What Bitcoin Did, Released on 3/20/23
Doomberg is an anonymous collective producing the world’s most popular financial substack. In this interview, we discuss coordinated action against the crypto industry being undertaken with limited congressional approval or oversight. We talk about historical precedents, what this could mean for Bitcoin and Bitcoiners, and why we need a financial bill of rights.
00:00:00 Coordinated action against crypto
00:05:50 Lack of public outrage to government malfeasance
00:16:28 ‘Operation Choke Point 2.0’
00:22:01 Operation Choke Point 1.0: Poker’s Black Friday
00:34:51 Bitcoin as a target; de-platforming
00:40:05 Operation Choke Point 1.0: Role of the Banks
Doomberg is the anonymous publishing arm of a bespoke consulting firm providing advisory services to family offices and c-suite executives. Its principals apply their decades of experience across heavy industry, private equity and finance to deliver innovative thinking and clarity to complex problems. Doomberg on Substack: https://doomberg.substack.com.
Doomberg said something that stuck in my mind: “We need a new bill of financial freedom, a new Bill of Financial Rights” because the financial system today can instantly block you from being able to transact any business via the banks. (This is how sanctions work, they freeze assets and prevent any transfer of money from bank to bank using the SWIFT system.)
Of course, Central Bank Digital Currencies are designed to eliminate all privacy and ability to transact with 100% efficiency. I think the current financial crisis has been engineered to provide the excuse for imposing the Digital Currencies following the collapse of most of the smaller regional banks, which they want out of the way.