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Beware of Libra, and youtube censorship of the House Financial Services Hearing on Facebook Digital Currency

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After Coinbase banned Milo, I recognized that the realm of crypto and big tech was becoming their own governments and using their control of crypto similar to the rise of the antichrist. Much of my concerns have been raised in todays hearing on the libra coin, even a connection between coinbase and Facebook was made evident. For the most part, I am using the original youtube stream that I listened to on this blog. After completion of the live stream, I notice over two hours are missing on youtube. Among the missing components is congressmen Sherman saying Libra could be worse than 9/11 by a democrat from California (Facebook's home state) and many reasons why https://www.c-span.org/video/?c4808136/sherman, and congressman Duffy asking if people like Milo Yiannopolous, or people who buy guns, could use Libra. https://www.c-span.org/video/?c4808128/duffy . Mr. Marcus cannot say if they will allow such people to use Libra, and other congressmen nnoted that Libra could be used for social engineering. Sadly the c-span https://www.c-span.org/video/?462708-1/house-financial-services-hearing-facebook-digital-currency videos are external links. Please not that since posting, youtube has restored the missing 170+- minutes of content. Will readjust times accordingly in time. On day 2 of the libra hearing, A Mr. Marcus was talking on behalf of Libra. Turns out that Mr. Markus previously served on the board of directors for...coinbase as one congressmen mentioned during the hearing. Big companies working together to shut down conservative speakers as they try to force democrats into office in violation of international treaties and probably FEC regulations.

source:Financial Services Committee about 4 hour, 22 minutes, 50 seconds in

Many of the companies behind libra, including visa/mastercard, uber, and paypal, have also discriminated against conservative speakers. But not all of the members of the Libra association wants in. According to this congressman, they are feeling bullied. That Facebook is acting like a Godfather, and that losing Facebook as a business partner can ruin companies like zynga and the media.

source:Financial Services Committee this is about 3 hours, 35 minutes in.

There is also a concern about Facebook and their history of breaking the rules and paying fines later as if nothing had happened. Particularly in regards to the privacy breaches, but not mentioned was all the companies who developed technologies that Facebook would later copy and implement in their own platform. Notice they lured in companies [their allies] at 10m a pop, but they haven't been able to provide estimates of how much a business venture was worth.

about 3 hours 16 minutes in to about 3 hours 30 minutes. Again about 3 hours 35-40 minutes in, and many other places.

There is strong concerns that Libra will violate the trust of the people, since they will have the KYC of the customer, they will know the shops they are buying from, how much they are spending, and perhaps even they are busy. But they are claiming to do it for benevolent reasons of people who can't afford banking-people who have to magically find $40 for a cell phone, and a cell phone plan in the poorest part of the world. You notice Mr. Marcus doesn't answer the questions in regards to the American who is too poor to do banking or have a cellphone plan, but instead focuses of the redistribution of Americans wealth to poor nations-the ones who are wealthy enough to have a cellphone and service. Pretty much the attitude is America is too rich; let's focus on helping redistributing American money to the wealthiest in poor nations. It is formed on a basis of global communism/socialism that says Screw the poor in India and America. Even American communist/socialist will be saying, but what about our poor. Facebook will proudly say in their home town; well here's a feces and syringe filled spot on this sidewalk you can sleep on at night, and beg for money during the day. And you can convert your beggar bucks to Libra to send to your relatives in Mexico which is what we really want poor people to do on that phone and plan that you can't afford.

source:id about 3 hours 46 minutes in in

There are many countries that have adopted a US Dollar standard. There is fear that if these countries were to adopt the libra that the United state's would lose it's financial influence across the world.

What does it mean to be securities backed? Are the large companies allowed to issue 0 interest notes to Libra? Are they allowed to print off their own Libra to undersell their competition? Can they print off Libra to eat up as many companies [as securities], real estate [perhaps putting them into REITS as securities], AND POLITICIANS as they want. Since it is a centralized server, will they just reverse any transaction they don't like including political donations to candidates Libra doesn't support? Even the congress is weary that Libra could do what our own government did with the Gold Back Dollar-which was Eliminate the Gold Backing. The Libra association, by 2/3rds vote, can move away from being backed by securities as seen in the video below. I am sure many of us who applied for airdrops seen examples of where someone passed out their tokens, got them listed on an exchange, the minted Septillions more tokens taking advantage of traders and investors dumping them into the market and rendering them worthless while they laugh all the way to the bank. Only this time, it could involve trillions of dollars in commerce and wealth that simply vaporizes into the hands of the elites who will control everything. The world could simply be their slave for food and shelter.

https://www.youtube.com/watch?v=9-ZTkCNW0w8&feature=youtu.be&t=22841 source:Financial Services Committee Please jump to 22841 seconds in the video. That's um....about 6 hours, 20 minutes in.

Libra will be formed in Switzerland. CA-Libra going to the congress to be legal is just the formality; they want regulations to keep out other players. To be clear Facebook could have just pooped out the Libra crypto if they really wanted too soon as they dealt wit any security issues-for which there are too many. I have many dummy Facebook accounts, and in the past if I forget a password then the password recovery option just asks for a birthday. Something that is often on the account page, something that is in the comments, or something some app already dug out. Facebook and security are exact opposites.

But the Libra coin is coming whether the people or the governments want it or not. It will be nearly impossible because it will integrate crypto in the hands of web application with almost 3 billion people with low transaction costs.
Remember, Facebook, google, twitter, already banned other cryptos from advertising on Facebook-for which there is now a 500B lawsuit filed in Australia over. They want a monopoly, They want power, they want control, they want to crush the individual. They want everyone who doesn't agree with them to starve to death. Even if they offer to do an air drop for your KYC, refuse it-They could just sell your info to identity scammers if they don't like your views.

All you can do for now is try to punish these companies that are discriminating against conservatives by not giving them your business. Work on trying to leave facebook and instagram. Bankrupt them.


This news story has been updated on July 20th 2019 to reflect youtube restored the full video.