Bitcoin & the END OF MONEY ( Must Read)

QUESTION: Mr. Armstrong, I just had to write in to say thank you for explaining that Bitcoin was just a trading asset, not some new currency that would replace the dollar. I understand that money must be elastic to grow with society in economic booms and population.

I just read a quote reported by Bloomberg: “After four years of political purgatory, Bitcoin and the entire digital-asset ecosystem are on the brink of entering the financial mainstream.” I know a programmer who said you were correct that the Deep State created blockchain. Has this recent rise been orchestrated to get us to surrender paper money and rejoice so they can track us all?

ANSWER: I participated in a documentary that will be released soon. There is no question that the blockchain code was developed in the intelligence community. We all know that in the programming world. In 1996, the US government released a white paper entitled “How to make a mint: the cryptography of anonymous electronic cash.” Released by the National Security Agency Office of Information Security Research and Technology, this document basically explains how a government agency could create something like Bitcoin or another cryptocurrency. (SEE BELOW).

Has Bitcoin been manipulated more to make people think digital currencies are better than paper? There is a strong probability of that. This is clearly a dream of tyrants. If I give you $100 bill they do not know where I got it from. If I pay you in Bitcoin, they can trace it to everyone who has ever handled it. This is a control system. This is the END OF MONEY! A new documentary film will be coming out soon on this topic.

Here is Lagarde on digital currency. She states this object is “control” everything you do. Europe is a Marxist Paradise. Everyone is an economic slave and whatever they earn belongs to the state – not them.

The state will decide how much you are allowed to keep. I really do not understand these Bitcoin people if they deliberately try to convince us to surrender all liberty. With digital currency, they can block even a donation to a political opponent like Trump.

Even when creating the Euro, the commission took the entire back row of our conference held in London in 1997. I do not understand why it is so hard to comprehend what a currency is – but then again, some have trouble defining a woman.

They were selling the Euro, which would defeat the dollar. That, too, never took place. They were preaching that everyone would pay the same interest rate as in the USA. I warned them that would only take place if they consolidated all the debts as Hamilton did following the American Revolution.

Kohl took Germany into the Euro as a dictator because if the German people were allowed to vote, he admitted he would have lost 7 to 3. We do not live in a democracy. That is sheer propaganda. They make the decisions, and when they know the people will not accept that, even like war, they do it anyway. We mean nothing at the end of the day.

They sold Bitcoin as it would be free of central banks, a store of wealth, and eliminate inflation, all absolute total BS that was impossible in the real world. I have warned that this has been a fantastic sales job, and pushing the price up creates the image that it is somehow worth more than paper money, so surrender everything and go digital.

People have been braindead when it comes to comprehending what money is and love to cling to stupid theories that will only lead to a major depression. They do not even understand that because the Fed was fearful of inflation during the Great Depression, to support the dollar, they failed to expand the money supply, fearing that the dollar would crash.

Over 200 cities issued their own money because there was such a shortage of cash that businesses could not function. It was impossible to pay employees, and people had no cash to spend. This was called depression script.

Whenever there is a recession or depression, people reduce their spending and hoard their wealth, contracting both spending and investment. This is a fact proven by the hoards of ancient Roman coins during the turmoil of the 3rd century. The money supply peaked in 1929 and contracted into 1933. This is why there was such a shortage of money that it led to over 200 cities issuing their own depression script just so they could function.

We find the very same human response during the financial Panic of 33AD. There was such a shortage of money so we find that private tokens appeared, similar to what took place during the American Civil War and the Great Depression of the 1930s.

The firm Seuthes and Son, of Alexandria, was a firm facing difficulties because of the loss of three richly laden ships in a Red Sea storm, followed by a fall in the value of ostrich feathers and ivory. Nearly at the same time, there was the house of Malchus and Co. of Tyre with branches at Antioch and Ephesus. They suddenly became bankrupt as a result of a strike among their Phoenician workmen and the embezzlement of a freedman manager.

These two failures also affected the Roman banking house, Quintus Maximus and Lucious Vibo, operating in the Roman forum. We saw the same reaction: people hoarding their wealth, and the severe shortage of money led to the appearance of private coinage.

You see the shortage of coinage during the American Civil War prompted a host of civil war tokens that circulated also as money. The same took place in Germany after World War I, and during the 1840s with the Sovereign Defaults of several US states that are known as the Hard Times Tokens.

Bitcoin can NEVER become the reserve currency for the entire political system, which must be changed, ending socialism. It would be impossible. All social programs would come to an end, and there would be massive deflation and civil unrest. The money supply always contracts during a recession and depression. We blame the central banks and the dollar when that is like blaming the gun for a murder rather than the guy who pulled the trigger.

This is all about CONTROL. The computer has warned that between 2020 and 2032, we will witness the rise of authoritarianism. Governments are on the cusp of an international sovereign default. They are pushing for war as a distraction. The Digital ID and Digital Currency are no different from the paranoia of Joseph Stalin and his great purge to eliminate people he feared by revolting against him.

Bitcoin is a trading vehicle as people buy into the propaganda. In the end, the truth always prevails.

Just do not expect it to become the reserve currency or stop inflation singlehandedly.

It’s a trading vehicle because people will buy because of the propaganda – just keep it real

THAT IS WHAT BITCOIN IS. It is defense against governments.

That's exactly right. That's why China banned it. It's way too easy for capital in the form of private keys to flee. All a subject of the regime had to was mine a bunch of crypto then buy a round trip ticket somewhere, anywhere. Now it's difficult to be part of the mining network, but buying crypto is still doable.

The only thing less valuable than a piece of paper as a trading commodity is an electron.

Bitcoin is a distributed ledger with a unit value corresponding to demand. Demand is high and supply is algorithmically limited so the price is rising. It will fall just as easily when demand dries up.

But your home "ownership" is even less valuable by your criteria. The recording of ownership is a centralized ledger which can easily be corrupted. The sheriff may decide to ignore your claims if he's on the take.

Bitcoin can be manipulated, and that's what Putin and his high-tech internet gurus will do

All the world's high tech gurus have not been successful in manipulating Bitcoin. The market price of anything including crypto can be manipulated. But that's controlled by global demand and Putin can only pump and dump like everyone else.

Corpse: Government blocks access to your wallet on the Internet infrastructure.

Ender: Fascinating. The government blocks access to my wallet. On my desktop computer. How pray tell do they do that?

Corpse: DNS filtering or just shutting down the internet.

Don't need DNS. Access any node by IP and get a list of IPs of peers.

Shutting down the internet is ideal. But authoritarians like Chicomms want the internet up and the ability to honeypot, entrap, bribe, etc that comes along with it. Our own deep state wants the same. Even our shallow state tax authorities want blockchain access so they can trace all transations to the greatest extent possible.

Corpse: You are deluded, or just stupid, if you think anything you do isn't watched and tracked...

Watching and tracking everything is a given. The question was whether Bitcoin activity can be blocked. The answer is they can't (other than shutting down the internet for 100% of the population) and don't need to as long as they can track everything.

All the world's high tech gurus have not been successful in manipulating Bitcoin.

The price of bitcoin goes up 40% after Trump's election. That's not manipulation? Hype about what the president can do is manipulation. Trump's apparent support of crypto currency is manipulation.

The market price of anything including crypto can be manipulated.

Well, there you go. Manipulation.

But that's controlled by global demand and Putin can only pump and dump like everyone else.

Putin, like Trump, will have an effect on the market, for anything, including bitcoin. Talk it up or talk it down, and voila!, the price goes up or down, which is essentially, manipulation. People in high places can make things happen, sometimes good and other times bad.

And, when it comes to bitcoin, there is no real demand. The world has operated in the marketplace with government issued currencies, for millennia. There used to be a demand for cabbage patch kids some decades ago, and the prices of those dolls went through the roof. It was a craze, and the craze created the demand and the demand created the crazy prizes. Crypto currencies could die tomorrow and a lot of people will lose loads of money, but the government issued currencies will live on.

It appeared you were conflating "pump and dump" which is the world's oldest manipulation with some kind of mysterious high tech manipulation by Putin's evil genius hackers

The former exists and is pretty common in crypto especially "alt coins". The latter is not in available evidence. Hackers have had years and lots of incentive to manipulate Bitcoin in some high tech way. So far almost zero success.

And, when it comes to bitcoin, there is no real demand

Only $100k for something that used to cost a fraction of a penny. But that's not "real" demand as you point out. But the reason is not simply that it's another cabbage patch kid because CPK's are actually physical objects with residual value. You can give one to the dog to chew on and both you and the dog will be amused for a few minutes or so. Can't do that with a Bitcoin private key.

However there are other use cases for Bitcoin that are non-physical, like using the Bitcoin block chain to store immutable data. Example: https://unstoppabledomains.com I am certainly no expert in these use cases but I do know that they create demand and bump the price. You can say that's just another scam, but a lot of scams can add up to real demand.

Bitcoin is a distributed ledger with a unit value corresponding to demand

Based on... what? Ownership of the electrons that make up that particular number?

Like I said... what is worth less than PAPER money? Electrons. Pure Unicorn farts...

Don't need DNS. Access any node by IP and get a list of IPs of peers.

Track the routes and poison the IP tables. Easy when you have direct control over the ISP backbones due to "National Emergency"...

How much BTC was spent in North Carolina in the aftermath of the hurricane? 0. 0 BTC as they didn't even have POWER for weeks on end, much less internet.

Millions of private money and donations made it there... Weird how that works...

Not sure why you mention electrons. I have private keys in memory (nominally electrons) but also printed on paper. The fact that I know the private key and nobody knows the private key is the essence of owneship. Do you own your home? Or is it just electrons in the computer at the courthouse.

Like I said, no intrinsic value for the entries in the blockchain but the fact those entries are there and immutable has created immutable data use cases resulting in demand. Also a whole lot of greater fools. Also most alt coins are pump and dump. However some alt coin some day will supplant Bitcoin because it will be more robust against brute force or newly discovered crypto weaknesses.

Good for you... does the guy with a pop-up roadside stand selling food in an emergency have the same kind of rig? If not, you aren’t going to be able to buy food from him.

Still can’t pay your mortgage though... Or buy gas? Or an airline ticket?

Weird... Almost like the only thing propping up your electron based currency is your FAITH that others will have as much value for your little number schema as you do...

Which is just like our fiat FRN’s minus the utility of still being able ot use it when the lights go out...

All monetary systems are based on faith or force. Your meat world examples are valid enough, gotta eat something, especially in your doomsday scenarios. But the other use cases are still there, under the umbrella of web3. It's digital of course. When you look through them: https://www.fiverr.com/gigs/web3 you see a lot of self-licking ice cream cones. Lots of web3 services for sale to help other people start their own web3 pump and dump services.

I find this stuff to be interesting but I haven't kept up.

LateralusYellow comments fairly much describe what Armstrong’s ambiguous signals really are about. Armstrong promoters come after the fact with a cherry-picker to re-define the target dimension / objective / unit of measure / timing of the forecast. The most ridiculous or alarming / eye-opening example should I say is the re-definition of Martin Armstrong’s failed bond decline forecast, where he, after the fact, when it failed, re-defined the unit of measure from price to the esoteric measure participation has anybody ever heard about this? How do you trade “participation”?).

This guy thinks we are all idiots and need to be ripped off, buying his overpriced services and reports. The example is here on his own web site. Check it out: Big Bang v REPO. Sure, “Big Bang In Participation” You can read this here as well: 2015.75 ECM date was a big bummer for Armstrong . People are laughing their heads off.

Read here: https://bitcointalk.org/index.php?topic=1082909.msg53856837#msg53856837. If you read the forum there, over 300 pages, the guy has been discredited with real facts. Just come over there to see the remains. The game is pretty much over - Armstrong is running a scam and every man and his dog knows it.

https://www.reddit.com/r/aec/comments/fqaixq/armstrongs_model_did_forecast_this_crash_but/

Armstrong Jan 26, 2020:

There is a 13-year cycle in Influenza outbreaks. The last pandemic with respect to the strain of the Influenza was 2009. The next one of those to reach a possible level of a pandemic will be in 2022. This is where the largest death toll appears to be most likely. Keep in mind that the last deadly pandemic began in 1918 but it lasted for two years into 2020. Clearly, the worst year ahead appears to be 2022.

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