What Edward Snowden just said about Bitcoin is SHOCKING, pay attention! | Redacted News

Summary

The video discusses Edward Snowden's prediction that a government is secretly purchasing Bitcoin as a replacement for monetary gold. It highlights the surge in Bitcoin's value and speculates on which country might be behind these purchases. The conversation also touches on El Salvador's President Bukele's efforts to make Bitcoin a legal tender and his success in reducing crime rates, despite criticism for his methods. The video further delves into the history of US financial systems, questioning the value of the US dollar and the government's reliance on printing money and issuing bonds. It raises concerns about the potential collapse of the dollar and the implications for western civilization, pondering whether Bitcoin could be a solution or a symptom of these financial issues.

Takeaways

• 🔍 Edward Snowden predicts a national government will be revealed to have secretly bought Bitcoin as a replacement for monetary gold.
• 🚀 Bitcoin's value is surging, reaching an all-time high, sparking speculation about which country might be purchasing it covertly.
• 🛑 El Salvador is excluded as the secretive buyer due to their public Bitcoin purchases and adoption as legal tender since 2021.
• 💬 El Salvador's President Nayib Bukele discusses the Bitcoin surge and the country's significant profit from its investment.
• 🌐 Bukele's approach to governance and criticism of external advice aligns with an assertive and independent stance on national policy.
• 🤔 The conversation raises questions about the influence of Western governments and the effectiveness of their strategies when applied elsewhere.
• 💡 The script points out the historical context of the US gold reserves audit and the implications of financial policies on the value of the US dollar.
• 💰 The role of taxes and government financing through treasury bonds and money printing is questioned, suggesting a system reliant on maintaining the illusion of financial stability.
• 📈 The potential impact of public awareness of financial mechanisms on the stability of the dollar and Western civilization is discussed.
• 🏦 The script suggests that the US dollar's value may be undermined by the lack of tangible backing and questions the ethics of government financial practices.
• 🌍 The possibility of other countries, such as China and Russia, secretly investing in Bitcoin and gold is explored, highlighting global financial strategies and power dynamics.

Q & A

What is Edward Snowden's prediction about Bitcoin?

Edward Snowden predicts that a national government will be revealed this year as having been secretly buying Bitcoin, considering it a modern replacement for monetary gold.

Why is the surge in Bitcoin's value a hot topic?

The surge in Bitcoin's value is a hot topic because it has reached an all-time high of around $60,000, sparking speculation and interest in which country might be purchasing it without public disclosure.

How does President Nayib Bukele of El Salvador respond to critics about Bitcoin's market price fluctuations?

President Nayib Bukele points out that if they were to sell their Bitcoin now, they would make over a 40% profit, and he emphasizes that they will not sell.

What did President Bukele explain about El Salvador's approach to crime reduction?

President Bukele explained that by implementing their own strategies, which differed from those suggested by Western governments, El Salvador transformed from the murder capital of the world to one of the safest places in the Western Hemisphere.

What is the criticism against El Salvador's method of reducing gang violence?

Critics argue that El Salvador's method of reducing gang violence was oppressive, particularly towards the gangs, and did not adequately address socioeconomic issues.

What is the connection between high taxes and the financing of the government in the United States?

High taxes in the United States do not actually fund the government; instead, the government is financed primarily through the issuance of treasury bonds, which are bought mainly by the Federal Reserve using money printed by the central bank.

Why do people pay taxes if the government is funded by money printing?

People pay taxes to maintain the illusion that they are funding the government, even though in reality, the government is primarily funded through the printing of money and the issuance of treasury bonds.

What historical event did President Franklin D. Roosevelt implement that affected private gold ownership?

President Franklin D. Roosevelt outlawed private ownership of gold in 1933, requiring citizens to turn in their gold holdings to the government at a set price, which was then subsequently raised without their knowledge.

How did the United States' policy on gold ownership affect citizens' ability to limit government power?

By giving up their gold and the ability to convert paper money into gold, citizens lost their power to restrain unchecked government spending and limit the government's ability to manipulate the purchasing power of money.

What is the significance of the book 'Good as Gold' mentioned in the script?

The book 'Good as Gold' provides a historical account of how U.S. citizens were asked to give up their gold, the government's subsequent actions to increase its own wealth, and the impact on the U.S. dollar and citizens' trust in the government.

What is the speculation about China's and Russia's stance on gold and how does it relate to Bitcoin?

China and Russia have been known to buy up significant amounts of gold, with Russia encouraging its citizens to invest in gold and other precious minerals. This could potentially indicate a shift towards these countries valuing tangible assets like gold over cryptocurrencies like Bitcoin.