U.S. Treasury Department says that DeFi and decentralized crypto markets threaten national security
(twitter.com)
-STRAIGHT UP PANIC MODE-
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In contrast, it IS the "security". What was FTX dealing in? Pesos?
Are we swiping at the Treasury Dept now that DJTs plan was to restore the regulation of the currency to the Treasury rather than the Federal Reserve? Are we getting amnesia? Did we forget what Steve Mnuchin's purpose was?
Y'all better delet this
While I agree with you to some extent, I don't think you appreciate how much manipulation there is in the metals department.
Given what's available in the public sphere v. how many people would want it (supply/demand), a single ounce of silver should realistically have around a $1000 of buying power once all non-asset backed monetary systems fail. You should be able to buy your weekly groceries with a silver quarter. You don't need to carry around bucketloads of coin to buy things. You should be able to buy a house with about 40 oz. of gold. That's a house; usually the biggest purchase a person makes in a lifetime. For a couple pounds of gold which a person could fit into their purse with room to spare for their Chihuahua.
I'm not really commenting on the potential pitfalls, I don't disagree with you, but the scope of how much money you would realistically need doesn't seem to be appreciated. Just a couple decades ago people would carry around hundreds of dollars of cash all the time. This is no different. There is no reason to suspect there would be any more theft than there was then.
Of all the adaptations that are coming, I think this is going to be one of the least impactful. Most people alive remember carrying around cash. It's not much of a stretch.
I really don't think the transition will be as smooth as you suggest. All the "only at the precipice" stuff, and "[SCARE] NECESSARY EVENT" stuff doesn't sound like a "once Trump is back in office" type of transition into the future. You can't teach the necessity of a decentralized government by teaching people to rely on a centralized authority and "savior" to fix everything.
While the technology has a lot of potential (as asset backed NFTs), a non-asset backed crypto can't survive in a world with asset backed currency. There is simply no reason to use it if there is a real asset available for transactions. Who wants to put their real assets into unicorn farts?
"Fiat currency" means the government has demanded (the definition of "fiat") that it be used as payment for taxes. You can't get people to use an intermediary of exchange for barter that has no intrinsic value unless you force them. If a Centralized Authority tries to force me to use another fiat currency this war becomes a hot one, because that would mean that the same people have control that have been perpetuating that fraud for a thousand years or so.
And pay off your mortgage easy peasy
But I think cabal members could own giant pile of gold by now. It doesn't make any sense to let prices rise high for PM. I think PM prices are going to fall but prices for physical is different story.
I am not suggesting that PMs can be the total answer for the exact reason you stated. They own all the gold. I was talking about the economics of it, the supply/demand and historic purchasing value. PM stock value is meaningless. The only thing that matters is what we would use if the SHTF, which would inevitably be PMs or other physical assets.
I could be wrong, but I thought I read that when they launch the CBDC in the USA they are first launching it with banks to get them sending money back and forth with that instead of their normal process. Then once the banks are used to it (and probably figured out a bunch of issues that need addressed) they will start to introduce it to the public (like the frog in a pot of water). I don't think it is just going to happen overnight.
I'm hoping enough banks balk at it that they are able to kill it off - but I doubt it.
I also speculate that the govt isn't going to do anything to crypto until the CBDC has been in circulation for a while and the normies and vaxxed (or what is left of them by then) have completely adopted it like everything else. Once that happens I expect to see a massive confiscation like when gold was taken from everyone.
They will force the exchanges to sign it over to them once it is made illegal, and the govt will then sell the confiscated crypto on the international market like they do when they take out a dark web site. Some people will skirt the confiscation thanks to cold storage or hardware wallets, but I'd bet a paycheck that the govt can still track them down with NSA records from when people bought or sold. Unless you are selling or buying face-to-face it will be hard to avoid that.
I agree. I would add that the speculated bankers cabal's plan is this: 1. Shut down crypto ---> 2. Launch CBDC ---> 3. Using CBDC to control How, When, and Where you live your private life.
For those not familiar with the Evil CBDC, if you do not want to get fooled into the Evil CBDC, I suggest that you watch this 10 seconds meme and have a good laugh and remember it at https://media.greatawakening.win/post/WyxwwNwvKhc4.jpeg
My related post at https://greatawakening.win/p/16amYkkT6S/meme-wakeup-call-cbcd-/c/
Spot on Fren!!!!!!
Decentralized Cryptos threatens the "security" of three broad groups of people.
Those who bet their money, understanding fully well they might lose it, on these cryptos. This is NOT national security. Whatever gets wiped out should be allowed to be wiped out
Those who bet other people's money on these cryptos knowing fully well it might get wiped out. Bring back Glass-Steagel act, and put a barrier between savings and investment and we are good.
The security of the Banksters who weaponize currency to control the population. Their security is NOT "national security" and these are the ones who are probably screaming about this.
And yes, there are elements of Cabal embedded in every department, and these kind of screams are how Trump and his folks can identify those cells.