the financiers of the #pedophile Epstein Class want you to believe if their fanstasy valuations disappear, so will the global #economy.
girfters only know one thing: GRIFT. the crypto/AI house of cards is tumbling & they want to scare us into bailing them out.
AGAIN.
but economies are human activity, not financial instruments.
BITCOIN’s FAILURE IS A “MARKET CORRECTION”
bitcoin billionaires are economics failures.
deal with it.
https://futurism.com/future-society/bitcoin-tanking-death-spiral
@blogdiva Time to short hard
@blogdiva Would the pedos lose money when a market correction occurs? For sure. But there's enough cash under their sofa cushions to pay for free school lunches for all of the USA for several years.
Besides - those pedos would be in jail with Ms. Maxwell and not have to worry about cash except to buy Cup Noodles for a special meal.
@blogdiva never forget that when the economy goes down, we the people don't go down. Its them the billionaires, and nothing could be better for us than that right now
@blogdiva I was watching the BTC bonfire today. It did hit 60K. Too bad it went back up.
If the collapse of a Ponzi causes the collapse of the economy then the economy was hollow and fake to begin with.
@blogdiva Bitcoin has slow transfers, high fees, and no privacy. It is very bad money.
If we had good money, if we had even ok money, if we had not-horrible money, then Bitcoin would be a technical curiosity.
The billionaires have debased the dollar to the point that anything else looks better by comparison.
Inflation benefits them. They can borrow against assets, and then just take out a bigger loan later to pay the old one. No, they do not eventually have to pay. Only the peasants do.
@blogdiva The U.S. economy has been grift-based for quite a while now.
@blogdiva On the plus side for them: They'll look less tasty to some folks
@blogdiva I always thought Bit coins were a have. Not REAL - in my mind. Still can't get my head around it. Did I miss much?
@blogdiva And let's be honest, crypto has only proven useful for criminals. I doubt ransomware would be a thing if it weren't for Bitcoin et al.
@blogdiva yeah because it's known the economy did not exist before crypt.... wait a minute xD
@blogdiva Agreed re: market correction. Overdue really.
@blogdiva Bitcoin is a negative-sum game. There’s zero intrinsic value or utility in a bitcoin, and the whole system cost enormous amounts of power to run. The destruction of value is inevitable.
@blogdiva
There are still some hard-line real economists in positions of power, let's hope they survive long enough to hold a line.
