Our current [Social Security

Our current [Social Security] system was essentially introduced by the chancellor of Germany, Prince Otto von Bismark, in 1889 — twenty years before the first Model-T rolled off the tracks. It does not incorporate anything we have learned with regard to markets and investments over the past one hundred years. And yet any suggestion that the system might be improved through modernization, choice, and privatization is met by Luddite-like opposition. Theodore Forstmann
From remarks delivered during the 1997 Shavano Institute for National Leadership

system was essentially introduced by the chancellor of … ]

WSB/WallStreetbets is like a p2p distributed hedge fund

Regarding Gamestop, WSB etc. I strongly believe in the power of p2p/distributed groups and projects. You know the open source kind, the kind that started in January 2009 (I don’t want to run afoul of the mod bot, you know the one), the kind that since they are p2p are not subject to big tech control and censorship.¬†Instead of having to entrust your money with some expensive third party running a hedge fund, you have a distributed hedge fund (or mutual fund or ETF) here.

Instead of one person saying “our fund is going to buy this” you have a group saying, “I like this because of X, buy it if you agree.” Hedge funds will often bet against each other, here the distributed hedge fund has more money and power to bet against the centralized hedge funds and can win.¬†

This is one such p2p group. This isn’t necessarily a fight between Wall Street and Main Street, but a much wider fight that is being repeated in lots of other areas in the US and around the world. This is a power play between the so-called elites and so-called non elites in many fields from here in the market to politics to people (e.g. the CA gov) hiding information because he thinks people are too stupid to understand it. This is the same type of fight between those who want one set of rules for some people and a different set of rules for the powerful elites. Freedom depends on a single set of rules for everyone, and these so-called elites are fighting back. Put the screws to them. Market shorts are important in the market, but this is the counterbalance and should be used more often.

My concern is that like Discord, will Reddit allow WSB to continue there? If not, a purely distributed p2p option would be useful. Encrypted too.

Today’s major scapegoats are lawyers. They are blamed for the litigation …

Today’s major scapegoats are lawyers. They are blamed for the litigation explosion and, once again, politicians and bureaucrats come to the rescue by offering solutions that involve ever-more government – such as caps on liability settlements. But lawyers are merely taking advantage of the laws and regulations that make lawsuits possible – the Americans with Disabilities Act, EPA regulations, discrimination laws, and so on. The problem is no more that we have too many lawyers than it is that we have too many businessmen or doctors. As always, it’s a problem of too much government. Harry Browne
Author and Investment Advisor

Before a standing army can rule, the people must be disarmed; as …

Before a standing army can rule, the people must be disarmed; as they are in almost every kingdom of Europe. The supreme power in America cannot enforce unjust laws by the sword; because the whole body of the people are armed, and constitute a force superior to any bands of regular troops that can be, on any pretense, raised in the United States. Noah Webster
In ‘An Examination into the Leading Principles of the Federal Constitution,’ 1787, in Paul Ford, ed., Pamphlets on the Constitution of the United States, at p. 56 ( New York, 1888 ).