You are here

Dollar Vigilante

Subscribe to Dollar Vigilante feed
Updated: 9 hours 1 min ago

The Home Of Central Banking Embraces Bitcoin - TDV Week In Review: October 19, 2014

Sun, 10/19/2014 - 13:31

The Netherlands, and specifically Amsterdam, has, in recent history, been known for its marijuana culture. But now, the birthplace of the world's first stock exchange and central bank, is becoming home to banks with an open mind about bitcoin.

Big banks in China and the US are avoiding bitcoin ventures, although some of hinted otherwise. Dutch banks, contrarily, are embracing bitcoiners as potential customers. National regulators are not cracking down on bitcoiners like in other nations and bitcoiners are noticing. Major bitcoin startups from around the world are setting up shop in Amsterdam.

For those interested in the history of central banking, the Netherlands' interest in bitcoin is underscored by that it is home to the world's first central bank - the Bank of Amsterdam. Found in 1609, the bank was the first public bank to offer accounts not directly convertible to coin as a response to the chaotic economic environment of the time.

According to Mark Buitenhek, ING Groep NV (INGA)'s global head of transaction services, "customers want change, and that change could be bitcoin."

"We are very expressly looking at what it is, what it can do and, mostly, what the message behind it is," Buitenhek said at a conference. "And that tells us: Banks, take action." ING is the Netherland's largest bank by total assets.

Dutch regulators, like many nation-states, have warned about the risks of using bitcoins. But the authorities in the Netherlands have also looked into the crypto-currencies potential.

"They are willing to let this technological experiment unfold," Jeroen Blokland said in an interview. At the same time, authorities are warning anyone who wants to use it as an investment to "be careful, be very careful."

Bitcoin businesses are choosing Amsterdam over Europe's more traditional tech hot spots like London and Berlin. BitPay, based in Atlanta, Georgia, has opened an office in the Netherlands, while BitFury, a startup that manufactures equipment for the bitcoin network, plans on basing major operations in Netherlands as well.

The Netherlands is home to about 5 percent of all bitcoin "nodes" - a source of computing power for the network that authenticates transactions. This is not far behind rates for Germany, Britain, Canada and France, and is more than China. The original bitcoin client software - Bitcoin QT - has been downloaded in the Netherlands nearly 130,000 times, one of the highest rates in the world on a per-capita basis.

Kim Gunnik, a policy officer for innovation and cybersecurity at the Dutch central bank, said the regulator believes companies could "learn something from virtual currencies" like bitcoin.

"Technological innovations in the financial industry and in payment traffic can entail huge opportunities and large benefits for society," Gunnink said.

The central bank downplayed the notions that bitcoin could replace legal tender - the euro -  in an official statement on virtual currencies on May 8.

ABN Amro is one bank that has taken the bitcoin community aboard. Paul Iske, head of the bank's innovation center, said virtual currencies are "to some extent a Black Swan."

"We're not excluding them," and the bank will assess each proposition separately, he said. "That's the kind of bank we want to be."

Bitcoin enthusiasts nonetheless face resistance in the Netherlands, as the country is already part of a European payment system, and banks power a popular and cheap online direct-debiting system.

"The Netherlands is among the absolute front runners," ING's Buitenhek said. "I think we will be and remain pioneers, just as bitcoin is rising very rapidly here compared to other countries."

Click here or on thumbnail

Bitcoin Boulevard

Amsterdam is even home to a "Bitcoin Boulevard." That's right. At 17:57 on March 20th - the start of spring in the Netherlands - all of the businesses along two canada-side streets in the city center began accepting bitcoin; that is, nine restaurants and one art gallery.

Unofficially the two streets running along the canal – Bierkade and Groenewegje – will also change their name to ‘Bitcoin Boulevard’.

Of the restaurants accepting bitcoin, one is a beer hall with more than 160 beers, one's a cafe and one's a vegetarian restaurant.  The M Restaurant will also be holding a daily bitcoin 'happy hour', when all guests paying with the digital currency receive a discount.

[Editor's Note: Jeff Berwick and Justin O'Connell are putting the finishing touches on a Bitcoin Report which will be available first to TDV subscribers here.]

Insights or comments? Let us know!

Justin O’Connell is the Chief Executive Officer of GoldSilverBitcoin.  He is also the author of the bitcoin book, Bitcoinomics, and administrator of the Bitcoinomics website. Justin is also a co-host at Our Very Own Special Show, a lifestyle podcast about music, news, life and other topics, and head researcher at The Dollar Vigilante.  He lives in San Diego, California.

 

 

   

Before we get to the review, lets look at what was in the latest edition of TDV Newsletter. First, Jeff Berwick had a look at the stock market and its recent volatility, while Ed Bugos did the same and looked at the future of gold. Next, Justin O’Connell wrote on Bitcoin wallet security, and James Guzman interviewed Jonathon Lockwood. Next, as he does in all of our subscriber publications, Jeff rounded up absurdities of statism from around the globe. 

If you’re interested in receiving articles beyond what you read here everyday, consider our weekly subscriber-only publications, like our Issue, Dispatches, and Homegrown. You may subscribe here.

On to the review…

Monday October 13

THE FAPPENING, THE SNAPPENING AND THE END OF PRIVACY

Jeff Berwick on internet privacy in the age of the fappening and the snappening.

Many of my views, which just a few years ago were considered radical, have gone mainstream. I predict that my views on the Fappening and the Snappening, which right now might be unorthodox, will also be more accepted in the coming years. While a few years ago I was considered by many colleagues to be a tinfoil hat wearer, many of them come to me today to learn about ways around the ubiquitous, governmental spy networks. They all feel the same way I do about it. 

continue reading…

Tuesday October 14

ARE YOU A FASCIST?

Jeff on what might be your true political orientation. 

You might scoff at the question, "Are you a fascist?" But you should give yourself more credit. Mussolini defines "fascist" quite simply: "Fascism should more properly be called corporatism because it is the merger of state and corporate power."

So, after all, maybe you are a fascist. Here, let me explain. There are countless examples of fascism in everyday American life.

continue reading…

Wednesday October 8

YES, WE CAN! OPPOSE THE STATE...BUT BE CAREFUL 'HOW'

Wendy McElroy on opposing the state and its consequences

You can't fight City Hall. This is propaganda issued by City Hall – government and bureaucrats – to discourage those who would dissent, rebel or resist. “Nothing can be done to change the situation,” they declare, “so nothing should be attempted.”

continue reading…

Thursday October 9

THE EBOLA POLICE AND WARFARE STATE

On ebola and its response...

While we aren't surprised it is still with amazement how easily many people can be whipped into a frenzy of fear.  After all, two years ago, if you were to say to a person the two words, "ISIS" and "Ebola" they would have no reaction whatsoever.  In fact, they wouldn't even know what you were talking about in regards to ISIS as it didn't even exist at that time in its current form (it existed as the Israeli Secret Intelligence Service for decades before that but hardly anyone knew about it). 

continue reading…

Friday October 10

PREPARED FOR THE DOLLAR COLLAPSE? THEN YOU ARE PREPARED FOR EBOLA.

Jeff's continued coverage of ebola...

We write regularly here at The Dollar Vigilante about the collapse of the dollar and the US economic system. We spend less time on possible epidemics and other issues, but what we've found throughout the years is that preparing for the collapse of a currency is very much like preparing for an ebola outbreak or other epidemic.

continue reading…

TDV VIDEO

This week, Jeff interviews John Potash and Cody Drummond on the Anarchast.

Have a look at our wide array of informative videos featuring interviews, opinions, and analysis on TDV’s media page.

TDV SERVICES

Don't forget, TDV is much more than a newsletter.  We also offer many of the solutions to the problems we identify in the letter to help people internationalize their self and wealth to protect themselves from The End Of The Monetary System As We Know It (TEOTMSAWKI). Check out all our services designed to help you gain more freedom in your life here:

Remember, if you have any questions, concerns, or issues with what you've read on TDV, write us at: tdv@dollarvigilante.com.

Thanks as always for reading or subscribing!

TDV Interview: School Sucks Podcast

Fri, 10/17/2014 - 11:42

Traveler, entrepreneur and financial writer Jeff Berwick joins Brett Veinotte off the School Sucks podcast to continue a new series where I talk to people I admire about their successes, challenges and habits. Jeff is the host of Anarchast and the creator of the financial newsletter, The Dollar Vigilante.

Part 1:

Click here or on thumbnail

Part 2:

Click here or on thumbnail

 

Anarchast: The Peacekeeper App

Fri, 10/17/2014 - 11:23

Jeff interviews Cody Drummond, developer of the revolutionary Peacekeeper App, topics include: the Peacekeeper App, the police state, collapse of the empire, home security networking with friends, neighbors and family, police can't get there quick enough, neighborhood watch, fire fighting, medical emergency, free market solutions, Acapulco police strike, Bitcoin and much more.

Click here or on thumbnail

 

Prepared For The Dollar Collapse? Then You Are Prepared For Ebola.

Fri, 10/17/2014 - 06:16

[The following post is by TDV Chief Editor, Jeff Berwick]

We write regularly here at The Dollar Vigilante about the collapse of the dollar and the US economic system. We spend less time on possible epidemics and other issues, but what we've found throughout the years is that preparing for the collapse of a currency is very much like preparing for an ebola outbreak or other epidemic.

There's a lot of disinformation when it comes to ebola, but surviving such an outbreak comes down to certain fundamentals. For one, don't trust your government.  Individuals generally let their spirit be broken and turn to government because they perceive government is somehow better at solving problems than individuals spontaneously self-organizing. Many individuals don't ever look at the people put in charge of keeping them safe. If they did that more often, they wouldn't feel nearly as secure as they do.

One does not need to look any further than the White House Homeland Security adviser Lisa Monaco, who was recently discussed as possibly being named the person in charge of coordinating the government's response to the Ebola outbreak.  Or as many in the government have put it, the "Ebola Czar".  Forgetting for a moment that the word "czar" originally came from the word "Caesar" (which makes sense since the US is today's Rome) and that it used to be a term for Russian monarchs (which also makes sense since the US is also going the way of the Soviet Untion),  she has no professional medical expertise. Earlier this month she assured the public that the government would have no trouble stemming the tide of Ebola.

“We know how to do this, and we will do it again,” Monaco said at a press briefing.

She was speaking like a president in no time.

“It’s very important to remind the American people that the US has the most capable health-care system and the most capable doctors in the world, bar none," she said.  Which may or may not be true and is certainly debatable... but the point is that those most "capable doctors" are the result of the private market... one in which she appears to be taking some sort of credit for.

Ultimately, Monaco did not get the job. Another, even more inexperienced individual got it: Ron Klain. How will Ron save you from ebola? Well, he might not be too sure, but he at least has some lawyer and political experience, so everything will probably be just fine.

It's quite interesting to take note that most of the US government's response so far has been to send troops to Africa, SWAT teams to hospitals and hire non-medical people more experienced with controlling populations than with any medical experience.  It looks more like the US war machine is going to war both abroad and at home on a virus (more on that below). 

Getting back to the ways of the government, putting inexperienced people in positions of high authority is one of the things government does best. Just look at Belgium's "health" minister.

Now, we are not saying that she shouldn't be considered for the welfare job position (she is paid from extorting others) of using violent force (government) to make sure they are healthy by macro-managing their lives.  What we are saying is that if Gold's Gym were to hire their VP of BodyBuilding, she would likely be pretty quickly glossed over for the job.  But, that's the problem with the private/free market, isn't it? That'd be inequality!   

Americans should feel quite comfortable amid an ebola epidemic, as their media has ensured they are prepared.

EBOLA IN AMERICAN MEDIA

Media has made much to do about the ebola virus and how the world is unprepared. Perhaps politicians and bureaucrats can get some ideas from Hollywood. The Ebola virus has been on the US's mind for a long time, as can easily be demonstrated by reviewing the media in recent history.

Click here or on thumbnail

The 1995 film Outbreak follows an Ebola-like virus breakout starting in a small town in California. The primary settings in the film are government disease control centers USAMRIID and CDC.

The movie raised various "what-if" questions, as major media outlets discussed what the government would do in a real-life outbreak, and if the CDC had plans to prevent a real life outbreak. Just a few months after the film's release, a real-life outbreak of the Ebola virus ravaged Zaire.

Kara Bosworth, an actress from the movie, is shocked by the recent ebola outbreak.  Her advice? "Just stay away from sick people."  But if you watch the trailer for the movie it is very clear that, in their portrayal, an epidemic results in a massive police and martial law rollout.

Click here or on thumbnail


Tom Clancy's Rainbow Six, published in 1998, featured bad guys who were a bunch of hardcore environmentalists who also founded/operate a Big Pharma-type corp that develops an enhanced version of ebola that can be spread in the air...the initial release of the virus was supposed to occur "naturally", with a "vaccine" as a second phase mass delivery vector.  Slime (Time) Magazine put together in 2011 this nice list of epidemic movies, which you might enjoy now. (since all you'll get on mainstream media is ebola hyperbole)

Back in reality, everybody is dealing with the ebola coverage in their own way. Many are even awake to the possibility that there may be more here than meets the eye.

Many have laughed at Chris Brown for making this tweet, but his thought is not at all  unprecedented. The Tuskegee experiment was just one of many US government operations in which US citizens were given a virus for "studies".  This from Wikipedia on Tuskegee:

The Tuskegee syphilis experiment was an infamous clinical study conducted between 1932 and 1972 by the U.S. Public Health Service to study the natural progression of untreated syphilis in rural African American men who thought they were receiving free health care from the U.S. government.

So you can't put it past the government to infect its own citizens with viruses and diseases. In fact, maybe the government is even hinting at that themselves. In the following video, you will hear a government spokesperson refer multiple times, not to an ebola outbreak, but to the ebola "attack." 

Click here or on thumbnail

If it is an ebola "attack", the government and the so-called "Fourth Branch" of government - the media - have done a fantastic job over the decades getting Americans ready. 

HOW TO REACT TO EBOLA AND THE PANIC

As we've stated numerous times we still don't know how real this threat is.  What we do know is that this has all the trimmings of, at the very least, a hoax in many respects.

The reason we haven't given our perspective on how to prepare for this being a real disaster in the past is because all of the advice we have been giving here for years to survive the collapse of the US dollar and The End Of The Monetary System As We Know It (TEOTMSAWKI) is all the same whether it is for TEOTMSAWKI or ebola.

We have advised, already, to get out of major population centers in the US.  We've also advised to just get completely out of the US as we see nothing good coming to that area for the coming years and believe it will be ground zero for the financial, monetary and economic collapse.  If ebola hits in a real way, the system will come crashing down shortly thereafter. We've advised to always have some cash on hand in case the banks/ATMs close, always have some precious metals on hand in case fiat currencies become worthless due to hyperinflation and we've advised to have at least a few months worth of food, water and supplies in your house in case the economic system comes to a screeching halt and grocery stores become emptied in a matter of hours and advised to grow more of your own food and become self-sufficient.

In fact, all of our five Killer B's are the same for TEOTMSAWKI as they would be for ebola.  

Bullion.  Have precious metals both on hand and internationaly diversified (see our special report, Getting Your Gold Out Of Dodge for more on that)

Bitcoin.  If the police state cracks down in the event of TEOTMSAWKI or an ebola outbreak (real or imagined) you may not even want to leave your house for a while making it tough to transact for things you want or need... in this case, bitcoin may come in handy even if just to transact on things globally, especially if an ebola epidemic causes the economy to crash which will assuredly cause banks to collapse.

Bullets.  We are expecting societal collapse in the West during TEOTMSAWKI and the same goes with ebola.  If there is a real epidemic then economic activity will come to a near halt.  Most people in the US are living paycheck to paycheck and are not at all prepared for anything like this.  So, it's good to have armaments on hand to protect yourself and your family from those who, unfortunately, were not aware of what is going on in the world.

Bud.  Medical marijuana is an excellent investment that we have been participating in (and focus on at TDV Golden Trader) as it becomes legalized around the world.  In the event of an ebola outbreak it might not hurt to have some around the house, though, to chill out after a long day of fighting zombies.  Not to mention marijuana, especially the cannabis oil, has untold health benefits.

Being.  This, as we always say, is the most important.  Being prepared physically, mentally and spiritually for TEOTMSAWKI.  In the case of ebola it is even more important.  If you are still eating processed foods, fast food, not exercising, not getting enough sun and don't have a positive mental attitude then your immune system is likely very weak.  It is very simple to have good health and your medical doctor will likely never tell you how but prescribe you more chemicals which treat your symptoms and make you even weaker.  We will be launching The Health Vigilante soon for all natural ways to keep your physical body in good working condition... something that is always of value.

And we advised our subscribers to prepare for a lot of volatility, fear and panic in the markets a few weeks ago and advised them to invest in plays on that such as buying leveraged options on the Volatility Index (VIX) which has more than doubled already in the last few weeks.  With or without an ebola outbreak we think the markets are going to go through an incredible amount of volatility over the coming year so we are already prepared.

CONCLUSION

We still see the biggest risk of the current ebola mania in being the government's response to it... more than the actual virus itself.

As we said above, if you are prepared for TEOTMSAWKI then you are already prepared for ebola and the potential police state that grows up around it.

Stick with us here at the TDV Blog or subscribe to The Dollar Vigilante newsletter to always stay one step ahead and find ways to free yourself and wealth from the extraordinary popular delusions and the madness of the crowds.

Has ebola been on your mind? Let us know why in the comments!

Jeff Berwick

TDV Interview: The Rundown Live

Thu, 10/16/2014 - 14:16

Jeff is interviewed by Mike Paczesny and Kristan T Harris for The Rundown Live, topics include: Ebola is manufactured, forced vaccination, isolation camps, the federal reserve is evil, government debt, no free market in the US, the internet is a free market, US dollar collapse, expatriation, the police state, Mexico more free than the US, Galts Gulch project, Anarchapulco, immigration, freedom, over-regulation, Anarcho-Capitalism, ISIS, propaganda, privatization, free market, The Market for Liberty.

Click here or on thumbnail

 

The Ebola Police And Warfare State

Thu, 10/16/2014 - 11:18

[The following post is by TDV Chief Editor, Jeff Berwick]

While we aren't surprised it is still with amazement how easily many people can be whipped into a frenzy of fear.  After all, two years ago, if you were to say to a person the two words, "ISIS" and "Ebola" they would have no reaction whatsoever.  In fact, they wouldn't even know what you were talking about in regards to ISIS as it didn't even exist at that time in its current form (it existed as the Israeli Secret Intelligence Service for decades before that but hardly anyone knew about it).  In regards to Ebola, it would have elicited a shrug from almost everyone.  

Two years ago, after all, Kony was the most important thing happening in the world.  Don't remember?  That's my point.  Kony 2012 was the meme of the day and the organisation which urged grassroots campaigners to help take down the African warlord Joseph Kony made nearly $20 million with its Kony 2012 campaign.  Its overall revenue for the year, made up from various sources including the Kony 2012 campaign, was $31.94 million. Its total expenses were $15.98 million. Of that, the company spent 81.48 per cent on "media, mobilisation, protection and recovery".

The director of Kony 2012 then ended up having a nervous breakdown and was video taped naked and masturbating on the streets of San Diego.  Kony 2012 faded and then in the last year they tried it again with the Boko Haram supposed kidnapping of hundreds of girls in Nigeria.

Remember this?

You probably don't remember.  It was six months ago, after all, already down the memory hole.  But that was the most important thing on Earth that week... until it was exposed by locals that no girls had been kidnapped in Nigeria.

That quickly faded after that and left the US empire wondering how they could possibly get troops into Africa since other attempts in the past had mostly failed.

THE WAR ON EBOLA

And so, just in the last few months a new panic has been manufactured.  Ebola!  We wrote about it here, "Ebola Is Coming For You - But Don't Worry The Government Has The Serum".

Since that time, Americans who were said to have contracted Ebola have been flown to the US (which makes perfect sense if you have a highly transmittable deadly virus to fly it to your country), then Barack O'Bomber sent in thousands of troops to West Africa to "lead the fight against ebola".  Most countries, if they were concerned about a dire medical situation would send in thousands of doctors... not the US though!  The War Of Terror has been waining dramatically in popularity so a new war had to be started as the Washington Post headlined, "The US Military's New Enemy: Ebola".

And, just today, O'Bomber cranked up the attacks even more, stating he was going to get more "aggressive".  The Centers for Disease Control and Prevention will have "SWAT teams" ready to send to hospitals where future cases are discovered, he said.

Also, the City of Dallas appears to be ready to call for a "state of emergency" because of ebola.  A declaration of emergency “activates the appropriate recovery and rehabilitation aspects of all applicable local or interjurisdictional emergency management plans and authorizes the furnishing of aid and assistance under the declaration.”

In addition, under a state of emergency, “the county judge or mayor of a municipality may control ingress to and egress from a disaster area under the jurisdiction and authority of the county judge or mayor and control the movement of persons and the occupancy of premises in that area.”

And on Monday a Fox "news" broadcaster was calling for "quarantine camps" to be set-up across the country.

What's the panic level like in Mexico over ebola?  Or Argentina?  Or Cambodia?  Or almost any country outside of the US and Europe?  Zero or very little.  Where are the calls from the public on plans to deal with ebola in other countries?  There are none... and probably rightfully so.

If you live anywhere in the US right now and are panicking about ebola you need to immediately turn off your television.  While we certainly aren't experts, at all, on viruses, we do take note of all the panics that have been promoted by the media over the last few decades that never came to fruition.  Swine flu, SARS, bird flu, HIV/AIDS (remember Oprah saying this in 1987? "Research studies now project that one in five — listen to me, hard to believe — one in five heterosexuals could be dead from AIDS at the end of the next three years. That’s by 1990. One in five.").  Global Cooling (Time and Newsweek predicted a coming ice age in the 1970s), acid rain (1980s), global warming (2000s), .  Al Qaeda (2000s), ISIS (2010s), Korasan (which lasted for a few weeks, last month)...

It's no wonder the largest cause of death in the US is "heart disease"... faced with this much fear porn its no wonder everyone hasn't died from a heart attack yet.

EVIDENCE OF A HOAX

If you ask many in the Middle East about ISIS they will tell you that they think it is a US backed and funded organization... and rightfully so since as much has been admitted openly by the US government.

And if you ask many people in Liberia what they think about ebola you will find the same.  The largest newspaper in Liberia stated that it believed ebola is a US government manufactured virus.  There is certainly evidence to that effect as the US Center for Disease Control patented a strain of ebola virus in 2010.

But, more than that, many on the street in Liberia are saying it is all a complete hoax that people are "dying in the streets by the thousands" of ebola.

Again, solid evidence of this being a hoax can be found all over as independent media sleuths worldwide examine the evidence.  This particular video is chock full of questionable items.

Click here or on thumbnail

And this video asks a very valid question.  If ebola is so real in Liberia why is there such a massive media campaign in Liberia telling people "ebola is real".  If ebola is as serious of a pandemic as they want us to think, people will know it, believe me.  If everyone in your town was dying from ebola you don't need a marketing campaign to tell you its real.

Click here or on thumbnail

IS EBOLA A REAL THREAT TO HUMAN LIFE ON EARTH?

It's still too early to be sure that ebola is not a real threat but as evidence continues to pour in it definitely appears to be more of a media panic than a serious concern at this point.  Much more concerning is the government's reaction to the real or imagined crisis in wanting to send troops to Africa, possible travel controls, sending in SWAT teams in the US to make sure it doesn't spread and talks of quarantine centers being set-up across the country.

More than anything this looks like yet another use of the Hegelian dialectic by The Powers That Be (TPTB).  That dialectic, most easily explained is Problem-Reaction-Solution.  In these terms, you create a false crisis which provokes public outcry for "something to be done" and then you offer them a solution in the form of mass-vaccinations, more government/police control and continued Empiricism throughout Africa and the Middle East.

In those terms, this threat is very real and being rolled out right now.

If ebola is a serious threat there is no amount of guns, police states, vaccines, travel controls or wars that will stop it.  For now, turn off your television and watch how quickly ebola just goes away all on its own.

Are you panicking and in fear of ebola and think we are crazy?  Comment here!

Jeff Berwick

Yes, We Can! Oppose The State...But Be Careful 'How'

Wed, 10/15/2014 - 04:22

[Editor’s Note: The following post is by TDV contributor, Wendy McElroy]

You can't fight City Hall. This is propaganda issued by City Hall – government and bureaucrats – to discourage those who would dissent, rebel or resist. “Nothing can be done to change the situation,” they declare, “so nothing should be attempted.”

A corollary lie is that one person cannot successfully stand up against the system. Bradley/Chelsea Manning, Julian Assange and Edward Snowden prove the opposite. Each contributed a surprise plot twist in the history of totalitarianism being written by officials. Each also point to the price individuals can pay for speaking truth to power. They provide valuable lessons on how to dissent, rebel or resist while sustaining the least possible damage to your life. [Note: the following are examples of extreme dissent, not more muted protest such as walking down a street while carrying a sign.]

Spotlighting Others Who Made a Difference

Other dissidents have grabbed recent headlines for counter-state actions in the past.

On the night of March 8, 1971, eight proto-Snowdens stole files from an FBI office in Media, Pennsylvania. They were anonymous members of the leftist anti-Vietnam war group, Citizens' Commission to Investigate the FBI. After careful surveillance, the activist-burglars timed the break-in to coincide with the hyped boxing match between Muhammad Ali and Joe Frazier; they figured security guards would be glued to their radios.

The resulting files documented the FBI's COINTELPRO program with its explicit mission to "expose, disrupt, misdirect, or otherwise neutralize" groups considered to be "subversive." Anti-Vietnam war and civil rights organizations were particular targets. The purloined information was disseminated to media sources, many of whom initially declined to publish. Enough information became public to create a furor, however, especially in concert with the Watergate scandal. The ensuing Church Committee, named after its chairman Senator Frank Church, investigated the FBI, CIA, and NSA for illegal gathering of information. COINTELPRO was disbanded. And Americans learned shocking secrets about government such as the FBI bugging of Martin Luther King and the CIA medical experiments on American citizens. 

Despite a massive FBI campaign, the eight activist-burglars were never identified. Most of them voluntarily revealed themselves 43 years later in a book entitled The Burglary: The Discovery of J. Edgar Hoover's Secret FBI (2014) by former Washington Post reporter, Betty Medsger; Medsger was one of the first journalists to receive the original documents. The last activist-burglar to speak out was Judi Feingold. A recent headline in The Nation declared, “Breaking 43 Years of Silence, the Last FBI Burglar Tells the Story of Her Years in the Underground.”

Why now? One of the eight died in 2013. According to The New York Times, William C. Davidon, the recruiter and leader of the team, had planned to reveal his involvement.  Perhaps the others realized time would make a decision for them if they did not decide for themselves. Besides which, the statute of limitations has passed, children have grown, retirements have been taken. Other radicals, such as members of the Weathermen, had emerged without consequence. The government is unlikely to prosecute or persecute senior citizens whom many consider to be heroes. For one thing, they would be articulate, unrepentant defendants who resembled everyone's grandparents while they raised issues the current NSA would rather not address.

How did the eight remain undetected? All but one member of the team (Feingold) stayed in the general area of Philadelphia because sudden moves could draw suspicion. Davidon continued to teach physics at Haverford College and went on to become a leader in the antiwar community, as he otherwise would have. Two others, John and Bonnie Raines, made the break-in their final act of rebellion, and focused instead on daily life. John is now retired from his many years as a professor of religion at Temple University. During that time, Bonnie ran a daycare center and went on to become a children's rights advocate. The couple blended in, and hid in plain sight. With one exception, the lives of the eight were remarkably unchanged by their act of dramatic defiance.

A key to their success: no one broke ranks or spoke out...until Medsger's book.  Although they were in close proximity for decades, members of the team rarely spoke to each other, and they never gathered together. When they spoke out, they believed Feingold was dead.

Feingold had fallen off the radar. She had pursued the equally successful but far more arduous strategy of going underground with many relocations and jobs that paid cash. Feingold called it “horizontal” rather than “vertical” living. By this she meant a life that did not rise through the expected stages of college, career, marriage, children... It moved across the board on the same economic and lifestyle level only in different venues.

Feingold stated her motive, “I chose a path of nonviolent direct action. I committed a federal crime with serious consequences. I knew my life would be fundamentally changed. I had made the right decision for me. My heart was breaking then over the deaths in Southeast Asia.” She claims to have no regrets even though she is the one activist-burglar whose life was thrown into chaos.

What Can Be Learned From Manning, Assange and Snowden?

None of the three more current whistle blowers chose to hide in plain sight or to go underground. Manning seemed content to stay at the same military position from which he had transmitted government documents to Wikileaks. But he made the one mistake the activist-burglars had eschewed: he confessed to a friend who did not participate in the leak. Adrian Lamo turned Manning over to the authorities. 

The lesson: shut up about it.

Julian Assange took the opposite tack from 'hiding in plain sight'. He flaunted the whistle blowing. He seemed to count on hubris, public prominence and popularity to shield him from persecution. The charge that drove him into sanctuary within the Ecuadorian embassy in London is telling. Sweden launched an unprecedented attempt to extradite him on suspicion of rape. From Sweden, he would almost certainly have been re-extradited to the dubious justice of the United States, a justice of which Manning is so painfully aware.

The rape accusation is clearly manufactured and a pretense. But Assange is also clearly a careless man – perhaps through arrogance – who allowed sexual and other situations to damage him unnecessarily. He played a high-profile game that was doomed to fail because his opponents were so much more powerful. He finally fled to the only option left open – neutral ground upon which American authority flexed no muscle. That should have been his starting point.

The lesson: do not go high profile while playing ball on your enemy's court...unless, of course, you wish an end-game confrontation that will almost certainly not turn out well. It doesn't matter if you are innocent. The other side will manufacture crimes, if necessary. .

Edward Snowden is more instructive. Snowden knew to get as far away as possible from America's sphere of authority and influence. He ended up in Russia, with his long-term girlfriend ultimately joining him in exile. He knew to partner with kindred-spirits in the media – first and foremost, Glenn Greenwald – upon whose support he could depend. Snowden also knew to downplay any arrogance or taunting of authority. He presented facts and arguments, and then walked away from the camera.

The lesson: if you eschew anonymity, then don't shake your fist within the jurisdiction of the targeted authority. Use media but be discerning because, more often than not, the popular ones will turn against you. Do not make the act of dissent all about you rather than about the exposed injustice. You will look foolish and become fodder.

Conclusion

You can fight City Hall. You can win. And win without suffering devastating (or any) consequences to your life. But there are rules. They include: secrecy, having trustworthy companions, being discreet rather than arrogant, hiding in plain sight or removing yourself to a 'safe' jurisdiction, and being willing to disappear. 

[Editor's Note: Whether you are a whistleblower or not one of the most prudent actions to take is to remove yourself from the US government in every way possible.  For Americans that can mean expatriating, living outside the US and especially getting a foreign passport.  If Edward Snowden had a second passport he would have many more options than he does today.  Check out TDV Passports to find out how to free yourself from oppressive regimes as thousands of other Americans have already done.]

Comments? Join us at TDV!

Wendy McElroy

Are You A Fascist?

Tue, 10/14/2014 - 14:28

[The following post is by TDV Chief Editor, Jeff Berwick]

You might scoff at the question, "Are you a fascist?" But you should give yourself more credit. Mussolini defines "fascist" quite simply: "Fascism should more properly be called corporatism because it is the merger of state and corporate power." 

So, after all, maybe you are a fascist. Here, let me explain. There are countless examples of fascism in everyday American life.

For instance when you send your kids to government school for their state-approved common core "education" sometimes they will have a list of marginally nutritious foods to choose from, like chicken fingers and french fries and pasteurized milk. Private companies raise these foods, make these foods, and deliver these foods to your child so that they can sit in hard chairs and stare at blackboards invented in the 11th century (and thanks to government still in use today) and learn the US government's version of history (which is often in direct opposition to factual record).

In this way, private companies work with the government to not only help fatten up the kids at school but also take their cut of money that has been extorted (taxed) from the public all while giving them a good down-home style indoctrination.

Out on the streets, no, it's not just police keeping the streets "safe" from people going five miles over the speed limit or not coming to a complete stop at a stop sign. Companies like Redflex and American Traffic Solutions are there day-in and day-out to serve your ticketing needs. 

E-Gov link is a company that helps many small towns earn good, honest income into the millions of dollars every year by serving people with everything from speeding to parking tickets. E-Gov link wants to make paying your fines so simple that it even allows towns to accept Bitcoin.  It's wonderful, really, if you think about. How else would the towns make money, since they produce virtually nothing people would actually pay the government for if there were better options.

Hate going to the DMV and begging for permission to travel or let the government know that you own a vehicle? Well thank God for fascism, because AAA, a private company in the USSA, let's you go to the DMV without going to the DMV! As AAA states on their website, "Fast and Easy DMV Services. Can't make it to the DMV to renew your vehicle registration? Now you can take care of select DMV tasks at an AAA branch near you."

How nice! Now instead of waiting for an entire day at the DMV for tasks you could easily complete online in just a few minutes, you can walk into a nice air conditioned AAA office and pay your tickets, your annual registration and other stuff.  That's, after all, what makes America the greatest country on Earth.  Fascism!

You see, it's not so hard accepting that you might be a little bit of a fascist. Once you accept this you can start embracing your love of fascism when you walk into your bank, watch the news, join the military, fill up your gas tank, smoke some opium (now straight from the CIA and the troops securing Afghanistan for more than a decade) or do any of the countless fascistic things Americans do everyday.  Even enjoying your sports is a stomach-turning fascist experience, unless you love fascism, which you might...

Has your city recently received a new sports stadium? If so, it is more than likely that stadium was funded by money taken from your friends even if they don't like sports or are hermits. Yes, even hermits must pay for the stadiums or risk being thrown in a rape camp.  It's for the greater good!  As you'll notice, most times when you walk into that stadium, you'll be implored to sing to a patriotic flag and stand and cheer when the field is used to glorify death and murder. 

Click here or on thumbnail

Did you enjoy that? You're probably a fascist. 

See what I mean?

Without fascism, who would bring us things like this:

or this?

Or private mercenary armies to fight right along side the good ol' troops in the eternal War of Terror...

After all, those Middle Eastern, African and old Soviet bloc countries aren't just going to bomb themselves!

And, of course, the height of fascism in the US and the source of all it's power is the private Federal Reserve banking cartel.  I think it was Thomas Jefferson who said something along the lines of, "Without a communist style private central bank there will never be true freedom and prosperity in America".  Or maybe I heard him wrong.  

Some people think Thomas Jefferson had this to say on central banks, "The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered."

Well, who knows, that happened years ago, who can say.

But as you can see if it weren't for everyday fascism there would not be the America you know today. If you live in the US, and you like it, then you are a fascist.  Stand tall, be proud.  After all, Hitler was also a fascist and he was probably the least evil of all the main powers involved in WWII.  Stalin killed far more in his gulags, after all.  Stalin, that bastard commie.

You can now enjoy $16 trillion bailouts and monumental quantitative easing programs that put money in the backpockets of crony-capitalists and parasitical regulators who regulate the individual to death guilt-free.

Click here or on thumbnail

I think it's time that Americans who like their system come right out and say it proudly, "I'm a fascist and proud of it"!  They should stop hiding behind vagaries and call things what they really are.  Neo-cons... call them what they really are.  Neo-Nazis. 

Sure, you don't have to go back to the old brown-shirts and jackboots look.  After all, that was nearly a hundred years ago.  Fashion changes.  Technology has advanced.

Nowadays when you get stopped at a constitution-free zone checkpoint and get asked to show your papers, please, those protecting the Homeland look like this.

That's way cooler.

Be proud, when all is said and done, the history books will remember the United State as having perfected fascism.

The USA, number one, yet again!  Don't be ashamed of your fascism, be proud!  No one has ever done it better.

[Editor's Note: If you live in the US and aren't a fascist and can see where this is all headed subscribe to The Dollar Vigilante newsletter for info on how to survive and prosper during and after the collapse of US fascism... or if you just want to get out, ASAP, contact TDV Passports]

Agree?  Disagree?  Are you a fascist?  Comment here!

 

Jeff Berwick

Anarchast: The FBI War on Tupac

Mon, 10/13/2014 - 16:39

Jeff interviews author John Potash, topics include: the corrupt oligarchy, Tupac Shakur, Tupac was an an activist before becoming a rapper, FBI war on Tupac Shakur, Black Panthers as community activists, Huey Newton, Black Panther Cubs, Mike Tyson, entrapment, targeting of political musicians, Death Row Records was a US intelligence front, conspiracy and cover up, MK Ultra, CIA and drugs, Afghanistan, Kurt Cobain, Jimmi Hendrix, and much more.

Click here or on thumbnail

 

The Fappening, The Snappening and the End of Privacy

Mon, 10/13/2014 - 05:49

[The following post is by TDV Chief Editor, Jeff Berwick]

Many of my views, which just a few years ago were considered radical, have gone mainstream. I predict that my views on the Fappening and the Snappening, which right now might be unorthodox, will also be more accepted in the coming years. While a few years ago I was considered by many colleagues to be a tinfoil hat wearer, many of them come to me today to learn about ways around the ubiquitous, governmental spy networks. They all feel the same way I do about it. 

In 2012 I proclaimed, "The Death of Privacy", bringing up things like how the Foreign Account Tax Compliance Act (FATCA) will massively increase capital controls and limit any financial privacy.  I was one of the first ringing the alarm bells on FATCA (and offering leading edge services to protect yourself from it). FATCA is now rolling into high gear worldwide... and I spoke about how the US government is recording nearly everything you do (to many catcalls and denunciations of myself being a crazy conspiracy theorist).  Both of those items are now just accepted as fact.

One of my points in that article was that I don't mind if private companies are tracking my interests using digital technology.  If they are going to target advertising at me I'd much prefer it was for something that I am interested in rather than just my hourly spam offering viagra.

You won't find me protesting new technologies like Google StreetView, Google glasses or any other sort of privacy compromising technologies unless of course they are in the hands of governments and their cronies.  Although, with Google, how connected it is to the US government is becoming a very valid question. As I wrote,

...The problem with privacy arises, as with almost all things, with government.  Governments are thieving, criminal organizations who falsely presume to have some right to own you and your property just because you had the misfortune to be born in the particular geographic area where they run rampant.  They are extortionists.  And it makes sense to avoid giving extortionists any more info than possible about yourself and your assets for fear of even further theft.

But, here is the bad news for all you privacy buffs.  Privacy is dead.

With the Fappening and the Snappening, this has never been more true. The infamous iCloud leak, known as the Fappening, caused costernation for celebrities. Then the so-called Snappening caused costernation for the general public. Photos of 13-17 year olds are expected to be found among the photos from the 200,000 pictures leaked from the message app Snapchat, which told users photos would be deleted within seconds.

In regards to photos you take somehow ending up on the internet for everyone to see I would suggest that in today's technological age that if you take nude photos of yourself that you can pretty much expect someone will get their hands on them.  Furthermore, with the technological advances in the size and quality of digital cameras you can be almost assured that you are on video almost anywhere you go outside of your own home (and in many cases even inside your own home if you ever have workers, friends and even family members there).

So, in that sense, I think people should relax a little bit about it and become more comfortable with their own body.  It is, after all, just our physical self.  The world has too much taboo about our own natural bodies.  Especially in the US where one slip at a recent Super Bowl left Janet Jackson's breast hanging out caused a massive uproar in the still puritan-style US.

PROTECTING YOURSELF

However, aside from just realizing that you are likely on camera, somewhere, somehow (including your own webcam which can easily be hacked) at almost all times it doesn't mean that you shouldn't try to protect yourself from unwanted intrusions into your private life.

Edward Snowden just recently made this point very clearly.

Last week Snowden said that Dropbox and other services are "hostile to privacy," imploring web users to cease using unencrypted communication.  Especially since war criminal, Condoleeza Rice, just recently joined their board of directors. He made it clear why we need to protect some of our communications. To put it simply, we are now slaves. 

“We are no longer citizens, we no longer have leaders. We’re subjects, and we have rulers,” Snowden told The New Yorker magazine.

Snowden went on,“When you say, ‘I have nothing to hide,’ you’re saying, ‘I don’t care about this right.’ You’re saying, ‘I don’t have this right, because I’ve got to the point where I have to justify it.’ The way rights work is, the government has to justify its intrusion into your rights – you don’t have to justify why you need freedom of speech," Snowden said. “We're talking about dropping programs that are hostile to privacy." 

The good news is that people all around the globe are working on bringing new technologies to the table to protect our photos, videos texts and other data. 

A MENU OF ENCRYPTED OPTIONS

Some of the most influential people on the planet, alongisde Edward Snowden, are looking to put an end to government intrusion into our personal lives. Kim Dotcom was kidnapped and tortured by the US government, and this only made the MegaUpload founder stronger. After sitting in jail, he went on to found Mega 2.0. Within in the next three years Kim Dotcom has a personal goal of encrypting half of the internet.

Kim Dotcom has discussed a new type of internet, and many people are working on their own version of this idea, with the most intriguing utilizing bitcoin-centered blockchain technology.

The Maidsafe team is one group of people working towards a decentralized, uncontrollable internet. They have people like TechCrunch columnist Jon Evan supporting their notion that Bitcoin technology can save the internet.

“The blockchain technology that underlies Bitcoin is a major technical breakthrough that could, in time, revolutionize both the Internet and the financial industry as we know them,” writes Evans on TechCrunch, “and the first steps of that potential revolution are now under way.”

Evans explained how Bitcoin technology can change the net, “The ‘blockchain’ – the engine on which Bitcoin is built – is a new kind of distributed consensus system that allows transactions, or other data, to be securely stored and verified without any centralized authority at all, because (to grossly oversimplify) they are validated by the entire network. Those transactions don’t have to be financial; that data doesn’t have to be money. The engine that powers Bitcoin can be used for a whole array of other applications…”

Imagine a world in which websites don't exist on central servers but are streamed by thousands and million (if not billions) of personal devices around the world.  Another TechCrunch reporter, Natasha Lomas, believes in a post-server internet.

She stated, “What that means in practice is a network that does away with an intermediary layer of servers and datacenters – replacing that with peer-to-peer infrastructure [...] the users of the network are also acting as the network infrastructure by donating a portion of their spare hard drive capacity – with built in incentives for them to do so in the form of a network specific cryptocurrency.”

We've been on the bleeding edge of covering this transition to de-centralized money, banking and even blockchain property titles and marriages as I covered in this recent interview with Matt McKibbin of BitNation (who is a sponsor of Anarchapulco this Feb 27-Mar 1).

Click here or on thumbnail

Until the internet does become more encrypted or complete alter-internets that are encrypted and decentralized, like Maidsafe, come into being, look at making sure all your important info is encrypted now.

Instead of using Dropbox, Snowden recommends using SpiderOak. The storage startup takes more security measures than Dropbox, like not storing users' passwords. SpiderOak also encrypts data on users machines, even before it is sent to the company's servers. The company does not have any readable version of users' passwords or stored data.

When the government asks SpiderOak for your data, all it gives them is a scramble of numbers and letters. Just don't forget your password.  The Chicago startup has 1 million users about and 42 employees.

As well, PGP, a way of encrypting emails, has finally become a lot easier to use than in the past.  There is a new plug-in that you can put into your browser (Chrome and Firebox so far) called Mailvelope, which allows you to use many popular webmail interfaces like Gmail with full encrypted security.  It is the easiest one I've used to date and I implore you to begin using PGP in important emails. Mac mail has this capacity built in.

It's a technological race right now between those who want to control people and those who want to be free from control.  The more that you can make changes in your personal life to encrypt your data the more that freedom wins.  As it is right now, most internet traffic is completely unencrypted, including your email, and can be read by anyone who has access (the NSA being topmost).  By encrypting your communications you limit their ability to monitor and cause their computers to process more data which is completely unusable by them. As far as I am concerned, if you don't actively oppose the NSA, then you have no right to protest other hackers. It is a double-standard. Let's keep in mind the NSA get plenty perverted, spying on their crushes, girlfriends and ex-girlfriends.

Unless or until we reach the point where all communications are decentralized and encrypted, including the transfer of value (bitcoin), those who want to control and extort us will be able to continue to do so.

In the meantime, if you don't want naked photos of yourself on the internet you should probably just always remain clothed. 

Comments? Join us at TDV!

Jeff Berwick

Will Bitcoin Be Treated Like Online Piracy? - TDV Week in Review: October 12th, 2014

Sun, 10/12/2014 - 12:11

Banks are aware of Bitcoin. One CEO doesn't think it is long for this world. 

Bitcoin developers “are going to try and eat our lunch,” Jamie Dimon, chairman and CEO of JPMorgan Chase said last week. “And that’s fine. That’s called competition, and we’ll be competing.”

Dimon sees the point in Bitcoin.  But there are some problems he sees on the horizon. 

“I agree with real-time digitization,” Dimon agreed. “The issue I have with Bitcoin is that it’s not about the technology, it’s about governments. When people form nations, one of the first things they do is form a currency. Are regulators and governments really going to foster Bitcoin over a long period of time? I think the answer is no.

James Gorman, CEO of Morgan Stanley, echoed Dimon's sentiment.

“You have to be respectful in the face of new technologies like Bitcoin, but you don’t capitulate,” he said. “You adjust and take advantage. Consumers feel better putting their money with a brand they recognize. We have capabilities and resources that are very powerful.”

PRECEDENT IN PIRACY?

For fourteen years Hollywood has tried to undermine torrents. Each year it seems the industry doubles down their efforts. In 2013 Google and other search engines were accused of being a gateway for pirated content online.

“Search engines bear responsibility for introducing people to infringing content, even people who aren’t actively looking for it,” according to MPAA chairman Chris Dodd.

Other efforts to combat piracy include The Stop Online Piracy Act (SOPA), the well-known legislation. Proponents said the bill would protect intellectual property, while critics said it impacted free speech laws.

This bill was combated in 2012 when Wikipedia, Google, and 7,000 other smaller websites blacked out their services in protest against the bill. Wikipedia said over 162 million people viewed its anti-SOPA banner.

The Recording Industry Association of America (RIAA) stated, "It's a dangerous and troubling development when the platforms that serve as gateways to information intentionally skew the facts to incite their users and arm them with misinformation",[5] and "it's very difficult to counter the misinformation when the disseminators also own the platform."

Despite so many efforts, piracy remains a popuar internet activity. Game of Thrones, in fact, recently set online piracy records with its season premiere. Semetric, which monitors online media consumption, claims that Game of Thrones, at peak popularity, made up over half of all television-related downloads on piracy websites. When the show ended its fourth season, fans downloaded the last episode 2 million times within 24 hours.

So, as Jamie Dimon says, he doesn't expect Bitcoin to be viewed keenly by government and regulators. Dimon says banks, at least his, will compete. But, does he mean compete via legislation and lobbying like Hollywood? That has yet to be seen. It seems already, hinting towards the way of the future, the regulatory agencies treat Bitcoin differently than it does the banks.

How will regulators, and those wanting to treat bitcoin like online piracy, achieve this? One might assume they will treat it like piracy. Users of torrent sites have been the ones targeted in that arena. Bitcoiners can possibly expect the same.

There's the story of the 32-year-old Minnesota mom who was found "liable for willfully infringing the copyrights of 24 songs she downloaded off the Web and awarded record labels $1.92 million. That's about 80,000 per song.

Earlier this year, Prince fined 22 individuals $22 million for copyright infringement.

The UFC sued one man $32 million for piracy.

There's no shortage of examples.

It appears to me, despite this fight against it, pirating music is more popular than ever. The truth of the matter is, in this day-and-age, you don't even need to download the albums. All you need is a link, like this one here.*

*(COPYRIGHT STATEMENT: The linked-link is not being used to make money in any way and is for research purposes only. This is an act of fair usage as described by me in this article, therefore, let's have no beef over this link. No copyright infringement intended! This is strictly for research purposes.)

[Editor's Note: Interested in diversifying your bitcoins? Click here to learn of opportunities in the precious metal's space]

Insights or comments? Let us know!

Justin O’Connell is the Chief Executive Officer of GoldSilverBitcoin.  He is also the author of the bitcoin book, Bitcoinomics, and administrator of the Bitcoinomics website. Justin is also a co-host at Our Very Own Special Show, a lifestyle podcast about music, news, life and other topics, and head researcher at The Dollar Vigilante.  He lives in San Diego, California.

 

 

 

 

Before we get to the review, lets look at what was in the latest edition of TDV Homegrown. First, Jeff Berwick had a quick look at some investment notes, concerns, and ... conspiracies? Next, Justin O’Connell had a piece on settling your nerves and finding ways to make the best of your resources and the future of web development. Then we had a special guest appearance from TDV Senior Analyst Ed Bugos.

Next, as he does in all of our subscriber publications, Jeff rounded up absurdities of statism from around the globe. Then, James Guzman told you how to deal with your student debt! Lastly, we had Sinn Hooper discussing, what else, the orgasm.

If you’re interested in receiving articles beyond what you read here everyday, consider our weekly subscriber-only publications, like our Issue, Dispatches, and Homegrown. You may subscribe here.

On to the review…

Monday October 6

BITCOIN AT $300, PRECIOUS METALS UNDER EXTREME PRESSURE

Is this the end of precious metals and bitcoin? Jeff Berwick explains.

“With the price of bitcoin falling 20 percent this weekend to its lowest level of 2014, concerns of "how low can it go?" have cropped up on the internet. Many have wondered what this big sell is, with some screaming market manipulation of some sort. Of course this is possible but so is a whole litany of possibilities.

What if this is merely one early adopter having chosen these levels were the point at which they would sell some or all of their bitcoins. Having made millions of dollars unexpectedly, this person might be nervous about their newfound wealth and also might not have the connections to make such a sale off-market.”

continue reading…

Tuesday October 7

RE-INVENTING FINANCE: IT'S NOT JUST ABOUT BITCOIN

Jeff on thinking beyond bitcoin.

“Some people still seem to think bitcoin is unimportant... which can only mean that you are a fool or that you have not done your research.  Bitcoin is the nascent stage of an entirely new financial and monetary system. Bitcoin's invention in 2009 is similar to the Jekyll Island meetings in 1910 that ushered in the Federal Reserve... except instead of a bunch of criminal, private bankers meeting in regards to how to take over the US monetary and financial system through the use of force (government edict) it was all done peacefully, publicly, open-source and available to anyone.”

continue reading…

Wednesday October 8

THE KHORASAN GROUP: TERRORIST FLAVOR OF THE MONTH

Wendy McElroy on the terrorist you’ll be hearing about next…

“In early September, as he prepared to bomb Iraq and Syria without approval from Congress or the United Nations, Obama faced a dilemma. America had been actively at war for 13 years, ever since the 2001 U.S.-led invasion of Afghanistan. The public was war-weary. And the public would be voting Republican or Democrat in only two months time. How could he bomb with public support and without losing the election?

The situation was especially problematic for three reasons. There was general consensus that the new military front on terrorism would consume years and might require U.S. boots on the ground. Iraq and Syria posed no provable or imminent threat to the American homeland nor did they commit an act of war. And Obama had no constitutional, congressional, U.N. or other authority to launch yet another war.”

continue reading…

Thursday October 9

BEN BERNANKE IS ADDICTED TO DEBT AND GAMBLING AND HE NEEDS HELP

On the endless folly of Bernanke.

“As head of the central banking mafia's Federal Reserve System, Bernanke was publicly paid $199,750 per year and earned $250,000 in March for his first public speaking engagement since stepping down in January. Bernanke also apparently received $1 million to write his memoirs.

Bernanke has a $672,000 mortgage on a three-bedroom townhouse he owns near Capitol Hill, a mortgage he has refinanced two times, most recently last September.  He and his wife bought it for $839,000 in 2004.  That means that after ten years Bernanke managed to pay down 24% of the total mortgage amount... meaning, if he kept up that pace, not including compound interest, it would take him more than forty years to pay off his house.

Ben is now 60 years old and he wants another 30 years to pay it off!  That means he is hoping to pay it off by the time he is 90.  It's almost no wonder he got declined!”

continue reading…

Friday October 10

IS OBAMA "THE BEST ECONOMIC PRESIDENT IN MODERN TIMES?"

Jeff takes time to stop laughing to respond.

“This week, people still brainwashed by the two-party system have shared articles with titles like "It’s Official: President Obama Is The Best Economic President In Modern Times."  Taking the clickbait, I dove head first into this article, only to discover it was linking to Forbes, a publication that I think, from time to time, has a few generally good articles on the economy. But this one is so ridiculous I had to double check if it was from The Onion.

The article is flawed, to say the least. For instance, that "since May 2013 the stock market has consistently been hitting highs" is no reason to cite for the economy being strong. There's no mention that highs in the stock market are results of the Federal Reserve printing money with wild abandon.

The Forbes writer is the equivalent of showering praise on Robert Mugabe and his central bankster cohort, Gideon Gono, for how well the Zimbabwe stock market was doing in June of 2008.  Soon the central bank there would be printing trillion dollar notes.”

continue reading…

Saturday October 11

THE WEEKEND VIGILANTE

 Jeff Berwick with his weekly address to TDVers.

continue reading…

TDV VIDEO

This week, Jeff interviews Sieg Pedde and Matt McKibbin on the Anarchast.

Have a look at our wide array of informative videos featuring interviews, opinions, and analysis on TDV’s media page.

TDV SERVICES

Don't forget, TDV is much more than a newsletter.  We also offer many of the solutions to the problems we identify in the letter to help people internationalize their self and wealth to protect themselves from The End Of The Monetary System As We Know It (TEOTMSAWKI). Check out all our services designed to help you gain more freedom in your life here:

Remember, if you have any questions, concerns, or issues with what you've read on TDV, write us at: tdv@dollarvigilante.com.

Thanks as always for reading or subscribing!

Managing Editor

The Weekend Vigilante October 11, 2014

Sat, 10/11/2014 - 04:18

Hello from Anarchapulco!

I've been in reboot mode for at least the last six months as you may have noticed if you've been reading.  I've stopped drinking (which I was doing too much because things were getting too crazy), started drinking again because I was shocked at what I discovered during my moments of clarity, then stopped again as I prepared even more for what is to come.

Life's been up and down and round and round, and it has thrills and chills and is very brightly colored, and it's very loud. And it's fun, for a while.

Some people have been on the ride for a long time, and they've begun to question, 'Is this real, or is this just a ride?', and other people have remembered, and they've come back to us and they say 'Hey, don't worry. Don't be afraid, ever, because this is just a ride.' and we KILL THOSE PEOPLE.

Click here or on thumbnail

Bill Hicks' was a true genius.  And like many like him he is gone now.  In body, anyway.  Bill Hicks' spirit lives all around us... if you are open to examining reality.

But I don't want to get too deep into these things at the moment.  What I've realized in the last few months is that people who already have reached this understanding already know it... and for those who don't, they will never listen to you and will hate you for telling them.

IF YOU ARE GOING TO SAY THE TRUTH, MAKE THEM LAUGH, OR THEY WILL KILL YOU

I've realized more and more that the saying about making people laugh when you tell them the truth is true!  For that reason, people like George Carlin and Bill Hicks are in my own personal hall-of-fame of people I admire.

Here's my favorite from George.

Click here or on thumbnail

And one of many favorites from Bill.

Click here or on thumbnail

The more recent up and comers that are close to getting voted into the hall are Doug Stanhope...

Click here or on thumbnail

and Joe Rogan...

Click here or on thumbnail

And the most recent is Steve Hughes...

Click here or on thumbnail

with honorable mention to Bill Burr for defending men in a politically-correct feminist world...

Click here or on thumbnail

And look at today... who would have thought that one of the best sources of real information would be The Onion, like with this piece that I think is very accurate, "FBI Uncovers Al-Qaeda Plot To Just Sit Back And Enjoy Collapse Of United States" or that Comedy Central would have better news (although heavily socialist skewed) than any other channel...

Click here or on thumbnail

...except for the Russian government's propaganda channel, RT.  Who would have thought 20 years ago that the best source of real information/news in the US would come from the Russian propaganda channel?  But it is!

Click here or on thumbnail

Not to mention, American spies defecting from the US to Russia... like Edward Snowden...

A lot has changed and is changing!  It's actually changing at speeds that us human beings can't even begin to deal with now... 

As I mentioned, I've been rebooting my life and now try to take off some time on Saturdays and, in a completely new twist, try not to work at all on Sundays and try to spend that time mostly with my family and out in the wild doing things like getting back into golf.

The not-working-on-Sundays part is new in the last few months and I have to say, so far, the results are positive.  With all that is going on in the world today, and if you are particularly focused on it like I am, one day per week of turning off your phone, laptop, PC, TV and de-cluttering may actually be more productive than not doing it.

Prince Ea eloquently put how important it is to unplug from our life today (which is mostly all wired and connected) in this short video.

Click here or on thumbnail

Our new, realtime, always connected (and still mostly uncensored and anarchic) digital world has a tremendous amount of positives.  Today, as example, I probably communicated with 300+ people, on a direct level.  On an indirect level, it is probably 100,000+.  That has real value. 

But when you notice your kids are transforming into young adults before your eyes and you have barely spent any time with them in the last week... or month... or year... well, that's where balance comes in.  The most often heard thing on a man's death bed is his regret for not having spent more time with his family...

And so, for that reason, I'm writing a little less on the weekends now.  

During the week, however, I'm putting every ounce of my energy into trying to help people to understand these massive, fundamental, rapid changes occuring in all our lives.  I'll be announcing more this week about an event I'll be hosting in Anarchapulco, we'll be publishing more information on how to profit from the end of the War on People (the government calls it the "War on Drugs")... we'll continue to shed light on how the blockchain is emancipating humans (as we did here this week) and the weekend after next I'm going to go deep into the heart of the Empire to relay information to slaves on how to free themselves via buying precious metals right before the gates close at the Silver Summit in Spokompton, as I called it... if I am still not on the no-fly list.

And so, until next time!

Jeff Berwick

Is Obama "The Best Economic President In Modern Times?"

Fri, 10/10/2014 - 05:11

[The following post is by TDV Chief Editor, Jeff Berwick]

People still brainwashed by the two-party system have shared this week's articles with titles like "It’s Official: President Obama Is The Best Economic President In Modern Times."  Taking the clickbait, I dove head first into this article, only to discover it was linking to Forbes, a publication that I think, from time to time, has a few generally good articles on the economy. But this one is so ridiculous I had to double check if it was from The Onion.

The article is flawed, to say the least. For instance, that "since May 2013 the stock market has consistently been hitting highs" is no reason to cite for the economy being strong. There's no mention that highs in the stock market are results of the Federal Reserve printing money with wild abandon.

The Forbes writer is the equivalent of showering praise on Robert Mugabe and his central bankster cohort, Gideon Gono, for how well the Zimbabwe stock market was doing in June of 2008.  Soon the central bank there would be printing trillion dollar notes. 

Imagine how much they would have loved Mugabe by July when the stock market had skyrocketed to 6 trillion!  It kept going higher too. By October 22, 2008, the stock market was up 3,500% in one day alone!  Emmanuel Munyukwi, chief executive of the Zimbabwe Stock Exchange, said on that day, "Some people think that this is a bubble about to burst but I don't think so."

If Munyukwi isn't now working as an economic reporter at Forbes he should be!

Another reason cited for Obama's best President status is his job's record. 

When The Bureau of Labor Statistics (BLS or more appropriately, simply, BS) issued its most recent jobs report, it disappointed many people who were expecting another month above 200,000 jobs added to the economy. People were optimistic. Those greenshoots were now a valley full of diversity and bounty or so they thought.  But others, like Bob Deitrick, CEO of Polaris Financial Partners,  remained impressed by Obama's job record, as he told Forbes.

”President Reagan has long been considered the best modern economic President. So we compared his performance dealing with the oil-induced recession of the 1980s with that of President Obama and his performance during this ‘Great Recession.’

As this unemployment chart shows, President Obama’s job creation kept unemployment from peaking at as high a level as President Reagan, and promoted people into the workforce faster than President Reagan.

President Obama has achieved a 6.1% unemployment rate in his sixth year, fully one year faster than President Reagan did.  At this point in his presidency, President Reagan was still struggling with 7.1% unemployment, and he did not reach into the mid-low 6% range for another full year.  So, despite today’s number, the Obama administration has still done considerably better at job creating and reducing unemployment than did the Reagan administration.

We forecast unemployment will fall to around 5.4% by summer, 2015.  A rate President Reagan was unable to achieve during his two terms."

Firstly, if Ronald Reagan, who doubled the size of the federal government, is the yardstick of the best economic president then even Robert Mugabe could be put in a good light.  Reagan talked a good talk but once VP George Bush tried to assassinate him he began to play ball for the Bush crime syndicate.

Aside from that, however, is the fact that the BLS employment statistics have been so hedonically (or hedonistically as we say) adjusted that it has taken out the unemployment from the unemployment numbers.

Shadowstats.com calculates the unemployment figure how it was calculated prior to 1994 when the figures were adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994.  Now, if you look for a job for a while and can't find one you aren't unemployed.  You just don't want one.  Here is where the unemployment numbers currently stand if the way of calculating them was not adjusted in 1994 (and then numerous times afterward).

It currently stands at around 23%.

There are sure a lot of people who need assistance to eat considering the economy is doing so well.

It's strange also that the amount of people who are employed as a percentage of the population has dropped so dramatically since 2008.

Obama certainly has created jobs, especially for the hardworking people who have to take on a second job because their hours were cut to avoid paying for medical care. 

The New York Times has noted of job growth under Obama, "...[P]art-time jobs accounted for two-thirds of all new jobs in June." 

THE STOCK MARKET FALLACY

Deitrick sticks with his manipulation of statistics:

“As this chart shows, over the first 67 months of their presidencies there is a clear “winner” from an investor’s viewpoint. A dollar invested when Reagan assumed the presidency would have yielded a staggering 190% return.  Such returns were unheard of prior to his leadership.

However, it is undeniable that President Obama has surpassed the previous president.  Investors have gained a remarkable 220% over the last 5.5 years!  This level of investor growth is unprecedented by any administration, and has proven quite beneficial for everyone.

In 2009, with pension funds underfunded and most private retirement accounts savaged by the financial meltdown and Wall Street losses, Boomers and Seniors were resigned to never retiring.  The nest egg appeared gone, leaving the ‘chickens’ to keep working.  But now that the coffers have been reloaded increasingly people age 55 – 70 are happily discovering they can quit their old jobs and spend time with family, relax, enjoy hobbies or start new at-home businesses from their laptops or tablets.  It is due to a skyrocketing stock market that people can now pursue these dreams and reduce the labor participation rates for ‘better pastures.”

Deitrick nicely picks the very bottom of a complete collapse scenario as his starting point and makes the claim that Obama somehow saved the system at that time and the resulting returns were due to all his great work.

In reality what happened was that stocks had just collapsed as the entire financial system nearly collapsed from 14,000 the year prior and bottomed under 7,000 on the Dow Jones Industrial Average (or as is more accurate, the Federal Reserve Industrial Average) and due to a historically unprecedented amount of money printing the system was jury-rigged together and is now solely rising due to money printing and a zero interest rate policy now going into its sixth year.

This all but ensures The End Of The Monetary System As We Know It (TEOTMSAWKI) and a complete collapse of the US dollar and economy... but until it fully collapses, all praise be to Obama.

REGULATE, REGULATE, REGULATE

What else has Obama's regime done to improve the economy?  President Obama regulates. The number of regulations and rules has exploded during his presidency with acts like The Regulatory Flexibility Act which "directs federal agencies to assess the effects of their rules on small businesses." This is like the police investigating the killing of innocent people after one of their officer's opens fire. 

Agencies must, in regular reports, “describe regulatory actions they are developing that may have a significant economic impact on a substantial number of small entities." There's just one thing, however. The government can never get the reports out on time!

Once the reports do appear, it becomes clear that Obama lies through his teeth. He once said, “In fact, I’ve approved fewer regulations in the first three years of my presidency than my Republican predecessor did in his.” Not true. 

The truth is small business hurting regulations have increased under Obama. The table below shows that, at the end of 2012, rules (active, completed, and long-term) destroying small businesses "from sea-to-shining sea" stood at 854. In fact, regularly of his presidency new regulatory rules exceed 800.


Of course, if you talk to communists or economically-illiterate people they will tell you we need the government to regulate people because people are bad... so we need the government, which is made up of people, to regulate the people who are bad...

All of these new regulations of course mean more money stolen from hard-working producers. But, despite that, the national debt has still SKYROCKETED under Obama.

THE NATIONAL DEBT

When it comes to the national debt, it involves more lies from Obama. As Washington Times states,

"President Obama likes to say that raising the nation’s borrowing limit “won’t add a dime” to the federal debt, but he neglects to mention that the government already has borrowed the equivalent of more than 60 trillion dimes since he took office.

When Mr. Obama became president in January 2009, the total federal debt stood at $10.6 trillion. This week, it hit $16.7 trillion — an increase of 57 percent. In the same time frame under President George W. Bush, total federal debt rose 38 percent. Under President Clinton, it rose 32 percent.

The administration says the government will run out of authority to pay its bills by Oct. 17 unless Congress raises the debt limit again to allow more borrowing."

How does Obama portray the ultimatum that is the debt ceiling? 

“It does not increase our debt,” Mr. Obama said. “It does not grow our deficits. All it does is allow the Treasury Department to pay for what Congress has already spent.”

The truth of the matter is different.

“It’s certainly not the whole story,” Alex Brill, a budget specialist, told Washington Times. “We’ve seen a dramatic increase in the debt held by the public in the last four or five years, and it’s projected to only get worse.”

The article printed at Forbes falls short in many respects. The claim that the deficit has fallen since 2009 is gimmikry.  While it is technically true, the deficit in 2009 was a massively unprecedented $1.4 trillion.  Prior to that, even in inflation adjusted terms, the average deficit per year in the 70s was roughly $150 billion, in the 80s was roughly $300 billion, in the 90s was roughly $250 billion and in the 2000s prior to 2008 was $350 billion.  Since 2009, the average deficit in inflation adjusted dollars was $1.2 trillion (2009-2013), more than triple 2000-2008 and nearly ten times higher than the 1970s.

CONCLUSION

People still stuck in the left-right paradigm either loved the Forbes article and hated this article or loved this article and hated the Forbes article.  The reality is that it makes absolutely no difference whether it is a person with a (D) or an (R) behind their name.  The system and the American Empire is so far past over that the only difference if Mitt Romney had been President would have been in which countries he preferred to bomb from the options given to him by the Military Industrial complex.

The only thing that the President or the Government can do to help the economy is to disappear completely.  The best President, economically speaking, is no President at all.  The best central bank is no central bank at all.

Until people realize that they will continue to dwell in barely subsistence levels and warble on about which master they prefer who they perceive as being the less evil one.  The problem with choosing the lesser evil is that you are choosing evil.

In the meantime, while enough people believe in the religion of statism we'll find ways to profit from their stupidity (the dictionary definition of stupidity is a tendency towards self-destruction) and ways to protect ourselves from the inevitable collapse of this fasco-communist police state system.

For more information on how to survive and prosper during and after the dollar collapse stick with us here at The Dollar Vigilante.

Love or hate this article? Join us in the comments!

Jeff Berwick

Anarchast: Matt McKibbin of BitNation

Thu, 10/09/2014 - 19:58

Jeff interviews Matt McKibbin of BitNation, topics include: the BitNation project, building your own nation, decentralization, competing with government for their own services, cryptographic I.D. and reputation, blockchain weddings, developing nations ready for this, crypto-equity, crowd sale, massive global changes afoot...

Click here or on thumbnail

 

Ben Bernanke Is Addicted To Debt And Gambling And He Needs Help

Thu, 10/09/2014 - 14:04

“I recently tried to refinance my mortgage and I was unsuccessful . . ."
- Ben Bernanke

Ben Bernanke is addicted to a drug called credit and he can't get enough. 

Former Federal Reserve Chairman Bernanke disclosed this month that he was turned down when he tried to refinance his home. I had to double-check to make sure I was not reading The Onion. I was not. It was Bloomberg.

Bloomberg News reported that Bernanke, speaking to a crowd in Chicago, revealed, "I recently tried to refinance my mortgage and I was unsuccessful in doing so."

After the audienced laughed, Bernanke responded: “I’m not making that up.”

“I think it’s entirely possible” that lenders “may have gone a little bit too far on mortgage credit conditions,” he said.

As head of the central banking mafia's Federal Reserve System, Bernanke was publicly paid $199,750 per year and earned $250,000 in March for his first public speaking engagement since stepping down in January. Bernanke also apparently received $1 million to write his memoirs.

Bernanke has a $672,000 mortage on a three bedroom townhouse he owns near Capitol Hill, a mortgage he has refinanced two times, most recently last September.  He and his wife bought it for $839,000 in 2004.  That means that after ten years Bernanke managed to pay down 24% of the total mortgage amount... meaning, if he kept up that pace, not including compound interest, it would take him more than forty years to pay off his house.

Ben is now 60 years old and he wants another 30 years to pay it off!  That means he is hoping to pay it off by the time he is 90.  It's almost no wonder he got declined!

The failure to refinance his mortgage is just one part of the Bernanke family's problem with debt, as he recently testified to Congress that his son, who is in medical school in New York, will likely rack up $400,000 worth of student loan debt to get his degree. 

It appears he has enough money to pay off the mortgage given his book income and speaking fees (although after tax it may not be enough) and Ben may be just taking advantage of the tax deduction on mortgage payments as well as using his free cash to gamble in a stock market that is a pin prick away from a massive collapse.

If that is in fact the case, and the market does collapse by 30-50% (as many like Jim Rickards are expecting), then Ben Bernanke will be wiped out.  Which would be rather appropriate as so would tens or hundreds of millions of others!

So, in that respect you do have to give credit (no pun intended) to Ben.  He is walking the talk.  He believes everyone should go into massive debt and speculate in things like the wildly overvalued stock market and he is doing it himself.  As we've said before, Keynesianism is a form of brain damage and Ben appears to have profound Keynesianism dementia.

He seems to believe that there should never be a limit to how much debt one should have.  "I think it would be a good thing if we didn't have it," Bernanke once said of the debt ceiling. 

His policies at the Fed have caused a large amount of the US public to follow in his footsteps, unfortunately.

Overall borrowing by the US consumer rose $13.5 billion in August following a revised $21.6 billion increase in July, the Federal Reserve reported Tuesday. The rise has pushed total consumer debt to a record level of $3.25 trillion.

Contrast Bernanke's and the American public's position with that of Ron Paul, whose net worth was calculated at between $2.1 million and $5.2 million in 2012 and has no debt that we can find. The former Texas Congressmen has stakes in companies like Barrick Gold Corp, Newmont Mining Corp and Pan American Silver corp. He has done very well over the years. Paul started investing in the gold sector in the 1970's!  The former congressman's portfolio looks much more like our portfolio in the TDV Newsletter than Bernanke's portfolio of debt. Knowing that helps me sleep at night. 

And so, maybe it was a good thing Ben was turned down for yet another refi of his mortgage. He is a man suffering from the plague of two addictions. His addiction to debt which fuels his addiction to gambling.

Hopefully one day soon he makes that call to deal with his problems.  Unfortunately, the problems he has created for everyone else in the US by creating easy money and the ability for the US government to go into massive debt will not be so easily fixed.  There is no hotline or remedy for that except what we prescribe here and to get into precious metals and expatriate as much of your wealth (and self) outside of the blast zone of the US as possible.

When this debt-fueled gambling spree ends it will end in tears for all except those who prepared themselves for it and protected their wealth and self from its inevitable collapse.

Comments? Join us at TDV!

Jeff Berwick

The Khorasan Group: Terrorist Flavor of the Month

Wed, 10/08/2014 - 14:33

[The following post is by TDV Contributor, Wendy McElroy]

All the war-propaganda, all the screaming and lies and hatred, comes invariably from people who are not fighting.

--George Orwell, Homage to Catalonia

Obama has scammed the world into war...again. He is unlikely to repeat the facilitating lie this time, however. It was too thoroughly and quickly debunked for him to take the risk. Besides, there is no need. Iraq and Syria are already being bombed. Instead, the lie is now forgotten except by critics of Obama or of war.

The Lie And Why The Liars Told It

In early September, as he prepared to bomb Iraq and Syria without approval from Congress or the United Nations, Obama faced a dilemma. America had been actively at war for 13 years, ever since the 2001 U.S.-led invasion of Afghanistan. The public was war-weary. And the public would be voting Republican or Democrat in only two months time. How could he bomb with public support and without losing the election?

 

The situation was especially problematic for three reasons. There was general consensus that the new military front on terrorism would consume years and might require U.S. boots on the ground. Iraq and Syria posed no provable or imminent threat to the American homeland nor did they commit an act of war. And Obama had no constitutional, congressional, U.N. or other authority to launch yet another war.

In an article (Sept. 28) entitled “The Fake Terror Threat Used To Justify Bombing Syria,” journalists Glenn Greenwald and Murtaza Hussain explained how Obama solved his dilemma. The solution “was found in the wholesale concoction of a brand new terror threat...'The Khorasan Group'. After spending weeks depicting ISIS as an unprecedented threat — too radical even for Al Qaeda! — administration officials suddenly began spoon-feeding their favorite media organizations and national security journalists tales of a secret group that was even scarier and more threatening than ISIS, one that posed a direct and immediate threat to the American Homeland. Seemingly out of nowhere, a new terror group was created in media lore.” (Note: Khorasan is a former province of Iran. The term is sometimes used to reference a more general Afghanistan-Pakistan-Iran region.)

The meticulous stripping of the lie came only 15 days after its debut. The debut: On September 13, about a week before the bombing of Syria began, the Associated Press drew upon unnamed officials and classified (undisclosed) U.S. Intelligence assessments to warn of a new and deadlier terrorist threat. “At the center is...the Khorasan group, a cadre of veteran al-Qaida fighters.” The Khorasan group were “recruit[ing] Europeans and Americans whose passports allow them to board a U.S.-bound airliner” with explosives and destroy airplanes. The AP continued, “The Obama administration has said that the Islamic State group [ISIS], the target of more than 150 U.S. airstrikes in recent weeks, does not pose an imminent threat to the continental U.S. The Khorasan group, which has not been subject to American military action, is considered the more immediate threat.”

In an anti-war.com article (Sept. 28) entitled “They're Making Up Stuff,” Justin Raimondo explained the new group's importance to Obama. “What’s so fearsome about 'Khorasan'?” Raimondo asked, “Well, they couldn’t care less about establishing a Caliphate...and as for overthrowing Assad, the Khorasanians won’t stoop to conquer. No, nothing less than an attack on America, preferably using an airliner as a weapon of choice, will do. What they lack in originality they more than make up for when it comes to the all-important Imminence Factor.” 

Problems one and two were diminished, if not entirely solved. Conveniently, the Khorasan group threatened the American homeland with violence, which is a traditional cause of war. The terrorists-on-steroids roused enough public rage and fear to justify an extended campaign against them...or, at least, to quiet or confuse most objections to it.

Still One Stumbling Block

But what of problem three: the lack of Congressional and U.N. approval?

The Congressional problem remains. Congress is not rushing back to vote on war; it will stay on hiatus until after the November 4th election. For one thing, the Republicans who dominate the House are mostly hawkish and probably content enough with the status quo. They are also content to have Democrats absorb blow back or military disasters. Obama chose to bypass Congress so let the fall-out land on his shoulders. No wonder Nancy Pelosi, the leading House Democrat, is calling for her colleagues to return early for a war vote.  Their absence harms Democrats.

The U.N. problem remains. On October 3, U.N. Secretary General Ban Ki-moon called for “all warring sides in this brutal and bloody conflict [in Syria]....“to redouble their efforts to bring this horrific conflict to an end and help reach a long-overdue political solution.”

In short, stop bombing. Obama has tried to sidestep such criticism by organizing a coalition to support his Syrian policy; this gave the appearance of global consensus. The Daily Mail reported “the U.S. is working with 60 other nations in these attacks against the terrorist group” as of September 28. 

Domestic Acceptance Is Constructed

The path around political problems is to secure popular opinion. The corporate mainstream media lost no time in stirring the panic that promotes war. Airwaves, internet and print were filled with reports of the Khorasan's threat to average Americans. On September 20, a New York Times headline declared, “U.S. Suspects More Direct Threats Beyond ISIS.” While admitting “[t]here is almost no public information about the Khorasan group,” the article went on to state, “it is the cell in Syria that may be the most intent on hitting the United States or its installations overseas with a terror attack.” 

On September 23, the Defense of Department (DOD) announced that the U.S. had expanded its “action [in Syria] to disrupt the imminent attack...against the United States and Western interests conducted...by the Khorasan Group - who have established a safe haven in Syria to develop external attacks, construct and test improvised explosive devices and recruit Westerners.” 

Even then, however, voices of skepticism spoke in the background. On the same day as the DOD's announcement, the Carnegie Endowment for International Peace raised a red flag. Noting that “[t]he 'Khorasan Group' is a term that gained currency only in the past two week,” Carnegie remarked “[w]hat is being discussed is not a 'new terrorist group', but rather a special cell...of an already existing al-Qaeda franchise.” The article concluded, “[t]he sudden flurry of revelations about the 'Khorasan Group' in the past two weeks smacks of strategic leaks and political spin.”

As skepticism grew, the corporate mainstream media began to backpedal. Five days after pushing the Khorasan story, The New York Times (Sept. 25) questioned the group's existence. It also observed that official accounts of the threat Khorasan posed “differed” and an attack on the American homeland was now being described as “aspirational” rather than “imminent.”

The pivotal point came on September 28 when Greenwald and Hussain blew the lid off the lie. They did so with such force that even liberal, pro-Democrat outlets such as Democracy Now! began running headlines such as, “How the U.S. Concocted a Terror Threat to Justify Syria Strikes, and the Corporate Media Went Along.”

Conclusion

In record time, a lie was born and died. But does the truth matter? The bombing goes on. Perhaps the saga will convince some Americans to vote differently in November. Even if they do, will Republicans be any better on the war issue? Whatever happens in America, the Iraqis and Syrians murdered by bombing raids that were launched will never draw breath again.

Comments? Join us at TDV!

Wendy McElroy

Re-Inventing Finance: It's Not Just About Bitcoin

Tue, 10/07/2014 - 15:40

[The following post is by TDV Chief Editor, Jeff Berwick]

We wrote yesterday about the massive "wall-of-death" with a $7 million sell order at $300 in bitcoin.  We stated here that it would be very interesting to see how quickly it was bought up and where the price moved once it had.

In the meantime, however, numerous funny bitcoin memes came out, including this one, showing the emotion of many involved in the bitcoin world as to what would happen after this relatively large order was placed and filled.

The stand-off only lasted a few hours and, as we portended, there were very few offers all the way up to $330 and that is almost immediately where BTC went after the sell order was filled.

Some people still seem to think bitcoin is unimportant... which can only mean that you are a fool or that you have not done your research.  Bitcoin is the nascent stage of an entirely new financial and monetary system.  Bitcoin's invention in 2009 is similar to the Jekyll Island meetings in 1910 that ushered in the Federal Reserve... except instead of a bunch of criminal, private bankers meeting in regards to how to take over the US monetary and financial system through the use of force (government edict) it was all done peacefully, publicly, open-source and available to anyone.

Marc Andreesen, co-founder of the $4.2 billion venture capital firm Andreessen Horowitz, eloquently posited on the current evolution in money and finance in a recent Bloomberg magazine interview.

Here are his responses to the following points:

Out With the Old

“We have a chance to rebuild the system. Financial transactions are just numbers; it’s just information. You shouldn’t need 100,000 people and prime Manhattan real estate and giant data centers full of mainframe computers from the 1970s to give you the ability to do an online payment.

‘‘You would not today, starting from scratch, invent any of these financial businesses in the same way. To me, it’s all about unbundling the banks. There are regulatory arbitrage opportunities every step of the way. If the regulators are going to regulate banks, then you’ll have nonbank entities that spring up to do the things that banks can’t do. Bank regulation tends to backfire, and of late that means consumer lending is getting unbundled.”

In With the New

“We’re not going to go backward. When people start doing things a better way, it kind of doesn’t matter what the old way was. You can find people who will say that this is all just an arbitrage on the current trouble in the financial system, and I’m sure the big traditional banks will fight back and try to get things outlawed.

‘‘But think about the scenario of a loan officer talking to a prospective client. To software people, that looks like voodoo. The idea that you can sit across the table from somebody and get a read on their character is just nonsense.

‘‘Lots of industries are changing in a similar way. There’s been a qualitative approach, and now, there’s a quantitative approach. Everybody who grew up in the qualitative approach hates the quantitative approach and considers it a giant threat.”

Big Data

“There is a growing idea in Silicon Valley that there are sources of data on consumer behavior we can use to predict creditworthiness. These will be completely different than the traditional approach to credit ratings, which are tremendously imprecise and ‘laggy.’ PayPal can do a real-time credit score in milliseconds, based on your EBay (EBAY) purchase history -- and it turns out that’s a better source of information than the stuff used to generate your FICO score.

‘‘The hypothesis is that there are many other similar sources of consumer data: credit card bills, social-network behavior, potentially even search history. Lots of people, both in the big Internet companies and at startups, are trying to get at these large pools of data and figure out new ways to do scoring. What they all have in common is that they are all being done outside of banks.

‘‘The minute any of these new credit vehicles can show any level of repeatability and reliability, the hedge funds come in and provide the funding. Hedge funds are very comfortable with analytic models. If you have sufficient stability, you can get leverage.’’

Cryptocurrencies

‘‘The startups chasing disruptive technology aren’t working within the existing system. This is the cryptocurrency phenomenon. If it works, we can re-implement the entire financial system as a distributed system as opposed to a centralized system. We can reinvent the entire thing.

‘‘Bitcoin is clearly in this category. With bitcoin, there are advantages to decentralizing the financial system in order to do commerce. For instance, you can make payments in all but four countries. So, on day one, you can use it all over the world. Forget about all the different currencies and banking systems; it’s a truly universal way to transfer value.

‘‘That also means we have the chance to radically lower fees. Most consumer transactions are weighted with a 3 percent fee; remittances run up to 10 percent, which I think is a moral crime. There’s a big opportunity to take those fees out.’’

Flummoxed Regulators

‘‘Bitcoin is like technology that’s arrived from Mars, and so regulators don’t know what to do with it. That’s a good thing. What a lot of financial technology entrepreneurs will tell you is that if you’re going to innovate in financial services, you want to do something so new and so different that the existing regulatory system doesn’t know how to react to you. That is your window of opportunity.

‘‘The problem with building a new product or service in the existing financial industry is that tens of thousands of pages of legislation and thousands of lobbyists are going to come down on you very quickly.

‘‘We needed a new technology to have the wedge to be able to enter the market, to be able to justify all the work to rebuild the system. With bitcoin, we now think we have that wedge.

‘‘Bitcoin is a classic venture capital endeavor: It will either work or it won’t. And if it doesn’t work, we will lose all our money. But if it does work, it will work in a spectacular way. Our investments will pay off 1,000 to 1 or 10,000 to 1 or some other crazy extreme, because these markets are so big.’’

‘This Is for Real’

‘‘There are serious conversations going on at every single large financial institution. They’re all trying to figure it out. The technology folks who work for the banks are very smart, and the trading floors have split between ‘This is for real’ and ‘This is a joke.’ Yet people are leaving those institutions to start bitcoin companies. We’re seeing hundreds of bitcoin entrepreneurs. Some of them are brand new to financial services. They don’t know what they’re in for, but they’re excited.”

Volatility Will Vanish

“Bitcoin had a chicken-and-egg problem. Speculation was the way to get the thing established. The speculators are doing us all a favor by valuing it at $500 or $600 or $800 because otherwise it would be valued at zero. Now, you can actually do things with it. With scale and time, the volatility will vanish. The designer of the system, I think, would say that the system is working perfectly.

‘‘If you’re used to living in a world where you trust people and institutions, then it probably does seem weird and bizarre that you would trust something where you don’t know who created it. But if you’re in a world where you trust numbers and math and code, it doesn’t matter. There is no appeal to authority. You evaluate it on the basis of the math. It’s just math; it’s completely open. None of us thinks we need to know who created it.

‘‘As for security concerns, bitcoin is designed to work properly in an untrusted, networked environment. Take Target. As a consumer, there is nothing you could do about Target. Target blew it; their systems stunk.

‘‘In a bitcoin world, things like the Target hack are not possible. The way a digital currency works is that it lines up the incentives to protect yourself with the consequences of failing to protect yourself. Bitcoin is a digital-bearer instrument: If you have the numbers on the coins, you own the coins. You can make payments without having to give any information about yourself, and everyone can double-check their transactions. If someone hacked into Target, they would be able to steal all of Target’s money -- but they wouldn’t be able to steal your money.

‘‘For five years, many of the world’s best mathematicians and computer scientists have been studying bitcoin and trying to figure out what’s wrong with it. They haven’t found anything yet. Every critique people have of bitcoin, so far, can either be answered with ‘the designer anticipated it and has a solution built into the system’ or ‘there’s a service that can be built on top to address the problem.’ That’s the magic of why everyone out here is so excited about it.”

THE DOLLAR VIGILANTE'S LAST WORD

Think what you want about bitcoin but the last century's monetary and financial systems are going down.  The signs of it are everywhere and absolute fortunes will be lost and made in the transition.  The End Of The Monetary System As We Know It (TEOTMSAWKI) is nigh.  Anyone reading here at The Dollar Vigilante blog for the last few years has seen a multitude of evidence on that (and those who subscribe to TDV get more detailed analysis and advice on how to survive and prosper during and after the collapse).

We will be hosting a conference on the beach in Acapulco, called Anarchapulco, this February 24th to March 1st where we'll have some of the best minds re-inventing and re-thinking not only money/finance but also business (with a two day entrepreneurship bootcamp), parenting (with a one day unschooling and peaceful parenting workshop) and much more.  That's in addition to some of the brightest minds in bitcoin coming to discuss The Beginning Of The Monetary System As We Will Know It.

These are exciting but dangerous times.  Those who are aware of these massive transitions stand to profit immensely.  Those who are unaware stand to lose everything.  The choice to be aware or ignorant is, as always, yours.  

Jeff Berwick

Anarchast: Sieg Pedde, founder of the Libertarian Party of Canada

Tue, 10/07/2014 - 12:00

Jeff interviews Sieg Pedde, founder of the Libertarian Party of Canada, topics include: the Society for Individual Liberty, Robert H Heinlein, Libertarian Party of Canada, Canadians, self responsibility and reliance, statism, Panama, expatriation, financial collapse, political correctness, the golden rule, the ThoughtCrime project.

Click here or on thumbnail

 

Bitcoin at $300, Precious Metals Under Extreme Pressure

Mon, 10/06/2014 - 05:32

[The following post is by TDV Chief Editor, Jeff Berwick]

Bitcoin has traded to below the $300 handle and currently sits locked at $300 on the Bitstamp exchange after a sell order in the neighborhood of $7 million USD, or 23,738 bitcoins, created a temporary ceiling on Sunday.  The action has prompted a lot of discussion on internet forums and headlines throughout Sunday on the internet, surely contributing to the pressure on the Bitcoin price: 

With the price of bitcoin falling 20 percent this weekend to its lowest level of 2014, concerns of "how low can it go?" have cropped up on the internet. Many have wondered what this big sell is, with some screaming market manipulation of some sort. Of course this is possible but so is a whole litany of possibilities.

What if this is merely one early adopter having chosen these levels were the point at which they would sell some or all of their bitcoins. Having made millions of dollars unexpectedly, this person might be nervous about their newfound wealth and also might not have the connections to make such a sale off-market.

“As the price is going down, some of us are under immense psychological stress,” wrote a Reddit user on Sunday. “Please share how you cope with it.” (For more on that, click here)

Bitcoin's low over the weekend of $286 is a huge difference in price from its peak of $1,150 late in 2013. Since then the price has continued to fall.

“For anyone complaining about the current price of Bitcoin, remember it has more than doubled over the last 12 months,” Roger Ver, a past Anarchast guest, said in a Twitter message on Sunday.

Some other possibilities leading to lower bitcoin prices are governments getting in the way. This is common with new technologies. New York has proposed BitLicenses for Bitcoin companies and Russia has tried to ban the crypto-currency. We covered yesterday how US agents are setting up sting operations on LocalBitcoin users.

If you think this is the end of bitcoin, be careful - you're putting yourself on the same side of the coin as Paul Krugman. As Forbes notes,

"Paul Krugman, the Nobel Prize-winning economist and New York Times columnist, has been patting himself on the back a lot lately. The departure of Bill Gross from Pimco, Krugman rightly argues, was ultimately about Gross betting spectacularly wrong on the U.S. economy. As Krugman pretty much predicted what would happen, he’s making sure everyone knows it both because (a) the guy is genuinely a teacher at heart, I believe, and sees lessons here and (b) he flat out loves being right. Like the gambler on a hot streak, Krugman yesterday doubled down, telling the world he was also right about Bitcoin. The cryptocurrency’s value has been in free fall of late, far from the highs set last year.

Forbes points out an old prediction made in the mid 90s by Krugman:

"By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s."

Krugman has called Bitcoin evil.  Of course, nothing in human history is more evil than the central banking and Keynesianism that he so avowedly supports.

The drop in bitcoin comes at a time when the precious metals are under extreme stress making life as a gold, silver and bitcoin holder even more difficult.

Is this the end of precious metals and bitcoin?  If it is then the world will become so unbelievably horrible as the central bankers take even more control of the world's economies.

Is that possible?  Sure, anything is possible but we believe that it is still unlikely.  What we are seeing, however, are the beginnings of some very, very turbulent times in the markets... now also including the US stock market.

If you thought the last seven years were a rollercoaster you may be shocked just how much more of a rollercoaster the next seven are.

By the time all is said and done those who bought bitcoin and precious metals at these levels may look back upon today as being a last-chance gift to diversify out of Federal Reserve Notes (FRN) and other fiat currencies.  There is simply no chance that things will go smoothly over the next few years and the kind of collapses we are likely to see on this go round will make 2008 seem like the good old days.

Already, half of the $7 million in bitcoin have been sold at the $300 level in just a few hours which means by Monday morning the order should have cleared.  It will be very interesting, and telling, to see what levels bitcoin moves to after that.  Already, in China, the bitcoin price has been rising throughout the evening from near $300 to as high as $312 and at Bitstamp the sell orders are very thin all the way up to $330 once this order has cleared.

This week in TDV Homegrown I'll be laying out more detail on what I think is going on in the markets.  The long and short of it is, however, hang on to your hats.

Comments? Join us at TDV!

Jeff Berwick

This Economic Theory Could Spell The End Of Bitcoin - TDV Week in Review: October 5, 2014

Sun, 10/05/2014 - 11:38

Originally appeared at Bitcoinomics

The future of bitcoin trading is in question. Local authorities have had diverse reactions to average people trading bitcoins, from setting up sting operations to outlining lengthy regulatory frameworks. A main question that might be decided over the coming months is whether or not everybody who has sold bitcoins on Local Bitcoins could find themselves in violation of state laws.

All of this could have been predicted by you though, if you knew about one simple economic theory. More on that below. But first...

The Case Of Pascal Reid

In February, young Quebecker Pascal Reid (just one more Canadian, along with editor Jeff Berwick, who has acknowledged that the (more) southern climates are superior) was arrested and charged by the State Of Florida with 2 counts of money laundering and 1 count of operating a money service business without a license. Pascal has pleaded not guilty on all 3 counts.

Pascal Reid represents your typical bitcoin trader. An individual with spare cash trying to make due by buying and selling bitcoin, an in-and-of-itself perfectly benign act. The Secret Service officers involved in the sting tried to sell Pascal stolen credit cards. Pascal declined.

Why does the State of Florida have so much interest in Pascal’s actions? The $30,000 transaction for which he was “busted” is a droplet of water in the sea of the global economy, especially next to the deep levels of fraud and corrupt in the financial system. Still, he faces 25 years in prison. If he is convicted it will set the precedent to prosecute more average bitcoin traders, and not just the ones with specious ties to online black marketplaces, such as was the case when Charlie Shrem was recently arrested and charged with money laundering.

Pascal Reid never acted in a way that endangered anyone. We know in New York there is already a movement for “BitLicenses,” setting the precedent that bitcoin individuals will be treated as financial institutions, minus the ability to payoff government and absolve individuals of time-served. Pascal’s legal team costs $25,000 per month. His mom put up a website in order to raise funds: http://supportpascal.org/

What Happened?

As he strolled into Miami’s Art Deco district in February with a laptop and $316,000 in digital currency, he didn’t know he was walking into a trap. He thought he’d soon meet a man he knew who wanted to purchase some more bitcoins. In reality, this man was an undercover agent for the US Secret Service.

The case is among a few early precedent setting cases for Bitcoin. Alongside those of Ross Ulbricht and Charlie Shrem, Pascal’s case will set a precedent for alternative currencies.

Heretofore, Localbitcoins.com has been a holdout of sorts for bitcoin traders looking trade bitcoin’s away from the purview of law enforcement…or so many thought. This has changed in the wake of Pascal’s case.

Pascal’s lawyer has said the authorities are trying to set a precedent with Pascal to go after other bitcoiners. The investigation against him began in December 2013. Proy33, a user on Local Bitcoins,  could be contacted “anytime” to meet in public and trade bitcoins for cash. Pascal was contacted by authorities.

After Pascal’s first meeting with the agent, a surveillance team followed him to his Broward County home and identified him. The second meeting involved a $1,000 transaction, and the law enforcement agent offered to sell stolen credit card data. Pascal declined. By January’s end, the two men agreed to a $30,000 transaction. Their meeting at the Casa Grande Suite was a fateful one for Pascal.

At that meeting the law enforcement agent informed Pascal the money used in the prior transactions came from credit card data stolen in the Target hacking. After the transaction, he was arrested. Two hours later, at the same hotel, investigators arrested 30-year-old Peruvian Michell Abner Espinoza, concluding yet another Localbitcoins.com investigation. Both were charged with two counts of money laundering and one count of operating an unlicensed money services business.

“[Pascal's] a good kid. Never been any problem before, never, never, never,” his mother, Chantal Desbois, said in an interview. “I don’t know what could have happened. I don’t understand.”

“This is going to have a chilling effect on the public perception of bitcoins,” Pascal’s lawyer said in an interview.

The State of Florida has the opportunity to set a precedent with the Pascal Reid case, and what’s likely the precedent to be set will be towards new and tighter regulations.

A first time offender like Pascal could face maximum 15 years on one of the money laundering charge, an additional 5 years for the second money laundering charge and 5 years on the unlicensed money laundering charge for a grand total of 25 years.

First To Market

The traditional financial industry made it to market first. It was the big banks and big credit card companies that government regulators were tasked with regulating. But a phenomenon known as “regulatory capture” shows us how a serious danger to the bitcoin community evolved.  Regulatory capture, a theory proposed by George Stigler, represents the process whereby regulatory agencies come to be managed and controlled by the industries they were meant to regulate, in the case of bitcoin, many of the agencies tasked with regulating bitcoiners have become beholden by big banks and financial services company. Regulatory capture comes to be so when a regulatory agency, formed to act in the public’s interest, eventually acts in ways that benefit the industry it is supposed to be regulating, rather than the public.

Anybody who has followed finance in modern America can see that the government has become beholden to big banks. Regulatory capture means that agencies will set out to protect the status quo. This means many bitcoiners could end up behind bars.

Comments? Join us at TDV!

Originally appeared at Bitcoinomics

Justin O’Connell is the Chief Executive Officer of GoldSilverBitcoin.  He is also the author of the bitcoin book, Bitcoinomics, and administrator of the Bitcoinomics website. Justin is also a co-host at Our Very Own Special Show, a lifestyle podcast about music, news, life and other topics, and head researcher at The Dollar Vigilante.  He lives in San Diego, California.

 

 

If you’re interested in receiving articles beyond what you read here everyday, consider our weekly subscriber-only publications, like our Issue, Dispatches, and Homegrown. You may subscribe here.

On to the review…

Monday September 29

HOW INDIVIDUAL INTERNATIONALIZATION COULD CHANGE YOUR LIFE

Paul Seymour on what corporate internationalization means for you.

“You've probably heard about the latest run for the doors by corporations.  These have been dubbed inversions, and labeled by the Nazi in Chief as unpatriotic. 

Corporate internationalization has been going on for a long time.  Internationalization is defined by Merriam-Webster as simply "to place (something) under international control : to make (something) involve or affect two or more countries".  Corporations which are engaged in the maximization of profits in order to reward shareholders for their risk, have zero qualms about crossing borders, and taking on multiple "citizenships", and rightfully so.

It's making more and more sense for individuals to adopt a similar attitude, in order to maximize personal freedom, and therefore also quality of life.”

continue reading…

Tuesday September 30

THE ILLUSION OF THE VALUE OF THE DOLLAR

Jeff on the lie of the dollar.

“As we march towards The End Of The Monetary System As We Know It (TEOTMSAWKI) there will be a lot of volatility in almost every asset.  If the Japanese Yen turns into dust in the next year then currencies like the Euro or the US dollar will rise as a reflex as people attempt to flee the Yen.  If the Euro also reaches its intrinsic value in the next 1-2 years, again, relatively, the dollar will rise dramatically.

But at some point the truth will become undeniable and the math so insurmountable that the US dollar will turn into wallpaper... not so different from the penny which is now cheap flooring.”

continue reading…

Wednesday October 1

WHAT HAPPENS WHEN ALL THE POLICE IN A TOWN ARE REMOVED

Jeff Berwick on a copless utopia and the announcement of an exciting new TDV event!

“It all started over a month ago, right here in Acapulco, Mexico, when I commented to a good friend, ‘Have you noticed how much better traffic has been lately?’

He responded, "Yes, traffic flow has been so much better... it's because the Transit Police went on strike.’

It turned out that was the case.  The Transit Police in Acapulco had went on strike and all of a sudden many local residents were noticing how much better traffic, which can get to gridlock levels during peak holiday periods, had become.

Weeks went on and you could tell that almost everybody had become aware of the lack of transit police and no one was adhering to red lights if there wasn't any oncoming traffic.

The majority of people began treating red lights like a "yield" sign.  They'd slow down, check that no cars were coming, and if there weren't, they'd just roll through the red light instead of sitting there for a minute or two, as traffic backed up behind them.”

continue reading…

Thursday October 2

HOW AND WHY PRO ATHLETES IN THE US OFTEN END UP DESTITUTE

Jeff Berwick on the sad end that faces most pro athletes.

“Derek Jeter's retirement has come at a price.  As he played his final games in baseball parks around the US, he was given gift-after-gift. And, with each gift, his tax headache grew. Reports state he could owe $16,000 in taxes on his $33,000 in gifts - things like vacations, wine, surfboards, kayaks and framed jerseys.

Because these gifts are not given out of ‘detached and disinterested’ generosity, they are taxable.  And Barack Obama and his group of henchmen want their cut.  After all, Derek Jeter ‘didn't build that’.

It's a fitting cap to a long career in which I am sure Jeter became very aware of how taxes work. As a pro athlete, he's among the most extorted of tax-cattle.”

continue reading…

Friday October 3

THE HOLLYWOOD WATERMELONS VERSUS THE TAR SANDS MESSIAH

Jeff on the folly of Hollywood activism.

“This last week many people took to the streets to protest climate change. Instead of talking about the military-industrial complex and ending war, these people avoided any talk of the US entering into yet another war and the Department of Offense (they call it Defense for some strange reason) being the world's largest polluter. A number of Hollywood celebs came out and Leonardo DiCaprio gave a speech at the United Nations imploring that money be stolen from people (taxes) and then used to "save the planet".

Celebrities like Neil Young and Edward Norton - and, of course, Leo - complained about dirty energy and a lack of regulation. The majority of these celebs are what we call watermelons... green on the outside, red on the inside.”

continue reading…

TDV VIDEO

This week, Jeff interviews Ben Woodason, Marc Victor, and Derrick J. Freeman on the Anarchast. Plus, Jeff is interviewed by TDV crew member Luis Duran Aparicio for Emancipated Human.

Have a look at our wide array of informative videos featuring interviews, opinions, and analysis on TDV’s media page.

TDV SERVICES

Don't forget, TDV is much more than a newsletter.  We also offer many of the solutions to the problems we identify in the letter to help people internationalize their self and wealth to protect themselves from The End Of The Monetary System As We Know It (TEOTMSAWKI). Check out all our services designed to help you gain more freedom in your life here:

Remember, if you have any questions, concerns, or issues with what you've read on TDV, write us at: tdv@dollarvigilante.com.

Thanks as always for reading or subscribing!

Managing Editor

Pages

Disclaimer: You, and only you, are responsible for your actions.

Do your research well.

 

Copyleft: Feel free to redistribute as you please. Give credit where credit is due.

You can't own someone else's thoughts.

 

 

Sitemap

NT4B Update

Get email updates when new content is published!

BullionStar

BullionStar, Bullion, Star, Singapore, Gold, Silver

Best of the Web

Silver Shield & Silver Bullet