What About Crypto?
- thhfinc
- Dec 15, 2022
- 2 min read
Like a ‘spendthrift’ nephew put in charge of Grandma's Estate, and there wasn't a penny left when Grandma died, is to paraphrase the U.S. Government flirting with Crypto (Bitcoin). What is Crypto? It is an electronic image game, that has no guaranteed value, of any kind, by anyone, the only value it has is by the speculators who hold ‘shares’, like in a ‘Ponzi’ scheme, and hope to ‘unload’ before the collapse, just as a group of ‘investors’ simultaneously dumped FTX a few days ago, leaving thousands of ‘speculators’, or shareholders, holding the empty bag. The U.S. Government is already recognizing this ‘junk’ currency, it's allowed in the U.S. stock exchanges, and is considered by the SEC as a ‘security’. Could there be a reason the ‘Ruling Class’ would allow such a threat to the U.S dollar, long recognized around the world as the instrument of ‘payment’, because it is guaranteed by the ‘full faith and credit’ of the United States? Yes, like a giant fraud, even larger than the Advantage Plan foisted onto Medicare, and enriching insurance companies and medical facilities beyond their fondest dreams, there is a potential use of the ‘junk’ cryptocurrency. For instance, take uncontrollable debt and spending by the government, not only ours, but nations around the world. In the U.S. government debt is part of the political process, and when a part of the debt or obligation becomes ‘distasteful’ to the political elites they search for a way to avoid meeting the obligation. Take Social Security for instance, that is not a gift, the majority of the people receiving Social Security payments paid into the ‘fund’ for many years. Social Security is a contract with the government, the government has the moral, and legal, obligation to honor those payments. The obvious solution for the Political Elites, ‘Crypto’, we will just make the S.S. payments in Crypto, and the government can claim they honored the contract. All other obligations could fall victim the same way! Is this ‘nightmare’ for real? It damn sure is, and we better wake up!
Have a nice day!
December 15, 2022
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