Bitcoin is Not the Answer: It Creates a New Problem

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Your money has a value set by outsiders. It is one reason why rent, mortgages, food and gas prices are high. Just in the past 15 years the value of the United States dollar has dropped between 25-30%. And it’s why so many are demanding an increased minimum wage. Don’t believe me? Google inflation calculator and plug in the numbers.

Money is not a bad thing. It makes trade a LOT easier. Money isn’t the problem…the people who control the value of that money are the problem. Please watch the mini documentary called “The American Dream By The Provocateur Network” below and then come back to read the rest of this article. While you’re at it, spread that link on your social media pages. Everyone should have an understanding of how this whole money supply thing works.

You’ve watched “The American Dream By The Provocateur Network”? OK, good. If not, your loss. It’s seriously a great video. Anyway, there is a way to stop the devaluation of our hard earned money. That way is to stop trading Federal Reserve Notes and convert them into alternative currency. Bitcoin is one currency – but one that I cannot personally recommend. Its value is way too volatile…one day it’s worth $1.00 and the next it’s worth $0.80. Not good.
For too many years we have been jerked around by government and bank forces. Ever since the gold standard was abolished by president FDR in 1933 things have been this way. A little history lesson, courtesy of the History Channel:

“On April 5, 1933, Roosevelt ordered all gold coins and gold certificates in denominations of more than $100 turned in for other money. It required all persons to deliver all gold coin, gold bullion and gold certificates owned by them to the Federal Reserve by May 1 for the set price of $20.67 per ounce. By May 10, the government had taken in $300 million of gold coin and $470 million of gold certificates. Two months later, a joint resolution of Congress abrogated the gold clauses in many public and private obligations that required the debtor to repay the creditor in gold dollars of the same weight and fineness as those borrowed. In 1934, the government price of gold was increased to $35 per ounce, effectively increasing the gold on the Federal Reserve’s balance sheets by 69 percent. This increase in assets allowed the Federal Reserve to further inflate the money supply.”

Those 1933 chumps knew exactly what they were doing. They were the real mafia. Gold held a finite value because there is only so much gold metal on earth. Scientists call it Au-197. By getting off the gold standard the United States government, via the Mint and Federal Reserve Bank, could print as much money as they wanted. This gave them control of the value of the dollar. Heck, quarters up until 1965 contained 90% silver. And up until 1981 pennies contained 95% copper. Those coins held real value with scarce metals, but that hasn’t been the case for a very long time.

The gold standard was completely abandoned on August 15, 1971 by Nixon. According to the inflation calculator, “What cost $1.00 in 1971 would cost $5.77 in 2014.”

That’s an 83% decrease in value within a period of only 43 years! Think about that for second and then tell me fiat currency is the way we as people living on the land known as the United States should continue going forward.

It’s time we all converted our money to a currency that is outside of government control. Instead of marches held in the streets to raise the minimum wage there should be marches in the streets calling for people to convert their money to a system that is outside government perversion. The problem is, I don’t know which system that is. Bitcoin is not the answer. As much as Libertarian oriented web sites and podcasts try to shove it down our throats, people who look past the glossy surface see the dirty underbelly. Bitcoin is more volatile than the Federal Reserve Note. It is like buying company stocks.

Do you know the solution to the fiat currency problem? Comment below or on the Punk Rock Libertarians’ Facebook page.

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Adam Reuter is a freelance videographer, photographer, audio engineer and writer. He produces videos at http://www.youtube.com/RealHomeRecording and http://www.youtube.com/areuter727 . He currently has three television pilots in production and three in development.