There is one serious problem with this that nearly everyone is ignoring. The way Bitcoin is implemented today, with reused wallet addresses, it is vulnerable to a sufficiently powerful quantum computer. In fact, all public key cryptography that we know of today is vulnerable to this. Of course, it is possible to upgrade every Bitcoin wallet in existence to be single use only, but that is terribly inconvenient for consumers and for payment gateways, and requires a lot of new software development.
Long term, this is not necessarily a show stopper, but short term there could be significant pain the first time the network is actually hacked in this manner. All that trust that people have in decentralized crypto will be destroyed overnight, the same way people are currently losing trust in centralized banks.
People need to be educated about this issue, and quickly, if we are going to transition to a new world where Bitcoin becomes a serious option. Because unlike centralized banks, fraud can't be reversed on the blockchain.
This is my take. It’s sucking up a huge amount of capital that would otherwise go towards real assets. Ironically it’s partially keeping inflation in check
With people being their own bank in general it takes a lot of education as people are unfamiliar with the concept and very irresponsible. Even today people post pictures of their credit card on fakebook and wonder why they lose all their money almost instantly.
These chargebacks are killing small businesses sadly because the bank takes no responsibility, and the idiot are not punished for their own stupidity.
Schools should have mandatory classes, there should be TV broadcasts with those old 50's style government propaganda videos educating people on how to not get scammed, and how to be their own bank responsibly. It wouldn't even be hard, but obviously there's no interest for that as bankers make a shitload of money by selling "security" and fuck over small business while pretending to deal with scammers.
I do believe this is the path forward. Crypto is still very misunderstood by a lot of people including in our community here. I don’t pretend to be an expert by any means but it’s very easy to see how crypto gives people control of their own finances and eliminates the need for central banks. Why do you think the government is trying so hard to shut it down? Part of the language in the legislation involving the CBDC is that states who implement will not be able to accept any other type of digital currency. I highly recommend listening to Rugpull radio from Badlands media. It’s opened my eyes even more to how crypto can and should be the way forward.
This is what the CBDC is. The banks are eliminated and one world digital currency is transacted at every ATM/cash register and corner ATM. Ever see at a grocery store the cash register asking if you want money back?
This is walking right through the gate into the Beast system.
Crypto and CBDC are not the same thing, at all. I think if you did some more research on both you would realize this as well instead of just making blanket statements
Sure, there's a difference. But, the one thing that is the same is both is based on nothingness. Gold has always had good value. In Roman times it was said an once of gold purchased a very good suit of clothes. It's the same today. Digital anything is a solar flare away from zeroes..... Every crypto operation is controlled by the DS and banking. IMHO, it is a honey trap for entering the Beast system. No sir, my gold and silver will survive time immemorial and will still have good value.
All the ideas expressed in this thread are of possible ideal situations of honest sound money. It all sounds good. But unfortunately, that is not going to help us at this moment in time. They already have a huge head start on us and the vast majority of Americans are clueless about that gate getting ready to slam shut. A large number of Americans are dependent on the system, and like the jabs, most will probably knuckle under when it comes to survival. That is also by design.
Do you think these bank seizures were organic? They always use fear to drive people into a desired outcome. Same playbook as the plandemic - only different players and stage props. In this latest script, the planned bank run is helping to consolidate the banking system into the hands of just a few big players at the expense of smaller, more local, and regional institutions. At the same time, these larger players are picking up the assets at pennies on the dollar, and as always, giving the bill to the taxpayer for the bundled toxic assets they don't want. Check out the deal UBS is getting taking over Credit Suisse. Like the plandemic that wiped out small businesses, we are starting to see the same thing happen to smaller banking institutions. Why now? They will be testing their CBDC framework this summer.
The only way to fight this at the moment, is to use cash and barter. Using local credit unions may offer slightly more security since they usually do not have the questionable investment and loan practices of a bank. If not a credit union, then find smaller local banks. Just like the small privately owned businesses where we live, those smaller banks are also part of the local economy and are there to better serve the members of that community.
Minimize digital transactions as much as possible to eliminate the 3rd party involvement, like with a bank. You brought up a very good point. When making any digital transaction, ask for money back - even if it is just 10 or 20 bucks. Keep cash in circulation. Over 90% of all financial transactions today are digital. We must stop continuing to help them build the cage they will imprison us in. Don't stop fighting. Our own Revolutionary War was won not with a majority of the people, but a small number of Patriots that stood their ground and said hell no. If we do not push back, we will never get the chance to bring about the ideals of honest money we are discussing on this thread.
And just as a side note: Elon is not the genius entrepreneur that everyone thinks that he is. Paypal and Tesla both were envisioned and started by others. Elon stepped in and essentially took over and took the credit. He has not been upstanding in his business dealings with others. It has made him very wealthy, but he is poor in character. I don't know yet whether Twitter is just another acquisition in his portfolio, or whether he may actually be trying to redeem himself. It is still to early for me to tell.
"Do you think these bank seizures were organic?" No, I have been saying I believed the SVB default was contrived. It's not that I had data or evidence of this, but I knew the FDIC and the Federal Reserve always have the final say over who defaults and who doesn't. The defaults are always used in a political setting, to which a desired result occurs from it. We know now the FDIC knew for 2-years that the SVB was insolvent. Why did they announcement it recently? Political reasons to change the media narrative. There's nothing organic about a Ponzi scheme. All that is needed is a continuous supply of new Willing dupes to perpetuate the massive fraud. People are waking up to their parlor tricks. Ron Paul has been warning us about the Fed since the 1990s. He has advocated auditing the Fed. The Fed is the only private corporation never to be audited. To have that amount of power to avoid auditing is indicative of a massive fraud operation.
Agree with everything you said. Yes, Ron Paul was a lone voice crying in the wilderness for years. Too bad more people were not listening.
All banks are teetering and can be brought down at any moment - especially when depositors withdraw to the point that it overwhelms the banks ability to cover the loss of those deposits. That is what happened to both SVB and Signature. All they needed was a couple of depositors with sizable accounts to demand their money, and they were off to the races. They don't need masses of small depositors to run on the bank - just a few will do it. The contagion of fear will then set in with average Americans running on their own banks.
The FDIC seizes the bank and then gives the money to the institution that is taking over the bank to cover the withdrawals which in turn gets deposited into the bigger banks - a huge win. It is as you stated, one big Ponzi scheme. Once the real assets are stripped away by the new owner at basement rates, the taxpayer will get stuck with the toxic assets that led to the insolvency teetering.
You are right. More people are waking up to the tricks. The bankers are going to have a very difficult time pulling off a FF like Pearl or 9/11 in order to get us into war to cover their scams. Most of the time, these cabal elitists have gotten away with their f*ckery. But, there have been a few times in history where the people showed up with torches and pitchforks to settle accounts. Let's just hope that this will be one of those times and these bastards will be taken offline to leave the rest of us alone and free to live our lives.
I might add the FDIC and Fed were forced to prematurely call the SVB closure. This was to change the narrative that Tucker Carlson set in motion with the JG released videos. There's other reasons as well. I will get to that in a moment, but first by pulling the plug on SVB, it set into place a new narrative replacing the J6 video releases. It also mucked up the impending SVB investigation that was gathering momentum. All the directors of SVB were told in advance that SVB was going to be closed. This is why so many high level officials at the bank sold their massive shares 12 days beforehand. It is also the reason why they gave themselves huge bonuses just before the insolvency. There's far more criminal acts (money laundering, fraud, etc.) that was going on at SVB during its operation than has been revealed. We'll have to wait and see whether this ever comes out.
I believe that SVB would have otherwise been strung along for a later date coordinating the impending defaults of many other banks in the future. The plan was to announce these insolvencies in a perfect storm scenario to cause a worldwide panic. The reason I say the SVB announcement for closing its doors was premature is that the cabal doesn't have all the pieces in place right now. They are obviously trying to cause a worldwide panic in order to implement their Great Reset. I seem to recall that the CBDC launch was to start in Dec. 2022, but then it was pulled for "reconsideration". Now, it was announced for July of 2023. It all the big banks are declared insolvent at once with the CBDC having been established, is this their plan, whereby everyone is herded to the CBDC?
Thanks for the details. You have been on this situation like I have and you are right to link the J6 videos and Tucker into this script as I too think they are connected. All of a sudden the J6 story evaporated. Tucker was told to back off. The public's memory has a tendency for shortness and they are easily distracted. And yes, they are trying to herd everyone towards their CBDC they are getting ready to launch this summer - barring other hiccups. There are any number of institutions like SVB on the verge that the bankers can use as a catalyst for panic in order to bring the system down.
Hang on fren, it is going to be a bumpy ride. God bless you and yours.
Agreed. I am seeing bits that Russia, China and Trump are moving in that direction. Before the US did not have enough gold to execute the change. I believe that Trump has secured more than enough gold to make it happen.
For the time being cash will still be used but it’s hard to imagine a future with it. We are living in the digital age and I think eventually all financial transactions will be digital as well. Regardless I agree that digital assets still need to be backed by physical gold and silver
The only sound money that has proven itself again and again throughout history is based on gold and silver. Gold has always had good value. Silver has always been the currency of the common people. The use of it is automatically decentralized. Digital currency must be a receipt for something of value. BRICS is based on 50% gold reserves and is digital. Is it better than the current fractional reserve system? IMHO, it is.
There is one serious problem with this that nearly everyone is ignoring. The way Bitcoin is implemented today, with reused wallet addresses, it is vulnerable to a sufficiently powerful quantum computer. In fact, all public key cryptography that we know of today is vulnerable to this. Of course, it is possible to upgrade every Bitcoin wallet in existence to be single use only, but that is terribly inconvenient for consumers and for payment gateways, and requires a lot of new software development.
Long term, this is not necessarily a show stopper, but short term there could be significant pain the first time the network is actually hacked in this manner. All that trust that people have in decentralized crypto will be destroyed overnight, the same way people are currently losing trust in centralized banks.
People need to be educated about this issue, and quickly, if we are going to transition to a new world where Bitcoin becomes a serious option. Because unlike centralized banks, fraud can't be reversed on the blockchain.
Bitcoin is a deep state controlled creation.
This is my take. It’s sucking up a huge amount of capital that would otherwise go towards real assets. Ironically it’s partially keeping inflation in check
With people being their own bank in general it takes a lot of education as people are unfamiliar with the concept and very irresponsible. Even today people post pictures of their credit card on fakebook and wonder why they lose all their money almost instantly.
These chargebacks are killing small businesses sadly because the bank takes no responsibility, and the idiot are not punished for their own stupidity.
Schools should have mandatory classes, there should be TV broadcasts with those old 50's style government propaganda videos educating people on how to not get scammed, and how to be their own bank responsibly. It wouldn't even be hard, but obviously there's no interest for that as bankers make a shitload of money by selling "security" and fuck over small business while pretending to deal with scammers.
I do believe this is the path forward. Crypto is still very misunderstood by a lot of people including in our community here. I don’t pretend to be an expert by any means but it’s very easy to see how crypto gives people control of their own finances and eliminates the need for central banks. Why do you think the government is trying so hard to shut it down? Part of the language in the legislation involving the CBDC is that states who implement will not be able to accept any other type of digital currency. I highly recommend listening to Rugpull radio from Badlands media. It’s opened my eyes even more to how crypto can and should be the way forward.
This is what the CBDC is. The banks are eliminated and one world digital currency is transacted at every ATM/cash register and corner ATM. Ever see at a grocery store the cash register asking if you want money back?
This is walking right through the gate into the Beast system.
Crypto and CBDC are not the same thing, at all. I think if you did some more research on both you would realize this as well instead of just making blanket statements
Sure, there's a difference. But, the one thing that is the same is both is based on nothingness. Gold has always had good value. In Roman times it was said an once of gold purchased a very good suit of clothes. It's the same today. Digital anything is a solar flare away from zeroes..... Every crypto operation is controlled by the DS and banking. IMHO, it is a honey trap for entering the Beast system. No sir, my gold and silver will survive time immemorial and will still have good value.
All the ideas expressed in this thread are of possible ideal situations of honest sound money. It all sounds good. But unfortunately, that is not going to help us at this moment in time. They already have a huge head start on us and the vast majority of Americans are clueless about that gate getting ready to slam shut. A large number of Americans are dependent on the system, and like the jabs, most will probably knuckle under when it comes to survival. That is also by design.
Do you think these bank seizures were organic? They always use fear to drive people into a desired outcome. Same playbook as the plandemic - only different players and stage props. In this latest script, the planned bank run is helping to consolidate the banking system into the hands of just a few big players at the expense of smaller, more local, and regional institutions. At the same time, these larger players are picking up the assets at pennies on the dollar, and as always, giving the bill to the taxpayer for the bundled toxic assets they don't want. Check out the deal UBS is getting taking over Credit Suisse. Like the plandemic that wiped out small businesses, we are starting to see the same thing happen to smaller banking institutions. Why now? They will be testing their CBDC framework this summer.
The only way to fight this at the moment, is to use cash and barter. Using local credit unions may offer slightly more security since they usually do not have the questionable investment and loan practices of a bank. If not a credit union, then find smaller local banks. Just like the small privately owned businesses where we live, those smaller banks are also part of the local economy and are there to better serve the members of that community.
Minimize digital transactions as much as possible to eliminate the 3rd party involvement, like with a bank. You brought up a very good point. When making any digital transaction, ask for money back - even if it is just 10 or 20 bucks. Keep cash in circulation. Over 90% of all financial transactions today are digital. We must stop continuing to help them build the cage they will imprison us in. Don't stop fighting. Our own Revolutionary War was won not with a majority of the people, but a small number of Patriots that stood their ground and said hell no. If we do not push back, we will never get the chance to bring about the ideals of honest money we are discussing on this thread.
And just as a side note: Elon is not the genius entrepreneur that everyone thinks that he is. Paypal and Tesla both were envisioned and started by others. Elon stepped in and essentially took over and took the credit. He has not been upstanding in his business dealings with others. It has made him very wealthy, but he is poor in character. I don't know yet whether Twitter is just another acquisition in his portfolio, or whether he may actually be trying to redeem himself. It is still to early for me to tell.
"Do you think these bank seizures were organic?" No, I have been saying I believed the SVB default was contrived. It's not that I had data or evidence of this, but I knew the FDIC and the Federal Reserve always have the final say over who defaults and who doesn't. The defaults are always used in a political setting, to which a desired result occurs from it. We know now the FDIC knew for 2-years that the SVB was insolvent. Why did they announcement it recently? Political reasons to change the media narrative. There's nothing organic about a Ponzi scheme. All that is needed is a continuous supply of new Willing dupes to perpetuate the massive fraud. People are waking up to their parlor tricks. Ron Paul has been warning us about the Fed since the 1990s. He has advocated auditing the Fed. The Fed is the only private corporation never to be audited. To have that amount of power to avoid auditing is indicative of a massive fraud operation.
Agree with everything you said. Yes, Ron Paul was a lone voice crying in the wilderness for years. Too bad more people were not listening.
All banks are teetering and can be brought down at any moment - especially when depositors withdraw to the point that it overwhelms the banks ability to cover the loss of those deposits. That is what happened to both SVB and Signature. All they needed was a couple of depositors with sizable accounts to demand their money, and they were off to the races. They don't need masses of small depositors to run on the bank - just a few will do it. The contagion of fear will then set in with average Americans running on their own banks.
The FDIC seizes the bank and then gives the money to the institution that is taking over the bank to cover the withdrawals which in turn gets deposited into the bigger banks - a huge win. It is as you stated, one big Ponzi scheme. Once the real assets are stripped away by the new owner at basement rates, the taxpayer will get stuck with the toxic assets that led to the insolvency teetering.
You are right. More people are waking up to the tricks. The bankers are going to have a very difficult time pulling off a FF like Pearl or 9/11 in order to get us into war to cover their scams. Most of the time, these cabal elitists have gotten away with their f*ckery. But, there have been a few times in history where the people showed up with torches and pitchforks to settle accounts. Let's just hope that this will be one of those times and these bastards will be taken offline to leave the rest of us alone and free to live our lives.
I might add the FDIC and Fed were forced to prematurely call the SVB closure. This was to change the narrative that Tucker Carlson set in motion with the JG released videos. There's other reasons as well. I will get to that in a moment, but first by pulling the plug on SVB, it set into place a new narrative replacing the J6 video releases. It also mucked up the impending SVB investigation that was gathering momentum. All the directors of SVB were told in advance that SVB was going to be closed. This is why so many high level officials at the bank sold their massive shares 12 days beforehand. It is also the reason why they gave themselves huge bonuses just before the insolvency. There's far more criminal acts (money laundering, fraud, etc.) that was going on at SVB during its operation than has been revealed. We'll have to wait and see whether this ever comes out.
I believe that SVB would have otherwise been strung along for a later date coordinating the impending defaults of many other banks in the future. The plan was to announce these insolvencies in a perfect storm scenario to cause a worldwide panic. The reason I say the SVB announcement for closing its doors was premature is that the cabal doesn't have all the pieces in place right now. They are obviously trying to cause a worldwide panic in order to implement their Great Reset. I seem to recall that the CBDC launch was to start in Dec. 2022, but then it was pulled for "reconsideration". Now, it was announced for July of 2023. It all the big banks are declared insolvent at once with the CBDC having been established, is this their plan, whereby everyone is herded to the CBDC?
Thanks for the details. You have been on this situation like I have and you are right to link the J6 videos and Tucker into this script as I too think they are connected. All of a sudden the J6 story evaporated. Tucker was told to back off. The public's memory has a tendency for shortness and they are easily distracted. And yes, they are trying to herd everyone towards their CBDC they are getting ready to launch this summer - barring other hiccups. There are any number of institutions like SVB on the verge that the bankers can use as a catalyst for panic in order to bring the system down.
Hang on fren, it is going to be a bumpy ride. God bless you and yours.
So no cash?
The best option is a HYBRID currency that is both digital and physical, ALL backed by Gold/Silver.
Agreed. I am seeing bits that Russia, China and Trump are moving in that direction. Before the US did not have enough gold to execute the change. I believe that Trump has secured more than enough gold to make it happen.
This!
For the time being cash will still be used but it’s hard to imagine a future with it. We are living in the digital age and I think eventually all financial transactions will be digital as well. Regardless I agree that digital assets still need to be backed by physical gold and silver
The only sound money that has proven itself again and again throughout history is based on gold and silver. Gold has always had good value. Silver has always been the currency of the common people. The use of it is automatically decentralized. Digital currency must be a receipt for something of value. BRICS is based on 50% gold reserves and is digital. Is it better than the current fractional reserve system? IMHO, it is.
I like a lot of this. The pieces are coming together. One piece of the destruction of the cabal banking system.