tag:blogger.com,1999:blog-5592542.post8396192977468194820..comments2024-03-18T17:28:44.693-07:00Comments on Rondam Ramblings: Cutting to the chase: Repeal the California Money Transmission ActRonhttp://www.blogger.com/profile/11752242624438232184noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-5592542.post-23482759163520643382013-03-25T22:50:31.890-07:002013-03-25T22:50:31.890-07:00The situation itself exists because the "lead...The situation itself exists because the "leaders" you speak of are not working for the people. They have sacrificed their people and countries already.Samhttps://www.citilinkfinance.com.au/services/send-money/indianoreply@blogger.comtag:blogger.com,1999:blog-5592542.post-16778558180380448532013-03-02T23:38:41.188-08:002013-03-02T23:38:41.188-08:00"the tin-foil hat crowd ... appear to actuall..."<i>the tin-foil hat crowd ... appear to actually be correct</i>"<br /><br />Excellent! See, now <i>that's</i> the kind of grand conclusion that I was waiting for! :-)<br /><br />Your top level posts were entirely too reasonable. This little chain of five examples and a tin-foil conclusion ... now, that fulfills the promise in your original teaser!Don Geddishttps://www.blogger.com/profile/04214642122689048677noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-55308496117361654742013-03-02T23:37:22.897-08:002013-03-02T23:37:22.897-08:00Oh, and the fact that the vast majority of the peo...Oh, and the fact that the vast majority of the people who work in the financial industry don't understand how their industry actually works under the hood, that surprised me too.Ronhttps://www.blogger.com/profile/11752242624438232184noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-10094106442702645022013-03-02T23:08:47.756-08:002013-03-02T23:08:47.756-08:00> I ... expected more? ... given the original ...<br />> I ... expected more? ... given the original teaser.<br /><br />I apologize. The dramatic impact of the story was somewhat blunted by the schedule. I was hoping to get out one more installment before the call to action on the MTA but I ran out of time.<br /><br />> it surprised you?<br /><br />That not a single bank would take me up on a business plan that would bring them Ronhttps://www.blogger.com/profile/11752242624438232184noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-12215956408615100072013-03-02T20:19:29.934-08:002013-03-02T20:19:29.934-08:00@Anonymous: "you don't think gold is real...@Anonymous: "<i>you don't think gold is real money and you think fiat currency is</i>"<br /><br />If you actually learn about <a href="http://en.wikipedia.org/wiki/Money" rel="nofollow">what money is</a>, you'll see that it's perfectly clear that, for thousands of years, gold was one of the most common and stable forms of money, throughout the world. But at the same time, Don Geddishttps://www.blogger.com/profile/04214642122689048677noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-42584438631250707532013-03-02T20:12:03.754-08:002013-03-02T20:12:03.754-08:00I enjoyed the story, thanks. I don't know muc...I enjoyed the story, thanks. I don't know much about financial regulation, but I wouldn't at all be surprised if the CMTA was an example of regulatory capture, which after all is a well-known type of non-market failure.<br /><br />I also understand that you spent years on a particular effort, and failure is frustrating (even if it was a "good bet" that just happened not to workDon Geddishttps://www.blogger.com/profile/04214642122689048677noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-57168082445449112762013-03-02T18:36:10.086-08:002013-03-02T18:36:10.086-08:00IANAL, but I'm pretty sure non-profits don'...IANAL, but I'm pretty sure non-profits don't count as money transfer agents. They actually take possession of their donations, but because they are tax-exempt this doesn't matter the way it would if a for-profit took possession of the money.Ronhttps://www.blogger.com/profile/11752242624438232184noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-5956480413992560892013-03-02T18:23:40.955-08:002013-03-02T18:23:40.955-08:00Any idea how this sort of legislation would affect...Any idea how this sort of legislation would affect a non-profit's ability to collect and transfer donation?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5592542.post-8000822641730316332013-03-02T16:20:09.829-08:002013-03-02T16:20:09.829-08:00> This a wasted effort.
And that is a self-ful...> This a wasted effort.<br /><br />And that is a self-fulfilling prophecy.<br /><br />> Rothbard Hazlitt Rand<br /><br />The utopiates of the pseudo-intellegentsia.<br /><br />Bah, life is too short for this.<br />Ronhttps://www.blogger.com/profile/11752242624438232184noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-17710308687851139332013-03-02T15:08:06.799-08:002013-03-02T15:08:06.799-08:00This a wasted effort. Government passes laws to g...This a wasted effort. Government passes laws to give it control. IT doesn't matter if the laws are "Bad", bad laws for us are good laws for them. <br /><br />The system is how it is by design.<br /><br />It's pathetic that otherwise smart people can be hoodwinked by such an obvious and constantly repeated swindle. <br /><br />But then, you don't think gold is real money Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5592542.post-36351616632097338732013-03-02T12:14:04.369-08:002013-03-02T12:14:04.369-08:00This^This^Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5592542.post-33639524757006118722013-03-02T00:53:22.785-08:002013-03-02T00:53:22.785-08:00If you guys still believe in a political solution,...If you guys still believe in a political solution, then I recommend you go with the advice above.<br /><br />Otherwise I recommend you check out my project, the Open-Transactions project: https://github.com/FellowTraveler/Open-Transactions<br /><br />I also recommend Bitcoin, which, similar to Bittorrent, is censorship-resistant: www.bitcoin.org<br /><br />Really, it's a moral imperative.Fellow Travelerhttps://www.blogger.com/profile/15300954313295950319noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-44927932874489854962013-03-01T17:43:18.304-08:002013-03-01T17:43:18.304-08:00Yes, but we have to start somewhere, and the rest ...Yes, but we have to start somewhere, and the rest of the country pays attention to what California does. This is a real opportunity to make a real difference. But the clock is ticking.Ronhttps://www.blogger.com/profile/11752242624438232184noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-38477178434711879982013-03-01T17:42:54.488-08:002013-03-01T17:42:54.488-08:00Anonymous,
Yes, but it would send a clear message...Anonymous,<br /><br />Yes, but it would send a clear message to other states and Congress that something really needs to be done. And right now, even though it takes a lot to get Congress to do anything, the alternative isn't pleasant to think about: more crimes for entrepreneurs.<br /><br />AaronAaron Greenspanhttp://www.aarongreenspan.comnoreply@blogger.comtag:blogger.com,1999:blog-5592542.post-49461068574834450362013-03-01T17:39:19.722-08:002013-03-01T17:39:19.722-08:00Wouldn't you then have another 49 equivalent (...Wouldn't you then have another 49 equivalent (give or take) pieces of legislation to deal with? Seems like the kind of thing that would have to be done at a federal level (of course I know nothing about the financial system and you've been mired in it...)Anonymousnoreply@blogger.com