The Bitcoin Rat

. Only #Bitcoin and Cheese can save Mankind

Monthly Archives: May 2014

For What it’s Worth … an open letter to Mark Carney, Christine Lagarde & Bill Clinton

Mark Carney, speaking at the “Inclusive Capitalism” conference in London said

“The combination of unbridled faith in financial markets prior to the crisis and the recent demonstrations of corruption in some of these markets has eroded social capital,” he said. “When combined with the longer-term pressures of globalization and technology on the basic social contract, an unstable dynamic of declining trust in the financial system and growing exclusivity of capitalism threatens.”

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Some words of reflection for Mark Carney and Christine Lagarde ,
and Bill , you can put away your Saxophone, the kids have moved on.

“Stop Children, What’s that sound, everybody knows what’s going down”  –  Buffalo Springfield, recorded on December 5, 1966. – you might know this better by its title …  ‘For What it’s Worth’

Well …..

For What it’s Worth – Be Frightened Bankers be very frightened, because,  everybody knows what’s going down now.   The Rat can “sniff the winds of change” that are coming up from the streets – its taken nearly half a decade, of spiralling debt, Fat Cat Fraud and Greed, Market Fixes and Crony Capitalism.   But finally … the financial system is broken.

For What it’s Worth – The people now have NO TRUST in Bankers … NO TRUST in Politicians … NO TRUST in Law Enforcement Agencies ..  these “sticking plaster” tinkering attempts to regain Public Trust will surely fail , as the economies of the Western World – fuelled by the drug of cheap money printed with nothing to back it –  will grind the Western World to a final halt.

For What it’s Worth – Your complacent Politicians can’t glibly condemn a generation of young people to an existence of continual stagnation and degrading unemployment,  without them fighting back .  “Stop Children, What’s that sound, everybody knows what’s going down” will once again be heard on the streets.

But this time, the kids have bitcoin!

Finally – for the first time in history –  people can interact, transfer wealth, grow businesses globally all without the need for a Sovereign Central Control.  Your financial citadels are teetering on the edge of collapse, Bail-outs wont work this time, Bail-ins will only further alienate the mass population.

For What it’s Worth Bankers & Politicians – I’m sorry, but your actions are already too late.

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Budweiser and Coinbase Team Up

Professor Mark Williams has gone rather quiet on bitcoin .. I wonder why ?

Following my last blog post on Professor Mark Williams ( the well-known FED apologist and ‘bitcoin basher’ )

see here

I had a subsequent series of email correspondences with Mr Williams. At this time I wont be revealing the contents of our exchanges, but it was very enlightening on a number of grounds.  In brief, I asked Mr Williams a number of points for him to clarify, and lets just say his answers were “guarded and cloaked in legalese” . When asked for specific responses to straight questions, he just re-quoted his earlier carefully worded answers, and refused to elaborate further … hmmmm

As we all know, Professor Williams has staked his reputation on his prediction that bitcoin will trade for $10 or less by 30th June 2014. …  Well that’s now only 40 days away !  .. and when I looked just now the bitcoin price was trading at $498

Just so Mr Williams can keep track of the days as they approach his prediction deadline, The Rat has set up a Countdown Clock on this site below

Mark Williams Prediction Countdown Clock

Now, Mark Williams is clearly not unintelligent,  head-strong maybe, arrogant maybe, and beholden to JPMorgan maybe ? .. but he has obviously recognised that staking his reputation on being able to ‘talk down’ bitcoin , was clearly a big mistake !

As I pointed out in my last posting on Williams own bloging habits, up until December 2013 he was bloging at around 5 articles a month  – and didnt write on bitcoin until the 5th December.  But from then on, until march this year he was posting around 25 articles a month on his Boston University Blog  , all critical of bitcoin.

However, since the 10th April .. thats nearly six weeks .. he has only writen four posts  .. and only one on bitcoin !

 

could this be the time for FORTY DAYS in the wilderness for Professor Williams  ?

you might also notice that Mark Williams has disabled comments on his blog – unlike The Rat

Free Speech ? ..  apparently not in ‘bitcoin bashers land’

Williams2

 

 

 

Repost from Richard Brown, IBM UK – Bitcoin and Bankers: Reflections on a panel discussion

The Bitcoin Word Game – reposted from Jon Matonis