Tag Archives: Federal Reserve

Bitcoin: Libertarian Idea of Paradise Would be Hell on Earth

Business Insider
December 11, 2013

Welcome to Libtardistan.  Feel free to trade freely. Our President, Ron Paulberg, is on his ship doing something with computer sciences.  You'll have to come back laterWelcome to Libtardistan. Feel free to trade freely. Our President, Ron Paulberg, is on his ship doing something with computer sciences and market analysis of production proposals. You’ll have to come back later

Libertarians love Bitcoin.

About 44% of the online crypto-currency’s users self-identify as Libertarians.

They love the fact that it’s not controlled by a government or central bank — so no online Fed can “print” more of it and inflate our way out of trouble. They love that it’s decentralized; it’s the currency of The People, not The Man. They love that it’s “mined,” a bit like gold, because that makes it a bit like the gold standard, which libertarians think real currencies ought to be tied to. They love that Bitcoin isn’t taxed, so you can hide your income from the government if you want to. They love the way its value reflects pure supply and demand, and not a value forced into the system by regulation or monopoly. And they love that it’s fairly lawless — it’s difficult to enforce rules (other than the rules of the market) when everyone in the market is anonymous.

So the Bitcoin experience gives us a glimpse of Libertarian paradise: What life would be like with as little government interference as possible, in a market free of burdensome laws and taxes.

Unfortunately, that experience looks like a total nightmare. It’s characterized by radical instability, chaos, the rise of a boss-class of criminals who assassinate people they don’t like, and a mass handover of wealth to a minority even smaller than the 1% that currently lauds it in the United States.

If Bitcoin was a country — Bitcoinistan? — it would be like Somalia. Consider:

Bitcoin is most useful to criminals.

Currently, for ordinary people, cash and credit work just fine. While some mainstream businesses do take Bitcoin, there is no compelling reason — yet — for ordinary people to use it. If you’re a criminal, however, there are very compelling reasons to use it: you can transfer vast sums of cash completely anonymously. Cash transfers are a real problem for criminals. When you can’t use bank accounts, lugging around vast sums of cash gets old pretty quickly. Bitcoin solves that. So Bitcoin is very, very empowering for criminals.

There is a Bitcoin crime wave going on right now.

Given that Bitcoin is good for criminals, it should not be surprising that those criminals are targeting other Bitcoin users for thefts. The most spectacular theft so far is the Sheep Marketplace robbery, in which one hacker appears to have emptied a massive Bitcoin marketplace of up to $220 million in Bitcoins. Note that Sheep Marketplace was basically a trading post for drug dealers. Bitcoin exchange and account thefts are very common. Here’s a potted history of recent Bitcoin capers.

Bitcoin “law” is enforced by paid assassins.

The most shocking thing about the indictment of the Silk Road operator Ross Ulbricht was not the amount of money in Bitcoin he controlled (about $28 million). Rather, it was the fact that when other drug dealers ripped him off, he didn’t put it down as the price of doing business. Instead, he is accused of hiring a hitman to murder six people he believed had stolen from him. Ulbricht was a Libertarian. In other words, there will be laws in the Bitcoin Libertarian paradise: And the people with the most Bitcoins will decide what that law is, when it should be applied, and how “justice” will be meted out. In Bitcoinistan, the sentence for non-violent financial crimes includes the death penalty, apparently.

There is literally a Bitcoin market for assassinations.

There have always been people engaging in murder for hire, using old-fashioned cash. But the operator of this Bitcoin website seems to believe that Bitcoin creates enough anonymity to allow assassination to take place “at scale” (to borrow the parlance of the tech startup world). He wants to destroy “all governments, everywhere.”

Bitcoin as a currency is horribly unstable.

Lolbergs love a life of danger.

Read More

Daily Stormer Link

Hmmmm…. Indeed it would seem that Bitcoin isn’t going to save us from the Jews!

– BDL1983

Federal Reserve Corruption………

World Bank Insider Blows Whistle on Federal Reserve:

World Bank Insider Blows Whistle on Corruption, Federal Reserve

World Bank Insider Blows Whistle on Corruption, Federal Reserve

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A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately owned U.S. Federal Reserve. The network has seized control of the media to cover up its crimes, too, she explained. In an interview with The New American, Hudes said that when she tried to blow the whistle on multiple problems at the World Bank, she was fired for her efforts. Now, along with a network of fellow whistleblowers, Hudes is determined to expose and end the corruption. And she is confident of success.

Citing an explosive 2011 Swiss study published in the PLOS ONE journal on the “network of global corporate control,” Hudes pointed out that a small group of entities — mostly financial institutions and especially central banks — exert a massive amount of influence over the international economy from behind the scenes. “What is really going on is that the world’s resources are being dominated by this group,” she explained, adding that the “corrupt power grabbers” have managed to dominate the media as well. “They’re being allowed to do it.”

According to the peer-reviewed paper, which presented the first global investigation of ownership architecture in the international economy, transnational corporations form a “giant bow-tie structure.” A large portion of control, meanwhile, “flows to a small tightly-knit core of financial institutions.” The researchers described the core as an “economic ‘super-entity’” that raises important issues for policymakers and researchers. Of course, the implications are enormous for citizens as well.

Hudes, an attorney who spent some two decades working in the World Bank’s legal department, has observed the machinations of the network up close. “I realized we were now dealing with something known as state capture, which is where the institutions of government are co-opted by the group that’s corrupt,” she told The New American in a phone interview. “The pillars of the U.S. government — some of them — are dysfunctional because of state capture; this is a big story, this is a big cover up.”

At the heart of the network, Hudes said, are 147 financial institutions and central banks — especially the Federal Reserve, which was created by Congress but is owned by essentially a cartel of private banks. “This is a story about how the international financial system was secretly gamed, mostly by central banks — they’re the ones we are talking about,” she explained. “The central bankers have been gaming the system. I would say that this is a power grab.”

The Fed in particular is at the very center of the network and the coverup, Hudes continued, citing a policy and oversight body that includes top government and Fed officials. Central bankers have also been manipulating gold prices, she added, echoing widespread concerns that The New American has documented extensively. Indeed, even the inaccurate World Bank financial statements that Hudes has been trying to expose are linked to the U.S. central bank, she said.

JewsFedREs

Above: JEWS! Alan Greenspan & Ben “Shalom” Bernanke

“The group that we’re talking about from the Zurich study — that’s the Federal Reserve; it has some other pieces to it, but that’s the Federal Reserve,” Hudes explained. “So the Federal Reserve secretly dominated the world economy using secret, interlocking corporate directorates, and terrorizing anybody who managed to figure out that they were having any kind of role, and putting people in very important positions so that they could get a free pass.”

The shadowy but immensely powerful Bank for International Settlements serves as “the club of these private central bankers,” Hudes continued. “Now, are people going to want interest on their country’s debts to continue to be paid to that group when they find out the secret tricks that that group has been doing? Don’t forget how they’ve enriched themselves extraordinarily and how they’ve taken taxpayer money for the bailout.”

As far as intervening in the gold price, Hudes said it was an effort by the powerful network and its central banks to “hold onto its paper currency” — a suspicion shared by many analysts and even senior government officials. The World Bank whistleblower also said that contrary to official claims, she did not believe there was any gold being held in Fort Knox. Even congressmen and foreign governments have tried to find out if the precious metals were still there, but they met with little success. Hudes, however, believes the scam will eventually come undone.

“This is like crooks trying to figure out where they can go hide. It’s a mafia,” she said. “These culprits that have grabbed all this economic power have succeeded in infiltrating both sides of the issue, so you will find people who are supposedly trying to fight corruption who are just there to spread disinformation and as a placeholder to trip up anybody who manages to get their act together.… Those thugs think that if they can keep the world ignorant, they can bleed it longer.”

Read More: http://frontview.wordpress.com/2013/06/24/federal-reserve-corruption/

And who is behind International Finance & “The Fed”?

Jews, Jews, Jews, and more Jews……..

CigarKike1

– BDL1983