Crypto A Financial Tool For The Altar Wealthy
Lets Talk About Crypto
(A Personal Reflection)
Written By Mr Ish.
About a decade ago, we started to hear about this mysterious currency. At that time, cryptocurrency, mainly Bitcoin, was advertised as a way for ordinary people to hide their wealth, as well as to gamble and speculate on the potential price of crypto. Most people, and I was one of them, did not know much about this mysterious product or where you could even get such a thing. Indeed, I remember thinking about why the government was allowing such a scam or potential scam to happen. And if crypto back then was not a scam, why would any government allow its currency to be challenged by another parallel currency?
For thousands of years, we used gold, silver, and real estate to move wealth into safer or alternative stores of value. But why push for crypto? The only answer that seemed possible to me was anonymity.
Yet, does cryptocurrency now allow you to keep your wealth hidden? For most people, it does not, because they tend to buy crypto through a wallet that is nothing more than a company controlling your wealth. This leaves only technically proficient people and those who can employ them in a different league.
But what does cryptocurrency actually do? And what is its role in the financial economy now and in the future?
The free movement of money is often cited as a tool to allow you to move assets without regulation. But when I looked closely into it, I found that most people, with little know-how or capital, have to rely on companies that manage and control their digital wallets. And these companies can freeze your assets as fast as any financial institution. It is only those who have their own digital wallets who can enjoy a degree of anonymity, with the exception of the moments when they cash in or out of the currency.
To me, this kind of currency is designed mainly for very rich people, in order for them to avoid paying taxes or fees, since a cash-out can happen in another country, for example. Of course, criminals may use it too, but we are talking about large and powerful criminals, whom I do not distinguish from the super-rich elites.
Tool to scam: What comes to mind here is the incident when Elon Musk, the fascist trillionaire, dumped a large amount of Bitcoin at once back in 2022, which prompted the unregulated Bitcoin market to fall. He and other billionaires later bought their Bitcoins back on the cheap.
The meme currencies from Donald Trump to that TikTok lady have used their celebrity to sell their own cryptocurrencies, cashing in on meaningless promises of wealth. (Yes, this is the Wild West again.)
Tools to move money out of the view of a government or related entity. Tools to move capital—that’s my take, and in my opinion, the most important. When our industrial and prosperous economy started to shift to a financialized economy—meaning companies moved overseas and our population was left as consumers of the same products they used to make—our economy, or rather the generation of wealth, shifted to the financialized capital of those companies, based on their sales leverage and stock valuation. But you might think the story ends here? Sadly, no.
For the last 20 or so years, big capital has started another venture of money-making schemes. First, there was real estate, with inflated prices due to the deliberate act of not building enough homes and keeping demand high—and let’s not forget the unfair mortgages, hence the 2008 financial crisis (for which no one was punished)
The wars—wars with debt. At the same time we embraced total financialization, we also ramped up the wars. The elites lied, deceived, and coerced us into starting wars that we lost. But you might think that after one too many losses, our policy would change—but no, and that is another story. Yet, what war did is clear: it moved wealth to the bank accounts of those who invested in the venture, while saddling the American government with $40 trillion in debt and counting.
The possible role for cryptocurrency that is yet to come. As our government spends on destruction and insists on bankrupting itself, and as our power as a country fades, the possibility of a total financial collapse looms larger and larger. So, if you are part of the criminal elite, what would you do? Even the wealth you stole in dollars may become useless, so what would you do? This is where I think the role of cryptocurrency will come through—instant, untraceable, and rising in crisis. And let's not forget that the majority of our billionaires have ties to other countries and zero loyalty to this one. Countless Zionist billionaires could make the jump and use their wealth to take over many destroyed countries in the Middle East and Africa, for example—money for a Greater Israel and other fascist states that will rise on what is left of those countries.
What about us, here in the U.S.?Even if we have complete collapse, as long as we wake up and change our leaders, we will rise. After all, we are a continent-sized country. And as long as we unite and resist political fragmentation, which I do believe we can be targeted with, we can seek justice from those responsible. And just a reminder: this has happened before. The financial move out of once-industrial England, coupled with endless wars, led to England losing its empire. This just one example, which should be a lesson and an alarm to what is happening to our beautiful country.