I totally disagree. History didn’t start in 1979.
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I’m glad that we have a meeting of the minds on that point! 
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I’m not calling for a war with Islam, rather, we need to expel most Muslims from the West and stop pretending we can coexist with them and that they can assimilate. Immigration is a bigger challenge: Islam is a subset of shithole cultures and countries.
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Press 5 for Ebonics
edit: 1979 was a seminal year for Iranian/USA relations because of the Islamic revolution
Iran is a pariah state. It is more unpopular than even Israel which I didn’t think was possible. Being more unpopular than Israel is quite an achievement especially today.
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Right, but what happened before that?
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I think this kind of neocon rhetoric isn’t helpful—it is designed to deflect righteous indignation away from the real cause of our problems. I will not allow myself to be whipped-up into an anti-Muslim frenzy again (been there, done that…learned my lesson from the so-called “war on terror”).
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1953 CIA coup
My objective is not to start a religious war or change regimes. Rather I accept that I cannot and will not tolerate Muslim neighbors. They should remain in Mecca
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I think I understand, but you might not have a choice.
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A CBDC allows more than easy tracking. It allows for things like the government depositing digits into certain accounts that could be only used for specific purposes or that have a time limit on use.
Those that got stimi checks would get stimi dollars and be told they can be used at Target or whichever large corporations donated the most dollars.
It also bypasses capitalism’s method of money creation through commercial banks. The government has been working on the commercial banks for ages to create the money they want created. Think low credit loans or minority loans.
It is inefficient trying to convince a bank and all the loan officers to create money for the George Floyds of the world. George might actually think the bank would have to be idiotic to give them money.
It is inefficient to send George a check with Trump’s name on it in exchange for a vote or a riot. George might not have an address on file.
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One of the problems for the central planners is that lowering interest rates doesn’t work very well. When the economy is shit and people are losing their jobs, the banks get conservative with loans and people get conservative about taking on debt. Therefore, the economy doesn’t get the stimulus that the Keynesian economists believe is needed.
The central planners need to go to Trump’s 1 percent to see money creation(loan growth). At one percent I would take all the money you would give me. But one problem is they won’t give me or you a billion at 1 percent, but they give it to hedge funds, billionaires and corporations. Not that they mind helping those entities get a little help, but those entities don’t drive the consumption the Keynesian’s want.
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That focus on consumption is the foolishness on which Keynesianism is based.
Back in the days when foreign trade was a small part of a country’s economy, it was possible to stimulate Production (which is the only true way to boost an economy) by stimulating consumption. But today, if an Administration tries to stimulate the US economy by promoting consumption (eg helicopter money), that money will be spent on more imports from China. China’s real economy will be stimulated to increase production – and the US will be left with more crushing debt.
Production Precedes Consumption – that is the fundamental truth of economic life.
Oh yea at least one more advantage the cbdc offers the central planners.
Today the Treasury has to go through that stupid process of selling Treasuries in the marketplace. When there is not enough demand, the Fed has to step in and monetize that debt. That doesn’t look good and it gets messy. Thus far the government has been able to drive demand by forcing banks and retirement funds to hold US debt. But every once in awhile the auctions still fail. It isn’t cool when it becomes obvious to those that watch the plumbing notice that there is more debt coming down the sewer line than the piping can handle. It’s as if the prom queen can no longer get anyone to ask her to dance. It is just a little too embarrassing.
Now the CBDC can be used to bypass that messy process. The Fed can just deposit the digits. The prom queen is spared.
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Right! Just like SNAP cards prevent individuals from using those dedicated funds to purchase drugs and alcohol. Ha ha!
The Harvard grads in the Central Bank might think they can devise a fool-proof CBDC system … but history tells us that the people will outwit the Harvard grads.
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Same with stablecoins such as usdt (tether). They have or will purchase T bills (1 year or less).
It is not about controlling the criminal element. It is about controlling the population that are overwhelmingly law abiding.
It is similar to the secret courts and spying on US citizens under the Patriot act. Terrorist and criminals are the boogeymen that are used to sell it to the people.
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