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Posts Tagged ‘Bitcoin’

Exposing Faux Capitalism with Jason Erb, April 12, 2014 on Truth Frequency Radio audio here:

Action-packed, energetic show! Bitcoin, Libertarian interview, Lyndon LaRouche’s disinfo, “Multicultural Madness,” Andy Gause on Karen Hudes’ gold claims, Lew Rockwell tones down an-cap rhetoric, his phony anti-state slogan, and paying taxes under protest of duress.

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With the Newsweek claim that they have found the purported founder of Bitcoin, Satoshi Nakamoto, starting 15 minutes in to the interview with Tim Richardson on The Agenda with Steve Paikin, he states:

I also happen to know a little about Japanese culture; I’ve lived in Japan, speak Japanese.

And regarding the name Satoshi Nakamoto:

The choice of that word for him has many ramifications if you look at Japanese culture and Japanese history.

and:

The reason why you would pick a person like that, say versus a Korean, or a person from Latin America.

While Richardson wouldn’t say whether he thought this Satoshi Nakamoto was the real founder or not, his words to me imply that the name was invented, or that they chose this person from among a team of founders to be identified as the founder of Bitcoin for a very specific purpose.

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MoneyHere are my Top 5 2013 radio interviews, based on audience reach.

1) The Power Hour with Joyce Riley, December 16, 2013

2) Red Ice Radio, November 4 2013

3) The Conspiracy Show with Richard Syrett, Zoomer Radio AM 740, Toronto, November 3, 2013

4) Radio Liberty with Dr. Stan Monteith, December 3, 2013

5) Erskine Overnight, November 16, 2013

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Alex Jones posted a video on February 7, 2014, entitled “Alex Jones: A Real Banking Solution”

In it, he endorses state banking (at 4:00).

However, he muddles his message, as he first starts talking about the completely unrelated matter of Bill Clinton and Elizabeth Hurley, then says he’s against the U.S. Postal Service getting into predatory banking, then says he’d support a federal bank to issue low-interest loans but says it couldn’t be trusted, then endorses state banking, then warns against Bitcoin.

He may not have intended it this way, but it certainly does come off as a muddled message, leaving some people shaking their heads as to what real monetary reform looks like. For more on that, see my articles and those of Anthony Migchels, and for a clear presentation of state banking, see Ellen Brown and the Public Banking Institute.

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Tom WoodsOn the Sunday, January 5, 2014 episode of Exposing Faux Capitalism with Jason Erb, from 8 to 10 PM EST, I intend to provide a full critique and refutation of Tom Woods’ 2013 presentation paper, “Why the Greenbackers are Wrong“.

I find it very revealing that he had more time to prepare this paper than to investigate Bitcoin, for instance, which is a privately-issued alternative to the illusory free market gold standard he and most of his compatriots of the Austrian School keep pushing.

You know what they say — when you’re over the target, expect to get some flak.

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USA PreparesHere a summary I prepared of my December 24, 2013 appearance on USA Prepares with Vincent Finelli:

4m – Gold coins have been used for 2600 years in a wide-spread way, since the Roman Republic
4m – 40% backing of the money supply by gold in the u.s. from 1914-1933, so for every $5, they had to have $2 worth of gold
5m – 1933 gold confiscation, where most didn’t comply, and that’s good, because it was under false pretenses
5m – 1974 – Americans able to own gold again, a big increase from them until 1980, then a 21-year period of decline until around $250 USD an ounce
6m – Gold and silver confiscation show how valuable they are
6m – Numismatic gold free from confiscation
6m – Platinum as the overlooked investment metal and currency
7m – Silver’s a tighter market than gold – 70% of silver comes from base metal mining, so even when economy’s not doing so well, silver can still have a great investment value, because of tighter supply
8m – With gold, the central banks own a lot of it, in total
8m – They may want to back up IMF SDRs or other currencies with gold at some point
9m – Gold being thrown away by not recycling gold in old computers
10m – The reason why gold and silver haven’t reached the true market value they deserve is because of the paper futures market, said to be around 100 times the amount of physical gold
18m – Physical gold and silver vs digits on a computer
20m – No substitute for having actual tangible value for exchange
30m – On cash – it’s recognizable and more likely to be exchanged for smaller items than gold, and gold would be better for appreciating in value to buy more later on
31m – Big risk with cash of hyperinflation, if govt doesn’t honour its debt commitments
32m – Silver at $20 an ounce looks like a good investment to me
35m – Bitcoins introduced in January 2009, theory underlying them goes back to at least 1996
35m – Nodes facilitating transactions and being rewarded with Bitcoins for doing so
36m – The pros — privately issued, decentralized, infinitesimally low transaction costs, high divisibility, international recognition
37m – The cons — if the internet goes down, your Bitcoins are useless, govts getting concerned over their hegemony to issue money
38m – Silk Road shutdown
38m – Public record of all Bitcoin transactions — could be tied into govt intelligence operation — a giveway would be if mass media starts really promoting Bitcoin
39m – China requiring all Bitcoin users to be registered
40m – Bitcoin providing a great educational opportunity, and a great way to make (or lose) a quick buck, as these currencies are reminiscent of the Dot Com Boom (and Bust)
47m – I think the name Bitcoin, with coin in the name, was deliberately used as a marketing tool, to connote more tangible value to them
49m – From Bitcoincharts.com, it was trading that day with around 30% volatility
50m – Major U.S. retailer, Overstock.com, plans to accept Bitcoin by the second half of 2014, but will continuously convert them into dollars, to limit volatility

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G. Edward GriffinSome interesting points arose out of this November 24, 2013 interview on the Big Plantation with G. Edward Griffin.

First, in clearing up a misconception about an alleged 100-year charter for the Federal Reserve, he claims there originally was one, when in reality, it was a 20-year charter.

16m – In clearing up misconception about a 100-year charter for the Federal Reserve, he says there originally was one, and it was later removed, when in reality it was a 20-year charter
19m – No JFK speech at Columbia university about breaking up Fed, as he had never even been to that university
25m – Said he likes Bitcoin a lot because it’s independent of government interference
26m – He likes the feature that the supply is limited (FC: Actually, this is one of its big negatives, in my opinion)
27m – Said he doesn’t like that it’s not backed up by something of intrinsic value
28m – Admits govt can shut down gold and silver, too
28m – Said it’s a good idea to have your assets tied up in gold and silver (FC: It wasn’t a good idea in 1933 and 1934, when they were confiscated, respectively!)
29m – Says it’s playing a very important role in the awareness of our monetary problems today
33m – Admits bankers do own a lot of gold, because it’s a store of value (FC: And because they have historically controlled money, economies and nations with it)
34m – Laughably says it doesn’t mean they want to back a currency with it, because it puts limits on their ability to make more money off interest (What about the U.S. backing up its money supply from 1914 to 1933 40% by gold? Were the people crying out for that, or was it the bankers? He’s either unaware of, or intentionally concealing the historical pattern of the bankers reverting to some gold standard in order to shore up confidence in the monetary system after they’ve collapsed the current one.)
39m – Said he’s read evidence claiming that silver could be equal to gold in an unregulated market (FC: Not much evidence to suggest that, since gold has always traded higher than silver throughout the entire history of the United States, including the nearly 30 years after Andrew Jackson killed the Second (Central) Bank of the United States).

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