Pablo Picasso Le pigeon aux petits pois (Pigeon with Peas) – stolen May 20 2010 1911
Nawaz: Power gets to define reality
Oz “91% had other health issues on death certificates”
“91% had other health issues on death certificates”
It’s crumbling. pic.twitter.com/EfG5tqLjMT
— Cain Marko (@CainMarko88) February 22, 2022
Find an enemy
Tucker on how leaders want to keep their unprecedented powers pic.twitter.com/QpiRB4ep3a
— Wittgenstein (@backtolife_2022) February 22, 2022
Justus Hope on Edward Dowd. Who compares the vaccines to the 2008 mortgage crisis, and says the FDA play the same role as the ratings agencies back then. But there is one difference, which I don’t think he stresses enough: ratings agencies are companies, enterprises; the FDA is literally the government. He sort of touches on it, “I believe the fraud has moved on to central banks and governments”, but not enough.
• Pfizer & Moderna Investors Run for the Exits (Hope)
Wall Street investors are dumping their Moderna and Pfizer stock faster than the world can drop the mandates. Moderna is down 70 percent from its high, while Pfizer is off 19 percent. Former Blackrock Executive and investment adviser Edward Dowd calls for Moderna to go to zero and Pfizer to end under ten dollars per share. How is this possible given that Pfizer now enjoys record earnings per share and a market capitalization of some $270 billion, making it the 29th largest corporation globally? With nothing but profits in sight for the Pharmaceutical giant, what could be the problem? After all, in December, a Forbes’ headline read, “The Vaccine Maker Can Dominate The Covid Market For Years to Come, Wells Fargo Predicts.” In addition to the enormously profitable mRNA vaccines, Pfizer is rolling out potent antivirals like Paxlovid, which could earn $22 billion in 2022.
Compared to the $81 billion in 2021 revenue, the earnings from the vaccines and the antivirals could top $102 billion for 2022, which is music to shareholders’ ears. However some are hearing shrieks, and these happen to be Wall Street’s finest, the smart money that beats the rest of the herd to the exits like clockwork. These sophisticated investors make it their business to not go with the conventional wisdom but to do their own research, which often pays spectacular dividends. [..] Dowd has sounded the alarm on Moderna and Pfizer as sinking ships that investors need to abandon. So what does the man who foresaw the dot com and the subprime mortgage crisis have to say about Moderna and Pfizer, and what trouble could exist in the paradise of COVID vaccine profits?
Here are Dowd’s words: I want to liken here to what’s gone on in the Great Financial Crisis. We had rating agencies, third-party verification sources that were able to perpetuate the fraud because the money got too big, their institutions became corrupted with the institutional imperative, and they got triple-A ratings which we all know in hindsight were not triple-A ratings – let’s move forward to today. The FDA is the trusted third-party verification of pharmaceutical products. 50% of their budget comes from Pharma…due to the institutional imperative that was in place at the time and the speed with which they tried to approve these unproven products with this unproven technology, fraud did occur, and what’s my proof of that? The FDA, together with Pfizer, were trying to hide the clinical data.
And it’s come out recently…that the all-cause mortality for the Pfizer product failed – that means there were more deaths in the vaccine group than the placebo group. Normally in such a case, you have NO drug approval for such drugs. It’s the gold standard. I’ve been told by all my people in the Biotech Industry they were horrified… And unfortunately, that is not all. Dowd feels that although he has successfully predicted three large frauds in his career, he now expects a global financial market collapse with the debt bubble getting ready to burst. “So I’ve seen three frauds; the corporate fraud of the dot com boom, the bank fraud of the Great Financial Recession, and I believe the fraud has moved on to central banks and governments – because that’s the nature of our monetary system – you have to constantly create credit to keep this thing going.”
More Dowd. $14 billion hedge fund, former Blackrock. Will make some FDA people nervous, and Pfizer/Moderna too.
• Multiple Brokerage Houses Now Investigate MRNA Jabs (Paine)
EXCLUSIVE: Wall Street Taps Pfizer Whistleblower to Help Probe Alarming Details of Fraud During VAX Clinical Trials; Former Blackrock’s Edward Dowd Drops More Bombs as ***MULTIPLE*** Brokerage Houses Now Investigate MRNA Jabs
Anyone seen Fauci lately?
• 17,000 Physicians and Medical Scientists Declare “COVID National Emergency Over” (GCS)
After two years of scientific research, clinical data and evidence from frontline medical professionals treating hundreds of thousands of patients, the international alliance of more than 17,000 physicians and medical scientists have concluded that the highly treatable COVID-19 illness, which is better addressed with natural immunity and proven medication, no longer requires national emergency status. Vaccines have failed to reduce spread of COVID-19 and pose several health risks, while natural immunity for children and healthy adults has proven more effective. Moreover, treatment protocols that use well-studied, FDA approved medications are now proven to be effective in preventing severe illness and death from Covid-19.
With the success of treatments and broad natural immunity amidst waning strength of COVID-19 variants, there is no longer a credible need for a national emergency in the U.S. On March 13th, 2020, Donald Trump used an Executive Order under the National Emergency Act to declare a national emergency concerning COVID-19. On February 24, 2021, the order was extended by President Biden. Since then, the constitutional rights of Americans have been trampled on by allowing governments aligned with pharmaceutical companies to exploit its citizens. Biden’s extension of the national emergency on February 18th, 2022 ignores the extensive medical and scientific data, confirming a non-medical agenda by the White House.
The over 17,000 independent physicians and medical scientists, who reject the corporate interests of pharmaceutical companies, are calling on Congress to reject President Biden’s extension of the national emergency that was declared by President Trump, to reinstate our constitutional democracy, restore doctor-patient relationships, medical privacy and personal medical choice, and end coercive tactics and mandates.
Dr. David Martin
To vaccinate anti-vaxxers.
• Bill Gates-Linked Lab Developing Vaccine That Spreads Like a Virus (NP)
An international team of researchers are working on an experimental self-spreading vaccine that could stop the virus leaping from rats to humans — a phenomenon scientists call zoonotic spillover. The drive to develope self-spreading vaccines is not without controversy. The DHSC paper notes: ‘Self-spreading vaccines are less lethal but not non-lethal: they can still kill. ‘Some people will die who would otherwise have lived, though fewer people die overall. ‘The other issue is there is no consent (for vaccination) from the majority of patients.’ But some ethics experts say there are parallels for ‘treating’ mass populations for public health issues without first getting individual consent.
For example, the fluoridation of mains drinking water to prevent tooth decay already happens in some parts of the UK and the Government is considering extending it to all of England. ‘Nobody is asked whether they give consent, even those who disagree with it,’ says Professor Dominic Wilkinson, a medical ethics specialist at Oxford University. ‘Instead, we entrust elected officials to examine the likely health benefits and make decisions based on the evidence.
‘I don’t think that there is anything intrinsically different when it comes to the idea of self-spreading vaccines.’ However, some scientists have serious misgivings about the risk that weakened viruses could mutate into a more potent form once they are free to spread in the population. Dr Filippa Lentzos, a senior lecturer in science and international security at King’s College London, warns of a danger that the science behind self-spreading vaccines could be hijacked to make biological weapons. ‘Such a self-spreading weapon may prove uncontrollable and irreversible,’ she says.
“There were also over two million Donbass refugees in Russia, more than one million in the Ukraine and around 50 thousand in Belarus.”
• The Day Russia’s Patience Ran Out (Orlov)
Today’s date, commonly written out as 22.02.2022, will be an easy one for future schoolchildren to remember. Various people will remember it in various ways. The residents of Donetsk and Lugansk, the two formerly Ukrainian, now once again Russian cities that have been subjected to conditions bordering on genocide since the US-instigated government overthrow of 2014 will remember jubilantly dancing in the streets, shooting off lots of fireworks, waving Russian flags and hollering the Russian national anthem. For them, this is the day on which new hope arrived that their eight-year nightmare would soon be over and life would finally return to normal.
The badly informed new German chancellor inadvertently helped to resolve the situation by saying that the idea of a Ukrainian-caused genocide in the Donbass is ridiculous. Given the history of the region, the public spectacle of a German leader using the words “genocide” and “ridiculous” in the same sentence made the moment pregnant with possibilities. Here is the information the seemingly rather dim-witted chancellor was missing. There were 9,282 dead on the Donbass side (70% of them civilians) and 114 children. The dead on the Ukrainian side (the Ukrainian troops and various assorted mercenaries that had been attacking and laying siege to the Donbass since 2014) numbered 20,186. This was prior to the renewed Ukrainian shelling of recent days. There were also over two million Donbass refugees in Russia, more than one million in the Ukraine and around 50 thousand in Belarus.
Most Russians will also remember this day with relief as the day their government finally—finally! after eight literally bloody years!—determined that a negotiated settlement in the Ukraine would simply never happen and that there was no point in waiting any further before going ahead and cleaning it up. It was cathartic for them to hear their president unleash a torrent of truth about the Ukraine, calling it a Bolshevist concoction of mostly historically Russian lands that was simply never intended for independent statehood, pointing out that it never paid its share of Soviet-era foreign debt (Russia paid it off on its behalf), that it refused to turn over Russian assets with which it incidentally ended up, and instead soaked up several hundred billion dollars of Russian subsidies, that it extorted money for the use of its Soviet-built gas pipeline that it got free of charge, and that it has squandered and stolen the rest of its vast Soviet patrimony.
He also mentioned was the Ukraine’s stated ambitions simultaneously to join NATO and to invade Crimea—automatically triggering a world war. He mentioned its stated ambition to use plutonium from its spent nuclear fuel stockpiles and rockets left over from the Soviet times to concoct weapons of mass destruction—a situation that simply had to be dealt with. Finally, he made clear that all of the Ukrainian war crimes of the past eight years have been carefully documented and that all of these war criminals will be brought to justice.
Tucker: It may be worth asking yourself… why do I hate Putin.. Has Putin ever called me a racist? Has he threatened to get me fired for disagreeing with him? pic.twitter.com/0jlXfS0PYy
— Acyn (@Acyn) February 23, 2022
A $10 billion plan. In case you wonder why Putin did what he did.
• Blackwater is in Donbass with the Azov Battalion (Dinucci)
The phone call between President Biden and Ukrainian President Zelensky “did not go well”, CNN headlines: while “Biden warned that a Russian invasion is practically certain in February, when the frozen ground makes it possible for tanks to pass through”, Zelensky “asked Biden to lower his tone, arguing that the Russian threat is still ambiguous”. As the Ukrainian president himself takes a more cautious stance, Ukrainian armed forces are massing in the Donbass near the area of Donetsk and Lugansk inhabited by Russian populations. According to reports from the OSCE Special Monitoring Mission in Ukraine, obscured by our mainstream which only talks about the Russian deployment, Ukrainian Army and National Guard units, amounting to about 150 thousand men, are positioned here. They are armed and trained, and thus effectively commanded, by US-NATO military advisers and instructors.
From 1991 to 2014, according to the U.S. Congressional Research Service, the U.S. provided Ukraine with $4 billion in military assistance, which was added to by over $2.5 billion after 2014, plus over a billion provided by the NATO Trust Fund in which Italy also participates. This is only part of the military investments made by the major NATO powers in Ukraine. Great Britain, for example, concluded various military agreements with Kiev, investing among other things 1.7 billion pounds in the strengthening of Ukraine’s naval capabilities: this program provides for the arming of Ukrainian ships with British missiles, the joint production of 8 fast missile launchers, the construction of naval bases on the Black Sea and also on the Sea of Azov between Ukraine, Crimea and Russia. In this framework, Ukrainian military spending, which in 2014 was equivalent to 3% of GDP, increased to 6% in 2022, corresponding to more than $ 11 billion.
In addition to the US-NATO military investments in Ukraine, there is the $10 billion plan being implemented by Erik Prince, founder of the private US military company Blackwater, now renamed Academy, which has been supplying mercenaries to the CIA, Pentagon and State Department for covert operations (including torture and assassinations), earning billions of dollars. Erik Prince’s plan, revealed by a Time magazine investigation , is to create a private army in Ukraine through a partnership between the Lancaster 6 company, with which Prince has supplied mercenaries in the Middle East and Africa, and the main Ukrainian intelligence office controlled by the CIA. It is not known, of course, what would be the tasks of the private army created in Ukraine by the founder of Blackwater, certainly with funding from the CIA. However, it can be expected that it would conduct covert operations in Europe, Russia and other regions from its base in Ukraine.
Even @TheBabylonBee can’t compete with this satire pic.twitter.com/mNSDwfGiIb
— MONETARY MAYHEM™ (@MONETARY_MAYHEM) February 23, 2022
The WSJ editors have had enough.
• Justin Trudeau’s Liberal Tyranny (WSJ Op-ed)
Modern liberals can hurtle from extravagant tolerance to suppression without batting an eye. Canadian Prime Minister Justin Trudeau dramatizes the tendency.
Every trucker blockade in Canada has been cleared, yet Mr. Trudeau’s Liberal government isn’t giving up the emergency powers it claimed to criminalize the protest movement against vaccine mandates. “This state of emergency is not over,” Mr. Trudeau said, citing the risk of future blockades. This isn’t how a nation of laws is supposed to function. Mr. Trudeau’s new powers rely on defining the disruptive but peaceful truckers as a security threat akin to violent terrorists. His emergency law, a broad prohibition on public assemblies and even indirect support for them, ensnares tens of thousands of Canadians as “designated persons” whose assets must, per another of his new laws, be found and frozen by any financial institution, without due process or court supervision. There isn’t an appeals process in case of error, and so far 200 accounts are frozen.
Pressed for details, Justice Minister David Lametti initially explained that “pro-Trump” big donors “ought to be worried.” Now the government says it is targeting only the truckers, but its power has no limiting principle. Mr. Lametti says, “We took measures that had been applied to terrorism and applied them to other illegal activity.” This is how a trucker who violated traffic laws or committed “mischief” becomes the target of financial tools designed to disable al Qaeda cells. Bank-account freezes weren’t necessary to clear the blockades. That required police only to arrest those blocking traffic and to requisition tow trucks (already authorized by Canada’s criminal code). The asset freezes serve not to end an emergency but to incapacitate and intimidate protesters after the fact.
Parliament declined Monday night to revoke Mr. Trudeau’s emergency. He prevailed with the support of the socialist New Democratic Party, which once prided itself like others on the left as a defender of civil liberties. “We understood absolutely that we do not want to trigger an election,” said leader Jagmeet Singh, cowed by Mr. Trudeau’s threat. “That would be the worst thing to do in this crisis.” The vote captured the left-liberal pas de deux that has led to abuse of emergency powers. Ottawa’s police chief was a progressive and, as progressives do, he let protesters violate the law with impunity—for weeks. This exasperated Canadians who wanted order and commerce restored. The Liberals blamed foreign interference and lambasted the truckers along trendy American lines as racists and insurrectionists. Then Mr. Trudeau stepped in to curtail the rights of political enemies.
Premier of Alberta, Canada (Jason Kenney) rejects Justin Trudeau and Klaus Schwab and the entire set of proposals referred to in 'The Great Reset'.
Sound ON pic.twitter.com/jftbEmp9DN
— Wall Street Silver (@WallStreetSilv) February 22, 2022
“The comparisons are stark.”
• Trudeau Style Tyranny Is Already Here (Kelly)
In a recent court motion, Joe Biden’s Justice Department changed the official name of its investigation into the protest at the Capitol on January 6, 2021. Originally designated the “Capitol breach” probe, the department just replaced “breach” with a more sinister word: siege. “The ‘Capitol Siege’ refers to the events of January 6, 2021, when thousands of individuals entered the U.S. Capitol and U.S. Capitol grounds without authority, halting the Joint Session and the entire official proceeding of Congress for hours,” Matthew Graves, the U.S. attorney for the District of Columbia, wrote in a footnote to a February 10 filing. Graves commended Capitol and D.C. Metro police for “clear[ing] the Capitol of rioters” that afternoon. But courtroom rhetoric isn’t the only thing Graves is heating up.
The Justice Department has opened a “Capitol Siege Section” in the agency’s criminal division and wants to hire at least 20 more lawyers to help prosecute Americans for any involvement in what happened on January 6. Qualified attorneys will be employed on a temporary basis and could earn as much as $176,000 per year. “Capitol siege” prosecutors will complement an army of thousands of Justice Department employees, including FBI agents from 56 field offices across the country, handling what Attorney General Merrick Garland warned is the biggest investigation in the department’s history. More than 730 people have been arrested so far—amounting to more than three times the number of federal arrests related to the 2020 “mostly peaceful” riots that lasted for months and resulted in far more death and destruction—and the first major trial of a January 6 defendant starts next week.
As freedom-lovers justifiably recoil at Canadian Prime Minister Justin Trudeau’s crackdown on vaccine mandate protesters, Americans worry the same sort of political retribution could happen here. I’m sorry to report, it already has. The scenes from Ottawa are matched or surpassed by the images here, including thuggish cops attacking January 6 protesters with mace and explosive devices. The difference? Instead of mounted police trampling a woman, ours merely shot and killed one woman and beat up a few more. What the Trudeau regime is now unleashing against the truckers and their supporters has been underway in America for more than a year. Using January 6 as a pretext, the Biden regime is brandishing its authority to crush political dissent. Now, it appears Trudeau and his apparatchiks are stealing the U.S. Justice Department’s playbook of power and pain.
The comparisons are stark. Take, for example, the words of Steve Bell, acting chief of the Ottawa police department. He told a reporter over the weekend how the government will hunt down those who stood in defiance of Trudeau’s vaccine mandates. “If you were involved in this protest, we will actively look to identify you and follow up with financial sanctions and criminal charges, absolutely,” Bell said during a press briefing on February 19. “This investigation will go on for months to come. It has many many different streams from a federal level from a financial level from a provincial licensing level to a criminal code level from a municipal breach of . . . court order level. It will be a time consuming and complicated investigation that will go on for a period of time.”
The NDP holds the balance. And their leader is WEF.
• Conservatives Force Trudeau To Defend And Vote On Emergency Powers Again (TSun)
If Justin Trudeau wants to keep the Emergencies Act for the full 30 days, Candice Bergen and the Conservatives are going to make him explain himself to Canadians again next week. Immediately following the vote to extend the federal government’s new powers, Bergen tabled a motion to rescind those very powers. That may seem odd given that she and the Conservatives had just lost the vote 185-151 but it was in fact a very strategic move. Under Section 59 of the Emergencies Act, any group of 10 Senators or 20 members of the House of Commons can sign a request to revoke the government’s emergency powers. By tabling the motion on Monday night immediately after the vote, Bergen has ensured that there will be another debate and another vote next week on the need for these powers.
“Liberal and NDP MPs will need to explain to Canadians why they are continuing to enforce a national state of emergency that gives the federal government far-reaching powers and authority,” Bergen said. Given that the area around Parliament is cleared out, the borders are all clear, there really isn’t the need for the emergency powers to continue. That’s a position held by some in Trudeau’s own Liberal caucus and several New Democrats as well. The government could rescind their powers before we even get to that point but it does put Trudeau on notice that he will have to continue defending his extraordinary power grab. He had trouble doing so on Monday when asked by reporters.
In fact, Trudeau turned to tow trucks as the first reason for needing the act to continue to be used when asked what was so vital in the act that he needed it to continue. Of course, the trucks have all left the Parliamentary precinct and there is no need for tow trucks. His next line of reasoning was that people might come back. Well then, use regular policing powers and stop them. Trudeau then turned to the ability to keep border crossings like the Ambassador Bridge in Windsor clear. That bridge was cleared away before he even invoked the Emergencies Act and existing federal and provincial laws are sufficient to keep border crossings clear and operating. “The Emergencies Act was not necessary to clear the blockades. The government already had all the tools they need under current Canadian law,” Bergen said.
It’ll be fun.
• Pentagon Considers Sending National Guard To DC Ahead Of US Freedom Convoy (DM)
The Pentagon could commission the National Guard to help manage thousands of big rigs expected to descend upon the nation’s capital this week in protest of government mandates. Following the path of a Canadian convoy of anti-vaccine long haulers who congested Ottawa’s streets for weeks this month, a group of fed-up American truckers from throughout the country are setting out Wednesday to launch their own mass protest in Washington, D.C., and plan to congest popular thoroughfares – including the Capitol Beltway. The Pentagon has been asked to help manage the protests by deploying the National Guard, according to Pentagon press secretary John Kirby.
‘The Department is analyzing a request for assistance from the U.S. Capitol Police and the DC Homeland Security and Emergency Management Agency,’ Kirby said in a statement. ‘Those agencies have asked for National Guard personnel to provide support at traffic control points in and around the District to help the USCP [U.S. Capitol Police] and D.C. government address potential challenges stemming from possible disruptions at key traffic arteries.’ Although it’s not clear how many people will participate in the protests, it could number in the thousands, Fox News reported. Those leading the movement have requested a National Park Service permit that could accommodate up to 3,000 truckers in D.C., according to the report. This comes as officials also plan to reinstall the fencing that surrounded the Capitol complex last year ahead of Biden’s March 1 State of the Union address.
“He has provided hope that accountability in D.C. — rare as a MAGA sticker on a Prius — actually might happen.”
• John Durham Sent A Message To The Attorney General And The Country (Hill)
John Durham has been a special prosecutor for almost a year and a half — not a long time, but plenty of time for a drumbeat to begin that he was showing little progress against his orders to examine the origins of the debunked Trump-Russia collusion narrative that convulsed a presidency. His few indictments so far have been directed against peripheral players, feeding a fear among Donald Trump’s supporters that elites higher up the stack are going to get away with their chicanery. The problem for Durham is that these perceptions were providing the Biden Department of Justice (DOJ) with increasing political top cover to shut down the special prosecutor’s office as an unproductive, politics-driven exercise in futility that is wasting taxpayer dollars.
If Durham were to be terminated, the American people might not even push back much since no one had a clue whether his investigation was bearing meaningful fruit. Attorney General Merrick Garland already had undercut Durham’s investigation once by taking steps to rehabilitate the reputation of fired FBI Deputy Director Andrew McCabe, a key figure in the origins of the Trump-Russia collusion debacle. The Biden DOJ is not friendly to the goals of Mr. Durham. Durham couldn’t hold a news conference or pen an op-ed touting progress; that’s just not done by investigators in the middle of an investigation. So, he turned to a readily available vehicle — a routine, fairly innocuous motion filed with the court — to embed an explosive message to the DOJ and the American people. It landed like fireworks at a funeral. No one saw it coming.
Tucked inside the court filing, John Durham laid out a good chunk of the case he’s building, and it was stunning. Durham revealed the outlines of a corrupt conspiracy by operatives linked to Hillary Clinton’s presidential campaign. The exposed conspiracy allegedly made a contrived, fraudulent and shocking attempt to entice the FBI and CIA to use their powers against the rival Trump campaign and presidency. This recent filing by Durham was designed to have two effects. First, and most important, he has now made any decision by the president or attorney general to dump him much more difficult to undertake. The last time a president fired a special prosecutor who was making significant progress, he lost his presidency.
Second, Durham has signaled to the American people that his investigation has legs, despite perceptions of plodding inertia. He has provided hope that accountability in D.C. — rare as a MAGA sticker on a Prius — actually might happen.
Can Justin destroy bitcoin?
• What Canada Means for Crypto (Doomberg)
The digitization of currency ties each individual directly – transparently – to their money and empowers the state with decision power on whether any particular citizen is allowed to transact in modern society. Your money no longer represents stored wealth that can be exchanged for goods and services. Rather, it represents stored wealth that can be exchanged for goods and services as permitted by the state. Mostly gone is the anonymity that comes with transacting in physical cash – the ultimate manifestation of a decentralized currency. (Just try booking a hotel room with nothing but cash and a valid passport.) In its place we find myriad extrajudicial procedures and complex regulations that strip away our freedoms and, if left unchecked, will ultimately make way for the displacement of our representative democracies with totalitarian states.
In a staggering 56-part Twitter thread that recently went viral, an anonymous account by the name of @punk6529 drives home this point brilliantly. A link to the full thread is here. The core thesis is that one cannot have freedom of speech, freedom of assembly, or freedom of religion without the freedom to transact. Robbing a citizen of his or her ability to transact is a devastating punishment, and for the government to claim it has the ability to do so without judicial review or any reasonable recourse is the functional equivalent of totalitarianism. The 18th and 19th tweets in the thread are particularly compelling:
As we described in our last piece, Justin Trudeau has crossed the Rubicon in this regard, and if his actions become normalized, the entire edifice of Western democracy will undoubtedly collapse. Lest our readers think this is hyperbole or that Trudeau’s behavior will be contained to Canada, we point you to an excellent piece called In Praise of Bitcoin written by Dr. Ben Hunt . In it, Hunt correctly likens the US Treasury to the Eye of Sauron. Here’s a critical passage (emphasis added):
“If there’s a Western governmental institution that is more unclouded by conscience, remorse, or delusions of morality than the US Treasury, I am unaware of what that institution might be. But unlike Wall Street, which is motivated by Flow, the US Treasury has an entirely different (but highly compatible!) goal. The goal of the US Treasury is to see all of the money in the world. That’s really all it is. That’s what Anti-Money Laundering (AML) regulations are all about. That’s what Know Your Client (KYC) regulations are all about. That’s what Report of Foreign Bank and Financial Accounts (FBAR) regulations are all about. That’s what the Treasury-led Society for Worldwide Interbank Financial Telecommunications (SWIFT) is all about. That’s what the Bank Secrecy Act (BSA) is all about. None of these programs are really about taxes. None of these programs are really about catching crooks or fighting terrorists. All of these programs are really about information for information’s sake regarding the greatest source of power in the world and the raison d’etre of every government on Earth: money.”
It is through a related lens that we have written skeptically about crypto in the past. We’ve marveled as US regulators allowed the crypto ecosystem to evolve, warned crypto participants that a crackdown is inevitable, and questioned how the “value” of one’s crypto holdings could be effectively transmitted back to the fiat world. Many have filled our Twitter feed and Substack comments section expressing the view that Trudeau’s descent into totalitarianism validates the need for cryptocurrencies. While we don’t doubt the demand for such exposure will increase because of his actions, we draw a more sobering conclusion. Trudeau’s actions destroy the concept that cryptocurrencies will ever be an effective medium of exchange. We recently summarized this view on Twitter:
Dr. Lee Merritt ft. Dr. Tom Cowan
Dr. Lee Merritt ft. Dr. Tom Cowan https://t.co/473gDF0rgc pic.twitter.com/SjHFo7EeIA
— DocJustice (@DoctorJustice1) February 22, 2022
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Home › Forums › Debt Rattle February 23 2022