Will We See a New Version of 1933's Executive Order 6102?
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Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States". The effect of the order, in conjunction with the statute under which it was issued, was to criminalize the possession of monetary gold by any individual, partnership, association or corporation.
---- Wikipedia
We'll come back to EO 6102 in a moment, but keep it in mind as you read ahead.
Yesterday, I posted Are All ICOs Now Officially "Securities" According to the SEC? after the SEC released an important report on blockchain initial coin offerings. I just finished reading investor.gov's commentary on it as well: INVESTOR BULLETIN: INITIAL COIN OFFERINGS.
It's more of the same.
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Reading through this bulletin, the part that frustrates me the most is this section starting with "law enforcement officials may face particular challenges..." It's like a bullet point list of why we need cryptocurrency in the first place.
Have we forgotten history completely? Do we not know why governments want "central authority", the ability to "freeze" your funds, "trace" your money, and keep you confined to their jurisdiction where they maintain a monopoly on the use of force? They list the "international scope" of the blockchain as a negative. Seriously, read it. They are complaining about their inability to spy on you and know everything about you under some circumstances if you aren't within their borders.
Some may think I'm over-reacting. Some are spinning this as a "net positive" like this article from Venture Beat: SEC to blockchain community: You are now regulated.
They talk about the industry being "legitimized" but to me that just means "controlled by government like everything else."
No.
This is exactly what the Bitcoin protocol was meant to disrupt. Governments and central banks have the power to control every aspect of human society including the very tokens of value we use to store the fruits of our labor and investment.
The Bitcoin genesis block had a hash of this message:
The Times 03/Jan/2009 Chancellor on brink of second bailout for banksAccording to the bitcoin wiki:
This was probably intended as proof that the block was created on or after January 3, 2009, as well as a comment on the instability caused by fractional-reserve banking.
Enough is enough.
Do we really need another Executive Order 6102 directed at cryptocurrencies before we realize what's happening? Most Americans don't even know how "their" government once made it illegal to own gold. They don't know how "their" government forced everyone to give up their gold or pay massive fines and go to prison. Their system of central money control through the Federal Reserve both caused and prolonged the great depression (according to many economists) and this was their fix: threats of violence. They were "helping" once again, only when they sold it back, they doubled the price. Could it happen to crypto?
The FED is neither a federal government entity nor does it have reserves. It's beyond the law. Don't even get me started on the International Bank of Settlements (IBS), the International Monetary Fund (IMF), or the future role of Strategic Drawing Rights (SDRs). For more on that stuff read Currency Wars: The Making of the Next Global Crisis and The Death of Money: The Coming Collapse of the International Monetary System by James Rickards.
I'm not one to go on about an inevitable currency collapse just around the corner, but I do think we all need to be educated enough to know how money in the world actually works and how it is being manipulated at the highest levels. The time we spend away from our families working at our jobs and businesses to earn money is time others get to control through the manipulation of our very stores of value.
In 2013, I did a presentation on why I believe bitcoin to be more disruptive than the Internet. That video has over 8,000 views. I posted it on Steemit 6 months ago if you want to watch it. I've been keeping track of this stuff for a while and have been working to passionately educate others on how important bitcoin and decentralized blockchain cryptocurrencies are. The blockchain is our chance at freedom! That's why I'm also working on understandingblockchainfreedom.com which you can follow via @ubf.
This is why these rulings by the SEC and Investor.gov get me so fired up. The report references Section 21(a) of the Securities Exchange Act of 1934.
1934!!!
Seriously. We're being governed and controlled by laws which were formed while the U.S. government was stealing gold from its citizens.
This rant by @larkenrose I re-shared on Facebook today sums it up perfectly:
All of the resources, all of the hired thugs, all of the weapons, all of the surveillance technology, all of the checkpoints and searches, all of the "legal" powers the state has to spy on you, track you, disarm you, monitor you, register you, question you, tax you, regulate you, and all of the additional "legal" powers they keep "asking" for, and keep giving themselves--ALL OF IT exists for one purpose, and one purpose only: to PROTECT THE STATE from potential dissenters and resisters, including you.
None of it was ever about protecting YOU from anything.
Marco Santori had a series of tweets today you may also find interesting. Exchanges and exchange users who buy and sell tokens may also be on the hook here. That means me. That means you.
The blockchain can bring freedom. That includes freedom to be scammed out of our money. When these reports come out, I wonder, how much of it is the same old tired government line of "criminals use bitcoin" and how much of it is because of people who complained to mommy and daddy government when they got scammed because they were stupid?
Maybe this is their answer.
If you can avoid it, don't ask government for anything.
All you will get is more government.
Edit: There's been a bit of confusion in the comments because I wasn't clear in my post. I'm not saying anything about gold here. I'm saying that what they did with gold in 1933's EO 6102 might be done again with cryptocurrencies today.
SpotOn. I'm a two-tour combat veteran and I have to tell you the incremental drift to authoritarianism in too many countries is more frightening to me than was my enemy in combat. I could at least clearly identify that enemy.
As I've matured, I now believe that my combat "enemy" wasn't my real enemy. The REAL enemy is TPTBs that create circumstances that make "enemies" of ordinary people within opposing sides. Folks just trying to get on with Life as best they can - loving, raising families, caring for others.
TPTBs' reasons - insidious as always - control, power, money; you know, all the usual suspects and all those predictable justifications to keep us "safe." No wonder cryptos and decentralization are a nascent threat governments are keen to control ASAP - before they get out of hand.
Good grief, images of Star Wars and The Empire are resonating in my mind now, "Luke."
Thanks for your service. Agreed. Too often, we are not fighting the root of problems. We get distracted with puppets and symptoms. We got to attack the base, the real bosses of tyranny.
Reading War is a Racket by Smedley Butler was eye-opening for me. I'm glad you were able to escape the programming that so often accompanies military service to see the true enemies around us.
Spot on.
That's good. Enjoyed your point of view very much. I have to say though that the confiscation of metals through force or mandatory anything is highly unlikely. The majority of Americans don't own any metals except in the fashion of jewelry. The number that does is so minuscule it doesn't even matter. I mean let's face it why would these digital fiat printing, free loaders who created 20 trillion in debt since baby Bush's reign come after such a small market? Let's not get into derivative debt either cause that numbers more than likely unimaginable. Let's do however think about the average kardashian watchin' American for a moment and where all his fiat paper is tied up at present....... Yep.... the stock market in one form or another. Do you have a 401 k? How's it doin? I'll bet pretty damn good. The last time I checked the total amount invested from mericans' in 401k's was around 13 trillion. Now that numbers a little closer to the mark for theft than the measly what.... 20 billion or so in the privately held hands of my fellow mericans' who are smart enough to be metal owners. I mean when you need 20 Trillion robbing the 401k's is a much better heist than the metals by far right? Easier too as they don't have to kick in anyone's door to do it. Just the click of a mouse so to speak. Maybe they'll, when the prices do rise, tax the hell out of metal owners to get their cut? Who knows. They always want their cut don't they? I say chain em' all together and kick the first one off the front of a big ship over the Mariana Trench. All of them. Worthless free loading scum bags. Anyway think about this too. Our system "is" a debt based system. It can only survive by creating more debt. So all this talk of balanced budgets or paying it off is bullshit. Smoke and mirrors my friends. Smoke and mirrors. Anyway, that's my take. My numbers may not be exact as it's been a while since I've cared enough to follow this crap. It's the same ole' same ole. Never changes. The show must go on............... Thanks Luke. Enjoyed as always. Sorry for the rant.
If I could have people learn one thing, it is this.........governments do not have your best interest in mind.
In their mind, you are a cash cow.
You are the bleating sheep, waiting your turn to be sheared.
You are a means to an end for those in power.
Your life is meaningless to them.
You are a number.
Now people will find all those things hard to believe. And it is not individual government employees I am talking about. It is the collective, run by the narcissistic psychopaths with the deep pockets, that bribe, threaten and kill those that need convincing.
Just remember, if a policy, theme, program, law, etc. is sponsored by the government and endorsed by the biggest media members (CBS,ABC, NBC, etc.), you can be certain it is something that is not good for you.
Remember that.
Reminds me of this video:
Yep! :)
Rant away. It's the only way I know of to deal with the frustration, and it hopefully educates people along the way. I didn't directly spell this out in the post (though I thought maybe I should), but my thinking in terms of the executive order is that they may create a similar one for blockchain cryptocurrencies. Some countries already outright disallow them. It's precisely those trillions in the stock market they want to keep control over and that's why the SEC is freaking out about "securities" and they could disrupt the corruption that is Wall Street and IPOs.
We got to tell people each day we want SEC to die like TPP.
@lukestokes Actually, a well-written article. I'm used to folks ranting and not knowing what they are talking about. It is also good to see that you have a healthy self-identity.
Thanks for the encouragement. This post just flowed out of me in about an hour. I've been looking into this stuff too long and the recent events just got me frustrated enough to post about it.
Luke Stokes, thanks. Good question. I want government to get smaller. I do not like the foundation of the foreign Federal Reserve in the USA in 1913. I did not know that FDR helped with starting SEC.
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I do not like the NWO, Soros, Rothschild, FBI, CIA, IRS, Clinton, Obama, Bush, others, & now SEC too. I did not know that the alleged feds stole gold from so many people like in the 1930's especially like you said. I know the dollar later went off the gold standard. I love Steemit & crypto. We are part of global revolutions. We need to continue sharing truth like this everywhere.
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We have to try to always vote out bad people, the swamp, out of government. We got to run for government and not just cry as well. We got to be creative each day. Make memes. Create websites. Make videos. Copy and paste. Together, we can do so much. Each one of us are part of the future. Thanks, @lukestokes.
You had me right up until the copy and paste part. I wrote more about that here.
Luke, maybe you do not like copy and paste but I love Pirate Bay.
Thank you for sharing this. This is the info that needs to get out there for people to read and better understand. There are so many aspects that distract us from what is really going on.
We have to be aware and understand that we need to do more to pay attention to what is going on around us and how it truly is affecting us.
There are still way too many people that need to wake up.
Thank you.
That's exactly the kind of stuff everyone should be posting about.
Governments are illegitimate institutions working to accrue their power at the expanse of everyone else and we as individual need to work to outsmart their systems and build the new ones that will free us once and for all.
We should work in the government. Drain the swamp.
80% of Bitcoin is controlled by 5 miners in China. same shit. You as individual can do nothing about it. Same dynamic about control exists in the government and world wealth.
legitimate: "conforming to the law or to rules."
If the system, democratic or not, fraudulent or not that is governed in any way by a group of people decide X, then X, whatever that is, becomes legitimate.
I agree my use of illegitimate might be misused. I should have used immoral instead.
It's true that a lot of the newly mined Bitcoin are mined in China. I guess that's what you meant to say because less than 80% of Bitcoin have been mined so far and 80% of the current supply isn't owned by Chinese or at least it's pretty impossible to say for sure.
Humans decide economic policies. Economies and wealth don't take decisions. They are things.
I'm interested in working with anyone to better our lives and our world.
moral: concerned with the principles of right and wrong behavior.
What is right and wrong behavior is entirely subjective and again, subject to the interpretation of democratic means and group approval. What is right in China might not be in the U.S. What was right 500 years ago might not be today. What is right today might not be 500 years from now. |
927 People Own Half Of All Bitcoins
http://www.businessinsider.com/927-people-own-half-of-the-bitcoins-2013-12
You were saying?
never implied otherwise. also. they are not things. they are concepts.
bullshit statement. Every single person on this planet strives to makes the lives of SOME people better. Thing is, you can never improve all people's lives no matter what system you choose. There are always gonna be losers and winners.
At least stand by the word of the psychopathic books you support like "The Art of War". Don't sell me the bullshit "I am trying to make the world better". Beauty pageant statements don't cut it. Especially when you are blatantly intellectually inconsistent.
"Entirely"? Have you read Sam Harris' Moral Landscape or Molyneux's Universally Preferable Behaviour? Steven Pinker's The Better Angles of Our Nature touches on how morality changes over time, but it's not (IMO) completely subjective because it can be seen taking a specific course as the circle of empathy expands given our improving position on Maslow's Hierarchy of needs. More on that here.
There you go again with that fixed pie, zero sum thinking. We talked about this before. It's a flaw in how you go about framing other topics, IMO.
This is a significant mischaracterization, IMO. "Wealth" doesn't come to my house with a gun and threaten me with violence or throw me in a cage if I don't obey. Wealth doesn't have a monopoly on the use of force in a geographic region. Wealth can be anything people believe it to be. Wealth involves natural monopolies, not artificial ones backed by violence. If you don't like bitcoin, pick a different one with a model which better suits your worldview. There are hundreds to choose from: https://coinmarketcap.com/
You don't even have to use crypto. You can use rocks, or shells, or tally sticks, or whatever.
Yes, there is a power dynamic and a mechanism of control in wealth for those who choose to operate within a given system. You still have choice. There is no choice when it comes to government. We are born into it and we have no other place to live which allows for voluntary living.
As to the misuse of the word "legitimate", I agree with you. For a long time, I misunderstood that word to be synonymous with justified, moral, etc. This is just another symptom of our programming. We are taught from an early age via indoctrination camps known as public schools to believe what is good and bad is defined by government.
I have. So what? Is it valid just because they say so? Simply, when you are at war and you kill someone is defense against an imaginary piece of land. In times of peace is murder. Referencing others with weak points doesn't make yours more valid.
Again. I am not a zero sum guy. I told you. Again, the wealth increases, FOR EVERYONE but the gap widens which make it seem very much like a zero sum thing. Which part from this you can't understand? Google it. The millionaires and billionaires increase and the middle class diminishes. Some win, some lose. This is how evolution works. Anything else goes against nature itself.
You are being over-dramatic now. No need to go Dollar vigilante tinfoil. There are rules that you agree to take part. If you don't like it leave.
There are also many countries to chose from but as much as it applies to FIAT a whale can make a move and people can starve. A mouse click can bring a much more painful death than a gun.
Bullshit. There was always plenty of places. Here is one. I can also name plenty of places in Australia, Mongolia, Africa, Russia, Latin America. You just want it catered based on the current economic system aka WITH a government. Otherwise you will have morons like TDV ripping people off in Chile.
https://en.wikipedia.org/wiki/Liberland
You can be taught similar things from the blockchain. So what? We are all brainwashed. It is inevitable. It is part of being human.
I don't think their points are week, or I wouldn't bring them up. They argue morality is not as subjective as you are describing but have objective aspects to them rooted in our evolution and brain structure. Talking about how the moral nature of an action changes in different categories and circumstances does not mean it's subjective. Yes, during war it's not called "murder" (even though that's exactly what it is). This too is an example of how the circle of empathy is expanding and more people are coming to see war as murder. Same thing goes for cutting someone open with a knife. If there's consent, it might be a life-saving surgery. Context matters unless you're over-simplifying on purpose to avoid important details.
Saying the middle class diminishes implies a loss which I'm saying is not the case on a more objective level. If the standard of living of the poor today is higher than that of kings in the past, that is not a loss according to my framing of it because, as you said, it's not zero sum, though you saying "some win, some lose" implies you believe it is. If I arbitrarily give one person $1,000 and another person $10 can we really say the second person "lost" $990 or anything at all? No, they gained and that's an objective reality.
And go where? Those who enforce non-consensual "contracts" and have a monopoly on force love this argument because it allows them to ignore the deeper issues of consent. If two adults don't agree to a contract without coercion, it's not a contract. If most forms of government on the planet today resemble a form of slavery (even if things are much better than they once were) that doesn't make it okay and it doesn't mean we can't continue expanding the circle of empathy to reach a point where individuals and society really could function via voluntary means and actual contracts.
Who's being overly dramatic here? IMO, this is a ridiculous statement. "Clicks" in free markets uncontrolled by threats of violence don't bring about painful death unless you're referencing something I'm not familiar with. Most likely, governments were involved creating monopoly situations backed by threats of violence. We don't see much of that in cryptocurrency, do we?
Naming geographical locations on the globe doesn't mean someone can live there voluntarily.
You confuse me, @kyriacos. Sometimes we have fun, respectful, interesting discussions. At other times, you seem to respond with a lot of negative emotion like you had a bad night's sleep or something. I get you don't like voluntaryism / anarchism or those who believe the world can be improved by removing government (which I define as a monopoly on the use of force in a geographic region). Okay. We disagree. We can still discuss our views respectfully.
I don't call your views bullshit, and I ask for the same level of respect in return.
I never said moral aren't subjective.
I never said 927 persons didn't owned half of Bitcoin in fact I knew it looked something like that.
Your statement saying 80% of Bitcoins are owned by 5 miners was blatantly erroneous yet every time I pointed out a false statement you made you never acknowledge it.
Can I asked you why do you live? Do you love life? Do you have any goal in life and aspirations? What are your biggest aspirations?
Well, you did try to say that first was illegitimate and then immoral. You sure as hell implied that there was something "wrong". if you understood that it was subjective you wouldn't make the statement. You rather didn't know how to answer and decide to salvage the say by "hey I didn't say it wasn't".
Yes you chose to attack the actions of the government when the crypto world is plagued by the same exact type of market?
You have a reputation for being intellectually dishonest so here is my exact words again. I warned you to be extra careful when you debate me.
80% of Bitcoin is controlled by 5 miners in China. And it is true. They do. Just pay attention how the whole market hangs from their wishes in the days before August 1st.
irrelevant. Again. Trying to salvage your position by using bullshit tricks you learned from your bullshit books :)
not gonna work on me pal.
Forcing people to do stuff against their will is wrong. I sure did implied that current governments are morally wrong. It sure is subjective.
If you think I'm dishonest can I ask you why you are interacting with me? What is your purpose of interacting with me?
I'll stop replying because I have come to the subjective conclusion that you are dishonest or delusional.
I expect you'll say something like you won, I can't take it, I can't debate you, you're smarter, I can't debate you cause you're right, I'm full of shit but that's not the case.
It is my hope people can understand and see the situation for what it is.
Nobody is forcing anyone. Much like Steemit there is a system in place. If you don't like it. leave.
I am allergic to bullshit if you have noticed. Nothing personal.
Sure, turn it on me now.
and that's exactly your problem. You care about what other people think. Check my posts from day 1. I don't give a shit what other people think and surely as hell I don't sound like a cheesy repackaged advertisement that is shilled from a whale.
kyriacos Can you do one for Steemit ?
no need. right hand side.
https://steemwhales.com/
well researched post mate. I am following you from some days and your posts always amaze me. well, I don't know much about U.S law still a good post mate. Upvoted. My upvote is not very worthy as I have very less steem power. sorry for that.
Regardless of your country, you can choose to promote freedoms. You do not have to know the laws to know that regulation can limit liberties and choices and prosperity and more.
OK, I get it. That helps me understand why we, as US citizens, are not allowed to directly participate in the daily EOS token allocation. Looks like Dan and his team saw that coming.
That tweet stream by Santori was fascinating.
I've got some more research to do - including your old video. Thanks for the link to that, and for being a leader in this fight. Blockchain technology is truly revolutionary.
"If you can avoid it, don't ask government for anything.
All you will get is more government."
In prison this is well known by the "old-timers", but unknown to those that are "green". The old-timers know that if you complain to the prison guards they will use it as an excuse to shakedown everyone's cells, lockdown the compound, and create new rules to protect you. There was always tension during "townhall" meetings, with the old timers telling the newbies to shut up and don't ask any questions. The more we minded our own business the more the guards minded theirs.
Once you've been to prison it becomes obvious that so called freedom is just a co-ed minimum security work camp... Until you get to the border.
We shall overcome, the smartest people are developing the technology that will make the old system unnecessary, they are to smart to think obeying authority is rational. The system will continue to be infiltrated by people who don't believe in it. Leaks will keep leaking until the legacy system sinks.
Aaron, I agree. We want less government. We want more freedoms which means more responsibility and more work. But it is better that way. I do not like Soros. I want less regulations and less taxes. I want to choose my doctor. I want to do what I want to do on my own land. I love crypto and Steemit.
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Yes, we live in jail, in the Matrix, the Truman Show. We are getting out. We are trying to get out. We are taking red pills. We are going for Brave Heart Freedom.
"And yet we have what purports, or professes, or is claimed, to be a contract—the Constitution—made eighty years ago, by men who are now all dead, and who never had any power to bind us, but which (it is claimed) has nevertheless bound three generations of men, consisting of many millions, and which (it is claimed) will be binding upon all the millions that are to come; but which nobody ever signed, sealed, delivered, witnessed, or acknowledged; and which few persons, compared with the whole number that are claimed to be bound by it, have ever read, or even seen, or ever will read, or see." - Lysander spooner in no treason: the Constitution of no authority. It's a crazy concept. I love the Constitution , but it's not working like it was intended to. And all this regulation talk is probably more bad regulation then good. That's how the government always does it!
We got to reduce regulations.