"The closer the collapse of an empire, the crazier its laws." -Marcus Tullius Cicero
Who would have expected the NeoCons to collaborate with the Marxists to destroy the Republic? Well, I would have -- Statists =Totalitarians. Hitler & Stalin were fundamentally alike, not really philosophical enemies at all. -Fiz
http://www.zerohedge.com/news/2023-04-20/i-want-bitcoin-succeed-oh-how-i-want-it-succeed
Senate, White House push new bipartisan bill that could ban TikTok
Ostensibly all of this is about countering Chinese influence, data gathering, and psyops. In reality, it’s about implementing a worldwide industrial level surveillance system.
A friend of mine summed it up well:
In summary, the way I’m reading the bill, if you use any tech in a way that a bureaucrat doesn’t like, or if you think you will in the future, or if they think you did at some point in the past, no matter where you are in the world, and no matter your citizenship, the US may sentence you to 20 years in prison and/or $1 million fine per instance (or twice the value of any “transaction” they think you made if higher) and they may also seize and property they consider connected. And all of this may happen in secret, without any courts involvement.
For your safety, of course.
Oh, and all are excluded from FOIA, congressional oversight, or any other checks or balances. They make it especially clear that if they say you disagree with their statements regarding the results of an election, you’re also particularly subject to these penalties.
This is arguably the most totalitarian bill I’ve ever seen. It is likely to NOT be upheld in certain states, as per topics just discussed. That means that the divorce of States within the USA is coming.
Bringing it all back to bitcoin… In the short to intermediate term, I think it can and probably will do quite well, but unfortunately I just don’t see it working long term. Those with the guns (governments and central banks) don’t buy bitcoin and they’ll never ultimately allow it.
I pray I’m wrong!
- Chris MacIntosh
Capitalist Exploits | Glenorchy Capital Macro fund | Subscribe to Insider | Rebel Capitalist Pro