Can Bitcoin Circumvent Economic Tyranny?

can-bitcoin-circumvent-economic-tyranny?

Today, I’m pleased to bring you two guests — finance guru Catherine Austin Fitts, whom I’ve interviewed before, and Aleks Svetski, editor of The Bitcoin Times magazine and host of “The Wake Up Podcast.” During dinner at an event in Miami, Florida, Svetski helped me understand why Bitcoin not only stands out head and neck above all the other cryptocurrencies, but is in direct opposition to them all.

I’ve strongly believed Bitcoin will be an important tool to get out from under the financial tyranny we’re in, where central banks are essentially robbing everyone blind.

Fitts, president of the Solari Report, disagrees. She knows the financial system inside and out, having spent decades exposing corruption and fraud, both within the banking industry and government, and she believes there are far better ways than investing our hard-earned money in cryptocurrencies, as the globalists have already inserted a number of control mechanisms within the cryptocurrency system.

Regardless of which side of the fence you’re on, you’re bound to learn something from this conversation. If you’ve dismissed Bitcoin as a passing fad, Svetski’s expertise may assuage your concerns. On the other hand, if you’ve been banking on Bitcoin being the answer to the impending financial crash, Fitts may inspire you to rethink how you protect your wealth.

Our Only Choice: Being Controlled or Being Free

If you want to understand what’s happening to our financial system, I encourage you to listen to this three-hour interview. I cannot cover all the details covered in this article, so to get the whole story, please set aside the time to listen to the whole interview, or read through the 95-page transcript.

In summary, Austin Fitts explains how the globalists — “Mr. Global” is her nickname for this secret system of governance — and the central bankers of the world in particular, have since 1998 siphoned out and stolen $21 trillion or more from the U.S. government in a financial coup d’état.1,2

Thanks to this theft by the central bankers, the American retirement (including health care benefits) and social welfare system are not adequately funded, leaving millions of aging Americans with diminished or no Social Security or Medicaid/Medicare benefits.

The primary reason for the theft, however, is to reengineer the U.S. government and political system as a whole. In short, the globalists’ plan is to take over the government by centrally controlling our economy, and then declare everyone who was promised health care and retirement as expendable.

According to Fitts, if we allow this financial coup to continue and consolidate, Bitcoin and the Bitcoin community may help pull that coup off. As explained by Fitts, slavery is the most profitable business in investment history. Digital technology now allows Mr. Global to return to a legalized form of slavery on a global scale. The theft that is underway is ultimately intended to control people.

“Mr. Global wants a culled, reengineered population,” she says. “He is going for the people because that is what has the most value, along with the other living things on the planet — including the planet itself. All value begins and ends with living intelligence and life whether it is expressed in financial and transaction tools or not.

Mr. Global has created scores of mechanisms to persuade people to sell out [other] people using fiat currency — pump and dump, pump and dump. Dealing with it is sufficiently frustrating and has us all trying to create workarounds.”

A Different Kind of ‘Reset’ Is Required

Fitts is convinced that the best, and perhaps only way out, of this situation is to deal with the secret governance system that is impacting and frustrating all of us and take action to ensure that we do not allow an all-digital financial system to go into place. If we believe Bitcoin is the optimal form of digital system, the problem is not Bitcoin: The problem is if it is part of an only-digital system.

Fitts also underscores that currencies cannot work without the underlying economy being in balance. That means we need to invest in the real assets we need to stay alive and free, things like local food production, local businesses or a personal water well.

She stresses that keeping cash is important — that we mustn’t enter into a wholly digital financial system, especially one monopolized by central bank digital currencies (CBDCs) and private crypto, which are in combination designed to strip us of both national and individual sovereignty.3

I believe a successful transition requires both preventing the control grid from coming into place, and clawing back the money that has been illegally taken. A ‘reset’ in which the takers get to keep their winnings is a different world than one in which the equivalent value is returned. ~ Catherine Austin Fitts

While Svetski agrees on some points, he still believes Bitcoin can be part of the answer,4 and that the focus should be on building a new financial system in such a way that it cannot be co-opted by anyone. The question, of course, is how.

As explained by Fitts, addressing taxation5 is perhaps the most important part of the puzzle. We also need to a) prevent vaccine passports and digital ID wallets and related blockchains from being implemented, as they are an integral part of the control system Mr. Global is trying to erect, and b) figure out how to get the money back that was stolen.

“There is $21 trillion missing from the U.S. government — we have no way of knowing what the real number is in terms of cash and credit. It could be smaller or bigger,” she says.

“I believe a successful transition requires both preventing the control grid from coming into place, and clawing back the money that has been illegally taken. A ‘reset’ in which the takers get to keep their winnings is a different world than one in which the equivalent value is returned.”

Can Bitcoin Safeguard Our Freedom?

Part of the globalists’ plan is to gain control of ALL resources, and they’ve made great strides toward that during the last two years. The question is, how do we get out of this situation and reclaim those resources?

As mentioned, while I’ve been convinced that Bitcoin, a decentralized digital currency, was a major part of that answer, Fitts has some very pertinent concerns that we need to digest and fully understand. We also need to understand what money actually is, and what an ideal currency would actually look like and how it would function. All of these issues are reviewed in this discussion.

“In 2017, I did a very long and serious due diligence into Bitcoin,” Fitts says, “and I had two baskets of concerns, one related to whether or not the Bitcoin exchanges in the industry were doing a responsible job of communicating with potential investors.

I’m an investment adviser and there’s a world of regulation about how you make sure that an investor has full and fair disclosure. It’s the equivalent of informed consent, in financial terms. You want to make sure the investor knows what it is, and what their risks are, and that they are prepared to manage both the risks and the investment, the custodian issues, before they buy.”

The cryptocurrency market is currently a nonregulated space, which can give rise to the absence of best practices in education and disclosure as well as fraud. Another concern is whether or not Bitcoin will increase our freedom or simply facilitate our enslavement by a secret system of governance by “Mr. Global.” Fitts continues:

“What I’ve said is that it is absolutely important that we have a financial system and a currency system that is not 100% digital. So, where I think the current leadership and central bankers are going with the ‘Going Direct Reset’ is they’re trying to get a 100% digital control grid and literally end currencies as we know it.

They want to move us to, on the smart grid, a transaction system where they have 100% control. I call it the covert social credit system. They’ve been building that control system for centuries. But since the advent of digital technology, they’ve been building it much more intensively, and much more invasively.

They have three primary lines of control. One is financial carrots and sticks. One is the telecommunications and media alignment, it’s surveillance, mind control, propaganda and education. And then the third line is covert operations, which can be regulatory enforcement, taxation or it can be, literally, covert physical intervention.

So, you have these three lines and they’re coordinated. But whether they say they’re controlling assets or they’re controlling currencies, they really control people. They control everything through people. And if you look at some of the regulatory proposals now for crypto, that’s how they’re going to do it. They’re going to do it by controlling the people in their businesses.

Anybody who wants freedom wants transparency in and around what’s really going on in our world, and they want to be not controlled. If we permit a 100% digital controlled transaction system of any kind, we will concede control. Literally, it’s the end of human liberty in the West.

For everyone who’s interested in building a better digital transaction system — and I would argue that the current digital transaction system could be made infinitely better than it is now — it’s inherent … to address how we are going to get this technology working for us, but not allow it to control us.

And again, I don’t think the control will be controlling the technology. I think the control will be of the people using the technology. It will come through the people, because that’s how the control grid has been built.

So, I don’t see how we permit an all-digital transaction system and continue to have freedom, as long as the primary hardware and energy in and around the system, as well as the people, are controlled by a secret central governance system.”

‘Holy Grails’ of Technological Invention to Ensure Freedom

Svetski replies:

“Yes, I agree with you, wholeheartedly. Did you ever read the ‘Cypherpunk‘s Manifesto’6written by Tim May in the ‘90s? The basic summation of that is, as the world becomes more technologically adept, technology trends toward concentration.

In that trend, we could end up with a world in which we have total panopticon surveillance and control of people’s money. So … we need to use encryption to maintain private communication. If you don’t have private communication, you can’t speak freely. Right? First Amendment.

That was sort of holy grail No. 1. Holy grail No. 2 was an independent monetary system. We need a money that is independent of a state, and unable to be censored, controlled, et cetera. Because if we end up with that, then who cares if we have free speech? You don’t have free action.

I mean, you see it in Australia. The government makes up a fake law so they can fine you for not wearing a fake mask. And then if you don’t pay your fake fine, they just take the fake money out of your fake bank account, without your consent. So, whoever issues and controls the money basically has the ultimate power. If I’m the issuer of the money, I can do whatever I want, basically.”

The Central Banking Warfare Model

A caveat to that, Fitts says, is the central banking warfare model. On the one hand, they can print money. On the other, they can also force people to use that money through military intervention. “That’s part of where the liquidity comes from, so you have to have both,” she says. In other words, they must be able to print with impunity and kill with impunity in order to maintain complete control of the system.

Svetski agrees, pointing out that these two control powers feed on and strengthen each other. He believes the monopoly on money is the easier of the two to defeat, though, “because what ends up happening is that when the monopoly on money can’t fund the monopoly on violence, things start to fall apart relatively quickly. So, if we had to pull a thread somewhere so that the shit-show unravels, that’s where we may have the strategic opportunity.”

Svetski also agrees that the Bitcoin exchanges are a disaster. “We all say that you should take your money off exchanges as soon as possible and hold your Bitcoin in your own custody, as soon as possible,” he says, “because then that moves supply out of these casinos, basically.”

“We’re totally aligned with this idea that the last thing we want is issued money from any authority who has the capacity to build up enough economic power such that they can deploy political power, or violent power, in order to maintain economic power and create this situation we have today, which is, ‘I can print all the money I want and you can’t do anything about it, because if you do, then I’m throwing you in jail.’”

Systematic Corruption Is a Core Problem

Fitts points out that the root problem isn’t necessarily the ability to create fiat currency. At its core, it’s the corruption of governance and the rule of law. And while we could create a well-functioning regulatory system for any currency, creating a government and judicial system free of corruption is far more difficult.

Because it’s believed to be too difficult, people focus on workarounds, such as using distributive ledger technology to prevent counterfeiting and fraud, or a money system based on commodities like gold and silver.

“Those are both workarounds to avoid the issue of how do we create a great governance system, and then a culture and a covenant that we’ll enforce?” she says.

“Traditionally, it’s never been a good idea to make a commodity the backbone of your currency, because then your currency can swing around and get hiccupped for a lot of reasons that have nothing to do with its role as a currency. So, there’s risk in that, but it’s a workaround.

One of the things I think is the most important unanswered question before us is that we live on a planet where the governance system is secret … How do we stay free in the face of a secret governance system, and can a digital currency make a difference?”

Svetski argued that Bitcoin is not merely another ‘technology’, but actually a model of voluntary consensus that anybody in the world can participate in, whose rules are entirely transparent.

He called it a form of “constitution in code” which, like math, cannot be changed or distorted like constitutions of the past that depend on the protection of man have been changed. Bitcoin’s integrity is rooted in the laws of math and thermodynamics, while all previous models of governance have their Achilles heel in the ‘word of man’.

Defining Money

Svetski defines money as the “language of value.” It’s a way to encode or assign and communicate value to the product of our labor. Fitts points out that one of the most critical ingredients that makes this communication of value work is having an integrity-based pricing mechanism.

“Civilization is basically a story of discovering better objects and better mechanisms for exchanging the product of our labor,” Svetski says. “Humanity is a story of finding better money, basically.

The thing that organically becomes money is the tool, the object that is fungible. As many of the units as possible should be the same. It is divisible. A cow, for example, is not a great form of money because if you only need a banana, what are you going to do, chop the cow’s head off? It’s not going to work.

It needs to be recognizable … it needs to be portable and it needs to have some element of scarcity. You can’t just create it out of thin air. It’s the property of scarcity and unforgeable costliness that gives us debasement protection.”

In many cultures, gold was a cherished currency for the simple fact that there’s a limited supply and it’s not easily forged. Gold is not very portable or divisible, however, so as societies became more complex, fiat currencies (that governments declare as legal tender) like printed coins and paper bills emerged. With good governance, the fiat currency was still scarce, and it was protected from debasement by being difficult to forge.

The problem arises when governance becomes corrupt and the issuers of the currency start printing more, thereby diluting the value of the currency (i.e. inflation). As noted by Svetski, “No matter how excellent whatever money we’re proposing to use, that is secondary to who controls it and who decides.”

You can have a perfect money system, but if the people who operate the system and those who use it are separate and independently controlled, it won’t solve anything because corruption by the controllers of the currency is a root problem. As noted by Fitts, a sound currency would serve an economy where the people and the real assets are in balance.

Two Sources of Currency Debasement

Debasement of the currency occurs when the real economy gets out of balance and you try and make up for it by debasing or diluting the currency. That’s what we’re seeing right now. Corruption isn’t the sole problem here. “Debasement can come from the governance system trying to cheat, but it can also come from a real problem in the real asset economy,” Fitts says. And those are two different problems.

One is based on trying to please constituents (or fraud), and the other is a structural issue that needs to be resolved. The manifestation and the deterioration of the integrity of the money ends up the same, though, so they’re frequently assumed to have the same root cause.

Fitts believes that our current problem is not so much a currency problem but a secret governance system that is harvesting the planet of extraordinary amounts of resources. By doing so, they’re creating a massive drain on the real economy.

Creating a crypto asset outside the system to protect ourselves from that drain can only work for so long, because it doesn’t solve the problem that there’s a drain on the whole economy. The question is, can we bring transparency to what is happening and prevent a secret governance system from draining the economy of resources?

Transparency Is Key

Svetski argues that currency issued by any form of entity, be it a monarch, a state or a hidden Mr. Global will simply bring any system back to where we are now. Fitts believes the solution lies in creating a decentralised market economy based on aligning living and financial capital and incentivising peace rather than war, and a requirement for that is transparency.

To get to transparency, we must first break down the system of mind control set in place by the secret controllers through the use of modern technology. She believes the entrainment technologies, subliminal programming and various mind control influences are an effort to protect themselves from transparency.

And just how do we break through the mind control that keeps us dumbed down and unaware of how the system works and how it’s being drained? Fitts believes it will require us to identify how the mind control works, and then set ourselves free, one by one. “Control happens one person at a time. Financial harvesting happens one person at a time. And freedom happens one person at a time,” she says. Svetski agrees, adding:

“I did a post the other day on Twitter. It said, ‘You’re very hard to control when you’re healthy. You’re very hard to manipulate when you’re clear. And you’re very hard to influence when you’re sovereign.’ So I think we definitely agree in that case.

I think it’s very difficult to control the minds of sovereign individuals because not only do they fundamentally have a disdain for what I call fiat authority, which is nonorganic authority, but they are interested in living as individuals, not as a component in some homogenous collective, which is basically how the world wants us to live at the moment, which is ridiculous.”

How to Foment Resilient Communities

But how do we inspire the others to follow suit and become sovereign individuals? First, we need a critical mass of sovereign individuals in a place. Fitts notes:

“The currency needs to be in balance with the real assets — food, energy and shelter. Let’s pretend for a second, to make this simple, we’re doing a community currency. How do we get the food, energy and shelter sufficiently independent and resilient in that place so that the currency can function?

You’d need a critical mass of people who are willing to do that so that they could outwit what satellites are going to do to stop them. So, I’ll just talk for myself because I can’t talk for everybody, but I think if you see where Mr. Global wants to take the system, you would do anything [to not go along].

We are better dead than going to where Mr. Global intends to go. So that means there’s nothing I will not do to stay out of Mr. Global’s trap. It’s clear you have to rebuild a healthy, responsible economy, and you can’t do it one person at a time.

Occasionally you’ll see a phenomenal person who can go do it themselves, but, generally, our civilization depends on cooperation and specialization — community.

Ten percent of people are what I call Net Energy Plus; 80% are going to follow whoever’s in charge, and then you’ve got 10% who are Net Energy Minus. The idea is that you keep the 10% Net Energy Minus in the corner, you get the 10% Net Energy Plus running things, and you get the 80% following them.

I think part of the key to a successful human society is that we have respect and love for all humans, but the Net Energy Minus has got to stay in the corner. When the 80% follow the 10% Net Energy Plus, the speed at which you can turn a company around [is tremendous]. It takes no time to turn it around, but you’ve got to get the 10% Minus in the corner. Put the 10% Plus in charge and it changes overnight.

The challenge that we have, and the problem I ran into when I was trying to do community development, is Mr. Global is great at finding the Net Energy Minus guys and having them do crazy things. So, the question is: How do we protect ourselves from that sabotage?

The Net Energy Minuses can be handled. The problem is handling them with Mr. Global’s minions, who are very capable and very professional at recruiting them, managing them, financing them.

I grew up in a very poor neighborhood, and it didn’t take long for Net Energy Plus people to find each other. Those leaders would just magically find each other, and they could control the neighborhood because if anybody misbehaved, they could cut off their money.

And then the government came in and made sure, whether by dealing the drugs or bringing in HUD subsidy, that they could subsidize the slugs. And then suddenly the Net Energy Plus people couldn’t do slug management because they couldn’t stop the drug dealing and HUD subsidies.

Predator evasion for not just ourselves but the whole community, whether it’s a network or a place, is where I’ve never seen us excel, and that’s where..

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