No small enemy, no unnecessary friend

My ideas are still scattered on the subject. And is that assimilating how the macro affects your micro world is not so obvious?

If you don't know what I'm talking about, I recommend you to read the first part of the article at the link below:

https://read.cash/@Jnavedan/who-is-the-enemy-of-the-enemies-of-cryptocurrencies-9d7a38e8

However, if you still persist in continuing reading. I hope this part is coherent enough to express the gist suggested by the title.

Cryptocurrencies, no doubt, have multiple enemies. Although the reasons are not always absolute nor monolithic. 

More so when the center is the predominance of power. 

In the first instance, the enemy prepares the contender to emerge shortly under the garb of CBDCs.

I assume that you know what this acronym means. 

But if you don't. Suffice it for you to know. These are the new digital currencies of central banks under Blockchain technology.

And whose overall objective is to displace the current financial intermediaries (represented by international commercial banking) in the issuance of digital money.

What a game that is served on the table! 

And when it comes to money. No one is exempt: big and small, rich and poor. Sounds a bit apocalyptic.

Well! Let's leave the drama aside. And let's dig a little into the other institutions that don't want cryptocurrencies to succeed.

In the first part, I wrote about the BIS and FATT. So now it's up to the International Monetary Fund (IMF) in third place. 

https://everipedia.org/wiki/lang_en/International_Monetary_Fund

It is an organization based in Washington (USA) created in 1945 under the agreement of the Bretton Woods Conference. 

Currently, the fund is made up of contributions from 189 countries used to grant loans for the financial stabilization of countries in crisis to prevent them from affecting the international system.

Sounds great! It is a pity that they also impose conditions and terms that benefit certain institutions since the instrument of the new slavery goes hand in hand with indebtedness.

The IMF is aligned with the interests of the United States. Since it provides the highest contribution. And therefore placing more representatives in this organization.

You know, the US dollar is the globally accepted currency of exchange. Something that (in these times) is being threatened. Not only by cryptocurrencies but by the interests of countries that want to create an alternative system.

Likewise, it seems that the IMF's efforts are focused on keeping developing countries under control, which, by the way, are the ones with the natural resources.

Therefore, do not be surprised to read or hear (from IMF representatives) any craziness and demands against cryptocurrencies.

To cite an example, after the decision to use crypto in El Salvador, the IMF established a clause in the loan to the Argentine government to discourage the use of cryptocurrencies.

The attack is mainly oriented toward Bitcoin (BTC). However, if one likes the fifth paw to the cat, one must wonder if, in fact, the IMF is an avowed enemy of BTC.

Sure, this is a question that is not so obvious. Remember, all is not what it seems.

In fourth place on this ineffable list is the World Bank.

https://everipedia.org/wiki/lang_en/World_Bank

It is an organization whose scope of action is almost parallel to the IMF. And in fact, it is headquartered very close to it, in Washington.

It was created on July 4, 1945 (curiously, on the date of the celebration of American independence) to provide long-term technical support to developing countries.

Also, the WB grants loans at interest rates below the international average to contribute to economic development and poverty eradication.

However, poverty still remains, and so do the developing countries of the time.

Countries lurch back and forth between apparent improvements that end in (in the opinion of critics, premeditated) failures.

Something is not working as it should.

So, do not be surprised that this organization operates in discreet harmony with the International Monetary Fund. They are united by the same unmentionable interests.

In that sense, both the WB and the IMF follow the guidelines and policies of the BIS toward a digital currency under a centralized and state-regulated ledger using Blockchain technology.

A trinity of care.

In fifth place, there is the World Economic Forum (WEF). 

https://everipedia.org/wiki/lang_en/World_Economic_Forum

It is a foundation based in Switzerland, created in 1971. Which associates the main actors of the government and business sectors, which it calls stakeholders, and which indirectly takes the torch from the Club of Rome.

I wonder who elected these people to dictate the policies or issues that will govern the destinies of the rest of humanity?

Or maybe! It is that democracy has always been overrated and is an illusion sold to us to reassure us in the face of the problems we face.

In any case, those who lead the WEF are part of a technocracy that threatens the average citizen.

A technocracy is obsessed with centralized control of society. And now has cutting-edge technology such as artificial intelligence, nanotechnology, and blockchain, just to name a few.

The transhumanist goal of turn some into homos Deus. While the majority are dispensable beings to be eliminated.

So, they dress up as philanthropists and are not interested in cryptocurrencies as a liberating element of poverty.

They are interested in the technology they use (blockchain) and some applications such as Smart Contracts and the metaverse to achieve their ends.

By the way, what is the dystopia imagined by the WEF?

You will have nothing and be happy. Ha, ha, ha

Although I shouldn't laugh about it. These people are serious, and they have the power to do it.

Do you know several big players in the crypto sector are sympathetic to the WEF and the trans-humanist ideal?

Don't take my word for it. Go the money and sponsorship route.

What are the crypto projects and companies that agree with the WEF?

Digital identity, social credit, always-on tracking of everything (IoT), the assets' tokenization so you can control their ownership, and stakeholder equity participation via a proof-of-stake consensus mechanism ring a bell.

Consider the use of technology associated with Blockchain. For examples:

Use of smart contracts.

• Automated censorship.

• Preventing the purchase of some goods and services.

• Create incentive systems such as decreasing meat consumption.

Use of the metaverse

• To limit population growth.

• To pacify the inhabitants of developing countries.

• To give useless people something to do.

The threat is real and right before our eyes.

How many Davos men do you know, and are they close to you?

Source: Image by Gerd Altmann on Pixabay 

Final Thoughts 

In the first article of this short series, the starting point was BlackRock's partnership with Coinbase. It is curious to read about the negative opinion expressed by one of its founders and a member of WEF.

So, there is a dissonance between what is said and done. Moreover, the complexity of the world implies constant changes along the way. 

Don't forget that BlackRock is a publicly traded company on Wall Street. This is key.

One could say that Wall Street is another relevant player in this complex web of interests and purposes where the crypto verse moves. 

Perhaps, it is the center of the board where the pieces are exchanged and determines today the future of the game. 

Consider the recent history. Asset managers like BlackRock and Vanguard and mega banks like JP Morgan have become bigger by being the primary recipients of the dollars issued by the Federal Reserve. As well as close ties to the SEC.

https://everipedia.org/wiki/lang_en/BlackRock

https://everipedia.org/wiki/lang_en/The_Vanguard_Group

Do you really think they agree with the success of Nakamoto-style cryptocurrencies?

Banks and stock managers don't want to be replaced by cryptocurrencies. But they don't want to be replaced by CBDCs either. 

This would explain why they are dabbling in the crypto market under guidelines that suit them from WEF.

The role of these managers can be filled by Fintech companies such as PayPal and other cryptocurrency companies.

In this sense, the best strategy is to take control of cryptocurrencies (BTC case).

So, remember. 

The enemies of the cryptos enemies are a friend of care for us: who just want more freedom to live in dignity.

If you still don't believe me!

Ask yourself why noise with proof of work carbon footprint and ESG criteria.

Could it be that it is easier to control the proof of Stake?

Do your own research (DYOR). Not just for speculative purposes to bet on projects. Which in the end: doesn't suit you.

An original article by @Jnavedan

The thumbnail by Nick115 on Pixabay 

Cover image by Haykanush Goroyan on Pixabay 

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