by Matt, SGT Report:
The history of the world is littered with successes. Once science emerged from the dark ages it started a chain reaction of learning and understanding that continues to this day. Years ago we explained something as simple as fire as ‘magic’ and only mystics who could summon demons had the ability to control it. We’ve come a long way since then.
Once Gutenberg invented the printing press in 1440, knowledge gained could be leveraged throughout the globe, the abilities of mankind collectively truly began. Each scientist and engineer stands on the backs of centuries of previous learning so that today you can access an app on your phone and get global access to the biggest information archive in the history of mankind. None of it would have been possible without the combined productive efforts of millions who have gone before us.
It’s also littered with failures and lessons for us all. For those that care to hear them. Further still, who asks the right questions? Why did Rome rise? Why did Rome fail? Why is the Byzantine empire not still with us? Britain prospered and its empire covered ¾ of the globe. Why is that no longer the case? (Although truth be known the Queen still “owns” approximately 1/6th of the land on earth.)
.Edison failed thousands of times before he tried Tungsten, so other than individual tragedies I’d say each failure can be a step in learning towards success. This won’t come as a surprise to SGT readers, but colossal failure takes the intervention of a government.
And you only have to look at what’s happening around you to understand that. Take Venezuela for instance, in the mid 1970’s with an oil boom underway, Venezuela was the 14th richest country in the world and its middle class holidayed in Florida. Then, in the mid-70's they nationalized the oil sector "for the people". But after Chavez (and some international banking extortion and manipulation), despite having MASSIVE oil reserves, the country has been run into the ground by communists who have all but destroyed productivity. The government is arresting bakers for using the wrong kind of flour.
Now Venezuela only leads the world in one thing: Murder.
Chile, while having some early troubles (and even without vast oil resources), has flourished.
The lessons of history are already in. Only freedom and a sound money system create wealth and productivity.
So, what have we learned? Governments over time destroy the productivity of the citizenry by undermining the money system and STEALING the natural resources. This point seems unarguable despite CNN’s best efforts to (mis)educate their viewers. Rome disappeared this way, as did the Austro Hungarian empire and the British empire.
A declining currency (real money is PHYSICAL gold and silver) value amidst ballooning government expenditures and ballooning taxation of the populace has always been the death knell for any empire.
The modern day American empire will not escape this truth.
It’s said that the British empire died the moment the Americans told the UK what to do over Suez in 1956. The baton was passed and at least according to the official narrative, America has been the prominent empire since. This has been the ongoing cycle since the dawn of civilization when we learned that cultivation allowed farmers to produce more than they themselves consumed which allowed the labor of the masses to be used for other productive purposes.
It’s never been different and it won’t change… Or will it?
The efforts of the men and women before us have got us to the point where a single man with technology can plow hundreds of fields, replace physical libraries with digital ones, or build an entire car.
The most fascinating thing though, at least to me is that technology allows us to easily escape the clutches of the government. That’s exciting enough as a thought but here’s the cherry on top: They can do nothing to prevent it.
The most obvious example is Bitcoin, currently the king of the cryptocurrencies. Bitcoin is still in its infancy and it may fall short of becoming the chief global money system, but it could become a reliable global currency (and in many ways, it has already). Even if Bitcoin doesn’t become the “world’s reserve” currency like the petrodollar, all it has to do is continue to be a good translator of value from one person to another, and for good and services. That’s all the petrodollar is – but unlike the petrodollar, Bitcoin has no Federal Reserve bank to manipulate it, and no printing machine that allows additional Bitcoin to be created at the touch of a button.
I’m not a romantic idealists. I fully realize that governments (and international bankers) will fight back against this threat to their money monopoly. (Though recently Australia and Japan have officially recognized Bitcoin AS money. That’s called a sea change friends.)
Bitcoin spikes after Japan says it's a legal payment method
http://www.businessinsider.com/bitcoin-price-spikes-as-japan-recognizes-it-as-a-legal-payment-method-2017-4
Libertarians do not hold views that are a threat to the people. They hold views that are a threat to the people who want to control other people. That’s a big difference.
Now decentralizing the money system will unleash a seismically important change on the world. It will remove the ability of government to extort the people. How do you continue to fund a massive military when everyone can ignore you?
The Bitcoin system has the potential to develop into something that hitherto was unimaginably significant for humanity. At the moment the blockchain for most people who aren’t hardcore users is an interesting and convenient way to ditch your fiat currency and and occasionally pay for something on the internet. What it’s lacking, which it could well develop into is a means to pay for, or at least transact global services. We have yet to see a huge industry move into this space (Although as we’ve noted at SGT Report: There’s something very big going on with Ethereum).
.By “huge” I mean something like the entire insurance industry. At the moment, if one of the big players did it, the government would shut down their services or withdraw their support for the larger markets where the big profits are made.
However, suppose a trusted figure were to open up a company on the tiny Pacific island of Nauru with the specific purpose of offering global insurance in Bitcoin. They could be based anywhere, but they could take payments online, make assessments and pay out in Bitcoin as well. No rules from government, just the free market in operation.
Do you want a free market global insurance platform that will cover you from driving a hire car in Australia, cover illness for holiday travels and medical insurance in case your skiing trip to Aspen goes wrong? No problem. $100 worth of bitcoin to this wallet address. The possibilities are endless.
Or even in Gold. Goldmoney as I understand it maintains a static vault of Gold in several countries and offers a ledger system for ownership with no fractional reserve. Your country may have sanctions against Iran yet you still want to make payment to someone? Why just get them to offer a bill of goods via Goldmoney and voila. An instant method of ignoring your local stupid government.
People are beginning to understand that this IS a monetary system.
The Bitcoin marketcap is hovering around the $35 billion mark at the moment with the number of users growing. Goldmoney is also experiencing a growth in the number of users. The more that productive people use networks outside of the control of governments, the more their wealth can be retained from governments.
And what about Steemit? The currency has yet to prove itself but if the blockchain can provide a true free market social network system, then information can no longer be controlled by government. Or by any individuals political preferences. The battle for free market ideas is now down to whoever comes up with the best one. Facebook and Google have been captured and are subject to the whims of the corporate owners and boards of directors. Filtering out out anything that threatens the status quo as “fake news” is quickly reducing them to little more than liberal echo chambers.
If Steemit does what it promises, it could kill off those social media giants.
We are rapidly approaching a phase of mankind’s future where governments could actually be sidelined to irrelevance. But they won’t go down without a fight and they will try to win over the wary but it is within our grasp, this ability to get all the goods and services you need, free of government interference.
Many industries are under threat by this move to the blockchain but the movement may prove unstoppable. Government gets its power from extortion and a slave like devotion from the citizens, but that power will wain. How would a government pay for its goons (you can spot them normally, they’re in police uniform) if the productive can no longer be extorted. A truly free world will arrive if the productive embrace this ‘en masse’. The people who rely on government extortion will be dragged along kicking and screaming. But it could end with a better future for all of us.
As a pleasant side note one has to ask the point of the Bilderberg group in a world that now knows what they’re up to – and wants to make them and their central banking monopolies obsolete? What becomes of their power then? Their entire ability to control the world rests on the back of their power remaining hidden. From ‘incentivizing’ (bribing) politicians, to regulating industries and pricing out the competition, these robber barrons and government gangsters could actually become powerless.
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At least that’s the utopian blockchain dream… perhaps I am an an idealist after all.
It’s a truly fascinating time to be a witness to the potential of all this. We could be on the threshold of witnessing an end to unrestrained government power, extortion and corruption.
Stop playing along with the elite’s old paradigm and become a part of the new one. Seeing the cup as half full will most certainly help you keep your peace of mind – and your sanity in these trying (and exhilarating) times.
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