Central banking, which is a tenet of communism and a scheme to impoverish the many to benefit a few, is one of the evilest, most pernicious and rapacious entities on Earth.So, when a member of the German central bank, Bundesbank, warned against buying bitcoin I almost choked on my wiener schnitzel… Having a central bank warn against buying bitcoin is like a rapist warning you that sex with your spouse isn’t as exciting as when he rapes you.Yes, we know… and that’s why most people prefer not getting raped… and why we prefer bitcoin over any central banking scrip.Here is what Carl-Ludwig Thiele, a Bundesbank board member said: “Bitcoin is a means of exchange which is not issued by a central bank, but by unidentified actors.I do not see it as a currency.If you think Bitcoin would be as safe as the euro or the dollar, you have to take responsibility for it.We can only warn people not to use the bitcoin to preserve purchasing power.” It comes as the height of arrogance to warn now, with bitcoin at all-time highs near $1,800, that bitcoin is a bad currency to “preserve purchasing power.” If you had bought $1000 USD worth of bitcoin back in 2011 at $3, it would now be worth roughly $566,000.

If you had $1,000 USD in 2011, it would still be “worth” $1,000, but that $1,000 would only buy about $913 worth of goods.And that is when calculating the depreciation with the government’s own CPI index of 1.34% per year which has no bearing on reality.It is much higher than that.If you had bought $1000 USD worth of euros in 2011, you’d now have $859 worth of euros considering the January 2011 USD exchange rate of .748 Euro per dollar.litecoin card performanceSo, with dollars, you would have lost roughly 1.34% per year due to inflation and with euros, you lost a whopping 5% due to the drop in the value of the euro and even more if inflation is considered.bitcoin conference dallasAnd, with bitcoin, your purchasing power increased by 56,500%.bitcoin kurs 2009

So, clearly, you can see why the German central bank is warning against holding bitcoin.Because if everyone held bitcoin we’d all be rich and there would be no German central bank for Carl-Ludwig, that Keynesian communist, to “work” at.Let’s compare bitcoin to central bank issued fiat currency to show further how ludicrous Thiel’s statement is: Minimum wage protests continue because people are finding that the central bank’s inflation has made it so they can barely afford to eat anymore.legit bitcoin mining contractsMeanwhile, the value of bitcoin continues to increase.ethereum chrome pluginHad everyone had bitcoin for the last few years there’d be no poverty and no strife.bitcoin price 1700We suggest you ignore anything that the government, central banks and mainstream media tell you.

All three of them are centralized and archaic and are in the midst of being washed away by a new paradigm of non-violent, decentralized systems of which bitcoin is one.Most of the world hasn’t realized this evolution is in process, though, so you can still get in and well-positioned before the crowd and potentially realize a fortune for doing so.You can get access to our book, Bitcoin Basics, and our newsletter that covers this ongoing paradigm shift here.I’ll wager with Carl-Ludwig Thiele that bitcoin outlasts both the US dollar and the euro.In fact, I’ve predicated my life’s work around it here at The Dollar Vigilante.Central banking is so 20th century.It’s time people like Carl-Ludwig Thiele disappear.In fact, why is the Bundesbank even still around?It essentially does nothing now that the counterfeiting power and interest rate market manipulation are committed by the European Central Bank.Poor Carl-Ludwig, he doesn’t even know he is already obsolete.The President Who Created the CIA Came to Regret It … Said the CIA Was a “Government All Its Own” Which Was Destroying Democracy … “Something the Founding Fathers Didn’t Have In Mind” President Truman created the CIA.

He explained that it was solely an attempt to consolidate intelligence from many different intelligence agencies (page 285): I needed … the President needed at that time a central organization that would bring all the various intelligence reports we were getting in those days, and there must have been a dozen of them, maybe more, bring them all into one organization so that the President would get one report on what was going on in various parts of the world.Now that made sense, and that’s why I went ahead and set up what they called the Central Intelligence Agency.But in the 1970s, he told his biographer, Merle Miller (page 285): I think [creation of the CIA] was a mistake.And if I’d know what was going to happen, I never would have done it.*** Why, they’ve got an organization over there in Virginia now that is practically the equal of the Pentagon in many ways.And I think I’ve told you, one Pentagon is one too many.Now, as nearly as I can make out, those fellows in the CIA don’t just report on wars and the like, they go out and make their own, and there’s nobody to keep track of what they’re up to.

They spend billions of dollars on stirring up trouble so they’ll have something to report on.They’ve become … it’s become a government all of its own and all secret.They don’t have to account to anybody.That’s a very dangerous thing in a democratic society, and it’s got to be put a stop to.The people have got a right to know what those birds are up to.And if I was back in the White House, people would know.You see, the way a free government works, there’s got to be a housecleaning every now and again, and I don’t care what branch of the government is involved.Somebody has to keep an eye on things.And when you can’t do any housecleaning because everything that goes on is a damn secret, why, then we’re on our way to something the Founding Fathers didn’t have in mind.Secrecy and a free, democratic government don’t mix.And if what happened at the Bay of Pigs doesn’t prove that, I don’t know what does.You have got to keep an eye on the military at all times, and it doesn’t matter whether it’s the birds in the Pentagon or the birds in the CIA.

Similarly, President Kennedy said he wanted “to splinter the CIA in a thousand pieces and scatter it to the winds”.But he was assassinated a month later.Hat tip to Jeff Deist.This entry was posted in Uncategorized.Donate Recent Posts Russia Hacking Allegations Driven By a Serial Liar How America Armed Terrorists in Syria You’ll Never Guess What Losing Democrats All Have in Common Smoking Gun Proof that Russia Hacked the Entire World Automation’s Destruction of Jobs: You Ain’t Seen Nothing Yet We’re in a Boiling-Point Crisis of Exploitive Elites “New Chemical Attack In Syria Crosses ‘Red Line’ OR U.S.Crosses Its Own ‘Red Line’ In Syria Russia-gate Flops as Democrats’ Golden Ticket The Reason Behind the U.S.Government’s Secret Hatred of Europeans Illinois Governor: “We’re Like a Banana Republic” Talk Nation Radio: Ray McGovern on Russia and Syria Putin: U.S.Routinely Meddles in Russian and Other Nations’ Elections Nobody Wants Trump in Office More Than Democrats Russia Announces No-Fly Zone in Syria — War Against U.S.

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