The Reappropriation of Our Economic System

What we have been taught about money and the economic system is little more than a collection of lies, and propaganda shoved down our throats at the point of a knife. Our economy is far from being fair, or free; and we are exploited by the whims of capitalist whom have received the seal of approve from all governments. The financialization of the economy by the state started with the creation of the Federal Reserve, and finalized with the abandonment of the gold standard. This was the beginning of the end of money having independent value from governments. When governments of the world discovered at Bretton Woods that they could simply end the convertibility of gold, and all governments could move forwards with only fiat money they were exuberant. This removed the greatest check on government power that has ever exist: the power of the purse.

To Smash the Chains

The legacy of capitalism is deep, profound, and all encompassing within our society. The reification of everything by capitalism has left no stone unturned, and has sucked every facet of life into the economic sphere. This is not the capitalism that Smith and Ricardo understood; but a distorted, anti-human Deus ex Machina careening toward the destruction of both humanity and Earth. This greatest evidence of this is in the near complete and total environmental destruction that we have experiences all over the world with the sixth great extinction of species from this planet. Indiscriminate of nationality, race, or origin; our oceans, skies, water, and land has all been polluted and raped by the powers that be. The very governments that were empowered with protecting our sacred rights were overthrown by capitalist gangsters; thugs in suits who auctioned everything off for a meager thirty pieces of silver.

The issue is not with the capitalists who only know corruption and theft–this should be expect from them most of all! The issue is with the state, politics, and the corruption that has enveloped all aspects of our social spheres. This system is corrupted and festering to the core; it cannot be saved, nor should it. The men of politics who hold themselves in such high esteem for being the negotiators of the prostitute our political system are the very ones that hold us down to be raped and used, again, and again by the capitalist machine. Our cries of consanguinity are never heard; we are little more than objects to be tolerated by them, while they exploit us to our deaths. If we are to be liberated, and free, as we were promised by our forefathers and the constitutions that govern us, than we must smash the chains of economic enslavement which we keeps us tethered to the destructive machine that we call capitalism.

To Break a Monetary System

We must harness the power of markets and entrepreneurship for the good of all, while dividing ourselves from the parasitic nature of capitalism. We must rip power away from a corrupt state which empowers a very small, exclusive class of people to the right of destroying the world of tomorrow, for a collection of trinkets today. If we are to ensure that we have something to offer to our children other than imprisonment, and a burned Earth, than we must choose to end this system of abuse now, today, and permanently.

This can be done. We have the means to break this totalitarian socio-political-economic system of the old world, and usher in a new era of global development outside of the hands of both the state, and capitalism. We can reappropriate our respective national monetary systems, for new, independent digital ones. Through this single action alone–through the reclamation of our economic power–we shall create a domino effect that shall ripple throughout the economic, political, and social structures of the world. Through using an independent money whose control and power comes from outside of the state, people can reappropriate their economic power for themselves. This will come at the direct expense of the state and capitalist who bleed us like the vampires and leeches they are. By breaking the monopolistic control of the means of exchange by the state, we shall expropriated the system of exchange, and the means of exchange itself back to its rightful owners: the general public.

We see the corruption of their system. Beneath the shimmering veneer of capitalism’s accomplishments and supposed progress, lay the untold billions of shatter lives. At its base we see that the law is nothing more that offical violence–state sanctioned terrorism with propaganda from a capitalist third estate. To fight their violence we must use the most powerful weapon at our disposal to rid ourselves of this barbaric system:

Non-violent, direct economic action

Through simply using another form of money, we banish the violence and vicious fist of the state from the economic power that each one of us generates. No longer would the state have the ability to rob us, nor would they be able to fund their crimes, or continue their corrupt regimes. To cripple the monetary system would strike at the very heart of the corrupt state-capitalist machine, and would cause for it to come to a grinding hault.

International Money for All

Each state is invested into its own system of governance, money, and taxes so that the small powerful elite can rule over all for their own pleasure. They keep their power not through democratic means, but through oppression, division, regulations, controls, taxes, boarders, prisons, levies, and so much more. This is not for protection of the masses, but their oppression. This is not create justice, but to maintain injustice. Governments create these artificial rules and regulations so that they may steal from their people, and keep them divide and silent. We must see their petty tactics for what they are, and see the magnitudes of our own strength which we have in our numbers.

For the first time in human history we can smash these artificial boundaries and false consciousnesses of nationality and statism, and find solidarity in working together through simple rejecting their corrupt economic and political systems. There are billions of people across the global that create trillions of dollars of economic wealth each year; and yet these very same people live a life of poverty and insecurity from the exploitation they face. Through creating a new popular front against capitalist exploitation under the guise of the state, we can create a new economic and political movement that can break the bonds of debt that have enslaved us.

Using digital currencies as a political action, we can reappropriate our economic wealth away from the hands of corrupt politicians and their capitalist allies, while create a revolutionary new way forward. This single action alone can ensure that we will no longer be enslaved to the same system of debt bondage that has created the conditions of the world today. Together, as a single unite body of free people, we can banish the last vestiges of slavery from this planet for all history moving forward.

The crux of power within this system is control of the economy. This control is exerted through the monopolization of the object of exchange: Money. Governments steal fragments of the wealth from each and every person on this planet through taxation and inflation, while also give themselves the power to punish with legal violence and death to anyone who opposes this monopoly. The minders of this monopolies are the capitalist banksters, thugs who strut about in fine suits with no shame of their avarice, or the blood that taints their money. Through the direct expropriation of the system that benefits only the 1% at the expense of everyone else, we will create better conditions for the great tide of all.

International Direct Economic Action

We do not seek to create a party or to organize with titles and salutations; we simply demand direct action. We understand the most significant action we can take is to refuse to participate within the old economic system, while building our own independent one. Through boycotting fiat money and using digital currencies instead, we create a dual power of both economic boycott from the current system, and economic solidarity with the new emerging one.

This new system of exchange is not based upon the false nationalities that have been assigned to us, but upon the permanence of mathematics that applies to all of us. It is a form of money that is inclusive of all peoples, regardless of whatever oppressive state one may be forced to live under. Most of all, bitcoin is a form of exchange that is outside of the control of both statist scum, and capitalist pigs. It is a totally new form of money upon which we can build a new system of exchange, and an independent economic system. If we are ever to liberate ourselves from the chains of capitalism, and the impressment of debt, then building a new and independent economic outside of their control is the only way that we can move forward.

Bitcoin and other digital currencies can be the tools upon which we build this great new economic and monetary union–but only if people are willing to learn and participate. We know that there is a deep people problem with bitcoin, and that we will need to educate and agitate if we are to create a real and substantial change. This is the start of the global economic revolution that will smash down the artificial boarders that separate us, and will economically unite us against our respective oppressors. Bitcoin is the new economic Popular Front against the exploitation of capitalist, and enslavement from tyrannical state governments around the world.

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Next: Bitcoin, Economic Resistance, and Justice

Bitcoin: A Utopian Response to Nightmare Capitalism

I recently ran across this piece, “Bitcoin: utopian reflection of a capitalist nightmare” on Marxist.org. Upon reading it I felt deeply saddened that comrades in the struggle against capitalism could be so misled from the facts of what bitcoin is, and how it is the most powerful tool we have ever had to fight capitalism. Sadly, the author lacked the technical understand of bitcoin, which has allowed for him to write bitcoin off as having flaws that are not actually there. I will take this opportunity to respond to this erroneous essay with many inaccuracies, and offer an explanation for why marxist of all colors should radically embrace digital currencies, and organize around them.

Bitcoin as a Currency

First and foremost, we need to dispel the myth of what bitcoin is, and is not. Bitcoin is a commodity money. It is disingenuous to state that it is backed by nothing when there is a very real energy cost that it takes to create each new block of bitcoin’s blockchain. What makes bitcoin just like gold coins, silver bars, oil barrels, or cigarette cartons is that these are all commodities which are very uniform, have a commodity use-value, and a standard count or measure, which in-turn creates an exchange value. This exchange value is separate from the commodity value, and creates its additional value through ease of exchange. This ease of exchange and measure is what makes these commodities special: they are commodity-monies.

The commodity value of bitcoin comes from the real physical electrical energy that must be spent in order to create bitcoins. For each block of bitcoin that has been mined, there is an explicit amount of electrical energy that it took to create that new block reward of bitcoin. Bitcoin is not just a currency, but it is a commodity money, and a fully self-contained payment and storage of value system that needs no third party arbitrators because of the real commodity value that is imbued into bitcoin.

Means of Exchange

It is important to note that like other commodity monies bitcoin also has a concentration of socially necessary labour time. It does this in a two ways through having both a commodity value, and a use-value via exchange. The explicit electrical cost to ‘mine’ bitcoin creates the base commodity value of bitcoin. The use-value of bitcoin is created through the divisibility of value, ease of exchange, and advanced security of bitcoin. These features allow for bitcoin to act as a universal equivalent in which the value of all other commodities can be measured, while offer a total security that no fiat money, or other commodity can ever offer. What sets bitcoin apart from all other commodity monies is that it is impossible to seize bitcoin if they are stored properly.

All other commodity monies and forms of wealth throughout all of history have been perpetually seized by force–stealing under the banner of government is as old as society itself.

In the United States executive order 6102 was issued in 1933 to allow for the US government to seize all gold on deposit in US banks. This was the start of the global government scam to make the storage of value that money was, into an ever inflating debt bubble backed only by the force of government. This is what allow for the financing of the great wars of the 20th century, and for the great extension of transglobal imperialism under the banner of capitalism and democracy. Never has so much been taken by so few, with such a great cost to the whole of society.

Money now only exist as government issued debt tokens. The whole modern economic machine hinges on people using and exchange these ever-inflating government tokens in order for them to keep their value, as there is no commodity value–only exchange value by the decree of law. This is especially true for the United States Dollar, which due to its exorbitant economic privilege allows for it to continually expand its money supply dramatically, while having it sucked up by other nation-states which have struggled to issue their own currency, so they use the USD. Money is no longer a social agreement, but an imperialist tool that governments and corporations alike have forced on to their populous.

We must understand that state-issued currencies are the objects that allow for the perpetuation of corrupt, state-based transglobal capitalism. It is through the state’s monopoly on the issuance of money which allows for government debt financing, costly illegal wars, and the fusion of state power, and capitalist power into a single totalitarian power. This power is based upon the willingness of the general populous to use the state’s debt tokens as their form of exchange. If people simply refused to use the state’s money, their entire economy system would collapse overnight.

It is only through creating economic exchange outside of the confines of the state that we can realistic create independence and sovereignty for ourselves. Through using digital currencies as the primary mode of economic exchange, we can nullify the state’s ability to steal from us through taxation and inflation, but we also banish them from our sphere of economic activity. The internet and digital commons are sovereign; bitcoin and digital currencies are the mode of economic exchange that explicitly disallows for the participation of the state.

Money as Social Relations

Bitcoin is the money of the internet. Digital currencies can allow for all economic transactions to be self contained within the digital sphere of the internet–no governments, no banks, no Gods, no Masters can dictate what you can, or cannot buy. The real question at the end of the day, is who do YOU want to control your money?

Banks and governments who have proven time and time again, that they will inflate the money supply, steal from their own citizens to make war, and are more than happy violate any and all laws to enrich those that are part of the established order. Again, and again through history we can see that every single government that has came into existence has used the power create money as a mode to enrich themselves while impoverishing their people. The social relation of money under state governments is one of their ability to force you into their economy system–it is not a relationship of choice or economics, but one of power and corrosion.

Money is a social tool, and we cannot separate it from the societies that are part of it–yet, somehow, that is the exact world that we live in today. Money today is not some democratic project of economy agreement; it is a relationship that has been forced on to every individual with no choice whatsoever. The US dollar is freely printed at the will of those that are part of the federal reserve, and money can be freely seized by the state for pretty much any reason it wants. That is not a social relationship, but one of power. If we truly want to be free people, we must first have economic freedom, and that can only be achieved when we are not subject to poverty by the whims of government bureaucrats, and exploitation at the hands of capitalist.

Governments and Central Banks

Capitalism today is not merely an economic force that displays itself in the world of commerce, but it is a total panoptic zeitgeist. Every facet of our individual lives are decided by this total force that has made itself the predominate mindset, lifestyle, and the very bases of law and government in our society today. Capitalism has merged with the state itself to create state-capitalism–the fascist merging of state and corporate power to further the exploitation and environmental destruction all in the name of corporate profit.

Banks and financial institutions work directly with governments to steal money on-behalf of them, and to also give themselves unfair advantaged in business. The close relationship that finance has with governments allows for banksters to freely violate the law with the known expectation that very little, if anything, will be done to stop them. Banks like HSBC can work directly with terrorist and violet drug cartels to launder their blood money, and even when found guilty, our government refuses to stripped them of their assets, or their power to bank. Governments work hand-in-hand with powerful transnational corporations to allow for and facilitate crimes and human rights violations.

I cannot understand how after so much betrayal, corruption, and outright constitutional violations by the state how anyone could trust these psychopaths who claim they are here to help. It should be clear and obvious to anyone who is paying attention that these are the very people and organizations that rob us, keep us oppressed, and seek only to have power over us. The relationship between the state and oligarchic corporations is fused together with money–the capital which the state issues, and banks inflate via debt. Understand the domination of the political class by the bourgeoisie is done with fiat money. The sooner we can come to understand that this money system is their money system and not ours, the sooner we can set to work at building our own.

A Utopian Fantasy

We now have the tools to create a world-wide global revolution where there no more Gods or Masters of the economic system. We can allow for our peer-to-peer relationships via the internet to become a new paradigm for social, economic, and political organization. No longer do we have to believe in the false divisions of nationality, obey the repugnant laws of states that keep us oppressed and impoverished, nor tolerate governmental theft via law, or the exploration by capitalist allowed by their laws. Through forging a new economy that is built on top of non-state based currencies, we can create a new way forward free from the hands of both statist and capitalist, and their desire to exploit others for their own gains.

The macroeconomic money system has been built in such a way that it ensures the conditions of exploitation exist, and that governments and capitalist alike can systematic steal from the whole population. So long as governments have the power to issue currencies, and work in alliance with banking and finance to enforce their laws; economic power will continue to concentrate itself in the hands of those with that power. This economic system was designed to ensure that 85 people can own more than the bottom 3.5 billion people on the planet–its not a mistake, but by design.

If we are ever to throw off the yoke of capitalism, and to have lives that are more than working at bullshit jobs that we hate, we must first have objects of exchange that are outside of the control of the state, or their crony allies. Bitcoin, and other digital currencies present the most powerful opportunity in a century to create a new, alternative economic system that is outside the control of the state.

We now have the tools to build our exit from the awful system of exploration and purposeless consumption. Together, we can make a choice to reject the state-based system of money, and choose our own kind of money that works best for ourselves and the communities we choose to be part of. Freedom and liberty can only be created when the conditions of oppression are forbidden from existing. By pulling money into the digital realm outside of the hands of states or bankers, we can create a new system of economic exchange and money that does not need the violence of the state, or the exploitation of capitalist.

Bitcoin, Economic Resistance, and Justice

“After all, the practical reason why, when the power is once in the hands of the people, a majority are permitted, and for a long period continue, to rule, is not because they are most likely to be in the right, nor because this seems fairest to the minority, but because they are physically the strongest. But a government in which the majority rule in all cases cannot be based on justice, even as far as men understand it. Can there not be a government in which majorities do not virtually decide right and wrong, but conscience? — in which majorities decide only those questions to which the rule of expediency is applicable? Must the citizen ever for a moment, or in the least degree, resign his conscience to the legislator? Why has every man a conscience, then? I think that we should be men first, and subjects afterward. It is not desirable to cultivate a respect for the law, so much as for the right. The only obligation which I have a right to assume is to do at any time what I think right. It is truly enough said that a corporation has no conscience; but a corporation of conscientious men is a corporation with a conscience.”

-Henry David Thoreau, Civil Disobedience

I love Thoreau’s unapologetic diatribe against the state, and the banal evil of the hollow men of governments–I cannot recommend more highly to read Civil Disobedience. More than a century and a half ago, Thoreau could plainly see the preposterousness of the idea of a just government. Governments are institutions amongst men, and derive their power and justice from the magnanimity of the men within those institutions. When these institutions of government are taken over by cowards and make their objective to destroy the very constitutional rights from which their power is formed; such organizations can no longer be called legitimate. The whole world knows of the crimes of the American Empire and its axis of capitalist corruption. Now is the time to resist, and fight back before it is too late.

Direct Economic Action

I have always been one to believe that there is no revolutionary action except for direct action. Resistance is something that must be preformed at the exact time and space where injustice is occurring in order for true change to be manifested. This is deeply problematic when we live in a capitalist society that itself is the bases of injustice, exploitation, and alienation. How can one resist an entire social, political, and economic system that is based upon systematic injustice by the state working hand-in-hand with the corporate, oligarchic machinery of late capitalism? The totality, and wholeness of this vast complex of power relations finds their nexus within the legal structure of the state, seems impossible to change or resist.

That is until now.

Nation-States, from the most corrupt failed states, to the superpowers of China, Germany, and the United States; ALL maintain their power and control on their populations only and explicitly through the control of capital–if they cannot control the money, they cannot control the population.

If even 5% of the world’s population refuses to use their governments fiat currency; this would cause for a collapse of their unjust monetary system overnight. The governments, politicians, and capitalists who use our money to fund their wars cannot exist within the digital currency ecosystem. If you want to fight back directly, in a way that will true hurt these monsters; than withdraw your economic support for their corrupt money.

Through this single action–the rejection of using and holding fiat money–can cause for a financial collapse of the old, antiquated, corrupt system of money, while bolstering and legitimizing the new digital economy. This is a capital strike–a refusal to invest or participate in the corrupt economic structure that has left 3.5 billion people with the same amount of wealth as 85 people. I refuse to participate in this evil system, and I refuse to let these fascist use any of my labor, wealth, or exchange to support these conditions.

My revolution is now, and it is permanent–I hope you will join me.

Digital currencies will replace fiat government systems of money–it is simple too effective as a money system. At some point, be it 5, 10, or 30 years down the line, citizens across the globe will take the power of the purse away from government hands, and returning it to the people. By using new, alternative forms of money that the state does not explicitly control, people all over the world can choose to reject their government’s money systems and the endemic and systematic corruption of power enables.

If you truly want to fight back against the state and their oligarchic allies; than the most powerful action you can take is refusal. Refusing to participate in their official economy, using their money institutions, or being a cog in their machines. By refusing to use, or hold fiat currency, one can help start the process of stripping the state, and the banks they are lapdogs to, of their economic power. This single action alone can be what can take down the capitalist empires of exploitation, and return economic power to the hands of the people, where it rightfully belongs.

Student Debt Resistance

I need not to make the argument for the injustice at the price of education, nor the way that people are made into indentured servants of the state for little more than wanting to educate themselves. There is more student debt today that what the entire budget of the United States federal government was in 1965. Private profiteers, and banksters of the most unscrupulous sort, are allowed to leech profits from this debt, participating with the state in direct exploitation of students, and former students, as equitable partners with the state for this right of mass extortion. This is debt bondage in exchange for a certificate of graduation that offers one the false promise of employment upon graduation. You were scammed, and now you must repay them.

On the poverty of student life was an influential piece of writing from 1966 that helped ignite the shortly lived revolutions of May 1968. This work speaks broadly about the hope of youth for a future that was not determined by the exploitation of capitalism and the demand to fight for that future. The underlying point is that being a student is as subservient to the capitalist structure of the world today just as much as any other corporate job. So called ‘education’ within the ridged structure of capitalist universities is not education–it’s ideology. The apparent freedom of university is the iron cage of academia where the erudite elitism of the intelligentsia is a reflection of the same narrow, manufactured dialog of politics. The education systems are not about empowerment or agency, but subservience to the current superstructure of the capitalist world today.

To strike debt; to refuse to pay or service it can and will bring the whole system to a stand still. If a debt strike can be organized for people to default on student debts, or debts of all kinds at the same time, would cause for a total collapse of the monetary and banking systems–international financial contagion would be inescapable. If executed correctly it would take less than one month to see systemic economic crisis. This is the system that has sold out our future, has allowed for the total and complete destruction of the environment and millions of species, all while leaving our posterity broke and impoverished. This can only be defined as unjust and despotic. Resistance must begin somewhere, and I see no better place then here.

To Struggle

We have been taught, ingrained in a pavlovian way, to feel powerless against what seems to be an omnipotent force of the state that is fully against our struggle. It seems easier to simply give up, to not struggle, to find a way to compromise with the system as it is. We pretend that there is not a gross psychological damage that we undertake by living in this capitalist world where everything is for sale, nothing is sacred, and the largest criminals of all go free. We are permitted to have our own little fiefdom of superfluous trinkets and toys, in exchange for our compliance and silence with the machinery of capitalism. We are told by others and ourselves that this is a fair exchange only to find ourselves sobbing inconsolably on top of our piles of trinkets; knowing the price of our estrangement from our innermost self.

Suicide now one of the leading cause of premature death in the united states, and depression is the world’s leading debilitating illness. The estrangement of meaning and purpose from everyday live; ripped away and replaced with the meaningless, soul-sucking existence of bullshit jobs, and vacuous social connections has launched us headlong into the society of the spectacle unhinging itself. The world makes visible the primacy of commodities dominating all that is lived. The world of the commodity is thus shown for what it is, because its movement is identical to the estrangement of men among themselves and in relation to their global product.

It is nothing short of childish to not see the mental toil and exhaustion from living under this despotism. We must valiantly and passionately strike against this way of life that has robbed our lives of dignity, meaning, and purpose for far too long. Inside of each one of us is the drive to zealously seek for something better–the hope of building a better tomorrow is what drives us, and this force alone can change the world. The revolutionary struggle patiently awaits us; whispering to us to rise and taken our proper place in chronos of the liberation of mankind.

To Take Justice

Justice must be taken. It will not be freely given by these governments, or the political institutions that are part of them. That request was made in the streets years ago and it was met with the heavy truncheon of the state’s fascist police armies. Protesting is little more than being a lamb to the slaughter, displaying that political reform is impossible. If we are to have justice, it must be something that we make for ourselves, and refuse to compromise on.

To directly attack capital itself is to strike at the very root and essence of our struggle. Our quest is to fracture the unholy alliance between capitalists and the state through destroying the object that unites them: fiat money. This is a direct plan of attack; an offensive and purposeful mode of resistance that as it gains momentum, it can become the revolutionary force of a general capital strike. If you want justice, than go and take it!

Refuse to accept the conditions which have been impressed upon you! Fight back and struggle against those who keep you under the bootheel of poverty and totalitarianism for their own benefits. Disparage the cowardly fascists who sell your security, freedom, and rights for their own temporary safety. No one will come and tell you fight back against an entire system that seeks to exploit and alienate you from your own being and worth–you must find that inside of yourself and will-to-power the meaning to fight back and resist! The commanders of this economic and political system are cowards and fascists who care nothing for the meaning of justice, liberty, or freedom. They are scare and pathetic little men who allow for their morals and ethics to be commanded by others as thoughtless machines. Allow for the labor and wealth that you command to be a friction against the machine, and part of the great liberation of the digital economy away from the bloody and grimy hands of the state and the capitalist pigs that control them.

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Next: Financial Insurrection

Bitcoin Theory

The Political, Social, and Economic Impact of Bitcoin

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