Will Bitcoin win and foster a new renaissance? Part I
How Bitcoin´s paradigm shift clashes with gigantic vested interests. Will this affect its adoption? It can either propel Bitcoin into hyperdrive or kick it into oblivion.
"Bitcoin is apolitical" is a fairy tale
Bitcoin is complex and everyone sees different degrees of its complexity through its own lenses, its own biases, its own education. For Adam Back for instance, Bitcoin is apolitical mainly because of its decentralized nature and its censorship resistance. He is a technologist after all and sees mainly Bitcoin and not bitcoin (note the capital "B").
For the former Greek Finance Minister Varoufakis, Bitcoin being apolitical is a fantasy. He is obviously biased by his political "lenses" and his financial education. Likely, he sees only bitcoin with "b".
For Ted Cruz - a US politician - Bitcoin is clearly a political issue, and he wants to use it as a political tool to capture voters. He probably sees both Bitcoin and bitcoin but understands that he has to leverage the "b" side of it for his personal gain as politician.
Three people have three different views of B-bitcoin. While all those views have merit, in practice is the little "b" which counts here. The reason being that money is very much a political issue. If bitcoin is to become money - in the sense of a global currency which can in any way pose a challenge to the centralized fiat based system - then it will become a giant political issue. Why?
Simply because the fiat money system is a centralized mechanism to accrue power and exert political influence. It is a tool for dominance.
Fiat Money: a rigged system in which we are the suckers
To understand that, you have to understand how the fiat system is used as a rent extraction tool and a mechanism to more or less covertly exert political influence and gain undue financial benefits at the expenses of the whole society. Keeping it short and simple, that's how it works:
1. The Cantillon effect of monetary inflation benefits those closer to the spigots of money, who can increase their wealth and political influence (power) at the expenses of the population.
2. Monetary inflation reduces the purchasing power of debased money. Not instantly, but with a lag. This benefits those who can get cheap credit to acquire assets before inflated money starts circulating and then affects disproportionately the rest of the population (savers), who will have their purchasing power destroyed (it is therefore a stealth tax, an expropriation on savings).
3. Those who increase their wealth at the expenses of the society then "launder" their profits via lobbies, special interest groups, foundations and ONGs (Soros, Gates etc) to buy political influence and media support to foster policies which push up their key invested sectors and benefit their businesses. Before yesterday, it was the financial crisis which brought hundreds of billions into the banksters pockets. Yesterday, was the Covid pandemic which brought hundreds of billions into their pharma investments. Today, it is the arms sales to Ukraine and the "climate crisis" which brings hundreds of billions into their defense industry, ESG and EVs investments. Tomorrow, will be just another "good crisis" which they will not let go to waste and a newly fabricated narrative to sell thanks to their submissive media.
1, 2 and 3 are circular micro-processes which repeat over and over again within what Ray Dalio calls the macro "debt cycles" of the economy.
In his latest book - "The changing world order" - he describes how the debt cycles happen and what are the possible consequences of being now at an historical convergence of the global peak debt cycle with the transition from a falling US$ based uni-polar/imperial system to a raising multi-polar one (US-EU-BRICS). Whilst reading his book, one notices how - although Dalio´s views are very much in tune with Austrian Economics - he fails to make the transition/connection to Bitcoin and he does not even mention Bitcoin as part of the solution. Most certainly not because Dalio lacks enough understanding of Bitcoin, but more likely because he is aware of the risks which Bitcoin will face in challenging the powerful interest vested in the current system, as I will explain below in this article. He said that in an interview already back in 2021
“Every country treasures its monopoly on controlling the supply and demand. They don’t want other monies to be operating or competing, because things can get out of control.”
After all Dalio is a privileged member of that system and he cannot be blunt as I can be and openly tell everyone what are the enormous benefits which he also shares while being part of the fiat system, but the crux is that B-bitcoin will soon become a ferocious political issue. If "Power corrupts, and absolute power corrupts absolutely", then the fiat system is the tool that the elites use to corrupt everything and consolidate their power. They won't let it go.
The guardians of the Fiat system: the Jewish banking cartel
Those who guard and control the fiat system are the 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.
They deploy their immense wealth via their investment vehicles - Blackrock, Vanguard and State Street - which in turn own most of the worlds´ listed companies, in a web of intricate equity participations which ensure the control of key business sectors (media, pharma, arms - pardon - defense, tech, communications, food, energy, everything).
Via their investment banks they also own most of the western Central Banks and therefore control the levers to pursue "independent" monetary policies. The politicians then spin the narrative that Central Banks are independent and pursue policies of "price stability" to reach whatever % of annual inflation is “good for the economy”. As if it is in your interest to reduce by x% the purchasing power of your hard-earned money.
And since today most of the money is created in the form of credit - i.e. debt issued with a click by commercial banks - they also control the levers of all the money flowing into the commercial sector and households in the form of credit/loans. Basically, they have the absolute monopoly on money creation and the total control of its distribution.
The Oligarchs
Then there are the vassals, today´s oligarchs. Those who either deploy and invest the cartel´s moneys or have benefited from their capital investments (VCs) to grow their businesses into global dystopian tools for mass-control. People like Soros or Gates. The Jewish tech oligarchs like Zuckerberg and Google's founders. Those in charge of spinning the narratives, of indoctrinating the masses, like Jewish media oligarch Bloomberg.
The Politicians for sale
Last but not least, the most important part of the fiat mafia-like system: make sure to exert the maximum political influence. Two people have distinguished themselves in this role: once again George Soros and Klaus Schwab.
Soros´ Open Society Foundation has been literally buying consensus via donating/sponsoring/feeding hundreds of politicians in the EU Parliament and has listed them as "reliable allies" for its agenda. Easy, no smoke-screens, all done out in the open.
More complex is the role of the Rothschild linked globalist, Klaus Schwab and his Swiss based creation, the World Economic Forum. Cleverly disguised as a high profile venue for global leaders - in which to discuss the world's affairs, problems and fix them (in the best way suits them of course) - he has since 1992-1993 dutifully pursued a visionary program to shape the minds and dictate the policies of "our" past, present and future leaders. This is the "Young Global Leaders Program"1
Granted, the man is a genius, a master networker who made his vision into reality in under 30 years, having successfully trained and placed into a leading position of absolute power a large part of the past and current world leaders. Chapeau Herr Schwab. While you may start shivering going through this list - and find the names of politicians, CEOs, media moguls, journalists and scientists familiar to you - many information, facts, which you stored in your brain and did not yet process, will suddenly start to make sense. Little pieces of the global puzzle will start falling into place.
It may be one of those "aha" moments which us bitcoiners experienced at some point going into our "rabbit-hole".
You will question if it is just a coincidence that most of the people now in power and who shape global policies are fellows of Schwab's globalist indoctrination school? That most of them are also coincidentally linked - one way or another - to the Jewish banking cartel which everything owns, corrupts and controls?
Is that a coincidence that all mainstream media are owned and controlled by the same entities and spin the same narratives?
How could young and inexperienced politicians like Macron, Trudeau and Baerbock have suddenly reached leading positions in their respective countries and have coincidentally implemented the same policies which have fostered globalist interest at the expenses and detriment of their fellow nationals? How is it possible that a dull and inexperienced bureaucrat, like Germany's green radical Baerbock, becomes the foreign minister of the leading EU powerhouse at a moment in which the risk of a hot war between Russia and Europe/Nato increases by the day? There is no reasonable answer, unless the answer is that a dull puppet is needed to advance the war agenda and ask no questions. Of course, she's doing her job splendidly. Again, chapeau Herr Schwab for your pick.
Now, put all the above in focus and ask yourselves: if you were in their position would you passively stare at a growing parallel financial system, completely decentralized, which you cannot control, upon which you cannot exert your otherwise massive power and influence, which native base asset (bitcoin) is being slowly but gradually monetized and sit on your hands? I bet you would not.
Fiat money: a global system of rent extraction, debt bondage and bonded labor.
The fiat based system exploits everyone but them, the guardians, their vassals and political lackeys. The western populations also suffer, though to a lesser extent, while the developing countries suffer much more, in a way not much different from the old colonialism. Colonialism and the economic mercantilist doctrine went hand in hand. With the use of military force, countries and populations have been subjugated for centuries to extract resources, which were processed into manufactured goods and sold back to the colonies to extract yet more rent. Slavery and indentured servitude were the by-product of colonial-mercantilist empires.
The same substantially happens today. Outright use of military force is not so much needed nowadays, and when needed it is cleverly marketed as “coalitions to bring democracy” like in Afghanistan, Iraq, Syria, Lybia, Yemen.
The preferred “weapon of mass domination” today is the fiat money.
Poor, corrupted - but resource rich - countries are the usual victims. The culprits are the very same banking dynasties disguised as international organizations created to "foster prosperity and development" in developing countries.
What they really foster is yet again a new form of slavery and indentured servitude: debt bondage and bonded labor. The IMF and the World Bank use the same well tested playbook which has been practiced for many decades. They corrupt local leaders to increase the country's indebtedness by taking extortionate loans in a foreign currency they cannot print and implement policies which benefit western businesses. The "development" loans enter the country, some of it is skimmed for local bribes and the rest exits the country to pay for the goods/services sold by western suppliers. This leaves the country loaded up with debt and bye-bye development. Then Draconian policies are forced down the innocent populations. The corrupted leaders usually take up refuge in some western friendly country, which has cashed in their favors and they spend their bribes in opulent western lifestyle (African dictators in France anyone?). Meanwhile at home social spending and pensions are cut, together with critical infrastructure and sanitary spending. Resources are sold at below cost and businesses worth something are privatized/sold to the very same western "developers".
https://twitter.com/TFL1728/status/1699041546828493184
John Perkin´s 2004 blockbuster book "Confessions of an economic hit man" is worth reading.
Proof is that in the last 40 years the number of countries which made the transition from developing to developed are just a handful of Asian economies, such as South Korea, Singapore, Hong Kong, Taiwan, China and more recently, Qatar and the United Arab Emirates. An amazingly low number, considering the efforts that the IMF, the World Bank and other International Agencies are purporting to do.
Why then? Because developing countries have weak currencies which are inflated away. The populations cannot save and therefore cannot built up capital. Inflation kills capital formation cause money has to flow into illiquid hard assets for protection, rather than being saved for productive investments. Capital formation is a luxury only countries with strong currencies and low inflation have.
And do not think that this only happens in developing countries or in the Central African region still dominated by colonialist France via its Franc CFA (African Financial Community)
The same playbook with some variations is currently being played in Ukraine and it has been played since 2000 within the EU by the northern countries against the more politically corrupted southern European countries (Italian and Greek people the biggest victims of their own politicians and the Euro, while the governments of Germany, France, and Holland have been the biggest beneficiaries). And it was played again - thanks to the Covid pseudo-pandemic - with the loans granted by the ESM to the EU countries suffering the suicidal lock-down policies (implemented exactly to achieve this objective: to force the need for a massive debt injection).
Now understand that: European countries have given up their monetary sovereignty to the ECB and cannot print Euros. Therefore they have to get loans from the banking cartel via the ESM. Substantially, the same rent extracting mechanism used by the IMF and the World Bank described above.
Is Bitcoin then a viable alternative to the Fiat based system?
Yes it is and it is worth trying. Many good authors have analyzed how a Bitcoin based financial system would work. Dr Saifedean Ammous "The Bitcoin standard" and “The Fiat standard”, Jeff Booth "The price of tomorrow", Nik Bhatia "Layered Money" and Lyn Alden "Broken Money" just to name a few. Personally, I think that the book which analyses more in depth the economical aspects of a healthy capitalist system based on Bitcoin, thoroughly criticizes the current predatory and degenerate fiat system and its mainstream economical theories, as well as looking at the political aspects of a prosperous capitalist society founded on hard-salable money, is "Bitcoin is Venice" from the authors Allen Farrington and Sacha Meyers . You can also download the book free online from here.
The issue though - that few digs into - is that of Bitcoin adoption. If we assume that Bitcoin can technically scale (it has already through its secondary layer Lightning), then we have to ask where its adoption will come from? How it will be monetized? Slowly then suddenly? Is Bitcoin inevitable? Is Bitcoin for everyone? All memes we've heard many times. But the road to Bitcoin mass adoption is paved with obstacles, and some look very hard to overcome.
We are “prisoners” in a closely guarded financial system. Switching to a fully decentralized parallel one is not easy and unfortunately it is also NOT for everyone. In Part II of this article I will look at the obstacles which pave the road to Bitcoin adoption and its real-time monetization and I will identify the key steps needed.
Is it going to be “slowly, gradually and then suddenly”? Or is there a risk of kicking Bitcoin into oblivion? Read about that in Part II.
Among them, you will find those who dictated national policies in global coordination in the last few years: Macron (France), Merkel (Germany), Kurz (Austria), Guy Verhofstadt (Belgium and EU), Jean-Claude Juncker (EU and Luxembourg), José Manuel Durao Barroso (Goldman Sachs, Portugal, EU) , Nicolas Sarkozy (France), Annalena Baerbock, currently the radical Green Foreign Minister of Germany who is promoting total war against Russia, Jens Spahn the Health Minister of Germany, who was conveniently placed to fulfill Covid lockdowns and vaccine mandates, Matteo Renzi (Italy). The list goes on. On the other side of the ocean Lawrence Summers (US Treasury), Nikki Haley (US Presidential Candidate 2024), Jacinda Ardern (New Zealand PM who inflicted the country one of the harshest lockdowns and Covid Vaccine mandates), Justin Trudeau Canadian PM, chief globalist, Russia hater and Canadian Covid dictator, Chrystia Freeland Canadian minister who invoked the crack-down on the truckers protest against Covid mandates, etc.
NO