Posts Tagged ‘Cyprus’

Image of Lew RockwellLewRockwell.com claims to be “anti-state”, yet on March 28, 2013, Lew Rockwell wrote on his blog:

John Carney writes about what Cypriot banksterism has done for Bitcoins. However, they are not money, but a (we hope) private way to transfer funds. Money is what you can take to Kroger’s and exchange for groceries.

This is an amazing admission from a man who has made a career out of blasting government, and it’s also bizarre for him to be calling government-issued currency money in the same sentence as claiming Bitcoin isn’t money, despite it being non-coercively issued and exchanged.

I have pointed out several times on my radio program that the primary function of money is as a medium of exchange, and Bitcoin meets that test. If one were to question Bitcoin as a store of value, then one must also question gold as a medium of exchange, since it has more use as a store of value than as a medium exchange, and therefore doesn’t primarily function as the primary characteristic of money.

For more on Lew Rockwell, see my articles:

1) Lew Rockwell “banned” this Paul Craig Roberts article — we think you have the right to see it

2) Tom Woods had no time for a Bitcoin conference, yet had time to misrepresent government-issued currencies

3) Lew Rockwell.com’s latest pro-state article

4) Lew Rockwell entered into a voluntary agreement with the same government he regards as “far worse than the mafia”

5) Lew Rockwell says MSNBC is blocking their regular contributor, Pat Buchanan, from discussing his new book, but what about LewRockwell.com keeping certain articles by its regular contributors from its readers?

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Doug NewberryI was on Crisis of Reality with Doug Newberry on March 20, 2013, and discussed the following issues:

  • The attempted theft of up to nearly 10% of Cypriots’ bank account balances, how Cyprus couldn’t have been bailed out with Euro bonds, since they don’t exist, and the country would have to issue bonds directly, but there isn’t enough of a demand for them
  • Is George Soros buying up gun and ammo manufacturers? The Daily Caller claims it’s an internet rumour.
  • The gun-grabbers are at it again
    • Cultural divide over guns between Canadians and Americans because of no violent armed revolution in Canada, no Civil War, no history of slavery and no Second Amendment, so Canadians will generally go with U.S. mass media¬† anti-gun propaganda, and Canadians will be outgunned by their police forces and criminals when an economic collapse occurs, so hold onto your open and concealed-carry rights in the U.S. while you can!
  • Fellow Oracle Broadcasting host, Nathan Dedmore, calls in about his recent interview with David Williams about his site, Matrix Solutions
  • Why Canada is relatively more free than the United States since 9/11 — better representation in the people’s chamber, for one
  • Health care problems in Canada, compared to U.S.
    • 70% tax-payer funded, 30% privately funded
    • 9-hour emergency room wait time in a burgeoning Canadian city
    • Shorter wait time for a CAT scan for your cat than yourself
    • Big shortage of emergency room doctors, yet no problem finding a dentist or vet, because they are privately funded

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