Monthly Archives: June 2014

Introducing the newest tactic for governments to raise cash

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“If the state can simply legislate its authority to seize dormant bank accounts, then they can just as easily lower the bar.  Australia passed legislation last year to reduce the threshold on seizing dormant accounts from seven years down to just THREE.  In the last 12-months since the legislation was passed, the Australian government has seized a whopping 80,000 accounts totaling A$360 million.  Georgia’s Disposition of Unclaimed Properties Act sets the threshold as low as one year.  In other words, if you have a checking account in Georgia that you haven’t touched in twelve months, the state government is going to grab it.  So much for setting aside money for a rainy day.”

http://www.sovereignman.com/trends/introducing-the-newest-tactic-for-governments-to-raise-cash-14566/

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Thoughts from the Frontline: The Age of Transformation

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“It’s not too much of a stretch to say that we’re in a race between how much wealth and value and improvement in lifestyles human ingenuity can create versus how much destruction of wealth and lifestyles governments can destroy.  It is a tendency of ours to take our recent past and project it in a linear fashion into the future.  And while we all acknowledge that change is happening faster today than it did 20 or 30 years ago, we really don’t expect the pace of change to quicken in the future. The next 20 years, we figure, will more or less unfold as the last 20 years has. Not a chance. That assumption is missing the second derivative of change – the acceleration of the pace of change.”

http://www.mauldineconomics.com/editorial/thoughts-from-the-frontline-the-age-of-transformation

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A Libertarian Testing Ground For Bitcoin, 3D Printers, and Drones

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“I discovered that this isolated group has fully adopted Bitcoin, and that it’s extremely enthusiastic about other ‘freedom-enhancing’ technologies such as 3D-printers and encryption. Everyone I met in the Project owned Bitcoin and was willing to accept it for goods and services. Of the couple thousand people living there, at least seven own 3D-printers. Though the idea originally was to get a critical mass to influence the political process, many in the movement now feel that the freedoms they want may be better realized through technology that routes around the government rather than engaging it directly.”

http://www.forbes.com/sites/kashmirhill/2014/06/12/the-free-state-project-a-libertarian-testing-ground-for-bitcoin-3d-printers-and-drones/

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How an Online Business Can Help You Internationalize

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“Many people are seeing the opportunity to internationalise themselves by either starting an Internet-based business or restructuring an existing business to be operable over the Internet.  An Internet-based business does offer the potential to create an income that is either equal or similar to that which one would enjoy ‘at home,’ whilst still living in another country. In addition, in many cases, this is possible without having to change clientele or learn a new language. Therefore, the Internet-based business tends to minimise the level of change that one would need to go through in an effort to internationalise.  Best of all, the Internet is not regulated by any country at present, which allows for tremendous freedom.”

http://www.internationalman.com/articles/how-an-online-business-can-help-you-internationalize

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The Peer-to-Peer Economy: Death Blow to the State

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“The most radical application of this idea concerns money and finance. After one-hundred years of government production of currency, and government sponsorship of banking institutions, P2P networks are now providing payments systems, loan markets, and even currency units such as Bitcoin. The implications of this are of course remarkable to consider. It’s one thing to dispense with the need for film processing; its something else entirely to toss away central banks, regulated stock markets, and departments of treasury. These are the heart and soul of political power itself.”

http://tucker.liberty.me/2014/05/05/the-peer-to-peer-economy-death-blow-to-the-state/

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The Men Who Owned Bitcoin.com

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“The interesting thing about all three men with whom we spoke is that they are all almost compulsive entrepreneurs. Mr. Heitler runs an online marriage counseling business and is considering building a business supplying electricity to bitcoin miners. Mr. Lowy said he is involved in building ‘bitcoin 2.0’ companies and is managing his clutch of domain names. Mr. Kenna runs a ‘hacker house’ in San Francicso, has another business selling ‘paper-wallet’ printers, and is working on another project about which he spoke of only off-the-record.  They have one other thing in common: they all owned, for a period of time, the crown jewel of cryptocurrency URLs.”

http://blogs.wsj.com/moneybeat/2014/04/22/bitbeat-the-men-who-owned-bitcoin-com/

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The Future Of The Blockchain

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“There’s been discussion about whether Bitcoin is a currency, a commodity, or a technological protocol. There are good arguments for each categorization, but each is unsatisfying in some way.  Now we know why this debate is so unsatisfying. Bitcoin represents a novel form of organization — a blockchain-based entity — that’s not quite like anything seen before it.”

http://www.businessinsider.com/the-future-of-the-blockchain-2014-4

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Ludwig von Mises: Come Back to Gold

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“In every instance of inflation or credit expansion there are two groups, that of the gainers and that of the losers. The creditors are the losers; it is their loss that is the profit of the debtors. But this is not all. The more fateful results of inflation derive from the fact that the rise in prices and wages which it causes occurs at different times and in different measure for various kinds of commodities and labor. Some classes of prices and wages rise more quickly and to a higher level than others. While inflation is under way, some people enjoy the benefit of higher prices on the goods and services they sell, while the prices of goods and services they buy have not yet risen at all or not to the same extent.”

https://mises.org/daily/6415/Come-Back-to-Gold

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Central Planning by Central Bankers

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“The agency that controls monetary policy for the United States has an unlimited amount of money to buy support, compliance, or least silence within that segment of professionally trained economists that specializes in money and banking. The Federal Reserve gets to keep all the money that it wants for operations. It has to turn back over to the Treasury Department any money that is not used for operations, but it does not answer to Congress or the Treasury with respect to how it spends its money. This means that the Federal Reserve has essentially unlimited funds available to buy off those critics who might challenge Federal Reserve policy.”

http://www.garynorth.com/public/12584.cfm

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If Snowden’s A Terrorist, What About Uber and Airbnb?

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“Why would Marc Andreessen condemn Edward Snowden for showing the American people that they have forsaken every right to privacy that they once held dear?  His VC firm was behind such disruptive technology companies as Twitter and LinkedIn. Virtual hotelier Airbnb is one of its prize portfolio holdings today.  Is Andreessen a terrorist? Because he is busy scaring the proverbial crap out of people across the globe—businesses, individuals, regulators, and more. He’s putting people out of jobs, left and right. He’s wreaking havoc on the economy.  And, like Edward Snowden, I am of the mind that all the pain Andreessen is causing will be well worth it in the end.”

http://www.caseyresearch.com/cdd/andreessen-terrorist-government-shutdown-airbnb-uber

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