The U.S. Dollar is facing record inflation…
This is not a statement knocking the Dollar in particular; all fiat currencies are overprinted, depreciating, and lack intrinsic value. All fiat currencies eventually go to zero.
Governments around the world, and indeed, across time have made poor fiscal and monetary choices. This reckless spending and overprinting directly leads to inflation and eventually a collapse of the currency.
From ancient Rome to the modern post-WWII states, every single state structure points to one overwhelming reality: the state cannot be trusted with the power to mint money…
Much in the same way history has proven that the state cannot be trusted to administer religion and sanction religious institutions.
500 years ago it was accepted as a fact of life that the state controlled religion; in 2022 Western societies accept it as a fact that they must maintain a separation between church and state—things just work better that way.
The advent of cryptocurrencies, Bitcoin, and digital assets now threatens to take away one more sacred pillar entirely monopolized by the state, and it is going to make Americans freer, more secure, and more financially prosperous.
Don’t take my word for it though, Heritage Foundation President, Kevin Roberts, says that Bitcoin is a way to protect the financial well being of Americans from a reckless government:
The Heritage Foundation organized a talk about #Bitcoin and the American Experiment.
— Granata Consulting (@GranataLLC) May 26, 2022
— The Man ∞/21M (@21millionman) May 24, 2022
Roberts’ statements appeared on Finbold :
Roberts’s reasoning was that:
“Bitcoin can protect Americans since it cannot be created out of nothing.”
In his introductory speech, he explained his views of “Bitcoin as the single greatest destructive innovation in a positive sense.”
Kevin Roberts, The President of the Heritage Foundation said ‘Bitcoin can protect Americans since it cannot be created out of nothing’.
— Cryptobabytips (@cryptobabytips) May 24, 2022
Thank you to The @Heritage Foundation for inviting me to join their panel on “Bitcoin and the American Experiment.” So great to join @CaitlinLong_ and @saylor to discuss the future of Bitcoin in our American financial system. pic.twitter.com/krkDerfECs
— Senator Cynthia Lummis (@SenLummis) May 23, 2022
According to ProCoin News, the Biden administration is inching closer to a CBDC—the ultimate form of state financial control:
After all, a digital dollar could mean that it would be programmable with certain rules that could be considered controlling and privacy-invading.
Latest reports show that a federal digital dollar simulation is now being conducted by the Biden administration and institutions like MIT.