The puzzle is coming together. Inflation was first over-taxation later.
And more and more politicians are moving the pieces of the puzzle together not for a brighter future but more control of you and your liberties and financial well-being. At your own expense, the establishment is pushing for more and more of your privileges, covering with lies and saying that they are being enacted to protect you, and that's not happening only in the US but around the world. Your country may be affected too by the action taken by the rich countries like the US, China, Russia, and the EU.
The last news is about Biden's proposal to lean on banks to find unreported income from citizens. This attacks your privacy, but it will also create more headaches for whole industries. Many more jobs could be lost because governments will make running a business harder, only in US territories. Still, you should pay attention even if you don't live in the US because politicians in your country will start to copy similar legislation in your country too.
This means that people will start to use fewer and fewer banks, especially if taxes become too unbearable; if the rumor of an 80% tax is authentic, that will force people into not paying taxes outright and leave the country and risk it. One way to control inflation is by taxing citizens more. They are looking for funds to tax to fund their child's stimulus. In other words, the past stimulus will be paid with everyone's future income, the government's weapons of choice, inflation, and right after its taxation.
So Biden wants to find unreported income to tax you and take your money. Meanwhile, the rich have their money outside the country, paying none of the taxes. Now the next level of control will be capital control. Up to this day, they haven't taxed unrealized gains, but they are also planning on doing that, and once they realize that people will not sell and move to another country, they will enact capital controls. In other words, you will have agents searching you at the border when you get out of the country.
And exchanges that ask for KYC will be reporting you to your local agencies, which is happening in the US and around the world. In short, so that you know more taxes will come as well as inflation of your local currency, later capital controls for those who didn't move their money out of the country or some countries in time, and after a total while collapsing, if not everything at the same time.
The United States manipulates other countries by any means, so you can bet what is being cooked at Capital Hill. It will be exported to your country as well, not to mention that money printing of the US dollar will also affect your currency. With their money and institutions, the rich favor draconian laws because they benefit first from government regulations and money printing. Add to injury, and the elites are planning all that is coming.
In Conclusion.
The future that is coming is nothing less than another Venezuela or Zimbabwe. Pretty much inflation and even hyperinflation are coming not only to the rich countries but as to the emerging countries, higher taxes for everyone else that doesn't have one billion dollars, and capital controls which have not been imposed just yet but are next in the list for a recipe to collapse your economy. Please don't listen to people like Elon Musk. They are rich enough to be treated differently or have enough money to escape whatever legislation that may destroy capital.
The rich don't like peer-to-peer because that destroys them, and it takes their power away and gives it to you, the regular citizen. And the reason for yesterday's drop has been debunked already: miners use renewable resources in their mining operations, like hydropower, solar energy, and other renewable sources for electricity. It is just manipulation at the end of the day. Remember that the rich and governments sleep in the same bed with central banks.
News sources.
Please like, comment, and subscribe.
https://news.bitcoin.com/us-sec-75-cryptocurrency-related-enforcement-actions/
Ok, I'll be the @$$h0l3. I'll ask the questions:
I'll keep it at those questions for now. Please answer them, I am genuinely interested in understanding your rants and peeves.