How can Governments ban Cryptocurrencies? They Can't..!!
Credit: youtube/kamalglover
Seriously? Who believes this garbage..!!
I am sure a few of you may have already seen this interview with Jamie Dimon while he was on a trip to India recently.
I watched this earlier and spat out my cornflakes through fear of choking as I rolled around on the floor.
Seriously? Who believes this garbage and verbal diarrhoea that is being pushed out..??
After picking myself up off the kitchen floor and mopping up the cornflakes, I thought I would give Mr Dimon the benefit of the doubt and listen to what he had to say.
For someone who is 61, you would have thought he would be old enough to know better.
No one believes this garbage..!!
How can someone sit there and not laugh when he says that in-essence mining #Bitcoin is like printing something out of thin air when his very own Balance Sheet has 100's of $trillions of garbage Paper Derivative Contracts that are nothing more than a piece of paper "printed out of thin air"..!!
Seriously? You couldn't make this shit up.
At least he gives #Blockchain Technology a credit
The only real substance that comes out of the interview is that Mr Dimon at least gives #Blockchain Technology a credit and I guess this is a start.
By endorsing #Blockchain Technology suggests that this is where the real fear for Central Bankers and Banks lies.
There is no Free Market
It should come as no great surprise to regular readers of my Blog that we are living in a World that has NO Free Market, whatsoever.
Anyone who thinks there is a Free Market is sadly mistaken.
For the last +10 years I have been banging on that the Free Market ended decades ago and certainly as far back as the early 1970's.
The last +45 years has merely served to: mask, manipulate, corrupt and fraud The Market beyond total recognition.
Toxic and worthless Paper Financial Derivatives are running the show now, nothing more, nothing less......and if you think that Governments or Voters have a say, then you are in for a bigger surprise.
The next time a Banker tells you that Governments will ban Cryptocurrencies, understand the consequences of what would happen if they couldn't and Cryptocurrencies were put up against these Toxic and Worthless Paper Financial Derivatives.
The consequences of unwinding these Toxic and Worthless Paper Financial Derivatives is simply unimaginable.
It's a mess, a real mess..!!
The Global System is on the verge of Technological Shift of Biblical Proportion and one that has the potential to see riots on the streets as Social unrest finally puts two fingers up to the System.
Sadly, I have been warning for some time now that #Blockchain Technology is set to open the lid on Pandora's Box and what we are witnessing today is simply the key turning in the lock.
+45 years of manipulation, deceit, fraud, lies, corruption and garbage reporting of the Mainstream Narrative is about to be let out of the box and no Central Bank, Government, or opinion of a Global Banker will stop it.
The Seismic Technological Tremors are already being felt and when they erupt, and they will, it will send shock waves through the Global System on an unimaginable scale..!!
Thanks again for reading and it's time to grab my cornflakes again.
Stephen