Crypto Can’t Be Controlled Whereas Money Is A System Of Control
Andreas Antonopoulos explains us how money is being used as a system of control by governments. It is used to control those who send and receive it and to surveil transactions all over the globe.
He explains the four primary functions of currency are:
- Medium of exchange
- Store of value
- Units of account
- System of control
In 1970, Richard Nixon signed the Bank Secrecy Act, which turned money into a system of control. A system of control that uses money as a political tool who send and receive it, who they can send it to and aims ultimately surveillance of financial transactions worldwide.
Plus, he exposes how big of a fraud the banking system really is. Not only can banks simply freeze or confiscate our money without our consent, and without us being able to do anything about it, they also own our money and merely give us access to it — what a bad deal.
As Antonopoulos puts it, we don’t have money in the bank, we have an account. An account that, perhaps, gives us access to the money there is in there, that we deposited while tricked by the false promise of it being safe. His brilliant example of the Greek government-debt crisis makes it clear: every Greek citizen had their money in the bank, and it was insured, but in one afternoon the promise was broken, and the money was inaccessible.
