The end of cryptos is nigh

[EE_]

The Canadian commies has just frozen crypto accounts of the truckers, now it's time for the US to clamp down on them.

FBI Launches New Virtual Asset Unit Focuses on Blockchain and Seizure of Virtual Assets Including Cryptocurrencies
By Jim Hoft
Published February 17, 2022 at 8:57pm

The Department of Justice on Thursday appointed Eun Young Choi to serve as the first Director of the National Cryptocurrency Enforcement Team (NCET).

The NCET was established to ensure the department meets the challenge posed by the criminal misuse of cryptocurrencies and digital assets, and comprises attorneys from across the department, including prosecutors with backgrounds in cryptocurrency, cybercrime, money laundering, and forfeiture, according to the news release.

“The NCET’s work will be furthered through close collaboration with components across the department, including the Criminal Division’s Computer Crime and Intellectual Property Section and Money Laundering and Asset Recovery Section; the U.S. Attorneys’ offices; the National Security Division; and the FBI, including the FBI’s new Virtual Asset Exploitation Unit, a specialized team of cryptocurrency experts dedicated to providing analysis, support, and training across the FBI, as well as innovating its cryptocurrency tools to stay ahead of future threats,” per DOJ.

They’re going after your crypto.

Coindesk reported:

The National Cryptocurrency Enforcement Team (NCET), announced by Deputy Attorney General Lisa Monaco on Thursday, will evaluate which types of crimes involving crypto might need more resources to investigate and prosecute these cases.

Monaco announced the new unit during a keynote address at the Munich Cyber Security Conference, saying the unit will conduct its own blockchain analysis and seizing of assets involved in crimes.

“I think we are sending a message that cryptocurrencies and virtual currencies should not be considered a safe haven,” Monaco said in a question and answer session following the keynote.

The team will focus on crypto exchanges, mixers, tumblers and other types of digital asset infrastructure providers that might allow for “the criminal misuse of cryptocurrencies,” according to the release.

Ransomware will also be a key focus, according to Monaco, who said law enforcement officials have to “bust [the] business model” for launching these types of attacks.

“The NCET will enhance the Criminal Division’s existing efforts to provide support and training to federal, state, local and international law enforcement to build capacity to aggressively investigate and prosecute serious crimes involving cryptocurrency and digital assets in the United States and around the world,” the release said.

https://www.thegatewaypundit.com/2022/02/fbi-launches-new-virtual-asset-unit-focuses-blockchain-seizure-virtual-assets-including-cryptocurrencies/

[midnight rambler]

What have you got to say about that Shami?

[vacuum]

Oy vey

[monty]

>>.


Canada’s Emergencies Act underscores the dangers of a cashless society
(https://www.lifesitenews.com/blogs/canadas-emergencies-act-underscores-the-dangers-of-a-cashless-society/)

(https://www.lifesitenews.com/blogs/canadas-emergencies-act-underscores-the-dangers-of-a-cashless-society/)What we are witnessing is the next move in a worldwide battle over the future of money and who gets to control it.

https://www.lifesitenews.com/wp-content/uploads/2021/06/shutterstock_1854011137-810x500-810x500.jpgShutterstock

(https://www.lifesitenews.com/blogs/canadas-emergencies-act-underscores-the-dangers-of-a-cashless-society/)
David
James (https://www.lifesitenews.com/?post_type=author&p=758084)




12


Thu Feb 17, 2022 - 12:28 pm EST

OTTAWA (LifeSiteNews (https://www.lifesitenews.com/)) — The extraordinarily aggressive financial measures by Canadian Prime Minister Justin Trudeau and finance minister Chrystia Freeland have underlined the dangers of a cashless society. They have demonstrated that any form of digital money can be abused by tyrannical overlords. The best way to get funds to the truckers without being attacked by authorities remains the old-fashioned one: physical notes.

What Freeland has outlined is an unprecedented incursion into financial activity that is designed to lock the people whom the government deems to be undesirable out of the system entirely. The measures “cover all forms of transactions, including digital assets such as cryptocurrencies,” the minister stated. The government, she said, is “following the money,” which includes freezing corporate accounts and suspending insurance on vehicles. Personal financial accounts are to be included in the order.

It confirms what many have been warning about for some time: that one of the core elements of the so-called Great Reset (https://www.weforum.org/great-reset/) is to enslave populations by surveilling and controlling their transactions. China has already implemented its version of digital tyranny with its Social Credit System (https://en.wikipedia.org/wiki/Social_Credit_System), which it will combine with its Central Bank Digital Currency (https://www.cnbc.com/2022/01/11/china-digital-yuan-pboc-to-expand-e-cny-use-but-challenges-remain.html)[CBDC]. Now Trudeau and Freeland have drawn back the curtain in Canada to reveal their version of digital despotism.

There have been previous hints that this is part of the Great Reset end game. The general manager of the Bank for International Settlements, Augustin Carstens, said (https://bitcoinist.com/the-bis-wants-absolute-control-of-your-money-via-central-bank-digital-currencies/) last year: “We don’t know who’s using a $100 bill today, and we don’t know who’s using a 1,000 peso bill today. The key difference with the CBDC is the central bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability, and also we will have the technology to enforce that.”

What we are witnessing is the next move in a worldwide battle over the future of money and who gets to control it. The debt-based money system – most of the money in Western democracies is created by bank loans with an interest rate – is close to collapse. Global debt is at unsustainable levels; hence the low interest rates to stave off a crisis. Central banks are looking at ways of printing interest free money, known as Quantitative Easing, and also creating Central Bank Digital Currencies. But these are only palliative measures; they do not address the structural problems.

Meanwhile, there has been heavy investment in cryptocurrencies as a means of escaping what is called the corrupt “fiat” system: money determined by government dictate. While the underlying analysis of governmental failing is reasonable, there are some obvious flaws in the argument. For one thing, Bitcoin and other cryptocurrencies are valued in dollars, which is fiat currency. In that sense, it is not an escape at all.

Secondly, they are not currencies; they are digital assets. Large financial institutions are now investing in them to diversify their allocations. In a currency the value of each unit should stay roughly the same; cryptocurrencies are extremely volatile. They also cannot handle the volume of daily transactions.


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Freeland’s move has revealed another vulnerability with cryptocurrencies. They are digit al, which means they can be monitored and their use attacked. Already 42 countries, including China, have banned or impeded the use of digital currencies by putting restrictions (https://fortune.com/2022/01/04/crypto-banned-china-other-countries/) on the ability of banks to deal with them. The Canadian government has gone a step further by threatening to freeze bank accounts if there is even a suspicion that cryptocurrency is being used to support the truckers.

This leaves cash as the only way to escape the bad actors in government. Financial analyst Catherine Austin Fitts, who urges people to use only cash every Friday (https://home.solari.com/cash-friday/), argues persuasively that humanity is at a “tipping point between freedom and fascism”. But for authorities to gain full control over the digital monetary system, the circulation of paper currency has to end.

At the moment, fortunately, the use of cash is going in the opposite direction. There were some ridiculous attempts during the pandemic to claim (https://theconversation.com/you-dont-need-to-worry-about-spreading-the-coronavirus-with-cash-137865) it should be banned because it was allegedly more likely to carry the virus, but in the end cash use in many countries (https://www.rba.gov.au/publications/bulletin/2021/mar/cash-demand-during-covid-19.html) and regions (https://www.ecb.europa.eu/press/key/date/2021/html/ecb.sp210615~05b32c4e55.en.html) went up (https://www.economist.com/britain/2021/05/29/the-pandemic-has-seen-a-surprising-surge-in-cash-use) – including in Canada (https://www.bankofcanada.ca/2021/07/staff-discussion-paper-2021-12/). That trend needs to continue.
We live in an era of hyper-transactionalism whereby far more of our daily activities than ever before are subject to monetary exchanges. Most of us are now bound to the globalised monetary system. How it evolves is not just a technical matter; it is about how ultimate power will be exerted.


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To stop control being exclusively in the hands of political and bureaucratic overlords, the best way out is to use cash. If the Canadian truckers get support in the form of paper currency, the despots can do nothing about it.

David James is a LifeSiteNews correspondent from Australia.

[mamboni]

if you don't hold it......