Bitcoin to End Wars? 🚨 Federal Reserve to Start World War III? 🌍 (Private Central Banks & Warfare 🌐)

Summary

The video explores the hidden influence of private central banks in shaping global events, focusing on their role in wars, economic manipulation, and the rise of the U.S. dollar. It traces historical patterns, including the creation of the Federal Reserve, the collapse of the Bretton Woods system, and conflicts fueled by the petrodollar. The speaker highlights the potential of Bitcoin and decentralized finance as alternatives to this debt-driven system, advocating for individuals to take control of their financial future through secure, independent financial solutions.

Takeaways

• 😀 Private central banks, like the Federal Reserve, have long controlled global finances, shaping economic events for their own benefit.
• 😀 The creation of the Federal Reserve in 1913 marked the beginning of the U.S. government losing control over its monetary system to private banks.
• 😀 Wars throughout U.S. history, including the War of 1812 and Civil War, were often funded by private banks and contributed to increasing national debt.
• 😀 President John F. Kennedy's Executive Order 11110 aimed to issue government-backed currency but was reversed after his assassination.
• 😀 The Bretton Woods Agreement, which fixed the value of the U.S. dollar to gold, was ultimately abandoned by President Richard Nixon in 1971.
• 😀 After the U.S. dollar became unbacked by gold, the Petrodollar system was established, with the U.S. guaranteeing military protection to oil-producing countries in exchange for their oil being sold in U.S. dollars.
• 😀 The U.S. government’s interventions in countries like Iraq and Libya were partially driven by efforts to maintain the dominance of the U.S. dollar in global oil trade.
• 😀 Private central banks continue to push for greater control over global currencies, which could lead to a digital currency system governed by institutions like the World Economic Forum.
• 😀 World War III is speculated by some as a potential mechanism to force the world onto a digital currency system controlled by private central banks.
• 😀 Cryptocurrencies like Bitcoin offer a decentralized alternative to the current financial system, providing individuals with greater control over their assets.
• 😀 It is important to transfer cryptocurrency holdings from exchanges to secure hardware wallets to protect assets from potential control or manipulation by central authorities.

Q & A

What is the Federal Reserve and how does it differ from a government entity?

The Federal Reserve is a private central bank that controls the U.S. money supply and financial policy. Unlike a government-run institution, it operates independently, without direct oversight from the U.S. government, and is owned by private shareholders.

Why was the Federal Reserve created, and what were its main objectives?

The Federal Reserve was created to stabilize the U.S. banking system, manage inflation, and provide a central mechanism for controlling the money supply. Its primary goal was to prevent economic instability, such as bank runs and financial panics, but it also serves the interests of private banking elites.

What is the Bretton Woods Agreement and how did it affect the global financial system?

The Bretton Woods Agreement, signed in 1944, pegged the U.S. dollar to gold, making the dollar the world's primary reserve currency. Countries could exchange their U.S. dollars for gold at a fixed rate. This system ended in 1971 when the U.S. suspended the convertibility of dollars to gold, leading to the era of fiat currencies.

What role did President John F. Kennedy play in challenging the Federal Reserve?

President Kennedy issued Executive Order 11110 in 1963, which instructed the U.S. Treasury to issue government-backed currency, called United States Notes, instead of relying on Federal Reserve Notes. These notes were backed by silver reserves. Kennedy’s efforts to decentralize monetary control were halted following his assassination.

How did the collapse of the Bretton Woods system change global currency dynamics?

When the Bretton Woods system collapsed in 1971, the U.S. dollar was no longer directly tied to gold, and the world transitioned to a fiat currency system, where currencies are backed by government trust rather than tangible assets. This shift led to the U.S. dollar becoming the dominant reserve currency worldwide.

What is the Petro-dollar system, and how did it impact global oil trade?

The Petro-dollar system, established in the 1970s, required countries to trade oil exclusively in U.S. dollars. In exchange for this, the U.S. provided military protection to oil-exporting nations. This system further entrenched the dollar’s dominance in international trade, particularly in oil markets.

Why did the U.S. invade Iraq and Libya in the 2000s, and what was the role of the Petro-dollar?

The U.S. invaded Iraq and Libya in part to maintain control over global oil markets and preserve the Petro-dollar system. Both Iraq and Libya threatened to move away from selling oil in U.S. dollars, and their decisions to trade oil in other currencies (such as Euros or a state-backed gold currency) posed a challenge to U.S. economic dominance.

How do private central banks influence wars and national debt?

Private central banks often profit from issuing debt to fund wars, leading to an increase in national debt. As countries engage in conflicts, they require more loans, which results in greater dependence on central banks. This cycle of war, debt, and financial control has historically benefited banking elites at the expense of national sovereignty.

What is Bitcoin’s role as an alternative to the traditional financial system?

Bitcoin, as a decentralized cryptocurrency, provides an alternative to central bank-controlled fiat currencies. Unlike traditional currencies, Bitcoin is not subject to manipulation by central authorities. It operates on blockchain technology, which ensures transparency and security without the need for intermediaries like banks.

What steps should individuals take to protect their cryptocurrency investments?

To protect cryptocurrency investments, individuals should store their assets in hardware wallets, such as Tangem or Ledger, rather than on exchanges. This ensures that they have full control over their digital assets and reduces the risk of loss due to exchange hacks or fraud. It's also crucial to use multiple wallets for added security.