The abuse of the banksters just gets worse. Switching to crypto is the only answer.
Archive for Alternative currency
This is an important understanding of why the world is changing, and why we are moving from the old centralized formats to a free format. Finally, humanity has a chance to be free and this is why.
This helps you explain the basics to your friends who still don’t get it.
Economic Tipping Point
I just lost an hour’s worth of work because I made the mistake of not typing it in notepad first. there is some unknown combination of keystrokes that makes the computer do something stupid and all the stuff I typed into the yahoo box just go away. So, rather than retype it, here is an article that says essentially the same thing in investment speak.
The tipping point of the world’s economy has happened. Here is an article that explains how the US dollar can be a victim of this new economic reality. Maybe you won’t believe me, maybe you will believe this guy, he seems to know his stuff.
New report warns: Russia is getting ready to launch a “massive” blow to the U.S. dollar
From Michael Snyder of The Economic Collapse:
Is the petrodollar monopoly about to be shattered?
When U.S. politicians started slapping economic sanctions on Russia, they probably never even imagined that there might be serious consequences for the United States. But now the Russian media is reporting that the Russian Ministry of Finance is getting ready to pull the trigger on a “de-dollarization” plan.
For decades, virtually all oil and natural gas around the world has been bought and sold for U.S. dollars. As I will explain below, this has been a massive advantage for the U.S. economy. In recent years, there have been rumblings by nations such as Russia and China about the need to change to a new system, but nobody has really had a big reason to upset the status quo. However, that has now changed.
The struggle over Ukraine has caused Russia to completely reevaluate the financial relationship that it has with the United States. If it starts trading a lot of oil and natural gas for currencies other than the U.S. dollar, that will be a massive blow for the petrodollar, and it could end up dramatically changing the global economic landscape.
The fact that the Russian government has held a meeting to discuss “getting rid of the US dollar in Russian export operations” should be front page news on every mainstream news website in the United States. That is how big this is. But instead, we have heard nothing from the big mainstream news networks about this so far. Instead, we have only heard about this from Russian news sources such as the Voice of Russia…
Russian press reports that the country’s Ministry of Finance is ready to greenlight a plan to radically increase the role of the Russian ruble in export operations while reducing the share of dollar-denominated transactions. Governmental sources believe that the Russian banking sector is “ready to handle the increased number of ruble-denominated transactions.”
According to the Prime news agency, on April 24th the government organized a special meeting dedicated to finding a solution for getting rid of the US dollar in Russian export operations. Top level experts from the energy sector, banks and governmental agencies were summoned and a number of measures were proposed as a response for American sanctions against Russia.
The “de-dollarization meeting” was chaired by First Deputy Prime Minister of the Russian Federation Igor Shuvalov, proving that Moscow is very serious in its intention to stop using the dollar.
So will Russia go through with this?
After all, this wouldn’t just be a slap in the face. This would essentially be like slamming an economic fist into our nose.
You see, Russia is not just a small player when it comes to trading oil and natural gas. The truth is that Russia is the largest exporter of natural gas and the second largest exporter of oil in the world.
If Russia starts asking for payment in currencies other than the U.S. dollar, that will essentially end the monopoly of the petrodollar.
In order to do this, Russia will need trading partners willing to go along. In the article quoted above, the Voice of Russia listed Iran and China as two nations that would potentially be willing to make the switch…
Of course, the success of Moscow’s campaign to switch its trading to rubles or other regional currencies will depend on the willingness of its trading partners to get rid of the dollar. Sources cited by Politonline.ru mentioned two countries who would be willing to support Russia: Iran and China. Given that Vladimir Putin will visit Beijing on May 20, it can be speculated that the gas and oil contracts that are going to be signed between Russia and China will be denominated in rubles and yuan, not dollars.
And the reality of the matter is that China has seemed ready to move away from the U.S. dollar for quite some time. In a previous article, I included a quote from a French news source that discussed how China’s official news agency has even called for a “new international reserve currency… to replace the dominant U.S. dollar”…
For decades the U.S. has benefited to the tune of trillions of dollars-worth of free credit from the greenback’s role as the default global reserve unit.
But as the global economy trembled before the prospect of a U.S. default last month, only averted when Washington reached a deal to raise its debt ceiling, China’s official Xinhua news agency called for a “de-Americanised” world.
It also urged the creation of a “new international reserve currency… to replace the dominant U.S. dollar.”
For much more on what China is thinking, please see my previous article entitled “9 Signs That China Is Making A Move Against The U.S. Dollar.”
So why is the petrodollar so important?
Well, it creates a tremendous amount of demand for the U.S. dollar all over the globe. Since everyone has needed it to trade with one another, that has created an endless global appetite for the currency. That has kept the value of the dollar artificially high, and it has enabled us to import trillions of dollars of super cheap products from other countries. If other nations stopped using the dollar to trade with one another, the value of the dollar would plummet dramatically and we would have to pay much, much more for the trinkets that we buy at the dollar store and Wal-Mart.
In addition, since the U.S. dollar is essentially the de facto global currency, this has also increased demand for our debt. Major exporting nations such as China and Saudi Arabia end up with giant piles of our dollars. Instead of just letting them sit there and do nothing, those nations often reinvest their dollars into securities that can rapidly be changed back into dollars if needed. One of the most popular ways to do this has been to invest those dollars in U.S. Treasuries. This has driven down interest rates on U.S. debt over the years and has enabled the U.S. government to borrow trillions upon trillions of dollars for next to nothing.
But if the rest of the world starts moving away from the U.S. dollar, all of this could change.
In order for our current standard of living to continue, it is absolutely imperative that everyone else around the globe continues to use our currency.
So if Russia really does pull the trigger on a “de-dollarization” strategy, that would be huge – especially if the rest of the planet started following their lead.
The U.S. economy is already teetering on the brink of another major downturn, and there are a whole host of indications that big trouble is on the horizon. For much more on this, please see the article that I posted on Monday entitled “If Economic Cycle Theorists Are Correct, 2015 To 2020 Will Be Pure Hell For The United States.”
Just about the last thing that we need right now is for our petrodollar monopoly to be threatened.
It would be nice if things would calm down in Ukraine and the relationship between the United States and Russia could go back to normal.
Sadly, that does not appear likely any time soon.
In fact, the Ukrainian government has already admitted that “we are essentially at war,” and on Tuesday six Ukrainian soldiers were killed and eight were wounded in a convoy attack in eastern Ukraine.
The regions in eastern Ukraine that have just declared independence have given the government in Kiev until Wednesday to pull their forces out of eastern Ukraine or else face war.
If a full-blown civil war does erupt in Ukraine, it is going to take this crisis to a completely new level.
Unfortunately, most Americans are incredibly apathetic at this point and know very little about what is going on.
But in the end, this could have dramatic implications for all of us.
De-Dollarization: Russia Is On The Verge Of Dealing A Massive Blow To The Petrodollar http://theeconomiccollapseblog.com/archives/de-dollarization-russia-is-on-the-verge-of-dealing-a-massive-blow-to-the-petrodollar
De-Dollarization: Russia Is On The Verge Of Dealing A Ma… http://theeconomiccollapseblog.com/archives/de-dollarization-russia-is-on-the-verge-of-dealing-a-massive-blow-to-the-petrodollar Is the petrodollar monopoly about to be shattered? When U.S. politicians started slapping economic sanctions on Russia, they probably never even imagined that
View on theeconomiccollaps… http://theeconomiccollapseblog.com/archives/de-dollarization-russia-is-on-the-verge-of-dealing-a-massive-blow-to-the-petrodollar
Please excuse the fact that the links are not clickable. The version of the newsletter I receive has the links removed.
Many of you have been aware of Bernard von NotHaus and his
Liberty Dollar project.
You may not have been aware of the most recent information he
has been circulating on his case. Here is an excerpt.
“On April 17, 2013, the Department of Injustice replied to my motion for
acquittal. Of course, they disagreed and made numerous points that my
Motion had no merit and why I should be sent to prison. Over all it is
what would be expected. And as acquittals are very rarely granted, the
DOJ probably thought they had my conviction in the bag so they didn’t
have to get too worked up over my latest motion. But the point of my
acquittal, no mens rea (i.e. no criminal intent) no guilt thus I should
be granted an acquittal and all your property should be returned was
well presented by my attorney. HEY! It’s been seven year since the US
Mint published the “warning” that using the Liberty Dollar was a crime
and six years since the FBI raided the warehouse and confiscated all our
property. I for one of over 100,000 people who are holding genuine legal
paper or digital warehouse receipts as per the US Mint own statements
want their gold and silver back. So now that the DOJ has replied, it is
up to Judge Voorhees to rule on all the motions re my case.”
The above captioned paragraph was sent to me by Bernard along with other
information on 10 May 2013. I have the following link:
It has the complete motion. LibertyDollarNews.org would have further
information on Bernard and his situation.
I append below the information available from Bernard in his latest
update as text only. Links can be found using your favourite search
Another development in my case is that the DOJ removed “their” god-awful
Press Release attributed to Anne Tompkins: Defendant Convicted of
Minting His Own Currency. It is now only available on the FBI site. Even
wonder how the DOJ was able to issue such a damning press release and
brand me a “unique domestic terrorist” just a couple hours after I was
convicted? Well, it is common knowledge that a Press Release is written
for every major case well before the case even goes to trial so it is
ready when the expected verdict is announced. Don’t you love it that we
all believe that we are innocent until proven guilty? Even wonder how
the DOJ has a 98% conviction rate? There is something just not right
about my case and justice in America for such an overwhelming conviction
2. BVNH Replies to DOJ Response
In a surprise and bold move BVNH attorney, Noell Tin, filed a counter to
the DOJ response to BVNH’s Motion for Acquittal on April 30th. The brief
filing was directed to the point of law that the gov did not prove their
case and that the Acquittal Motion was neither too late nor did it
involve new evidence. It is now up to Judge Voorhees to rule on all
pending motions. It seems to be a clear choice between acquittal and prison.
Click HERE for the BVNH counter to the DOJ reply to the Motion for
3. Who, How & Why Was the Gold Market Sabotaged
Rarely is there an article that puts all the pieces of government
sabotage together, especially when it entails monetary sabotage.
Fortunately, Joseph VaughnPerling has done just that. Please read this
amazing article that explains how the gov, acting through the Federal
Reserve and JP Morgan Chase, were able to evade investor rules,
regulations and the law to dump 500 tons of naked gold shorts (puts) for
over 16 million troy ounces of gold worth almost $25 Billion that cost
the sellers over a billion dollars! Who but the US gov has such power
and balls for such a massive transaction to gut the gold market? This is
massive theft of investor’s equity, blatant disregard for the law and
individual rights as the gov strives to protect their phony money and
its eventual fate of utter failure.
Please Click HERE for: “If you are a Gold Bear”
4. Gold and Silver demands explodes
As a result to the massive assault on gold and personal property rights,
the price of gold and silver has exploded. This presents an enormous
buying opportunity, otherwise known as “averaging down.” Regardless of
what you call it, the assault on gold has driven the premium sky high
and shortage of physical metal. If you are holding any paper gold – GET
OUT OF IT NOW. This is the best time to buy and continue buying until
sanity returns to the precious metals market. The following articles
present a clear idea of what has happened.
Dwindling U.S. gold stocks signal surge in physical demand
NEW YORK, April 29 (Reuters) – Physical gold stocks held at CME Group’s
Comex warehouses in New York have dropped to a near-five year low in a
further sign that gold’s price crash unleashed a frenzy of demand as
investors scramble to buy bars and coins.
Analysts say the sudden recent surge is further evidence of pent-up
demand for coins and bars, particularly from China and India, caused by
the slump in prices. Investors also appear to prefer to hold physical
metal rather than futures, traders said.
“Some investors feel much safer having gold within their reach and their
hands,” said Jonathan Potts, managing director of Delaware Depository, a
CME-approved silver warehouse which also holds gold and other precious
metals for investors.
Click HERE for the complete article.
Perth Mint Works Through Weekend on Highest Demand Since ’08
Australia’s Perth Mint, which refines nearly all of the nation’s
bullion, said that demand has jumped to the highest level in five years
after prices plunged, with the factory kept open through the weekend to
There’s been strong interest, including from the U.S., with buyers
speculating that the metal will rebound from the decline, Ron Currie,
sales and marketing director, said in a phone interview from Perth.
“We haven’t seen levels like this since the 2008 global financial
crisis,” Currie said yesterday. “Compared to March sales, April sales
have doubled or tripled,” he said, without providing figures.
Click HERE for the complete article.
Best article: Record Physical Demand Will Begin New Gold Investment Cycle
Time To Strike Gold?
In the last 30 days, gold has experienced some dramatic price
fluctuations that have many investors taking note of a potential
opportunity to profit from SPDR shares of gold (GLD). The 30-day high
reached $1,605.40 an ounce and a low of $1,352.40. But even this
substantial swing is small in comparison to the action that many
investors believe they missed over the last five years where the
precious metal saw astounding growth of over 40%. This has left many
wondering if now is the right time to enter the market, or if this is
merely a short-term dip unlikely to yield any real value. However, one
man may be able to tell us the answer. Please click HERE for the
5. “These are perilous times” Jim Rogers
Legendary investor Jim Rogers is worried about unprecedented money
printing around the globe. Rogers says, “We have never had every
government debasing their currency at the same time. . . . This is the
first time in recorded history where you have most of them doing it all
together. These are perilous times . . . one way or another; this is
going to end badly.” Rogers owns gold and thinks last week’s gold
sell-off was a good thing. Rogers says, “This is normal. This is not
unusual. I welcome it. I expect gold to go much, much, much higher over
the next decade, but it will not and cannot until it starts having
normal corrections.” How high will gold go? Rogers says, “If the U.S
dollar becomes confetti, any number you want to make up. They’re
printing U.S. dollars fast enough to turn them into confetti. Who knows
how high gold will go as long as we have a mad man running the central
bank.” [Editor Note: The central bank is the real problem, regardless of
what mad man is at the helm.]
Click HERE to join Greg Hunter as he goes One-on-One with Jim Rogers
And it is not just billionaire Jim Rogers who is concerned and dumping
Stocks. Click HERE for more news.
6. Race to the bottom: Japan to Double Supply of Yen!
Japanese central bank to double money supply in fresh bid to spur inflation
In the boldest move yet in the “Race to the Bottom” of the global
financial system, the new central Bank of Japan governor seeks to end
the long spell of deflation which has hindered investment and economic
growth for over ten years. Click HERE for the complete article.
Japan’s devaluation policy insures the gold price, Sinclair tells King
Japan’s policy of currency devaluation has placed a put denominated in
yen under the gold price, Jim Sinclair tells King World News, adding
that the physical market will respond quickly to future attempts to
falsify the price with smashes in the paper market. Read an excerpt from
Sinclair’s interview: “The Gold War & Unprecedented Financial
A Currency Race to the Bottom
Global Race to the Bottom by Central Banks in Unison
Currency Wars: A Race to the Bottom of the Inflationary Barrel
Currency Wars – Race to the Bottom – Breaking All the Rules
Activist Post: Currency Wars – Race to the Bottom
7. End of the Paper Gold Market?
Full-Blown Panic As People Ask “Where Is The Gold?”
“… it’s become obvious to anybody who understands the gold market that
the paper market is a total fraud.”
Physical vs. paper gold — waiting for the dam to break
This is the beginning of the end of the paper gold market…
Metal drained away, Comex will move to cash settlement
Silver American Eagle planchet suppliers elusive
Premiums on US Silver Eagles
Physical premium up to $8.49 then up to $15 premium on one ounce of
8. Boston Bombing – Another FBI Terror Plot?
IMHO, regardless of who is responsible or recruited the bombers, the
worst part of the Boston Bombing is that it was the first and probably
the first of many small scale civilian based terror events in the United
States. My conclusion is based on my experience when I lived in Miami
while there were three well publicized bombing attempts. In each of the
trials it was proven that the FBI was responsible for creating the
situation by aiding witless individuals who would have never been able
to create a bomb without a FBI undercover agent playing an active role.
These follow articles bear witness to the fact that the Boston bombers
were most likely aided by the same FBI who raided the Liberty Dollar and
are responsible for your lawful property being confiscated.
Fake FBI Terror Plots
Former FBI Employee: Bombers Could Have Been Recruited By FBI
4409 — Marathon Bombers set up by FBI
Tamerlan Tsarnaev Attended CIA-sponsored Workshop
The Motive Behind the Boston False Flag Operation
Corbett Report: The Terrorists Have Been Identified
Bob Livingston op-ed on Boston and government lies
9. Arizona Fails to Make Private Gold and Silver Legal Tender
Breaking news: Governor vetoes gold standard currency for Arizona
PHOENIX — Gov. Jan Brewer refused Thursday to make Arizona the second
state in the nation to declare privately minted gold and silver coins,
bars and ingots to be legal tender in the state.
In vetoing the measure, Brewer said she shares the concerns of
proponents that the dollar isn’t worth what it used to be. And she said
it’s likely to get worse “as a result of an unsustainable federal deficit.’
But the governor said she’s not ready to take the plunge — one that so
far only Utah has taken.
Click HERE for the complete article.
Governor Brewer’s veto goes again everything the Legislature passed:
Arizona passes law making gold and silver legal tender
ABC News also stated that the latest measure is Arizona’s latest jab at
the federal government, which prohibits states from minting their own money.
Arizona Legislature says gold should be legal tender
Arizona Legislature has passed legislation making gold and silver legal
tender, no different under state law than the U.S. dollar printed by the
federal Treasury Department. And that the measure reflects a growing
distrust of government-backed money amid the declining value of the dollar.
10. Forbes recommends gold standard, flat tax
Steve Forbes is at it again! In a recent speech in New York City he
recommended the gold standard and a flat tax as he did when he ran for
President twice and has done so for many years. It is very endearing to
for someone like Mr. Forbes to take such a stand especially one that is
not yet popular simply because he, like so many of us, knows that the
gold standard provided the most stable monetary system in history. It is
simply sick that the US government, et al the national governments, to
debase our national currency. This is atrocious and morally wrong. But
to do so and use those proceeds for war, war and more war is certainly
one of the worst crimes of the century.
As Steve says: “The U.S. economy may be slowly recovering from the
crippling recession that started in 2008… [But] This 2 percent growth is
nonsense. It should be 6 percent.” He concluded his speech to a packed
house by declaring that the death tax would also meet the guillotined.
“You should be able to leave this world unmolested by the IRS,” Forbes
said. “As our Founding Fathers would say, ‘No taxation without
Please click HERE for the compete article.
Another month down and probably more than a month to go before Judge
Voorhees rules on my post trial Motions. Please keep me and the Liberty
Dollar in mind as we move towards a new monetary system that does not
steal the results of your hard work.
Many thanks for your continued support. For it is only by banding
together and adopting a free and independent currency that provides us
with “just weights and measures” will we be able to throw off the yoke
of a manipulated monetary/tax system and generate a peaceful and
Thank you again for all your efforts to return America to value – one
dollar at a time!
Bernard von NotHaus
We fully support and accept Bitcoin, Pecunix, Liberty Reserve, and our own Global Banking account currencies. Become part of the solution rather than part of the problem by dumping the banks and using alternatives to build a better world instead of feeding the beast.
It is I, your good buddy Fellow Traveler, with some Open-Transactions news…
IN THIS ISSUE:
— Monetas iPhone app (Screenshots!)
— HUGE progress on OT’s SMART CONTRACTS!
— Many questions answered in recent Reddit thread.
First, I’d like to direct your attention to a recent Reddit thread about
A lot of questions are answered in there, so you guys might find it
“Anyone that has read about OpenTransactions got the feeling this could be
the next big thing, and a huge boost to Bitcoin?”
I thought you guys might like to see a sneak-peek at the up-and-coming
***iPhone app*** for Open-Transactions, from Monetas:
Sweet, eh? (Not done yet, but getting close.)
==> You may have heard people refer to OT as overly-complicated…
…But they’re behind the times! Since the high-level API “OTMadeEasy” was
released, most financial actions can now be performed with a single line
of code. (See the demo programs provided in php, python, csharp, java,
==> You may also have heard naysayervers derisively scoff that OT is
…But now with the new iPhone and Android apps nearing completion, such
talk is quickly becoming an artifact of the past. (Please be sure to
educate the misinformed, whenever you encounter them.)
Indeed, I already gave a little time — a headstart — to other
developers, over the past few years — an opportunity to create GUI user
apps of their own, before moving on it myself.
…But the headstart is now over! (For user apps, anyway.)
Of course, just _using_ OT in your own projects, will still give you a
_huge_ headstart, vs re-inventing the wheel. And there are so many other
things which could be built, beyond mere user apps.
(The real vision is RESOURCE ALLOCATION amongst cloud APIs.)
QUESTION: Is Monetas a commercial version of OT?
===> NO… But Monetas will sell commercial software built _using_ the OT
===> (Such as the iPhone app.)
===> To be clear: Open-Transactions is an open-source platform, period.
===> Monetas, on the other hand, is building commercial software that runs
on _top_ of the OT open-source platform…
===> …an iPhone app, an Android app, a Systray app (with plugins for
Chrome, Firefox, Skype, etc.) Voting pools, scalable architecture, etc.
===> Another way of looking at it: Open-Transactions is built to make
financial transactions easy for PROGRAMMERS…
===> …Whereas Monetas aims to make OT easy for USERS by providing user
apps, and for the ENTERPRISE by providing additional architecture.
*** Progress on SMART CONTRACTS ***
I’m really excited about this one!
While OT has had smart contracts for a while now, the API didn’t expose
enough of the functionality to make them useful, beyond a
proof-of-concept. For example, it was previously impossible to create
smart contracts, or sign them, or activate them, without having to first
write a special custom script for _each_ of those steps 🙁
But that has all changed! Over the past few months, A LOT OF WORK has gone
into exposing more and more of the smart contracts functionality through
the API, enabling us to update the OT tools considerably…
===> You’re wondering: WHAT exactly are the new CAPABILITIES?
In a nutshell:
1. Smart contract _templates_ are now fully-functional.
2. The ‘opentxs confirm’ and ‘opentxs propose’ commands are now
3. Special ‘smartcontract.ot’ tool for viewing/editing the templates —
In greater detail:
EASILY **CREATE AND RE-USE** SMART CONTRACTS
— There is a special script that allows you to CREATE your own smart
contracts. (It’s called smartcontract.ot) When you run smartcontract.ot,
you can dynamically construct your own smart contracts–defining the
parties, the bylaws, the clauses, the agents, etc.
— This creates a smart contract TEMPLATE. That is, a pre-made template
which can easily be re-used many times by different groups of parties. The
idea is that the “lawyers” among you can design smart contracts, which
many other people can then easily use.
— (FYI, the smartcontract.ot tool can also be used to load/view existing
templates, so you can explore other people’s smart contracts dynamically
and see all their parts.)
— A few PRE-MADE templates are bundled with OT, including ***Escrow with
EASILY **SIGN AND ACTIVATE** SMART CONTRACTS (brand new!)
— New command-line options have been added to make this functionality
easily accessible. For example, you can now use the ‘opentxs confirm’
command to sign onto a smart contract, which is then automatically sent on
to the next party (appearing in his inbox) so he can sign it too, and
sends it on to the next party, etc, until the last party ACTIVATES IT to
— As a result of this, the scripts/smartcontracts/escrow folder is now
EMPTY except for the escrow template itself! All the supporting scripts
have now been erased — they’re simply not needed anymore. Just use
smartcontract.ot to view/edit, and use ‘opentxs confirm’ to sign/activate.
— Open-Transactions now automates all the work of placing these
contracts in your outbox, and in your recipient’s inbox, and sending the
appropriate notices when the agreements are activated (or when they fail
— Payment plans (recurring payments) are now fully-functional as well.
You can create them using the ‘opentxs propose’ command, and sign/activate
using ‘opentxs confirm’. They work similarly to the smart contracts.
(Inbox, outbox, notifications to all parties, etc.)
— This means we can FINALLY add smart contracts AND payment plans into
the Moneychanger test GUI. Huzzah! (So that’s coming soon.) In the
meantime, enjoy the new command-line tools!
There’s more, but I don’t want to overload you guys, so I’ll save it for
my next announcement (coming soon.)
P.S. BTC donation address: 1NtTPVVjDsUfDWybS4BwvHpG2pdS9RnYyQ
All donations will be re-donated to people in the open-source community
who work on OT, to reward them for their hard work. Special shout-outs to
randy-waterhouse, da2ce7, knotwork, BlueWall, and others.
P.P.S. Anyone interested in the commercial side (Monetas) please contact