Crypto is Under Attack. What Does that mean & what should we do?
Published January 28th, 2022
What many who know their history about the US government’s relationship with currencies used as alternatives to the US Dollar has come true: the government is going after cryptocurrencies.
“The Biden administration is preparing to release an executive action that will task federal agencies with regulating digital assets such as Bitcoin and other cryptocurrencies as a matter of national security, a person familiar with the White House’s plan tells Barron’s.
The national security memorandum, expected to come in the next few weeks, would task parts of the government with analyzing digital assets and assembling a regulatory framework that covers cryptos, stablecoins, and NFTs, or non-fungible tokens, this person said.
‘This is designed to look holistically at digital assets and develop a set of policies that give coherency to what the government is trying to do in this space,’ the person said…
The White House National Security Council would also be involved, the person said, since crypto has economic implications for national security. Along those lines, the administration would instruct agencies to work on harmonizing regulations of digital assets between countries.
‘Because digital assets don’t stay in one country, it’s necessary to work with other countries on synchronization,’ the person said.”
It makes sense that they use national security as an excuse. The media has been painting cryptos as a tool utilized by those in the far-right to receive funding since many have been cut off from services like PayPal. While that is true, crypto is utilized by many people, regardless of ideology. Some celebrities and athletes even promote it. Any rational person should see this, but sadly there are not that many rational people in America. Because of that, the media’s slander against crypto has definitely been a tool of propaganda utilized by the government, which is only used to deceive people.
The fact that they want to work with other countries to regulate it around the world is what is truly scary. One who knows how foreign entanglements work, and why they are used to induce international merger, can see what the US government along with many other governments around the world ultimately have planned: a one-world currency to bring in and be utilized for the benefit of the New World Order.
In conjunction with this, and aiding their ultimate plan, the Federal Reserve is looking to establish their own cryptocurrency. What makes it different from the cryptos the government is looking to regulate is that the Fed’s crypto will be forced on us and will aid them in robbing us of our purchasing power even more. It will also be used as a sort of social credit system, meaning if you do things or purchase stuff the government does not like (because they will then be able to see whatever we spend our money on, and they will use it against us in any way imaginable,) they can take money away from you in the blink of an eye.
What should Americans do to protect themselves if this happens and they wish to barter under the table? Well, history recommends gold and silver. They can be utilized as investments where you can sell them for profit when the market for them increases, and even insurance in case the worst comes to the worst here in America. Some even recommend acquiring junk silver, which is US quarters and dimes made before 1964 and contains 90% silver because they can be used in a barter economy.
History is on gold and silver’s side since they have been the most stable currencies and given people the best purchasing power. They have also been great hedges against inflation, proven by their huge increases in value against the US Dollar since we went off the gold standard. With the threat of a cashless society facing us, we should keep some cash just in case it has a rise in value when the US Dollar turns to crypto. (Who knows though, the government may try to decree them worthless, but hey that could actually give them more value!)
Silver may be the better purchase for Americans right now as it is much cheaper than gold and silver holders can stack them for reasons such as prepping or flipping for a profit. If you are looking for the best store of value over time, gold is historically less volatile, so it may be a great store of value for the future that (and it goes without saying,) will increase in value and give those who own gold added wealth.
Economic transactions are a huge part of everyone’s life. Without it, we would not be able to get things we need but cannot produce ourselves, which would definitely make our lives harder. We should protect the privacy of our economic transactions, as well as the ability to make them possible with a strong currency. It does take lots of action in order to make that happen, but it also takes a lot of educating yourself and others.
As said before, history is on gold and silver’s side. Evidenced by their history and what they have been doing recently not just in domestic affairs but foreign as well, the US empire is on the wrong side of history. Do not let yourself become a victim to them, or their potential demise.