the major ingredients most absent from previous campaigns starts with the same letter as the Donald's last name, T. And, yes, like formal last names it too deserves to be capitalized. Truth.
Trump has laid wide many of the issues many have suspected but for whatever reasons felt helpless to iterate. Political, corporate and judicial corruption are three though there are many more. Like MSM. The American masses actually have real American enemies within their mists. Something obviously the media and their backers don't want to gather traction.
One such enemy is the proponents of a cashless society. They are the IYI crowd. Most carry Ivy League pedigrees and have never swapped a shot of tequila from the same bottle with a Mexican gardener or ever been in a serious street fight. These are usually progeny of their Ivy League forerunners who have been screwing up the country almost from it beginning. Some call then snobs. The recognized term today is elites. We call them dangerous to your freedom and future.
Dangerous people come in all sizes and shapes. They don't all look tatted up, downtrodden and bedraggled. Many of them wear suits. Think Ted Bundy. And academic masks. Ken Rogoff the Harvard economic nerd is just such a guy, a dangerous enemy of everyday, common people.
We don't use the word enemy lightly. If you like shackles and the loss of your individual freedom you'll love Rogoff and his IYI crowd.What these people stand for is obliterating any chance for you to live your life out in your own way, something Christopher Morley defined as the only good life.
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Central Planners Are Control Freaks and Micro Managers
The IYI crowd of globalizers and bitter-clingers to their own academic ideas even when faced with contradicting realities manifests in "central planning". Ken Rogoff is part of that crowd.You know the type;"I'm here to protect you from yourself."
This man is not friendly towards financial and economic freedom of individuals. He is a central planner who thinks he knows better than you. And his book "Curse of Cash" is really an interview for a position in the Clinton Administration.
Note the chronology of the following "Anti-cash" pieces: Aug 27th, 28th, and 30th:
Aug 27th : How to Abolish Paper Currency- Jackson Hole
This piece of crap is a recipe for how to herd people towards electronic money. It masqueraded as "The Case for Unencumbering Interest Rate Policy at the Zero Bound" by Marvin Goodfriend. This document was not just a discussion on NIRP risk and how to assess if/when to use it. This was also an answer key on how to make it happen. And among those recommendations was to "Abolish Paper Currency". In all cases, the fall back will be to punish those who do not comply. For those people do not know what is best for them.
Our Full Analysis HERE
Aug 28th- The Sinister Side of Cash- by Ken Rogoff via the WSJ
The day after the abomination above was read to the Jackson Hole Crowd, Ken Rogoff floats the idea that we should remove the $100 bill.
Our comment then:
On Saturday, an echo of Friday's attack on currency was published by the Wall street Journal. If people like Prof. Kenneth Rogoff have their way In their cashless utopia, you'd have no choice - all purchases and transactions would be recorded, stored, hacked, and sold. It is laughable to say removing the $100 bill would be helpful. Removing the $1000 bill was valid, but that is a factor of 10X Ben Franklin's note. So it is 1/10 as effective practically. Professor Rogoff is also former chief economist of the International Monetary Fund and about to publish a book called we kid you not " The Curse of Cash".
Aug. 30th- Ken Rogoff's "The Curse of Cash" is published
The book did poorly and is already discounted 41% after2 months (see above). Ken gets the last laugh however. If Hillary doesn't faint again, Ken's good to go. Ken is looking for a job in the next administration. And he himself is not even an original thinker. He is merely piggybacking on an idea that is out there already. He's selling snake oil, creating false equivalencies between crime and money's existence. But sadly, no push back has occurred. And here is the result.Mon Oct 24, 2016 | 1:18am EDT (RTRS)Major banks mark first-ever international trade using blockchain tech
Sold as a convenience, it offers instant clearing and removes counterparty risk for the BANK, not the customer. This paves the way for abolishing physical cash. It is over.
marketslant.com/articles/ken-rogoff-trying-infect-gold.
marketslant.com/articles/ken-rogoff-trying-infect-gold.
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