Authored by Kane McGukin via BombThrower.com,
We’ve witnessed this narrative before. This iteration depicts the clash of digital assets against declining power structures of the past.
Back in the early 1900s, particularly in the 1920s, Benjamin Strong orchestrated global agreements where leaders sent their gold to the United States for “safekeeping” and to regulate capital flows for the “stability” of the system. In retrospect, this strategic move positioned the US at the core of an emerging fiat currency-based monetary system. It was a system constructed on the foundation of US industrialists, facilitated by international political alliances, and shaped by conflicts in capital markets and geopolitical struggles. This calculated maneuver placed the US in charge of our global monetary framework.
As the geopolitical landscape shifted, tensions mounted and global conflicts erupted.
Some nations operated in the shadows with indirect funding, while others engaged in direct combat to uphold their visions of future power dynamics. As the intricate web of relationships influenced global capital flows, it rearranged the power dynamics and wealth distribution across the global stage. Countries demanded the return of their gold from the US. To pacify them, Team Strong made numerous diplomatic visits and assurances to safeguard their assets. However, the US often retained the foreign gold, leaving others in a predicament.
Upon Strong’s demise, the intricacies of his strategy remained a mystery. Without his adept manipulation, the financial markets and political actors found themselves in a precarious position. This led to a significant upheaval, culminating in the Great Depression, a catastrophic event that reverberated worldwide. This era of turmoil eventually culminated in a global conflict (WWII), marking the end of a 31-year period dominated by financial, economic, and military supremacy, paving the way for a new monetary system under the Bretton Woods agreement. All monetary transactions now revolved around gold reserves stored within US borders, despite the warnings of Triffin’s Dilemma.
After the dust settled and tensions eased, a resolution was reached. Realignment was necessary to restore access to financial resources for all parties involved. The stage was set for a fresh round of negotiations, ushering in new leadership, agreements, and tiers of nations to shape a revised understanding of the game’s rules. The groundwork was laid for a revamped currency system.
This tale, though from a bygone era, echoes with familiarity when applied to our current international and monetary landscape. Once again, we find ourselves at a pivotal societal crossroads.
Caught Between the Interplay of Money and Greed.
Reflecting on our history underscores the importance of recognizing the value of stable monetary assets. These assets are crucial for transitioning to a digital monetary system that drives our modern society—a shift that demands a shift in mindset and time.
Both influential figures and ordinary individuals alike are vying for a new set of rules and a fresh monetary foundation that will shape power dynamics for the next century. Citizens observe as key political figures engage in clandestine battles behind closed doors. Platforms like X (formerly Twitter), Meta (formerly Facebook), Tiktok, and Nostr craft their narratives for the digital arena, disseminating memes and propaganda across various media channels to influence the next generation of leaders. The objective? Much like in the early 1900s, it is to dominate the free market of money and influence.
“A man generally has two reasons for doing a thing. One that sounds good, and a real one.”
– JP Morgan
Over the past two decades, our conflicts have increasingly taken on a cyber dimension. Consequently, Bitcoin has emerged as a modern equivalent of historical gold. The migration of Bitcoin Hashrate from China to the US, alongside the establishment of exchanges like Coinbase, Gemini, and Kraken, signifies a shift towards a future where money, interest rates, lending, and bartering operate through digital channels.
Preparing for the Next Phase of Global Order.
Major financial institutions, technocrats, Wall Street entities, and political figures are all vying for their vision of the future. The ongoing adjustments in the financial landscape reflect a shifting market momentum.
The transition from traditional warfare to cyber warfare took time to unfold.
What originated as credit card technology and advanced research initiatives at the Defense Advanced Research Projects Agency (DARPA) in 1958 eventually paved the way for the internet, protocols, and the rudimentary infrastructure for digital money transfers. The rise of information and consumer technologies led us into a digital realm where our monetary transactions were increasingly digitized and decentralized. This digital revolution heralded a more interconnected and intelligent world.
As the groundwork for a digital financial system was laid, new actors entered the global stage, supplanting the traditional monetary architects like Benjamin Strong (US), Montagu Norman (England), Hjalmar Schacht (Germany), and Emile Moreau (France) with entities like The Five Eyes (US, UK, Canada, Australia, New Zealand).
With the turn of the 21st century, power dynamics shifted. E-commerce and social platforms redirected business and consumer attention, necessitating new tools for psychological research to keep pace with evolving trends. This demand led to the establishment of the Intelligence Advanced Research Projects Activity (IARPA) in 2007, picking up where DARPA left off.
As public sentiment gravitated towards the concept of digital scarcity, Bitcoin surged. Serving as a reliable means of transmitting sound money across digital networks, Bitcoin assumed the role of the frontrunner in the race. Yet, as nations once again engage in power struggles, citizens raise concerns about privacy and surveillance tactics.
At this juncture, the stage is set for stakeholders to make their moves. Several crucial questions loom large, with their answers dictating the ensuing freedoms or authoritarian measures.
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Which Bitcoin advocates emulate Ben Strong’s role?
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Which Bitcoin influencers embody the spirit of Norman, Schacht, and Moreau?
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Has the Digital Bretton Woods conference convened? If not, when will it take place, and which entities will be invited?
These are the keys that will chart our course forward. They hold the key to the future of money, power, and authority.
New terminologies and actors will shape the value of assets, utilities, and digital infrastructures that will facilitate civilized transactions for all. This is a new narrative with fresh faces, technologies, and tools, yet it remains intertwined with the timeless tale of money that spans human history, echoing the cyclical nature of our times.
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