While you are distracted, The Gov is quietly sneaking new legislation to change banking and, this has a massive impact on you, your privacy, and your money
A Thread 👇
1/ as most of you have seen, the Gov has been sneaking in all types of new reg's into Stimulus bills. The Crypto world united to push back on the changes to sneaky regs, and... The pending $3.5 T bill has plenty including turning banks into Spying Assets and Weaponizing the IRS
2/ To "pay" for spending bill, they must try to "find" the money, by tightening holes and increasing taxes. Idea is to monitor every single bank account with $600+, and report every single transaction including, Venmo, Paypal, and Crypto to the IRS, for full ongoing audits
3/ There are numerous problems with this. Let's look at 3 briefly. 1st, the Bank Secrecy Act of 1970 did require banks to keep records and report on "CASH" transactions of $10,000+ but... $10k in 1970 is equivalent to $69,091 today. So that limit should go up, not down to $600!!
4/ 2nd, this violates many laws including "Right To Financial Privacy Act 1978" which "LIMITS" Gov's ability to access financial records. Requiring Gov to "deliver legal notice" and allow customer challenge, "before" access, and only allows 6 reasons as shown below
5/ 3rd, the 4th Amendment of Constitution reads: "The right of the people to be secure in their persons... against unreasonable searches and seizures, SHALL NOT BE VIOLATED"
We are INNOCENT until PROVEN guilty, not GUILTY until proven INNOCENT!
6/ 4th, a MORE SERIOUS PROBLEM is the IRS has a history of weaponizing against specific groups, to threaten, harass, and shut down. Under Obama Admin, IRS targetted "tea party" groups
7/ This isn't partisan, anyone with this power could use it against the opposition, which is exactly what the Obama Admin did. IRS Chief Lerner lied under oath, claimed the 5th, but information released showed the crime and the lawsuits and claims were paid out for damages
8/ What most are missing is this is also an ATTACK ON THE BANKS! Passing these types of surveillance requirements onto banks, forces them to deliver data they are not able to collect, to spend huge sums of money to attempt to comply, most won't be able to & will be in contempt
9/ Enter CBDC's. Central bank digital currencies are now being promoted as "Giving us more privacy" and are being used as the old "drop sell technique" as in hit you with something so hard, so server, so invasive, that the lesser CBDC now seems like an easier and better option...
10/CBDC also allows the central banks to open accounts directly to the people, bypassing the need for commercial, local, regional banks and ultimately even bypassing Gov Central Banks and just allowing the IMF to issue CBDC's directly to the people, compressing the stack
11/ Are Cntrl Bnkrs taking over the world? limiting choice & consolidating power
More evidence we are approaching PEAK GLOBALIZATION, but... the pendulum is about to swing the other way
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Labor Day is to honor the achievements of American workers, but the Fed has been screwing them over for decades
A short thread with some stats and numbers 👇
1/ it wasn't that long ago, retirement was possible if you saved some money...
From 1960s to 2007, the avg int paid on a 10yr gov bond was 7%. If you worked hard, saved in a bond portfolio, reinvested interest, $100k would grow to $750k in 30 yrs. Enough to have $52.5k per year
2/ But, when the Fed Res decided to wage a “war” against deflation during the 2008 Financial Crisis, it also waged war on Workers & Savers because to save the stock market, the Fed cut interest rates to near zero.
You and I, the American savers and retiree – got screwed. - How?
🚨Fidelity Predicts #Bitcoin Price In 5, 10, 15 years!
But more important than "where" the price goes is "how" it gets there, what are the key drivers and indicators, what is the important data to watch as this thesis plays out
A Thread 👇
1/ First about @Fidelity, one of the largest investment firms w/ over 26m customers, $6.5T in customer assets, and $2.4T global AUM. They have been mining Bitcoin since 2017, started Digital Assets in 2018, Investing in BTC companies in 2020, and providing BTC loans in 2021
2/ Before looking at price, lets understand it better. Always about SUPPLY v DEMAND
An S Curve helps us understand the adoption cycle or time frame. The rule is the time it takes to get to 10% adoption is the time it takes to go from 10%-90% adoption. Should see 90% by 2029
🚨China just made their 2nd Fatal Mistake In 100 Years
While most know China's banned #Bitcoin mining, many are speculating why they would do this, I believe the answers are laid out for us in history and they're repeating the same crucial mistake again...
Time for a thread 👇
1/ First what just happened? While many have argued China-controlled #Bitcoin because the majority of mining was taking place inside their country, this argument is now dead as #BTC miners have been kicked from the country
2/ As China did have the majority of the mining, it was a major attack, with about 53% of the hash power turned off. But, the worst is behind us now, and this is a net positive. Decentralizing the mining to more locations and countries and proved how resilient the #BTC network is
🚨The 3 Letter NGO's: IMF/WEF/WHO/WTO and UN, all have an agenda to control every aspect of your life. They tell us on Websites, Books and Speeches. They have a plan to accomplish it, that most are missing
Understanding it is the first part to defeating it
Time For A Thread 👇
1/ A Push To Totalitarianism -
forget all the "ism" words that get confusing. Socialism, Communism, Fascism, Capitalism, etc...
There are only 2: (1)Centrally planned, controlled, captured. And (2) free, open, and competitive. easy to see we're moving from a free to controlled
2/ The Move To Totalitarianism happens in stages, by triggered by "FEAR". If they can scare us enough, then we need them to protect us. We need safety, right?
by creating a victim mentality, we then search for a savior, and the state is standing by...
🚨 The American Dream is being stolen, turning the "land of opportunity" into a "Land of Serfdom" right in front of our eyes
It's happening with just a few policies and a money printer, BUT... we have a solution to stop this before it's too late!
time for another thread 👇
What was once the greatest driver of household wealth, has now turned into the:
Greatest "Wealth Heist" - This particular wealth transfer started with the 2008 Great Financial crash and has only picked up steam, but...
it really started back in 1994, so...
let's go back in time
It started with President Bill Clinton in the early '90s. 1st he legalized interstate bnkng, 2nd allowed commercial and invstmnt bnks to combine, but it really got started with our buddy Andrew Cuomo, then Sec of H.U.D, with what was known as the "National Homeownership Strategy"