[ExI] Sell your Bitcoins!

[spike at rainier66.com]

From: John Clark <johnkclark at gmail.com> 
Subject: Re: [ExI] Sell your Bitcoins!

 

> John, the head of the Federal Reserve is only one of seven votes.  So we get one who isn’t a moron

>…So we just need three governors who are not morons and we are fine.

 

OK.  So we need a POTUS who isn’t a moron so he can nominate the head of the Federal Reserve who is not a moron, and (somehow) get three additional non-moron FedRes governors (which apparently has never happened before) who then vote in unison since they are all non-morons, to… what?  Presumably raise interest rates so that investors come from all directions since interest rates are high.  Is that about what you have in mind?

>has that never happened before? who… does what?  Lowers interest rates?  Raises interest rates?  How does that help?

>…I don't understand any of your questions  John K Clark

 

No worries, the chair of the US Council of Economic Advisors from July 2023 to Jan 2025 doesn’t understand any of our questions either.  He opined thus:

 

https://www.youtube.com/watch?v=WzwV79pqSFk

 

OK then.  But what has any of that to do with protecting masses from starvation when the singularity causes massive unemployment?

 

spike

 

 

 

 

 

 

 

 

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