The move to end paper money and move toward a national cryptocurrency took a major step recently when the House Financial Services Committee task force expressed support for experiments to create a digital cryptocurrencyversion of the U.S. dollar.
They argued that the United States had to keep pace with China, and in the process, they enable all Americans to access the digital economy. Neha Narula, who is the academic director of MIT’s Digital Currency Project, testified claiming, as they did in creating the euro, that the benefits of a digital dollar will lower costs within the electronic payment system. Of course, China also cracks down on protesters in Hong Kong. Obviously, the United States must crackdown on all dissent and cancel them from society to keep pace with China.
For years, I have watched behind the curtain how they operate. I believe that Bitcoin was “ALLOWED” to be created for the sole purpose of moving to a digital currency. Just as they float a balloon in first to see how the market reacts, which allows them to always deny it.
Nobody knows who invented blockchain. Don’t you find it curious that such a major invention takes place and nobody takes credit? Even the notorious government propaganda site, Wikipedia, states: “The blockchain was invented by a person (or group of people) using the name Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin.” This appears to be the perfect covert operation, for blockchain allows the government to trace every person who handled that Bitcoin.
They floated the balloon to move to negative interest rates in 2014. I reported back in 2014 that when Larry Summers said interest rates should be negative, he was flying a balloon to see how it was taken by the markets. I warned, “Negative interest rates are coming. When the economy turns down after 2015.75, they cannot lower rates that are already too low, so in their mind, they have to go negative. You will be taxed effectively on money you do not spend.” Shortly after that, the head of the European Central Bank, Mario Draghi, came out and agreed to say that negative interest rates were possible.
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