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Veteran Investor Says Governments Are Planning to Totally Outlaw Bitcoin

Cryptocurrency to mimic gold?

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Veteran investor Ray Dalio warns that governments across the globe are planning to outlaw Bitcoin because the financial elite cannot tolerate something that they don’t have monopoly control over.

“Every country treasures its monopoly on controlling the supply and demand. They don’t want other monies to be operating or competing,” Dalio told Yahoo Finance.

“So, I think that it would be very likely that you will have it, under a certain set of circumstances, outlawed the way gold was outlawed,” he added.

Dalio cited the 1934 Gold Reserve Act, which ended all private holding and use of gold as money. This followed the previous year’s Executive Order 6102, which made it a criminal offense for U.S. citizens to own or trade gold and led to a widespread confiscation program.

The investor said that Bitcoin’s volatile nature also posed a threat to financial elites’ control of money and banking, “because things can get out of control.”

Back in January, head of the European Central Bank Christine Lagarde called for global regulations on Bitcoin, labeling the cryptocurrency “reprehensible.”

“(Bitcoin) has conducted some funny business and some interesting and totally reprehensible money laundering activity,” said Lagarde, who herself was previously found guilty of financial negligence by a French court.

Bitcoin is also despised by cultural and media elites because it allows people who have had their lives turned upside down by deplatforming and denied banking to continue to operate.

One wonders what the trigger could be to create the moral panic around Bitcoin to grease the skids for its criminalization.

Perhaps a massive terror attack that was wholly funded by the cryptocurrency?

The value of Bitcoin has continued to surge in recent months and now stands at over $51,000 dollars.

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Economy

Rand Paul: Democrats “Are Going To Go After Ordinary People” With Massive Spending Bill

“It is a lie that they are only going after rich people.”

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Steve Watson

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In an appearance on Fox News Monday, Senator Rand Paul warned that Democrats are lying about their massive social spending bill and that it will significantly affect untold numbers of ‘ordinary’ Americans.

“The numbers game is fake accounting,” Paul warned, adding “They aren’t really whittling down what they are going to spend it on. They are just whittling down how long they are going to count the accounting period to be.”

“So, if it costs $5 trillion over 5 years and they only count $1 trillion, then that is $1 trillion. But that doesn’t make the programs small. The programs are still enormous and over time are going to add up to trillions and trillions and trillions of dollars,” the Senator urged.

Paul continued, “The other lie is that this won’t affect anyone over $400,000.”

“If you look at the sifting through our bank accounts and either at $600 level or even a higher dollar level when the IRS goes through all of their bank accounts; All that comes in, all that comes out. 75% of that money is on people making less than $100,000 per year,” Paul explained.

He concluded, “So, it is a lie that they are only going after rich people. They are going to go after ordinary people and they will squeeze and squeeze more money out of you if they possibly can.”

“The lie that this is only about going after rich people is frankly not true and they will go after a lot of ordinary people when this thing gets passed,” Paul emphasised.

Watch:

Meanwhile, White House Press Secretary Jen Psaki claimed this weekend that a rising cost of living for everyday Americans is good, because it means more people are buying stuff:

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    Economy

    CNN Uses Creepy, Dystopian “Before Times” Rhetoric to Justify Empty Shelves

    “They are laying narrative groundwork to prepare you for a world of shortages, scarcity, and incompetence.”

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    Questions are being asked of CNN after the network used the creepy dystopian phrase “Before Times” to describe a time pre-COVID when grocery shelves weren’t empty.

    The phrase appears in a report about how grocery shelves “are not going back to normal this year” as a result of labor shortages and transportation restrictions.

    “If you hoped grocery stores this fall and winter would look like they did in the Before Times, with limitless options stretching out before you in the snack, drink, candy and frozen foods aisles, get ready for some disappointing news,” states the article.

    Note how “Before Times” is emphasized by its seemingly otherwise unnecessary capitalization.

    The dystopian language appears to be another way of socially engineering Americans to accept “the new normal,” which will include rolling lockdowns, energy crises and food shortages.

    Twitter users accused the network of weaponizing language to induce fearmongering.

    “They say ‘The Before Times’ like COVID is equivalent to Jesus. Absolute lunatics,” tweeted Robby Starbuck.

    “Interesting way of saying that we will have food shortages in Joe Biden’s America,” remarked Harrison Krank.

    Another respondent warned that CNN would use the term to distract from the Biden administration’s incompetence and blame any problems on the pandemic.

    “They are laying narrative groundwork to prepare you for a world of shortages, scarcity, and incompetence,” warned another respondent, “This isn’t an accident.”

    Out of stock percentages in U.S. grocery chains have risen from 7-10% before the pandemic to as high as 18% in recent days.

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    Economy

    Hundreds More Flights Cancelled as Southwest Continues to Deny ‘Sickout’ Rebellion

    Bad weather or coordinated sickout?

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    Southwest Airlines continues to deny that thousands of flight cancellations are because pilots and staff staged a coordinated ‘sickout’ to protest against vaccine mandates.

    Hundreds more flights have been cancelled today.

    Do you know anyone who works for Southwest? What are they saying?

    Please share this video! https://youtu.be/CwBADcB4lTA

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