Legal Counterfeiting
Central Banks and Slavery
Efrat Fenigson’s interview with Robert Breedlove is worth watching if you’re relatively new to Bitcoin or, more importantly, if you’ve forgotten why you were first attracted to it in the first place. Breedlove describes himself as a ‘Freedom maximalist’ - and, by definition, someone who feels compelled to question centralised power structures.
The interview covers a lot of ground. But I found his analysis of why fiat currency leads to wars particularly insightful. He also talks at length about how central banks systematically, and monopolistically, counterfeit money through money printing. And this leads to a section where he discusses how counterfeiting (and resultant inflation) is an exercise in stealing time from citizens - creating a de facto form of enslavement.
Central bank corruption of money, he argues, is “corruption of the soul of humanity”.
His arguments for bitcoin are also brilliantly framed and eloquent. “Bitcoin doesn’t suffer from the transaction limitations of gold,” he argues. But he goes further. The rules that define bitcoin create a legal system that’s fit for all. It takes away the tendency for so-called “custodians” to coin-snip (during the gold standard) or to over-print fiat.
It’s clear that Robert regards fiat money and central banks as bad enough. But Aaron Day, writing for the Brownstone Institute, reserves his particular wrath for Central Bank Digital Currencies:
The concept is simple yet profound – a digital currency issued by the government that can be programmed with specific rules. For instance, your savings could be frozen if your online activities don’t align with governmental standards, or mandatory spending could be enforced to stimulate the economy. This level of control could extend to everyday choices, dictating the groceries you buy or the vacations you can access, all based on a digital scoring system.
In this piece, Day argues that a number of CBDC-related trials had bizarre links to Jeffrey Epstein.
Epstein’s link to the MIT Multimedia Lab, which played a pivotal role in significant CBDC trials and influenced changes to Bitcoin’s functionality, suggests a narrative far from the revolutionary currency Bitcoin once was, and potentially melding it into a tool for the elite.
We hope to interview Aaron Day in the coming weeks to discuss his article.
Whitney Webb, the investigative journalist who published a two-volume book on Epstein’s lesser-known activities and his links to establishment organised crime, also co-authored this piece (with Mark Goodwin) that details FTX involvement in so-called “stablecoins” - dollar-pegged cryptocurrencies that turned out to be not so stable.
The article suggests that FTX and its partners were creating CBDC trials and “public-private digital dollars” - fully encouraged by the money-printing establishment.
These three pieces show the extent to which the establishment has a vested interest in maintaining dollar hegemony. Highly recommended reading and watching. And we’ll be covering this topic of central bank theft and bitcoin as off-ramp in much more detail on this site in the coming weeks.