Cryptos Crash & Duration - 12-07-2023
Episode Summary:
Clif High discusses various topics related to currency collapses, the gold standard, blockchain technology, and UFOs. He begins by talking about his personal projects and then delves into the history of currency, particularly the transition from the gold standard to fiat currency in the U.S. He recounts the impact of the Nixon administration's decision to move away from gold-backed currency, leading to the creation of the petrodollar. High highlights the instability of the French fiat currency in the 60s and compares it to the U.S. currency system.
He then shifts to discuss the pattern of currency collapses, drawing from historical examples like the Weimar Republic and the banking crises of the late 19th and early 21st centuries. High believes that a similar pattern will occur again, marked by a tumultuous six-month period followed by recovery efforts. He emphasizes the role of denial in society, particularly regarding the worthlessness of currency and the profit-driven nature of wars.
High also talks about the Central Bank Digital Currency (CBDC), expressing skepticism about its implementation, particularly in the U.S., due to code issues. He mentions XRP as a potential basis for CBDC but criticizes its unlimited printing potential, likening it to fiat currency. High stresses the importance of decentralized cryptocurrencies like Bitcoin and Monero, especially for international settlements, as they provide a secure and irreversible transaction method.
The discussion turns to the anticipated currency crash's social impacts, predicting a rejection of proposed banking solutions, leading to significant social change. High foresees a failure of confidence in government and authority, compounded by an increase in UFO sightings. He suggests that military concerns about UFOs in the 1950s will become relevant again, leading to a questioning of traditional religions and a potential breakdown in societal structures.
In summary, Clif High's talk covers a broad range of topics from historical currency collapses to the potential impacts of future economic crises, the evolution of blockchain technology, and the social implications of increased UFO sightings.
Key Takeaways:
- History of currency transitions, like the shift from the gold standard to fiat currency.
- Patterns and impacts of historical currency collapses (e.g., Weimar Republic).
- Skepticism about the effectiveness of Central Bank Digital Currencies.
- The potential of cryptocurrencies like Bitcoin and Monero for secure international settlements.
- The anticipated economic crisis could lead to significant social change and a decline in government trust.
- The increase in UFO sightings might challenge traditional religious beliefs and societal
Predictions:
- Economic Crisis: Anticipates a significant economic crisis resembling past currency collapses, with a tumultuous six-month period of uncertainty and difficulty.
- Currency Collapse Pattern: Expects a pattern similar to historical collapses such as the Weimar Republic and banking crises of the late 19th and early 21st centuries.
- Decentralized Cryptocurrencies: Predicts the growing importance and utility of decentralized cryptocurrencies like Bitcoin and Monero, especially for international settlements.
- Failure of Central Bank Digital Currencies (CBDCs): Foresees potential failure or public rejection of CBDCs, particularly in the U.S., due to technical and trust issues.
- Social and Political Change: Anticipates substantial social and political changes stemming from the economic crisis, including a decline in trust in government and traditional banking systems.
- Increase in UFO Sightings and Impact: Expects an increase in UFO sightings and believes this will have significant implications on societal beliefs, particularly challenging traditional religious views.
- Military Involvement with UFOs: Suggests that past military concerns and involvements with UFOs will become increasingly relevant, leading to public awareness and questioning.
- Rejection of Proposed Banking Solutions: Predicts that the public will reject proposed banking solutions during the economic crisis, leading to a shift towards more decentralized financial systems.
- Impact on Traditional Religions: Foresees the questioning and potential breakdown of traditional religious structures due to increased awareness of UFOs and space aliens.
- Long-term Economic Recovery Efforts: Envisages a prolonged period of recovery efforts post-crisis, involving the development of new methods for using cryptocurrencies and other digital assets for financial stability.
Cryptos Crash & Duration - 12-07-2023
Hello, humans. Hello, humans. It's close to noon. Heading back out now.
I'm in the process of doing the early stages of this construction on my house to enlarge the thing and basically correct a lot of the faults and have to meet people in town, engineers, soil guys, this kind of thing. So it's going to be a little bit irregular in terms of my schedule for a bit until I get the foundation part poured.
After that, it's mainly crews showing up at my house to do work, so it shouldn't interfere too much with this part of functions. But anyway, so heading back out, been wrestling, as I say, with the cozy rev time issues. You get a lot of people that will disrespect cozy rev and say that it's not time he was actually measuring. And in my opinion, this is because they don't have the correct framework for understanding our reality, right, which is the ether, psychicness and so on.
I could get into some of the details of the science part, but I find that it's probably mostly interesting just to myself and a few other weird fuckers, you know, everybody else, like, you know, they want something a bit more practical so we can talk about monetary collapses.
So I've lived through a couple of those just because of where I was, because in the past, prior to the Nixon taking us off the gold standard and going 100% fiat, the fact that the United States, prior to 1971, had convertible currency, that is, if you were a foreigner, it wasn't pertinent to the United States citizens, because they knew we would raid the treasury and take all the gold. But what they used to do was if you had a bunch of dollars, you could come in and convert them to gold, and our treasury would give you gold for the dollars that the Federal Reserve had printed. Ultimately, of course, it comes down to Federal Reserve doesn't own our gold, and we shouldn't be giving it out for these bits of paper, right? It was, of course, in order that it was for us to create the Federal Reserve currency and get that unearned privilege, or it should be earned, let me put it that way, should be earned privilege of having a global reserve currency. So the should be earned part is that if you're going to be a global reserve currency, you should have something of value that backs your currency, right?
You should have some fiscal responsibility and earn the privilege of being the global reserve currency by virtue of the fact that your house is clean, your books are in order, and you have assets. And so once we converted off of gold, it took them a few weeks to start engineering the petrodollar solution. In that period of time, it was hell, right? During that period of time, it was a wonky fucking economy. But that was nothing like what I encountered going to Germany in the early 60s.
In Europe in the 60s, they had a crash of the french fiat currency. The French didn't have enough reserves to back them. They had a major counterfeiting problem, and they still do have a very poor tax collection ratio per population. And their currency was always considered a little flaky, a little less than secure. Now, even when France had the global reserve currency back in, like, Napoleon's time, even then, their currency was a little flaky, right.
They had a lot of counterfeiting of coins and so on. So even though we were dealing with a reserve currency that was basically gold coinage, they did even then have problems. But in any event, though. So they had this thing called the one for five swap. So if you had five old french francs, they would give you one of the new french francs for that one to five swap.
Now, this was in the 60s. It propped their currency up for a good, I want to say, probably 18 to 20 years. That move. That was the equivalent then of what they did with the Federal Reserve in the 1930s, where they forbade US citizens from having gold. They confiscated the gold that was in that they could get their hands on.
So they came and rated safety deposit boxes and banks and so on, but they knew which banks and which boxes to go to, because at that point in time, you could have gold as a backing for a loan, so you could go get a loan of Federal Reserve notes out of a bank and deposit gold there, and that would seriously reduce your interest rate because you had your gold on deposit, they would reduce it, I mean, significantly for the loans. Another thing you could do with gold that you can't do now is you could insure it. So you could insure your gold independent of where it was kept. Most people, though, would keep it into the safety deposit boxes, but because it was insured, its location was known, it was identified, and thus the FBI and these kind of guys, when they came to it, was actually the Treasury Department and the Department of Justice combined, because it wasn't quite the same structure in the 1930s in our government. But nonetheless, the treasury agents came and went through all these banks over a long weekend, the bank shutdown weekend, which was, I think, basically about nine days.
Most of the banks got done with it in three or four days over a weekend, because a lot of them didn't have people with gold and stuff. There were a few banks that. It took them a long time because of so much metal being stored there anyway, though, so they get the gold, which was at that point worth like $26 an ounce, and then they forbid anybody from having gold in the United States except for banks. And then they converted gold. They instantly made it worth $32 an ounce and then raised it to 35.
And then this backed our currency all through the. With World War II and Korea and all those problems. That was the structure of the fiat currency. It was not 100% fiat at that stage. If you got 35 of the dollars together and you were outside the United States, you could get an ounce of gold for it.
Anyway. So we're going to go through a monetary collapse that's very similar to the french and in my opinion, the algerian problems that developed from their currency issue. Right, because what's going to happen, in my opinion, right, so I have read extensively on currency collapses. I lived through the currency collapse. I was, like, 4 miles away from the french border when all this shit went down in the.
We saw the riots, we saw the problems, and I've also done extensive research into currency collapses. They have a particular pattern. We can expect that pattern to play out again here as well. So it's like nothing really new. Guys, this is going to be the same kind of shit that we've gone through before.
It won't be good, but at least we know its outcome and its potentials and its timeline and stuff. So in all of the currency crashes, Weimar Republic, the banking crisis of 1893, the banking crisis of 1895, all of these banking crises, the banking crises in 2008, all of the bail ins, the banking crisis in 1999, all of these guys, all these things have a particular pattern, and you go through a really rough period that is about six months in duration. Over the course of that six months in duration, people start coming up with solutions and implementing them. A lot of these solutions fail, but some of them are accepted, and they start working, and you start working your way out of the problem because you're addressing the issue of the currency. Now we're falling into the problem because of all the denial, because we live in a society of denial.
They deny the currency is worthless. They deny that the endless wars are all there to prop up the military industrial complex, and the banking, they're all there for profit, and so on and so on and so on. I mean, anything you care to bring up. Truth is now the new hate crime. It's the new hate language.
And so the truth about the currency collapse is that it is coming, and we're going to have to deal with it, and it should be. But if it is like previous currency collapses, we'll have a very, very intense period of about six months when no one knows what the fuck's going on and where all kinds of things don't work. This won't be ubiquitous in terms of the effects, because the country is not the same everywhere, because it's so varied. And so you'll have different responses in cities than you will in the country and rural areas and so on. So it will be different.
But in general, there are going to be certain things that we can say are predictable, right? That we will attempt to discover some mechanism that will work. We won't accept a new system being put on us, although you will find that they, the bankers, the khazarian mafia, the deep state, will be desperate to have a solution come out of their hands that is accepted by the populace. And according to my old data sets, they're going to come up with three solutions, all of which we'll reject. Now, the first solution is probably going to be the CBDC.
Now, here in the United States, the CBDC does not function. The code that they're operating on is just so full of holes and has so many problems that it is basically a non starter. They could not launch a CBDC now on code that has been engineered by the Fed if they tried. Their approach is going to be to use something like XRP as their CBDC as their basis for it. XRP has always been touted as the core for the CBDC.
It only has one customer, and that's banks. So if you're buying XRP, you are speculating on a banking crisis being resolved by the banks that would then allow XRP to exist. Bear in mind, XRP as a cryptocurrency is not like bitcoin or monero or any of these others. XRP has no limit. They can print as much as they want, just like a CBDC.
They can attach to XRP all of the social credit system. They can't do that too easily at all, really. They can't do it to the code in bitcoin. This is something else. You'll hear a lot of the woo woo guys, right, that are not programmers, and they'll say, oh, I'll never touch cryptos because I know one of the guys that wrote the code, okay?
And then I have to ask him instantly, which code was it? The code for it, because bitcoin is 100% distributed, nobody writes the code for the blockchain. The only people that write code that address the blockchain directly in that way, in terms of altering the blockchain by putting in a new block, are the miners. So you know somebody who wrote code for a miner who's mining bitcoin. Well, that's fine.
How does that in any way invalidate bitcoin as an object? Right? Or you could say, well, I know somebody that wrote code for a wallet, and I personally, that is me, moi, I've written code for a bitcoin wallet back in the day, and I even participated in writing some optimization routines for some bitcoin miners. So I've written code for the blockchain, but I didn't write bitcoin per se. I didn't write any blocks.
I did not in any way alter the block design. And there is the rub, guys. The blockchain is not a chunk of code, right? It's not a chunk of code that DARPA wrote. It's not a chunk of code that DoD wrote.
The blockchain has nothing to do with that. It is a block of data. All blockchains are blocks of data that are organized, and then the organization is different from crypto to crypto. So, for instance, in bitcoin, there's 80 bits that are empty, basically, in the structure of it. You can put any damn thing you want in there.
So there's a lot of pornography or whatever being put into the blockchain just because you can do it because of that empty space there. Not all blockchains have that empty space, but the blockchain itself is merely an agreed upon description. So we have all of us programmers. So I could write now I could write a chunk of code and make a wallet that would hit the bitcoin blockchain. I don't need anybody's permission.
I could just write this wallet and it would hit the blockchain, and I could go through, and I could analyze the blockchain and keep track of all of my cryptos in that particular blockchain, right? Just because I wrote a chunk of code for a wallet on my machine, or I could write a chunk of code and become a bitcoin miner. I did that. It wasn't very profitable for me because of the processing power I had and the low bandwidth and stuff at the time, but I've done it. And so anybody can write this stuff.
And the fact that you happen to know somebody that wrote code in no way validates it, because there are thousands of people that wrote code for bitcoin. Thousands. And thousands. None of them ever altered the block in any way. They would just all agree to follow this in their software.
All agree to follow the same convention for the layout of the block, and then they would build a block with their software if they were a miner, and then they would compete for the right to put that block on the chain and earn the bitcoin reward for doing so. Anybody could write their own software for that. Again, it does not in any way invalidate the blockchain, the idea, or any of it. This is a decentralized thing, right? So you'll see people that.
Well, I don't have any bitcoin as an investment. Well, these are people that don't understand computers, and that's fine if you don't understand the software and the nature of the block and how it's all built, the nature of the distributed software for the bitcoin, blockchain readers, or any of the blockchains, for that matter, versus the wallet versus a miner, you probably shouldn't mess with it, right? So this is a reasonably sophisticated investment for reasonably sophisticated people who are comfortable with digital material and digital assets. And we know for an absolute fact that as we rebuild out of the currency crash we're heading into, that, we will have the need for international settlements. And blockchain is beautiful for that because nobody has to rely on anybody else's word.
So if I say I'm going to send x number of any coin monero or whatever. So I sent some Monero down to Jeff Berwick's deal, right? His help Acapulco recover from the Otis weather bomb that hit him. And so I sent him some Monero.
They knew as soon as my wallet had put that information out there about me putting the monero to their address, it puts it into a little chunk of code, and it sends it out to potentially hundreds of mining machines that handle the Monero blockchain. One of those. Probably all of them. But one of those mining machines got my information putting the Monero and giving it to Jeff Berwick's group down there, and it put it into a block. And once it was on that block, it was a done deal, right?
I could not. Well, once I do it in my wallet, I can't recover it. I can't claw it back or anything, right? Once you put it into the block, it is done. It is irreversible.
And so they had it, technically, as soon as I did that, because their machines, wherever they happened to be, would pick up the latest version of the block and they would see that, oh, yeah, Cliff has given Jeff some Monero here. And so Jeff's account would show that the Monero had been added to it, and it's instantly available to him. And so this kind of an approach is going to be used for international settlements where we have to settle between each other countrywide. Right, my nation to your nation kind of thing, buying oil or whatever. And so the recovery period from the currency crisis will involve all of us guys making methods for using things like bitcoin, Monero, and these other more secure blockchains as vehicles for international settlement.
Both, all three, private, corporate, and government. And we just have to come up with a mechanism whereby all this stuff works. So we're going to be bumbling our way out of the crash of the system. They will. They being the bankers, will pop up and say, hey, we got a replacement system for you.
You all move over here. And everybody will say, nah, the other one didn't work. So, know, you go fuck yourself, right? We'll take the Elon Musk approach, go fuck yourself and not do it. And then, according to our data, they'll come on out, they'll make a huge push.
As we're going through this crash, in the first few weeks of the currency collapse, the bankers and the governments are going to come on out and try and beat the crap out of everybody until they accept this new system, right? And there will be people that will be made fantastically wealthy briefly in the new system. So I expect that something like this will occur where the bankers will come on out with the government and know we've got a terrible banking crisis. Banks are failing right and left. We've only got four or five that are really hanging on.
All owned by the Fed, of course, all real tight with the Fed. And then they'll say, but we've got a solution, and here's what we're going to do. We'll give you all cbdcs, we'll compensate you for your now worthless 401 ks and your now worthless Social Security, and we will continue on as we're continuing on. Never mind the fact that there is a four two one delta on Social Security. So if you are an illegal alien, you get four times as much money as anybody can get on Social Security, right?
It's just the way it is. So this is a bleed out process to bleed all the wealth and to take over the nation of the United States. We know this. And the people are going to reject the central bank digital currency. That's going to cause real fucking problems.
There is a possibility that the bankers, the mother weffers. I guess it's now in Tel Aviv, the Grand Rabbinical council to initiate the chaos phase here in the United States with their sleeper cells at that point, because they need the chaos to try and force the normies to accept the money. They're basically going to say, if you accept the CBDCs, all of this shit will stop, right? We won't have these riots, we won't have these shootings, we won't have snipers in the street in the major cities and so on, right? It won't stop any of it.
They're engineering it all to try and make you to take this decision. And the people in the main won't go for it. But I do expect probably they will do something like come on out and know, we know that you don't trust the CBDC. They won't say it that way. So we're going to use XRP, right?
And this will instantly make all those people that had XRP fantastically wealthy, very briefly, all right? So because the people are going to reject the three systems that are offered as replacements, and we're going to evolve our own antibank without their participation. So we're in for a social level change that very few people have a fucking clue about, that very few people can wrap their heads around even the main parts of this social change. And it's going to involve the banks, the power structure, the politics, the law enforcement, justice, all of these kind of people, right? Everybody's going to be affected by this because it's a currency crash, but at the same time it's also a confidence crash in the government, et cetera.
And at the same time it's a 100% failure of authority. That's because we're going to be bringing in the religion aspect of it here. The religion aspect of it won't be able to be kept out of it, all right? Because of the UFOs. All right?
So in the 50s, in the military, in the US army, which didn't have control, but at one point the army was like almost going to be able to get control of the ufos. But then the navy took them over, right? Navy being the more money packed of our military subdivisions anyway. So in the military, the army and the navy encountered the problem of UFOs in a serious way. When they did so, they did their usual stick, which is to go and hire a bunch of academics, most of whom are jewish, bear that in mind.
They're always hiring the top dogs. And the Jews dominate the top dogs because of the collective that's been imposed on us by the way that the Elohim structured their authority, which was imposed or inculcated into the jewish tradition and then imposed on the rest of the world.
Anyway, in that period of time, the military came up with the conclusion that, oh, my fucking God. We got to stop anybody thinking about ufos, because if you think about ufos enough, you come to this idea that space aliens are the gods. If you're Jew, you know this, right? You read it in the Talmud. You read it in.
If you know, if you read the Talmud or you read it in the Torah, if you read Hebrew. Most of them don't. So most of them didn't think about it. But the military's conclusion was that at some point, there would likely be, because they knew in the 50s that the UFOs were here, they were here to stay, they're increasing in their activity, et cetera. But it was growing slowly, and the military felt they could manage the social order while trying to deal with the UFO issue.
Now we're coming up to that point where our military doesn't have money. The money's dying. There's no confidence in the government. The communists are trying to take over the government. We got all these fucktards trying to do a general depopulation, genocide on all of humanity, and led by the jewish people, who've been Stockholm syndrome, into understanding genocide.
Eight genders and authority, but very little else. Okay, so all of those things are going to die as the number of ufos increases because the military had come to a conclusion, or their scientists had, that once there was a certain number of UFO experiences and experiencers, and they had a threshold there, we would get to a point where a threshold would be crossed and the general population would accept ufos, which we do. 60% of the population now says that, yeah, ufos are real. But the military at that point was saying, once you cross a certain threshold, the thought will creep in, oh, if ufos are real and they're not human, they're space alien. And if they're space alien, oh, maybe all that crap about the Elohim coming down and kicking the shit out of these tribes and turning them into the nation of Israel, the Jews, maybe that's legit.
Maybe the space aliens are indeed the jewish gods, and from then on, everything starts falling apart. The whole Abraham religion shtick goes away. Which of the l are you worshipping? Are you worshipping an archangel? Are you worshipping the head?
L. Because there's a bunch of these fuckers. And so then you're going to have. Well, my l is more powerful than your l kind of things, right? So my Elohim God is more powerful than your Elohim God.
And so we'll start. I don't think they really worried about us treating it like sporting events. My team, better than your team. But that's what it comes down to for many of the normies who just are emotionally attached to it and are going to fixate on it at that level anyway, so the military is very worried about this, and we're going to be facing this at the same time. We're going through all of this currency crisis shit, and it's all going to dovetail.
It's all going to be active and interactive at the same time. It's all going to be feeding on each other. So we're going to have a hell of a time here over these next few months. Some tricky driving. There we go.
Okay. Yeah, I'm back now, and I got to do some more chores here. Anyway, so this currency, Cris, as I say, we're going to have six months. That's going to be very intense. And then maybe if we're going to say, until normal, maybe it's going to take ten years until we, after that, until we feel things are, quote, normal, just because of all the shit we're going to go through as the currency perishes, but also because the perishing of the currency is going to be at the same time that we lose authority.
And we're going to lose authority all the way back to religion. And tell me where authority exists on the other side of religion, because we have to find it. Because religion is going to die. Because all of our religions are based on the Elohim and the invasion of the space aliens. So humanity has got to go through some rough shit here, guys.
Going to be an interesting period of time. And talk to you later.