Tuesday, May 24, 2022

Keiser Report: Bitcoin instead of US dollar? (E1241)

from RT:

In the second half, Max interviews Tone Vays of the Crypto Scam podcast about bitcoin prices, technical analysis and the need to exclude some from being allowed to buy tokens and other crypto assets.

Do you have a cryptocurrency addiction? This British hospital has a treatment for you

by Simon Black, Sovereign Man:

By the time Louis XIV passed away in 1715, seven decades of his absurd extravagance had nearly bankrupted France.

His reign was marked by constant warfare and the most excessive spending imaginable, from opulent palaces (including Versailles) to a costly welfare state– public hospitals, parks, monuments, museums.

Louis XIV had turned France into the world’s leading power. But it came at a heavy cost.

The national debt was nearly as large as the entire French economy itself, and the government’s annual budget deficit was appalling.

Another Sign The Bitcoin Bubble Is Ending? China Launches An Unprecedented Crackdown On Cryptocurrencies…

by Michael Snyder, The Economic Collapse Blog:

How would you feel if the value of your investments fell by 75 percent in just 7 months?

Well, that is precisely what has happened to cryptocurrency investors. The following comes from the New York Times…

After the latest round of big price drops, many cryptocurrencies have given back all of the enormous gains they experienced last winter. The value of all outstanding digital tokens has fallen by about $600 billion, or 75 percent, since the peak in January, according to data from the website coinmarketcap.com.

Crypto Bubble Unwind Images: Fast in Altcoins, Slower in Bitcoin

by Mish Shedlock, The Maven:

Ripple, the number three cryptocurrency is down 89% from the top, Ethereum 76%, Bitcoin 67%.

The cryptocurrency bubble is unwinding rapidly from the bottom up. Bitcoin is holding up the best.

Here’s a set of images of the three leading cryptos. I created the charts at approximately 1:00 PM on August 11.

Hmmm: Warren Buffett’s Right Hand Man Disses Bitcoin (But He Is Really Covertly Praising Gold)

from Silver Doctors:

Charlie Munger recently came out swinging against Bitcoin, but if you understand what he just said, he was actually praising gold…

Billionaire Vice Chairman of Berkshire Hathaway has come out swinging against Bitcoin.

Here’s some of what he said about Bitcoin and the people who speculate with it, via Fox Business:

Munger told FOX Business’ Liz Claman on Monday that bitcoin was “rat poison” five years ago when the digital currency was trading just above $100 and now refers to it as “more expensive rat poison.”

John Rubino – Yellen’s Retreat and the Rise of the KleptoCurrencies

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by Kerry Lutz, Financial Survival Network:
John Rubino joined us for a discussion of Fed Chairwoman Janet Yellen’s retreat from so-called interest rate normalization. Looks that raising rates is off the table for the foreseeable future. Can QE to infinity be far behind. Things aren’t so good in the Crypto-currency space. Prices of Bitcoin et al., have been hitting the skids the past week. Will it continue? As of last Wednesday there were 970 Crypto-currencies. Does the world need any more? But it’s sure to get them regardless. Let’s see where they head now.

Click HERE to Listen

BIS TAKES AIM AT CRYPTO-CURRENCIES

by Joseph P. Farrell, Giza Death Star:

It’s rare – very rare – that I have anything good to say about the Bank of International Settlements, the central banksters’ central racketeeri… er…. the central banksters’ central bank. After all, what possible good can come out of an institution which is the brainchild of Montague Norman (head of the Bank of England in the inter-war period), Benjamin Strong (of the New York Federal Reserve, which, let it be recalled, is neither Federal nor a reserve), and Hjalmar Horace Greeley Schacht, about whose wheelings and dealings enough is known? But, just in case you’ve forgotten, dear old Hjalmar was the Reichsbank president who pops up at the oddest moments and oddest places, bless his heart. He was a financial advisor to Aristotle Onassis and Adolf Hitler(what a resume!); he was a key member of the group of Nazis …er… CIA operatives that suddenly appeared in Egypt after the overthrow of King Farouk, along with other Nazi…er… CIA luminaries like Otto Skorzeny and journalists like von Leers (of Goebbels’ old Propaganda Ministry, and, who, let it be noted, was a convert to Islam and who, go figure, translated the notorious Protocols of Zion into Arabic, and who, funny thing, ended up in Moscow working for Pravda or Tass or whatever, during the bad old bolshevist days of the Soviet Union); and all of them were sent to Egypt as a West German “delegation” by good old Konrad Adenauer. Schacht pops up again in Indonesia during the Suharto business in the late 1960s, and rumor has it he was talking about gold and bearer bonds, but that’s unsubstantiated, though I wouldn’t for a moment put it past him.

Coinpocalypse: Is This The End of Cryptocurrencies?

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by Jeff Berwick, The Dollar Vigilante:
The selloff in cryptocurrencies continues today with bitcoin now falling below $2,000 to a low of $1,841 after hitting its all time high of $3,108.54 on June 11th, marking a 41{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} drop in the last five weeks.

And the total value of all cryptocurrencies dropping to near $60 billion, down from their all time high of $116 billion on June 20th marking a nearly 50{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} drop in the last month.

New Bitcoin Documentary Shatters Mainstream Media’s Narrative [VIDEO]

by Jeff Berwick, The Dollar Vigilante:

You know what’s almost as rewarding as being right about Bitcoin? The satisfaction of saying “I told you so” to all the powerful naysayers who scoffed at crypto years before it became today’s most profitable trend.

And that’s what the new documentary “Bitcoin: Beyond the Bubble” does so well, capturing the establishment freakout we in the crypto world have painstakingly endured for so many years.

It was only a few years ago that I was sitting on the set of Fox Business’ Varney & Co TV program, where a flabbergasted and skeptical Stuart Varney sneered at the notion of “taking my real dollars and…then you give me virtual money in return!”

‘Bitcoin is #1 priority’: NSA targeted cryptocurrency users globally, Snowden leaks show

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from RT:

The US National Security Agency targeted Bitcoin users around the world, according to classified documents released by Edward Snowden. The revelations strike a blow to the financial privacy of bitcoin users, academics warn.
The National Security Agency (NSA) managed to find ways to ‘track down senders and receivers’ of Bitcoins, according to an internal NSA report dated March 2013. The findings come from classified NSA documents, exposed by ex-CIA whistleblower Edward Snowden and first published by The Intercept.

Crucially, the tracking may also have involved amassing information from bitcoin users’ computers. One NSA memo suggests that the NSA collected some Bitcoin users’ password information, internet activity and MAC address, which is a type of unique device identification number.