Will Digital Currency Replace the US Dollar? Wall
Street Strategy to Make Bitcoin the Global Currency?
By Matthias Chang
Global Research, December 10, 2013
http://www.globalresearch.ca/will-digital-currency-replace-the-us-dollar-wall-street-strategy-to-make-bitcoin-the-global-currency/5361021
Future Fast Forward
http://www.futurefastforward.com/component/content/article/8957.html
http://www.911forum.org.uk/board/viewtopic.php?p=166253#166253
Bitcoin – The Potential Monsanto of Digital Currency?
Its ultimate objective is to control, control of
the “alternative currency” when the Petro-Dollar
collapses. Bitcoin is “GMO Money”!
In my last article posted on 22nd November, 2013
to the website, www.futurefastforward.com
entitled ?Bitcoin – The Flipside Of Bernanke‘s
Digital Money =Printed / Created‘ Out Of Thin
Air?, I promised to write a more detailed account
of Bitcoin after you, the readers have embarked
on your own research and revert to me on your
findings. Let us now compare our respective research.
From my research, I have come to the following conclusions.
The Premise for Bitcoin
Bitcoin started quietly, almost a non-event, but
lately (especially in 2013) it has been
aggressively promoted by Mainstream media, but
more importantly by some very important and powerful financial elites.
This ought to alert anyone who is concerned about
the state of the dying global fiat money system.
To me, this is the irrefutable admission by the
financial powers that there has been in place a
strategic plan for the replacement of the US
dollar as the global reserve currency and a
restructuring of the global fiat (paper) money
system with a global fiat (digital) money system – Bitcoin.
It is also important to note that just as the US
dollar (the lynch-pin of the fiat monetary
system) is being buttressed (?backed?) by oil
(energy) giving rise to the Petro-Dollars, the
new global monetary system based on Bitcoin is likewise buttressed by ?energy.
In my book, “The Shadow Money-lenders and the
Global Financial Tsunami” which is a compilation
of all my email ?Red Alerts? which I had sent out
to friends all over the world from 2006 to early
2008, I had warned of the impending collapse of
the fiat money system in 2007. I had also warned
of the intense currency wars that would follow. This has all come to pass.
The introduction of Bitcoin is another admission
that the financial powers are also considering
the replacement of the FED as well as the central
banks of the developed economies (i.e. ECB, BOE,
BOJ etc.) sometime in the future and substitute
the control by central banks with super-super
computers networking the global economy
controlled by a handful of techno-corporations
and behind this front, the power of the 0.01 per
cent financial elites. Let me assure you that this is no conspiracy theory.
The template may or may not follow Monsanto‘s
control of the global food-chain via the control
of seeds, the ?currency of the food-chain?. It is
sufficient to bear in mind that what is necessary
is to control the technology that creates
Bitcoin, the ?monetary seed? for the new financial system.
Bitcoin is the latest financial weapon of the
global financial elites in the present intense
currency war and will be used by the financial
elites aligned with the Western Axis to compete
against the gold–backed currencies of countries
led by China and Russia! The Western Axis powers
hope to triumph over the powers of the
gold-backed currencies through the global
internet matrix. But, I have my doubts.
The Strategy to Make Bitcoin the Global Currency
To replace the present fiat monetary system, the
global financial elites have employed the following strategies:
? To demonise Gold and depress the true value of gold;
? To promote Bitcoin as the ultimate alternative
currency by price manipulation; and
? Energy (oil, gas & computer power) to back Bitcoin.
In the first phase of this grand strategy, the
Controllers of Bitcoin have decided to focus on
the markets of the developed world. This is
common sense as the technological infrastructure
is already in place in the developed world.
In this phase, the Controllers would by-pass the
global banking institutions and will focus on the
existing alternative payment systems widely used
in internet marketing such as PayPal, E-Bay,
MoneyGram etc. This is because, Bitcoin can only
survive and grow in the internet environment as
it is a technology-based currency. Bitcoin cannot
be used in the same way as fiat paper money is
used. It is not a “cash” currency. It is digital!
This makes sense because in our daily lives, more
and more transactions are being facilitated
through the internet, our mobile phone, credit
cards etc. Paper money is used less and less.
In the Second phase, and after assuming total or
near total control of all internet markets, only
Bitcoin would be accepted as ?legal tender? for
payment of goods and services. No Bitcoin, no
sales for goods and services! The Controllers
would not need any laws to compel full compliance
as in the present case with fiat paper money when
laws must be enacted to compel acceptance of
paper money as ?legal tender? in full discharge of all debts!
In the final phase, it is my belief that banks
will be transformed from their present form and
structure to be inter-alia ?Bitcoin Exchanges or
Clearing House?. This is one of the items in the Controllers‘ Wish List.
This is indeed a very elegant structure and it
will surely appeal to all reformers who are
against central banks, the present structure of
global banking institutions and paper fiat money.
The call to end government / Central Bank control
of money would no doubt be greeted with
enthusiasm and relief given the present policies
of the FED and other central banks enriching Wall
Street and the 0.01 per cent of the global population.
The debasing of global currencies is being
carried out with the approval and connivance of
the global financial elites as a prelude to the
use of Bitcoin because the present financial
architecture can no longer be sustained. The
debt-based fiat money system is so toxic that it is beyond repair.
A Utopia of Equality or Jumping from the Frying Pan to the Fire?
A good starting point in this discussion is to
know about the origins of the internet since
Bitcoin can only survive and grow in such an
environment (I am merely simplifying the
discussion to avoid unnecessary technical jargon).
Let me quote Wikipedia:
The history of the Internet began with the
development of electronic computers in the 1950s.
The public was first introduced to the concepts
that would lead to the Internet when a message
was sent over the ARPANet from computer science
Professor Leonard Kleinrock’s laboratory at
University of California, Los Angeles (UCLA),
after the second piece of network equipment was
installed at Stanford Research Institute (SRI).
Packet sitched networks such as ARPANET, Mark I
at NPL in the UK, CYCLADES, Merit Network,
Tymnet, and Telenet, were developed in the late
1960s and early 1970s using a variety of
protocols. The ARPANET in particular led to the
development of protocols for internetworking, in
which multiple separate networks could be joined
together into a network of networks.
ARPANet:
The Advanced Research Projects Agency Network
(ARPANET) was one of the world’s first
operational packet switching networks, the first
network to implement TCP/IP, and the progenitor
of what was to become the global Internet. The
network was initially funded by the Advanced Research Projects
Agency (ARPA, later DARPA) within the U.S.
Department of Defense for use by its projects at
universities and research laboratories in the US.
The packet switching of the ARPANET, together
with TCP/IP, would form the backbone of how the
Internet works. The packet switching was based on
concepts and designs by American engineer Paul
Baran, British scientist Donald Davies[ and
Lawrence Roberts of the Lincoln Laboratory. The
TCP/IP communication protocols were developed for
ARPANET by computer scientists Robert Kahn and Vinton Cerf.
Should we be really surprised by Edward Snowden‘s
exposé that NSA in conjunction with other
intelligence establishments have total control of
all communications through the internet, smart phones etc.?
What about some of Bitcoin‘s technologies?
Are they also based on intelligence establishments‘ technologies?
You Bet!
One of the technologies is derived from the US
Intelligence establishment - the objective is to
ensure that communication between operatives would remain anonymous.
The program that ?hides user identities? is TOR,
developed by the US Naval Research laboratory and
endorsed by Senator Hillary Clinton (Schuman's
former co-Senator from the state of New York) as
?an important tool for freedom of expression
around the world?. Indeed, the TOR Project claims
that over 80% of its funding in 2012 came
directly from the U.S Government [Source: Tor Project Annual Report 2012]
Therefore, it is contended that by using this
particular technology, transactions between two
persons using Bitcoin would also be anonymous!
This assumes that the inventor of the technology
would not be able to access such transactions and
discover the identity of the users. Founders of
Facebook, Google, Yahoo, Skype etc. are promoting
Bitcoin. And these companies have all been used
by the NSA to gather your personal details.
The Controllers of Bitcoin are marketing Bitcoin
as the latest development of Edison’s Dollars,
the financial proposal of the great inventor
Thomas Edison who during the 1920s depression
opposed the Federal Reserve‘s control of the US
dollar and introduced a new concept to help
farmers get interest free financing for their
harvest. It was a commodity-based ?currency.
According to Edison: ?
…the relative value of the earth‘s produce
appears to be constant, a money unit representing
basic commodities and nothing else would be
equally constant, that…and further, since the
relative value of the earth‘s produce is constant
there is no reason why the farmer should not
finance himself, as the gold miner does, simply
by turning his output into money directly.? (Source: New York Times, 1922.)
Thomas Edison wanted to reduce the power of the
FED. Instead of centralising power in the hands
of the FED, Edison wanted to decentralise the
control of money across 36 commodities and 12
warehouses that stores these commodities so as to
enable interest free financing for the farmers.
Therefore, comparing Edison‘s dollars to Bitcoin
is like comparing chalk and cheese!
To hoodwink the public about the history of
Edison‘s dollars, the Controllers refer to three
economists that supposedly laid the basis for
Bitcoin and how they would get rid of the FED –1)
Irving Fisher, 2) John Maynard Keynes and 3) Dr.
Milton Friedman. The mouthpiece of this
historical revisionism is none other than Michael
Robinson, a Pulitzer Prize nominated financial
journalist, as well as an adviser to some venture capital funds.
Yet, these three economists are ardent supporters of fiat money and the FED.
Therefore, the theoretical foundation for Bitcoin
is in fact the fiat money system as we know it today.
What the Controllers are advocating and as I have
been saying for so long, is the replacement of
one kind of fiat money (paper fiat money) with
another kind of fiat money (digital fiat money)!
If the Controllers are following the teachings of
the abovementioned three economists, there cannot be any other conclusions.
Michael Robinson attributed Dr. Milton Friedman
as saying, “We don’t need the FED. Replace the
FED with a computer… that would print a specified
number of paper dollars, same number month after
month, week after week, year after year…”
So, here we have the great idea allegedly from
Dr. Milton Friedman, replacing the FED with a
computer. It begs the questions, ?Who controls
the computer?? Surely, if a specified number of
paper dollars are to be printed, month after
month, week after week, year after year what is
there to prevent the Controller of the computer
to change the number of paper money to be printed
and the frequency of the printing? After all, the
Bitcoin system is such that no one knows who actually controls the system.
It has been said that the original amount of
Bitcoins that has been ?mined? (i.e. created by
the computer) is only 21,000,000 (21 million).
This is to convey the impression that Bitcoin is
limited and cannot be created out of thin air.
The Controllers must take us for fools, as there
is absolutely no difference between Bernanke
creating digital money out of thin air by a click
of a computer mouse and Bitcoin being created
likewise by a click or several clicks of a computer mouse.
Then comes the sales pitch. If you ?invest? (buy)
Bitcoins early (or has bought them in 2009) you
would be very rich now, as the price of Bitcoin
has skyrocketed to over US$1,000. And the price
could go as high as US$100,000. This is a Ponzi
scheme. The inner circle or ?founders? who
created the initial amount of Bitcoins (not more
than 21 million Bitcoins, valued at US$1 per
coin) would have made a killing in the Bitcoin market.
There is absolutely no difference to Bernanke‘s
FED launching QE 1, QE2, Twist, QE3 which
benefited in the first instance the fat cats of
Wall Street (who paid themselves huge bonuses
amounting US$Billions) before the money starts
trickling down to the masses. And when the money
reaches Joe Six-Packs, the purchasing power of
the paper money or the FED‘s digital money would have depreciated sharply.
The FED‘s monetary base up till 2008 was a mere
US$800 billion + or – 5 per cent. It was somewhat
limited (like the 21 million Bitcoins). Then the
FED and Wall Street got greedy and it is now over
US$ 3 trillion! Source; Money & Markets
Up to the time of the Lehman Brothers bankruptcy
the FED’s monetary base stood at $849.8 billion.
As at October 30, 2013 it has risen to a whopping
$3,607.7 billion. That’s an expansion of $2,757.8
billion — over $2.7 trillion. This $2.7 trillion
expansion has all taken place within just six
years and one month. And it is continuing at the
pace of US$85 Billion per month. Source: US Federal Reserve Bank
It would be very naïve for anyone to think that
the private corporations that controls Bitcoin,
having made US$ Billions in less than a year
would not aspire to make US$ Trillions by
?mining? (i.e. creating) more Bitcoins, no
different from the FED‘s QE programs. Better
still the Controllers do not even have to account
to anyone for any additional amount of Bitcoins
thus created as no one would be wiser.
Bitcoin supposedly backed by “Energy”
The Founders and Controllers of Bitcoin say that
Bitcoin is ?backed by energy? in that in the
future scenario, all energy consumption would
have to be paid by Bitcoin. This sales pitch is
no surprise to me as energy (oil and gas) keeps
the global economy humming – we need energy to
drive our cars, light up our buildings, keep our
homes warm and cozy during winter, to cook our
food etc. And since Petro-dollar is no longer in
fashion it would surprise no one that the Seven
Sisters (i.e. the seven largest oil companies in
the world led by Exxon) would want a big slice of
the pie, more so when it is ?Made in the USA?!
So Petro-Dollar is replaced by Bitcoin!
Guess who are also very eager about Bitcoin?
To name a few – Warren Buffet (the insiders‘
insider), Bill Gates (?It‘s a techno tour de
force.?) and Eric Schmidt, Chairman of Google
(It‘s changing society?). These three and the
other members of the 0.01 per cent have already
cornered the Bitcoin Ponzi scheme. If you are one
of the late-comers, you are one of hundreds of
thousands being led to the slaughter house.
Do you for a moment think that these guys would
change the FED for a computer if they are not in control?
Conclusions
Given the above scenario, it is my belief that
the next global war would be fought in Cyberspace
– a cyber war that would destroy economies by
paralysing the financial system, specifically the payment system.
However, I am placing my bets on a Gold-Backed
Monetary System for when the Bitcoin Ponzi scheme
is exposed people will scramble for gold and gold-backed currencies.
Just imagine watching your computer digits
VAPORISED BEFORE YOUR EYES and there is nothing you can do about it.
All your transactions are anonymous. The only
evidence that you have Bitcoins is in your
?Bitcoin computer ledger? or your ?Bitcoin
wallet?. It is not in a vault. The money trail is
wiped out. Who do you complain to since the
reason you went into Bitcoin is to maintain your
anonymity, your privacy and as the promoters of
Bitcoin keep touting – to escape from the taxman?
Come back to reality!
Don‘t believe the hype from Mainstream media such as:
Forbes – “The currency of a US$10 trillion global
market. Mankind is better for it.”
Time Magazine – “Governments couldn’t debase
it. Banks couldn’t blow it. Perfect money!”
Fox Business – “May become the world’s payment method.”
MasterCard has jumped on the bandwagon –
“Desperate times call for desperate measures.”
They know that the petro-dollar is dying and soon
would be dead. They need a quick replacement.
Uncle Sam does not have gold. Next best
alternative, and the sales pitch – virtual gold!
When people such as Lisa Shield, VP of the
Council for Foreign Relations are pitching for
Bitcoin, you know that the elites of the N.W.O. are really desperate.
The writing is on the wall.
Petro-dollar is being replaced!
The US$ as the global reserve currency is dying!
It has been contended by some analysts that the
future global currency war would be between
Bitcoin versus Gold-backed currencies. I have my
doubts, but make no mistakes the next war will be a war for currency supremacy.
Countries of the developing world like Malaysia
with little or no gold reserves would be devastated.
There is still time to accumulate gold, but not much.
Whatever the future scenario, we better be prepared for it.
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--
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Please consider seriously the reason why these elite institutions are not discussed in the mainstream press despite the immense financial and political power they wield?
There are sick and evil occultists running the Western World. They are power mad lunatics like something from a kids cartoon with their fingers on the nuclear button! Armageddon is closer than you thought. Only God can save our souls from their clutches, at least that's my considered opinion - Tony
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