Wednesday, May 22, 2013

Should Palestine switch from the shekel to Bitcoin?

Russia Today reports Should Palestine switch from the shekel to Bitcoin - new bitcoin world, rent bitcoin miner, bitcoin news, latest bitcoin news, new bitcoin world, asic miner, asic bitcoin, free bitcoins
RT, Published time: May 21, 2013 07:52. The money that circulates most in the Palestinian Authority (PA) is the Israeli new shekel; guided by an interest rate policy set monthly by the Bank of Israel, which dictates Palestinian finances.

Palestine has tried for decades to establish independence, but Israel has not been willing to give up its colony, so the occupation continues.

But for the first time in history, an emerging country like Palestine has the ability to secede from its occupying overlords by adopting its own cryptocurrency: Bitcoin. Not a shot needs to be fired. No UN votes are needed. No global peace talks. Just Bitcoin for the win.

Pluses include; money can be sent in and out of Palestine completely unmolested by the international bankers who have conspired with Israel to keep Palestinians behind Israel’s apartheid wall; both physical and monetary.

Remember it was an international boycott of UK's Barclays bank that ultimately brought down the apartheid regime in South Africa. Here we have a slightly different situation in that Barclays bank is now part of a government controlled system that relies on rigging Libor, energy, credit default swaps and precious metals markets and there are no exceptions to this rule by manipulation, so mounting a boycott is virtually impossible. Not only has Barclays become 'too big to fail' but it has also become too big to hold accountable for international human rights abuses. (same for the other three big UK banks and the biggest banks in the US too). - Read more here:

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