China’s romance with Bitcoin continues

See on Scoop.itBitcoin | The Open Money Revolution

Why is China’s interest in Bitcoin growing? The country’s increased interest in the currency has shown no signs of abating over the past couple of months, leading to all kinds of fun theories about currency wars…

unspy‘s insight:

“It is showing it on TV, and explaining to people how they can take it in payment for their business. Nothing goes on TV in China without the say-so of the party,” he said. “The party never does anything officially, but if it’s on TV, it’s being endorsed.”

See on www.coindesk.com

Chinese downloads of the original Satoshi client, as maintained by the Bitcoin core development team, have increased in recent months. For the month of January, China ranked seventh amongst downloaders of the software, accounting for just 3.66 percent of downloads. As recently as April, Chinese downloads accounted for 13.15 percent of the total, lagging the US, which downloaded 27 percent of the clients. Play with the charts here.

Things have changed considerably over the last month. From the start of May until June 4, China soared to the top of the charts, surpassing even the US. During that period, Chinese addresses accounted for just over one quarter of all downloads of the original Bitcoin client. The US had a still-respectable 21.94 percent.

china2

The signs are that China is using them, too. The Bitnodes project, which maps node activity around the world, shows China clearly in the lead, with 22.8 percent of the active nodes, compared to 20.2 percent in the US, which is second ahead of Germany.

So, why is it happening? “China seems to be actively encouraging its population to take it up,” argued Johnathan Turrall, co-founder of MetaLair, the software company promising the still-elusive, decentralized, peer-to-peer crypto county exchange system.

“It is showing it on TV, and explaining to people how they can take it in payment for their business. Nothing goes on TV in China without the say-so of the party,” he said. “The party never does anything officially, but if it’s on TV, it’s being endorsed.”

Here is an online video of the TV show (click CC for subtitles):

Others spotted this trend early. The Genesis Block noticed a spike in Chinese downloads in early May, shortly after the video allegedly aired, and attributed it to the beginnings of a currency war between China and the US. It pointed to China’s 2009 appeal to replace the dollar as a global reserve currency, and further saber-rattling since. It also pointed out China’s position as a major holder of US currency, arguing that if enough trade switched to Bitcoin, China could begin leaking US dollars onto the market, driving down the reserve currency’s value (although some might argue that the Fed doesn’t need any help).

Not everyone is convinced that this is an engineered attempt to pump bitcoins at the expense of US currency, though. “I’m sure there are many people in China fascinated by money in all its various forms, and so a non-fiat money is especially interesting and the media would respond to this,” said Barry Naughton, a professor of Chinese economy at UC San Diego, adding that he doubted China was endorsing Bitcoin.

“Also, since China’s capital account is still not open, people will be especially interested in something that might allow them more freedom with their money, including the freedom to move it offshore,” he added.

Apparently, Bitcoin isn’t China’s only dalliance with cryptocurrencies. In early May, someone introduced ChinaCoin (CNCoin), and got some initial interest from the community, including a couple of test mining pools. However, support for this coin quickly faded, and even its discussion forum failed to materialize. The person who introduced the coin on Bitcointalk was a relatively new poster, and the coin languished.

One final thought is that China has 1.35 billion people, compared to the US’s 314 million. If interest in Bitcoin spreads virally in China, as it has elsewhere in the past few months, it is perhaps unsurprising that the numbers jumped so quickly in a short period of time. The upward trajectory of Chinese nodes shows no sign of slowing, but what would be really interesting is a statistic showing the hash rate coming from China. We’re still looking for that – if any readers have any pointers, please let us know in the comments.

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Road to WW3 | China Moves Against The Dollar

China has just made several moves against the U.S. dollar, and currency wars with the U.S. have a way of turning into real wars. The Federal Reserve is a private entity is owned by a conglomerate of the most powerful banks in the world, and the men who control those banks are the ones who pull the strings. To them this a game, and false-flag deception is a tool in this art of war. Your life and the lives of those you love are just pawns on their chessboard.

Who is this Patrick Clawson clown to openly promotes starting wars by way of false-flag deception? Read more here and here.


China has just made several moves against the U.S. dollar, and currency wars with the U.S. have a way of turning into real wars.

“…despite America’s continuing financial crisis, the Pentagon is effectively considering trading two military quagmires for the possibility of a third. Reducing its commitments in Iraq and Afghanistan as it refocuses on Asia, Washington is not so much withdrawing forces from the Persian Gulf as it is redeploying them for a prospective war with its largest creditor, China.” ~Salon The Pentagon’s new China war plan

Why did United States attack Libya, Iraq, Afghanistan… Yemen? Why are U.S. covert operatives helping destabilize Syria? And why is the United States government so intent on taking down Iran in spite of the fact that Iran has not attacked any country since 1798?

When you look at the trajectory that we are on it doesn’t make sense at all if you evaluate it based on what we are taught in school. In fact it doesn’t even make sense according to what is being presented by many in the alternative media. But it makes perfect sense once you know the real motives of the powers that be,

In order to understand those motives we first have to look at history…

In 1945 the Bretton Woods agreement established the dollar as world reserve currency which meant that international commodities were priced in dollars. The agreement which gave the United States a distinct financial advantage was made under the condition that those dollars would remain redeemable for gold at a consistent rate of $35 dollars per ounce. The United States promised not print much money, but this was on the honor system, because the Federal Reserve refused to allow any audits or supervision of its printing presses.

In the years leading up to 1970 expenditures in the Vietnam war made it clear to many countries that the U.S. was printing far more money than it had in gold, and in response they began to ask for their gold back. This set off a rapid decline in the value of the dollar.

The situation climaxed in 1971 when France attempted to withdraw its gold and Nixon refused. On August 15th he made the following announcement:

This was obviously not a temporary suspension as he claimed, but rather a permanent default and to put it bluntly it was theft.

In 1973 President Nixon asked King Faisal of Saudi Arabia to accept only US dollars as payment for oil and to invest any excess profits in US Treasury bonds, notes, and bills. In return Nixon offered military protection for Saudi oil fields. The same offer was extended to each of the world’s key oil producing countries, and by 1975 every member of OPEC had agreed to only sell oil in U.S. dollars.

The act of moving the dollar off of gold and tying it to foreign oil instantly forced every oil importing country in the world to start maintaining a constant supply of Federal Reserve paper, and to get that paper they would have to send real, physical goods to America.

This was the birth of the Petrodollar, Paper dollars went out, everything America needed came in and the United States got very, very rich as a result. It was largest financial con in recorded history.

Through 70s and the 80s the U.S. used the financial power gained by the petrodollar arrangement to build the most powerful military in the world,
and when the Soviet Union collapsed in 1991 the United States was left with no rival.

Many hoped that at this point the U.S would start to reduce its military presence across the world, and that a new era of peace and stability would follow…

Unfortunately there were those in high places which had other ideas

Within that same year the U.S. invaded Iraq in the first Gulf war, and after crushing the Iraqi military and destroying their infrastructure, crippling sanctions were established which prevented that infrastructure from being rebuilt. These sanctions which were initiated by Bush senior and sustained throughout the entire Clinton administration lasted over a decade and were estimated to have killed over 500,000 children. The Clinton administration was fully aware of these figures.

http://archives.cnn.com/2000/WORLD/meast/10/30/iraq.un.euro.reut/

Mrs. Albright what exactly was it that was worth killing 500,000 kids for?

In a final act of resistance Iraq began selling it’s oil exclusively in Euros November of 2000.

This was a direct attack on the dollar and on U.S. financial dominance, and it wasn’t going to be tolerated.

In response the U.S. government, with the assistance of the main stream media began to build up a massive propaganda campaign claiming that Iraq had weapons of mass destruction and was planning to use them. In 2003 the U.S. invaded, and once they had control of the country oil sales were immediately switched back to dollars.

This is particularly notable due to the fact that switching back to the dollar meant a 15 – 20% loss in revenue due to the euro’s higher value. It doesn’t make sense at all unless you take the petrodollar into account.

General General Wesley Clark: March 2, 2007

This interview was filmed in 2007 and yet almost all of what General Clark described has come to pass.

In Libya Gahaffi was in the process of organizing a block of African countries to create a gold based currency called the Dynar which they intended to use to replace the dollar in that region. U.S. and NATO forces helped destabilize and topple the Libyan government in 2011 and after taking control of the region U.S. armed Rebels executed Gaddafi in cold blood and immediately set up the Libyan central bank.

Iran has been actively campaigning to pull oil sales off of the dollar for some time now and has recently secured agreements to begin trading its oil in exchange for gold; In response the U.S. government with mainstream media assistance has been attempting to build international support for military strikes on the pretext of preventing Iran from building a nuclear weapon. In the meantime they established sanctions which U.S. officials openly admit are aimed at causing a collapse of the Iranian economy.

Syria is Iran’s closest ally, and they are bound by mutual defense agreements. The country is currently in the process of being destabilized with covert assistance from NATO, and though Russia and China have warned the United States not to get involved, the white house has made statements within the past month indicating that they are considering military intervention.

It should be clear that military intervention in Syria and Iran isn’t being considered, it’s a foregone conclusion, just as it was in Iraq and Libya. The U.S. is actively working to create the context which gives them the diplomatic cover do what they already have planned.

The motive for these invasions becomes clear when we look at them in their full context and connect the dots.

Those who control United States understand that if even a few countries begin to sell their oil in another currency it will set off a chain reaction, and the dollar will collapse.

They understand that there is absolutely nothing else holding up the value of the dollar at this point, and so does the rest of the world.

Rather than accepting the fact that the dollar is nearing the end of its lifespan, the powers that be have made a calculated gambit.

They have decided to use the U.S. military crush each and every resistant state in the middle east and Africa.

That in itself would be bad enough, but what you need to understand is that this is not going to end with Syria, Iran and Yemen.

China and Russia have stated publicly and in no uncertain terms that they will not tolerate an attack on Iran or Syria.

Iran is one of their key allies, and they understand that if Iran falls

then they will have no way to escape the dollar without going to war.

And yet the U.S. is pushing forward in spite of the warnings.

What we are witnessing here is a trajectory that leads straight to the unthinkable.

It is a trajectory that was mapped out years ago in full awareness of the human consequences.

But who was it that set us on this course? What kind of psychopath is willing to intentionally set off a global conflict that will lead to millions of deaths just to protect the value of a paper currency?

It obviously isn’t the president. The decision to invade Libya, Syria and Iran was made long before Obama had risen to the national spotlight, and yet he is carrying out his duty just like the puppets that preceded him.

So who is pulling the strings?

Often the best answer to questions like this are found by asking another question: Qui Bono? Who benefits?

Obviously those who have the power to print the dollar out of thin air have the most to loose if the dollar were to fall and since 1913 that power has been held by the Federal Reserve.

The Federal Reserve is a private entity is owned by a conglomerate of the most powerful banks in the world, and the men who control those banks are the ones who pull the strings.

To them this a game. Your life and the lives of those you love are just pawns on their chessboard.

At like a spoiled 4 year old who tips the board onto the floor when they start to lose the powers that be are willing to start world war three to keep control of the global financial system.

Remember that as these wars extend and accelerate. Remember that when your son or your neighbors son comes back home in a flag draped coffin. Remember that when they point the finger at the new boogie man. Because the madmen who are running this show will take this as far as you allow

What are our chances? Can we change course?… also the wrong question.

The odds don’t matter anymore. If you understand what we are facing then you have a moral responsibility to do everything in our power alter the course we are on regardless of the odds. It’s only when you stop basing your involvement on the chances of success that success actually becomes possible.

To strip the ill begotten power from the financial elites and to bring these criminal cartels to justice will require nothing less than a revolution. The government is not going to save us. The government is completely infiltrated and corrupt to the core. Looking to them for a solution at this point is utterly naive.

There are 3 stages of revolution, and they are sequential. Stage one is already underway.

Stage one is the ideological resistance. In this stage we have to actively work to wake up as many people as possible about what is happening and the direction we are headed. All revolutions originate from a shift in the mindset of the population, and no other meaningful resistance is possible without it. Success in this stage of a revolution can be measured by the contagion of ideas. When an idea reaches critical mass it begins to spread on its own and seeps into all levels of society. In order to achieve that contagion we need more people in this fight. We need more people speaking out, making videos, writing articles, getting this information onto the national and international stage, and we especially need to reach the police and military.

Stage two is civil disobedience, also known as non-violent resistance. In this stage you put your money where your mouth is, or more accurately you withhold your money and your obedience from government, and do everything in your power to bring the gears of the state to a halt. Practiced in mass this method alone is often enough to bring a regime to its knees. However if you fail at this stage, stage 3 is inevitable.

Stage 3 is direct physical resistance. Direct physical resistance is the last resort and it should be avoided and delayed as long as possible, and should only be invoked once all other options have been thoroughly exhausted

There are those talk tough and claim that they will resist when the time comes, but what those people fail to realize is that if you are inactive during the first two stages and save your efforts for violent resistance then you will fail. When the Nazis were moving door to door dragging people out of their homes in Germany that was the time to fight back physically, but due to the lack of ideological resistance and civil disobedience leading up to that moment even an armed uprising would have likely failed at that point. An armed uprising can only succeed if the people have established an attitude of active resistance, and active resistance is only possible after their minds have broken free from main stream propaganda.

If you want to fight back it’s now or never. You’re not gonna get another chance, and the stakes are much higher than they were in Nazi Germany.

Why America Has the Cheapest, Most Addictive and Most Nutritionally Inferior Food in the World

(AlterNet) – Author Melanie Warner talks about her new book “Pandora’s Lunchbox: How Processed Food Took Over the American Meal” in a recent interview:

AMY GOODMAN: As we continue deep inside the $1-trillion-a-year “processed-food-industrial complex,” we turn to look at how decades of food science have resulted in the cheapest, most abundant, most addictive and most nutritionally inferior food in the world. And the vitamins and protein added back to this processed food? Well, you might be surprised to know where they come from. That’s the focus of a new book by longtime food reporter Melanie Warner, author of  Pandora’s Lunchbox: How Processed Food Took Over the American Meal.

Melanie, welcome to  Democracy Now! She’s joining us from Denver, Colorado. Vitamins, vitamin-added food. You think you go to the grocery store, and you want to get a little added punch, and you want to ensure that your kids, that your family, has added vitamins. What’s the problem with that?

MELANIE WARNER: You know, one of the things with processed food that I found while doing this book, is not only that it has an abundance of the things that Michael was talking about—salt, sugar, fat—it’s also what it’s lacking, which, it turns out, is naturally occurring nutrition, in many cases. So that’s vitamins and minerals and fiber and things like antioxidants.

So, you take something like cereal—you know, you walk down the cereal aisle, and you’re bombarded with health messages: It’s high in vitamin D, a good source of calcium, fiber, antioxidants. You see these things all over the package. And one of the things—one of the questions I asked myself when I was starting to work on this book was: Why is it nearly impossible to find a box of cereal in the cereal aisle without vitamins, added vitamins and minerals, in the ingredient list?

And it turns out, because most cereal has very little inherent nutrition. And this is in part because of processing. The processing of food is very intensive. It’s very—it’s very technical, and with cereal, can be very damaging to naturally occurring nutrients, especially vitamins and oftentimes fiber. So, what manufacturers do is they add back in vitamins. So, essentially, you see all these wonderful claims on the package, but essentially—and you look at the panel, and you’re getting 35 percent and 40 percent of your recommended daily allowance of these vitamins, but they’re essentially added in like a vitamin pill, which many people maybe are already taking in the morning.

sheep1And I was really surprised to learn where some of these vitamins come from. I never really thought about it in much detail, as probably most people don’t. But it turns out that they’re—these vitamins are not coming from the foods that contain them. Like vitamin C does not come from an orange, and vitamin A does not come from a carrot. It’s very far from that. They come from things that really aren’t actually foods. Vitamin D, for instance, was probably the most shocking. It comes from sheep grease, so actually the grease that comes from sheep wool. You have giant barges and container ships that go from Australia and New Zealand over to China, where most of—a lot of our vitamins are produced. About 50 percent of global vitamin production comes from China inside these huge factories, very industrial processes. A lot of vitamins are actually chemical processes.

AMY GOODMAN: Wait.

MELANIE WARNER: And they’re very technical and complex.

AMY GOODMAN: A lot of people, if they’re with someone, they’re looking at them right now. Wait a second. So, China gets all these shipments of sheep wool from Australia, and they’re pulling the sheep grease off of them to make vitamin D? Read More Here