{ "p": "ons", "op": "post", "id": "axukZJGusdwo1x1a9iTzH", "author": "21milbtc.btc", "authorAddress": "SP3BCZN307DECNR5PRMV6HY4P37AJ9N48JP0VE547", "title": "Security Over Liberty Is A Raw Deal", "body": "

To say the last week has been a rollercoaster is an understatement. Silicon Valley Bank and Signature Bank going down in the same week is something we haven’t seen since the Great Financial Crisis (GFC).

Silicon Valley Bank was the 16th largest bank in the country before it collapsed! In hindsight, this poorly run bank had bad risk management and got burned for it. The chickens came home to roost because of the Federal Reserve and their historic raising of interest rates to battle 40-year high inflation.

This was bound to happen. Everyone was looking for the Fed to “break something” with their interest rate hikes, and boy, have they. It seems like they started the next financial crisis in the banking sector. Midsized banks look to be in a lot of trouble, and some are on the brink of collapse without intervention.

The latest bank in need of help, First Republic Bank, has to be bailed out by a consortium of larger banks to keep it afloat. JP Morgan, Bank of America, Wells Fargo, Goldman Sachs, and Morgan Stanley, among 6 other banks, will contribute a whopping $30 billion to this ailing bank. Don’t we deserve a system that isn’t held together with duct tape, some chewed-up bubble gum, and a steady stream of propaganda to keep everything from falling apart?

This seems crazy to me that this system has been able to go on for as long as it has, but this system is coming to an end. You can see this in the actions of the banks listed above. The fact that they contributed billions of dollars to prop up a zombie mid-level bank shows how fragile the system is. How can the economy not handle a midsize bank going out of business on its own?

If the banking sector were as strong as they said, none of these banks would have lost sleep over First Republic going out of business. It was in the interest of the banks to keep people from questioning the fractional reserve banking system we live under.

Silvergate, Signature Bank, and Silicon Valley were the wake-up call; the First Republic private bailout is the sleeping pill meant to put the masses back to sleep. Sweep it under the rug; nothing to see here, folks; go back to your regularly scheduled “programming.”

Their plan will probably work, to be honest. These powerful entities understand human psychology well and use it to their advantage. They know that most people respond to authority and have a normalcy bias. If the powers that be tell them that their bank deposits are safe and see that they can withdraw money from their bank accounts, they will stop asking questions and go back to an unconscious stupor of thinking everything is okay because they prefer security over liberty.

In the end, accepting security for liberty is a raw deal because you will get neither. For generations, Americans have made this Faustian bargain with the federal government and by extension, the federal reserve. In exchange for the right to use sound money without interference from the government, the people exchanged it knowingly or unknowingly for cheap imported goods, a global empire, and the largest welfare state in the world.

Sure, you may feel safe living inside the empire with the world’s reserve currency at your disposal, but outside the borders of the United States, the people are restless, and the people are tired of being exploited with low wages and subpar living standards. Why do you think everyone in the world is flocking to the United States for the chance to make it across the border? It’s not because their home countries are great places to live. They come from deeply impoverished locations where predatory lending from globalist institutions such as the IMF and World Bank has made it impossible for governments who take these loans to care for their people.

If you want to understand how this system works, I highly suggest you read The New Confessions of an Economic Hitman by John Perkins. I was introduced to this concept in college, which completely blew my mind. It was the first introduction to how the world really works.

You see, what the people see on TV is a facade. It’s fake. Sure, in a democracy, you can vote and “choose” your next leader, but does anything really change? Do the items you buy get cheaper? Is the government smaller than it was four four years ago? Are troops still on bases all over the world? Voting doesn’t change anything on the national level for sure, and increasingly not on the local level, either.

Consider it entertainment to keep the masses working and not ask hard questions such as why the rich seem to get richer despite their repeated failures and subsequent bailout or why everything seems to get more expensive year after year. Raging inflation is making things very uncomfortable for the elite in society. This is the reason for the public and private bailouts. They have to keep the facade going as long as they humanly can, but they can’t and know it.

As the great Bitcoiner Greg Foss would say, “It’s just math.” The debt numbers don’t pencil out. The system dies only through hyperinflation in Weim,ar Germany, and Zimbabwe. This is the way the dollar will die. Entitlements are unsustainable; the overseas military empire is unsustainable and demographic decline ensures there are fewer workers available to generate tax revenues. It’s over for the dollar. It’s only a matter of time.

The best financial move you can make is to move to sound money equipped to work in the digital age. The only money that can do that is Bitcoin. If you fail to understand Bitcoin's importance to the world's future, your kids, grandkids, and generations after that will bear the consequences of your inaction. Choose wisely.

If you are new to Bitcoin, here are a few articles you can read to get a better understanding of Bitcoin.

https://app.sigle.io/21milbtc.btc/6bhGWlQIEESyCFVn-ZKU6

https://app.sigle.io/21milbtc.btc/rq25GAYBoO-44MVU2gCkR

https://app.sigle.io/21milbtc.btc/zneutGVSyjwVphYy61KFN

https://app.sigle.io/21milbtc.btc/zCEZXDQD2AbXzvBSV3Fp0

Thanks for taking the time to read my blogGenuinelyly appreciate everyone here. If you like my content, please follow me here on Sigle! You can also find me on Twitter.

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