LOL! German Central Bank Warns Not To Use Bitcoin As It Is Not Backed By A Central Bank


🤣  This gives me more reason to jump right into Cryptocurrency ‼️


DV

May 13, 2017 by

Central banking, which is a tenet of communism and a scheme to impoverish the many to benefit a few, is one of the evilest, most pernicious and rapacious entities on Earth.

So, when a member of the German central bank, Bundesbank, warned against buying bitcoin I almost choked on my wiener schnitzel.

Having a central bank warn against buying bitcoin is like a rapist warning you that sex with your spouse isn’t as exciting as when he rapes you.

Yes, we know… and that’s why most people prefer not getting raped… and why we prefer bitcoin over any central banking scrip.

Here is what Carl-Ludwig Thiele, a Bundesbank board member said:

“Bitcoin is a means of exchange which is not issued by a central bank, but by unidentified actors. I do not see it as a currency. If you think Bitcoin would be as safe as the euro or the dollar, you have to take responsibility for it. We can only warn people not to use the bitcoin to preserve purchasing power.”

It comes as the height of arrogance to warn now, with bitcoin at all-time highs near $1,800, that bitcoin is a bad currency to “preserve purchasing power.”

If you had bought $1000 USD worth of bitcoin back in 2011 at $3, it would now be worth roughly $566,000.

If you had $1,000 USD in 2011, it would still be “worth” $1,000, but that $1,000 would only buy about $913 worth of goods. And that is when calculating the depreciation with the government’s own CPI index of 1.34% per year which has no bearing on reality. It is much higher than that.

If you had bought $1000 USD worth of euros in 2011, you’d now have $859 worth of euros considering the January 2011 USD exchange rate of .748 Euro per dollar.

So, with dollars, you would have lost roughly 1.34% per year due to inflation and with euros, you lost a whopping 5% due to the drop in the value of the euro and even more if inflation is considered. And, with bitcoin, your purchasing power increased by 56,500%.

So, clearly, you can see why the German central bank is warning against holding bitcoin. Because if everyone held bitcoin we’d all be rich and there would be no German central bank for Carl-Ludwig, that Keynesian communist, to “work” at.

Let’s compare bitcoin to central bank issued fiat currency to show further how ludicrous Thiel’s statement is:

Across Europe and the US, the economies are falling apart as the middle class is wiped out and tens of millions are pushed into poverty by the direct actions of the central banks.

Minimum wage protests continue because people are finding that the central bank’s inflation has made it so they can barely afford to eat anymore.

Meanwhile, the value of bitcoin continues to increase. Had everyone had bitcoin for the last few years there’d be no poverty and no strife.

The euro has fallen 99.75% versus bitcoin since 2011. This is what the German central bank is warning you about.

We suggest you ignore anything that the government, central banks and mainstream media tell you. All three of them are centralized and archaic and are in the midst of being washed away by a new paradigm of non-violent, decentralized systems of which bitcoin is one.

Most of the world hasn’t realized this evolution is in process, though, so you can still get in and well-positioned before the crowd and potentially realize a fortune for doing so.

You can get access to our book, Bitcoin Basics, and our newsletter that covers this ongoing paradigm shift here.

I’ll wager with Carl-Ludwig Thiele that bitcoin outlasts both the US dollar and the euro. In fact, I’ve predicated my life’s work around it here at The Dollar Vigilante.

Central banking is so 20th century. It’s time people like Carl-Ludwig Thiele disappear. In fact, why is the Bundesbank even still around? It essentially does nothing now that the counterfeiting power and interest rate market manipulation are committed by the European Central Bank.

Poor Carl-Ludwig, he doesn’t even know he is already obsolete.

#IMF pushing for a revolution?


ArmstrongEconomics

The International Monetary Fund (IMF) is always the cheerleader to raise taxes to support government they are instructing Germany to raise taxes and also talking about just imposing a 10% tax on all money on deposit in banks throughout Europe. Yes – you read that one correctly.

The IMF has told Germany it should raise its property tax, cut social welfare contributions and invest more to reduce income inequality. The demands are contentious in an election year. Once again the IMF has demanded higher taxes on savings deposits in Germany. Germany must do more for to raise taxes to impose more socialistic ideals to somehow tax the rich to create a broader participation of all citizens in the fruits of economic growth, if somehow raising taxes actually ever creates economic growth. The IMF warns that there is a relatively high tax burden on lower incomes with a comparatively low burden on assets.

The IMF argues for higher taxes on property are in fact necessary and that the government should demand higher wages to also give impetus to the growth in Germany, yet this is magically creating no inflationary impact. Years ago, Italy simply imposed a tax on money in one’s account. This was called a “capital levy”. This was a one-time charge as an exceptional measure to restore the sustainability of the debt. The IMF is also suggesting that measure be invoked to help the coming Sovereign Debt Crisis. The attractiveness of such a measure is that such a one-time tax can be levied before a tax evasion can even occur, especially if cash is eliminated and money can only exist in bank accounts. This requires the belief that this measure is unique and never repeated.

The IMF has already calculated how much the measure would cost every Eurozone citizen:

“The amount of the tax would have to bring the European sovereign debt back to the pre-crisis level. In order to reduce the debt to the level of 2007 (for example in the euro area countries), a tax of about 10 percent is needed for households with a positive asset. “

As you can see, there is NEVER any discussion about reducing taxes or the size of government. The solution is always to raise taxes and to not even look at the old Italian trick of a 10% seizure of all cash in your account. We highly recommend to diversify to assets that are MOVABLE and not subject to taxation merely to possess.

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…of bank$ter$, government$, fine$ and the mulberry bush.


Here we go round the mulberry bush, the mulberry bush, the mulberry bush…

The bank$ loan money to governments so that the governments can govern.

If the governments default they’d be bankrupt.

The bank$ play dirty game$ and get caught with their finger$ in the jar.

The mother bank$, or the governments will punish and fine the naughty bank$

When the bank$ got into trouble the governments bail them out with the money the bank$ loaned them so that the bank$ could remain giving them loan$.

Can somebody tell me who created the mulberry bush??


ST

US Fed fines Deutsche Bank US$156.6m for forex violations

Deutsche Bank US


CNBC

7 years on from crisis, $150 billion in bank fines and penalties

cnbc

…and the list goes on round the mulberry bush.

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India Outlawing Cash Altogether in 75 Cities


PTI

Modi launches 75 cashless townships across 12 states

Nagpur, Apr 14 (PTI) Prime Minister Narendra Modi today launched 75 cashless/less-cash townships, with an overwhelming 56 of them being in Gujarat.

The towns span across 12 states contributing to around 1.5 lakh cashless transactions per day and around 5.5 crore transactions a year.

Some of the prominent townships include those of state- owned Oil and Natural Gas Corp (ONGC), NTPC, SAIL and BHEL, as also those of cooperative firms like IFFCO and KRIBHCO.

Townships of private firms Reliance Industries, Adani, Essar and Welspun as also paramilitary forces BSF and CRPF also figure in the list.

Essar in a statement said two of its townships in Gujarat at Hazira (near Surat) and Vadinar (near Jamnagar) were today recognised as among townships pan-India that are less cash townships.

“The initiative was launched by NITI (National Institution for Transforming India) Aayog that declared Essar townships as ‘Cashless Role Model Township, which inspires other corporates to follow,” the statement said.

The townships were selected on the basis of a third-party assessment by Price Waterhouse Coopers (PWC).

To qualify as a less-cash townships, the conditions included the township must have completed deployment of a payment acceptance infrastructure, and all the families residing there would have to covered under training programmes. Also, more than 80 per cent of the total number of transactions must have been done through digital modes of payments during the review period.

“Of the two Essar townships, the Hazira township, also known as Nand Niketan, is India’s first private sector township to go cashless with the help of The Mobile Wallet (TMW), a Mumbai-based financial technology company,” the statement said


ArmstrongEconomics

The Prime Minister Narendra Modi announced on Friday the 14th, that 75 cities will be designated cashless/less-cash townships, with an overwhelming 56 of them being in Gujarat. Modi is determined to bring India into the 21st century. He is being cheered behind the curtain and every government is keenly watching the results. The townships were actually selected on the basis of a recommendation by none other than Price Waterhouse Coopers (PWC) furthering the G20 agenda to stamp out tax evasion worldwide.

We should be paying close attention to this effort for it is really a global effort to desperately try to support a complete collapse in the world monetary system that is on the horizon.

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Banks Secretly Report All Cash Transactions to the Police


ArmstrongEconomics

I have warned that governments around the world are engaged in the greatest collection of data in human history, tracking everything we do because they are going broke. This is just the hunt for money pretending to be looking for terrorists. Collecting every phone call, email, and text message is far too much data to ever allow preventative action. They have been limiting cash everywhere. India simply cancelled the currency overnight to eliminate cash. Now, New Zealand banks are being ordered to provide police with customer details on each and EVERY cash transaction over $10,000, claiming this is a crackdown on money laundering and the potential financing of terrorism. Of course, the money laundering really means hiding money from the government to avoid taxes.

Under new rules, banks will give police personal information including names, locations, and even phone numbers of any person depositing or withdrawing cash, for now making that $10,000. In the USA, if you did three transactions over a week of say $9,000 each, that in itself is another CRIME they call structuring, which is the practice of executing financial transactions such as making bank deposits in a specific pattern, calculated to avoid triggering financial institutions to file reports required by law. Under the US Bank Secrecy Act (BSA) and Internal Revenue Code section 6050I (Form 8300), structuring is a pattern of avoiding taxes they call money laundering, which they pretend is now to protect us against terrorists when in fact 99.9% is all about tax revenues. The penalty is up to 5 years in prison. Should this involve $100,000 over one year, the penalty is up to 10 years in prison under Title 31, Section 5324.

To make this perfectly clear, they DO NOT NEED TO PROVE that the money is part of any other crime. Merely trying to avoid reporting by structuring transactions is the crime even if you have already paid your taxes on that money. The New Zealand police say that this is a “crucial step in gathering intelligence”, but there is no requirement that any other crime took place. Simply hiding your own money is a crime.

These people elected to government DO NOT represent us, they only represent the state and we are presumed to all be criminals. In their mind, nobody is innocent. It’s just a question of proof.

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President #Trump: Replace The Dollar With Gold As The Global Currency To Make America Great Again


Forbes

Inside President Trump’s otherwise “standard Trump stump speech” at CPAC was nestled what might be a most intriguing observation:

Global cooperation, dealing with other countries, getting along with other countries is good, it’s very important. But there is no such thing as a global anthem, a global currency or a global flag. This is the United States of America that I’m representing.

There’s a keen insight in there that could, just maybe, transform our lives, America, and the world. No “global currency?”  Was this, with the poetic observation that “there is no such thing as a global anthem…or a global flag,” just a trope? Or could it contain a political portent with potential high impact on world financial markets?  Let’s drill down.

As it happens, there is a global currency.

It’s called the “U.S. dollar.”

Most international trade is priced in dollars. The Bretton Woods international monetary system invested the dollar, which then was defined as and (internationally) was legally convertible to gold at $35/oz, with global currency status.  France’s then-finance minister, later its president, Valéry  Giscard d’Estaing, called the “reserve currency” status of the dollar — its status, along with gold, as global currency — an “exorbitant privilege.”

By this d’Estaing was alluding to the fact, as summarized at Wikipedia, that “As American economist Barry Eichengreen summarized: ‘It costs only a few cents for the Bureau of Engraving and Printing to produce a $100 bill, but other countries had to pony up $100 of actual goods in order to obtain one.'” That privilege, which made great sense during the period immediately after World War II, became a curse.

In 1971 President Nixon, under the influence of his Svengali-like Treasury Secretary John Connally, “suspend[ed] temporarily the convertibility of the dollar into gold.” That closure proved durable instead of temporary. The dollar became, and remains, the world’s global currency.

What had been an “exorbitant privilege” devolved into an exorbitant liability. As my former professional colleague John D. Mueller, of the Ethics and Public Policy Center, formerly Rep. Jack Kemp’s chief economist, writing in the Wall Street Journal in Trump’s Real Trade Problem Is Money recently and astutely observed:

a monetary system based on a reserve currency is unsustainable, since foreign official dollar reserves (for example) are acquired and must be repaid in goods. In other words, the increase in official dollar reserves equals the net exports of the rest of the world, which means it must also equal U.S. international payments deficits—an unsustainable situation.

In other words, if President Trump wishes to address America’s merchandise trade deficit (balanced to perfection, of course, by a capital accounts surplus) he will find that allowing the dollar to be used as the global currency is the real snake in the economic woodpile.  The dollar’s burden as the international reserve currency, not currency manipulation by our trading partners or bad treaties, is the true villain in the ongoing melodrama of crummy job creation.

Mueller’s Wall Street Journal column enumerates the three options open to President Trump:

First, muddle along under the current “dollar standard,” a position supported by resigned foreigners and some nostalgic Americans—among them Bryan Riley and William Wilson at the Heritage Foundation, and James Pethokoukis at the American Enterprise Institute.

Second, turn the International Monetary Fund into a world central bank issuing paper (e.g., special drawing rights) reserves—as proposed in 1943 by Keynes, since the 1960s by Robert A. Mundell, and in 2009 by Zhou Xiaochuan, governor of the People’s Bank of China. Drawbacks: This kind of standard is highly political and the allocation of special drawing rights essentially arbitrary, since the IMF produces no goods.

Third, adopt a modernized international gold standard, as proposed in the 1960s by Rueff and in 1984 by his protégé Lewis E. Lehrman …and then-Rep. Jack Kemp.

To “muddle along” would, of course, be entirely antithetical to Trump’s promise to Make America Great Again. It would destroy his crucial commitment to get the economy growing at 3%+ — vastly faster than it has for the past 17 years  — which also happens to be the recipe for robust job creation and upward income mobility for workers. It also is the essential ingredient for balancing the federal budget while rebuilding our infrastructure and military.

To turn the IMF into a world central bank would, of course, be anathema to Trump’s economic nationalism. To subordinate the dollar to the IMF’s SDR would be equivalent to lowering Old Glory and replacing the American flag with the flag of the United Nations on every flagpole in America. Unthinkable under a Trump administration.

That leaves the third option, to “adopt a modernized international gold standard, as proposed in the 1960s by Rueff and in 1984 by his protégé Lewis E. Lehrman … and then-Rep. Jack Kemp” (whose eponymous foundation I advise). To this one should add, as Forbes.com contributor Nathan Lewis has shrewdly observed, the removal of tax and regulatory barriers to the use of gold as currency.

As I have repeatedly observed Donald Trump shows a strong affinity for gold. He has also shown a keen intuitive grasp of  how the gold standard was crucial to having made America great:

Donald Trump: “We used to have a very, very solid country because it was based on a gold standard,” he told WMUR television in New Hampshire in March last year. But he said it would be tough to bring it back because “we don’t have the gold. Other places have the gold.”

Trump’s comment to GQ: “Bringing back the gold standard would be very hard to do, but boy, would it be wonderful. We’d have a standard on which to base our money.”

Trump has been misled to believe that “we don’t have the gold. Other places have the gold.” In fact, the United States, Germany, and the IMF together have about as much gold as the rest of the world combined and America has well more than Germany and the IMF combined. [Note: This column has been updated to clarify that the United States has well more gold than Germany and the IMF combined but not, as originally stated, more than twice as much.]

We have the gold. Bringing back the gold standard would not be very hard to do.

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Flood At Warehouse Full Of IDR And USD – SAMPAI GUDANG IDR DAN USD BANJIR NUNGGU RESPON JOKOWI


What’s going on?
Tons of money of IDR (Indonesian Rupiah) and new USD (Treasury notes) are being stored in a warehouse at a secret location in Indonesia.

Catatan Harta Amanah Soekarno

Seorang penjaga gudang uang yang berisi mata uang dollar Amerika Serikat (USD) dan rupiah (IDR) dalam bentuk edisi terbaru mengatakan bahwa gudangnya sudah kemasukan air hujan setiap kali hujan turun. Repotnya, justru sekarang sedang musim hujan, sehingga hampir tiap hari ia bersama teman-teman penjaga gudang mengeringkan air hujan tersebut agar uang tidak terendam air.

img_20161006_114729Safarians.net ____ Oleh karena itu ia meminta kepada penulis untuk menyampaikan pesan agar Presiden Joko Widodo dapat menerima uang-uang ini untuk digunakan dalam pembangunan infrastruktur di Indonesia yang konon kini mencapai kebutuhan Rp 4.500 triliun.

Ketika ditanya oleh penulis, apakah bersedia memenuhi kebutuhan Pemerintah sekarang sekitar Rp 4.500 triliun? Ia menjawab, bahwa isi gudangnya itu melebihi angka tersebut. Tetapi mata uang yang ada di dalam gudang yang ia jaga hanya mata uang dollar Amerika Serikat dan rupiah yang semuanya dalam edisi terbaru.

Untuk melaksanakan amanah itu, penulis pun sudah mengirim sms ke handphone Presiden Jokowi tembusan…

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