Monitoring the Crypto Bubble

Where do you think we are in the crypto bubble?

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I was sucked into the BTC etfs awhile back but I've never been married to that stuff.

In fact I treat it like a girlfriend I cant stand and I just use her for what I want.
She's so easy!

How can people not watch Btc? Its kind of fascinating!
 
Haha.
We can probably all agree its basically a 112k share of Venmo but not as good, that doesnt even pay cash back when you use it.

You're just as well buying the etf and your only out 50 bucks
 
JohnnyBravo300 said:
You're just as well buying the etf and your only out 50 bucks
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The ETF certainly suits some investors more than actually holding the real thing.

What is not up for debate is that some people will die before they even entertain the notion that BTC has any value. And that's fine with me, I just wish they wouldn't trot out the same tired arguments as to why they don't like it.

Edit to add: and I don't even know what Venmo is.
 
I smell a RAT !

BTC & Crypto was portrayed buy the GOV as the currency of the " Dark Web/Criminals/Money Laundering/Drug Dealers/Arms Dealers/etc ".

Then BTC & Crypto was " Allowed " when some frameworks were enacted.

Now the GOV is going to have a " BTC Reserve ", wanting it to be the LARGEST in the world ( RED FLAG ) .

The President & His Family are issuing their own " Coins " & are building a Crypto EMPIRE for themselves ( HUGE RED FLAG ) .

Now with GOV's total Backing/Support/Involvement/Regulation what's changed ? BTC & Crypto haven't changed. The GOV has changed the game & whenever the GOV changes the game & rules, its rigged & they will win. ( how do u think congress people have become multi-millionaires on just a Government wage ? Example - Nancy Pelosi ( Rep. Nancy Pelosi, D-Calif., has an estimated net worth of $267.6 million based on her holdings in companies like Apple, Microsoft, Amazon, Google and Netflix, according to Quiver Quantitative ) has year after year been the USA's top share trader - Congress writes the games rules )

Now I smell a HUGE steaming pile of dead, maggot infested, stinking RATS !

The Government ( is just the front for the Banking Families, that behind the scenes, are the real Power & Control ) NEVER allows anything that they don't have Power & Control over.

Watch David Webb's " The Great Taking " & u will understand the you now have NO OWNERSHIP of ANYTHING that is not in your physical possession. Even then, if the item ( house, car, furniture, etc ) was ever financed at any time, it's still subject to seizure.


EVERYTHING on the internet is observed/recorded/stored. That's why the MASSIVE expansion of DATA CENTERS. They are watching & collecting EVERYTHING on the Internet. BTC & Crypto is just more Data. AI will turn that Data into " Power & Control ".

I'm not saying that while the Game is being played that u can't make money ( currency ) from BTC & Crypto. But when " They " decide that it's time to end the Game & pull the Rug. It will be at their timing & to their advantage. They WILL be the winners.

Example -

It's a LIE that the USA has never defaulted on it's DEBT. In 1971, when Nixon ( President of USA ) cancelled the convertibility of US $ into Gold, that was a DEBT DEFAULT ! Nixon just changed the Money rules, during the game ( Brenton Woods ) to suit the USA & made themselves the winners & the losers just get to keep their increasingly WORTHLESS pieces of $ green paper ( Bonds )

;)
 
SKULL said:
Now the GOV is going to have a " BTC Reserve ", wanting it to be the LARGEST in the world ( RED FLAG ) .
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How is it a red flag that some governments want to establish strategic reserves? The US has a cheese reserve, it's got gold reserves, vaccine reserves, crude oil reserves yet establishing a strategic BTC reserve is seen as a red flag?

SKULL said:
Even then, if the item ( house, car, furniture, etc ) was ever financed at any time, it's still subject to seizure.
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BS.

SKULL said:
But when " They " decide that it's time to end the Game & pull the Rug.
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So explain to me the specifics of how the government will go about pulling the rug on crypto (in your own words not some link to some fringe conspiracy theorist).
 
mmm....shiney! said:
How is it a red flag that some governments want to establish strategic reserves? The US has a cheese reserve, it's got gold reserves, vaccine reserves, crude oil reserves yet establishing a strategic BTC reserve is seen as a red flag?



BS.



So explain to me the specifics of how the government will go about pulling the rug on crypto (in your own words not some link to some fringe conspiracy theorist).
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AHHH, a true believer.

No evidence shall turn u.

The light in ur eyes is not the on rushing train, it's but enlightenment.

Enjoy ur belief.
 
SKULL said:
AHHH, a true believer.

No evidence shall turn u.

The light in ur eyes is not the on rushing train, it's but enlightenment.

Enjoy ur belief.
Click to expand...

When you provide valid evidence and actually answer questions we can probably chat further.

While you post links from tinfoilers then I guess we leave it here.
 
mmm....shiney! said:
How is it a red flag that some governments want to establish strategic reserves? The US has a cheese reserve, it's got gold reserves, vaccine reserves, crude oil reserves yet establishing a strategic BTC reserve is seen as a red flag?



BS.



So explain to me the specifics of how the government will go about pulling the rug on crypto (in your own words not some link to some fringe conspiracy theorist).
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REALLY ! Just look around :eek: the Gov has " Fucked Up " everything it's involved in. AUS is no better. It's the same here. The Gov fucks up everything it gets it's greedy grip on. Eg, AUS Gov sold of the rights to " ALL " east coast Gas. At the time Gas was cheap & the Gov was getting a royalty from the Gas. But gas prices have skyrocketed & under that contract the AUS consumer has to buy the gas at world market price. Which has gone more than 4 X. I have a gas heater in my lounge. I went & brought an electric heater as it's 1/3 of the cost to run instead of the Gas. Our own Gas & we can't afford it because of Gov STUPIDITY ! Student loan debt has turned into a disaster here, just as with the USA, because of Gov involvement.

" RESERVE " is laughable. Eg, Biden sold of the " Oil Reserve " for his own political whim. A TRUE reserve is held by the people. Like ur Guns. The Gov can't sell of ur reserve of guns, because it's in the people's hands. ANYTHING in Gov hands/control is not a reserve, it's theirs's to do with as they please, not for u to decide. ( That's why u will NEVER see an AUDIT of Fort Knox. The Gold has been used by the Gov & most is probably gone )

I can tell by ur comment that u never watched " The Great Taking " because Webb goes into detail & explanation of how most of ur property can be seized.

Simple to explain - Anything u buy/brought thru any type of contract/invoice has Financialization potentially attached to it.

Eg, a car dealership needs money. So they get a loan using the cars on their lot as collateral. Next week u walk in & buy a car with cash ( u now think the car is outright ur's :oops: ) & drive the car away. Next month the dealership goes broke/bankrupt. The Financial Backer/loan provider ( to the dealership ) now calls in the collateral on the loan, because the money that was borrowed has gone/spent. So a call on collateral, That would be ur car. But u say that u have a bill of sale, yes u do, but the financier of the dealerships loan has a legally enforceable contract & ur car is legally theirs now as it was used as collateral. Under law the Dealerships Financier has 1'st priority to collect the collateral that was used on the loan. So they repossess ur car as is their Legal Right.

That legal rule of 1'st right to possession has been tested & enforced. Even though u paid cash in good faith & have a Bill of Sale, legally the financier is 1'st in line to claim/repossess any asset/s used as collateral on a loan taken out by the dealership. I have seen this in the town I live in. A local Building Society went broke/bankrupt. The Financiers behind the building society called in the loans if u couldn't pay, they seized the collateral/assets that were put up for the original loans. 100's of people lost everything they had :(

That's how 10's of 1000's lost their homes in the GFC. Their home loans were packaged up in MBS ( mortgage backed securities ) & sold of into the Financial market. If the holder of those MBS goes bankrupt, the MBS's are seized as collateral, by the Financial Backer of the MBS holder. The financial backer of the MBS holder ( holder is now bankrupt ) has the Legally Enforceable Right to seize all of the assets within that MBS. So the home owner, who has been making his mortgage payments for years gets a notice to vacate as the Financial Backers is enforcing his legal right to the assets within the MBS. So out goes the homeowner with no compensation & no rights to the property.

If u think BTC & Crypto aren't part of this " FINANCIALIZATION GAME " ur delusional. People can be accused of fraud/criminal/received from/proceeds of use of Crypto. I have heard the " but mine is in a secure encrypted wallet that only I can access. Tell that to the people in jail because they were ordered to hand over their Crypto. They said no. The Judge said " well u just sit in jail then till u had it over ". That's why the Bankster's/Gov hate Gold/Silver. Because it's an unencumbered asset in the peoples hands. If u have it in a Vault, u are at the same risk of having it seized, because it may have been put up as collateral by the Vault owners.

That's the " GAME ". Encumbered assets that can be seized because, unknown to the asset holder, the asset has been encumbered LEGALLY by someone/organization/company/business/etc, that the asset holder is totally unaware of.

These " Legally Enforceable Rights " have been tested in the courts & upheld. The Bankster's/Financiers are always on the hunt for more collateral/assets. Do u really think they would just turn away, from the now Trillions of $ in the BTC/Crypto markets & leave all those asset off the table ? ?

The Bankster's/Gov hate places like Silver Stackers because Gold/Silver is brought & sold with no " Financialization " ( contract/invoice ) so unencumbered/unaccountable transactions. The can't get their greedy grip into this private market.
 
So the government has a plan all along for BTC, which will somehow end up with them doing a rug pull (despite the fact that they can't) yet the government always fucks everything up so the rug pull won't happen and somehow your logic is meant to stand up?

SKULL said:
I can tell by ur comment that u never watched " The Great Taking " because Webb goes into detail & explanation of how most of ur property can be seized.
Click to expand...

I'm not going to spend over an hour of my life listening to some bloke talk BS. As far as the rest of your post goes about encumbered assets, gold, silver, crypto etc, it's a rambling wall of nonsense fed paranoia.
 
mmm....shiney! said:
So the government has a plan all along for BTC, which will somehow end up with them doing a rug pull (despite the fact that they can't) yet the government always fucks everything up so the rug pull won't happen and somehow your logic is meant to stand up?



I'm not going to spend over an hour of my life listening to some bloke talk BS. As far as the rest of your post goes about encumbered assets, gold, silver, crypto etc, it's a rambling wall of nonsense fed paranoia.
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Ahh, the old - " I won't waste my time on something ( that may refute my beliefs ) & I think u spout BS because, because, because, reasons ! " o_O

If u really want to waste 2hrs & 43minutes ( & just maybe get educated along the way ) u could watch Tucker Carlson's interview with " Richard Werner " ( don't freak out, Tucker speaks for only about 5 minutes ) Werner gives an accurate & factual, step by step, review of the Central & Banking system. Werner has impeccable credentials as a Central Bank insider.

( Professor Richard A. Werner, born in Germany in 1967, holds a First Class Honors B.Sc. in Economics from the London School of Economics and a doctorate in Economics from the University of Oxford. In Tokyo, he also became the first Shimomura Fellow at the Research Institute for Capital Formation at the Development Bank of Japan. He was a visiting researcher at the Institute for Monetary and Economic Studies at the Bank of Japan; and he was a visiting scholar at the Institute for Monetary and Fiscal Studies at the Ministry of Finance )

I will ask u a Question: - Who creates the money that runs the World Economy ?

If ur playing " The Game " u must know the rules. Ur answer would be most revealing !

:cool: Debate is good for the Soul ;)
 
SKULL said:
Ahh, the old - " I won't waste my time on something ( that may refute my beliefs ) & I think u spout BS because, because, because, reasons ! " o_O
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Brandolini's Law.

SKULL said:
Who creates the money that runs the World Economy ?
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Sovereign nations that issue their own currency either by issuing Treasury debt, or if given the authority by Parliament the private banking system when it creates loans and Central Banks.

Edit to add: and if you can educate me on the topic I'd be suitably impressed, but somehow I don't think that is going to happen.
 
mmm....shiney! said:
Brandolini's Law.



Sovereign nations that issue their own currency either by issuing Treasury debt, or if given the authority by Parliament the private banking system when it creates loans and Central Banks.
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( Nations, Banks, Central bank, u forgot the counterfeiters, lol ) throw them all in hey - 1 of them must be right :p

Ok, now I understand :D
 
mmm....shiney! said:
I'll simplify it for everyone, all 3 institutions create money under legislative authority.
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In a FIAT MONEY System -

PRIVATE BANKS - are the creators of Money ( they are now given special license to do so. That's to give the appearance that they are regulated, lol )

The Central Bank is just a private bank for Private Banks ( the Fed is owned by the 12 Regional banks, who are themselves owned by individual share holders, the BANKSTER FAMILIES ) Gov just takes the money ( Tax ) created by Private banks & Bonds that the Gov sells are brought with money created by Private Banks.

So the Bankster Families have the real Power & Control of practically everything because they control the creation of money, how much & where that money is directed. If U, Ur company, Ur industry is out of favor & the Banks decide, no money for u - ur FUCKED.

So a collection of Private Individuals & Private Families ( that own the banks ) decide & control ALL MONEY.

So if these Private Individuals & Private Families decide that something like say, " Crypto Currencies " are no longer permitted in the Market Place, do u really think that a " Rug Pull " is beyond their reach ?

The words may have come from the Gov, but it's the Private Banks that have the Power & control to " STEAL " $350 BILLION from Russia in a heart beat. They are the Banking System. U really think they couldn't Rug Pull Crypto Currencies if the decided too ? ;)

:p
 
How money is created:

Treasury issues debt in the form of bonds to generate revenue the government uses to fund expenditure. Governments then credit the accounts of businesses, other governments or departments or individuals when it spends for services rendered/welfare payments.

Central banks create money when they create reserves, this money does not generally leave the banking system.

Commercial banks (private banks) create money when they create loans and credit account holders.

If you want to talk about the US then The Fed is a conglomeration of regional banks as you say, but they are not privately owned by any family or individual however, to suggest otherwise is a fallacy. In Australia the RBA is owned by the government.

As far as crypto goes I'm really only interested in BTC, the government cannot "rug pull" it because it's decentralised. I've asked you before to explain how the government could do a rug pull on BTC and you haven't explained the process.
 
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