BITCOIN Your Way to Wealth and Power

BITCOIN Your Way to Wealth and Power

Tor, Silk Road, BITCOIN Reveal How to Get PRIVATE MONEY and KEEP It
Copyright © 19 August 2011by Bob Hurt. All Rights Reserved.

Crummey Money

Article I Section 10 of the US Constitution provides that "No
State shall make any Thing but gold and silver Coin aTender
i n Payment of Debts."

You might not have noticed, but state governments ignore
that mandate because the US Congress declared the US
Dollar in theform of Federal Reserve Notes (FRNs) legal
tender in spite of the fact that you cannot redeem them for
gold or silver coin, and government does not any longer
circulate gold or si Iver coins nor coi ns containi ng gold or si Iver, except
numismatically. Why don't people use those numismatic gold and si Iver coins for
commerce? See this blog entry . There I explain that the courts interpret any dollar as
merely a dollar. That is, a si Iver eagle dollar equals a federal reserve note dollar
officially, according to the U.S. 5th Circuit Court of Appeal ruling in Crummy v Klein .

Why does this matter? Because incessant deficit

spendi ng by Congress and bloati ng the money

supply by the Federal Reserve (which injected $16

trillion into the economy through loans to foreign

and domestic banks si nee 2007) over the decades

has diminished the value of F RN s to a fracti on of

thevalueof a Silver Eagle. TodayaFRN dollar hasa

valueonly]/42of a Si Iver Eagle's value, if you can

even find a Si Iver Eagle to buy. Six years ago the FRN had a value]/ 5 of the Si Iver

Eagle's value. That meanstheFRN dollar has suffered a 950% devaluation because of

the Congressional spending and the Fed. Government and Bank-authored bailouts have

destroyed our currency value, and that has destroyed equity in homes and thevalueof

savings, leaving America and Americans brokeand largely devoid of their "nest eggs."

You might recall that the US dollar (FRN) has no gold or silver backing. That means you
cannot redeem it for gold or silver at a Federal Reserve Bank or the US Treasury. You
can redeem it for "lawful money" in theform of pennies, nickels, dimes, quarters, and

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half dollars. A penny weighs 2.5 grams, about ]/10
ounce, so an ounce of pennies will cost you ten
cents, or you could get ten ounces for a dollar or 10
pounds for $16.00 (FRN). Scrap copper sel Is for
$40 per ten pounds. So you can easily double your
money by buying pennies and sel I i ng them to scrap
copper buyers.

Except for one problem. The US Mint doesn't make
pennies from copper any more. It makes them from
copper-clad (2.5%) zinc, and scrap zinc goes for
only $la pound. And it makes a nickel from 25% nickel and the rest copper. So 10
pounds of pennies only has a scrap value of $10.40, only 65% of the cost of the pennies.
Nickel at $10 a pound puts the scrap value of US minted nickel coins at $85 for 10
pounds. Nickels weigh 5 grams, so 907 of them weigh 10 pounds and at a nickel each,
cost $45. Again, it makes no sense to buy them and sell them as scrap.

Thus, the U S M i nt conti nual ly adj usts the metal content of our coi ns to make them
worth I ess than the scrap val ue of the metal they contain. And, we simply cannot beat
inflation by saving US money, except by buying minted gold and silver.US coins. Unless
we own shares in a mine, we're fucked financially. Thankyou, Congress.

I see one bright spot only. You can use the disparity of the FRN dollar value to the Silver
Eagledollar value to your advantagein only one way that I know of. Do all of your
sel ling transactions in US minted gold and silver coins and declare the face value of
those coins on your income tax forms as taxable income. Do all of your buying
transactions in FRNs, and use their face value on your income tax forms as tax
deductions. Then go ahead and sign up for welfare and food stamps because you'll
qualify.

For more on US money, watch this interview of H arvard- educated law scholar Dr.
Edwin Vieira.

Debt and the Money Supply

The chart that fol lows shows the effect of i nflati ng the money supply with deficit
spending and low cost gifts or loans by the FED and Congress to bail out the financial
industry and its insurers. As dollars diminish in value, each dollar injected into the
economy through debt (spending above income) results in fewer jobs and less
productivity than previously. This causes a decline in the GDP unless money issuers
inject proportionately more money into the economy through debt.

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In other words, borrowed money produces ever fewer jobs than earned money does
unti I money i njection reaches the point of debt saturation. After that, every dol lar
i njected i nto the economy causes increased loss of jobs.

For more on this, see Professor Antal Fekete's article on the Marginal Productivity of
Debt.

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Foreclosure Defense Scam and Financial Crisis

You might know that I have focused on mortgage foreclosure defense studies for the
past three years. As a consequence I have concl uded that most defense attorneys i n that
i ndustry cheat thei r cl i ents and commit mal practi ce by draggi ng out the forecl osure
when they should attack the appraisal fraud and other torts and contract breaches
underlying the mortgage.

I also learned that the forecl osure pandemic arose as a
consequence of decades of over-appraisi ng as realtors,
mortgage brokers, and sellers jacked realty prices ever
higher, claiming "market" value determines prices. They
refuse to acknowl edge today that they engage i n pri ce
gougi ng, even though foreclosure auctions bri ng ]/ 5 to V 6
of the 2005 house price. Mortgage brokers refuse to admit
that they routinely falsified family income, elevating it to make prospective unqualified

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BITCOIN Your Way to Wealth and Power

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home buyers seem fi nanci al ly worthy. As a consequence of these cri mes, predatory
lending collapsed the realty prices, destroyed homeowner equity, caused massivejob
loss broadly across America and throughout the Western world, and precipitated
tri 1 1 i ons of dol I ars i n bai I outs of i nsurance and banki ng corporati ons by Congress and
the Federal Reserve.

Worst of all, government encouraged the misdeeds that caused the cri sis. You might
recall the efforts of Bill Clinton and George W Bush to ensure that everyone gets a
house. If you don't, read the Financial Crisis I nquiry Commission 's Report .

The Crucial Importance of Virtual Currency

So you see that the US Government caused and continues to cause the destruction of the
value of money and real estate holdings. And that destruction of money forces state
governments to viol ate the US Constitution's mandate to use gold and si Iver coin as legal
tender for payi ng debts. Thus lawlessness seems to have become law.

Pundits claim that the productivity of the American People back the Federal Reserve
Notes, the universal medium of exchange in the USA. Wikipedia's article, linked above,
claims the assets of the Federal Reserve back it. In reality, si nee you cannot redeem it
for minerals equal to it in value, only the world's faith in it gives it the value people
perceive it as having. When the FED or government puts more into circulation, its value
goes down. It has the nature of FIAT currency, established by decree of Congress and
not by its i ntri nsi c val ue. You mi ght say it has no more val ue than the cost of paper,
printing, and distribution.

So, naturally, people have lost faith in government as creator and manager of
money. And people increasingly lose faith in theUS Dollar because Congress and
the Bureau of Public Debt have borrowed Ameri ca i nto obi i vi on, i nf I ati ng the money
supply, and deflating the value of the dollar.. How could Monopoly (the game) money
disappoint the people more than FRNshave?

Stop and think how the foregoing realities affect your life and prosperity, and your plans
for future prosperity, col lege for the kids, and your retirement. If money becomes worth
ever less, how do you benefit from savi ng it i n a bank account? I f your money
diminishes in value the longer you save it in abankoraratholein your wall, how should
you i nvest it so you can watch it grow from i nterest or usage earni ngs? I f government
agents or other thieves can rob your physical mineral wealth from a bank vault or safety
deposit box, where can you hide it for safekeepi ng? H ow can you become the master
instead of the slave, financially when you remain hog-tied to a failing currency and the
i mpossi bi I ity of defendi ng physi cal wealth?

BITCOIN Your Way to Wealth and Power Page 4

Why shouldn't the people resort to creati ng and usi ng thei r own currency that has
nothing backing it but its own scarcity and buying power? And si nee government has
not yet managed totally to invade cyberspace, why shouldn't the people develop and use
a virtual currency in cyberspace? Why shouldn't people develop a way to prevent the
I RS and other government agencies from knowing every financial transaction the people
make, so as to tax the peopl e i nto i nto the hel I of poverty, dependency, economi c
micromanagement, and financial slavery to filthy rich ban king families?

Good questions.

Answer: People have done precisely that, as I explain in the following paragraphs.

Private Money - Three Items for Your Radar:

1 TOR - this universal anonymity service lets you browse
without others capturi ng your I P address. I nstal lation? Uber-
einfach. J ust download, unpack to USB or hard drive, run TOR, then
browse with Firefox portable. Its portability lets you browse without
detection or traces on any PC.

• GET IT AND USE IT from https://www.torproject.org

• Whv -

• Where -

• Who-

2. Si I k Road - a USE of TOR for drug
trafficking. Yeah, I know, we don't use drugs. But,
forewarned =forearmed. Drug traffickers' safe and
continued use of TOR proves that you Whistleblowersand
political activists may safely use it. I know you don't want to
buy illegal drugs. But maybe you want to seethe proof with
your own eyes, and not merely take my word for it. For
curiosity's sake and academic reasons only, you may contact
Silk Road through TOR, free from government's prying eyes
(you must install and browse through TOR).

• SeeSilk Road: http://ianxz6zefk72ulzz.onion/

• Thereyou will encounter a somewhat new currency symbol: ip. What does it
mean? It means BITCOIN.

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3. Bl rCOl N - a new virtual (digital) currency that
operates without government control or issue authority
(don't worry, control will soon arrive).

• With enough computer hardware and software you
can create BITCOI Ns, but normally you get them
i n trade, and you can actual ly buy drugs form them
on the SI LK ROAD above. I mention the drugs
only as an example of use.

• Bl TCOI N s operate si mi I arl y to QQ Coi ns . Tencent

rel eased QQ chat software over a decade ago, and i ssued di gital coi ns as awards
for gamers. Soon people started sel I i ng items on I i ne for QQ coi ns. Tencent
actually minted the coins and did over $800 million in business with them,
flouting Far East government efforts to crush the unauthorized virtual currency.

• Nowmany people have begun to trade BITCOI Ns. Expanding their use might
frustrate the I RS effort to steal Americans blind. So far, government has no clear
and easy way to track BITCOI N transactions to people. So if you earn a million
Bl TCOI N s, how wi 1 1 the I RS know? Who says attorneys and prostitutes can't
contract with clients for BITCOI NS?

Get your BITCOI N software: http://www.bitcoin.orci/

Read more

Recent happenings - Google BITCOI N for more blogs

Charts

Whereto buy BITCOI Ns

Bob Hurt's Highest Recommendation

RUN, don't walk, to invest in and use BITCOI Ns for your commerce; encourage others
to do so too. Sure, Bl TCOI N scan fail to provide stable value, but for the immediate
future they suffer from NO government intrusion, NO banking industry finagling, and
NO issue authority mismanagement. Furthermore, if you buy and employ enough
computing power, you can create your own BITCOI NS. Whilethathasan inflationary
effect, it also faces a limit - the number of BITCOI Ns possibly in circulation. This
guarantees increasing scarcity and therefore increasing demand as more people find out
about and start usi ng them.

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Go back and review what has happened with QQ coins and you will seethe power of
virtual money not managed by government. Then realize that not even a corporation
controlsthe issue of BITCOINs. Its value will remain driven by scarcity, increased
demand, and freedom from governmental interference.

Al so, for the ti me bei ng, use of TOR and other anonymity tool s ( I i ke PGP/ GPG for emai I ,
encryption tools for your drives, tiny, easy-to-hide M icro SD memory chi ps embeddable
in jewelry and common items I ike ball point pens) all make it easier for you to hide from
government's prying eyes while you engagein commerce and hide your assets with
relative secrecy and security.

Take note that every security tool stimulates greater efforts by hackers and government
snoops to discover details of your secret, private world. So it wi 1 1 pay you to educate
and arm yourself with knowledge and tools. Keep finding and using ever better ways to
increase and retain your privacy, wealth, and power.

li A

W ^H

Bob Hlirt Bloe* Email I

2460 Persian Drive #70 • Clearwater, FL 33763

USA

+1 (727) 669-5511

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