| The banks are playing a new game with crypto. |
| If you have been watching the crypto markets (not just BTC), you have seen the volatility. You have seen the sudden crashes, the regulatory threats, the “FUD” (Fear, Uncertainty, and Doubt) pumped out by the mainstream financial press. |
| They want you to believe crypto is dangerous. They want you to believe it is “unstable.” |
| They are lying to you. This isn’t about safety. It is about a $6.6 trillion war against crypto. |
| Here’s what’s really behind the volatility in crypto assets. |
| Right now, U.S. banks are sitting on roughly $6.6 trillion in customer deposits. These are your savings. And what do they pay you for the privilege of holding your money? 10 basis points. That is 0.10%. |
| It is the greatest arbitrage racket in the history of finance. It is free money for them, and negative real returns for you. |
| While you earn 0.10% on your bank deposits, inflation is currently at 3%. That means you’re losing 2.9% every year in purchasing power by parking cash in the banks. Over 10 years, that compounds to a 25% loss in purchasing power for you. |
| Meanwhile, at a minimum, the banks are making $200 billion per year on that money, risk-free. |
| That’s why, over the past few months, they’ve waged a war against a crypto bill that’s pushing its way through Congress. The Digital Asset Market Clarity Act seeks to finally bring some clear rules and regulations to the crypto market. It is a long-overdue piece of legislation. Once it passes, it will create the regulatory foundation upon which an entirely new crypto ecosystem will be built. It’s difficult to overstate how important it is for the development and further commercialization of crypto. And the banks are terrified of this bill. Why? Because it legitimizes stablecoins. Let me explain… The bill is supposed to provide “regulatory clarity” for stablecoins (digital dollars). But hidden inside the latest draft of the CLARITY Act is a provision that the mainstream press is ignoring. It’s called Section 404. The original bill banned stablecoin issuers (like Circle or Paxos) from paying you interest. But it left a “loophole”: It didn’t explicitly ban exchanges (like Coinbase or Kraken) from passing that yield on to you. A stablecoin is simply a digital dollar. But unlike your bank account, stablecoin issuers are eager to pay you the 3.6% they receive from the Treasury bills they hold backing the stablecoins they issue. They are happy to do this because they want to accumulate market share. Think about that. If you could move your savings from a Wells Fargo account paying 0.10% to a digital account paying 3.6%… safely and legally… would you keep your money in the bank? Of course not. You would move it. And that is the nightmare scenario for the banking cartel. If that $6.6 trillion leaves their vaults, a huge chunk of their business model evaporates overnight. So, they are fighting back. On January 5th, the American Bankers Association (ABA) sent a letter to the Senate. In it, they dropped the fear hammer. They claimed that if this “yield loophole” wasn’t closed, it would siphon $6.6 trillion in deposits away from community banks. They wanted us to believe it had nothing to do with the $200 billion a year in risk-free profits they were going to lose. Yeah, right. I’m sure the bankers are losing sleep worried sick over all the small businesses that won’t be able to get credit anymore. They are doing what they did in 2017-2018. They are manufacturing fear to scare politicians into voting their way. They are muddying the waters to make you scared of the alternative system, so you stay in the old one. This regulatory “tug-of-war” is creating massive waves of uncertainty in crypto prices. One day, the bill looks like it will pass; the next day, a Senator threatens to kill it. Eventually, bitcoin and crypto as a whole will overcome this obstacle, just like they’ve overcome every obstacle they’ve ever faced. But that might not happen until later this year. And between then and now, we could see even more volatility in crypto. I’ve brought this to your attention because I believe this regulatory overhang is a big reason why bitcoin is lagging gold. Think of it this way: When faith in the dollar is questioned (U.S. government solvency) and faith in the future is attacked (bitcoin), capital flees to the only neutral ground left. And that neutral ground is gold. I am not telling you to buy gold coins and bury them in your backyard. That is a defensive move. What I am saying is that this “Secret War” on crypto is creating a massive offensive opportunity in the gold market. The bankers who pull the strings in the corridors of Washington are waging a “Secret War” on crypto. Eventually bitcoin will win, like it always does. When that happens, capital will stampede back to the most explosive monetary asset there is: bitcoin. |
Banks Keep Lying About Crypto
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the crypto bros got so excited when the big boys pushed and got crypto ETFs, even Ed was excited.
go back and find my comments then and i told you exactly what would happen. theyd pump and crash it… and look what happened.
ETF allows massive fuckery, ive watched it in gold n silver markets ever since i took interest in it so it was a pretty easy conclusion to reach when they fought tooth and nail for the btc ETF.
add in the banks fear on missing out and viola you get a shit storm. and if this dosent work theyll just lobby govts worldwide to heavily regulate and mandate that the big banks have to control crypto too…. they decentralise it, then charge numerous fees etc like they do on fiat money, theyll probs print trillions too.
I don’t know much about crypto but if the coins are backed by Treasury notes how are they any better than holding the notes directly?
only a small few of the massive crypto ponzi are backed by treasuries… and the world is slowly ditching US treasury bonds cuz theyre now viewed as a liability and the usa is slowly going down the shitter with erroding global economic dominance.
if they got heavily regulated i dont think they would get linked to treasuries either unless its a full blown cbdc… and thatll be the ultimate goal i guess
Crypto is unstable because it was controlled by the Big Banksters and their AI in the first place.
Big Tech, Big Pharma, Big Banksters….
No-one knows the inventor of bitcoin. Satoshi Nakamoto is 151% likely to be a pseudonym. What is in a name? A Japanese name projects honour, trustworthiness, traditional yadda yadda yadda.
The narrative is that Bitcoin is “marketed” as a currency, by those that invest in it. As an investment it increases in “value”. If it decreased in value over time, no-one would buy it. Because it has no intrinsic value, those who invest in it, do so because either in the short or long term, because they hope to sell it for more than they paid for it, or simply get more back than they put in, in real terms. All ponzi scams have that idea as bait.
It is marketed as a way to get rid of banks. If it was invented by J P Morgan or the CIA would people still buy it?
In general money was a promissory note for something of intrinsic value. Salt, silver, Gold.
The US Federal reserve (Big Banksters) hijacked the US Banking systems. Then they removed the gold standard, and the silver standard in the UK.
Bitcoin goes further away from the concept of money/currency (which is what “Bitcoin” is), being backed up by something of intrinsic value. Why would the Banksters be afraid of something they can easily manipulate?
If I had Billions at my disposal invested in hundreds or thousands of Bitcoin accounts, all managed by AI, I could shift the Bitcoin price up and down like is happening, by issuing sell orders when it is high, and buy orders after it drops. Just like the Banksters do on a regular basis with international exchange. Just as Microsoft did with its own shares, buy and selling them through various brokers. When the value changes by 50% in a few hours, trillions of dollars have changed hands. All triggered by the big boys.
And there are people positioned on Bitcoin blogs, imploring regular people to buy “hold” Bitcoin in order to become billionaires. Who are these influencers?
Musk says that Energy, not fiat money, is the greatest store of value. With the increased demand of energy, water, and chips, AI companies are buying up energy companies, at the same time as useful idiot marxists are shutting down energy production such as coal, gas, petroleum, around the world, stopping hydro and gas production, in order to create energy scarcity.
Bitcoin is a ponzi scheme, a con. A very long con. And it is only possible because people get sucked in, as they do with all ponzi schemes by the idea of getting rich without having to earn it.
Chain letters, Investment scams, Socialism, Indigenous land payouts, colonisation payouts, Climate Change scams, Pandemic scams, Vaccine scams, Tulip mania, Bitcoin, AI scams, the list is long… All these are cons pr Ponzi scams.
Even Musk, who silently ditched his Bitcoin some time back has this to say:
https://finance.yahoo.com/news/elon-musk-finally-speaks-bitcoin-122846382.html
Bitcoin has dozens of red flags, at financial, philosophical, political, software, system and technical levels.
In the Scientific Method, you only need one anomaly or unanswered question, to raise a red flag. Bitcoin has dozens and dozens of anomalies and unanswered questions.
But what would I know? All I have is a very keen eye, a life long understanding of science, analytics, and building systems. I predicted in early Dec 2019, a very dirty Labour election in 2020, after Robbo started borrowing billions, with no budget for the money, which as we now know was a stockpile for the artificial pandemic and lockdowns they knew was coming.
And while we were locked down, all sorts of marxist laws were passed under urgency, and billions and billions of dollars siphoned out of NZ, with loot being stuffed in every nook and cranny, and given to every crook and nanny, over priced public expenditure, etc. The coalition didn’t just inherit a broken economy, they inherited the remains of multiple money heists.
And National refused to reverse or even remove the 1000,s of Wellington DRONGOS installed by ardern such savings would help fund health etc
Most health funding is not funding health. It is funding Big Pharma.