I have heard this story several times and also read about it in detail after the Titanic movie. Always wrote it off - you know, conspiracy theory, right?
But you go down the history rabbit hole into the CIA, Chruchill and WW2, and the banking cartel that has been around for-ever, and this all starts to make sense.
I'm still not there yet. But thankful #Bitcoin has no 'leader' - (laughing)
How is this 'centralized' - ? https://buybitcoinworldwide.com/mining/by-country/
The companies that own energy are fiat MONSTERS. They have little/NO incentive other than to comply with regulation and work the system for tax incentives. I worked in the Electric Utility industry for over 30 years - some of the WORST management across the country, and the business is run by mostly MBA and Lawyers who have no idea what business they are in. They believe it's a financial company.
This is all going to change in the next decade - and these all these wells will be mining #Bitcoin - hopefully under smaller company hands.
Pulling power away from the bureaucrats will NOT be easy - but it's going to happen.
BlackRock and JP Morgan - which let 90% of Congress and Senators know too - so they could get some options in before.
We don't need proof - just look at the 'outperformance' of these inside traders. The entire thing is rigged. At this point you either see it, or you just blindly follow.
Could be any of these, spot on!
But #Bitcoin is going up until it eats everything. Once we are 2-4X the market cap of Gold ($1-$3 million/Bitcoin) opportunity is best ever in human history.
Then the rest will just use/earn Bitcoin - I'm 61 and as excited about the future as I have ever been. Amazing what Bitcoin will do.
As for the short term - it really does not matter. We are on an unstoppable trajectory with some serious volatility until it stablizes at maybe $100 trillion market cap. Calculate that cost/Bitcoin - it's good practice! And we all need to read more books and learn more about the fiat system!
If they took retirement accounts now - of course it would be suicide.
But imagine a collapsing economy. 20% unemployment (maybe more). Defaults on Credit Cards, Cars, Houses through the roof.
People will be demanding Government rescue them - as we have been conditions - and losing 50-70% of your retirement for a 'bail out' will seem, during this time described, a blessing for most - even those in the upper middle class with all the 401K plans. They will be thinking, "Giving it to the government to keep my house/car is better than losing it all..."
American's have no idea what hard times are, but during a debt collapse they are going to feel it like never before. And it 100% will occur, we just don't know when.
Summary: Most will beg Government to save them with retirement money - and the Charlatans in Government will be more than happey to 'help.'
Move to #Bitcoin - it removes the power Government has over you! Start NOW - it takes time. I have been working this transition since 2016.
If #Bitcoin is big enough, maybe. But the market cap for Bitcoin would need to be $20 trillion + for that to happen. So well over $1 million/Bitcoin. Even then, that won't fix it.
The more likely 'taking' is pension funds (in the U.S.A.) which contain about $35 trillion in assets.
David Web wrote a book on this. Towards the end, there are letters between the EU and NY Fed discussing the issue.
In a nut shell, the legal frame work for confiscation of retirement plans was put in place between the late 90's and finished in 2022/2023.
During a catastrophic event, the Government could take part or all your retirement money to 'save' the system. Read it - it's worth at least knowing the framework has been discussed - for over a DECADE. https://docplayer.net/234739593-The-great-taking-david-rogers-webb.html
<< idyllic future of hyperbitcoinization I personally feel that is off the cards>>
If things keep somewhat stable, I agree - it's off the table.
But I think this decade sees a major event that really sends us in a tail spin. It could happen anytime - and likely is related to the massive trillions in debt. Fed will print $20+ trillion to 'save' the system - which will assure it's death.
Fiat has never lasted more than around 100 years without a reset back to hard money.
I feel what you are saying - maybe I'm overly optimistic - but we absolutely will crash and burn the current fiat system - let's see what pops out the other side.
I think you are more right than anyone believes/knows.
#Bitcoin has won already.
It's going to be one hell of a ride. Going to blow the minds of just about every humanoid on the planet when they wake up to unlimited storage of their work/effort/energy - to be deployed any time in the future - anywhere.
It will truly unleash human creativity beyond anything we have ever seen. (Read "Principles of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak)
Hold up. The problem here is the finanicalization of EVERYTHING.
So the wealth of the working class has been stolen, funneled to the very rich financiers, that are in CENTRALIZED population areas (not center city - which are slums - but central population/finance centers).
If we fix the money, with #Bitcoin, the working class gets paid in REAL money and can KEEP their wealth over their lifetime, KEEPING the money in their hometowns/locations/smaller population centers.
Large financialized businesses break up - move to cheaper smaller cities.
This all takes decades - but it will happen if we can get to a Bitcoin standard. Again, takes time to create a humanity mess, and it will take time to de-centralize it. I'm convinced we are at the beginning of the next big thing - de-centralization and return of power to the people.
We live in a gambling, instant gratification culture.
My personal opinion is this is driven by the fiat money system that LOWERS or ability to plan for the future. It's not something we plan, it's just the decay of money playing out in our heads.
In the book, "Principles of Economics" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak he discusses this phenomenon towards the end of the book. It's a GREAT read.
It's one of the fundamental benefits of #Bitcoin - knowing our work/energy is saved in TIME we will extend our vision for the future. Creates more innovation, progress, and efficiency.
MLM is not a terrible system of selling REAL products - but it was distorted by recruiting fees and 'training' fees that turned it into mostly a ponzi scheme - just like fiat - seems normal! I have never seen a MLM that did not TAP the pyramid aspect.
If it's handled locally, the people actually contribute for their money (BI).
The idea there is crime because people don't have UBI is dumb.
There are a LOT of poor people that don't commit crimes.
Most health problems are related to people being massively fat and consuming bad food. UBI (as with foodstamps) don't help that.
But the idea of local communities solving poverty is spot on!
It's almost impossible unless you are a VERY independent thinker.
The "conspiracy theory' tag is as strong as ever. If you believe ANYTHING but the narrative, you are a conspiracy theorist!
Yet most that is true, honest, good is not normal right now.
Marriage, doing for your neighbors, no seed oils/sugar/flour, work out, fast to not be a fat slob - put your fucking grocery cart in the cart rack at the store and quit throwing your dental flossers in the parking lot! 😇
Sadly, we are fat because of what we eat.
I was 260, taking heartburn meds in morning and night, 42 waist.
I cut out seed oils, sugar, wheat, and fast 40 hours every week and I'm 170, no meds, and as healthy at 61 as I was when I was in High School.
I eat whatever I want (without the above). I'm not 100% but close. When we go out, I still have a bite of desert - always had a sweet tooth. But after 3-4 years of this I crave the sweets less and less.
You don't have to be perfect, you have to be disciplined.
I eat LOTS of meat - just bought our first grass fed, grass finished 1/2 beef this last year - you can eat as much as you want. I'm not carnivore, but for many it's probably a great plan!
NEVER take fat drugs from pharma companies - you are tossing gasoline on a fire! Address the ROOT PROBLEM - the food supply.
We should be promoting that people read books like:
"CIA as Organized Crime"
And Whitney Webb's book, "One Nation Under Blackmail"
Whitney's books is WAY under rated. Loaded with research about the 'intelligence" community going back decades - all well referenced. Everyone needs to read it - even though it's 1000 pages of research, it's worth it.
If you read the book, "The Price of Tomorrow" by Jeff Booth, you wiill clearly see how this happened, and why.
If Government would not have stolen 2/3rds of the purchasing power of the people, technology would have likely made housing DROP in price as related to income!
I don't know how to calculate it, but if average income is $60,000/year a house would likely cost LESS than $60,000 today if you did NOT have Government taxes/printing!
The reality is - average cost of a house would likely be a fraction of yearly average income - so if you made $60,000/year you could buy an average house for maybe $40,000 (the price of a car!).
If you are a Bitcoin optimist, this is EXACTLY what is ahead for all of us. Once we are on a #Bitcoin standard deflation will start making things cheaper - and you will eventually be able to have many things in life you never dreamed you could own!
This deflation which increases prosperity for WORKING CLASS will be felt in housing, food, energy, travel, and time freedom.
For many the 'freedom' will be the biggest benefit of a hard asset money!
In 1919, the average pay was $750/year. A house costs $1,500.
If the Government had not stolen the purchasing power (through printing/inflation) the average cost of a house should be about $120,000 if you assume an average pay of $60,000 today.
Most of the these houses don't include foundation and land.
Either way - the Government stole from the people about 2/3rds their purchasing power the last 100 years if you assume average house costs over $400,000 today.
This makes sense, when you look at say, Nancy Pelosi's wealth and the wealth of any elected official before/after then 'serve' the people. Government has NEVER helped anyone but themselves - don't be fooled.
