The End Game
Guest: Ernst Wolff
The elephant in the room is bitcoin. Its the exit from the trap! They do not control bitcoin and I think it will ultimately become the worlds reserve currency. It's the cog in their totalitarian wheel. They may have some success in getting CBDCs out but people will flock to bitcoin when they realize how much control the banks have. In fact they already are as banks in Canada have already demonstrated their power to freeze accounts of citizens whom have broken no laws. Bitcoin is the people's money, it's freedom money, it's the money of peace and its the future. Decentralization will set us all free by removing the power over money and information from the hands of a corrupt few!
Sounds good, except for one thing: countries can outlaw Bitcoin and all other coins, and close down their exchanges.
You are partially correct - countries could outlaw crypto they can outlaw gold or oil or steak so what - They can shut down centralized exchanges like Coinbase or Binance but again unless they kill the internet DEXs or distributed exchanges would still thrive as they are not a company like the aforementioned but instead by many individual computers and they are not in a single location but hundreds or thousands. People fail to grasp the concept just as the state can use technology to be everywhere; people can use technology in a manner that frees them from state control. If you are talking only centralized exchanges then yes its that can be easily controlled but distributed technology is an animal of a different color. There are many things that are illegal that thrive in our economy regardless of the ham fisted government. Given the incredibly poor handling of the dollar and the markets by the powers that be it would seem that people should want better and that will not come from the current economic paradigm. Seems to me that we should demand better from the money handlers as the Dollar has lost 97% of its purchasing power since the inception of the FED in 1913 and we are currently on track to blow the remaining 3%...oh but wait we can just print more trillions like AOC says geesh All these arguments by Gold Bugs , which I am not I hold gold and silver but I am open to other holdings as well, it is amazing that they can not see that crypto is complimentary to the PMs not an enemy. They are held for the same reasons and each has its place in a portfolio in my opinion. And for the record the intrinsic value of PM is in not only the scarcity but the cost involved with removing it from the earth and smelting it in to a bar as well as the replacement cost . The intrinsic value in Bitcoin is similar as it takes power to mine it and the value of the secure network that it runs on to protect its value. It is a new asset and as of yet immature but the arguments that are held against crypto are of the same nature as those that were deriding the internet a al 1994 - you know no value only good for funny cat videos but nothing will come of it. Well we all know how that turned out. The internet was all about unlocking communication and information crypto is all about unlocking value for the masses and leveling the playing field. If you truly believe in controlling your own destiny then something like crypto should appeal to you. The Pols and Media only bash it because they understand it loosens their 1984/Brave New World lock on all of us and that they don't like. Fortunately as each day passes the genie is further and further out of the bottle and luckily for us our pols are so inept they waited way to long to do anything and many of them are now involved in the crypto space.. Soon enough I believe we will all be using crypto , gold and silver to get by - just my opinion..
Bitcoin is a scam. Don't get caught in it.
The cryptos, unlike precious metals, have no intrinsic value, and are not physical. They can disappear with the click of a mouse....
Don't kid yourself Gold has minimal intrinsic value it is just a rock - Mind you I hold that rock for same reasons as you but to have enough gold to make it worthwhile weighs tons and it can be outlawed too a la FDR or taken at gun point - You don't understand Bitcoin - unless they take down the entire internet it is impossible to destroy the distributed ledger - Follow the actions Wall Street is banking on crypto and fat fees and they control what happens so long as they have greed in their eyes and a stake that is building in crypto it wont be illegal here. Remember don't do as Wall Street says do as they do to be on the correct side of the trade. Look Jamie Dimon is out there calling Bitcoin a ponzi yet Chase is quietly moving in to the space full bore.
Governments can easily set it up so that you can't exchange bitcoin etc into Fiat to pay for products. Don't think you'll be buying food with bitcoin when the transaction costs are so high. Well maybe you will I could be wrong
They can just as easily outlaw gold possession especially as there is precedent
There will be a great reset and the elites will control the “new currency” or a new elite world order will arise and control it. They will appear “better” but will be just as bad. Our only hope is the return of Christ and his millennial kingdom. The Bible is looking more accurate all the time in its end times predictions.