Boycotting Central Banking Part 2 | Breaking Free from Central Banking with Bitcoin Proof-of-Work

Disclaimer

Before we dive into this blog, it's essential to clarify that neither I, Simon Dixon, nor Truth Teller are providing financial, legal, or tax advice. While we share overlapping views on central banking and the global financial system, we also differ in key areas. This blog is meant to foster dialogue and awareness, not to offer professional advice. If you’re making financial decisions, you should consult a licensed advisor and conduct thorough research. This is a discussion—not advice—and should be treated as such.

In my previous blog, "A Journey Through Central Banking History and Future Solutions", we explored how central banking has evolved over the last 2500 years, tracing its roots from ancient barter systems to the creation of the Federal Reserve and modern-day global finance. We examined how wars, crises, and economic downturns have consistently benefited the elite who control the monetary systems, while everyday people are left with inflation, debt, and financial instability.

Today, I want to go deeper. This is part two of our journey—where we not only continue to expose the failings of the central banking system but also start looking at real solutions. If you’re serious about breaking free from the financial slavery imposed by central banks, this blog is for you.

The Core Problem: Financial Apartheid

In this discussion with Truth Teller, we highlighted how central banking has created a system I like to call financial apartheid. What does this mean? At its core, financial apartheid refers to the deliberate division of society into the "haves" and "have-nots" through economic mechanisms controlled by central banks.

In a fiat system, every dollar created by central banks is issued as debt, with interest attached. The problem? The interest doesn't exist in the system. When central banks create money, they don't create the interest needed to repay that debt, which means more borrowing is required to pay off old debts. It's a self-reinforcing cycle designed to keep people and nations in perpetual debt. Over time, this creates a widening gap between the wealthy—who have access to near-zero interest rates and leverage—and the poor, who are stuck paying exorbitant interest rates on credit cards, student loans, and mortgages.

Truth Teller and I discussed how this financial apartheid isn't just a domestic issue—it plays out on the global stage as well. Countries like Venezuela, Iran, and North Korea, which resist the central banking system, face sanctions, economic isolation, and even war. It’s not just about economics—it’s about control. If you don’t play by the rules set by the International Monetary Fund (IMF) and World Bank, you risk becoming a target of regime change, proxy wars, or financial collapse.

The central banking system, as we know it, is not designed for the prosperity of nations or individuals. It's designed to benefit those who control it: the bankers, the politicians they influence, and the corporations that serve their interests. As we dug deeper into this topic, one point became crystal clear: wars and debt are central banking’s most effective tools.

Usury: The Weaponization of Debt

One of the most crucial takeaways from our conversation is the role of usury—the practice of charging interest on loans—as a tool of oppression. Usury, as Truth Teller highlighted, is forbidden in the Abrahamic religions for a reason. It's not just about lending money; it's about exploiting the borrower. Usury allows lenders to get unjustly wealthy while the borrower remains trapped in a cycle of ever-growing debt.

We explored how usury has been weaponized throughout history. Take, for example, the Roman Empire, where debtors were often thrown into slavery if they couldn’t pay back their loans. Fast forward to modern times, and while we no longer see physical slavery, debt slavery is alive and well. Mortgages, student loans, and credit cards are designed to keep people perpetually in debt, paying interest to the banks for decades.

Fractional reserve banking, a key mechanism of the modern financial system, is essentially a sophisticated form of usury. Banks only need to keep a fraction of their customers' deposits on hand, while they lend out the rest—creating money out of thin air. The more they lend, the more interest they collect, even though the money to pay back that interest doesn't exist. It's a rigged game, and the banks always win.

During the X Space, we also touched on how war has been used as a tool of debt creation. World War I and World War II were financed through enormous loans from central banks, and the nations involved were left paying the price—sometimes for generations. The same goes for modern wars. Governments borrow money from central banks to fund their military ventures, and the people pay the price through inflation, higher taxes, and economic instability.

This is why Truth Teller and I agree on one thing: all wars are bankers' wars. There’s no profit in peace, and as long as central banks control the money supply, wars will continue to be used as a tool of economic control.

Bitcoin: The Path to Financial Sovereignty

If the system is this corrupt, what’s the way out? That’s where Bitcoin comes in.

Bitcoin is more than just a digital currency. It’s a decentralized financial system that allows individuals to opt out of the central banking system. Unlike fiat currencies, which can be printed endlessly by central banks, Bitcoin has a fixed supply of 21 million coins. No more can ever be created, which makes it a powerful hedge against inflation.

But Bitcoin’s real power lies in its decentralization. There’s no central authority controlling Bitcoin. It operates on a global network of miners and nodes, ensuring that no single entity—government, corporation, or central bank—can shut it down or manipulate its supply. This is in stark contrast to fiat money, which is constantly devalued by the whims of central bankers and politicians.

In our discussion, I explained how Bitcoin’s proof-of-work system mimics the properties of gold. Just as gold has to be mined from the earth, Bitcoin is mined through computational work. This mining process not only creates new Bitcoin but also secures the network, making it resistant to fraud and attack. Unlike gold, however, Bitcoin can be easily transferred across borders, stored securely in a digital wallet, and used as both a medium of exchange and a store of value.

For those living under oppressive regimes or in countries facing hyperinflation (such as Venezuela or Lebanon), Bitcoin represents a lifeline. It allows people to store their wealth in a currency that cannot be seized or devalued by corrupt governments. During the X Space, Truth Teller and I discussed several real-life examples of individuals who used Bitcoin to escape financial ruin in their home countries. These are stories of hope in a system designed to exploit.

Decentralization: The Key to Reclaiming Power

One of the central themes of our discussion was the importance of decentralization. Central banks, by definition, are centralized institutions. They control the money supply, and by extension, they control governments, corporations, and individuals. Decentralization is the antidote to this kind of control.

Bitcoin is decentralized, but it’s not the only system that can be. Truth Teller and I discussed how decentralization can—and should—extend beyond money. We’re seeing decentralized systems emerge in everything from governance to education to social media. The old structures of centralization are collapsing, and it’s up to us to build new systems that distribute power rather than concentrate it.

This is where the conversation took an important turn. Truth Teller and I don’t always agree on every solution, but we both see the power of decentralization as a force for good. Whether it’s decentralized finance (DeFi), decentralized governance, or decentralized technology, the key is to build systems that put power back in the hands of the people.

Truth Teller’s Perspective: A Different Lens

Throughout the discussion, Truth Teller provided valuable insights that challenged some of my own perspectives. He brought a unique geopolitical analysis to the table, particularly around how certain governments—like those of Iran, Venezuela, and North Korea—have resisted the central banking system, only to face sanctions, wars, and economic sabotage.

He also delved into historical financial systems that operated outside the central banking model, such as national socialism and other regimes that attempted to build self-sustaining economies without relying on global debt structures. These systems, however flawed, offer important lessons about resisting the central banking paradigm.

Truth Teller’s approach often takes a broader geopolitical view than mine, but that’s what makes these discussions rich. It’s important to question everything and to consider the multiple forces at play in the world of global finance.

A Call to Action: Don’t Wait for the Collapse

The takeaway from this discussion is clear: the time to exit the central banking system is now. Bitcoin offers a way out—a lifeboat in a sinking ship—but it's up to you to take control of your financial future before the inevitable collapse of the debt-based fiat system.

If you're reading this, you're already ahead of the curve. But knowledge alone isn’t enough—you need to take action. Own your Bitcoin. Learn how to secure your wealth. Protect yourself from inflation and debt slavery. The central banks aren't here to protect you; they're designed to profit from your financial hardships. The longer you stay in the system, the deeper into debt and dependency you become.

For those who want to take concrete steps, I encourage you to explore the Bitcoin Wealth Builder Program. This program isn’t just for high-net-worth individuals—it’s a resource designed for anyone who wants to understand how to transition from fiat currency to a more secure financial system, built on Bitcoin. Through step-by-step guidance, it will show you how to build and protect your Bitcoin wealth, navigate through the complexities of decentralized finance, and secure your financial sovereignty.

Additionally, if you’re looking to stay informed about the latest developments in Bitcoin, geopolitics, macroeconomics, and how they all intersect, I invite you to join the BitcoinHardTalk Membership Portal. In this community, you’ll have access to exclusive insights, weekly updates, and in-depth analysis of the financial and geopolitical shifts happening right now. This isn’t just about news—it’s about giving you the tools to stay ahead in an unpredictable world.

The Road Ahead: A Decentralized Future

The system of central banking is not just broken—it’s designed to fail the majority of the population while enriching the few who control it. As Truth Teller and I explored in this four-hour discussion, the historical role of central banks in wars, recessions, and global power plays is undeniable. We are at a pivotal moment in history where decentralized technologies like Bitcoin offer us a real opportunity to reclaim financial sovereignty. But time is running out.

Bitcoin is not just an investment—it’s a lifeline. It’s the foundation of a new financial system that puts power back into the hands of individuals. But it requires more than just holding Bitcoin. It requires knowledge, action, and a commitment to breaking free from the systems of control that have enslaved humanity for centuries.

The central banks aren’t going to give up their power without a fight. In fact, as Truth Teller highlighted, the increasing push toward central bank digital currencies (CBDCs) is their latest attempt to tighten their grip on financial control. These digital currencies will give central banks unprecedented power over every aspect of your financial life, from controlling how and when you can spend your money to eroding privacy and personal freedoms. This is why Bitcoin, a truly decentralized alternative, is so critical in the fight for financial freedom.

Final Disclaimer

The content discussed in this blog and the corresponding X Space recording touches on highly sensitive topics, including the role of central banks in global conflicts, financial control, and the mechanics of war. While these discussions aim to foster understanding and critical thought, they are not without controversy. As you engage with this content, it is important to remember that the ideas presented here are meant to provoke thought and encourage further research.

This blog and the X Space recording are not attacks on any specific group, nation, religion, or entity. They are a critical analysis of the financial systems that have shaped our world. We strongly encourage readers to approach these subjects with care, perform their own due diligence, and consult legal and financial professionals where appropriate.

The participants of this discussion, including myself and Truth Teller, offer no warranties or guarantees regarding the accuracy or completeness of the information provided. We do not endorse any unlawful actions or violations of financial laws. Always ensure that you understand the legal frameworks of your country or region when making financial decisions, especially regarding cryptocurrency.

By engaging with this material, you accept responsibility for your own decisions and actions. We urge you to remain informed, stay critical, and take steps to secure your financial sovereignty in a world where centralized financial powers are increasingly undermining personal freedoms.

In Conclusion: A New Financial Paradigm

This isn’t just a conversation—it’s a call to action. The world is changing, and the old systems of financial control are crumbling. As we discussed in the X Space, central banks have played their role in perpetuating wars, poverty, and inequality. But with Bitcoin, we have the tools to build a new, decentralized system that operates on principles of fairness, transparency, and individual sovereignty.

The revolution isn’t coming—it’s already here. It’s up to you to decide whether you’ll be part of the solution or remain trapped in the system that exploits you. I encourage you to take the steps necessary to protect your wealth, educate yourself on decentralized finance, and aim to secure your financial freedom.

Because the future of money is no longer in the hands of central banks—it’s in yours.

Timestamps:

0:00:00 Introduction and Setting the Stage

0:15:12 The Origins of Central Banking and Its Global Influence

0:30:45 Financial Apartheid: The Divide Between the Elite and the Masses

0:45:27 The Power of Debt: How Central Banks Control Nations

1:00:03 Historical Examples of Debt-Driven Crises

1:15:32 Usury: The Hidden Engine Behind Economic Slavery

1:30:21 Wars and Central Banking: Profiting from Global Conflicts

1:45:40 The Rothschild Legacy: Financing Both Sides of War

2:00:58 The Creation of the Federal Reserve and Its Impact

2:15:14 Modern Examples of Financial Warfare: Venezuela, Lebanon, and Beyond

2:30:10 Bitcoin as a Solution: Why Decentralized Money Matters

2:45:39 How Bitcoin Counters Inflation and Centralized Control

3:00:45 Decentralization: Reclaiming Power from the Elite

3:15:29 The Rise of Central Bank Digital Currencies (CBDCs) and the Threat to Financial Freedom

3:30:22 Truth Teller’s Geopolitical Perspective: Governments That Resist Central Banking

3:45:12 How Global Powers Use Sanctions and Economic Isolation as Weapons

4:00:01 Bitcoin Adoption: From El Salvador to Global Financial Sovereignty

4:10:30 Your Call to Action: Steps to Secure Your Financial Future