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

I had heard recently people like Catherine A. Fitts and Martin Armstrong say in the US that the CBDC would not be issued and controlled by the Federal Reserve but instead be created and maintained by private banks in concert with and support by the Fed and US Govt.
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.
 
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?
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.
 
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.
 
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.
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?

 
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:

Q: (L) What do you mean, "Bridge to nowhere"?

A: Digitize, and then deprive common man of resource.

Q: (Joe) The kind of obvious idea about any digital currency despite what they say about them is that it's a transition away from physical money.

(Niall) Cashless society.

(Joe) And more control of people. If anybody thinks that that's not what it's about, you're naive. That doesn't mean you can't make money off it in the interim. But eventually, it's a bridge to, yeah...

(Niall) When the music stops...

(L) Yeah, it's a game of musical chairs.

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.
 
There can't be a straight line from the Fed to a prime lender bank to a CIA 'democratic institution' to agents provocateurs
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?
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Patelco Credit Union is the 28th largest credit union in the US with $9 billion, before this cyberattack.
 
Bitcoin is whatever the controllers decide it is, so it's another form of fiat currency.
Bitcoin is not a static protocol. Integrating changes - or the 'governance' of Bitcoin - is a quasi-political process based on deliberation, persuasion, and volition. In other words, people decide what Bitcoin is.
 
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