They Have The Balls To Call Bitcoin A "Fraud"!!!! Banksters Fined Heavily Since The Financial Collapse!!!!
We all know the banksters are a bunch of crooks. Their behavior in the collapse of the world economy a decade ago removed any linger doubt that could be in anyone's mind.
Of course, they required the bailout from the taxpayers just to keep afloat. We were told that if this action was not taken, the entire financial system would totally collapse.
It worked....people bought it. And the world was saved (or so we are told).
You would think that these con artists would change their behavior. Not a chance.
As we saw, they are pulling out all the stops when it comes to Bitcoin and cryptocurrency. They are going to do all they can to maintain their place in the pecking order of society, which is at the top. The government henchmen are the first ally in the fight. Bitcoin opened up a can of worms that is drawing the battle lines.
Personally, I am very confident in the power of decentralization and believe the proverbial cat is out of the bag. The war is won, the banksters are cooked. They simply cannot turn to the usual entities to strike this thing down. Cryptocurrencies like Bitcoin truly are beyond their control.
Nevertheless, the mess of a bankster run world continues.
Reports are out detailing how the banksters have been fined $243 Billion since the financial crisis. That is almost a quarter of a trillion dollars in fines.
Are you kidding me? And the mainstream media continues to chide the likes of Bitcoin. This is beyond a joke.
But have no fear, the banks, as part of their settlements of these fines, do offer loans and debt restructuring to lower income people. So, in lieu of cutting a check, they simply issue more debt for which they get paid fees and interest on.
The next 10 years are going to be exciting as the financial system is totally rewritten without the banksters approval.
I am glad I hold some Bitshares.
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It has always been impossible for almost 2/3 of the worlds population to have access to the financial system. Centralized control systems did not allow it.
Until Bitcoin happened. It does not ask permission. It just banks all the previously unbanked. I can already feel the power balance shift and smell the ancient rulers fears.
Well Task,
You and I both knew that 2018 would be a great year for crypto, but that it wouldn't be easy and the waters would have to shake a lot.
We're seeing the shaking right now, I was already expecting it, but we need to keep our eyes on what is going to come next.
Cheers
I hear the Stock Market is doing great today haha. Can't wait for that house of cards to topple. Granted, I'll get me some cheap stocks at the bottom after the carnage that's coming ;) Keep printing that juicy fiat, the more the merrier for deflating crypto currencies!
Can you imagine if you or I lent out money that we didn't have (capital ratios so just digits on a screen) - errr, ponzi anyone?!! - and then had the gall to charge interest on the cash "that we never had" and repossess assets if there is a sniff of a default on payment. The mind boggles - set that moggy free!
Thanks for the thought provoking post. Cryptocurrencies are the "peoples money". Such a revolutionary concept. Here in the US congress originally was responsible for coining, printing and managing the supply of currency, but they abdicated to the pressures of Banksters and ultimately allowed the FED to take the reigns. The magic money pumped into the economies ("quantitative easing") of both the US and the EU eventually found its way into the pockets of the 1% but also fueled the expansion/bubble of the stock market. There was much alarm among libertarians and anarchists alike when monetary growth expanded so exponentially threatening massive inflation. What happened instead was an inflated and expanded stock market and credit reserves within banks with fairly limited inflation of the dollar. However, the foundations of this imperial house of cards are shaking. What we will experience in the next few years is a swarm of small "earthquakes" before the tectonic plates beneath our economy ruptures too violently then the house shall fall. At that time I am not certain how cryptocurrencies shall fare but am inclined to think that after some time of chaos they shall do well. But it will depend upon enlightened thinkers who see the days of evil Empire are at an end and that the age of the sovereign individual has come. Let us hope so. Thats one reason the growing phenomenon of steemit is so valuable. This is the future. This is a spark that may ignite greater freedoms and independent thinking. This is exactly why nations are clamping down. The Chinese people in particular have tasted their first cups of personal freedom and want more. Will they overcome the tyranny of State or will they slip back into a homogenized society meekly bending knees to authority? Unfortunately, for them at least, the past predicts the future: subservience (in my opinion... which I hope is wrong.)
Currently the all Indian banks are in really heavy depth approx ₹7.2 lac carores Indian rupees. And they are pressurising govt to take some of the weirdest steps demontisation of high currency notes was one such example which was carried out last year and made common man suffer alot.
Now people's faith in bank fading as they are implementing the hard rules that eventually leads to common man suffer miserably.
The cryptos are also not spared by them,finance minister sent over a lac of notices to crypto investors, actually banks are making every effort to somehow stop cryptos,but it's the future they can't control it,they will make some regerous efforts but in the end they have to accept it.
Haha Banksters are all crooks indeed.
Wall Street is in for some serious shit storm ;-)
Yeah wait until people have the option of buying stocks on decentralized exchanges...that will really put a hurting on the entire financial world and the banksters in particular.
Yes, it's very exciting times we're living in. People start waking up and understand the rules of the games are changing. We have enough story lines for a hundred comics ;-)
It's coming. My bread Bitcoin wallet is now selling Bitcoin direct in the wallet albeit through Simplex. Things are moving on at a phenomenal pace. Just wait til we get our fully decentralised exchanges. God help the Central bankers! Lol
Nice post. Financial crisis in 2008 was really eye opening for me. I highly recommend documentary "Inside Job" if you still believe in this corrupt system.
That's a great doc, also worth watching Naomi Klein's The Shock Doctrine. If you look at the Tories running British politics this is exactly what they are up to.
you are right... banksters really don't like cryptocurrencies because it depreciate their value. As the users and value of cryptocurrencies increase, the value and number of bank staff decrease...
My little opinion...
Bank marketers only advertise to customers that banks staffs are not needed again...
The staffs also carry their ID card about in form of a sack letter
Yes, it's only a matter of time until we see something big happening. I hope that in 10 years we will see those banksters collapse completely and cryptocurrencies going so mainstream, that everyone will be holding some sort of coins. What if FIAT is completely worthless in 10 years? What if cryptos are the only currencies? Would love to see that!