Bitcoin Rush For Rich Only? 78% of American workers now living paycheck to paycheck!

in #bitcoin7 years ago (edited)

If the (upper) middle class can't invest in Bitcoin nor any other cryptocurrencies, how long can the boom be sustained? Or is it only a boom for the rich? And if so, where is the decentralization benefit for the masses then? Was it just another illusion sold to create a mania and then pull the plug since the NSA created the first cryptocurrencies?.... and if so, QUI BONO... who benefits?  Many unanswered questions at this stage.  It is very possible that we'll not have to wait for the first quantum computer to crack blockchain. Something is brewing! 

Financial apocalypse in the making: 78% of American workers now living paycheck to paycheck. Saturday, September 02, 2017 |  Many people think that earning more money is the solution to their  financial woes, but a recent Harris poll that was carried out on behalf  of CareerBuilder reports that 78 percent of people with full-time jobs  are living paycheck to paycheck. Those who earn six figures aren’t  immune; a tenth of workers in this category say they live paycheck to paycheck, and nearly 60 percent of those earning in this range are in debt. 
  • Nearly 10 percent of those making $100,000 or more say they can't make ends meet.
  • Overall, most workers said they are in debt and many believe they always will be.
 Perfect recipe for financial disaster: All of this is a financial disaster in the making. Household incomes  might be rising, but they’re not keeping up with the cost of living  increases. CareerBuilder spokesman Mike Erwin cites this weak wage  growth as one reason for the current financial stress Americans are  experiencing.  Those living paycheck to paycheck have nothing left over to save, making the problem not just bad now but also potentially catastrophic when a collapse strikes. http://www.naturalnews.com/2017-09-02-financial-apocalypse-in-the-making-78-of-american-workers-living-paycheck-to-paycheck.html  and https://www.cnbc.com/2017/08/24/most-americans-live-paycheck-to-paycheck.html


ALSO SEE: 

Crypto-hunters Beware: TWO Breakthroughs Could WIPE OUT Bitcoin VS Bitcoin Could Cause An Economic Apocalypse |  Vital Information for Crypto-hunters... What Ron Paul On Dollarvigilante Did Not Say|  Mystery Unveiled: Why was 21 million picked as the number of bitcoins to be created? |  Value Of Bitcoin? Global Monetary System Has Devalued 47% Over The Last 10 Years |  Bitcoin & The Manic Bullishness Of The Crowds Struck Again (WAM/Jeff Berwick Talk Cryptocurrencies) | The AI Paradox: Cyborgs - The Next Billion Dollar Industry... Financed By Cryptocyrrencies? |  Are PM's/Fiat/Cryptocurencies Sharing The Same Flaw? Here Comes **The** Rabbit Hole!


 The Earth Custodians Movement is for humans wishing to    remain humans; refutes both capitalism, socialism (monetarism and any    form of trade/barter); is an endeavor promoting mindset transitioning     to escape the gulag of an hunger game type of society, managed by a    technocracy that will determine the basic income that individuals need   to  avoid starvation and a have roof over their heads.   The  Earth    Custodians promotes  a  different  way of  thinking to address any   current human  crises. We cannot resolve the  problem with the same mindset that created it.     Earth Custodians know that it is the end of the monetary paradigm    so  they watch all the events at play and only have invested in their     higher-self. They have nothing to lose. Mainstream Psychology is on    its death bed.  Yes, it is  possible to see way  ahead of the curve,   and   if  it takes one  generation for a  money-free society to take   shape,   that shouldn't  prevent anyone from  taking  action, and   using  money  to  spread  the  word until a critical  mass  (20%  of    population) is   reached.  Please  do not hesitate to  visit our     website and forum    READ ALL BLOGS @earthcustodians 

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Take your communist bullshit elsewhere. Money is not evil, it is a tool.

The 78% manage to use fiat currency to buy their day to day needs. If they switch to using bitcoin, they will be better off. Holding a money that appreciates is much better than holding a money that depreciates.

Your post doesn't even have internal consistency. If bitcoin was a conspiracy created by the NSA to help the rich, and not for the poor, why would they pull the plug? Wouldn't that be stupid?

And still waiting for ANY kind of proof that bitcoin is a "NSA conspiracy". You can download the code and look at it for yourself. It is open source. Here it is: https://github.com/bitcoin/bitcoin/

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