
Crypto Bail Out
As always, I like to share my thoughts/ideas/theories on this platform first.
5EP above all other sites I've used is BY FAR the most deserving site for free thought and intelligent thought, etc. to be shared "here first".
There is no other site I want to see more and more people come to for the purpose of engaging in great dialogue and also as a place to find the most recent and relevant news established across the www. So many other sites I go to frequently share both old news and also never ending nonsense stories, which are likely designed to simply generate clicks for data mining/profiteering purposes. Here at 5EP though, we the users (particularly subscribers) have much more involvement in what is and isn't shared and we're not afraid to tell each other what we think. And of course, even better, the host/owner of the site has been involved in the Freedom/Truth movement for a long period of time already...
Anyway, enough promoting this site - on to my exclusive theory:
We all know that the One World Government, posing as multiple Governments in multiple countries, really want to introduce a digital currency (be it a singular world currency or multiple digital currencies to begin with). But there always needs to be a mechanism (or multiple) to get the people to embrace it. One such mechanism is a Universal Basic Income (UBI), which has been discussed in various places. This is something which needs to be avoided at all costs, as anybody with half a brain should know that income does not come free. You need to be productive to gain an income, for the purpose of looking after yourself and your family and for the purpose of expanding your property/possessions, etc. The true cost of a UBI is that those who accept it become categorised as useless; as leeches on the system. And with the big ideological shift in progress where we need to look after the planet and reduce our spread across the planet, reduce our 'carbon' emissions, etc. it doesn't take many leaps of the mind to realise that once you are categorised as useless, whilst at the same time as being a leech on the planet, there is sound reasoning to remove you. Anybody who chooses a UBI is literally asking to be part of a depopulation agenda of the future. But again, I'm rambling on things at least some of us already know...
The other mechanism, which is purely a theory I've thought of just recently is to offer a bail out / buy back scheme.
I've had an inkling suspicion that the Cryptocurrency phenomenon, which has taken a lot of the world by storm over the last few years has had some sinister purposes. It doesn't matter if a few people got rich doing it, this is just an acceptable consequence by "the elites" in their numerous steps taken to test a new means to an end. In the last few years, literally hundreds of millions of people have invested in crypto, many of whom have now lost large amounts of their investment. Those same people are now still encouraging others to join up, stating that "we are in a downward trend at the moment, but any time now, maybe in a month, maybe in a year, we will go back into a bull market and make huge profits again"...
But what if the purpose is to get as many people as possible to invest and lose even more! Should there be sufficient financial losses, this will put a large portion of people in a position where (like is always the goal of elitist strategies) the individuals need to rescued by their government. Create a victim and the victim will need to turn to someone or something (corporate govt) to "save them". A little bit of a Problem, Reaction, Solution scenario I guess.
And how better to save those with financial difficulties than to provide a buy back or bail out type scheme where citizens can exchange their decentralised crypto, like Bitcoin for a "safe" Govt run centralised digital crypto currency. The people are already in a dire state, with mass inflation, heavy interest rates, worsening work conditions, extra taxation, extra medical bills and then the cryto crash putting them to their limit, what else would they do but accept the "help". And that's all it takes. Even if it's only 5% of the population who take up the offer, the point is it will get the ball rolling and that's all the One World Government needs, is to get the ball rolling. Because once it's rolling, then the bought and paid for media will say how great the new currency is - a few of those who were "saved" will become "wealthy success stories", encouraging more and more people to get on board.
This is my theory anyway. You heard it here first - keep a look out for it!
Below will be a list, which I will add to over time of any discussions relating to Universal Basic Income or Government Digital Currency plans, etc.
Please feel free to share any with me in comments or by private message and I can add them to the list.
The Ponzi Scheme of UBI:
https://thenewamerican.com/world-ponzi-scheme/
This is a good little analysis of UBI - I just genuinely can't believe it's been written on 'Bush Centre' of all places!:
https://www.bushcenter.org/catalyst/are-we-ready/doar-universal-basic-income
A post I shared a while ago about China and it's Blockchain/Digital Currency:
https://5ep.net/posts/status-2021060115069
And also a story I did in 2020 on why cash is so important to keep:
https://5ep.net/stories/cash-must-not-be-lost-20200624#discussion
When you have a guaranteed income, you have more free time to focus on your addictions/vices. And what does that lead to?:
https://thenewamerican.com/there-are-no-rights-without-responsibilities/
UBI is a trait of a Socialism based society, so here is a small video on Socialism:
https://thenewamerican.com/socialism/
Propaganda piece, promoting UBI - Long Live 'Guaranteed Income'...:
https://www.technologyreview.com/2021/05/07/1024674/ubi-guaranteed-income-pandemic/
Maybe slightly off-topic; a discussion of freedom and debt (aka slavery):
https://thenewamerican.com/freedom/
UBI brings about more 'Equality' - but what is 'Equality' and where does it lead?:
https://thenewamerican.com/equality/
Just going to add this tweet here as well:
https://twitter.com/TheRevolutiLeni/status/1640220…
Twitter: TheRevolutiLeni
> Problem - Manufactured fear of the flu Reaction - Unnecessary panic Solution - Mandated jabs Problem - Vaccine Injuries Reaction - Demand for Compensation Solution? - High Compensation Payout BUT ONLY IF the compensation is accepted in the form a Central Bank Digital Currency?? — TheRevolutiLeni (@TheRevolutiLeni) March 27, 2023 [https://twitter.com/TheRevolutiLeni/status/1640220824664936449?ref_src=twsrc%5Etfw]
TwitterIf I had the time, I'd like to put together a history of step by step problem, reaction, solution - going from one incremental tyranny to the next until we reach where we are.
I wonder how far back in history we could take it (and with how many steps).
This is very interesting speculation TheRevolutiLeni. Thanks for the links to The New American site. They look good, even though Wikipedia unnecessarily categorizes it as a right-wing site.
https://en.m.wikipedia.org/wiki/The_New_American
Sent from my iPhone

The New American - Wikipedia
WikipediaI agree that I should have fast and various ways to pay with mobile and internet to get information and help sustainable and environmentally friendly innovators.🐇🐨
I totally agree with you in respect to UBI. When it comes to crypto the picture is not so clear. On one level you can view cryptocurrencies as a benign technological innovation. Many people compare it to the rise of the internet. The internet decentralised communication and cryptocurrencies have the potential to decentralise money. Proponents argue that cryptocurrencies are essentially decentralised and that this is their real revolutionary power. A central bank digital currency (CBDC) on the other hand is just a digital version of the fiat currency, albeit using the technology of real crypto in the process.
There are other ways of looking at this phenomenon. The word "crypto" is just a short form of the word "cryptography" which is the method by which transactions are kept secure and prevents digital coins from being counterfeited. There is no necessity for such a currency to always be decentralised - that is just the ideological preference of libertarians who were the first to embrace bitcoin and its offshoots.
Government by its nature always wants centralisation. Governments would like to centralise the internet itself, and they are still trying to achieve that goal. So governments are now trying to centralise crypto. This is happening in two main prongs:
1) Regulation of existing cryptos through enforcement actions which redefine most cryptocurrency tokens as "securities". This is being driven forward in the United States by the SEC.
2) Creation of CBDCs which will in the future be interchangable with a few select cryptocurrencies which have been "approved" as legitimate.
There are 2 cryptocurrencies right now which have the defacto blessing of the US Government: Bitcoin (BTC) and Ethereum (ETH).
These 2 "winners" will certainly be interchangable with CBDCs. Almost all other alt-coin tokens are according to SEC Chairman Gary Gensler, "securities" - which means they are equivalient to stocks and require specialised licences in order to be traded.
BTC and ETH are built on the same core software platform which was "invented" by the mysterious Satoshi Nakamoto whom nobody has ever met, in 2009 during the GFC. Bitcoin came first. Hundreds of other alt-coins (including Ethereum) started out as forks of BTC. The SEC arbitrarily decided to "anoint" BTC and ETH while casting aspersions on all the others, many of which are actually built on SUPERIOR TECHNOLOGY.
Many people believe that "Satoshi Nakamoto" is just a cover name for a secret group of well connected traders. I have no opinion on this. There is just not enough data to form an opinion, in my opinion.
What I do know however is that bitcoin will never serve as a viable currency because of technological limitations. After 10 years it is still functionally useless as anything other than so-called "digital gold".
I think this is why the SEC gave BTC and its cousin ETH a free pass. These technologies are dinosaurs and are headed towards obsolescence sooner rather than later.
HOWEVER - there are newer crypto platforms which do not have these technical limitations and could well serve as truly universal decentralised digital currencies. These are the ones that the SEC is attempting to crush through litigation using securities law.
This is the best website to use for comparing different crypto projects:
https://coinmarketcap.com/

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