Post by
mrmomo on Jan 18, 2021 11:02am
Bitcoin, Biden & going Bust!
Well my friends, it seems we are setting up for a prefect storm here......for Bitcoin that is! Who would have thought that full blown socialism would finally come & would also be the norm in a place like the good Ole US Of A? If you would have told anyone just even ONE generation ago that would be the case, you would have been sent into the looney bin, locked in there & the key thrown away. But here we! How times definitely change! And this time NOT for the better i'm afraid.
Once a bastion of strength, resilience & the center for ANY innovation, including being the main artery pumping life into global growth, all that is being washed away and being flushed down the proverbial toilet of an empire in severe decline. Where once opportunity was there for those who seeked it and WORKED for it, has since disappeared and completely transformed. Where once such things as work ethic, merit, skill & competence meant something and were the main drivers of success have since been removed & replaced by such ideological things as inclusivity, diversity & equality for all............and nothing else matters or is of ultimate importance!
Just imagine for a moment, if we would have applied this line of thought to our professional sports teams! How do you think that would turn out? Especially for those treams that do apply this type of thinking against those that do not? Probably not to well in the end! So why in god's name are we doing it & PUSHING IT to something much more important than sports? If a sport team looses terribly and is eventually made meaningless because of this path of action, it probably does not concern many except the team players & the its owners. BUT if a Gov't establishes laws & forceably institutes this ideaology across the board from high level Gov't all the way down to the individual, then we have a MAJOR problem on our hands! Remember, If a sport team continually racks up losses and NEVER wins because of this, it eventually becomes nothing, disappears and MAYBE rebuilds anew somewhere esle. On the other hand, when you are talking about an whole "fully functional & self sustaining" country......an empire really.......... once THESE THINGS are in major decline because of this ideology, they NEVER come back......they are either completely transformed or cease to exist entirely! I think the Greeks & Brits have a VERY good understanding of what could happen here......and imo is the process of happening!
In just a FEW days from now, Mr. Biden & Team will be sworn as the next President & administration for America. I've personally never seen a WEAKER admininstration than this one about the lead the United States Of America. If you thought the Obama or Bush jr era was bad or the worst, wait until this one starts to implement their agendas! It will be on a completely new level of rock bottom leadership. What you have here folks, is an upcoming President, close to 80 years old!!!! (nothing against ole folks but!), not only having advanced age but VERY questionable & severly compromised mental abilites! Should anything happen to him.....either by choice, by force or by chance, you WILL have the thrown in the hands of someone EVEN worse! If that's at all possible! Think about for that for a moment, it should send shivers & chills up your spine if A Biden presidency hasn't ALREADY!
When the transfer of power is finally complete, and Mr. Trump is finally sent on his way out permanently and Mr. Biden is sworn in as the 46th president of these UNITED (maybe not so anymore!) States of America......it will mark a PIVOTAL moment in history. A moment when future historians look back to see where things accelerated down the wrong path and where it ALL WENT WRONG. Having bascially control of both house & senate, i suspect Biden & his cronies will quickly try to implement the following three pronged legislstion.
The first, pass a humungous "carte blanche" stimulus package.....basically just capret bombing the whole country with FREE MONEY. I assume there will be at least 2 or 3 multi-trillion dollar bills in the range of 1.5T-3T in the next 24 months. the printing press will be DEFINETLY working overtime here......24/7....366 days a year on HYPERDRIVE. Imo, these bills will eventually set up and prepare folks & country for a PERMANENT univeral basic income for ALL. The second, tear down EVERYTHING Trump had built to control & hold back immigration (especially third world), followed up by creating laws to literally open the flood gates and keep them open PERMANENTLY! These two agendas combined alone will create an evironment where there will be an influx of immigrants on a scale the USA has NEVER WITNESSED. If you think the country has severly changed "demographically" now, just wait and see what happens in just 10 years! The last time ANYTHING like this happened on such a huge scale was during the Roman Empire two milennia ago. The difference being the Romans conquered and brought in those conquered people BY FORCE into their Empire as slaves in massive numbers! Here we're just creating laws to completely facilitate AND leaving the doors completely opened for them to walk though FREELY! In the end, the end result is the same.....i'd say probably even worse for the USA.
As for the third "ITEM" they might do.....it's a toss up for me . I'm really not certain which of the two they will try first......maybe it could also be both, who knows! These are Reparations & Univeral Health Care, two hottly contested issues with a HUGE amounts of backers on both sides of the aisle. Wont' get into any discussion about these topics now, but suffice to say IF BOTH are implemented at some point down the line, it will not only completely bankrupt the country financially but will also pave the way for a possible break up of the union IF the first batch of laws mentioned earlier haven't already done so!
So what does all this have to do with Bitcoin? Well, if you haven't figured it out already, let me TRY to make this easy for you. Right now, the only people buying up Bitcoin & holding it as a "store of value" are the Asian states, savvy investors (both small & large), some young folks like millennials AND VERY few peoples & Gov'ts of falied states. That's about the majority of the Bitcoin masses .....right NOW. Now think about this, What do think will happen when the world's reserve currency, under assult right now, ceases to exist? Who or WHAT do think is going to fill that void? Another currency....maybe like its "possible successor" the Chinese Yuan? Forget it, The European Union, America (what's left of it) and other Western societies won't have it! If you think there wan't much faith in the American dollar before, there's even LESS in that possibility. Mabye something else like the Japanese Yen or Swiss Frank or Euro dollar? No chance imo, once the US dollar falls and all faith is lost in fiat, paper money it will NEVER transfer to another or comback at all!
So what's left? Gold? Silver? Though both are possibilites and both are a solid, time proven STORE of value, they both share common disadvantages as both being physical metals. Adoption, versatility & supply. As the latter isn't that much of an issue, eventually correcting itself by a surge in prices, the former two are.....and are indeed BIG problems. The adoption issue is key here, even more so than the veratility factor as the up & coming generations don't want ANYTHING to do with gold OR silver. They were born out of, grew up in , trained under AND groomed in an age of technology......not one of the past. Besides you ask anyone under the age of 30 if they prefer to walk around with a cell/moblie and a crypto wallet OR an ounce of gold/silver? I'm sure you know which of the two will get a resounding approval!
So what's really left here folks? I think you know the answer to this. I need not to even say it. As much as many here might despise or hate that fact, it changes nothing. This is the direction the world is going in and there's literally nothing ANYONE can do to stop it! Maybe some day something similar MIGHT be able to replace it, but imo for the next 25 yerars or so Bitcoin is going to be king and reign supreme......maybe even for next 50 years, because as you know people are VERY slow to adapt & accept ANY change!
Good luck & God speed