Joseph Stiglitz Calls For The Use Of Violence Against Peaceful Bitcoin Users On State Propaganda TV

in #bitcoin4 years ago (edited)

If someone has won a Nobel prize and they are regularly on television programming, you can be assured that they are a shill for the globalist system whose role is to keep people enslaved.

In fact, at this point, Nobel prize winners should likely be some of the first people targeted in the upcoming bitcoin assassination markets.

Just look at Nobel peace prize winner, Barack Drone Bomber, who did not have one day of peace his entire presidency as one ridiculous example.

Or Nobel prize in economics winner, Paul Krugman, who is certifiably insane and whose list of demented ideas include making a $1 trillion coin to get around the debt ceiling and faking an alien invasion to boost the economy!

Now, Nobel prize winner Joseph Stiglitz, who never saw government intervention and the use of its violence that he didn’t like, has come forward with his thoughts on bitcoin.

If you don’t want to lose more brain cells than a lifelong Mike Tyson sparring partner, then I warn you not to watch that video.

It is basically two manifest morons who know nothing about economics or cryptocurrencies trying to use big words, bow ties and act like they know something about economics and cryptocurrencies.

The first thing Stiglitz said was, “One of the main functions of government is to create currency.”

Yes, he is already in the wrong starting with the opening sentence. Governments rarely create currency… that is usually done by the central banks.

But government did not invent money or currency. And it is not government’s role to issue it or regulate it. The market invented money as a way to solve the barter problem.

Just like the market created bitcoin in order to get around the fraudulent monetary system, which the government took over as a scheme... another way to tax us... a way to shuffle wealth and investment to Wall Street... a way for the banks to expand their assets... a way for the military industrial complex to advance its goals. The elastic dollar can be stretched in these ways.

That aside, there is no legitimate function of government. Government is an illicit criminal organization that extorts groups of people in a certain geographical area.

In any case, Stiglitz was obviously told by his handlers what his role was in this interview as he barely got in two sentences before stating that bitcoin should be outlawed!

As I mentioned earlier, Stiglitz has never seen anything in which using government violence isn’t the answer… and that’s why he was given the Nobel prize and why he is featured on the television mind programming regularly.

And, why should it be outlawed? According to Stiglitz, bitcoin should be outlawed because it doesn’t serve any “useful social functions.”

But that’s like saying money serves none either.

He doesn’t understand the value of decentralization because he sees the market as the root of all evil and like all Marxists believes it is unstable and needs regulating.

Which is interesting because then this interview between two morons took a turn into the bizarre.

Considering that Stiglitz is essentially a Marxist, Tom Keene, the Bloomberg host, then attacked bitcoin saying investors are relying on Marx’s “theory of value” and going back to “middle Marxian” theories to determine bitcoin’s value.

What Marx was getting at with that term is that exchange value is an “objective” value, like a money price, which can be different than its actual underlying use value, usually because of speculators and capitalist exploitation. He tended to explain away this “exchange value” as notional and as a reason to suppress trade and exchange.

The host interviewing Stiglitz did not seem to be able to distinguish between that and the subjective value theory of goods that was contributed to economics by Menger, Mises, and the Austrian School. Marx believed that all the value belonged to labor and that value itself owed to labor, that it derived from labor, which came from the erroneous classical school view that value derived from the costs that go into production.

So it was somewhat ironic that the Marxian host questioned a neo-classical economist about why the free market was adopting a Marxian theory, when in fact it is actually adopting the subjective theory of value that neither a Marxian nor Classical economist would ever understand, but which has come to dominate economic thinking in the modern day.

In this theory, value and exchange value are synonymous, and not Marxian in that value is derived from the utility of the good to its consumers and users, and not according to costs or how much labor went into its creation.

But money is a different good altogether, which neither Marx nor the Classical school understood at all. It is the only good whose value does not rely solely on its utility to consumers or capital, but whose value relies on the fact that it already has a price.

The service that money provides is as a store of purchasing power (not wealth), and its value relies on what other goods it can buy.

The guy in the video was basically trying to say that exchange value meant that bitcoin had no real value, and relied on the greater fool theory, which is a crude and bad understanding of how money does increase in value, and why.

In the case of bitcoin, what the free market is actually adopting is the subjective value theory.

And so, to summarize.

Stiglitz incorrectly believes government’s role is to issue currency. Therefore, he thinks government should use violence to “outlaw” bitcoin. And, the two buffoons think that the reason bitcoin is trading at such high levels is because investors are relying on Marxist theories, when, in fact, they are the Marxists and bitcoin investors are relying on Austrian, free market, subjective value theory.

In other words, the entire interview was misinformation, wrong assumptions and calling for acts of violence against computer code and those who believe it has value.

These guys don’t even know what they are talking about, but if you were to have listened to them over the last few years, you would have missed out on the biggest investment returns in the history of the world.

Hopefully, you are smart and just use your TV as a computer monitor now to access things like The Dollar Vigilante and only watch propaganda like Bloomberg or CNBC solely for a good laugh.

To get access to our twice-monthly newsletter, regular alerts, worldwide community and numerous bitcoin and gold investment related books, click HERE.

Many thanks and special credit to https://steemit.com/@kind/ for his contribution of the Stiglitz edit video!

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Unfortunately, i did have a look at the video... :( I recently posted this, but for someone who is as you said Nobel prize, i don't have to say nothing about violence, economy or whatever... Just would love to live a day, where he could ever read this, live on tv:

"To be GOVERNED is to be kept in sight, inspected, spied upon, directed, law-driven, numbered, enrolled, indoctrinated, preached at, controlled, estimated, valued, censured, commanded, by creatures who have neither the right, nor the wisdom, nor the virtue to do so. To be GOVERNED is to be at every operation, at every transaction, noted, registered, enrolled, taxed, stamped, measured, numbered, assessed, licensed, authorized, admonished, forbidden, reformed, corrected, punished. It is, under pretext of public utility, and in the name of the general interest, to be placed under contribution, trained, ransomed, exploited, monopolized, extorted, squeezed, mystified, robbed; then, at the slightest resistance, the first word of complaint, to be repressed, fined, despised, harassed, tracked, abused, clubbed, disarmed, choked, imprisoned, judged, condemned, shot, deported, sacrificed, sold, betrayed; and, to crown all, mocked, ridiculed, outraged, dishonored. That is government; that is its justice; that is its morality.
P.J. Proudhon, General Idea of the Revolution in the 19th Century,
(Translation: John Beverley Robinson)
London: Freedom Press, 1923, page 294."

It's a good lesson for an old timer like himself, since he probably skipped the school or parenting period where you do create characted and basic values :)

As always, lovely post Jeff :)

Cheers,

Lucifer

Stiglitz is a butthole!
Another commie scumbag trying to coral us into the debt prison on behalf of the banksters. I haven't watched the MSM news for so long now such is the mendacity of the corporations and the idiocy of the presenters and guests. If folks chose to listen to these fools and follow their advice then they're going to get what they deserve....Slavery!

They look like a bunch of Nazis cya dudes we are not putting up with greedy people like you anymore :)

This guy is a massive apologist for the bankers.

The same people who call BTC a scam are perfectly fine with the federal reserve's legal scam, most likely because they are ignorant of how the banking system works.

Obama getting a Nobel peace prize what a joke that was

Stiglitz is a foolish person.

They can never stop us! Criminals.

A very important and very nice video has given us a lot and with so many texts, there is a lot of information about bitcoin. I know many information about bitcoin from your video. I need to know because I am a bitcoin boyfriend I think your news should be viewed by everyone.

Oh come on, show some respect to the elder people! He just doesn't understand that his knowledge became obsolete and outdated...And he lived his way for XX years, what do you want him to say? Blockchain is the future? Duh... I think he was glad that he is being invited somewhere. That is more sad than you think...

Sounds like another globalist pawn sent to push an agenda.

Thanks for the insight! I love the case put forward "we should do what we've always done".....was really innovative thinking going on there....

You just changed the way the used to think about nobel prize winners ☺

We kicked the TV to the curb many years ago. Not as wise about bitcoin, but in the game now at least! Thanks for your CONSTANT efforts to educated.

Stupid is as stupid does.

To read the post and then think something about the theme of this article.
To be honest, I haven't known much about Bitcoin yet.
Some of your points I agree, such as some views about a bank.
Thank you, Sir. I am a newbie on steemit.

i voted, resteem and follow you, thank you

hey i'm just interested because i saw you at steemfest 2 do you ever get any shit in border controls (like delaying you/questions etc) and if so what cities are the worst? just interested if you have any of those experiences blogged about here on steemit. thank you for all you do.

When will these guys realize that bitcoin can never be stopped,its like trying to catch the wind.

some of the terminology here is still new a foreign to me - I'm still learning - but I understand the basic points of this and enjoyed the read. thanks for sharing!

Thanks for the heads up and saving me a few brain cells- your great summary was better- keep up the great work. Looks like I won't make Anarcharpulco this year but we'll continue to follow your Anarchast interviews. There's a war going on against us on all fronts: mind, health, money, air, water, etc. We must embrace blockchain technologies and cryptocurrencies and avoid fiat money at all costs. We must practice agorism at every corner.

Honestly! they kept droning on and on like the controlled robots they are! regulate bitcoin? they don't still understand what cryptocurrencies are! I love this article, and you have earned my followership @dollarvigilante keep articles like this coming, I am a newbie to the world of finance, business and tech but one thing I definitely understand is bitcoin is not a stock! they should stop treating it like one! bubble this and that, yes a correction is coming, but I am afraid not the correction we all think, the value might become exponentially higher, then, I wonder what they will say. Thanks once again! cheers!

Unfortunately we will see more of this as the rich slowly lose their power and control over others.

DO just the opposite of what these parasites are sayin' and you'll be all good................ you can bet your BTC stack they are.........

That asshole got me triggered.... i cut the cord a few years ago and don't miss the brainwashing at all.

Wow! It sounds like the interview got the best of the author of this article. Market pressure and time will be a true test of Bitcoin. Avg Joe is sitting on the sidelines waiting for the dust to settle down.

Good analysis of the economic schools and how they don't even have a clue what they're talking about. Calling for the government to ban trading is the most socialist thing they can do and only communist China has banned trading so far. The US government is not even talking about banning trading (it can't ban bitcoin, only regulate trading) and quite the opposite it's actually about to be opened up to even more trading with futures on the CME in a couple of weeks. So these guys are not only calling for violence against peaceful people, but they are completely out of touch with the current administration and are having no impact.

Always, obviously working for the financial elite.
Bitcoin is the way forward to fight centralised banking!

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Thanks for watching those idiots, so I don't have to.