Post: #1

If this doesn't make you want to buy bitcoins and gold not sure what will.

Post: #2

(03-12-2014 02:55 PM)JJ Roberts Wrote:  If this doesn't make you want to buy bitcoins and gold not sure what will.

not to be a dick, but could you at least inform us on the topic of the video? besides gold and silver? what's so special about it that makes it a "scam"?

Post: #3

(03-12-2014 05:54 PM)Wreckingball Wrote:  not to be a dick, but could you at least inform us on the topic of the video? besides gold and silver? what's so special about it that makes it a "scam"?

The video doesnt really cover gold and silver so much.

Its basically about how the current financial system is basically rigged in such a way that systemically flawed and not only enslaves people but gets people to actually pay for their own slavery.

Government and banks stealing from people in such a way that it is sufficiently obfuscated to be unnoticeable by most people who, as a result, think that they are free.

Post: #4

(03-12-2014 06:24 PM)JJ Roberts Wrote:  

(03-12-2014 05:54 PM)Wreckingball Wrote:  not to be a dick, but could you at least inform us on the topic of the video? besides gold and silver? what's so special about it that makes it a "scam"?

The video doesnt really cover gold and silver so much.

Its basically about how the current financial system is basically rigged in such a way that systemically flawed and not only enslaves people but gets people to actually pay for their own slavery.

Government and banks stealing from people in such a way that it is sufficiently obfuscated to be unnoticeable by most people who, as a result, think that they are free.

It is indeed a scam.

It's a scam on the same level that large governments and national borders are a scam. Concepts that many aboriginal societies wouldn't understand.

We're all playing along and complicit with the scam. By using your computer, you're playing along. The question is, what are you going to do about it?

Can you explain how gold and/or bitcoins are a way out?

Post: #5

(03-12-2014 06:32 PM)thedude3737 Wrote:  Can you explain how gold and/or bitcoins are a way out?

Did you watch the video?

It's quite clear that the way it is set up, modern society is nothing but a pyramid.

I don't mean pyramid as in pyramid scheme. I mean try to image a pyramid shape with all value being hoovered up to the tiny fraction of people who are able to occupy the summit of the pyramid.

The tiny fraction of people who are able to occupy the summit of the pyramid are basically the power elite in gov and banking.

Banks privatise all their gains and socialise all their losses. Heads they win, tails you lose.

Solution? Walk away from the pyramid.

That involves using what are called X currencies.

All currencies that are not issued by govt's start with the ISO symbol X.

Gold is XAU for example and bitcoin is XBC.

Get the idea?

Post: #6

If a country made Bitcoin their official currency I wonder what would happen?

Presuambly it would mean that investing in BitCoins would be the same as investing in their country?

Would be interesting to see what happens if a country like North Korea decide to pull a trick like that.

Post: #7

(03-12-2014 07:01 PM)cardguy Wrote:  If a country made Bitcoin their official currency I wonder what would happen?

Probably something similar to what happened when Peru decided to do away with their own currency and dollarise their economy.

http://mpra.ub.uni-muenchen.de/35530/

Post: #8

I don't know the context, but I've head that John Kenneth Galbraith was quoted as saying " In the long run, we are all dead."

I'm not sure I'm smarter than guys who studied economics for years, have years of work experience at the controls, and do nothing all day but try to keep the mall parking lots full.

I'm not sure watching a 20 minute conspiracy video qualifies me to offer massive revision suggestions to the running of something the size and complexity of the USA economy.

Post: #9

All of life is a pyramid. Thinking that you can "opt out" is silly.

Post: #10

(03-12-2014 08:36 PM)Peregrine Wrote:  All of life is a pyramid. Thinking that you can "opt out" is silly.

I didn't say opt out.

I said walk away from this particular pyramid.

Post: #11

I don't understand the pyramid argument. All societies have a hierarchy where it's better to be on the top than the bottom. The top of the pyramid today has a lot more wealth than ever before, but the power differential is much smaller than almost any other time before.

Think about the difference between being born a nobleman in the Roman Empire vs being born a slave. Even the poorest person born in America has a certain guaranteed level of human rights and dignity and a chance at something better.

Post: #12

(03-12-2014 09:26 PM)JJ Roberts Wrote:  

(03-12-2014 08:36 PM)Peregrine Wrote:  All of life is a pyramid. Thinking that you can "opt out" is silly.

I didn't say opt out.

I said walk away from this particular pyramid.

What's the difference?

Post: #13

(03-12-2014 09:46 PM)Peregrine Wrote:  

(03-12-2014 09:26 PM)JJ Roberts Wrote:  

(03-12-2014 08:36 PM)Peregrine Wrote:  All of life is a pyramid. Thinking that you can "opt out" is silly.

I didn't say opt out.

I said walk away from this particular pyramid.

What's the difference?

Dont subscribe to a system that is designed to screw you over. Simple.

Post: #14

We should be asking ourselves how the hell do we start a bank?

Post: #15

(03-12-2014 10:22 PM)NFallin Wrote:  We should be asking ourselves how the hell do we start a bank?

Bitcoin is like having bank in your pocket.

Post: #16

(03-12-2014 09:40 PM)j r Wrote:  I don't understand the pyramid argument.

The need for the central authority for money has gone away.

The implications for that are staggering beyond comprehension (in a good way).

(03-12-2014 09:40 PM)j r Wrote:  All societies have a hierarchy where it's better to be on the top than the bottom.

Not true. Most societies for most of human history have been egalitarian.

(03-12-2014 09:40 PM)j r Wrote:  The top of the pyramid today has a lot more wealth than ever before, but the power differential is much smaller than almost any other time before.

The power differential is far higher now than it has ever been before in the US in particular. The fact that you actually think the opposite is quite staggering.

Edit : I just checked. US has the fastest widening gap between the the rich and the poor in the entire developed world.

Globally the wealth of the top 1 percent is equivalent to the wealth of the poorest 3,500,000,000 people (half the planet).

Post: #17

http://www.youtube.com/watch?v=jqvKjsIxT_8

This video was posted a couple months ago, can't remember the poster though. Maybe cardguy?

The only real way for the average person to 'opt out' is by not borrowing money, living frugally and hiding some of your income from the taxman.

Post: #18

(03-12-2014 10:44 PM)big poppa Wrote:  http://www.youtube.com/watch?v=jqvKjsIxT_8

This video was posted a couple months ago, can't remember the poster though. Maybe cardguy?

The only real way for the average person to 'opt out' is by not borrowing money, living frugally and hiding some of your income from the taxman.

Not really you just have to become self-sovereign.

There are lots of resources on how to do that if you google it.

Post: #19

(03-12-2014 08:36 PM)Peregrine Wrote:  All of life is a pyramid. Thinking that you can "opt out" is silly.

On the contrary.

We are facing a simple choice.

Technology-driven decentralised networks vs. bureaucratically driven hierarchies (pyramids).

This vid explains it far better than I could.

Post: #20

That video in the OP is either misinformed or outright lying about at least a few things.

Most of the confusion around the ownership of the Fed comes from the fact that it's really a consortium of 12 private institutions. The shareholders of the 12 district Feds are by law the member banks that deposit money at the district Fed. In fact they are required to subscribe to fed stock at a rate of 6% of their capitalization and total surplus. That 6% 'ownership' then pays a dividend of 6% back to the member banks. The shares are non-voting and valued at $100/share.

Who the member banks are is also pretty public... it's every state chartered bank in the district.

The video also fails to mention that the Fed pays the Treasury the interest it earns on reserves (less expenses). The balance between reserves and bonds is how the Fed puts money in AND takes it out of our money supply.

It's all described in their financial statements which are online:
http://www.federalreserve.gov/monetarypo...mt2011.pdf

The Fed may or may not be a scam but the makers of that video are certainly trying to pull one.

Post: #21

(03-12-2014 10:14 PM)JJ Roberts Wrote:  

(03-12-2014 09:46 PM)Peregrine Wrote:  

(03-12-2014 09:26 PM)JJ Roberts Wrote:  

(03-12-2014 08:36 PM)Peregrine Wrote:  All of life is a pyramid. Thinking that you can "opt out" is silly.

I didn't say opt out.

I said walk away from this particular pyramid.

What's the difference?

Dont subscribe to a system that is designed to screw you over. Simple.

I understand your point. We are in a pyramid. Ever been in a position of power? Ever get paid more than what you're worth? Ever run a scam?

I have. There's nothing in me that wants to give any of that away for the sake of goodwill, and it makes me want more.

That's called human nature, and it doesn't matter if you live in a financial system where goods and services are exchanged for fiat currency, or gold, or bitcoins.

The cream rises to the top. Once it gets to the top, it generally stays there. You can't just walk away from it and say, "Screw it, I'm going to make my own." That's like a child telling his parents he's tired of their rules and he's going outside to build a treehouse. It's cute, and god bless the little boy, but that's just not how the world works.

Banking is but one small arm of the grand control scheme. Can you buy groceries with bitcoin or gold? Didn't think so, and I don't see it happening in our lifetime. If someone proves me wrong, great, I actually hope someone does.

There are families and organizations that have been in power for centuries. They control resources that you cannot possibly fathom. To think that you can simply opt out of the structure that they have built is laughable.

Actually, it's not, but it's called jumping off the grid and living in a hippie commune or giving it all up and living with some tribe in the Amazon. I'm dead serious about that. Simply switching to executing transactions in gold and Bitcoin isn't going to change a damn thing. Try an experiment: How long can you get by without using cash, writing a check, or using a debit/credit card? How invested in the Establishment are you? Are you actually able to walk away? I didn't think so. Anyone thinking they'll be able to live their entire lives without being a part of our current financial system is kidding themselves. And the Establishment doesn't care what the hell you do; they have more than enough happy customers.

But mark my words, if anything ever came close to threatening their control over the socioeconomic power schemes that are in place, they would stomp it out faster than you can blink.

Post: #22

(03-12-2014 11:55 PM)thedude3737 Wrote:  Can you buy groceries with bitcoin or gold?

Didn't think so, and I don't see it happening in our lifetime. If someone proves me wrong, great, I actually hope someone does.

Your wish is granted.

http://www.forbes.com/sites/rakeshsharma...-bitcoins/

http://www.coindesk.com/groceries-bitcoi...r-walmart/

http://www.reddit.com/r/Bitcoin/comments...reshfully/

(03-12-2014 11:55 PM)thedude3737 Wrote:  There are families and organizations that have been in power for centuries. They control resources that you cannot possibly fathom. To think that you can simply opt out of the structure that they have built is laughable.

People laughed about e-commerce in 1996 when your local mall probably transacted more business than the entire internet combined.

The network effect once combined with tech is an unstoppable force.

It sweep aside all before it. You don't think Whatsapp messaging is going to surpass all SMS traffic combined?

There are countless examples and this will be no different.

(03-12-2014 11:55 PM)thedude3737 Wrote:  But mark my words, if anything ever came close to threatening their control over the socioeconomic power schemes that are in place, they would stomp it out faster than you can blink.

Except that they can't this time and this is the reason why.

Post: #23

The human desire for freedom can only temporarily be suppressed.

With that I am off to a gig so I will sign off by posting the most amazing vocal performance I have seen lately that seems relevant.

Awesome track.

Post: #24

Soon as I saw this title, figured this was gonna be another thread about the Fed.

That or fat chicks in the West.

Post: #25

This is Red Pill 101. Your not on the good side until you realize that your whole existence in the modern sense is to be a debt whore for the Banks. When you really internalize it you get pissed off, you get confused, you get scared, but then you buck up and try and get a game plan going.

A non-union Janitor in 1972 at rock bottom wages made the same as $14.00 if converted to todays dollars. A simple shop worker made nearly 18$ a hour in today's dollars. Minimum wages in today's dollars wouldn't even keep you in a room in the 70's; the only way people are getting ahead is by working obscene hours (double 'time' for the 'double' wage), or debt.

Now its time for a little quiz game:

Here is a list from 2000 are the only 7 countries without a central private Bank:

Afghanistan
Iraq
Sudan
Libya
Cuba
North Korea
Iran

Here is the same list in 2012:

Cuba
North Korea
Iran

The ones removed were all bombed to hell by Western/USA forces. This not by chance. The USA Army is basically nothing more then a contracted repo man for private banks and the elite. The central bank model has a desire to be implemented globally so that every person becomes a debt slave to the Banks.


Next part of the game, Russia*

Russia gets a asterisk because in 2006 Russia paid off its private bank debt. It annulled privatization with only a small share being left to the oligarchs to play with. It still has a central banking system, that does fractional banking which is a global standard more or less, but it is independent and not indebted to the global private model that has every other nation in debt.

Now lets update that list one more time to include Russia:

Cuba
North Korea
Iran

Russia*

Now think to the propaganda and hostilities you have been accustomed too and it all starts to make sense. The game is rigged and every influential body is part of the scam. The United Nations to whom ever else, none give a fuck, as long as their people on the top are getting paid. The United Nations on one end talks BS of peace in Sudan while on the other hand helps to smuggle in weapons. We put faith into these bullshit institutions because we don't know any better. We blindly go put are money into corrupt banks whom cut us on the other end by using that money to destroy its very purchasing power, the politicians keep it all going because they need the debt to justify their existence. If people knew.. but I swear most do... but are to afraid to do anything; they would rather just bend over and use ice cream and Facebook as distractions to make them feel that everything is okay.

You get informed and start to game plan however you can. Figure out your countries taxation laws and how to be able to get out of them if your trying to move your assets or your self internationally. I am big on heritage. Look into your families history as you may have land and assets within your blood that you can access.

Gold and Bitcoins isn't the full answer. its just the same as telling people to buy guns but not have secure access to ammo. I have always said the elites of this world aren't buying gold and Bitcoins. The ultra rich own land. Land is the true protected asset and it has been a rigged protected asset since private ownership laws were ceded from the very elites in the first place. Land has never lost its value, its rigged to never loose its value. Gold is a herring, as gold is the most manipulated asset on the globe. Gold performs well but its price is not real as its price is set every day by Bankers in London. Not to discredit either gold or Bitcoins, as all are tools, tools just like other assets and commodities, but the tool box that holds your tools is land.

Land has to be physically taken by force. Nobody is taking the tract of land that has been in my family for hundreds years. They would have to kill evrey patriarch in my family to get it. If shit hits the fan I know I have a place where I can be safe and survive. Only god can take me from that safe haven. No gold bricks will give you that security.