Thread by @davetroy

1/🚨 The Jan6 attack, crypto, and Putin's efforts in Ukraine are part of one unified conflict: between democracies and the rule of law; and rule by capital, energy interests, and organized crime.

This conflict will determine what kind of world we will live in.

2/As we have seen, there are plenty of Americans who are willing to undermine our institutions, attack the rule of law, harm our national currency and ability to manage money — and also side with a brutal dictator trying to crush a democratic sovereign state. This mindset...

3/goes back to before the US Civil War. Each generation renders a new version of it, but it's the same network: people obsessed with gold, property, and gaining as much of it as possible so as to subjugate others.

en.wikipedia.org/wiki/Knights_o…

4/The very same states that denied the legitimacy of our elections are now conspiring to undermine the US dollar. Arizona just passed a bill making Bitcoin legal tender. It's not clear they have the authority to do this. But they did it. Why are they degrading the US dollar?

5/Remember it was Arizona's Gosar and Biggs who led off the events of January 6th. Here is Gosar shilling for crypto back in 2020 (!). Gosar is currently under investigation by the @January6thCmte for his role in the insurrection.

https://twitter.com/RepGosar/status/1237128153010712578?s=20&t=Tl43f4MaRQTNlb_rlkEEJg

6/And the great and true friend of the Democratic Party, Arizona's Kyrsten Sinema, has been on the take from libertarian crypto interests for some time. 🤔
protos.com/crypto-tax-don…

7/It's not just Arizona's federal representatives that are crypto-zombies. State Senator Wendy Rogers is another one. And she's just nuts with this stuff. But it's not just limited to Arizona...

8/Utah's been obsessed with "currency" for over 10 years too. In 2011, they passed a law called the "Utah Legal Tender Act" recognizing gold and silver as *legal tender*.
en.wikipedia.org/wiki/Utah_Lega…

9/That should come in super-handy if I'm ever at a Denny's in SLC, and want to file off some *gold dust* to pay for my Grand Slam breakfast. They have to take it... it's the law! (make a video of this pls)

But *why* are Utah and Arizona obsessed with gold currency?

10/Remember that whole "Constitutional Sheriffs" movement? It basically says that the federal government isn't legitimate and tries to reorganize the American system of government from the bottom up. Each county has a sheriff — to protect property, the only basis of govt to them.

11/But most of the American west, especially states like Utah and Arizona, were created from US federal lands. And they are still owned by the federal government. And these folks resent it and want to "take it back." One of the ways to undermine the federal gov is with currency.

12/So yes, there is a faction of people in the US that want to a) overthrow the federal government, b) want to use gold/crypto to do it.

But why are they also so seemingly aligned with Putin?

13/Because a free, democratic Ukraine is a threat to his kleptocratic business model, and so is a strong federal US government; so is NATO. Also underlying this conflict is oil, gas, and mining rights, which are also a big deal in the US western states. So speaking broadly...

14/this is a conflict between global networks of interests aligned around:

oil, gas, mining, kleptocratic rule, crypto, gold, individualism, and organized crime,

vs.

democracy, rule of law, central banking, transition to renewables, US federal government, NATO, institutions.

15/There are a lot of witting and unwitting people pushing on the crypto side right now. And country after country sees its potential to undermine its own state interests and is banning it so they can carefully control it. Countries that don't ban it will be harmed.

16/This is why Russia announced they are going to curb its use domestically. And just yesterday, Joe Biden announced that they would soon be issuing an Executive Order to regulate it "as a matter of national security." Pay attention to that wording.
barrons.com/articles/white…

17/They didn't say they were doing it to protect consumers or create regulatory certainty for the industry. They said it was a "national security concern." And the very next day, Arizona passes a bill making it legal tender? What gives?

Well, we're in the middle of a hybrid war.

18/Financial warfare is part of hybrid war. I've written extensively on the risks to the US posed by radicalization driven by crypto culture.

Just as social radicalization drove the Jan6 attack, it can also drive an attack against the dollar and US financial stability.

19/Ponzi schemes in particular can be extremely damaging. Russia knows this all too well, as its economy was deeply harmed by a pointless crypto-like Ponzi scheme in the 90's called MMM created by Sergei Mavrodi. People "got rich" — until they didn't.
en.wikipedia.org/wiki/MMM_(Ponz…

20/As national security concerns escalate, expect cryptocurrencies to get absolutely crushed.

a) because they are being driven by US insurrectionists who want to overthrow their own government,

b) because they are advancing a Ponzi scheme with harmful societal effects.

21/People will claim that "isn't possible" for tech hand-wavey reasons. *OF COURSE* it is. The exchanges are the chokepoints. The way to kill a Ponzi is to disrupt flows in and out, and to kill the ability to use leverage. For that, expose the Tether scam.
bloomberg.com/news/features/…

22/This is a global networked conflict over what kind of world we want to live in. Do we want to have the rule of law, or let countries invade their neighbors without consequences? Do we want US states undermining the federal government and running their own currency schemes?

23/People are taking sides. But we must see these conflicts: crypto, Jan6, Ukraine, Rogan, etc etc etc as all ultimately part of this single hybrid warfare landscape and observe at how the sides are forming. It's all one thing. And as Cato might say, Crypto delenda est.

More details on Gosar/Biggs J6 involvement. To clarify, the committee has witnesses that say they were involved.
azcentral.com/story/opinion/…

* Also worth noting that Senator Cynthia Lummis from Wyoming, Senator Steve Daines of Montana and Senator Pat Toomey from Pennsylvania are up in this. There's also a "House Bitcoin Caucus" with a high overlap with seditionists. These people need to be ejected from Congress.

Mississippi getting into the act now, apparently.

https://twitter.com/Dennis_Porter_/status/1487570604488151040