I think it's great this is somebody defending uh freedom and standing up against I mean they are laughing while they're giving the fed the middle finger and I just think this is beyond highly entertaining it's very [Music] important hi we're back once again with Alan Hibbert Allan how are you doing I'm great Mike thanks how are you good so Dan sent us both uh an an article recently that was on Zero Hedge uh you've had a chance to look at it so let's go over that you've got it on your
computer here yeah absolutely so the headline here is the Fed is threatening to sue Bitcoin magazine uh and this is from Friday November 3rd uh basically the US Federal Reserve is taking legal action against Bitcoin magazine in an attempt to silence criticism of its recently launched fed now interbank clearing and settlement service okay so there's a cease and desist hang on WE we'll get there so so here's what happened um in a letter sent to the publication right in sent to bitcoin magazine by the Federal Reserve
Bank of Chicago the Central Bank of the United States is claiming that Bitcoin magazine merchandise that parodies its services are not protected speech but rather an unauthorized infringement of its image and trademarks all right does that make sense Mike uh well it would make sense if they were actually doing that yeah okay all right so so there's some merchandising question so Bitcoin magazine by the way which is separate from Bitcoin right Bitcoin itself is not a company but Bitcoin magazine is yeah people a lot of
people that don't really understand cryptos yet don't know that Bitcoin is just basically some code it's an algorithm that people are running on mining rigs all over the world and uh and so there is no like address that you could you can't mail a letter to bitcoin exactly yeah but Bitcoin magazine is a company uh they do put out a magazine of course and tons of other educational materials um they also host the um the largest Bitcoin conference in the world uh it's been in Miami a couple times
it's going to be in Nashville next year they also do something in Amsterdam and they have merchandise and some of their merchandise on their website which looks like this says fed now um and some of it says End the Fed now and they're basically all labeled with Bitcoin somewhere Bitcoin magazine somewhere right yeah um yeah it yeah it has Bitcoin magazine it has their logo um you know looks like an open magazine there um like on the back and if you if you zoom in on one of them here's here's
the trucker hat it says End the Fed now and the O and now they turned into an I an allseeing I with this red dot in the middle so is it the same as the actual fed now logo um I I mean I don't think so if this is the actual fed logo it says 247 instant payments it doesn't have an allseeing eye in there it's it's this Arrow that's an awful logo it's very amateur it looks like a 247 laundry so now you can uh use fed now and they'll laundry your money for you 247 it's available
anytime oh my yes I yeah so I agree this isn't a great logo and it suggests something a little different but that you know whether or not it's a good logo isn't part of the lawsuit so anyways what the Federal Reserve is alleging is that Bitcoin magazine used their um trademarked name and logo uh to make a profit and uh they issued a cease and desist order so so let let's go back and uh pick it up here yeah the dispute centers around the use of the FED now service image and trademark in a line of
merchandise sold by Bitcoin magazine that seeks to criticize the surveillance capabilities of the FED now system and how it threatens American civil liberties okay so the Federal Reserve also alleges the Bitcoin magazine interesting it's it says that it seeks to criticize these things but it doesn't say that they're making these things up it seeks to criticize these things so go ahead yeah no that that's a great point because otherwise it'd be probably liable or slander one of right yeah yeah
I forget I'm not I'm not an attorney right I'm not a a legal professional so I'm I'm not sure exactly you know what constitutes each one of these terms but you make a good point that they're not alleging that they made these things up yeah that's interesting they're alleging copyright infringement and that's it because it seeks to criticize this surveillance threat that the FED now uh system contains so yeah exactly so um so anyways uh the Federal Reserve alleges
that Bitcoin magazine use the trademark without permission to mislead readers okay into believing that a connection exists between the publication and the central bank that's very strange to me but we're gonna we're gonna Circle back to that a real stretch yeah yeah it is okay so in response to the allegations Bitcoin magazine penned an open letter to the Federal Reserve okay so so I want to I want to read that here because it is entertaining and uh a little humorous so dear thadius Murphy Thaddius is the
general counsel for the Federal Reserve on behalf of the entire team at Bitcoin magazine I wanted to take the time to thank you for your thoughtful inquiry and having browsed our online store doing your Christmas shopping early you love to see it let us know if we can send a box of merchandise to any of the 12 federal reserve banks you might enjoy our content from the latest print Bitcoin magazine which discusses the damages your policies have done to our economy and our country please don't hesitate to reach
out with a list of coveted items and we will be sure to send them we want to do our part to stimulate quote unquote the economy I love that well you know actually this would stimulate the economy because this is real uh transactions happening it's it's not sending out free currency to everybody yes we're doing a wealth transfer by creating C exactly then he says on to business we would like to inform you that while we received your cease and desist request we refused to comply we will not be
intimidated by your efforts to silence criticism as you may know our publication and our readership are deeply troubled by the new fed now interbanking Communication System we believe not only that it is possibly unconstitutional but that it threatens the very freedoms that all liberty-loving American citizens should hold dear with that in mind we we believe it is well within our first amendment rights to exercise speech on the issue and to that end we will be defending our right to sell merchandise
that makes buyers aware through fair use imagery our position that this system is a threat to civil liberties then he then he goes on to uh comment on some of the allegations that the Federal Reserve made in their letter so he says I would like to make a few direct comments on quotes present in your letter in order to best articulate what I am sure is to be considered a disappointing response yeah okay so he says quote the Federal Reserve has extensively used and promoted the FED now Mark and has built
up substantial Goodwill in this invaluable asset financial institutions and consumers associate the FED now Mark with the Federal Reserve and its services end quote so that use of substantial Goodwill is interesting that's really what he highlighted here he says an interesting point for starters what Goodwill has the Federal Reserve built up have you seen the state of the working class today perhaps you have already forgotten how fed policy directly led to mismanaged bond portfolios in Regional Banks across the
country such as Silicon Valley Bank signature silvergate First Republic perhaps you have already forgotten about the historic inflation rates seen throughout the us since government imposed lockdowns all but forced the treasury's hand to stimulate the economy to the tune of trillions of dollars there is no Goodwill Mr Murphy and certainly not substantial Goodwill either whe let me pause there Mike any any reaction to that well it's um it it's I think it's great this is somebody defending uh
freedom and standing up against I mean they are laughing while they're giving the fed the middle finger and I just think this is beyond highly entertaining it's very important that uh you know after we've seen these lockdowns and the censor censorship by uh social media media and uh the government sort of directing a lot of social social media to uh pump a certain narrative uh and and to censor any opposition uh this is really great that uh you know this is is a private entity it isn't I don't know what size uh
Bitcoin magazine is but I'm sure it's not huge this isn't like uh Elon Musk buying Twitter and uh not doing what the government wants it to do and other people this is a a much smaller business just saying you know this is the United States uh we get to think what we want and do what we want unless we're harming somebody else and uh uh I I think this is just absolutely wonderful so go on and read more of it because uh it I think it's funny and just remember that they are and you know they're writing down words
but it is like uh smiling while they're giving the fed the middle finger yeah yeah exactly exactly I love it and you know what I I wouldn't even have known about this merchandise if it weren't for this article coming out and and the article wouldn't have come out if it weren't for the lawsuit so right it's interesting that it's generating all this attention that otherwise wouldn't have been there exactly all bet their merchandise sales exploded because of this yeah yes and probably the
opposition to Fed now is also going to explode as a result of of the lawsuit so so so yeah let me keep going so just to repeat there is no Goodwill Mr Murphy and certainly not substantial Goodwill either okay so another quote from the Federal Reserve complaint quote the Federal Reserve recently learned that Bitcoin magazine is selling T-shirts hats and other wearables bearing the FED now name as shown in the screenshot below Bitcoin Magazine's use of the FED now Mark in this manner is likely to
cause confusion mistakes or deception consumers are likely to believe that the gear is associated with affiliated with or endorsed by the Federal Reserve when no such Association or relationship exists end quote okay that's hilarious um I don't think a lot of people would be confused but so so here's how he responds to this he says this is false Bitcoin magazine is exercising its first amendment rights to social commentary and parody I'm sure you'll notice the allseeing eye that symbolizes the state
of total Financial surveillance that your agency is seeking to impose on the American Financial system we do not believe that anyone that is familiar with our editorial guidelines and general stance on the world would ever associate Bitcoin Magazine with the Federal Reserve we agree with your assertion that quote no such Association or relationship exists yeah I mean that it it seems obvious to me that anyone who knows what Bitcoin magazine is and knows what the FED Reserve is knows that these are
essentially you know in the opposite corners of the ring you know they're they're not they're not not the same entity and they don't have a working relationship yeah yep um so final two paragraphs here we have no interest in causing confusion mistakes or deception that sounds more like a job for those responsible for telling the market they wouldn't raise interest rates after a massive monetary expansion and then went on to raise them faster than at any time in US Financial history so
they're not just um smiling while they give the fed the middle finger they are rubbing the fed's nose in the monetary uh uh feces that the feder reserve has created yep go ahead and Y okay final paragraph we look forward to defending our first American uh rights excuse me First Amendment rights I knew that sounded wrong I said and the opportunity to make clear to all Americans the difference between the open free and decentralized financial system that is Bitcoin and the centralized fed now
system that threatens our nation's founding values best Mark Goodwin editor and chief of Bitcoin magazine I would suggest that everybody read this for themselves just because this is uh basically you know it's it's a call to stand up for freedom and uh you don't want to be sheep being led around uh and you want to make your own decisions and decide what is best for you so I'm not saying that anybody should do any particular thing just uh always uh keep in mind that you're an
individual and you don't have to go along with what the government says yeah exactly so yeah I I think that the distinction highlighted in this last paragraph here um between the centralized fed now system and the open free decentralized system that is Bitcoin I think that's a really important distinction and I would encourage everyone to study the two just take some time study one study the other see what you want you can use both you can use one or the other um but uh yeah I I think just you mentioned earlier
that um you know in look poking around their website you really couldn't find uh a good definition of what fedcoin is where it uh describes actually how it functions and how it can be used uh but you know from what everybody uh thinks it can be used as is is a surveillance device and uh a device of control where they can decide that you will be able to make a transaction or not uh which gives them the control over travel and uh you know a whole bunch just a huge range of things so it's just the government well
they're not the government they're private but they're influenced by the government but it's it's giving it's it's once again turning over more control uh to other people deciding what your how your life is going to be you know what the outcome is going to be and whether or not you should even be living here or not on this planet so yeah so yeah yeah exactly so um in poking around their website which I want to show in just a second okay it was hard to find find um a good reliable explanation of
how it works not not in a meaningful sense not in a deep sense um and I think that's because it is centralized whereas Bitcoin if when I try to figure out how Bitcoin works it's easy I can find the white paper I can download the code I can look at everything it is open it's free and it's decentralized so I can you can anybody can download the code read the white paper play with it themselves and it doesn't cost anything to do that however going to to the FED now website you know poking around and reading some
of these links trying to figure out how does this work hi I just wanted to take a moment and thank you for subscribing and mention that if you'd like to help our Channel please consider my company goldsilver.com the next time you buy precious metals we're one of the most trusted names in the industry our prices are sharp delivery is fast and we have an insiders program where you find out exactly what I'm doing with my own Investments thanks for making goldsilver.com your dealer and now back
to the video some of these links trying to figure out how does this work um at at a base level I couldn't really find anything now granted I didn't read every single page here and every single bit of text but I will spend more time on it what I could find is um excuse me this tab here understanding Instant versus faster clearing and settlement and this by the way comes from instant instant payments University which is on the the the fedn now.org website they created instant payments University with all these
bite-sized lessons uh that explain all these different topics however none of them really answer the questions that I have it's all questions that probably nobody would have so so let me just without clicking on each one let me just read some of the titles and see if you notice so this is just a sales pitch to advertise it and they're calling it a univers right I guess I mean yeah it's it's like they they just keep highlighting how instant payments are and how much faster they are and they explain it in text
only without even using like visuals um without having like a graphic that shows one person to another or an account to another uh it's it's all just text Bas and it talks about the different types of faster payment transactions what are faster in instant payments the anatomy of an in instant payment but again without a visual it's just text exploring the benefits of instant payments instant payments at a glance for payment service providers discover the benefits of faster payments like who
doesn't know what's good about a fast payment instant and faster payments around the world so I mean this is this is really strange it it strikes me as like you know a car salesman who who has like a rusted piece of junk with no tires just just sitting there and he's trying to sell it to you saying oh look the seats recline you know you're going to love this car and it's like you know it's ridiculous it's just focusing on the benefits without acknowledging uh the costs or the potential downsides and
you know the potential downsides are surveillance you know freezing your accounts having your money confiscated not being able to travel not being able to buy food I mean the list goes on and on you could essentially be cut off from society because of a centralized organization yes right this is the uh China model yeah yeah yeah okay exactly so so anyways we you know the the the issue here the original article we were looking at is just a lawsuit that that the FED now logo is being used um in properly they issue a cease and assist
Bitcoin magazine isn't going to comply we'll see how it it PL pans out in the future it's kind of it's kind of a nothing issue but like we said earlier it generated so much attention now people are going to be paying attention to it and paying attention to Fed now and how it uh violates our constitutional freedoms so I actually think it's a big big issue just because of their response that you know they stood up and said I'm sorry but you can't intimidate us we're
gonna stand up for freedom I think that's just awesome yeah oh I agree it's definitely a bold response to in my mind like like we used your logo I mean that's not like that's not a crime I mean you can you can take legal action but to to me it seems like a silly issue but it is a bold respon the response is more important than the issue so maybe I wasn't clear about that and to me there are basically two ways to uh circumvent this control that they're trying to impose on us and that is
cryptos and gold you know precious metals gold and silver and those are the two main ways to not buy in to uh becoming part of this surveillance State and Total Control exactly yeah physical gold and digital gold uh yeah yeah so I've got a Meme here there should be another asteroid coming in though you know in episode eight of hidden secrets of money uh where it's uh you know from Bitcoin to hashgraph uh I do say that the the world's central banks and this was done back in 2014 when they thought that
Bitcoin and you know distributed Ledger the blockchain that this was just a joke it was just going to go away it was a fad and they just ignored it and until it became so big and it was coming up on them so fast that they actually had to do something fine uh and uh I said that they are like dinosaurs looking up at this bright thing in the sky coming at them and you know not realizing that their own demise is imminent yeah no exactly and when you said that they at first they were just laugh in that reminded me of the quote
that I think is from Gandhi first they ignore you then they laugh at you then they fight you then you win yep it's like that's exactly how it's playing out here so yeah amazing so I have one other Meme here it's a it's a quote from Murray rothbard he says who wants good people in government good people should be in the private sector helping us out helping themselves out we want Schmo in government we want people who can't find the door why waste productive people as well as
looting the taxpayer that's a funny take I it's great uh the only problem is we do have Schmo and government that can't find the door knob but they still uh tax us and lot us uh so well and then put all of these impediments uh in front of progress and trade and uh the markets that uh you know I believe that really damages our prosperity and one thing about Prosperity when a transaction doesn't happen uh today you know 10 years ago from that has uh diminished our prosperity out in the future
permanently and you can't go back and fix a transaction that didn't you know that that didn't happen because of a law a regulation over taxation uh all of those things so anyway yeah yep exactly all right one final one to to end us off here the people who are 30 trillion in debt are giving you a credit score that's awesome well thank you so much and thanks everybody for watching please like subscribe and smash that thumbs up hi I just wanted to tell you about gold Silver's 111 ounce silver
giveaway where you can win win win 111 one 1 oz silver bar one 10 oz silver bar and one 100 oz silver bar so enter today and win
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