The Case for a Free World: Central Banks vs Cryptocurrencies

March 5, 2018
Jarrod Fidden

Exploring Cryptocurrency, Blockchain, and Cybersecurity Trends

This blog delves into the complex relationship between central banks and the burgeoning world of cryptocurrencies, exploring the challenges and opportunities this digital revolution presents to traditional financial systems. It discusses the ways in which cryptocurrencies challenge the monetary control traditionally held by central banks, offering decentralized and often anonymous transactions that can undermine national currencies. The blog evaluates various responses by central banks, including the exploration of developing their own digital currencies to retain monetary control and ensure stability within financial systems. It also considers the regulatory perspective, discussing the need for frameworks that can accommodate the unique aspects of cryptocurrencies while mitigating risks such as fraud, money laundering, and market volatility. The blog advocates for a proactive and informed approach by central banks, suggesting that collaboration rather than confrontation with the cryptocurrency world could lead to innovations in monetary policy and financial inclusivity. By integrating lessons from the decentralized finance models of cryptocurrencies, central banks could enhance their own operations and more effectively meet the needs of a digitally evolving global economy.

Most anyone with some access to media of any description, has now heard of Bitcoin. Many are also excited about the possibilities and opportunity in this now booming market. And then there are those who are involved in this ‘cryptocurrency revolution’ in a more intimate manner; and we often evaluate the blockchain world of tomorrow.

How will blockchain technology be utilized in different market sectors? What are its immediate and long-term potentials? What are the legal and societal impacts? And sometimes; How can I get rich from this? This article is not going to address these somewhat weighty topics.

Instead, this post will shed light on a dark situation, that affects every single one of us, yet very few address: The Federal Reserve’s ownership of this country (and others), and how cryptocurrencies can set us free.

In this post I will argue that a move away from debt-based fiat currency, to a decentralized community owned peer to peer smart contract currency, will unhinge the central banking system that we are all forced to endure.

What is this Federal Reserve and what is this central banking system you may ask; and why do we have to endure it? It may alarm most to hear of this public record fact: the largest banks in the world – including The Federal Reserve, The Bank of England, European Central Bank, up to the International Bank of Settlements (the pinnacle of the system) – are all privately owned. That’s right. Our country’s banks are owned by private citizens.

Our banks are not owned by governments or the populace, nor controlled by the people or governments. This is not speculation, nor theory, it is what it is. The sovereign right of the peoples of nations to mint and control their accepted currency, has been taken away by a few families. Who now own the very right to this fiction of money – that we must work, profit, borrow, spend, cheat, lie, fight over, etc. Yet these families can make it up, literally, from thin air with but a few keyboard strokes.

Want a trillion dollars United States? Sure: at interest, at debt. If you need some more monies tapped into an account to pay back these awesome monies we just invented for you, do come back and we will make you some more. Again, at debt. So where do these monies to pay back this initial interest and debt come from? From the same entity. When all money comes from the same entity, and at interest, there is no way to ever pay it back; the only option is to accumulate debt. Thus, bankruptcy and never-ending debt is built into the system: $21 Trillion of debt and growing, that is.

How did this happen? Shouldn’t the peoples of all nations have the right to mint their own ‘coin of the realm’ and not have a few families punch numbers into a computer at interest? Quite simply, it came about via a multi-generational effort of bribes, corruption, funding both sides in wars, and instilling this central banking system by default upon humanity.

Here is an example: War Machine to the somewhat mildly discontent populace of Erghmanistan:

“Congratulations! We’re bringing you ‘democracy’ by force – oh wait, we mean the wonders of central banking – hey they’ll lend you enough, newly installed government of Erghmanistan – enough to re-start after we invaded/liberated, until you go broke to the interest on this newly invented ‘money’ we provide- then we own the whole show- and in the meantime some of you can stuff your pockets while your country goes to the banksters.”

People were writing about this 100 years ago and more – about the same family owners of the fiction of money that dominate us now. Why has this continued? Well, the Golden Rule helps (i.e he who has the gold makes the rules), combined with social engineering better discussed by Noam Chomsky than myself. But the truth is out there, always has been; it is not discussed as it should be. And if the media, many outlets owned/partiality owned by these same families, continues to chase Kim Kardashian’s new handbag and LeBron James’s sprained ankle, we are never going to hear this ‘inconvenient truth’.

Solution: cryptocurrencies and decentralized systems

We need to be clear about these inconvenient facts:

Fact 1: Fiat money is only ever created at interest/debt, by the private central banks, and by private credit institutions through the wonder of fractional reserve banking: the so-called culprit in the latest GFC.

Fact 2: Fiat money is only worth anything more than paper or binary 1’s and 0’s because we agree upon it, as a society.

Fact 3: There can never be enough fiat money to pay back this debt, as it is only ever created at interest.

Fact 4: In this equation fiat money equals debt, and debt equals slavery.

So how does decentralized cryptocurrency factor into this equation? It does not. Until the banksters wrestle control of large quantities of cryptocurrency, and manipulate the markets, the most they can do is fear-monger and regulate, using the Golden Rule. They use their puppet governments to ratify legislation designed to curb the public uptake of cryptocurrencies, and utilize the media, which they largely control, to push markets up and down, to create the perceived need of strong regulation on this decentralized agreement.

We are supposedly free individuals who are happy to give their all to succeed; yet are working within a fiscal system not of our devise nor control: a system where a large portion of our earnings goes to pay an ongoing odious debt. So what options do we have as a populace?

Cryptocurrencies are a form of rebellion. It is challenging the power of these families and the very fiction of money that they own. Cryptocurrencies are rebutting the system of centralized control of all trade, and providing a decentralized means of trade, outside these banksters’ control.

Also, I have long been a fan of time-banking: a means by which individuals, even corporations can trade goods and services, without fiat currency. They can bank the time/credits they accumulate and use them to purchase goods and services from any other provider involved in the network. Now, with the advent of cryptocurrency we will see time-banking and crypto evolve into one. We will no longer have the need to borrow money at debt, from these families who can make it up out of thin air.

My family and company (Wide Awake Media) are proud to be at the forefront of this revolution; for with media lies the power to alter the discourse of humanity. Fake News is done. It’s time for Truth Media, and it’s time for rebellion.

The world is waking up in droves, and we aren’t happy being slaves.

Sources:

“Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics,” Abdelnour 2012, Wiley & Sons
‘The Money Masters’
‘The Secret of Oz’ -William Still

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