Comments by "Frostie-Flake" (@PlanetFrosty) on "Peter McCormack" channel.

  1. China is not united
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  2. China’s GDP to Debt ratio is likely over 600% when affiliated central bank debt counted. There’s not enough money to fix China. Japan needs to control.
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  3. The end of Debt Economy, fiat is debt based.
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  4. Peter, Progressives lead to at the very least authoritarian exercise of power or intimately totalitarian crushing of freedom bitcoin represents. It’s a square peg in round hole. It’s been repeated the throughout history. ARE ENDORSING AUTHORITARIAN FUTURE, Peter? It’s happened over and over. Populistic movements often do the same unless they are more focused on “libertarian style” community support systems as seen in US . Historically, this mash of history doesn’t recognize the soviets were the logical outcome of progressives. Racist policy comes from progressives in the end as it emerging today.
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  5. What is largely missed, is Russia sacrificed its future. It cannot reproduce enough Russians anymore. Economically it is DOA right now! China PRC is DOA as well. With over $400 Trillion in debt and with other obligations likely upwards of $600 Trillion. It too is DOA, an illusion. Looking at fighting at the moment in Ukraine doesn’t capture that Russia will collapse at any moment. It’s over. Russian Nukes weren’t maintained. All hollow threats. China an empty shell with vast violence breaking out across the PRC for over a year. No money or jobs and population far less than reported. Totalitarians collapsing globally.
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  6. With India’s choking Politcal apparatus are de-civilizing? Communist China now the same way in societal collapse.
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  7. Bitcoin is libertarian not “progressive” (regressive socialist). It’s just another sham by progressives.
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  8. The dollar should become the like bitcoin in the US World Reserve cryptocurrency with a builtin micro transaction fee to treasury. This model builds a solid basis for price stability.
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  9. The thing the US should do is create US World Reserve Cryptocurrency and create a DiFi structure offload the Federal Reserve. I did write a white paper on it and a specific deflationary model.
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  10. China’s massive debt to GDP of now over likely between 600%—1000% not the admitted 280%. Chinese “investment” contributed to SVB collapse. US Balance Sheet will increase as CCP and Russia collapse. Russia out of any reserve in less than a year. All gold is spoken for or hypothecated derivatives in both countries.
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  11. Russia has more debt than you realize and in worse shape with more “paper gold” derivatives. China’s debt to GDP is in real terms 600%
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  12. Now, US GDP has moved from $22 Trillion to $24T to now $26T
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  13. 2008 was exactly about leverage and hypothecation of debt over and over.
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  14. What Peter missed is that Tesla success is built on manufacturing efficiency. Its balance sheet tells the story.
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  15. I’m not Muslim, but Christian with many Muslim friends. Often called “Shake” by some.
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  16. I think Jeff is very insightful, but I think the US politically will become the only way we see growth out of this mess.
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  17. Faulty reasoning on tax cuts with incentives not creating new job growth as Characterized, but Democrats block larger Job creation opportunity leading to the buy backs.
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  18. Pocahontas Lizzy the Lizard Warren is the GREAT PERPETUATOR OF TOTALITARIAN CONTROL OF MONEY!
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  19. Banning Bitcoin doesn’t understand “global populism” which bitcoin represents and the backlash against unified global governments is real and more powerful than even the Fed. Global Populism represents a unity of “bitcoin era” and freedom minded based on natural rights.
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  20. The progressive movement always ends with bigger government. That is the Achilles heel of progressives and many conservatives have their own flip side issues that don’t functionally use bitcoin.
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  21. Peter, now you need to produce a BITCOIN MUSICAL with Juneseth!😅 always entertaining.
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  22. This is not a black and white situation. I wrote a white paper on US Creating a True Cryptocurrency US World Reserve Crypto. In 1996 as director of development I was charged with creating the UN Trade Point system which had “crypto like” elements. In 1999 we created as CTO of a Telecom Manufacturer we created a blockchain like transaction and settlement system for local exchange in a converged communication infrastructure. We created a communications blockchain comms infrastructure pulling it all together written structured in 2013. More capital will be created and the little guy will rise in this new environment Government will have to serve citizens its customers not dominate them.
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  23. Neural link is partly bs
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  24. Leftism has become nearly totalitarian as it seeks to keep rent seeking political institutions in place which are oppressive, controlling and anti-freedom. That’s its direction AND the direction of many RIGHT NUTTERS.
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  25. Republicans are more supportive of Ukraine than you realize. It’s not a culture war it’s carefully crafted Russian Propaganda targeting both left and right.
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  26. Very good discussion and clear concise focus on accounting basis of immutable property rights and Freedom. This is clearly a world changing move, but “totalitarian blockchains” are causing confusion.
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  27. China is worse its worse they’re at 400-600% GDP its nuts! There’s no way to really fix China!
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  28. Bitcoin is network technically incomplete, not just knowledge incomplete. This is what my mission is to complete physical structural network(decentralizing the Internet), Internet technical “trust busting” which the IETF has totally failed on because the network “poison pills” against centralization are being attacked by Google, Apple and OTHER Totalitarians. Both State and Corporate totalitarians are Bitcoin’s enemy-Federal Reserve, China, US Deep State, EU and ECB, BIS and so on...important “no leader, no we...”
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  29. 4burning? In reality, there’s too much you’re putting conspiracy theories, dot connecting with imaginary clouds, lizard people and nonsense. As a Reformation Era Historian well connected in US History this simplistic model is more ideology than historical trend. Elements of truth are simply contorted to fit an ideological assumption which undermines Bitcoin. It gets bitcoiners labeled as nutters not rational thinkers. These topics are about wide lake an inch deep with too much contortionist nonsense.
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  30. Peter is Boomer?
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  31. Free Banking brings up another point that was brought up with El Salvador. Free Banking becomes more stable and reasonable with public blockchain proof of reserves which is verifiable with liabilities verifiable. Trusting the code ends the Fed and central banks. I wrote a paper on US acting responsibly and creating US World Reserve Cryptocurrency based in part on bitcoin code and US asset valuation. This could work with bitcoin and a way to end central banks and manipulation.
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  32. The moral framework of bitcoin and dealing fiat create values conflict because tether is a use exchanging fiat for bitcoin as a bridge.
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  33. What Doomberg misses is bitcoin as the secure digital bearer instrument globally. My company is working on global routing and increased fiber onion optic capacity. He’s also wrong on China because its debt to GDP was in fact 600%. Its accumulated more debt than the rest of the world combined and non productive industries. It’s a giant Ponzi just like FTX.
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  34. This is flawed argument in that BIG SERVERS and STORAGE has an energy footprint.
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  35. Bedford overrun with carrots!
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  36. Bitcoin is about property rights and ordinals extend property rights. Deeds, titles and secure human history as it happens. Money secures our story, our history bitcoin secured it without government intervention.
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  37. This is a sales job “it’s not exact with in 5 years or so...” then you have the pendulum, humm🤔
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  38. Partisan character comes from the deconstructing of the left which was smoothly integrated into all news. It’s hypocritical to say the least when more alternative, even crazy views pop up. The violent hate has come from the left. BLM, ATIFA and more created both verbal and actual violence. The Marxist admission of BLM and Democrat MOU with Communist Party USA and its affiliates set the stage. Now I don’t support bombastic hyperbole, but the progressive democrats and DNC embraced CCP and Russian funded groups. The power grab has enveloped both parties.
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  39. My company might as well be called the inventor of VoIP since we created a complete converged communication replacement of traditional switching. Managed the entire service to the consumer demarcation.
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