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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (193372)11/9/2022 7:32:05 AM
From: maceng2  Read Replies (1) | Respond to of 217705
 
There may be fraud and criminal activity associated with Crypto but its purpose and intent is just the opposite. The purpose of crypto is to ensure a fair monetary system.

The opposite is true, the current fiat system is more open to criminal abuse and that is in fact the case.

HSBC is a typical example. Lip service is given to money laundering, any bank clerk mishandling $20 will be immediately prosecuted as a master criminal laundering money, while billions are laundered daily for the worst criminal organizations out there.

Bitcoin has been labelled the future of money. Will the Saudis, the Vatican, the Rockafellas, the Rothchilds, the Fed, Soros and the other central banks cede easily over to the monetary system? The history of money clearly indicates otherwise.

Thus, it is no surprise to me to see the copious encouragement of thousands of other crypto assets and the wilful splashing around of countless billions of $$'s on these other dodgy crypto schemes. The purpose of all this largess is to discredit the genuine attempts that crypto will become the worlds next reserve currency.

It may work to discourage crypto to an extent in the short term, but in the end will just provide the fire to forge a new monetary system that is less open to abuse.

Again "imho" -g-

The ongoing financial crisis based on fiat debt will help clarify the matter. What else are they going to use as a base for a global financial system. Gold? At least that is traditional I suppose.

Whatever, big changes are underway.