2. Any monopoly is evil
- ALWAYS installed to provide advantages for a few at
costs of the society
- Always being missused
- “Controlling” a monopoly is always a fake
- Controllers always get corrupted by the same monopoly
- Monopoly always fights for its existance based on laws
- Thus one is a criminal if he fights the monopoly
3. Monopoly on money is the
Biggest Crime
Banking system is organized like a gang:
- A bench of criminal minds behind the structure
- Vertical hierarchy with highest bosses out of the reach
- Well paid dispensable puppets for dirty jobs
- Joining the gang is insurmountable
- Joined the gang? Abide to its laws forever or be killed
- Catched in crime? Only puppets are persecuted
4. Monopoly on money is the
Biggest Crime, but made legal !
- Issue uncovered and transferable IOUs – illegal for the
rest of the world
- All of rest are enforced to use this fake money
- Manipulate markets on global scale
- Buy all assets in the world with self-printed money
- Produce and let bubbles burst, earning money on crises
=> redistribution of wealth + seizure of power
5. Just a small example:
Fed made more than 16 trillion $ in loans to the big banks
during this financial crisis
PARTNERS IN CRIME:
Do they really need our tax money to bail out? Bad joke
Citigroup - $2.513 trillion
Morgan Stanley - $2.041 trillion
Merrill Lynch - $1.949 trillion
Bank of America - $1.344 trillion
Barclays PLC - $868 billion
Bear Sterns - $853 billion
Goldman Sachs - $814 billion
Royal Bank of Scotland - $541 billion
JP Morgan Chase - $391 billion
Deutsche Bank - $354 billion
UBS - $287 billion
Credit Suisse - $262 billion
Lehman Brothers - $183 billion
Bank of Scotland - $181 billion
BNP Paribas - $175 billion
Wells Fargo - $159 billion
Dexia - $159 billion
Wachovia - $142 billion
Dresdner Bank - $135 billion
Societe Generale - $124 billion
All Other “Borrowers" - $2.639 trillion
6. Monopoly on money is the
Biggest Crime. But we tolerate ?
- Financing wars and virtually all other criminal activity
- Enslaving individuals and businesses with uncovered
credit only they may issue
- Enslaving countries with debt - define fiscal, social,
investment, foreign and other polices of the state
- Banks openly write laws and let them pass on all levels
- Financing “helpful” political parties and politicians
=> reinforce the non-accountable monopoly by all means
7. Monopoly on money is the
Biggest Crime. Allowed by law !
“The easiest and most straightforward way to create a
monopoly is to simply write the monopoly into law.”
Very simple trick baked in laws of virtually any country in
the world:
- An IOU issued by you is in fact YOUR OWN MONEY
- But it is forbidden by every law to make it transferable
- Cause in this case it's a currency
That's only allowed to the private monopoly by law
8. Any ideas for change? You bet!
Main stream most heard alternatives:
1. Banking supervision
From now on being done by ECB. WTF!
Thanks to our “responsible” politicians.
2. State monopoly on money
You must be kidding! Zimbabwe everywhere?
3. Back to gold-covered central currency
Right! The next day gold will be nationalized.
You will not be the one who defines the exchange rate.
=> So, no hope ?
9. The Only Alternative:
total de-monopolization of money
Crashing the Monopoly on Money implies instituting the
following fundamental rights for every body:
1) The right to keep money in any form at any place,
not obligatory at a bank.
2) The right to organise money flows at will, not
obligatory through the banking system.
and the most important one:
3) The right to issue and use own money.
11. Guaranting the fundamental
freedom to issue own currency
Total de-monopolization of money issuance means NOT:
- tomorrow we'll have 1 trillion currencies
- impossible to facilitate transactions
- unbearable exchange costs
Total de-monopolization of money issuance means:
- ... well... no monopoly anymore
- competition of currencies – may the best win (for a while)
- decide to issue your own? take responsibility
- and yes, the tax system will change
BS
12. Now we have Bitcoin
Good for us!
- Real alternative to fiat currency
- Breaking the monopoly
- Independent from anybody
- Private
- Secure
What else would you wish ?
13. Usable as currency in our
complex economy ?
- all kinds of technical attacks
- vastly deflationary – only good for first movers
- mining – accelerating exorbitant waste of energy
- highly manipulatable exchange rate
- dependent on the Internet and huge calculational power
- backed by nothing but trust (resemblance of fiat)
but most important: useless for the Loan Mechanism
14. What Loan Mechanism ?!
- Loan – a promissory note to provide goods, services or
currency in defined period or on demand (IOU)
- Loan is backed by: 1) your assets, 2) your capabilities
- Loan you get (as a promiss of others) can be used to
make purchases to develop business – transferable
- Loan can be paid back in goods, services, currencies or
other loans – anything of value to the creditor
The Loan mechanism is the corner stone of our economy
15. Loan Mechanism must be free.
Too.
- Transfer of Promissory notes (IOUs) is forbidden,
except for private notes of central bankers
- Which means that neither you yourself may define the
economic value of your own labour, nor the market.
The central planner does it for you.
Wasn't that a definition of slavery ?
16. Bitcoin cannot be of any use for
the Loan mechanism
- One cannot use Bitcoin itself as a promissory note /
IOU
= like piece of gold
- Only as a security to the note
Without the ability to facilitate promissory notes transfer
and trade
the role of ANY digital currency is diminished to the role of
gold.
17. Bitcoin cannot be of any use for
the Loan mechanism
- Creditor: Why invest, i.e. take a risk, if my assets
grow in time anyway?
- Debtor: Why should I purchase goods/services for
my business now if in one year time I can
purchase much more?
No business can ever develop if the Loan mechanism, and
therewith our economy, is based on Bitcoin as currency
BTC = Gold, BTC ≠ Currency (IOU-note)
18. What than ?
- Instruments facilitating issuance and pay-back of
promissory notes / IOU contracts
- Tools allowing anybody to issue own digital currencies
- Anybody: individual, company, commune, collective, ...
good examples:
* open transactions
* opencoin.org
19. Tech. roadmap to de-slavement
1. Instruments for issuance and revocation of digital
currencies = IOUs:
- easy to use
- secure
- independent from the Internet or any central agency
- non-delving, no / little calculation power
2. Unit of account / administration tools
3. P2P and D2D secure transfer mechanisms
4. Exchange points and exchange networks tools
5. Instant payments / contract execution tools
