The U.S. Gov’t is about to Violate Your Financial Privacy

by Andrew Zatlin November 15, 2022 1:00 pm ET

The world’s second-largest crypto exchange just went belly up.

This is exactly the news the U.S. government needed so it could start promoting its digital currency — a currency that’ll likely violate your privacy.

Here’s what you need to know…

For a transcript of this video, see below. This transcript has been lightly edited for length and clarity.

The U.S. Gov’t is about to Violate Your Financial Privacy

The high-tech blows just keep coming.

Tens of thousands of workers at Amazon, Uber, and Meta were just laid off. Meanwhile, cryptos like Bitcoin and Ethereum plummeted another twenty percent.

I know what you’re thinking:

“Zatlin, I stayed out of high-tech investments. I don’t own any crypto. I can sleep like a baby.”

Well, baby — you’re about to get an ugly wake-up call…

Because one high-tech headline affects you in a big way. Let me explain…

FTX Bites the Dust

Last week, a company called FTX went bankrupt.

FTX is — pardon, was — the world’s second-largest crypto trading exchange. It had a million customers and facilitated billions of dollars in transactions. It was considered the safest, most-reliable company in the crypto space.

FTX was on a mission to make crypto mainstream. Its “ambassadors” included Tom Brady and Steph Curry. You might remember its Super Bowl commercials featuring comedian Larry David.

But now, instead of being the poster child for everything good about crypto, FTX has become representative of its evils.

And for the U.S. government, this is an opportunity served up on a silver platter…

Getting Ready to Crush Crypto

You see, the U.S. central bank wants to crush crypto.

It doesn’t like that you can conduct transactions outside of its scrutiny. And it doesn’t like competition.

Now that crypto is a three-trillion-dollar market, it’s become a legitimate rival.

That’s why central banks including the U.S.’s have been pushing an alternative to Bitcoin and Ethereum. They call it a central bank digital currency.

Trouble is, their efforts to promote this alternative haven’t really worked…

Nothing’s Worked So Far

That’s because most people don’t own crypto. They don’t have a dog in this hunt.

Furthermore, many people understand that a major downside to digital currency is that it can be tracked. And Americans value their privacy.

When you give the government the ability to track your every financial move, handing over those keys to the kingdom becomes questionable. (Edward Snowden revealed what the NSA is willing to do. Just imagine what could be done with your financial records.)

Violent cartels… national security… sex trafficking — the government has “explained” reason after reason why unregulated crypto is bad…

But now it may finally have the headline it needs to get people to consider a government-regulated digital currency.

The Fed Says “I Told You So”

When FTX went bankrupt, billions of crypto dollars went missing. Celebrities like Larry David and Tom Brady had pushed Americans to buy crypto using FTX’s platform. So the money lost was from everyday investors.

Now the Fed can make two points:

“We told you so — crypto steals your money.”
And if FTX had been part of the banking industry, your money could’ve been FDIC insured up to $100,000.

Keep in mind, FTX was considered a legitimate operation. It even paid lobbyists forty-million dollars to establish its reputation and influence how crypto would be regulated.

Here’s the Deal

If you don’t own crypto, understand that today’s digital-dollar is going to change:

You see, in many ways, we already have a digital currency. It’s the dollar. You get paid electronically and make payments electronically.

But this will be different. This will be the ability to track your every transaction.

That’s a powerful violation.

And if you do own crypto, be weary. This sector’s been the Wild West for a long time — very speculative, very manipulative.

Once it becomes regulated, its value will drop. Guaranteed.

Next year will be the year of the U.S. central bank digital currency. It’s called FedNow.

And remember, the U.S. is the world’s economic engine. When it does something, the rest of the world follows.

Get ready for some big changes in how you spend your money and how your money is tracked. And if you’ve got crypto in your portfolio, consider getting out.

I’ve got a great idea for “Pro” subscribers. In the meantime, we’re in it to win it. Zatlin out.