BITCOIN #1: LINKING MEDICAL AND CURRENCY RISK

Here is a brief history lesson time for those who do not understand how Bitcoin finance links to medical risk.  

YOU SHOULD WATCH THE VIDEO ABOVE FIRST

PRESENT MOMENT:  WW2 uncovered a massive problem in financing using conventional banks in the post war period.  The baby boomers are driving massive use in healthcare because they are older and sicker.  1 million people per day become 65 years old in 2020.  Because of this, the USA is on track for a medical/retirement bankruptcy soon in the USA.

So anything that limits population size above the age of 60 will become excellent public policy because of what Nixon did in 1971.  

Do you think this is hyperbole?  

Do you want to continue to play checkers while some of us want to teach you to play 4D chess?   

Our population is very ill  and OLD and the system is not able to handle their costs.  I see a bankruptcy of California and NY coming quite soon because of policy decisions.  Presidential decree and Congressional bailout are required to bail out a state.  Once this happens, money will be printed at will to pay the debt.   When did the US dollar become a FIAT currency?  1971 under Nixon.  This was done when Nixon announced the War on Cancer with Alton Ochsner.  The link for my members should now be obvious.  It was linked to the polio virus contamination with SV-40.  The government knew that there would be a coming chronic disease pandemics and had to do something to react to it.  

President Nixon said to the Nation during his January 1971 State of the Union address: "I will also ask for an appropriation of an extra $100 million to launch an intensive campaign to find a cure for cancer, and I will ask later for whatever additional funds can effectively be used. The time has come in America when the same kind of concentrated effort that split the atom and took man to the moon should be turned toward conquering this dread disease. Let us make a total national commitment to achieve this goal."

As part of this national effort, in October 1971, the Army's Fort Detrick, Maryland, biological warfare facility was converted to a cancer research center, eventually becoming the Frederick Cancer Research and Development Center, an internationally recognized center for cancer and AIDS research.  That last part should perk your ears up.  AIDS is linked to the SIV for those who do not know.  Those of you who attended my July 4, 2019 event should really be perking up about now.  It was at this event that you heard me speak about the polio virus and the coupling to Bitcoin for the first time for my members.   I know it left many of you asking questions but this blog series will begin to close that gap.   

On December 23, 1971, President Nixon followed through on his promise as he signed the National Cancer Act into law, declaring, "I hope in the years ahead we will look back on this action today as the most significant action taken during my Administration."  

The National Cancer Act (P.L. 92–218), "The War on Cancer," gave the NCI unique autonomy at NIH with special budgetary authority. We see that unique behavior now born out in how Dr. Anthony Fauci has run free during the C19 pandemic.  Not even a president can keep a lid on his behavior.  You must ask yourself why this is the case.  I am asking you to look back to 1971 to understand what is really going on today.  

The Cancer Chemotherapy National Service Center (CCNSC) increased its efforts to acquire new compounds for testing with the awarding of an acquisition and inventory contract responsible for the collection and documentation of test agents.

What else did they do at the same time?  

Nixon created a shock wave for the economy.  The Nixon shock was a series of economic measures undertaken by United States President Richard Nixon in 1971, in response to increasing inflation, the most significant of which were wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold.  

While Nixon's actions did not formally abolish the existing Bretton Woods system of international financial exchange, the suspension of one of its key components effectively rendered the Bretton Woods system inoperative. While Nixon publicly stated his intention to resume direct convertibility of the dollar after reforms to the Bretton Woods system had been implemented, all attempts at reform proved unsuccessful. By 1973, the Bretton Woods system was replaced de facto by the current regime based on freely floating fiat currencies.

Since President Nixon's decision to decouple the US dollar from gold in 1971, a system of national fiat currencies has been used globally.   My Black Swan who get this coupling are now talking about it privately.  My Farm members get more of this wisdom and insight than any other.  This is why I spoke about it publically for the first time in July of 19.

What is FIAT money?

Fiat money can be:

Any money declared by a government to be legal tender.

State-issued money which is neither convertible by law to anything else, nor fixed in value in terms of any objective standard.

Intrinsically valueless money used as money because of government decree.

An intrinsically useless object that serves as a medium of exchange.  Before fiat money the US dollar was pegged to the gold standard.  When and how?  The Bretton Woods system of monetary management established the rules for commercial and financial relations among the United States, Canada, Western European countries, Australia, and Japan after the 1944 Bretton Woods Agreement. The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent states. The chief features of the Bretton Woods system were an obligation for each country to adopt a monetary policy that maintained its external exchange rates within 1 percent by tying its currency to gold and the ability of the International Monetary Fund (IMF) to bridge temporary imbalances of payments. Also, there was a need to address the lack of cooperation among other countries and to prevent competitive devaluation of the currencies as well.

Preparing to rebuild the international economic system while World War II was still raging, 730 delegates from all 44 Allied nations gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire, United States, for the United Nations Monetary and Financial Conference, also known as the Bretton Woods Conference. The delegates deliberated during 1–22 July 1944, and signed the Bretton Woods agreement on its final day. Setting up a system of rules, institutions, and procedures to regulate the international monetary system, these accords established the IMF and the International Bank for Reconstruction and Development (IBRD), which today is part of the World Bank Group. The United States, which controlled two thirds of the world's gold, insisted that the Bretton Woods system rest on both gold and the US dollar. Soviet representatives attended the conference but later declined to ratify the final agreements, charging that the institutions they had created were "branches of Wall Street".  These organizations became operational in 1945 after a sufficient number of countries had ratified the agreement.

On 15 August 1971, the United States unilaterally terminated convertibility of the US dollar to gold, effectively bringing the Bretton Woods system to an end and rendering the dollar a fiat currency.  

FED policy since 1971 was tied to control of the money supply without any grounded basis.  This has given central banks extraordinary control over public policy.  The major driver of costs in the USA budget since 1971 has been healthcare driven by the aging baby boomer. 

So what do I see in the future?  

What do I see?  The Fed under Biden will only have two moves left to control the money supply :  Print more cash or go to negative bond rates.  Do you know what both of those things mean to you medical future?  How about your financial future?  

What do I see as option three?  Is there a lift raft awaiting the Black Swan who plays 4D chess when everyone else is focused on the wrong metrics?  I believe there is.  There is one algorithm that is designed to fight the algorithms that are being built in corporate medicine which are designed to harm you. 

I see a new Bretton Woods happening in the USA and Bitcoin will be that standard.  I think medical bankruptcy by medicare and the two state defaults as the replacement for Bretton Woods during WW2 to replace the fiat currency.  

THOUGHTS?  Leave me a comment below if you are a patron.

If you are a member of www.KruseatDestin.com I have more for you.   

If you want to begin packing your own parachute or life raft open a BlockFi account here: https://blockfi.com/?ref=34f06254

This is advice I have given my Farm members.  I will be discussing this during this months Q and A for members.  I plan on opening the Q and A for all groups this month because this topic is now critical given the election results in the USA.  

This is why your circle of six matters.  Consider this my friendly reminder to you, you better have the right sets of eyes looking out for you in the future.