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WEF TARGETS CRYPTOS. Decentralized, private cryptocurrencies are doing more than just register and scare the globalists. Organizations like the World Economic Forum (WEF) and the FATF, created by tight networks of billionaire elites, are mobilizing their power and resources to determine how to grab control of the blockchain for their benefit.
The WEF is notorious for birthing “The Great Reset” and telling average, non-elites of the world that in the future, “You will own nothing. And You will be happy.”
As usual, to control the cryptocurrency debate, they are busy first controlling the language. That’s apparent in a new WEF clarion call to regulate cryptos.
“These technological developments are not without significant challenges,” the WEF posted on its homepage on May 5th, 2021, in an article titled. International Cooperation and the Era of Digital Currency Growth: “The payment system is a public good; it needs to be regulated.”
The article attempted to place payment systems as rightly a province of governments, by casting cryptocurrencies as a wild west of criminal activity:
“Policymakers must address concerns about privately-issued digital currencies potentially being used outside of regulatory perimeters, facilitating money laundering or terrorist financing transactions. The ease by which digital currencies can be purchased and traded 24/7 over the internet and mobile phone, sometimes without the involvement of regulated entities, raises concerns about consumer protection, data privacy and potential cybersecurity risks.”
Private Criminality Or Government Recklessness?
But the WEF polemic avoided talking about the reason why decentralized cryptos have caught fire.
Governments are inflating and devaluing currencies at a record pace, to pay their debts, and to buy the control they gained from locking down citizens and crushing whole sectors of their economies.
Bitcoin can’t be inflated. And blockchain projects including Ethereum, Maker, Ripple, and others promise a wide array of innovations are also seen by some as a way of staying ahead of the steepening inflation curve.
While paying lip service to some of the “democratizing” aspects of cryptocurrencies, the WEF article strongly advocated for the power of payments to be tightly controlled by world governments. And the WEF isn’t just settling for writing articles to influence government powers.
Like other globalist organizations including the FATF, the WEF has set in motion an influence-peddling apparatus, “The Digital Currency Governance Consortium.” The Consortium has lined up a series of confabs of policymakers to strategize on messaging and rolling out of a regulatory scheme that will try to establish government control over the crypto wealth being created.
The Consortium homepage on the WEF as much as admits that early on, the elites failed to understand the nature and potential of cryptocurrencies and related blockchain technologies:
“Recent developments have heightened global awareness of the opportunities, challenges, and risks posed by new forms of digital currency. During the early development of privately created digital currencies, authorities generally took a hands-off approach, not sensing substantive risks or not wanting to interfere with technological innovation.”
Globalist orgs are now looking to make up for lost time to try to get control over the blockchain, by bringing together the centralizing elitists that pull the strings of governments.
TREASURY CALLS ON BIG TECH FOR “TOOLS” TO GO AFTER CRYPTOS. The U.S. Treasury is out to crack crypto privacy. Last week, it posted a procurement call, seeking solutions to analyze blockchain-based transactions and glean information on involved parties.
The call was issued as a public notice by the department’s Office of Global Targeting. The ostensible purpose of the initiative will be to identify parties that are either on or under consideration to be put on the Specially Designated Nationals (SDN) List.
Entities and persons on the SDN are generally blocked from conducting business with Americans.
“These tools will be used specifically to support cyber sanctions implementation undertaken by OFAC,” officials wrote in the notice. “More than one tool is preferred, in order to corroborate attribution of cyber actors, sufficient to meet legal requirements for use as evidence in OFAC [Office of Foreign Assets Control] designations determinations.”
Bitcoin was specifically mentioned in the procurement call. A Department spokesperson declined to reveal whether OFAC has applied virtual currency-tracing technology in the past, according to NextGov.
The Trends Journal has previously reported on NextGov, a tech-backed website that connects government agencies with products being developed and promoted by tech companies.
BLOCKCHAIN VYING WITH BIG TECH FOR INVESTOR MONEY. It’s hardly a secret at this point that institutional investors have made moves out of big tech stocks and into commodities and financials.
But tech stocks are also taking a hit from individual investors gravitating to cryptocurrencies and other blockchain-based investments, according to some market observers.
So far, individual investors have shown some willingness to buy tech stocks “on the dip,” Ben Onatibia of investment research group Vanda told MarketWatch.com this past week. But Onatibia speculated that it would take a cryptocurrency “correction” for investors to regain enthusiasm for formerly hot tech stocks like Apple and Google.
The market analyst also pegged hopes for improvements in other sectors currently in the doldrums on cryptos going south. “Investors in [environmental, social, and governance-focused stocks], electric vehicles, and a host of other highflying sectors will need to pay full attention to developments in the crypto world. A significant correction is all they may need to get some of their lost appeal back.”
Only time will tell whether blockchain defi and other projects and applications signify a new era of tech innovation that can hold and build on current investments pouring into projects. But it’s clear that individual investors appear to have caught on to the potential importance of platforms like Ethereum and Maker, which already contain ecosystems featuring thousands of dApps.