Crypto Crash

[SOURCE}(https://cryptocoinmastery.com/everything-crash-end-crypto/)
Well just look at how Crypto is going down, and I have seen all sorts of explanations for this, Elliot waves, predictions, trends, walls etc, I think all of these are just bullshit, what we have is an all out war against Crypto. Who is waging this war? Well it is a threatened Elite who are using there minions as proxies in this war- Governments, Financial Institutions, Corporations and Media.
Why do I say this. Well let’s look at what has been happening. Governments are looking into regulating or outright banning crypto. Financial Institution are warning about investing in Crypto and have even put a stop to lending money for this activity as this is “too great a risk for them, if Crypto flat-lines, how do they get their money back?” Funny as banks make their money off of lending other people’s money to other people, they take no risk, if you lose their loaned money they will just take everything you have. Media, well look for something positive about Crypto on the mainstream media and you will see there hardly is any of these type of news and if there is it is very well hidden you have to look real hard to see it, they are even banning advertising for Cryptos. Corporations I have nothing on that I can think of right now, but they are owned by the Elites so they have to be in on it also.
Just look at China, India, South Korea, USA and others, all of them seek to regulate BTC, and it isn’t an ideological thing, China’s policies are completely different from that of South Korea, so there has to be another common denominator here, mainly the Elites.
Why would the Elites look at Crypto and try to do this? Well, first of all I don’t think they are out to destroy Crypto I think they want to control it, and the less they have to pay for it the better, because they are cheap and the less money they pay the less money that the common person can get in his hands. Because what the Elites want the most is Control, with Control comes power. I think they fear Crypto, if it goes mainstream, could give too many people freedom from them because these people through activities the Elites can’t control, like mining, investing, even writing on Steemit would no longer need their services, banks would be obsolete, nobody would even worry about mainstream media and the most important thing is most people would start wondering what we need a government, police forces and armies for, and these are the main support for the Elites, without them they have no power.
I think with the AI revolution just around the corner they can see were Crypto could be the place where the people who are left without a job can solve their financial problems, and that is the worst thing that they can envision, a population not reliant on them for their survival, because they lose control and with it they lose their power.
I hope you understand what I am trying to say, I unfortunately am not so good at expressing in writing what I mean.
This is a good post about what could be causing the crypto-crash.
Have the banks ever approved loans for investment into cryptos?
I would be surprised if they ever did this for average people. That's like getting a loan for investment in stocks, I didn't think banks do this.
If they do, I'd like to know more about which banks do it.
If you use a credit card for investing in Cryptos the bank is actually lending you this money.
That's a very good point, a very valid point.
I have heard that banks want to stop allowing the use of credit cards on exchanges.
Furthermore, I saw last week that the banks want to charge a "cash-advance" fee on purchases at crypto exchanges.
You're bang on.
You expressed it MORE than well.
Thanks Greg.
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I think that now more than ever we need a solid Monetary Treatise for a moral currency.