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WCP: "Blockchain, Cryptocurrency and Bitcoin Makes Money Simple Again"

  • Broadcast in Education
Faheem Shuaibe

Faheem Shuaibe

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A Two-tiered system is coming: one centralized digital (central bank) currency and the other decentralized and outside of the control of the elite system.

Central Banks (Digital Fiat) v. Government (Power of Bailout; Debt Free Money) v. Retail Banks (Deposits) v. Bitcoin

Central Banks (The Fed) have changed their mandate from being the “back up system to the banks” as the “lender of last resort” (Bailout) but the guarantee system for banks going bust rather than lend the money to the bank just let it go bust and conscript them into the digital fiat system with an offer of a bonus to “sign on”. Then as in a bankruptcy scenario the Central Bank will soak up all of their assets then auction them off to the highest bidder, etc. (Cantillon Effect)

Central banks have been given the ability to create money and purchase Government Debt.

The Government Bonds being issued is the abdication of its constitutional right to create its own money but instead it’s borrowing from the Fed and promising the Fed to repay the loan plus interest.  How? Your taxes through the agency of the IRS.

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