The No. 1 Question We’re Asked About Bitcoin
Andy Snyder|November 18, 2020
It’s a question we get asked every week.
“Will the government ban Bitcoin?”
We haven’t answered the question publicly… until now. We’ve bitten our tongue because we know it could get us in trouble.
After all, we know of only one way to reveal the answer. And it’s an answer that leads straight to a nasty patch of politically incorrect quicksand.
The more we struggle to talk about the junction of money and, yes, slavery… the more we panic and try to pull our boots out of the mess.
Yet the deeper we sink.
We’re brave. We’ll find a way out.
Master vs. Slave
Using America’s terrible history with slavery as way to forecast the future of a digital currency is a loose argument and leaves lots of words unspoken. Many readers will convict us before we’re done this sentence. We’d be kicked off the mainstream press – even Fox – for bringing up the idea.
But wait and see. There is freedom in our words… especially in an era when our money masters are printing cash just to keep control.
To prove it, we have to go where we don’t belong.
Just imagine, if you please would, you’re a slaveholder.
Would you want your slaves to have a currency of their own? Would you want them creating a wealth system outside of your control?
Perhaps they’d use it to hide business from you. Perhaps they’d buy things you don’t want them to have.
If you found out about it, you may say something to your fellow masters about the need to “nip this in the bud.”
Those, after all, are the words of Brad Sherman, a congressman from Southern California. He rules over the epicenter of modern monetary slavery. Homelessness grew 13% in his Los Angeles district last year… and has surely surged much higher this year.
Sherman went after Bitcoin in a 2018 financial committee hearing.
He wants to ban cryptos like Bitcoin before he and his colleagues lose any more power over you.
And those are his words… not ours.
Money Is Power
Here’s more from the fella.
I look for colleagues to join with me in introducing a bill to outlaw cryptocurrency purchases by Americans, so that we nip this in the bud.
An awful lot of our international power comes from the fact that the U.S. dollar is the standard unit of international finance and transactions. Clearing through the New York Fed is critical for major oil and other transactions.
It is the announced purpose of the supporters of cryptocurrency to take that power away from us, to put us in a position where the most significant sanctions we have against Iran, for example, would become irrelevant.
So whether it is to disempower our foreign policy, our tax collection enforcement or traditional law enforcement, the advantage of crypto over sovereign currency is solely to aid in the disempowerment of the United States and the rule of law.
Now, before we go any further, we must tell you something about Mr. Sherman. He may not have your best interests in mind. After all… his largest political donor when he uttered the words above was a bank.
His second-largest donor was a money manager.
And his third… was Northrop Grumman.
Clearly, his backers like the way things are. They’ve got the power. And so does he.
This new form of money, though, would disrupt things. It would take control out of the hands of our masters… and put it in the hands of the enslaved.
So that means Sherman’s cohorts will follow his lead and ban crypto, right? They’ll keep control.
It’s the idea that brings us back to the quicksand. We’re not just going to step into it… We’re going to dive headfirst.
It’s an oddball question… but when was the last time you saw a slave?
Men fought and killed over the idea. The nation divided itself. But we banished that heinous crime.
Freedom won. It found a way.
All over the world… the people rose up and found a way.
We overcame those sinful ways… despite calls for the rule of law… the fact that so much money was on the line… and the oppressive system that made it happen.
That’s why I’m confident a few dopes in Washington may try to ban Bitcoin and its brethren, but they’ll fail… hopefully before guns are drawn.
A few smart lawmakers already see the many obstacles to such a ban.
Last year, Senate Banking Committee Chair Mike Crapo had wise words to say…
If the United States were to decide – and I’m not saying that it should – if the United States were to decide we don’t want cryptocurrency to happen in the United States and tried to ban it, I’m pretty confident we couldn’t succeed in doing that because this is a global innovation.
If such a power grab were tried, we’d soon add it to the list of other ubiquitous things Washington tried to eradicate… like booze… weed… and this pandemic.
What about China, though? Many readers have written in and asked how China was able to ban Bitcoin.
Ah… that’s some more false news. It proves our point.
China has not banned Bitcoin. It’s banned so-called stablecoins – digital currency that’s directly linked to a country’s currency.
Bitcoin has no ties to a true currency, the courts determined. Therefore it is a digital asset… not a currency.
Its decentralized nature means it’s no more than a digital commodity.
It can’t be banned.
If they were to try… they’d fail.
Here to Stay
It’s a good thing our masters in Washington see Bitcoin as a threat.
The master needs a whip pointed at him.
Now that we’ve entered the final phase of modern monetary theory – where freshly printed money needs no balance – the lingering threat of money controlled by the slaves acts as quite a check on power.
We desperately need it.
Our masters may try to ban decentralized money.
They may even pass a law or two.
But good luck getting rid of it. The more pressure our keepers put on Bitcoin and its ilk, the higher their value will rise.
It’s why every portfolio should have some crypto in it.
It’s not going away.
P.S. Washington cannot ban crypto… but it can ban America’s No. 1 asset. In fact, in a desperate grab for power, it could do it during a secretive meeting currently scheduled for December 16. We’ve got all the details on this growing situation – including how crypto plays a role – here.
How could the gov’t try to control Bitcoin? Share your thoughts at email@example.com.
Andy Snyder is an American author, investor and serial entrepreneur. He cut his teeth at an esteemed financial firm with nearly $100 billion in assets under management. Andy and his ideas have been featured on Fox News, on countless radio stations, and in numerous print and online outlets. He’s been a keynote speaker and panelist at events all over the world, from four-star ballrooms to Capitol hearing rooms.