European Central Bank Sets Negative Interest on Deposits Less Than 1 Week After Bilderberg Conference

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Posted by Cynic | Posted in Awake, Banking, Bitcoin, Money | Posted on 06-06-2014

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European Central Banksters (criminals) logo

European Central Banksters (criminals) logo

The Bilderberg conference ended less than a week ago and now the European Central Bank (ECB) has set negative interest rates on deposits (0.1%). Here are a few articles on it:

  1. Draghi Takes ECB Deposit Rate Negative in Historic Move
  2. Bitcoin Price Turns Upwards with European Banking Negative Interest
  3. ECB imposes negative interest rate
  4. European Central Bank Institutes Negative Interest Rate

The 2014 Bilderberg conference ended on June 1st. The ECB was represented there by Benoît Coeuré, a member of the Executive Board of the ECB.

Coincidence? Well, for the negative interest rates to be set up, I’d imagine it would take them longer than 1 week. However, I wouldn’t be surprised if they had prepared it, taken it to Bilderberg and talked it over there to mitigate the sticker shock for keeping savings in the bank.

The amount of deposits by EU banks at the ECB is around EUR 29 billion (as pointed out by the Economic Policy Journal – link #4 above) while the Fed has trillions (#4).

So the question is whether or not this is simply a small, dry-run of negative interest rates on deposits to see if it will run under the radar well enough to implement on a larger scale, e.g. at the Fed or at commercial banks. We’ll see.

But either way, conspiracy or not, or dry-run or not, this is a seismic shift in the methodology and manner of flow of money through the banking system.

The practical side of this is that it now costs money to save money. i.e. It’s like having a paper cup with a hole in the bottom; if you’re thirsty, you’d better drink fast. Or in other words, the banksters are trying to destroy your ability to save.

Did you still need a reason to buy bitcoins? This is it. Get some of your money into bitcoins, because that is what the banksters can’t steal.

And that, kids, is what we call watching history in the making… (Not all history is good…)

PLEASE JUMP!

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Posted by Cynic | Posted in Banking | Posted on 19-02-2014

To all you banksters out there…

PLEASE! FUCKING JUMP!

http://www.zerohedge.com/news/2014-02-18/third-jpmorgan-banker-jumps-his-death-hong-kong-said-be-33-year-old-fx-trader

The only problem here is that more of you vampiric shits aren’t jumping.

Please… Jump. Do it.

The more of you that die, the better the world is.

You have destroyed so many lives. You have murdered far too many people. Please… please… please…

Just fucking jump!

And good riddance to you. Burn in Hell you sick fucks.

Another Salvo from China in the Currency War

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Posted by Cynic | Posted in Banking, Money, States | Posted on 22-11-2013

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China is backing off it’s USD feast saying that it has had quite enough for now.

http://www.bloomberg.com/news/2013-11-20/pboc-says-no-longer-in-china-s-favor-to-boost-record-reserves.html

China, not China“It’s no longer in China’s favor to accumulate foreign-exchange reserves,” Yi Gang, a deputy governor at the central bank, said in a speech organized by China Economists 50 Forum at Tsinghua University yesterday.

With China buying less American debt, the “good times” for the US are coming to an end. This decreased demand for the USD will cascade down into the ranks of the poor and middle classes and wreak havoc as all financial crises do.

As the dollar loses value, prices will begin to rise. Keep in mind that real inflation is much higher than government reports due to how they manipulate the inflation calculation methodology. Here are a couple charts from Shadow Stats that illustrate the disparity:

The question now is how much value will the USD lose now that its single largest buyer is no longer going to be buying?

We are looking at the start of the end for the USD. It’s been losing purchasing power for a century now with less than 4% of the value it had 100 years ago. Inflation numbers have been hidden from most people through manipulated methods, and now are poised for a massive acceleration as the USD is on the verge of dropping into free-fall.

In a recent Keiser Report, Max Keiser warned that we’re on the edge of seeing a 30-year bond bubble pop. With US bonds being one of the largest out there, and demand for them drying up as China backs off and the Fed hints at tapering their Quantitative Easing money printers, it looks like the needle is getting closer.

I’m very curious as to how the US dollar collapse will play out. If it’s anything like the Asian currency crisis in 1997/1998, we’ll see this disease spread the same way. The Canadian CAD, the United Kingdom GBP, the Swiss CHF, the Japanese JPY, the Australian AUD, and the European EUR will all suffer as each of those countries has been printing money similarly to how the American have.

With Canada linked at the hip through it being the US’s largest trading partner, I expect to see the devastation hit Canada first. This might not play out like that though as Canada’s banks are rumoured to be relatively stable. Perhaps the toxic debt may cascade elsewhere first. But that won’t stop the massive hit Canada will take in terms of trade when the US can no longer afford to purchase goods from Canada.

This is going to hurt. A lot of people are going to pay dearly for supporting their criminal governments and their insane spending sprees.

With any luck, we’ll see a return for the value of gold and silver, and perhaps even bitcoins. That $10,000/ozt gold and $100,000/BTC may be closer than anyone realises.

Foreign Policy’s Power Map

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Posted by Cynic | Posted in Awake, Banking, Money, Politics, Rant, Uncategorized | Posted on 05-05-2013

It is far from rare to see total BS in the media, but the following is a spectacularly skewed list.

http://www.foreignpolicy.com/articles/2013/04/29/the_500_most_powerful_people_in_the_world

For the sake of ease, here’s an Excel file that you can sort to have a deeper and easier look into the FUD:

Foreign policy top 500 powerful people

In there you’ll find all manner of insanity and disinformation. But, then again you only need to look at how they compiled the list:

Is it possible to identify the 500 most powerful individuals on the planet — one in 14 million? That’s what we tried to do with the inaugural FP Power Map, our inventory of the people who control the commanding heights of the industries that run the world, from politics to high finance, media to energy, warfare to religion. Think of it as a list of all the most important other lists. Here’s how they stack up — and why (sorry, declinists!) Americans are still No. 1 in pretty much everything that matters. For now.

Sources and Methods: Where possible, we took a “list of lists” approach, consulting the authoritative rankings for a given industry and substituting judgment where quantitative assessments do not exist. Among our sources: Box Office Mojo Yearly Box Office, Citypopulation.de by Thomas Brinkoff, Forbes 100 Most Powerful Women, Forbes World’s Most Powerful People, Global Finance World’s 50 Biggest Banks, Fortune Global 500, Global Journal Top 100 NGOs, Institute of Media and Communications Policy International Media Corporations, Pensions & Investments/Towers Watson World 500, PFC Energy 50, SIPRI Military Expenditure Database and SIPRI Top 100 companies, Sovereign Wealth Fund Institute Fund Rankings, Times Higher Education World University Rankings by Thomson Reuters, Vanity Fair New Establishment List, Wall Street Journal MarketWatch World’s Largest Mutual Funds.

So, we’re relying on sources like banks? Really? Well, by some measures, that would certainly be correct. After all, who owns the world governments? (Hint: It isn’t the people.) But look at how they categorise people and just think about it for a few moments…

Here are a few highlights…

BRAINS

Of the 38 intelligent people in the world, 27 are from the US of A. Notably, the 1 nuclear scientist on the list isn’t intelligent… He’s just “evil”.

Interestingly, the “brains” list is dominated by CEOs, corporate presidents, chairpersons, company founders, etc. etc.

ARE YOU FUCKING KIDDING ME? This is what they call brains? If you ever needed a reason to believe in the doom & gloom that so many predict, this is it. Money = Brains.

And then somehow Barack Obama manages to get into the “brains” category. WTF!?! Well, if you think it’s smart to continue endless wars against abstract nouns and phantoms, then perhaps.

Britain 4
China 1
Japan 4
Russia 1
South Korea 1
USA 27

It’s simply stunning that “brain power” is dominated the way it is in the list. Stever Ballmer? Really? These are the most powerful brains on the planet?

BULLY PULPIT

As you might expect, the only opinions in the world that matter are from the US of A. Of the 79 people whose voices matter, 35 are from the US.

As you might expect, executives from many media organisations make the cut here, as do many politicians and several religious leaders.

– (Dali Lama) 1
Argentina 1
Brazil 1
Britain 6
Burma 1
Canada 3
China 3
Egypt 2
France 3
Germany 3
India 2
Israel 3
Japan 3
Mexico 1
Nigeria 1
Qatar 2
Russia 1
Saudi Arabia 1
South Korea 1
Sweden 1
Turkey 3
USA 35
Vatican City 1

FORCE

Of the 78 people who wield a great deal of force in the world, it would be irresponsible to list the US with a monopoly there. After all, who would you have to blame as an enemy for your next war?

Speaking of, the Orwellian named “Defense minister/secretary” takes 16 spots there.

Now… ready to crap your pants? Private citizens also make the list. Yep. Not politicians. Those include executives from Raytheon, BAE Systems, Boeing, Lockheed Martin, and General Dynamics. Those are 5 of the most dangerous people on the planet according to Foreign Policy.

The rest of the list is mostly rounded out by other military and intelligence service chiefs.

Afghanistan 1
Australia 3
Brazil 2
Britain 5
Canada 3
China 5
Colombia 1
Denmark 1
Egypt 1
France 4
Germany 3
India 3
Indonesia 1
Iran 3
Israel 3
Japan 2
Jordan 1
Lebanon 1
Mexico 1
Netherlands 1
North Korea 1
Pakistan 2
Russia 6
Saudi Arabia 2
South Africa 1
South Korea 3
Spain 1
Turkey 2
UAE 2
USA 12
West Bank 1

GOOD

Of the 40 forces of good in the world, over half come from the US. Perhaps strangely, while the Dali Lama managed to nag a “Bully Pulpit” position, he didn’t manage to get credit for being a force for good in the world.

Bangladesh 1
Britain 3
China 1
France 2
Gambia 1
Germany 1
India 2
Japan 1
New Zealand 1
Portugal 1
South Africa 2
South Korea 1
Switzerland 1
USA 22

Somehow Ban Ki-moon managed to make the list. Really? The fellow who heads up the UN? The UN is one of the most corrupt, evil organizations on the planet. If you don’t think so, you really need to have a deeper look into what the UN actually does, because you are woefully ignorant about the UN. Look up Agenda 21 and understand the implications of it. (Hint: If they get their way, you’ll be living in a shoebox with a prescribed diet that includes <0.01% of the vitamin D your body needs (I’m being generous there).

Even more Orwellian, the president of the World Bank manages to get on the “good” list. Seriously? It gets worse… Christine Lagarde, IMF managing director, is on the “good” list. But then again, so do Bill & Melinda Gates…

EVIL

Well, you can expect all the usual suspect on the “evil” list. No real surprises if you swallow the MSM “us vs. them” BS. Well, a few surprises, like Obama not making the list…

Afghanistan 2
Algeria 1
Egypt 1
Iran 3
Iraq 1
Lebanon 1
Mexico 3
North Korea 1
Pakistan 1
Russia 1
Sudan 1
Syria 1
West Bank 1
Yemen 1

MONEY

Money is what makes the banksters stick their hands down their pants, but they’re not alone. Of the 216 names on the list, the US gobbled up a full third.

Argentina 1
Australia 2
Austria 1
Brazil 4
Britain 9
Canada 3
China 16
Colombia 1
Finland 1
France 13
Germany 12
Hong Kong 6
India 3
Indonesia 1
Iran 1
Italy 6
Japan 12
Kuwait 1
Mexico 5
Netherlands 2
Nigeria 1
Norway 3
Qatar 1
Russia 14
Saudi Arabia 6
Singapore 2
South Africa 3
South Korea 2
Spain 2
Sweden 1
Switzerland 2
Taiwan 1
Thailand 1
Turkey 1
UAE 1
USA 73
Ukraine 1
Venezuela 1

POLITICS

And, then we have the politics…  That was a far more diverse list with 118 names on it, but 62 countries represented with the US only taking 16 spots.

Afghanistan 1
Algeria 1
Argentina 3
Australia 3
Belgium 1
Brazil 5
Britain 6
Burma 2
Canada 3
China 9
Egypt 2
Ethiopia 1
France 5
Germany 4
India 6
Indonesia 4
Israel 1
Italy 2
Japan 7
Lebanon 1
Mexico 5
Nigeria 1
Pakistan 1
Philippines 1
Poland 2
Portugal 1
Qatar 1
Russia 4
Saudi Arabia 3
South Africa 2
South Korea 4
Sweden 1
Turkey 4
UAE 3
USA 16
Vietnam 1
West Bank 1

I’ve gone over just a few points, but you can filter through the list with the Excel file and have a look at just who Foreign Policy says are the top 500 most powerful people in the world.

But it should be pretty obvious that Foreign Policy is touting banksters, corrupt politicians, corporatists, and war mongers as the “top 500” kinds of people that we should all aspire to be. Sickening.

Is Barack Obama one of the most powerful? Certainly. But he, along with most of the other people on the list, should also be labeled as a force of evil on the planet.

Dear Mr. Paul Krugman, About Bitcoin…

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Posted by Cynic | Posted in Awake, Banking, Cynicism, Money, Politics, Rant | Posted on 15-04-2013

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Dear Mr. Paul Krugman,

I read your recent piece about Adam Smith and bitcoin.

http://krugman.blogs.nytimes.com/2013/04/12/adam-smith-hates-bitcoin/

Once again, it seems all roads in economics come down to the roads.

Perhaps, Mr. Krugman, you can explain how without roads, goods and services can be delivered to people efficiently?

It appears that you agree with Adam Smith, and that you two might agree with some other similar arguments. For example, when it comes to corn, as Smith uses, we might take it that wealthy land owners with large estates aren’t putting their land to the best use. For that matter, how much space does anyone need? Perhaps it would be better to bulldoze all the estates, and the suburbs? By moving people into small cubicles, we can free up land for more productive uses, like GMO corn from Monsanto. Because as we all know, if it isn’t patentable, it’s not worth anything. Why not maximize profits for all we can?

Silver and gold as currency? Surely jewelry has no value. Keeping silver & gold as a currency can’t serve any purpose, can it? Neither is silver used in any industrial applications? It must not play any part in electronics, because Adam Smith told us that silver isn’t valuable, and since he’s dead, he must be right.

No, Mr. Krugman. You are just another symptom of the problem. You perpetuate outright lies. Well, if you believe them, then they’re not lies, but I’d bet that you’re not a complete and total moron.

Silver and gold have many real world applications. Please try to educate yourself and find out about the industrial applications of silver and the worldwide silver production capacity.

When it comes to Bitcoin, Mr. Krugman, perhaps you would do well to understand what cryptography is, what its applications are, and try to understand how cryptographic analysis of numbers and verifications of transactions creates a currency that is based in mathematics (cryptography) that cannot be debased like how the USD and the JPY are being raped by central banks at the moment.

You make a fool of yourself when you open your mouth with such utterly incompetent and ignorant drivel. Or rather, you appear to be a fool to people who understand the issues. Would I be wrong to guess that doesn’t include the readership of the New York Times? Because otherwise, I’d bet that you’d have kept your mouth shut.

Sincerely,

Ryan

Canadians Bullish on Bitcoin

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Posted by Cynic | Posted in Awake, Banking, Canada, Money, Philosophy, Politics | Posted on 08-04-2013

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Over the past while I’ve noticed disparities in prices in different bitcoin exchanges.

In particular, the VirtEx exchange in Canada often trades at around 10% higher than mtGox.

 

Typical bid/ask spreads at mtGox are around 1.2% to 1.6% of the BTC price, with most bidding trading around the even dollar and $0.50 marks. It’s common to see $5+ spreads, but those generally close up pretty quickly.

Spreads on the VirtEx are typically wider than those at mtGox with $5 spreads being common for much longer periods.

The larger spreads seem to indicate some hesitation or uncertainty, but the consistently higher trading prices at VirtEx indicate that Canadians are quite bullish on bitcoin and willing to pay a bit more simply to get it easier and faster at another exchange. Why wait days or weeks to get on an exchange when you can get into the VirtEx market almost immediately? The price is rising so fast that even if BTC is trading higher, you’ll come out far ahead.

Cheers,

Ryan

 

 

 

 

 

 

 

 

Bitcoin Hit Piece After Bitcoin Hit Piece

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Posted by Cynic | Posted in Banking, Logic, Money, Philosophy, Politics | Posted on 07-04-2013

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Mainstream news is reporting hit piece after hit piece on BITCOIN. It’s a non-stop parade of pundits all coming out to scream the horrors of bitcoin and how it is nothing but a bubble.

But remember, these are the same kinds of pundits that rallied around the dot-com bubble singing its praises, and the same pundits that failed to see the subprime mortgage housing bubble until it was too late. Their credibility is lacking, to put it politely. Just to illustrate the degree of ignorance, allow me to indulge in a few laughs…

Here’s an article from The Telegraph

http://www.telegraph.co.uk/finance/personalfinance/comment/9975539/Bitcoin-is-clearly-a-bubble.html

‘Bitcoin is clearly a bubble’
Many people in the developed economies yearn for a financial system that does not have the option to rob them.

By Andrew Oxlade

9:06PM BST 05 Apr 2013

That is why gold has been so much in demand during the financial crisis – and popular with shrewd sceptics in the years before.

The clarion call of those “gold bugs”, shrill in normal times, sounds more reasonable in the “new normal” – the age of unrestrained money printing and financial repression (using monetary policy to shift the wealth of citizens to government).

This explains why Bitcoin – a global “cyber currency” – has exploded in popularity. The temptations of this phenomenon are easy to grasp: we crave an opportunity to hold wealth in a currency that cannot be devalued by printing more of it.

Bitcoin, alas, is not that. More Bitcoins can be created by those who have a powerful enough computer, although there is apparently a ceiling on the total currency.

People are ignoring the warnings, with the price charging higher. It is clearly a bubble – a tempting vessel for money, arriving during the perfect storm of currency debasement and the seizure of savings in a eurozone state – Cyprus.

As in every bubble before – from the South Sea Company bubble of 1711 to the dotcom boom and bust at the end of the millennium – investors eagerly part with their money on the conviction that prices will rise and they’ll step off at the right time. But no one knows whether today is the day investors wake up to their error.

The wise money will steer well clear.

In the highlighted portion, the author demonstrates utter ignorance about bitcoin. No, there is not an “apparent ceiling”. There is a hard ceiling limit of 21 million bitcoins that can possibly be created for the rest of eternity.

In talking about “those who have a powerful enough computer,” he again illustrates utter ignorance about bitcoin and further ignorance about technology in general. The predicted end of bitcoin mining (digitally “printing” or creating bitcoins) will end around 2140. Now, it is possible that quantum computing or some other as of yet uninvented form of computing could shorten that significantly. However, it doesn’t really matter as the difficulty factor in mining bitcoins increases as more are created, and it doesn’t particularly matter whether you are dead for 10 years or 100 years when the last bitcoin is mined. You’ll probably still be dead.

When the author says, ” The wise money will steer well clear,” I really have to wonder, if he’s that ignorant, would the best bet be to do the exact opposite of what he’s advocating?

But he’s far from the most ignorant or the most hostile out there. There is a great abundance of nay-sayers. Every day there is a new hit piece, so why not just pick another one at random to have a little fun with?

Venture Beat came out with a pack of lies. Oops? Did I say lies? I meant… No. I meant lies.

http://venturebeat.com/2013/04/05/coinbase-phishing-bitcoin/

Coinbase phishing attacks are the 3rd Bitcoin security problem this week

Sorry, but the security issue has nothing to do with bitcoin.

There have been Paypal phishing attacks pretty much non-stop since Paypal began. How would this be for a headline?

Paypal phishing attacks are the 300 millionth US dollar security problem this week

Perhaps just a tad insane? The recent security issues surrounding bitcoin are not bitcoin related issues. But, what they do illustrate is that bitcoins are VALUABLE and that people will go to great lengths to steal bitcoins. If bitcoins had no value, would people try to steal them? Hardly. These kinds of dishonest hit pieces insult one’s intelligence, as the authors must really believe that you are either incredibly stupid (if you’re in IT or a geek) or incredibly ignorant (we are all ignorant of many things) to believe such blatant lies.

One of the dominant themes in bitcoin hit pieces is that bitcoin can be used for “illegal activity”. Here’s a CNBC hit piece as an illustration:

http://www.cnbc.com/id/100618934

Bitcoin Great for Narco-Dollar Traffickers: Pro

Published: Friday, 5 Apr 2013 | 7:58 AM ET
By: Matt Clinch

Digital currency bitcoin has seen a spike in interest coinciding with a huge rally, but it has divided opinion greatly with analysts differing on whether it’s an advancement in the monetary system or just a large Ponzi scheme that should be avoided.

Davide Serra, founder and CEO of Algebris Investments, is firmly in the latter group, likening the recent surge in bitcoins to tulip mania in the 17th century, when the market for plant bulbs reached extraordinarily high levels in the Netherlands before suddenly collapsing.

If you’re a narco-dollar trafficker you’re going to love it, because basically it’s a way to smuggle money through,” Serra told CNBC Friday.

Bitcoin is a virtual currency allowing users to exchange online credits for goods and services. While there is no central bank that issues them, bitcoins can be created online by using a computer to complete difficult tasks, a process known as mining.

“Someone who tries to buy it comes on TV, pushes the story and hopefully tomorrow you can sell it for a higher price. That’s not a currency—that’s a ponzi scheme,” Serra said.

According to Serra, the system relies on selling bitcoins at a later date to “a greater fool.”

No central bank, no pension fund, no institutional investor will ever put a dollar into this thing,” he said.

The hit piece continues, but of course it comes out swinging with the “bubble” angle, then goes on to slander it by associating it with narcotics.

The funny thing is, haven’t the fiat currencies been used for a lot longer for drugs? Where was the hit piece on “Canada dollar gaining popularity with drug traffickers” or other similarly insane article title? Bitcoin is a medium of exchange and is hardly responsible for whether people want to buy or sell drugs.

Now for his comment on central banks, pension funds and institutional investors… I happen to know of at least 1 deal that is being put together with exactly those people in mind, and that what the author has stated is simply false, if not a flat out lie. (While I would love to comment on the deal, it is confidential. I simply happen to know enough about it.)

About the “Bubble”

Countless articles call bitcoin a bubble, but I have yet to see anyone address the underlying assumptions that would justify that claim. Perhaps if the standards that have been applied to other markets applied to bitcoin, then certainly there would be a common foundation for those claims to rest on. But those standards do not exist the same for bitcoin.

Bitcoin is a free market currency, and there is nothing like it in the world. Well, there are some other crypto-currencies, but other than those, none.

Not even gold & silver are comparable anymore. JP Morgan has paper silver short positions that dwarf the amount of available physical silver. No, silver and gold are already highly manipulated outside of actual gold and silver through paper shorts. Can this happen to bitcoin? Yes. Will it? The jury is out on that one. The market is only going up, so short positions simply don’t make sense right now. The market needs to level off with less upward volatility for shorting to become possible. There are some exchanges that make it possible, though we are nowhere near seeing that quite yet.

Some other markets, have caps on how much a stock can go up or down. That doesn’t exist for bitcoin as we’ve seen.

Bitcoin is also new to the market and there is a very limited supply of them available. What we are seeing is the initial valuation of the bitcoin after a couple years of testing the waters.

There is a great deal of investment in bitcoin from a lot of people. While mtGox is the largest exchange, the currency itself is decentralized, is not subject to regulation, cannot be regulated, and has no single point of failure like centrally controlled currencies do, i.e. the central banks that can tank currencies through printing money, e.g. Zimbabwe, the United States of America (the Federal Reserve). With the freedom that comes with bitcoin, and the massive investments from so many people world wide, and a lack of any single point of failure, it is hard to imagine a downside to bitcoin. Ooops. Nope. Not if you’re part of the establishment and are threatened by bitcoin, then bitcoin itself is a downside.

The Establishment’s View

That bitcoin threatens the established powers in banking, finance, and government has not been entirely lost by all the establishment pundits. Some are very aware.

http://www.bloomberg.com/news/2013-04-05/bitcoin-really-is-an-existential-threat-to-the-modern-liberal-state.html

Bitcoin Really Is an Existential Threat to the Modern Liberal State

…Nonetheless, Bitcoin raises some interesting questions. One is whether it might undermine the modern state — which, for many of its libertarian-anarchist advocates, is the whole idea…

From the horses mouth, to your screen. The pundit there still doesn’t quite understand that tax is theft though…

Taxation: How do governments collect taxes on transactions in Bitcoin? The answer is they don’t, and they can’t. Crypto-currency’s strong protections on anonymity make it impossible for any state to know who is buying what, who is paying whom, who earns what, and who has what in savings. That poses a direct challenge to the power of states to levy taxes.

The problem is that Bitcoin makes tax evasion easier. States could enforce reporting of Bitcoin income for individuals and businesses, as they try to do for cash, which is also hard to track. But encryption and the peer-to-peer network structure make Bitcoin even harder to follow than physical cash, and digital cash is much better than the physical kind for storage and transactions, so the scale of the challenge could end up being much bigger.

Few articles even bother to put any thought into bitcoin, so I must hand it to Mr. Soltas, as he has apparently taken the time and effort to actually understand what bitcoin is and what it can do for us. Even if he’s on the wrong side of the fence about tax there. 🙂

He ends his article with a wonderful taste of what could be:

In the next chapter of the history of currency, money might very well turn on its creator, and roll back government.

There are a few other well thought out articles and reporting on bitcoin in the MSM, but most of them miss the point about freedom. Instead, they try to slur freedom with accusations of “tax evasion” (i.e. refusing to allow yourself to be financially raped by the local criminal organization that many people call “government”) or “illegal activities” or “drugs”.

The hit pieces will continue. There is a lot at stake here. The most important of which is freedom.

Cheers,

Ryan

Bitcoin Hit $100 USD

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Posted by Cynic | Posted in Banking, Money, Solutions to Problems | Posted on 02-04-2013

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Well, Bitcoin just hit $100 in a big way. Massive buying with orders as large as 1,000 BTC and numerous orders filled in the hundreds of BTC. It will roll back a bit, but the next time, it’ll be over $100.

 

 

 

 

 

Frackin’ Reserve! for Android

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Posted by Cynic | Posted in Awake, Banking, C#, Google, Logic, Mobile, Money, Philosophy, Politics, Software | Posted on 27-01-2013

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Frackin’ Reserve is now available for Android!

In an effort to try and help educate people about the inevitable mathematical fraud of fractional reserve banking, I’ve released an Android version. It’s 100% free. Pass it around, and let’s END THE FED!

Frackin’ Reserve lets you simulate what happens in the money cycle with fractional reserve banking. It demonstrates how banksters print money out of thin air and how that money very quickly mushrooms into massive quantities of debt.

Make sure to check the articles listed below as they fully explain the fraudulent nature of fractional reserve banking.

“Once a nation parts with the control of its credit, it matters not who makes the laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talks of the sovereignty of Parliament and of democracy is idle and futile.” — William Lyon MacKenzie King

GET FRACKIN’ RESERVE FOR ANDROID

You can find Frackin’ Reserve for Android in the Google Play store here:

https://play.google.com/store/apps/details?id=com.renegademinds.frackinreserve

GET THE SOURCE CODE

As with all other versions, I’ve made the full source code is available for free. There are notes in there to help you compile it as it requires some very minor tweaks to compile (you must have a strong name file).

DOWNLOAD: Frackin Reserve Android source code

However, in a massive departure from my norm, I did put Google ads in the version that you download from the Google Play store. (I pretty much never put any kind of advertising in my free software, and am generally not very fond of ads in my own software or web sites.) It takes a lot of time and effort, and I figure that if I want to keep up with some of this activism, I need to try and make some money from it in order to off-set the costs of me spending my time elsewhere trying to make a living. I do hope that people appreciate that I’m not trying to get rich or anything – just trying to pay bills. While I thoroughly enjoy this, it takes away from development time for other things that I need to put food on the table. (If you would like to help support Frackin’ Reserve, please consider having a look at my commercial audio software to help musicians learn new songs – Guitar & Drum Trainer.)

FRACKIN’ RESERVE FOR ANDROID SCREENSHOTS

Here are some screenshots on tablets and phones, with both older and newer versions of Android for the phone screenshots. Click to zoom on any of them.

MORE PLATFORMS & INFORMATION

For versions for other platforms and articles on fractional reserve banking, please see below.

Windows: Frackin’ Reserve
Linux and Mac OS X: Frackin’ Reserve
Web Edition: Frackin’ Reserve

You can download the entire package of all device software here (excludes the web version):

ALL PLATFORMS: Frackin’ Reserve

Just extract the file, go into the platform folder, and choose what you are looking for, either the program that you can run, or the source code.

Articles:

Part 1 – The Mechanics of Fractional Reserve Banking
Part 2 – What is Money?
Part 3 – “How” Fractional Reserve Banking Creates Money and “Why” it is Fraudulent
Part 4 – Run on the Banks? Or Run on the People?
Part 5 – Compound Interest as Invisible Slavery
Part 6 – Summary & Additional Resources

Please remember to rate Frackin’ Reserve and pass it on to friends and family. When enough people discover just how evil fractional reserve banking is, together we can END THE FED and end the control of the money supply by private banksters.

Cheers,

Ryan

Frackin’ Reserve! for Linux and Mac OS X

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Posted by Cynic | Posted in Awake, Banking, C#, Money, Politics, Software | Posted on 27-07-2012

Tags: , ,

The first version of Frackin’ Reserve! was only for Windows, and the second version was a web version, but suffered from some typical web limitations. This version is cross platform for Windows, Linux, and Mac OS X. It requires Mono, which is a free download that you can get here.

Frackin’ Reserve! is a fractional reserve banking and compound interest simulator to help explain the fraudulent nature of the monetary system. A 6-part series that explains the fraud can be found here.

As with the previous versions, you can download the complete source code here:

https://github.com/RenegadeMinds/Frackin-Reserve

It’s not all perfectly clean as much of it is directly from the first Windows version where the programming style is more linear so that non-programmers can easily follow along and read the tutorial comments.

You can also download a stand-alone version here. Depending on your computer setup, you may need to open a terminal and run it with the following command:

mono FrackinReserve.exe

The program will then run natively. (GTK# does an excellent job with the native platform GUI look and feel.)

On Mac OS X, you can download and extract the program, then open a terminal and run it like this:

And it looks like this:

Similarly, on Linux (Ubuntu):

Which looks like:

I have no setup packages or installers for Linux or OS X yet, and don’t know when I’ll have time for them.

Cheers,

Ryan