BTC#16: THE CIVIL WAR HAS A LESSON FOR BITCOINERS

Perfect money has never existed, of course until now, gold is the closest thing to it. The shiny metal might be a pet rock or a barbarous relic to some, but it has remained the most stable asset over the last 5000 years, granting stability every time monetary collapse ensues; the best candidate to replace whatever the elites claim is backing the fiat monetary system is now underway.  Bitcoin is a solution outside of the governments power.   I believe it will be a large part of the solution of the coming financial tsunami in the next 5-9 years in this Fourth Turning.

In the early 1800s, during the first of George Friedman’s U.S. socioeconomic cycles, the greed of the Second Bank of the United States’ stockholders created an economic depression. To enrich themselves, they issued paper currency with no backing, prompting rampant speculation, ultimately leading to a crash. (Pic of Jackson from New Orleans)

The 1837 Panic ensued as President Andrew Jackson, a sound money advocate, had responded to the speculation by backing the U.S dollar with gold and silver to purge economic deformities from the previous cycle. The economy remained somewhat stable until America fought a civil war thirty years later. Abraham Lincoln’s government committed the same economic suicide as the shareholders of the now-defunct Second Bank of the United States. That bank issued vast sums of paper currency to finance the Civil War by printing money— plus speculation on railways — drove America into yet another depression, which led to the Coinage Act of 1873 where President Ulysses S. Grant enacted the de facto gold standard to suppress malinvestment and inflation.  This is where the gold standard began to end the hyperinflation of money printing.  

This period in U.S. history is what American’s should expect when the next crisis unfolds today in front of eyes, only this time with a modern twist:  Cryptocurrencies will be used in some way to replace gold.   The next major collapse will coincide with both the mass adoption of crypto and the resurgence of commodity money in some fashion. 

As paper fiat money rapidly devalues something else the elites will use will reflate the value of money.  This will lead the resurgence of commodity money around the world.  I expect it to be fully digital.  The COVID pandemic has already begun to warn people to stop using fiat and used debit cards and credit cards and I view this as step one of the government warning the public something new is coming.  They will use the pandemic to ease into a new monetary reality.  I believe this is why the pandemic really was orchestrated as it has been.  It provided a cover for the Treasury for us to avoid another civil or revolutionary war.  I believe this is why the elites in Washington DC have made the January 6th reactions of the people so noteworthy in their response.  Furthermore, I believe that is why permanent fences are being installed in the Capitol.  If they did this without the events of January 6th they'd have no plausible answer why they did this.  

Detractors like me, are cautioning you against the symbolism of permanent fencing surrounding the building.  A government run by criminals needs protection from the "We The People".  This is precisely what Snowden and Assange have warned us about.  Now we can see why lawmakers have asked for this.  Lawmakers say keeping a barrier around "The People's House" cuts against a message of transparency and accountability to their constituents.  This is a farce for the Great Reset s, real agenda, monetary debasement.

Permanent fencing sends the wrong message to the nation and the world, by transforming our democracy from one that is accessible and of the people to one that is exclusive and fearful of its citizens because Congress is a cabal.  

Crypto suits an increasingly technological world in which we desire speed, security, and privacy. It is programmable money and a form of digital gold.  Using precious metals as a currency — trading in grams, and transporting freight loads between parties like in the California Gold Rush of 1848 — is a crazy proposal for a modern medium of exchange. Transacting with a crypto wallet beats transacting with a gold debit card, hands down.

Crypto, however, isn’t perfect money either. At best, it’s a currency without commodity backing.  It is backed by scarcity and the promise of elimination of a central banks controlling arm.  It removes politicians and banks control.   Though we live in a society where the elites have replaced gold with debt, this doesn’t mean we must continue their mission to destroy money’s intrinsic value. We have the choice to opt out and unbank ourselves before their plan takes effect.  As history shows, we need a gold-backed currency to reverse the sickness that fiat currencies have inflicted on society, and to have any chance of preventing elites from siphoning off wealth for themselves via monetary manipulation.

Only when the great reset occurs — where the fiat system relinquishes, and money regains its value, meaning, and purpose — will we know whether this new monetary paradigm will be governed by the people for the people, or by the same type of elites who always finds a way to exploit the system. It’s obvious which outcome will create a better, fairer, juster world, but it’s also clear, based on history, that the power will end up in the hands of a more autocratic, digitally empowered elite. Is this the moment when the people finally rise up and take charge? We’re about to find out.  Is BTC packing your parachute, because it is packing mine.  I have lost all faith in the Fed and US Treasury.