Sunday, October 2, 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.

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.

About Bitcoin

by Hugo Salinas Price, Plata:

Bitcoin is nothing more than a distraction, created to direct widespread public worry away from concern about the eventual collapse of the Dollar’s value.

What entity would wish to distract investors’ attention away from concerns with the Dollar?

Obviously, the US Government.

Just as obviously, there is no proof of that statement. To substantiate the statement, we only have recourse to the application of what, in legal terms, is the question: Cui bono? which asks: “For whose benefit?”

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

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!”