The International Monetary Fund (IMF), has issued a white paper that lays out the case for swooping in and coopting authority over the cryptocurrency regulatory realm, a multi-trillion dollar industry so far uncorrupted by the mechanisms that have turned Wall Street into a crony-capitalist Mecca.
According to the paper, published on the IMF’s website, the popularity of crypto assets, products, and services — and the interlinkages with the regulated financial systems, are making the world’s financial regulators nervous, producing a greed-based need for “comprehensive, consistent and coordinated” global crypto regulation.
At one point they openly state their “outsider-looking-in” status in the cryptocurrency realm, saying, “Policymakers struggle to monitor risks from this evolving sector, in which many activities are unregulated. In fact, we think these financial stability risks could soon become systemic in some countries.”
The authors of the white paper argued that continued uncoordinated regulatory measures could facilitate potentially destabilizing capital flows across the world.
Why This Is Important
Always remember that any time you hear a government or global authoritative entity talk about “regulatory control” they are talking about both taxes and making sure that their tight-knit globalist circles are in control.
Bitcoin, Ethereum, and the entirety of the cryptocurrency realm have done just fine without the “regulatory” oversight of the global financial systems. The cryptocurrency sphere has created more millionaires and billionaires and given more Middle-Class people around the world access to financial upward mobility than any regulated financial vehicle to date besides the overall creation of the free market.
By contrast, the regulated financial sector is fraught with dangerous tools that put each and every person on the face of the planet at financial risk because of the acts of scheming greed-merchants and their complicit governmental regulatory entities.
Look up the following terms and begin to familiarize yourself with some of the tools that Wall Street uses that allows them to manipulate the worth of your investments to their gain and off your back:
- Naked Short Selling
- Bear Raids & The Uptick Rule
- Double-Triple Short ETFs
- Credit Default Swaps
- Mark to Market Accounting
- Foreign Exchange Derivatives
- Sovereign Wealth Funds
- Sharia Compliant Banking
In some of the above-mentioned schemes, the person utilizing the tool doesn’t even have to own any of the stock or commodity being manipulated as he/she/it seeks to cause the worth of a stock or commodity to plummet so he/she/it can achieve financial gain from the stock’s destruction.
The Security & Exchange Commission and the Commodity Futures Trading Commission are supposed to be overseeing the financial health of the markets but even they look the other way as the illegal practices of Naked Short Selling and Bear Raids take place, feigning concern only after their cronies get rich.
Some of these tools are so volatile they have been used by nefarious entities to cause the failure of such austere financial institutions as Bear-Stearns and Lehman Brothers.
And now that the greed-merchants of Wall Street and the global financial community are beginning to understand the immense worth of the cryptocurrency sphere, they are desperately trying to either control it or kill it by infecting it with the same unethical mechanisms that have corrupted the free-market stock and commodity exchanges and coopted the systems for the insider uber-rich.
I fact, David Thomas, a reporter who covers cryptocurrencies, wrote recently:
“Some analysts have indicated that the drop in price of BTC on Saturday, December 4, 2021, was contributed to in part by the stop-losses being triggered from leveraged positions, resulting in massive liquidations. The stop losses may have been the result of whale market manipulation, including stop hunting manipulation…Whales sometimes engage in market manipulation to flush small traders out of the market.
“…[M]arket manipulation involves activities that contrive an asset’s price and give a false picture of market behavior. Market manipulation can take on many forms, from wash trading to stop hunting, whale wall spoofing, and pump and dump schemes.”
This is the kind of poison the Wall Street mentality brings to the cryptocurrency sphere and it facilitates the financial globalists’ argument for “regulation.”
The decentralized nature of the cryptocurrency sphere is its crown jewel because no government or globalist entity (i.e. the IMF or World Economic Form) can manipulate an asset’s worth like they can sovereign fiat currencies. This fact, in and of itself, is why the autonomy of the cryptocurrency-blockchain sphere needs to be guarded against Wall Street schemers and governmental regulatory greed-merchants.
Make no mistake, the ruling class sees the cryptocurrency realm as a new frontier to be conquered and harnessed to feed the status quo. They will attempt to do so by introducing the same regulatory schemes and investment mechanisms into the cryptocurrency realm; the same tools and oversight that brought the free markets of the world to heel for the globalist profiteers.
Those of us who understand the potential of cryptocurrencies; who see it as a hedge against globalist and nation-state corruption need to be very jealous of how we allow these opportunistic bad actors to inject themselves.
View all of Mr. Salvato’s news analysis at UndergroundUSA.com.
Frank Salvato is the executive partner at The CompassPoint Group, LLC. He is the co-host of the Underground USA podcast as heard on iHeart Radio, Pandora, Spotify, Amazon Podcasts, and anywhere podcasts are heard. His writing has been recognized by the US House International Relations Committee and the Japan Center for Conflict Prevention. His analysis has been published by The American Enterprise Institute, The Washington Times, National File, and Accuracy in Media, and is nationally syndicated. Mr. Salvato appeared on The O’Reilly Factor on FOX News Channel and is the author of six monographs examining internal and external threats facing our country. He can be heard twice-weekly on “The Captain’s America: Third Watch” radio program syndicated nationally on the Salem Broadcasting Network and Genesis Communications affiliate stations.