by Martin Armstrong, Armstrong Economics:
Years ago, when I wrote that Bitcoin was created by the NSA, some Bitcoiners attacked me and insisted that Satoshi Nakamoto was the creator of Bitcoin. Yet someone who created such a product never stepped forward and would have been a billionaire on royalties. But this fictional character was not much different than Lee Harvey Oswald, who the CIA has insisted killed JFK with his magic bullet. At least with Oswald, there was a real man who they cleverly ensured he would be killed to deny any trial. Then, the CIA refused to release files to cover up the entire affair.
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Bitcoin was presented as an anti-government creation that would defeat central banks, and some claimed it would become the new reserve currency. I laughed at that because such claims were absurd and demonstrated that it was a sales pitch for no government to arbitrarily create a reserve currency. I have illustrated many times how the currency of the major economy is always imitated, proving that it always was not gold or silver; there was a premium because of who they were. As illustrated above, Southern India issued gold imitations or Roman coins rather than their own because the coinage of Rome was seen as the power on earth.
Trajan Decius (249-251AD) was the first emperor killed in battle by the invading barbarians in 251 AD. What is interesting in this is where the Indian Imitations end with Trajan Decius. The power of Rome was starting to decline, and with it, the imitation of its currency.
The Financial Capital of the world has always migrated, and the United States, in the arrogance of the Neocons, WEF, UN, and Bill Gates, who all think they can dictate to the world, are in their lust for importance and power are destroying this nation, and that title will pass to China.
The pure stupidity of believing that Bitcoin will replace the dollar was remarkable to me, for it illustrated what Julius Caesar observed long ago—people believe what they want to believe. They never consulted history, much less the facts. They celebrated a fictional Japanese character, while those who created Bitcoin at the United States National Security Agency laughed at how easily it was to fool people all the time. Of course, the Bitcoin believers argue that this is ridiculous claiming that there’s no solid evidence to support it. Neither is there a real Satoshi Nakamoto. They may celebrate Bitcoin as an alternative to evil central banks, but they fail to apply that distrust of government to the NSA and CIA.
As I wrote years ago, just look into Bitcoin’s source code. The key to Bitcoin is its use of Secure Hash Algorithm 256, or SHA-256, which is used for everything. This mathematical formula jumbles data into a string of seemingly random text, making it nearly impossible to crack. Those of us in the world of programming are familiar with this algorithm, for it is the direct work of Glenn M. Lilly, who is a mathematician under the direction of the NSA. He designed and eventually published the algorithm back in 2001. Lilly later became the NSA’s chief of mathematics research. All you have to do is look into the NSA and you will discover that it was THE FIRST to even describe a Bitcoin-like system back in 1996. That paper was titled:
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