Re Search

Blog Post

 

Central Bank Digital Currency

Rand Corp. is doing a series of research studies for FEDGOV/FEDRES on the captioned topic, and the results are fascinating, at least to me. (more here)

Research questions:

** What are the national security implications of international CBDC developments and a potential U.S. CBDC?

** How might the more advanced stage of China’s CBDC project benefit China?

** How might decisions regarding the international governance of CBDCs affect U.S. national power?

** How might the design choices of a U.S. CBDC affect its capabilities as an instrument of national power?

Don’t get me wrong. I think that the questions are worth asking. The research is worth the effort. The problem with much of it is that the cause and effect are not and will not be adequately studied out of political correctness.

In a United States where President Donald Trump is being “legally” kept from running for office by the Deep State and their actors, how are the American people to trust that the same government won’t dispossess them with the flip of a switch (literally) if they don’t do something – say vote for Pedo Jo & Ho? Sure, Jo/Ho received 81 million digital votes…

The implications of making fiat currency illegal and shifting to US Central Bank Digital Currency would push half of the country into a type of black market digital currency (what’s in your digital wallet) overnight.  The problem is one of “value.” Even Rand, with the smart people there (I have friends there) who study things, might be overlooking the non-woke side of the equation. I’m not taking shots at you folks at Rand, but cast a wide net when you’re looking at the country because fly-over country has just about zero trust in the Federal Government.

The “red” does not trust USGOV. Much of the blue that is Indian reservations don’t trust USGOV either (with great cause). Currency value is a reflection of trust.

 

  In Search  

A Sequential Fictional Short

 Part 1 

 

Part 2
Part 3

 

In search of material for my dissertation, I combed the surface of planet Calpamos in the Zeta II Reticuli system. Calpamos was once home to a human civilization separated from Earth by a civil war. Once parted, they remained apart for nearly five thousand years. The Calpmopians (our word for them) were not one unified people but became many. The nature of man is to balkanize, if I may use an ancient term to express that separation of empires that fragment from within. It’s a term familiar to you, yes?

The gargantuan windswept city of Jor, once home to millions, had been laid waste by a plague. That is not speculation on my part. It’s a historical fact. Whether the genesis of the disease resulted from research into things best left alone, some naturally occurring mutation, or an attack from another spacefaring society is one of the points of interest that led to funding by the Matosky Institute. The grant was sufficient, but it only covered me, a small ship crewed by two android assistants, and adequate supplies to allow me to remain on the surface for two Calpamos years. I’m not complaining, but I had no illusion that I could do more than scratch the surface. Fortunately, the planet’s nearly perfectly circular rotation around Zeta II Reticuli meant that the weather in Jor would be favorable. The bulk superrotating atmosphere present meant that I wouldn’t spend days huddling in my ship to keep from freezing or baking. I expect that had much to do with Jor’s success as a social and industrial hub.

Not forty days into my excursion into the city’s ruins, I encountered a power source. They are not as rare on Jor as the academic community would have you believe. Significant tomb raiding occurred in Jor and on the planet possibly thousands of years ago. Power sources led the ‘archeologists’ to crypts containing the remains of long-dead emperors. I have no idea why they arrived and just as suddenly departed. This took place many centuries ago. I had to cut the door open with a plasma cutter, and as I did it, I thought that I had become a tomb raider myself. At the same time, if I returned to the Matoskey Institute without something to show for my efforts, they’d be disinclined to dole out another research grant. Expedience rules the day.

I could hardly put a marker beacon on the tomb, depart, and leave it for others at some distant date.

Prying open the door to the chamber, I broke the atmospheric seal the creators put in place. The atmosphere that pushed past me had the faint scent of lilacs and reminded me of home. Accounts from others who entered tombs on Jor were similar and not similar. The narco-psychogenic preservative in the atmosphere of crypts was put in place to lull the unwary with nostalgia. Lilacs were not native to Jor. The crypt’s interior was a uniform white, much like being inside a giant egg must be, and the sides were curved–again, like an eggshell. In the center, a rose gold pedestal rose from the bottom of the crypt and supported a woman who stood encased in crystal, perfectly preserved and perched on the pedestal.

continued

The Sultans of Swing

 

Bullet Points:

** “The purpose of war is to support your government’s decisions forcefully. The purpose is never to kill the enemy, just to kill him…but to make him do what you want him to do. Not killing…but controlled and purposeful violence. But it’s not your business or mine to decide the purpose of the control. It’s never a soldier’s business to decide when, where, or how—or why—he fights; that belongs to the statesmen and the generals. The statesmen decide why and how much; the generals take it from there and tell us where, when, and how. We supply the violence; other people—‘older and wiser heads,’ as they say—supply the control. Which is as it should be.” – Robt. Heinlein, Starship Troopers

** NYT reported Russia arrested a dual citizenship (Russian and American) ballerina for treason for giving $50 to Ukraine.

That’s the trouble with dual citizenship: you double your chances of being accused of treason. If she were a lesbian who played basketball, Pedo Joe and the Biden Regime would care.

** It’s not illegal if you’re black, is it? (Mail) “Mississippi cop is arrested for shoplifting in UNIFORM after being ‘caught stealing $140 pair of shoes from a Dick’s Sporting Goods.’”

DEI hire.

After being taken to jail in her own cruiser, Conner was then booked into the Lowndes County Adult Detention Center.

Conner was given a $862 surety bond and placed on administrative leave as the investigation continues.

 

Identify the Aircraft

The ID is too easy, but it is a cool airplane.

 

29 thoughts on “Re Search

      1. The Biden Regime is pushing it and they are claiming that it’s needed to counter China. That’s the claim. I don’t see how that could be legitimate given what I know of things, but Jo/Ho want it and that should be good enough for the people in fly-over country (including you, EdB).

  1. CBDC would never get used to shut down employers whose employees protest the wrong things. The Canadians did that without one. Imagine what your government’s DEI hire(s) will do to your business. Or the EU do to companies operating there that don’t follow the “rules” of the rules based order. We could go on…. No one in government nor their H1B visa holding IT employees would just make a list and check it twice when they got back to their home country and make you pay….

  2. Dire Straits.

    Like that scene in The Jerk where Navin (Steve Martin) is in bed when he hears music on the radio and has to move his foot to the rhythm, I can NOT ignore “Sultans of Swing.” Back in ’15, Mark Knopfler came to our little city and played at the junior college. Naturally, we had to go.

  3. CBDC… I saw a homeless guy asking for money yesterday at a traffic light. He was totally coherent but bad hips and knees, real trouble walking with two canes. Gave him a couple bucks. With CBDC.. guess He’ll be SOL, maybe hand him some food? The lack of legal tender does not bode well in many ways. Church passing of the offering plate, buying stuff in front of stores from kids groups, lemonaid stands and on it goes.

    The short stories continue to be good. The smooth flow of words and thoughts make for good reading. Well done. I’d like more of it to read. Perhaps a few short stories, then bundle into an anthology of fiction.

    1. I don’t think the Federal Reserve concerns itself with alms to the homeless or lemonade stands. And if you want to pay a church, drop your debit card into the slot…

      The shorts are the shorts. I’m having enough problems with the blog software to either start a new one with a new domain name or walk away. At the moment, it’s exceptionally frustrating. At the moment, I’m unable to upload graphics. Writing a short takes me somewhere between half an hour and an hour. There is minimal effort involved so long as readers find some pleasure in them.

      As I’ve explained before, other people are involved in hosting, and cutting them out of it means starting over from scratch. If I start over, I’ll try to leave some sort of redirect for people who have enjoyed this blog.

      1. I am one of the pee-pul who enjoy this contraption and would contribute financially to support it and a method to do so were made available.

        I know you ain’t askin’ but I’m just sayin’.

  4. Hmm !
    “No State shall … make any Thing but gold and silver Coin a Tender in Payment of Debts…”
    Does Article 1 Section 10 of the U.S. Constitution authorize the individual states to allow personal finanacial transactions in gold and silver; such as going to the butchershop and paying for a pound of chopped chuck in marked silver? Or am I misreading this entirely? Who would set the value for an Ag ounce, an Au gram?

    1. I don’t think that FedGov concerns itself with law or the Constitution anymore unless they want to use it as a hammer on a citizen. They do what they will and dare you to fight their judiciary.

  5. Being lazy, I pay for almost everything with a debit card and rarely have more than $50 in cash. Probably another $50 in the coin jar with the bulk being quarters. Two twenties in the cell phone protector and $10 in quarters stashed in the car. The internet goes down and I’m screwed. So are most people. How many cash registers will work if the internet is down? How many cashiers can make change?

    There were three X class solar flares recently. Coincidentally, my three different GPS’s went bonkers.

    Trust the Federal Government? Stopped that somewhere around 1970.

    1. I usually have about $1K in banknotes in my wallet to settle debts public and private in addition to digital money/cards. I expect that FedGov will want us all to have card readers on our cell phones to that if I owe you $5.00 for something, I can swipe my card on your reader, tax will be deducted, etc. It’s a brave new world.

      1. If FedGov/FedRes eliminates banknotes and US coins, that trade tokens will come in to use where we use silver coins or something – maybe fractional bitcoin – nobody knows what it will look like. It will take FedGov/StateGov’s tax collectors and armed agents to stamp out that sort of reach-around. In short, they’ll break their own system.

  6. I mostly pay for things with a debit card or credit card that is paid off every month. If I don’t want the purchase to be as traceable I pay cash and probably carry more with me than I should, just in case.

    Digital currency will certainly increase the use of the barter system and, to be honest, I barter when I can. Hope it never comes into effect but expect it will since the uneducated masses will think it is so “convenient”.

    Dire Straits. Great group, good music.

  7. >implications of making fiat currency illegal and shifting to US Central Bank Digital Currency

    That seems to imply that CBDC would be distinct from fiat currency. How so? It seems to me that CBDC would be the Platonic Ideal of fiat money. (The heat from friction generated by the gleeful handrubbing over the very thought of CBDC is probably a larger contribution to global warmening than cow farts. I’d suggest that the heat would be enough to melt their cold, cold hearts, but the finance vampires don’t have hearts.)

    As for today, while we still are permitted our little pieces of paper, nearly everyone I know pays for everything with some sort of electronic transaction. I rarely carry around a thousand, but I usually have several hundred on me, and am considered HIGHLY eccentric for that habit. BTW, has anyone else experienced shops, restaurants, what-have-you with “network down, cash only; sorry for the inconvenience” signs? I feel that I am seeing that more frequently the last few months. And I don;t think it’s a scam because they are losing a lot more sales than they’d claw back by avoiding the VISA transaction fees.

    1. They also have digital tips at the cash registers where you’re expected to spend more money for them doing what they’re already supposed to do. The waitstaff is a different issue. If they hustle, I reward them generously. They prefer cash tips, which I give.

      The more woke an area is, the more likely they’ll accept only plastic – or so it seems to me.

      1. Recently two of us took our group out for a nice steak dinner to celebrate two birthdays, 26 yo & 74 yo. Local restaurant MrsPaulM and I had not tried yet took the reservation for 10 as I gave them the particulars. When we arrived they had set us off to the side with a large round table and one of their better waitresses who was clearly a student. Suffice it to say she was exceptional as was the food. The Bill was very reasonable so gave her a very large cash tip above my normal 20% for good service…because…1) she was easily worth it…and 2) the entire meal experience was exceptional without breaking the bank, especially in this economic climate.

        After the bill was paid took her aside to personally thank her and give the cash tip directly. Grateful does not come close to expressing the look on her face. Like I say, worth it…and waitstaff know that cash is still king, certainly better than the credit card companies skimming off the top of rewarding excellent service.

    2. I have only run into one or two places where cash was not accepted; guess I am lucky living out in the sticks like I do. I do only tip in cash and try to hand it directly to the waitress/waiter for a good job whenever possible.

      Tips at checkouts. Nope, not ever.

  8. Used to be How can you tell a single guy vs. a married one? He always has $50 in his wallet.. Now it’s cash on a an App which is what guys use.

  9. If I remember correctly, something between 300M and 1B pesetas were ‘turned in’ from the Spanish underground economy in 2002, when they went to the Euro. That was almost equal to the ‘legal’ money that came out of the regular economy!

  10. Ever since the Feds instituted income tax, and states a sales tax, they have noticed that there is a divergence between economic numbers and taxes. The higher the tax rates got, the bigger the difference. Last I saw any info on the situation, the estimate was the untaxed economy ran about 3x the documented one. The bureaucrats have been drooling over that untaxed wealth, and scheming to figure out ways to get it properly taxed. The digital dollar is expected to bring in LOTS of tax money, since all transactions will be documented.

    What they ignore is the drivers for the situation. Income taxes are always a sliding scale, with the intent to penalize those who work harder or longer to increase their income. (That taxing mentality is really f’n stupid.) I suspect that most of that extra effort, that requires avoiding the tax to make it worthwhile, will stop. These idiots, as is typical of politicians and bureaucrats, have no sense of what unintended consequences occur when they do stupid things as part of their jobs. The actual economy will tank as a result. The gray economy is what keeps things working, in spite of what the tax rates do to the public. It’s a house of cards without the grey economy to prop it up.

    IIRC, the original income tax was 1%. It was suggested that they set the max at 3%, but the responses were that it would never get that high, so why bother?

  11. > What are the national security implications of […] a potential U.S. CBDC?

    If the answer isn’t “a Soviet level of surveillance will produce a Soviet level of genocide” then whichever organization is saying it is a front for a Bond villain. Back in the 1990’s Kerry proposed the idea of green dollars outside the US and red dollars inside, to produce the same difficult-to-escape-with-your-wealth effect the Soviets did with the ruble.

    > fly-over country has just about zero trust in the Federal Government.

    I claim that trust is far less relevant than obedience. If people are willing to load themselves onto boxcars or submit to a currency tracking system, then it doesn’t matter how they feel about it. I claim flyover is whining like a dog that’s not happy with how it’s being treated, but biting or disobeying is not being considered as an option.

    > It’s never a soldier’s business to decide when, where, or how — or why — he fights; that belongs to the statesmen and the generals.

    In one of the Shakespeare Henry plays, a soldier explains how, if he obeys the king precisely, then all of the moral consequences for his actions are transferred to the king. As calculus shows, if you divide moral culpability into arbitrarily small pieces, then the sum of all those pieces becomes arbitrarily small too. That’s why you can vote for communism and not be accountable. So apparently the moral problem with the 20th century genocides was the governments weren’t broken into enough little departments; the voters’ decision to kill a fraction of themselves was just hunky-dory.

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