Bitcoin: The Central Bank Killer That Might Have Saved JFK

bitcoin-JFK

by Johnny Punish

On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President John F. Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business.

Many have debated and discussed that this event may have been the reason JFK was murdered.  Really?

As we will know, the central banksters have been on a tear against we-the-people since they first came back on the scene after Woodrow Wilson signed the 1913 Federal Reserve Act.  Of course, Wilson later declared years later that;

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men”.

And so we come to JFK. When he addressed the challenge, did he piss them off? The noise around the murder of JFK says we may never truly know.  But here in the 21st century, we may have a new technology that maybe could have saved JFK’s life and maybe Woodrow Wilson’s dignity. That is BitCoin.

What is Bitcoin?

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

Well, first check out this short animated introduction to Bitcoin.


YouTube - Veterans Today -

But BitCoin is under attack by, you guessed it, the central banksters! Here, listen to what former Wall Streeter now activist Max Keiser is saying about the war against freedom and BitCoin.

They discuss bitcoin barbarians at the gate as U.S. cedes dominance to China and as nations and people around the world reject U.S. made technology due to NSA spying. In the second half, Max interviews Karl Gray and Austin Craig about the documentary film, Life On Bitcoin, and about the latest in crypto-currencies, including Litecoin.


YouTube - Veterans Today -

BitCoin: Mainstream Ready?

From obscure cryptographic experiment to multibillion-dollar virtual currency, Bitcoin’s sudden rise to fame has been steeped in controversy.

As US authorities give it the green light for the first time, will Bitcoin become the foundation of a new global financial system, or will the bubble burst, proving to be one of the greatest Ponzi schemes in the history of mankind? Patrick Murck, General Counsel of the Bitcoin Foundation, joins Oksana to discuss these issues.


YouTube - Veterans Today -

Join Bitcoin >>>


ABOUT AUTHOR: Johnny Punish is a musician, artist, entertainer, businessman, investor, life coach, and syndicated columnist. Educated at University of Nevada Las Vegas, his articles appear in Veterans Today, Money News Now and his Johnny Punish Blog. His art music is promoted by Peapolz Media Records and played on net radio at Last.fm and more.

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2013 copyright – Johnny Punish


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Posted by on November 22, 2013, With 2505 Reads Filed under Economy & Business, History, Life. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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12 Responses to "Bitcoin: The Central Bank Killer That Might Have Saved JFK"

  1. Todd Marshall  November 23, 2013 at 3:49 pm

    Attempting to continue.
    All certificates issued (from promises to trade) are extinguished on delivery of the promise. If there is a DEFAULT, the defaulted amount is collected as INTEREST from subsequent traders making promises. This assures that the supply and demand are always in perfect balance (it’s the nature of a trade). And by the governing relation: INFLATION = DEFAULT – INTEREST, INFLATION is “guaranteed” to be zero. Only DEFAULT must be measured and a like amount of INTEREST collected.

    Pretty simple. It’s never been tried. We know this because no one has ever produced a historical time series of DEFAULTs on any Medium of Exchange (MOE). Another note: Rollovers are DEFAULTS. All governments just roll over their trading promises. They “never” deliver on them because they can’t collect enough taxes to do so. So all governments are deadbeats and are charged exorbitant interest … effectively they’re not welcome in the marketplace using a properly managed MOE.

    Todd Marshall
    Plantersville, TX

    • catch22  November 23, 2013 at 6:08 pm

      Thanks Todd.

      So If I follow your thinking, bitcoin, by lacking management to collect interest equal to the default on exchanges, will lose it’s integrity as a medium of exchange. So this is another way of saying that when people don’t pay and there’s no internal mechanism to compensate for this, then everyone gradually loses confidence in bitcoin …resulting in…(please step in at any time.) I guess I’m wondering what failure would look like on the ground. Also do you see workable fixes that don’t risk private centralization?

      I’m asking lots of folks, lots of dumb questions because I want a handle on this.

  2. Todd Marshall  November 23, 2013 at 3:40 pm

    BitCoin is an item of barter, just like precious metals and in fact, just like Federal Reserve notes. As barter, the value is in the eyes of the beholder … and in the case of BitCoin, the eyes behold differently minute to minute. BitCoins are “mined” like precious metals. Thus they are deflationary … and even more deflationary than gold. BitCoins, like precious metals, think they are money because they are scarce and not controlled by any central authority.

    But money is “a promise to complete a trade”. It is created by traders and “guaranteed” by the marketplace. This is obvious from examination of trade. Trade is 3 steps: (1) Negotiation; (2) Promise to trade; (3) Delivery on promise. In barter, steps (2) and (3) happen simultaneously on the spot. Money allows steps (2) and (3) to happen over time and space.

    It goes like this. A trader makes a trading promises and gets it certified (money is created). For example, the trader may trade those certificates now for a house and promise to return 1/100th of them monthly for 100 ensuing months. In the meantime, the certificates (we call ours dollars … though they aren’t money) trade in barter because when the Medium of Exchange (MOE) is “properly managed”, people bartering with them know they will never lose value, anywhere, over any length of time. This is because the MOE is guaranteed to exhibit zero inflation. How you ask?

    Ran out of space, so I guess I’ll have to wait for you to ask.

    Todd Marshall
    Plantersville, TX

  3. Preston James, Ph.D  November 23, 2013 at 12:36 pm

    Grandslam homerun. One of your best articles ever, Johnny. It’s 100% on the mark and explains the core problem of all economic, industrial decline today. More of this kind of work please.

  4. jglassel.  November 23, 2013 at 4:20 am

    I recall a story floating around in the 80’s that Reagan was gonna change the currency to foil the drug dealers thereby rendering all those roomfuls of cash worthless.

    Not sure if that was before or after the assassination attempt.

    Now that we know our gov’t is largest trafficker of illegal drugs and drug profits make the world go round, would they ever accept, could they ever accept a cashless society?

    Their cover, their ruse would be blown if a junkie could buy heroine with a chip scan.

    Once the banksters are gone, a cashless society is the best way to assure a crime free society.

    The chip is really hype. A retina or thumb print scan is just as effective.

  5. catch22  November 22, 2013 at 8:04 pm

    I think it’s being embraced by some of the elite, like Richard Branson and others, in part because the dollar is toast, so it’s a contingency, a hedge, but also because the idea is to somehow get in and run it. Or game it. The last thing they want is something they can’t see, tax, or manage.

    But, it’s to soon to know. It could all be another ponzi scheme. It could have all sorts of vulnerabilities.

    Or… it’s a fledgling but very real threat to central banking. Either way, it behooves us to really study this shit and quickly.

  6. JS  November 22, 2013 at 7:15 pm

    China is pushing Bitcoin.

  7. DaveE  November 22, 2013 at 2:44 pm

    The only honest money system would be one where the amount of money in circulation is exactly equal to the amount of work done in a given day. It’s hard to see how Bitcoin could be regulated or controlled, so it’s probably just another scam someone stands to make a killing on.

  8. stephanaugust  November 22, 2013 at 12:32 pm

    I would bet it is part of the ongoing fiat money ponzi scheme from Talmudistan and all opposition is controlled opposition.

    • stephanaugust  November 22, 2013 at 1:31 pm

      Seeing the virtual Bitcoin in the first picture I wonder if it comes from someone who designed the Euro:

      ***http://www.sontech.at/images/2011-09-28_eurom%C3%BCnze.jpg

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