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The next bankers' heist: Swap US government-owned land and minerals for Bitcoin
By Rhoda Wilson | November 29, 2024 | 8 Comments
The US government may be planning to use taxpayers’ money to buy Bitcoin and hold it on government balance sheets. Why? To benefit Bitcoin billionaires.
This move would allow the billionaires to exit their Bitcoin holdings at a high price and use the funds to acquire real assets such as land and minerals. It should be taken in the context of discussions about land and minerals owned by the US government.
Howard Lutnick, Chairman and CEO of Cantor Fitzgerald, a leading financial services firm, and Chairman and CEO of BGC Partners Inc., a global brokerage company, has been nominated to be President-elect Donald Trump's Secretary of Commerce. Bloomberg noted on Wednesday that the knot of his conflicts of business interests when in a government position is unlikely to loosen easily. In a recent interview, Lutnick discussed how to take advantage of "$500 trillion of land and minerals owned by the US government."
The next bankers' heist: Swap US government-owned land and minerals for Bitcoin
By Rhoda Wilson | November 29, 2024 | 8 Comments
The US government may be planning to use taxpayers’ money to buy Bitcoin and hold it on government balance sheets. Why? To benefit Bitcoin billionaires.
This move would allow the billionaires to exit their Bitcoin holdings at a high price and use the funds to acquire real assets such as land and minerals. It should be taken in the context of discussions about land and minerals owned by the US government.
Howard Lutnick, Chairman and CEO of Cantor Fitzgerald, a leading financial services firm, and Chairman and CEO of BGC Partners Inc., a global brokerage company, has been nominated to be President-elect Donald Trump's Secretary of Commerce. Bloomberg noted on Wednesday that the knot of his conflicts of business interests when in a government position is unlikely to loosen easily. In a recent interview, Lutnick discussed how to take advantage of "$500 trillion of land and minerals owned by the US government."
The goal, Catherine Austin Fitts says, is to swap the US government's balance sheet from priceless assets, such as land and minerals, to worthless assets, such as Bitcoin.
"You have to give the bankers credit," Austin Fitts says. "Who would have thought they could build a bigger heist than the pandemic this quickly?"
Plunder Capitalism: Is the Bitcoin Strategic Reserve Trial Balloon the Next Step in the Great American Land Grab?
By Catherine Austin Fitts | November 18, 2024
We are researching what looks to be the next phase in the financial coup d’état.
We are watching what appears to be a significant “astroturf” campaign to persuade the federal and state governments to begin significant Bitcoin ("BTC") buying programmes using taxpayers’ money and funds borrowed with ever-expanding debt to fund BTC to be held on government balance sheets. This will solve a major problem faced by the Bitcoin billionaires – how to liquefy their holdings in a market that is not sufficiently broad and deep to allow them an exit during a major pump.
Why would they want to exit now? Because now that the debt growth model is over, and there is more paper than there are real assets, the rush for land and real assets is on. Think of this as a swap. If you are the Bitcoin billionaires and Mr. Global, you want to get retail to buy your digital creations so that you can shift to owning and controlling the real assets. Your problem, however, is that retail will not buy in sufficient quantity – so, you simply mandate retail buys by using the government to do it. You also want to glorify your digital creations and not draw attention to the land, minerals, gold and other real assets. The last thing you want is a wave of retail buying that competes the price of real assets higher.
Please go to The Expose to continue reading.
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