Realist, not conformist analysis of the latest financial, business and political news

What If Cryptocurrency Is Not Our Revolution, But Theirs?

I say that central bankers and their friends are not straining to repair our monetary systems, but preparing to replace them.

And they are hardly hiding it – they are producing promotional videos about their intentions.

But for how long have they been preparing, and what’s their cunning plan?

Well, back in 1988 the Economist told us to get ready for a global currency. Right on the cover.

And then less than a decade later, the NSA seems to have invented cryptocurrency.

The original paper can still be viewed online – How To Make A Mint.

At some point the ruling classes perhaps became dimly aware that people viewed them as deranged psychopaths and would not take kindly to having cash abolished and their money placed exclusively in the hands of same, so they presumably wargamed (globalists love a good wargame – see the well-timed Operation Dark Winter, Event 201 and Cyber Polygon) how best to effect these changes without too much trouble:

And they decided that it would be best if we did the work for them.

The plan they hatched was quite a crafty one – create a Trojan cypher who could be lauded as our saviour, the apparent creator of a cryptocurrency that was outside the control of the deranged psychopaths and who could lead us away from the deteriorating fiat currencies and into the promised land of sound decentralised money, once we had discovered it sitting on our intellectual doorstep and dragged it inside:

Enter “Satoshi Nakamoto”.

And so Bitcoin was born and the long process of normalisation and enthralment began. The initial scepticism was steadily eroded by positive coverage and benign (indeed absent) regulation, and anyone who openly doubted the providence or usefulness of this upstart currency was decried as a FUDster (fear, uncertainty and doubt) – the non-believers were gradually purged, and once it was obvious cryptocurrency was accepted, they let it rip.

Meanwhile Nakamoto had become first a dollar millionaire and then a billionaire as his Bitcoins appreciated in value. To this day, he has liquidated none of it.

Of course being entirely fictitious, he doesn’t really need the money.

But although the architects of this new monetary system needed private crypto to get us used to the idea, they don’t really want Bitcoin and its trailing archipelago of shitcoins to have any sway over the new global money – how best to disenfranchise them all without complaint?

Well, get us all to distrust it – make it clear that in the absence of any regulation (that they chose not to build) it had become a massive global warming contributor, playground for criminals, paedophiles and drug smugglers. The currency of choice of organised crime (and of course the dollar has no such problems) finally needing to be banned.

Just not before they have a cryptocurrency of their own ready to replace private crypto, but then how best to organise that? They are deranged psychopaths, which is not a core skillset for cryptographers. Possibly.

What they needed was a ready-made team of such people – ideally working in one of their tentacles with a long association of sharing intelligence with them, who could be trusted to build it and support it, but then hand it over to a globalist governance body when the time came.

Ideally their version would be already be well-known but not in use (so as not be be tainted by association with private crypto), and to have uniquely gone through some kind of theatrical vetting process that they can point to. A stablecoin naturally, linked to the currencies they already control. Just………..digital fiat.

A cryptocurrency that had a veneer of modernity and decentralisation and was pristine, with no baggage, and yet was completely centralised and controllable. A monetary wolf in the most sheepish of clothes.

Give it a nice colour scheme and have it ready to go, so that when private crypto eventually has to be torn down, there is a ready-made replacement into which we can all be stampeded. Give it a name that resonates with the ethos behind the new monetary system (that we will own nothing and be happy), and need only enough money for the day.

All your UBI and income, and all your private crypto, able to be expressed as a nice neat stablecoin globally.

Ladies and gentlemen………

Let the stampede begin.

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Greg Vose
Greg Vose
4 months ago

Hey, that was back when the Economist was a great magazine.

Bloke on M4
Bloke on M4
4 months ago

I’m not sure that private crypto can be torn down. Government control works when you have larger, physical institutions with high startup costs, or pinch points like customs posts. Government can easily know who is doing banking because it requires physical presence, so they can license and control it. Suitcases of money going through customs will get spotted. They can complain about the energy of mining, or the use of it for narcotics, and pass laws, but how easy are they to enforce? If I mine some a few coins, they’ll never know. If the government shuts down bigger miners,… Read more »

Craig
Craig
4 months ago
Reply to  Bloke on M4

Its a good point, maybe they can’t, though apparently the FBI somehow seized the Bitcoin related to the Colonial Pipeline ransom, but I digress, here’s the thing, the government couldn’t end drugs either, but they made life miserable for ALOT of people didn’t they?

Michael van der Riet
Michael van der Riet
4 months ago

For a bubble to work properly, there has to be a non-return valve somewhere in the plumbing. Speculators must be able to convert dollars into the phantom asset easily, but converting back into dollars must be difficult. If Cryptos ever do become everyday currencies, their values will plunge.

Craig
Craig
4 months ago

This is actually long term bullish for silver/gold tradeable sized coins which won’t be traceable by the government.

Spike
Spike
4 months ago

It’s not necessary to posit a conspiracy to explain Crypto. Cash is supposed to retain value and support privacy, and has been getting worse at both in leaps and bounds, hence the flood to Bitcoin despite no guarantee of value beyond the ones penguins get by being in a large flock. Of course gov’t will move in, and the bubble will burst as gov’t ruins the expectation of privacy. Gov’t will have a good excuse, whether or not it “wanted” us to use Bitcoin.

Snarkus
Snarkus
4 months ago

Not sure if this article matches what is going on. Robert Cringely made a point IMHO, when he argues cryptocurrencies are not currencies. They are means of moving value. ie got a real few million in currency where there are problems getting it out ? Buy cryptocurrency dejeur and retrieve currency somewhere else where in theory, it cant be tracked or traced. This is why Bitcoin and the rest go thru such massive price changes. Someone is moving a fiat currency thru it.

Snarkus
Snarkus
4 months ago
Reply to  Snarkus

However, on reflection, the sociapaths that are the senior bureacrats and some pollies would love to have another way to steal assets from citizens. That the Marxists also want to steal private assets for the greater good is an unexpected confluence of interests. That “Crises” , real and manufactured may make the simple minded, like most intellectuals, demand serfdom for all is a winner, especially now the general citizen has been persuaded that we are going to die real soon now unless we do economically destructive activities, like shutting down realiable electricity generators. I am sure the Chinese and Russians… Read more »

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