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posted by alias Charlie Frye on Saturday 8th of January 2022 04:52:25 PM

America was founded on liberty and independence — not government coercion, domination, and control. We are born free, and we will stay free. Tonight, we renew our resolve that America will never be a socialist country.” - President Donald Trump 2020 State of the Union Address -------------------------------------------------------------------------------------- "Hundreds of thousands of ruble notes are being issued daily by our treasury. This is done, not in order to fill the coffers of the State with practically worthless paper, but with the deliberate intention of destroying the value of money as a means of payment… Experience has taught us it is impossible to root out the evils of capitalism merely by confiscation and expropriation… The simplest way to exterminate the very spirit of capitalism is therefore to flood the country with notes of a high face-value without financial guarantees of any sort. … The great illusion of the value and power of money, on which the capitalist state is based will have been definitely destroyed.“ Vladimir Lenin New York Times (April 23, 1919) ------------------------------------------------------------------------------------- The U.S. central bank left interest rates unchanged at close to 0%, but a growing number of analysts in traditional markets are predicting the Fed might have to start hiking the benchmark rate to tamp down inflation at a time when U.S. consumer prices are rising at a clip not seen on a sustained basis in three decades. So If the Fed stays the course and tilts hawkish on inflation, bitcoin might look incrementally less attractive as a hedge against dollar debasement, and the cryptocurrency’s price could come under downward pressure similar to the predictions for the stock market. Bitcoin’s price briefly dropped after the statement but by press time was essentially unchanged around $62,300. - Coindesk November 3, 2021 --------------------------------------------------------------------------------- Bitcoin Price (BTC) $41,570.72 - January 8, 2022 -------------------------------------------------------------------------------- “You will not be able to pay your taxes in Bitcoin. You have to pay them in dollars. If you don’t pay them with dollars, there will be people who will show up with guns to make you pay them.” Coercion is what holds the U.S. dollar system together. “Tax-driven money” is the phrase that economists use to describe the theory. It applies to all sovereign currencies — such as the yen, the euro and China’s renminbi." - Peter Theil (Co-founder of Paypall) ----------------------------------------------------------------------------------- The winds of change are blowing in every direction - so be vigilant - don't get caught up by the whirlwind.

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  • Published 01.29.23
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