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CAN YOU TRUST FACEBOOK WITH YOUR MONEY IN THE AGE OF CANCEL CULTURE?

Facebook and Zuckerberg are fundamentally untrustworthy and beyond regulatory control…

fb-1THE BIG LIE: THERE IS NOTHING STABLE ABOUT ANYTHING LINKED TO A FIAT CURRENCY!

The head of Facebook's cryptocurrency project says the social media giant's Novi digital wallet is ready to come to market

Facebook is prepared to launch the Novi digital wallet tied to Diem blockchain-based payment system, said the head of the social media giant's payments project that's seeking necessary regulatory clearances.

[OCS: Facebook is not to be trusted as they appear to be an agent of the progressive establishment and engaged in censorship and cancel culture.

Stablecoins, as a digital currency, are not anonymous, it is subject to tracking, confiscation, and inflation, all controlled by the privately-owned Federal Reserve.]

David Marcus, chief of Facebook's financial services division, in a blog post Wednesday said Novi could play an instrumental role in fixing the global payments system that he said is, among other things, too slow and too costly.

[OCS: Most of the problems are related to establishment issues like the black market, tax evasion, forward currency hedging, inflation, etc. As for, slow and costly, they are mostly speaking about the costs of credit card processors and the speed of authentication.]

"Change is long overdue. It'll happen one way or another. Novi is ready to come to market," wrote Marcus, a former Paypal president and co-founder of the Diem Association. "We feel that it's unreasonable to delay delivering the benefits of cheaper, interoperable, more accessible digital payments."

[OCS: Sorry, I do not trust PayPal or any other of their past players, given their outrageous behavior towards ideological targets, problem vendor payment resolutions, and confiscatory policies.]

The Diem Association is a nonprofit consortium overseeing the development of the diem stablecoin. Stablecoins are digital currencies that are pegged to a fiat currency, or a currency issued by a central bank. Novi is designed to allow users to add money to their wallets that would be converted to a Diem digital currency that could then be sent to others worldwide.

[Nothing said about safety, security, recovery of digital wallets, handling of physical currency, conversion rates, internet outages, emergency access, vendors who accept payments, possible hackable linkages to smartphones, etc.]

Diem, which was first spearheaded by Facebook under the Libra name, is a blockchain-based payment system that has faced a number of roadblocks. Regulatory concerns over Facebook's data privacy and potential money laundering issues have contributed to delays for the program that was meant to launch in early 2021.

Diem was originally meant to be backed by a wide mix of currencies and government debt but it's now meant to launch as a single coin backed by the US dollar. 

"Let me be clear, if we only offered fiat money in Novi, it would bring people a lot of value," wrote Marcus, saying it could offer domestic and cross-border payments and it would benefit Facebook as the company would create a significant number of wallet accounts.

[OCS: Fiat currency is always subject to manipulation and inflation. All that blockchains do is eliminate the intermediate keeper of a database – not eliminate gatekeepers.]

"So why not just do that and call it a day? Well, we might. But before we do, I strongly believe if there was ever a chance to create an open, interoperable protocol for money on the internet and truly change the game for people and businesses around the world, it is now."

[OCS: It’s not the interchange protocol but the cryptographic strength of the blockchain and the reliability of the vendors at each end of the transaction. Let me know when “deposits” in the repository are reliably insured with actuarially sufficient funding.]

Facebook is already "an actor" in the payments industry, said Marcus. Facebook Payments has enabled more than $100 billion in payments volume in the last four quarters and is used in more than 160 countries for payments in 55 currencies, he wrote.

[OCS: What if Facebook doesn’t like your politics or comments on medical issues and decides to cancel your account?]

Novi has secured licenses or approvals in nearly every US state and it won't launch any place where it has yet to receive clearances, said Marcus.

He said the Diem Association is engaged in dialogue with US and global regulators. "It has addressed every legitimate concern that was raised on its journey to design and build a high quality stablecoin with extensive consumer protections, and a highly compliant payments network to support it — all within the US regulatory perimeter." <Source>

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Bottom line…

I do not trust Facebook. Especially if they can track and monetize transaction endpoint data.

-- steve


“Nullius in verba.”-- take nobody's word for it!

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell



ARE WE STILL AMERICA UNDER THE DEMOCRATS? DO THE LIVES OF AMERICAN CITIZENS NOT MATTER TODAY?

astainonamerica

While …

  • 11,000 – 15,000 American citizens are reportedly behind enemy lines in Afghanistan;
  • America is reluctant to use force and appears to be following the Jimmy Carter model of “wait and see;.”
  • The Taliban has confiscated some of our most sophisticated weaponry and especially anti-aircraft weapons, night vision goggles, and explosives’
  • The President and Vice President are in hiding, leaving the true leader of the nation in question;
  • The leadership of the military is equivocating and “standing by;.”
  • Billions in cold cash have gone missing as Afghan leaders flee the country with millions in U.S. taxpayer money;
  • America appears to no longer stand with our allies and friends;
  • China, Russia, Iran, North Korea are emboldened to take action;
  • The media is pumping out anti-Trump and anti-DeSantis propaganda on masks and vaccinations; and
  • House Minority Leader Kevin McCarthy (R-CA) says that if his party wins a majority in the 2022 midterm elections, the GOP won't use impeachment as a political weapon against President Biden in 2023;

… I wonder if we are still America, who is in charge, and can we survive this malignant and incompetent Democrat Administration?

generals

Let us remember the basic tenets of war…

(1) You define “winning” and then kill the enemy and break things. If they chose to hide behind civilians, it is on them.

(2)  The enemy gets a vote;

(3)  You fight to dominate and win;

(4)   It is better to level the block than fight door-to-door;

(5)  You lead or get out of the way; and

(6)  Hope is not a plan.

It doesn’t take a military genius to stage a strategic withdrawal…

The woke warrior, General Mark Milley, should be court-martialed for dereliction of duty: “There was nothing that I or anyone else saw that indicated a collapse of this army and this government in 11 days.”

plan

Bottom line…

PEOPLE ARE DYING FOR A DEMOCRAT PHOTO-OP THAT WAS TO BE USED FOR BIDEN’S LEGACY!

The Taliban lacks a true chain of command. They are a bunch of ragtag militias, any one of which could spark a full-on shooting war by shooting at Americans.

Lloyd Austin is a dishonorable liar -- While the Brits (SAS and special forces) are pulling UK citizens out of Kabul, Lloyd Austin, the U.S. Secretary of Defense says they do not have a similar capability. Amazing!

THE SAS will join a 'Dunkirk-style' rescue mission to save more the 6,000 Brits still trapped in Kabul, according to reports. So far 600 British soldiers have been flown out to the Taliban infested territory to rescue UK citizens. As Lloyd Austin claims, "We don't have the capability to go out and collect large numbers of people."

How is it that the American people are so willing to be lead by demonstrably corrupt, incompetent, and clueless idiots without any pushback? Or accepting of the narratives crafted by dishonest actors and spread far and wide by the progressive communist democrat propagandists in the mainstream media?

We are out of leaders; only politicians are left!

We are so screwed.


“Nullius in verba.”-- take nobody's word for it!

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell



Communist China uses America's humiliation to condition the battlefield in Taiwan...

We are in the midst of a generational global humiliation that will cost every American dearly. The Democrats have just empowered another source of state-sponsored terrorism while keeping our borders open to terrorists. And like the first action of the Taliban terrorists, they are trying to disarm the law-abiding civilian population. But it gets worse, and the media moguls and tech tyrants are censoring the news that the Chinese Communists are attempting to erode the Taiwanese confidence in America as an ally.

Communist China is using America’s humiliation as a warning to Taiwan. Are they conditioning the battlefield with propaganda?

cgt-hdr

Afghan abandonment a lesson for Taiwan’s DPP: Global Times editorial

The US troops' withdrawal from Afghanistan has led to the rapid demise of the Kabul government. The world has witnessed how the US evacuated its diplomats by helicopter while Taliban soldiers crowded into the presidential palace in Kabul. This has dealt a heavy blow to the credibility and reliability of the US.

Many people cannot help but recall how the Vietnam War ended in 1975: The US abandoned its allies in South Vietnam; Saigon was taken over; then the US evacuated almost all its citizens in Saigon.

And in 2019, US troops withdrew from northern Syria abruptly and abandoned their allies, the Kurds.

Some historians also point out that abandoning allies to protect US interests is an inherent flaw that has been deeply rooted in the US since the founding of the country.

Taiwan is probably the US' most cost-effective ally in East Asia. There is no US military presence on the island of Taiwan. The way the US maintains the alliance with Taiwan is simple: It sells arms to Taiwan while encouraging the DPP authorities to implement anti-mainland policies through political support and manipulation. As a result, it has caused a certain degree of depletion between the two sides of the Taiwan Straits.

And what Washington has to do is only to send warships and aircraft near the Straits from time to time. In general, the US does not have to spend a penny on Taiwan. Instead, it makes money through arms sales and forced pork and beef sales to the island. This is totally a profitable geopolitical deal for Washington.

Once a cross-Straits war breaks out while the mainland seizes the island with forces, the US would have to have a much greater determination than it had for Afghanistan, Syria, and Vietnam if it wants to interfere. A military intervention of the US will be a move to change the status quo in the Taiwan Straits, and this will make Washington pay a huge price rather than earn profit. 

Some people on the island of Taiwan hype that the island is different from Afghanistan, and that the US wouldn't leave them alone. Indeed, the island is different from Afghanistan. But the difference is the deeper hopelessness of a US victory if it gets itself involved in a cross-Straits war. Such a war would mean unthinkable costs for the US, in front of which the so-called special importance of Taiwan is nothing but wishful thinking of the DPP authorities and secessionist forces on the island. <Source>

[OCS: Propaganda, of course! But there is a kernel of truth in the editorial. The feckless Biden Administration is weak and without true leadership. Behind the scenes are Obama’s social justice warriors advancing a socialist/communist ideological agenda.

Will the United States abandon Taiwan and then South Korea? Can a re-armed Japan step into the breach?

Is this all a distraction to deflect attention from the Chinese Communist Party’s engineered global pandemic? And calls for reprisals and reparations?]


China-US cooperation in Afghanistan depends on US' China policy: Global Times editorial

China doesn't take advantage of other's perilous state but hopes that Afghanistan can realize a peaceful transition and end chaos for good. Putting an end to battles as soon as possible is clearly conducive for the vision to bring all Afghan people to a better life.

In his conversation with Blinken, Wang Yi opposed the US move that it engages in deliberate all-around suppression of China to harm China's interests but asks China to cooperate with it.

It is very necessary at this moment to directly point out that the US is a strategic rogue. 

China will be keen to restore order in Afghanistan and promote reconstruction of this war-torn country, but it has no obligation to help the US get out of a strategic dilemma that entirely belongs to Washington. When the US is maliciously carrying out strategic coercion and containment against China, there is no need for China to win US favor by rendering good for evil. That will not work. <Source>

[OCS: The Chinese and Russians are already moving into the area to fill a power vacuum created by Biden’s precipitous actions. Of course, the Biden Administration is pouring millions into the Taliban’s pockets to maintain the appearance of relative peace for the rest of the withdrawal.]

Reinforced by an editorial cartoon…

Taiwan-cartoon

Warning: about the happy talk from the Taliban...

Consider for a moment what the Taliban is telling the media about freedom of the press, women's rights, not attacking innocents -- it's all bullpucky -- coming from a religion that teaches lying as a tactical strategy. To believe those true believers would instantly give up centuries of behavior to satisfy the sensibilities of unbelievers is both dangerous and foolish. Yet the American political pundits are repeating these falsehoods without critical commentary. Another liberal fantasy that will get people killed.

One reason they are not attacking our fleeing people is that they know that the Presidential Palace, Bagram Airbase, and other infrastructure can be instantly leveled with stand-off weapons without even entering Afghanistan's airspace.  When the cameras stop rolling, the beheadings, eye-gouging, and rapes of children will continue.

Bottom line…

Since the Obama Administration, we have seen that the Democrats have been weak on defense, defunding the military, and promoting officers more based on their politics than military competence. Does one wonder how effective they will be in curtailing the abandonment of our allies when it comes to NATO and other global initiatives? Biden was a known quantity to the Democrats: an empty suit that could be easily manipulated by the Obamacons. This is a Democrat disaster, no matter how much they might point at Trump.

While the tough-talking Trump Administration was feared, more for their unpredictability and impulsive reactions, Trump was too lazy, unfocused, or transactional to fully clean house, leaving Obama’s ideological friends buried within the administration. Many of them rising to greater influence and power during the Biden Administration due to the incapacity of President Joe Biden to fulfill his presidential duties.

The only question that remains is, Was the Afghan debacle deliberate and part of Obama’s anti-America, pro-Muslim strategy? Something, if it failed, that could be blamed on Trump?

Forget the Afghans; look what our government is doing to our own citizens, thousands possibly trapped behind enemy lines by Democrat perfidy.

We are so screwed.

-- steve


“Nullius in verba.”-- take nobody's word for it!

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell



AFGHAN REFUGEES: WHAT NOBODY IS SAYING...

Have you noticed that the pictures of the chaos at the Kabul International Airport show an overwhelming majority of fighting-age men (18-24) with relatively few women and children?

k-1

Many Afghan nationals helping the United States by day were actually pledged to the Taliban at night. What makes us believe that we are not opening our doors to terrorists or a future political force supported by CAIR (Council on American-Islamic Relations) -- helping to form future no-go political enclaves such as those found in Minnesota and elsewhere?

Worst of all, eventually electing anti-America politicians like Ilhan Abdullahi Omar (D-MN), an American politician born in Mogadishu, Somalia, and serving as the U.S. Representative for Minnesota's 5th congressional district. 

A vector of terrorism whose second-generation disaffected sons and daughters may be susceptible to radicalization and become a threat to our nation.

The truth…

We really do not know, nor can we project, what might happen due to our humanitarian efforts. Many of these people are unskilled, co-existed with a 12th-century culture, and have existed on little more than American handouts. They are not carefully vetted about their religious beliefs – and observe a religion that condones lying to achieve a tactical advantage.

Progressive media craziness...

Taliban

Bottom line…

Another chaotic crap-shoot endangering America – courtesy of the Democrat Party and the Obamacons. And, before the progressive communist democrats scream "racism," please show me where the U.S. Constitution is interpreted as a suicide pact?

We are so screwed.

-- steve


“Nullius in verba.”-- take nobody's word for it!

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell