Mike Adams has not posted a Situation Update so far today.

Here he is expanding on yesterday's exploration of globalist attacks on the crypto ecosystem, and how fiat "cryptos" are being used to produce the bitcoin bubble.

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We have DECODED the globalist plan to destroy Bitcoin and the DeFi crypto ecosystem… and they seek to replace it with heavily regulated digital wallets under totalitarian central bank control
Tuesday, December 07, 2021 by: Mike Adams

You’ve probably noticed that we have been covering cryptocurrencies and the “DeFi” (Decentralized Finance) ecosystem over the last couple of days, releasing interviews with several important people on the topic (see below).

The upshot of what we appear to be uncovering is that globalists are carrying out a plan to destroy Bitcoin and the DeFi cryptocurrency ecosystem from within, then replace it with globalist-run central bank electronic currencies which they will claim are “safer” because they are heavily regulated. This is, of course, all part of the globalist attempt to enslave humanity under digital currency controls, where they can track your every expenditure, seize funds from your accounts in mere seconds, inflict negative interest rates on your account holdings and even loot your digital wallets as “automatic taxation” operations.

Their plan, described here, is a malicious operation to cause extreme losses, suffering and growing distrust in the non-regulated crypto markets. Below, you’ll learn how this plan works and why it poses such an existential risk to the crypto markets (and faith in DeFi in general).

For the record, we are 100% pro cryptocurrency, pro free market, pro decentralization and strongly opposed to globalist control or central bank fiat currency money printing. We want to see a world where money is decentralized and unable to be manipulated by anyone. We also recognize that cryptocurrency will play a significant role in the future of financial transactions for human civilization. That said, we strongly oppose deceptive operators who are harming the cryptocurrency ecosystem. That’s the focus of this article: Exposing the sabotage operations and hoping that we can make crypto more honest, reliable and viable for the future.

How globalists plan to wreck Bitcoin and the crypto ecosystem

Based on information that has come to light concerning Evergrande, Tether and a sudden spike in regulatory targeting of cryptocurrencies, we believe that globalists are setting a giant trap by building — and then destroying — a global crypto bubble that wipes out retail participants. They are pulling this off through what appears to be the systemic counterfeiting of “stablecoins” which are supposed to be backed by dollar deposits but actually aren’t.

As we covered yesterday, the Tether stablecoin company, based in Hong Kong, has already been declared to be engaged in criminal operations by the New York State Attorney General. The company uses “deceptive” practices to mislead investors, according to the NY AG. Even worse, Tether still refuses to submit to any legitimate accounting audit of its holdings, sending up huge red flags in the minds of informed observers.

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https://www.naturalnews.com/2021-12-07-decoded-the-globalist-plan-to-destroy-bitcoin-and-the-defi-crypto-ecosystem.html#