Role of Crypto/Cybercurrencies in the PTB's loss of control?

If things get that bad, having a 6-month supply of MREs won't do much good, even if you've got an AR to defend them with. The starving masses will certainly notice who isn't going hungry, and with an economic collapse of such a scale things will get extremely chaotic.

Not that one shouldn't take precautions ... Just, at that level of chaos, plans tend to go out the window.

A good network of mind-liked people may be able to defend themselves well. I think the first 6 months will be the most intense before peace and stability may return. Try to survive those together. Prepare for the worst, hope for the best. That's all we can make of it, I think.
 
A good network of mind-liked people may be able to defend themselves well. I think the first 6 months will be the most intense before peace and stability may return. Try to survive those together. Prepare for the worst, hope for the best. That's all we can make of it, I think.

Indeed, a pack or tribe will be essential. What concerns me is that in my current location, I don't have that, nor is there much prospect of developing it.
 
If things get that bad, having a 6-month supply of MREs won't do much good, even if you've got an AR to defend them with. The starving masses will certainly notice who isn't going hungry, and with an economic collapse of such a scale things will get extremely chaotic.

Not that one shouldn't take precautions ... Just, at that level of chaos, plans tend to go out the window.
And if your home gets pierced by a quarter-mile ice cube, there isn't much you can do either!
I would focus on mobility, but then, walking with a fully-equipped backpack will definitely attract some attention!

The C's are not too enthusiastic about prepping. After all, if we are preparing to spiritually detach from this world, why would we concentrate on physical items?
Q: (L) Is the place of safety a physical location on the planet?

A: No.

Q: (L) Is the place of safety a hyperdimensional state of being?

A: Yes.
Q: (L) Several books I have read have advised moving to rural areas and forming groups and storing food etc...

A: Disinformation. Get rid of this once and for all. That is 3rd level garbage.
Q: (L) Well, can I ask, what was the particular thing that... I mean, just out of curiosity... (TK) Is it going to be necessary to stockpile supplies, or anything along those lines? (L) That's all in the transcripts.

A: Third density.

Q: (L) That's third density thinking.

Basically, just have enough food to plan your next move in order to save people that want to be saved.
 
Must say I'm not really shocked by the statement of the Cs, quite common knowledge IMO. Very word-efficiently and well said btw, like always. We should take, and praise, crypto for what it is right now: a nice possibility to gain capital, not as a financial panacee. More capital will make the rough times we will face just a bit easier.

But I think we should be really careful: when things go south crypto will get smashed, at least temporarily. And I'm just not sure what would a good line of action. I've started decreasing my positions in crypto, and have some of my savings in metals. What I'm not sure about is what to do with the money after liquidating my crypto: keeping euros/dollars to buy big during the dip, or for the time being, invest it in metals as well?

Big plus in this scenario: your money is secured for inflation, and possibly a good investment if the price of silver will rise. Big downside: transferring metals back to fiat is a slow and painstaking, probably missing out on ideal buying opportunities.
 
Must say I'm not really shocked by the statement of the Cs, quite common knowledge IMO. Very word-efficiently and well said btw, like always. We should take, and praise, crypto for what it is right now: a nice possibility to gain capital, not as a financial panacee. More capital will make the rough times we will face just a bit easier.

But I think we should be really careful: when things go south crypto will get smashed, at least temporarily. And I'm just not sure what would a good line of action. I've started decreasing my positions in crypto, and have some of my savings in metals. What I'm not sure about is what to do with the money after liquidating my crypto: keeping euros/dollars to buy big during the dip, or for the time being, invest it in metals as well?

Big plus in this scenario: your money is secured for inflation, and possibly a good investment if the price of silver will rise. Big downside: transferring metals back to fiat is a slow and painstaking, probably missing out on ideal buying opportunities.
Stable coins? And/or, will we be able to go into the digital Yuan? Metals are good but become cumbersome when you throw your back out trying to carry them!
 
Stable coins? And/or, will we be able to go into the digital Yuan? Metals are good but become cumbersome when you throw your back out trying to carry them!
Yeah, I'm very curious if we are able to attain the digital Yuan. I think we will be able to eventually, but not (easily) from the start during the trial-period. Regarding stablecoins: they should be detached from the USD if hedging against inflation is the goal. I am not too well versed on this topic: but are there any alternatives? Stable coins backed by other crypto (ethereal for instance) are not the safe solution you wish for I think.
 
Yes, prepping is an obvious thing. However, this requires some degree of stability. Stockpiles of ammo and canned goods aren't terribly mobile. Certainly in my case, I don't have the kind of professional situation where I can assume I'll be in my current physical location this time next year - in fact it's guaranteed I won't, and will likely have to relocate some considerable distance. That makes stockpiling durable goods more or less pointless, whereas liquid capital is much easier to move.

Aside from precious metals, one possible option at least for the short term might be to hold some foreign currencies. Historically, for example, the Swiss Franc was a pretty safe bet in times of inflation and trouble. (See this research for example.) There might be other clever ways to diversify a bit in terms of currencies.

I think it's important to keep different realistic scenarios in mind, it's not "all normal" vs. "apocalypse". For example, one scenario might be a hyperinflation of the dollar/Euro, and then it might come in handy to have some foreign currencies which you can convert to dollar/Euro as needed to pay bills. Another scenario that has played out in Germany during the recent flood was that electronic payments went down, so the only people who could still buy things in the few shops that were open were those who had some cash. So that's another smart thing: just have a k or 2 of cash somewhere in the house... Comes in handy in daily life as well.

I'm not sure that a pile of ammo is gonna save the day; or any other tangible good that we think might be in short supply during a crisis. These sorts of things are kind of unpredictable (toilet paper!). Maybe our best bet is to stockpile stuff that we actually need, and can use right now, instead of anticipating scenarios that may or may not play out.

Just some thoughts. I personally have still lots of homework to do on the prepping front.
 
Aside from precious metals, one possible option at least for the short term might be to hold some foreign currencies. Historically, for example, the Swiss Franc was a pretty safe bet in times of inflation and trouble. (See this research for example.) There might be other clever ways to diversify a bit in terms of currencies.

I think it's important to keep different realistic scenarios in mind, it's not "all normal" vs. "apocalypse". For example, one scenario might be a hyperinflation of the dollar/Euro, and then it might come in handy to have some foreign currencies which you can convert to dollar/Euro as needed to pay bills. Another scenario that has played out in Germany during the recent flood was that electronic payments went down, so the only people who could still buy things in the few shops that were open were those who had some cash. So that's another smart thing: just have a k or 2 of cash somewhere in the house... Comes in handy in daily life as well.

I'm not sure that a pile of ammo is gonna save the day; or any other tangible good that we think might be in short supply during a crisis. These sorts of things are kind of unpredictable (toilet paper!). Maybe our best bet is to stockpile stuff that we actually need, and can use right now, instead of anticipating scenarios that may or may not play out.

Just some thoughts. I personally have still lots of homework to do on the prepping front.
Strongly agreed.

From a portfolio management standpoint - crypto has been touted as a tail risk hedge, and also as a growth asset - but a clearer understanding treats it as a negative sum pump and dump scheme (by the way, some of you who are pumping cryptos on here may want to review your local securities laws...), with the Cs making it crystal clear that crypto is a money sink.

To luc's point - there is still a great deal of value in diversifying away one's holdings from USD/EUR/risk assets.

So, y'know, what's the "halfway apocalypse" gonna look like? Let's say we really think that USD/EUR are gonna hyperinflate - then it would stand to reason to pivot to value stocks (financials, energy, etc.) and commodities (food, oil, etc.). There are also national economies that are tied to commodities and which are relatively less dependent on USD/EUR, such as the Russian economy. What about stagflation - energy crisis causing the 1970s all over again? Maintaining an income and good psychological hygiene is more of a concern in hard times - side hustles feel like a better use of time than studying up on speculative investments.

Prepping isn't necessarily about anticipating these things so much as having a little help keeping anxiety and panic under control - so, yeah, keep calm and kill zombies.
 
Not surprised a bit by the reported origin of Bitcoin. My concern with it was always around the grid going down long term one day. How to prep/invest? Focus on ancient forms of wealth, like good physical and mental health, a bit of land, a sturdy and fortified home. A bit of livestock. Strong shoes. Fishing/hunting equipment. Tools and basic supplies to maintain. Reliable transportation. A reserve of food, water, various types of fuel. Harsh weather gear. Education/knowledge via how to books and videos. A lot of stuff can be had at garage, estate and moving sales or thrift shops. Consumption need not be conspicuous.
Ammunition: maybe be able to clear a couple of doorways on your way out to safety, if you're lucky?
You can only do what you can do. Maybe best just to not paint a target on your back and hope for the best.
Real treasures are stored in the heart, anyway, so no worries.
 
Troubling to be sure. It opens the question of where exactly we should park our money to hedge against inflation. It's quite clear the dollar is being rapidly destroyed. Most people, certainly myself included, lack the funds or stability to invest in real estate. So ... precious metals?
I think right now crypto will be the best hedge against inflation, but you have to be prepared for extreme volatility within that hedge.
I would say precious metals, cash and practical things you’ll need when TSHTF. Good storage of food, wood burner, generator etc. Some really clever people have really been taken in by bitcoin as the answer to all the world’s problems. Such a shame.
I'm trying to direct any excess of money to ensure that I'll be more self-sufficient in the context of basic needs. Things like applied knowledge about food preservation, having a car serviced (new tires, spark plugs, alternator), etc. In brief, "prepping". It could be also useful to have something for barter, for ex. alcohol, chocolate bars, or cigs.
Probably the best option. Commodity items such as food, medicines, tools etc will likely be useful stores of value as well.
I agree that these are important and should be put side by side with buying some crypto. At least in the US, I'm not sure how many cars will be on the road at some point until the supply chain is 'solved' or the problems reversed, since if you don't have oil filters, oil, tires, and everything else needed for regular maintenance, at some point next year you may not have a functioning car.
As Joe mentioned, crypto can be a useful way to make money in the interim, however given China's ban on Bitcoin, it seems likely that the CSTO/EEU countries will increasingly exclude Bitcoin and most cryptocurrencies from their monetary systems over the next few years to remove competition for their CBDCs. All kinds of specialised blockchain ecosystems will likely exist (finance, gaming, social media platforms etc), but I think we can expect stringent regulations on any exchange that converts national CBDCs into a digital asset, such as Know Your Customer (KYC) rules that may at some point be contingent on a link to a national digital ID. Privacy coins, stablecoins and anonymous DEXs will likely become niche operations once the CBDCs take hold.
We are no way close to cryptos being used in any way for total control. Crypto in general is still in its infancy and is just starting to be built out. Crypto is hardly at all integrated systemically within society. I think it will have to be integrated to the level that the internet has been integrated and being indispensable for things to function before any system of total control via crypto is attempted or implemented. But first, we need a 'crisis'/collapse of the system we have now and the time that takes to play out. The C's via Pierre's questions indicated previously that the fake economic collapse will turn into real economic collapse. So who knows how that will all play out toward building out a system of total control via crypto. Then the next step is to have TPTB say that "we have a solution with CBDC and digital money." CBDCs and crypto would look like they are in competition with each other. Looks like Governments will try to convince people to use CBDC, but since there is what looks like more freedom within crypto in people's eyes, people overall will gravitate towards them instead of what governments are offering. I think you have to have people first love the thing, so that they adopt it, that is then turned against them. Look at how the internet and then social media progressed that way to some extent. Also, I think that not only do TPTB want to implement a fully digital system of total control, but they also want to ultimately undermine and destroy nation states, destroy national currencies of any kind, and national sovereignty at least in part or in full for all of these. And so I think CBDCs as the system used will collapse, which leaves crypto as the digital option that people will embrace. During this period crypto and Web 3.0 are being built out and more integrated into society and civilization. Crypto would then be more powerful then nation states via what some are talking about as Network States forming. This is an interesting article where you can read between the lines in terms of what these Network States might look like. Corporate states, quasi corporation and government merged states, and decentralized network states.
How many years does this world really have left? 1 year, 3 years? Maybe 5? First, make sure you have the real essentials in house enough for about 6 months (Or longer!) the case the supermarkets are completely empty. Which is a matter of time.
Yep, what if a space virus kills off 75% of people via a 'Black death' plague as the C's indicated is possible? What if cosmic catastrophe of some scale comes, which has been an underlying theme of some degree in the C's material? What happens if 4D bleed through really starts kicking in in some places? All sorts of unknowns can happen, so for me I look at a generalized coverage for all sorts of possibilities with the best possible ability to get through things. Right now that includes crypto, since if our technological civilization holds together, the digital wealth of the world looks likely to move into crypto. Crypto is about a $2.5 trillion market value right now. How much digital wealth is out there in our current system that will eventually flow into crypto - $200 Trillion, even accounting for wealth destruction from the old system being destroyed? That is why I think cryptos are currently the best hedge against inflation since they will want to go from the current mostly digital system to the digital cryptos and it is much easier to move to crypto than into other asset classes, in addition to what I wrote above. And how long is all of this going to take to happen - 3-5 years?
We should take, and praise, crypto for what it is right now: a nice possibility to gain capital, not as a financial panacee. More capital will make the rough times we will face just a bit easier.
This is my thought and approach as well right now. Trying to be 'wise as a serpent and gentle as a dove' and realistic that many things can happen. 🤷‍♂️

edits for grammar
 
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On the connection to the CIA, found this article from 2018 on Sputnik:

The Bitcoin cryptocurrency was developed by "American intelligence agencies," Natalya Kaspersky, CEO of the InfoWatch group of companies and specialist in cyber security systems, said during her presentation at ITMO University in St. Petersburg.

Kaspersky already gave a plausible explanation for Bitcoin, namely, to finance black ops around the world. Some other articles point at rumors about "Satoshi Nakamoto" still in possesion of billions of dollars in the coin, which if sold could send a shockwave to the financial system. This is particularly interesting, because if true, with the increasing and massive adoption of cryptocurrencies from regular folks to big banks and everything in between (El Salvador recently installed Bitcoin ATMs), could lead effectively to a disruption of the whole system, maybe as a collapse switch?

Another interesting bit is on the recent statements (reported on December 9th this year) from CIA director Burns:
In a disclosure that should surprise no one, the head honcho at the CIA has confirmed that the intelligence agency has multiple projects related to cryptocurrency.

And the rational for their involvement:
Burns specifically mentioned ransomware during his remarks at the conference, saying cryptocurrency was one of the ways malicious actors that have otherwise hid their tracks can be identified.

Which to me is a way of saying that those very same ransomware "attacks" could have very well originated within the intelligence sector, and just used as a way to once again, attack Russia, or in other words, just to keep everyone looking at the "boogie man".

But I am yet to find someone specifically pointing to the fact that is just "money" that can be taken away just as easily as it was given, based on the assumption that the creators hold all the cards and the keys to house.
 
On the connection to the CIA, found this article from 2018 on Sputnik:

CIA involvement also explains why China and Russia are not too keen on cryptos in general.

They are also the 2 countries trying to set up their own financial system, establish their own trading block, and amass large quantities of gold.

Of course, it would also be naive to assume that China and Russia are going to save the world. They're controlled like everyone else...

But at least we might get some clues as to what a longer-term plan might look like. If the plan is to shift the center of global power towards the east, well...
 
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