Money is supposed to be a store of value. After the recent collapse in the dollar convertible price of Bitcoins, the inevitable scrutiny in the viability of the monetary system is warranted.
The official description of Bitcoin states: Bitcoin is an experimental, decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority managing transactions and issuing money carried out collectively by the network. Purported myths and ground rules on how the alternative currency operates, provides calculated reading. Whether this accounting system can or would be accepted as a credible medium of exchange on any large scale is certainly an open question.
The condition of society in the 21st century has a pronounced fear of individual freedom. The relevance of Sartre’s philosophy remains intact because we desperately need a counterweight to a world that promotes dictatorial compliance. As a seminal thinker and most celebrated existential proponent, Sartre stirred a post World War II generation to view their existence from a non-traditional perspective that caused extensive establishment criticism and apprehension. The liberation and awareness celebration that distinguishes the realization of personal freedom during the 1960’s counter culture revolution owes a debt of gratitude to the French philosopher.
As any honest observer of the dire fiscal nature of U.S. budgets would conclude, the driving section of deficit expenditures are entitlements. The two areas, based upon predictable demographics, that scream out for rational and extensive surgery are Social Security and Medicare. The Obama administration has a long record of gutting Medicare as part of the Obama care malady that is transforming into a national plague as the detail regulations unfold. For a summary of reporting on the subject, review the media accounts on the Kaiser Health News. One of such analysis, found in the New York Times item, Obama Budget to Include Cuts to Programs in Hopes of Deal, identifies the smoke and mirrors modifications, designed to push the Medicare medical reimbursement into insolvency.
If you listen to the alarm coming out of the imperium empire media, you would think that missiles would be flying at any moment. That medieval torture regime noted for starving their population is boasting that a bellicose attack is imminent. Of course, their propagandists are pointing the finger at the Yankee bully that is the perennial bogyman posed to snuff out the Democratic People’s Republic of Korea. Such an earthly paradise is billed as a “genuine workers’ state in which all the people are completely liberated from exploitation and oppression. The workers, peasants, soldiers and intellectuals are the true masters of their destiny and are in a unique position to defend their interests.”
The International Monetary Fund is an extortion financier’s outfit for a gang of exploiter banksters. The colonists of global mercantilism operate on extending credit with strings attached and assets targeted for attachment. Poor and underdeveloped economies beg for roll over extensions of old debt in an endless circle of currency debasement and resource transfer. So why anyone would get excited over a competing banking house, seems to escape implications within the news publications.
What more time-honored practice in the long history of state sponsored servitude than the institutionalization of prisoners? Incarceration for offenses against government laws is a cornerstone for power and survivability of any regime. Prisons may have been hellholes over the centuries, but seldom has the internment of convicted lawbreakers been a growth industry for private profit. It almost makes one wonder exactly who are the crooks. While most hard-pressed citizens want a safe and secure society, few ever give even a passing thought to the insatiable corporatist criminalization of the criminal justice system. Just how many Americans agree with the proposition, if you did the crime, you need to serve the time.
Hurrah, 17 Senate Democrats crossed the aisle to support the keystone pipeline. No doubt, these stalwart energy proponents are looking ahead to their 2014 races. “The vote puts new pressure on the Obama Administration to approve the pipeline project. The southern portion of the pipeline, which didn’t require White House approval, is already under construction. The Senate vote indicates that even Democrats are growing impatient with the delay.” But sbefore the champagne is uncorked, the Green army of diehard crazies form ranks to make their last stand. Putting the issue in proper perspective, the reliable Robert Bryce warns – While opponents protest, oil companies turn to railroads.
Barak Obama’s journey to the Holy Land hardly resembles the trek of Moses through the wilderness. Nonetheless, his flee from accountability does remind of that often professed transparency. In this case, he cannot hide from his misdeeds. An open question remains, will public outrages banish the POTUS under the weight of his transgressions. Alternatively, will the powers of Pharaoh succeed in suppressing his enemies?
When does banksters’ extortion become outright theft? The latest example and escalation by the placing a levy fee on bank deposits in the tax haven of Cyprus illustrates the bold step of seizing private liquid saving accounts, under the guise of a government tax. The prospects of an all out run on the banking system have jumped tenfold. Essentially, a government is using the power of the state, to steal funds not because of the bankruptcy of a banking institution, but because of a failure of the entire EU financial system. The forbidding precedent of a seizure of individual wealth, by a stroke of a pen, runs contrary to the shrinking confidence in fiduciary trust of cash placed in banking accounts.
A government whistleblower, disclosing classified secrets, risks criminal charges. Defining restricted material usually includes a broad scope of information that casts officials or agencies in a compromising embarrassment. The idea that public servants may be engaged in violating laws is no excuse for blowing the whistle on such abuses if it involves “National Security”. This protect the state attitude at all cost argument, is the very definition of institutional cover-up. In war, truth is the first casualty, so said Aeschylus.