Posts Tagged → merit
Digital currency’s iron slave chains
Oh, the irony of a bank that is now insolvent in part because it illegally gave unsustainable amounts of highly regulated investor money to the domestic terrorist group “Black Lives Matter,” due to the weird political and anti-historic narrative that present day huge cash transfers (so called reparations from people who never owned slaves to people who never were slaves) are required from all other Americans to American blacks alone, above and beyond the past seventy years of gigantic taxpayer funded welfare programs and affirmative action preferences that ignored merit and rewarded skin color and that have benefited American blacks almost exclusively at enormous financial cost to America.
It is illegal to give away bank assets, or structure investing strategies, if it damages the bank’s ability to fully ensure its fiduciary duty to its shareholders and clients. The sole purpose of a bank or investment firm is to maximize its clients’ financial benefits.
This failure of Silicon Valley Bank has already created a ripple effect in the banking industry that is threatening a whole host of banks, including industry giant Credit Suisse. So it is not just one bank, but many that are being destroyed by Black Lives Matter. Turns out one of the primary reasons so many banks are in big trouble is because they contributed some 73 BILLION DOLLARS to Black Lives Matter and related spin-off organizations. None of these donations were legal, because they put the banks’ balance sheets in jeopardy, but as we know already from the related failure of Sam Bankman-Fried’s FTX fund (which now appears to have been created primarily to launder money and funnel it into the Democrat Party and BLM), illegal massive political donations due to the need to virtue signal is a Big Thing.
What is not ironic but scary about these bank and investment fund failures is the crisis opportunity it is creating for advocates of digital currency. And digital currency means just one thing: Slavery. Slavery through government control of how, when, and where you spend your own money.
Digital currency has nothing to do with convenience. No one really cares about that. I mean, how inconvenient is it really to pull a twenty dollar bill out of your wallet or purse and pay for gas, groceries, or lunch out with a business colleague? Paper money and coin is not only plenty convenient, it is the hallmark of a free person making free market decisions. No one else controls how much of your own money you decide to spend.
On the other hand, digital currency will always be directly controlled by the government. No matter what empty promises are made about digital currency’s privacy, there is only one reason for it to exist, and that is to put government bureaucrats in charge of your own finances. And as soon as you have digital currency, the government can turn it on or turn it off, take it away with the push of a button, or block it from being transferred to a person or business because someone in government does not like what you are trying to buy. Like maybe a gun, or a gasoline powered car, or firewood, or clothing made by a particular manufacturer.
Government control of your spending choices is slavery. You will not be able to make your own decisions. This arrangement is being pushed by the same exact people in government (the current administration) who wanted to monitor every withdrawal and expenditure above $600.00 that you and I make, and who wanted to limit your bank account, and who now have the Internal Revenue Service digging deeply and illegally into every financial decision we make, looking for the smallest of discrepancies to then come down like a ton of bricks upon each of us.
Digital currency is government gone wild, driven by bad people who do not like your freedom. These are people who really truly believe that they know best how you should spend your own money, and they are now trying to use government to set up everything so that you are hemmed in on every side and can only do what these bureaucrats tell you you can do.
It is difficult to tell how many Americans are catching on to this situation. So many Americans wrongly believe that America is too big to fail, even while America is failing right under our feet and under our noses, right in front of our faces. The Silicon Valley Bank failure is bad enough, and its reasons for failing are bad enough. But the ripple effect and bigger outcomes from its failure are really, really bad. Incredibly bad. Much worse than just a handful of banks going insolvent. The use of this growing banking and “financial crisis” to implement digital currency so that we go from being a free people to an enslaved people is the worst part of it.
Say No to digital currency. Say Yes to your freedom to decide how and where and when you will spend your own money. Resist and push back against the evil people who are seeking to take over your life by controlling your financial decisions. Or, don’t resist, and then don’t complain when you find yourself suddenly enslaved to totalitarian government in heavy chains of iron.
And if you are thinking ahead about your own freedom and ability to be self-reliant and independent, then you will be growing a substantial garden, keeping some chickens, and thinking of ways you can participate in a barter system that keeps government hands off of you.
