Buried deep in Tesla’s 2020 annual report – Tesla buys $1.5 billion worth of Bitcoin – February 8, 2021,

I have to be honest, when I read the article below, the first thing that came to my mind was Black Monday, October 19, 1987. Today is Monday, February 8, 2021, but for whatever reason, I can’t get Black Monday out of my mind. So, with Joe Biden and the Green New Deal at the forefront of the global economy for the next 4 years, I can’t help but think that there’s a possibility that a new world that I don’t understand is emerging, my issue when I look at a lot of the new innovations is that a lot of them are based on a malinvestment.

Bitcoin is a response to horrible central bank policies and Tesla Inc is based on a driven man who had to think big to pay off the Progressive Policymakers who are the real reason why we have yet to have a truly green revolution. What Elon Musk has done is shaped the U.S dollar for perpetual currency devaluation and based on that premise, I think betting on Bitcoin is a safe bet.

Some like me believe that there’s a breaking point for the U.S dollar, in which they have to raise interest rates or put Gold back into the currency, but others are saying the hell with a Gold Standard, a Crypto-Currency standard is far more efficient and forces governments all over the world to abort war and live within their means.

Where I have a problem with a fixed fractional reserve banking system is that the Gold Standard tried that already. If people forget why the Welfare State exists in the first place, it’s because it’s basically ‘suing for peace’. Leftism is a disease that is hard to shake off because the Leftists always have and always will have something to complain about.

Leftists care little about the standard of living improving, what Leftists want is ‘Equality of outcome’. That’s always been their rallying cry and that’s why we have an elastic money supply. With that said Crypto-currencies have their place as will a digital centrally controlled dollar that already exists in Communist China.

I just don’t know if Bitcoin or the crypto-currency market is ready to fight off their back foot, because all I’ve seen so far is a march forward by Bitcoin, Peter Schiff has been the only public figure I’ve noticed really pushing back.

I’ve tried crypto, bought in, I still don’t like it, just being honest, because similar to Google, Facebook, and the social media giants, everything I’m doing in crypto is being traced. The thought that keeps swirling through my mind is central banks, big governments, and random people following all of my transactions, cashless societies, relying on a centrally controlled grid, and the government having the ability to shut my income down.

Sure Cash and Gold have their drawbacks, but I like the autonomy of Gold and even to a degree paper money. If I’m ever deemed a threat by a tyrannical government and everything is digital, if I’m not tech-savvy I have zero chance to defend myself. Many of us have heard of people having their bank accounts freezer, well most of us hoard cash, gold, and silver because of that, however, if the world is all digital, gold and cash could only be used digitally if let’s say I needed legal representation and all my digital money was frozen.

So from my standpoint Bitcoin is a luxury a digital dollar is a luxury, that I’m still not comfortable with using, which for me lends the idea that if Tesla is investing in Bitcoin, are we headed for a Black Friday event, or am I looking at the world from an old man’s perspective.

I personally think teslas stock is overly inflated and if let’s says the central banks tightened and started raising interest rates, this bubble bursts, I’m also not sure central bankers want the responsibility of issuing banknotes to the public without direct government orders because they’ll need someone to blame when things go wrong and the general public is unforgiving when things go wrong which is why a complex government is usually the preferred choice for power-hungry psychopaths in Western Nations trying to avoid war!

A bloated asset purchasing a bloated asset!

Musk’s Tesla electrifies bitcoin with $1.5 billion bet, car payments pledge | reuters.com

Interesting times ahead