Crypto secures wealth by empowering people

Secularization is the process of converting a religious status into a non-religious status. In its use here, the word "religious" has no necessary connection with a deity. The word refers to the mystification of a thing in order to elevate it to the status of divine where it becomes indisputable.

Read also: The big lie perpetuated by central banks

Mystify the money

The state is hoax on overdrive. Past governments sanctified themselves by "the divine right of kings," according to which monarchs claimed to be chosen by God to reign. The rebellion against the king was therefore a rebellion against God himself. Contemporary states use more modern concepts such as "democracy" or "homeland" to justify their status. These concepts create feelings of fear and reverence, which further sanctify the state and discourage dissent.

The goal of the state is to encroach on the power and wealth of society, the productive sector.

Taxation is the most visible way to do this, but the ability of the state to issue DFIs as obligatory currencies is just as important, if not more important. However, to succeed, the state needs society to accept and use paper money. Some people will bow there for fear of being punished, but it is much more effective if society associates fiat with real wealth. If fiat can be mystified as legitimate, resistance is avoided.

Much of the legitimacy perceived by the fiat comes from its source – the state – because the state is always considered a legitimate authority. In addition, Fiat is cemented into society by means validated by the states, such as the laws on bids and the system of the Federal Reserve. "High finance" is removed from the average unlicensed and routed to jurisdictions such as the SEC and the central bank system. And, in the event that some still question them, academics and tax-free experts would provide the state with intellectual ammunition. Like court historians of the past who rewrote history to glorify their monarchs, the experts present complicated economic theories that support the state's monetary policy, using as much as possible the mathematical and obscure language.

As long as money is "created" by politicians, bureaucrats and experts, society and individuals will never control their own wealth – at least not in a sanctioned or secure way. Heresy, however, is growing. Call it private money or cryptocurrency, nothing is more heretical than free market money that the individual considers worthwhile for him.

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Free market money versus inflationary paper

The state calls the private money "the enemy". Crypto is new and moves like the wind. The state can not compete with it. the state does not even understand how to reproduce or regulate it. This is not likely to happen in the future, because blockchain-crypto is antagonistic to the mind and mode of the statist. Blockchain-crypto is the control by the individual of his own property according to his own judgment. It is the secularization of wealth.

The quickest way to accelerate the secularization of assets is to delegitimize the impact by exposing the intentional damage it has done to society and individuals. In 1963, the Austrian school economist Murray Rothbard wrote an influential book titled "What did the government do for our money?" (A defender of private money, Rothbard's use of the word "Our" is noteworthy.) The short book sheds light on the ideas of other thinkers of the Austrian school, such as Ludwig von Mises, who claimed that the money came spontaneously due to the need of individuals. to trade on a more complicated level than barter. Currency is a free market phenomenon that the state appropriates by force. Fiat and the free market are antithetical.

Rothbard's book explains one of the ways in which the market currency and competition can not coexist: inflation, by which the first beneficiaries of an increase in fiat money are enriched at the expense of the ultimate recipients for whom the currency has been depreciated. In short, the final recipient is stolen. Rothbard calls inflation "counterfeit" because it is a new money creation that relies only on the false sanctity of the state and its weapons fire. But even the state can not prevent its paper currency from losing value. Rothbard writes:

"Suppose the economy has 10,000 ounces of gold and the counterfeiters (the state) … pump in 2000 more" ounces ". what will be the consequences? First, counterfeiters (the state) will clearly gain. They take the newly created money and use it to buy goods and services. In the words of the famous New York caricature, showing a group of counterfeiters who contemplate their work soberly: "Retail spending is about to have a boost." Indeed, local expenditures have their say … When the new currency is spreading, it drives up prices – as we have seen, the new currency can only dilute the effectiveness of each dollar. But this dilution takes time and is therefore unequal; in the meantime, some people win and others lose … The first recipients of the new currency earn the most and at the expense of the last recipients. Inflation therefore confers no general social advantage; instead, it redistributes wealth in favor of first-comers and at the expense of laggards in the race. "

Describing inflation as a "counterfeit" is a charming departure from the usual legitimacy accorded to FIAT; this well reflects inflation as theft and the illegitimate state.

Most people understand the effect of direct inflation on prices because they see their own cost of living increase. But other more subtle effects are also disastrous. One of them is a market distortion that Rothbard calls a "keystone of our economy: the business calculation". This calculation is done when a company compares the cost of operation to the expected demand from customers. The calculation is one of the main cost-benefit analyzes without which the free market can not function well. The impact of a disabling business calculation is however rarely noted.

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Inflation distorts critical economic calculations

Since prices do not all change in a uniform manner and at the same speed, it is very difficult for companies to separate the sustainable system from the transitional system and to truly assess consumer demand or the cost of their operations. . For example, accounting practice enters the "cost" of an asset to the amount paid by the company. But if inflation comes in, the cost of replacing the asset will be much higher than that recorded in the books. As a result, corporate accounting will seriously overexploit earnings in times of inflation and may even consume capital while likely increasing its investments. In the same way, stockholders and real estate holders will acquire capital gains during an inflation that are not really "gains". But they can spend a portion of these gains without realizing that they are thus consuming their initial capital.

The illusory profits "also suspend the free market, which penalizes inefficient and efficient enterprises." Similarly, inflation distorts people's personal lives by punishing economic virtues such as the economy. If 100 dollars borrowed today can be repaid tomorrow with money whose value is lower, at least three consequences are likely to follow. People will agree to borrow rather than save. They will spend the money they borrow or earn; "People will say," I will buy now, even if the prices are high, because if I wait, the prices will increase again ". As a result, the demand for money is now decreasing and prices are rising more, proportionately, than the increase in the money supply. Lenders have their hands tight.

The state is generally attacking this "scarcity of money" by relaunching the print press and the inflation cycle continues. At one point, the entire FTI system begins to collapse and individuals – even those who tend to obey – seek alternative currencies or reserves of value. At this point, the vernis of holiness of the state also begins to crack. To maintain its monetary hold, it must either prohibit alternatives or control them. However, one or the other tactic is dangerous. Just as the legitimation of the state makes individuals obey, the blatant misuse of power compels them to resist.

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Leave the church of money based on strength

The best time to resist and demand financial freedom is here and now before the system moves away from the rails. Rebellion occurs when a link of at least three factors occurs.

The first is when people fully understand the monetary scam committed by the state. In this business, what did the government do with our money? is priceless.

The second factor is the moment when they realize that the state and society can not coexist peacefully. The state destroys any value in society, such as voluntary exchange, respect for rights and a reputation based on honesty. The fight against the monetary state is not opposed to a politician or a public policy like inflation. The question is deeper. The battle is against a flawless tolerance of state aggression. The 18thAnarchist William Godwin emphasized the human importance of rejecting aggression. "Strength is an expedient whose use must be deplored. It is contrary to the intellect, which can only be improved by conviction and persuasion. Violence corrupts the man who uses it and the man on whom it is used. If Godwin is right, as I believe, sanctifying the state is then an act of inhumanity.

The third factor of this link is the existence of practical alternatives to the fiat. Without alternative forms of money and free market wealth, those who defend financial freedom can very easily become martyrs crushed by the state. And religions have already produced enough.

What are your thoughts on "church" money trust? Let us know in the comments section below.

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Tags in this story

Austrian Economy, Cryptocurrency, Economy, Federal Reserve, Fiat, Free Market, Government, Inflation, Murray Rothbard, Stateism, Volunteering

Wendy McElroy

Wendy McElroy is a Canadian individualistic anarchist and feminist individualist. Co-founder of the Voluntaryist and the Modern Movement in 1982, she is the author of more than a dozen books, scripted dozens of documentaries, worked for several years for FOX News, and authored hundreds of publications. articles in periodicals ranging from scholarly journals to Penthouse. She has been a vocal advocate of WikiLeaks and its leader Julian Assange.

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