Bitcoin, Cryptodollars, Gold, Seedy Saloons, Gunfights, And Wampum
Before we get to the latest from Eric Peters, allow us to quote ourselves because happily, a lot of what you'll read below from Peters echoes some of our commentary on cash bans and crypto.
From earlier this year, on cashless societies and central banks:
Much has been made over the past several years about the so-called “death of cash”.
How many articles have you seen circulating (pun fully intended) with titles that contain the words “cashless” and “society”?
Indeed, the
This article fails to put forth a consistent systems dynamics model of a plausible economy. Mentioning Dimon and any of his thoughts adds to implausibility. But when Michael Dukakis ran for president he did mention some truth about tax collection that should lead to equity, as crypto might. Then there was Peter Grace. Now we face a more ominous piper than anyone knows.
“Freedom is just another word for nothing left to lose.” How true as we spiral into a “algo-controlled” “fake democracy.” Where are the great projects that defined our country, just look east because China is the country looking out into the future with a promise to “progress forward.” America wallows in a bloated “status quo” of DEBT and people looking backward at problems that should have long ago been decided. The cashless theft of the lower classes will be the final straw that turns our once great nation into a “have and have not” hell.
I do not doubt the ultimate outcome desired by governments is this. The ultimate question is… Are they competent enough to pull it off? Does the government actually have the tools and management faculties necessary to absorb crypto’s?
There are certainly theories that BTC was created by the CIA/DARPA and there is no reason to think that impossible. Maybe it was. But if it was and it is the new ledger of the NWO pending perfection and the NSA master archive is going to link this all up into the ultimate panopticon I guess my only questions is… why not buy in early?
At least I’ll be holding something better before the conversion instead trying to convert my useless petro dollars for BTC or GovCoin or whatever. If BTC and cash is banned and you have to use govcoin and everyone but the gov/1% starts at $0 in their account… I guess I’m in the same boat as if I never bought any BTC. In the mean time I’ll stick around and ride BTC up to $100k or so then pay off my college debts or spend the rest of my life doing it by working.