Musicinventor
Jedi Master
Please correct me if I’m wrong… the U.S. treasury doesn’t have a tin can to pee in let alone a pot, isn’t this just another form of fiat currency, one that is as we’re aware, designed to be controlled by the PTB?
Role of Crypto/Cybercurrencies in the PTB's loss of control?
- Thread starter Ryan
- Start date
axj
The Living Force
Catherine Austin-Fitts thinks that the US wants to let other countries launch CBDCs first and then learn from their experience and mistakes in order to then set up a "near perfect" CBDC system in the US. Currently the state of CBDC development in the US is surprisingly far behind many other countries.
axj
The Living Force
Of course, except CBDCs allow even more intricate control of each individual - they are "programmable" and can be connected with a social credit score, CO2 wallet, limit what you are allowed to buy or even where you can buy (eg. only within 10 miles of your home).
Much of it could be done with the existing fiat currencies too, though it is far easier with a CBDC. The real danger comes from restricting or banning cash - if cash survives, they cannot fully implement their totalitarian CBDC fantasies.
BHelmet
The Living Force
My guess is they are ready to implement and the story about wait-and-see/US-is-lagging is just that: a story.
When they do pull the trigger and allow the system to dump, there is a chance the remaining cash in circulation could still retain a value in a parallel barter economy at least partially because of simple scarcity.
The key to this thread is if bitcoin is a bastard creation of the deep state or not. And then also the on-ramp/off-ramp issue. That could be part of the “bridge to nowhere” comment. So you have a bunch of bitcoin, then peer-to-peer transfers become key. I would assume the legal path for bitcoin will be into CBDC only as the avenue of exchange. One other thing I would bet on is the creation and maintenance of a crypto vehicle for dark money transfers between fat cats and the big power brokers while the CBDC is for the rest of us schlubs. Monero may already be that rich kids plaything.
On the third hand, what does it matter if the grim reaper and his comets are waiting in the wings? Ah well, still gotta play the game like it’s never going to end.
When they do pull the trigger and allow the system to dump, there is a chance the remaining cash in circulation could still retain a value in a parallel barter economy at least partially because of simple scarcity.
The key to this thread is if bitcoin is a bastard creation of the deep state or not. And then also the on-ramp/off-ramp issue. That could be part of the “bridge to nowhere” comment. So you have a bunch of bitcoin, then peer-to-peer transfers become key. I would assume the legal path for bitcoin will be into CBDC only as the avenue of exchange. One other thing I would bet on is the creation and maintenance of a crypto vehicle for dark money transfers between fat cats and the big power brokers while the CBDC is for the rest of us schlubs. Monero may already be that rich kids plaything.
On the third hand, what does it matter if the grim reaper and his comets are waiting in the wings? Ah well, still gotta play the game like it’s never going to end.
Musicinventor
Jedi Master
India tried that back in 2016 and it failed miserably. People in local areas shunned the digital currency and continued to use cash. Is it possible we might see a replay?
Love of cash hinders India's move to digital economy
India's dependency on cash may slow the country's transition to digital payments despite large numbers of internet and mobile phone users. Sudhir Shinde, a farmer from Satara district in India's western state of Maharashtra says he withdraws more money from his bank than required as the money...
axj
The Living Force
The CBDC in Nigeria also failed miserably more recently. It is of course likely that "they" will learn from their mistakes, though I am still sceptical that the CBDC plans will work. It might actually be one of those things where they try to go too far and wake up even more people.
Mike Benz has a theory that Tether and Circle are basically money-printing operations for the Department of Defense.
Why run expensive drug/extortion operations around the world to fund regime change operations, and not just print all that money using crypto? There can't be a straight line from the Fed to a prime lender bank to a CIA 'democratic institution' to agents provocateurs.
Tether is pegged to the US dollar at a 1-1 ratio. It's a useful token for people who don't want to convert their crypto into fiat to buy a different crypto, as each of these exchanges is liable to fees.
Tether is also pegged to the NSA, according to Benz, and after its inception, it now has billions of Tether tokens. It's #3 in terms of market cap - so it's super popular. But no one has ever seen the source bank account that backs up these Tether tokens. It's never been audited.
Benz states that the usual money-mills like drug running can't provide enough funds for Team America World Police, so they turned to conjuring up Tethers out of nothing, instead of printing dollars and running them through their other usual money-mills, which IMO would be more expensive, and also America isn't in charge of other nations as it once was - such as the poppies in Afghanistan.
So it's looks like stablecoins could be a private Federal Reserve for US warmongers.
He also uses the metaphor as a game of musical chairs, same as the session:
It's protected by some of the most powerful forces on the planet, so it will continue to increase like crazy, but he claims eventually they will tear it all down, and profit from the misery.
Why run expensive drug/extortion operations around the world to fund regime change operations, and not just print all that money using crypto? There can't be a straight line from the Fed to a prime lender bank to a CIA 'democratic institution' to agents provocateurs.
Tether is pegged to the US dollar at a 1-1 ratio. It's a useful token for people who don't want to convert their crypto into fiat to buy a different crypto, as each of these exchanges is liable to fees.
Tether is also pegged to the NSA, according to Benz, and after its inception, it now has billions of Tether tokens. It's #3 in terms of market cap - so it's super popular. But no one has ever seen the source bank account that backs up these Tether tokens. It's never been audited.
Benz states that the usual money-mills like drug running can't provide enough funds for Team America World Police, so they turned to conjuring up Tethers out of nothing, instead of printing dollars and running them through their other usual money-mills, which IMO would be more expensive, and also America isn't in charge of other nations as it once was - such as the poppies in Afghanistan.
So it's looks like stablecoins could be a private Federal Reserve for US warmongers.
He also uses the metaphor as a game of musical chairs, same as the session:
It's protected by some of the most powerful forces on the planet, so it will continue to increase like crazy, but he claims eventually they will tear it all down, and profit from the misery.
axj
The Living Force
I'm not sure about that actually. The US government spending is no longer open to the public since 2019 anyway (FASAB 56). And even in the decades before it, tens of trillions in US government spending is unaccaunted for, as Catherine Austin-Fitts and others have documented. So they have more than enough untraceable money for their operations (CIA or others) and the few billions in Tether profits are "just peanuts" in comparison.
Coming soon to a bank near you?
www.patelco.org
www.mx.com
Security Update - Patelco Credit Union | Personalized Banking and Financial Services
Security Update
Patelco Credit Union is the 28th largest credit union in the US with $9 billion, before this cyberattack.
Largest U.S. Credit Unions by Asset Size in 2023 | MX
A list of the 250 largest credit unions in the United States by asset size according to data from the NCUA as of December 2022.
www.mx.com
Bitcoin is whatever the controllers decide it is, so it's another form of fiat currency.
www.bitcoin.com
What is Bitcoin Cash? | Learn all about BCH | Get Started with Bitcoin.com
Bitcoin Cash is a decentralized peer-to-peer electronic cash system that does not rely on any central authority like a government or financial institution.
www.bitcoin.com
Jim Daniels
Jedi
Not really. A "fiat currency" is generally defined as:
Bitcoin is backed by a physical commodity; the electricity that was used to create it.
New Bitcoin is issued by the independent Miners who create it, not by any government or central authority.
The supply of Bitcoin cannot be directly managed by Gangster Government monetary policy.
Bitcoin cannot hyper-inflate because the supply is fixed. Only 21 million Bitcoin will ever exist.
However, The Powers That Be are currently working very hard to co-opt Bitcoin and turn it into just another Central Bank Digital Currency for use in the Global Panopticon Perfected Slave Planet they are building.
Bitcoiners resist, but at the moment we are losing that war.
Not really. A "fiat currency" is generally defined as:
View attachment 98762
Bitcoin is backed by a physical commodity; the electricity that was used to create it.
New Bitcoin is issued by the independent Miners who create it, not by any government or central authority.
The supply of Bitcoin cannot be directly managed by Gangster Government monetary policy.
Bitcoin cannot hyper-inflate because the supply is fixed. Only 21 million Bitcoin will ever exist.
However, The Powers That Be are currently working very hard to co-opt Bitcoin and turn it into just another Central Bank Digital Currency for use in the Global Panopticon Perfected Slave Planet they are building.
Bitcoiners resist, but at the moment we are losing that war.
Bitcoin was created by the CIA. So it's not being co-opted IMO, it's just being revealed as what it truly was all along.
Jim Daniels
Jedi
That is certainly possible.
It's true that Bitcoin was created specifically and purposefully to destroy and then replace the U.S. Dollar, and the corrupt International Banking System.
That is precisely why I've supported it for the last 12 years.
Do you have any other evidence Bitcoin was created by the Central Intelligence Agency?
Wandering Star
The Living Force
So I see it possible that you have become significantly enriched, so your judgment may be somewhat biased or inclined to one side.
Unless someone asks that agency, it's difficult to find out.
