What’s going on with cryptocurrencies?
If you’ve been watching the news lately you have noticed that Bitcoin has been going down, while other currencies like Dogecoin have been going up.
There’s a lot of volatility in the markets for cryptocurrencies.
Elon Musk has been promoting Dogecoin.
People like Charles Munger and Warren Buffett of Berkshire Hathaway have publicly denounced Bitcoin.
What’s going on?
What’s going on is that Bitcoin is threatening fiat currency.
Fiat currency is what we live under now.
Under fiat currency, the government can print up US dollars whenever they want to finance wars and government programs.
The problem with fiat currency is that it gives a disproportionate share of the printed money to the wealthy who own Corporate America.
Thus fiat currency lessons your share of America.
It’s called fiat currency because it can be printed on decree. That’s what fiat means. For example during WW II, Mussolini would issue a fiat; he ruled by official decree. Whatever he said became law.
Likewise, the elites who rule our government can print up money by official decree and then give a disproportionate share of it to themselves.
Bitcoin is a threat to that.
Bitcoin is a threat to connected crooks like Warren Buffett and Charles Munger.
Warren Buffett attended the Wharton school, and Charles Munger attended Harvard.
These are two of the Empire’s most “prestigious” schools.
Elon Musk attended the University of Pennsylvania.
These people think of themselves as masters of the universe. The schools that they attended indoctrinated them into the cult of the best and the brightest.
Moreover, these men are whales. They have a lot of money. When whales move through the water, the other fish are moved. The oceans move.
Thus these three man can move the markets by virtue of their investments or by virtue of what they say. And they have unlimited access to main stream media.
They don’t like Bitcoin. They don’t like Bitcoin because fiat currency makes them a lot of bucks. All three of them are government parasites. They make a lot of money through government programs. Fiat currency fuels those government programs.
Do you understand?
Bitcoin threatens that ideology, that mindset.
Bitcoin cannot be created on demand. Bitcoin cannot be inflated artificially by man.
Bitcoin threatens the existing order where connected crooks can print up money and give a disproportionate share of it to themselves.
That’s why Bitcoin was invented.
Bitcoin returns us to a gold standard of sorts where to get rich, you have to go out and add value to society.
In other words, you can’t get rich by printing money and giving a lot of it to yourself.
Because Bitcoin works against official government theft, the people who are connected with the government have a vested interest in destroying Bitcoin.
One of the ways to destroy Bitcoin is to promote other cryptocurrencies which they the elites control.
Thus Dogecoin. Thus the other cryptocurrencies which are known as shit coins.
What makes Dogecoin and other cryptocurrencies shit coins is that there are not a defined number of coins that can be printed up. In other words an inexhaustible supply of coins can be printed up just like dollar bills can be printed up.
In addition to that, shit coins are often stored on centralized servers that the elites control. So if the elites decide to shut down the shit coins in the future, it’s easier for them to do that.
It’s a power game. It’s the same game that man has been playing for thousands of years. It’s the regular people versus the elites.
That’s what’s going on. That’s what the battle is all about.
Who will win this battle?
In the long term, Bitcoin will win. In the near term the elites will win.
The elites will win because the little people who desire Bitcoin do not understand how vicious and greedy the elites are.
The little people always underestimate the ruthlessness of the wealthy elite.
Only when the wealthy elite are taken to the guillotine, as King Louis and the French whore Marie Antoinette were, can Bitcoin win.
That could take centuries.
Copyright 2021 Archer Crosley All Rights Reserved