Yellen says cryptocurrencies need to be "curtailed"

[belian78]

Understood, I was trying to make a point that, as you say, they mandate masking etc ... they can write up any mandates. Such as possession of Gold being illegal to prop up The Dollar.

The State has already confiscated physical gold once in this country's lifetime already, when the time comes metals will be outlawed as currency and BTC will be absorbed or outright stolen to support the emerging State crypto.

[Pauls' Revere]

The State has already confiscated physical gold once in this country's lifetime already, when the time comes metals will be outlawed as currency and BTC will be absorbed or outright stolen to support the emerging State crypto.

I think your right. However, I wonder how much the CIA, NSA etc launder (and pay) their operatives through crypto?

[belian78]

I think your right. However, I wonder how much the CIA, NSA etc launder (and pay) their operatives through crypto?

Well, I'm no Gary Franci but some of the things I've heard in interviews n whatnot is that credit cards with no limits is the standard. "Keep it below this much a year, balance gets zero'd every month".

[GlennwaldSnowdenAssanged]

Understood, I was trying to make a point that, as you say, they mandate masking etc ... they can write up any mandates. Such as possession of Gold being illegal to prop up The Dollar. I think that anything that does NOT meet the following two requirements is under threat.

1) It uses the dollar. (everyday transactions)

2) Requires the use of the Dollar. (oil is purchased in petrodollars)

Anything that has value stored in it that is outside those two rules is under threat. BTC operates outside those rules and threatens the FED Dollar scheme. Can't wait to see what happens when another country (like China) implements their own state run crypto currency. I believe the EU is thinking about it too.

Didn't they once already declare gold illegal in the 70's?

[Pauls' Revere]

Didn't they once already declare gold illegal in the 70's?

I think it was earlier than that (FDR?). We came off the gold standard in the 70's under Nixon.

[GlennwaldSnowdenAssanged]

Cash shortage supposedly taking place all of 2020. Exact change or use Plastic. Cash only flowing one way from you to them. For your Safety!

[belian78]

Cash shortage supposedly taking place all of 2020. Exact change or use Plastic. Cash only flowing one way from you to them. For your Safety!

See? This kind of thing is why making connections within our communities now is so critical. Once this really starts ramping up, you will see reasonable people from all political leanings stop and realize this is a mile too far. When that happens if we're so split because of perceived divides that don't actually exist, we've no hope but to join with the beast or die alone.

[devil21]

They introduced bitcoin to familiarize and condition the masses for the long-planned digital dollar/central bank digital currency. Central bank digital currency dollar will be rolled out soon so bitcoin and the rest are not needed anymore.

[DamianTV]

They want a Monopoly on Currency as well.

I recall something about some chinese warlord saying "Paper is the NEW Silver" when he took the peoples silver and gave them worthless paper receipts.

Funny thing is when they want it, their new Digital Currency will be JUST AS COUNTERFEITABLE as Paper Money. Block Chain my ass.

[Matt4Liberty]

Many keep talking about some new federal reserve digital currency coming. They fail to realize that the current federal reserve dollar is already a digital currency for all intents and purposes. There's only a few exceptions and they're trying to get rid of cash as quickly as possible. Another benefit of the current fake crisis.

[devil21]

Many keep talking about some new federal reserve digital currency coming. They fail to realize that the current federal reserve dollar is already a digital currency for all intents and purposes. There's only a few exceptions and they're trying to get rid of cash as quickly as possible. Another benefit of the current fake crisis.

While the current FRN system and the CBDC system share the obvious 'digital' connection, they really are not the same in execution and the legal framework behind them is completely different. The current FRN dollar is a claim on the Treasury. The CBDC is a claim on the Fed. I could be wrong but I expect the Yuan CBDC will be declared gold-backed, at least in part, which forces every other CBDC to also claim some amount of gold-backing. China's been hoarding all that gold for a reason. I think we'll soon see why.

Thread with link to WEF CBDC white papers if you want to familiarize yourself with the differences. IIRC it does not mention gold but they wouldn't tip their hand that early if it will be.
http://www.ronpaulforums.com/showthr...ency-framework

[kpitcher]

They introduced bitcoin to familiarize and condition the masses for the long-planned digital dollar/central bank digital currency. Central bank digital currency dollar will be rolled out soon so bitcoin and the rest are not needed anymore.

Bahamas already rolled out an official crypto. Bitcoin will still be gobbled up by the large investment funds, it will continue to grow. Far too many banks and other industries are involved to want it to go away, although a one time write off of 500 billion to kill BTC entirely is still possible. I don't know when it will be too big to fail, perhaps a few trillion in bitcoin assets?

[Gaius Marius]

Many keep talking about some new federal reserve digital currency coming. They fail to realize that the current federal reserve dollar is already a digital currency for all intents and purposes. There's only a few exceptions and they're trying to get rid of cash as quickly as possible. Another benefit of the current fake crisis.

Very true. The growing national debt is essentially funded by this federal reserve digital currency. The problem will arise when (it's only a matter of time) the US Dollar is no longer than reserve currency for global trade.

[devil21]

Bahamas already rolled out an official crypto. Bitcoin will still be gobbled up by the large investment funds, it will continue to grow. Far too many banks and other industries are involved to want it to go away, although a one time write off of 500 billion to kill BTC entirely is still possible. I don't know when it will be too big to fail, perhaps a few trillion in bitcoin assets?

You're basically saying that the FRN is too big to fail, since the bitcoin price is denominated in FRNs. Seems to me that bitcoin has been effectively used to siphon a lot of FRNs out of the Main St economy. That's good for the bankers who want to reduce outstanding FRN holdings (claims on the Treasury) in advance of a switch to the new CBDC system, which is claims on the Fed. HODL! IOW, do not convert back to FRN, just give up the FRN liabilities you hold and hope for a cash out or use case later in the new system.) Must be coincidence that they're removing FRN cash and hard coinage from circulation at the same time...