Just posting this as a reminder.
For years I’ve warned that Bitcoin wasn’t just attracting retail investors and crypto speculators, it was being integrated into the financial-industrial complex through Wall Street wrappers, leverage, and structured products.
Many celebrated this as adoption.
I warned that it would eventually create the same systemic risks that Bitcoin was designed to escape.
My view has always been that these vehicles were not built to disrupt the financial system.
They were built to extend it.
The next major correction was always likely to come from a leverage unwind.
First it was Bitcoin company-native leverage. Next it would be Wall Street leverage.
If you’re wondering whether the current market action is connected to that thesis, these two articles explain exactly what I was watching for and the strategy I suggested to prepare for it:
Will J.P. Morgan & Saylor Crash Bitcoin?
https://t.co/zHKIdrzvWN
Jane Street’s Silent War on Bitcoin’s Price
https://t.co/6nV9EN53Pq
Don’t confuse Bitcoin with the financial products built around Bitcoin.
One is designed to separate money from the financial-industrial complex.
The other is designed to bring Bitcoin into it.
And stop worshiping celebrities wrapped in public companies.
They are on a different side of Bitcoin than us.
To be clear.
You don’t benefit.
You pay the bills through the national debt and inflation.
Corporate America benefits and corporate America is owned by transnational capital.
This is how your country became captured and you became the product - a collateralised debt obligation.
It’s a wealth extraction vehicle to the FIC.
@JohnFawly@jsblokland Central Bank paper (fake) money could be printed to infinity, in this world everything is scarce but not the FIAT itself, and if you are not a central "banksters" your are not becoming wealthier.
To be clear.
You don’t benefit.
You pay the bills through the national debt and inflation.
Corporate America benefits and corporate America is owned by transnational capital.
This is how your country became captured and you became the product - a collateralised debt obligation.
It’s a wealth extraction vehicle to the FIC.
@MartinSkold2@Teddy21btc Gold was an easy target for central "banksters" (executive order 6102...). The terminology "sh|tcoin" is what you call "crypto" which strictly follows the central bank model. Bitcoin is mathematical and very different. In other words, it could succeed where Gold failed.
@josephfounder@ArmstrongEcon Silver is demonetized, at this stage it is a simple industrial metal. As far as Gold is concerned you should look at the executive order 6102.
@SaneStockWeekly@michaeljburry In a world with fake money (FIAT) everything could be a bubble. Anyway, this does not mean you could win inside this rigged game.
Former marine Ken O'Keefe delivers an onslaught of truth bombs for 90 seconds straight. 🔥
"A tiny group of individuals who are running the world through the control of finance have literally an infinite supply of money."
"And with that money they have bought everything and everyone who can be bought."
My definition: A shitcoin is anything promoted as a form of money whose supply is easy to increase. In other words, anything other than gold or bitcoin. #YesAllShitcoins