Iran, Iraq, the Fed and your 'money:'
The whole charade of "the economy" may look like economics instead of what it really is — control of assets with paper money or credit. This little item seems to escape everyone. Establishment rhetoric has desensitized us.
Has anyone ever observed that they do not teach true monetary theory in the United States at any college or university? Only "economics." The establishment cannot allow the people to understand monetary theory and truly the people don't have a clue.
This system of control must be forever a state secret. The public must never know that their savings and production is constantly expropriated and used to keep them on a leash. If the people were taught monetary theory, they would know what the government and the central bank are doing to them. The establishment will manipulate anything and everything.
"Money as a System of Control," is a speech, available on YouTube, by Andreas M. Antonopoulos, a technologist, bitcoin expert and serial entrepreneur. It is an excellent explanation of how the government began to use money to control the population.
Mr. Antonopoulos explains it all very well in his talk. Here are the most relevant remarks:
In 1970, Richard Nixon signed the bank secrecy act and turned money into a system of control; A system of control that attempts to use money as a political tool in order to control who is able to send and receive it, who they are able to send money to, and aims for the complete surveillance of all financial transactions worldwide.
In 1970, Richard Nixon deputized the financial services field and turned it into a branch of law enforcement beyond borders, beyond jurisdiction, beyond due process, beyond political control, beyond recourse.
... a system of control corrupts the basis of money until it can no longer function as a medium of exchange and breeds exclusion. Entire countries are being cut off from financial access. You don't act in the best interests of the U.S., you lose your SWIFT code. You are no longer part of the wire transfer network. You must submit to the universal jurisdiction of American courts, like Switzerland had to do, or you lose access to international banking and the reserve currency.
You can't store value in a currency that can be confiscated at whim, frozen by any cop or banker at any time. That's not a stable store of value. You can't use it as your currency reserve or exchange reserve to buy oil if you're a country because if you cross the superpowers they will cut off your access and you will not be able to use oil. You can't use money as a medium of exchange if you can't exchange it freely with whomever you want.
The banks now play cop for the worlds superpowers. ... You don't "have money in a bank." It's not your money. You have an account ... a construct that maybe entitles you to withdraw at the pace they want. Unless you associate with the wrong people, go to the wrong protest, vote for the wrong party. This is every dictator's dream because it ensures political dissent can be snuffed out at the bank very effectively.
In case you don't believe Mr. Antonopoulos, you should know that the Trump administration has warned Iraq that it risks losing access to a critical government bank account if Baghdad kicks out American forces.
Zerohedge points out: "The New York Fed, which can freeze accounts under U.S. sanctions law or if it has reasonable suspicion the funds could violate U.S. law, said it doesn't comment on specific account holders, but as WSJ notes, this financial threat isn't theoretical: The country's financial system was squeezed in 2015 when the U.S. suspended access for several weeks to the central bank's account at the New York Fed over concerns the cash was filtering through a loosely regulated market into Iranian banks and to the Islamic State extremist group."
So you see, money supersedes political party. It is now outside the law. The only way the dollar — or any currency that replaces it — will lose the power of control is if a currency exists outside of the corruption of the state and government.
Right and wrong
There are a few people who, while they may not come close to understanding paper money, debt and credit as instruments of restriction and control, can sense that everything is not right, and so have a basic instinct to buy gold and silver coins.
Gold and silver have always been rare and precious to humans, and they have the quality of a store of value and medium of exchange built in, which is why they will always be of use as money. Yes, the government always seeks to control everything around these non-central bank currencies, tries to confiscate them and often attempts to rig the market for them. But gold and silver themselves can't be corrupted, so they are ideal as stores of value.
You should now also be aware of why the Chinese government was so adamant for years about making its currency, the yuan, legitimate on the world stage. Not because the Chinese wish economic viability. They have that already. No, the communist government craves money's new function as a system of law enforcement, surveillance and controlling the people. China has learned very well how to spread its fake fiat money around the world, building entire systems of infrastructure in Africa that it owns. It now controls African nations in the same way Western powers have done around the world for years.
I still believe in gold. I always will. But I am also for any currency – including cryptocurrency – that enables freedom of trade and a free economy. That is obviously not the dollar, although you need to hold some cash as long as the U.S. is still a world power. The dollar is there to control you, through debt, restrictions and surveillance, as you have just read.
I am truly sorry if this makes you feel less free, but it's up to you to protect yourself and your loved ones. The government does not wish to do it for you. On the contrary... as the recent threats regarding the use of the "non-political" Federal Reserve to wield geopolitical power around the world clearly show.
Yours for the truth,
Bob Livingston
Editor, The Bob Livingston Letter®
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