By Chris Black
“We can guarantee cash, but we cannot guarantee purchasing power!”
-Alan Greenspan to the United States Senate Committee on Banking, Housing, And Urban Affairs, February 16, 2005
The Bad Orange Man on Monday kicked bitcoin in the face for no apparent reason, triggering the biggest sell-off yet.
TRUMP: Bitcoin, it just seems like a scam. I don't like it. I want the dollar to be the currency of the world. pic.twitter.com/CXjALsJmXx
— August Takala (@AugustTakala) June 7, 2021
Bitcoin, it just seems like a scam … I don’t like it because it is another currency competing against the dollar. Essentially, it is a currency competing against the dollar. I want the dollar to be the currency of the world, that’s what I’ve always said.
dixit Orange Hitler.
Now, one can ask: ok Chris, but where’s the lie? ☺
Some argue that Trump, as a failed president , has no reason to go on live TV on Fox Business and demand that the FED with its incessant money printing, maintain dominance over the global financial system.
After Trump’s statement, bitcoin dropped approximately 10 percent, but it has recovered partially by now. The entire crypto market took a hit, as it went down more than 8 percent on Monday night.
It’s interesting to see how Trump “works”, as he’s the main enabler of the “stonk” fraud in recent years. Trump said yesterday that “he isn’t invested in the market cause it is too high”.
Okay, but this is the same guy who tweeted non-stop for 4 years to make the markets go up.
Now he is back to his “the market is a big fat ugly bubble” routine.
So, when was Donald Trump telling the truth? Before the election in 2016? During his 4 years in the White House?
Is he telling the truth now, after his second mandate was stolen via massive voter fraud and we ended up with Leslie Nielsen in the White House?
If you ask me, the answer is pretty straight forward: yes, the stock market is in a FED fed bubble since 2010 (QE infinity, corporate stonks buybacks etc.), and bitcoin is a massive Ponzi scheme.
I have written extensive articles about that topic (BTC that is), you can find them on the site if you really want to get mad at me.
So, I think that Trump was telling the truth before he became president, and after he lost the election.
Because while he was president, he was totally controlled by the deep state/the cabal/the globalists or whatever you want to call it.
So here’s the deal: the FED is now fully engaged in destroying the US dollar via mass money printing.
Trump is playing an interesting role as controlled opposition, as he is attempting to make Americans believe he will get back in power in 2024, using the exact-same corrupt electoral system that robbed him of his election in 2020.
Interestingly enough, Trump’s comments on bitcoin are in sync with the Biden admin push to attack crypto currencies using the recent ransomware attacks as a reason, i.e. crypto is used by criminals/cyber terrorists and so on.
I don’t believe that crypto currencies can be used as a hedge against a collapsing dollar.
If crypto was a threat for the international money-elite, they would’ve banned it by now.
I think that bitcoin has CIA/deep state written all over it and it’s just a tool used to lure the masses in embracing digital money and ditch fiat “paper”. The future has “cashless society” written all over it, because when all the money is digital and you have a chip implanted in whatever useless part of your body, where all your health/financial information is stored, there goes your liberty, and you’re certified cattle (goy).
So, I think that if/when the dollar goes, crypto as we know it goes with it.
And the people in control of the US government’s money policies are committed to printing infinity money until the dollar goes the way of the dodo.
Truth be told, they broke the fiat system years back. America is now a nation of credit addicts and the political theatre before you is just an attempt to obfuscate the truth.
Powell won’t stop until America is one huge tent city.