QUESTION: I understand that you dispute that cryptocurrency is a store of wealth because it is outside the central banks. Is this your position? Could you explain?
Respectfully submitted
Josh
ANSWER: Whoever made up this BS is most likely from the Deep State trying to control capital flows and economically imprison everyone. There is ABSOLUTELY NOTHING that is a store of wealth. Looking, Investopedia defines this term:
“What Is a Store Of Value?
A store of value is an asset, commodity, or currency that maintains its value without depreciating. “
It does not matter what money might be. There has been a boom and bust in every economy regardless of what they have used for money. This is an entirely Marxist Utopian idea. Why? Because to be some store of value means it CANNOT FLUCTUATE!!!!! This has stemmed from people who (1) do not understand that there are business cycles and (2) think, like Keynes and Marx, that the government can eliminate the business cycle and smooth out the economy. I had a conversation with Paul Volcker, former Chairman of the Federal Reserve. Paul admitted that the business cycle always won and that the “new economics” (Keynesian Economists) failed back in the 1970s (see his Rediscovery of the Business Cycle).
Arthur Burns, Fed Chairman, came up with the same conclusion when Bretton Woods collapsed: that the business cycle always wins. Everything rises and falls based on supply and demand. Anyone telling you that Bitcoin is a “store of wealth” is either outright lying to you or they are ignorant of what they are talking about. Nothing ever is a store of wealth because everything rises and falls.
This is why the central banks cannot control inflation, no less money supply. I you sell an office building for $1 million to another person in your country, the money supply is not impacted. However, if you are in Britain as back in 1985, when the pound fell to $1,03, Americans were buying up everything like it was on sale at Harrods. The Brits thought the Yanks were crazy buying at the top of the property market and they were wrong for everything boomed thereafter. Why?
If I bought an office building in London at that time, I would have to bring in the cash from America, convert it to pounds, and buy the building. Thus, I increased the domestic money supply with important cash, and the central bank had nothing to do with that. NOTHING is a store of wealth EVER, no matter what it is, because everything will rise based on demand and crash when you can’t give it away.
COMMENT: Mr. Armstrong, I have written to RFK, Vance, Trump, and several Congress asking them to please pay attention to Socrates. Not a single one has ever gotten back to me. I have no faith that Trump will do what he says and all this tale of Greenland and Canada instead of the real issue of the swamp. Do you have any faith that his administration will do as he said?
P
ANSWER: No. You will NEVER get through to any of them because they are all doing the same as everyone else in the swamp – the staff runs interference. There are some people who have been trying to contact Trump. They have asked me if I would agree to meet if they can get a meeting. I politely responded sure, but I doubt any of them would agree to meet because their staff will not allow such a request to get through. Welcome to the SWAMP, which is really an ocean.
I have no real faith that we will see meaningful change for staff to prevent it. There are those who have ideas, and they see this as their turf now, so how dare you walk on their grass? Look, when people get to Washington, they see it as their achievement. They are not there to listen to us, the scum of the earth.
I cannot convince them about how to actually save the country. They are part of this crash and burn. My role is not to prevent it but to perhaps guide the recovery. But they will NEVER listen to me to prevent anything. They cannot see beyond the tip of their nose.
Washington DC is creating a surveillance state. We can debate the motives and intentions behind it, but the core of their creation aligns and supports a fully comprehensive American surveillance state.
We cannot be intellectually honest with each other about how the tools of a weaponized government were deployed against Americans, specifically in the example of presidential candidate Donald Trump, without accepting the tools exist for far more consequential reasons than just Donald Trump.
In this segment from April of 2024, Tucker Carlson (motive irrelevant) accurately outlined the purpose of the Foreign Intelligence Surveillance Act (FISA) and how that legislatively created tool is being used by Washington DC, both parties.
Within this monologue Tucker Carlson hits on some accurate points to share with his audience. The commentary about HPSCI Chairman Mike Turner is spot on accurate. The IC pressure meetings are also true {SEE HERE}. The analysis of Speaker Mike Johnson also appears to be widely accurate. WATCH:
My personal experience with the IC surveillance state mirrors that described by Tucker Carlson. As you step into the world of real data, unfiltered by the systems intended to control our perspectives, the system tends to see you as a threat.
Ongoing research into the dollar-based Central Bank Digital Currency (CBDC) has made the surveillance system much more visible. All of these systems (Real ID, Digital Identity, Facial Recognition, metadata collection, AI search and result capability, etc.) are eventually going to merge and connect, unless we do something to stop the people who are creating this system.
Previously in 2013, Harvard Law professor emeritus Alan Dershowitz and former Department of Defense Chief of Staff, Kash Patel, appeared on Fox News with Maria Bartiromo to discuss President Donald Trump’s criminal case, the J6 targeting and the use of FISA-702 to conduct political surveillance.
I am prompting the earlier video to 02:20 to focus one aspect of the interview on the 2013 Republican led FISA-702 reauthorization and extension. I agree with almost everything Mr Patel says about the ramifications of the GOPe House, led by HPSCI Chairman Mike Turner, and the FISA extension. However, there is also an aspect that 99% of everyone misses, and within that dynamic we become victims to our own willful blindness. First, watch the segment on FISA-702 (prompted):
The CIA director, NSA director, ODNI, FBI Director, etc are not in charge of the compartments they represent. They are simply functionaries -middle men- who operate in the space between where the compass points are directed, where the data originates, and oversight of that data that is ultimately filtered and delivered to the functionaries, who then brief the representatives…. who then create policy… albeit flawed policy…. based on a very specific, controlled, compartmented and skewed information flow. (more)
The value of Kash Patel’s institutional currency is connected to this access, even with Republicans in charge. The same is true for any other member of the Intelligence Community, including John Ratcliffe, current CIA silo nominee.
As a result, the corrupt DC functionaries operate without any accountability, no corrective action ever takes place, no accountability is metered out, and WORSE…. an oblivious public cheer on people like Kash Patel and many others who give the illusion they are railing against corruption.
For those who choose denial and pretending over the brutal reality, their criticism of me is irrelevant. The truth exists regardless of our comfort level.
Accepting we are abused victims to professional gaslighting, manipulation and Machiavellian deceit, carried out by those who claim to be our allies, is painful and unnerving. However, failing to accept the reality only retains our status as victims; we become codependent enablers and battered conservatives. The surveillance system continues to be assembled and refined. It is a remarkable dynamic.
Many people can now see how DC functionaries played this intelligence game against President Donald Trump, using the false justification of “national security.” However, those same voices cannot see how we are continually being played by the same defenders of a corrupt system within DC.
Changing the system first begins by awakened people thinking about the long-term ramifications from what is being assembled. What is the value of national security, when the liberty that secures the values of America is destroyed in the process?
Either the Fourth Amendment means something, or it does not!
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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