The investing world is currently falling for one of the greatest trojan horse operations in history.

The term “trojan horse” relates to the famous Greek poem Aeneid, which chronicles the 10-year siege of the city of Troy by Greek soldiers. In its simplest rendering, after years of failing to enter the city through brute military strength, the Greeks opted for an act of deception.

The Greek army built an enormous wooden horse. After sneaking a small group of elite soldiers within the horse, the remainder of the Greek army boarded their ships and pretended to sail away.

The Trojans, believing the horse was meant to pay homage to their military success, brought the horse within the city gates. That night, the hidden Greek soldiers snuck out of the horse and opened the city gates for the remainder of the Greek army which had secretly sailed back at nightfall.

The Greeks ransacked Troy, slaughtering their enemies save for a small group of women and children. Thus was the Trojan war ended, and the metaphor of the “trojan horse” born.

Trojan Horse: noun

1: someone or something intended to defeat or subvert from within usually by deceptive means

2: a seemingly useful computer program that contains concealed instructions which when activated perform an illicit or malicious action (such as destroying data files)

Something quite similar to what the Greeks accomplished in Troy is occurring today. But the scope of the deception is exponentially more massive…

Indeed, rather that targeting a single city, the perpetrators enacting today’s Trojan Horse seek to overhaul the entire financial system.

Their purpose?

A backdoor means of introducing a new financial system that would act as a universal accounting ledger through which the government and well-connected elite could track, monitor, and audit every single financial transaction performed by the other 330 million of us… right down to assigning each transaction with a specific serial number.

And their trojan horse is crypto currencies.

Yes, crypto-currencies, or crypto, for short.

Before you accuse me of being a conspiracy theorist… or delusional… consider the following…

Crypto Currencies Violate Federal Law… So, Why’s Isn’t Anyone Being Arrested?

By federal law no one but the U.S.’ central bank, the Federal Reserve, is permitted to print currency. Anyone who is caught attempting to produce a new, counterfeit currency faces up to $250,000 in fines and 20 years in prison.

See for yourself… taken directly from our legal code on the House of Representatives’ website.

Clearly, crypto currencies would qualify here… they’re literally called “currencies,” are backed by nothing (as opposed to a stock or bond), and are used as a medium of exchange.

And not ONE crypto currency creator has been arrested or jailed.

Why is this?

Consider that in 2024, the U.S. secret service arrested 197 individuals for counterfeiting currency. All told, the Feds seized some $21.8 million in counterfeit currency.

Million… with an “m.”

If the Feds are willing to arrest people for producing millions in fake U.S. dollars… why would they permit other individuals to create crypto currencies that are valued in the HUNDREDS of billions of dollars?

Indeed, globally there are over 86 crypto currencies that are valued at over $1 billion. Not one of their creators has yet to be arrested (Sam Bankman-Fried wasn’t charged with counterfeiting, but with stealing clients’ funds).

Indeed, the only example of a crypto founder being arrested that I can find pertains to when the creator doesn’t actually create a currency but is simply embezzling funds or running a Ponzi scheme.

Why would the Feds permit an entire industry of counterfeit currencies (some 13,000 at last count) valued at over $2.7 TRILLION to exist?

Dr. Harald Malmgren knows the answer… but you’re likely not going to want to hear it.

The Ultimate Government Insider Pulled Back the Curtain on Crypto in 2015

Dr. Malmgren served as a Senior Aide to FOUR separate Presidents of the United States as well the Senate Committee on Finance. He was the kind of beltway insider who would casually mention meeting people like Vladimir Putin in person… or being in the room with JFK at the peak of the Cuban Missile Crisis.

Suffice to say, when someone like Dr. Malmgren talked about what policymakers and Beltway insiders are doing, his words carried a LOT of weight.

Dr. Malmgren laid out precisely what policymakers are up to in regard to blockchain/ crypto during an interview I 2015. I apologize for the long quote here… but when do you have a former advisor to four US President lay out precisely what Washington is up to?

Banks in the US and Europe are trying to develop a cashless transactions system… The concept is to establish a comprehensive ledger for a business or a person that records everything received and spent, and all of the assets held – mortgages, investment portfolios, debts, contractual financial obligations, and anything else of market value including pleasure boats, automobiles, and other machinery.

He continued…

Governments would very much like such ledgers to exist because they could view everything that is taking place financially in real time, including ability to evaluate net worth, patterns of spending and of earned and unearned income, and of course, an instant assessment of all taxable activities.

The people now intensively working on a mechanism for a cashless society are building it around the concept of blockchain technology. In essence, there would be a single ledger that records each expenditure or revenue event (the block), linking them chronologically with every other subsequent purchase, sale, or revenue event in a recorded chain. It could initially begin with a complete ledger of individuals or distinct businesses which could then be connected with another to a bigger ledger that a bank or other large financial institution might maintain for all of its clients. Banks or other designated financial institutions could then link their own comprehensive ledgers with those of the others.

Ok, so banks would be able to access everything you do… that’s not that different from today. After all, if you’ve got nothing to hide, what’s the issue here?

Dr. Malmgren spelled it out…

We might also consider that if governments could see everything then various regulators would be enabled to issue guidance on what’s normal or appropriate personal and business behavior. If your funds are being used in a statistically abnormal manner then they can start routinely asking you for an explanation, if it was drug money or money laundering or purchases of regulated products like alcoholic beverages or firearms….Regulators motivated by moral self-justification can have boundless imagination in ways to compel proper behavior in society.

So cashless, single ledger systems would raise everyone’s concerns about privacy and surveillance. Basically, the government would be able to start questioning anyone vigorously about virtually every aspect of daily living. I can understand why they would want this, but it would be appalling for the rights of individuals.

Source: LinkedIn.

Before you write off Dr. Malmgren’s views… consider what the most powerful insiders in finance have to say about crypto.

Jamie Dimon, CEO of JP Morgan, the largest bank in the U.S. with $3.7T in assets.

“Bitcoin is a scam and fails as a currency.”

Why?

Mr. Dimon doesn’t like the “anonymity” Bitcoin provides as well as the “the lack of regulation.”

So, what does he like?

A digital currency that can be traced using blockchain. He puts this in clear terms in the quote below.

Not convinced?

Larry Fink, CEO of BlackStone, largest asset manager in the world with ~$10T in assets under management.

BlackRock , the largest asset manager in the world with ~$10 trillion in assets under management, has launched a Bitcoin ETF (IBIT).

Why did they do this?

Larry Fink, the CEO of BlackRock, made it clear that they are creating “transparency” in crypto with their Bitcoin ETF.

And this is just the first step. His goal is to “tokenize” every asset so that it’s traceable via blockchain.

Connect the dots here…

The ultimate Beltway insider revealed in 2015 that policymakers want to introduce a blockchain-based financial system through which the government can track everything you do.

The CEO of the largest bank in the U.S., decries the anonymity of crypto in its current form and believes that the true value in crypto would be a block-chain based system in which transactions can be traced on an individual basis.

The CEO of the largest asset management firm in the world wants to tokenize every asset in the financial system so everything can be on a “general ledger” that is traceable.

Put simply, the government wants to get rid of cash and financial privacy so it can control more of the financial system. And we know the banks and asset management firms are on board with implementing this new system.

And remember, crypto is NOT a real currency. If it was… it would violate counterfeit laws.

So the next time someone explains to you how blockchain or Bitcoin is some kind of escape from “the system” consider that the most connected financial elite in the world have called it.

On that note, we are putting together an Executive Summary on how to profit from this. It details two investments that will likely form the backbone of the new financial system the elite are planning.

To have a copy delivered to your inbox as soon as it’s complete, sign up for our daily market commentary Gains Pains & Capital today. To do so…

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Graham Summers, MBA

Chief Market Strategist

Phoenix Capital Research