Free Bitcoins

Coinbase have a Beta campaign with a referal program and gives anyone who signs up 0.10 Btc for free.
But the program seems to be buggy so instead it gives a whole 0.20 Btc to the one who signs up.
Sent it to my friend and he got 0.20 Btc.

So here you go.

https://coinbase.com?r=5028d53bbc8ece0002000048

If you do not know what Bitcoin is.
Its the only electronic money that private banks does not own!
And that banks hold a monopoly and can create it out of thin air for an interest.

Look up fractional reserve banking.
Which is the system we have today.
It means that whenever someone takes a loan, the banks creates that loan out of air.
It writes the loan as a number on you electronic account.

But the account does not show you how much money you have. Only how much money you have deposited at the bank.
If more than 10% want to take the money out. There is no money!
Since the money was created out of air.

The system is based on a goldsmith fraud.

For this money out of air. They charges you an interest for lending these money.
This means that as most money is created as loans today with an interest. There is more interest created than there are money! Making it impossible to pay back all the loans.

Which has led to the current collapse.

And you having your money at your bank, means you have borrowed your money to the bank, for this the give you an interest rate. Since this means they can now multiply your money 10 times again and create even more loans out of nothing.

This whole corrupt banking system is behind the corruption in the US and the current economic crises.

Think about this really hard.

The bank creates money out of nothing.
They risc zero of their money or assets.

(Its impossible to do this with Bitcoin, you can only lend a Bitcoin you have. And when you have lend it out, it does not belong to you anymore!)

Thats how most people think the banks work and how it should work.
Though Bitcoin might fail, its a try to create a sound money. Not owned by corrupt banksters.

Such as these:

http://www.youtube.com/watch?v=0oV2mI0IYp8

If you want to know how this corrupt system started:

If you can not repay that money created out of air.
They take your house. The system is based on the fraud that the bank fools people into thinking its lending out assets it does have. When in fact it simply does not have any of the asset its lending out.

Do we have the same corruption in Europe? YES.

(For example this was never reported in mainstream media.)
http://www.zerohedge.com/article/meet-35-foreign-banks-got-bailed-out-fed-and-just-cpff-banks

If you want to know more:

Check out movies such as Money as Dept I,

Money As Debt I
Del 1
http://www.youtube.com/watch?v=rC720Cl3N-0

Money As Debt I
Del 2
http://www.youtube.com/watch?NR=1&feature=fvwrel&v=nUChuUo0ZhY

Money As Debt I
Del 3

Money As Debt I
Del 4

Money As Debt I
Del 5
http://www.youtube.com/watch?v=czZiPkcpL5Q&feature=related

Some feedback on these:

Two gentlemen from the American Monetary Institute in the USA also saw the animation.
One described my cartoon as “far and away the best explanation of fractional reserve banking” he had ever seen.

Money as Debt and Money as Debt II are THE BEST learning tools I’ve found in teaching about our monetary system.
These two videos should be viewed by every economics student and every adult who say they want to be competent citizens.
-Carl Herman, National Board Certified teacher of Economics.

…let me congratulate you on your excellent exposition of the process of money creation and the role of money in a credit-money economy.
In my view it is 100 percent correct.

Prof. Dr. Mathias Binswanger
Professor of Economics
University of Applied Sciences of Northwestern Switzerland

What does this system mean?

Well it means that those who have owned the FED and the Banks who own the FED have been able to print money for themselves, giving themselves billions in loans, which they have than “invested” into major companies such as oil companies etc who do make real money.

Another way would be to give out a loan with lower interest than what you get at another bank.
Have they done so?
Yes.

Such as this free loan to Mark Zuckerberg.

http://www.businessweek.com/videos/2012-07-16/zuckerberg-s-1-dot-05-percent-loan-shows-how-wealthy-stay-rich

Things such as that is not possible with a system such as Bitcoin.

I hope you don’t mind that i am going to close this topic. We have over three bitcoins topics now, i think that is more than enough.