My troubles are not the fault of my father | Feed the rich, tax the poor from the ECB | Bitcoin can bring freedom to Africa

My troubles are not the fault of my father | Feed the rich, tax the poor from the ECB | Bitcoin can bring freedom to Africa

I am no longer blaming my father for my troubles

I said last week that my father is my biggest liability.

Well, since last week I have had some time to reflect.

I remember when I put it to my mother that Dad was blackguarding me she responded by saying that "he means well".

And this is basically what he told me himself: that I would have ended up in jail had he not intervened and gotten me committed to the psychiatric unit in Tralee.

Even Ollie, my friend, says the same.

Ollie tells me everytime I raise the issue that 'they are for your own good'.

And also, let's not forget what my father and mother are being told by the psychiatrists who see me: "Eoin has a serious mental illness and needs treatment".

And my father is inclined to believe the professionals 10 times out of 10.

He is never inclined the doubt or question the professionals when it comes to their opinions on me and my mental illness.

So today, after making these realizations, I am no longer inclined to blame my father for my troubles and I am no longer angry with my father.

I can only put this down to my regular, twice-daily meditation practice.

Were it not for my meditation practice, I would be going around like a loose cannon, fighting with everyone and not having any insight in why my father gets me committed every time.

He is trying to keep me out of harms way and out of jail.

I wish my mother would allow him to read the book I bought on amazon for him entitled 'Psychiatric drug withdrawal'.

It would really open his eyes and bring him onside with me and how I view psychiatry and mental illness.

How the ECB's bond-buying programme is in reality a staelth tax on the poor

The European Central Bank (ECB) has been engaged in an extensive bond-buying program for some time now.

How this works essentially is that countries within the eurozone and have the euro as their currency issue bonds and these bonds are purchased by the ECB.

The informal term used to describe this is debt monetization - countries issue debt - bonds - and these bonds are essentially converted into money.

They are basically creating money out of debt.

Where does the ECB get the money to buy these bonds?

The ECB creates this money out of thin air and sends it to eurozone member nations in return for their bonds.

The effect that bond-buying has on the eurozone economy is that the money supply is increased, thus driving up the cost of everything.

This benefits the wealthy, those who have assets to their name, in the sense that prices for these assets - stocks, property, etc - increase in tandem with the increase in money supply.

What about those members of society who do not have assets to their name - who live paycheck to paycheck?

These people struggle immensely because the cost of everything goes up due to the increase in the money supply and they do not own assets whose prices go up proportionately.

So, whilst the ECB is engaged in bond-buying in an attempt to help the poor, they are in effect imposing a tax on the poor because their cost of living goes up but their income remains static.

A better way would be for society to adopt bitcoin as money.

Bitcoin is not inflationary and holds its value over time.

There would be no way of monetizing debt or printing more money since the bitcoin money supply is static and cannot be arbitrarily increased such as with fiat currencies like the euro and dollar.

For the oppressed African, freedom is just a download away

Alex Gladstein this week in Bitcoin Magazine wrote an eye-opening article about present-day French colonialism in Africa.

80 years ago the French government, during their colonial era in Africa, created the CFA, pronounced 'Ceefa'.

The CFA is a currency of 15 west-African nations and still exists to this day. There are 15 African countries in the CFA.

The CFA is how France maintains control over these countries and is how France benefits monetarily from their long-held relationships with these countries.

France implements polices which are favorable to itself on these countries, using the CFA.

They can only import from France and their exports can only go to France. If they try to have it any other way, the heavy hand of the French army comes to bear upon the government and leader of that African country.

Bitcoin offers a way out of this blatantly unfair and unreasonable arrangement.

The people of these African nations can, without seeking or requiring approval from some government bureaucrat, take back their divine rights to freedom and sovereignty simply by using bitcoin as their money, rather than the CFA.

Just download the wallet, purchase some bitcoin and start paying for your daily goods and groceries in bitcoin using an electronic wallet stored on their phones, similar to what is now happening in El Salvador.

And from someone who has been living under the oppressive rule of an African dictator all their lives, when they start using bitcoin they start to feel a certain sense of freedom.

For the first time in their lives, they can survive without adhering to the laws instituted by government.

Freedom isn’t merely an idea. When an individual feels and knows he is free, all sorts of changes take place, even on a physical level:
Brain function increases and quickens. Endocrine levels optimize. The cells of the body awaken to a higher degree, and energy output rises.

I last had this kind of feeling of freedom when I was in China in 2007, riding around on a motorbike without a helmet or a shirt on my back.

When one feels free, it is a feeling that he never wants to let go. It is a feeling he will do anything to hold on to.

Bitcoin is about to bring this feeling of freedom to the entire world, I am beginning to believe.