Comments by "David Himmelsbach" (@davidhimmelsbach557) on "Not What You Think" channel.

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  7.  @feliscorax  You're close, but no cigar. The US dollar and British pound are ALREADY digital currencies. Bitcoin is actually totally retro. It's an attempt to bring back gold or silver specie as real money -- only now shifting everything into cyberspace. Bitcoin -- in intent -- is EXATLY like gold. The mounting electrical cost of its block-chain computations mates PERFECTLY with declining ore quality as ever more gold is extracted. In both cases, the tempo of production is hugely determined by the cost of energy. It's ironic. Bitcoin advocates don't comprehend that it is gold -- revisited. Its essence being that you can't just crank out Bitcoin. You just can't crank out gold. You can 'mint' digital pounds and dollars and yen and yuan to suit the powers that be. Bitcoin = tulips. It's an ultra-fad, but still a fad. Since it can NEVER attract sovereign support, it must rely upon fad and emotion. Check out the price action of Dutch tulips back in the day. No nation -- EVER -- rose to eminence on the gold standard. Every Empire ran on SILVER, which is why Argent is the name of money AND silver in so many languages and lands. London shifted to gold to wrong-foot Paris. That happened in the echo of Napoleon. Decades later, America adopted London's gold standard. Her gold strikes finally permitted her to join that club. { Until 1853 -- ANY specie was legal tender in America. This legislation occurred only four years after Polk announced "California gold." [ His last Big Speech. It traveled the nation by telegraph, a first.] } My final point: Reserve Currencies are established by NAVIES not Armies -- Because international trade is by ship -- the stuff you REALLY need is typically across the ocean -- not just across the border to the nation next-door. (Think major commodities -- not manufactures -- the latter are items that most mercantilists wish never entered their borders.)
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  10.  @ayymao1017  You live an alternate history. Gaddaffy threatened the solvency of London and Paris. THAT'S what triggered their war declarations. The USA was dragged in via its NATO obligations. Gaddaffy's crazed blabber about gold didn't raise an eyebrow. BTW, over the years most oil exporters have rambled on about getting paid in gold. The problem is that no counter-parties want the oil exporter to pay THEM in gold. It's a hassle. They want SWIFT payments -- every time. The Petro Dollar is a MYTH. What's keeping the US dollar as International Money is the DoD and especially its navy. This entire system was set up in 1944 at Bretton Woods. Boy, do you ever need to study up. We live in a time of fiat -- globally. There is no nation-state that issues a gold-backed currency. Indeed, no nation-state issues anything that backs their currency -- other than the US dollar. Yeah, that's the system. It's so extreme that Liberia and Panama don't even print their currencies. They just use the stuff printed by the USA. Consequently, those nations NEVER have a currency crisis. Other nations merely peg their currency to the US dollar. Hong Kong operated that way -- right up until the CCP crushed Hong Kong. Now, no-one knows what the Hong Kong currency even means. ALL currencies trade versus their US dollar price. They don't trade versus each other in a direct manner. When the market closes, traders don't want any non-hard currency assets in their accounts. Only US dollar, Euro, Yen and SDRs are to be held -- in size -- overnight. That's the system. You might note that the yuan is not in the list.
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  20.  @andypozuelos1204  FYI, one of the reasons US weapons programs are so expensive is that -- behind the scenes -- tooling is purchased and put in mothballs so that production can be wildly ramped up should things really go wrong. You might read up on "Rainbow 5." This was the most important document of its time. It consisted of an ultra-secret internal appraisal of how rapidly the War Department and Navy Department could ramp up production so as to respond to war needs. It was BLEAK, particularly WRT aircraft. The Luftwaffe was deemed to have a virtually insurmountable lead. So, FDR leaked it -- via Hap Arnold -- using his personal aide. Hoover was tasked with finding out how such a secret got out. It took him about two-months to finally trace it back to Hap Arnold's personal aide. Hoover then entirely wrapped up his investigation for he knew that the leaker was FDR, himself. FDR leaked Rainbow 5 precisely to induce Adolf to declare war on the US. Most modern readers STILL don't know why Hitler thought he could get away with declaring war -- the leak was why. FDR roped the dope. After Adolf declared war, 12-11-41, the American production miracle started. Items that were assumed to be 18-months out proved to be in hand in only four-months. The impossible stuff arrived 13-months out -- and so forth. When Foreign Armies West laid out American production numbers to his inner circle, Hitler had him shot on the spot -- for demoralizing his HQ. (And himself.) After WWII, the Pentagon has made sure to make ramping up to hot war production even quicker than WWII. At the top of the list; the Pentagon has established a permanent stash of fundamental materials -- namely the metals, oil in massive amounts, even rare earths -- which are metals, also. Red China is going down the same path, too. The CCP has built truly massive crude oil tank farms around its refineries. And so forth.
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  21.  @mustangsally5426  Not really. There was a super-secret merger between Britain and the USA because of ULTRA and Magic -- and because the British GCHQ and NSA's predecessors were reading each other's mail. It got so out of hand -- as each power was using tremendous resources (genius level talent) to read each others cyphers that it soon proved to be futile. Neither the British nor the Americans could craft cyphers that the other could not read. Why? They had way to much access to each others plain texts. They could even force plain text into transmission via social techniques. "Send this to your superiors in London/Washington." Heh. So... they established Echelon// Five Eyes and many another front-name for their un-ending collaboration on signals intelligence. This had two immediate results: the extra data feeds created by joining each others interception stations drastically improved de-coding of Axis signals, world-wide. For with the technology of the time, signals would drop out all the time. (Ionosphere) Now the duo could patch in the missing cybertext... and generate plain text. Next, the additional stations drastically improved U-boat detection by triangulation AND de-crypts. {Ditto for anti-U-boat oceanic tactics as America, Britain and Canada all tossed in their best anti-sub tactics.} The agreement was penned in late 1942. Less than six-months later the U-boat fleet was gutted. It had to retreat from the Atlantic. Donitz even lost his son at that time... the hard way. The GCHQ-NSA duo then went on to win WWIII, aka the Cold War. We're in WWIV RIGHT NOW. Red China is spooling up for WWV... which is going to be an even weirder war than the Cold War... being a Global Digital-Economic War... with bio-warfare tossed in for bad measure.
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  28. You missed it: The PRIMARY original intention was to use the Zumwalt destroyers in and around the South China Sea... and the First Island Chain. The PLAN's leaping technology caused the Zumwalt's to be redesigned even while on the ways. That's why the Zumwalt, itself, spent so much time there. The funding was going down the Electronics Rat Hole. Also, ultra-high power electronics were being used for the first time for propulsion and projected weaponry. So the lead ship in the class was a full-scale concept design. It even got tripped up in Panama. (!) The USN brass finally self-admitted that the entire concept was flawed -- because no matter what was done, the PLAN was going to saturate the Zumwalt's position if it ever strayed into the First Island Chain. Only submarines can ever operate there -- same as during the Great Pacific War. (1941-45) BUT, the Zumwalts were ideal for the Persian Gulf. Realistically, only one would be needed. (+ two spares in training) Its role would be to force Tehran to spend LARGE to find or counter it. This is military-economic war -- a concept first used during the Cold War. That war was decided by the USSR when they contemplated spending LARGE to counter Star Wars -- you know -- Reagan's Folly. Yeah, he did the impossible, ending the Cold War with the national wallet. Today's warships are crafted specifically for this or that tactic against this or that adversary... same as aircraft -- all along. The changing nature of the PLAN risk killed the Zumwalts. Forget the money. If the Zumwalts would've caused the Reds to spend ultra-LARGE, the Americans would've hatched them by the dozen. Remember, the Vast, Vast bulk of US DoD spending is on WAGES within the US economy. It's not spent on profits for defense contractors. Doing so is flatly illegal -- and if discovered -- the funds have to be kicked back to the DoD. That's why Google, Apple and Facebook draw huge from Wall Street - whereas no defense contractor ever does. They are allowed to make whatever profits they may.
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  30.  @Benjd0  The voyage to the SCS is political theatre. It can be done, but the QE is in no position to conduct combat operations there. ( Neither is a USN CVN. )  The SCS is a SUBMARINE'S fighting patch. If you're unaware, the USN found that the SCS was quite the fighting zone in WWII. It has ONE overwhelming negative for subs: it's TOO SHALLOW.  The Red Chinese want political theatre, too. They also need a 'lake' so as to train the up and coming PLAN. Yes, it's navy is as green as grass. It will take a DECADE before the PLAN is a viable player, is a modern navy. As the RN showed the French two-centuries ago, MEN are the dominant factor in naval warfare. Nelson gutted the French with -- essentially -- inferior ships. Inferior? They were older and at sea much longer. This meant that the RN had slower ships -- as barnacles are the fate of active ships in the age of sail. The net effect: Trafalgar!  Napoleon should've thrown in the towel after that fiasco. Losing two fleets, there was no way that he could threaten Britain. Whereas Britain could dance like a butterfly and sting like a bee. It's rather like Teddy's Great White Fleet. (The American public back then did not realize that a white ship = non-combatant status. This convention is still observed as the US maintains a fleet of white hospital ships AND treaty observation ships. Duty on the latter is boring beyond belief. (My old buddy was so stationed -- and was such an introvert he could tolerate such duty. Most found that despite the money, they just couldn't handle it.)
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  34.  @feliscorax  The real key to a government backed trading asset (money) is that they can manipulate the laws of trade to FORCE acceptance of said asset -- within its borders. Block-chain assets, IMO, have great value in destroying tyranny. In fact, that's exactly what the CCP sees. It's WHY Jack Ma is in hot water. While not a Block-Chain boy, his financial empire was dramatically eroding the ability of the CCP to manipulate financial markets -- because his trades were done via e-commerce and were DIGITAL MONIES -- as defined above. E-Commerce was finally realized by the CCP to be the doorway to Block-Chain Asset trading. Ma was creating a system that allowed the average Wong to buy fractional Bitcoin -- with their digital Yuan! Then said Bitcoin could be converted back to digital money -- outside the control of the CCP... untraceable in every way. Xi was tossing his cookies. I do see a future for Bitcoin -- but it's as a flipping asset -- as something that is best used by holding it for mere minutes or seconds. Buy this mechanism, tyrannies lose auditing control. THEY HATE THAT. Famously, a CCP member was sentenced to death for holding bribes in epic amounts. He did not have the brains to convert his Yuan to Bitcoin. You might notice that after his conviction Bitcoin's value EXPLODED. It went crazy BECAUSE his grafting peers got the message: "Bitcoin is your only way out from under the CCP." Forget Musk. The bulk of Bitcoin action is in Red China. They are coining most of it, and they are holding most of it. But block-chain assets are not a store of value. Everyone loves the up-drafts -- but no-one can stomach the down-drafts. While the US Dollar and other national currencies are being debased -- said ruination is proceeding slow enough that holding cash for a few months is not the end of the world. Seeing your block-chain asset fall 10% over night is just too much. Holding them is like investing on the Vancouver Stock Exchange in start up miners.
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