Billionaire economist, and Bitcoin exponent Simon Dixon is continuing to warn people about the evils of the debt-based ponzi scheme that is our fiat monetary system, and is attempting to educate people on why sound money with limited supply, such as bitcoin, is a good idea in order to get on the right side of what is to come.
Simon Dixon has been exposing the financial system for what it is over the last several years. He was the first to recognise the potential of Bitcoin, and to write a book about it. He is now an extremely successful businessman, but continues to give his advice freely in an attempt to make people aware of what is really going on.
In a video yesterday on his YouTube channel, he talked about the current fiat monetary system, and he explained how more debt is forcing central banks to print more.
“The money supply would always have to increase because money is debt. There is more debt than money. Therefore follow the money – you would always have to rehypothecate, and therefore there’s only one result of this – you have to print more and more money in order to service the debt, because it is by definition a ponzi scheme. Or you have to find a way of deleveraging, which is the central bank digital currency.”
Dixon uses the current situation of war in Ukraine to ask the question “Who benefits from the war?”, and his answer to this is the central banks. He believes that war is funded by central banks, and that they have their origin in this purpose.
He highlights that the central banks are supposedly there to create financial stability, control inflation, and regulate markets in order to support a robust and stable financial system. On the results of the central banks he says:
“The worst track record in history. If that was your job, they’ve created more boom and busts. They’ve created more intervention, and they’ve created less stability. They’ve created the world’s largest regulated ponzi scheme, and they’re going to be depicted as the saviours of it all when they launch a central bank digital currency.”
He believes that the banks will now be cast as the scapegoats for the ponzi scheme, and that the CBDCs will be launched in order for people to jump ship from the banks and start using the central bank digital currencies instead. Governments will see the CBDCs as more sustainable, given that they won’t be backed by debt.
However, when opting into the central bank controlled wallets, people will be opting out of freedoms, privacies, the right to own their money, and spend it how they want.
He thinks that the current sweeping sanctions on ordinary people are destroying innocent people’s lives, by taking their savings, and by preventing their ability to raise themselves out of poverty, and this just in order to hurt the few people in power at the top.
Dixon sums it up by saying:
“Weapons of mass destruction being combated by financial weapons of mass destruction equal more and more harm to more and more people, and that’s the cold hard reality of the situation.”
Digital hard sound money is what Dixon espouses, and he says that when you are caught in the middle of geopolitics:
“You need to be prepared for inflation, deflation, economic growth, economic decline, sanctions, bank failure, bank seizures, financial crisis, the removal of privacies and freedoms through the use of CBDCs, and everything that follows from that.”
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
