The Top 10 Bitcoin Misconceptions Debunked
https://financialunderground.com/articles/the-top-10-bitcoin-misconceptions-debunked/
For thousands of years, gold has always been mankind’s hardest money.
That is all set to change in a matter of months, and most people have no idea.
https://financialunderground.com/articles/harder-than-gold-faster-than-fiat-2/
I'll be speaking at the upcoming Expat Money online summit. Check it out!
https://2023.expatmoneysummit.com/?sc=jthDN9aw&ac=Un4mlAMA
Like a street thug committing a mugging, capital controls blindside most people—otherwise, they wouldn’t be effective.
If EVs were simply government-subsidized status symbols for wealthy liberals who want to virtue signal how they think they’re saving the planet, that would be bad enough.
But chances are, the big push for EVs represents something much worse.
The people really in charge do not want the average person to have genuine freedom of movement or access to independent power sources.
They want to know everything, keep you dependent, and have the ability to control everything, just like how a farmer would with his cattle. They think of you in similar terms.
That’s why gasoline vehicles have to go and why they are trying to herd us into electric vehicles.
3 Reasons There’s Something Sinister With the Big Push for Electric Vehicles
Why are governments going all out to push an obviously uneconomic scam that are electric vehicles?
While they are undoubtedly corrupt thieves and simply stupid, something more nefarious could also be at play.
The electric vehicle market is a giant mirage artificially propped up by extensive government intervention.
Governments, the media, academia, large corporations, and celebrities tout an imminent “transition” to electric vehicles as if it’s preordained from above.
It’s not.
They’re trying to manufacture your consent for a scam of almost unimaginable proportions.
When the average person hears “fossil fuels,” they think of a dirty technology that belongs in the 1800s. Many believe they are burning dead dinosaurs to power their cars. They also think fossil fuels will run out soon and destroy the planet within a decade.
None of these absurd things are true, but many people believe them. Using misleading and vague language plays a large role.
I suggest expunging “fossil fuels” from your vocabulary in favor of hydrocarbons—a much better and more precise word.
In warfare, the loser is likely to be the country that goes broke first.
https://internationalman.com/articles/the-outcome-of-war-with-russia/
Prices are never going back to the levels they were.
It's a new baseline that only gets adjusted higher.
It’s like trying to run on a treadmill where the speed only ratchets up.
It’s only a matter of time before “fight for $15″—the rallying cry for a $15 minimum wage—becomes “fight for $20.” Then it’s “fight for $50,” “fight for $100,” and so forth.
People should really fight to end the Federal Reserve and the fake money they create out of thin air and force everyone else to use.
It’s the only way to end this insidious cycle that impoverishes everyone except the politically-connected insiders closest to the money printing.
A big part of the scam is to get people to be happy about an ever-decreasing standard of living (caused by currency debasement) because they wrongly believe they are saving the planet.
Meanwhile, the thieving central bankers ride off into the sunset with the stolen loot undisturbed.
The lying media will blame supply chain problems, Putin, and greedy corporations… anything but the Fed as the source of inflation.
The media’s search for the real cause of inflation is like OJ Simpson’s search for “the real killers,” only more absurd.
The US is headed straight into an inescapable downward spiral of a political-inflation cycle that follows a clear pattern and creates a self-perpetuating doom loop.
1. In a fiat currency system, the government will inevitably print an ever-increasing amount of currency to finance itself.
2. This makes prices and living costs rise faster than wages.
3. The average person feels the pain but doesn’t understand what’s happening.
4. More people support politicians who promise freebies to supposedly relieve the pain inflation causes.
5. In order to pay for the “freebies,” the government prints more currency.
6. This creates even more inflation, and the cycle repeats.
nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m was absolutely correct when he said:
"The road to serfdom consists of working exponentially harder to earn a currency that is growing exponentially weaker.”
Prices are never going back to the levels they were.
It's a new baseline that only gets adjusted higher.
It’s like trying to run on a treadmill where the speed only ratchets up.
A trillion is a massive, almost unfathomable number.
The human brain has trouble understanding something so huge. So let me try to put it into perspective.
If you earned $1 a second 24/7/365—about $31 million per year—it would take you over 31,688 YEARS to make $1 trillion.
So that’s how enormous a trillion is.
When politicians carelessly spend and print money measured in the trillions, you are in dangerous territory.
"What passes for economics today isn’t science; it’s more like a religion, where dogma is handed down from on high.
Economists write abstruse papers that are used as reasons for the government to “step in” and “do more.”
Economists have actually become something of a secular priesthood who interpret the doctrines of various prophets.
The dominant prophet for the last century has been JM Keynes." --- Doug Casey
Suppose someone like BlackRock wants to manipulate the price of an asset by creating more claims on it than what actually exists.
Taking physical delivery of the underlying asset would be one way to reveal the fraud.
If there are more claims than actually exist, asking for physical delivery will reveal it because the delivery will fail.
Think of taking physical delivery like calling the manipulator’s bluff.
It’s challenging to take delivery of physical commodities traded on large exchanges, which opens the door to creating more claims than actually exist. It’s not easy to call their bluffs.
However, with Bitcoin, taking delivery is as simple as sending an email.
If anyone is idiotic enough to create more claims to Bitcoin than actually exist, revealing the fraud will be much easier than with other assets.
If BlackRock or some other entity tries this stunt, consider it a gift. You’ll be able to accumulate more Bitcoin at artificially lower prices until their Ponzi Scheme inevitably blows up.
BlackRock, Bitcoin, and a Tsunami of Institutional Demand
MicroStrategy Chairman Michael Saylor recently said, “The window to front-run institutional demand for Bitcoin is closing.”
He’s absolutely correct.
BlackRock, Fidelity, Schwab, Citadel Securities, and other large institutions are making big moves into Bitcoin.
With nearly $10 trillion in assets under management, BlackRock is the world’s largest asset manager.
Larry Fink, the CEO of BlackRock, had a remarkable turnaround regarding his views of Bitcoin.
After years of dismissing and denigrating it, Fink recently called Bitcoin “an international asset” to hedge against currency debasement that could “digitize gold” and “revolutionize finance.”
BlackRock has filed for a spot Bitcoin ETF.
BlackRock has an ETF approval track record of 575-1, so it is probably a matter of time before their spot Bitcoin ETF is approved and potentially others. That would open the floodgates for certain large pools of capital—like traditional retirement accounts—that would be otherwise unable to buy Bitcoin.
Let me be clear. I am no fan of Fink, BlackRock, and the nefarious agendas they push.
Frankly, I’d like to see BlackRock go bankrupt and Fink clean toilets to earn a living.
However, it’s important to remember that Bitcoin is an apolitical, open, permissionless monetary network available to anyone and controlled by none. Nobody can be prevented from using Bitcoin.
Bitcoin is for everyone, including people you don’t like.
Some worry that BlackRock could change Bitcoin somehow, but that is unfounded.
Remember, nobody can change Bitcoin’s protocol—not even Elon Musk, Jeff Bezos, the Chinese government, the US government, or any of these powerful entities combined.
Even if Satoshi Nakamoto—Bitcoin’s anonymous cypherpunk creator—returned after disappearing in 2011, he could not alter Bitcoin.
The Blocksize Wars, which culminated in 2017, is proof.
That’s when an overwhelming majority of the Bitcoin miners (primarily based in China)—and other prominent insiders and large companies—tried to get together and change Bitcoin’s protocol to increase the block size.
Even though they represented most Bitcoin miners, some of the most powerful insiders, prominent influencers, and large corporations, their attempted hostile takeover was an abysmal and embarrassing failure.
Instead of forcing a destructive change in Bitcoin—as they desired—they just created an increasingly worthless knock-off known as Bitcoin Cash.
Recently, the market cap of Bitcoin Cash (BCH) was less than 1% of the real Bitcoin’s (BTC) and is trending towards 0%.
I wouldn’t worry too much about BlackRock trying to make an “ESG Bitcoin” or otherwise changing it.
Even if they were foolish enough to do so, I doubt it would be more successful than Bitcoin Cash.
Another worry about BlackRock is that they will manipulate the Bitcoin price by creating more claims on it than what actually exists.
They could sell some fake paper Bitcoin, but it would fail spectacularly and be self-destructive.
Suppose someone like BlackRock wants to manipulate the price of an asset by creating more claims on it than what actually exists.
Taking physical delivery of the underlying asset would be one way to reveal the fraud.
If there are more claims than actually exist, asking for physical delivery will reveal it because the delivery will fail.
Think of taking physical delivery like calling the manipulator’s bluff.
It’s challenging to take delivery of physical commodities traded on large exchanges, which opens the door to creating more claims than actually exist. It’s not easy to call their bluffs.
However, with Bitcoin, taking delivery is as simple as sending an email.
If anyone is idiotic enough to create more claims to Bitcoin than actually exist, revealing the fraud will be much easier than with other assets.
If BlackRock or some other entity tries this stunt, consider it a gift. You’ll be able to accumulate more Bitcoin at artificially lower prices until their Ponzi Scheme inevitably blows up.
Here’s the bottom line.
BlackRock’s colossal shift on Bitcoin indicates that big institutions could soon flood in.
It’s a powerful potential tailwind for Bitcoin.
I think we could be on the cusp of Bitcoin’s next upside explosion.
That’s why I’ve just released an urgent PDF report revealing three crucial Bitcoin techniques to ensure you avoid the most common—sometimes fatal—mistakes.
I am no fan of Fink, BlackRock, and the nefarious agendas they push.
Frankly, I’d like to see BlackRock go bankrupt and Fink clean toilets to earn a living.
However, it’s important to remember that Bitcoin is an apolitical, open, permissionless monetary network available to anyone and controlled by none. Nobody can be prevented from using Bitcoin.
Bitcoin is for everyone, including people you don’t like.
https://financialunderground.com/articles/blackrock-bitcoin-and-a-tsunami-of-institutional-demand/
As the de-banking trend accelerates, there’s never been a time when it’s been riskier NOT to own Bitcoin.
More and more people will discover Bitcoin as the best alternative to the rotten banking system.