Bitcoiners Caused The Inflation

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https://www.bitcoinuniversity.com

In this video, I discuss a future scenario where governments and central bankers attempt to blame Bitcoiners for the inflation and currency devaluation that was actually caused by the central bank monetizing government deficit spending.

As Cory Klippsten likes to say–

We are in a race to avoid the war. Unless we create a lot more new Bitcoiners both inside and outside governments over the next few years, we risk being the targets of government persecution as the fiat system continues to collapse.

Not investment advice! Consult a financial advisor.

Pacific Bitcoin livestream:
https://www.youtube.com/@Swan_Bitcoin/streams

Discussion with Phil Champagne , Bob Burnett and Matthew Kratter:

Discussion with Phil Champagne , Bob Burnett and Matthew Kratter pic.twitter.com/MnfXqNuwzt

— Marie Gagnon 🧊🥩🥓 (@realmariegagnon) October 7, 2023

Falling purchasing power of USD:
https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-US-Dollar.jpg

Money printer go brrr:

Justin Trudeau blames the grocery stores for inflation:

Trudeau says the heads of large grocery stores need to come up with a plan to stabilize food prices:

"Let me be very clear: If their plan doesn't provide real relief … then we will take further action and we are not ruling anything out, including tax measures." pic.twitter.com/gjBHHGY4ac

— The Post Millennial (@TPostMillennial) September 14, 2023

IMF inflation propaganda:
https://twitter.com/profstonge/status/1708966299530035595”

Paul Krugman wrong about Bitcoin:
https://en.wikipedia.org/wiki/Paul_Krugman

Paul Krugman’s 10-Year History of Being Wrong About Bitcoin

“I gave gold for iron”:
https://www.cantonrep.com/story/special/2013/09/21/weimar-truth-about-history-s/43501208007/

Executive Order 6102:
https://en.wikipedia.org/wiki/Executive_Order_6102

FDR on gold hoarding:

The Great Gold Robbery

The Race to Avoid the War:
https://www.swanbitcoin.com/the-race-to-avoid-the-war/

Ten Million Bitcoiners: The Intransigent Minority:
https://www.swanbitcoin.com/ten-million-bitcoiners-the-intransigent-minority/

How Bitcoin FUD Goes Away (Forever):

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#inflation

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this is Matthew crder from Bitcoin University and today I wanted to talk about what I think is going to be a future source of what I’m calling state sponsored fud where the government goes out and says it was actually the bitcoiners rather than the central Bankers who caused the inflation before that though I just wanted to say how amazing it was to finally get to meet so many of you in person in La at the Bitcoin conference at Pacific Bitcoin the whole team at Swan did a really amazing job if you’re ever worried about bitcoin’s future I would just recommend that you hang out with a bunch of real bitcoiners in real life to realize how bright the orange future really is I was lucky to meet so many of you so many smart generous authentic kind bitcoiners in the last few days you can hear my voice I’ve been talking way too much and yesterday I couldn’t even make a video because my voice was so shot so you have to bear with me today but I have to say that bitcoin’s social layer is Unstoppable you should go to a Bitcoin conference if you haven’t been to one already and I’m planning to go go to the big Bitcoin conference in uh in Nashville at the end of July next summer so hope to see many of you there as well it looks like Swan did a live stream of the stuff that was in the main uh the main tent which you can find I’ll link to in the description notes below various people including one of my co-presenters uh Phil champagne’s wife uh posted this little clip of video so a lot of you want to know what I look like I’m obviously much older now that I am in my avatar hopefully Swan or someone else will get the full panel up at some point and I will post it if someone sends a copy so I want to talk about Bitcoin fud this is one of the topics of the panel so I want to share with you some of the things we discussed at that conference as I said at the beginning of this video the last and most dangerous kind of Bitcoin fud which of course means stands for fear uncertainty and doubt will be state sponsored fud the classic example of course is when Rome burned Naro blame the Christians who at that time were a tiny weak underground group of people with zero political power but they had something similar to what I see at Bitcoin conferences they have this tremendous conviction and loyalty to the cause and to each other so by analogy when Fiat Burns you can be sure that bitcoiners will be targeted by the dying Fiat system they’ll say something like this just look at these bitcoiners they attack the US dollar with their internet money and they cause this tremendous inflation that’s hurting all of us while they keep getting richer and richer now obviously as I’ve said many many times on this channel Bitcoin is not the iceberg Bitcoin is a Lifeboat and so actually should not be blaming Bitcoin you don’t blame the lifeboats you blame the captain you blame the crew in other words you B blame the Federal Reserve you blame the irresponsible fiscal spending of the federal government and the state governments you blame the captain the crew and the iceberg for the sinking of the Titanic not Bitcoin which is how people are trying to save themselves but that doesn’t mean that people at the helm of a Dying State won’t try to pull something like this and say the bitcoiners caused the inflation obviously did we there are two ways to talk about about this you can talk about inflation in other words everything is getting more expensive in terms of a currency or you can talk about the inverse which is really the same thing the loss of the purchasing power or the devaluation of the currency and that’s what we’re seeing here since the founding of the Federal Reserve in 1913 where $1 had purchasing power of what’s essentially $26 in 2020 this is all indexed to 20120 so it’s gotten even worse but if you look at this you can see over time the US dollar is buying less goods and services it’s purchasing poers going down here’s the invention of Bitcoin right here at the end at a120 and so you can’t really blame Bitcoin for this complete collapse of the purchasing power of the US dollar which has continued to collapse after Bitcoin and will continue to collapse but this is clearly something that was happening a hundred years before the invention of Bitcoin it is of course the fed’s fault it’s the money printing it is the creating too much of a money supply but what will ha what will always happen is governments will try to blame they’ll try to blame anyone but themselves or the central Bankers we talked about a few weeks ago Trudeau blaming the heads of large grocery stores in Canada for high food prices he obviously doesn’t understand that these grocery stores have certain input costs and they make very very slim margins but again it’s anyone’s fault except for the prime ministers or pre president’s fault and they always try to deflect blame I made a video about this which I’ll link to in the description notes below which I called uh Justin chau’s groceries this was a very uh very sad video that was put out by the IMF here retweeted by Peter S St orange talking about how uh inflation is caused by all these things but it’s they never once mention the money supply so this is not serious economics this is this is propaganda from the IMF which is who you would expect to get propaganda from it’s important to remember Central Bankers are the most powerful criminal cartel that the world has ever seen but before we talk more about that though if you’re enjoying this video so far if you want to help to support the channel the best way is to subscribe if you’re not already subscribed like the video comment share it with a friend as well so how does the Central Bank cartel maintain its power they do it through propaganda and misinformation and so you have fake economics you have keynesianism which seeks to provide the justification for massive government interference in the economy both at the fiscal level and at the monetary level so of course they love having this Theory which basically says oh no times are going bad well we get to spend a whole bunch of money and do deficit spending most Kian economists when you look into it actually just work for central banks like the fed or they live out their pathetic parasitical little lives in comfortable University departments or think tanks and Paul krugman’s really the preeminent example of someone who has led the most Fiat existence and has just bounced from one University Department to another managing to pick up a Nobel Memorial prize in economics as part of it of course this was not an original Nobel Prize either because this is not real economics and the thing about Krugman doesn’t matter that he’s wrong he’s there as a propaganda uh megaphone for the regime and so he’ll continue to be wrong about Bitcoin just as he has been wrong for the past 10 years am I being too dramatic or melodramatic predicting that bitcoiners will be blamed for inflation I don’t think so because we have many historical examples this happened during the Great viar hyperinflation of the early 1920s even before that the government the uh German government was during World War I was trying to get people to exchange their gold so that Germany could use it to fund the war efforts and they were using slogans like I gave gold for iron and I guess you get a little sticker you could put on your shirt or something like that for example saying like I got the uh well I’m not going to say what was but you know what a lot of people put in their arms in 2020 executive order 6102 another example where the US government and FDR said basically you cannot hold gold as a private citizen anymore in the US and they called it hoarding they didn’t call it saving this is part of the propaganda and this is how all the gold ended up in Fort Knox or at least was taken from the American people you were no longer able to own gold as an American citizen you had to turn it in and they paid you 20 $20 an ounce for it and then immediately afterwards they revalued it to something like $35 an ounce and in the process they were blaming gold holders for the inflation just like they’re going to do with Bitcoin if you want to learn more about this this terrible incident in American history which violated every part of the Constitution and the Supreme Court was too weak to go against it you can check out this article called the Great gold robbery which is quite interesting but as part of it we can see that Roosevelt labeled labeled anyone who did not surrender their gold as a hoarder and of course this is just a misuse of language what is a hoarder someone who refuses to be robbed by their government which wants them to exchange something of value for something of less value I gave gold for iron I gave us I gave gold for US dollars so a hoarder is a saver it’s someone who produces more than they consume someone who’s Thrifty low time preference planning for the future privileging future goals over present pleasures and consumption thus creat creting a capital Surplus and this is a real key to civilization and forward progress this is a capital Surplus coming from savings that can be invested in Humanity’s future and in its technology but instead governments will try to blur the language if you’re saving in US treasuries you’re a prudent saver and you’re following your financial advisor’s advice their good advice quote unquote good advice but if you’re saving in Bitcoin you’re hoarder and An Enemy of the State we will see this in American history coming up the only way to avoid it though is if we can get enough people enough bitcoiners both inside and outside of the government if we have 10 20 50 million bitcoiners in the US and in other countries it’ll be much more difficult for States for the for the US government and other governments to weaponize this kind of language against people because if everyone’s a bitcoiner you can’t really call the whole population hoarders this is Corey clipston concept of the race to avoid the war if we don’t want don’t want to have an allout War of the US government against bitcoiners we need to get as many bitcoiners create as many new bitcoiners as possible in the coming years and Corey estimates that in the US it’s something like 10 million bitcoiners and once we reach this number we are the intransigent major uh minority and on our way to being the uh transigent intransigent majority and then at this point the US government will no longer be able to weaponize us against citizens because there’ll just be so many bitcoiners both inside the government and outside the government also link to that video I made last week about how Bitcoin fud goes away forever goes away forever when the whole world needs it as a Lifeboat and no one is criticizing or fudding the Lifeboat that they’re swing swimming towards in cold water but there is this intermediate stage that could be very nasty if we don’t create enough new bitcoiners between now and then in the end all fud will disappear but between now and then we could have persecution sort of a neuro likee persecution if we don’t create enough bitcoiners if you enjoy this video be sure to hit that subscribe and like button hit the notification Bell if you want to be notified when I publish my next video and let me know your questions and comments in the comment section below look forward to seeing all of you tomorrow on Monday with a new video thanks a lot for watching