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The World News Media

TheWorldNewsOrg

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Posts posted by TheWorldNewsOrg

  1. After noting the Chinese and Russians are excellent allies and have engaged in several military drills together of late, Japanese State Defense Minister Yasuhide Nakayama, in a press interview, had this to say, “[Russian naval forces] are really exercising just right in front of the western part of Honolulu, and so I don’t want to remind the [sic] seventy years ago, but we have to be careful of the exercising of the Russians.” 

    Nuclear Explosion History GIF

  2. Just this week:

    • BNY Mellon partners with Grayscale

    • BoA approves Bitcoin trading futures

    • Square will launch Bitcoin DeFi

    • Fidelity will add 100 crypto employees

    • Visa to approve BTC debit card in Australia

     

    Bitcoin GIF by eToro

  3. "To achieve this level of decentralization and immutability, ION is built on top of the shared database that's used for recording bitcoin transactions, which is known as the blockchain. Though Microsoft is contributing most of the work, the company would have no control over who participates in the system."

     

  4. the public is slowly starting to realize that bitcoin mining’s impact on the environment will be the exact opposite to the fud parroted in the media.

    bitcoin mining is kick starting a revolution in clean energy because now clean energy has a customer that is guaranteed to buy enormous amounts of energy that would otherwise be stranded or wasted or gives new life to under-utilized infrastructure.

  5. A hydroelectric plant in Mechanicville, New York, has been nominated for national engineering landmark status for being the oldest renewable energy facility in the world that's still running. The plant, which was built in 1897, still uses all of the original 1800s machinery, which is now being used to produce bitcoin. "We can actually make more money with bitcoin than selling the electricity to National Grid," said Jim Besha Sr., CEO of Albany Engineering Corp.

    https://www.timesunion.com/news/article/Mechanicville-hydro-plant-gets-new-life-16299115.php

    Public Works Water GIF by US National Archives

  6. Adolf Hitler, whose economics were far more astute than those of the government's economists, shared roughly the same view of the inflationary government confiscators with Lord Keynes:

    " ... once the printing presses stopped — and that is the prerequisite for the stabilization of the mark — the swindle would be at once brought to light ... the State itself has become the biggest swindler and crook."

    Despite the obliteration of the wealth of millions of individual Germans, the inflation was merely a transfer of their wealth, like any tax, and not in any sense a destruction of wealth. For every German's total loss, there was an equivalent gain to some other German debtor or to Germany as a whole, through the discharge of their debts.

    https://recision.files.wordpress.com/2010/12/jens-parsson-dying-of-money-24.pdf

  7. The effect was a confiscatory tax on these victims. John Maynard Keynes, who later rightly or wrongly was adopted as patron saint by inflationary governments, excoriated them on this occasion:

    "Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they can not only confiscate, but they confiscate arbitrarily ... "

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