“MARK MY WORDS! Central Banks Will Send BTC & Crypto Straight to the Moon” – Raoul Pal (my view on economy)

I haven’t followed much Ukraine news for over a week. Lately, with the yen carry trade unwind, I’ve been focused specifically on economics. I posted videos before with Raoul Pal. While he’s insightful, he’s not entirely honest when blaming what happened on simple people, as he mentioned in the last video I posted:“Politics has gone like this because everybody’s so bloody angry. They can’t figure out who’s screwing them, and they’re blaming each other. What screwed them is that there were too many old people, and they borrowed too much money.”This is complete nonsense, which is explained in another video also attached to this post. All of this started in 1995, during which the fight was on to help low-income earners. The U.S. government passed laws to decrease discrimination against poorer home borrowers. Banks lowered lending requirements, offering packages like reduced payments for several years.Soon after, in 1999, the U.S. government repealed a law that stopped commercial banks from participating in investment banking activities. This law was the Glass-Steagall Act, which was ironically enacted in 1933 to stop the speculation that fueled the Great Depression. Its repeal in 1999 was a fatal mistake. From that point on, banks that had previously been conservative turned to riskier investments, all in an effort to increase their returns. Banks cared less about their customers and more about Wall Street profits. According to Nobel economics laureate Joseph Stiglitz, this move played a significant role in the financial collapse that followed.Here’s the current situation, as well described by Raoul Pal:7:32 “What they’re actually doing is devaluing the purchasing power of money by 8% a year, which is the increase in global liquidity. But most people don’t understand it. You have a savings account, you think you’re doing all the right things, and suddenly you still can’t buy a house, can’t buy as many shares of Tesla as you wanted, and can’t buy as much gold as you wanted. You’re like, ‘Why? I’m saving money, I’m working hard, but I can never get up the ladder.’ That’s what debasement is about.What it’s done is cause everybody to become a risk-taker, and this is an important point. Of all the assets we monitor at Exponential Asset Management, only two beat the 8% debasement plus, let’s say, 2 or 3% global inflation. So around 10% is the hurdle. The S&P roughly keeps track of it, the NASDAQ has done 17% a year in returns since 2011, and Bitcoin does 140%. Gold doesn’t meet it. Almost nothing else meets it. So, you’re really herded into two assets that can actually beat this and make you money, so your future self gets wealthier.People have been incentivized to do that. You might say this is crazy because people are taking such risks, but there’s another piece of magic that happened: the Federal Reserve and the government understand this. They understand we have a lot of debt, and the collateral of that debt is the savings and investments of the population. They don’t allow it to go down much.If you saw last time, the S&P got down 30% in 2022, and liquidity came back. They’ve stopped markets from falling 50%, 60%, 70%. Sure, different stocks and crypto can fall, but they don’t allow the collateral to fall. What it means for all of us is they’ve taken the big risk out. We’ve talked about the “Fed put” for years, but we didn’t fully understand what it meant. What it means is this: if you’ve got a lot of debt, your collateral is what you pledge against that debt. The whole system is built on this. What blew up in 2008 was house prices going down, while everyone’s loans were still high.If you think of the whole system—the banks, asset management firms, leverage, private equity—they don’t want the equity to go down because that’s the collateral. They’ve allowed the bond market to go down because, in the end, it gets repaid, so it’s just a mark-to-market loss. But in equities, when you’ve got this massive retirement system, they don’t want that. This “Fed put” is part of the “everything code,” where they’ve stopped that event.They SUNTIK4D SLOT debase the currency to erode the debt and make the interest payments, because otherwise, they’d never be able to pay the interest. You’d eat up all of GDP growth just to pay the interest, because it’s 100% of GDP. And they stop the big, bad event. What that gives you is the greatest macro risk-taking opportunity of all time. It doesn’t mean the business cycle is gone, but overall, you’ve got the best risk-taking cycle in history.”As I wrote before, it’s nice to hear someone admit that the crisis from 2008 has never ended. We need to remember we didn’t reestablish the Glass-Steagall Act, nor did we break up the “too big to fail” institutions like the banks. Instead, we allowed their further consolidation, making them even bigger. All the practices that caused the last crisis didn’t stop; they just changed their names and continued. So, how can anyone think we fixed the economy after 2008? We only kicked the can down the road.Now, some of my speculation (which I cannot confirm): in my opinion, asset managers like BlackRock have significant losses on their balance sheets that we don’t know about. That’s a problem for them, and they can’t keep those losses hidden forever. They will eventually have to deal with them, and I have suspected that they will create a big conflict to distract people from what’s happening and even blame it on an “enemy.”Here’s a fragment from a bigger video by Whitney Webb, which I posted: https://youtu.be/3capKnik0Lc?si=ig7fFzMEwJvtnd11 0:00 “U.S. intelligence, or really any intelligence agency today, can frame anyone they want for a cyber attack. We know this from one of the last Wikileaks releases called Vault 7, where it was revealed that among the CIA’s hacking tools was the ability to place the fingerprints of adversary states—or really any group they wanted—into hacks that were actually conducted by the CIA itself. Basically, a tool to create cyber false flags for any purpose.The current CIA director was the person in charge of the Carnegie Endowment when they created these papers with the biggest private banks and central banks in the world, discussing a cyber attack on the financial system and how that would push for a merging of data sharing between banks, the CIA, and intelligence agencies.”4:02 “Something similar to the argument made for social media companies censoring content is that they are private companies, so they can restrict speech however they want. But we now know that their restrictions on private speech have been a result of public sector pressure.Again, people need to keep in mind that this is a public-private partnership—this is the prevailing model in the United States. The digital dollar in the United States is also going to follow a public-private model. You’ll have the Federal Reserve, the central bank, working with the private banks that own the Fed, and the partnership between them will be the system. It’s not going to be all public or all private; it is a partnership.”9:16 “I think there’s essentially a consensus that another significant financial crisis is likely in the next several years. If you’re one of the big banks and you know that’s going to happen, you probably want to avoid a scenario like 2008, where the public knew you were the source of the mismanagement and economic problems, which spawned movements like Occupy Wall Street. To avoid that, what’s the best way to absolve yourself of any blame for mismanaging or losing people’s money? If you can claim that hackers took it, then you’re absolved, and the hackers are to blame.U.S. intelligence, or really any intelligence agency today, can frame anyone they want for a cyber attack. We know this from one of the last Wikileaks releases, Vault 7, where it was revealed that the CIA had hacking tools capable of placing the fingerprints of adversary states—or any group they wanted—into hacks that were actually conducted by the CIA itself. Essentially, it’s a tool to create cyber false flags for any purpose.The current CIA director was in charge of the Carnegie Endowment when they created papers with the biggest private banks and central banks in the world about a potential cyber attack on the financial system and how that would push for merging data sharing between banks, the CIA, and intelligence agencies. I think one of the reasons they want this new system, which ultimately amounts to a control system, is because they see it as the ultimate form of risk management. By surveilling people constantly, they can turn their money on and off, along with their access to services, under the digital ID functionality. It’s a way to keep people in line that didn’t exist in feudal Europe, but they’re clearly moving toward that model.It’s interesting because the UN essentially admits this. They talk about how the acceleration of the adoption of digital infrastructure is exacerbating the wealth gap and making billionaires even wealthier. But the billionaires and bankers are the ones designing these UN policies. People like Mark Carney, Mike Bloomberg, and Bill Gates are influencing these policies more than anyone. They admit the wealth gap is widening, yet we’re moving full steam ahead on these policies anyway.So, it’s obvious this gap will continue to grow, and many of those designing and maintaining this technology will be in a very different class than the rest of us, who are having this system imposed on us. We’re not the ones designing it, and we don’t have a stake in the stakeholder capitalism model.”CRISIS POLITICS: A Means of Control | Whitney Webb | BIG PICTURE10:31“During the COVID crisis, there was noticeable overlap between the World Economic Forum (WEF) and events like Event 201. People paid significant attention when the WEF launched its Cyber Polygon simulations, which were focused on cyberattacks. At the same time, Klaus Schwab, the well-known face of the WEF, predicted a “cyber pandemic” that he said would have consequences far more significant than COVID’s impact on society.The idea of a cyberattack seems contradictory, considering that during the COVID era, society was pushed increasingly from the physical world into the digital world. Now, the digital world is under threat from these cyberattacks. The ultimate goal may be to use cyberattacks as a means of centralizing control over the digital world.With these simulations, one might wonder: will this come in the form of a false flag hacker attack? Who will be the villain in this scenario? A key aspect often overlooked with Cyber Polygon and similar simulations is the involvement of big banks, and in some cases, even central banks. There’s a major banking theme here, suggesting that the “cyber pandemic” could potentially target the financial system to a significant degree.”Get ready for a big conflict and significant hacks on financial institutions by our so-called “enemy,” which doesn’t exist. That will allow BlackRock and others to finally liquidate their losses under the disguise of a hack. This will be followed by pushes for digital ID and digital money under the pretense of preventing such events in the future.What I’m afraid of is that, just like with the Patriot Act, which removed many civil liberties under the fear of terrorism, people will be scared into accepting it. The same happened in 2008 when people accepted giving national money to Slot Starlight Princess private institutions out of fear for the global economy. Let’s not forget the bailouts weren’t socialism; if they were, those banks would have been nationalized. This was private communism—essentially the final stage of capitalism. COVID is another example—freedoms were taken away, but fear made people accept it.Now, a big conflict, a large financial hack, and severe economic problems—will it be enough to force people to accept digital IDs and digital money? Only time will tell. We can only hope and try to inform people.“You shall know the truth and the truth shall make you mad.”― Aldous Huxley