The greatest PONZI scheme in historyNever in human history have so many been plundered by so few. And the crowd cheers...
"Paper is poverty. It is only the ghost of money, and not money itself." - Thomas Jefferson
"In no country of Europe," a delegate noted, "is paper money legal tender, but only gold and silver coin."
US constitution section 10 article 1:
"No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility."
They try to make those that say it is in the constitution that FIAT isn't legally money look like idiots, they call them conspiracy theorists.
Isn't that what this article says? Either way, the ponzi scheme - which the US government accounting agency has called unsustainable for decades (every year they publish a report where they say the same thing) - is about to collapse.
The scam has been made complex enough so very very few will understand it, and the few that do understand it can be dismissed as "weirdos" and "pariahs", which luckily for the banks is already the case since the smartest people in the world, the 1 in a million are by definition alone misunderstood and appear weird to common folks.
I can't explain this perfectly, and the greatest obstacle, the reason why this ponzi scheme has kept running so long is because people are too dumb to understand it, and don't care but they don't care because they don't understand how hard they get scammed.
I posted this several times but it's never super clear.
I found a clean video where it gets explained quite well, and on top of that he manages to resist the urge to get arrogant or insult the public, which is completely impossible for me.
"The Biggest Scam In The History Of Mankind - Hidden Secrets of Money Ep 4" by MIKE MALONEY.
And not just for novices, I recommend this to every one that hasn't watched it yet.
We really have to get rid of our bank overlords.
Here is a list of some countries spending to GDP. France is at the very top of the list of course, they almost make the USA look reasonable.
tradingeconomics.com
There is a bigger list on wikipedia.
Capitalist countries steal the most from their population to "redistribute" (redistribute to the public what they stole from the public one way or another).
Socialist countries steal the least from their population to "redistribute".
Biggest scam I have ever seen in history.
Haha France is the biggest spender but the shithole with the largest deficit is... tada! Venezuela!
In 2020 I expect the USA to steal the top spot in both categories from France & Venezuela.
The USA have not just robbed their own people, but also the whole world (because the USD is the reserve currency), so that scam is going to collapse too...
They have taxed the world for decades, and when that falls alot of indirect income is gone. Which will make the depression much tougher for them. And interest rates are already at zero.
It's an absolute catastrophy for this country, they have no way out. It's going to go boom!
Ponzi
Free money won't be enough, and if it was then it'd be worthlessConversation between a crypto investor in prison and someone that can add 2 numbers:
"I'm going to hold onto these 3 cigarettes, as more people come to prison the price will go up and I will sell them for 10 cars! Genius!"
"What are you saying you fool, get out of my face, I've never heard anything more stupid"
"You will dearly regret your words permabear, you do not understand that those cigarettes have value because people want to smoke them. They CANNOT drop in value"
I hope it soon goes down from here, I'm in a hurry to say "told you so".
The price of this ponzi scheme can go up when governments, in particular the USA, give free "money" to their populations.
A few suckers are always going to spend essential ressources on stupid stuff, a part of student loans end up in crypto ponzi schemes, a part of "stimulus checks" or whatever they call it.
The USA ponzi scheme, the us dollar, is probably going to collapse soon, Bitcoin believers actually think when this happens BTC goes up. HAHAHA 😆
They're going to get a violent surprise 🤣
The Halving bull run is over, the US free money is over and the next wave is not for soon, this is a perfect time for this scam to jump down.
What a disgusting downtrend with huge pullbacks up.
A new world order is coming soon, the perma bull market paradigm is ending very soon.
I have never been more certain of it: all that was driving the price up to those super expensive levels were buybacks.
The current world order is the USA world order in case you didn't know, and the USA are entering the greatest depression they ever had.
I cracked up when I looked at Powell 60 minutes interview, when he was asked "will we call this the great depression", his face, his face man, and the answer! Priceless! 😂
Bitcoin baghodlers that don't care about the global economy and just look at their beloved ponzi schemes, are going to get a violent surprise and a pricey lesson.
Bitcoin baghodlers that think Bitcoin will go up when we enter a depression HAHAHAHAHAHA! 😆 Not delusional at all!
Yes, I can imagine, 30% unemployment, huge debts, people fighting to survive, going hungry, first thing on their mind "hey let's buy lots of Bitcoin!"
Well gambling goes up with poverty, but I don't think it will be enough...
Alcatel bagholders were right. And lost over 95% of their money.
Sugar bagholders were right. Demand went up several orders of magnitude.
How to know where to sell? Draw some arc or something?
I don't think this asset class is worth playing with. What an absolute waste of time.
The cow is pretty dry. Let suckers slowly lose their money. Not worth the effort.
All I know is:
Thousands of idiots are sending Bitcoin to scammersAh, crypto. "A study has shown millenials were the most gullible generation and by far fall most for phishing scams". You don't say! They get scammed on the internet several times more than 75 yo grandmas.
There is a livestream running on youtube, has been for a while, of a recorded interview of Jack Dorsey, and they are actually telling people there is a giveaway "send 0.1 to 20 BTC and receive 0.2 to 40 BTC (double of what you send) and actually expecting people to fall for this and COUNTLESS BTC HODLING MORONS ARE ACTUALLY FALLING FOR THIS! How can anyone fall for this? How can anyone be that stupid?
I reported the video but it's not a video promoting Trump so youtube doesn't care, they need to allocate 100% effort on removing dangerous anti woke videos.
The price halving is in 2 weeks, oh it's going to be fun.
The scammers are very stupid they have a picture of the address but no text, so no way to copy paste, this will stop a whole lot of people from doing it...
There is a Qr code thought, but most people would have wanted to copy paste the address I think.
Was easy to put in the description... Maybe then youtube algo detects it more easilly and can block the stream?
*Not going to copy the address here*
They only received 0.31 BTC? I'm seing lots of people in chat saying they sent BTC... Maybe they're too stupid to understand "minimum 0.1"?
Maybe the scammers change the address regularly, maybe 95% of viewers are bots xd
But what about the people saying they sent BTC and haven't received anything?
Hey you know how it is, every time scams flourish, the top is not very far ;)
Plenty of scams going on
==> 'Announced late Friday, the unidentified owner of the site tried to sell the domain to an undercover agent with the Department of Homeland Security's Criminal Investigations unit, who said they wanted to use the site to sell fake COVID-19 testing kits, a plan the owner reportedly said was "genius."'
==> “Fraudsters are leveraging increased fear and uncertainty during the covid-19 pandemic to steal your money and launder it through the complex cryptocurrency ecosystem,” the U.S. Federal Bureau of Investigation (FBI) recently warned.
==> New York State Police Warn of Email Extortion Scam
==> Bitcoin Daily: Alleged Chinese Crypto Mining Scam Nets $11M
==> As you know the "totally legit" crypto exchange FCoin I mentionned a year ago (and got laughed at and "wise" people explained to me why it was not a scam) shut down and thousands of BTC went "poof"
==> New Zealand Police Spotlight Bitcoin Ransom Scam
And so on...
There is also:
==> Bitcoin (BTC) Miners Antminer S17/T17 Suffer Critical Failure Rate: Blockstream’s CSO (HAHAHA!)
==> In the US, a federal judge has issued warrants for the arrest of David Schmidt and Robert Dunlap. Schmidt is a former Republican state senator in Washington. He and Dunlop are alleged to have sold Meta 1 tokens that they claimed were backed by $1 billion in fine art or $2 billion of gold. The SEC froze the cryptocurrency’s assets and charged the firm’s operators with fraud on the grounds that there were no tokens. The defendants, together with Nicole Bowdler, who claims to be “an Earth Angel” in touch with the angel Metatron, were charged with fraud. (lol)
==> Bitcoin Scam: 14 Chinese Men Arrested in Malaysia for Allegedly Luring Investors into Fraudulent Cryptocurrency Investment Scheme
Even they sorta admit it:
cointelegraph.com
The principle with this Ponzi is simple
Alcatel-Lucent
"Every one will always need sugar" "One day sugar will be every where and every one will eat tons of it" "One day optic fiber will be installed in the whole world" "One day every one will own mobile phones"
Yes, food commodities are insanely volatile.
They have a sugar chart going back before 1800 here:
www.winton.com
It's going to be years before seing BTC 3 digits :(
Realistic altcoin gameplan using eth as market guideEth leads alts and should give us a semblance of what to realistically expect.
Blowoff top to 0.054 into bitcoin halving in mid may. ($500-$550 area w/ $9500 btc)
Dump to 0.036 area ($270-$300 area w/ $7700 btc) when miners capitulate
Consolidate until Q4 before an end of year alt season to 0.07 ($1330 w/ $19000 btc).
Dump back to 0.036 area ($270-$300 area w/ $7700 btc) when stocks crash and everybody goes risk off in Q3 2021
Consolidate until new tax year (2022) then moon (hyperinflation) or zero (great depression).
realistic ethereum gameplanvitalik ponzi
what im expecting (blue arrows) and areas of interest (purple boxes).
0.054 on the ethbtc ratio is the key level and btc should hit the $9550 resistance so that works out to a blowoff top around $515.
then eth cools off around 40-50% and drops to roughly $270-300 and digests the move / consolidates for a month or two before breaking up for the bull market later this year to god knows how high.
hardcore support 1700$ btcNothing interessting. I have a hardcore support @1700$.
Nothing is certain in these times. Btc will do what instituationals want at this point.
I am a long time believer of bitcoin. It will recover and grow stronger than ever.
We might see btc sub 1k, but for me its highly unlikely. Too many people would be loading up on btc. Just a few days ago I saw someone posting on reddit that 500 btc were bought on an exchange which I don't remember anymore. Kraken or something.
These are always signs for buying pressure. Same like it was in 2019 were someone bought a few thousands of btc and it catapulted btc for a short 6 month bullrun.
We have to see and wait what happens with the virus. If Institutionals get short on money and they need liquidity they gonna dump everything for money - commodities, stocks, etfs, indices AND bitcoin.
Until then.
Stay safe.
Health is more important than wealth.
BTC / USD - POSSIBLE FAKEOUT ?BTC is stuck between 6550 - 6700 .
We will probably try to take the stop losses above 7k and then make a big drop
There is too much uncertainty in the markets and in this asset right now, but the MAIN TREND is bearish so we follow it.
Trade with a tight stop loss. Dont risk big now, wait for a confirmation.
Apple overvalued This stock currently peaking in price after weekly upthrust candle.
Earning Yield are the lowest in recent years and Price to Earnings also peaking highs in last5 years. From PE ratios it's massively overvalued stock.
Looking at company income statement over last years is the most stagnant when compared to Microsoft, Google and Amazon. It's amazing that Net income and Revenue been pretty even between last five years (even with decline in capital expenditures) whereas other stock keep growing their revenue and net income consistently.
In a nutshell this company is producing very week performance as compared with last 5 years it's the one growing the least.
Not saying that one should short stock since it's hard to compete with ponzis and the FED printing machine. But at the moment the best approach is seemly to stay out of the stock
XBTUSD AnalysisWeekly close below 6612.5 is bearish, and if we lose that as support expecting us to break the 2019 low.
Now consolidating and seems to be finding support, at most expecting a rally up to liquidate late shorters.
Weekly close above 8317 would open up a possibility for a test of 9k.
Ideally we see a pump to 8K and then a rejection, to ride the Bitcoin capitulation after that.
Weekly close above 8320 / Daily close above 9K are things that would make me change bias
S&P500 Dump ignited?As I indicated in my update last week, that extremely low volatility combined with very high RSI seems to be kicking a dump on this fine Monday. Will the dump last? Quick buy back? Will we see a repeat of last year heading into the holidays?
The final trip down that led to the capitulation of 2018's dump started on Dec 4th, 2 days from now, which culminated with the plunge protection team saving the day, the day after to Xmas.
I think we have a real potential to see at least a touch of the 200 MA (blue line) ~2920, but if this thing really gets rolling, we could see a repeat of 2018 and take a trip all the way down to the 1000 MA (red line), which would be really bad especially if it was going to happen in 2019.
Obviously hard to say at this point, but the past 6 weeks of "nothing but up" has been kind of ridiculous even for the ponzi stock market.
Hope ya'll took my short call!
Stay tuned!






















