Tags: Libertarian

Ron Paul Says Bitcoin Could be the “Destroyer of the Dollar”

Personally, I wouldn’t put it that way. The dollar is being destroyed by the Federal Reserve. Bitcoin is merely a preferred conduit through which fed up citizens decide to express their displeasure with the incredibly corrupt corporatist-facist state being shoved down our throats by a handful of insane and greedy oligarchs. Interesting comments nonetheless. From CNN Money:

Imagine a world in which you can buy anything in secret. No banks. No fees. No worries inflation will make today’s money worth less tomorrow.

The digital currency Bitcoin promises all these things. And while it’s far from achieving any of them — its value is unstable and it’s rarely used — some have high hopes. 

“There will be alternatives to the dollar, and this might be one of them,” said former U.S. congressman Ron Paul. If people start using bitcoins en masse, “it’ll go down in history as the destroyer of the dollar,” Paul added.

It’s unlikely that Bitcoin would replace the dollar or other government-controlled currencies. But it could serve as a kind of universal alternative currency that is accepted everywhere around the globe. Concerned about the dollar’s inflation? Just move your cash to bitcoins and use them to pay your bills instead. Tired of hefty credit card fees? Bitcoin allows transactions that bypass banks.

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Chris Christie is Backed by War Criminal Henry Kissinger for 2016 Presidential Run

In the seemingness endless sham that is the false choice between a crony, Wall Street owned Democrat and a crony, Wall Street owned Republican, political analysts are already desperately scrambling to guess who the GOP will run against establishment hack Hilary Clinton in 2016 (who was recently paid $400k by Goldman Sachs for two speeches).

In my opinion, it will be between the libertarian-leaning Rand Paul and the obese, neocon Chris Christie. Christie is already quite aware of this, and since he doesn’t really stand for anything, he recently decided to take a stand against something. That something is libertarianism, which he slammed in an irrational rant this summer in Aspen.

In case you had any doubt who the war mongering, establishment Republicans will stand with in 2016, you needn’t doubt any longer. PolicyMic just published an interesting article demonstrating that war criminal Henry Kissinger is solidly behind Chris Christie.

We learn that:

Christie has made no secret of his dislike of “this strain of libertarianism” in the GOP that, in his view, ignores the lessons that New Yorkers and New Jerseyans learned after 9/11. In fact, Kissinger himself encouraged Christie to run in 2012 and according to Dave Weigel of Slate, brushed away the governor’s thin foreign policy resume by saying, “We can work with you on that. Foreign policy is instinct, it’s character, that’s what foreign policy is.” (Say all this in a Kissinger accent and it either starts to sound super badass or super creepy, depending on your views.) Kissinger himself has gone on record saying he thinks Christie would be an ideal national candidate for the GOP.

Just makes you wonder why folks like Kissinger never go away and seem to live to 120, while folks like Gandhi, Martin Luther King and John Lennon are always assassinated?

Full article here.

In Liberty,

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Welcome to the Silk Road: A Mind-Blowing Interview with Dread Pirate Roberts

An entrepreneur as professionally careful as the Dread Pirate Roberts doesn’t trust instant messaging services. Forget phones or Skype. At one point during our eight-month preinterview courtship, I offer to meet him at an undisclosed location outside the United States. “Meeting in person is out of the question,” he says. “I don’t meet in person even with my closest advisors.” When I ask for his name and nationality, he’s so spooked that he refuses to answer any other questions and we lose contact for a month.

All my communications with Roberts are routed exclusively through the messaging system and forums of the website he owns and manages, the Silk Road… “The highest levels of government are hunting me,” says Roberts. “I can’t take any chances.”

– From Forbes’ recent article on the Silk Road

Most of my readers have probably heard of the Silk Road. No, not the historical trade routes that linked Europe to Asia, but rather the online illegal drug marketplace accessible only via anonymity browsing software Tor, and where the only currency accepted is Bitcoin.

Those of you who have heard about it, probably know far less about the man that runs it. A character who only goes by the name Dread Pirate Roberts. He’s a character who usually stays firmly in the shadows for obvious reasons, but who has come out and done an excellent interview with Andy Greenberg of Forbes. What follows are some of the more interesting exchanges. From Forbes:

An entrepreneur as professionally careful as the Dread Pirate Roberts doesn’t trust instant messaging services. Forget phones or Skype. At one point during our eight-month preinterview courtship, I offer to meet him at an undisclosed location outside the United States. “Meeting in person is out of the question,” he says. “I don’t meet in person even with my closest advisors.” When I ask for his name and nationality, he’s so spooked that he refuses to answer any other questions and we lose contact for a month.

All my communications with Roberts are routed exclusively through the messaging system and forums of the website he owns and manages, the Silk Road. Accessing the site requires running the anonymity software Tor, which encrypts Web traffic and triple-bounces it among thousands of computers around the world. Like a long, blindfolded ride in the back of some guerrilla leader’s van, Tor is designed to prevent me–and anyone else–from tracking the location of Silk Road’s servers or the Dread Pirate Roberts himself. “The highest levels of government are hunting me,” says Roberts. “I can’t take any chances.”

By the measure of Carnegie Mellon researcher Nicolas Christin, Roberts’ eBay-like service was grossing $1.2 million a month in the first half of 2012. Since then the site has doubled its product listings, and revenue now hits an annual run-rate of $30 million to $45 million by FORBES’ estimate.

Roberts also has a political agenda: He sees himself not just as an enabler of street-corner pushers but also as a radical libertarian revolutionary carving out an anarchic digital space beyond the reach of the taxation and regulatory powers of the state–Julian Assange with a hypodermic needle.

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Paul Krugman Goes on the Attack: Calls Bitcoin “Antisocial”

Anyone on the fence with regard to Bitcoin should consider coming to the side of supporting it after reading Paul Krugman’s ridiculous and riddled with errors hit-piece in the New York Times this weekend.  The key tipoff as to where he is coming from in this absurd editorial is in the title itself in which he calls Bitcoin an “antisocial network.”  Anti-social is one of the most favored collectivist/fascist terms and concepts of all time.  A term meant to demonize those in a particular society that think for themselves rather than conform to whatever the oligarchs or dictators in charge of the state deem appropriate or “social.”  Jews would have been seen as “antisocial” in Nazi Germany, just as anyone with glasses would have been deemed “antisocial” in Pol Pot’s Cambodia.  This is a very dangerous term and one that is intended to guilt people into the acceptance of a stale, authoritarian and conformist society.

Now let’s get to some of the more ridiculous passages from his editorial.  From the New York Times:

The economic significance of this roller coaster was basically nil. But the furor over bitcoin was a useful lesson in the ways people misunderstand money — and in particular how they are misled by the desire to divorce the value of money from the society it serves.

The similarity to goldbug rhetoric isn’t a coincidence, since goldbugs and bitcoin enthusiasts — bitbugs? — tend to share both libertarian politics and the belief that governments are vastly abusing their power to print money. At the same time, it’s very peculiar, since bitcoins are in a sense the ultimate fiat currency, with a value conjured out of thin air.  Gold’s value comes in part because it has nonmonetary uses, such as filling teeth and making jewelry; paper currencies have value because they’re backed by the power of the state, which defines them as legal tender and accepts them as payment for taxes. Bitcoins, however, derive their value, if any, purely from self-fulfilling prophecy, the belief that other people will accept them as payment.

This paragraph is so riddled with blatant errors it is almost difficult to know where to start.  First, either Krugman is extremely lazy and intellectually dishonest by misdefining “fiat,” or he is purposefully misleading his readers with full knowledge that they have zero understanding of money and will simply take his word for it.  As I have mentioned many times before, fiat is defined as:  1. A formal authorization or proposition; a decree and 2. An arbitrary order.  Synonyms include: decree, diktat, directive, edict, rescript, ruling.  So Bitcoin is actually the exact opposite of fiat money.

Second, he implies that the value of gold comes from its uses in jewelry and dentistry.  Really Paul?  I guess Vladimir Putin must have some really rotten teeth and I suppose that Fort Knox still holds billions of gold bricks in anticipation of a massive dental epidemic sure to hit the United States in the near future.  Absolutely ridiculous.

The practical misconception here — and it’s a big one — is the notion that we live in an era of wildly irresponsible money printing, with runaway inflation just around the corner. It’s true that the Federal Reserve and other central banks have greatly expanded their balance sheets — but they’ve done that explicitly as a temporary measure in response to economic crisis. I know, government officials are not to be trusted and all that, but the truth is that Ben Bernanke’s promises that his actions wouldn’t be inflationary have been vindicated year after year, while goldbugs’ dire warnings of inflation keep not coming true.

Temporary?  So I suppose four and a half years of rampant money printing and bank bailouts is “transitory” in Krugman’s mind.   I’d love to ask Krugman when this becomes “un-temporary” in his mind.  Ten years?  Twenty?  I’d love to know.  For some background, I wrote a lengthy piece called It’s Transitory back in June, 2011.

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Who is Gary Johnson and Why is the GOP So Mad at Him?

I had the opportunity to see Gary Johnson speak for the first time this past Monday at a campaign event at the University of Colorado Boulder.  I was completely blown away by the crowd, which was beyond standing room only.  It was so packed people were sitting in the aisles and they had to turn people away.  I was very impressed by what the former Government of New Mexico had to say as well as his down to earth demeanor.  Here are a couple of photos from the event.

While we are on the topic, I read a great article on Mr. Johnson from Time titled: Who Is Gary Johnson? And Why Is the GOP So Mad at Him?  Here are some of my favorite excerpts:

Johnson isn’t one of those incapable, extremist, wacky, millionaire third-party candidates. He is extremist: he wants to abolish the IRS, legalize marijuana and allow the private sector to create competing currencies. Sure, he’s a little wacky: he’s finished 75 triathlons, climbed Mount Everest eight weeks after breaking his leg in a skiing accident and crashed while paragliding. And yeah, he’s a millionaire: in 1999 he got $10 million for a handyman business he started his junior year of college and built into a 1,000-employee construction firm.

But he’s capable. As a Republican, he won two terms as governor of New Mexico with no prior political experience, eliminating the deficit and creating a surplus before leaving office in 2003 with high approval ratings—which he recovered after dipping 30 points when he talked about drug legalization. “Ron Paul is a social conservative,” he says. “I’m not. Ron Paul would talk about legalizing marijuana, but he’s never smoked marijuana.”

His running mate, Jim Gray, a former California Superior Court judge whom Johnson met at a drug-legalization conference, says Johnson often seems to lack ego. “He said to me, ‘If, during the campaign, you have different ideas than I do, feel free to say that publicly.’”

As I’ve said before, he’s got my vote.

Read the entire Time article here.

In Liberty,

Meet Gary Johnson: The Libertarian for President Polling at 7% in Colorado

I haven’t endorsed anyone for President yet, but the guy that catches my eye more than any other at the moment is Libertarian candidate Gary Johnson.  While people will say a vote for Gary Johnson is a “wasted vote” or a “vote for Obama,” neither of these claims are accurate.  First of all, a “wasted vote” is to play the system’s rigged game and vote for the “lesser of two evils” between two awful candidates that fundamentally disagree with me on every single issue of importance.  To the second point, there is a lot of evidence that suggests Johnson pulls from both parties, and in fact mostly from Independent voters (who probably wouldn’t vote anyway), with him pulling more away from Obama in my home state of Colorado where he is polling at 7% as of late!

I don’t like labels and I prefer not to attach myself to any.  While I agree more with the Libertarian platform than the other options, no political philosophy is perfect.  The point is that the Democrats and Republicans are two big party elite shams that pit the populace purposely against one another on emotional social issues so as to never debate what really matters.  Gary Johnson is virulently opposed to Gestapo type legislation like the NDAA, which Obama is fighting aggressively in court to keep, he is against the Federal Reserve system, in favor or real capitalism where there are no massive bank bailouts or institutionalized socialism for the rich and austerity for the middle class.  He is the only commonsense guy running for President that sees the nation’s future in a similar vein to so many of my generation and younger if we would just wake up.

Gary Johnson has recently polled around 5% nationally.  While this is impressive for a guy with zero media coverage, he needs 15% to get in the debates.  If nothing else, it would be amazing to see him up there with the other two puppets.  If we spread his message perhaps he can get there.

Below is a interview my friend Dan Ameduri recorded with Mr. Johnson at the Freedom Fest in Vegas.  His candor is refreshing and without a doubt you will know where this man stands on the issues.  Please take the time.  Our nation’s future is at stake.

In Liberty,