Despite rigorous and adamant denials from politicians and central bank officials, we all know it, we all feel it: inflation is ramping up at an alarming rate. This is a no-brainer: more money chasing after fewer products means that every dollar will be worth less...
source: YouTube
What we've seen over the past year and a half is unprecedented in history, as the world-wide pandemic has caused the perfect monetary storm. On one hand governments and central banks have had the money printers running overtime in order to provide relief to the millions of citizens who couldn't go to work or lost their jobs, as well as the businesses that had to pause or greatly reduce their activities. And on the other hand we've seen major supply chain issues, causing fewer products reach the store shelves. Now, this wasn't as big a problem during periods of rigorous quarantine mandates; people who stay at home consume a lot less after all. However, problems arise as soon as people start to regain their freedom; suddenly there's a lot of that extra money chasing after significantly fewer products.
On this platform we're all familiar with the single best hedge against inflation, as we're all into cryptocurrencies. Bitcoin is the ultimate deflationary store of value, because we know there will never be more than 21 million bitcoins. With bitcoin, there will never be more money chasing after fewer products, because there will never be more money. That's also why bitcoin's price can only go in one direction, which is up. We all know it, and increasing numbers of politicians, banking officials and multinational CEO's know it. We, early adapters of bitcoin and other cryptocurrencies, are vindicated in our belief that decentralized money on the blockchain is the way of the future. And we, the crypto-community, have done all the hard work to finally let the rest of the world see that cryptocurrency is much more than nerdy fad. This is a good start, but there's a big struggle ahead of us...
You see, all our hard work of mainstreaming bitcoin and other cryptocurrencies over the past decade is in danger of being undone by the very institutions that bitcoin sought to combat; Central banks are now preparing to release their own cryptocurrencies. This is the CBDC heist I'm referring to in the title. CBDC is short for Central Bank Digital Currency. Note that it's NOT Central Bank Cryptocurrency! The CBDC's will make use of blockchain technology, but it will not be decentralized. And this puts us all in great danger of central banks and governments gain even more power over us. Blockchain technology is for a great part what makes cryptocurrency, and the reason why is best encapsulated in this popular motto: "what happens in blockchain stays in blockchain." All cryptocurrencies are a immutable digital decentralized ledger of all past transactions. Immutable and DECENTRALIZED. CBDC's will be equally immutable, but CENTRALIZED. I hope you can immediately see the problem here.
Recently it has come to the surface that higher-ups at the American Central Bank, the FED, have been guilty of insider trading during this unprecedented period in monetary history. There are clear indications of trades they made just before information was released to the public. Elizabeth Warren from the Democrat Senate is known as a warrior against the deregulated criminals at banks and hedge-funds, so she was up-front and loud in her condemnation of this behavior. But she's no hero. Warren was also up-front and loud in condemning bitcoin and, by extension, other cryptocurrencies, the one true path to freedom from the central banking system. And she specifically denied two things: one is that inflation will become a major problem, and two is that bitcoin will never be a hedge against inflation. "The idea that they're somehow a protection or a hedge, I don't think that's going to be borne out over time," were here literal words when commenting on bitcoin in a CNBC interview published on July 28 2021: Sen. Elizabeth Warren shoots down a key reason investors buy bitcoin, calls for tighter regulation.
On top of that, Warren is one of the government officials at the forefront of promoting CBDC's. Now that we have done all the hard work of getting bitcoin and alt-coins accepted in the mainstream, the powers that be will now use that acceptance to promote their own centralized blockchain-money. Warren's stance shows us exactly what's going on here: they always knew how revolutionary and reliable blockchain technology and associated currencies are, they just don't like the decentralized nature of them. We must fight this. It'll come down to us to let the world know that CBDC's are just the latest scheme by the world's ruling class to increase their power over us, and this article is one small contribution to that cause. Warren et al promote tighter regulation of true cryptocurrencies under the guise of protecting small investors, while advocating for central banks to have their own centralized immutable ledger with all our transactions and information; she's one of many wolves in sheep clothing. Watch the below linked video for a deeper dive into this subject, and stay vigilant!
Fed SCANDAL!! What This Means FOR YOU!!
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