Crypto and CBDC: A Lecture Overview (August 4th, 2024)

Introduction

• Date: August 4, 2024
• Topic: Crypto and CBDC (Central Bank Digital Currency)
• Context: Trump’s stance on crypto, government control, and the future of digital currencies.
• Weather Note: Early start due to high temperatures expected later in the day.

Trump’s Stance on Crypto

• Past Stance: Initially called crypto the largest threat to the dollar.
• Current Stance: Now supports crypto and Bitcoin.
• Historical Record: Contradictory actions and statements regarding crypto during his presidency.

Historical Context and Government Control

• Crypto’s Origin: Initially claimed to be independent of government control.
• Reality: Governments have always had control; false promises of privacy and independence.
• Global Examples: Leaders like Qaddafi and Saddam Hussein were taken down for challenging the dollar.
• Double Speak: Crypto’s definition states independence but governments maintain power.

Government Actions During Trump’s Presidency

• Regulation and Crackdown: SEC and FBI targeted crypto exchanges.
  • 2018: Bitcoin price fell below $10,000; SEC demanded registration of crypto exchanges.
  • 2019: Continuing SEC investigations into crypto.
• Civil Asset Forfeiture: Trump resurrected this practice, allowing the government to seize assets from those who didn’t pay taxes on crypto.
  • Target: Initially focused on criminals but expanded to include tax defaulters and others.
• Public Statements: Trump tweeted in 2019 against Bitcoin and crypto, citing volatility and potential for illegal use.

Transition to Digital Currency

• Melania Trump: Sold her own NFT in 2021, despite Trump’s public stance.
• Trump’s NFTs: Launched his own NFT superhero trading cards.
• Biden Administration: Continued and expanded on Trump’s policies.
  • IRS Agents: 87,000 new agents targeting crypto holders.
  • Crypto Tax Reporting Rules: Introduced in 2023.

The Long Game: Digital Dollar and CBDC

• Stimulus Bill: Trump’s bill included provisions for crypto-related studies.
• Field Testing Crypto: Seen as a test for future state-controlled digital currencies.
• Final Digital Currency: Mark of the beast - total government control over financial transactions.
• Alternative Platforms: Many truth community platforms used crypto, revealing it as a Honey Trap.

Implications and Future Outlook

• Total Financial Control: Governments will have a ledger of all transactions.
• Social Credit Scores: Potential implementation to control financial freedom.
• End of Cash: Transition to digital currency signifies the end of cash and true financial freedom.
• Spiritual and Ethical Concerns: Investing in crypto seen as supporting the transition to the mark of the beast.

Practical Updates - Honeymilk Ranch

• Wood Pile: Moved and reorganized for fire pit use.
• Garden: Progress on tomatoes, peppers, and yard cleanup using natural solutions.
• Bees and Wasps: Management of wasps to prevent stings.
• Future Harvest: Anticipating peach harvest next year.

Conclusion

• Reminder: Reflect on the spiritual and ethical implications of investing in cryptocurrencies.
• Next Steps: Continued updates and practical advice on gardening and ranch management.
• Weather Note: High temperatures expected; early start necessary.
• Farewell: Encouragement for the audience to reflect and stay informed.