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March 2, 2022 | Donating To A Political Cause Is A Constitutional Right

John is author or co-author of five books, including of The Money Bubble, The Collapse of the Dollar and How to Profit From It, Clean Money: Picking Winners in the Green-Tech Boom and How to Profit from the Coming Real Estate Bust. A former Wall Street analyst and featured columnist with TheStreet.com, he currently writes for CFA Magazine.

Excerpted from comments on previous DollarCollapse.com posts:

“Canada Reveals The ‘End Game’ For Money” – March 2

Although I agree that “non-custodial, decentralized forms of money” are a wise thing to have in general, it should be clear that it was the centralization of the payment system to the “truckers” that enabled the accounts to be frozen. That is how the demonstrators and supporters were identified to begin with. Had they not been identifiable, their assets could not have been frozen.

Supporting future protests or other groups or causes has suddenly become a challenge. How can money be contributed by many and then in turn distributed as needed if governments can retroactively label donations as criminal acts?

The real solution should deal with the original cause of the problem, which is governments’ ability to control financial assets via willing third parties. If indeed the ability to transact is required to enable Constitutional rights then “laws” like an “Emergencies Act” should not be allowed on Constitutional grounds.

The First Amendment (of the US Constitution):

“Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.”

Therefore ANYTHING that “ABRIDGES THE FREEDOM … TO PETITION THE GOVERNMENT FOR A REDRESS OF GRIEVANCES,” is unConstitutional, including – obviously – the “freezing” of an individual’s assets.

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“The #1 Lesson From Bank Account Seizures in Canada” – February 26

Getting out of financial institutions now could be good timing, allowing you to avoid losses from the coming crash. Think of it as a form of diversification; some money institutional and the rest not.

But what’s interesting to me politically is who knows or really cares about what has happened in Canada. It’s possible that a majority of people worldwide don’t care – or even know about it – because they may think such things as financial assets seizures, or any other governmental attempts to control them, will never happen. They don’t intend to oppose their government so see no reason for their government to act against them.

And I’m not talking about just the ignoramuses in society (like the ones who voted for “Biden” in the US, or Trudeau, or fell for all the covid hysteria) who may live under the radar, but even those supposedly sophisticated people with significant money entrenched in the system.

In other words, it may still be possible to oppose government controls in principle while not worrying about them personally.

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“Gold Comes Roaring Back (at Bitcoin’s Expense)” – February 22

Here’s a real-life story about why cryptocurrencies suck.

I opened an “In Case I’m Wrong” account at CoinBase.com and planned to buy $100/week of Bitcoin against my better judgment. So just today I tried to buy another hundred dollars “worth” but was told that function has been disabled. I’ve tried to get help but they insist on me downloading Google something-or-other and showing both sides of my driver’s license, then sending a picture of my face, making sure the picture is clear and has good lighting, along with my email and password, after I change the password since I “signed in” to the account more than the allowed times in one day (which I did not). After that, someone will contact me within 24 hours to see why I can’t buy – or sell – bitcoin.

In one of my many chat sessions about this I was told I had no choice in the matter “to protect the community.” Finally I just said, “Forget it. This is ridiculous. How can I get my money back?” They said I couldn’t unless I downloaded Google’s blah, blah, blah.

It’s all even more of a numbers game than I suspected. I wouldn’t be surprised to see a rush to the exits soon as enough people run into this crap.

As far as I’m concerned, I’ve lost whatever my current balance has shrunk to. I’m not going to do all that just to fix “the glitch”. It could happen any time again, and I can only imagine if it happens to a lot of people all at the same time.

Crypto’s selling points were:

1) it’s anonymous.
2) it’s extremely liquid.
3) governments don’t know you have it & can’t seize it.

1) The “anonymous ” claim is true – supposedly – within the bitcoin/blockchain network itself. The problem is the entry and exit points. That’s where all the shenanigans can occur.

2) Well, it may be liquid in theory, if a long list of things align. Ask someone like me and I’d say in practice it’s not so much.

3) This is ridiculous. Again, the blockchain network may be anonymous but not the entry/exit exchanges. Of course “governments” know because that’s what the coveted Wall Street “regulations” imply.

As for seizures, I’m not sure how likely that could be, but it’s probably more likely than, say, bank seizures because it’s still a fringe area. Furthermore, if a lot of “bitcoin millionaires” are advertised, given the cultural environment we’re in seizures would probably be politically popular, especially to Democrats. Envy is an underlying theme in a lot of the cultural assaults going on.

Bruce C runs Miami-based Calder Construction.

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March 2nd, 2022

Posted In: Dollar Collapse.com

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