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RE: How the US Central Bank Will Pop the Crypto-Bubble

in #cryptocurrency7 years ago (edited)

I liked your post man !

However, governments can't check what bitcoin was sent where, because bitcoins ledger is completely anonymous.

In addition, a decentralized currency is a difficult beast for governments to tame into a centralized entity.

I like your other points and i agree that they will do every dirty tactic they can to bring down cryptocurrency.

In contrast, cryptocurrency will not bow down and say " yep, we are no ilegall, lets give in" The same goes for the hyped investors of many cryptos, did people who download media give up after limewire went down...no xD

They made the piratesbay and became an even bigger pain for the establishment.

The Bric nations alone could keep cryptocurrency alive!

I worked for Vodafone for 3 years and i know that someone could make a decentralized smartphone OS based on the blockchain, no google or apple!

A special software could developed to rewrite a smartphones basic coding ,like Samsung or apples, thus disabling any attempt they had to illegally spy on global citizens.

The US won't declare war on the Bric nations, as they will piss off Europe and the UN. The economy would drop drastically and their weould be riots in the streets. The media could tell a nice little story to the "patriots" who would happily go and murder someone they don't know, but the majority of the intelligent people would see through the lies and warn everyone. It would be like the Vietnam protests on steroids.

The US prefer to wage economic warfare on countries, isolate a country, take away it's financial options by political sabotage,bribery, or pure threats. Thereafter, they offer the country a big loan " to get on their feet as it were" and the interest payments alone leaves the country shackled to the US and the US government can look like heroes , a "double whammy".

Chile in the 70's is the best example of this:(WIKIPEDIA)

The 1970 Election[edit]
According to the 1975 Church Commission Report, covert United States involvement in Chile in the decade between 1963 and 1973 was extensive and continuous. The CIA spent $8 million in the three years between 1970 and the military coup in September 1973,[9] with over $3 million in 1972 alone. Covert American activity was present in almost every major election in Chile in the decade between 1963 and 1973, but its actual effect on electoral outcomes is not altogether clear. Chile, more than any of its South American neighbours, had an extensive democratic tradition dating back to the early 1930s, and even before. Because of this, it is difficult to gauge how successful CIA tactics were in swaying voters.

At a September 8, 1970 meeting of the 40 Committee, the chairman of the committee asked for analysis of where the US/CIA stood in terms of taking action to prevent Allende from becoming President of Chile. William Broe, a high-ranking CIA officer, said Eduardo Frei Montalva, the 29th President of Chile, was essential to the situation in Chile, regardless of the type of involvement — military or congressional. The 40 Committee asked that CIA collect information and create more intelligence reports to see what could be further done in Chile. The committee decided it was unlikely they were going to be able to influence the Oct 24, congressional election to go against Allende. Helms was also concerned about Allende supporters in the Chilean military, as it seemed they would support Allende in the event of a coup. As a result of all this information, the Committee decided they wanted a full analysis of two things: (1.) a cost versus benefit analysis of organizing a military (Chilean) coup; (2.) a cost versus benefit analysis of organizing future oppositions to Allende to topple his influence. This presented two options for Henry Kissinger: political maneuvering or outright force.[11]

Four days after the September 8 1970 meeting of the 40 committee, a cable between Richard Helms and Henry Kissinger discussed the lack of morale in the US State Department embassy in Chile according to the American Ambassador to Chile, Edward Korry. Kissinger stated in response that he would call another 40 Committee Meeting for the following Monday. Kissinger further stated that, "We will not let Chile go down the drain."

President Clinton later released documents that established that the U.S. military had provided aid to the Chilean armed forces. The report revealed a sum of money being paid to Allende in 1970 that amounted to US$800,000 annually, amassing US$10.9 million by 1972.

Allende Presidency[edit]
Salvador Allende ran again in the 1970 presidential election, winning a narrow plurality (near 37%). U.S. president Richard Nixon stated his fear that Chile could become "another Cuba", and the U.S. cut off most of its foreign aid to Chile and supported Allende's opponents in Chile during his presidency, intending to encourage Allende's resignation, his overthrow, or his defeat in the impending election of 1976.[12] To this end, the Nixon administration clandestinely funded independent and non-state media and labor unions. The US feared Allende as president because they believed that Allende would seek to create a socialist state in Chile and that he would eliminate US's significance on Chile. Most importantly, the US feared that under Allende's rule Chile would create a close relation with other Socialist countries like Cuba and USSR. Another fear is that all investments made by the US in Chile would be lost. Having Chile under Allende's rule may also mean that Chile could become a platform for other countries to join the Socialist party (especially in the same hemisphere)[13] On September 15, 1970; prior to Allende taking office, Richard Nixon gave the order to overthrow Allende. This was the first time that a US president ordered the ousting of democratically elected president.[12] On November 5, 1970, Henry Kissinger advised President Nixon against peaceful coexistence with the Allende administration and instead advocated one of two positions.[13] The U.S. government had two approaches to fighting Marxism as represented by Allende. "Track I" was a State Department initiative designed to thwart Allende by subverting Chilean elected officials within the bounds of the Chilean constitution and excluded the CIA. Track I expanded to encompass a number of policies whose ultimate goal was to create the conditions that would encourage a coup.[14] "Track II" was a CIA operation overseen by Henry Kissinger and CIA’s director of covert operations, Thomas Karamessine. "Track II" excluded the State Department and Department of Defense.[14] The goal of Track II was to find and support Chilean military officers that would support a coup.

Immediately after the Allende government came into office, the U.S. sought to place pressure[15] on the Allende government to prevent its consolidation and limit its ability to implement policies contrary to U.S. and hemispheric interests, such as Allende's total nationalization of several U.S. corporations and the copper industry. Nixon directed that no new bilateral economic aid commitments be undertaken with the government of Chile.

The U.S. provided humanitarian aid to Chile in addition to forgiving old loans valued at $200 million from 1971-2. The U.S. did not invoke the Hickenlooper Amendment which would have required an immediate cut-off of U.S. aid due to Allende's nationalizations. Allende also received new sources of credit that was valued between $600 million and $950 million in 1972 and $547 million by June 1973. The International Monetary Fund also loaned $100 million to Chile during the Allende years.[16]

Track I[edit]
Track I was a State Department plan designed to persuade the Chilean Congress, through outgoing Christian Democratic President Eduardo Frei Montalva, to confirm conservative runner-up Jorge Alessandri as president. Alessandri would resign shortly after, rendering Frei eligible to run against Allende in new elections.

Track II[edit]
Main article: Project FUBELT
The CIA had also drawn up a second plan, Track II. The agency would find military officers willing to support a coup and provide them with support. They could then call new elections in which Allende could be defeated.

In September 1970, President Nixon found that an Allende government in Chile would not be acceptable and authorized $10 million to stop Allende from coming to power or unseat him. As part of the Track II initiative, the CIA used false flag operatives to approach Chilean military officers, to encourage them to carry out a coup.[17] A first step to overthrowing Allende required removing General René Schneider, the army chief commander. Schneider was a constitutionalist and would oppose a coup d'état. To assist in the planned kidnapping of Schneider, the CIA provided "$50,000 cash, three submachine guns, and a satchel of tear gas, all approved at headquarters..."[18]:361 The submachine guns were delivered by diplomatic pouch.[19]

A group was formed, led by a retired general, General Roberto Viaux. Viaux was considered unstable by the U.S. and had been discouraged from attempting a coup alone. The CIA encouraged him to join forces with an active duty general, General Camilo Valenzuela, who had also been approached by CIA operatives. They were joined by an Admiral, Hugo Tirado, who had been forced into retirement after the Tacnazo insurrection. On October 22, Viaux went ahead with a plan to kidnap General René Schneider. Schneider drew a handgun to protect himself from his attackers, who shot him in four vital areas. He died in Santiago's military hospital three days later. This attempted kidnapping and death of Schneider shocked the public and increased support for the Chilean Constitution. This ultimately led to an extreme contrast to the expected outcome of a coup. The Chilean people rallying around their government. Which in turn, overwhelmingly ratified Allende on November 3, 1970.[20]

A CIA and White House cover-up obscured American involvement, despite Congressional investigative efforts.[19]:100 The Church Committee, which investigated U.S. involvement in Chile during this period, determined that the weapons used in the debacle "were, in all probability, not those supplied by the CIA to the conspirators."

On September 10, 2001, a suit was filed by the family of Schneider, accusing former U.S. Secretary of State Henry Kissinger of arranging Schneider's 1970 murder because he would have opposed a military coup.[21] CIA documents indicate that while the CIA had sought his kidnapping, his killing was never intended.[18]:360 Kissinger said he had declared the coup "hopeless" and had "turned it off".[16] However, the CIA claimed that no such "stand-down" order was ever received.[22]

After Schneider's death, the CIA recovered the submachine guns and money it had provided.[23] Both Valenzuela and Viaux were arrested and convicted of conspiracy after Schneider's assassination. One member of the coup plotters that escaped arrest requested assistance from the CIA, and was paid $35,000, so "The CIA did, in fact, pay "hush" money to those directly responsible for the Schneider assassination—and then covered up that secret payment for thirty years."[19]:34[24]

In 1970, the U.S. manufacturing company ITT Corporation owned 70% of Chitelco, the Chilean Telephone Company, and funded El Mercurio, a Chilean right-wing newspaper. The CIA used ITT as a conduit to financially aid opponents of Allende's government.[25][26] On 28 September 1973, ITT's headquarters in New York City, was bombed by the Weather Underground for the alleged involvement of the company in the overthrow of Allende.[27]

Allende was revolutionizing his country with the first computerized traffic light system and other innovations, the US viewed them as a threat and destabilized them.

Failed coup attempts, " 100 million $ loan frOm the IMF"

Finally, A SUCCESSFUL COUP, Pinochet, the US Goverments boiii!

This is easy when it's a small lone country, try doing this to 5 large countries and see how easy it will be ! The brics are a massive threat to US imperialism.

I feel sorry for US Citizens who have endure some of the worst tyranny in the western world!

Russia and China might play ball, when they realize cryptocurrency is the way to destroy the US dollar , that puts so much burden on so many across the globe!