Chairman McCay treated one and all with respect and accepted my written testimony by email and confirmed personally. Chairing one of these committees is a lot of work - I appreciate his efforts.
I understand your viewpoint but that makes for a stronger case for Bitcoin. The world has been starving for something like this for ages. Governments providing the exit liquidity for billionaires to become trillionaires through investment from LIQUID public funds is good plan. Move absolutely everything onto the Blockchain then top 0.1% liquidates to buy RWA. What's really wrong with that?(Reverse robinhood) Where else was capitalism going to go?
Cryptocurrencies are impressive based on all the things that were trialled previously. People call it "digital slavery" but humans beings are slaves to everything. We are inside a giant dome. If you wanted "change" or "justice" you are 10000+ years too late. Let's let these billionaires cook and become trillionaires. Then see what they do with it, digital currency allows them to manage funds personally from their phones and get rid of the "friction(wealth asset managers)".
I'm very appreciative of your work, I think you are amazing and as a young person. I really value your contribution. However, are you not entertained?
Unfortunately, slavery is a part of humanity. Our principal foundations come from slavery.
The current world is dependent on billionaires and the current system (debt growth model) doesn't provide billionaires the opportunity to become trillionaires without theatrical anarchy. That is why digital currencies are a good strategy for them.
All public funds used to buy qualifying digital assets then liquidated into digital stable coins.
It is too late to stop a plan which has been trying to erect since the 1980s (before I was born!!!).
Well done CAF. Bitcoin is not an appropriate investment for governments, imo. Founded as a peer to peer system, buying Bitcoin with other people money (taxpayers) is not good governance. If people want it, allow them the ability to buy it with personal discretionary spending, through tax relief. Naturally, we expect this advice was received like an electric shock, Tax Cuts? (Shudder & cringe.)
Government spending on Bitcoin (or worse Cryptocurrencies) seems suspicious since they have yet to face up to the reality that this area is an entirely new form of financial instrument. They have no plan, either to understand it, create new regulatory frameworks or consumer protection laws. After years of attacks now they want to embrace it?
They are still trying to apply arcane & outdated laws from the past to attempt to stem the tide of an emerging force. (As in the SEC Vs.Ripple case, for example)
With so few Bitcoin left to be mined, what will the future trajectory of Bitcoin as an investment look like?
They (governments) are announcing they intend to “come to the party” rather late here, just as soon as they have concluded their committee meetings on whether attending the party is in their own best (vested) interests.
'Bitcoin' is not what people think it is (aside from also conflating it with 'the blockchain'). It's a forked coin from the original, and just as 'bad' as all the pump and dump crypto that followed. Bad: none of them are scalable (diminshing returns) and their complience...well, you know what has happened so far. To counter Going Direct you need to gather and orchestrate real assets and value (land, agri, energy), co-create to agree on your own principles, rules and terms and service (tokens) that. How? By combining two ecosystems; that of distribution (supply chains) and community (any sector), as regional systems that can scale and interregionally learn from each other. My company has been working on this for 10 years and is launching the bridge to this in April.
Imagine having CAF show up to your state committe bill reading. Those people would be sh*tting bricks. (And if they are not, they are deeply stupid).
Chairman McCay treated one and all with respect and accepted my written testimony by email and confirmed personally. Chairing one of these committees is a lot of work - I appreciate his efforts.
Very Cool. I hope they take your advice Catherine
A great summary of Bitcoin and stablecoins. Thank you.
To all of yesterday's readers asking for some sugar from Catherine in the form of hope or solutions! Here we go!
Dear Catherine Austin Fitts,
I understand your viewpoint but that makes for a stronger case for Bitcoin. The world has been starving for something like this for ages. Governments providing the exit liquidity for billionaires to become trillionaires through investment from LIQUID public funds is good plan. Move absolutely everything onto the Blockchain then top 0.1% liquidates to buy RWA. What's really wrong with that?(Reverse robinhood) Where else was capitalism going to go?
Cryptocurrencies are impressive based on all the things that were trialled previously. People call it "digital slavery" but humans beings are slaves to everything. We are inside a giant dome. If you wanted "change" or "justice" you are 10000+ years too late. Let's let these billionaires cook and become trillionaires. Then see what they do with it, digital currency allows them to manage funds personally from their phones and get rid of the "friction(wealth asset managers)".
I'm very appreciative of your work, I think you are amazing and as a young person. I really value your contribution. However, are you not entertained?
...and what happens when there is a Carrington Event?
Or, more likely, a "Carrington Event" breakdown of government systems?
What happens to gold or silver during a Carrington Event level coronal mass ejection or an EMP?
N O T H I N G
Unfortunately, slavery is a part of humanity. Our principal foundations come from slavery.
The current world is dependent on billionaires and the current system (debt growth model) doesn't provide billionaires the opportunity to become trillionaires without theatrical anarchy. That is why digital currencies are a good strategy for them.
All public funds used to buy qualifying digital assets then liquidated into digital stable coins.
It is too late to stop a plan which has been trying to erect since the 1980s (before I was born!!!).
Well done CAF. Bitcoin is not an appropriate investment for governments, imo. Founded as a peer to peer system, buying Bitcoin with other people money (taxpayers) is not good governance. If people want it, allow them the ability to buy it with personal discretionary spending, through tax relief. Naturally, we expect this advice was received like an electric shock, Tax Cuts? (Shudder & cringe.)
Government spending on Bitcoin (or worse Cryptocurrencies) seems suspicious since they have yet to face up to the reality that this area is an entirely new form of financial instrument. They have no plan, either to understand it, create new regulatory frameworks or consumer protection laws. After years of attacks now they want to embrace it?
They are still trying to apply arcane & outdated laws from the past to attempt to stem the tide of an emerging force. (As in the SEC Vs.Ripple case, for example)
With so few Bitcoin left to be mined, what will the future trajectory of Bitcoin as an investment look like?
They (governments) are announcing they intend to “come to the party” rather late here, just as soon as they have concluded their committee meetings on whether attending the party is in their own best (vested) interests.
Keep their feet to the fire, Catherine
Well said Catherine! Thank You!
'Bitcoin' is not what people think it is (aside from also conflating it with 'the blockchain'). It's a forked coin from the original, and just as 'bad' as all the pump and dump crypto that followed. Bad: none of them are scalable (diminshing returns) and their complience...well, you know what has happened so far. To counter Going Direct you need to gather and orchestrate real assets and value (land, agri, energy), co-create to agree on your own principles, rules and terms and service (tokens) that. How? By combining two ecosystems; that of distribution (supply chains) and community (any sector), as regional systems that can scale and interregionally learn from each other. My company has been working on this for 10 years and is launching the bridge to this in April.
Utah is pro WEF and UN agenda. They are corrupt under a facade of wholesomeness.
Its all about what the Demiurge A.I. wants (needs)... https://www.zerohedge.com/geopolitical/putin-says-major-deals-discussed-us-while-dangling-russian-rare-earth-mineral-access
For its bio-digital convergence projects... https://www.youtube.com/watch?v=c8Fi08u8bh8
https://odysee.com/@psychoNWO:9/COVID-Vials-Contain-Electronics---Not-Biology:9?r=GHBM5vePehvivDbgyGcgGJ6drCThcmjD