Cryptocurrency: Either For Freedom Or Against It
Lloyd Blankfein, former CEO of Goldman Sachs, chimed in with the nonsense about governments going after Bitcoin if it becomes to powerful. Of course, as one of the head banksters, he is responsible for more theft than most other institutions could ever dream about.
In this video I discuss the idea of being for or against freedom. There are many who are seeking to protect the existing system. These are the ones who are obviously against freedom since what we have now enslaves people. Nothing tells this story more than the time for money equation.
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BEER.I agree that power and wealth is being consolidated into the wealthy and powerful corporations. The lockdowns have devastated most small businesses since some were forced to stay closed after paying huge amounts to open properly. One of the biggest issues that I see is a country-wide federal $15 minimum wage that the Democrats are screaming for. This will definitely cause the already dwindling amount of small businesses to drop even further. If you are in a big city $15 isn't too much of a change, but to a more rural place where $8 or $9 is the wage to get by, it means one employee now instead of two.
As for our debt-based system, I don't think its ever going to completely go away. People have gotten use to the fact that they can pay over time rather than when they want to purchase something. I guess you can consider something similar to a subscription model.
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The $15 per hour, except when paid for those promoting the agenda, have been shown to fail in both studies and reality.
Of course, this is just logical since most industries cannot afford to increase their prices. It is especially true for smaller businiesses.
We will have to see how quickly that comes to affect people and the national employment rates.
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Summary:
In this episode, the speaker discusses the idea of freedom in relation to the existing financial system, cryptocurrency, and the role of governments and major corporations. He criticizes figures like Lloyd Blankfein from Goldman Sachs for their opposition to Bitcoin and cryptocurrencies, highlighting their hypocrisy given their history of financial misconduct. The speaker argues that the current financial system favors a small elite global group, leading to income inequality and reliance on traditional employment structures that limit individual freedom. He emphasizes the potential of cryptocurrency to address societal flaws and provide alternative ways for individuals to acquire money. The episode also delves into the impact of COVID-19 on small businesses, income inequality, and the increasing influence of authoritarian powers in both governments and major corporations.
Detailed Analysis:
The speaker begins by addressing the comments made by Lloyd Blankfein from Goldman Sachs, who expressed concerns about Bitcoin's success leading governments to shut it down. The speaker criticizes Blankfein and other bankers for their hypocrisy, pointing out their history of financial malpractice, including money laundering and unethical practices. He highlights the irony of such figures criticizing cryptocurrencies while being involved in illicit financial activities themselves.
The episode then shifts to discussing the flaws in the current financial system, emphasizing how it disproportionately benefits a small group of individuals globally. The speaker points out the income inequality, lack of participation, and exclusivity of the financial system, which contributes to societal issues. He argues that cryptocurrency offers the potential to address some of these flaws and provide more opportunities for individuals to acquire money beyond traditional employment structures that exchange time for wages.
Furthermore, the speaker delves into the impact of COVID-19 on small businesses, noting how the pandemic has led to the consolidation of power and wealth among major corporations. He highlights how smaller businesses have suffered, leading to further income inequality and financial instability for many individuals. The speaker criticizes the authoritarian tendencies exhibited by both governments and major corporations, emphasizing their focus on power and control rather than promoting freedom and humanity.
In the context of the discussion on freedom and societal structures, the speaker underscores the importance of cryptocurrencies and decentralized projects in offering alternatives to the existing financial system. He encourages the development and resilience of other blockchain projects apart from Bitcoin, suggesting that a diverse range of projects has the potential to challenge the status quo and potentially shift power dynamics in the financial sector.
In conclusion, the episode serves as a critique of the existing financial system, highlighting the need for greater individual financial autonomy, the role of cryptocurrency in addressing societal flaws, and the impact of authoritarian tendencies in both corporate and governmental entities on freedom and equality.