Why banks, multinationals and governments do dislike Cryptocurrencies so much
Aint their 'money' already digital?
Yes, for a large part the Banking Monetary Governance system [BMG system], or for short 'the system', its 'money' already is digital. And only a small percentage of the money 'it' creates is real cold hard cash, that is to be considered 'legal tender'. In a way one might state therefore that the digital part of the total amount of system money is 'illegal tender'. But any government in the world permits the usage of this make belief money. And actually all that digital 'non legal tender' is being created out off nothing. The technical term is 'Fractional Reserve Banking' [FRB]. But one needs to take into consideration that the actual 'fraction' would probably need more then 18 decimals. Or even maybe 2 to the power of 255? Because the same trick has been done over and over again throughout the banking history.
Interest is one of those things that pushes the creation of even more non 'legal tender' backed money. In the meantime this is causing an ongoing devaluation of whatever system money type is being used in your place of the world. Economical crashes are build in, they come with a guarantee. As nothing can grow forever, not even when it is constantly being created out off nothing, backed by zero. Or as close to zero as 2 to the power of 255 in decimals can go.
One day, long gone, this (BMG) system all started with Gold. That was brought somewhere safe, to be secured, known as a bank, it gave out an 'I owe you' note. At some moment in time these bank notes a matter of exchange. Where only a few people still bothered to carry bags full of Gold around with them. And then the banksters, like the crooks they were and still are, noticed something odd. The Gold almost never got collected. Over a time period of years and years it seemed it would be 10 percent at the most. So, them banksters (as in gangsters) started to hand out bank notes as loans and mortgages (mort means murder in German. And gages in German, means fees in English. Go figure: murder fees, what a coincidence.)
Because a lot of those bank notes came back to be put in a safe, where again it stayed for years, being offered a little interest, the Fractional Reserve banking trick could be pulled over and over again. Interest being payed? More reason to create bank notes out off nothing. Issues paying off interest and a loan or mortgage? Well, come in and put something you own on the spot that is worth another loan, or a mortgage. And before humanity knew what hit them the got powned by the Banking Monetary Governance system. It's political governance wing even was named Democracy, where you could give your voice away by voting on their network members. And by mandate a this 'chosen' majority could preserve the Banking Monetary Governance system. It owns and controls just about everything, even your believed Carbon Dioxide exhaust. And you will be taxed for it.
Were we ever masters in this?
The Central Banking Digital Currencies are non legal tender. Remember that, because you might spot some things already popping up on the horizon. With at its ugly head the Bank for International Settlements [BIS], the banksters are pushing to legalize CBDCs as tender even before they are a real thing. And if you thought goverments were overarching management systems that were there to serve the population, think again. A government is not supposed to be your master, as a matter of fact it you who is supposed to be in control. Everybody working in any government is your servant. Simply because you pay them to manage a region on a large scale on behalf of you.
Now one of many weird things is that 'it' even enforces you to pay 'it' taxes, excises and duties. Again, think of that in a perspective of the rest of the population and you as being the masters and those working in government as your servants. Some even wear a uniform and carry a weapon, who should serve and protect you. But if you do not pay your taxes, these servants of yours might use force to take you away and imprison you. Because some other of your payed servants, that wants to be called a judge, ordered those uniformed servants of you to do so...!? As the tax collector servant took you to the courthouse you pay for. On a ship this behaviour would be called mutiny, I guess.
With CBDCs it will even get worse
Now why would that become even worse with CBDCs? Well, because first of all every human being on earth would only be considered 'legal' if they were digitally registered. Meaning a Digital Identification would become mandatory, all over the world. Welcome in the reality of a dystopian Supranationalistic Global Government. Well, do not worry, it is just the same Banking Monetary Governance system, but now it is out in the open. And then you really might start to doubt if it is truly the Earth its population who are the masters over the relatively few within the system, supposedly your servants. If 'its' only digital money, becomes completely under central banking control, lead by the BIS, and governments allow it to be classified as 'legal tender' and cold hard cash becomes illegal, then you and I are in deep trouble. Our supposed servants now will, without any shame, present themselves as our masters.
Of course there already is digital money. By far out the most of our currency only does exist inside computer memory. That is why banksters were so scared for bank runs, that they asked their network members in government to make a call for a bank run illegal. Therefore those in government who create these laws, to support the banks, know bloody well how Fractional Reserve Banking works. Yes, again proof that those who are supposed to be our servants, are actually working for the Banking Monetary Governance system. Try and take a couple of thousands out off your account. Here where I live they do not even have cash inside the bank anymore. It means I'd have to order it and then state what I want to with it. A bankrun would not even be possible anymore: "How much would you like to order in cash? Sorry, we're all out."
Now imagine CBDCs controlled completely by a para National organisation, a central World Bank, under the umbrella of the BIS. Its digital money becomes 'legal tender', by their request and made so by any government. If you and I want to use it we need to prove we are registered in the global digital identification system. Meaning, we now have a digital ID that is connected with everything we do and refuse to do. In comes Machine Learning [ML] and Artificial Intelligence [AI] as the amount of data is way too much for any human to handle. Every action causes a response by this Digital ID network. Your CO² score is too high, sorry you can not go outside your 15 minute region. And what if your CBDC account gets locked, for whatever reason, and cold hard cash has become illegal? Forget even calling them in the government your servant and that what's in a digital 'bank' your money. Guess you'll own nothing but I doubt if you will be happy about it...
Only 1 promille in Cryptocurrencies
If you consider that of all the alleged capital in the world is about 1 quadrillion USA Dollar, then the 1 trillion in Cryptocurrencies is just about 1promille. So, how come the Banking Monetary Governance system still seems to be unhappy with its existence. And that is still being mildly put, I guess. With its little evil helper, the biased mass media, it will grab every opportunity to try and zero the playing field for Cryptocurrencies. Everything is blamed on our beloved matters of free exchange. Which might be considered, im some cases as digital replacement for _cold hard cash'. And I was wondering why our servants in government will not serve us, instead of serving the banks. We are being treated as if we are criminals, while it is the banksters who actually steal what we have, using Fractional Reserve Banking. It is hard to believe those organisations are not intertwined with each other.
Okay, actually the reason might be quite easy to understand. Most Cryptocurrencies function autonomously and substantively. Except those who can and will lock ownership of value, on the order of the Banking Monetary Governance system. Or those who have a team rule over which Coin or Token can be received, send and exchanged freely and which ones are not. Plus then there's the ones that are so deep inside the asshole of the Banking Monetary Governance system that they could be considered controlled opposition. Luckily there's enough truly free and open sourced Cryptocurrencies that let you and I receive, send and exchange value in a jiffy on decentralized networks.
And that's the thing. You and I can exchange value in a jiffy, without getting locked out off our account, because we send a couple of thousands to our kids. There's a certain kind of privacy, even when the blockchain you use does have a human readable public ledger. You can even give away Cryptocurrencies on a piece of paper. Just by handing over a private key. And a complete wallet, to be recovered by a dear one, also possible with a lot of seed words. No ML and AI bugging you there and sometimes nobody but you can know who got a private key to some of your Coins and Tokens. And no Central World Bank can endlessly pull the Fractional Reserve Banking scam anymore. Nor control the system with its fake money. And that is where it itches, I guess.
Your keys, your seeds, not theirs
Maybe that is why just about 1 trillion of USA Dollar in market capacity makes the Banking Monetary Governance system nervous about Cryptocurrencies. It is out of its claws, it cannot be abused, for most part, for its FRB scam. Everybody can just hold a private key, or a couple of seed words, on a piece of paper, and pay with that for food, or give it away. Or just hide it away for future use. No banksters were involved with that. Bitcoin just is BTC capped at 21 million. Just hold a little bit of that on a paper address and who knows what that might bring you in the future.
When 'the system' has such a huge urge in constantly attacking the realm of Cryptocurrencies then you and might actually be part of something that is way bigger than just 1 trillion in USA Dollar. After all it is only 1‰ of all the capital in the world right now. Remember all the mocking, making fun of, stating how Cryptocurrencies are worthless and attacking it in every possible way by creating laws and locking bank accounts. That seems like a lot of energy against something stated as being useless, worthless, defeated and dead many times. And I guess it aint over by far. But let us be the ones who laugh last and the hardest.
Have a great one!
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