Bloomberg: Bitcoin Really Is an Existential Threat to the Modern Liberal State
So far, Bitcoin is not a big deal. Its total value in circulation was $1.4 billion as of this week. That’s equivalent to the currency stock of a small nation — somewhere between Iceland and Uruguay — and just one-thousandth of the total value of U.S. dollars in circulation. The volume of transactions in Bitcoin is growing only slowly, relative to the massive increase in demand for the currency: This discrepancy is strong evidence that Bitcoin’s rise is a speculative bubble.
Nonetheless, Bitcoin raises some interesting questions. One is whether it might undermine the modern state — which, for many of its libertarian-anarchist advocates, is the whole idea.
- Evan Soltas for Bloomberg
Poor Richard's News: Obama admin to allow all spy agencies access to Americans' private financial information
Like so many unconstitutional violations of the 4th Amendment, this is another that President Obama is presenting under the guise of “preventing terrorism.” Under a new administration directive, every spy agency will have access to Americans’ private financial information.
from Reuters:
The Obama administration is drawing up plans to give all U.S. spy agencies full access to a massive database that contains financial data on American citizens and others who bank in the country, according to a Treasury Department document seen by Reuters.
The proposed plan represents a major step by U.S. intelligence agencies to spot and track down terrorist networks and crime syndicates by bringing together financial databanks, criminal records and military intelligence. The plan, which legal experts say is permissible under U.S. law, is nonetheless likely to trigger intense criticism from privacy advocates.
Financial institutions that operate in the United States are required by law to file reports of “suspicious customer activity,” such as large money transfers or unusually structured bank accounts, to Treasury’s Financial Crimes Enforcement Network (FinCEN).
The Federal Bureau of Investigation already has full access to the database. However, intelligence agencies, such as the Central Intelligence Agency and the National Security Agency, currently have to make case-by-case requests for information to FinCEN.
The Treasury plan would give spy agencies the ability to analyze more raw financial data than they have ever had before, helping them look for patterns that could reveal attack plots or criminal schemes.
Big brother is watching you…and your bank account.
EUSSR Controlled Bureaucrats Run Britain
‘The constitutional rule used to be clear: civil servants advise, but ministers decide. However, according to astonishing remarks made by former prime ministerial aide Steve Hilton, the reverse now appears to be true.
If it is correct that the first the Prime Minister knows about many of the policy decisions made in his Government’s name is when he hears about them on the news, it is profoundly shocking. This not only signals the triumph of bureaucracy, but also the defeat of democracy.
Mr Hilton stated that No 10 is frequently left out of the loop as important policy decisions are pushed through by ‘paper-shuffling mandarins’.’
Maryland Cops Giving $1 To Drivers With Seatbelts {insert suspicious brow}
I think there exists the potential that this is a minor stop-and-peek kind of tactic. Basically, they want you to stop, open your window, say something to them, and take the dollar. Anyone who drives through there who refuses the dollar, refuses to open their window, may just look suspicious. I would stay away from there.
It looks a little suspicious. I mean… c’mon, are you that blind? A bank and a police department wants to give out money at an intersection? LoL. I don’t think you have to be a conspiracy theorist to see that they’re using money as bait. You can bet the people will line up.
If I was going to go through there, I would put a sticker on the back of my car that says “Your (money laundering) bank still sucks and so do the police departments it pays for”.
Bank of America To Charge Customers Fees Unless They Buy More Products, Have Enough Money
oh America…what a great nation we live in…how’s that capitalism thing working for you..
Reports the Week via Yahoo News:
The banking giant is attracting criticism once again, with a plan to make checking accounts a whole lot more expensive Bank of America is working on “sweeping changes” that would levy new fees on customers with checking accounts, The Wall Street Journal reports. Proposed fees, ranging from $6 to $25 a month, could only be waived if customers meet certain requirements that favor the bank — by keeping a minimum balance, taking out a mortgage, or switching to online banking. The report comes months after Bank of America withdrew a proposed $5 monthly fee for using debit cards, after suffering a backlash from customers and lawmakers alike. Unsurprisingly, the new fee plan is already being slammed: Sen. Richard Durbin (D-Ill.) calls it “a challenge that cannot go unanswered.” Is the bank’s scheme outrageous?
Of course. Banks are extorting customers: It’s bad enough that BofA tried to instate the $5 fee for debit card users, says Hamilton Nolan at Gawker. But the new fees — driven by the struggling bank’s “insatiable need for sweet, sweet money” — are even “sneakier.” And BofA is neglecting an age-old principle of finance: Banks use customer deposits to make loans to others, which in turn results in profits for the banks. It’s “ridiculous” to charge customers for providing banks with the capital that is essential to their business.
But banks have a right to turn a profit: “Banks aren’t charities,” says Pallavi Gogoi for the Associated Press. They are “public companies and are expected to make a profit somehow.” Making money is “not as easy as it used to be.” With the Fed encouraging ultra-low interest rates, banks are seeing their traditional profit source dry up. New government regulations have curbed other banking fees, and banks are scrambling to make up for the loss of revenue …
Read More: The Week via Yahoo News
“The Federal Reserve is responsible for the boom-bust cycles. It’s responsible for price inflation, recession, depression, and excessive debt. Although the central bank can get away with mismanagement of the economy for long periods of time, its policies are always destructive. Unchecked, the policies of a central bank lead to financial chaos, an example of which we are now experiencing.” - Ron Paul
(via darrellfalconburg)
Fed Secretly Bailing Out Europe. Oh no surprise there. Is anyone surprised? Time to tear up all central banks of the world. They are no different then the Mob.
Fuck You.
THE TEN MEMBER BANKS OF THE FEDERAL RESERVE
Rothschild Bank of LondonWarburg Bank of Hamburg
Chase Manhattan Bank of New York
Rothschild Bank of Berlin
Lehman Brothers of New York
Lazard Brothers of Paris
Israel Moses Seif Banks of Italy
Goldman, Sachs of New York
Warburg Bank of Amsterdam
All owned by the Rothschilds
Activists of the Occupy Frankfurt movement sit around a fire near the Euro sculpture in front of the European Central Bank (via Telegraph)
The European Central Bank President Mario Draghi arrives for his first news conference (via Reuters.com)
Source:
Rise And Fall Of The Euro
Uploaded by PigMine3 on Sep 16, 2011
From: http://www.cnn.com/video/standard/index.html
September 16, 2011 - CNN’s Richard Quest looks back at the launch of the euro and how it was received.
Secret Federal Reserve Location Revealed
Uploaded by lonelantern on Jul 6, 2011
http://RTR.org | Just released today, the SECRET LOCATION of a New Federal Reserve Property. In a densely wooded area in Richmond Virgina lies the heavily guarded office building. According to a report, “Information about the function and location of the property are classified by the Federal Reserve System, and employees are prohibited from discussing the site with anyone outside the organization.”
The facility is known as the Federal Reserve West Creek Operations Center. So why the veil of secrecy?
The report, issued by the government transparency advocates at Cryptome.org states, “There is no reference to the Federal Reserve on the property. At the entrance is a black sign with white letters that reads “West Creek Operations Center.” Security gates, hydraulic vehicle barriers, and guards with loaded weapons control access to the parking lot. A meticulously maintained and patrolled perimeter fence encloses the property.”
The 200,000 square foot facility, located 12560 West Creek Parkway in Richmond was purchased by the Federal Reserve Bank of Richmond in 2004 from the Heilig-Meyers Furniture Co.
At this classified location is where the Federal Reserve Information Technology employees are housed. One can only assume with all the hacking of government facilities this would be a prime target for groups like antisec and anonymous.
Add this location to your list of Federal Reserve locations next time you decide to plan a rally for sound money.
- Who Owns the Federal Reserve System !!! (2012patriot.wordpress.com)
- Federal Reserve “Map Your Community” Widget Now Available for You to Embed on Your Website (policymap.com)
- Anonymous Launches Class-Action Suit Against Fed. Reserve (snakesan.wordpress.com)
