Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
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
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

Occasional Series