Bitcoin Is Pure Genius
As our financial world collapsed into chaos ten years ago, and our central banks went on a fiat printing orgy, most astute observers became concerned that a day of reckoning for this violation of economic law would be devastating. Many well respected investors decried this abomination of the free market while others like Dalio and Druckenmiller said buy stocks and made fortunes. Now, even the Dalios and Druckenmillers are crying foul.
Active money managers are being destroyed by this “short vix” and “long equity” trade. Managing an investment fund involves costly protection for positions and the distortions that have been created by Central banks actually buying the shares in markets directly and directly has destroyed the active money managers. In time, losing investors like Hugh Hendry will prove to be just one more part of the market being removed that will accelerate the markets eventual collapse.
Out of the smoke and fog of ten years ago came a savior for many of the downtrodden doubters of the fiat dollar regime……..bitcoin. Touted as an alternative to the goldbugs that can be bought and sold with just a keystroke. It has a blockchain that cannot be penetrated by the evil bankers. It is impermeable to the central planners. In fact it is promoted as being better than gold. Even goldbugs like Bix Weir and Andy Hoffman have jumped on this crypto currency screaming about its benefits. Many holders of gold, silver and the miners are selling their shares and buying bitcoin. Its all good.
How CONvenient….just as gold and silver are finally back into a nascent recovery from their beatdown in 2012 and miners rocketed in 2016 and alarm bells were sounding a savior arrived……bitcoin.
Suddenly out of nowhere bitcoin charges to thousands of “Dollars” per coin. Stalwart goldbugs jump to the promises of a safe haven alternative to the dollar. LOL…….a keystroke safe haven to the dollar??? You gotta be kiddin’ me? If you can’t see this for what it is then you better check yourself in to the nursing home now. This is a psyop and nothing more. Its another diversion. Its a divide and conquer. It is nothing more than NOISE to keep your eye off the ball. Its all smoke and mirrors and even a few of the good guys fell for it. WHO invented bitcoin? WHO CONtrols bitcoin? LOL surely you have figured this out by now? Right?
Our Economy is dead. Our velocity of money is still ZERO. Nothing has changed. We’re on life support and this whole bizzare recovery is an ILLUSION. Enjoy it……I do but please please please stay away from bitcoin. They are going to crush it.
Now please go watch football today. Speaking of football, now there is some really special divide and conquer for Joe six pack. Of course this is all about BLM and patriotism. Sure it is………
Source: http://kliguy38depression2news.blogspot.com/2017/09/bitcoin-is-pure-genius.html
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Whistler Blowers, Insiders
Bitcoin is doomed to failure. When they all head for the door….wait and see what happens. LOL
Bitcoin is the mother of fiat money. Its essentially worthless. Its only worth what some algorithm says its worth. Remember tulip mania in Holland….bitcoin is similar.
Ahh yes, Bitcoin, the pet rock of our time.