Tag: euro

The Yellow Vests Are The New Face Of Bitcoin

By Spencer Kellogg | Spencer_Kellogg

Paris is still burning. While the American public (by way of the American media) has largely been kept in the dark about the intense protests that have engulfed France and other parts of continental Europe, the severity of the situation continues to escalate.

This week, the Yellow Vests called for French citizens to withdraw money from their banks. This action would essentially create a run on the financial system of France and potentially starve the Euro. Officials are calling this their ‘worst nightmare’. In anticipation of the event, some French banks have resorted to limiting bank withdrawals to €150 while others are not allowing customers to access their accounts at all.

Screen Shot 2019-01-11 at 10.16.00 AM

Though a ‘nightmare’ for government officials and the banking elite, a run on the banks would be a rising flare for those that believe firmly in the transformational economic and liberty prospects of cryptocurrencies like Bitcoin. After all, Bitcoin was birthed from the smoldering ashes of the 2008 Financial Crisis and saw its first massive bull run during similar protests across Europe in 2012.

Gilet Jaunes protestor Tahz San has been credited with first introducing the idea of neutering the state’s power by attacking the coffers of multinational banking centers. San posted the following on social media:

“For Act 9, we will scare the state legally and without violence. (…) We all know that the powers of the country are not in the hands of the government but in those of the banks. If the banks weaken, the state weakens immediately. (…) Saturday we will all vote by withdrawing our money to impose the RIC (Referendum citizen initiative) urgently. The operation is scheduled for Saturday, January 12 at 8 am It will be reproduced the following month in case of failure.”

Protestors have called for the bank run to occur on Saturday, January 12st.

Screen Shot 2019-01-11 at 9.52.35 AM

Across France, more than half of all speed enforcement cameras have been destroyed. Leaders in the movement have cited the cameras as a money grabbing measure that adversely affected the poor in France. This comes days after fashion icon Dior moved their Paris show after protestors caused millions of dollars of damage to the Champs-Elysees storefront in November.

The proposed run on banks comes after Prime Minister Edouard Philippe suggested a crackdown on public protests earlier this week. In essence, pulling money from the banking system of France is the last form of legitimate political protest without the introduction of physical violence.

Bitcoin was created for days and weeks and months like the ones we have witnessed in France. It is the greatest destabilizing tool against the weaponized and centralized modern states of power and luxury. Though the protestors began with the simple hopes of overturning an unreasonable fuel tax, they have arrived at the point where real action against purveyors of the empire must be taken.

For now, the Yellow Vests are the face of Bitcoin.



71 Republic is the Third Voice in media. We pride ourselves on distinctively independent journalism and editorials. Every dollar you give helps us grow our mission of providing reliable coverage. Please consider donating to our Patreon, which you can find here. Thank you very much for your support!

Featured Image Source

 

Advertisements

The EU is Flawed, but Not How I Previously Believed

By Owen Heimsoth | United States

Over the past several months, my beliefs on foreign policy have drastically changed. In fact, I wrote this article critiquing a proposed United Europe. Don’t get me wrong, I am still opposed to this idea, but for different reasons.

My opinion on the European Union and general foreign policy has basically taken a one-hundred-eighty-degree turn. I have become sharply more internationalist and pro-globalism. This has been caused by a careful mixture of more research on global affairs, and also life experience.

Quite simply, I made several straw-man arguments in this anti-EU article.

First up was an argument about a potential cultural collision.

Each country in the EU has its own culture. Obviously, some of the better run governments are run in homogeneous countries. In this situation, there are twenty-three different cultures and histories that are to be mashed together. This would become a melting pot bigger than the United States. This doesn’t even include the cultures of different regions of a country.

First off, there is no statistical proof that homogeneous governments are so-called “better off.” In fact, the USA is the melting pot of the world, yet has the highest GDP out there. Culture mixing exposes others to new ideas and teaches those to be more accepting of others. Yes, there may be some cultural clash, but Europeans are also raised having more multiculturalism than Americans like myself.

Next up, I argued that language would become an issue. This ignores the fact that most Europeans, especially those in the West, speak two or more languages.

My last major argument was about religion and the three countries in the EU that have a state-endorsed religion.

Religion would also come into play. There are three countries in the EU that have a recognized state religion-The UK, Denmark, and Greece. There are also multiple countries in the EU that favor a religion but doesn’t list it as official. In the formation of the “United States of Europe,” religions would clash and states would likely leave because of this. State secularism would have to be adopted and many countries would be opposed to this.

This is ignoring the fact that people are increasingly staying away from religion. Actually, being non-religious is the second most popular affiliation in both the UK and in Denmark. This lack of religion is becoming more popular among young citizens.

To finish my article, I argued about 2 failures of the EU. I noted EU-imposed austerity measures as a problem causing the debt crisis, but this is just factually incorrect and simply not the cause of the crisis.

The EU, of course, is not without fault. In fact, there are a number of key issues with it. That being said, straw-man arguments against the union are very common. Despite clear flaws, all government deserve a proper and fair evaluation. By doing so, we can begin to focus on the problems that do exist and further liberty worldwide.


To support 71 Republic, please donate to our Patreon, which you can find here.

Featured Image Source.