OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» X-ray tech dies after receiving 2nd Pfizer vaccine, OC coroner investigating
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info EmptyToday at 2:11 pm by RamblerNash

» The Murky Ethics of Paying People to...
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info EmptyToday at 12:04 pm by PurpleSkyz

» C’mon, Joe
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info EmptyToday at 11:57 am by PurpleSkyz

» First Lawsuit Against Biden Administration WON!
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info EmptyToday at 11:05 am by PurpleSkyz

» Was Republican Senator Roy Blunt from Missouri arrested?
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info EmptyToday at 10:50 am by PurpleSkyz

» High speed object shoots down into the ocean near Lantana beach, Florida
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info EmptyToday at 10:40 am by PurpleSkyz

» Netherlands: 3rd Day of Anti-Lockdown Protests
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info EmptyToday at 10:37 am by PurpleSkyz

» Merck Says It’s More Effective To Get it and Recover
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info EmptyToday at 10:34 am by PurpleSkyz

» CNA Nursing Home Whistleblower Speaks Out - How many more lives need to be lost before we say something?
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info EmptyToday at 10:29 am by PurpleSkyz

» Hunts Point Strike Is the Bold Labor Action the Country Needs
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info EmptyToday at 10:24 am by PurpleSkyz

» Dr. Joseph Farrell - Aftermath: Emergency Powers And Earth Changes!
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info EmptyToday at 10:20 am by PurpleSkyz

» Washington Family Continues to Fight to Bring Son Home Who was Medically Kidnapped due to Medical Marijuana
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info EmptyYesterday at 6:17 pm by PurpleSkyz

» RUDY BRINGS THE FIRE: Giuliani Responds to $1.3 Billion Dominion Lawsuit AND IT’S EPIC
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info EmptyYesterday at 5:41 pm by PurpleSkyz

» David Rasnick: new strain of the coronavirus, or a giant con?
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info EmptyYesterday at 5:25 pm by PurpleSkyz

» Seed Companies Warn of Shortages, Delays – So Find Them Locally!
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info EmptyYesterday at 5:21 pm by PurpleSkyz

» 'Time for Talk Is Over. No More Excuses,' Says Sanders as Lawmakers Intro $15 Minimum Wage Bill
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info EmptyYesterday at 5:18 pm by PurpleSkyz

» Encounters With Star People: “They Meant Us No Harm. Grandpa Called Them Our Ancestors”
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info EmptyYesterday at 2:09 pm by PurpleSkyz

» 20 Minutes with Bridgette May 28, 2020~Seventh Eye Chakra (new chakra)
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info EmptyYesterday at 12:32 pm by Consciousness Of Economic

» The best remedy against a tormenting astral being
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info EmptyYesterday at 12:32 pm by Consciousness Of Economic

» 20 minutes with Bridgette May 26, 2020~Bird Medicines
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info EmptyYesterday at 12:30 pm by Consciousness Of Economic





***********

CLICK THE SUBSCRIBE BUTTON BELOW TO RECEIVE OUR DAILY NEWSLETTER

A 2ND EMAIL COMPLETES THE ACTIVATION PROCESS




CLICK THE PURPLE BUTTON TO VIEW OUR LATEST POSTS







You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info

Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin
Nobel Laureate Economist Joseph Stiglitz Says Bitcoin Doesn’t Serve Any Socially Useful Function
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info Ico-time1 Dec 2017 by Volubrjotr 
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info Comex_diving_sphere_mg_6144
The Comex
Bitcoin [Very Much Like Non Physical Silver Gold Fiat Paper Rigging Allowed At The Comex] is now operating in the realm of the Madoff Ponzi scheme: Plenty of people understand that it’s going to collapse because it is based on an unsustainable illusion. Plenty of people are warning regulators to not allow this illusion to continue. 

  • JP Morgan’s Massive Physical Silver Naked Short Position By Paper
  • JP Morgan Ordered To Stand Trial For Antitrust & Silver Market Rigging
  • Why Silver & Gold Are Not Presently $728.00/Ounce & $5,996.00/Ounce Respectively: The Economy Is One Big Scam


Bitcoin has soared this year by more than ten-fold, defying all of the Wall Street veterans who have compared it to the Tulip Bubble and/or a Ponzi scheme. That doesn’t mean that Bitcoin is a legitimate investment; it just means that bubbles have no set expiration date.
The Nobel laureate economist, Joseph Stiglitz of Columbia University, appeared on Bloomberg television yesterday and had this to say about Bitcoin:
“One of the main functions of government is to create currency. And Bitcoin is successful only because of its potential for circumvention, lack of oversight. So it seems to me it ought to be outlawed. It doesn’t serve any socially useful function.”
 
Consider the remarks Stiglitz made yesterday to our more detailed assessment along the same lines back in 2014. We wrote:
“The business writers at Reuters [owned and operated by deep state Rothschild] are also dead wrong on Bitcoin being like other currencies whose ‘value depends on people’s confidence in it.’
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info Evelyn-rothschild-stagman2
Let’s take the U.S. dollar. Backing the use of the U.S. dollar as a world currency is the following: a Congress made up of 435 Representatives in the House and 100 Senators in the Senate; 535 people elected from all over the United States who have the power to tax the income of every American receiving wage, dividend, interest or even Social Security income at whatever rate they see fit in order to pay the Nation’s bills and debt obligations to other countries.
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info Bitcoin-alchemy
Bitcoin • A move in the opposite direction toward transcendent unregulated immaterial notion of value representation.

  • 5 Ways To Bet Against Bitcoin’s Highly Speculative “Get Rich” Scheme: Rise & Fall Of Famous Bubbles

“There are two big mechanisms underlying the confidence in the U.S. dollar. Unlike many other countries which have a not-so-foolproof system of collecting taxes, in the United States Federal income tax is deducted from workers’ paychecks and sent off to the Federal government by the employer before the worker gets his hands on his paycheck. Every worker, therefore, becomes part of the store of value in the U.S. dollar.
“Next comes the billions in taxes owed on interest and dividends. Those are reported to the Internal Revenue Service under the individual’s social security number by the financial institution or company declaring the interest or dividends, leaving no escape hatch for not reporting and paying the taxes owed.
“When an individual or a financial institution tries to game the system to dodge paying their share of taxes to support the roads, schools, tunnels, bridges, national parks, and Federal law enforcement protections provided with those taxes, the government has both the ability and eager willingness to lock you up and/or make a public spectacle of you.
Just yesterday, Credit Suisse was outed by Senators Carl Levin and John McCain and the U.S. Senate’s Permanent Subcommittee on Investigations for aiding and abetting tax cheats. In 2009, Swiss bank UBS was outed on similar charges and paid $780 million to settle the matter.

  • Obama Excused U.S. Corporations From Paying $76 Billion In Taxes
  • General Electric Makes New Lear Jet In Mexico Where Unemployment is 4.9%: U.S. Taxpayers Bailed Out G.E. For $182.5 Billion. Thanx G.E.

Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info Bitcoin-bubble
“A digital currency that is backed with nothing tangible, that has no legislated power of taxation to support the currency, that has no Federal regulation over the people offering the currency, that has no independent, taxpayer-financed police to prevent counterfeiting of the currency [like the foreign federal reserve’s counterfeit USD], is not even a Tulip Bubble. A tulip is a tangible thing. This is just a bubble.” (Read the full article here.)
Unregulated currencies also have the habit of being used to facilitate crime. In 2013, the U.S. Department of Justice shut down an online outfit called Silk Road that used Bitcoins as an exclusive payment mechanism. On November 18, 2013, Mythili Raman, Acting Assistant Attorney General of the Criminal Division of the Justice Department, testified as follows before the U.S. Senate Committee on Homeland Security and Governmental Affairs:
“…the Department took action against one of the most popular online black markets, Silk Road.  Allegedly operated by a U.S. citizen living in California at the time of his arrest, Silk Road accepted Bitcoins exclusively as a payment mechanism on its site. The Department’s complaint alleges that, in less than three years, Silk Road served as a venue for over 100,000 buyers to purchase hundreds of kilograms of illegal drugs and other illicit goods from several thousand drug dealers and other criminal vendors.
The site also purportedly laundered the proceeds of these transactions, amounting to hundreds of millions of dollars in Bitcoins.  In addition to arresting the site’s operator and shutting down the service, the Department to date has seized over 170 thousand Bitcoins, valued as of this past Friday, November 15, 2013, at over $70 million. A separate indictment charges Silk Road’s operator with drug distribution conspiracy, attempted witness murder, and using interstate commerce facilities in the commission of murder-for-hire.
With regard to the murder-related charges, the indictment alleges that the Silk Road operator paid an undercover federal agent to murder one of the operator’s employees.”

  • JP Morgan Pumps Bitcoin With Euros
  • Lawsuit JP Morgan-Jamie Dimon: $Billions In Fines For Mortgage Fraud Then Caught Paying Fines Using Phony Mortgages

WHO’S THE REAL PONZI SCHEME OPERATOR?
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info Barack-obama-worse-then-bernie-madoff
Bitcoin is now operating in the realm of the Madoff Ponzi scheme: Plenty of people understand that it’s going to collapse because it is based on an unsustainable illusion. Plenty of people are warning regulators to not allow this illusion to continue.
But, hey, this is also the land of the libertarian Koch Brothers where the workings of free markets are sacrosanct and can’t be tampered with – even when it’s inevitable that they will end up disgracing the legitimate marketplace.
Wall Street On Parade
Bitcoin Doesn’t Serve Any Socially Useful Function plus MORE Bitcoin info Bitcoin-communism
 
Thanks to: https://politicalvelcraft.org



  

PurpleSkyz

PurpleSkyz
Admin

https://youtu.be/OSlQ-0ymb10



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum