Posted on 03/08/2022 5:59:42 PM PST by delta7
Blog/Cryptocurrency Posted Mar 8, 2022 by Martin Armstrong Spread the love more
I warned ion the private blog that cryptocurrencies may end up being suspended. The excuse will be Russia and the news is out now that Biden will sign an Executive Order to regulate cryptos because Russia can use it to circumvent sanctions. Not only is Biden authorizing the regulation of digital currencies, but he is also instructing to move forward with a central bank cryptocurrency. Once that is done, all other cryptocurrencies will be seized and folded into the government’s crypto. There will be no competition. Money historically has also been the Divine Privilege of Kings and Tyrants.
Biden is now proposing to ban all Russian Energy sales to the West. Prices will rise sharply still and Biden is blaming Putin claiming this is the “price of freedom” for Ukraine which is all BS so governments can avoid responsibility for the collapse in the supply chain thanks to COVID and their shutting down fossil fuels for Climate Change.
Now it is time to blame Putin for the continued rise in gasoline which is their agenda to save the planet. Their clock in NYC that they were telling the world we had only 7 years left if we did not ban fossil fuels is being accomplished under the pretense of “freedom” for Ukraine.
Macron desperately needs this war to fulfill his agenda and role in the grand scheme. Macron has been arguing for a European Army and they need this war to justify not NATO, but a new EU Army that is not bound by NATO rules and treaties. The EU Commission has been working on its proposal to establish a joint budget for the Eurozone since 2017, which is the endgame of federalization. The aim was to cement the monetary union in place and thereby prevent any more BREXIT nonsense from their view. Now they are pushing to issue an EU Bond and they are now using this war with Russia as a power grab to federalize Europe.
We now have private companies throwing Russians out in every possible context. The Russians have replaced the Jews of Germany. They are now regarded as swine and nobody should do any business with them whatsoever. This war is part of the Great Reset. They can no longer fund the governments and Keynesian Economics has collapsed. This is all part of the agenda and it is being carried out in sequence….
Well, duh. It was obvious the moment that governments started talking about central banks issuing their own crypto that private crypto would eventually be outlawed.
It’ll work as well as making torrenting movies illegal.
“It will just harden the security of the legit cryptoassets and make them more decentralized, permissionless, and uncensorable.”
It will make mass public adoption of private crypto an impossibility.
Sure, there might be some black market for what exists, but it will be as useful as a currency as any other black market item, like kilos of heroin or stolen art.
“Not sure what having a central bank try to control the price of them or have governments control them would look like”
The crypto sites have public ip addresses, don’t they? Big brother can see who’s using them and could block access to them, couldn’t they?
The connected rich will all dump their crypto before the crash, just like they do always when there is a government-induced crash.
The non-connected rich people, well, the government doesn’t care if they go bankrupt.
But illegal for you to own.
Crypto is actually safe, but only if you don’t go through a third party like CoinBase. It’s the third party that is vulnerable.
Three letters: VPN.
It isn’t safe from the government when you are doing it wrong...do not use “KYC” exchanges like Coinbase to buy crypto if you want to remain anonymous....go ahead and buy there (easiest USD to crypto option) if you are OK with Cap Gains taxes...and most importantly do not leave any crypto on an an exchange where the government can “freeze” it. Have it on a personal crypto hardware wallet at home in a safe/fireproof place...then it is just as safe as gold/silver at home. If fire is a possibility use a SS “backup phrase” recording device: https://www.seedphraseprotector.com & https://www.buybitcoinworldwide.com/wallets/steel/
“he is also instructing to move forward with a central bank cryptocurrency.”
There is no such thing. A central bank digital dollar is most assuredly NOT “crypto”.
They will make them illegal to own, to trade, to possess, and to have access to electronically. You have the means to shut down the pathways to all things digital. No mining, no wallets, No IP traffic to carry anything to do with illegal cryptocurrencies.
“Not sure what having a central bank try to control the price of them or have governments control them would look like...”
I don’t think the governments care about the price, they just want to control all the exchanges, so then they can track every single bit of currency wherever it goes, and lock any person out of the system with the push of a button.
Then, they’ll ban old-fashioned currency and move everything over to government crypto, issue everyone an ID number and they’ll have total financial oversight and control over everyone on the planet.
A government digital dollar is not “crypto”.
You’ll still be quibbling over semantics when they convert everything you own to Fedcoins under their thumb.
I’d like to think you’re right, but these folks want to destroy
the middle class. A whole lot of folks out there went into
crypto trying to cash in on the next “new thing.”
No, first they cannot find them. Second, I will know the difference between a currency beyond their control, and a state controlled central bank digital dollar where they can manage it however they please.
“Too many rich people involved in crypto for the government to destroy it now.”
Tell that to all those who had numbered Swiss bank accounts who got busted.
That’s silly talk. If you have to disclose them or not use unregistered ones, you’ll just do a long stint in a Federal prison if caught.
I have posted repeatedly that this day was coming. There is no way in 1000 years central banks are going to allow 1) competition 2) “secret” money getting passed about.
“first they cannot find them”
Sure, and when the government banned people from owning gold, plenty of people buried some in the backyard. Didn’t really stop the government from purging gold as a usable currency though.
“I will know the difference between a currency beyond their control, and a state controlled central bank digital dollar”
Yes, the difference will be that you can engage in necessary economic activity with the central bank one while the other you might be able to use on some black market, for some limited purposes, if you don’t get caught.
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