CBDC - Central Bank Digital Currencies

[gfp927z]

Here's an excellent explanation from Catherine Fitts on how Bitcoin fits into the 3 branches of the crypto world (video below) -

1) Bitcoin - a late stage Ponzi scheme 'pump + dump'

2) Stablecoin - goal is to promote dollar hegemony worldwide (save the dollar system), and also build an all digital control grid to control populations (CBDC is disguise).

3) Other cryptos - some of which were sincerely trying to provide alternative payment systems


For Bitcoin, Fitts gives an excellent summary, explaining the proposed 'Bitcoin Strategic Reserve' con job, the new 'Sovereign Wealth Fund' idea, the push for mandating US States to buy Bitcoin, etc. She explains that in a pump + dump (like Bitcoin), you always need a new batch of chumps to keep it going. But at this point, only 2% of the investors now own 70% of the outstanding Bitcoin (!), so their huge positions are highly illiquid and there's no way to get out. So to facillitate the 'dump', they got Trump to mandate government purchases of Bitcoin, Strategic Bitcoin Reserve, etc, so they can offload their problem onto the government.

Fitts points out that in the recent election, the Bitcoin / crypto lobby was the biggest source of political contributions, and Trump put big crypto people into top cabinet positions to run policy. Meanwhile Trump himself is profiteering on a grand scale with his own crypto schemes, so that's his payback. Bessent keeps saying the US government will start to 'monetize the asset side of the US balance sheet' (land, etc). So those govt hard assets will go to the 2% in exchange for their soon to be garbage Bitcoins. Truly disgusting, but this is how the big money crowd and the DC swamp work. And we thought Biden was corrupt -

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