Tens of thousands of companies, institutions and even hospitals around the world are literally being held to ransom following cyber-attacks carried out yesterday. Using sophisticated ‘ransomware’, computer hackers were able to hack into and paralyse some 57,000 computer systems in over 100 countries. Victims of the attacks found their computers screens frozen, with a message telling them to pay the hackers hundreds of dollars in ‘Bitcoin’ immediately or risk have their data wiped.
Whilst traitor Edward Snowdon blames the NSA for the attacks, more accredited fingers are pointing towards a Russian gang called Shadow Brokers.
Although much current focus is on the vulnerabilities of the Microsoft software that allowed these attacks to happen, the Accredited Times is equally concerned by the hackers’ demands for Bitcoin, a so called crypto-currency. Bitcoin is generally defined as:
“a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.” [emphasis added]
As we know, it is only criminals such as drug barons, arms dealers, computer hackers, and money launderers who make transactions using unaccredited currency outside the banking system. We should always be suspicious of any transactions that are not overseen by a central bank.
Alternative money such as precious metals (gold, silver), crypto currency and even bank notes are far harder for authorities and regulators to track. For this reason, it is advisable to report any suspected purchases of gold & silver coins to the authorities; whilst legal in some restricted circumstances, hoarding of precious metals and bitcoins transfers wealth outside the banking system and makes us all poorer.
In order to stop the crooks in their tracks, all alternative forms of money needs to be outlawed as soon as possible. Since we have seen that these hackers are operating on a global scale, the solution has to be a global one. We need firstly to extend the powers of the Bank For International Settlements, World Bank, IMF. The next step will be to create an overarching Global Central Bank with the ability to monitor all world citizens’ transactions, freeze accounts instantaneously if needed, deduct taxes directly from peoples’ bank accounts and generally act as global watchdog.
The hackers have brazenly stuck up their proverbial two fingers at the world. We need to strike back where it hurts most: banning all alternative money. We anticipate that the accredited media will surely start reporting on the evils of ‘bitcoin’ in the aftermath of this latest incident, with a view to it being outlawed soon. In the meantime, we must remain alert and afraid.