Thursday, August 5, 2021

EMP, DIGITAL “CURRENCY”, AND CASH

by Joseph P. Farrell, Giza Death Star:

Before I get to today’s blog, I want to thank everyone for putting up with my little absence over the July 4th holiday.  Also, I wanted to let everyone know once again that the short format vidchat for this coming Friday is already posted in the members’ area, so please post questions and comments in the comments section there, one post per member, and please try to remember to keep them relatively short.

For quite some time I’ve been trying to warn people about the dangers of the move to digital currency, or the attempt to roll any particular crypto-currency over into a digital currency. A couple of years ago, however, the director of the Bank of England, Mark Carney, made statements to the effect that a digital currency could replace the US dollar as a reserve currency.

Here Comes Bitcoin’s Big Test: The Empire Strikes Back (Repost)

by John Rubino, Dollar Collapse:

One of the flaws in the revolutionary mindset is a tendency towards overconfidence. Combine absolute belief in a new idea with a couple of early wins and you get an absurd level of cockiness. This leads the would-be revolutionary to underestimate the challenges involved in getting from there to ultimate victory.

Why? Because those early successes happened when hardly anyone was paying attention. Once the threat is recognized, the Empire usually strikes back with intent, and the revolution turns out to be a lot harder, and a lot less certain, than it seemed.

Is John Rubino Buying Dogecoin?

by Kerry Lutz, Financial Survival Network:

John Rubino is back… The Great Dogecoin Scam, but Ethereum is the real deal. It’s the sign of a bubble when random assets blast off, which otherwise have no value. It’s just like Gamestop and NFT’s. It’s not much different from Bitcoin. Inflation in Iron Ore and Copper. Copper reaches record highs. Iron Ore on its way. Vanity Fair vax article masks forever. It’s just the right thing to do. The pro-lockdown side is starting to fracture. A significant segment doesn’t want to give up their lockdown lifestyle. Vaxx is going well, Covid rates are dropping almost everywhere but India… “To The Moon”, Literally: SpaceX Says It’ll Accept Dogecoin As Payment For Lunar Mission. Major Gasoline Pipeline Hack but don’t worry it’s coming back up slowly. People don’t yet fully grasp cyber terrorism risk. It’s actually driving up gasoline prices. What about hacking the banking system, or the power grid. We can’t really quantify the risk. It happens before anyone sees it coming. The stock market is super risky too. GOP Governors cutting off supplemental unemployment insurance to help with the emerging labor shortage. Chipolte embraces the fight for $15. CDC’s power to issue an eviction moratorium was struck down. Brooklyn Borough President and mayoral candidate Eric Adams, a former NYPD captain, imagine a dem running on a law and order platform, what’s the world coming to?

THE FIRST CRYPTO-BANKER DEATH?

by Joseph P. Farrell, Giza Death Star:

I hate stories like this, because of the loss to the families involved. The process of posing questions or speculating on such events can seem callous or insensitive, and I have no wish to seem any of those things. I merely wish to ask the question “why”? Why would a young, intelligent and gifted man apparently end his life, especially when he had everything to live for? Here’s the story spotted and shared by V.T.:

Man found in Hudson River identified as cryptocurrency mathematician

And here’s the central core of the story:

What if… $800B in Lost Bitcoin Went to Physical Gold and Silver Instead?

by Steve Brown, The Duran:

Whatever motive the mysterious Satoshi Nakamoto had for introducing his white paper after the financial collapse of 2008-2009 has long since been either subverted or achieved, depending on one’s point of view. Today bitcoin is a speculation hijacked by Wall Street, and the Fed won’t let it die. Bitcoin is just too useful to the Fed and its Primary Dealers for sterilizing capital; laundering dollars; and to exterminate inflationary dollars. Bitcoin serves another purpose too, as a gauge for Wall Street’s minions to determine the appetite for risk among what they perceive to be the Great Unwashed.

Keiser Report | The ‘I’ Word | E1721

from RT:

TRUTH LIVES on at https://sgtreport.tv/

In this episode of Summer Solutions 2021 of the Keiser Report, Max and Stacy chat to John Rubino of DollarCollapse.com about the ‘I’ word now being used by even the central banks who have long denied inflation would ever result from the excessive money printing which is constantly offered as a solution to the previous bout of printing and interest rate cuts. Rubino offers his outlook and options for a post-dollar world and what he forecasts for inflation on the horizon and how that plays out amongst the population.