Special Reports & Tweets - 20131004_SpecialReport_Alex Aired: 2013-10-04 Duration: 04:58 === Feds vs. Bitcoin (03:09) === [00:00:00] About a week ago, the FBI arrested the man who allegedly owned Silk Road, an online source [00:00:16] of illegal drugs that accepted only bitcoins. [00:00:19] What is most interesting is that the FBI has not yet been able to seize over 600,000 bitcoins without his password. [00:00:26] The FBI can't crack it? [00:00:28] Or maybe they don't want to crack it. [00:00:30] Maybe they want to use it as an excuse to try to shut down Bitcoin. [00:00:33] While the war on drugs has been an absolute failure by any metric, the war on property rights and the war on due process has been a resounding success for the Feds. [00:00:42] We've seen an abuse of civil forfeiture without due process, without people being charged with a crime, and many cases of people who have their property seized are never charged with a crime. [00:00:52] So one of the key reasons to stop prohibition is the ludicrous unconstitutional extremes the government has taken in property seizures. [00:00:59] But it isn't just that bitcoins are hard for the Feds to seize. [00:01:02] They also offer something that Feds hate even more, and that's privacy. [00:01:07] Under the Bank Secrecy Act, financial institutions are required to report transactions to the Feds and must also, quote, know, in other words, verify, customer identities. [00:01:16] In other words, the Bank Secrecy Act means there is no secrecy with banks. [00:01:21] But as we've seen with HSBC, when large banks know their customers are drug cartels or terrorists, the feds leave them alone if they're a big bank that supports the central bank fiat money scheme. [00:01:32] HSBC was caught laundering money for Sinaloa and Zeta drug cartels. [00:01:36] They were caught laundering money for Hamas, Hezbollah and Al Qaeda. [00:01:40] Yet Assistant Attorney General Lanny Brewer said HSBC would almost certainly have lost its banking license in the US. [00:01:47] In the future the institution would have been under threat And the entire banking system would have been destabilized if they hadn't just given them a slap on the wrist. [00:01:56] If they had enforced the laws against money laundering. [00:01:59] But HSBC was too big to jail because they serve the fiat banking system and they partner with the Feds in running drugs and in arming terrorists. [00:02:10] The Feds hate Bitcoin because it serves as an alternative to their banking system and their control. [00:02:15] They would love to destabilize it, but that's not going to be easy. [00:02:20] If the government tries to shut down Bitcoin like they did Liberty Reserve, they're going to have a problem. [00:02:25] There is no single person for them to move against like Budofsky at Liberty Reserve. [00:02:30] Bitcoins are both anonymous and decentralized, so it will be very difficult for the Feds to try to shut it down. [00:02:36] If they do, they will drive it underground. [00:02:39] But if they can get a hold of the 600,000 Bitcoins, which are 5% of the outstanding total of Bitcoins at the time, they could try to destabilize it. [00:02:48] Good luck with that. [00:02:50] It will be very transparent if they try. [00:02:53] For InfoWars Nightly News, I'm David Knight. === Resist the Masks! (02:04) === [00:03:00] We take this business of waking people up very seriously here at InfoWars. [00:03:07] up very seriously here at InfoWars. [00:03:09] That's why we have such a huge outreach operation. [00:03:12] And it wouldn't be possible without the InfoWars magazine. [00:03:16] And we have a very special October edition for you. [00:03:19] We're gonna make it super easy for you to get interactive with your friends and family by giving you these lovely cutout masks. [00:03:26] Not one! [00:03:28] But two very scary educational tools for you to hit the street. [00:03:33] Join with the collective. [00:03:35] Just go to sleep and when you awaken, there'll be no more free will. [00:03:40] And whatever you do, don't get a copy of October's special InfoWars.com magazine. [00:03:47] Whatever you do, don't resist. [00:03:49] Give in. [00:03:52] 260,000 of you could be out there as Obamacare or Prozac, the killer clown. [00:04:01] Hi kids! [00:04:02] It's me, your favorite selective serotonin reuptake inhibitor! [00:04:06] Just cut along the dotted lines, cut some holes for the eyes and attach a few rubber bands and you are ready to wake up America this Halloween. [00:04:14] Remember kids, Obamacare is for you and your family, and so is Prozac and Ritalin. [00:04:20] So whatever you do, don't secure your copy of InfoWars Magazine, and resist, because death is good for you. [00:04:28] RAAAAAAAAR! [00:04:36] RAAAAAAAAR! [00:04:43] You can pick up your copy today at the InfoWars store. [00:04:46] You can always buy these in bulk at cost, and for a limited time, the annual subscription is just $39.95. [00:04:54] Call now, because operators are standing by. [00:04:57] Obama, we have you!