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.
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.
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