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The following article hit ZeroHedge.

Although not that many in O-Land see the Rand-Bitcoin connection, more and more people outside are seeing it.

Never mind The Great Reset. Here comes The Great Reject.
The Jackpot Chronicles Scenario #4: Atlas Shrugged
by Mark E. Jeftovic

Here are some quotes, but the entire article is well worth reading.

Quote

Mass demonstrations, mass exoduses, crypto-currencies are symptoms of a Great Reject, or as I’ve renamed this scenario “Atlas Shrugged“.

The TL,DR of the novel, Atlas Shrugged is that once the institutional sclerosis of the ruling class was understood to be both incorrigible and irreversible, the only other option was a global opt-out. There was no Great Reset in Atlas Shrugged. They got The Great Reject instead.

Under the Atlas Shrugged scenario, deglobalization is just one of numerous motivating factors, but it’s mainly an outcome of a larger dynamic where all non-ruling factions in society lose faith in the prevailing structure of Neoliberal Globalism (a.k.a “Mr. Global”). With Mr. Global’s viability in question, people begin to look for the exits.

. . .

So it goes in our Atlas Shrugged scenario. Various interests of many forms and myriad factions, from dissident states (like Florida), to decentralized and virtual companies, emergent DAO’s, all the way to individuals and cultural tribes all begin to experience these moments of clarity in their own way. From there they will act in their own rational self-interests and cooperate with others doing the same in order to navigate the breakdown of Mr. Global.

In spite of this, Mr. Global’s prevailing policymakers and governance structures will frantically maneuver and spin narratives of fear and fantasy in order to keep the existing system on the rails.

. . .

The antidote to all of this are crypto-currencies, smart contracts and decentralization.

. . .

When I listen to people who are complete denial about crypto, I realize that there is a common thread in their objections... [they are] looking at it through the wrong lens.

We could go on for hours about how most of these people haven’t really delved into the technology or what it means, how their criticisms at the defects around Bitcoin apply even more accurately to US dollars (“backed by nothing”, “infinite supply”, “uses too much energy”, et al). But what they all have in common is that they all posit that whether Bitcoin and cryptos succeed or fail is premised on whether the existing establishment will permit it.

What will the Fed do? What if the government bans it? Won’t the World Bank just create their own CBDC?

This is completely inverted. They have it backwards. It’s not up to the existing system...

. . . 

... it brings to mind a particularly vivid example I once heard about a balloon disaster that still makes me cringe when I think of it:

A group of people were embarking on a balloon ride and as they were just a foot or two off the ground, the burner erupted into flames. The balloon pilot realized the situation immediately and he leapt from the gondola which was still only a few feet off the ground.

One or two of the passengers were quick witted enough to realize what this meant and followed him. This set off a feedback loop: as the fire expanded, its hot air forcing the balloon higher, combined with the weight reductions as the first few people bailed out, the situation very quickly escalated past a point of no return.

The balloon had accelerated very rapidly to heights from which it was no longer possible to leap safely. The unfortunates who had hesitated and were trapped in a gondola being propelled higher by a fireball, to their inevitable doom.

That’s what our entire situation feels like today. The balloon is still hanging a foot or so above the ground, the canopy is on fire, and the people who have figured out what this means are bailing out while they can and in doing so they are accelerating the ultimate burn-then-crash of the entire system.

In Rand’s book they went to a hidden valley called “Galt’s Gulch” and used their skills and their resources to restore new communities while the old systems imploded. If this scenario plays out we’d be looking for people creating a decentralized, network of gulches. Seeking each other out who are pursuing this same goals, creating open protocols to to rebuild civil societies and autonomous communities built on the ageless principles of free markets, liberty and prosperity.

btw - TL,DR means Too Long, Didn't Read.

To this author, Bitcoin is like Galt's Gulch for people with money who want to keep it and still shrug.

Love it...

:)

Michael

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Michael wrote: To this author, Bitcoin is like Galt's Gulch for people with money who want to keep it and still shrug. end quote

Biden spending us into inflation or oblivion is not a happy scenario. Bit coin Credit or Debit cards make more and more sense and I would not throw one out with the junk mail. Is that going to happen? I will patiently wait to buy something on Amazon with one of those pre-loaded debit cards with activating secret numbers. And then a new dawn will be upon US.

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