*If you don’t feel like reading and would prefer to watch a video, scroll to the bottom of the page.
Why is crypto important?
Over the last decade, investing in cryptocurrencies and other blockchain projects has been very lucrative for most. You already know this.. as the profit potential is probably what drew you in.
There are, however, some of us who are more excited about the potential implication of the technology than we are about the profits.
Don’t get me wrong, a pumped-up balance is a nice thing to wake up too, but the widespread usage of decentralized currencies matters even more.
Before I get into the reasoning for that, I’d like to share a story of what “woke me up” to the fact that things aren’t always as they seem.
About 10 years ago, I started talking about investment options with a guy at the gym. He suggested buying gold and silver.
I didn’t think much of it at the time. I viewed them as hunks of metal that wouldn’t generate me any passive income.
I did, however, end up doing some research later on and came across one of Mike Maloney’s videos that sparked my interest.
He was talking about how “money” is created, which was something I’ve never learned before.. (wonder why?), and how the Federal Reserve is a privately owned bank with the ability to create as much currency as they want.
The intricacies of how they do this is explained from 2:14-5:05 of this video. To briefly summarize, the treasury and the federal reserve swap IOU’s (bonds and checks) using the banks as middlemen, and as a result of this seemingly complex process, currency is created via debt.
So, after learning what an integral role this privately owned bank plays in the creation of our currency, my next question, was obviously..
Who are these individuals with the god-like power to create “money” from nothing?
To most of us, our currency is a finite resource that we work hard for. We need it to survive. But, how many of us ever stop to question what it actually is?
We assume that it’s backed by something tangible, like gold, but it’s not. It hasn’t been backed by gold since Nixon removed the peg to it back in 1971.
So what, then, gives it value?
After all, it doesn’t take any more effort to print a 100 dollar bill than it does to print a 1 dollar bill. It’s just paper, and it most cases – it’s not even printed. Rather, it just exists as digits on a screen, without the actual paper notes to back it up.
There’s absolutely no limit to how much of this “money” can be created either. They can create as much of it as they want, and they do… to the tune of trillions of dollars.
And what happens when an excessive amount of new currency begins to circulate? Things get more expensive, obviously.
People realize that, but it usually happens at a gradual pace so they don’t realize how erroneous the inflation actually is.
Inflation is basically a hidden tax, and in combination with all the other taxes you’re forced to pay.. it keeps most people on that hamster wheel, serving the system.. while staying too busy to actually question it. And that’s the idea..
Here’s a question for you..
Let’s say we made a bet, I lost and I gave you 2 options to collect payment.
Option 1) $5000 cash
Option 2) 2 ounces of gold
But, there’s a catch..
You would have to lock it up, and you couldn’t gain access to it for 10 years.
What would you pick?
The $5000 is worth much more than the 2 ounces of gold at today’s rate, but would you be confident it would maintain its value 10 years from now?
Would you be confident the USD would even exist 10 years from now?
I personally wouldn’t be. I’d take the gold.
The point I’m trying to make is that the value of the money, which you work so hard for, can be eroded in the blink of an eye.
We believe it has value, because we’re told it has value and we’re forced to use it by the government.
In many countries though, government compulsion isn’t enough to stabilize the value of a fiat (unbacked) currency.
We’re seeing this now in Venezuela, where the prices on menu’s in restaurants needs to be altered on a daily basis, and a backpack full of currency is required to pay for a modest grocery order.
In the case of the USD, the government compulsion goes a step further..
Not only are citizens forced to trade with it, entire nations are as well.
It’s called the “petrodollar” because it’s the most common medium for oil trade worldwide.
Oil rich nations are essentially forced to accept USD, and USD only, when accepting payment for their oil.
Oftentimes the trade can be mutually beneficial, as the United States will offer something in return, such as military protection.
If however, the leader of the country wants to accept another form of payment, such as gold or euros, it’s just a matter of time before that country gets invaded and their leader get murdered.
Two recent examples of this are Libya and Iraq
In Libya, which is Africa’s largest oil producer, Muammar Gaddafi refused payment in USD and wanted to introduce a new, gold backed currency for all of Africa to use.
In Iraq, Saddam Hussein backed away from the USD and started selling oil for Euro’s instead.
Gadaffi got shot, stabbed and sodomized.. and Saddam was hung.
Each of the invasions caused a massive death toll (most of whom were innocent casualties), along with incalculable destruction to the countries infrastructure.
Here’s a clip of Hillary laughing about this.
“We came, we saw.. he died” she says gleefully in reference to Gadaffi.
Regardless of what you may think of Gadaffi, her complete lack of empathy for the thousands of innocents who were murdered during the invasion is the mark of a psychopath.
Regarding Iraq, guess what?
Saddam never had “weapons of mass destruction”.
It was a lie to justify an invasion, and they sent thousands of troops over to kill or be killed, all for oil trade and banking interests.
Bush even joked about it, and people just laughed. It’s quite disturbing.
Another disturbing clip shows Madeleine Albright, former secretary of state, casually talking about how the Iraq sanctions were “worth it”, when asked how she felt about the 500,000 children that starved to death as a result.
Relating this back to the existing monetary system, these wars of aggression are both enabled and incentivized by it.
The ability for the tyrants in power to print as much currency as they need, to buy all the bombs they want.. is what enables it.
And, the need to defend the value of their currency, while simultaneously having the opportunity to set up more central banks in foreign nations.. provides the incentive.
Anyway, the point I’m trying to make is this..
As long as we allow this erroneous, centralized monetary system to exist, the warmongering isn’t going to stop.
They’re going to keep sending brainwashed troops overseas to spread debt, death and destruction.. and we have nobody to blame but ourselves since we’re allowing it to happen.
To rub salt in the wound, as these wars carry on, the debt-clock continues to increase, and your children’s unborn children will be told they owe money for it.
This isn’t how we’re meant to live.
We’re not meant to be enslaved by foreign banking interests, born into debt bondage before we even say our first word.
To date, Americans have paid trillions of dollars in interest to these satanic, warmongering bankers.
Don’t you think that “money” could have been put to better use? I do.
We need to break away from this insidious system, and decentralized cryptocurrencies provide an escape route.
The problem though, is that the average investor isn’t aware of the potential that blockchain technology has.
It can literally change the world, but in order to understand that, people first need to understand how the current banking system works.
If people realized that mass adoption of cryptocurrencies could disempower those who seek to spread debt, death and destruction worldwide, maybe they wouldn’t be so quick to dump their holdings when an establishment figurehead, like Jamie Dimon, comes out and verbally trashes the asset class.
He’s a banker, and Bitcoin can make banks obsolete.
I’m sure the CEO of Horses & Buggies Inc. talked shit about cars back in the day too.
As someone who understands the value proposition, I find this extremely frustrating.
Think of it like this..
Imagine you were locked up in a prison somewhere…
You find the key to the cell, and the only guard is lying on the floor with a broken leg.. powerless to physically stop you..
You unlock your cell, and walk towards the door to escape.
Right as you’re about to leave, you hear the guard mutter “no, don’t go” in a pathetic, desperate tone.
Then, instead of walking out the prison door and freeing yourself, you obey the guard, go back into your cell, lock yourself in and toss away the key.
Point being.. we’ll never know freedom until we free our minds.
While we now have the tools to escape this debt based financial system, we’re not going anywhere until we shake our unquestioning obedience to perceived “authority”.
Next time you hear a government agency speaking of “compliance”, reframe that to mean “obedience”..
Obedience to those who have enslaved the world through debt and initiated several wars of aggression, resulting in millions of murders.. all for profit and control.
For me, personally.. I understand the potential of this tech and from a moral standpoint, I believe in it wholeheartedly.
I couldn’t care less how members of the existing financial establishment portray it.
Central Bank Digital Currencies Are On The Way
If everything I’ve written so far hasn’t convinced you of the need for robust, decentralized digital payment networks, perhaps the CBDC’s that are planned will.
What’s so bad about CBDC’s? Well, for starters, they will be controlled by the same psychopaths who control the current financial system. It’s merely a power-grab.
In a cashless environment, a CBDC would enable the system controllers to monitor everything you earn and everything you purchase (including your location).
They also want these CBDC’s to be programmable, so they can do things like make your savings expire after a certain date to “stimulate the economy”.
The more leverage you give them over you, they easier it is for them to force obedience.
Imagine, for example, if you don’t want to get injected with mystery substances next time they declare a “health emergency”.. they could just deduct fines right from your account until you comply.
Attend a protest they don’t approve of? They could freeze your account as a penalty. We saw a form of this during the trucker protests in Canada when people had their accounts frozen.
A CBDC in a cashless environment would not only make freezing accounts easier (and leave people with less options to work around the sanctions), but they would also let the gov/bankers know who exactly was in the crowd at the protest as they would have records of everyone who made purchases in the area.
Imagine how useful a centrally controlled CBDC would be if they wanted to force lockdowns again in the future. During the “health emergency” of 2020/21, some jurisdictions were placing limits on when people could leave their homes, and how far they were allowed to travel.
With a programmable CBDC, they could disable your ability to make purchases beyond a certain kilometre radius of your home. Would a feature like that be useful if they wanted to keep you within your “15 minute city” in the future (especially when paired with electric vehicles that have kill switches)?
Will they do all these things? Maybe not.. but why give them that ability in the first place?
We now have much better decentralized alternatives. We just need more people to start using them.
Please share this article with your friends who don’t fully understand how important this technology is.
We need to work towards mass adoption, and the more people we can get aligned with the underlying freedom-oriented philosophy of this technology, the more likely that is to happen.
