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Democracy Matters :verified:Make America Broke Again!!!!"Amid geopolitical tensions, streaming giants like Netflix are aggressively expanding their international production portfolios. Netflix’s commitment to invest $1 billion in Mexican film and TV production over the next four years exemplifies this trend. "<a href="https://mstdn.social/tags/CapitalFlight" class="mention hashtag" rel="tag">#CapitalFlight</a> <a href="https://mstdn.social/tags/RepublicansOwnThis" class="mention hashtag" rel="tag">#RepublicansOwnThis</a> <a href="https://mstdn.social/tags/ImpeachTrumpNow" class="mention hashtag" rel="tag">#ImpeachTrumpNow</a> <a href="https://mstdn.social/tags/USPol" class="mention hashtag" rel="tag">#USPol</a>

acemaxx<a href="https://econtwitter.net/tags/FX" class="mention hashtag" rel="nofollow noopener" target="_blank">#FX</a> - The simultaneous surge in <a href="https://econtwitter.net/tags/euro" class="mention hashtag" rel="nofollow noopener" target="_blank">#euro</a> and <a href="https://econtwitter.net/tags/German" class="mention hashtag" rel="nofollow noopener" target="_blank">#German</a> Govt bonds this month suggests a <a href="https://econtwitter.net/tags/capitalflight" class="mention hashtag" rel="nofollow noopener" target="_blank">#capitalflight</a> to <a href="https://econtwitter.net/tags/eurozone" class="mention hashtag" rel="nofollow noopener" target="_blank">#eurozone</a>’s benchmark debt as a haven from trade war turmoil, chart @financialtimes.com <a href="https://www.ft.com/content/88f47b5b-c12c-49f1-ad3b-61545510c80d?segmentId=b0d7e653-3467-12ab-c0f0-77e4424cdb4c" rel="nofollow noopener" translate="no" target="_blank">https://www.ft.com/content/88f47b5b-c12c-49f1-ad3b-61545510c80d?segmentId=b0d7e653-3467-12ab-c0f0-77e4424cdb4c</a>

Uilliam Mac ᚒᚔᚂᚂᚔᚐᚋIf the richest 0.1 per cent of Earth's population were raptured off the face of the planet tomorrow never to return, would humanity be better off? <a href="https://mastodon.ie/tags/Polls" class="mention hashtag" rel="nofollow noopener" target="_blank">#Polls</a> <a href="https://mastodon.ie/tags/Oligarchs" class="mention hashtag" rel="nofollow noopener" target="_blank">#Oligarchs</a> <a href="https://mastodon.ie/tags/CapitalFlight" class="mention hashtag" rel="nofollow noopener" target="_blank">#CapitalFlight</a> <a href="https://mastodon.ie/tags/Capitalism" class="mention hashtag" rel="nofollow noopener" target="_blank">#Capitalism</a>

Kevin Karhan :verified:<a href="https://universeodon.com/@cryptadamist" class="u-url mention" rel="nofollow noopener" target="_blank">@cryptadamist</a> the only thing <a href="https://infosec.space/tags/Bitcoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#Bitcoin</a> works at is monitoring <a href="https://infosec.space/tags/Billionaires" class="mention hashtag" rel="nofollow noopener" target="_blank">#Billionaires</a>, <a href="https://infosec.space/tags/Oligarchs" class="mention hashtag" rel="nofollow noopener" target="_blank">#Oligarchs</a> and <a href="https://infosec.space/tags/CryptoBros" class="mention hashtag" rel="nofollow noopener" target="_blank">#CryptoBros</a> try to dodge <a href="https://infosec.space/tags/Taxes" class="mention hashtag" rel="nofollow noopener" target="_blank">#Taxes</a> and commit <a href="https://infosec.space/tags/CapitalFlight" class="mention hashtag" rel="nofollow noopener" target="_blank">#CapitalFlight</a>.<ul><li>Because they are too stupid to get <a href="https://infosec.space/tags/Monero" class="mention hashtag" rel="nofollow noopener" target="_blank">#Monero</a>!</li></ul><a href="https://infosec.space/tags/Shitcoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#Shitcoin</a> <a href="https://infosec.space/tags/Shitcoins" class="mention hashtag" rel="nofollow noopener" target="_blank">#Shitcoins</a> <a href="https://infosec.space/tags/TechBros" class="mention hashtag" rel="nofollow noopener" target="_blank">#TechBros</a>

Marshall MayerExtractors Abandon Local Market for More Money Elsewhere <a href="https://pixelfed.social/discover/tags/BitcoinMine?src=hash" class="u-url hashtag" rel="nofollow noopener" target="_blank">#BitcoinMine</a> <a href="https://pixelfed.social/discover/tags/SagebrushRebellion?src=hash" class="u-url hashtag" rel="nofollow noopener" target="_blank">#SagebrushRebellion</a> <a href="https://pixelfed.social/discover/tags/CompanyTown?src=hash" class="u-url hashtag" rel="nofollow noopener" target="_blank">#CompanyTown</a> <a href="https://pixelfed.social/discover/tags/CapitalFlight?src=hash" class="u-url hashtag" rel="nofollow noopener" target="_blank">#CapitalFlight</a> <a href="https://pixelfed.social/discover/tags/SuperFundSite?src=hash" class="u-url hashtag" rel="nofollow noopener" target="_blank">#SuperFundSite</a> <a href="https://pixelfed.social/discover/tags/ExportedProfits?src=hash" class="u-url hashtag" rel="nofollow noopener" target="_blank">#ExportedProfits</a> <a href="https://pixelfed.social/discover/tags/ServerFarm?src=hash" class="u-url hashtag" rel="nofollow noopener" target="_blank">#ServerFarm</a> <a href="https://pixelfed.social/discover/tags/Extraction?src=hash" class="u-url hashtag" rel="nofollow noopener" target="_blank">#Extraction</a> <a href="https://pixelfed.social/discover/tags/Authentic?src=hash" class="u-url hashtag" rel="nofollow noopener" target="_blank">#Authentic</a> <a href="https://pixelfed.social/discover/tags/Photography?src=hash" class="u-url hashtag" rel="nofollow noopener" target="_blank">#Photography</a> Source: <a href="https://take-note.com/note-takers/marshall--mayer/notes/extractors-abandon-local-market-for-more-money-elsewhere/view" rel="nofollow noopener" target="_blank">https://take-note.com/note-takers/marshall--mayer/notes/extractors-abandon-local-market-for-more-money-elsewhere/view</a>

Kevin Karhan :verified:Exactly that is true: <a href="https://infosec.space/tags/Fragmentation" class="mention hashtag" rel="nofollow noopener" target="_blank">#Fragmentation</a> <a href="https://www.youtube.com/watch?v=ogLWnZ4Icro" rel="nofollow noopener" target="_blank">kills the EU</a>!<ul><li>Instead of levying <a href="https://infosec.space/tags/tariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#tariffs</a> on <a href="https://infosec.space/tags/GAFAMs" class="mention hashtag" rel="nofollow noopener" target="_blank">#GAFAMs</a> comitting <a href="https://infosec.space/tags/CapitalFlight" class="mention hashtag" rel="nofollow noopener" target="_blank">#CapitalFlight</a> and <a href="https://infosec.space/tags/TaxEvasion" class="mention hashtag" rel="nofollow noopener" target="_blank">#TaxEvasion</a>, the <a href="https://infosec.space/tags/EU" class="mention hashtag" rel="nofollow noopener" target="_blank">#EU</a> decided to basically kill <a href="https://infosec.space/tags/domestic" class="mention hashtag" rel="nofollow noopener" target="_blank">#domestic</a> <a href="https://infosec.space/tags/competition" class="mention hashtag" rel="nofollow noopener" target="_blank">#competition</a> with bs. like demanding that <a href="https://infosec.space/tags/AppStores" class="mention hashtag" rel="nofollow noopener" target="_blank">#AppStores</a> have to pay <a href="https://infosec.space/tags/VAT" class="mention hashtag" rel="nofollow noopener" target="_blank">#VAT</a> / <a href="https://infosec.space/tags/GST" class="mention hashtag" rel="nofollow noopener" target="_blank">#GST</a> / <a href="https://infosec.space/tags/SalesTax" class="mention hashtag" rel="nofollow noopener" target="_blank">#SalesTax</a> in the customers' nation. </li></ul>That's why there's no <a href="https://infosec.space/tags/AndroidPit" class="mention hashtag" rel="nofollow noopener" target="_blank">#AndroidPit</a> <a href="https://infosec.space/tags/AppCenter" class="mention hashtag" rel="nofollow noopener" target="_blank">#AppCenter</a> <a href="https://web.archive.org/web/20150927004422/http://www.androidpit.de/in-eigener-sache-androidpit-schliesst-sein-app-center" rel="nofollow noopener" target="_blank">anymore</a>! <ul><li>And I do know that <a href="https://infosec.space/tags/Zensursula" class="mention hashtag" rel="nofollow noopener" target="_blank">#Zensursula</a> or the <a href="https://ec.social-network.europa.eu/@EUCommission" class="u-url mention" rel="nofollow noopener" target="_blank">@EUCommission</a> don't really give a wet fart about that, because they want a <a href="https://infosec.space/tags/SurveillanceState" class="mention hashtag" rel="nofollow noopener" target="_blank">#SurveillanceState</a> and <a href="https://infosec.space/tags/PoliceState" class="mention hashtag" rel="nofollow noopener" target="_blank">#PoliceState</a> and would rather choose to die from <a href="https://infosec.space/tags/LateStageCapitalism" class="mention hashtag" rel="nofollow noopener" target="_blank">#LateStageCapitalism</a> than accept the necessity for <a href="https://infosec.space/tags/SystemChangeNotClimateChange" class="mention hashtag" rel="nofollow noopener" target="_blank">#SystemChangeNotClimateChange</a>! </li></ul>Thanks again to <a href="https://mastodon.social/@dw_innovation" class="u-url mention" rel="nofollow noopener" target="_blank">@dw_innovation</a> / <a href="https://infosec.space/tags/DWnews" class="mention hashtag" rel="nofollow noopener" target="_blank">#DWnews</a> for that video.<a href="https://infosec.space/tags/EUpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#EUpol</a> <a href="https://infosec.space/tags/DEpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#DEpol</a> <a href="https://infosec.space/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#USpol</a> <a href="https://infosec.space/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#Trump</a> <a href="https://infosec.space/tags/Draghi" class="mention hashtag" rel="nofollow noopener" target="_blank">#Draghi</a> <a href="https://infosec.space/tags/Letta" class="mention hashtag" rel="nofollow noopener" target="_blank">#Letta</a> <a href="https://infosec.space/tags/Putin" class="mention hashtag" rel="nofollow noopener" target="_blank">#Putin</a> <a href="https://infosec.space/tags/Xi" class="mention hashtag" rel="nofollow noopener" target="_blank">#Xi</a> <a href="https://infosec.space/tags/WorldPolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#WorldPolitics</a> <a href="https://infosec.space/tags/Economy" class="mention hashtag" rel="nofollow noopener" target="_blank">#Economy</a> <a href="https://infosec.space/tags/SingleMarket" class="mention hashtag" rel="nofollow noopener" target="_blank">#SingleMarket</a> <a href="https://infosec.space/tags/Destiny" class="mention hashtag" rel="nofollow noopener" target="_blank">#Destiny</a> <a href="https://infosec.space/tags/Europe" class="mention hashtag" rel="nofollow noopener" target="_blank">#Europe</a>

bsmall2Oldie but Goodie (1998 writing about Jubilee 2000!) I'm still in touch with people I met thanks to the Jubilee Kyushu movement. One was a university student then an a mother of two daughters now. She's been fighting the good fight all that time, 12 years ago she was helping a Thai environmental journalist tour Japan, meeting the places and people fighting against the damage from dams and for reparations to the victims of pollution disasters. Now she's fighting for the rivers and mountain people against more wasteful dams... It's fascinating to think how movements might not effect an immediate change in the one issue that brings people together at one time, but people go on struggling against injustice and try to help each other out... <blockquote> There are other relevant precedents. When the U.S. took over Cuba 100 years ago it cancelled Cuba’s debt to Spain on the grounds that the burden was “imposed upon the people of Cuba without their consent and by force of arms.” Such debts were later called “odious debt” by legal scholarship, “not an obligation for the nation” but the “debt of the power that has incurred it,” while the creditors who “have committed a hostile act with regard to the people” can expect no payment from the victims. Rejecting a British challenge to Costa Rican laws cancelling the debt of the former dictator to the Royal Bank of Canada, the arbitrator — U.S. Supreme Court Chief Justice William Howard Taft — concluded that the Bank lent the money for no “legitimate use,” so its claim for payment “must fail.” The logic extends readily to much of today’s debt: “odious debt” with no legal or moral standing, imposed upon people without their consent, often serving to repress them and enrich their masters. ^1 </blockquote> ... <blockquote> The picture generalizes, and breaks little new ground. A study of the global economy points out that “defaults on foreign bonds by US railroads in the 1890s were on the same scale as current developing country debt problems.”5 Britain, France, and Italy defaulted on US debts in the 1930s. After World War II, there was reported to be heavy flow of capital from Europe to the United States. Cooperative controls could have kept the funds at home for post-war reconstruction, but, some analysts allege, policymakers preferred to have wealthy Europeans send their capital to New York banks, with the costs of reconstruction transferred to US taxpayers. The Marshall Plan approximately covered the “mass movements of nervous flight capital” that leading economists had predicted. ^2 </blockquote> <ul><li>https://chomsky.info/19980515/</li></ul> While searching for this link I just saw it became a chapter in Rogue States. A quick glance makes me think it may have been rearranged and edited a bit: and has more sources too! <blockquote> ^1 Patricia Adams, Odious Debts (Earthscan, 1991); Lissakers, Banks, Borrowers. Witness for Peace, A Bankrupt Future: The Human Cost of Nicaragua’s Debt (WFP, 2000); Envio (Managua, Nicaragua: UCA), 18.220, Nov. 1999. ^2 Eric Helleiner, States and the Reemergence of Global Finance (Cornell Univ. Press, 1994). </blockquote> #<a class="" href="https://tiksi.net/search?tag=Jubilee2000" rel="nofollow noopener" target="_blank">Jubilee2000</a> #<a class="" href="https://tiksi.net/search?tag=JubileeKyushuu" rel="nofollow noopener" target="_blank">JubileeKyushuu</a> #<a class="" href="https://tiksi.net/search?tag=MarshallPlan" rel="nofollow noopener" target="_blank">MarshallPlan</a> #<a class="" href="https://tiksi.net/search?tag=CapitalFlight" rel="nofollow noopener" target="_blank">CapitalFlight</a> #<a class="" href="https://tiksi.net/search?tag=OdiousDebt" rel="nofollow noopener" target="_blank">OdiousDebt</a> #<a class="" href="https://tiksi.net/search?tag=OdiousDebts" rel="nofollow noopener" target="_blank">OdiousDebts</a> #<a class="" href="https://tiksi.net/search?tag=RogueStates" rel="nofollow noopener" target="_blank">RogueStates</a> by #<a class="" href="https://tiksi.net/search?tag=NoamChomsky" rel="nofollow noopener" target="_blank">NoamChomsky</a> #^<a class="" href="https://chomsky.info/19980515/" rel="nofollow noopener" target="_blank">Jubilee 2000</a> <blockquote>The Noam Chomsky Website.</blockquote>

Kevin Karhan :verified:<a href="https://infosec.exchange/@SpaceLifeForm" class="u-url mention" rel="nofollow noopener" target="_blank">@SpaceLifeForm</a> TBH, all <a href="https://infosec.space/tags/currency" class="mention hashtag" rel="nofollow noopener" target="_blank">#currency</a> - even antique <a href="https://infosec.space/tags/metal" class="mention hashtag" rel="nofollow noopener" target="_blank">#metal</a> <a href="https://infosec.space/tags/coins" class="mention hashtag" rel="nofollow noopener" target="_blank">#coins</a> - is based off <a href="https://infosec.space/tags/fungibility" class="mention hashtag" rel="nofollow noopener" target="_blank">#fungibility</a>. <ul><li>That's why <a href="https://infosec.space/tags/BurgerKing" class="mention hashtag" rel="nofollow noopener" target="_blank">#BurgerKing</a> in <a href="https://infosec.space/tags/Germany" class="mention hashtag" rel="nofollow noopener" target="_blank">#Germany</a> accepted <a href="https://infosec.space/tags/USD" class="mention hashtag" rel="nofollow noopener" target="_blank">#USD</a> and not just <a href="https://infosec.space/tags/Euro" class="mention hashtag" rel="nofollow noopener" target="_blank">#Euro</a> and would happily sell me a Cheeseburger for a $5 note just as with a €5 note ( they only exchanged in Euro but that's beyond the point).</li></ul>The reason why I can't even buy fries with 5.000 KPW [North Korean Won] has nothing to do with North Korea, but entirely with the fact that noone wants that money.<ul><li>And that fungibility is why the <a href="https://infosec.space/tags/USD" class="mention hashtag" rel="nofollow noopener" target="_blank">#USD</a> is even relevant and why the <a href="https://infosec.space/tags/Euro" class="mention hashtag" rel="nofollow noopener" target="_blank">#Euro</a> is stable: Because you can actualy buy shit with it.</li></ul> <a href="https://infosec.space/tags/Gold" class="mention hashtag" rel="nofollow noopener" target="_blank">#Gold</a>, <a href="https://infosec.space/tags/Silver" class="mention hashtag" rel="nofollow noopener" target="_blank">#Silver</a>, <a href="https://infosec.space/tags/Platinum" class="mention hashtag" rel="nofollow noopener" target="_blank">#Platinum</a> and even <a href="https://infosec.space/tags/Copper" class="mention hashtag" rel="nofollow noopener" target="_blank">#Copper</a> are not only inconvenient beyond small sums because they weight a lot but because their value sometimes fluctuates harder than <a href="https://infosec.space/tags/Monero" class="mention hashtag" rel="nofollow noopener" target="_blank">#Monero</a> and with the exception of Copper there had been Mass <a href="https://infosec.space/tags/Confiscations" class="mention hashtag" rel="nofollow noopener" target="_blank">#Confiscations</a> aka. state-based <a href="https://infosec.space/tags/theft" class="mention hashtag" rel="nofollow noopener" target="_blank">#theft</a> of these per law.<ul><li>Therefore it's absurd to think that any metal- or other commodity-based currency could be established that would see actual use-case beyond being an expensive <a href="https://infosec.space/tags/Shitcoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#Shitcoin</a> aka. <a href="https://infosec.space/tags/SecuritiesFraud" class="mention hashtag" rel="nofollow noopener" target="_blank">#SecuritiesFraud</a>-based <a href="https://infosec.space/tags/Scam" class="mention hashtag" rel="nofollow noopener" target="_blank">#Scam</a>. </li><li>The only reason <a href="https://infosec.space/tags/Bitcoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#Bitcoin</a> has any value is because <a href="https://infosec.space/tags/Billionaires" class="mention hashtag" rel="nofollow noopener" target="_blank">#Billionaires</a> and <a href="https://infosec.space/tags/Oligarchs" class="mention hashtag" rel="nofollow noopener" target="_blank">#Oligarchs</a> use it to commit <a href="https://infosec.space/tags/TaxFraud" class="mention hashtag" rel="nofollow noopener" target="_blank">#TaxFraud</a> and <a href="https://infosec.space/tags/CapitalFlight" class="mention hashtag" rel="nofollow noopener" target="_blank">#CapitalFlight</a> in order to have an <a href="https://infosec.space/tags/ExitStrategy" class="mention hashtag" rel="nofollow noopener" target="_blank">#ExitStrategy</a> left if or rather when their <a href="https://infosec.space/tags/Oligarchy" class="mention hashtag" rel="nofollow noopener" target="_blank">#Oligarchy</a> - regardless if <a href="https://infosec.space/tags/Russia" class="mention hashtag" rel="nofollow noopener" target="_blank">#Russia</a>, "P.R." <a href="https://infosec.space/tags/China" class="mention hashtag" rel="nofollow noopener" target="_blank">#China</a>, <a href="https://infosec.space/tags/UK" class="mention hashtag" rel="nofollow noopener" target="_blank">#UK</a> or <a href="https://infosec.space/tags/USA" class="mention hashtag" rel="nofollow noopener" target="_blank">#USA</a> implodes to buy themselves in elsewhere as "<a href="https://infosec.space/tags/EconomicRefugees" class="mention hashtag" rel="nofollow noopener" target="_blank">#EconomicRefugees</a>" or rather <a href="https://infosec.space/tags/fugitives" class="mention hashtag" rel="nofollow noopener" target="_blank">#fugitives</a> in a juristiction that doesn't extradite them for their *"<a href="https://infosec.space/tags/WhiteCollarCrime" class="mention hashtag" rel="nofollow noopener" target="_blank">#WhiteCollarCrime</a>".</li><li>The only reason <a href="https://infosec.space/tags/Ethereum" class="mention hashtag" rel="nofollow noopener" target="_blank">#Ethereum</a> has any value is because it's the more "accessible" alternative to Bitcoin so mere <a href="https://infosec.space/tags/Millionaires" class="mention hashtag" rel="nofollow noopener" target="_blank">#Millionaires</a> can afford similar "<a href="https://infosec.space/tags/AssetProtection" class="mention hashtag" rel="nofollow noopener" target="_blank">#AssetProtection</a>" strategies ...</li><li><a href="https://infosec.space/tags/Monero" class="mention hashtag" rel="nofollow noopener" target="_blank">#Monero</a> derives it's value not by having <a href="https://infosec.space/tags/Billions" class="mention hashtag" rel="nofollow noopener" target="_blank">#Billions</a> in on-paper-value locked in but entirely upon it's <a href="https://infosec.space/tags/fungibility" class="mention hashtag" rel="nofollow noopener" target="_blank">#fungibility</a> and speed as a <a href="https://infosec.space/tags/PaymentSystem" class="mention hashtag" rel="nofollow noopener" target="_blank">#PaymentSystem</a>, beating <a href="https://infosec.space/tags/Hawala" class="mention hashtag" rel="nofollow noopener" target="_blank">#Hawala</a> and <a href="https://infosec.space/tags/MoneyTransfer" class="mention hashtag" rel="nofollow noopener" target="_blank">#MoneyTransfer</a> providers by so wide margins that it feels like <a href="https://infosec.space/tags/US" class="mention hashtag" rel="nofollow noopener" target="_blank">#US</a>-style <a href="https://infosec.space/tags/ACH" class="mention hashtag" rel="nofollow noopener" target="_blank">#ACH</a> Money Transfers getting steamrolled by <a href="https://infosec.space/tags/SEPA" class="mention hashtag" rel="nofollow noopener" target="_blank">#SEPA</a> <a href="https://infosec.space/tags/WireTransfer" class="mention hashtag" rel="nofollow noopener" target="_blank">#WireTransfer</a>: They ain't even in the same millenium!</li></ul> So if you want to sell me on some <a href="https://infosec.space/tags/RareMetal" class="mention hashtag" rel="nofollow noopener" target="_blank">#RareMetal</a> <a href="https://infosec.space/tags/investment" class="mention hashtag" rel="nofollow noopener" target="_blank">#investment</a> scheme: Please fuck off!If not, disregard the last sentence...Thanks.

Kevin Karhan :verified:<a href="https://possum.city/@mook" class="u-url mention" rel="nofollow noopener" target="_blank">@mook</a> depends on how you define it.<a href="https://infosec.space/tags/Monero" class="mention hashtag" rel="nofollow noopener" target="_blank">#Monero</a> works as a payment system - it doesn't replace <a href="https://infosec.space/tags/SWIFT" class="mention hashtag" rel="nofollow noopener" target="_blank">#SWIFT</a> but it's transaction volume exceeds <a href="https://infosec.space/tags/ALBA" class="mention hashtag" rel="nofollow noopener" target="_blank">#ALBA</a> & <a href="https://infosec.space/tags/TransferRoubles" class="mention hashtag" rel="nofollow noopener" target="_blank">#TransferRoubles</a> by a long shot...All the other <a href="https://infosec.space/tags/Shitcoins" class="mention hashtag" rel="nofollow noopener" target="_blank">#Shitcoins</a> mostly exist as vessels for <a href="https://infosec.space/tags/Billionaires" class="mention hashtag" rel="nofollow noopener" target="_blank">#Billionaires</a> amd <a href="https://infosec.space/tags/Millionaires" class="mention hashtag" rel="nofollow noopener" target="_blank">#Millionaires</a> to commit <a href="https://infosec.space/tags/CapitalFlight" class="mention hashtag" rel="nofollow noopener" target="_blank">#CapitalFlight</a> and <a href="https://infosec.space/tags/TaxFraud" class="mention hashtag" rel="nofollow noopener" target="_blank">#TaxFraud</a> if not all the regular <a href="https://infosec.space/tags/fraud" class="mention hashtag" rel="nofollow noopener" target="_blank">#fraud</a> schemes like <a href="https://infosec.space/tags/Ponzi" class="mention hashtag" rel="nofollow noopener" target="_blank">#Ponzi</a> and <a href="https://infosec.space/tags/ExitScam" class="mention hashtag" rel="nofollow noopener" target="_blank">#ExitScam</a>|s and <a href="https://infosec.space/tags/Rugpulls" class="mention hashtag" rel="nofollow noopener" target="_blank">#Rugpulls</a>...

Kenny KravitzBuh-bye. <a href="https://www.theguardian.com/commentisfree/article/2024/jun/21/britain-millionaires-leave-tax-havens-uk" rel="nofollow noopener" translate="no" target="_blank">https://www.theguardian.com/commentisfree/article/2024/jun/21/britain-millionaires-leave-tax-havens-uk</a><a href="https://mindly.social/tags/UKPol" class="mention hashtag" rel="nofollow noopener" target="_blank">#UKPol</a> <a href="https://mindly.social/tags/GeneralElectionUK" class="mention hashtag" rel="nofollow noopener" target="_blank">#GeneralElectionUK</a> <a href="https://mindly.social/tags/CapitalFlight" class="mention hashtag" rel="nofollow noopener" target="_blank">#CapitalFlight</a> <a href="https://mindly.social/tags/OffYouFuck" class="mention hashtag" rel="nofollow noopener" target="_blank">#OffYouFuck</a> <a href="https://mindly.social/tags/BuhBye" class="mention hashtag" rel="nofollow noopener" target="_blank">#BuhBye</a>

Kevin Karhan :verified:Hot take, Cryptocurrencies, Journalism, EpicFail

Kevin Karhan :verified:<a href="https://mastodon.online/@blair_fix" class="u-url mention" rel="nofollow noopener" target="_blank">@blair_fix</a> still, I think <a href="https://infosec.space/tags/Bitcoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#Bitcoin</a> and <a href="https://infosec.space/tags/Ethereum" class="mention hashtag" rel="nofollow noopener" target="_blank">#Ethereum</a> - like all <a href="https://infosec.space/tags/Shitcoins" class="mention hashtag" rel="nofollow noopener" target="_blank">#Shitcoins</a> - are just <a href="https://infosec.space/tags/Scams" class="mention hashtag" rel="nofollow noopener" target="_blank">#Scams</a> and only work for <a href="https://infosec.space/tags/MoneyLaundering" class="mention hashtag" rel="nofollow noopener" target="_blank">#MoneyLaundering</a> and <a href="https://infosec.space/tags/CapitalFlight" class="mention hashtag" rel="nofollow noopener" target="_blank">#CapitalFlight</a>.<a href="https://infosec.space/tags/Monero" class="mention hashtag" rel="nofollow noopener" target="_blank">#Monero</a> at least works as <a href="https://infosec.space/tags/payment" class="mention hashtag" rel="nofollow noopener" target="_blank">#payment</a> system...Not to mention the <a href="https://infosec.space/tags/US" class="mention hashtag" rel="nofollow noopener" target="_blank">#US</a>-centrism in <a href="https://infosec.space/tags/finance" class="mention hashtag" rel="nofollow noopener" target="_blank">#finance</a> has it's own problem...

202211241052<a href="https://social.tchncs.de/@kkarhan" class="u-url mention" rel="nofollow noopener" target="_blank">@kkarhan</a> <a href="https://mstdn.ca/@jd" class="u-url mention" rel="nofollow noopener" target="_blank">@jd</a> is <a href="https://infosec.exchange/tags/capitalflight" class="mention hashtag" rel="nofollow noopener" target="_blank">#capitalflight</a> a bad thing? I think not. If I have savings that are at risk within a jurisdiction it is in my best interest to protect those savings. If that means participating is what could be a detrimental shift in the economics of said jurisdiction I will be a bit sad but not enough to sacrifice my assets.

Kevin Karhan :verified:@dsfgs@mastodon.sdf.org <a href="https://social.jonaskoeritz.de/@jonas" class="u-url mention">@jonas</a> <a href="https://mastodon.de/@ErikUden" class="u-url mention">@ErikUden</a> You can see that <a href="https://mstdn.social/tags/Bitcoin" class="mention hashtag" rel="tag">#Bitcoin</a> :bitcoin: doesn't scale by the sheer fact that it's glacial transaction times make it utterly useless as a means of payment. That's why noone except <a href="https://mstdn.social/tags/CryptoBros" class="mention hashtag" rel="tag">#CryptoBros</a> and <a href="https://mstdn.social/tags/Oligarchs" class="mention hashtag" rel="tag">#Oligarchs</a> committing <a href="https://mstdn.social/tags/TaxFraught" class="mention hashtag" rel="tag">#TaxFraught</a> and <a href="https://mstdn.social/tags/CapitalFlight" class="mention hashtag" rel="tag">#CapitalFlight</a> use it.Bitcoin's liquidity is nonexistant and it's value is solely based upon rich assholes hoarding it and <a href="https://mstdn.social/tags/TechIlliterates" class="mention hashtag" rel="tag">#TechIlliterates</a> buying it for more than it's worth, which should be 0!<a href="https://www.youtube.com/watch?v=YQ_xWvX1n9g&t=432s" target="_blank" rel="nofollow noopener" translate="no">https://www.youtube.com/watch?v=YQ_xWvX1n9g&t=432s</a>

Norobiik @Norobiik@noc.socialThe many weaknesses in the Russian economy nonetheless remain apparent. <a href="https://noc.social/tags/GDP" class="mention hashtag" rel="nofollow noopener" target="_blank">#GDP</a> has not grown above pre-2014 levels because of Western financial sanctions and its odious <a href="https://noc.social/tags/kleptocracy" class="mention hashtag" rel="nofollow noopener" target="_blank">#kleptocracy</a>. It is not very stable. The exchange rate of the <a href="https://noc.social/tags/ruble" class="mention hashtag" rel="nofollow noopener" target="_blank">#ruble</a> jumps like a yo-yo. The underlying reason for this is massive <a href="https://noc.social/tags/CapitalFlight" class="mention hashtag" rel="nofollow noopener" target="_blank">#CapitalFlight</a>, <a href="https://noc.social/tags/Russia" class="mention hashtag" rel="nofollow noopener" target="_blank">#Russia</a>’s exclusion from international financial markets, and its limited liquid reserves. <a href="https://noc.social/tags/Ukraine" class="mention hashtag" rel="nofollow noopener" target="_blank">#Ukraine</a> <a href="https://noc.social/tags/UkraineWar" class="mention hashtag" rel="nofollow noopener" target="_blank">#UkraineWar</a> Why the Russian <a href="https://noc.social/tags/Economy" class="mention hashtag" rel="nofollow noopener" target="_blank">#Economy</a>’s Luck is Running Out <a href="https://www.themoscowtimes.com/2023/11/21/why-the-russian-economys-luck-is-running-out-a83165" rel="nofollow noopener" target="_blank">https://www.themoscowtimes.com/2023/11/21/why-the-russian-economys-luck-is-running-out-a83165</a>

Kevin Karhan :verified:<a href="https://mstdn.social/@WorkWithKirk" class="u-url mention">@WorkWithKirk</a> not really.<a href="https://mstdn.social/tags/Monero" class="mention hashtag" rel="tag">#Monero</a> :monero: works as <a href="https://mstdn.social/tags/Currency" class="mention hashtag" rel="tag">#Currency</a> and <a href="https://mstdn.social/tags/MoneyTransfer" class="mention hashtag" rel="tag">#MoneyTransfer</a> system, <a href="https://mstdn.social/tags/Bitcoin" class="mention hashtag" rel="tag">#Bitcoin</a> :bitcoin: and <a href="https://mstdn.social/tags/Ethereum" class="mention hashtag" rel="tag">#Ethereum</a> as <a href="https://mstdn.social/tags/CapitalFlight" class="mention hashtag" rel="tag">#CapitalFlight</a> system and <a href="https://mstdn.social/tags/NFTs" class="mention hashtag" rel="tag">#NFTs</a> are an excellent was to make money vanish / pop-up because unlike real <a href="https://mstdn.social/tags/Art" class="mention hashtag" rel="tag">#Art</a> with real <a href="https://mstdn.social/tags/Value" class="mention hashtag" rel="tag">#Value</a> by real <a href="https://mstdn.social/tags/Collectors" class="mention hashtag" rel="tag">#Collectors</a>, there's neither <a href="https://mstdn.social/tags/KYC" class="mention hashtag" rel="tag">#KYC</a> nor <a href="https://mstdn.social/tags/AML" class="mention hashtag" rel="tag">#AML</a> on <a href="https://mstdn.social/tags/OpenSea" class="mention hashtag" rel="tag">#OpenSea</a> or any other <a href="https://mstdn.social/tags/NFT" class="mention hashtag" rel="tag">#NFT</a> "<a href="https://mstdn.social/tags/Marketplace" class="mention hashtag" rel="tag">#Marketplace</a>"...

Norobiik @Norobiik@noc.social"The flight of $239 billion from <a href="https://noc.social/tags/Russia" class="mention hashtag" rel="nofollow noopener" target="_blank">#Russia</a> last year, including $13 billion in the pre-invasion month of January, was four times the amount that was pulled out of the country in 2021, according to the analysis." <a href="https://noc.social/tags/UkraineWar" class="mention hashtag" rel="nofollow noopener" target="_blank">#UkraineWar</a> Russia Loses Record $253Bln in Wartime <a href="https://noc.social/tags/CapitalFlight" class="mention hashtag" rel="nofollow noopener" target="_blank">#CapitalFlight</a> <a href="https://www.themoscowtimes.com/2023/07/24/russia-loses-record-253bln-in-wartime-capital-flight-a81948" rel="nofollow noopener" target="_blank">https://www.themoscowtimes.com/2023/07/24/russia-loses-record-253bln-in-wartime-capital-flight-a81948</a>

David SoggeThe West's policy-based <a href="https://econtwitter.net/tags/aid" class="mention hashtag" rel="nofollow noopener" target="_blank">#aid</a> for poorer lands has long triggered <a href="https://econtwitter.net/tags/capitalflight" class="mention hashtag" rel="nofollow noopener" target="_blank">#capitalflight</a> from those lands. Where to? Yup, interests in the West. Aid is a nice little earner. Giving is taking. <a href="https://academic.oup.com/ser/advance-article/doi/10.1093/ser/mwad010/7136732?login=false" rel="nofollow noopener" target="_blank">https://academic.oup.com/ser/advance-article/doi/10.1093/ser/mwad010/7136732?login=false</a>

Brian SmallThe article where I learned the key concepts capital flight and odious debt, in 1998!!<blockquote>.> The Latin American debt that reached crisis levels from 1982 would have been sharply reduced by return of flight capital — in some cases, overcome, though all figures are dubious for these secret and often illegal operations. The World Bank estimated that Venezuela’s flight capital exceeded its foreign debt by 40% in 1987.... .> A recent Council on Foreign Relations study points out that “defaults on foreign bonds by U.S. railroads in the 1890s were on the same scale as current developing country debt problems.” Britain, France and Italy defaulted on U.S. debts in the 1930s: Washington “forgave (or forgot),” the Wall Street Journal reports. After World War II, there was massive flow of capital from Europe to the United States. Cooperative controls could have kept the funds at home for postwar reconstruction, but policy makers preferred to have wealthy Europeans send their capital to New York banks, with the costs of reconstruction transferred to U.S. taxpayers.... .> When the U.S. took over Cuba 100 years ago it cancelled Cuba’s debt to Spain on the grounds that the burden was “imposed upon the people of Cuba without their consent and by force of arms.” Such debts were later called “odious debt” by legal scholarship, “not an obligation for the nation” but the “debt of the power that has incurred it,” while the creditors who “have committed a hostile act with regard to the people” can expect no payment from the victims. Rejecting a British challenge to Costa Rican laws cancelling the debt of the former dictator to the Royal Bank of Canada, the arbitrator — U.S. Supreme Court Chief Justice William Howard Taft — concluded that the Bank lent the money for no “legitimate use,” so its claim for payment “must fail.” The logic extends readily to much of today’s debt: “odious debt” with no legal or moral standing, imposed upon people without their consent, often serving to repress them and enrich their masters.</blockquote> - <a href="https://chomsky.info/19980515/" rel="nofollow noopener" target="_blank">Jubilee 2000: on ChomskyInfo</a> <a href="https://misskey.cloud/tags/NoamChomsky" rel="nofollow noopener" target="_blank">#NoamChomsky</a> <a href="https://misskey.cloud/tags/Debt" rel="nofollow noopener" target="_blank">#Debt</a> <a href="https://misskey.cloud/tags/Jubilee" rel="nofollow noopener" target="_blank">#Jubilee</a> <a href="https://misskey.cloud/tags/DropTheDebt" rel="nofollow noopener" target="_blank">#DropTheDebt</a> <a href="https://misskey.cloud/tags/Jubilee2000" rel="nofollow noopener" target="_blank">#Jubilee2000</a> <a href="https://misskey.cloud/tags/OdiousDebt" rel="nofollow noopener" target="_blank">#OdiousDebt</a> <a href="https://misskey.cloud/tags/CapitalFlight" rel="nofollow noopener" target="_blank">#CapitalFlight</a> <a href="https://misskey.cloud/tags/LendingResponsibility" rel="nofollow noopener" target="_blank">#LendingResponsibility</a>

Kevin Karhan :verified:<a href="https://yiff.life/@EeveeEuphoria" class="u-url mention">@EeveeEuphoria</a> and that's why <a href="https://mstdn.social/tags/Ethereum" class="mention hashtag" rel="tag">#Ethereum</a> is only used to scam those that don't have too much capital at hand to commit <a href="https://mstdn.social/tags/TaxFraud" class="mention hashtag" rel="tag">#TaxFraud</a> and <a href="https://mstdn.social/tags/CapitalFlight" class="mention hashtag" rel="tag">#CapitalFlight</a> using <a href="https://mstdn.social/tags/Bitcoin" class="mention hashtag" rel="tag">#Bitcoin</a>... <a href="https://mstdn.social/tags/Monero" class="mention hashtag" rel="tag">#Monero</a> for Contrast is the better <a href="https://mstdn.social/tags/PayPal" class="mention hashtag" rel="tag">#PayPal</a>: <a href="https://www.youtube.com/watch?v=H33ggs7bh8M" target="_blank" rel="nofollow noopener" translate="no">https://www.youtube.com/watch?v=H33ggs7bh8M</a>

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