
News Link • Bitcoin
Will Bitcoin Be Pumped Up and Expanded to Grab Federally Owned Land and Minerals?
• https://needtoknow.news, Catherine Austin FittsHoward Lutnick, Trump's nominee for Secretary of State, proposes taking advantage of "$500 trillion of land and minerals owned by the U.S. government." Over 640 million acres, or 28% of US land, is owned by the US government, but this land ownership is unconstitutional and it is outside the US government's enumerated power to develop and use the land. The land belongs to the states. Real assets such as gold, mining rights, minerals, land and more are poised to be plundered using Bitcoin.
Bitcoin, a virtual asset, was hijacked and has become a Ponzi scheme. Bitcoin billionaires aim to liquify their holdings in a market that is not sufficiently broad and deep to allow them an exit during a major pump. The rush for land and real assets is on.
From Catherine Austin Fitts:
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 programs 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 liquify 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, mineral, gold, and other real assets. The last thing you want is a wave of retail buying that competes the price of real assets higher.