Bitcoin, the war on cash, Clif High, and the NSA's long range plans

[ThePythonicCow]

Posted by Carmody (here)
I mean the crypto markets as they stand, today. No margin, no buying on margin.

Yes, the crypto markets of today don't have futures or shorting, in any straight forward and substantial way.

The new CBOE and CME futures markets do have margin, and the crypto markets themselves are both ripe for manipulation, and have the potential for extreme and rapid volatility that could disrupt the Bitconi futures markets.

We're in for a wild ride ... one of several potential sources of extreme entertainment in the coming year.

[apokalypse]

The gradual acceptance of digital currencies, with major exchanges about to launch bitcoin futures trading, may prompt some oil producing nations to ditch the US dollar in crude trade, an oil analyst says.

Russia, Iran and Venezuela have more than one thing in common. All three are major oil producing nations dependent on the dollar since the global crude market is traditionally dominated by contracts denominated in US currency.
https://www.rt.com/business/412619-r...ies-oil-trade/

i can see that coming countries using their own version of crypto for trades, i can see the end of USD and crypto being world currency.

Cboe and cme join bitcoin...is this a good thing or bad thing?

[ThePythonicCow]

Posted by apokalypse (here)
i can see the end of USD and crypto being world currency.

I see the decline and fall of the USD, as the world's reserve currency, in the next year or three, and the pervasive use of distributed blockchain technology (or some variant thereof) over the next few decades. I don't see cryptocurrency as being the primary threat to, or replacement for, the US Dollar. Rather the coming "new world monetary order" will continue to be essentially another form of debt-money controlled by the banksters of the elite bastards, and will extend through a variety of institutions such as we have now, or variations and descendents thereof, extending out into using distributed blockchain technology over time.

[ThePythonicCow]

Catherine Austin Fitts nails it, regarding Bitcoin, starting at the 27 minute, 30 second mark in this interview with Greg Hunter:

Source: https://youtube.com/watch?v=wcOM1e9blBI

She calls the current runup in Bitcoin price a psyop, to get the world's best and brightest coders and system engineers working on the world-wide technological infrastructure for digital currency and other digital assets, contracts and transactions, for cheap.

The lure of one's first million dollars is highly engaging trap (Fitts calls it an "entrainment") that is getting some of our brightest solving a tough problem. This will end up providing the technological basis for a critical (to the elite bastards) element of the new world order, which is a Matrix like pervasive digitized surveillance, control and entrainment grid.

The skyrocketing Bitcoin price is also useful at the present moment, helping to relieve pressure on gold and silver pricing.

[Callista]

I have been watching with interest this vid:

Source: https://youtube.com/watch?v=jdpt9imaMN8

where "Trader Boss" is advising on cryptos. He will not reveal his name, but on investigation, I found that he is Mike Novogratz. Here is an article about him from Bloomberg:

Mike Novogratz is reinventing himself as the king of bitcoin.

The swaggering macro manager who flamed out at Fortress Investment Group LLC is starting a $500 million hedge fund to invest in cryptocurrencies, initial coin offerings and related companies. Novogratz will put up $150 million of his own money and plans to raise $350 million more by January, mainly from family offices, wealthy individuals and fellow hedge fund managers, said a person familiar with his plans.

read more: https://www.bloomberg.com/news/artic...ncy-hedge-fund

[Czarek]

Mike Novogratz does not sound like this so called "crypto boss" if you are to compare the two videos. At least to me.

[Cidersomerset]

Bitcoin Futures Soar in Major Exchange Debut

https://www.youtube.com/watch?v=8hDFYwBtvpc
Published on 11 Dec 2017...Associated Press.
The first-ever futures contracts for the virtual currency bitcoin started trading at the
Chicago Board Options Exchange Sunday. The price has surged. (Dec. 11)

===================================================
===================================================

Bitcoin futures: Cboe CEO on the cryptocurrency’s debut on company’s exchange

Source: https://youtube.com/watch?v=b9fLtdTZ67w

Published on 11 Dec 2017...Fox Buis.
Cboe Chairman and CEO Ed Tilly on the company’s bitcoin futures launch.

===============================================
===============================================

Bitcoin bonanza: How to buy a house with the cryptocurrency

https://www.youtube.com/watch?v=aUshnVntiDM
Published on 11 Dec 2017...Fox Buis..
Samantha DeBianchi of DeBianchi Real Estate discusses how a
person could buy a home with bitcoin.

===============================================
===============================================

Bitcoin begins trading on the Chicago futures exchange

https://www.youtube.com/watch?v=zrBSwJ6cdoE
Published on 11 Dec 2017...RT
Bitcoin has begun trading on the Chicago futures exchange, with many seeing it as
a major step in legitimizing the cryptocurrency. This month Bitcoin topped a record
19 thousand dollars, a stunning advance considering it was worth barely a hundred
just four years ago. READ MORE: https://on.rt.com/8ufg

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Bitcoin Futures Trading Launches With Big Rally | CNBC

https://www.youtube.com/watch?v=-hTB3MDbygc
Published on 11 Dec 2017
Sarat Sethi, Douglas C. Lane & Associates; Matthew Goetz, BlockTower Capital
CEO; and Brian Kelly, BKCM, discuss the launch of bitcoin futures trading at the Cboe.

================================================
================================================

Cboe CEO Tilly on Launch of Bitcoin Futures Contracts

https://www.youtube.com/watch?v=WxlJV2Vgt0E
Published on 11 Dec 2017...Bloomberg.
Dec.11 -- Edward Tilly, chairman and chief executive officer at Cboe Global
Markets, discusses Monday's launch of the trading of futures contracts for bitcoin.
He speaks on "Bloomberg Markets: European Close."

[bluestflame]

Posted by Paul (here)

Posted by apokalypse (here)
i can see the end of USD and crypto being world currency.

I see the decline and fall of the USD, as the world's reserve currency, in the next year or three, and the pervasive use of distributed blockchain technology (or some variant thereof) over the next few decades. I don't see cryptocurrency as being the primary threat to, or replacement for, the US Dollar. Rather the coming "new world monetary order" will continue to be essentially another form of debt-money controlled by the banksters of the elite bastards, and will extend through a variety of institutions such as we have now, or variations and descendents thereof, extending out into using distributed blockchain technology over time.

the dots are there globally , various places pushing cashless cards, australian centrelink indue debit card ( targeting the ones least able to oppose it) then of course after pre arranged( successful trials ) ...renewed calls to not pay tradesmen cash in hand , ... all connected

[ThePythonicCow]

Posted by Paul (here)
Catherine Austin Fitts nails it, regarding Bitcoin, starting at the 27 minute, 30 second mark in this interview with Greg Hunter

A few days later, Catherine Austin Fitts continues on this topic, this time in an interview with The Dark Journalist.

She is observing that cryptocurrencies, like so many other technological advances that were originally hyped as good for the well being or freedom of the common person, end up being co-opted by a few big corporations, in league with big banking and big government, as yet another instrument of our enslavement.

Bitcoin is just such a technology, and its introduction over the last few years just such an operation.

They are selling us our further enslavement, as a way to achieve wealth and freedom.

Source: https://youtube.com/watch?v=85z5hkXVfE8

[ThePythonicCow]

Posted by Paul (here)
She (Catherine Austin Fitts) is observing that cryptocurrencies, like so many other technological advances that were originally hyped as good for the well being or freedom of the common person, end up being co-opted by a few big corporations, in league with big banking and big government, as yet another instrument of our enslavement.

Bitcoin is just such a technology, and its introduction over the last few years just such an operation.

They are selling us our further enslavement, as a way to achieve wealth and freedom.

Now Brandon Smith, another one of the best analysts of our time, sounds a quite similar warning, in his own way.

His article The Virtual Economy Is The End Of Freedom begins with the following words, warning that humanity is being tricked into losing their privacy, hence their remaining freedom, by "going digital", through such means as cryptocurrencies.

===============

There is one simple rule to follow when understanding the tragic history of economies: Never put blind faith in a system built on an establishment-created foundation. You would think this would not be a difficult concept to grasp being that we have so many examples of controlled economies and collapse to reference over the centuries, but in our era more than ever the allure of a virtual world with promises of endless wealth and ease is overwhelming.

Yes, I am referring primarily to cyptocurrency "tulip-mania" (sorry bitcoiners, the description is too fitting, it isn't going away), but not this issue alone. I am also referring to a far-reaching problem of which cryptocurrencies are a mere reflection. Namely, the fact that humanity is swiftly losing sight of what a true economy is and what it is supposed to accomplish. It is because of this reality that crypto is thriving.

First, let's be clear, fiat currencies are one of the first machinations of the virtual economy. Once paper currencies printed from thin air by central bankers were separated from tangible backing and accepted by the masses as "valuable" and worth trading labor for, the seed of financial cancer was planted. Today, there is one final step needed for the establishment to accomplish complete tyranny in global trade and that is to disconnect the masses fully from private transactions. In other words, we must be tricked into going digital, where privacy is an absurd memory.

===============

[Praxis]

The problem with what is happening now with bitcoin is simple.

It is supposed to be a means of exchange between the common person with no external interference.

The problem is people are treating it as an investment vehicle. This kills it.

Now people are just using it like they do the stock market. That is not the point of it.

[ThePythonicCow]

Posted by Praxis (here)
The problem with what is happening now with bitcoin is simple.

It is supposed to be a means of exchange between the common person with no external interference.

The problem is people are treating it as an investment vehicle. This kills it.

Now people are just using it like they do the stock market. That is not the point of it.

Bitcoin is being hyped as a means of private exchange between common people.

It's also being driven by greed for once in a lifetime profits.

Both of these, the hype and the manic greed, belie the underlying reality of the situation, and true intentions of those in control.

That's a key point that I've been making in this entire thread: Cryptocurrencies are another tool of our enslavement, and the operation is going quite well (for the elite bastards) so far.

[Anchor]

Posted by Praxis (here)
The problem with what is happening now with bitcoin is simple.

It is supposed to be a means of exchange between the common person with no external interference.

The problem is people are treating it as an investment vehicle. This kills it.

Now people are just using it like they do the stock market. That is not the point of it.

Agree in principle.

It is a means of exchange, the problem is that what is exchanged then goes on to be exchangeable for fiat - this is what kills the spirit of the thing (for the moment).

In my envisioned utopia of the future (or at least during the transition to it), we will all need to share our stuff.

Sharing, especially globally, does require some means for solving hard administrative and logistical problems - especially when the level of trust is necessarily far from 100%.

Blockchain technology and crypto "currency" implementations are perfectly designed for this problem.

Right now though, it is in its formative stages.

Caveat emptor.

[MorningFox]

Posted by Paul (here)

Posted by Praxis (here)
The problem with what is happening now with bitcoin is simple.

It is supposed to be a means of exchange between the common person with no external interference.

The problem is people are treating it as an investment vehicle. This kills it.

Now people are just using it like they do the stock market. That is not the point of it.

Bitcoin is being hyped as a means of private exchange between common people.

It's also being driven by greed for once in a lifetime profits.

Both of these, the hype and the manic greed, belie the underlying reality of the situation, and true intentions of those in control.

That's a key point that I've been making in this entire thread: Cryptocurrencies are another tool of our enslavement, and the operation is going quite well (for the elite bastards) so far.

Hi Paul, apologies but I don't have time to read through the whole thread. How do you think this is another tool of our enslavement exactly? I saw your post above about privacy and not sure I agree with it.

Would be great to get a summary or be linked to posts you've already made, if you wouldn't mind.

[apokalypse]

Posted by Praxis (here)
The problem with what is happening now with bitcoin is simple.

It is supposed to be a means of exchange between the common person with no external interference.

The problem is people are treating it as an investment vehicle. This kills it.

Now people are just using it like they do the stock market. That is not the point of it.

this is exactly how i really feel ever since i heard about crypto back in the day 2012-2013....always being skeptics with open mind about crypto as currency and never believe going to work due to human flawed or greed not the system itself. First when i saw about bitcoin video gave me a bad vibe for some reason..using issue with fiat currency selling BTC.

this thread popup in my mind when ever hearing solution... projectavalon.net/forum4/showthread.php?79456-Why-No-System-Will-Work--Anarchy-Capitalism-Communism-Socialism

when btc was under $1k a friend keep telling to invest in it but not into it, i know btc going to increase overtime but still not into it...my mind keep thinking about btc should be use as payment or currency . if i have mind of investment i could retire early.

[ThePythonicCow]

Posted by MorningFox (here)
How do you think this is another tool of our enslavement exactly?

Catherine Austin Fitts, in her two interviews above with Greg Hunter and the Dark Journalist, explains it quite well.

Those, including a wee bit myself, who have been trading in cryptocurrencies will have experienced the following:

• Yes, if both you and I had our own wallets (controlled our own keys), then we could send each other some Bitcoin or whatever other alt-coin our wallets supported, independently of (surveilled by, but not controlled by) the authorities.
• However, we cannot easily get real value, real goods and services, or accepted payments for real debt, taxes, fees or utilities, without going through cryptocurrency exchanges.
• These cryptocurrency exchanges are notoriously subject to hacking, fraud and other losses.
• These cryptocurrency exchanges are increasingly subject to banking regulations such as Know Your Customer (KYC) rules in the Anglo-American-Japanese sphere.
• These cryptocurrency exchanges are being made illegal in the BRICS sphere.
• Profits on cryptocurrencies are coming under increasing scrutiny from the taxation authorities, such as the US IRS forcing Coinbase to hand over records of all significant trades.

Meanwhile, the large institutions, including banks, governments, and options exchanges are taking an increasing interest in cryptocurrencies, fully intending to support variants that they control, and to marginalize "rogue" cryptocurrencies (such as Bitcoin or Ethereum).

Meanwhile the professional traders who have some depth of experience in other markets (which to a tiny, amateur, degree includes myself) can feel in their bones and observe from the current structure of the crypto market that its price action (how many dollars, euros, yen, yuan or whatever a crytocurrency can be exchanged for on the major exchanges) is frothy as heck, and could be, and is being, wildly driven by quite small amounts of money. A few billion dollars coming in, or out, of this crypto market drives the price wildly up or down, and most of the retail participants are quite reactive, trading emotionally on fear or greed (currently trading on Fear Of Missing Out, aka FOMO). A JP Morgan or the Federal Reserve could easily and rapidly double, or halve, the price of a Bitcoin in US Dollars, with what amounts to pocket change for them. Now that they are getting traders and hedge funds engaging in this market, via the CME and CBOE options exchanges, you can reliably expect that just such violent price swings will happen, and indeed have been happening, on the upside this time, over the last couple of weeks.

Meanwhile the historians amongst us (also including myself in a quite modest degree, and including Catherine Austin Fitts to a more serious degree) as well as those of us who have lived through and participated in the dot-com and/or home mortgage bubbles (again, including myself) or who have followed the history and promise of personal computing, the Internet or mobile phones over the decades (as I have) will notice a recurring pattern, of engaging a wide swath of humanity in something that seems, at first personally empowering, but that eventually turns into more tools of enslavement, such as with Facebook, twitter, and Pokemon Go, while everyone using them has their location, activities and communications all subject to deep surveillance.

Those who follow the hype, mind control and psyops that the elite use to control humanity, such as Jon Rapporport (and myself to a wee bit) and those of us who developed a sensitivity to flawed rhetoric (including myself, going back to my early childhood) smell a big rat in the "reasons" that the new generation of crypto-millionaires are giving us for "why it's different this time, why crypto-currencies are the key to humanity's freedom." Even some of the crypto-propagandists that I enjoy listening to, such as Clif High, who is my kind of smart old geek, are, as best as I can tell, feeding this crypto psyop with deeply flawed justifications.

In my childhood, back in the 1950's, the local town newspaper editor, the local shop keepers, the local farmers, the local banker, the local school board, the local police, and the school teachers were all local people, doing their job as they and their friends, neighbors and families thought best. Now all these positions and institutions are under deep state and corporate control, in their finances, regulations, staffing, and record keeping.

In my childhood, travel by car, train, bus or plane was almost entirely under our own personal control and absent of any effective surveillance, short of sending out an actual detective to personally spy on one of us. There was no UPS, no satellite cameras, no traffic cameras, no security at the airport, bus or train station (except for glancing at your ticket to see you had paid), and no electronics in the car that could control or monitor it remotely (just a battery, starter motor, head lamps, ignition coil, spark plugs, and similar.)

The "deep state" increasingly co-ops everything, and increasingly starts schemes that it knows it can, and has from the beginning, co-opted.

Everything about the crypto-currency craze is screaming this. The deep state, the banksters and their debt-money schemes, those increasingly controlling the mind, body, spirit, money, communities, families, history, ethos and labor of humanity, ... will have it no other way.

Crypto-currencies are under deep state control, are most surely a deep-state creation. They are a key component of moving the global monetary system onto the grid and into the Matrix. This will become increasingly evident to the masses, to the limited extent that they aren't so dumbed down by toxic food, water, air, education, entertainment and mind control that they can't see that far anymore.

First "they" get those who are more energetic, more adaptable, more able to contribute to the buildup of a new technology to be excited about that technology and to put a decade of their most productive years into developing that technology. Then "they" add that technology to the vast array of tools at their disposal to enslave humanity.

Crypto-currencies are a major psyop, and a major precursor to the New World Monetary Order.

[ThePythonicCow]

.

• Mike Adams, in an article posted 4 days ago on his site at Evidence points to Bitcoin being an NSA-engineered psyop to roll out one-world digital currency, and
• Joseph P. Farrell, in the Youtube video (see below) about Mike Adams' article, that Joseph posted earlier today,

are raising their own concerns that Bitcoin and cryptocurrencies are part of a major operation by the elite bastards and their agents such as the NSA (as named in this thread's title) to digitize, surveil and control the world's monetary system, right down to the smallest acts of the poorest serfs.

If you prefer video, here's Joseph P. Farrell's take on this:

Source: https://youtube.com/watch?v=5kemcxj0j08

If you prefer text, see the above link to Mike Adams' article. Here is an overview of Mike's view, taken from his article:

... it’s now becoming increasingly evident that Bitcoin may be a creation of the NSA and was rolled out as a “normalization” experiment to get the public familiar with digital currency. Once this is established, the world’s fiat currencies will be obliterated in an engineered debt collapse (see below for the sequence of events), then replaced with a government approved cryptocurrency with tracking of all transactions and digital wallets by the world’s western governments.

===

I will confess, however, that it makes me a bit nervous to see Mike Adams on the same side of an issue a I've been taking. I've harbored doubts of his work for some time, suspecting that it is a mixture of (1) correctly identifying some serious threats to the liberty and well being of humanity, while at the same time (2) sensationalizing some of the events, mechanisms and potential outcomes, with the effect of discrediting those who follow him too closely (on account of his getting (1) correct), when the sensational disasters foretold in (2) fail to unfold as forecast.

So, even though I am in considerable agreement with Mike Adams and Joseph P. Farrell on the matter of Bitcoin and cryptocurrencies (as evidenced by my work in this thread), I now find myself disagreeing with them on some items of Mike Adams' above linked article.

Disagreement 1: It's a distraction in my view that the NSA was the original source of the SHA256 hash (message digest) algorithm that is a critical component of Bitcoin and most other such cryptocurrencies. The SHA256 algorithm may actually be all that it's cracked up to be - an essentially irreversible, unforgeable, hash, even using the darkest secrets, fastest computers, or even future quantum computers, available now or in the forseeable future, to the NSA. Indeed, "they" may want just this to be the case. One serious problem with the current "paper money" systems is that paper currencies can be counterfeited by rogue nation-states. If the SHA256 algorithm is what it claims to be, unbreakable even by the NSA, then this is essentially the same as having a "paper money" that cannot be counterfeited. I would imagine that the elite bastards at the top of the power pyramid on this planet would welcome just such a technology. The essential problems, for the well being and liberty of humanity, with a global cryptocurrency controlled by the elite bastards lie not in the technical robustness of the core technology, but rather where "the rubber meets the road", all the ways and means in which monetary transactions, large and small, world wide, can be surveilled and controlled, as money changes hands and as money is exchanged for goods and services, taxes and fees, and other contractual obligations.

Disagreement 2: We (well, "they") don't need an alien invasion or a massive (false flag) North Korean EMP attack on the US, to crash the current world economic, monetary, financial system. The elite bastards have been pumping and dumping the world economic, monetary, financial system for millenia, and are quite capable (especially given the extreme debt bubble we find ourselves in at present) of crashing it, really hard, once again. Forecasting such massive and outrageous catastrophes is one of many useful ways that the elite bastards have at their disposal to keep us distracted for a while longer from the impending, more mundane, disasters that are enveloping us. The failure of such forecast catastrophes to unfold is one more way of discrediting those of us who are trying to warn about the real dangers facing us. This is (in my skeptical view) a key role that Mike Adams has been playing, and is once again, in this case, playing ... forecasting more spectacular catastrophes than will actually unfold as a way of obfuscating what is really going down.

[bluestflame]

i rekon the thing many are missing in all this is the control of key resources , if they are ditching one system in favour of another , it's all about the resources

[ThePythonicCow]

Posted by Paul (here)
Mike Adams, in an article posted 4 days ago on his site at Evidence points to Bitcoin being an NSA-engineered psyop to roll out one-world digital currency

Mike Adams has a Vimeo video on this page in which he explains what he thinks are a couple of key risks to Bitcoin, those being a "51% attack" and "quantum computing".

In my view, Mike does not know what he's talking about. He is hopelessly confusing RSA cryptography with Message Digests, and he has no clue what quantum computing can or might do. His discussions of the bit lengths of cryptography (256, 512, 1024, ...) nonsense, thanks to these confusions.

Mike Adams might be a Health Ranger, but he's no Math Ranger, nor any Crypto Ranger.

It's unfortunate (but probably intended, in my tin-foil-hat view) that someone with such a large audience would spread such gibberish.

[apokalypse]

do you guys think crypto like bitcoin transaction is anonymous is a myth? we all know everything has backdoor and i do think all the system related to crypto like wallet already spied on..they must have the system keep tracking all transaction but behind close door. nobody knows who the hell is Satoshi Nakamoto.

i don't think can't control but they already able to control with their advance system, Crypto now has became investment tools...