Category Archives: Central Banking

Bitcoin: Revolution or Evolution?

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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

http://peacefulanarchism.com/feed/podcast

Geographical Brain Drain and Ancient Roman Currency Debasement

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We have all heard about the rumors of an impending “Economic Collapse” or “Collapse of the Dollar”. Although this is true as it has happened many times throughout history, the descriptive wording implies that it is a doomsday scenario where all will suffer. This is not entirely accurate. Some will suffer and some will prosper. All this depends on where one is physically and how well prepared one is financially or otherwise for such an event. For these reasons a better description for such an event is a “Wealth Transfer”. Wealth, like matter and energy, is never destroyed it is merely transferred. It is your choice whether to have it transferred towards you or away from you. The greatest fortunes have been amassed out of the rubble of economic crisis by enterprising individuals. It has always been about choice.

Brain Drain

I hope you take the time to listen to this wonderful interview. Jeff Berwick discusses Bitcoin and the importance of internationalizing oneself as well as one’s assets in a time when the “wealthy developed”, albeit inescapably drowning in sovereign debt and unfunded liabilities, countries of the world are staging their last desperate attempts at solvency by looting and squeezing the middle class out of every last bit of productivity they have left. It is all too easy to get distracted and depressed with the abundance of so called “doom porn” that infiltrates the Internet. The promulgation of such information does have its place when a people are too complacent, by way of ignorance, with allowing their resident criminal gang, to operate unaccountably through wanton theft and exploitation of their middle class. However once this is established we must seek opportunities to ensure our prosperity and happiness. If this includes leaving a given geographical tax farm (country) and emigrating to another with comparatively greater economic, social, and financial freedoms than that is the choice we must make.

 

People and their businesses, like water, naturally move from regions of high oppressive pressure to regions of low pressure. This is a natural law of human behavior. A suitable term to describe this behavior is “brain drain”. According to Dictionary.com this is defined as “a loss of trained professional personnel to another company, nation etc that offers greater opportunity.” What we are discussing here is geographical brain drain from oppressive geopolitical regimes that are on the verge of collapse. This has happened many times in the past in the regions of Communist China, Soviet Russia, and Nazi Germany to name a few.

2013 marks a record year for renunciation of citizenship by US taxpayers, exceeding by two-thirds the previous high set in 2011. Since 2006, expatriations have increased tenfold from the US. 630 individuals renounced US citizenship or ended long-term US residency by turning in their green cards during the fourth-quarter. The fourth-quarter figure increased the total number of expatriations for 2013 to 2,999. The previous record was 1,781 in 2011. That’s a staggering 221% increase!

by Jeff Berwick

The ironic part is that the US received many notable minds in the 1930’s and 1940’s that were fleeing Nazi Germany and the surrounding countries they sought to conquer and entering the relatively freer US, whilst in recent years that trend is now in complete reverse. Some of these departing luminaries included “earlier Nobel laureates Erwin Schroedinger (physics, 1933) and Victor Hess (physics, 1936), but also future honorees — like Elias Canetti (literature, 1981), Walter Kohn (chemistry, 1998) and Eric Kandel (physiology and medicine, 2000)”.

This geographical brain drain is what also gave rise to Hollywood in the 1930’s as Eastern European Jews fled Nazi occupied territories to the freer USA. They established Hollywood as the movie making center of North America for that was the place where their varied talents were most appreciated. The laughable result is that persecuted Eastern European Jews would travel across an ocean to sell their version of the “American Dream” to Americans themselves who willing bought the product!

In this podcast Joel describes the lifespan of the Argentine currency as being roughly a decade long, an astonishingly short amount of time, even in fiat currency standards! Historically most fiat currencies last 30-40 years before reverting back to their intrinsic value of zero, regardless of the last ditch efforts that politicians frequently employ to sustain the looting inflation. 

 

One notable example is ancient Rome. Currency debasement was a method used by the Roman government to pay for public works and distant wars. The coin of the realm, the denarius, was debased to only 0.02% pure silver and commodity prices soared. Emperor Diocletian enacted draconian price control laws which were meant to stabilize the currency. The failure was epic and legendary. The year was 301 AD and “Diocletian issued an extensive edict fixing the prices for just about all goods and services, including 900 commodities, 130 different grades of labor and a number of freight rates.  The death penalty applied to violations of the edict. Nevertheless, they failed in their purpose. As Lactantius tells us, ‘much blood was then shed over small and cheap items.’ Soon there was nothing for sale and the inflation got worse. Finally, after ‘many had met their deaths, sheer necessity led to repeal of the law.’”

 

Politicians have for centuries unsuccessfully attempted to thwart the immutable economic laws of supply and demand with their violent edicts and commanding decrees. The results are always the same. The greater the avoidance of the inevitable currency collapse, the greater the Wealth Transfer and the greater the pain of reconstruction. If the people will not learn the dreaded lessons of the past they will be condemned to repeat them ad infinitum. Savage wars will transform into splendid orgies of inter-cultural love making before politicians will ever inform the people of these predictable boom and bust cycles.

Study some real history, not the Disney version of history we were force fed in our government schools. Educate your kin! Present day humanity need not suffer for the ignorant decisions of our forefathers! Proper historical and economic education is more than a means of entertainment. It can mean the difference between a life of back breaking hardship and a life of comfort characteristic of prescient foreknowledge. There is nothing new under the sun. The choice is yours.

 

The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.

Ernest Hemingway

Just do good things.

Danilo

http://peacefulanarchism.com/feed/podcast

Italian Capital Controls and Hidden Secrets of Money Episode 5

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Amidst the flagrant fiscal deterioration of the Euro-zone since its inception, the most recent insult is what is happening in Italy. The Italian government has commanded the Italian banks to impose a 20% tax on all inbound wire transfers, treating the transferred money as taxable income. This ruling is retroactive to all wire transfers beginning from February 1, 2014. It now becomes the incumbent duty of businesses or individuals receiving wire transfers to prove to the Italian banks and by extension the Italian government, that this currency is not income. Therefore all Italians are considered “money launderers” until proven innocent. A startling realization!

 

 

This is happening not so coincidentally, as we near the 1 year anniversary of the Cyprus “bail-in” wealth confiscation that occurred in April 2013. For those of you unaware of this historic event here is a brief summary. Cypriot depositors awoke on a Saturday morning to find their accounts were frozen, nothing allowed in or out. The Cypriot banks were on the verge of defaulting and asked the European Central Bank for a bailout. What resulted came to be known as a “bail-in”. For approximately 2 weeks all accounts were frozen as Cypriot government officials were deliberating as to how much currency to steal from its citizens in the form of a tax appropriation. During these deliberations Cypriot depositors were rioting and protesting in the streets for their money to be returned to them. Alas such actions have little effect once the process of wealth confiscation has begun. The final agreement dictated that accounts with 100,000 Euros or more would receive a 47.5% tax appropriation or “hair cut”. As it turned out, those with such large accounts were owned by Russian mafia members, although many of the larger notorious Russian oligarchs were tipped off before this entire debacle occurred and succeeded in removing their currency in time before the freezing began.

 

After this event other banks in the Eurozone, Canada, and in the United States subtly changed their banking policy to include this “bail-in” as a possible emergency measure to be taken in times of financial crisis. This event also made clear the notion that once a deposit is made in any bank that currency is no longer your own. You are now considered an “unsecured creditor” as you have just lent your currency to that financial institution and in the event of a financial crisis, as an unsecured creditor, you will be the last to be compensated if that financial institution were to fail or default. Keeping one’s wealth in a bank or credit union has scarcely been so dangerous as it is now and vulnerable to wealth confiscation schemes of a variety of sorts.

 

We all work hard for the currency we earn. The last thing we would like to see is our currency being used to fund bankrupt “countries”, murderous “politicians”, or criminal financial institutions. Our true wealth is our time and freedom. Money is simply a conduit to store that wealth. Currency is the imposter that has been given to us to fool us into believing we are earning things of value. Currency is simply pieces of paper with fancy ink that “government” has dictated through legal tender laws has value. In reality nothing can be given value by “government” that will not soon thereafter return to its intrinsic value of zero. Fiat currency is no exception. Historically fiat currencies have a life span of 30-40 years. We are just beginning our 43rd year of the fiat currency experiment known as the US Dollar, more aptly put the Federal Reserve Note. Were it not for our powerful military forcing all countries on Earth to use it as the world reserve currency and as the petro-dollar, the Federal Reserve Note would have collapsed years ago.

 

Put the fruits of your labor into things of real tangible value that will not depreciate and that bankers cannot counterfeit at a whim. Over the course of time such things that have proven themselves as having intrinsic value include diamonds, precious stones, real estate, farm land, crypto currency, and precious metals. Of all these substances gold and silver have, for at least 2000 years, risen above all the others for their superior qualities.  I am aware of only 2 methods by which gold and silver can be produced; from the collision of two neutron stars or as a result of a supernova explosion.  Therefore as long as “politicians” cannot engineer these events I do believe they will retain their premier stature.

 

 

Gold and silver are essentially indestructible, which means all the gold and silver that has been mined from the time of the Ancient Egyptians is still around in some form. Their value has never gone to zero. They are the world’s first global monetary system and they are here to stay! Do not insult nature and the collective monetary choice of free and peaceful individuals. Gold and silver are the Free Market choice for wealth preservation and the foundation on which a truly prosperous society can grow. Once they become adulterated and diluted by mendacious “politicians” acting on behalf of cancerous “governments” nothing can halt the ensuing Wealth Transfer until the cycle is complete.

 

 

All we can expect is that the people will have learned their history lesson and stop trusting that “governments”, “politicians”, and financial institutions will protect their wealth and ensure their future prosperity. The only wealth these entities and “politicians” protect is their own. The only prosperity they ensure is their own. We must take fiscal, economic, and personal responsibility for our own freedoms. These things cannot be entrusted to anyone, regardless of sophomoric rhetoric or ostentatious garb. You own yourself! You are captain of your own destiny! Start acting like it!

 

“I am more concerned about the return of my money than the return on my money.” Mark Twain

 

Record Bank Heist in Cyprus Spells an Endgame For Your Wealth

 

Second JP Morgan Banker Jumps to his Death: Said to be 33 year old Hong Kong FX Trader

 

“Money Launderer until Proven Innocent”-Italy Imposes 20% Tax Withholding On All Inbound Money Transfers

 

Following a Wave of Banker Suicides, 3 Former Barclays Bankers Now Charged in LIBOR Scandal

 

 

Just do good things

 

Danilo

http://peacefulanarchism.com/feed/podcast

Buying Silver Was The Stupidest Move I Ever Made!

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Here is a great 12 minute video on why not to despair when faced with the short term price fluctuations of the precious metals. The fundamentals cannot and will not change. As long as politicians are running up enormous trillion dollar annual budget deficits and increasing, one must own precious metals as long term wealth protection. What is deficit spending? It is spending money one doesn’t have and didn’t earn. Since it was not given voluntarily by the citizens but effectively taken by force and under threat of imprisonment it was therefore stolen. This is the standard definition of most governments on Earth, since the very nature of government is to procure its funds through taxation or money printing which are both done without approval of the people and both have the end product of slowly siphoning wealth away from the hard working productive citizens to the thieves and loafers on Capitol Hill who thereafter give it to the criminals on Wall Street. Since the Mandrake Mechanism, or money printing, is the most abused method of funding the government, this is thoroughly inflationary and a most propitious environment for precious metals to thrive. When it costs the same to print $1 as it does $100 one can be certain this is what will be done to no end, until the public debt and interest on the debt become truly insurmountable and it thereafter collapses under its own weight.

 

Woodrow Wilson borrowed 30 billion dollars to fund World War I in 1917. That money has not been paid back. And we are still paying interest on it. That’s 96 years ago. The American taxpayer pays for it with cheaper dollars because the government prints money to pay its bills and that reduces the value of everything we own. The American taxpayer pays for it with higher taxes.”

Judge Andrew Napolitano

 

The silver supply is most definitely strained to the max as the demand for the metal is staggering. The number of American Eagles bought from the US mint by the beginning of October has already far exceeded the total number bought in all of 2012, and that was immense as well!  If it continues at its current rate of massive consumption, both investment and industrial, it will most assuredly be extinct by 2020.

 

Sending good people in to reform a state is like sending virgins in to reform a whorehouse.”

Anonymous

Silver Face

Peak Silver: A World Without Silver

 

In 2011 Mike Maloney of GoldSilver.com said “If you take all the above ground gold available for investment today and distribute it evenly amongst the global population everyone would own 1/3 oz of gold. If you do the same for silver everyone would own 1/14 oz of silver.” The population has increased since he made that calculation and the supply has greatly diminished. Now the real question is why hasn’t the price reflected this disparity in supply when the demand for both precious metals has been surging to all time highs since the 2008 housing crisis? The ability of the Central Banks, Mega SIFI banks, and Bullion banks to manipulate the prices of the metals downward with their paper gold/silver futures contracts will come to an end quite soon when the physical scarcity becomes acutely felt, which is to say when certain buyers will not be receiving their metal at such absurdly low prices because it has all been mined up or it becomes so difficult to mine that it is no longer cost effective for the mining companies to do so. At that point we will all discover their true value and purchasing power.

 

Let them march all they want, so long as they continue to pay their taxes.”

Alexander Haig, Secretary of State to President Ronald Reagan

Stunning Surprises in the Silver Market

 

Another notion to keep in mind is the stark difference between the paper gold/silver ETF (Exchange Traded Funds) market and the physical gold/silver market. As far as I know paper gasoline will not power a car, paper food will not nourish us, paper herbs will not heal us, and paper homes will not keep us warm in the winter, incidentally the latter is more of what our flimsy homes are beginning to resemble these days. Therefore paper gold/silver will never be a suitable substitute for the real physical thing. It can never be and it will never be.

 

It would take a salary of $396,536 today (2013) to equal in purchasing power a $35,000 income in 1980.”

John Williams, Shadowstats.com

 

The principle since 1945 has become “Gold is hoarded in Central Bank vaults and Silver is consumed in industry.” Historically they have always existed at a 1:10 ratio of Gold:Silver for the simple reason that that was the underground ratio that they are bio-available for mining and so the price ratio has reflected that for thousands of years. This relationship has all changed since, after World War II, silver has been utilized as an industrial metal for its superior electrically conductive, thermally conductive, anti-microbial, and reflective properties. The fact that it is an element and not a compound illustrates that there exists no suitable substitute. However the beautiful thing about silver is that even if industry stops using it, there will always be a demand for it as a store of value and as true money. Thus its value will never go to zero as is possible and will happen with all financial instruments such as stocks, bonds, mutual funds, exchange traded funds etc during the inevitable Wealth Transfer. All precious metals are commodities and therefore fluctuate in a valuation channel between over-valued and under-valued according to the economics of the time. The way to stay at the crest of the Wealth Cycles is to buy certain commodities when they are under-valued and sell them when become over-valued. This may be appreciated when one examines the difference between the savvy investor who, leading up to the Crash of 1929, bought his shares when the market was at the bottom thereafter selling them at the top and the plebeians who responded instinctively and foolishly by buying shares near the top and then losing everything. Gold/Silver, however, are unique amongst commodities in that they have certain properties that the free market has recognized and as a result has awarded them the supreme status as true quality money.


The Incredible Destructiveness of Hyperinflation to a People

 

More millionaires were created during the Great Depression than at any time in US history.”

Anonymous

 

Here I am proud to present to you another outstanding 3 minute video of Eastern philosopher Alan Watts talking about the absurd concept of manmade currency. It is a man made notion invented to measure wealth just as a clock was invented to measure change in time. During the Great Depression there was enough houses, steel, lumber, cement, food etc for everyone to be prosperous and happy, yet because there was no currency there was privation, hunger, and suffering. Does this make sense?

 

https://www.youtube.com/watch?v=vvBKR5GPCWc

 

Most of the fiat trash you earn from your job should go to buying the poor man’s gold at these ridiculous and artificially low prices. I tell that to everyone I meet. When the market realizes the enormous disparities in supply, demand, and price of the precious metals we will see a rally towards the upside of magnificent proportions! Unfortunately that will also signify the fundamental deterioration of our current society, however it must happen. The longer we supply our fiat addicted society with monetary cocaine the worse will be the eventual withdrawal symptoms when the money spigot is eventually twisted shut.

 

 

Inflation has also eroded savings. $10,000 in the bank in 1980 would need to have grown to $113,296 in 2013 to be of equal value. That banked $10,000 in 1980 would have to yield about 8% compound interest over 33 years to equal $113,296 today.  That never happened.”

John Williams, shadowstats.com

 

Just do good things

 

Danilo

 

 

http://peacefulanarchism.com/feed/podcast

Lower Income, Less Educated, and Voiceless

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Lower income is more a result of the people allowing their “government”, gang criminals and sociopaths, to systematically rob them through the Central Banking mechanism of currency creation and usurious interest. A “government” may rob its subjects of their currency by one of two ways. It may outright confiscate their funds through bank holidays, currency controls, levies/appropriations etc or through currency creation (money printing) it can rob their currency of its value. Either way the subject loses and becomes poorer.

 

Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power.”

Peter Schiff

 

Being less educated is again a reflection of the docile idleness that the American public has fallen prey to through mass dumbing down of the mass intelligence through GMO foods, chemtrails, water fluoridation, vaccinations, medications, and government schools. The system is not set up to give people an education, maintain health, or feed them well. We must educate ourselves independently to obtain these things.

 

I’ve noticed a fascinating phenomenon in my thirty years of teaching: schools and schooling are increasingly irrelevant to the great enterprises of the planet. No one believes anymore that scientists are trained in science classes or politicians in civics classes or poets in English classes. The truth is that schools don’t really teach anything except how to obey orders.”

John Taylor Gatto, retired American school teacher of 29 years, three time winner of NYC Teacher of the Year and winner of the NYS Teacher of the Year

 

The people are voiceless because they choose to be. Each person has precisely as much power as he/she desires to have, and nothing more. Saying we are voiceless is only a reflection of one’s pitiful resignation to the rhetoric and will of our rulers. This passive submission to “authority” is really one of the most dangerous of human phenomenon because it permits all the rape, torture, imprisonment, murder, and genocide that we read about in the history books.

 

It does not take a majority to prevail… but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men.”

Samuel Adams

Danilo

 

 

http://peacefulanarchism.com/feed/podcast