Skip to main content

Wall Street mafia proves again its panic in front of the perspective of Bitcoin & other CryptoCurrencies


It was the turn of Warren Buffett and his loyalists to attack not only on Bitcoin, but this time, on other CryptoCurrencies too. As RT reports:

Warren Buffett said he doesn’t own a single bitcoin and has no plans of investing in it, with the billionaire predicting a “bad ending” for cryptocurrencies. “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending," Buffett told CNBC's ‘Squawk Box’ program on Wednesday.

According to the chairman and CEO of Berkshire Hathaway, he will not take a short position on bitcoin futures. "We don't own any, we're not short any, we'll never have a position in them," he said. "I get into enough trouble with things I think I know something about. Why in the world should I take a long or short position in something I don't know anything about," the billionaire investor explained.

Buffett's stance was fully backed by his right-hand man, billionaire Charlie Munger, who also appeared on the program and called bitcoin and its fellow cryptocurrencies “bubbles.” Investors “are excited because things are going up at the moment and it sounds vaguely modern... But I'm not excited,” he said.
Image result for cryptocurrencies

Let's remember previous attacks made by the Wall Street 'Gurus' against CryptoCurrencies quite recently:

- JPMorgan CEO Jamie Dimon's statement about Bitcoin could be considered the official war declaration on the digital currency by the global financial mafia. Dimon's remarks were quite impressive: "It's worse than tulip bulbs. It won't end well. Someone is going to get killed," Dimon said at a banking industry conference organized by Barclays. "Currencies have legal support. It will blow up." Dimon also said he'd "fire in a second" any JPMorgan trader who was trading bitcoin, noting two reasons: "It's against our rules and they are stupid."

- Then, it was the turn of another Wall Street 'big boss' to continue the war. As The Guardian reported: The boss of Goldman Sachs became the latest high-profile critic of bitcoin, claiming it was a vehicle to commit fraud as the value of the cryptocurrency plunged 20% in less than 24 hours. Lloyd Blankfein, chief executive of the US investment bank, said: “Something that moves 20% [overnight] does not feel like a currency. It is a vehicle to perpetrate fraud.

Bitcoin's skyrocketing value, as well as the obvious panic of the Western banking cabal could be explained by a sequence of recent events.

Recall a recent statement made by the Head of the Russian Direct Investment Fund (RDIF), Kirill Dmitriev, that the BRICS are considering to create their own CryptoCurrency for the purposes of global commerce.

As has been described recently, Russia also made a first move to issue its own CryptoCurrency. While Vladimir Putin implied that CryptoRouble comes as a natural attempt by Russia to participate in rapid developments in the sector of monetary and commercial transactions, it is quite probable that there are other reasons too. At the time where Russia struggles to overcome continuous sanctions by the West and BRICS seek complete independence from the Western monetary monopoly, the move could contribute significantly towards the achievement of both of these goals.

Finally, the fact that China is ready to dominate the CryptoCurrency markets using supercomputer power superiority, and probably become the key issuer of a possible BRICS CryptoCurrency in the close future.

This is a picture of a rising, major economic bloc, trying to decouple its national economies from the devastating consequences of the global domination of US Dollar. So, this is something that explains the panic which spreads rapidly among the representatives of the Western banking cabal.

Yet, Buffett's statements above could be considered a threat too. We mentioned that the problem is not just that the Bitcoin market is dangerously resembling the functioning of the casino capitalism. That's how financial capitalism works for more than forty years now, based on the dollar as the global reserve currency. A system created by the neoilberal doctrine and gave us big financial crises, instability, inequality.

The biggest problem is that, since one can buy Bitcoins with classic currencies, the Bitcoin market is automatically connected to that system. Which means that, sooner or later it will be 'contaminated' by attracting, for example, all kinds of speculators coming from the 'dark side' of the dollar-dominated financial capitalism.

Which means that, although Bitcoin is a decentralized CryptoCurrency, the Western banking cabal knows how to destroy it: simply by 'contaminating' it with all the speculative factors that are necessary to create a big bubble that will burst (although not that easily in the case of CryptoCurrencies).

Therefore, the Western banking cabal will seek to destroy Bitcoin before it finds a safety net in a system flooded with decentralized CryptoCurrencies and other CryptoCurrencies issued by a major rival bloc.

Comments

Popular posts from this blog

Κυβέρνηση Σαμαρά: Πιο νεοφιλελεύθερη και από την Τρόικα!

Ο πρόεδρος της επιτροπής για θέματα ανταγωνισμού του Επαγγελματικού Επιμελητηρίου Αθηνών, Γιώργος Φλωράς, αποκάλυψε στην εκπομπή του δημοσιογράφου, Νίκου Χατζηνικολάου, ότι η έκθεση του ΟΟΣΑ, με βάση την οποία συντάχθηκε το τελευταίο πολυνομοσχέδιο, είναι ουσιαστικά δημιούργημα του ΙΟΒΕ!
Ανέφερε χαρακτηριστικά ότι:
Οι προτάσεις αυτές δεν είναι του ΟΟΣΑ, αλλά του ΙΟΒΕ και της Επιτροπής Ανταγωνισμού, δηλαδή κυρίως των Χατζηδάκη και Στουρνάρα και ότι η κυβέρνηση στην ουσία χρησιμοποιεί την Τρόικα για να περνάει τις θέσεις των πολυεθνικών, μεγάλων αλυσίδων σούπερ μάρκετ, κ.λ.π.
Ο κ. Χατζηδάκης, τονίζει συνεχώς σε ότι έλεγε ότι 'εμείς χρησιμοποιήσαμε τον ΟΟΣΑ γιατί είναι αντικειμενικός, έχει την αξιοπιστία, έχει τη διεθνή εμπειρία κ.τ.λ.' και γι'αυτό βγήκε και ένα κονδύλι 936.000 ευρώ για να γίνει αυτή η έκθεση. Η έκθεση ξεκινάει αναφέροντας στη σελ. 2 ότι οι θέσεις μέσα σ'αυτή δεν εκφράζουν απαραίτητα τον οργανισμό.
Η έκθεση αυτή δεν είναι του ΟΟΣΑ, είναι μια οργανωμένη απάτ…

Panicked neoliberal tools attempt to trigger a war of generations against AOC's progressive counterattack

globinfo freexchange
We were slightly surprised to see such an article title in one of the primary info tools of the global neoliberal regime and financial capital. But the subtitle immediately clarified everything.
When we read the title “Alexandria Ocasio-Cortez and the Revenge of the Millennials” of the article in Bloomberg, we thought that we might be in front of a small miracle. We thought that the time has come for some people inside the core of the establishment apparatus to admit that the younger generations have lost dramatically from this brutal system. And so, the time has come to overthrow it, take their 'revenge'.
But no, it was too good to be true.
The subtitle immediately revealed the trick: “The Democrats’ major economic initiatives tend to favor the young at the expense of the old.”
Then, inside the article we read: “Almost every major new economic initiative proposed by Democrats — the Green New Deal, Medicare for all, debt-free college — has a common feature: Un…

It seems that Bernie Sanders got it all wrong again, this time regarding the situation in Venezuela - very disappointing

globinfo freexchange
In an unfortunate series of tweets regarding the situation in Venezuela, Bernie Sanders exposed his weak spot again on foreign policy matters.
Sanders tweeted:
The Maduro government has waged a violent crackdown on Venezuelan civil society, violated the constitution by dissolving the National Assembly and was re-elected last year in an election many observers said was fraudulent. The economy is a disaster and millions are migrating. 1/3 — Bernie Sanders (@SenSanders) January 24, 2019
The United States should support the rule of law, fair elections and self-determination for the Venezuelan people. We must condemn the use of violence against unarmed protesters and the suppression of dissent. 2/3 — Bernie Sanders (@SenSanders) January 24, 2019
But we must learn the lessons of the past and not be in the business of regime change or supporting coups—as we have in Chile, Guatemala, Brazil & the DR. The US has a long history of inappropriately intervening in Latin Amer…

Canada has been trying to destabilize Venezuela at least since 2004

globinfo freexchange
Paul Jay, editor in chief at The Real News, gave some very interesting information - some based on personal experience - about Canada's total alignment with the US on its imperialist missions against Venezuela and other countries:
Mexico was part of the Lima Group, but now with the new leadership - with AMLO now taking office in Mexico - Mexico is not going along with this plan to recognize Juan Guaido. And Mexico is not the only country of the region. Many, many countries of CARICOM have come forward and have said they do not support this plan. So, the corporate media is trying to make this sound like the whole region is on board with this scheme.
For months, Canada has been playing a leading role in preparing for - according to the Canadian newspapers - for exactly what happened, the recognition of Juan Guaido.
And Canada has been into this scheme for months. And the rationale is supposedly that the election of 2017 was not a legitimate election because people w…

Former Pentagon official confirms: Trump prepares for war with Iran

globinfo freexchange
Right after Trump's sudden announcement that he will withdraw the US forces from Syria, we had some mixed reactions. Some liberals reacted angrily, but most of the reactions from the liberal machine were rather moderate, or at least not as intensive as someone would normally expect.
On the other hand, Trump's supporters and all those who had enough of the pro-war neoliberal establishment, felt a kind of vindication, as it appeared that Trump would eventually keep its promise for an 'anti-interventionist' policy.
But the blog wrote immediately a 'not so fast' article to explain that most of the Americans and all those who are tired of the US endless wars, should not rush to celebrate. We estimated that Trump's move is probably a sign that he is going to re-organize troops and go after the big target called Iran.
Indeed, shortly after the move, Trump, suddenly again, announced that he will also pullout troops from Afghanistan.
And then, about…

Jeremy Corbyn + Brexit = UK's liberation from the EU neoliberal barbarism

With Tories in power Brexit would be meaningless
globinfo freexchange
As has been mentioned in previous article, Brexit could play a much more critical role in the future course of Europe, apart from being treated just as a result of national pride - wounded Britons alarmed by the sirens of patriotism.
While the Brussels-Berlin axis will seek to implement all the conditions of the Greek experiment inside the EU, the Labour party under Jeremy Corbyn could become an example against this dark future. While the Greek PM, Alexis Tsipras, suffered a heavy defeat as went unprepared in the battle with the ruthless neoliberal priesthood, Corbyn should go to the battle with the neoliberal regime after a good preparation and a well-constructed plan.
Costas Lapavitsas explains why only outside the EU, the UK will have a chance to turn left - with a Labour government under the Corbyn leadership - in order to implement progressive policies for the benefit of the vast majority:
The European Union has bec…

Pompeo's special tweet potentially indirect threat against those who won't follow the orders on Venezuela

globinfo freexchange
After John Bolton indirectly threatened Venezuela with that 'accidental' revelation of about 5,000 US troops to be sent to Colombia, it was Mike Pompeo's turn.
In a peculiar tweet, the other major Trump warhawk essentially sent a clear message to those countries (mostly under the US influence) that refused to recognize Washington's puppet, Juan Guaidó, as the legitimate president of Venezuela.
Pompeo named one by one the countries that obeyed to Washington's orders: “We applaud Austria, Belgium, Croatia, Czech Rep., Denmark, Estonia, Finland, France, Germany, Iceland, Latvia, Lithuania, Luxembourg, Macedonia, Netherlands, Poland, Portugal, Spain, Sweden & UK for supporting Venezuelan people by recognizing @jguaido today as Interim President.
And then he placed a map, colouring the obeyed countries and the US with the same intense color.
We applaud Austria, Belgium, Croatia, Czech Rep., Denmark, Estonia, Finland, France, Germany, Iceland, Latvi…

When Venezuela's state-owned Citgo was aiding poor Americans with a 'fuel for heating systems' program

globinfo freexchange
A report from 2011 proves that the Venezuelan government designed a special program to aid the poorest US citizens overcome funding difficulties to heat their homes, through Citgo Petroleum Corporation, subsidiary of the state-run company PDVSA.
Citgo's heating fuel program began in 2005 after the passing of the hurricanes Rita and Katrina, but it didn't stop there. It continued uninterrupted for several years under Hugo Chávez' administration:
For seventh year in a row, the CITGO Petroleum Corporation (or CITGO), subsidiary of the state-run company Petroleos de Venezuela (PDVSA), will aid poor communities of the United States (US) with a program of fuel for heating systems.
CITGO president Alejandro Granado, through a press released in the website of Venezuela's embassy to the United States, said the increasing costs of energy continue affecting the quality of life of millions of US citizens and community organizations in that …

#HandsOffVenezuela: Brave Italians show us the path of resistance against the European branch of the neoliberal beast

globinfo freexchange
According to RT, Italy vetoed EU recognition of Venezuelan opposition leader Guaido. As RT reported:
Rome has effectively derailed an EU statement meant to recognize Juan Guaido as Venezuela’s interim leader if President Nicolas Maduro fails to set up snap elections, a Five Star Movement source confirmed to RT.
Italy announced the veto at an informal meeting of EU foreign ministers that started on January 31 in Romania, the source said. The statement, which was supposed to be delivered by EU foreign affairs chief Federica Mogherini recognized Guaido as interim president if snap elections were not held.
The European Parliament is the first European body to recognize Guaido “as the only legitimate interim president of the country until new free, transparent and credible presidential elections can be called in order to restore democracy.
The parliament urged the EU to follow suit but the effort stalled due to internal discord.…

Government shutdown, Venezuela: Donald Trump evolves into the best propagator of neoliberal fascism that tends to become a norm

by system failure
Even before the 2016 US presidential election, this blog supported that Donald Trump is a pure sample of neoliberal barbarism. Many almost laughed at this perception because Trump was being already promoted, more or less, as the 'terminator' of the neoliberal establishment. And many people, especially in the US, tired from the economic disasters, the growing inequality and the endless wars, were anxious to believe that this was indeed his special mission.
Right after the elections, we supported that the US establishment gave a brilliant performance by putting its reserve, Donald Trump, in power, against the only candidate that the same establishment identified as a real threat: Bernie Sanders.
Then, Trump sent the first shock wave to his supporters by literally hiring the Goldman Sachs banksters to run the economy. And right after that, he signed for more deregulation in favor of the Wall Street mafia that ruined the economy in 2008.
In 2017, Trump bombed Syria f…