Former Assistant Secretary of Housing and investment advisor Catherine Austin Fitts says you have to be careful and fully understand Bitcoin. Fitts explains, “We do know they want to go to an all-digital system with central bank cryptos. The easiest way to build the prison is to get freedom lovers everywhere to build the prison for you. To me, Bitcoin has always been the prototype on the way to building the all-digital crypto system that they would love to put into place. You have $400 trillion in fiat (currency) and it needs a place to go. If you are trying to buy up all the gold, silver and farmland, the last thing you need is competition from retail. They want to shift them into crypto and get them to build the crypto train tracks. In a funny kind of way, it’s brilliant.
There is talk by big banks that Bitcoin could go to $300,000 per unit by the end of the year. Fitts thinks, “This is absolutely possible. This is pure politics. This has nothing to do with economics. How much will the central bankers, who can print as much money as they want, spend to get you into this platform? Your guess is as good as mine. The sky’s the limit as to how much they can spend. Remember, once they decide to bring out the central bank currencies, and they have steadily been regulating the crypto currencies, Bitcoin and everything else, so the day they decide to take this to zero, they can do it. If you are going to invest into cryptos and build our prison for us, what you need to know is this thing could go to $300,000, and it can also go to zero. This is a highly speculative market, and you need to approach it accordingly.”
Fitts warns of a dark future if the central bankers get everything they want. Fitts says, “When they decide to shut down our bank accounts and say you all get on crypto, universal basic income and take that injection or you can’t transact on the financial system, this is instituting a totalitarian system through the financial system. . . . When they shut that trap door, what you need to think about is where are you going to buy food?”
In closing, Fitts says, “We are in Never, Never Land. We have two groups in our society: One group that can print money, and the other who can earn money. What we saw last year is the people who could print money declared war on the people who earn money. They basically said we are going to shut down your businesses, and we are going to suck up and take your market share or buy you out with money we print out of thin air. . . . We have no pandemic. What this is is an economic war.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Catherine Austin Fitts, publisher of The Solari Report.
#1: Horse To: Pinguinite, BTP Holdings, TommyTheMadArtist, Lod, Ada (#0)
Horse posted on 2021-02-21 13:19:42 Reply Private Reply
#2: Lod To: Horse (#1)
Lod posted on 2021-02-21 13:51:18 Reply Private Reply
#3: BTP Holdings To: Horse (#1)
I imagine we can assume that includes the missing millions from the Pentagon budget when Rabbi Dov Zackheim was Comptroller for the Pentagon budget prior to the events of 9-11-2001.
And BTW, the section of the Pentagon that was hit on 9-11-2001 was where researchers were investigating the budget fraud. ;)
BTP Holdings posted on 2021-02-21 16:04:48 Reply Private Reply
#4: Pinguinite To: Horse, Lod, Esso (#0)
I disagree with her when she says the CB's can take bitcoin to zero at will. The only way to do that is to short it and your really can't short bitcoin. Not yet. That would require financial services to support bitcoin far more than they are now to the point where they can do naked shorts of bitcoin the same way they do naked shorts of gold and silver, or otherwise create a paper crypto market.
But what makes crypto different from metals is that it doesn't need banks to serve as clearing houses. Taking delivery of gold and silver is much less attractive than taking it with crypto as metals require actual delivery overhead, and any decision to have gold and silver reenter the market is also additional over head a seller must pay for, which is considered by anyone deciding to take delivery of metals. Not so with crypto.
Gold and silver are great, but the fact is they cannot serve as currency in our modern digital world. Digital dollars can, and crypto can, but not physical gold & silver. Yes I agree with Fitts that CB's want everyone hooked on a digital dollar, but I disagree that Bitcoin is some kind of gateway drug to the CB jail cell. Gold and silver do not threaten the CBs. They only serve as the bench mark by which to measure the failure of CBs. Crypto, on the other hand, threatens CB's directly by attacking their very purpose which is control of the currency supply. Of course CB's are threatened by free market crypto, but if it wasn't for free market crypto, CB's wouldn't even be bothering with digital versions of fiat.
So no, Bitcoin is not the bait to get people hooked on CB digital fiat. It's CB digital fiat which is the CB's attempt to counter the threat that free market crypto like bitcoin poses to them. And I think that effort will fail.
Pinguinite posted on 2021-02-21 16:57:20 Reply Private Reply
#5: Horse To: Pinguinite (#4)
Not sure what would happen to Bitcoins if NSA waged war against them.
Horse posted on 2021-02-21 17:33:02 Reply Private Reply
#6: Pinguinite To: Horse (#5)
I must thoughtfully disagree. If gold and silver didn't exist, then it would be copper threatening the dollar. Of if copper didn't exist it would be platinum. It would be whatever. What really threatens the dollar is the amount of abuse that has been exercised by govs and CBs that exploit it's inherent defect of being centrally controlled. Precious metals are simply the static standard by which the world can measure that abuse.
Further, how could one say that G & S really might set us free from the dollar when the dollar used to be fully backed by gold? If it failed to keep us free from CBs, then how does the logic work to suggest it will set us free once again?
Yes it is. And I see CB issued digital money as acclimating people to the idea of digital money. It's much easier to get someone to accept free market crypto as alternative payment if they are already used to using their smart phones as a wallet thanks to CB's teaching the masses that it's normal.
Digital currency is a brand new battlefield. CBs and govs will try to win that battle, but I believe it's a battlefield they would avoid fighting on if they had any choice. They much prefer to maintain the old battlefield where they already dominate, even to the point of manipulating G & S prices albeit imperfectly and absent 100% control.
But I see crypto as a new place they will lose as they cannot defeat a currency that does not require centralization to operate and compete.
Pinguinite posted on 2021-02-21 17:55:12 Reply Private Reply
#7: Pinguinite To: Horse (#5)
Nothing. It's decentralized, so what can the NSA do? There is no secret data center to raid and shut down. There is no person to arrest. Will they try to eliminate internet traffic that relates to bitcoin? Can they do that globally or only in the USA? And how would they tell if an encrypted data packet going over the line is bitcoin or something else entirely? If they rely on port numbers, then crypto developers will simply modify the code to use alternate port numbers or even random port numbers.
Even IF they could somehow bring Bitcoin itself to its knees globally, which I don't think they can, there are many dozens and even hundreds of other cryptos waiting in line right behind it. And crypto is unique as a currency as its the first "living" currency the world has ever seen. That is, whatever restrictions govs attempt to impose, core developers can circumvent by modifying the core code, and they can do so in endless ways.
No, if this was a race track, my full bet would be on the crypto horse rather than the big brother horse. I may not know how long the race is, but I know who wins in the end.
Pinguinite posted on 2021-02-21 18:04:01 Reply Private Reply
#8: Lod To: Pinguinite (#4)
Crypto, on the other hand, threatens CB's directly by attacking their very purpose which is control of the currency supply.
Lod posted on 2021-02-21 20:42:40 Reply Private Reply
#9: BTP Holdings To: Horse, all (#0)
"You are a den of vipers and thieves and by the Almighty I shall rout you out." - Andrew Jackson
BTP Holdings posted on 2021-02-21 21:09:23 Reply Private Reply
#10: Lod To: Pinguinite (#7)
www.theblockcrypto.com/po...private-market-data-shows
Lod posted on 2021-02-21 22:37:00 Reply Private Reply
#11: Pinguinite To: Lod (#10)
Bitcoin's market cap has topped $1 trillion now, so a $100 billion value of coinbase is therefore equal to 10% of bitcoin's value, for whatever one may infer from that. The total market cap of all cryptos combined is about $1.7 trillion.
Pinguinite posted on 2021-02-21 23:18:04 Reply Private Reply
#12: NeoconsNailed To: Horse, Ada, All (#5)
With things being as crazy and inside-out as they are I'm wondering if gold and silver are even the long-term hedge we like to think. The PTB have kept them from keeping up with inflation for the most recent 15% of American history. When they can't do that any longer it'll prolly be because they're out of power, we've got Zimbabwe inflation, all goods have stopt moving and there's nothing to buy at any price unless you want to trade a krugerrand for 2 cans of beans.
Neo's doomsday vision here at no extra charge. Hate to be so pessimistic but hey, it's deep February.
NeoconsNailed posted on 2021-02-21 23:59:44 Reply Private Reply
#13: Horse To: NeoconsNailed (#12)
Horse posted on 2021-02-22 00:39:20 Reply Private Reply
#14: NeoconsNailed To: Horse (#13)
NeoconsNailed posted on 2021-02-22 12:37:38 Reply Private Reply
#15: Lod To: NeoconsNailed (#14)
Lod posted on 2021-02-22 12:46:17 Reply Private Reply
#16: TommyTheMadArtist To: Horse (#1)
TommyTheMadArtist posted on 2021-02-22 15:53:24 Reply Private Reply
#17: BTP Holdings To: Horse (#1)
I guess that dwarfs the $2.9 Trillion missing from the Pentagon budget after 9- 11-2001.
Maybe Rabbi Dov Zackheim can give everyone a clue about the whereabouts of those funds since he was the Comptroller at the Pentagon back then. ;)
BTP Holdings posted on 2021-02-25 19:02:35 Reply Private Reply
#18: Horse To: BTP Holdings (#17)
Horse posted on 2021-02-25 19:14:22 Reply Private Reply
#19: BTP Holdings To: Pinguinite (#4)
Remember that when FDR abrogated the gold standard, he forced people to turn in their gold at $20/oz. Then it was revalued to $35/oz. That was a tidy profit for the goons. The price keeps rising. Ft. Knos is empty except for the 90% pure gold from melted coins. The FED has taken physical possession of the gold. It is in sub basement of Federal Reserve Bank of New York. There was even a Die Hard flick made about that not so secret fact. ;)
BTP Holdings posted on 2021-02-26 00:29:00 Reply Private Reply
#20: BTP Holdings To: Horse (#18)
At this point in time, those are simply numbers. ;)
BTP Holdings posted on 2021-02-26 00:30:31 Reply Private Reply
#21: Pinguinite To: BTP Holdings (#19)
I don't think he quite "forced" people to turn in gold in the sense than anyone who had any gold at all, in any form, had to turn it in.
Back then, gold & silver coins were in circulation. It was the currency. What FDR did was to effectively cancel the gold coinage. Banks simply stopped trading out the coins for the paper notes and released only the paper notes. Any gold coins they took in were passed up to the CB and in time, it was mostly removed from circulation. After that, yes, he revalued it to $35/oz, but the average person wouldn't have felt that as they were still trading their paper money around at face fiat value.
Correct me if I'm wrong, but people with gold jewelry and whatever other objects were not required to turn that in. Yes there was a lawful penalty for hiding gold coins away, but most people probably just kept spending it -- as much as they could at the peak of the depression -- and eventually it made it's way to the banks.
Obviously it was a grand theft, however.
Pinguinite posted on 2021-02-26 02:28:07 Reply Private Reply
#22: NeoconsNailed To: Pinguinite (#21)
There's a notion in my head that historical gold coins are now -- ironically enuff -- off limits as wealth in asset seizures, unless you're somebody famous they're trying to make an example of (Robert Clarkson, Edgar Steele, 'Paul Revere'). And bullion coins are fair game? Maybe I dreamed it.
NeoconsNailed posted on 2021-02-26 03:12:16 Reply Private Reply
#23: Horse To: NeoconsNailed, Lod, Ada, Pinguinite (#22)
Horse posted on 2021-02-26 03:45:56 Reply Private Reply
#24: Pinguinite To: NeoconsNailed (#22)
No, that's true. Numismatic coins have a collectors value due to their antiquity and are a different class of coins.
Pinguinite posted on 2021-02-26 10:07:16 Reply Private Reply
#25: NeoconsNailed To: Pinguinite (#24)
NeoconsNailed posted on 2021-02-26 11:50:53 Reply Private Reply
#26: Pinguinite To: NeoconsNailed (#25)
They are immune to seizure from FDR's XO. Other than that, they are considered property of a person and could be seized like any other property to satisfy alleged debts of whatever legal sort, whether by the gov or private party pursuant to a lien.
Pinguinite posted on 2021-02-26 12:07:45 Reply Private Reply
#27: BTP Holdings To: Horse (#23)
If you had any of the pre 1965 90% silver coins and tried to spend them you would still only get face value for those coins. Why would gold coins be any different?
Besides that the $35 per ounce price was for bullion. The couns were only 90% gold. ;)
BTP Holdings posted on 2021-02-26 18:13:14 Reply Private Reply
#28: Horse To: BTP Holdings (#27)
Silver coins were 90% silver and 10% copper. Not sure about gold. Gold Eagles are nearly pure gold. Canadians put copper in their gold Maple Leaf coins which is why they are so ugly and unpopular.
Horse posted on 2021-02-26 20:09:46 Reply Private Reply
#29: BTP Holdings To: NeoconsNailed (#22)
I saw prices on some that survived the melt downs. They are really sky high. A couple thousand for a $20 gold piece.
BTP Holdings posted on 2021-02-27 08:33:35 Reply Private Reply
#30: NeoconsNailed To: BTP Holdings (#29)
Wait a minit, I tho't the historical ones were exempt from seizure and melting?
Decreeing that Amurricans couldn't own booze or gold -- I almost can't believe these things actually happened, but they clearly did.
NeoconsNailed posted on 2021-02-27 16:29:32 Reply Private Reply
#31: Lod To: Horse (#28)
The Canadian Gold Maple Leaf was first issued by the Royal Canadian Mint in 1979. The coins were more than just the second gold bullion coins introduced for private investment, but also became the first-ever .9999 pure gold (24-karat) coins in the world when the mint increased gold purity in the coins in November 1982. Even to this day, few other gold bullion coins are available with 24-karat gold content.
My note: The $50 American Buffalo is our only "pure" gold coin.
Lod posted on 2021-02-27 22:49:23 Reply Private Reply
#32: NeoconsNailed To: Lod (#31)
NeoconsNailed posted on 2021-02-28 04:13:47 Reply Private Reply
#33: BTP Holdings To: NeoconsNailed (#30)
If you check online you would find the U.S. Dollar has lost 92% to 98% of its value depending on which site you look at.
BTW, the only gold in Ft. Knox is 90% pure ffrom melted coins. All of the bullion was taken by the Federal Reserve as collateral on the debt. (The gold is now in the sub basement of the Federal Reserve Bank of New York.) As U.S. debt rises, so does the value of gold. ;)
BTP Holdings posted on 2021-03-01 08:38:18 Reply Private Reply
#34: BTP Holdings To: NeoconsNailed (#32)
Putin was offering free land for anyone with $100,000 as a stake to get started. Around 10,000 Boer farmers from South Africa decided to take him up on the offer. ;)
BTP Holdings posted on 2021-03-01 08:42:09 Reply Private Reply
#35: NeoconsNailed To: BTP Holdings (#34)
NeoconsNailed posted on 2021-03-01 16:46:53 Reply Private Reply
#36: BTP Holdings To: NeoconsNailed (#35)
Those computerized voting machines were developed there to make sure that Chavez never lost an election.
Now their use here has given us the bumbling buffoon Joe Bidette as POTUS. :-/
BTP Holdings posted on 2021-03-07 19:23:22 Reply Private Reply
#37: NeoconsNailed To: BTP Holdings (#36)
Oh GOD, it really did. I just checked again!
NeoconsNailed posted on 2021-03-08 03:48:28 Reply Private Reply
#38: Esso To: NeoconsNailed, 4um (#37)
And you point is?
Esso posted on 2021-03-08 03:51:09 Reply Private Reply
#39: NeoconsNailed To: Esso (#38)
en.wikipedia. org/wiki/One_Night_in_Bangkok
NeoconsNailed posted on 2021-03-08 04:01:38 Reply Private Reply
#40: Esso To: NeoconsNailed (#39)
Like the song says, I get my kicks above the waistline, Sunshine.
Esso posted on 2021-03-08 04:06:26 Reply Private Reply
#41: NeoconsNailed To: Esso (#40)
NeoconsNailed posted on 2021-03-08 04:15:03 Reply Private Reply
#42: Esso To: NeoconsNailed (#41)
It doesn't mean anything. I spent years here railing against the Xews. Didn't much get anything accomplished.
I know how the game works. it's not chess, but a total mind-fuck.
Can you hear me now?
Esso posted on 2021-03-08 04:28:25 Reply Private Reply
#43: NeoconsNailed To: Esso (#42)
NeoconsNailed posted on 2021-03-08 04:43:27 Reply Private Reply
#44: Esso To: NeoconsNailed (#43)
You're probably the closet thing I'm going to get to a company shrink that doesn't expect me to change my sex (gender).
I love you girl. You don't expect me change my sex, do you? J/K
Esso posted on 2021-03-08 04:56:58 Reply Private Reply
#45: NeoconsNailed To: Esso (#44)
NeoconsNailed posted on 2021-03-08 06:42:24 Reply Private Reply
#46: Esso To: NeoconsNailed, 4um (#45)
I have been for forty some years. Catch me if you can.
Esso posted on 2021-03-08 07:04:32 Reply Private Reply
#47: Esso To: NeoconsNailed (#45)
I already know the future. That was my job for 15 years.
Esso posted on 2021-03-08 07:10:19 Reply Private Reply
#48: BTP Holdings To: Esso (#38)
I sacrificed my Knight and then took the other guy's Queen. You should have seen the look on his face. LOL
BTP Holdings posted on 2021-03-12 16:15:21 Reply Private Reply
#49: BTP Holdings To: Esso (#47)
George Orwell said it best. ;)
“HE WHO CONTROLS THE PAST CONTROLS THE FUTURE; HE WHO CONTROLS THE PRESENT CONTROLS THE PAST”.
BTP Holdings posted on 2021-03-12 16:20:10 Reply Private Reply