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- Max Keizer and Elwood proposed Bitcoin as an instrument for world peace
- They underlined the country’s resistance to control by central banks and governments
In a recent interview with Elwood at Orange Pill, Max Keiser, a senior Bitcoin advisor and chairman at Volcany Energy, delved into the complicated relationship between traditional fiat currencies, wars and the transformative potential of Bitcoin (BTC) as a harbinger of global peace.
Their discussion comes against the backdrop of Ukrainian legislative moves to freeze bank accounts and assets of those evading military service – a move that clearly highlights the coercive power of governments through centralized financial systems.
Fiat currency serves as a war catalyst
Keizer and Elwood critically examined the role of fiat money as a catalyst in the continuation of global conflicts. They argued that fiat currencies facilitate the continuation of wars. Fiat currencies support each country’s economy, which are then targeted by other countries. If fiat money were replaced by Bitcoin, most countries would not have the goal of fighting wars.
Furthermore, unlike fiat currencies, which are prone to government control and inflation, Bitcoin’s decentralized nature and cryptographic security provide an “impenetrable encrypted wall” around a country’s economy.
In the interviewElwood noted,
“With Bitcoin, none of us have to fight a crazy war that only benefits rich people.”
Central Banks Essentially Want Wars: Here’s Why
There was also a discussion about the central bank’s position on Bitcoin becoming the primary currency. A fundamental aspect of how central banks operate in wars is based on issuing debt that contributes significantly to a bank’s income growth. If Bitcoin takes over as the standard currency, these banks will no longer have an incentive to lend money.
When we talked about this in more detail, Elwood added:
“The central banks just want you to keep betting on both teams. They don’t care who wins.”
This connection between war, fiat money and debt supports the duo’s case for Bitcoin as a viable alternative to securing global peace.
Bitcoin: a powerful tool for world peace
Furthermore, Keizer and Elwood envision a world in which Bitcoin adoption leads to a paradigm shift in international relations. With economies secured by Bitcoin, countries would have little to gain from aggression and instead seek peaceful solutions to disputes. This perspective is not merely idealistic, but speaks to the technological and economic reality that Bitcoin presents: a stateless, decentralized currency immune to the whims of government and central banking policies.
Emphasizing the importance of Bitcoin to become the global currency, Keizer said:
“The economy has always evolved throughout human history as a byproduct of wars. If there is no profit in going to war because the money cannot be confiscated, then you don’t go to war.”
The call to action for US Congressmen and policymakers around the world is clear: embrace Bitcoin as a tool to promote world peace. By advocating for faster adoption and use of Bitcoin, leaders can soften the traditional financial mechanisms that support and perpetuate wars.