{"id":13665,"date":"2025-09-29T10:43:00","date_gmt":"2025-09-29T17:43:00","guid":{"rendered":"https:\/\/jasonsblog.ddns.net\/?p=13665"},"modified":"2026-03-09T08:56:03","modified_gmt":"2026-03-09T15:56:03","slug":"stop-governments-from-taking-over-bitcoin","status":"publish","type":"post","link":"https:\/\/jasonsblog.ddns.net\/index.php\/2025\/09\/29\/stop-governments-from-taking-over-bitcoin\/","title":{"rendered":"Stop Governments from Taking Over Bitcoin!"},"content":{"rendered":"\n

(Must see video below) Tony Yazbeck<\/a> was there in Lebanon when bank accounts were locked, losing his retirement savings, so there is a reason he’s so forceful with his presentations and remarks about Bitcoin<\/a> and the separation of money and state. Bitcoin is the exit from the fiat banking system, TradFi, who are robbing us with one method being money printing causing inflation, decreasing the value of our savings, among many other ways of stealing monetary value from us. And it’s all a house of cards when it comes to fractional reserve banking, as banks only have a small percentage of the money in accounts, making all banking systems vulnerable to a loss of confidence causing bank runs with the imposition of withdrawal limits because they can’t cover account closures. And in the worst conditions, account haircuts where they just steal a chunk of your savings, as the FDIC insurance can’t cover a major economic collapse, and even if they did cover it with money printing, your money is now worth a fraction of what it was before and essentially the same.<\/p>\n\n\n\n

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The scheme began to collapse in October 2019, when the state announced a plan to tax WhatsApp<\/a> messages, to widespread public backlash<\/a>.[3]<\/a><\/sup> In response, banks began to impose withdrawal limits to curb a potential bank run<\/a>.[5]<\/a><\/sup> The government defaulted<\/a> on its debts in March 2020.[4]<\/a><\/sup> The burgeoning financial crisis was further compounded by the 2020 Beirut explosion<\/a> and the COVID-19 pandemic<\/a> (and its resulting decline in tourism).[5]<\/a>[2]<\/a><\/sup> From 2019 to March 2023, the Lebanese pound lost 98% of its value, and withdrawal limits of $400 US have remained in place since 2019.[6]<\/a>[7]<\/a>[8]<\/a><\/sup> The government was forced to devalue its exchange rate with US currency by 90% in February 2023, though market value had diverged long beforehand.[9]<\/a><\/sup><\/p>\n\n\n\n

https:\/\/en.wikipedia.org\/wiki\/Lebanese_economic_crisis_bank_robberies_and_sit-ins<\/a><\/em><\/p>\n<\/blockquote>\n\n\n\n

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