Bitcoin is a digital commodity, commodity money is controlled by those who own most of the commodity. Bitcoin's value is measured in dollars, you can't escape this world crushing system, we have to change it.
Our elected government prints no money, they print the currency that is then sold to the banks at cost of production to provide for their customers cash needs. That cash is only 3% of the money in circulation. There is 4 times more debt than there is money in the wolrd.
All the money is created by a global banking cabal consisting of the big commercial banks with central bank interfaces in all the nations within the system. They control the creation and allocation of all the money as interest-bearing debt in the process of making loans consisting of the principal, created as a deposit to be paid back with interest, which was added to the debt. As the principal is paid off, that money is extinguished while the interest, which must come from the principal of another loan, goes to profit the bank owners and into asset pools owned by the wealthy. This is the economic growth imperative as society competes to pay the interest on its debts and not lose their collateral. However, when loan payments (money destroyed) exceed loans being made (money created) the system crashes into recession or depression for lack of money and loans default. This is by design and depressions have been created by the banks by just not lending. This has been called "the business cycle" but is more a monetary/finance system cycle. When the system crashes, this allows a transfer of wealth from the many to the few as the real wealth collateral from the loan defaults is picked up for pennies on the dollar by the wealthy, further concentrating wealth to the top which is then used for more profit, power and control. This is why nation’s need to reclaim their monetary systems from the private banking system.
As former World Health Organization director Margaret Chan explained, "most of her organization’s funding comes from private donors and that they decide what that funding is to be spent on." In other words, only money talks, those who fund the WHO tell it what to do. This is true not only of the WHO but of nearly every public and private institution in the world including governments, as the 2014 Princeton study on political influence by Gilens and Page proved. Money is the governing factor.
The most recent proposal for changing the monetary system is The NEED Act, introduced by Dennis Kucinich in 2011. It is the most revolutionary and constitutionally aligned proposal in over 200 years. It consists of three reforms that must be implemented together.
• Require Congress to be the sole creator of all U.S. money debt-free;
• End the privilege of commercial banks to create money.
• Transfer all remaining operations of the Fed to the U.S. Treasury.
This would empower Congress to fulfill its Constitutional mandate as articulated in the first sentence of the Preamble and fully fund the common needs of the American people. Because the dollar plays such a key role in the world economy this change would allow other nations to follow suit. Issuing money is the most vital prerogative of democratic self-governance, money is the governing factor, and this would allow nations to reclaim their natural resources for the benefit of their own people instead of massively enriching only a few billionaires. Because this proposal is based on historical monetary successes, we know how it will affect the economy.
Debt, so prevalent now, will begin to disappear and interest rates will go down as banks, no longer able to create money, compete for deposits. Prices will go down as well because they will no longer contain the 50% on average “capital costs,” interest charges. Public policy will be reconnected to the politics so that representatives will be more accountable and able to fully fund public healthcare, education, and state of the art infrastructure. New investment in communities that have long been neglected will revitalize them and eliminate poverty. Large corporations will begin to shrink as the large infusions of credit they depend on is no longer available and they begin to sell off their production assets. Land reform will come to the fore as the nation, recognizing the basis of an economy, seeks to revitalize its agriculture with parity pricing to make small holding farming profitable again.
If we want a world where new structures replace our outmoded monetary system, a world in which we can choose abundance, community, and prosperity, then join us on the path to create a Money System that serves us all.