Not good. Trump is absolutely naked, here.
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Yeah, digital ID and money, no more need to carry bulky wallets with credit cards or $20,000
designer purses …
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Or little cards with the text of the fourth amendment. Now, look at this:
https://x.com/CaitlinLong_/status/1946189215068295175
https://x.com/DiMartinoBooth/status/1249725182803152896
We have Trump moving to strike at the Fed and merge it with the treasury – surely a coincidence.
Just as “no really, Trump is the good cop, because Obama” pornography is pushed out by the admin.
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Here come CBDC, here come the CBDC…
Them Stable Coins will fix everything…
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Good on MT Greene for going against this.
Just say no to cryptoblips.
Craptocurrency.
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As I understand it, stablecoins aren’t any more programmable than today’s digital bank accounts, which can already be frozen at will. In fact, they might even undermine the push for CBDCs by making them less necessary. Not my area of expertise, the sources on the tech itself are extremely difficult to find which is also concerning. Very vague.
Now, if this is true, what we have is a faster, cheaper, and frankly better version of fiat money, a fiat 2.0 if you like. Not exactly great news, but it isn’t the “beast” system, at least not yet.
But if stablecoins end up with the same capabilities as the European CBDCs now rolling out, the US doesn’t stand a chance. Every authoritarian tool will be available to an utterly corrupt elite.
Here is Luongo getting an earful from a competent individual:
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Excellent conversation; thought provoking. I believe private lending is right round the corner. We are the banks.
Meanwhile, the banks are using ISO complaint cryptos, primarily XRP and XLM, to create a new banking system to replace SWIFT. That is what this Genius This allows for blockchain transactions to occur in seconds both inside the country and across international borders. This will create a global demand for US Treasuries to control liquidity in the XRP ecosystem. FIAT is being replaced by gold backed currency (cash). CBDC’s are not going to happen… and the digitized ledgers have been in place for YEARS… it is just that they are now in a secure blockchain.
Stablecoins of course are popular in 3d world countries to skirt problems with local currencies. I’m pretty sure getting the ‘wallets’ (I presume you need such a thing) in a 3d world country doesn’t require a ‘real ID’ fingerprints, blood sample, birth certificate etc. So hopefully, if they rise to prominence as payment vehicles similar anonymity would be available. Similar to today…you can ‘buy’ (put money on) one of those drug store credit cards we all give as gift cards and there’s no ID required to use them, so no way to track them.
The key to resisting power in an increasingly digitized world is paying attention and using the dodge tools available to us.
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CAF is notoriously lacking in scientific literacy and is deeply biased against any digital transaction platform. Technology itself is morally neutral. Both good and bad actors will use the same systems as commerce shifts to digital exchange. The US can’t simply evade the use of the platforms altogether. We’ll have to wait and see what the actual technical specs of these digital products are, and if they are as malignant as the EU CBDC appear to be.
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Yep, it’s a race to black market tech.
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The Black Shirt has it right; been there, done that
The Bearded Cigar has bought into crypto; believes his own damn press!
Interesting conversation.
Just realize; the Bearded guy has a dog or two, in the race.
Thanks for the video!
Bearded guy, meaning Luongo? Oh yeah, he smokes cigars. He bought into the Bitcoin Fiat, for sure, but he is a chemist who decided to move out of NY to a mini-farm in FL with his Goats (Gold, Guns & Goats… may have the wrong order) but writes extensively about world events/politics and how it affects the market. He is always worth a listen even if you don’t agree with everything he says- clearly never afraid to say what he thinks. Refreshing and often very funny.
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… can not eat Stablecoin. Institutions that have a monopoly on force and multiple means of the projection of that force can not be resisted.
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Fair enough. But if you follow your logic to the end, it leads right to the same societal split Schwab describes in his Fourth Industrial Revolution: humans divided into two groups—those in cities with tech access, and those left to fend for themselves in the wilderness “in zee woodz.” Hunted, endlessly by human sweeping drone tech.
Luongo’s private Slack server is fracturing fast. His community is splitting into two camps: die-hard loyalists and people still asking questions—something he’s not handling well.
… if you agree that the monopoly on force and projection hypothesis is true, then what are you and I (and others) who have neither a monopoly on force and its projection, nor access to it available though certain states (e.g. Ukraine, Israel et al.), to do?
… your observation that Luongo’s community is splitting due simply to “people asking questions” is interesting.
Learn to garden and defecate in zee woodz.
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I’ve analyzed Luongo’s personality elsewhere, his fragile ego is on full display.
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@whoaman…agree on Luongo. He’s highly opinionated and full of himself, but his insights into geopolitics are VERY insightful.