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Cryptocurrency: It's Properties as Barbarous Relic Help Civilized World and Peace
by grarpamp 16 Dec '22

16 Dec '22

https://mises.org/wire/barbarous-relic-helped-enable-world-more-civilized-t… The "Barbarous Relic" Helped Enable A World More Civilized than Today's https://www.ratical.org/ratville/CAH/warisaracket.pdf https://www.owngoldandsilver.com/article/deposit-and-loan-banking.html https://en.wikipedia.org/wiki/Bank_run https://www.owngoldandsilver.com/article/fractional-reserve-banking.html https://mises.org/books/economics_public_welfare_anderson.pdf https://en.wikipedia.org/wiki/Reichsbank https://www.garynorth.com/public/8372.cfm https://www.gold-eagle.com/article/war-and-inflation https://europevideoproductions.com/france-travel-photos/american-cemetery-a… https://www.ucs.mun.ca/~jmaclean/es.wwI.html https://www.wanttoknow.info/warcoverup https://www.econlib.org/library/YPDBooks/Keynes/kynsCP2.html One of history’s greatest ironies is that gold detractors refer to the metal as the barbarous relic. In fact, the abandonment of gold has put civilization as we know it at risk of extinction. The gold coin standard that had served Western economies so brilliantly throughout most of the nineteenth century hit a brick wall in 1914 and was never able to recover, or so the story goes. As the Great War began, Europe turned from prosperity to destruction, or more precisely, toward prosperity for some and destruction for the rest. The gold coin standard had to be ditched for such a prodigious undertaking. If gold was money, and wars cost money, how was this even possible? First, people were already in the habit of using money substitutes instead of money itself—banknotes instead of the gold coins they represented. People found it more convenient to carry paper around in their pockets than gold coins. Over time the paper itself came to be regarded as money, while gold became a clunky inconvenience from the old days. Second, banks had been in the habit of issuing more bank-notes and deposits than the value of the gold in their vaults. On occasion, this practice would arouse public suspicion that the notes were promises the banks could not keep. The courts sided with the banks and allowed them to suspend note redemption while staying in business, thus strengthening the government-bank alliance. Since the courts ruled that deposits belonged to the banks, bankers could not be accused of embezzlement. The occasional bank runs that erupted were interpreted as a self-fulfilling prophecy. If people lined up to withdraw their money because they believed their bank was insolvent, the bank soon would be. People had no idea their banks were loaning out most of their deposits. They did not know fractional reserve banking, a form of counterfeiting, was the norm. Gold coin redemption requirements put limits on fractional reserve banking. Such limits were not welcomed by banks. Since banks could loan to the government, limitations also capped government spending, so the government did not like the limitations of gold coin redemption either. Which brings us to the wall gold allegedly hit. Preparing for War Means Preparing for Inflation In his 1949 book, Economics and the Public Welfare, economist Benjamin Anderson tells us, “the war [in 1914] came as a great shock, not only to the masses of the American people, but also to most well-informed Americans—and, for that matter, to most Europeans.” And yet, Germany, Russia, and France began accumulating gold prior to the war (with Germany starting first in 1912). Gold was taken “out of the hands of the people” and carried to the reserves of the Reichsbank, the German central bank. People were given paper notes “to take the place of gold in circulation.” When war broke out in August 1914, Gary North explains that the pre–World War I policy of gold coin redemption was independently but almost simultaneously revoked by European governments. . . . They all then resorted to monetary inflation. This was a way to conceal from the public the true costs of the war. They imposed an inflation tax, and could then blame any price hikes on unpatriotic price gouging. This rested on widespread ignorance regarding economic cause and effects regarding monetary inflation and price inflation. They could not have done this if citizens had possessed the pre-war right to demand payment in gold coins at a fixed rate. They would have made a run on the banks. Governments could not have inflated without reneging on their promises to redeem their currencies for gold coins. So, they reneged while they still had the gold. Better early contract-breaking than late, they concluded. If governments had not broken their promise to redeem paper notes for gold coins, they would have had to negotiate their differences rather than engage in one of the deadliest wars in history. Abandoning the gold coin standard, which had always been under government control, was the deciding factor in going to war. Though the US did not formally abandon gold during its late participation in the war, it discouraged redemption while roughly doubling the money supply. Blanchard Economic Research discusses the situation in “War and Inflation”: War also causes the type of inflation that results from a rapid expansion of money and credit. “In World War I, the American people were characteristically unwilling to finance the total war effort out of increased taxes. This had been true in the Civil War and would also be so in World War II and the Vietnam War. Much of the expenditures in World War I, were financed out of the inflationary increases in the money supply.” Governments had a choice to make: fight a long, bloody war for specious reasons, or retain the gold coin standard. They chose war. US leaders found their decision irresistible. It was not J.P. Morgan, Woodrow Wilson, Edward Mandell House, or Benjamin Strong who would be fighting in the trenches. When we hear that “going off gold” was the prerequisite for global peace and harmony, we should remember places such as the Meuse-Argonne American Cemetery in France, where grave markers seemingly extend to infinity. These are mostly the graves of young men who died for nothing but the lies of politicians and the profits of the politically connected. Gold wanted no part in the slaughter. But politicians and bankers knew a paper fiat standard was the monetary prerequisite to achieving their goals. Conclusion John Maynard Keynes, who coined the term “barbarous relic” in reference to the gold standard, wrote about the world that was lost when gold was abandoned: What an extraordinary episode in the economic progress of man that age was which came to an end in August, 1914! . . . The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, in such quantity as he might see fit, and reasonably expect their early delivery upon his doorstep. . . . He could secure forthwith, if he wished it, cheap and comfortable means of transit to any country or climate without passport or other formality, could despatch his servant to the neighboring office of a bank for such supply of the precious metals as might seem convenient, and could then proceed abroad to foreign quarters, without knowledge of their religion, language, or customs, bearing coined wealth upon his person, and would consider himself greatly aggrieved and much surprised at the least interference. But, most important of all, he regarded this state of affairs as normal, certain, and permanent, except in the direction of further improvement, and any deviation from it as aberrant, scandalous, and avoidable. If Keynes had read what he wrote, he might have been a better economist. And we might be living in a better world today.

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How a Cocaine-Smuggling Cartel Infiltrated the World’s Biggest Shipping Company
by Gunnar Larson 16 Dec '22

16 Dec '22

How a Cocaine-Smuggling Cartel Infiltrated the World’s Biggest Shipping Company https://www.bloomberg.com/news/features/2022-12-16/how-world-s-top-shipping…

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EU regulatory arbitrage swine apply lipstick and prices for backdoor entry
by professor rat 16 Dec '22

16 Dec '22

Below the preset limits, transactions would be invisible to third parties. https://cointelegraph.com/news/researchers-use-zero-knowledge-to-address-pr… Reposts desperately seeking anal-sex

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Trump says he’d ban government from labeling speech as misinformation
by Gunnar Larson 15 Dec '22

15 Dec '22

https://thehill.com/homenews/campaign/3776629-trump-says-hed-ban-government… Former President Trump said Thursday that he’d ban the U.S. government from labeling any domestic speech as “misinformation” or “disinformation” if he returns to the White House. “I will sign an executive order banning any federal department or agency from colluding with any organization, business or person to censor, limit, categorize or impede the lawful speech of American citizens. I will then ban federal money from being used to label domestic speech as mis- or disinformation,” Trump said in a pre-taped video shared with the New York Post. The former president also said he’d fire federal bureaucrats who he perceived to have engaged in domestic censorship. “Directly or indirectly, whether they are the Department of Homeland Security, the Department of Health and Human Services, the FBI, the DOJ, no matter who they are,” he said of those he’d seek to fire. Trump further pledged to direct the Department of Justice to “aggressively prosecute” the alleged censorship. Among other initiatives, the former president called for the federal government to break ties with any nonprofits and academic programs that are aimed at tacking mis- and disinformation. “If any U.S. university is discovered to have engaged in censorship activities or election interferences in the past, such as flagging social media content for removal of blacklisting, those universities should lose federal research dollars and federal student loan support for a period of five years, and maybe more,” he said. The Biden administration has sought to clamp down on the rampant spread of disinformation, particularly regarding the coronavirus pandemic. “The unvaccinated are responsible for their own choices. But those choices have been fueled by dangerous misinformation on cable TV and social media,” President Biden said last year. Trump’s comments about censorship come amid the release of the “Twitter Files,” installments which new Twitter CEO Elon Musk says will reveal information about “free speech suppression” on the platform before he bought it. National Archives releases thousands of JFK assassination records Bipartisan committee chairs push for boost in Taiwan, Ukraine weapons sales Since his takeover of the social media app, Musk moved to reinstate Trump’s account, which was banned following the Jan. 6, 2021, riot at the Capitol. The former president said in his video that the most recent release confirms a “censorship cartel” and “a sinister group of deep state bureaucrats, Silicon Valley tyrants, left-wing activists and depraved corporate news media” at work to censor Americans’ speech. Trump announced his 2024 bid to reclaim the presidency last month. Categories: Campaign, Media, Technology Tags: 2024, Campaign, Censorship, disinformation, Free speech, misinformation, Trump.

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That crypto-currency-mixers are such a dangerous national-security threat we regard as a merit.
by professor rat 15 Dec '22

15 Dec '22

That crypto-currency-mixers are such a dangerous national-security threat we regard as a merit. Just goes to show the worlds last superpower fucks with cypherpunks at their own peril. Death to America means life for everyone else - welcome to the global anarchist revolution. The USA's regulatory arbitrage bid looks like matching the EU's - that's when they get their crypto regulations act together - it presently recedes before them like a mirage in the desert. And even if it comes - and betters the Chinese - that still only means massive money laundering is guaranteed just below the threshold. Page 459, " Too big to fail" by Andy Sorkin "...Goldman had been on Wachovia's payroll as its adviser, and as such, knew every aspect of its internal numbers..." https://www.theguardian.com/world/2011/apr/03/us-bank-mexico-drug-gangs

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Cryptocurrency: Altruism Is NOT Government
by grarpamp 15 Dec '22

15 Dec '22

https://www.youtube.com/watch?v=HPM6rf0-e6M SBF "Charity" Charity is NOT to the US Govt Political Party, Government does not save lives, it destroys them, Government has never been shown "good", it's "bad" by definition, so stop doing that. Charity gives to the have-nots, not to the Politicians whose only definition and existance is to take-more. Personal Responsibility is Self-Education Due Diligence and Caretaking, not trusting some closed source secretive central exchange, random shitcoin scams, and Govt. Sam will be given second chance tests, to create opensource P2P DEX, to do transparent Good for the World, but never if by giving $Billions to prop up Government Fraud Theft Violence War Murder and Political Force Over Others, only if to peoples and their non-Govt projects in Voluntary Human Freedom and Advancement. Altruism is teaching doing giving the good yourself, not relegating offloading that responsibility to Govt which always turns it into evil force. Effective Altruism's evidence and reason would conclude to forever eschew Government, not to continue to prop it up. That is the chance that everyone has been given, and not least now also via Crypto Freedom. https://en.wikipedia.org/wiki/Altruism

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Erin Plante needs killing ( My 2k sats )
by professor rat 15 Dec '22

15 Dec '22

Here is a much more acute threat than, say . . .Liz Rabbit Warren https://twitter.com/eeplante Erin Plante @eeplante · Sep 3 This week I had the fun experience of filming a VICE documentary with an Emmy award winning director, at the super cool Chainalysis Inc. headquarters in NYC <<< Kill one pentagon employee - scare one thousand

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How to surrender to cryptoanarchist terrorists
by professor rat 15 Dec '22

15 Dec '22

Surrender early - surrender often - surrender groveling & begging for mercy - especially if you're a POTUS https://cointelegraph.com/magazine/ethics-101-crypto-projects-negotiate-hac… Reposts not humiliating collapse conditions for the USG

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Elon Musk’s Twitter Is a Shakespearean Psychodrama Set in Silicon Valley
by professor rat 15 Dec '22

15 Dec '22

Those whom the Gods wish to destroy painfully they first make barking mad Elon Musk’s Twitter Is also an exercise in gross hypocrisy. ariehkovler 3h Replying to @DavidSacks Oh come on. To go from "everything legal is welcome here except incitement to violence" to "oh now we care about harm reduction but only for billionaires' jets" is not a remotely credible position. You just spent months arguing that harm reduction is woke censorship. << Mollusk go fuck your ugly mother up that shithole you fell out of.

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Elon Musk’s Twitter Is a Shakespearean Psychodrama Set in Silicon Valley
by Gunnar Larson 15 Dec '22

15 Dec '22

Elon Musk’s Twitter Is a Shakespearean Psychodrama Set in Silicon Valley https://www.bloomberg.com/news/features/2022-12-14/elon-musk-twitter-owners… Shortselling Telsa to the Moon?

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