Why is the War Inc. so profitable?
How the fiat money system creates perverse incentives for war, who the war-profiteers are and how Bitcoin can reset the incentives to foster a more peaceful future.
Introduction - The System of War
A "system" is a group of interacting, interrelated, or interdependent elements forming a complex whole. War has been built a system. The quote attributed to George Washington "Prepare for war to achieve peace" has been repeated as a mantra by politicians to keep the wheels of war well lubricated. Ian Morris, a professor of Classics at Stanford, argues in the Washington Post that, in the long run, wars make us safer and richer.
Morris´argument - that thanks to war our societies have evolved from tribal communities plagued by everyday violence to larger communities (Nations) where the violence is mostly the monopoly of the State and therefore the risk of person to person every day violence has diminished - is non sense. Clearly violence and war are deeply ingrained in the man´s nature and will never disappear. However, feeding a culture of war as a righteous endeavor and fostering a system of war and an economy of war certainly does not improve our future prospects.
Indeed the impact of the "system of war" on our western societies is truly devastating. Vital financial resources are spent for destructive wars or military readiness rather than to improve our societies. It is a drain on our economies and well being. The military´s impact on the environment is the most devastating. Since nuclear deterrence has already been achieved by the most powerful military, all the rest does not increase the overall security or deterrence. Quite to the contrary military proliferation increases the risks of military confrontation and new types of asymmetrical warfare.
International diplomacy has become useless and international relations are collapsing. International Law is being rewritten and new doctrines to justify war crimes - such as preemptive strikes, retaliations and collective punishment ending in genocides - are promoted.
Those who are rightly advocating for a demilitarization and a reduction of the military industrial complex and its expenditures are mainly focusing on 3 strategies: 1) demilitarizing security, 2) managing conflicts without violence, and 3) creating a culture of peace.
That is all good but it fails to address what is in my opinion the most basic question: the money. How does the fiat based money system affects and reinforces the War System? How would the perverse incentives of the War System - make war to make money - change if we change the money itself?
Because to kill a metastatic cancer you have to deprive it of its blood, of its vital nourishment. The War System is the metastatic cancer of our societies and the money is its vital blood. That´s what we have to change first and foremost.
This is the easiest path. Also the fastest path and that of the least resistance. A new money adoption is an individual choice. Each of us can-opt out today of the current fiat system and enter the new one. It does not require the investments that demilitarizing security needs. It does not require the time needed to re-program our minds from a collectively biased "culture of war" into a "culture of peace". It does not require gaining indispensable political and societal support to counter the malignant and powerful forces which have enormous economical vested interest in the military-industrial complex.
It is a truly peaceful process which can be done individually, with a little effort and a little learning. And it may really change the world. Let´s dig into that.
The USA and Israel are the Western most militarized societies.
Nowhere in the west is the culture of war as palpable as it is in the USA and in Israel. Here the System of War is always at work, 24/7, 365 days. Here the MIC (Military-Industrial Complex) - which former CIA Intel Analyst Ray McGovern redefined as the Military-Industrial-Congressional-Intelligence-Media-Academia-Think-Tank complex (MICIMATT) - is most powerful and far reaching.
It is also not a coincidence that the USA is currently considered worldwide the biggest threat to the world´s peace. And Israel is considered the biggest threat to the peace regionally in the Middle East.
Both the US and Israel have oversized MICs. Both countries economical interest are substantially dictated by their MICs. Which means that in order to export such products, the respective MICs need to create the opportunity for war. It is undeniably a perverse mechanism.
Understanding the War System.
The War System is complex. It has its stakeholders, its profiteers and its actors. And wars do not happen in a vacuum. It is naive to think that in such a system, within highly militarized societies, events which may trigger a military confrontation just happen suddenly and randomly. Indeed war triggers very rarely happen by chance, by what is called a "natural war trigger". More often than not wars are the direct consequence of "managed triggers" or "fabricated triggers". Starting with 9/11 – all the "wars on terror" have been triggered by an evil mix of both.
Gaining political support legally or illegally
It is key to understand that military action can be taken only with the largest political and public opinion support, possibly bi-partisan. It is therefore a necessity to create the opportunity for "war triggers" and present them to the public in a way to ensure the maximum bipartisan support. This is achieved in a number of ways, either legally or illegally.
Political support is legally obtained by the industry lobbies with their donors, a legalized form of corruption which favors those with deep pockets. But it is also obtained illegally by either corruption or blackmail. Sexual blackmails are often the most effective way to gain political influence. Many have heard about the Epstein/Maxwell pedo-prostitute network of well known personalities. What not everyone grasps is the hidden scope of the whole affair. This is an essential part of the War System and it is used as a tool to blackmail key personalities in order to get them to politically support military actions whenever needed.
Israeli secret services are masters at that, because they are the only ones who can leverage a global network of Katsas and Sayanims bound by transversal religious faith rather than nationality. It is no coincidence that both Maxwell and Epstein are Jewish and Maxwell´s father was a well known Sayanim. It is also no coincidence that Epstein was conveniently "suicided" in his cell so that he could take his secrets in the grave with him. Very likely they were both Sayanims, running a sexual entrapment scheme targeting political personalities to be blackmailed whenever their political support was needed. Many such personalities had either direct or indirect influence over the "wars on terror" of the last 20 years. It is therefore not difficult to imagine how any one of them could have been blackmailed into supporting such disastrous enterprises one way or another at any point in time. Looking at what has yielded to Israel the 20 years "war on terror" run by its US proxy (i.e. the demise of its most dangerous rivals Iraq, Libya and Syria) and the fact that Israel is the only country which has gained a stronger geopolitical stance in the Middle-East from such wars without spilling any of its blood, it is fair to assume that they had a role in manipulating the events, one way or another.
At min 1.06.50 of the above interview arms sales to Zionist groups and the Clinton-Lewinsky blackmail affair are exposed.
And the Epstein/Maxwell ring was certainly not the only sex entrapment scheme being run. There has been also a lot of speculation recently about similar networks in the Ukraine´s wild sex-supermarket. Considering the quantity of western political and business leaders who have entertained a leisurely trip to Kiev in the last 2 years and the mind blowing amount of money which is being recklessly pumped into the Ukraine laundromat to pay the Western MICs (USA-UK-France-Israel) and notwithstanding the doomed course which the war is taking for the West, the same hypothesis cannot be ruled out. The use of sexual blackmail explains why some prominent members of society would publicly make blatantly false or illogical statements to support a script, a narrative dictated by someone else. A strategic system of blackmail of the sort Kay Griggs described explains why a phalanx of politicians lies in lockstep to their citizens (Iraq, Libya, Syria, Pandemic, Russia-Ukraine, Israel-Hamas) and acts against the people's best interests.
Conspiracies have existed through the entire history of humankind. But the idea that there is no conspiracy among at least some of the ultra-wealthy and the political elites is also highly improbable. Mocking the very idea of conspiracies is a key tactic to keep such discussions off the table.
Staging the ground for a war triggering event
All in all gaining political support either legally or illegally - via corruption and blackmail - is a fairly simple endeavor. More complex though is how to get the public opinion on board to support a military action and convince them that it is eventually worth spilling their own blood for the cause. If the above was not bad enough, here it is where things get really dirty and evil.
A shock is what is invariably needed. A most shocking event was certainly 9/11 together with the recent "Hamas attack" in Israel. The two events, even if more than 22 years apart, could well be linked and be part of the same 20 plus years matrix.
US General Wesley Clark declared in an interview part of the documentary linked below, that shortly after September 11 he was presented at the Pentagon with a list of the countries with which the US would have made war after the Afghanistan campaign had started. The list included Iraq, Libya, Syria and Iran.
Prescience. The agenda to bring very profitable business to the American-Israeli War Inc. for the next 20 years had been drafted a mere few days after the 9/11 attack, if not before that.
20 years later it is a sad and undisputed truth that the 9/11 events have been used to manipulate the public opinion into each of those wars starting with the "Anthrax" false flag attacks and the shameful and fraudulent WMD declaration of US Gen. Colin Powell at the UN Assembly to justify the invasion of Iraq. If you are interested to dig into the inconsistencies and the lies of 9/11 you can start with this excellent documentary.
The last country which remains to tick-off from the "list of evils" shown in 2001 to Gen. Clark, is Iran. Considering the similarities of Sept/11 and October/7 events, its profiteers and the actors, a link between the two cannot be excluded. The critical point to make here is that, regardless of whether or not such events are - as it seems increasingly likely to the attentive observer - a mix of false flags and "managed triggers", it is indisputable that they have been manipulated in the past and will also be manipulated in the future to direct military actions in a way which benefits both the respective MICs and their stakeholders.
Bring the Mainstream-media on board
Not much to discuss here, they are already fully on board. More than words a few graphs are self-explanatory.
If shareholder´s control is not enough, appointing your pal to the Board will do. Otherwise disbursing some "pocket money" always works with presstitutes.
It is blatantly clear that the mainstream media sing the same song in unison. Therefore someone shall be sending them the daily script to read out loud. Which they diligently do.
Occasionally they make Joint Ventures
Each war also achieves very profitable collateral objectives. Whether it is to illegally import drugs one way and exporting cargo-loads of weapons the other and then fly back with a plane load of cash to be laundered by a friendly bankster (see the "Iran-Contra affair" and the "War on Drugs" with multiple Central-South American countries or with Afghanistan) or to "legally" size, steal and exploit valuable natural resources of the country attacked (such as oil or gold reserves in Iraq, Libya or Syria), the MIC stipulates the required business joint venture with other sectors.
At times they call upon another powerful Industrial Complex such as Big Oil or Big Pharma. In such case it easy to imagine how extensive and far reaching can be the combined power of such industrial complexes in dictating their profitable agendas to the political sector. Often though, there is also another even more profitable illegal side to every such ventures. Then the organized crime is called upon to manage the dark side of it. Each war scenario generates a cascade of collateral business opportunities for the organized crime: from money laundering schemes to contraband of drugs, weapons, people and organs. All those illegal businesses are a direct consequence of what is purported to the public opinion as the righteous "war" on whatever may be the objective of the moment: the drugs, the Muslim terrorists, the virus, or whatever the MICs and their corrupted stakeholders can come up with. And the Deep State/Intelligence Complex are not short of opportunities to deal with the organized crime. And if you ask the question that the real Barry Seal once asked his controllers "Is this Legal?", the answer you will get is "Think like that: you do it for the good guys".
The War Profiteers - The MIC and their controllers
A Watson/Brown University paper released in September 2021 analyzed the 20 years "war on terror" and found that of the approx. US$ 14 Trillion spent, between one third and one half went to defense contractors i.e. the MIC. War definitely pays well the MIC and its "Machiavellian" stakeholders, no wonder they pursue such handsome profits by every means possible.
Take for instance the first company of the list, Lockheed Martin, and look below which are its main shareholders: State Street, Vanguard and Blackrock together with their banksters pals control the company. Take the second of the list: RTX Corporation. This time Vanguard, State Street and Blackrock together with different banksters pals control the company. Do that with Northrop Grumman Corporation and you will find that the biggest shareholders are the same albeit in different order (State Street, Vanguard, Blackrock) with some more of their banksters pals.
Check that for all the largest companies of the MIC and the result will be the same: same controlling shareholders in a web of interconnected participation.
Let´s look now at who owns the controllers of the MIC. The largest shareholders of Blackrock and State Street are, surprise, surprise, the same Vanguard, State Street and Blackrock in another intricate web of cross participation. Vanguard then is privately owned by its financial investors, therefore another web of banksters and financial companies always linked to the same Blackrock and State Street.
BlackRock, Vanguard and State Street manage a stunning $15 trillion in combined assets, which is equivalent to more than three-quarters the size of the US economy.
This money comes from a handful of Jewish banking dynasties. The likes of Rothschild, Sassoon, Sebag-Montefiori, Warburg, Lehman, Goldman, Salomon, Schiff, Joseph Hambro, J. Henry Schroder, Samuel Montagu, Emile and Isaac Péreire, Lazard Brothers, Speyer brothers, Seligman brothers, Stern brothers just to name a very few.
All the above banks pool together the moneys of a handful of the wealthiest European and American dynasties, such as the Rockefellers, Walton, Koch, Dupont, Bush, Agnelli, Quandt, etc.
Above all of them is the House of Rothschild, which can be worth up to a staggering US$ 1 trillion.
The Jewish founder, Mayer Amschel Rothschild, started the war business by hiring German Hessian mercenaries to fight against American Revolutionaries on behalf of the British government. They have been in the business of war ever since 1760 and have financed almost every side of every war since then.
Wars have been very profitable for banksters over hundreds of years. They could make money from both sides of a war. War is also highly profitable for corporations in which the banksters own interests. By one rough estimate, more is consumed in a day of war than a year of peace. All the expensive ammunition and weapon stockpiles need to be replenished. And all the destroyed infrastructure needs to be rebuilt.
"Despite a strong Jewish presence among the major bankers of Europe, and hence America, this issue is not fundamentally about Jewishness. It is about a human phenomenon that crosses all ethnic distinctions. It is about predatory business dealing, which always uses deception. It may hide behind a belief that some ethnic group is a master race or a chosen people, and hence entitled to dominate other people. A lot of profitable conflict can be generated among people with that kind of belief." The War Profiteer Story. 1
One of the war profiteers' major swindles has been the creation of mainstream media intense campaigns of fear in the public opinion to generate chaos and to make it almost impossible to have a rational discussion about the most important issues. Making democracy dysfunctional appears to be a central part of the strategy. The war profiteering banksters benefit equally from the chaos and the reactions generated by a campaign of fear whether it is the "war on terror", the 2008 financial crisis, the "war against the virus", the "war against climate change" or the "war on Hamas" or the latest "war on inflation". The important is to be eternally at war with something.
The War Profiteers - The Organized Crime, the Banksters and money laundering.
The alliance between the organized crime and the banksters has a long history. Already back in the early 1900s, when the Rothschild empire began preparing the ground for the State of Israel, it needed weapons for its Zionist terrorist operations in Palestine. It allied then with the National Crime Syndicate in America, which combined the Jewish and Italian crime organizations. Meyer Lansky headed the Jewish mob and ultimately the National Crime Syndicate, which became heavily involved in smuggling weapons to Palestine for the Zionist terrorist operations.
Lansky had a head for finance, and "was responsible for managing the finances of Lucky Luciano’s mafia empire." His role here paralleled that of the Rothschild bank managing the finances of the British East India Company's in the opium trade to China.
In addition to the crimes of war profiteering, gun and drug smuggling, contraband of different sorts and black markets, there are also a new range of particularly heinous crimes which are the consequence of the externalities generated by the business of war. The collapse of order and law in the target country creates a vacuum where criminal activities prosper. Civil populations are displaced in search of refuge from war zones and human trafficking emerges. Examples are the "peoples trade" which brings millions to the EU shores in a militarily organized manner. The smugglers are in direct contact with the ONGs, which pick up the migrants at prearranged spots at sea and deliver them to the EU shore. Migrants pay hefty prices for the journey to criminal organizations. The ONGs are paid by finance Oligarchs like George Soros´ Open Society Foundation or the Gate´s foundation. These organizations are just fronts masquerading as philanthropic organizations. They rather pursue dogmatic agendas (to fight nationalism, increase migration to dilute national identities, fight family values and religious identities and in general weaken our societies). They also corrupt the politicians who are complicit in flooding their countries with masses of uneducated people who cannot do anything else than unqualified lowly paid jobs or work for criminal organizations.
Then there are pure banking crimes. A major example is money laundering. Some of the world's biggest banks have been involved with money laundering, and all the criminals have escaped with fines, essentially as a cost of doing business.
For those interested in that topic those two articles are worth reading "Wall Street Banks, Money Laundering and the Drug Trade" and "Money Laundering and The Drug Trade: The Role of the Banks".
While bitcoin is conveniently blamed for being a money laundering tool, the largest share of global money laundering by far is clearly done by the banks. It could not be any different, since the serious money of criminal activities is denominated in US$ and not in bitcoin. Bitcoin represents a very negligible fraction of the global money laundering business which is estimated around 3% to 5% of global GDP, therefore US$ 3 to 5 Trillion. Bitcoin laundering was estimated by Chainalysis 2022 Crypto Crime Report at approx US$ 14,2 Billion, that´s an insignificant 0,3% of the global money laundering business run by the banksters. With a share of 0,3% of the global criminal activity bitcoin should not even be in the radar of regulators. Despite that though, the regulators and politicians around the world are always too keen to use the money laundering false narrative against bitcoin. Therefore one makes 2 plus 2 and looks at who is funding them and what is their Agenda: firstly slow down Bitcoin adoption with any ridiculous excuse (because they prosper in the corrupted fiat system) and secondly let the banksters (who feed them) continue to prosper from the US$ 3-5 trillion money laundering business. Otherwise, how could they create black funds to foster their hidden agendas and war profiteering schemes?
After death and destruction, the reconstruction is the ultimate business
There is no better qualified spokesperson for the MIC than Rand Corporation. The Rand was created in 1921 as a JV by the US defense and aerospace company Douglas Aircraft Co and the US Air Force. Afterwards, since it did not look good that the MIC provided consulting services on the war business to the government through one of its subsidiaries, it was decided to transform Rand Corp in a non profit Think-Tank. One of the most important policy achievements of the Rand Think-Tank was the establishment of the nuclear deterrence doctrine by mutually assured destruction (MAD), arguably - in their eyes - a major contribution to the well being of the mankind.
So if the Rand says that "the rebuilding [of Ukraine] will resemble that of Western Europe after World War II, Eastern Europe after the Cold War and the Western Balkans after the violent breakup of Yugoslavia", you can rest assured that they will do their best to destroy Ukraine really well beforehand, because - it is "elementary my dear Watson" - there will be more reconstruction afterwards.
Of course they do not hide the fact that "The United States and its allies and partners—including Israel—have an intense interest in the success of reconstruction". Which translated for those not well versed in the MICs language means that "The United States and its allies and partners—including Israel—have an intense interest in the success of its destruction first so they can rebuild thereafter".
Clearly all the big boys are already salivating at the prospect of the US$ trillion bonanza. Chief among them is Larry Fink, the Jew heading the infamous BlackRock fund which was repeatedly mentioned above.
"President Zelensky sealed a deal late last year with Laurence D. Fink, the chief executive of BlackRock, to “coordinate investment efforts to rebuild the war-torn nation.” BlackRock, the world’s largest asset manager, will advise Kyiv on “how to structure the country’s reconstruction funds.” The work will be done on a pro bono basis, but promises to give BlackRock insights into investors’ interests."
Sorry but I cannot hold my laughing, Blackrock is working on a pro-bono basis?
They really think that we are a bunch of idiots. My compliments to the authors of the humorous NYT propaganda piece.
Now, looking at what happened in the last weeks in Gaza, it is possible that the Rand or some of their colleagues will come up with an ingenious plan to deport the leftover Palestinians who survive the ongoing genocide somewhere else and build over there their new Gaza city, clearly outside the borders of Israel. After that, rebuilding what remains of the leveled Gaza City into a brand new Jewish city will be also an excellent business opportunity. Yes, I am sure they entertain this idea. Even Elon Musk smells big business.
Time for change, if Fiat brings War can Bitcoin bring peace?
The common thread - from a sound money perspective - is that wars would not be possible without the ability to print value ex nihilo.
Looking superficially at the list of wars that were fought after we left the gold standard in 1915 - to finance both World Wars and then transitioning from the 1945 Bretton Woods system to an unconstrained fiat system in 1971 - one might be tempted to think that the number of conflicts have substantially increased.
In 108 years of fiat-fuckery we had 15 major wars, of which two were global world wars. The two most recent regional conflicts, Ukraine and Palestine, nowadays look increasingly global, at least in terms of support, monetary flows and weapon supplies.
The cost of human lives is mind-blowing, between 116 and 132 million people excluding the Ukraine-Russia and the Israel-Palestine open conflicts. However, the numbers could be much higher since the victims of the last 20 years of the "war on terror" seem highly underestimated.
But the perception that wars have increased in the last 108 years - compared to the past 750 years when gold was money - may be misleading. Historically, there have been many wars even at times when the developed world was running on the gold standard. For instance, from the mid 1200 up to the outbreak of WWI the world has always been using gold money. Firstly during the Renaissance with the Florentine Florin and then the Venetian Ducat. Then from the mid-17th century up until 1914 under the classical gold standard.
In this period - spanning almost 750 years - the world's economies and their wars were constrained by the gold supply and its inflation rate of approx 2% per year. Despite the fact that, contrary to the thinking of the apologists of fiat money and of unrestrained credit, mankind made in this period arguably the biggest progresses (with inventions such as the printing press, the telescope, the steam engine, the combustion engines, the telegraph, the electricity, the photography, the radio communications, the telephone, the vaccines and all the modern transportation vehicles), there have been still far too many wars.
Indeed, in this period Europe was plagued by many internal conflicts such as the Thirty Years War, the Italian Wars for the supremacy in the Mediterranean and the Napoleonic Wars, all of them costing millions of lives.
Not only gold did not substantially reduce intranational conflicts but it was one of the main reasons for the bloody colonization campaigns. Sadly, by far the biggest massacres in human history have been made by imperial European powers in their colonization campaigns in search for precious natural resources in the new world. The European conquest of the Americas in 1500 has caused directly or indirectly (due to imported diseases) the death of over 30 million Native Americans.
This is clearly the downside of money based on a natural resource which is both naturally scarce and limited to certain geographical areas. The geopolitical incentive there is clearly to appropriate such resources with violence in a never ending quest for money and power.
In 1904, Halford Mackinder in his "Heartland Theory" has applied this simple concept to the area of Eurasia. His work gives us also a much clearer geopolitical reading of the true reasons behind the current Russia-Ukraine conflict, the sabotaging of the North-Stream pipeline and generally the western aggressive posturing towards China, Russia and the growing Eurasian BRICS axis.
The same is true today for the Israel-Palestine conflict. As usual “managed war triggers”, false-flags and false narratives are hiding the truth to the masses. Money and the geopolitics of vital natural resources are the only key to understand this conflict. Massive gas reserves have been uncovered in front of Gaza and a project worth US$ 53 billion is in the making to build a new channel linking the Indian Ocean to the Mediterranean via the Gulf of Aqaba - thereby bypassing the Suez Canal - with the closest Mediterranean exit right where Gaza is today. Israel has a vital geopolitical interest in both. The Gaza exit will save US$ billions to the Israeli project developers/financiers, rather than having to exit more north on the Israeli territory around Ashkelon. This - in the mind of the unscrupulous Jewish Machiavellian leaders - is more than enough to implement the “final solution” for Gaza and the current genocide of Palestinians. Nowadays, the not so secret objective is clearly to deport the leftover Gaza population somewhere else and appropriate the Gaza strip.
Unfortunately nothing new under the sun, the same old colonialist approach.
But what if money could be based, rather than on a scarce natural resource, on a mathematically scarce digital asset, that no one controls and that gives no one on the planet an "exorbitant privilege"? A geopolitically neutral digital commodity?
Now, that could change the world.
This asset is Bitcoin.
It is important to point out the differences between the former gold standard and a future Bitcoin standard to understand how this could be a massive improvement for mankind because of Bitcoin's technological advancements:
Unlike gold or oil or gas, bitcoin is not a commodity. It is geopolitically neutral. One does not need to colonize, dominate, oppress or appropriate someone else´s natural resources with violence to mine bitcoin. Nations simply need to invest in computational power and cheap energy. The cheapest energy available is the abundant renewable energy from stranded sources. The energy sources that no one can tap into because they are located too far from electrical grids and therefore too expensive to exploit. But not for bitcoin mining. Think of the abundance of solar energy in the desert or remote waterfalls, or remote areas rich of thermal sources or volcanoes. No need to build pipelines, no need to lay down hundreds of kilometers of cables. A stand-alone container full of ASICs does the job 24/7, 365 days/year.
Military power also does not help. Small visionary countries like El Salvador could be the superpowers of the future in a Bitcoin standard. Sure, one might object that since energy is generated from natural resources, the access to such sources can shape the geopolitics of Bitcoin. Even if this might happen to a certain limited extent, the key point is that plentiful cheap renewable stranded energy sources exist. Everywhere. Every nation on earth has access to such resources. Some more, some less, some have more sun, some have more waterfalls, some have more thermal sources. But the key point is that everyone on earth has some of it. Differently from natural commodities such as precious metals, oil or gas which are rather concentrated and vulnerable to geopolitics. The same consideration applies to the race to develop faster ASICs hardware. Perhaps the only criticality remains the widespread need for chips, but this is already an open issue for all hardware today, phones, laptops etc. and not solely for the bitcoin mining hardware.
Paradoxically, gold's most valuable property - its physical form - became its biggest shortfall at a time of increasing speed in international commerce. Gold could not keep up with the speed of commerce. This created the opportunity for the banksters to exploit this shortfall by acting as "trusted intermediaries". At the time it all made sense, it was an important advancement. They held physical gold in the vault and issued IOUs which could travel with ease at the speed of goods. Banknotes were born. From that to a fiat only system the step was relatively short.
But in October 2008 the technology made a new giant step forward and gave us a new tool for new money. Bitcoin was born.
Bitcoin has no such shortfalls. It travels at the speed of communications, at the speed of bits not of goods. It is peer to peer exchange of a bearer asset with immediate finality, just like cash or a bar of gold which you hold in your own hands, except that it is digital. It does not have what was gold's major shortfall, its physical form and slowness. No intermediaries, no counterparty risk. Your keys, your bitcoins.
Gold could be sized. It has been on multiple occasions. Roosevelt's infamous Executive Order 6102 is one such examples.
Bitcoin is a censorship resistant digital bearer asset. Unless someone gets your private keys (or force you to give it up with a gun to your head) it cannot be sized, stolen or appropriated by anyone, not even the government, not the NSA nor the CIA. This is very important, and not only for the citizens - which are thereby protected from the rapacious claws of authoritarian governments - but also for Nation-States because it protects them from the aggression of larger and more militarized nations. If you can launch "shock and awe" military operations and carpet bomb into oblivion countries such as Iraq and Libya only to appropriate and exploit their natural resources, your military might will be of no use to appropriate bitcoins.
From point 3 derives the importance of bitcoin's self custody. This is critical. Because it is a natural restraint on monetary expansion. And it achieves that much more effectively than gold did in the past because of its technological advancements. Open source technology and widespread global access to bitcoin and its relative ease of use, make it a much more pervasive instrument of monetary self-defense than gold is.
As soon as the government abuses the printing presses, the flight from fiat to bitcoin is almost effortless compared to having to buy a gold bar and store it safely. The same goes with governments trying to introduce capital controls. One thing is trying to go through customs with a stack of cash, Rolexes or gold bars, another is doing that with a seed-phrase in your brain. The depreciation of fiat vs bitcoin is almost immediately apparent. The loss of purchasing power of fiat vs bitcoin is quickly noticeable and therefore acts as a stronger restraint for the governments than gold did in the past. As an historical parameter consider that by the end of WWI, Germany and Austria had seen 48.9% and 68.9% currency depreciation in comparison to the Swiss franc — which was still on a gold standard. And compared to that bitcoin would react on steroids.
This also explains why governments globally are trying to close the on-off ramps from fiat to bitcoin using regulations to their advantage. This is where the real fight with increasingly authoritarian governments will be. Deceptive regulations masquerading as indispensable tools for combating crime and money laundering will be used to discourage Bitcoin adoption. And CBDCs the final nail in the coffin of the monetary freedom for the bitcoin illiterate masses.
From the above derives also a number of additional considerations worth keeping in mind.
(i) the bitcoin constrain on money supply will transform the current destructive "culture of war and the business of war" into a true "defense industry".
Even if bitcoin cannot change human nature and aggressive instincts, it can dramatically alter the incentives. It can deter conflict and encourage peace and collaboration. Nations will refrain from war unless they are forced to for their survival. If there is a choice between peace and war, and you have limited funds, you will be forced to pursue peace first because this will generate positive economic growth rather than wasting resources in a destructive endeavor. War should not be a business like selling mobile phones, rather an unwelcome and sad necessity to defend from an aggression. And that alone will be a major improvement for humanity. Clearly certain conflicts, which are triggered by geopolitical reasons to control some key natural resources - such as the current Ukraine-Russia and Israel-Palestine conflicts referred above - will still happen. However they will be likely more constrained both in their duration and the risk of wider escalation.
Take the latest as an example. If Israel´s war of annexation of Gaza could not be funded by US$ unlimited fiat fuckery, the Israelis should have carefully considered the cost of such war (and for how long they would be able to finance it), versus having a mutually convenient agreement with the Palestinians. Maybe, granting them a share of both the gas deal and the Aqaba Canal future revenues - in exchange with the agreement to peacefully clear the areas needed for construction and voluntarily resettle somewhere else - would have been an economically convenient option compared to an all out war with all the risks of it.
The Israeli Central Bank has recently estimated the cost of 2 years of war at US$ 53 billion. This is 10% of Israel´s GDP being literally burned to kill people and destroy infrastructures. This is also equivalent to the estimated cost of building the Ben Gurion Canal at US$ 55 billion. Intuitively, a fraction of US$ 53 billion could have been better invested to reach an agreement with the Palestinians over the revenues from the Leviathan gas reserves and the Ben Gurion Canal project, if only Israel had to pay for that war with its bullion reserves or bitcoin, rather than with US$ fiat-fuckery printed ex nihilo by its American friends. But when money is free to print and the ignorant masses foot the bill (via inflation or additional debt), whilst the profits flow yet again into the pockets of the MIC and the usual war profiteers, then the incentive for the Machiavellian elites is clearly to wage war not peace.
As one can see, hard money would create radically different incentives compared to when one can finance an all out war with fiat-fuckery.
(ii) Bitcoin mining will become a strategically important industry for economic development, if not the most important industry. To some extent this will unleash a number of geopolitical considerations both regarding the availability of energy sources and of technological development which I have made above in para 1.
(iii) Bitcoin, if adopted as the primary global neutral reserve asset, will constrain (but not eliminate) most forms of national debt finance/credit.
This will likely be a much more constrained form of debt finance than we currently see, though it is hard to estimate this precisely. Most likely, it would not be sufficient to enable nations to debt-finance large-scale conventional wars involving mass mobilization, let alone decades-long wars or imperial adventures.
The precise outlines of the future state of geopolitical competition in a Bitcoin standard are hard to foresee. Exactly how the incentives of Bitcoin mining and national reserve adoption may affect the calculus of Nation-State violence is unknowable. Still, the above discussed points are very good reasons to believe that Bitcoin may reduce the incentive for large-scale, conventional war and imperial-style occupations.
Conclusion
In the last 20 years the "wars on terror" have yielded immense wealth to the usual suspects. For the Military-Industrial Complex (MIC) the incentive is clear: wars serve to unload stocks of weapons and replenish them. All of the US governments of the last 20 years ruled by divide et impera: they sowed disorder and chaos whenever the "vassal" or the “rebel” refused to comply. This was possible solely because the US had the "exorbitant privilege" of printing unlimited amounts of fiat dollars to finance wars and to corrupt the elites of the vassals to satisfy its demands. The pro-tempore vassal-puppet government gains, the elites of the vassal gain, the imperial MIC gains, all the others lose. And the puppet masters and the cantillionnaires - who had massive vested interest in the MIC and who used the opportunity of 9/11 to launch the profitable 20 years "war on terror" which we paid for - happily laugh at us.
Who pays for yesterday's and today's wars? Citizens do, even if most are unaware of that. We pay with monetary inflation and the loss of purchasing power of the fiat-fuckery. A constraint must be put to the governments´abuse of fiat.
What gold could not achieve, today Bitcoin can. Bitcoin is digital gold on steroids. Bitcoin is the future plumbing of a new monetary system.
Bitcoin can alter the incentives of the governments. The role of the MIC will be constrained to that of a real "defense" industry, reduced from the current metastatic cancer it has become. The MIC shall provide the government products and services within a limited budget allocated for the defense of the Nation-State from external threats. The imperial war machine, which profits from bringing destruction and chaos around the world with endless wars will be neutralized.
Suddenly, by simply replacing the fiat fake-corrupted money with an honest global bearer asset running on a revolutionary protocol which is censorship resistant, decentralized, controlled by no one and not giving any particular advantage to anyone, the world can aim at peace rather than war for the first time in human history.
It is high time that people wake up to the importance of having honest money in our society and understand what money really is and which incentives it creates. People have to understand that the current fiat based monetary system is rigged and benefits only the elites and their vassals at the expenses of all the rest of us.
This is the mother of all evils. For this very reason the elites try to dictate to us what money should be and should not. They want a system that they can control, a monetary system dictated from above and governed from the center.
Like gold was freely chosen as money because it was the best money available at the time, we can now choose a free, open-source, totally decentralized technology as our best form of money. Bitcoin adoption is bottom-up, not bottom-down. Invest some time to learn about it and start using it. If we do that, we can rewrite the incentives to make the world a better place worth living for all humanity.
Bitcoin is peace and hope for the future of humanity. Be part of that peaceful revolution and start learning about it.
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For a detailed research paper (2000 pages) regarding the Jewish influence in all sectors of the economy “When Victims Rule” is still available on the Internet Archive here