Expect Desperate and Insane Behavior From Government in 2018 – Part 3 (War)

If you want to ban Bitcoin because of money laundering, crime and violence, we should really ban government first.
— Michael Krieger (@LibertyBlitz) December 6, 2017

In the first two installments of this series, I discussed the potential for the U. S. federal government to make some spectacularly foolish moves against its own people in the realms of cannabis and Bitcoin. My basic assumption is that government tends to despise freedom, and that ‘leaders’ of an empire in decline like the U. S. are particularly vulnerable to very bad decisions.
Government propagandists constantly instruct the public that they need to be fearful of their neighbors or some guy in a cave overseas (who they probably funded in the first place), when they themselves tend to be the most unethical, corrupt thieves of all. It’s a very clever scam.
With that in mind, today’s post will zero in on what I consider to be the greatest threat to world peace going into 2018. While I remain unsure as to what the U. S. government may attempt when it comes to cannabis and Bitcoin, I’m far more concerned about the prospects of Donald Trump entangling this nation in an escalating and increasingly disastrous conflict in the Middle East. The signs are everywhere, and it’s all becoming very obvious. In fact, I’ve probably written more articles on this topic than any other in 2017.

This post was published at Liberty Blitzkrieg on Dec 7, 2017.

Expect Desperate and Insane Behavior From Government in 2018 – Part 2 (Bitcoin)

The smartest people on earth are dedicating their lives to Bitcoin and other crypto assets.
You want to bet against that?
— Michael Krieger (@LibertyBlitz) December 1, 2017

The financial crisis of 2008/09 was the most significant event to happen in my lifetime. That event, coupled with the deeply unethical and corrupt response to it, led to a direct delegitimization of governments and institutions worldwide. It’s precisely this self-inflicted destruction of credibility which opened up the window for the birthing of a new monetary and financial system in the wake of Bitcoin’s emergence in early 2009.
Bitcoin is a system designed to be everything the status quo isn’t. Decentralized, transparent, permissionless, with a well-defined and restricted monetary supply curve. Given the backdrop upon which it emerged, it’s unsurprising that as more time passes, the more popular it becomes.
Humanity is desperate for a major reboot and an entirely different way of doing things. Bitcoin and other crypto assets offer exactly that opportunity in the realm of finance and money, thus capturing the imagination of millions of the most brilliant and passionate people across the world. Since the status quo stubbornly refused to reform and change the system after the financial crisis, humanity had no choice but to take charge and do it independently at the grassroots level.
One thing that’s become increasingly clear to me as I’ve added years and experiences to my life, is that governments, generally speaking, hate freedom. It’s why something as beneficial and benign as cannabis remains illegal throughout the world, and why people like Jeff Sessions still want to criminalize it even in states where the actual people living there voted to make it legal (see Part 1 of this series). While the fairytale we’re conditioned to believe tells us government exists to protect us and create an environment in which humans can thrive, the reality is quite clearly the opposite. The crooked response to the financial crisis demonstrated this in spades to anyone paying even the slightest amount of attention.

This post was published at Liberty Blitzkrieg on Dec 4, 2017.

Expect Desperate and Insane Behavior From Government in 2018 – Part 1

The clowns in D. C. have no conception of how fragile this nation is right now.
One more gigantic policy disaster and the whole thing could fall apart.
— Michael Krieger (@LibertyBlitz) November 30, 2017

I heartily accept the motto, ‘That government is best which governs least’; and I should like to see it acted up to more rapidly and systematically. Carried out, it finally amounts to this, which also I believe – ‘That government is best which governs not at all’; and when men are prepared for it, that will be the kind of government which they will have.
– Henry David Thoreau, Civil Disobedience
As we head into 2018, I believe governments around the world will become increasingly insecure about their positions of power and control, which will result in increased paranoia about whether or not they have the consent of the governed.
Being a global empire in decline, the U. S. power structure has the most to lose, making it particularly vulnerable to such panic. I suspect forces within the U. S. government are likely to engage in various attempts to reestablish authority via desperate and authoritarian moves as 2018 unfolds. I don’t say this to spread fear; rather, I think such moves will result in considerable pushback from the population at large, particularly from younger generations who are intimately aware of how spectacularity the status quo has failed them. Panic and desperation from those in control shouldn’t be feared, it should be expected and contemplated ahead of time. That’s why I’m writing this series. I want as many people as possible to start thinking about this now so we aren’t caught off guard.
The areas I’ll be diving into with these pieces consist of cannabis, Bitcoin and war against Iran. I’m sure there are plenty of other areas government will target in its last ditch effort to exert control over a populace sick and tired of these busybody, corrupt authoritarians, but these are issues I follow closely and have a certain degree of familiarity with. As such, they’ll be the focus of this series.

This post was published at Liberty Blitzkrieg on Dec 1, 2017.

Bitcoin, Terence McKenna and the Future of the Internet

We have millions of people who are warehoused in almost a larval state in their apartments, watching tv, paying for their medical plans, and glued to this mindless opera of cultural decay that’s recited day after day in front of them. I mean, it’s horrible to imagine – and this is a creation to some degree of the world corporate state, that probably has to be addressed.
– Terence McKenna, The Internet is the Cure for TV (1994)
I know the title of this post seems strange in light of several factors. First, it’s been nearly twenty years since the dot-com bubble burst and it’s estimated that 3-4 billion people globally, or roughly 50% of the world’s population, already surf the web. Second, it’s become increasingly trendy in 2017 to highlight all the bad things about the internet, with social media typically singled out for the most intense and visceral criticism. Although I acknowledge some very real downsides of social media such as unhealthy obsession and addiction, most of the outrage we’ve seen this year has been focused on ‘fake news’ and ‘Russia meddling.’ In other words, most of the hysteria’s been political in nature, and would barely be registering anywhere near its current decibel level had Hillary Clinton won the election.
All of a sudden, there’s this insistence that social media is especially dangerous because it fosters the creation of echo chambers rife with tribal confirmation bias. Spaces where people with the same views simply talk to one another, and whoever’s willing to be the loudest and most aggressive at signaling to their tribe becomes the most popular. I don’t deny that this phenomenon exists, but like with anything else, you have to accept the bad with the good, and in the long-run the good far outweighs the bad. The main reason so many are having a panic attack right now is because the internet and social media allowed the public to talk to one another directly without being force-fed corporate media narratives and they decided to reject the chosen one, Hillary Clinton.

This post was published at Liberty Blitzkrieg on Wednesday Nov 29, 2017.

Interview With Andy Hoffman – Bitcoin, Crypto Assets and Decentralization

As most of you surely know by now, I believe a positive future for humanity requires a total displacement of the current centralized, authoritarian, and hierarchal paradigm. I believe decentralized, peer-to-peer, trustless systems will play an instrumental role in bringing about a much more free, honest and transparent system that will lead to immense human progress.


This post was published at Liberty Blitzkrieg on Friday Nov 24, 2017.

The Generational Wheels Are Turning

Charles Manson's death, like the sale of @RollingStone, is one more sign of the end of Baby Boom America (finally!) pic.twitter.com/DKlxE0PI3a
— reason (@reason) November 20, 2017

‘The electric light did not come from the continuous improvement of candles.’
– Oren Harari
If you only read my stuff sporadically, you might be surprised to hear that I’m actually quite optimistic about the future. The main reason I compose articles highlighting all the frauds, corruption and absence of ethics within our current paradigm isn’t to fill you with fear and dread, but to create awareness. Ignorance is not bliss, and I believe a deep appreciation about how completely broken and opaque the current way of doing things is can provide the spark of inspiration and determination necessary to create a new and much better world
As I’ve stated many times previously, it wasn’t until Bitcoin emerged and I started to understand the implications of it, that I became very encouraged about the future. Prior to that, I saw humanity living under a terminal, predatory system that would eventually consume itself, but I couldn’t see a plausible roadmap toward a better tomorrow. Bitcoin proved to me that not only did such a path exist, but the infrastructure for this better future was being built right in front of our eyes.
I first started writing about the revolutionary implications of Bitcoin in the summer of 2012, and looking back five years later I’m filled with an overwhelming sense of awe and appreciation for all that’s been achieved. While the optimist in me always thought we might get to where we are today, to see it actually happen is nothing short of extraordinary. The incredible energy and global talent that’s entered this space over the past several years brings a gigantic smile to my face. It truly is an idea whose time has come, and the more the concepts of decentralization and trustless systems infect the global consciousness, the more unstoppable they become. I think we’re already there.

This post was published at Liberty Blitzkrieg on Nov 21, 2017.

We Live in Revolutionary Times

The most recent, and perhaps most important, network challenge to hierarchy comes with the advent of virtual currencies and payment systems like Bitcoin. Since ancient times, states have reaped considerable benefits from monopolizing or at least regulating the money created within their borders. It remains to be seen how big a challenge Bitcoin poses to the system of national fiat currencies that has evolved since the 1970s and, in particular, how big a challenge it poses to the ‘exorbitant privilege’ enjoyed by the United States as the issuer of the world’s dominant reserve (and transaction) currency. But it would be unwise to assume, as some do, that it poses no challenge at all.
Clashes between hierarchies and networks are not new in history; on the contrary, there is a sense in which they are history. Indeed, the course of history can be thought of as the net result of human interactions along four axes.
The first of these is time. The arrow of time can move in only one direction, even if we have become increasingly sophisticated in our conceptualization and measurement of its flight. The second isnature: Nature means in this context the material or environmental constraints over which we still have little control, notably the laws of physics, the geography and geology of the planet, its climate and weather, the incidence of disease, our own evolution as a species, our fertility, and the bell curves of our abilities as individuals in a series of normal distributions. The third is networks. Networks are the spontaneously self-organizing, horizontal structures we form, beginning with knowledge and the various ‘memes’ and representations we use to communicate it. These include the patterns of migration and miscegenation that have distributed our species and its DNA across the world’s surface; the markets through which we exchange goods and services; the clubs we form, as well as the myriad cults, movements, and crazes we periodically produce with minimal premeditation and leadership. And the fourth is hierarchies, vertical organizations characterized by centralized and top-down command, control, and communication. These begin with family-based clans and tribes, out of which or against which more complex hierarchical institutions evolved. They include, too, tightly regulated urban polities reliant on commerce or bigger, mostly monarchical, states based on agriculture; the centrally run cults often referred to as churches; the armies and bureaucracies within states; the autonomous corporations that, from the early modern period, sought to exploit economies of scope and scale by internalizing certain market transactions; academic corporations like universities; political parties; and the supersized transnational states that used to be called empires…

This post was published at Liberty Blitzkrieg on Michael Krieger | Posted Tuesday Oct 31, 2017.

If You Want to Understand the Next 10 Years, Study Spain

Some of you may be confused as to why a U. S. citizen living in Colorado has become so completely obsessed with what’s going on in Spain. Bear with me, there’s a method to my madness.
I believe what’s currently happening in Spain represents a crucial microcosm for what we’ll see sweep across the entire planet over the next ten years. Some of you will want to have a discussion about who’s right and who’s wrong in this particular affair, but that’s besides the point. It doesn’t matter which side you favor, what matters is that Madrid/Catalonia is an example of the forces of centralization duking it out with forces of decentralization.
Madrid represents the nation-state as we know it, with its leaders claiming Spain is forever indivisible according to the constitution. Madrid has essentially proclaimed there’s no possible avenue to independence from a centralized Spain even if various regions decide in large number they wish to be independent. This sort of attitude will be seen as unacceptable and primitive by increasingly large numbers of humans in the years ahead. Catalonia should be seen as a canary in the coal mine. The forces of decentralization are rising, but entrenched centralized institutions and the bureaucrats running them will become increasingly terrified, panicked and oppressive.
As I’ve discussed, this isn’t coming out of nowhere. Humanity’s current established centralized institutions and nation-states have become clownishly corrupt, merely existing to protect and enrich the powerful/connected as opposed to benefiting the population at large. As such, legitimacy has been shattered and people have begun to demand a new way. Whether we see this with the rising popularity of Bitcoin, or the UK decision to leave the EU, evidence is everywhere and we’ve already passed the point of no return. This is precisely why EU leaders are rallying around Madrid. They’re scared to death and fear they might be next. They’re probably right.

This post was published at Liberty Blitzkrieg on Oct 23, 2017.

Assange Thanks US Govt For His 50,000% Gain On Bitcoin As Russia Unveils ‘CryptoRuble’

My deepest thanks to the US government, Senator McCain and Senator Lieberman for pushing Visa, MasterCard, Payal, AmEx, Mooneybookers, et al, into erecting an illegal banking blockade against @WikiLeaks starting in 2010. It caused us to invest in Bitcoin — with > 50000% return. pic.twitter.com/9i8D69yxLC
— Julian Assange (@JulianAssange) October 14, 2017

Once again the unintended consequences of government intervention are exposed…
In 2010 – following the release of sensitive government documents related to wars in Afghanistan and Iraq – John McCain and Joe Lieberman led a bipartisan attempt to cut off WikiLeaks funding by forcing ‘traditional’ payment systems to block them.
7 years later and the price of Bitcoin has… risen…50,000%!
And Julian Assange chose yesterday to thank the US government and its corporatocracy for his forced investment…

This post was published at Zero Hedge on Oct 15, 2017.

Russia Unveils ‘CryptoRuble’ As Assange Thanks US Govt For His 50,000% Gain On Bitcoin

Once again the unintended consequences of government intervention are exposed…
In 2010 – following the release of sensitive government documents related to wars in Afghanistan and Iraq – John McCain and Joe Lieberman led a bipartisan attempt to cut off WikiLeaks funding by forcing ‘traditional’ payment systems to block them.
***
7 years later and the price of Bitcoin has… risen…50,000%!

This post was published at Zero Hedge on Oct 15, 2017.

HODLing Bitcoin From One Natural Disaster To The Next

Those who follow me on Facebook know that I reported live this week from Hurricane Max in Acapulco, which luckily just missed our area, as opposed to four years ago today where a tropical storm wiped out some local towns and our anarchist rescue team helped in the recovery.
I then arrived yesterday in Mexico City just in time to live stream the 7.1 earthquake that hit the area. (*Note: I spent the evening with Jose Rodriguez of Bitso.com who had been helping the recovery all day and has started a fundraiser to help people in Mexico City HERE.)
Damage at the airport wasn’t bad but most flights were cancelled and I ended up scouring the airport like a vagrant for hours looking for my bag and then searching the entire city for the one remaining hotel room… which the damned price gougers had at $2,000 US for the night… albeit it was the Presidential Suite at the St. Regis. Thank you, by the way, price gougers.
As I write now I am finally on my connecting flight through to Houston, then Denver, then Aspen for the Nexus conference.

This post was published at Dollar Vigilante on September 20, 2017.

Which is Fraudulent – Bitcoin or JP Morgan?

I’m really grateful JP Morgan CEO Jamie Dimon decided to once again lash out in anger at Bitcoin, as it provides us with ample opportunity to highlight a practice very near and dear to how the bank operates. Fraud.
The way the news cycle works, any topic that isn’t already at the forefront of enough people’s minds will be largely ignored irrespective of its importance. The fact that Jamie Dimon ironically called Bitcoin a fraud, allows us to ask highlight some very important facts about the seemingly systemic fraud inherent in America’s largest bank, JP Morgan.
First, let’s take a quick look at some of what Mr. Dimon said. Courtesy of the financial plutocrat network, CNBC:
Jamie Dimon has not changed his mind about bitcoin.
Mr. Dimon, the long-time CEO at J. P. Morgan Chase, continued his well-documented criticism of the digital currency bitcoin. Speaking at the Barclays financial services conference on Tuesday, Mr. Dimon was asked whether his bank had a trader who traded bitcoin.
His response? ‘If we had a trader who traded bitcoin, I’d fire them in a second,’ he said. ‘It’s against our rules’ and any trader that deals in them is ‘stupid.’

This post was published at Liberty Blitzkrieg on Sep 13, 2017.

Crackdown Begins: Chinese Banks Are Suspending North Korean Transactions

In what may be a major breakthrough in the diplomatic and political stalemate over North Korea if confirmed officially, Japan’s Kyodo newspaper reported overnight that Chinese state banks have started suspending transactions through accounts held by North Koreans, making it nearly impossible to do business between the two countries. Furthermore, Kyodo News has confirmed that branch offices of at least three major state banks – the Bank of China, China Construction Bank and Agricultural Bank of China – in the northeastern border city of Yanji have also banned North Koreans from opening accounts.
The Chinese banks have yet to freeze the accounts, meaning that North Koreans can still withdraw money from them – similar to bitcoins held in Chinese exchanges – but they are now prevented from making deposits or remittances, according to the sources quoted by Kyodo.
“This is being influenced by international sanctions against North Korea,” an employee of one bank said.
The bank restrictions, which the sources said from April were also starting to be put in force in Liaoning Province – the main region of trade between China and North Korea – suggest that China may have become more serious about curbing its nuclear ambitions, something we hinted at last week in “It Looks Like North Korea Is No Longer Playing To The Chinese Script“. The restrictions also appear to be intended to help major Chinese banks avoid being hit by sanctions imposed by the United States and other countries.

This post was published at Zero Hedge on Sep 11, 2017.

The 1% Has Started to Embrace Bitcoin – Why It Matters

Other than widespread fascination over its meteoric price rise, much of the discussion around Bitcoin in 2017 has revolved around questions over the future direction of the protocol, most specifically the highly charged scaling debate and the implementation of SegWit. With the forthcoming fight over the 2x part of SegWit2x, the blocksize issue remains unsettled and the community will stay firmly focused on this over the coming months, as it should.
While I have my own opinions on the subject (I’m against forcing a blocksize increase just because some companies agreed to it), I don’t spend enough time on Bitcoin to consider myself any sort of authority on the matter. Therefore, I pretty much keep my mouth shut and let people who spend all their time on the topic have at it. Nevertheless, when I feel I have something to add to the Bitcoin conversation I certainly don’t shy away, which is what inspired today’s post.
A headline that caught my attention yesterday was the following published by CNBC: Real Estate Project in Dubai to be the ‘First Major Development Where You Can Purchase in Bitcoin.’ Upon reading the article, it appears the move is in large part a marketing gimmick (a smart one), but I don’t think it’s just that. I believe those involved in the development genuinely find Bitcoin interesting and want to support it, which is consistent with a significant conclusion I’ve arrived at based on many other data points.

This post was published at Liberty Blitzkrieg on Sep 7, 2017.

The Scaling Debate and Hard Fork Highlight Several Key Differences Between Bitcoin and Gold

You know stuff’s going down when I write two posts in a row about Bitcoin, something which almost never happens anymore. In Friday’s piece, Is the Bitcoin Civil War Over? Here’s How I’m Thinking About Bitcoin Cash, I discussed a potential strategy that ‘big blockers’ might attempt to execute should the 2x part of Segwit2x not happen later this year. Today, I want to discuss how the entire episode has actually served to highlight one of Bitcoin’s (and cryptos in general) huge competitive advantages in the realm of monetary-type assets, but also examine why gold is still important.
There’s been a lot of FUD written at length about the whole scaling debate, in addition to the fair observation that network splits cause confusion and can be bad for the Bitcoin ‘brand.’ As I mentioned in Friday’s piece, I don’t see this being the case with Bitcoin Cash (BCC), since I don’t think there will be any real debate about which one is Bitcoin and which is an alt-coin. Interestingly enough, although the nastiness of the scaling debate has left a bad taste in a lot of people’s mouths, it’s also highlighted one of Bitcoin’s greatest strengths.
Earlier today I came across a tweet from an account I had never seen before, but it was simply genius in its poignant simplicity.

This post was published at Liberty Blitzkrieg on Jul 31, 2017.