Building A Foundation for Wealth Confiscation

Building A Foundation for Wealth Confiscation by Rory, The Daily Coin

Click here for Part 1

When reviewing cryptocurrencies, for me, the main component of these “currencies” is they are electronic and only live on the internet. Who developed and built the internet and what was the original purpose of the internet?

The internet was designed, built and launched by ARPANET

The first workable prototype of the Internet came in the late 1960s with the creation of ARPANET, or the Advanced Research Projects Agency Network. Originally funded by the U.S. Department of Defense, ARPANET used packet switching to allow multiple computers to communicate on a single network. The technology continued to grow in the 1970s after scientists Robert Kahn and Vinton Cerf developed Transmission Control Protocol and Internet Protocol, or TCP/IP, a communications model that set standards for how data could be transmitted between multiple networks. ARPANET adopted TCP/IP on January 1, 1983, and from there researchers began to assemble the “network of networks” that became the modern Internet. The online world then took on a more recognizable form in 1990, when computer scientist Tim Berners-Lee invented the World Wide Web. While it’s often confused with the Internet itself, the web is actually just the most common means of accessing data online in the form of websites and hyperlinks. The web helped popularize the Internet among the public, and served as a crucial step in developing the vast trove of information that most of us now access on a daily basis. Source

The internet was funded by the military, which means it was designed, built and launched to serve the military. From my perspective this is a huge component of the overall picture. Is it possible the military built in ways and means of tracking everything that runs across the internet? Encrypted, not encrypted, “dark web” or otherwise? Isn’t the military all about control, death and destruction? Would it be too much of a stretch to believe there are pieces of internet protocol and architecture that are part of the system known only to people at the very top of the surveillance/military industrial complex? Just asking since we are dealing with the military and possibly off book funds.

I’ll even go one step further regarding the internet. If the current, global, internet protocol and architecture are not compromised, at the root, why would the BRICS alliance discuss the development of a completely separate internet system? This other internet was under consideration after the Obama regime was caught spying on people like German Chancellor, Angela Merkel and Brazilian President Dilma Rousseff.

To do this, Rousseff proposed a set of ambitious, and controversial, measures that include: constructing submarine cables that do not route through the US, building internet exchange points in Brazil, creating an encrypted email service through the state postal service and having Facebook, Google and other companies store data by Brazilians on servers in Brazil.

“I think that there is a feeling that the US has always had a prominent role in internet governance and they want to change that,” Maciel said. “The conversation is under way, and it became prominent last year at Dubai.”

It’s the conversation at the World Conference on International Telecommunications (WCIT) Dubai that has internet executives offering alarmist warnings about a balkanized internet that suppresses online freedom. There, Russia and China explicitly stated their hopes to take control of the internet away from the US. Source

The above is intended to show how the current internet is corrupted. Wether Brazil, in conjunction with the BRICS, is able to make a different internet platform a reality is not the intent of presenting the above information. If the backbone of a system is corrupt, and Brazil has shown that to be the case, what are the odds of using this system to circumvent another corrupt system, like the gangs on Wall St, Federal Reserve and U.S. federal government? It would be challenging to say the least.

This is to say nothing of how young people, most everyone around the world and under age 35, are addicted to their phones – pocket sized computers. Connected to the internet near 24/7.

In Part 1 of this series we described how the banksters, in conjunction with the government, have implemented policies, and laws, to force people to keep their retirement funds and savings accounts in the banks. We failed to discuss FACTA. The short version of what FACTA is, and does – it’s a law, implemented by the IRS/Treasury Dept. with a global reach. It allows the IRS to collect taxes on any American citizen that lives outside the U.S. If a person is making electronic purchases, registers their actual name on a lease agreement or other form of legal document that involves the transaction of funds, especially if the transaction(s) are recorded electronically, these purchases/transactions are known to the IRS. This means the person making a purchase has either acquired the funds to make the purchase through legal or illegal means. Now the IRS has two questions regarding the origin of the funds, and with FACTA, the IRS believes they have that right since you were born in the U.S..

What is FACTA –

The Foreign Account Tax Compliance Act (FATCA), which was passed as part of the HIRE Act, generally requires that foreign financial Institutions and certain other non-financial foreign entities report on the foreign assets held by their U.S. account holders or be subject to withholding on withholdable payments.  The HIRE Act also contained legislation requiring U.S. persons to report, depending on the value, their foreign financial accounts and foreign assets. Source

Why would laws and policies be put into place that make it impossible for people to get their funds out of a bank or retirement account along side a global tracking system for our electronic purchases of goods and services? Once these policies are used people will only be able to move their funds from one account to another never actually being able to take possession of the physical cash. Making our funds ripe for the picking.

Catherine Austin-Fitts has made the argument the people doing all the work today in the cryptocurrency space – developing multi-use platforms, like Ethereum and Ripple – with as many as 700+ different cryptocurrencies, are paving the way for a cashless society. Is a cashless society inevitable? Does cash matter any longer with the advent of debit and credit cards?

Personally, I love cash, if for no other reason to be able to leave a “gift” for the wait-staff at the local, full service restaurant. Leaving cash for the waiter/waitress means they have a better opportunity of actually keeping the funds and not having a piece of it stolen by the street-corner gang known as the IRS.

Let’s take a look at who is asking questions about cryptocurrencies? Who is looking into cryptocurrencies for a variety of reasons – what are their findings along with how they think cryptocurrencies can impact the market place?

Below is a comment regarding the “ease” of setting up and using cryptocurrencies.

YT Comment – Eddie Beer
I recently decided to get on the crypto train, and it’s not easy. It’s hard to get verified at an exchange (granted hoops you have to jump through because of FATCA etc gov. regulations), and then there is the cost of getting a cold wallet, and all the hassle of keeping passwords. It’s not for everyone yet that’s for sure. This is definitely a technology that has a long way to go before it is accepted and used world wide. How many people even have or know how to use a computer well enough to start trading crypto?

There are a lot of bugs that need to be worked out in this space yet and you hear a lot of horror stories of a lot of people losing a lot of fiat because of the complexity of trading in cryptos and also because of scams and hacking, and just losing their wallets and passwords.Then there are the headwinds that can be expected to come from bankers that will not give up the monopoly they have with centrally controlled fiat production. Source

In these two parts we have detailed how the laws and policies are in place to enslave citizens through a variety of banking schemes and plain-ole theft. We have also questioned the very platform the alternative to the current fiat currency system resides and may be compromised due to the fact the internet was developed by and for military purposes. This in itself should be at least a small red flag for using cryptocurrencies.

If you stay with me the picture is going to get much clearer. In order to build a lasting structure a solid well laid foundation is a requirement.

Click Here for Part 3

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The Daily Coin

Rory Hall, The Daily Coin. Beginning in 1987 Rory has written over 1,000 articles and produced more than 300 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Shadow of Truth YouTube channels to enjoy original videos and some of the best economic, precious metals, geopolitical and preparedness news from around the world.