Tag Archives: Freedom

The Rise of Bitcoin and its Meaning of Freedom for Finance




 

Bitcoin Meaning of Freedom

Bitcoin may be the most significant technological invention of the twenty-first century. While I won’t go into excessive detail about what it is and how it works here, I will summarize its key characteristics, recent revelations, and attempt to explain why they have proven to be so revolutionary. Crypto currency has tremendous implications for the meaning of freedom.

 

The basics

Bitcoin is a new form of digital currency known as crypto currency. A computer programmer using the pseudo name “Satoshi Nakamoto” invented it around 2009. This form of digital money can be divided up and sent anywhere in the world in the absence of a third-party (such as a bank or PayPal). It cannot be created by fiat means (central banks create traditional currency out of thin air to no end), and must be “mined” using sophisticated computer hardware to solve complex algorithms. The difficulty of mining a coin rises exponentially as time goes on. The currency payment system works using a decentralized peer-to-peer network with which “miners” are incentivized to facilitate transactions by being awarded with new coins.

This means that no central hub or server needs to exist. A fully distributed, efficiently functioning, decentralized financial network has been created for the first time in history. For more on the mathematics and hard science of bitcoin, see the Satoshi Nakamoto white paper here. 

The following 5-minute YouTube video also provides brief analysis by such titans of business as Richard Branson and Bill gates, among others.

While one ought to ignore the extravagant price projections, listening to what the experts in this video have to say may be enlightening. They provide a good summary of key points for those unfamiliar with this development.

While many people may still be unaware of the technical aspects of crypto currency, it has begun to work its way into the mainstream. With each passing day, it becomes more and more recognized as a legitimate store of value and convenient medium of exchange. So, you may be wondering, how does one acquire bitcoin, and what can it be used for? The answers to such questions are legion.

Uses and Acquisition

Bitcoin ATMs have already sprung up in many places. In fact, there are a total of 552 BTC ATMs in America, a full index of which can be seen here. Large merchants such as Expedia.com and Overstock.com accept Bitcoin as a form of payment. Many online precious metals dealers also accept Bitcoin in exchange for copper, silver, gold, and platinum. The number of businesses accepting bitcoin and other alternative crypto currencies as payment continues to grow.

Upon gaining more widespread acceptance and legitimacy, Bitcoin has begun to boom. A year ago (January 2016), its market cap was under $7 billion. Today (January 2017), it has risen to over $12 billion, at some points reaching as high as $16 billion. While some financial commentators note that this overall market cap pales in comparison to most traditional financial markets, they tend to overlook the pace at which it has risen. If this pace were to continue, it would place bitcoin in contention with many other financial assets in short order. Some say this has already begun.

Rapid Rise

This rapid increase in value can be attributed in large part to the ongoing instability of geopolitical events over the last year. It began with Brexit (Great Britain choosing to leave the European Union), accelerated with the election of Donald Trump, and really took off into the stratosphere with the devaluation of the Chinese Yuan.

Indeed, the Chinese are responsible for the bulk of bitcoin investing and trading. Chinese trading accounts for somewhere around 90% of all the bitcoin traded in the world. The Chinese are the biggest investors in the crypto currency sector. So often, when there are big moves, it can be attributed to something they are doing.

Seeing their native currency depreciate rapidly, Chinese buyers may be the largest factor in finally pushing bitcoin prices beyond the psychologically important $1,000 mark. 

Of course, crypto currency being notoriously volatile, the price quickly retreated back to the $900 range. This kind of steep correction often follows a quick spike upwards. Still, bitcoin continues to become more stable with time. At the time of publishing, the price stands at about $810 per bitcoin.

For some historical perspective, it’s worth noting that over the past year, bitcoin has still risen over 100% percent relative to the US dollar, and almost 15% over the past month, even after the sharp decline from its recent peak. Going back even further, again looking at values in USD, the value has risen over 350% in the past two years, and over 1,200% in the past four years! Astonishingly, bitcoin has soared approximately 7,500% since its inception back in 2009.

During the year of 2015, bitcoin became the best-performing asset in the entire world.  And while it’s not certain yet, it looks as if it may enjoy that same status for the year of 2016 as well.

Summary

In short, crypto currency allows people to become their own banks, as it requires no third-party for transactions. This amounts to a huge advancement for individual liberty and brings the meaning of freedom into new realms for personal finance. The value of a digital commodity that cannot be created by fiat cannot be overstated.

As mining coins becomes more difficult, they become more and more scarce as a digital commodity. The most noteworthy aspects of this whole thing involve the following: 1) for the first time, a real digital commodity has been created – something that cannot be created by fiat, and 2) an online medium of exchange not requiring a third party now exists. Entire books could be written on the magnificence and significance of this.

If you’re interesting in getting into the crypto currency sector, engage in your own meticulous research before doing so. The legendary investor Warren Buffet has been known for stating that one of his biggest keys to success has been never investing in something he doesn’t understand.

Should you decide crypto currency might be for you, the best options include US-based exchange Coinbase and local bitcoin ATMs. Look into a BTC ATM in your area, or learn more about Coinbase, the largest exchange and online-hosted wallet for digital currency.

What do you think? Does the idea of owning your own money (rather than entrusting it to a bank) appeal to you? Does the ability to conduct secure financial transactions, without a third party and with almost zero fees, sound intriguing? How do you see this impacting the meaning of freedom, from a financial perspective? Leave your thoughts in a comment below.

 

 

War on Cash Escalates, Threatens Freedom & Liberty (part 1)




 

Do you use cash to pay for things? If so, it may only be a matter of time before you can no longer do so.

With each passing day, our society moves closer and closer to a cashless one. And that has very dire consequences for our personal freedom and sovereignty.

The right to have control over one’s currency must be considered paramount. Those currency units represent the amount of time it takes to earn them. In effect, they represent little pieces of one’s life. Currency equals life.

Now, imagine being denied the right to do with your life as you see fit. Imagine it being under the control of government and banks. Most people cannot imagine this. Yet it has been happening, and will continue unabated if the banks have their way.

Several countries have recently made startling moves toward a cashless society. The pace at which this agenda appears to be moving forward looks surprising to say the least.
India, for example, has seen the war on cash come to its doors. Its government recently banned high-denomination bank notes (see here) 

In this latest development on what has been termed “the war on cash”, absolute chaos has ensued. People have been waiting in lines that stretch across entire city blocks just to exchange their cash for smaller notes they can spend. Just take a look at this short Youtube clip:

In South Korea, the government has decided to eliminate coins altogether, openly declaring the move to be one toward a “cashless society”.

In fact, a whole list of countries exists that have already made significant move towards a cashless society. They remain one step away from total monetary control over their citizens lives.

The war on cash has many far-reaching implications and appears to be part of a larger plan by global central banks to centralize all capital under a single digital domain. This allows for greater control, increased scrutiny over transactions, and total elimination of any personal financial privacy. As we move towards a cashless society, our freedom diminishes.

As our freedom diminishes, so too does our prosperity. America became the most prosperous nation in history because it began as the freest. Now it seems as though everyday brings with it a new deterioration of those freedoms.

Anyone with a conscience cannot stand idly by and watch as a concerted effort by politicians, financiers, bankers, and oligarchs pushes us onward toward serfdom.
Take a stand and fight back in this war on cash, by committing to use cash to pay for goods and services whenever possible.

What will you do? Sit back as your liberties get chiseled away, or make any attempt possible to delay this system of control being forced upon us all by globalists and bankers?

Leave a comment below regarding your thoughts.

Five Unbelievable Figures Regarding the Student Loan Debt Bubble

 





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You may have heard about the student loan crisis in America. Millions of college graduates cannot repay trillions in loans. Their wages, or lack thereof, seem to inhibit their capacity for servicing their debt. This lack of repayment, while inconsequential in the near-term, will at some point become catastrophic for the nation as a whole.

The fact that student loans cannot and will not be repaid will have two inescapable ramifications: 1) impact upon the broader economy resulting from former students being burdened by excess debt, and 2) impact upon the national debt, adding to the black hole that is US Finances.

When people cannot afford to pay back student loans, they cannot even think about purchasing homes. This effect appears to have already begun to take hold within the real economy, as evidenced by the fact that the rate of home ownership has been tanking for over a decade now, reaching recent lows not seen in almost fifty years. Startling as that last fact may be, it does not constitute one of the five unbelievable figures about the student loan debt bubble. To begin:

 

  • 3 Trillion USDThe size of the bubble to date. It seems like just yesterday this number had only surpassed the trillion mark. Those trillions represent the lives and dreams of millions of people who “invested in their futures” by borrowing for an education. Now that education has failed to produce a return on investment.
  • 100%The amount by which public, in-state university tuition has increased over the last ten years. When compared to the increase in cost of tuition for out-of-state and private schools, this appears tame. Many observers note that this meteoric rise has only been made possible by government intervention. Government-guaranteed loans can be secured for any amount, regardless of market value. This results in increased costs for diminishing quality products. Again, we see similar lending dynamics that took hold during the housing bubble that took center stage during the 2008-2009 financial crisis. Could the student loan debt bubble enter the spotlight during the next stage of this crisis that seems to never end?
  • 293,029 – The number of Master’s Degree holders on food stamps. Take a second to soak in that figure and grasp its significance. Hundreds of thousands of people in the land of opportunity can no longer afford to feed themselves, despite having worked so hard they managed to achieve a level of education that only about 2% of human beings who live today will ever achieve in their lifetimes. How can anyone believe that “everything is awesome”?
  • 40% – Rate of delinquency on student loans. You read correctly – over forty percent of all student loans remain in delinquency today. That means that almost half of all graduates cannot afford to make even a single payment on their loans. And somehow people still insist things have not deteriorated. How anyone can perceive this situation as normal will forever be beyond the scope of reason.
  • Student loans cannot be discharged through bankruptcy. This last one may not be a figure, but it overshadows all of the grim statistics. Student loan debt can be considered the most sinister form of all debt, for it can never be discharged. That translates to a lifetime of debt servitude for all who bought into this most epic of financial scams. Most were never educated on the far-reaching consequences of these loans. Some didn’t even have a clue that loans were being taken out in their name – or even what a loan was!

 

In short, this bubble will have to burst one day. Some indications exist that it has already begun to do so. For instance, in 2011, a form of mass loan forgiveness was introduced – income-based-repayment. This plan allows students to make payments no greater than 10% of their income. For many, this amounts to a payment of zero.  So millions can be in default indefinitely.  The meaning of freedom involves being free of debt.  Austrian economics dictates that debt deters savings, which inhibits economic growth.  Therefore, further debt expansion will always be needed…until the bubble finally bursts.

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Freedom & Preparedness

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Growing up in California, one becomes aware of the potential destructive capacity inherent within nature. And when nature strikes, it often does so with little to no warning.
Earthquakes, wildfires, and landslides all happen within a moment’s notice. A wildfire or landslide can be anticipated to some extent – e.g., smoke in the distance or heavy rains – though they still tend to catch people off guard. Earthquakes, on the other hand, have a far more sudden and unpredictable nature.  No natural disaster better reminds one of the importance of preparedness.
During the 6.7 magnitude Northridge earthquake of 1994, many people found themselves unprepared. For several days, everything was shut down. Electricity was out. Roads and bridges had collapsed. Business and commerce in the region ceased altogether for a short period.
The above paragraph may sound extreme, yet it all happened for millions of people just twenty-two years ago. Yes, most survived (tragically, some did not). And most found a way to get through in the end. That doesn’t mean they wouldn’t have benefited enormously from a little foresight and preparation. Many lives can easily be spared unnecessary trauma and hardship with even minor measures beforehand.
What’s more, one becomes more able to assist one’s neighbors and loved ones. When you ensure your own safety, you increase the odds of being able to help someone else who wasn’t able to, at a time when they will need it most.
In recent days, the world has become aware of two major natural disasters, one real and one imminent: 1) the epic blaze in Alberta, Canada, and 2) the pressure building among the major fault-lines in California.
The fire in Canada has been said to have the potential to burn for months. And scientists say it’s only a matter of time before another large earthquake strikes California – perhaps as large as a magnitude 8.0 mega-quake.
The meaning of freedom involves non-reliance upon external authorities in any situation. Therefore, being prepared remains essential to pure freedom. That’s why you can find several links to food storage and other preparedness products right here.
Survival expert James Wesley Rawles has written in his books that the three most essential items include beans, bullets, and band-aids. In other words, long-term food storage, weapons & ammo for protection, and health + first-aid supplies for emergency. That includes any necessary medicines.
In the end, the more freedom one desires, the more one may feel it necessary to prepare. Don’t take it from me – just ask some of the billionaires who invest large sums of money in their extravagant doomsday preparations. And that’s not to mention the extensive preparations the USFG has undertaken itself – FEMA in particular. Entire articles, books even, can be written on these subjects alone.

What are your thoughts?  Feel free to share them in a comment below.

Collectivism Growing – Freedom Threatened




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America was founded upon the ideas of limited government and individual liberty.  These values and many related to them gave rise to the most independent, prosperous nation in history.  Today, as those values decline, so too does America and her standard of living.

How do we know America continues to inch closer to the same dystopian fate befallen upon countless countries in the past?  Simple: individuals who have lived through such dystopias note the parallels between what’s happening in America now, and what happened in their home countries then.

One such individual is Agustin Blazquez, Cuban-American filmmaker.  In a recent interview with The Daily Caller, Blazquez expressed his concern about the rise of socialist candidates such as Bernie Sanders:

” For Blazquez, watching American youth embrace avowed socialist Sen. Bernie Sanders for president, strikes him as “absurd.” It is the end result, he says, of the cultural marxist education and media propaganda that has anesthetized too many Americans who do not defend the values that made America exceptional. “
Read more:  http://dailycaller.com/2016/04/30/cuban-american-filmmaker-warns-america-is-morphing-into-communist-country/#ixzz47WQTKuMW

It does come as a shock to see socialism being embraced with open arms.  It seems people have forgotten the millions upon millions of victims of tyrannical socialist regimes throughout history.  They seem to assume they will be immune, that somehow this time will be different, and this government will be nice to them, unlike every other force- backed government throughout all of human history.

Communism has been responsible for more death and destruction than anything else in recent history.  The 20th century, for example, saw about 94 million murdered under communist/socialist regimes.

And it doesn’t matter what we call it – communism, fascism, socialism, or any other “ISM”…different terms for centralized control.

Of course, the term “socialism” gets used more today, in order to avoid the disastrous past the word “communism” conjures within the mind.  A time will come when no words will suffice – everyone will see through this madness and demand their freedom back.

As Patrick Henry once said, “Give me liberty, or give me death!”

The masses will issue a similar declaration in the near future.  In many ways around the world, they already have begun to do so.

What do you think? Do you see your liberties eroding? Will you support socialism as the proposed solution? Feel free to leave a comment below and share this post on social media.