preshpr1nce
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April 01, 2018, 04:36:43 PM |
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His article is a little off, futures were introduced for gold in the 1970s and the price tanked a little and continued to rise, I do agree futures can be used to hold a price down though, so he's not completely off.
Let me tell you why he's a little off on things here though, well at least speculate on an area any way.
So the cartel who manipulates the price of commodities are not wealthy whales, it's not wealthy bankers like your JP morgans, it's the people who control the FED and the whole monetary system we use today, some might have an idea who these people are, it's not your big name billionaires though, it's a large family.
Yes he's correct that any item which poses a threat to paper back becomes controlled to keep the current system in place, but you have to realise the current system is not going to sustain, it's been declining for a long long period and these people are extremely smart when it comes to control, they have a very long history and have learnt A LOT and only got better with time, they use the USD as a reserve to control the planet but other powerful countries are now turning to alternatives to move away from this, both China and Russia have a strong interest in gold backing their currency and recently we've seen the gold backed petro yuan come in to play, the military might of America can no longer contain these countries so we enter currency wars.
If we look back to the GFC in 08, many say this was a bubble and was a normal market reaction, but the banks let this happen, if you look at the lack of care from the banks around lending, to argue the top economists couldn't predict where this was going to end up makes you a little naive, it created a lack of trust among many people, what came next was Bitcoin and the crypto market, the GFC set up the perfect situation for people to look in to a new approach which is what we've seen with the dream of a new decentralised currency, was this just chance? Who knows..
Now if we go back, prior to even 2008, it was quite obvious that the current system was losing some steam, if you control the world monetary system you are not going to sit back without a plan while other powerful nations start pulling away from your system, you'll set up the next move to ensure global power, I believe this is the idea behind crypto currency and we've all been deceived and sold a lie about a free decentralised currency.
If we look at the top Bitcoin wallets, some of which have been around since the earliest price points, why have they not sold even at $18k? even if you have the strongest belief that this will go all the way, imagine the life changing impact which could come from cashing out a small percent, yet their wallets remain still.
The biggest piece of deception is that Bitcoin will remain decentralised, if BTC did become a global reserve then the people who hold the most essentially hold power, just like we see in our current system, now why haven't they just bought it all up < $1000 if this is the case? adoption and the illusion of being decentralised is extremely important, things will happen in phases, it'll be interesting to view the spread of BTC in a few months to see if this theory has any ground, if I'm correct they are accumulating a lot more as we speak, using futures and fear to drive down then buying back in patterns, this isn't about profit at all but control.
A lot of the issues we see with BTC won't be issues in the future, high fees today is much like the idea of downloading a 1GB file on a 56k connection many years ago, as technology improves, mining becomes faster, fees will reduce, untraceable blockchain is already becoming a thing of the past, picture it in 10 years.
Imagine a currency where every single transaction is monitored with a complete history and no ability to launder, it's a huge improvement from a control point over fiat.
Remember, these people are far smarter than this, they would of killed it in the early days, they would of had their pawn countries ban it already, yet we see very positive talks about the technology from the IMF and other big money players, to think we've got it right now with "futures was implemented to kill Bitcoin" undermines the intelligence of these people, they think 20+ years a head of us and are great at creating illusions, a lot of people still think Federal reserve is controlled by the fed.
Where does this leave us? can we do anything about it?
No we can't, we are dealing with people who have enough money to play this like a flute, but if we look at the bigger picture, they have a goal and always have of a global currency and this is the only thing going at the moment which could fit that profile, if I'm correct and this is a very clever plan for a one world currency, we would be very stupid to sell now, even if prices do drop 50%
If this does become a global norm, the price fantasy of $1 million per coin starts to look very possible, but measures must be taken to ensure no average joe gets enough to have control, so we'll see many more price flush outs in the future if this is the case, challenging the hands of big holders.
It could also be that I'm giving them too much credit here and this really is a price strangle, I may of also just had a few too many drinks tonight.
Regardless, try keep an open mind, the article posted seems a bit too convenient when compared to bigger things, they don't need futures to control such a small market but it does give an extra layer of control during this phase.
Hang in tight and just have belief, there isn't really any other option for a new currency which gives the current powers the level of power they already have, gold and other commodities are spread too much and too hard to get hold of, gold backed or any other commodity backing won't work for currency any more from a power point of view, this on the other hand works perfectly.
HOLD is your only chance.
Cheers!
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