Patrick Byrne had some very strong words on bitcoin and economist Paul Krugman

According to -Truth in Media website –  Benswan.com

“Kurt Wallace of Rare.us recently interviewed Overstock.com CEO Dr. Patrick Byrne who had some very strong words on bitcoin and economist Paul Krugman.

Bryne calls Krugman’s economic theology “extreme and magical.” He goes on to say that Krugman’s thinking has no ties to reality.

Bryne tells Wallace that he hopes Bitcoin will destroy central banking. The online retailer recently made headlines for accepting bitcoins as payment.”

You can listen to the entire interview here:   http://benswann.com/overstock-com-libertarians-new-favorite-company-ceo-has-strong-words-for-krugman-bitcoin/#ixzz2qasAng2K

OverStock.com Now Accepts Bitcoin

http://www.cnbc.com/id/101315433

According to CNBC, Patrick M. Byrne, chairman and CEO of Overstock.com stated:

Bitcoin

“Overstock.com has become the first major online shopping retailer to commit to accepting the digital currency bitcoin as payment in exchange for any of our million products. We are doing this for both business and philosophical reasons.”

“First, the business reasons: There are large numbers of holders of bitcoin who are eager to patronize firms that will accept this form of payment, but so far, their options have been limited. I believe that by being the first major online retailer to accept bitcoin, we will tap into a significant group of loyal consumers, and as a result our share of the overall market will grow.


“Now, the philosophical reasons: I believe limited government is a better business model for our nation than is unlimited government (and limited government has the additional benefit of being consistent with our Constitution). Among the many vices of authoritarianism is that it can sustain itself only by offering more things to more people than it can actually deliver, and one way it makes up the difference is by debasing its currency.”
In addition, the cost of carrying out credit-card transactions is roughly 2 percent. Given that our net margin is also approaching 2 percent, the avoidance of such fees will make bitcoin sales that much more profitable.”

http://www.cnbc.com/id/101315433

Divest From the Media that is Lying to You

The current system is in its last days. Do what you can to not only help finish it off, but to prepare for the massive transition that is in process. The opportunities that exist right now have never been seen in all of the history of humanity.

Take action. Do what you can. Take responsibility for yourself. Do not wait for heroes nor saviors, be one.

 

Media strike: Stop funding the corporate media that is lying to you. Cancel your cable, your magazine and newspaper subscriptions, watch internet and alternative media and entertainment instead.

 

More ideas: http://mydeclarationoffreedom.com/2014-the-year-of-action/

 

2014: The Year of Action

2013 was the year of education and awakening.  At this point if youdon’t know, you are not paying attention. At this point if you not awake, you are not wanting to be awake. 2014 is the year of action. You know who you are. You are the one to take action. (see suggestions below.)

For those with eyes to see and ears to hear the government of The United States of America no longer exists. There has been a coup and it is now fully complete. The checks and balances of the branches of government have been ignored and abolished. The power now fully rests within the executive branch. There is no rule of law. We have a two tiered justice system where bankers and corporations can steal billions of dollars and then get bonuses for millions of dollars, while common people spend 20 years in prison for having a ounce of marijuana. Billions of dollars go to these same corporations and banks every month in tax payer funded subsidies while the workers can’t by food.  Our rights of privacy, self defense, due process, and sovereignty are being striped from us at an astounding rate. These are all classic acts of a desperate government that knows it is losing its power and control. Let’s finish them off.

Do not protest. Do not fight. Don’t even try to fix this broken system. Make it irrelevant. Create your own systems that benefit you, your family, your friends, and your community. Take complete responsibility for yourself.

Here are the points I suggest:

Media strike: Stop funding the corporate media that is lying to you. Cancel your cable, your magazine and newspaper subscriptions, watch internet and alternative media and entertainment instead.

Tax strike: Do not fund the illegal and immoral wars. If you pay taxes you are funding the murder of hundreds of thousand of innocent people.  In Iraq alone the DC Regime has openly admitted to the killing of 500,000 children. And they said it was worth it. Video Here. Do not file your taxes.

Bank strike: Open an account at a small local credit union. Take all but your minimum expenses needed for the month out of the bank. Hold on to real cash in hand. Banks use your deposited money to create money out of thin air and then charge people to borrow it. Plus, once you deposit your money in a bank legally it is no longer your money, but instead it is an unsecured investment in the bank. When the banks collapse they will take your money to pay off other banks leaving you with nothing.

Credit strike: Pay off all your debt. Debt is how the banks enslave you and fund their machines of destruction.

Consumer strike: Only purchase used or locally made products and food. Invest in your neighborhood and community. A handful of super corporations own and control almost all of the mass produced goods. These are the corporations that have bought the government and write the laws for their benefit. Stop funding them.

Monetary strike: The Federal Reserve is creating US dollars at a breakneck speed just to keep up the appearance of financial stability. Their current rate of currency creation is over 1 Trillion dollars per year. Every dollar they create reduces the value of your cash and savings. Get out of the dollar. Buy real things and get out of all government currencies. Buy real gold or silver that you hold in your hand. Buy bitcoin or other crypto currencies.

Financial Market strike: All markets are manipulated by the central banks of the governments. The only reason the stock market is currently rising is due to the fact the Federal Reserve is printing currency and forcing interest rates to be low and remain low. This forces investors into higher risk investments within the stock market. Cash out of all paper assets, this includes stocks, bonds, treasury bills, retirement funds and anything else that is not real in your hand.  Cash out, pay the penalties and then invest in a local business that creates something real, or buy something real of lasting value.

Energy strike: Convert everything you can to solar or wind power.  The petroleum/fossil fuel industry is one of the cores of destruction and corruption of this planet. If you use fossil fuels you are funding the machine that is robbing you and destroying the planet.

The current system is in its last days. Do what you can to not only help finish it off, but to prepare for the massive transition that is in process. The opportunities that exist right now have never been seen in all of the history of humanity.

Take action. Do what you can. Take responsibility for yourself. Do not wait for heroes nor saviors, be one.

 

 

 

 

 

 

 

The End Game of the US Dollar

Image Credit: Flickr / Pen Waggener

Image Credit: Flickr / Pen Waggener

China publicly announced it will be dumping foreign currencies… which includes the US dollar.

This is the end game my friends. We are witnessing the unravelling of the US dollar and of the DC Regime that has co-opted the government of These United States and replaced it with Fascism (aka Corporatism).

Oh and by the way the last one with US dollars looses! That includes you my friend.

http://www.trueactivist.com/china-announces-that-it-is-going-to-stop-stockpiling-u-s-dollars/

 

 

 

 

What do the Declaration of Independence and the New $100 Bill Have in Common?

The declaration of Independence and the new $100 bill share something very interesting. They share this statement printed on them both.

“That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.”

 

Hidden Meaning in the New $100 Bill
http://www.roadtoroota.com/public/261.cfm

 

“HOW TO Defeat The System” Documentary Film by Fabian Calvo

mq1How To Defeat The System is Fabian4Liberty’s latest micro documentary film. With the world in crisis and hundreds of talking heads highlighting the problems, what exactly are the solutions? In this micro documentary LIBERTARIAN ACTIVIST Fabian4Liberty covers concrete steps individuals can take starting today that can change their lives, their families and their communities all the while taking down the system. Learn How To SURVIVE & THRIVE in the coming economic collapse! What is THE SYSTEM? The system is the banker run economy, the BIG FOOD GMO foods, The two party system, the Corporate Banker owned media and much more.

Fabian4Liberty ► http://www.fabian4liberty.com

What Can We Do to Stop This Run Away Government Controlled by The Bankers and Corporate Elite?

What can we do to stop this run away government controlled by the bankers and corporate elite?  Start simple and take away their power. Their power is the control of currency. So take your money out of their systems and hold it yourself.

Every pay check withdraw all the cash you can and pay as many of your expenses as you can with cash. Do not use credit cards or debit cards if at all possible. Also, pay down your debts as much as possible every month.

Doing these simple steps will de-leverage their control. As more and more of us do this it will be exponentially more effective due to the fractional banking systems currently in place.  Taking out 1000 dollars will take away up to $10,000 of the banks ability to create cash out of thin air.

If you really believe in doing something then cash out your retirement accounts and any investments you have in treasury bonds, the stock market, etc. This will have the same de-leveraging effect on the banks that are stealing from us. Take this cash and buy real things like food, water, precious metals, and keep some cash on hand to live on.  Maybe even think about investing in a local business that provides needed goods or services for the community.

Together we must replace this system that no longer benefits us. It will not change on it’s own accord.

This may not be painless nor easy, but we must act now or pay a greater price in the future.