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/liberty/ - Liberty

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WARNING! Free Speech Zone - all local trashcans will be targeted for destruction by Antifa.

File: 9e9ff055862aeb9⋯.png (6.23 KB, 1024x683, 1024:683, Agorism_flag.svg.png)

 No.86122

There's this growing notion popularized by ancap Youtubers that when the the petrodollar collapses and/or the Fed raises interest rates, most of not all the dollars in the world will repatriate, hyperinflating the dollar and send not only the US economy, but European economies crashing down. The aftermath will send the population looking for assets to retain their wealth, most prominently cryptocurrencies due to their decentralized, nearly impossible-to-trace nature, and low cost and ease of use. This will cause the value of cryptocurrencies to skyrocket causing more people to put their money in cryptos creating a counter economy larger than the state. And because the state can't freeze or control cryptos or track who's trading with who, they'll be powerless to stop the counter economy that will create militias and private security industries to defend themselves and their clients, making the state obsolete.

 No.86127

File: 4c2d74ea10067ce⋯.jpg (100.47 KB, 881x719, 881:719, 1437700080860.jpg)

You are falling into the same "the people will wake up" failed mentality Marx fell when he thought the working class would rise up against elites world wide. No economic fallout has ever changed anything other than who controls the institutions that created the fallout. This was back when state propaganda was very small and social engineers had little to no power.

Now with democracies, through power alternation, there are mechanisms that simulate "real change" with no actual change at all. American elections are the biggest examples of this. People are dozed off into a state of "everything will be alright now" and toss away any moral responsibility to change things . Some right-wingers I followed on social media short after Trump's election noticed this (but fell victims to it, as always).

In a scenario where the American state starts collapsing because of an economical fallout, they will simply block any and all crypto activity (because that is where people are gonna go first) and do all the violent shit governments always do. But it doesn't end here. Most people will simply agree and continue to support the same institutions that got them screwed. The rest of us will continue to have to rely on evermore obscure tech to scape the statist horrors.


 No.86132

>>86127

Let's not forget that Marx was living in an era where revolutionary waves were fashionable.


 No.86149

>>86127

You're assuming there'll still be confidence in the government and the economy when the rug is pulled from under the people. They won't rise up against the government, but they will do what's best for them, to the detriment of the state like using the black markets and cryptocurrency. You're also assuming people won't mine cryptocurrencies, and that the state has the power to shut them down when all evidence points to the contrary.

In Venezuela, people are using and mining cryptocurrencies in their day to day lives, and in spite of the government cracking down on cryptocurrencies, their use lives on because the people there recognize the advantages cryptocurrency has over the Bolivar, not because they're libertarians, but out of survival. Economic fallout may not have changed anything in the past, but there's another factor at play here, one that's decentralized, difficult to trace and is a store of value.

This is incentivising people to act libertarian, even though they may not believe in libertarianism. Now take a shitty economic situation, combined with an armed populace who just lost faith in their government and economy and a decentralized store of value, and the situation will be far different compared to past economic crises when shit hits the fan in a few years.


 No.86154

>>86122

>Eurpean economies crashing down

but we have € not $


 No.86159

File: 3ea8dcb4985f6ac⋯.jpg (19.06 KB, 326x145, 326:145, 0 intrest.jpg)

>>86122

Black Market money is still in the economy.

>mfw I see ur subject




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