Restrictions Worldwide Show Why It’s Vital to Be Your Own Bank

Restrictions Worldwide Show Why It’s Vital to Be Your Own Bank By Graham Smith As capital controls and banking restrictions continue to affect various populations worldwide, standing in the way of individuals and their hard-earned savings, some are looking to safer options and even cryptocurrencies. Lebanon, Zimbabwe, and India are just a few of the countries to deal with centralized restrictions on access to money in recent times, but anyone that’s ever had to so much as wait in a long line at the bank knows that when it comes…

Read More

3 Major Signs That Precede the Fall of World Reserve Currencies

3 Major Signs That Precede the Fall of World Reserve Currencies By Graham Smith The story of reserve currencies is long and stretches far back into ancient times. As modern history shows, however, the average lifespan of fiat reserve assets is just around 100 years. This means that even the U.S. dollar’s period of dominance is probably nearing its end very soon, statistically speaking. But it’s not mere guesswork, as there are distinct patterns that emerge prior to the fall of any world reserve currency. In this exploration, three of…

Read More

Bad for Business: How KYC/AML Makes Everyone a “Terrorist”

Bad for Business: How KYC/AML Makes Everyone a “Terrorist” By Graham Smith Two reports from risk solutions group Lexisnexis assert that anti-money laundering (AML) and know your customer (KYC) policies can negatively affect a business’s bottom line and customer service significantly. A recent trip to the local post office for a money order certainly had a negative effect on my own experience, thanks to the same regulations, which make paying customers feel like they are suspected terrorists just for doing business. Everyone’s a Suspect A recent visit to my local…

Read More

Martial Law? Economic Turmoil in Hong Kong Escalates as Colonial-Era Law Is Imposed

Martial Law? Economic Turmoil in Hong Kong Escalates as Colonial-Era Law Is Imposed By Graham Smith Colonial-era law has been imposed in Hong Kong causing the economic situation to degrade further, with empty ATMs and bank runs becoming a new norm. Protesters and non-protesters alike fear the martial law-like ERO (Emergency Regulations Ordinance) could eventually grind the city’s financial activity to an unprecedented halt. Also Read: Protesters Wield Tools of Freedom as Hong Kong Imposes Dictatorship Imposition of Martial Law The ERO imposed as of October 4 is not viewed…

Read More

The White House Just Blamed Bitcoin for America’s Opioid Crisis

The White House Just Blamed Bitcoin for America’s Opioid Crisis By Graham Smith The opioid epidemic is the new devil Bitcoin is being blamed for inflaming, to be added to the already long list of heinous crimes crypto is supposedly responsible for, like terrorism, money laundering, and trafficking. While it’s painfully clear that the U.S. dollar is a much more common tool for these unethical and illicit activities, that doesn’t stop the powers that be from continuing their propagandistic assault on financial freedom — ignoring their own central role in…

Read More

Crypto Is Part of Free Speech, and Free Speech Is Everything

Crypto Is Part of Free Speech, and Free Speech Is Everything By Graham Smith On July 23, U.S. Attorney General William Barr gave a speech demanding big players in the tech industry work with government agencies in providing backdoor entry points for encrypted devices and software. Per his reasoning, certain devices and messaging services pose a safety threat by providing a secure, third-party-inaccessible area where crime can rapidly proliferate. He didn’t note that this “warrant-proof encryption” also protects journalists, researchers, and individuals in areas of political unrest living under corrupt…

Read More

Sorry, I Don’t Want to Pay for More Bombs: Bitcoin as a Hedge Against Funding War

Sorry, I Don’t Want to Pay for More Bombs: Bitcoin as a Hedge Against Funding War By Graham Smith After nearly two decades of U.S.-led coalition bombs falling on the Middle East, peace in the region still has not been achieved. Now the United States is once again bolstering military forces, this time in Saudi Arabia. Meanwhile, taxpayers in multiple countries are being forced to pay for these ill-fated and unethical campaigns, with little to no say in the matter. Bitcoin and cryptocurrency provide a means, however, to store and…

Read More

The Myth of Authority: Mnuchin Denies USD Is Used Criminally

The Myth of Authority: Mnuchin Denies USD Is Used Criminally By Graham Smith U.S. Treasury Secretary Steven Mnuchin has once again weighed in on Bitcoin, claiming the U.S. dollar has not been used to finance “nefarious” activity on a recent episode of CNBC’s Squawk Box. Democratic House Representative Maxine Waters also dropped a tasty nugget of a soundbite as well, sharing her thoughts on “bitcom” and the need for regulation. Such blatant demonstrations of economic incompetence being so frequent recently, bitcoiners worldwide are left wondering about the nature of centralized…

Read More