We started sounding the alarm bells about the Financial Action Task Force's undue power over global financial regulation policy a little over two years ago. At the time, we were warning about guidelines they were writing that would make it so custodians would not be able to allow users to send their bitcoin to personal addresses. Well, it's 2021 and it seems like FATF is gearing up to polish these guidelines are due to be finalized by October of this year. There have been many drafts since we first brought the guidelines to your attention in 2019 and they have only gotten more draconian with every draft.
I highly recommend you freaks go check out this Reddit post which gives a breakdown of the latest guidelines draft when you get a chance. And if you're a masochist who is interested in reading the 99-page primary source for themself, you can check out the guidelines draft here. While the particular details of the draft are certainly extremely alarming and would likely lead to regulations that would make it impossible for most individuals and companies to comply, effectively making them all criminals overnight, I'd like to focus on the questions put forth by Miles Suter and the excerpt from the Reddit post that explains how FATF exerts influence.
Why do we allow this? Why does this supranational organization filled with unelected officials who are not accountable to the public have so much influence over globally coordinated financial regulations?
The answer to the first question is, because no one really knows what FATF is or the influence it wields. The answer to the second question is much more insidious; because those who control the power structure do not give a fuck about the sovereignty of nations or individuals and they are actively trying to usher in an authoritarian political system that dictates how everything in the world works. Coordinating via some alphabet soup "task force" that creates guidelines to be adopted by everyone is very logistically convenient. I don't want to sound like an alarmist here, freaks, but it is time for YOU ALL to get more vocal about this stuff if you care about the future of freedom in the Digital Age and agree that the existence of FATF is unjust as it facilitates to further centralization of the power structure into the hands of fewer and fewer entities.
Make no mistake, this type of financial regulation is on course to merge with the ESG movement in a fantastic way. All of these compliance guidelines will fall into the "S" category to ensure society rids itself of monetary network enabled crime and terrorism. They will attempt to prevent you from using bitcoin just as they are attempting to prevent you from using reliable energy and technologies that use electricity.
The power structure is flailing and expediting their plans for complete control over the global economy as we speak. They want to Build Back Better™ by forcing onerous financial regulations and energy usage policies on an unwilling public. If successful, they will set humanity back by centuries. The time for you to stop reading this rag as a guilty pleasure and part of a silent majority is RIGHT NOW. A world worth living in may depend on it.
Today had the worst combo of humidity, air temperature and wind direction we've had in quite a while on my village by the sea.