by Eric Blair
New grassroots cyber currency, the Bitcoin, may provide the perfect vehicle to operate outside the establishment economy and snub the all-powerful banking cartels — it’s decentralized, quasi-anonymous, and its supply is regulated by an algorithm to actually create deflation over time.
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The masses are beginning to understand that the greatest threat to human freedom is the international banking cartel and their debt-based monetary system. Together with governments, they squash any manifestation of a free marketplace and personal freedom. Between runaway money printing, corporate cartel control, subsidies and taxes, and regulations and fees; the free market is nothing more than an ideology — for now.
As the “Too Big to Fail” private banks consolidate even further with the help of their central baking partners and government puppets, it would seem that they form an all-powerful cartel. They force us to use their monopoly money to pay for all necessary goods and services. They track every economic transaction to plunder as much manufactured taxes and fees as possible. Income taxes are extracted to prop up the debt-based system, the Wall Street casino, the domestic surveillance prison, and endless wars. And on top of that, the consumer is ravaged by increasing inflation. Indeed, the system smashes personal and economic freedom.
Incidentally, it seems the precise remedy to such a system would be decentralization of currency and banking, or functioning in an underground economy outside the system. There may be hope for accomplishing both with the new crypto-currency that is beginning to gain recognition, the Bitcoin. Can this decentralized barter currency free humanity from the grip of the slave masters and provide for a truly free-market economy?
Tagged with: anarcho-capitalism • asset protection • autarchy • bitcoin • freedom • liberty
Filed under: Uncategorized
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The premise is revolutionary; however, one major flaw is apparent to me. Cyber control. The Corporate/Government control of the internet would at the very least impose a huge tax on bitcoin, if not outlaw it altogether.
Dave,
Bitcoin’s peer to peer nature cannot be stopped by government unless they shut down the internet. They cannot do this because the economic damage would be much worse than any damage bitcoin could ever do. If they shut down the internet – they shut down commerce. The populace would march on Washington and hang the perpetrators who attempted to do this. There are also other projects in development that will be able to circumvent regular internet controls. Regarding taxation: governments can’t tax what they don’t know about.