The Power of the Bankers and how Bitcoin may Undermine It.

When Napoleon Bonaparte said “When a government is dependent upon bankers for money, they and not the leaders of the government control the situation.”, he knew very well what does it mean not only for him but for the whole country and it's citizenry, elections does not decide who will rule a country. This is may be true then it's very true today who really rules the state. Ever since the creation of the banks a new set of rulers was created that nobody foresaw the immense power it will wield and it was very clear when the 2008 financial crash happened, the bankers who were responsible for the crash was the first to be saved from the via $426 billion bailout that also given not only to the banks but to car manufacturer's, real estate companies and pharmaceutical companies, but not to the citizenry who was laid off by the thousands because of the greediness of the bankers.
Against the backdrop of a financial crisis that Satoshi Nakamoto released a white paper titled: "Bitcoin: A Peer-to-Peer Electronic Cash System", the white paper outlined the conceptual framework and technical details of Bitcoin, introducing the world to the concept of a decentralized digital currency and the underlying blockchain technology. It was revolutionary, a digital currency that is not controlled by the bankers, a decentralized monetary system that was never heard or experienced before. By-passing the banks and national boundaries Bitcoin can change hands anywhere in the world without the help of banks due to it's Peer-To-Peer character and this is what the banks don't want to happen, it will undermine the control they have over the people's financial lives. This is real democracy.Bitcoin was largely met with skepticism and dismissiveness by many Wall Street bankers and financial institutions, the concept of a decentralized digital currency that operated outside of traditional banking systems and government control was viewed as unconventional and risky. Many Wall Street professionals and financial experts initially doubted the viability and legitimacy of Bitcoin, questioning its long-term value and the security of its blockchain technology. Others went into length of ridiculing it as a fad and will just fade away. But as many people and country is adopting and using it, the banks realize that bitcoin is here to stay.
As El Salvador's Legislative Assembly approved a law to make Bitcoin legal tender In September 2021, it became the first nation in the world to do it, sending shockwaves to the international finance community. El Salvador's argument for adopting bitcoin was that it will promote financial inclusion and economic development not only for the country but for it's people too, considering that it's a third world country and heavily indebted to the IMF and World Bank it was a shot across the bow of international finance institutions, a first step to be free from the clutches of greedy banks.Is the Bitcoin revolution and international mass adoption underway? Nobody can say, but judging other country's favorable move's towards Bitcoins adoption and banks actions to utilize bitcoin as financial tool, it looks bitcoin is on the way to operate along side traditional banks and financial institutions.


Source
https://www.globalresearch.ca/power-behind-throne-forever-wars/5851240
https://www.coindesk.com/consensus-magazine/2024/03/22/el-salvador-doubles-down-on-bitcoin/