Bitcoin & Crypto-Currencies Are Nothing But Inflation
It's still interesting how many people see Bitcoin or Crypto Currencies as a "safe alternative" and the key buzzword "decentralized", which really isn't actually true from a broader perspective. Only in some remote categories is it true.
But the thing is, while Crypto-Currencies today might seem like an awesome opportunity to cash in now and then to make a few thousand dollars here and there, you have to understand why they decided to roll this out to begin with.
Crypto-Currency, is basically the "Male" version of "OnlyFans". Let me explain that.
We obviously know that Men don't "typically sell their bodies", right, unlike Women who have done so since the beginning of time.
The Global Powers in charge, with attempting to use multi-faceted methods of moving civilizations away from Sovereignty, Production and Independence, have been gung-go on finding "quick distraction schemes" that would temporarily give a security blanket to keep the complaints down while people are removed from the workforce or cannot find jobs that pay a livable salary.
Simpy put, OnlyFans and so forth, is the version of attempting this for "Women", while the Crypto Currencies were put forth instead for MEN, especially Younger Men as opposed to stocks or other assets.
Nevertheless, stocks are of course also nothing but inflation, there are no actual real values within stocks, they are fictitious assets. It doesn't matter what you "THINK" or what you are told by some magazine article or Economist on TV about a company having "value".
But the Crypto Currencies are designed specifically to appeal to younger generations, and to keep them occupied with remaining in front of a screen, likely with video games and other distraction entertainment, while the Global Powers collapse the current system from within.
But what Crypto Currency gurus don't understand, is that the actual value of all Crypto Currencies is absolutely "ZERO".
An asset, be it a currency, can only have any kind of assumed value on the basis of an exchange rate for an actual product or labor performed that represents that currency, say the "Dollar" or "Euro", etc.
Bitcoin like all the other crypto coins were just created out of nowhere, with nothing that represents their value.
I assure you that the more the world moves to Crypto Currencies, even on the Governmental or Banking level as well, you will only see society conditions continue to deteriorate, because what this creates are people who are basically worthless parasites, who didn't create anything, and yet they are making money off of money (known as usury), with nothing to show for it, and so this has an asbolutely direct "Inflationary" effect into the real economy.
As more and more people enter the Crypto pool, society will just become that much worse, while all the same time, becoming all that much more expensive.
For every Dollar, Euros etc uttered into existence, it has a net effect of making everyone all that much poorer as it puts pressure on the system chasing goods, without an equivalent good made in its place, dollar for dollar.
Whereas for every Dollar earned, if $1 worth of revenue was uttered into the system, part of a functional system, it does not have an inflationary effect.
It also tracks everything making it the perfect social credit currency.
ReplyDeleteThe bitcoin bros will tell you it used electricity to be created giving it intrinsic value the same as mining gold. Which is completely nonsensical. Unfortunately almost nobody has reasoning skills.
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DeleteIf people continue to have faith in this made up coin then it will hold around the value it is at now. However the days of making any good amounts of money from it are gone. Bitcoin only grows with inflation now. Sure there are 30% swings here and there but it’s not going to make anyone rich by doing that.
ReplyDeleteThe bitcoin bros claim it’s going to $1Million. It could do in 2040 when inflation has made everything else increase 10X, but then they haven’t actually made any wealth. They also talk about how it’s ‘scarce’ because there are only 21 million bitcoin apparently. However I can imagine that number can be edited by the higher powers and then it will crash if they flood the market with billions of these bitcoins.
As for other cryptocurrencies, it’s all just gambling and the exchanges where they are sold, are the only true winners as they charge a fee. The chances of being early to a crypto that does a 1000fold increase is probably similar to winning the lottery.
The sooner this all crashes and goes to 0 the better. However it is a good distraction the elites can use on the poor, so I don’t think it’s going anywhere soon.
@Kyle,
DeleteThe biggest problem I see with the crypto coins is 50% the inflationary effect and the other 50% being the moral hubris and consequences behind it basically a trail of shit left behind by those who benefit from it because you will find that they are the most undesirable types in society who will gain more unfair advantages over someone who is decent.
That's the problem most people don't see with it. They think it's just free money.
But as the saying goes, there is no free lunch. Even when it's free, it's only because someone else is paying, somewhere along the lines.
Great.....!
ReplyDeleteYou know what I think will happen?
The West will continue investing and using cryptocurrency, with no notion of consequence, till it's too late. It will just be another point on the list of reasons the West failed when it does.
Actually, Trump and Elon seem very pro-crypto, including their allies in El salvador and Argentina.
Just looked it up, and China has banned it- not surprised. Actually, China has been impressing me lately- even though I don't necessarily 100% trust or like China.
Talking about this..., PSA or anyone else here, have you seen this video?? I really recommend checking it out!!!:
https://youtu.be/GeWiKOEkfj8?si=wftN_QXzzNIezSHw
It got released yesterday, in light of the tariff situation it's pretty interesting how he captures what's going on right now, more so in the first half of the video.
I'm interested in what you guys think of it.
I'm genuinely convinced the US is on some downward slope right now, and this is just the acceleration of it with the tariffs. It will still take 90+ days to officially see how things unravel, maybe more, but I find it interesting to speculate right now
@T345, The whole tarriffs thing ended up becoming a whole clusterfuck, and it seems to be compounding by the day with how much of a fuck-up it all was. Some of it was planned that way, all to allow insiders to skim the top of the system, but the other half is definitely political weakness, and now they are breaking down categories to where the tarriffs will and will not affect. It's just utterly ridiculous.
DeleteI haven't seen the interview you posted, but I will definitely watch it once I get a chance.
At any rate, I'm not surprised with all this stuff going on, America is definitely way past the point of no return.
@PSA I know! But man, I didn't fully realize it till now.
DeleteEven China is looking more reasonable than the USA right now.
I tuned into Trump's meeting today with the president of El Salvador for 2 minutes, and trump had to mention, that the EU was made to rip off America LOL. So Trump is continuing his crusade against... everyone for the time being. He is not at a time where he can afford to burn bridges like this, but he still is! Whoever his advisors are seem to be encouraging him...
Even if there's truth in what Trump says, it's like everything he says is provocative and the more these tarrifs go on, and the more he yaps, the more reasons the world gets not to trust, or invest in the USA.
Yes, I don't normally listen to podcasts, especially this long- but the way he explains things, and conclusions he draws are veryy interesting and spot on, and remind me of what you have come to, even though u can tell he sometimes has a 'leftist' 'socialist' interpretation of a few things. I was considering listing them out but I worry they wouldn't do justice to the way he captured once going on.
But yea, I think were seeing the cracks in the ceiling right now
@T345,
DeleteI actually took a listen to Richard Wolff's interview since I had some time last night... Not nearly his best interviews. The interesting part about Richard Wolff, he is well known here in Boston, but he is a Card-Carrying Communist Jew, yet has a knack for making it seem as if he is not, since he is intellectually well-aware. He's not wrong in what he speaks, but that is also the danger that Communists can possess as well.
It reminds me a lot too of the unfair accusations that the Nazis received as being deemed "Socialists", which in fact they weren't, except Racially. But no less, Wolff like most Jews will always bring up everything about "Hitler" and the "Nazis" and the overly-dramatic tone. It's truly amusing to watch!
Richard Wolff is very well known and active in Massachusetts, particularly in the Boston area.
@PSA
DeleteInteresting.....,
Well I appreciate u checked it out
You know about him already?? Actually- can't say I'm surprised by that lol
What interview of his would u say are better?
But yea, I agree I liked many points he made,
but once it got to the hitler or facialist socialist, marx narrative it started sounded more like wishful thinking, and story telling for the sake of sticking to his narrative rather than reality.
And yes I agree, Wolff has a way of sounding right in one area, then making a magical comparison about it to another.
But you know, I'm seeing a lot more people talk about this/what's happening with the USA, and if it isn't obvious enough this tarriff situation is not going well.
Yes, yes, and yes.
ReplyDeleteThis is why my extra cash is just going towards my primary residence. I am living in one of the best areas in my region, because the smarter and less stressed out people live here, and it is just a good looking house in a good lookin neighborhood. That is what needs to be done. And then just upgrade the property with any extra cash. No need to invest in these nonsense controlled market. Sure, real estate is at an all time high, but at least you can live in it, and at least you can enjoy it. Shelter is needed. Living in a good region and city or town is paramount today, because you can always get value for you labor that way.