98.5% White Woman Elizabeth ‘Pocahontas’ Warren urges Janet Yellen to develop a “coordinated and cohesive regulatory strategy” on cryptocurrencies – July 27, 2021,
So yeah, instead of lowering costs, the Democrats as per usual are finding ways to increase costs on Americans who don’t give a damn about Bitcoin. Via the government Bitcoin which as I’ve stated in many posts has its value tied to the ever-depreciating U.S dollar is speculation that exists because the Federal Reserve won’t NORMALIZE interest rates.
Bitcoin isn’t tied to any commodity, its value is US-dollar-dependent, people speculate on all sorts of things, there’s a huge speculation on Hunter Biden’s art is Hunter Biden’s art worth millions of dollars? Well so long as Hunter Biden’s daddy is president it could be worth $10-million or billions, you know so long as that Russian pipeline gets through.
If big corporations gamble on Bitcoin, well then people invested in those billion-dollar corporations have a case, but those billion-dollar ASSET rich corporations also have a case against the Federal Government and Federal Reserve for these abnormally low interest rates?
Any shamefully I at one time thought Elizabeth Warren could have become President of the United States, she had a chance until we found out, at best she’s 1.5% Columbian, Mexican, and/or Peruvian?
According to the test, Warren’s DNA is between 1/64 and 1/1032 Columbian, Mexican and/or Peruvian (used as proxies for measuring Cherokee heritage for reasons described in the report); between 0.1 percent and 1.5 percent of her DNA may be Native American in origin; she may have had a Native American ancestor between six to 10 generations back.
DNA is irrelevant — Elizabeth Warren is simply not Cherokee | thehill.com
I was actually being generous in the title of this post, as were the people taking the test, 1/64 – 1/1032 divided into three different Native populations, they are closer to Central America? Anyway, so yeah, umm, the government can only tax bitcoin at the point of sale, which is why I don’t accept Bitcoin at any of my stores because it wouldn’t surprise me if these Leftist lunatics make these cryptocurrencies laws retroactive.
We’re headed towards a deflationary death spiral as government costs rise, the economy deflates and the cure is for the Federal Reserve to create more liquidity that only the U.S Government is going to be dumb enough to consume.
As we’re all seeing the retail banks and a lot of financial institutions want no parts of this looming economic disaster, banks are still refusing to lend in the manner the government demands and we’ve reached a point that China already has centralized digital currency, which I personally believe is headed for complete failure.
Bitcoin is a response to 0% interest rates, that’s why it’s here, Bitcoin takes out the middleman(commercial banks) which is where this whole idea of a “Fed-Coin” comes from, but the Federal Reserve wants no parts of a “Fed-coin”, the Fed doesn’t want to be blamed for a potential market crash now, let alone if there was a crash under a Fed-Coin system.
I call it like I see it, we’re headed for a deflationary crash, the Democrats are looking for something to blame, right now it’s White privilege, Bitcoin, and the rich, later it will be something else, the mob is always looking for an enemy to destroy, so do your best to anticipate their actions
Interesting times ahead!