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The Great Reset (Orchestrated Culling of the Herd, Financial Chaos, Social Chaos, Military Neutralization, Food and Energy Production Destruction)
- Thread starter TheTrooper
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No. I cannot hold a bitcoin in my hand, but I can hold gold in my hand. Holding U.S. dollars is not holding money either.
Holding it in your hand doesn’t make it money.
I like gold and silver as well as you.
And n the past people traded physical money. Money you hold in your hand.
Now people trade money digitally. Right? On their phone. Or use a card. No physical money was exchanged the last time I went to menards.
Bitcoin is a digital money. A new technology that uses the blockchain for security. No banks needed. No permission needed. Total privacy.
I like gold and silver as well as you.
And n the past people traded physical money. Money you hold in your hand.
Now people trade money digitally. Right? On their phone. Or use a card. No physical money was exchanged the last time I went to menards.
Bitcoin is a digital money. A new technology that uses the blockchain for security. No banks needed. No permission needed. Total privacy.
Bitcoin is not money. It is just another way of transacting existing fiat money:
". . . electronic money is not a new form of money that replaces previous forms, but is just a new way of employing existent money in transactions.
"Because electronic money is not real money but merely a different way of employing existent fiat money, obviously, it cannot replace it.
"One could argue that a government decree could enforce electronic money and displace the current paper standard. This would not work, however.
"Electronic money is merely a device of storing information concerning debits and credits. It cannot acquire any independent purchasing power; it cannot become money itself."
Will Eliminating Cash Save the Economy? | Frank Shostak
Given the still-subdued economic growth many experts are of the view that the presence of cash has constrained central banks from setting negative rates to stimulate the subdued economic activity.
I think it’s important that we all don’t get lost in the weeds here, and maybe (another) discussion is warranted.
There are many factors to account for in the current climate:
1. The USD is a fiat currency, no longer backed by gold, and is worth about 7-10% of what it used to be when we were on the gold standard.
2. The lifespan of any fiat currency (and its issuing nation-state/empire) is about 250 years, which we’re coming upon rather quickly.
3. It is true that most transactions now take place in the digital realm, in ones and zeroes, with debits and credits being tracked and ledgers being maintained by both parties.
4. The US debt-based system is in its end days as there are fewer people to borrow from the banks that actually pay them back, and banks have been determined to be “too big to fail” and the health of the economy versus the actual monetary solidity and wealth of the average citizen.
Personally, I am not on the digital currency train, as I believe it relies on way too many factors that take away true freedom and independence from the citizen.
Digital currencies require a digital footprint, thus requiring a digital ID. Internet service is also required. These facts alone eliminate a good portion of the lower-income bracket of citizens, regardless of possession of an Obama-phone. Conveniently, those with government-subsidized phones (paid for us) are also the ones proportionately consuming MORE government-subsidized programs (also, paid for by us.) (Interesting factoid: research the Gates Foundation ID2020 project.)
While most of us already have significant online or digital personalities, I’m not in any hurry to jump into a Chinese-style social credit system where every move is tracked, traced and databased so the government can control your social behavior through control over your finances. (Interesting factoid: research initial funding for Facebook through In-Q-Tel and why Musk sold and just repurchased the “X” name for Twitter, and how it applies to WeChat, the Chinese “everything” app.)
Digital currency also relies on the power grid to make and maintain ledgers and transactions. While cash registers also require electricity to work, cash (as long as it has value) is still worth exchanging for goods and services, same applies to precious metals. As long as it has intrinsic value, it can be traded. (Personal take: Why are they so adamant about impending power outages? It’s hard to buy food with digital money when there’s no power.)
@asevans, I thank you for a good, honest discussion of Bitcoin, and I’m glad you’ve been successful with it. Where it was mentioned above regarding the the implanted chip and its application to digital currency/CBDCs, see my concerns above. I’m personally of the belief that the more the financial system crumbles, the more drive there will be to implement all those factors above. To me, what sounds like a utopian, technology-based monetary future to some looks an awful lot like a socialist authoritarian hellscape. In discussions such as this, I often ask people a couple questions:
1. If the government can just print money out of thin air, then why do we pay taxes?
2. Has the government actually ever done anything that helps the little guy, or just puts money in their own pockets?
And I’ll leave everyone with a few images for consideration:
There are many factors to account for in the current climate:
1. The USD is a fiat currency, no longer backed by gold, and is worth about 7-10% of what it used to be when we were on the gold standard.
2. The lifespan of any fiat currency (and its issuing nation-state/empire) is about 250 years, which we’re coming upon rather quickly.
3. It is true that most transactions now take place in the digital realm, in ones and zeroes, with debits and credits being tracked and ledgers being maintained by both parties.
4. The US debt-based system is in its end days as there are fewer people to borrow from the banks that actually pay them back, and banks have been determined to be “too big to fail” and the health of the economy versus the actual monetary solidity and wealth of the average citizen.
Personally, I am not on the digital currency train, as I believe it relies on way too many factors that take away true freedom and independence from the citizen.
Digital currencies require a digital footprint, thus requiring a digital ID. Internet service is also required. These facts alone eliminate a good portion of the lower-income bracket of citizens, regardless of possession of an Obama-phone. Conveniently, those with government-subsidized phones (paid for us) are also the ones proportionately consuming MORE government-subsidized programs (also, paid for by us.) (Interesting factoid: research the Gates Foundation ID2020 project.)
While most of us already have significant online or digital personalities, I’m not in any hurry to jump into a Chinese-style social credit system where every move is tracked, traced and databased so the government can control your social behavior through control over your finances. (Interesting factoid: research initial funding for Facebook through In-Q-Tel and why Musk sold and just repurchased the “X” name for Twitter, and how it applies to WeChat, the Chinese “everything” app.)
Digital currency also relies on the power grid to make and maintain ledgers and transactions. While cash registers also require electricity to work, cash (as long as it has value) is still worth exchanging for goods and services, same applies to precious metals. As long as it has intrinsic value, it can be traded. (Personal take: Why are they so adamant about impending power outages? It’s hard to buy food with digital money when there’s no power.)
@asevans, I thank you for a good, honest discussion of Bitcoin, and I’m glad you’ve been successful with it. Where it was mentioned above regarding the the implanted chip and its application to digital currency/CBDCs, see my concerns above. I’m personally of the belief that the more the financial system crumbles, the more drive there will be to implement all those factors above. To me, what sounds like a utopian, technology-based monetary future to some looks an awful lot like a socialist authoritarian hellscape. In discussions such as this, I often ask people a couple questions:
1. If the government can just print money out of thin air, then why do we pay taxes?
2. Has the government actually ever done anything that helps the little guy, or just puts money in their own pockets?
And I’ll leave everyone with a few images for consideration:
Here We Go Again: Another Food Processing Plant Burns To The Ground | SHTF Plan
The American Plant Food Corporation's fertilizer plant in Bartlett, Texas, near Round Rock, reportedly caught fire around 8:30 p.m. on August 20th. The plant has since burned to the ground.
www.shtfplan.com
So what does the future bring for money?
When the dollar dies?
Are we going to use gold and silver?
Are we going to another fiat currency?
A cbdc?
I think we are going to carry these phones around everywhere we go and use it to exchange digital money.
What digital money do you want to use?
Government issued digital money that can be controlled. A cbdc. Turn your money off if you’re a bad boy.
Or bitcoin? Something the government or banks can’t control. Only will ever be 21 million. Don’t need banks. I can exchange to you with no permission needed. Can’t be taken from me. My account can’t be frozen. Can be sent to anywhere in the world in seconds.
How do you see the future of money?
When the dollar dies?
Are we going to use gold and silver?
Are we going to another fiat currency?
A cbdc?
I think we are going to carry these phones around everywhere we go and use it to exchange digital money.
What digital money do you want to use?
Government issued digital money that can be controlled. A cbdc. Turn your money off if you’re a bad boy.
Or bitcoin? Something the government or banks can’t control. Only will ever be 21 million. Don’t need banks. I can exchange to you with no permission needed. Can’t be taken from me. My account can’t be frozen. Can be sent to anywhere in the world in seconds.
How do you see the future of money?
I asked my friend, when bitcoin reached $65,000, if he thought about cashing out his $100,000 gain and paying off his mortage. That's something I view as real value. He told me it could reach $250,000...... and he still has a mortgage
I can see why the "concept" of bitcoin is alluring but personally I don't see it turning out well. I told my friend that even the silver and gold businesses accept it as legal tender. I'm always shocked when I see that. I'd guess they don't hold bitcoin for very long, or even very much of it, based on what they are selling. There's lots of theories about the future of money. I've watched too many videos about it. No one really knows what will happen or the timing, althougth one would think fiat is close to done. Owning everything, no debt, and other items of value discussed in the Prep section of the board would be a great foundational approach no matter what happens. Many don't want to learn what bitcoion is in that regard. Last year I actually considered owning a small amount as a hedge. If SHTF I don't think I'm in any more danger not owning bitcoin.
Pretty easy to understand. Inflate the fiat dollars, repeat...
internationalman.com
How Inflation Destroys Civilization
Most people have no idea how bad things can get when the political-inflation cycle spirals out of control, let alone how to prepare.
No, it is not government digital currency. It is under control of the government. It is not completely anonymous and it is tracked down to the last Satoshi. How else would the FBI seize tens of millions worth of Bitcoin from ransomware fraudsters? Speaking of Satoshi, does anybody know who “he” actually is? A mysterious computer-based currency created by some unknown person with no background does not necessarily spark confidence in me, more like confidence game.
As mentioned above, while not government sanctioned, it is allowed to exist because it is taking advantage of manipulation of the digital infrastructure and is making a lot influential people rich, while simultaneously working out the bugs for the creation of the new CBDC.
It’s fake money - hell, it’s ALL fake money - but it’s the worst kind because you can’t hold it in your hand, you can’t freely trade with it without an intermediary, and it goes away at the flip of a switch.
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Yuan?
If the powers that be have their way, according to the doom and gloom pushers.
Definitely do not want a gov run imitation BTC.
This sounds too good to be true. That might be where you get some pushback from. That, and a refusal to consider/understand. You gotta admit, it’s a hard concept to wrap your mind around.
Completely depends on who wins, “the man” or “the people”. The man doesn’t want to give up his power, thus the invention of their cbdc. Take it as a complement that the government takes bitcoin as a threat.
I’m glad you’re here to defend what you believe in, but don’t worry about getting too wrapped up with those that don’t want to go whole hog in with it.
I bought $100 worth on the first big rise, maybe about 12k? It’s been a few years and I don’t really care that much to keep track. It’s worth $159 today, hadn’t looked at it in a while. Just like the idea of owning a bit. Maybe someday I’ll be more interested in it, but I’ll most likely just be the average guy behind the eight ball when the time comes.
You actually believe when the .gov comes out with its version of digital currency, others will be allowed. That's laughable.
The only other digital currencies that will be allowed will be other governments form of digital currency.
dieselrealtor
Master
Tangibles don't rely on electricity, internet connection, social credit score, permission or any such thing.
Tmobile had a total blackout in part of Morgan County for about a day a few weeks ago.
After a tornado 19 or so years ago, power was out for days.
After flood in 2008, power & gas was out for days.
I get it that you are excited about it, something to think about is that if during good times without a lot of uncertainty it can't be sold to those who aren't sold on it, how will it be during crisis when people are confused & scared?
Tmobile had a total blackout in part of Morgan County for about a day a few weeks ago.
After a tornado 19 or so years ago, power was out for days.
After flood in 2008, power & gas was out for days.
I get it that you are excited about it, something to think about is that if during good times without a lot of uncertainty it can't be sold to those who aren't sold on it, how will it be during crisis when people are confused & scared?
What happens when "the net" is taken down? Or even large portions of it? Yes, traditional "electronic" banking will be taken offline but so will digital currency. My cash, gold and silver will remain "online" though.
manifest destiny
Master
All true, right now. But .gov can sure as **** outlaw bitcoin and punish those who use it illegally. That, I think, demonstrates the biggest flaw with bitcoin. You can still have your bitcoin and still use it with others who believe it has value. The Man, however, can call it contraband and drop the ****ing hammer on you if/when discovered. I'm not against bitcoin per se, I just don't value it. So if SHTF and you get hungry you're gonna have to bring something of value (to me) to buy my bag of beans, so to speak.
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