The following story, all names, characters, and incidents portrayed in this post are fictitious. No identification with actual persons (living or deceased), places, buildings, and products is intended or should be inferred.
However, the
LINKS to real-life events and inspiring sources are placed here and there throughout the story.
--------
Truth is the Only Light --------
INTRO ☞ [As of 2019] there are plenty of reasons to think the Chinese system will implode spectacularly without Japanese feeling the need to do a thing. — Peter Zaihan,
Disunited Nations (Mar 03, 2020)
It's apparent that two nations have been engaged in a high-stakes military & economy
arms race. The current US admin has been hitting China with waves of tariffs, but that was merely a small part of what's actually going on. [
1] [
2] [
3] [
4] [
5] [
6] [
7] [
8]
On Oct 11, 2019, when they reached a tentative agreement for the first phase of a trade deal, the fact that China made the concession actually made my jaw drop. From where I sit, it was a worrisome scene. Aren't people saying, when challenging situations are bottled up, they will just grow and mutate into another terrible complications?
Admittedly I was not certain how they are going to adhere to the agreement: It left most of the US tariffs (on China's exports) in place, and at the same time, came with an additional USD $200 Billion burden for China over the next two years. This agreement might seem a bit insignificant, but now China would need to purchase
almost twice the size of the US products & services they did before the trade war began.
With their current
economic climate? I murmured, "No way."
While watching Trump brag and boast around with said agreement, I expected China would soon come out and fling some improvised excuses in order to delay the document-signing process. It wouldn't be their first time. More importantly, even if China does so, there wouldn't be many (real) counterattack options left for the Trump admin during this year, the US presidential election year.
Then, on Jan 16, 2020, the world’s two largest economies actually signed a partial trade agreement aimed at putting the brakes on an 18-month trade war. China would almost surely not sit down but come back to bite, I thought.
Enter the worldwide chaos following so called the COVID-19 outbreak.
--------
BACKGROUND ☞ Globalists have been heavily investing in China's economy and its components overseas.
• Here are a couple of well known names: the Great Old
One; George Soros; Koos Bekker; and
Bill Gates.
• For the sake of convenience, from here on, let's call these globalists, who are foreign investors in China's top tier state-owned/sponsored/controlled enterprises,
Team-Z. • Team-Z has adopted big time lackeys like Henry
Kissinger or small time ones like Larry
Summers, Stephen
Hadley, or Bill
Browder as
matchmakers to court Team-Z for China's top tier enterprises. When Israel's highest echelons chimed in, it has been through
Israeli IT companies and the
BRI projects.
• Naturally, multinational
investment banks have also been employed; such as Morgan Stanley, Goldman Sachs, Royal Bank of Scotland (RBS), UBS Group AG (formerly Union Bank of Switzerland), Blackstone Group, Canaccord Genuity, BlackRock, Hermitage, or Mirae Asset.
☞ Note: The Great Old One didn't use any matchmakers, something peasants would need. Because the Great Old One's power level is over 9000.
• China's
Shanghai clique used to keep the nation's state-sponsored enterprises under their firm grip: Enterprises such as Alibaba Group, Tencent, Baidu, Wanda Group, HNA Group, Anbang Group, Evergrande Group, CEFC Energy and
Huawei, all of which Team-Z has massively invested in.
•
Here is how Shanghai clique and Team-Z, esp. Bill Gates, started to get together: [LINK] • However, in the name of anti-corruption
campaign, Xi Jinping & his Princelings have been taking those businesses away from Shanghai clique's hand, and
transforming those state-sponsored private enterprises into the state-owned enterprises, declaring the
國進民退 movement.
• Slaying Shanghai clique's control = [
1] [
2] [
3] [
4] [
5] [
6]
• 國進民退 + Slaying Shanghai clique's control = [
A] [
B] [
C]
• Xi's reign didn't arrive today without challenges though: the BRI projects' poor outcome has
frustrated Israel's great
expectations. And since the US-China trade war has started, the problems of China's economic systems started to
surface, not to mention China's economy has long been
decaying.
• Coupled with the US-China trade war, the current US admin has been trying to block Huawei from accessing the international financial systems that the US can influence, as well as
the US banking systems. This is a good time to remind you again that Bill Gates has had a very close-knit relationship with Huawei.
--------
TRADE WAR & INTERNET-BASED COMPANIES ☞ It's the trade war, but why were internet-based companies such as Tencent and Baidu suffering losses?
Answer: The state-sponsored companies like Tencent, Baidu, or Huawei have heavily invested in international trade and commodity markets, which are easily influenced by aspects that IMF interest rates, the US sanctions, or trade war can create.
Example: Let's say, Tencent invests in a Tehran-based ride-hailing company. Then, through said ride-hailing company, Tencent invests in Iran's petroleum industry. Now, China's most valuable IT company is in international petrochemical trade. The business is going to make great strides until the US imposes trade embargoes oand economic sanctions against Iran.
--------
TL;DR China's economy going down = Team-Z losing an astronomical amount of money. ★ Wednesday, Sep 26, 2018 ★
"Gentlemen, you guys might want to do something before it's too bloody late, no? His speech last night was .... (sniggers) Mr. Gates, now is as good a time as any. Mr. Soros, hm, don't look at me like that." ".... But," "Yes, Mr. Soros, your HNA is going down, too. .... Ah, Schwarzman xiansheng, we're very sorry to learn about Blackstone's Iran & SinopecChina situation. So, we're guessing, you'd be happy to join Mr. Gates's operation, yes? Of course, We already contacted Kissinger xiansheng. .... Okay then, Gentlemen?" • Now you can take a guess why
George Soros has recently been sending out confusing messages regarding Xi Jinping.
• Wait, how about Wuhan Institute of Virology? Doesn't this story concern the COVID-19 outbreak? Is the Wuhan Institute also associated with Shanghai clique?
Yes, indeed. Here's How Wuhan Institute of Virology and Shanghai Clique are related: [LINK] --------
EIGHT OBJECTIVES ☞ Calling for the tide to be turned, Team-Z and Shanghai clique started to devise the plan. The objectives are:
① By shutting down international trade, crashing world economy, and exploiting its aftermath, the plan should produce an outcome letting Team-Z
earn back their loss from the trade war & the US sanctions, and collect additional profits from China's BRI projects & stock markets
worldwide, including the US stock markets.
•
Don't forget this: This point number
① also concerns the developing
nations on the BRI with the large deposits of natural resources that Team-Z has invested in through China. If everything comes together nicely, Team-Z will
pick up trillions of dollars from those nations alone
as if they are light as a feather. Ironically this will reinforce the BRI project governance and mitigate fraud & corruption risks inherent to the international development projects.
② By utilizing the aftermath in the US, a new US administration consisted of pro-Beijing personnels should be fostered at the 2020 election. In a worst-case scenario, the aftermath should be abused enough to make Robert
Lighthizer to leave the admin. Mr. Mnuchin could stay.
③ Sometime next year, the phase one trade deal must be reassessed with the new US admin. The reassessment should help China take the upper-hand at the second phase trade
talk.
④ The pandemic crisis should yield a situation which allows China to
delay the payments for its state-firm offshore
debts. With the point number
①, this will give China a breathing room to manage its steadily-
fallen forex reserves.
⑤ Since their current
turf (in China) is education industry & medical science industry, Shanghai clique will have no issue with earning hefty profits by managing China's export of medical equipments & health care products which can be supplied worldwide mainly by
China. People in the west will bent the knees for the clique's support.
☞ Regarding Jiang Zemin's son and medical science industry in China [
LINK]
⑥ The outcome should weaken Xi & his Princelings' political power considerably in favour of Shanghai clique & Team-Z. This will let Jiang's Shanghai clique
(A) reclaim some of political status & business interest controls they have lost to Xi & his Princelings.
• And once this point number
⑥, with the point number
② , is realized, it would be much easier for the clique to
(B) recover their huge assets
hidden overseas that the current
US admin or Xi & his Princelings have frozen.
⑦ Combining good old
bribery with
sex, the outcome should support China to
re-secure control over the US governors. Once the plan is executed successfully, those governors would desperately need solutions to local economic problems and unemployment.
⑧ Lastly, implementing an e-ID system in the US similar to
Beijing's Alipay and WeChat could be the cherry on top of the operation's entire outcomes.
Who's supporting such a system worldwide? None other than Microsoft and Rockefeller Foundation. ಠ_ಠ
--------
OLD COMRADE BECOMES A NEW RECRUIT ☞ They were afraid more talents were needed. The main target was the world’s largest economy with the most powerful military capability, after all.
They ended up asking
Mr. Fridman to see Lord
Putin about that. The old Vova was going through a lot nowadays, people said. It could be because his nation's energy business to
Europe seems to be hitting wall after wall. He is said to have enough on his plate with no end in sight, so maybe he'll join.
★ Monday, Jan 15, 2018 ★
"(pours a drink for himself) I know, but. ... What would happen if Bashar falls? How long you think you can keep it up? .... Erdogan is many things (sniggers) but he's never gentle. (sips his drink slowly) When Benji's EastMed Pipeline starts to actively compete, then what? They got the China money now. .... Vagit and his buddies will be very unhappy. You know that. Not great, Vova." "...." "Ah, you mean what are we going to do? Hm? Hm. I'll tell you what we're going to do. This time, we're going to bankrupt the US shale gas sector. Then, of course, we can maybe convince Benji to take their time with the pipeline. Perhaps for good. (sips his drink slowly) Don't worry, Vova, It'll work. You worry too much. We'll come out the other side stronger." "So, how long until they set it off? "Hahaa, yes. They'll soon put all things in place. While marching in place, they'll play the tune a couple of months before the next sochelnik." "Nearly 20 months to brace things here, then?" "(nod slowly in happiness) Hm. Оторви́сь там, оттопы́рься, Vova" --------
USEFUL IDIOTS ☞ When the directive came, these idiots answered claiming they would be gladly "on it." All in the name of rejuvenating China's economy without grasping the real objective prevailing throughout the entire operation. Thing is, they would never realize what they are to Team-Z & their Asian overlord until it’s too late.
Who are they? It's A and B, not A or B:
(A) the American corporations that are
too big to fail and have suffered a considerable loss because of the US-China trade war. Among those corporations,
(B) the ones that have been structured with massive interest-profit relationships in/with China.
"We need China in order for the US as a nation to continue being prosper," they've been shouting. No surprise there, because they've enjoyed the strides of extraordinary profits over the years while the US middle class has continued to shrink.
But, in 2019 when China's stock markets nosedived for the first time since 2015 and China's authorities in financial stability & resiliency fumbled their response; it wiped that
smile off their face. Still, they'll keep behaving not to offend their Asian overlord, nonetheless.
--------
PERFECT PLAN ☞ Many crucial components had to come into play all at once in order to cause World War I. If one of the components were missing or different, it is unlikely that the World War I as we know of could be produced.
① The US in 2019: Overbought bubbles + Over borrowed corporations
② The US in 2020: It's an
Election Year.
③ Russia has been
dumping US Treasuries for the past few years.
④ Russia has been
hoarding golds as if they were recreating Inca Empire.
⑤ China in 2019: Immense & long term financial
troubles has started to surface.
⑥ China in 2020: The phase-one
deal has been signed; leaving most of tariffs on China intact and adding another $200 Billion burden for China.
⑦ Team-Z sets up a situation in the US where some
event(s) would freeze the US supply chains & demand for the next three to ten months.
• Just like the 9/11, the event will be initiated at the clique's own region. However, unlike
in China, the US will report multiple epicentres
simultaneously.
• And the CDC and the US medical task force will carry on with a number of sabotage acts, to secure enough time for the infected yet untested in those US epicentres to spread plenty. [
1] [
2] [
3]
• Here's a feasible
timeline of the operation.
⑧ Then,
the BOOM: Team-Z
(a) manipulates the markets to make sure MM will have liquidity concerns
(b) when they need it most. The
(c) bottomed out oil price will be an enforcement, which will also wreck the US energy sector as a kicker. The
(d) WHO will also
join as a disinformation campaign office.
• Then a couple of big name investment managers will lead a movement that (will try to) bring back foreign money back to China. [
1] [
2]
• Meanwhile, in US, the disinformation campaign will continue to be pushed until the second wave of attack arrives.
--------
MEASURABLE SHORT-TERM OUTCOME ☞ We're now going through World War III. The global structure laid down by World War II had been shaken by globalization and the rise of China. This pandemic event will shock the structure further. Human history will be divided into Before 2021 and After 2021.
① Outcome pt. 1: Immediate Aftermath [
pt.1] [
pt.2]
② Outcome pt. 2: The US economy goes deep dive along with world economy, and the only thing Team-Z has to do is to exploit the aftermath which has been thoroughly calculated and eagerly anticipated. —
Favoured assessment: There won't be a V curve ever, unless drastic measures taken within the timeframe of four months. Unprecedented market crash, the rapid unemployment acceleration because of the supply-chain shut down, and the near-death security which in turn forces consumer confidence to plummet. We're looking at a super long L shape curve unless the US prepares fast for the second wave of their asymmetric warfare.
③ Outcome pt. 3: Arguably the most important outcome. — Because of the unprecedented shutdown of international trade, the nations heavily rely on exporting natural resources will face the extreme financial threats. What if some of those are emerging markets
AND massively in debt to China? What do you think China would do to said nations while the aftermath is hitting the globe hard?
[PDF] Something comparable to Latin American Debt
Crisis will happen.
④ Outcome pt. 4: Not that significant compared to the others but still notable outcome. — The world will need Shanghai clique's help to get medical products and equipments.
--------
WHAT'S NEXT? ☞ Several analysts have discussed
off the record that next it'd be a proxy warfare not using armed conflicts but with spreading a galaxy of counterfeit-currency across every possible channels.
Coincidently, on Dec 13, 2017, Business Insider reported in an
article "A $100 counterfeit 'supernote' found in South Korea could have been made in North Korea" that:
"It was the first of a new kind of supernote ever found in the world," Lee Ho-Joong, head of KEB Hana Bank's anti-counterfeit centre told Agence France-Presse.
Reporting the same news, The Telegraph published an
article on Dec 11, 2017:
"It seems that whoever printed these supernotes has the facilities and high level of technology matching that of a government", said Lee Ho-jung, a bank spokesman from KEB Hana Bank in South Korea. "They are made with special ink that changes colour depending on the angle, patterned paper and Intaglio printing that gives texture to the surface of a note".
ಠ_ಠ
--------
•
Tale of How Shanghai clique and Globalists Got Together •
Wuhan Institute of Virology, Wuhan City, & Shanghai Clique •
Feasible Timeline of the COVID-19 Operation •
Immediate Aftermath — pt.1.b
•
Immediate Aftermath — pt.2.a
•
Remdesivir, Gilead Sciences, Its Shareholders, & Silly Concern •
Cases Displaying the Recent Climate of Chinese Economy •
Compliance Report by the US State Department on China regarding Biological Weapons Convention — Click "2019 August Unclassified Compliance Report" and see p45.
•
Jiang Zemin's son & Medical Science Industry in China •
What is Guanxi (關係)? •
Israeli IT Companies & China •
Opinion article "Cancel All Debt to China" •
Fun Trivia about Bush Family and China --------
Hello there people of reddit! I have translated this blog post which I would like to share with you all. The original blog post appeared in a rather famous hungarian financial blog and it posed some interesting questions. It would be really good if the intelligent people of reddit would start a debate on these topics. There is a big learning opportunity here. I personally disagree with many of the points made in the post while I agree with some of them. I think that it is important to listen to the negative opinions because we can grow from them and we can either strengthen our opinions by disproving the counter-arguments of others or we can formulate and fine-tune our opinions by accepting partial truths from the opposing opinion. (Maybe we can even change our opinions alltogether in some cases) I post this in the hopes of having an intelligent conversation about the topic and it would be a bit sad if this would get downvoted because then the conversation wouldn’t be able to unfold. I say let's examine the other side, let's look at their arguments, let's try to understand them and let’s try to learn from them so that we may become smarter, better, and more well informed. Also this can be a very good test if you think about investing in Bitcoin. If this discourages you then your fundamental knowledge of cryptocurrencies or Bitcoin may not be satisfactory yet or you may be thinking about investing with money what you cannot afford to loose So without further to do here is the actual blog post translated from kiszamolo.hu. RTT314 I am writing about Bitcoin. I didn’t want to at all but since everybody is talking about it I had to.
Translator's note: There was a previous blog post about Bitcoin which got a massive amount of feedback in the hungarian community. The general feedback I received about my previous post on Bitcoin wonderfully resembled the the feedback I got when I wrote about Kairos, Emgoldex, Quaestor and Sitetalk.
(these were all scams in their times) In case you don’t have time to read the comments on my previous post I’ll summarize them for you. Its quite simple because people basically write the same thing all over again (Bitcoin or Emgoldex it doesn’t matter.) The comment categories are as follows:
- You’re stupid.
- You have no idea about the topic.
- You’re wrong.
- You’re an arrogant jealous prick, who wants to screw up people’s chance of getting rich.
- You have my respect all the time, but with this opportunity you missed the point big time.
- This is different, this is a new technology, this will work for sure. This is a huge innovation, this is something people never heard before, this technology is on the verge of exploding into the mass-media. (Oh how many times have I heard this when it came to similar topics)
It’s a good idea to look at those people who wrote these comments a few years back. The people of Kairos who came here (to his blog) taunting and showing off their earnings with Kairos. And then all of a sudden it became apparent that it was just another scam and they lost all the money in a heartbeat.
What did I cover in the previous blog post on Bitcoin?
I wrote, that you don’t know anything about Bitcoin, that you don’t know who is behind it or whether there is someone behind it or not. What gives actually Bitcoin’s value? How do we know that its better than the other cryptocurrencies? How do we know if one BTC is expensive for 1000 dollars or cheap? For a long time people bought it for 1 dollar, then for a long time for 100, then 1000 and now 16 thousand. Which price is the realistic one? Or none of it is realistic and its still cheap? How can I find it out?
I have basically nothing at all to which I could compare its price. Just like in the dotcom bubble when it came to evaluating the .com companies. The normal method of evaluation didn’t work when it came to these companies because everybody wanted to think, that these companies can conquer the whole world. And because of that basically no price was too expensive for a share. And then it became apparent, that in fact even a single dollar was too much for 95% of them.
Just because something is revolutionary and new it doesn’t mean that it has value too. Especially when anybody can copy it freely. This happened with the .com companies too. Everybody learned fast, that just because they are innovative and revolutionary they can’t make a profit and most of them didn’t even worth a penny.
And the .com companies were 100 times easier to evaluate than Bitcoin. At least they had expenses, profits, employees, products and patents. You could at least calculate with something.
Why is Bitcoin considered money? Currently it has none of the properties of money - you can’t pay with it everywhere, it’s exchange rate is not stable at all and because of that it is not suitable for accumulating wealth in it (just in the past 12 hours the price of one BTC was between $16.123 and $17.023 and today is one of the calmer days.)
Anybody can invent a newer Bitcoin and people do so too. There’s almost ten times more cryptocurrencies today than normal currencies in the world and almost every day a new one gets listed.
This is because anybody can make a cryptocurrency. You don’t have to have a whole country behind it with its total assets, government, and financial traffic. If you have good marketing you will be a millionaire from a new cryptocurrency. Currently there are 1324 cryptocurrencies and there is almost no day when no new ones are added. On the contrary there is only 180 types of traditional currencies in the world.
I also mentioned, that governments can limit the use of cryptocurrencies any time by illegalizing the exchange of cryptocurrencies to real money. And if that happens all cryptocurrencies will be worthless in a blink of an eye.
I don’t want to get into new ideological debates. I just want to place Bitcoin amongst all the hype into the world’s financial traffic. Where does Bitcoin stand compared to the current world’s financial traffic and does it look like a bubble? Will it really change the world’s financial system and will it really change the old technologies?
Bitcoin’s total market cap was 15,49 billion dollars on 2017 January the 1st and what’s at least as important is that the daily traffic volume was 92 million dollars.
https://imgur.com/a/kI0Ru Bitcoin’s current market cap (17 thousand dollars) is 289 billion dollars and the daily traffic volume is 12.135 million dollars so the daily traffic grew 131-fold since January the 1st.
One of the world’s biggest bank - the Bank of America’s - market cap is also 300 billion dollars and that is accompanied by 2,228 billion dollars worth of assets which gives one of the basis of the actual evaluation. Bitcoin has zero assets. Bank of America every four months (!!!) profits 22,3 billion dollars and one fifth of this is net profit. The profit of Bitcoin is zero and the net profit of Bitcoin is also zero.
Europe’s 16th biggest economy, Finland has a yearly GDP of 236 billion dollars.
If Bitcoin’s market cap doubles again, it’s market cap will be equal to Hungary’s, Ukraine’s, Slovakia’s, Luxemburg’s, Croatia’s, Bulgaria’s and Latvia’s GDP all together. Or at least on paper. (Of course the actual BTC's market cap and the GDP is very different, but i guess you can still feel the nonsense in this)
People make 337 thousand daily transactions with Bitcoin.
Just Visa alone makes 468 million transactions per day and this is just a tiny slice from the total world’s transactions.
The SWIFT system which is used by banks to make international transfers even 12 years ago made 5 thousand billion dollars worth of traffic. Daily.(!) The similiar Fedwire payment system which works in the USA had a daily traffic of 2,1 thousand billion dollars, the CHIPS had 1,4 thousand billion dollars. And these numbers are 12 years old so you can easily double them to get to the present numbers.
And this data is only of three clearing houses out of a dozen! All the national clearing houses in total can have multiple hundred times more traffic than these ones.
Even if we would like to use Bitcoin for just one tenth of the traffic of Visa we would soon have to store a few gigabytes then terabytes of data for each Bitcoin. The whole electricity generation and bandwidth of the world wouldn’t be enough if we would want to manage and transmit this much data constantly. (Even now the Bitcoin network uses more power than Bulgaria. The investors who mine Bitcoin spend money mostly on video cards and electricity. The biggest benefitors of Bitcoin are the chinese electricity providers and the video card companies. Even a whole bank system doesn’t use this much electricity and they execute multiple hundred thousand times more transactions than the Bitcoin’s network.)
The technology is unsuitable for microtransactions. There are cryptocurrencies which are suitable for this but what will happen with you investment in Bitcoin when everybody starts to use one of these currencies?
The future of the blockchain technology is completely different from the future price of Bitcoin which currently is just one out of 1324 cryptocurrencies and for which you paid a bunch of money. Somehow the people who kick back and leave their future on the price of Bitcoin don’t want to understand this.
Just so you understand: I don’t argue whether or not blockchain technology (which is used by Bitcoin too) will be used in the future financial system. I argue whether or not one Bitcoin values 17 thousand dollars or even one dollar as a matter of fact.
Do you think there will be a single bank which will choose exactly Bitcoin when it wants to switch to this new technology when Bitcoin is a completely unsuitable candidate? Or do you think that the bank will choose another cryptocurrency? Won’t the bank simply make its own one?
The total value of all the dollar bills in circulation is 1,59 trillion dollars or 1590 billion dollars. If we look at the M3 (unbounded money in bank accounts, bills etc.) instead of only the bills we get 11 trillion dollars. But even this is only a tiny bit compared to the total assets in the american economy which is 220 trillion dollars.
The daily size of the forex market is (!) 5.100.000.000.000 dollars.
So think again when you see numbers which suggest that Bitcoin is the future. I wrote these numbers just so you can get a sense of the big Bitcoin which is about to knock down the world’s banking system. Just so you can understand the big Bitcoin’s place in the financial food chain.
I’d also like to talk about a common misconception. Many people think that the value of Bitcoin comes from the fact that it’s very expensive to maintain. The mining is expensive.
This is called an expense and it has no relation to value whatsoever. Things don’t represent value because they are costly to maintain. This is exactly the opposite of value. The more expensive is something to maintain the less valuable it is. Companies which have small costs value more than companies which have big costs with the same profits.
There’s an old trick in the stocks market called pooling. A few scammers organize into a pool, they choose a smaller stock and they start to trade amongst each other with higher and higher prices. They just have to be careful not to catch attention. They have to increase the price gradually and slowly and the pool has to be big enough in order to stay undetected.
When the whole world goes crazy because of the huge gains on the pooled stock and when everybody wants to be a part of the miracle the pool quietly sell the whole stack of stocks and disappear.
The “investors” which are driven by greed don’t even care about the fact that the evaluation of the stock flied far above the actual value of the stock. How much simpler is this whole move when the given thing doesn’t even have a quantifiable value to which you can compare it to? Bitcoin is exactly like this.
I wonder how are Bitcoins divided amongst the wallets? Could you drive up its value by getting into pools? You can’t drive up its value because it doesn’t even have any inherent value. The value of Bitcoin only comes from the people who are willing to pay for it. Bitcoin only has a price because people want to look at it as money even if it cannot function as money.
The american dollar will have value until the United States exists and its government collects taxes in dollars from the world’s biggest economy and it pays its payouts in dollars. And if someone doesn’t want to pay the requested taxes in dollars the government has the power to imprison the person.
The expression of total financial ignorance is when the believers of Bitcoin state that the real currencies are also based on nothing. The real currencies are just paper too without any value.
Every real currency is backed by real value: the given country’s economy, assets, government, tax system give real value to the real currency. No cryptocurrency can present anything like this ever because cryptocurrencies are made out of thin air.
Real currencies can function exactly because of this: because they have value too not just a price. This is why they can be a store of value, this is why they can be accepted in trade. Because tomorrow they will be worth just as much as today. They’re not just empty ping pong balls which are moved based on the needs and wants of the buyer. Potentially 10-20% per day.
(Just for the sake of the smartpants: of course after world wars a real currency can lose value too just like how the syrian fiat lost value too when the value was essentially bombed out of it. The country’s economy collapsed and half of the taxpayers died or fled out of the country. But even this shows exactly the fact, that the price of the currency changes if the inherent value changes. And also the the price of the safety fiats (swiss franc) can be pumped up if investors are panicking. But we only know that their price is high compared to what their value is because it has a value.)
Just because I invent the Reddit coin and create a lot but finite real physical coins it won’t be a currency which has value. Not even if the coins are unfalsifiable. Not even if there will be people who are willing to pay real money for my coins. Not even if other people realize that they can make coins just like me any time (that’s why there are already 1324 types of cryptocurrencies on the market) It won’t be real money even if following the current trend I create this Reddit coin as a cryptocurrency. Money doesn’t become money because I say its money. Neither does it become money because other people believe its money.
But let's take a look at the bitcoin wallets amongst the investors:
https://imgur.com/a/WN163 So basically
97,2% of the wallets doesn’t even own a single bitcoin! And 55,5% of the wallets doesn’t even contain 0,001 bitcoin! Of course a wallet is not necessarily a person but its apparent that there are many small fish in the sea of Bitcoin. It's good to know this when you read all the comments from the people who try to defend Bitcoin no matter what. Most of them don’t even own 700 bucks worth of bitcoin but they will become rich for life from this investment.
0,01% of the investors - 1.677 people own nearly 40% of the total bitcoins available. (Or it may be that these 1.677 wallets are owned by one person or twenty. We can’t even know that) but even 85% of the total bitcoins is in less than 1% of the wallets. In stocks lingo this is called a low free float.
These people are the ones who manipulate the prices however they want it to. But of course they don’t want it to because why would they want such a thing? The prices are rising just because Bitcoin is the future.
If Bitcoin wouldn’t be the Holy Bitcoin it would be simply called a Ponzi scheme. How does a Ponzi scheme look exactly? They build up a system which is new, which is alluring and about which people can believe that it’s the future. From this you’ll become rich. If you pay enough money now then you’ll be the part of the money rain too. Until more people are buying in than out the Ponzi scheme works great. Nobody realizes that there’s nothing behind it. Just the money of the depositors gives it value.
Bitcoin is genial because it never even stated that there is some sort of value behind it so you can’t even expect it in the first place. Until more people want to put money in than out the price of Bitcoin will rise. I’ll say this again Bitcoin is alive because people want to treat it as money. “This is the money of the future, you are lagging behind if you don’t understand this. Why do you try to find the inherent value of it and the evaluation of it? You are an old prick who has no clue. This is a new world. Deal with it. You have to just believe this and don’t ask any questions.” Do you know how many times have I heard this from the faithful “investors” of the kairos, sidetalk, emgoldex ponzi schemes?
A lot of people wait a lot from the december 18th stock appearance of Bitcoin but it can bring more bad than good. If the big speculators start to go hard on it they can double the price or drag it down to 0 within days. It's rather easy for them because there is no value behind it. Just a price tag. If the British Pound was attacked what do you think what will they do with Bitcoin? Here there is no national bank which will change the interest rates or pull other tricks from its sleeves to defend its own currency from falling or from a rising. Also here the investors won’t be able to say that a bitcoin is definitely worth more than this or not because the whole english economy is not behind it so they don’t have a guide for its inherent value. If Bitcoin was volatile so far you can prepare yourself for even bigger storms.
You think whatever you want and you pay money for whatever you want. You know what? Even I’m telling you that knowing the madness, dumbness, and greed of people it is not unimaginable that Bitcoin will rise to 150 thousand dollars within the next year. But not because its value is that much but because there are too many greedy people who feel like they were left out of a great opportunity but it's not too late to jump in.
But also don’t be amazed if its price will be 1 dollar again.
submitted by FOREX-Dollar licks wounds as tight U.S. election dims quick stimulus hopes. Read full article . Stanley White. November 5, 2020, 4:57 PM · 3 min read * Graphic: World FX rates in 2020 https ... easyMarkets is an award winning online forex and CFDs broker providing access to more than 300 global markets to clients from over 160 countries. The Company was established in 2001 as easy-forex and is headquartered in Limassol, Cyprus with offices in Shanghai, Sydney and Warsaw. It is... And so began the story of an amazing beginner forex trader, who had an incredible string of luck and took his forex trading account up to $1 million with just 40 trades. That’s 1 million dollars . He then lost it all and in this article, you will know how it happened including the trading system used to do that… Million Dollar Pips is programmed to trade on the 1M chart. It has an extremely tight stop loss to protect your investment. It uses a simple combination of an indicator and price action to detect and scalp mini breakouts using machine speed with smart trailing techniques. Million Dollar Pips has an excellent profit rate, plus very high number of trades, it uses risk diffusion. FOREX-Dollar licks wounds as tight U.S. election dims quick stimulus hopes . Read full article. Stanley White. November 5, 2020, 4:57 p.m. · 3 min read * Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E * Dollar falls broadly as yields fall, equities rally * Currencies price in low chance of big U.S. stimulus * Australian dollar falls after RBA statement By Stanley White TOKYO, Nov 6 ... Million dollar kick goes horribly wrong Aug 31st, 2013. F Share T Tweet Q SMS W WhatsApp B Email G J Tumblr L LinkedIn. Aug 31st, 2013. A competition winner has fluffed his chance to win one ... Operating in the “million dollar idea” mindset can be very frustrating, because you have the desire to become financially independent, but you’re going nowhere fast. So, when it comes to making a million dollars let’s take a look at scale. And, for the purpose of our thought experiment, we’re going to combine the idea of scale with the concept of 1,000 true fans. Let’s say you come ...
Please Like Share & Subscribe to my channel Follow us on Instagram here @FXSocialEA Subscribe to new youtube www.Youtube.com/FXSocial Information on our memb... The 4 forex strategies that every trader should know ! 🚨🚨Trading Performance 🚨🚨 Improve Your Trading Performance at our Fundamental Trading Academy https://w... free telegram: https://t.me/joinchat/AAAAAEnjjVkUHpUyJyV6Xg This telegram will give free information. Free life tips. Free encouragement. Free trading setups... A lot of people have been WAITING for this video to drop. I've previewed a few pieces of it during the creation on Facebook and Instagram. I should've record... Most trades have a completely inaccurate view of the potential of Forex trading income as an investment. Investing time and Money in Forex Trading. An Honest... This video shows the full live stream video where our finalists competed to win first place. Live spectators joined us in the final show where our traders we... Copy My Pro Forex Signals For FREE today! https://WWW.FXLIFESTYLE.COM FOLLOW MY FACEBOOK https://www.facebook.com/fxlifestyleteam ADD MY SNAPCHAT FX...
