Laundering the World: Epstein, J.P. Morgan and the Bankster's Playbook

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This well-known quote was written by the pseudonymous creator of Bitcoin, Satoshi Nakamoto, in 2009. It explains in just a couple of simple paragraphs what conditions necessitated the creation of Bitcoin as a monetary system.

The global financial system has repeatedly shown itself to be unworthy of the public’s confidence. The recurrent cycles of boom and bust over the last century are not anomalies. Rather, they are a part of a repetitive cycle and the symptom of a deeply flawed system, plagued by corruption, fraud, and a staggering lack of accountability.

“Trusted” Third-Parties

2008, the same year that The Bitcoin Whitepaper was published by Satoshi Nakamoto, the world was dragged into yet another financial crisis. This time the collapse was caused by banks engaging in risky lending practices related to the mortgage market.

In the years leading up to 2008, banks issued subprime mortgages to borrowers with little ability to repay them. These toxic loans were then bundled into complex financial instruments and sold across the global system, obscuring the underlying risk so thoroughly that few could see the danger until it was too late.

When the collapse came, it was swift and devastating. As financial institutions crumbled, panicked governments and central banks responded with quantitative easing, a euphemism for printing money to create the illusion of stability while quietly debasing the currency. They counterfeited their way out of a crisis created by Wall Street, shifting the cost of the banks’ recklessness onto the shoulders of the tax payer debasing the currency and recouping the costs through price inflation.

Either way, the tax payer always pays, either through taxation or inflation.

So what happened to the perpetrators of this crisis? Nothing. That’s what happened. Nothing.

Here is how the Bankster’s playbook works: