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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

German Government Thinks Russian Gas Pipelines Could Have Been Deliberately Sabotaged

Either Ukrainian attack or a Russian false flag.

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Tagesspiegel newspaper reports that a sudden loss of pressure in three natural gas pipelines between Russia and Germany is likely to have been a “targeted attack” carried out by either Russia or Ukraine.

Pressure in the Nord Stream 2 undersea gas pipeline dropped from 300 to 7 bars on Sunday night, followed by a similar occurrence in Nord Stream 1’s on Monday afternoon.

The sudden drop of pressure in the Nord Stream 2 pipeline may also have caused a gas leak near the island of Bornholm in the Baltic Sea, a situation being monitored by Danish authorities.

An anonymous source told Tagesspiegel that German authorities “can’t imagine a scenario that isn’t a targeted attack,” and that their assessment has concluded, “Everything speaks against a coincidence.”

The attack had to be deliberate because it would have been carried out by special forces, navy divers or a submarine which were able to reach the bottom of the sea.

The German government believes Russia could have sabotaged its own pipelines as a “false flag” attack to blame it on Ukraine and drive EU energy prices even higher, an outcome that would pile more pressure on European governments.

The attack could also have been carried out by “Ukraine-affiliated forces” to weaken Russia’s critical infrastructure.

“We are in the process of clarifying the situation here,” a government spokeswoman for the federal ministry of economics told the newspaper. “We don’t currently know what caused the pressure drop.”

Nord Stream 2 was recently completed and was set to “double the volume of gas flowing from Vyborg, Russia, under the Baltic Sea to Germany,” the Guardian reports.

Large protests have taken place in major European cities in recent weeks, with demonstrators urging their governments to accept Russian gas to alleviate the cost of living crisis.

“Nord Stream 2 has been literally just sitting there jam-packed with gas ready to be turned on at any moment and deliver billions of dollars worth of dirt cheap Russian gas every year,” writes Chris Menahan.

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Videos: Biden Celebrates ‘Inflation Reduction Act’ As Stock Market Tanks Due To Rising Inflation

It doesn’t get more Orwellian than this

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Steve Watson

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CNN and other news networks broadcast a split screen of Joe Biden ‘celebrating’ the passage of his ‘Inflation Reduction’ Act while the Dow Jones simultaneously tanked to its lowest point for two years on the news that inflation is still at record highs.

Watch:

The Dow Jones fell by over 1,200 points and the S&P 500 fell more than 4% on Tuesday following the August CPI report, which highlighted how inflation rose by 0.1% despite gas prices reducing slightly.

The inflation rate in August was 8.3% according to the report.

The report also found that wages are down 2.8% and energy prices surged 15.8%, the biggest rise in four decades.

Grocery prices are up 13.5% from last year and are at their highest for 43 years.

Some Americans can’t even afford to buy food and are turning to ‘buy now pay later’ desperation:

Yet the White House describes this as “welcome moderation”:

The Press Secretary also claims that the inflation report shows “progress in bringing inflation down.”

Did someone give her the wrong report?

No, she’s just flat out lying again:

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    Economy

    German Foreign Minister Says Support For Ukraine Will Continue “No Matter What Voters Think”

    War will be prolonged at the expense of her own citizens.

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    Despite soaring energy prices that threaten the stability of the country, Foreign Minister Annalena Baerbock said she would continue to support Ukraine “no matter what German voters think.”

    Baerbock made the remarkable comments during an event in Prague yesterday organized by the NGO Forum 2000.

    “If I give the promise to people in Ukraine – ‘We stand with you, as long as you need us’ – then I want to deliver. No matter what my German voters think, but I want to deliver to the people of Ukraine,” she said.

    The German official said that such an approach would not change even if large numbers of people were out in the streets protesting against crippling energy bills.

    “We are facing now wintertime, when we will be challenged as democratic politicians. People will go in the street and say ‘We cannot pay our energy prices’. And I will say ‘Yes I know, so we help you with social measures.’ But I don’t want to say ‘Ok then we stop the sanctions against Russia.’ We will stand with Ukraine, and this means the sanctions will stay also in wintertime, even if it gets really tough for politicians,” said Baerbock.

    The comment is a fairly stunning admission that world leaders are intent on prolonging the war for as long as possible, no matter how much it harms the countries they are supposed to represent.

    Germans face one of the worst cost of living crises in Europe, with governments arranging ‘warm up spaces’ in major cities where people who can’t pay their bills will go to avoid freezing to death, with blackouts expected.

    Citizens have already exhausted supplies of electric heaters, firewood and stoves in many areas as they prepare for energy rationing this winter, while inflation in Germany just hit its highest level in almost 50 years.

    Those planning to protest against the situation have also been demonized as domestic extremists by the authorities.

    As we reported last month, the interior minister of the German state of North Rhine-Westphalia (NRW), Herbert Reul (CDU), outrageously suggested Germans who may be planning to protest against energy blackouts were “enemies of the state” who want to overthrow the government.

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