The Truth About The Nevada Rancher’s Standoff

In the most recent dispute between the tyrannical federal “government” and the industrious, 67 year old Nevada cattle rancher Cliven Bundy has fiercely defended his position for his cattle to graze on the Gold Butte territory near the border of Utah. In 1990 the federal “government” began the Desert Tortoise Conservation Center to save the endangered desert tortoise. Bundy paid to have his grazing permits up until 1993 when he stopped paying. Then in 1998 the Bureau of Land Management (BLM) designated the Gold Butte area to be “critical’ for the survival of the desert tortoise and began harassing the Bundy ranching family in typical mafia style aggression. Since 1993 when he stopped paying his permit extortion fees he claims to owe the federal “government” $300,000 while the BLM claims it is more like $1 million.

Bundy claims his Mormon heritage has been homesteading on this 600,000 acre piece of land for nearly 150 years and it therefore belongs to him. This is in accordance with Common/Natural Law which states that when one takes an unrefined natural resource such as land and mixes one’s labor with it to produce a product that is desired by others this confers ownership. This is in stark contrast to the federal “government” claiming ownership by a mere pen stroke on a piece a paper without stepping foot on the land or laboring on it whatsoever. This is the harsh reality of expropriation by eminent domain that the Native Americans had to learn through decades of deliberate and malicious slaughter. Cliven ResistBundy says “Years ago, I used to have 52 neighboring ranchers. I’m the last man standing. How come? Because BLM regulated these people off the land and out of business.” The BLM states that Bundy can only have 150 cattle out of the original approximately 1000. This would effectively put him out of business as a cattle rancher. He has refused to give up his “trespassing” cattle and so this has warranted the federal “government” sending in taser armed officers, attack dogs, snipers, helicopters and four-wheel drive vehicles to “deal” with the insurgent cattle ranchers. “So far the operation to remove the cattle has cost the US taxpayers $3,000,000, no small sum.”

The justification for all this insanity is the possible extinction of one or two species, in addition to the 99.99% of species that have already gone extinct in the history of planet Earth, is a matter of national emergency and therefore requires the massive spending of taxpayer currency and theft of the prosperity of the unborn amidst a backdrop of staggering debt, unfunded liabilities, and imperialistic genocide. This is the sort of lunacy people agree to abide by when they pay their taxes and obey the “law”. When one denounces a parent for homeschooling their child they say “I went through public school and I turned out ok.” Amongst a nation of lunatics the moral man is considered insane. Do not confuse obeying the man-made statutory “law” with obeying one’s conscience and moral compass. The two are mutually exclusive and cannot be considered in the same breath.

History has proved for time immemorial that the outlaws, vigilantes, and law breakers were the ones who not only talked about societal injustices but actively resisted them in the face of grave physical danger to themselves. Conversely it was the tax payers and law abiders comprising the docile citizenry who, through their obedience and tax funding, enabled most of the horrific atrocities we read about in the history books. Nothing validates tyranny and sociopathy more than silence.

Be the thorn! Be the nail that sticks out! Be the round peg in a society of square holes! Be the non-conformist! Society will thank you for it although in the moment they may violently resist you as surely as abolitionists were in early 19th century America.

“On some positions, cowardice asks the question, is it expedient? And then expedience comes along and asks the question, is it politic? Vanity asks the question, is it popular? Conscience asks the question, is it right? There comes a time when one must take the position that is neither safe nor politic nor popular, but he must do it because conscience tells him it is right.” Martin Luther King Jr.

Just do good things

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The Beauty of Voluntaryism

When I discuss concepts such as the Federal Reserve monopoly on currency, State monopoly on violence, War on Drugs, NDAA, Patriot Act, surveillance state, police brutality etc I get many comments such as “Stop being so negative!” and “Can’t you just enjoy life and be happy?” Therefore this article is to demonstrate that Voluntaryists are some of the most positive people I know. I truly believe we are all born Voluntary Anarchists and the indoctrinating government institution known as “public school” aggressively tries to beat it out of us and mold what remains of that natural curiosity and love for life into something uniform, mechanized, and monotonous. Some of us have survived this brutal treatment with our integrity intact enough to regenerate again; just as the human liver can regenerate completely even after 80% of it is destroyed by hepatotoxic substances. Some beautiful aspects that flourish under Voluntaryism include love, freedom of self-ownership, resilient adaptability, freedom of self-expression, and random acts of kindness.

Love, like human creativity and ingenuity, can only exist in its purest and most beautiful form in complete freedom. Any infringement on that freedom, however, does not extinguish it; rather it suppresses its manifestation to be inevitably expressed in deeper and darker places. Just like pressure rather than wiping water out of existence just scatters its form; so too central authoritarian governments do not wipe out love and creativity, such destructive actions only ensure their manifestation in the netherworld part of our society.

Sovereign people are free to harm themselves to whatever degree they deem fit. This should not concern anyone else, just as much as what I choose for lunch should concern no one else. If we do not own our bodies, what else is left for us to own? Self-ownership is the last bastion of freedom. The world is replete with central planners and moral do-gooders who see the world as undifferentiated clay to be molded to fit their beliefs. This nauseates me to no end! Leave people alone and the world will move along just fine!

The subtle adjustments and adaptations that the Free Market makes to changing situations can never be sufficiently predicted by any authoritarian control freak in the same way that one cannot realistically predict which group of species will pass into extinction from any particular human intervention in nature. When peaceful people are allowed to exchange freely and voluntarily amongst themselves, the beauty that can emerge will always be infinitely more magnificent than any authoritarian forcefully imposing his destructive centralized plan. 

One thing many Statists would not like to admit is that the aspects of our lives that are most pleasurable and wondrous are regarded as such simply because we have the freedom to choose or in other words, because they exist in a state of anarchy. This fundamental assertion is one aspect of what makes life beautiful. Who would want to live in a society where every action is regulated, every desire monitored, every utterance filtered, every love questioned, and every feeling anesthetized? The State controlled life is genuinely a life not worth living. The greater the degree of control the lesser the quality of life. Just as one cannot force another to love you; nothing of inherent value and wonder has ever originated out of the coercive monopoly on violence known as the State. 

Complaints vs. Gratitude This is a beautiful example of humanity at its finest. Although the case could be made that this video was a cruel ploy to garner YouTube views. I still commend the act of a gift to a person in need. Even a man who has lost almost everything is still compelled to spread the love. Is this not what life is all about? If we are not willing to help our fellow man to breathe a bit easier why else are we living? There are still people out there with a heart of gold.

It is said that when nearing the end of his life Alexander the Great gathered together his generals and told them his last 3 wishes upon his death.

  1. He would like the best doctors to carry his coffin.
  2. He would like all the money (bills, coins, precious stones, gold, silver) he has gathered in his lifetime to be scattered along the procession to the cemetery.
  3. He would like his hands to be freely hanging out of the sides of the coffin for all to see.

The explanation to #1 is so that it can be plainly seen that the best doctors are powerless to prevent death when it inevitably comes. The explanation to #2 is so that it can be plainly seen that we can take none of our earthly wealth with us to the Great Sleep. The greatest wealth is our limited time here on Earth and unlike monetary wealth it can never be replenished. When we spend time with our family and friends we are giving them something so precious that it can never be retrieved, our life. The explanation to #3 is so that it can be plainly seen that just as we enter this life empty handed in like manner do we depart. We take nothing with us except our consciousness, soul, and spirit. Even our physical bodies are mere shells that temporarily house our incorporeal selves for the time being, but which we must eventually shed in order to return to the stars and planets, which gave birth to us. We are indeed made of star stuff, as stated by the great Carl Sagan. The Infinite Universe is our true mother. Enjoy life while you have it. It has an expiration date!

You can support Voluntaryism by buying from your local farmer’s market, growing your own food, talking and connecting with your neighbors, becoming an entrepreneur, contributing your skills to society, helping your fellow man, spreading kindness and love, investing in Bitcoin, precious metals, diamonds, cash flow real estate (anything the Federal Reserve cannot print), educating yourself with books, articles, documentaries, and videos on real history, teach yourself real nutrition, teach yourself real skills, and then by spreading the message of liberty to anyone and everyone you can. This has always been the best way to secure a bright future. Just because the mental torpor of Statism has enslaved and infected the mind of humanity for millennia does not mean we should give up trying but rather that we should proceed forward ever more vigorously. Can you think of a more just and honorable way to spend one’s fleeting blink of an eye existence on this speck of dirt floating in the vast empty blackness of the cosmic ocean?

We were all born free, moral, and loving. We all innately recognized no other authority, paper document, or law but ourselves. Let us all please find our way back home.

“Gratitude is not only the greatest of all virtues, but the parent of all others.” Marcus Tullius Cicero, ‘Pro Plancio’ 54 BC

 Just do good things.

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Executive Orders and the Silence of Dissent

On March 6, 2014 Barack Obama signed yet another executive order proclaiming in no uncertain terms the extent of his domination over his subjects, us the little people. According to Dictionary.com an Executive Order is defined as “an order having the force of law issued by the president of the US to the army, navy, or other part of the executive branch of government.” This executive order entitled “Blocking Property of Certain Persons Contributing to the Situation in Ukraine” states in typical political Doublespeak and all encompassing general legalese that “actions and policies of persons — including persons who have asserted governmental authority in the Crimean region without the authorization of the Government of Ukraine — that undermine democratic processes and institutions in Ukraine; threaten its peace, security, stability, sovereignty, and territorial integrity; and contribute to the misappropriation of its assets, constitute an unusual and extraordinary threat to the national security and foreign policy of the United States, and I hereby declare a national emergency to deal with that threat.” This is in direct response to Obama’s desire to meddle once again, at taxpayer’s expense, in the affairs of a sovereign country whose problems are entirely their own. The crushing national debt, unfunded liabilities, bankrupt Social Security, soaring unemployment, poverty, and homelessness are small indicators that Americas so-called “wealth” as a super power is both illusory and deceptive.

Although I do not think we need any masters at all and the US “President” is just a puppet, strictly speaking Obama does not lead his predecessors in terms of number of Executive Orders issued. However he far outclasses the previous Presidents in terms of budget for military might, size and strength of the military, NSA surveillance scope, general size of the Federal Government, number of military bases in foreign countries, militarization of the police, number of drone strikes and resultant deaths, percentage/absolute number of people unemployed, in poverty, and on some kind of government assistance etc. Since he is just a figure head he may not be entirely to blame. He is simply the current face on the boot that is currently stomping on our collective faces.

The US President who has the record for the most Executive Orders issued is FDR at 3,522 which computes to almost one Executive Order per day in office! This is an amazing feat given the fact that he is the only US President to be elected for four consecutive terms. The US President with the record for the least Executive Orders is held by William Henry Harrison, the 9th President of the US with zero. This was mainly due to the fact that he died in his 32nd day of office from “complications from pneumonia.” It is plainly seen that, given the opportunity, sociopathic megalomaniacs such as US Presidents will meddle with the Free Market as often as is humanly possible. This is always done under the euphemistic cover of “stimulating the economy”, “creating jobs”, “regulating industry” etc. The results of this “stimulus” are apparent to anyone who opens a true history book to learn about the destruction of human capital and annihilation of productive potential that lays scattered along the field of the violated marketplace.

It has been stated by Aeschylus (525 BC – 456 BC), the Greek tragic dramatist, that “In war, truth is the first casualty.” This refers to both the truth as to the hidden motives for going to war and the silencing of the dissenters protesting the war itself. There are numerous cases of this common State behavior in US history alone. The famous Revolutionary War and subsequent signing of the victorious Declaration of Independence in 1776 brought hopes of true freedom to the inhabitants of the newly independent country. However the American people were duly disenchanted when their newfound masters brought the true intention of their previous revolutionary effort to fruition. With the drafting of The Constitution of the United States in 1789, their new rules of servitude, the next American experiment had begun as a “Representative Republic” of limited government which was to lead to the most powerful and imperialistic “government” the world has ever seen.

Among the early usurpations of the “freedom” of speech were the Alien and Sedition Acts of 1798, a group of four bills signed into law by President John Adams. Under these draconian measures “freedom” to speak out in opposition to the Quasi-War, Undeclared Naval War with France, was violently suppressed by threat of deportation or imprisonment. During the War of 1812 “Many members of the Democratic-Republican Party viewed opposition as treasonous or near-treasonous once war was declared. The Washington National Intelligencer wrote that, ‘WAR IS DECLARED and every patriot heart must unite in its support.’ The Augusta Chronicle wrote that, ‘he who is not for us is against us.’” Such hate speech of those critical of governmental action was vividly spoken by President George W. Bush after the 9/11 attacks. This illustrates the mindlessly patriotic “us vs. them” mentality that permeates nationalism.

NASA vs. WarMany mistakenly blame Obama and Bush for their destruction of habeas corpus and right to due process following the “attacks” of September 11th; however the removal of these rights has been commonplace for US Presidents during times of war for more than a century. The term “habeas corpus” is Latin for “you may have the body” and refers to the right that “a prisoner can be released from unlawful detention—that is, detention lacking sufficient cause or evidence.” On April 27, 1861, just two weeks after the commencement of the Civil War, President Lincoln “suspended the writ of habeas corpus between Washington DC and Philadelphia to give military authorities the necessary power to silence dissenters and rebels. Under this order, commanders could arrest and detain individuals who were deemed threatening to military operations. Those arrested could be held without indictment or arraignment.” The famous Emancipation Proclamation was signed into law as a war measure on January 1, 1863 which freed only those slaves in the Southern Confederate States which were in rebellion, an act which intended to cripple the strength of the Southern States to resist. Thereafter in July 1863 the bloody Civil War Draft Riots began in response to forced Conscription of the Northern States and their freed slaves. One could only escape such a deadly fate by payment of a $300 commutation fee to find a substitute to fight for you. The equivalent of $300 in 1863 is $5600 in 2013.

The next example of the destruction of civil liberties occurred during World War I under President Woodrow Wilson. The passage of the Espionage Act of 1917 prohibited “any attempt to interfere with military operations, to support U.S. enemies during wartime, to promote insubordination in the military, or to interfere with military recruitment… This was punishable by a maximum fine of $10,000 or by imprisonment for not more than 20 years or both.” Later it was amended by the Sedition Act of 1918 “which prohibited many forms of speech, including “any disloyal, profane, scurrilous, or abusive language about the form of government of the United States … or the flag of the United States, or the uniform of the Army or Navy” Even after the conclusion of World War I the Espionage Acts continued to be used “as the basis for mass arrests and intelligence gathering.”

The arrival of World War II brought new sociopathic evils which included the forced internment of 127,000 Japanese-Americans, 3200 Italian-Americans arrested (300 interned), and 11,000 German-Americans arrested (5000 interned). On February 19, 1942 President FDR issued Executive Order 9066 for such human beings to be relocated to army style barracks governed by the military in the states of California, Idaho, Utah, Wyoming, Colorado, Arkansas, and Arizona. “Many families sold their homes, their stores, and most of their assets. They could not be certain their homes and livelihoods would still be there upon their return. Because of the mad rush to sell, properties and inventories were often sold at a fraction of their true value…The camps were often too cold in the winter and too hot in the summer. The food was mass produced army-style grub. And the interns knew that if they tried to flee, armed sentries who stood watch around the clock, would shoot them.” Adults were permitted to leave the detention camps if they agreed to join the US army, of which only 1200 chose to do so. Even after the war ended and President FDR rescinded the Executive Order, anti-Japanese sentiment continued “as many villages displayed signs demanding that the evacuees never return.”

WarmongeringI think the pattern is clear. Thoroughly examine any army conflict in history and you will inevitably find peace loving anti-war sentiment that is brutally subdued in order to encourage the carnal murderous blood bath we call war that is a successful lucrative business for the elite few at the expense of the ignorantly loyal and blindly obedient. It is always the old men that declare the wars and the young minorities that go off and die.

War is not about honor, helping people, and being noble. War is about indiscriminate murder, the raping of women, the collateral deaths of children, and the pillaging of whole cities in order to topple resistant foreign regimes. War is about securing the availability of vital natural resources for the benefit of trans-national corporations, defense contractors, weapons manufacturers, and big government. Make no mistake. War was never about ensuring freedom; it’s about keeping us enslaved to the nationalistic drum beat of death.

Step out of line! Break the ranks! Disobey authority! Be insubordinate and you will find your beloved freedom!

I spent 33 years and four months in active military service and during that period I spent most of my time as a high class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. I helped purify Nicaragua for the International Banking House of Brown Brothers in 1902-1912. I brought light to the Dominican Republic for the American sugar interests in 1916. I helped make Honduras right for the American fruit companies in 1903. In China in 1927 I helped see to it that Standard Oil went on its way unmolested. Looking back on it, I might have given Al Capone a few hints. The best he could do was to operate his racket in three districts. I operated on three continents.

Smedley D. Butler, War Is a Racket: The Antiwar Classic by America’s Most Decorated Soldier

Just do good things.

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Slavery is Cheaper than Voluntary Consent – Rebutted

“It’s cheaper for one to enslave people than it is to voluntarily employ them for pay. If I pay $15 to a worker and I can pay $10 for someone to enslave someone else isn’t it cheaper to enslave than to voluntarily employ?”

 

I believe this is a vast over-simplification of reality for the follow reasons.

 

In a small local community of voluntaryists I highly doubt that someone will move to kidnap and enslave the people around him. I would imagine this would cause quite a stir even if they tried to hide their slaves. Wouldn’t you think the strange household increase in productivity from unknown sources would raise some eyebrows? This is not even mentioning the fact that people would be noticeably disappearing in the nearby vicinity which in itself would give cause for wonder. Therefore I do believe if someone in a stateless society really wanted to enslave people it would have to be in an area far removed from his place of residence.

 

In order to understand the incredible cost that must be endured to artificially prop up the institution of slavery we must think back to the time of the Trans-Atlantic slave trade. Some things that were needed to be paid for in order to procure the slaves where the cost of building the ship, its crew, and all onboard equipment, the cost of bribing tribes to travel to the interior of Africa to kidnap the people and bring them back to the coast, the immense cost to ship them over an ocean, the immense cost to house, clothe, and feed every single slave, the cost to employ bounty hunters and slave catchers to retrieve runaways and bring them back to their masters etc. Do you really think after all this expenditure of effort, money, and resources it is still more profitable for someone to enslave others as a means for productivity than to employ them through voluntary mutual consent? Was the cotton so valuable? It must have been worth more than gold!

 

As with anything that is subsidized by the State, the profits are nationalized and the losses socialized. We can see this most clearly with the 2009 bailouts after the housing crisis. Many banks and investment houses clearly failed yet they did not go bankrupt because the State swooped in and saved their hide with billions of dollars of taxpayer currency and debt of the future. However it is perfectly fine when these same banks and investment houses make billions in speculative derivative gambling, ETF and commodity manipulation, rigging of interest rates with LIBOR scandal, and as a result of the Mandrake Mechanism (currency creation) process in general. Such special interest groups have always existed in one form or another throughout history, artificially propped up by stolen taxpayer currency and debt. These unnaturally large institutions simply cannot exist in their own right without the favoritism and protectionism that the State offers. Slavery is no different.

  

Just do good things

 

Danilo

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Bitcoin: Revolution or Evolution?

Here are some provocative videos by Stefan Molyneux describing Bitcoin, the revolutionary new development in money and banking. It has been called “digital gold”. It is essentially a decentralized Internet currency or crypto-currency. It possesses much of the useful characteristics of gold/silver without the difficulty in physically storing it, which always carries the risk of theft. Powerful computers mine Bitcoin by solving long complex algorithms and, just like precious metals; it is quite scarce. As more and more Bitcoins are digitally mined the algorithms become increasingly difficult, mirroring the increasing difficulty in mining physical gold/silver in the current time as underground availability becomes scarcer. The total number of Bitcoins that can ever be mined is 21 million “coins”. Currently about 12, 467, 275 “coins” have already been mined. “The last block that will generate coins will be block #6,929,999 which should be generated at or near the year 2140.”

Bitcoin is an open source code, meaning anyone can view and make additions to the code if they so choose. There is nothing obscure or hidden about it, except the anonymity one has when transacting with it. One potential flaw is the block chain, the inherent code that records every Bitcoin transaction that has ever been done. Logically this would get larger with each transaction achieving monstrous proportions which may potentially hinder the speed and efficiency of future transactions, although this “bug” may be corrected by some enterprising programmer in the near future.

Satoshi Nakamoto introduced Bitcoin into the market on January 3, 2009. He promptly retreated into obscurity after giving it to the world, further increasing the mystique and intrigue that Bitcoin has gained. Recently it has been rumored that he has been found to be living in Los Angeles, CA of all places. His stubborn reluctance to admit to his involvement in Bitcoin is irrelevant. The important thing is someone created digital currency and, through open source programming, delivered it to the world. Various other crypto-currencies have emerged as a result. The cat is out of the bag and there is no way it can be shoved back in.

The March 2013 Cypriot bank bail-in catapulted Bitcoin’s value by 87% to the upside from $47 USD per Bitcoin on March 16 to $88 USD on March 28. Cypriot depositors quickly tried to move their wealth into Bitcoin while the Cypriot government was contemplating how much wealth to steal from the people. “That compares with just 5 cents per bitcoin in mid-July 2010, when Mt. Gox first started tracking prices.” The Bitcoin price stands at $612 USD per Bitcoin as of the publishing of this article.

Homeless BitcoinThere is no central hub where all Bitcoins are stored; rather they are disseminated widely throughout the web in the form of digital wallets secured by passwords and keys. This is one of its greatest strengths, since the more popularity it gains the more Central Banks and “governments” around the globe will feel threatened by it and seek to shut it down as they have already done with the Silk Road. However instead of dampen the excitement; this suppressing effort only stimulated the rise of larger and more efficient Bitcoin marketplace sites most notably in the elusive black market arena, which is the natural by-product of any “government” ban.

There have been at least eight reported top level banker “suicides” as of January 2014. Some walked off the rooftops of large financial buildings in London. Another banker shot “himself” multiple times in the head with a nail gun. This is occurring amidst a back drop of European Sovereign debt crises, speculative derivative gambling, US bank insolvency, market manipulation of precious metals and other commodities, Bail-ins, and past Bail-outs. This must not be a surprise when it is recognized that poverty, unemployment, and those receiving federal aid are reaching record heights not seen since the Great Depression. Incidentally the increase in the frequency of suicide mirrors what occurred around the time of the Great Depression of the 1930s. If this wasn’t enough a recent report of a 28 year old Bitcoin firm CEO is that she was found dead in her Singapore apartment, of alleged “suicide”. This seems to be the first reported Bitcoin related death. I think you can see the pattern.

Bitcoin can be inherited without the need of a lawyer and is therefore free of inheritance tax. Bitcoin can be used with ease when purchasing from companies far from one’s home country and completely bypasses all the fee and taxes that are incurred when using traditional methods such as debit cards, credit cards and PayPal. Bitcoin can be transferred over long distances for the purposes of money transfer, again without incurring hidden fees and taxes along the way.

Any alternative to “government” programs is a risk worth taking. If the Federal Reserve Note is such a stellar currency why must it be forced upon us? Repeal legal tender laws! Allow competing currencies and we will see how good it fares in the rigorous Free Market! Military might ensures its apparent stability and is illusory at best since the military itself is financed by debts incurred by and written in the blood of our children and grandchildren that are yet unborn. Few other crimes are more sinister.

One advantage Bitcoin has over precious metals is its utility of use in daily transactions. Precious Metals are useful as a store of value and as wealth preservation over long periods of time. They are especially useful in times of economic crisis as in what we are experiencing now; however the strategy with them is more “buy and hold”. Unfortunately their success is hinged on the inability of Central Bankers to keep their prices artificially suppressed and simultaneously “kick the can down the road” with currency debasement and Quantitative Easing. This is a dangerous underestimation of the competency of Central Planners to keep the house of cards standing amidst a vicious tempest and atop merciless quicksand. The inertial power of the bureaucratic machine is not to be taken lightly.

There has been a raging debate in the Libertarian Austrian Macroeconomic community of Bitcoin vs. Gold/Silver. The precious metals advocates say it is not tangible therefore it does not have intrinsic value which is the hallmark of owning precious metals. The value of precious metals is not artificially determined by parasitic “governments” but by free and peaceful people exchanging them in the Free Market for other things of value. What is intrinsic value essentially? Does anything really have intrinsic value before humans came along and started using them? Bitcoin advocates say just because it intangible does not mean it is worthless. Is e-mail worthless because it is intangible? Ultimately, is the Internet worthless because it is intangible? Anarcho-Capitalism calls for an entirely Free Market devoid of any State intervention, therefore competing currencies will naturally result as the market creates new and exciting methods of monetary transactions. Having a wide range of competing currencies is reflective of a healthy Free Market. This calls into question our most fundamental assumptions about the definitions of currency, money, and intrinsic value. Such debates are necessary to the advancement of human progress.

Each day forward draws new businesses to the attractive world of digital currencies. The ease of use and rapid transaction is a boon to any entrepreneur who is sincere in his desire to please his customers. As more people are choosing to inject capital into Bitcoin it is quickly becoming an emerging economy that cannot be ignored. Some businesses that accept Bitcoin include a Subway franchise owner in PA, Virgin Galactic in exchange for a private spaceflight of $250,000 per seat, Ebay, Shopify, and others. A good website to find other businesses that accept Bitcoin is SpendBitcoin.

Bitcoins may be divided into fractions of a Bitcoin for ease of transaction. These include 0.01 BTC = 1 centibitcoin (bitcent), 0.001 BTC = 1 millibitcoin (mbit, millibit, or bitmill), 0.000,001 BTC = 1 microbitcoin (ubit or microbit), 0.000,000,01 BTC = 1 Satoshi.

Bitcoin is not meant to be held on to for any significant period of time. Partially due to its volatility as a young currency and partially due to the nature of the program, Bitcoin is most useful in immediate transactions as a way to transfer value over vast distances completely escaping the bureaucratic labyrinth of taxation and regulation. This is one of the major reasons why it has become so wildly popular and also why “national governments” and their Central Banks are genuinely afraid of it. Its incorporeal quality eludes authoritarian control freaks because they cannot move in, seize, and confiscate the “coins” from any one single area. This represents the power of the Internet and the potential it has for setting the people free from the State.

Various “governments”, including China and Thailand, have moved to ban Bitcoin for the potential “threat” it represents to their national currency and “economic stability”. This excuse is hollow at best. What displeases “governments” the world over about Bitcoin is the fact that it is completely decentralized, untaxed, and unregulated. This is the source of its true beauty! It was conceived in the free market and is flourishing in the free market! Its value is determined solely by individuals voluntarily injecting capital into its adaptable system. The only threat that Bitcoin represents is toppling the centuries old strangle hold that international financiers have had on the global economy. There are currently only 3 countries on Earth which do not have central banks; Iran, North Korea, and Cuba. America’s recent military focus in the Middle East may be explained by an attempt to install another Central Bank in Iran. The appearance of Bitcoin has done much to release the debt/death based monetary system that is slowly suffocating the productive class of the world.

A great Wealth Transfer is occurring. The present system is dying and some will not survive as the scandalous truths of fraudulent misdeeds are revealed for all to see. We are privileged to witness this grand global shift that is both uniquely unprecedented and historically repetitive. These currency crises and Wealth Transfers have occurred many times in history as various past “governments” have stolen as much as they could from the industrious in order to keep their murderous regimes afloat. The uniqueness refers to the Wealth Transfer as being a global phenomenon as August 15, 1971 was the first time in history that all currencies of the world went off the gold standard and became fiat currencies simultaneously. Given the rise of the Internet this is the first time that crypto-currencies were ever used as means of exiting a failing financial system. I do believe they are here to stay. Where will your wealth be when the US dollar returns to its intrinsic value of zero?

Just do good things.

Danilo

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