We firmly believe in privacy and liberty. Ideas even like Bitcoin count on the simple fact that there is some RULE OF LAW that will be respected. There is none. As the Sovereign Debt Crisis unfolds, they are really hunting down everything they can possibly get their hands on. Canada is now taking the position that transactions on Bitcoin are taxable. No matter what you do to comply with the LAW, if they think there is some spare change to get their hands on, forget the LAW. They didn’t mean it.
The USA is not alone in surpassing even Hitler’s pursuit for money by outlawing German citizens having any bank account outside the Germany. Well, Germany is also taking that position and you would think the Nazi’s have returned. This time instead of targeting the Jews who controlled the banks and shops to seize their money, this time it is everyone regardless of race, creed, or where you live.
The German parliament just passed with blinding speed a new law where the federal police can simply demand from any internet provider the name, address, passwords, and PIN codes of their clients as well as internet protocol addresses. There is no RULE OF LAW. You do not have to do anything. This is back to the days of Venice and its Mouth of Truth. Suspicion is enough even from anonymous sources.
It is not just the USA but the EU and Britain are all hunting their own citizens. We moved our site, server, and models all to Switzerland to provide security for our clients worldwide. All these governments in the West are joining the fox hunt for every scrap of wealth they can confiscate to pay the bankers. There is no concept of where this leads. They are rapidly destroying everything that made us a free society and life worth living. I testified before Congress in 1996 explaining that it was the RULE OF LAW that made commerce and civilization viable. Lady Margaret Thatcher also saw that the British Empire succeeded BECAUSE it spread the RULE OF LAW and thereby civilized the world and that fostered her rise to the Financial Capital of the World. It was the RULE OF LAW that enabled the Roman Empire to expand extending citizenship to the nations it conquered. This is the most important cornerstone that they are destroying. Attacking that is the straw that breaks the back of every empire. You own your house – ONLY because there is a RULE OF LAW. Eliminate that, and you own nothing!!! Property ownership becomes mere possession.
Why do you think after Salomon Brothers got caught manipulating the US Treasury auctions, Robert Rubin set out to takeover government and put the regulators in the back pocket of the NY Investment Banks? The entire scheme was to ELIMINATE the RULE OF LAW including Glass-Steagall, so they could manipulate markets and make money and in the process caused the national debts to soar with their bailouts, and set in motion the destruction of the entire financial system. The NY Investment banks were the key to the destruction of everything. There is no appetite on Capitol Hill to prosecute these guys BECAUSE they count on them for funding. Without term limits and eliminating private donation for political elections, there will be no hope of a soft landing. There is an old saying that reflects the corruption of New York and why your future came to an end:
He who controls the gold makes the rules
Edward Gibbon wrote of the Emperor Commodus (180-192AD) who also was desperate for money in his 1776 Decline and Fall of the Roman Empire. Commodus made many technical laws and each established a
“distinction of every kind soon became criminal. The possession of wealth stimulated the diligence of the informers; rigid virtue implied a tacit censure of the irregularities of Commodus; important services implied a dangerous superiority of merit; and the friendship of the father always insured the aversion of the son. Suspicion was equivalent to proof; trial to condemnation. The execution of a considerable senator was attended with the death of all who might lament or revenge his fate; and when Commodus had once tasted human blood, he became incapable of pity or remorse”
(Book 1, Chapter 4).