The Rise of Bitcoin Is It Real Money If It Doesn’t Come From the Mint? … Bitcoins introduced a lot of people to the idea of computerized money. Now the digital currency, which set off a minor frenzy when it broke into public consciousness in 2013, is trying to grow up and turn into something useful. – Bloomberg
Dominant Social Theme: Bitcoin could be money, maybe … Anyway, it´s interesting.
Free-Market Analysis: We´ve always been a little skeptical of bitcoin and have received plenty of slings and arrows for our apparently non-libertarian stance when it comes to this private, electronic technology. But we remain interested and this Bloomberg article caught our eye.
This Bloomberg Quick Take, in fact, was first posted at the beginning of October and then updated yesterday. The short article asks two significant questions: What is money and can bitcoin become an accepted money regionally or worldwide?
Remember, please … for a while, it was quite the fashion to approve of bitcoin if you believed in freedom and rooted for its expansion. Now the mania seems to have worn a bit thin, but our fascination remains … and our skepticism.
UPDATE: AT&T has blamed a “nationally syndicated radio station” for sending the alert message, despite the fact that only the federal government can send out EAS alerts. The alert system, “can only be activated by the President in times of emergency,” reports Fox 5.
Americans watching television across the country were puzzled earlier today when an alert from the White House interrupted their viewing, told them to stand by for an emergency message and warned them not to use their phones.
New York Governor Cuomo began yesterday’s Ebola press conference by gently waving his hand at reporters and uttering, “These are not the droids you’re looking for.”
When that didn’t work, he pulled out a pocket watch and let it swing back and forth like a pendulum, slowly repeating “Ebola is hard to catch. Ebola is hard to catch. You are feeling sleepy…”
As anybody with a brain has figured out by now, everything we’re being told about Ebola by government authorities is a distortion, a contradiction or an outright lie. But what are the best lies and contradictions we’ve heard so far?
Here’s the list:
#1) We are wearing space suits just because they make us look cool
There’s absolutely no risk that Dr. Spencer infected anyone in New York City, which is why we are going to closely monitor four people he came into contact with.
Citing multiple real and imagined crises facing the world today, United Nations boss Ban Ki-moon celebrated the 69th anniversary of the dictator-dominated outfit he leads by claiming it is now “needed more than ever.” In a statement, the UN said its festivities would highlight the orgaization’s focus on “education of global citizens.” Rabidly pro-UN President Obama, meanwhile, issued a presidential proclamation celebrating “UN Day,” urging America’s 50 governors and all officials under the U.S. flag to also “observe” the controversial day with “appropriate ceremonies and activities.” Obama and the UN chief both suggested that the would-be global government should be further empowered, too.
“In 1945, in the shadow of a world war and the face of an uncertain future, 51 founding nations joined in common purpose to establish the United Nations and codify its mission to maintain international peace and security, encourage global cooperation, and promote universal respect for human rights,” Obama said in his proclamation, without noting that the UN’s vision of human rights is entirely incompatible with the God-given rights guaranteed to Americans in the U.S. Constitution. “Nearly seven decades later, we once again find ourselves at a pivotal moment in history — a crossroads between conflict and peace, disorder and integration, hatred and dignity — dealing with new challenges that require a united response.”
“As we confront these global problems in an increasingly interconnected world, the United Nations remains as necessary and vital as ever,” Obama continued. “On United Nations Day, we recognize the important role the United Nations continues to play in the international system, and we reaffirm our country’s commitment to work with all nations to build a world that is more just, more peaceful, and more free.” By “nations,” of course, Obama is referring to the collection of governments, dictators, and mass-murderers that make up the UN’s largely totalitarian membership.
“In this spirit of mutual interest and mutual respect, the international community must continue to find common ground in the face of threats to the prosperity and security of all our nations,” Obama added. “On this day, let us resolve to strengthen and renew the United Nations. Let us choose hope over fear, collaboration over division, and humanity over brutality, as we work together to build a tomorrow marked by progress rather than suffering.… By harnessing the power of the United Nations, we can build a more peaceful and more prosperous future for all our children and grandchildren.”
Like Obama, though, UN boss Ban was similarly full of praise for the increasingly power-hungry Leviathan he leads, not-so-subtly calling for the organization to be empowered to control virtually every aspect of human activity. “Poverty, disease, terrorism, discrimination and climate change are exacting a heavy toll,” Ban claimed in his “UN Day” statement, with no reference to the tyranny, death, and horrifying suffering inflicted on humanity by UN member states. “Millions of people continue to suffer deplorable exploitation through bonded labour, human trafficking, sexual slavery or unsafe conditions in factories, fields and mines. The global economy remains an uneven playing field.”
In other words, Ban believes the role of the UN includes everything from setting global labor standards and law enforcement to wealth redistribution and rationing emissions of what scientists call “the gas of life” (CO2, exhaled by every human being) supposedly under the guise of stopping non-existent warming. “The founding of the United Nations was a solemn pledge to the world’s people to end such assaults on human dignity, and lead the way to a better future,” continued Ban, who earlier this year was rallying Third World dictators to create a “New World Order” based on global socialism. “There have been painful setbacks, and there is much work ahead to realize the Charter’s vision. But we can take heart from our achievements.”
In an almost mind-boggling claim, Ban also claimed that the UN had “inspired the most successful anti-poverty campaign ever.” In reality, of course, free markets, economic liberty, and voluntary charity are entirely responsible for reducing and eliminating poverty around the world. Studies show that taxpayer wealth showered on dictators and Third World regimes actually perpetuates poverty and oppression for the masses, while economic freedom lifts everybody out of poverty. That is why, for instance, the United States, Canada, Switzerland, New Zealand, and Hong Kong are among the wealthiest places on Earth, while Cuba, North Korea, Zimbabwe, Venezuela, and various totalitarian-ruled African nations are among the poorest.
“At this critical moment, let us reaffirm our commitment to empowering the marginalized and vulnerable,” Ban continued, perhaps oblivious to the irony. “On United Nations Day, I call on Governments [sic] and individuals to work in common cause for the common good.” The “common good,” of course, has been the rallying cry of tyrants always and everywhere throughout human history. For a brief overview of the UN’s activities toward the “common good” in recent years, check out the “Related Articles” section below this for a tiny sample of news articles on the UN that have appeared in The New American.
But despite all of that, the UN and its establishment backers have much, much bigger plans for the future — and they have had such designs in mind since the UN’s founding. One of the key architects of the UN at its founding conference was John Foster Dulles, who would go on to become U.S. secretary of state. In his 1950 book, War or Peace, Dulles, who also served as a founder of the global governance-promoting Council on Foreign Relations, offered insight into the outfit’s true purpose.
“The United Nations represents not a final stage in the development of world order, but only a primitive stage,” he wrote. “Therefore its primary task is to create the conditions which will make possible a more highly developed organization.” Later on in the book, he noted that he had never seen any proposal with “teeth” in it to create a “world government” or “world federation” that “could not be carried out either by the United Nations or under the United Nations Charter.”
Instead of celebrating UN Day, Americans should redouble their efforts to get the United States out of the UN “dictators club,” and the UN out of the United States. Legislation in Congress right now, HR 75, the American Sovereignty Restoration Act, would do precisely that. In the meantime, the GOP-controlled House of Representatives could stop all U.S. taxpayer funding to the UN and all funding for the implementation of its radical schemes within the United States.
Withdrawing from the UN would save U.S. taxpayers vast sums of money and would deal a massive blow to the plans of those who seek to use the outfit to extinguish the liberty and independence of these United States.
Having been relatively quiet for a while, Russia’s leader Vladimir, speaking in Sochi (following meetings with Middle East crown princes who confirmed Russia as a key partner – “isolated”?), has unleashed his most aggressive statements with regard the failing world order:
*PUTIN SAYS U.S. DOLLAR LOSING TRUST AS RESERVE CURRENCY
*PUTIN: WORLD WITHOUT RULES IS POSSIBILITY; ANARCHY GROWING
Adding that the risk of major conflicts involving major countries is growing, as well as the risk of arms control treaties being violated, Putin exclaimed that the US-led unipolar world is like a dictatorship over other countries and that “US leadership brings no good for others,” and calls for a new global consensus.
The American Dream is slipping further away from the vast majority of Americans than it has in a quarter century. Now 90 percent of US households are poorer than they were in 1987, according to both a new study and the head of the Federal Reserve.
“The new, harsh reality is that the bottom 90 percent of households are poorer today than they were in 1987,” Matt O’Brien wrote in the Washington Post Wonkblog, citing data from a new National Bureau of Economic Research (NBER) paper on U.S. wealth inequality, which he says is based on tax data. “It’s been a lost 25 years for the bottom 90 percent, but a lost 15 for the next 9 percent, too. That’s right: altogether, the bottom 99 percent are worth less today than they were in 1998.”
Federal Reserve Board Chairwoman Janet Yellen delved deeper into the statistics at the Federal Reserve Bank of Boston Economic Conference on Inequality of Economic Opportunity last Friday.
New reporting shows the Obama administration released illegal aliens accused of violent crimes, including murder, despite various officials repeatedly insisting only those with very minor infractions were set free while they waited for deportation or for their cases to be resolved in court, and Rep. Louie Gohmert says it’s time for President Obama to tell the truth and protect Americans.
The congressman is also seething over reports from earlier this week that the administration seems to be preparing to legalize a massive number of people in the U.S. unlawfully. If Obama issues an executive order to grant amnesty to millions of illegals, Gohmert says it’s time for Congress to cut off funds.
Obama administration officials, ranging from former Immigration and Customs Enforcement Director John Morton to former White House Press Secretary Jay Carney, assured lawmakers, reporters and the public that the 2,200 illegal aliens released from detention last year either had no other crimes on their records or the crimes were extremely minor.
On Thursday, USA Today reported records showed the Obama administration released illegal aliens accused of kidnapping, sexual assault, drug trafficking and even homicide.
“It is the first obligation of the federal government to provide for the common defense, and that’s against all enemies foreign and domestic,” Gohmert said. “If everybody in the world loved Americans, we’d be great. If everybody in America loved America, we’d be great. But that’s not the case. We owe the American people better, and this administration and this White House has got to stop lying.”
Did you know that a storm 14 times larger than the Earth is happening on the sun right now? Earlier this week, it unleashed a flare which was a million times more powerful than all of the nuclear weapons in existence combined. Fortunately, that flare was not directed at us. But now the area of the sun where this solar storm is located is rotating toward Earth. An eruption on the sun at just the right time and at just the right angle could result in a society-crippling electromagnetic pulse blasting this planet. So if your computers, cell phones and electronic equipment get fried at some point over the next few weeks, you will know what is probably to blame. Such an electromagnetic pulse has hit our planet before, and as you will read about below, some very prominent voices are warning that it will happen again. It is just a matter of time.
Scientists tell us that the absolutely massive sunspot group that has recently formed on the sun is highly unusual. NASA has described it as “crackling” with magnetic energy. The mainstream media has not been paying too much attention to it, but this sunspot group is potentially extremely dangerous.
The following is an excerpt from an article on Discovery.com that gives some of the technical details about what has been going on…
The sunspot, a dark patch in the sun’s photosphere, represents intense solar magnetism bursting from the sun’s interior known as an active region. This particular active region, designated AR2192, has been rumbling with intense flare activity, recently exploding with 2 X-class flares, causing some short-lived high-frequency (HF) radio black outs around the globe.
Denmark’s central bank to stop producing money … The outsourcing of banknote and coin production will result in 100 million kroner in savings, the bank said. With more and more people paying with credit cards and their smartphones, Denmark’s central bank Nationalbanken says it no longer pays to print banknotes or mint coins. – Denmark, The Local
Dominant Social Theme: Digital money is all that counts.
Free-Market Analysis: It seems these days that every time we identify a new meme, we see a “fast-track” evolution. The “Internet of Money” is no exception.
We wrote about the Internet of Money on October 20, and now in this article in The Local, we see an apparent furtherance of this dominant social theme.
We are told that physical money is becoming less and less important. Now the Danish central bank is going to outsource its printing and save millions.
The Social Security Administration has just released wage statistics for 2013, and the numbers are startling. Last year, 50 percent of all American workers made less than $28,031, and 39 percent of all American workers made less than $20,000. If you worked a full-time job at $10 an hour all year long with two weeks off, you would make $20,000. So the fact that 39 percent of all workers made less than that amount is rather telling. This is more evidence of the declining quality of the jobs in this country. In many homes in America today, both parents are working multiple jobs in a desperate attempt to make ends meet. Our paychecks are stagnant while the cost of living just continues to soar. And the jobs that are being added to the economy pay a lot less than the jobs lost in the last recession. In fact, it has been estimated that the jobs that have been created since the last recession pay an average of 23 percent less than the jobs that were lost. We are witnessing the slow-motion destruction of the middle class, and very few of our leaders seem to care.
The “average” yearly wage in America last year was just $43,041. But after accounting for inflation, that was actually worse than the year before…
American paychecks shrank last year, just-released data show, further eroding the public’s purchasing power, which is so vital to economic growth.
Average pay for 2013 was $43,041 — down $79 from the previous year when measured in 2013 dollars. Worse, average pay fell $508 below the 2007 level, my analysis of the new Social Security Administration data shows.