1. According to the Liar-In-Chief's latest, his Government will try to hunt down anyone "it" unilaterally decides threatens it anywhere in the world. "It" will call them "terrorists" of course.

    Obama warns the world


    If 70 year old crippled-up farmer Mohammed in backwoods Pakistan gets a splinter trying to gather fire wood and NSA over-hears him cussing the U.S., possibly because drone strikes mistakenly killed his family who were keeping him alive, he may be a "threat to national security," Or, perhaps, just a threat to "the national interest," neither of which has anything to do with us.

    Either way, Mohammed could be targeted by Hellfire Missiles or even fuel-air "Daisy Cutters" if the Einsteins in D.C. or Centcom are having a bad day. Or a U.S. Liar-in-Chief, well, lies about him, his village, or his country. Or his sub-liars do.
    Valiant V: Never said that it wasn't "out of control" L, merely that "spontaneous order" is fiction and anybody who has *ever* worked with groups of people knows that from experience.
    That [people] are too STUPID to elect leaders remotely worthy of the responsibility given them shows that these people are incapable of running their own lives, much less participating in a "self-directed" society.
    Val, you've just aptly indicted the opposite of "spontaneous order," and done it very well. See, what's different in "spontaneous order" society is that only folks who have a direct stake in a particular activity get involved, NOT everyone. Like in a business organization instead of a political party.

    That direct stake -- and direct voluntary involvement makes all the difference. If a group wins, only those involved win, ditto if they lose. Either way, if they discover something useful, sooner or later, everyone wins.

    And there's no dilettante-attracting tax-money lottery from the tax-pool created as a result of previous winner-take-all "democratic" votes.

    We moderns have devolved so far that "we" can't even conceive of how that works.

    But here's a clue you've seen before - - -
    "People [native Americans] who do not vote for an issue -- whether they abstain or vote against it -- often resent having to abide by it and insist that they should not be affected by the final decision since they did not themselves affirm it. A number of Indian groups -- such as the Hopis here in the Southwest -- are still divided over the issue of their constitution, those who voted against it or who did not participate in the constitutional election, insisting that they should not be bound by the vote of the others." -James E. Officer, Journal of American Indian Education, Volume 3 Number 1, October 1963, INFORMAL POWER STRUCTURES WITHIN, INDIAN COMMUNITIES
    Here's how that will work in the not too distant future:
    Bitnation Announces Crowdsale to Fund Decentralized Governance Projects
    The extremely subtle -- to we moderns at least -- and malevolent aberration to the true voluntary democracy practiced by the Hopi, etc. (and likely soon everyone), is "winner-take-all" democracy, foisted on us by the hierarchical controller mentality.

    In "winner-take-all" democracy, you attempt to dragoon everyone who votes -- or even theoretically could vote -- into going along with the majority. You've heard it thousands of times: "The majority rules." Why? Why try to lump ~319 million extemely diverse individuals into one imaginary group -- and then call it USA? Etc.?

    The hierarchical establishment uses "the majority" -- more honestly phrased "the majority of those who vote" -- as an excuse to rule you, repress you, and rip everyone off. That simple winner-take-all con enables them to use you as tax and cannon fodder. I bet they even have YOU believing in it - - -

    The operational difference between the two "democracies" is that with winner-take-all democracy, the hierarchical rulers, their brown-nosers, suck-ups and hangers-on (bankers for example) play with OPM (Other Peoples' Money), that is taxpayer money, rather than with their own money. This means, among other things, they take much bigger risks -- and regularly put all our eggs in one basket.

    Here's what's really going on:
    What those calling themselves planners advocate is not the substitution of planned action for letting things go. It is the substitution of the planners own plan for the plans of his fellow-men. The planner is a potential dictator who wants to deprive all other people of the power to plan and act according to their own plans. He aims at the one thing only: the exclusive absolute pre-eminence of his own plan." --Ludwig von Mises
    And, with the evolution of Extortion Futures (U.S. Treasuries etc.) -- which must be paid-for by future taxpayers -- they are now gambling, not only with your present earnings but with the future earnings of you, your kids, grand kids, and the yet unborn.

    Intergenerational warfare anyone?



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  2. Hi D!
    "So, does this mean that you like and support ISIS (or ISIL or whatever)?"
    Thanks for asking!

    First, if you read my article, it's fairly clear that ISIS is largely a fantasy creation of the U.S. War Party (Democrats + Republicans) and the MilitaryIndustrialCongressionalComplex that Eisenhower warned against in his farwell address.

    Clearly it's been hyped beyond all reason. For example, IF ISIS is real and the beheadings weren't completely staged, Saudi Arabia beheaded at least 8 people last month. So shouldn't "we" bomb them?

    At any rate, ISIS is none of my business -- nor is it Washington D.C.'s business. Remember George Washington's admonition in HIS farewell address to avoid foreign entanglements.

    The reasons used to be crystal clear. Even as late as 2001, Americans understood:
    ~"You could kill all the terrorists in Afghanistan, all the terrorists in the world. You could hang Osama bin Laden in sight of the White House. You still wouldn't have solved the problem because you will have created a whole new generation of terrorists." --Col. Richard Dunn writing in the Washington Post, quoted on ABC THIS WEEK, October 21, 2001
    ISIS is direct proof that Col. Dunn got it exactly right.

    Remember the idiots (I'm being kind) in D.C. got "us" involved in Korea, Vietnam, Afghanistan, and Iraq (twice so far) etc. by mistakes and lies. Which is directly responsible for the current mess.

    They're busy creating our childrens' children's war.

    So, "approve" or "disapprove" has nothing to do with it. "It's none of my business" is the operational phrase. Who, knowing the history, would want to get "us" involved again?

    What do you think?

    Health, happiness & long life
    L.

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  3. It wasn't till maybe a year later that I finally realized what COULDN'T have happened in New York City on Sept. 11, 2001. I'd seen the demolition of the Dunes Hotel in Vegas in person in 1993, and, because of the news coverage and advance PR, knew implosions -- or even just controlled demolitions -- couldn't be done without weeks of engineering and preparation.

    I also knew steel-framed structures, because of "local structural integrity" -- like those commercials dropping a bowling ball on a mattress without spilling a neighboring glass of water -- simply don't collapse as the buildings did on Sept. 11, 2001. Unless engineered and prepped. Especially Building 7, which wasn't even hit by a plane.

    And I knew of Building 7 because Bob Pisani covered it all afternoon on CNBC, and kept saying they were considering "bringing it down." And CNBC had cameras on it when they "pulled" it. So I knew, because of the way it collapsed -- and that CNBC knew when it was coming down -- that it was an implosion.

    Here's what it looked like - - -



    OK, an implosion, big deal, those happen all the time -- and I went to sleep about the whole thing. DUH!

    It didn't occur to me that it simply couldn't have been engineered and rigged to be "pulled" at ~5:30 PM in the ~eight hours since the WTTC towers came down, let alone in that chaotic 9/11 disaster zone. Ergo, it HAD to have been set up ahead of time.

    Which finally occurred to me about a year later. I sat up in bed, realizing, "Son-of-a-bitch -- someone had to have wired Building 7 ahead of time!"

    Certain things proceed from that realization - - -

    Sometimes enlightenment is a slow process.

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  4. You don't need a competing theory, guess or myth to disprove or debunk an existing theory, guess or myth.

    For example, if someone claims "The moon is made of green cheese," all I have to do is point out that, say, the moon isn't green. Or, "There aren't enough cows in the world to make that much cheese," etc. I don't have to give a chemical analysis of actual lunar material -- although that might be nice.

    Likewise, you don't need a competing theory to disprove or debunk the U.S. Government 9/11 myth.

    The equivalent to "the moon isn't green" is "World Trade Center Building 7 collapsed at ~free-fall speed into it's own footprint at ~5:30 P.M. on September 11, 2001."

    Dan Rather, the most well-known TV news anchor at the time, described Building 7's collapse (directly below), like this "For the third time today, it's reminiscent of those pictures we've all seen too much on television before when a building was deliberately destroyed by well-placed dynamite to knock it down ..."



    And Danny Jowenko, a Dutch expert who's business is doing controlled demolitions, unequivocally agrees with Dan Rather - - -



    Also, over 2,000 architects and engineers agree.

    None of the hundreds of thousands of steel-framed skyscrapers in the world -- either before or after 9/11 -- have ever fallen even remotely like that. Except ones that were engineered and prepped ahead of time. And even most of those don't collapse into their own footprint -- without being even more carefully engineered and prepped. Ahead of time.

    If the government myth can't explain that -- and it can't -- it goes straight down the crapper.

    And that's for very good reason: Such steel-framed skyscrapers are designed by architects and engineers, based on the laws of physics, NOT to collapse at all, even under extremely adverse conditions, not to mention straight down into their own footprint.

    And history demonstrates they don't. Ever. Unless engineered and prepped ahead of time. So give up your silly myth. Clearly the moon isn't made of green cheese. And Building 7 didn't implode without being engineered and prepped ahead of time.

    Certain things proceed from that observation - - - can you think of any?

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  5. The truth often has an uphill battle against the establishment, which constantly fights to keep it's position despite the best interests of "we the people." Preside-nt Eisenhower warned against the MilitaryIndustrialCongressional Complex for example.

    These folks sometimes resort to false-flag operations. Operation Northwoods was the most well-known template. And then there are the fools, dupes and paid operatives the establishment manages to get to do it's propaganda for it.

    But an even more relevant example was the Manhattan Project -- involving over 120,000 folks -- which wasn't known to the American public until after Hiroshima and Nagasaki were nuked. The folks pulling this off even covered up the first nuke test -- Trinity in Socorro County, New Mexico -- by spreading the myth in the press that the mushroom cloud -- and the big bang folks heard -- was an ammo dump exploding. Worked like a charm.

    Secrecy in such operations is enabled by the now well-known, "need-to-know" operational protocol. Almost no one knows enough to expose the whole operation. They don't know "The Big Picture."

    In fact, often participants don't even know enough to be sure they were involved in the first place, even when the story hits the headlines. And certainly not enough to get and hold media attention. Even when the media isn't the 5th Branch of Government.

    Let's take a current (2014 A.D.) real-life example of how effective the government/media amalgam is at keeping things out of the public eye. There have been all sorts of leaks about the N.S.A. spying operations for decades. Heck, I even did a couple of articles. This one in 2006 for example - - -
    The Silly Truth About NSA Spying: Short & Sweet By L. Reichard White - Price of Liberty
    But I didn't get famous. Or even noticed apparently. Which, given the heat on Ed Snowden and Julian Assange -- and other less successful whistle blowers like William Binney, Thomas Drake, John Kiriakou, etc. -- is probably a good thing.

    Do you even know, without Googling them, who Mr. Binney, Mr. Drake and Mr. Kiriakou are?

    Snowden only managed to stick on the U.S. media "teflon curtain" because 1. he got enough data to PROVE "The Big Picture" and 2. He eluded Uncle's tentacles by luckily -- and I emphasize "luckily" -- escaping from Hong Kong to the Moscow airport. Where he was in limbo for weeks. And clearly, it wasn't his preferred destination.

    Further, based on the experience of previous whistle blowers, Snowden's greatest fear was that folks wouldn't pay attention. And it was a nail-biter for quite awhile whether or not they would.

    You can get a really up-close and personal travelogue of just how Uncle stomps folks who try to tell what "he" considers "his" secrets from this NPR piece which includes William Binney and Thomas Drake in their own words:
    Before Snowden: The Whistleblowers Who Tried To Lift The Veil : NPR
    Now there are approximately 1.4 million other folks -- including ~483,000 private contractors -- who could have done what Edward Snowden did. That's about 12 times as many as the ~120,000 folks involved in The Manhattan Project -- who could have blown the whistle but didn't. Or maybe like Binney, Drake, etc., just slid right off the Teflon Curtain.

    So one way or another -- maybe both -- Uncle managed to keep "his" ongoing massive N.S.A. spy-operation, involving over 1.4 million operatives, effectively secret for well over 10 years.

    Even the folks who dislike the truth about 9/11 don't fantasize anywhere near 120,000 folks involved let alone 1.4 million. Yet, in over a decade, only one of the 1.4 million -- Ed Snowden -- managed to gather enough information to prove The Big Picture -- and barely managed to blow the whistle successfully.

    And given that Uncle even finessed the Trinity nuke test, "he's" pretty good at keeping secrets. So, for example, the notion that "surely someone would have come forward by this time" in the case of 9/11 just doesn't cut the mustard.


    THESE OTHER WHISTLE-BLOWERS MAY BE OF INTEREST:

    Stephen Jones

    Kevin Ryan

    Sibel Edmonds

    Bradley Manning

    Julian Assange

    Bill Maher

    Phil Donahue

    Dr. Norman Finkelstein

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  6. Hi Val!

    There's a technique that the illegitimate U.S. establishment has used at least twice to completely overturn important guarantees ass-u-me_d to be solidly grounded in common sense and established in law for ANY free society.

    The first is enshrined in The Constitution, particularly like this:
    "No Capitation, or other direct, Tax shall be laid, unless in Proportion to the Census or Enumeration hereinbefore directed to be taken." --UNITED STATES CONSTITUTION, Article I, Section 9.
    Keeping in mind that Article I, Section 9 is more primary and hasn't been repealed, how do you reconcile the 16th Amendment with it -- which seems to completely contradict it?  Like this:
    "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration." --UNITED STATES CONSTITUTION, Article XVI [16th Amendment] (1913)
    The simple answer, painfully extracted via uphill legal battles through a reluctant legal system, is that the Income Tax was a tax on corporate privilege -- essentially hush money paid for limited liability -- measured by corporate "income," and had nothing at all to do with flesh-and-blood humans, who get no such privilege.

    In fact, my grandfather didn't have to pay but the con-job was at that time that it would be "patriotic" if he did. Also it was promoted as a status symbol to make enough money to even make the cut. My grandfather declined to pay and said, according to my mother, that this approach was all a con-job and eventually they'd trick everyone into paying.

    And of course, they did.

    In fact, if you go to court for "Willful Failure to File" so-called "Personal" Income Tax -- and if you get the corporate privilege arguments right (judges managed to suppress that approach for quite awhile until the Cheek decision) -- the IRS attorney will try to produce a previous tax return of yours and tell the jury that by signing and filing "your" 1040 etc. you have legally volunteered and thus are indeed required to pay.

    Now days (2014 A.D.) of course, the whole illegitimate government apparatus conspires to convince and intimidate everyone into "volunteering" even though you can probably still find the dregs of truth in statements like "ours is a voluntary tax system." So, by the use of B.S., legalese, and brute-force intimidation, they've turned previously free Americans into cowed tax slaves.

    As Bastiat put it:
    "When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it." --Frederic Bastiat
    And, Val, our discussion on so-called "Drivers Licenses" reveals another similar con-job. And it's the second point that defines the trend-line which reveals a "legal system that authorizes [plunder] and a moral code that glorifies it".

    Clearly, restricting travel completely discredits any country that claims freedom. It's simple common sense. And in fact, that obvious common sense was enshrined in early U.S. jurisprudence. Like this:
    "Complete freedom of the highways is so old and well established a blessing that we have forgotten the days of the Robber Barons and toll roads, and yet, under an act like this, arbitrarily administered, the highways may be completely monopolized, if, through lack of interest, the people submit, then they may look to see the most sacred of their liberties taken from them one by one, by more or less rapid encroachment." --Justice Tolman, Robertson v Department of Public Works, 180 Wash 133, 147.
    And this:
    "Personal liberty largely consists of the Right of locomotion - to go where and when one pleases... The Right of the Citizen to travel upon the public highways and to transport his property thereon, by horsedrawn carriage, wagon, or automobile, is not a mere privilege which may be permitted or prohibited at will, but the common Right which he has under his Right to life, liberty, and the pursuit of happiness. --II Am. Jur. (1st). Constitutional Law, Sect. 329, p. 1135.
    and further...
    "Personal liberty - consists of the power of locomotion, of changing situations, of removing one's person to whatever place one's inclination may direct, without imprisonment or restraint unless by due process of law." --1 Blackstone's Commentary 134; Hare, Constitution__.777; Bovier's Law Dictionary, 1914 ed., Black's Law Dictionary, 5th ed.
    "The use of the highways for the purpose of travel and transportation is not a mere privilege, but a common and fundamental Right of which the public and the individual cannot be rightfully deprived."(emphasis added) --Chicago Motor Coach v Chicago, 169 NE 22; Ligare v Chicago, 28 NE 934; Boon v Clark, 214 SSW 607; 25 Am. Jur. (1st) Highways Sect. 163.
    and...
    "The Right of the Citizen to travel upon the public highways and to transport his property thereon, either by horse drawn carriage or by automobile, is not a mere privilege which a city can prohibit or permit at will, but a common Right which he has under the right to life, liberty and the pursuit of happiness."(emphasis added) --Thompson v Smith, 154 SE 579.
    There are many other cases. Just ask.

    Despite this clear common sense principle, legally defined as well, once again, the establishment successfully foisted corporate/business limitations onto us flesh-and-blood humans, who, incidentally, are completely superior to those folks clearly recognized as "public SERVANTS."

    In the following cases, as with the so-called "Personal" Income Tax, you can see how this commercial-activity bait-and-switch was once again pulled off:
    "...For while a Citizen has the Right to travel upon the public highways and to transport his property thereon, that Right does not extend to the use of the highways, either in whole or in part, as a place for private gain. For the latter purpose no person has a vested right to use the highways of the state, but is a privilege or a license which the legislature may grant or withhold at its discretion..." --State v Johnson, 243 P 1073; Hadfield, supra; Cummins v Homes, 155 P 171; Packard v Banton, 44 S Ct 257; and other cases too numerous to mention.
    "Heretofore the court has held, and we think correctly, that while a Citizen has the Right to travel upon the public highways and to transport his property thereon, that Right does not extend to the use of the highways, either in whole or in part, as a place of business for private gain." --Barney v Board of Railroad Commissioners, 17 P 2nd 82; Willis v Buck, 263 P 982.
    and...
    "The right of the citizen to travel upon the highway and to transport his property thereon, in the ordinary course of life and business, differs radically and obviously from that of one who makes the highway his place of business for private gain in the running of a stagecoach or omnibus." --State v City of Spokane, 186 P 864.
    There are a bunch more such cases. Just ask.

    So, when the illegitimate establishment drilled you into believing "driving is a privilege," "driving is a privilege," they neglected to tell you that was only if you were engaged in commercial activity.

    Clearly then, the first and probably only thing you should say to a uniformed highway brigand who pulls you over with flashing lights is (and record the interaction), "What made you think I was engaged in commercial activity, officer?"
     
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  7. "Can you *honestly* see the like [of] Bush, Cheney, Obama, Halliburton, Monsanto, et al letting that [revolution] happen here [in the U.S.]?" --Valiant V., FB: July 5, 2014
    Bush, Cheney, Obama, Halliburton, Monsanto, et al aren't in control -- unless we believe they are - - -
    Hume's paradox as stated by Chomsky: In any society, the population submits to the rulers, even though force is always in the hands of the governed. Chomsky also suggests that, "Ultimately the governors, the rulers, can only rule if they control opinion --no matter how many guns they have. This is true of the most despotic societies and the most free, [Hume] wrote. If the general population won't accept things, the rulers are finished." --PFRM: Hume's paradox The Prosperous Few and the Restless Many (Interviews with Noam Chomsky) Copyright 1994 by David Barsamian
    I traveled Europe, etc. with Monica, a Polish girl, before the Berlin Wall came down. I'd read a little pamphlet by Russian dissident Andrei Amalrik, "Will the Soviet Union Survive Until 1984." He made the argument that it wouldn't. I regularly brought his idea up, just to see what the insiders thought.

    Monica, who managed to get out of Poland by becoming migrant labor in Sweden, said that was complete B.S. The Russian government had nukes, tanks and a huge army, complete control over the media, and had put down many rebellions. The Soviet Union would last for a thousand years.

    In fact, I had many Polish friends and they all agreed with Monica. By the time I visited Poland, I had developed the habit of asking what folks thought. To a person, they all agreed too.

    When The Wall came down in 1989, I got a bit of an undeserved reputation among the folks who rememberd me as a political guru for suggesting what had been to them the unthinkable.

    So, Valiant, yes I can see that happening here because, remember, it's NOT Bush, Cheney, Obama, Halliburton, Monsanto, et al. It's not who or what you think - - -


    ALSO of INTEREST?
    -Media's Role


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  8. Well, Greg - - - 

     Despite your claim, the NYT article you posted has nothing at all to do with war-like human behavior. It concerns new theories about the settlement of the Americas.

    Apparently, Greg, you stopped reading at the end of the second paragraph? This one - - -

    "Preserved amid the bromeliad-encrusted plateaus that tower over the thorn forests of northeast Brazil, the ancient rock art depicts fierce battles among tribesmen, orgiastic scenes of prehistoric revelry and hunters pursuing their game, spears in hand."
    Aside from the sensationalist phrase "rock art depicts fierce battles among tribesmen," crafted by the writer as part of his "hook," there isn't a single mention of any sort of battle or hostility at all in the entire rest of the article. Or in the included video.

    Like the Fallacy of the Chief, that short phrase is just old mythology snatched by a NYT writer to grab your attention.


    The lack of any serious grounding for that phrase is entirely consistent with the misinformation inflicted on us by pale-face historians to excuse our ancestors' murderous expropriation of real estate. It's an extension of what I sometimes call the "Indiana Jones School of Archaeology."


    The truth is, despite Hollywood, "Primitive" folks were in general much more "civilized" than we are. Here's a clue via text book reviewer James W. Loewen- - -

    New England's first Indian war, the Pequot War of 1636-37, provides a case study of the intensified warfare Europeans brought to America. Allied with the Narragansetts, traditional enemies of the Pequots, the colonists attacked at dawn. ... The slaughter shocked the Narragansetts, who had wanted merely to subjugate the Pequots, not exterminate them. The Narragansetts reproached the English for their style of warfare, crying, "It is naught, it is naught, because it is too furious, and slays too many men." In turn, Capt. John Underhill scoffed, saying that the Narragansett style of fighting was "more for pastime, than to conquer and subdue enemies." Underhill's analysis of the role of warfare in Narragansett society was correct, and might accurately be applied to other tribes as well. Through the centuries, whites frequently accused their Native allies of not fighting hard enough. --James W. Loewen, LIES MY TEACHER TOLD ME, (New York, NY: Touchstone 1996), p. 118
    Unfortunately modern mass cultures have been hijacked by hierarchists. That becomes obvious in odd places. For example, "modern" humans have essentially the same genetically specified emotional makeup as our "primitive" ancestors -- which explains why all that military training is necessary. It's to overcome the genetic reluctance most of us share with most other "animals" against killing our own kind. Like this:
     
    AND the MilitaryIndustrialCongressional Complex didn't warn us of the psychological risks. Like this for example:
     
    It used to be called "shell shock" etc. in the old days. Now it's called Post Traumatic Stress Disorder (PTSD) and a high percentage of folks who get involved in war suffer from what is now recognized as this often incurable malady.

    From the Narragansetts reaction to British warfare tactics, it's clear our tribal ancestors were much more reasonable about "war."


    Also, more up-to-date archaeology is much less enthusiastic in it's interpretation of artwork. Like this:

    "In the 30 years that separated Mellaart's Catalhoyuk [a 10,000 year-old ruin in Turkey] from Hodder's, archeology changed radically. By his last season even Mellaart was out of date: scientific archeology had arrived, and with it a preference for the quantifiable over the symbolic, for testable hypotheses over stories. Then in the 1980s, some archeologists began to question their whole enterprise, to dismiss as naive the view that you could ever know what really happened in the past, and as Eurocentric the interpretations that people like Mellaart had applied to ancient cultures. ...
    "The Mellaarts thought those things might tell them what really happened at Catalhoyuk--which is not at all the postmodern spirit. 'Postmodernism is difficult to define,' says Hodder. 'But one definition people use is the "end of grand narrative"--the end of the idea that there is one answer to the world. Postmodernism is much less optimistic, less certain. It focuses much more on 'multivocality': there are many different voices in the world and different perspectives, not just the Western one." --Robert Kunzig, A Tale of Two Archeologists, DISCOVER, MAY 1999, pg. 88
    It seems that Feynmanism is spreading rapidly to folks other than just legendary Physicists - - - AND even you're not the way they told you you are.


    ALSO OF INTEREST:
    Freedom and the Indians
    Rain, Kropotkin and Y2K -- Reel Human Nature
    What Went Wrong With the World-wide Socialist Revolutions?
    The REAL (Modern) Human Condition
     


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  9. Hi Kevin, ALL!

    OK, FWIW, here's my take on Bitcoin as you asked, Kevin. May be an hour late, but I hope not a pound short - - -

    While Bitcoin and its many other relatives (see below) are each individually limited by math -- as far as we know -- the aggregate supply of cryptocoins may be virtually unlimited. The prognosis isn't good: The aggregate is what counts and since it is, for all intents and purposes, unlimited, as the aggregate supply approaches infinity, the value approaches zero. Otherwise experienced as "inflation." Massive inflation.

    There are at least three useful historical precedents I'm aware of: The use of private bills of credit and/or exchange notes beginning with the Tang Dynasty in China -- and the use of "assignats" and then "mandats" too in the aftermath of the French Revolution during the last decade of the 18th Century. The third is a surprise.

    In the follow-on to the Tang Dynasty, the paper notes in China became so common that, by the law of supply and demand, in aggregate, most lost most or all value.

    While misunderstood by most people, such a disruption in the medium of exchange is more devastating to more people than any natural disaster could ever be. With the possible exception of the next eruption of the Yellowstone caldera or another Yucatan meteorite strike.


    As a result, the Chinese eliminated paper money entirely in 1455.

    In the French experience, the legislature, despite experience with John Law's "Mississippi Bubble," 70 years before, put paper "assignats" into circulation, supposedly based on and limited by land. The politicians couldn't control themselves of course, and kept issuing more and more assignats, which caused inflation. They then got the idea of getting the "excess" assignats out of circulation by issuing a substitute, called "mandats" and getting people to trade in their "assignats" for them. This was called an "interconvertibility scheme," and, predictably, both stayed in circulation despite the plan. The increased aggregate supply meant that the inflation continued.

    The surprise example was the 13 British North American colonies before the First American Revolution. The colonial governments got in the habit of issuing "Bills of Credit" -- essentially paper I.O.U.s -- which then circulated within the colony and it became customary to use them as money. The Colonial Governments, not understanding the danger -- or not worrying about it -- got in the habit of issuing these to cover expenses. Predictably this led to, you guessed it, "inflation."

    This result was so disruptive to all the colonies that all 13, individually, came to realize how undesirable it was and, even before the Revolution, stopped the practice.

    In fact, this history was so memorable that preventions found their way into the U.S. Constitution in Clause 1. Particularly, "No State shall ...emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts;"

    Thus "interconvertibility schemes" in all forms are, I think (but I've been wrong before), the ultimate Achilles heel of cryptocoins in general. They may be different in name, but they can all be used as very similar media of exchange -- which, by the Law of Supply and Demand, will likely EVENTUALLY make them pretty much worthless.

    Another short-coming of Bitcoin in particular is that the total anonymity built into the algoritm wasn't implemented for Bitcoin. This means they can be traced and so aren't as anonymous as folks were led to believe. Or even as anonymous as paper cash. That's why the FEDs were able to bust Silk Road. In fact, the FEDs can trace every individual Bitcoin if they want to go to the trouble.

    It looks like there may be other holes in the Bitcoin protocal in general as well. Mt. Gox, billed as the biggest Bitcoin exchange, just filed for bankruptcy protection in Japan: (February 28, 2014) It apparently lost all of it's patrons' Bitcoins to hackers.

    SO, if you decide to get involved in the cryptocoin trade, Kevin, I'd suggest one of the coins that DID implement total anonymity -- if it works. That at least gives it a little product differentiation. Probably, given the rapid evolution of things, very little.

    You might try Maxcoin, named after Max Keiser of RT's Keiser Report and pushed by Bitcoin guru Charles Hoskinson. Who knows whether it will make the cut, but you'd be in on the ground floor - - -

    Above advice worth what you paid for it.

    Health, happiness & long life,
    Rick

    P.S. Bitcoin -- and the other cryptocurrencies built on the bitcoin block-chain -- are just the tip of a pretty big iceberg that can be used for all sorts of things. It's a real phenom. Will it last in any form? Who the un-fuck knows. But it will be interesting to watch. It challenges the very basis of the government bankster axis.

    P.P.S. The next step in the Bitcoin evolution is billed as Ethereum - General - Bitcoin Foundation


    List of alt coins followed on reddit as of February, 2014. http://www.reddit.com/r/BitcoinBeginners/ other altcoins:

    /r/litecoin
    /r/peercoin
    /r/Anoncoin
    /r/primecoin
    /r/zerocoin
    /r/Namecoin
    /r/Mastercoin
    /r/Terracoin
    /r/Scamcoin
    /r/QuarkCoin
    /r/Megacoin
    /r/Worldcoin
    /r/Digitalcoin
    /r/Dogecoin
    /r/Unobtanium



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  10. Hi Will!

    Collapsing fiat empires tend to repressive police-states. This, along with the other bad things connected with paper money are, unfortunately, a matter of history. Rome, for example - - -
    The episodes of extreme inflation took a standard form. First the government started building up the army and undertaking public works projects. These projects increased expenditures drastically and the government raised tax rates. But the higher tax rates encouraged tax evasion and discouraged economic activity. The tax base diminished and soon the tax needs exceeded the tax capacity of the government. The government ...resorted to debasing the coins of the realm. This took the form of replacing the gold and silver in coins with copper and other cheaper metals. Over the period 218 to 268 A.D. the silver content of Roman coins dropped to one five thousandth of its original level. Sometimes the size and weight of coins were reduced. It also meant vastly increasing the amount of coins in circulation. There was a corresponding increase in prices. ...
    +
    In 301 AD Diocletian issued an edict declaring fixed prices; i.e., price controls. His edict provided for the death penalty for anyone selling above the control prices. There was also penalties (less severe) for anyone paying more than the control price.
    +
    In the short-run these draconian measures may have curbed inflation but in the long-run the results were disaster. Merchants stopped selling goods but this led to penalties against hoarding. People went out of business but Diocletian countered with laws saying that every man had to pursue the occupation of their father. The penalty for not doing so was death. This was justified on the basis that leaving the occupation of ones father was like a soldier deserting in time of war. The effect of this was to turn free men into serfs. --EPISODES OF HYPERINFLATION, Thayer Watkins, ECONOMICS DEPARTMENT, SAN JOSE STATE UNIVERSITY
    Maybe this reminds you of the Fiat Money Inflation in France after the French Revolution. It should.
    It [the French ruling body, the National Convention] decreed that any person selling gold or silver coin, or making any difference in any transaction between paper and specie [gold and silver coin], should be imprisoned in irons for six years; that anyone who refused to accept a payment in assignats, [paper money not denominated in a fixed amount of gold or silver] or accepted assignats at a discount, should pay a fine of three thousand francs; ...Later, on September 8, 1793, the penalty for such offenses was made death ...To reach the climax of ferocity, the Convention decreed, in May 1794, that the death penalty should be inflicted on any person convicted of "having asked, before a bargain was concluded, in what money payment was to be made." --Andrew Dickson White, Fiat Money Inflation In France, -pp. 78 & 79
    Here and now, we have Bernard von NotHaus - - -
    Bernard von NotHaus is the creator of the Liberty Dollar and co-founder of the Royal Hawaiian Mint Company.[1] [also NORFED] ... The FBI claimed that NORFED's purpose was to mix Liberty Dollars into the current money of the United States and that NORFED intended for the Liberty Dollar to be used as current money in order to limit reliance on, and to compete with, United States currency.[4] ...Von NotHaus was labeled as a domestic terrorist by the United States Federal Bureau of Investigation in 2011.[3] --Bernard von NotHaus - Wikipedia
    Here's a modern U.S. take of the trajectory from Prof. & ex-CIA assett Chalmers Johnson:
    This time his [Prof. Chalmers Johnson] tone was more alarmist, while his focus was on the way an American version of military Keynesianism was failing the country. He feared that the U.S. would be simultaneously overwhelmed by related tides of militarism and bankruptcy. ...he pulled together many of his thoughts about the fate of empires-particularly the Roman and British ones-and predicted that, in the reasonably near future, the U.S. would have to choose between remaining a democratic society or becoming a military dictatorship. --Chalmers Johnson vs. the Empire by Tom Engelhardt -- Antiwar.com
    Julian Assange of Wikileaks suggests just how far things have gone in one of those directions already. And he should know. He quotes someone else who should know - - -
    William Binney, the former chief of research, the National Security Agency's signals intelligence [sigint] division, describes this situation that we are in now as "turnkey totalitarianism," that the whole system of totalitarianism has been built -- the car, the engine has been built -- and it's just a matter of turning the key. And actually, when we look to see some of the crackdowns on WikiLeaks and the grand jury process and targeted assassinations and so on, actually it's arguable that key has already been partly turned. --EXCLUSIVE: Julian Assange on WikiLeaks, Bradley Manning, Cypherpunks, Surveillance State
    - - - and now we continue with this trend in the mid-east and Asia:
    "While mayor of Istanbul, Erdo?an quipped that democracy was like a street car: 'You ride it as far as you need and then you get off.' He has proven himself a man of his word, as he has moved to consolidate power, eviscerate the judiciary, crush free speech, curb the media and imprison political opponents," said commentator Michael Rubin. --Recipe for revolt: what do Ukraine, Turkey and Thailand have in common? | theguardian.com
    - - - and Europe:
    Criminalizing public meetings, expanding police powers and weaponry, and applying anti-terrorist measures to street protests: it sounds like Spain in the Franco years, but all of these measures have been proposed in Spain in just the last couple of weeks. Far from being a throwback to the years of dictatorship, these repressive developments go hand in hand with the current economic crisis. ...between the brutal austerity measures implemented already a year or two ago by the government in Madrid and the increasing signs of shakiness from more stable EU countries such as France, Spain is, if anything, ahead of the curve.... --In Barcelona, Austerity With an Iron Fist
    And here are some insights into how and why that happens - - -
    The abuse of buying and selling votes crept in and money began to play an important part in determining elections. Later on, this process of corruption spread to the law courts. And then to the army, and finally the Republic was subjected to the rule of emperors. --Plutarch (46 A.D.-127 A.D.) Historian of the Roman Republic 109_clip15
    Most police states, surprisingly, come about through the democratic process with majority support. During a crisis, the rights of individuals and the minority are more easily trampled, which is more likely to condition a nation to become a police state than a military coup. --Is America a Police State?, Congressman Ron Paul, U.S. House of Representatives, June 27, 2002
    Lucas' own geopolitics can sound pretty bleak: "All democracies turn into dictatorships -- but not by coup. The people give their democracy to a dictator, whether it's Julius Caesar or Napoleon or Adolf Hitler. Ultimately, the general population goes along with the idea ... " --filmmaker George Lucas, Dark Victory from time.com
    So, Bill, this is my real concern with today's economic upheavals and the fiat/paper currencies and debt that underlies them.

    A very large part of this battle is fought in the media, especially the new media, and I know you're doing your part there. I'm afraid it may be too late, but all that's necessary for evil to triumph is for good men to do nothing. Besides, otherwise, how would I spend my free time?

    Health, happy new year, and stable currencies,
    L. Tuesday, January 1, 2013


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