Biden White House Takes First Steps Toward Banning Bitcoin
You might have missed the news this week. I wouldn’t blame you if you did. It didn’t really get much coverage. If I weren’t constantly looking for news, I’d probably have missed it too.
I mean, the entire stock market and anyone who thinks they understand finance couldn’t stop talking about China’s Evergrande fiasco.
“We’re in Everything and We’re Gonna Go Everywhere!”
In case you missed that too, Evergrande is a Chinese real estate company that can’t pay its bills.
That doesn’t sound too troubling until you realize that Evergrande isn’t just a real estate company and the majority of those bills are due to U.S. corporations and banks like Blackrock, JPMorgan, Goldman Sachs, and even my former employer, Morgan Stanley.
So that was the focus for much of the week, until the Chinese Communist Party (CCP) pumped $14 billion into the company and got it past the first potential default it was facing.
People were worried it could have been a “Lehman Brothers” event. And they were rightly concerned. Like Lehman was involved in just about every corner of the U.S. economy, Evergrande is part of just about every corner of the Chinese economy.
And global economies are linked. That $300 billion in debt Evergrande racked up didn’t come just from Chinese investors. So an implosion over there really could have some negative impacts over here.
But we all saw what happened when Lehman fell. And no government wants to get that blame laid at their feet. So most of us around here were pretty confident the company would get bailed out (and the management team disappeared) so the CCP could claim a victory.
As of now, that seems to have cooled off. But that’s not what I’m here to talk about today.
You Can’t Sit Live Here
The U.S. is (in my humble opinion) the best country in the world. It got that way through immigration (just don’t ask the Native Americans if they agree).
People who want to work and make a better life for themselves and their families come here. That’s why we get the best the world has to offer.
And when times are extra tough in other places, as they are now, even more people want the opportunities our country affords. That’s what’s going on right now along the Rio Grande.
And it was another piece of news likely distracting you from my actual topic today.
There are hundreds of thousands of Haitian migrants trying to make it across the river, and it’s overwhelming the Customs and Border Protection (CBP) agents.
That led to interactions like the video of officers on horseback apparently whipping Haitians with bullwhips to keep them from climbing out of the river.
And those videos forced the media to pay attention to a crisis that’s been building for years but that they started ignoring last November.
So if you missed the news I’m really talking about, it’s not your fault. It was buried (maybe intentionally) by the mainstream media.
Fortunately, you’re smart enough to get your information from multiple sources. And in your brilliance, you subscribed to one of the few organizations out there that reports facts, not just opinions.
So I’m going to let you in on the news the rest of the media are ignoring, because it’s probably affecting you more than anything else…
Biden Bans Bitcoin
Whether you’re a cryptocurrency investor or you can’t even understand the first thing about cryptos, this news affects you.
The U.S. government has been making a stink about Bitcoin ever since legislators heard about it (a good decade or more after it started trading). They say they don’t like it because it’s used for illegal activity.
OK, but so is the U.S. dollar. And more illegal transactions per year take place in dollars than in any other currencies combined. So maybe we should ban that too, while we’re at it.
No, the real reason politicians don’t like Bitcoin and other cryptocurrencies is because it takes away their power.
Think about it. If the only way you can purchase the essential items you need is by using the currency they create and control, you are 100% beholden to them.
But if there were a medium of exchange that wasn’t created or controlled by any political body, all that power they have over how you live your personal life would vanish.
That’s very scary for people like Joe Biden and Nancy Pelosi who’ve spent their entire lives securing their power over the rest of the country.
And just this past week, they finally made the move from rhetoric to action and took the first step towards banning Bitcoin in the United States.
Not in My Backyard
There’s little the White House can do about the global Bitcoin market. But it can most certainly do things about it here in the United States.
And one of those things would be to forbid cryptocurrency exchanges from operating within our borders. Or to make it illegal for those exchanges to transact in U.S. dollars.
The White House, in essence, still controls the dollar. And the dollar is still the most popular currency in the world.
So cutting off Bitcoin exchanges from the world’s favorite medium of exchange could have a very damaging impact on the whole market.
And that’s exactly what the Biden administration started doing this week!
You’re Cut Off!!
In case you didn’t know, there have been a few ransomware attacks on U.S. companies in the recent past. The big one was Colonial Pipeline. That shut down oil and gas distribution for most of the East Coast.
And the company paid a hefty ransom to get control of its systems back. It paid it via Bitcoin. And that Bitcoin had to travel through exchanges.
So, like a bartender chastising a drunk, over-privileged frat boy, the president made his first assault and cut off the first exchange from doing business in the U.S.
Biden's newest sanctions cut off access to U.S. markets for a cryptocurrency exchange called Suex.
It’s a relatively small exchange, but U.S. officials have accused it of doing business with hackers behind several types of ransomware.
The Treasury Department (headed by someone who’s opposed to Bitcoin) guesses that about 40% of the transactions on the exchange can be linked with illegal activity.
But that’s just a guess. And they didn’t provide any information on how they got to that figure.
So while this is being styled as a defense against America’s enemies, it’s actually a full-frontal assault on Bitcoin and its ability to equitably distribute power away from the hands of a few politicians.
The news took the crypto markets by surprise, but anyone who’s been paying attention knew this was coming a long time ago.
And thanks to some serious in-depth research by one of my esteemed colleagues over at the Angel offices, we were all ready for the first salvo in this war on Bitcoin…
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110 Pages In
You see, my friend, the notable and impressive Christian DeHaemer, uncovered a secret hidden in a 110-page document released by the Biden campaign last year.
Most people wouldn’t make it three pages into this kind of reading, But Christian knew there was an opportunity hidden in there. He knew there was something they were trying to conceal.
So he pored over the document for weeks on end until he knew it forward and backward and understood exactly how monumental this declaration could be.
I’m talking about a declaration voted on behind closed doors, a decision that affects us all, made by deep state cronies nobody ever voted for…
A decision to force Bitcoin’s demise in order to fully secure their power over the average American.
Bitcoin itself may never be mentioned in the brief, but it’s clear as day that for this plan to succeed, Bitcoin must fail.
That’s not great news for anyone investing in the crypto markets, but it could be incredible news for those who understand what’s really going on behind the scenes — people like Christian and his investors.
That’s because the disruption that’s going to be caused could trigger a one-in-a-lifetime profit opportunity. The massive transformation Biden is pushing for could trigger a tidal wave of wealth…
But only for those of us who see the writing on the wall and get our money where it needs to be right now.
Run, Don’t Walk
The transition is already taking place, though. And it’s happening right under our noses. The mainstream media aren't covering it because they’re all in Biden’s pocket already.
But we are. And we want to help make sure you’re one of the millions of Americans who could become vastly wealthier as this story continues to unfold.
So in sticking with that goal, we’ve had Christian put together a full presentation detailing the president’s plans, the deep state trickery, and the media cover-up.
But more importantly, he also outlines the beneficiaries of these under-the-table deals. And he explains how YOU could turn a small investment now into a relative fortune tomorrow…
All you’ve got to do is click play on the image above and you’ll get inside access to all the information.
And you can get started profiting from Biden’s sneak attack on Bitcoin immediately.
Just click the image to see Christian’s presentation. Or click this link to get access to a written report with all the same details.
Just don’t wait. The first volley has been fired. Joe Biden is going after Bitcoin and he’s got some of the most powerful people in the world in his pocket to help out.
It’s highly unlikely you’re going to be able to beat them. So why not join them and profit from their attack on the first truly democratic currency in history?
You can do it. And Christian can help. Click here to learn exactly how.
All I ask is that you send me some pictures of the mansions and yachts you buy once those profits come rolling in.
Biden’s already made his first move. Will you?
To your wealth,
After graduating Cum Laude in finance and economics, Jason designed and analyzed complex projects for the U.S. Army. He made the jump to the private sector as an investment banking analyst at Morgan Stanley, where he eventually led his own team responsible for billions of dollars in daily trading. Jason left Wall Street to found his own investment office and now shares the strategies he used and the network he built with you. Jason is the founder of Main Street Ventures, a pre-IPO investment newsletter, and co-authors The Wealth Advisory income stock newsletter. He also contributes regularly to Wealth Daily. To learn more about Jason, click here.
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