Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Firstly, as for control, the PTB have lost it because the Internet routes around them.

They will simply wither on the vine as people consensually adopt:

(a) Peer to Asset investment and currencies based upon prepaid use value of productive assets held in common; and

(b) Peer to Peer credit creation and clearing - within a mutual framework of trust (and which is nothing whatever to do with Peer to Peer interest-bearing fiat currency debt).

Not only is there nothing the PTB can do to stop this, is it actually in their interests to dis-intermediate. Public sector/state intermediaries minimise tax, while private sector intermediaries minimise finance capital,

This transition is a reality: the whole point of the >$3 trillion Exchange Traded Fund etc industry is that the market risk is not with the middleman, but with the investor.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Sat Feb 16th, 2013 at 07:25:18 PM EST
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