Off with its head! Regulators and central bankers want to decapitate the monster they, themselves, created. [Unsubscribe]( [Image](https://) Just Say No⦠To Banning Bitcoin - Not one, but two(!) WSJ pieces about Bitcoin bans in todayâs rag.
- Get The State to abolish the monster it created?
- Amazing how there werenât any drug dealers, hackers, or money launderers until BTC was created... Recommended Link [5 stocks every American should own for 2021]( [Click here for more...]( People called her crazy when she warned of a housing collapse in 2004⦠until the markets crashed in 2008. And when she warned of financial turmoil last year â 44 days before the big crash â they told her to stop worrying. Then Bill Ackman famously warned âall hell is about to break loose.â Now, Dr. Nomi Prins is making another bold prediction. Except this time⦠sheâs never been so bullish. [Click Here To Watch]( Sean Ring Editor, Rude Awakening Happy Hump Day! The weather is weird in this part of the world. Spring is hotter than summer, so itâs cooling down a bit. My AC is not going to break down any time soon, thank heavens. But whatâs breaking down is The Stateâs control of the cash itâs been spewing out since 2008. Violent Intervention Never Solves Problems When have any of these ever worked? The War on Drugs The War on Terrorism The War on Rogue Banking (Basel I, II, II.5, and III) Never. They just bring more attention to the thing youâre warring on. Hilariously, one of my graduate schoolmates equated the Basel Accords with a piñata that he was continuously striking without a blindfold on! Money just fell onto the floor for him and his buddies to pick up! Letâs try some more. Have you heard of these? Last Tango in Paris Monty Pythonâs The Life of Brian Funny Girl Each of these movies was banned in different countries. Absurdly (to me at least), the Egyptian government banned Funny Girl in Egypt because Omar Sharif, an Egyptian, and Barbara Streisand, a Jew, portrayed an on-screen romance. (Maybe he was too handsome for her, but a ban is a step too far.) And what about these literary classics? The Decameron The Canterbury Tales Candide These books were banned in the United States for obscenity. Heck, The Grapes of Wrath, perhaps the Great American Novel, was banned in California for its allegedly unflattering portrayal of its residents. And what do all these things have in common? Everyone has at least heard of them. Perhaps even read or watched them. The Wife of Bathâs Tale, of The Canterbury Tales, was required reading in my high school English class. Later in life, I was delighted to discover my old compliance officer lived on Tabard Street in London. Thatâs where the pilgrimage to Canterbury begins. Ah, the dinner parties he used to throw there! Fond reminiscence aside, bans donât work. Ever. All they do is heighten curiosity. And from there, the public finds a way to accept, enjoy, and use whatever the subject of the ban was. Bans increase the allure. Authoritarians donât realize how they sound so very like the Red Queen screeching, âOff with her head!â every time they call for a ban. Of course, authoritarians slip into totalitarianism soon enough. All this brings me to the latest victim of the now seemingly ubiquitous calls for a ban: Bitcoin. Bitcoin is a Symptom, Not a Cause Satoshi Nakamoto, whoever he/she/they was/were, created Bitcoin precisely because world governments fell asleep at the monetary wheel. And whatâs more, they acted in concert to end the last crisis. Thatâs right, the world governments put their little peabrains together and came up with a solution: Printing the living crap out of every one of our currencies to prop up asset prices. There is one reason for this: older people have assets, and they vote. I donât mean to sound ageist, especially as Iâm knocking on the big 5-0, but Thomas Sowell put it best: Do you want to know what the Fed really did to your money? On October 1, 2013, 1 BTC = $123.65499. That means that BTC 0.008087017 bought $1.00. As of today, 1 BTC = $38,290.44853. So BTC 0.0000261161735 buys $1. Iâll do the math for you: the USD has lost 99.68% of its value against BTC since October 2013. Hereâs a chart of that demise. Itâs an obscenity! If your buddies are HODLers, you canât possibly blame them for looking at any USD holder like theyâre from Mars. If you saw that chart with no labels and thought it was a stock, would you buy it? Of course not! Iâve seen corpses with more life than that chart. Since the evidence is obviously against the powers that be, theyâve got to resort to emotional and illogical arguments. Recommended Link [Coming to America: A New Federal âDigital Dollarâ?]( [Click here for more...]( Itâs finally here⦠Starbucks, Subway â and 16 other major businesses â are set to test a new state-mandated digital currency. [Click Here To Learn How To Prepare]( Please Edit These Idiotic Articles The first, [an opinion piece by Lee Reiners]( executive director of the Global Financial Markets Center at Duke Law (God help us), is riddled with inaccuracies. Luckily, my faith in the world was immediately restored by the Comments section, which utterly destroyed Reinerâs âargumentsâ piece by piece. âRansomware canât succeed without cryptocurrency,â he writes. It took me a little under 5 seconds to see that the first ransomware attack happened in 1989, a mere 20 years before Bitcoin was invented. Reiners continues, âBanning anything runs counter to the American ethos, but as our experience with social media should teach us, the innovative isnât always an unalloyed good. A sober assessment of cryptocurrency must conclude that the damage wrought by crypto-fueled ransomware vastly outweighs any benefits from cryptocurrency.â What? Somebody must have forgotten to remind Mr. Reiners that anyone who owns Bitcoin protected their purchasing power, at the very least, or increased it. Reiners passes over this as if it doesnât matter. Thatâs just ridiculous. In fact, thatâs the very reason Nakamoto invented it. Talk about fit for purpose! Unmercifully, he keeps going: âIt isnât obvious that cryptocurrency provides any benefit at all beyond the chance to make a quick buck. I have been studying the crypto market since its inception, and I have yet to identify a single task or process that crypto makes easier, better, cheaper, or faster. Donât take my word for it. Ask any friend why he owns cryptocurrency, and the answer will invariably be âto make money.â In other words, speculation.â The No True Scotsman fallacy is strong with this one. âIsnât it obvious..â âAsk anyoneâ¦â Sure. Ask 50 different crypto enthusiasts why theyâre enthusiastic about crypto, and you may very well get 50 different answers. I have. And while some are positively thrilled with their gains, it wasnât always about speculation. [The next piece]( is a thinly veiled cheerleading exercise that Beijing will do the dirty work of the U.S. government. Itâs depressing. Mike Bird writes, âThe first and most obvious reason [for Beijing to smother the crypto sector] is the stated one: to limit the risk of financial excesses becoming a broader social issue.â Youâve got to be kidding me. No one has caused financial excesses more than central banks. Itâs idiotic to worry about speculative cryptocurrency losses in this context. He continues, âThe second reason to smother bitcoin applies to mining particularly: The energy intensity of âminingâ increasingly runs at odds with Beijingâs environmental goals.â Iâm literally laughing my ass off at this point. My wife and I once visited Beijing. Itâs well worth it. Days 1 and 2 were crystal clear, and we climbed the Great Wall. I took this picture at Mutianyu, the rebuilt part of the wall, on a gorgeous day: Then, on Day 3, I opened our hotel room curtains. I said to my wife, âI donât remember a wall being here.â As my eyes adjusted, I could start to see the outline of the building across the street. Holy shit! It was smog. Filthy, toxic, disgusting smog. We barely left the hotel for the rest of the trip. If Beijingâs goal were so laudable, they wouldnât need a 10-year wait to start to comply with the Paris Accord. âThe third reason is... any avenues citizens might use to move money out of China easily will be under perpetual threat of closure.â And thereâs the onionâcapital controls. And why might the [CCP need capital controls]( And there you have it, folks. I hate to sound like an evangelist. Iâm not. But letâs let the market decide if itâs going to be Bitcoin going forward. If the people prefer it to government fiat, then thatâs their choice. The whiny ban advocatesâ âargumentsâ are not worthy of the name. Have a fabulous day today! Regards, Sean Ring
Editor, Rude Awakening Recommended Link [The End of The Middle Class](link) [(The REAL Truth)]( [Click here for more...]( The middle class is getting wiped out⦠and thereâs a small group of 12 unelected officials â and they are responsible for the demise of the middle class. Fortune calls this group of unelected officials an⦠âenlightened coterie of bankersâ¦â Former U.S. Representative Dr. Ron Paul told MSNBC, this group is actually more powerful than congress. As the Huffington Post said, this is already âmaking the rich richer and leaving you behind.â Look, deep inside, [we all know something has gone wrong with our countryâ¦]( And yet nobody seems to put their finger on it. If you ever felt that for some reason you never seem to get ahead, despite working hard and doing everything right. [Then you need to take a moment to prepare and grow your wealth during this massive new transfer of wealth.]( [Click Here To Learn More]( [Whitelist Us]( | [Archive]( | [Privacy Policy]( | [Unsubscribe]( Rude Awakening is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Paradigm Press delivering daily email issues and advertisements. To end your Rude Awakening e-mail subscription and associated external offers sent from Rude Awakening, feel free to [unsubscribe](. Please read our [Privacy Statement.]( If you are you having trouble receiving your Rude Awakening subscription, you can ensure its arrival in your mailbox by [whitelisting us.]( © 2021 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security they personally recommend to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Email Reference ID: 470SJNED01