Thread by @davetroy

1/I hope everyone sees that the Emergencies Act that Trudeau just enacted (over crypto and banking) is parallel in function to Executive Order 6102 (against gold hoarding) signed by FDR in 1933. @WHCOS @WHNSC

2/The action was controversial then, but absolutely necessary for the US to deal with the challenges we faced. Goldbugs hated FDR for it for decades, but it was the right move; Hitler, Mussolini, and Stalin tried “alternative” approaches.

3/Now, crypto comes along all dressed up pretending to be something new, when it absolutely isn’t. It’s literally fool’s gold in digital form, peddled by con men.

And it should be crushed like a grape, like FDR crushed his gold hoarder rebellion. Ponzi schemes are negative sum.

4/Our adversaries are counting on us getting this wrong. China banned crypto to insulate themselves. So did Russia.

But Russia is pretending to be crypto-friendly by saying they “accept” it as currency.

But heyo, they’re LYING. 😱 There are several asterisks restricting use.

5/As we trip into what will likely be a complex, global conflict of indeterminate length, cryptocurrencies and

*the American predilection towards get rich quick schemes*

is our biggest vulnerability and easiest domestic attack surface.

@WHNSC @WHCOS

6/The administration has signaled that crypto is a national security concern. Now is the time to do something about it. Today, not in three weeks, etc. Follow Trudeau’s lead.

barrons.com/articles/white…

7/The fact that the libertarian oil/gas faction and Putin’s North American fifth column chose this moment to drive this specific financial assault is not only not surprising but we predicted it a year ago. Now the pigeons are home to roost.

dropbox.com/s/w7h1tonwkurb…

8/I shared this info widely last year in government. People either get it or won’t. But it absolutely should be part of any black swan calculations, as should EMP attacks and widespread power/network outages. Not sure, though, people see the full threat picture.

9/Please share your concerns with your reps or with the White House, 202-456-1111. This matters and it will come to a head sooner than we might guess. This is very much part of Kremlin calculus for how to divide and harm the US and our allies.