At the G20 meeting last week, cryptocurrencies were at the top-of-mind during presentations by the International Monetary Fund. The group is working on regulations for cryptocurrencies which would neuter them by removing the most appealing aspect about the burgeoning industry.
Ironically, their claim that there is currently “no talk of banning cryptocurrency” hit hard on two levels. First, the need to even state that they’re not talking about it yet means they plan on talking about it in the future. Second, it lines up with theories that the powers-that-be will attempt to piggyback on the popularity of blockchain currencies to force the centralized and fully-controlled digital currencies they want to roll out to the world.
Let’s quickly explain the huge difference between cryptocurrencies like Bitcoin and CBDCs like the upcoming “Digital Dollar.” With cryptocurrencies, there is inherent security and privacy because they are decentralized. They aren’t foolproof but they currently act as a relatively untouchable way to hold wealth, albeit in a volatile environment. CBDCs are, by their very nature, centralized and controlled. They may share similarities from a technological perspective but they are diametrically opposite when it comes to authoritarian control over them.
If the globalists, central banks, and most governments have their way, they will regulate cryptocurrencies, then pull a switcheroo and replace them with Central Bank Digital Currencies.
As reported by Madeleine Hubbard at Just The News:
A global consensus on cryptocurrency regulation is emerging from the G20 Summit in New Delhi, India, officials said Sunday.
Gita Gopinath, the International Monetary Fund’s first deputy managing director, said in a video that the Group of 20, which is currently led by India, “helped shape a global perspective on how policymakers should deal with crypto assets.”
IMF Managing Director Kristalina Georgieva said India led the way in “setting up a road map for crypto regulations,” and that her organization is “contributing to proposals for a comprehensive policy framework.”
Gopinath said that although principles have been agreed upon, “there is no talk of banning cryptocurrencies, indicating a global consensus against such measures,” according to Indian outlet Business Today.
Rather than legalizing cryptocurrency assets like Bitcoin as legal tender, the guidelines suggest creating licensing and registration processes for crypto asset issuers, focusing on treating the activities similarly.
For the last few years, it has been challenging to deny the benefits of cryptocurrencies in their current form. We promote physical gold and silver because they protect wealth in a tangible form, but cryptocurrencies have enjoyed other benefits that have made them smart investments in the eyes of many.
That appears to be changing.
Letting the globalist elite cabal regulate cryptocurrencies is like putting arsonists in charge of the fire department. They are threatened by cryptocurrencies, but their beloved CBDCs can fix it for them.
What are your thoughts? Leave a comment at our Economic Collapse Substack.
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
