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How Bitcoin Could Stop China From Becoming The Next Superpower Bully

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Electronic money, or e-money, is to normal money as email is to normal (snail) mail: it’s simply an electronic form of value exchange, but with a key advantage in that most types of e-money are not linked to any particular country or government. Electronic money has made big strides in social acceptance in the last decade. Dutch bank ABN Amro’s CEO recently said that the technology behind electronic money is the next big thing in global banking.

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The king of e-money today is Bitcoin, created in 2009, shortly after the global economic and banking system shocks known now as the Great Recession. Bitcoin was the brain baby of a mysterious person known as Satoshi Nakamoto, who posted the 2009 Bitcoin white paper on a well-known cryptocurrency forum. His paper described the architecture and function of the new type of e-money that he had invented. Shortly thereafter he offered an open source software package that implemented the white paper’s ideas, and, with the mining of the first “block” of Bitcoin by Satoshi himself in 2009, Bitcoin was born.

Shortly after, Bitcoin’s first commercial use was to buy some pizza for a guy who had a bunch of bitcoin to spare. In 2013, just four years after its creation, Bitcoin was worth as much as $12 billion. That value has since fallen to about $4 billion.

Why would anyone use e-money? Well, the Great Recession is itself a big part of that answer. Normal money like the U.S. dollar is known as a “fiat currency” because it is offered by fiat by the central government and its value is backed simply by the power of the state issuing it, and the confidence that such power creates. Its value also comes from its ability to be used to pay taxes to the state. Until 1971, the U.S. government used gold to back the value of money it issued, but Nixon took the U.S. off the “gold standard” in favor of a new floating system of value in which the value of the dollar is determined mostly by market forces. The market that determines the dollar’s value in relation to other currencies is the international trading system, of both goods and services, which are denominated in dollars (mostly) but also the trading of dollars themselves for other currencies.

tamhunt-solarFor example, China now holds about $1.5 trillion of dollars in reserve in order to pay for goods and services denominated in dollars and as a store of value for a rainy day, out of a $3.5 trillion in total currency reserves. China keeps such a large amount of dollars because the dollar is the primary reserve currency in the world today and has been for some time.

Other reserve currencies include the British pound, the euro, the Japanese yen, and, if China has its way, before too long the Chinese yuan will also be considered a reserve currency. One commentator has recently suggested that the yuan is headed toward replacing the dollar as the global reserve currency before too long. That would be a momentous shift if it does indeed happen.

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The dollar became the primary reserve currency because of our central role in the global economy, which was won by a combination of our large size (more than 1/4th of the global economy after World War II) and our military might that came from being on the right side in World War II, and from our continued military dominance in the wake of the collapse of the Soviet Union in 1991. Today, fully 60% of the globe operates in this “dollar zone.” But as the Economist article linked to above describes, there are growing cracks in the dollar’s global dominance.

Since the U.S. went off the gold standard in 1971 the value of our currency has been determined entirely by social and economic acceptance around the world. In other words, the value of the U.S. dollar is based entirely on confidence in the U.S. government and its economy, and on the trust that such confidence instills in the ability of the dollar to retain its value and its use as an exchange currency.

But the 2008-2009 Great Recession shook a lot of people into the realization that nothing is written in stone, no economic foundation is entirely firm, and even the dollar can of course lose value. When the U.S. government agreed to the $700 billion (with a “b”) bailout of major U.S. banks in 2009, plus the Federal Reserves’ $trillions in additional support, it became quite obvious that our economic and currency system had some major flaws. This was not, of course, the only economic crisis we’ve suffered. Rather, it was simply the latest and most severe since the Great Depression.

Satoshi’s new form of e-money, Bitcoin, arrived in 2009 at an opportune time and a lot of hobbyists, libertarians, and tinkerers leapt at the chance to experiment with a new type of currency that didn’t rely on any central bank or any central authority whatever for its value or its operation.

The magic ingredient in Bitcoin is the distribution of trust (sometimes described as “trustless” transactions) in a vast network that moots the need for the “centralization of trust” that is the function of central banks like the Federal Reserve. The distribution of trust in the Bitcoin ecosystem is made possible with Satoshi’s invention of the “blockchain.” The blockchain is an electronic record of all Bitcoin transactions that is stored on every node of the ever-increasing network of the Bitcoin ecosystem. Because it is completely distributed and constantly updated in real time, the blockchain, which is the ledger of all Bitcoin transactions, can never be shut down by any outside force and it becomes practically immune from hackers.

(Centralized businesses that are part of the Bitcoin ecosystem can still be hacked, and there have been prominent examples of such hacking, such as Mt. Gox before it folded in 2013, but these incidents do not reflect on the security of the blockchain itself.)

In other words, the Bitcoin ecosystem is a way for anybody using it to avoid the centralized power of central banks and of national governments entirely, in terms of these entities’ ability to affect the value and use of the Bitcoin currency. ABN Amro bank chief said it well in August this year: “What the Internet has done for information and the way we communicate, the blockchain will do for value and the way we look at trust. The financial world is going to flip upside-down.”

Obviously, the decentralized nature and independence from government influence has appealed to libertarians and techno-optimists since Bitcoin’s creation. Bitcoin-enabled commerce holds the promise of reducing national borders, and the power of central governments, significantly.

Bitcoin in World Affairs

Okay, now that that introduction to e-money is out of the way, let me shift gears to talk about foreign affairs and where our global system is headed. It is well-known that China’s economy is growing rapidly and at the current pace of growth is set to exceed the size of the U.S. economy in 5-20 years (depending on various factors). Whether this happens in 5, 10, or 20 years doesn’t really matter for present purposes because my point is simply that China is on the verge of taking the top spot from the U.S. in terms of economic power on the global stage.

Recent events have cast some doubts on the sustainability of China’s economic expansion but my feeling is that the current issues facing China are temporary and that it will before too long continue to grow at a steady pace over time.

China is already flexing its new-found muscle in various ways, including with its recent creation of the Asian Infrastructure Investment Bank (AIIB), a regional replacement in many ways for the World Bank. The World Bank is a major part of the Bretton Woods economic system that has governed world affairs in many ways since its creation in 1944 at the close of the Second World War. The World Bank chief is traditionally an American and its sister institution’s chief at the International Monetary Fund (IMF) is traditionally a European.

The U.S. and the UK were the primary architects of the Bretton Woods system and many would agree that these same powers, along with Europe and the western world more generally, have benefited greatly from this system through improved trade relations and improved stability within and between nations.

China’s creation of the AIIB is a direct challenge to the long-standing Bretton Woods system largely because it is the first institution of its kind to gain buy-in from European and other western powers, including the UK, France, Australia, and many others—over the loud objections of the U.S.

China has also worked extensively with Russia in recent years on major infrastructure projects, like a planned rail link between Moscow and Beijing, but also and more importantly in terms of using the yuan as a replacement for the dollar in economic transactions between Russia and China.

In sum, China is already in many ways pushing for a world in which U.S. power and economic strength is much reduced. And while I would agree with many critics regarding the misuse of U.S. power over the last couple of decades, in particular, I fear that China, or a China/Russia axis, would, as the replacement superpower (or “hyperpower” as some have described the U.S. today), be worse than the U.S. has been. And possibly far worse. This is because, among other reasons, China lacks a democratic tradition, is highly nationalistic and ethnicist, and is home to a growing bellicosity and assertiveness that doesn’t bode well for peace as China continues to rise and increasingly butts up against U.S. power in Asia and around the world, as well as with regional rivals like Japan. I fear increasing conflict between China, its regional neighbours, and the U.S., but also a world in which China could theoretically replace the U.S. as top dog at some point down the road.

However, I see the rise of Bitcoin as a powerful tool in helping to prevent this from happening. How? Well, the key to this dynamic is the potential for Bitcoin to replace the yuan as the currency of choice in China. Bitcoin is already being used on a minimal basis in China and China has cracked down on early Bitcoin entrepreneurs and cracked down on Bitcoin in other ways. But even with China’s crackdown on Bitcoin normal Chinese can and do conduct a significant amount of economic transactions in Bitcoin. And China is home to the most Bitcoin mining (creating Bitcoin through massive computing power) of any country, by far, controlling over 50% of all mining in 2015.

Bitcoin is appealing to the Chinese for different reasons, but its main appeal, it seems, is the ability it gives them to send money anywhere in the world with the push of a button, with no fees or very limited fees. China imposes strong capital controls on its citizens, including an annual limit of $50,000 (approximately) in Chinese money being sent out of the country, along with new daily limits on ATM withdrawals in foreign countries. These limits are imposed as a way to maintain the Chinese government’s ability to control the value of its currency, which has been pegged at a specific value to the dollar since 1993.

Bitcoin, however, allows any Chinese national to send as much money abroad as they want to because Bitcoin transactions are generally untraceable to any particular individual. This privacy is made possible because the blockchain ledger of Bitcoin transactions doesn’t contain any personal information. It only contains the Bitcoin transactions themselves.

This feature alone may lead the Chinese to expand their use of Bitcoin, continuing a very clear trend since Bitcoin was created. If this trend does continue, then Bitcoin may become, before too long, a widespread currency in China alongside the yuan, either overtly or more likely covertly.

If Bitcoin continues to be used widely, and if the yuan continues to be devalued through floating exchange rates or through government manipulation of its value, Bitcoin may well become the preferred currency and store of value for large numbers of Chinese.

This evolutionary process could lead to the yuan becoming further devalued through disuse, particularly if other countries start to reject the yuan as a reserve currency, in favor of Bitcoin or other more established currencies, which could lead to a downward spiral of declining value for the yuan. This would improve the competitiveness of Chinese exports, which would boost the Chinese economy, all else equal, but a downward spiral in the value of a national currency is never a good thing in the long-term.

Bitcoin would be well-situated in such a scenario to eventually replace the yuan as the currency of choice for the majority of Chinese people. And if that happens, the central government loses its ability to set economic policy. And if that happens, China may be stopped in its tracks from becoming a superpower capable of rivaling the U.S. If a country can’t control its own currency, or even have its own currency, it cannot be a superpower in any normal sense of the word.

This is all highly speculative, of course, but my aim is to present a plausible scenario in which China loses its ability to control the currency of choice for a majority of its citizens. We’re far too early in the development of Bitcoin to make any predictions about this unfolding dynamic but it will certainly be an interesting ride.

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The “Unmasking Antifa Act Of 2018”: The Nonsense Never Ends

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In Brief

  • The Facts:

    A bill has recently been submitted to Congress that specifically targets groups of people wearing masks who are preventing others from exercising their constitutional rights.

  • Reflect On:

    Can we see how much of what the government is doing with regards to violent protests and counter-protests is complicit with the way these protests are being used to prevent us from dealing effectively with the real issues?

Last year, in an attempt to condemn the ‘violence and domestic terrorism’ that took place during events between August 11 and August 12, 2017, in Charlottesville, Virginia, the Senate tabled the ‘Charlottesville Resolution’ whose main purpose was ‘rejecting White nationalists, White supremacists, the Ku Klux Klan, neo-Nazis, and other hate groups, and urging the President and the President’s Cabinet to use all available resources to address the threats posed by those groups.’

Wow. Those Senators are really earning their salaries, aren’t they? Bravo–they’ve given the government more power to suppress the narrative of a certain segment of the population.

Unmasking Antifa

Now this year, in an attempt to stem the rising violence perpetrated by the group called Antifa, Congress introduced Bill H. R. 6054:

SECTION 1. SHORT TITLE.

This Act may be cited as the ‘‘Unmasking Antifa Act of 2018’’.

SEC. 2. INTERFERENCE WITH PROTECTED RIGHTS WHILE IN DISGUISE.

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(a) IN GENERAL.—Chapter 13 of title 18, United States Code, is amended by inserting after section 249 the following:

‘‘§ 250. Interference with protected rights while in  disguise

‘‘(a) IN GENERAL.—Whoever, whether or not acting under color of law, while in disguise, including while wearing a mask, injures, oppresses, threatens, or intimidates any person in any State, Territory, Commonwealth, Possession, or District in the free exercise or enjoyment of any right or privilege secured to him by the Constitution or laws of the United States, or because of his having so exercised the same, shall be fined under this title, imprisoned not more than 15 years, or both.

Wow. They’re really getting to the heart of the matter here, aren’t they?–the masks. Granted, threatening the ‘free exercise or enjoyment of any right or privilege secured to <any person> by the Constitution’ was already a punishable crime, even without a mask, but let’s not let that get in the way. The government should be congratulated for their accomplishment here, which again is doing nothing except giving themselves more power to suppress the narrative of a certain segment of the population.

Who Supports These Groups?

I personally don’t know of anyone who supports White Nationalists, White Supremacists, the Ku Klux Klan, neo-Nazis, or other hate groups. I also don’t know anyone who supports Antifa.

To be perfectly honest, I’m not even sure if many of the people that go out to protest and counter-protest in public are necessarily ardent supporters of their respective group’s fundamental ideologies. I believe many are paid mercenaries. Others may be looking for an opportunity to vent their own suppressed anger.

Can We Ignore Them?

Ideally, we should be completely ignoring violent groups with such extremist ideologies. But there is a reason we have a hard time doing so. It is because it is these groups that get to star in the mainstream media circus and in the political discourse, at the exclusion of the vast majority of citizens who are moderate, reasonable, and have legitimate grievances. Isn’t it farcical that we are still talking about the Ku Klux Klan? That they still exist?

There is a reason that groups like the KKK seem to be getting recycled from the dustbin of history, at the same time newer extremist movements like Antifa are being well-funded and supported: their violent confrontations continue to be used by the financial elite as a smoke screen to grab our attention and fill the headlines, all while discouraging the moderate and reasonable majority from actually speaking up in public about the real issues that face us today, about the real and obvious tyranny the financial elite continue to perpetuate.

Embers Of Fear Dying Out

For the financial elite, the agenda itself is irrelevant; as long as violence, chaos, and polarization are created, they are able to keep their game going and hold on to power. But it’s getting harder and harder for them to stoke the fires of fear and violence, as they need to infuse more energy and resources than ever to bring these events together.

As we awaken and evolve, more and more of the population is turning away from angry and violent opposition as a way of dealing with issues. It’s important that we remain conscious and avoid the temptation to participate in the false left/right dichotomy that is constantly on display in the political arena and in the mainstream media. As we see these violent confrontations fundamentally as staged events, and stop giving our emotional energy to one side or other of the polarity, these techniques will no longer have their intended effect, and we can look forward to the day that they will have eventually petered out.

Free David Wilcock Screening: Disclosure & The Fall of the Cabal

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So far, the response to this interview has been off the charts as people are calling it the most concise update of what's happening in our world today.

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Newly Discovered Crop Circle Has A Message For Humanity (July 2018)

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In Brief

  • The Facts:

    A new crop circle was recently discovered in the UK on July 8th, 2018. It was the exact depiction of the chemical weapons warning symbol.

  • Reflect On:

    Does this serve as a message for us to put down the chemical and nuclear weapons for good? Do we need to be using these weapons? This may also cause us to consider the poisoning of our planet in other ways.

A new crop circle was recently discovered on July 8th in Coneybury Hill, Nr Stonehenge, Wiltshire. This circle is the exact same as the chemical weapons warning symbol.

Interestingly this crop circle was found shortly after the death of Dawn Sturgess who had come into contact with a deadly nerve agent.

While we can’t know for sure, this crop circle certainly appears to be a message to humanity about the dangers of chemical weapons and the catastrophic damage they can cause, regardless of who you believe made it. Perhaps this circle symbolizes the fact that these weapons have no place in our world, and it’s time we got rid of them, for good.

Check out some amazing drone footage of this newly discovered crop circle below.

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ET Intervention?

It is not all that surprising to see this message show up in a crop circle, as in the past we have seen deliberate ET intervention when nuclear weapons would have otherwise been used. We have covered this topic before, and the following is an excerpt from an older article,

One of many previously classified reports -out of the thousands in existence -that is now available in the public domain is the intrusion at Minot Air Force Base in North Dakota, on August 24, 1966. Air Force personnel were concerned about a light in the sky. A team went to check it out and confirmed the object, then saw a second white object while doing so. The object was tracked on radar and moved vertical several times; each time it descended, an air force officer in charge of a missile crew found his radio transmission interrupted by static. The object eventually descended to ground level, and the Air Force sent a team to check it out. They saw the object either on the ground or hovering very low. According to the official report:

“When the team was about ten miles from the landing site, static disrupted radio contact with them. Five to eight minutes later, the glow diminished, and the UFO took off. Another UFO was visually sighted and confirmed by radar. The one that was first sighted passed beneath the second. Radar also confirmed this. The first made for altitude toward the north, and the second seemed to disappear with the glow of red.”

Here are a couple of more articles that go into greater detail regarding the connections between UFO’s and nuclear missiles:

“The United States Tried To Detonate A Nuclear Weapon On The Moon & Somebody Responded When We Did”

“Strong Evidence Shows Extraterrestrials Have Been Shutting Down Nuclear Missiles Worldwide For Decades, But Why”

Why Are They Stopping Nukes?

It seems that these extraterrestrials know just how damaging nuclear weapons can be to our planet, and possibly to our entire solar system. There is information that says that UFO’s have been deactivating nuclear weapons since we created them and started to show up a lot more often when we were testing the atomic bomb. Thankfully, someone or something has our back and is helping to stop us, humanity from making a huge mistake.

As Far As Crop Circles Go, You May Be Interested In These Detailed Articles That Go A Little Deeper Into The Phenomenon

Some Scientific Facts About Crop Circles That Nobody Really Knows About

Who Could Make A Face Like This & Include A Binary Code Message In The Middle Of The Night?

44 Years Ago Sagan & NASA Sent A Message Into Space – 27 Years Later We Got This Response

An ‘Eclipse Like’ Crop Circle That Showed Up Three Days Before The Solar Eclipse

Stunningly Complex New Crop Circle Appears In Cley Hill, Warminster July 18, 2017

Free David Wilcock Screening: Disclosure & The Fall of the Cabal

We interviewed David about what is happening within the cabal and disclosure. He shared some incredible insight that is insanely relevant to today.

So far, the response to this interview has been off the charts as people are calling it the most concise update of what's happening in our world today.

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The Deep Truth Behind Why Trump Is President

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In Brief

  • The Facts:

    Since Trump's presidency, we have seen many of humanities shadows thrust into conversation. Not just shadows of Trump, but each and every one of us. The media has been aggressively opposing Trump almost all the way through.

  • Reflect On:

    What is Trump's presidency showing us about ourselves? Why are we seeing a full out media attack on Trump? Is the cabal losing power? Are we beginning to see the first stages of big shifts away from oppressive regimes?

A little backstory before we get into the video below. Back in 2016, following the election, we had stated that there seemed to be a pretty large shift in power given that Trump made his way into office. How did this happen? Here is a brief outline.

There is a divide taking place within the Cabal/Deep State. This divide is causing power struggles as some facets work to move away from the entirely destructive means of the previous many decades, and instead work towards a different path. Is this an entirely ‘good’ path? No, but we’re going to see this as a HUGE welcome improvement as we continue to shift our consciousness.

This divide works its way through intelligence agencies whereby ‘white hats,’ as you can call them, begin to bring forth leaks, information and dealings that help break apart the extremely oppressive end of the cabal. White hats are essentially everyday individuals, like Snowden was, who work inside intelligence agencies and who are also having a shift in consciousness within themselves. No longer do they wish to support the ways of the old, the ways it would have been if Hillary made it into office.

So we begin to see a power struggle, one that is obviously coming as a result of having an ‘outsider’ in office that is shaking things up QUICKLY.

How Did Trump Get In?

First off, what I mentioned above is a big part of it. On top of that, was the flip in electoral college manipulation that usually takes place when a president is chosen. Was Hillary Clinton furiously angry after the election because she didn’t get enough support from the general populace? No, she was furiously angry because her side of the Cabal/Deep State, who promised her a win and bought the entire media to help make it happen, flipped in part, causing enough of a change to have Trump get in.

Now typically people tend to think that when you talk about things in this manner it means you are in favor of Republicans and Trump. But this is primitive thinking in that it only looks at one tiny layer of what’s happening to apply an explanation we can then be comfortable with. When in reality, all that is happening here is we are looking at what is ACTUALLY happening, not what we are being told what is happening.

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You do not have to be pro Trump, pro Republican, or even in support of politics at all, for that matter, to see what’s truly taking place here.

Regardless, questions have been coming in for months and months to CE, asking what we think about Trump, whether we are in support of him and what all of this ‘chaos’ means. Of course, some, because we speak about things honestly and from a neutral perspective, tend to think we side with Trump because SOME of the actions of his administration and who’s behind him are actually in favor of humanity, and we report on them.

But regardless of the amount of explanation we have tried to bring to this somewhat complicated situation, I felt we needed something VERY clear. So I created a video expressing what Trump’s presidency truly means for our collective consciousness and 3 very big factors that are being brought forth through his time in office. This video will answer the topic this article is titled as.

Please take the time to watch and digest this, as it will answer so many questions regarding Trump and what is taking place.

Free David Wilcock Screening: Disclosure & The Fall of the Cabal

We interviewed David about what is happening within the cabal and disclosure. He shared some incredible insight that is insanely relevant to today.

So far, the response to this interview has been off the charts as people are calling it the most concise update of what's happening in our world today.

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