You Thought…?
Did you seriously believe we had already seen the “...and then they fight you…” stage?
This one is a quickie.
*And also likely a nothing-burger.
What we’ve been experiencing is, simply put, quiet preparation. Yesterday, November 16, 2022, the White House published a brief on their positions related to the G20 summit being held in Bali. While there are multiple, what I would deem, ‘alarming’ points in this brief, there is one of utmost importance…
Many have talked ad nauseam about how we KNOW that centralized systems and their authorities will fight back against decentralization, but how many actually believed there was still more to come? I can tell you from where I’ve been sitting since 2017, much of the community actually believed we had already won at the beginning of 2022.
I hate to break it to ya (that’s a lie, I love to break painful reality to you guys), but this fight hasn’t even started. What we’re witnessing is what I would argue as: the coiling of the spring.
Central authority systems will be utilizing their CBDC’s to maintain effective and near-complete control over economic activity and data privacy invasion. Central government’s primary mandate is more: more power, more reach, more resources, more compliance, more obedience. In a recent discussion with Geopolitics & Empire, I briefly touched on the topic around CBDC’s and the perversions of power that authorities will be incentivized to deploy to incentivize their adoption by their own constituents.
The global populace has been witnessing, live, how central banks are losing their grips on reality. They blindly bought into the ‘green energy transition’ which has been a lead contributor to the wave of energy inflation across borders – they can try and blame Russia, but in reality this was always going to occur, Putin simply forced events to be pulled forward in their occurrence. Forcing the technologists and technocrats to scramble in an attempt to maintain their objectives, as they’ve invested decades of work toward their ends.
The Two-Pillar Tax System and STTR
What’s worse about the brief from the White House is the references to the OECD’s Two Pillar Tax System…
Within the report on Pillar One, we find language that suggests a ‘need’ for additional taxes, due to e-commerce and general ‘digitalisation’ of financial and economic products. I, for one, don’t doubt that there are jurisdictions that are missing-out on income from e-commerce activity in the west (like Apple for example). However, if you think that this won’t also be deployed to specifically target bitcoin, as well as facilitate automatic and intrusive tax clawbacks without effective prior knowledge of the action to the target, with the help of CBDCs, I would argue that you are gravely naïve. Especially with regards to the ludicrous individualized carbon credit system being peddled towards the average consumer. Mind you, with the likelihood of these actions being pushed under the guise of ‘legal action.’ Which should be cause for concern with the recent probes into the FBI being used as a political agent and thug of the current administration.
Within the report on Pillar Two, we find elaborations on the operations of this system. While these documents are mired in legalese and acronyms that is thicc enough to push one into a government-induced coma, we can parse out what I believe are the true intentions. By looking at sections such as the exclusions to their desired rule sets.
When I read the above section is, “anybody that is making income, and receiving payments that are ‘undertaxed (whatever that could possibly mean),’ are the targets of our wealth redistribution plan (theft) while the wealth of our friends shall be exempt from targeting of this initiative.” And the best part? they went right ahead and said the quiet part out loud.
I Don’t Know…
Maybe this is just my own paranoia and delusion. Maybe it’s something worth not paying attention to. Both are plausible, even likely, I would argue. But the point is that this is something that rang some alarm bells for me…and wanted to just bring to light. This way if I am incorrect, I can be corrected and educated. If I’m correct, then maybe we can work to resist some of the potentially nefarious things that could arise.
Governments and institutions are not arbiters of Truth. They are also not harbingers with some divine decree. All things should be doubted and questioned, for validity and truthfulness. If I’m wrong please reach out to me on twitter and educate me.
What I Do Know…
Is that we are only seeing the appetizers for how governments and centralized systems will pick up the fight against bitcoin and decentralization in general. That fight in particular, is going to be masked as “needed regulation” due to recent events with cRyPtO and the implosion of Sam BANKman-Fried and the FTX exchange.
These documents will be utilized to produce the global taxing system and regulations that the morons of the crypto space are now ignorantly calling for, after ignoring warnings by the members of the bitcoin community, like myself, that were simply trying to prevent these kinds of events from negatively effecting as many individuals as we could. Now here we are…those children did not listen to the adults in the room, chose to gamble on financial assets that they did not understand, and now claim that regulations are necessary. When in reality, what’s necessary is accountability, individual responsibility and a hefty dose of humility.