Quote from: BitMos on November 23, 2014, 05:51:36 AM

Inflation is a form of taxation. If you hold 1 cent (0.01$) you are already taxed.

Quote from: username18333 on November 18, 2014, 07:00:07 AM

Money serves to regulate consumption and, thus, comprises failings thereabout.

Quote from: username18333 on November 06, 2014, 04:38:36 AM

Quote from: Professor Plums on November 03, 2014, 05:36:15 PM

Quote from: resya on October 24, 2014, 09:49:52 PM

I think new people will only come when a clear bottom has been found, too many price speculations are going on. The long term chart doesn't look particulalry attractive for people to jump in

The price is entirely speculative, and how will we ever know when a 'clear bottom has been found'?

Quote from: username18333 on October 30, 2014, 07:40:17 PM

Quote from: abrahamlitcoin on October 30, 2014, 03:32:46 PM

Quote from: Mccoy818 on October 30, 2014, 08:12:09 AM

There should be a term for a debt that big. How come US accumulated that big of a debt?

Because they meddle with everything and meddling with everything uses money. Thats why.

You're getting there.

Quote from: Peaceful Revolution Network link=http://www.xat.org/xat/moneyhistory.html

The 50 years of war left England in financial ruin. The government officials went begging for loans from guess who, and the deal proposed resulted in a government sanctioned, privately owned bank which could produce money from nothing, essentially legally counterfeiting a national currency for private gain.

Now the politicians had a source from which to borrow all the money they wanted to borrow, and the debt created was secured against public taxes.

You would think someone would have seen through this, and realised they could produce their own money and owe no interest, but instead the Bank of England has been used as a model and now nearly every nation has a Central Bank with fractional reserve banking at its core.

These central banks have the power to take over a nations economy and become that nations real governing force. What we have here is a scam of mammoth proportions covering what is actually a hidden tax, being collected by private concerns.

The country sells bonds to the bank in return for money it cannot raise in taxes. The bonds are paid for by money produced from thin air. The government pays interest on the money it borrowed by borrowing more money in the same way. There is no way this debt can ever be paid, it has and will continue to increase.

If the government did find a way to pay off the debt, the result would be that there would be no bonds to back the currency, so to pay the debt would be to kill the currency.

(Emphasis mine.)

When bitcoins are loaned by their miners with interest to be paid in bitcoins, they will find their bottomboth ethically and monetarily.

Quote from: Leo Tolstoy, Tolstoy (1988) by A. N. Wilson, p. 146. link=http://izquotes.com/quote/273222

The truth is that the State is a conspiracy designed not only to exploit, but above all to corrupt its citizens Henceforth, I shall never serve any government anywhere.

username18444

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