Sunday Ramble
The throughline I’ve been gathering the last few days seems to be picking up a bit of steam. If you’ve not been watching the corners of the interwebs I’ve been perusing — and they are obscure — you’re likely not coming across it, so I thought I’d share it for Sunday’s Ramble.
What am I speaking about? The Great Reset, aka, Build Back Better. You may recall that I wrote in the past concluding how the current pandemic is no longer about health, and I theorized that it’s more likely about resetting our monetary system, which seems to be dying on the vine. That may still seem like a far-fetched idea, but more signs are pointing that way. From a central planner's point of view, the least chaotic way to reset the monetary system is for the central banking system to control people’s money directly. That would mean moving the populace from their banking deposit accounts to a centrally owned and managed banking system. Joe Biden’s nominee for Treasury is espousing just that in this incredible one-minute video I stumbled upon in my Twitter feed a couple of days ago.
Did I hear that right? The likely head of the Office of the Comptroller of the Currency, or OCC, says that private bank accounts should be held directly by the Federal Reserve to make it easy to helicopter money in and out of people’s accounts? If alarm bells, flashing red lights, and bells and whistles aren’t blowing in your synapses, you may be under the impression that this is a minor deal. It’s not. It’s radical.
So how in the world would something like that come into being? Well, it’d have to get there by way of a technology platform, or app, that most everyone in the country would install on their smartphones. And how would the centrally planned system decide who gets what amount of money deposited and withdrawn from their account? Probably by some type of social scoring system. Is there any chance this type of technology is starting to make its way into the populace’s hands? It certainly looks possible if this flyer advertising the nation’s first Digital Driver’s License pilot in Utah is any indication.
Now, to be fair, I cannot find this information directly on the Utah website. And the news is controversial, as is reported here. The point I want to drive home is not that this is happening right now, but that this technology is WHAT IS NEEDED to get to a digital wallet that the Federal Reserve can control like the nominee for the OCC desires. Once a digital identity system is in place, it is relatively trivial from a technology standpoint to add additional track and comply components into it. If everyone’s identity is confirmed via an app on their phone, who is to decide what is acceptable for citizens to access and who is to determine what isn’t? It allows politics to intercede in the movement and actions of individuals. That should concern most everyone since politics changes, but the digital identity platform will be here to stay once in place — how often are governmental programs phased out, after all?
I can’t describe this any better than Catherine Austin Fitts, investment banker and former Assistant Secretary of the Housing and Urban Development for Housing under George W Bush. She’s made a career out of shining a light on criminal fraud in the government, specifically the funneling of tremendous amounts of money into US black operations. She was part of a duo who uncovered $21T in unauthorized spending at the Department of Defense in a 2017 report. $21T is an absurd amount of money. Insane. Let me put some 0s behind it so you can see it in full glory: $21,000,000,000,000. But I digress…
Here’s her take on the draconian plague laws that have been put in place in response to COVID-19 and where they are taking the US. If she’s not a whistleblower that should be listened to, I don’t know who is.
How are we allowing this to happen to ourselves? The good ol’ divide and conquer. It has never been more masterfully executed than the current vaxxed versus unvaxxed schism pitting otherwise rational individuals against one another. My family members are included in this, and I’m sure you may be experiencing the same. But how is that divide and conquer being done? By discrediting natural immunity and replacing it with pharmaceutically-derived antibodies. There’s not a better 2-minute video I can share than Bill Mahrer’s take on the absurdity of an entire populace turning its back on itself.
With less than 1% of the infected population winding up in the hospital, Americans are allowing the fear of being part of that 1% move them irrationally towards a centrally planned and controlled future. History teaches us that there is a consistent and tragic end to that story.
Rad Things on the Interwebs
While Natalie may have a colored history, spouting Bitcoin views on the mainstream media for the average person to hear is nothing short of astounding!
Bitcoin Price Prediction
Weekly Range: $58k - $80k
The song remains the same from last week to this week: $58k - $80k is the range we’re most likely to see this next week. Last week, we primarily saw accumulation as the price closed higher than the prior weekly close. The weekly chart suggests that despite the intense selling last week, a strong bid is consistently buying up the dips. Though I was more optimistic that we’d break free going into this last week, I remain confident that we’ll be seeing the last of the $60k range before too many more weeks pass. This week could be it. Looking at it from the bearish side, the bears need to push the price below $62k on a daily close for the door to lower prices to open. It seems unlikely that will occur, but as with any market, anything can happen at any given time, so it’s always good to be open to possibilities.
Bitcoin Q & A
Q: What is Taproot?
A: Taproot is an upgrade to the Bitcoin network.
Taproot went live this weekend, marking the first significant upgrade to the Bitcoin network since 2017, when Segwit was activated. Taproot will allow for a consolidation of address types, making it impossible to distinguish between various types of wallets: multisig, conjoins, single wallet addresses, and opening Bitcoin lightning channels. At its core, Taproot increases Bitcoin’s ability to do more complex transactions — possibly even smart contracts — while increasing privacy. Unfortunately, just as it has taken many years for the benefits of Segwit to play out, e.g., the Lightning Network, it will likely take many years for the benefits of Taproot to become apparent.
Do you have questions or Ramble topics? Leave a comment or reply to the newsletter to reach me.
Bitcoin donations accepted
Appointing an economist who was trained in Russia??? I can’t handle the brilliance of this administration. It’s like it’s being run by James Bond villains.
And the vaccine mandates … if covid was a disease that killed 70% of the people it infected, the yes, I might be on board. IF the mandate applied to everyone. And these current mandates - and attempts at mandates - don’t apply to everyone … so what’s the deal? I like your angle, Kent. I know we talked about it a couple of months ago (great to see you, btw!), but I still think you’re spot on.
(Side note: if they really cared about saving lives, they’d mandate the flu vaccine for teens … NOT push (and eventually mandate??) the covid vaccine on kids - the population least at risk. That’s just dumb.)
Sometimes I wish it was 1950. It stinks having a front row seat to what looks to be developing into the disintegration of America.