And sorry, Bitcoin Fanboys, or Fanboys of any of the other debt-based crypto “currencies”, because time is running out for you too!
The Bitcoin Fanboys and pumpers are out there pushing their pseudo-elixir pretty hard, again.
DO NOT BE FOOLED!
To say that Bitcoin is an unbacked, DEBT-BASED “currency” is a major understatement, because believe it or not, an energy supply, the hard drive space to store Bitcoin’s decentralized, central-to-Bitcoin ledger, and the computer processing power with network connectivity to make it all happen are not just all required for transactions of Bitcoin, but ever-expanding, by Bitcoin’s own inherent design, which is another way of saying Bitcoin is reliant upon exponential, unsustainable growth, just like the unbacked, debt-based Federal Reserve Note, commonly called the “US Dollar”, and not at all like a gold or silver coin, in-hand.
Furthermore, in so many ways, to compare Bitcoin to gold, which I’ve had the displeasure of getting bombarded by all week long, is gleeful, dumbfounded ignorance at best, and the comparison is an evil, hidden agenda at worst.
Let’s get real here: Do young social media junkies and selfie-addicted twenty to thirty-something year-olds who think they’ve reinvented the wheel really think they are going to be the beneficiaries of the “wealth transfer”, if they even know what that phrase means?
Only those People who own gold and silver, and to a lesser extent palladium and platinum, which aren’t mentioned specifically by name in the United States Constitution but meet all of the necessary requirements to be money just the same, will benefit from the wealth transfer, and if you didn’t know already, here’s a little secret: The Deep State Globalists absolutely hate the fact that us Silver Bugs, stackers and other smart investors know what is happening and have positioned ourselves accordingly.
Getting back to Bitcoin, it’s extra pathetic too, because so many people now realize that all of these corrupt markets are rigged, just like all of these corrupt elections are rigged, yet the people are supposed to believe that right now Bitcoin is rising in price naturally, on its own, and because of natural market forces?
Perhaps the sheeple think that, if they are even capable of logical thought in the first place, but to be honest, while I am indeed a linguist, I’ve never actually spoken Sheep, and so I’m not really sure, but I’m willing to go out on a limb here and say that I’m not quite so sure they are capable.
But I digress.
I think the Deep State Globalists are ramping Bitcoin because the Cartel du Jour is losing control of gold & silver, and for the common courtesy of a reacharound, they’re giving said cartel just a little more time to play, extra time if you will, or if I may, and besides, what Deep State Globalist doesn’t like a good fleecing of the sheep?
Well, the ones that prefer to slaughter, but let’s not go there today.
I’d be happy to argue this and more with any of the prominent Bitcoin Fanboys and pumpers out there, and I’ve been asking, but for some reason the sheeple never get baaaaaaack, and the people, well, they know they’re wrong, and they know I’m right, and so they’re sparing themselves the embarrassment, and as such, my calls, my emails and my Tweets go unanswered.
Regardless, as a public service announcement, let me make this point, and as to not mince words, let me make my point very, very clear: If you own Bitcoin for any single reason other than for gambling in a rigged casino, well, good luck with that, and good luck with the gambling!
I hope you can get out, and if you can, for your own sake, I hope the crack-up boom will have not wiped out anything and everything not nailed down.
News Flash: Just like playing Lotto is a tax on people who are bad at math, owning Bitcoin for any single reason other than for gambling in a rigged casino is, um, let’s just say that a person who owns Bitcoin for any single reason other than for gambling in a rigged casino is deficient in math, money, or technology.
And probably all three.
We are so far beyond the point of no return that in addition to the atrocious, vile smell, you can now hear and see the sheers & blades.
So be it.
Gold and silver are money, and haters are going to hate.
Just like last Friday, when I said the lockdowns were here.
Are they not?
They’re not letting the gold-to-silver ratio budge from the mid-upper 70s:
Pro Tip: Buying over 75 ounces of silver for 1 single ounce of gold means 1 free ounce of gold when the ratio hits 37.50, but only if and when you sell back those 75 ounces of silver for gold.
Follow-up to the Pro Tip: Smart people won’t sell at 37.50, however, because we know the ratio is going much, much lower than that by the end of this “cycle”, for whatever that means.
They’re mean-handed every time silver pokes its head above $24.50:
Look at the bright side: New Silver Bugs, stackers and other smart investors are still able to board this train.
That is, for now.
For now, they’re really wanting to keep gold under nineteen hundred bucks:
They’d probably love nothing more than a “death cross” as well.
Not that I think the charts matter.
It’s paint-by-numbers, you know!
Shameless plug time: Yesterday, Jim Willie said some pretty interesting things about the different ways in which the 2020 election was rigged:
Call Jim what you want, but don’t forget to call him a professionally trained statistician!
Don’t forget that platinum is still offered at a discount, year-to-date:
I think those looking for a post-Thanksgiving day smash are going to be disappointed this year.
This year has been pretty much a long, drawn-out consolidation with palladium:
Patience is a virtue, and if you need to up your patience, then go join the Army or something, and then you will be able to wait out anything!
And you’ll also come to learn that nothing lasts forever.
Except, of course, for gold & silver coins sunken to the bottom of the ocean.
Try that with a USB flash drive, Bitcoin Fanboys!
Do you even really know what’s obsolete, bro?
I keep trying to warn people the Era of Hyperinflation is here:
The people just don’t listen, however.
So to those who don’t listen, go ahead and have fun buying that five dollar wrapping paper from Target:
If it can still be found.
I’ve just found out that my brand new Giddy-Up Pick ‘Em Up Truck, which I purchased over the summer, still has less than 500 miles on it:
Forget what I’ve found, however, because word is, above ground crude oil storage is filling up again!
Do not confuse record highs in the Russell 2000 with a healthy heart:
It’s called “life support”, and that’s exactly what the braindead Heartbeat of America Index is on.
Of course, the sheeple are still happily, obliviously grazing:
Because why in the heck would the Deep State Globalists not want a higher meat yield?
Yield on the 10-Year Note is falling, just as expected:
Until we get our free markets back, the pressure is to the downside.
Get ready for a whole bunch of free money for free stuff:
After all, our
elected “leaders” think there’s such a thing as a free lunch, don’t they?
Bottom line as we find ourselves here this beautiful Friday in late November?
The Deep State Globalists have thrust Bitcoin back onto the scene.
Do not be fooled, however: Only gold and silver will survive.
I would have said land, but you know what they say!
Something about holding it, or is it owning it?
Either way, the train’s leaving the station.
Will this be the last train to leave?
That’s the $64,000 question.
You want the answer?
They won’t tell us!
Are we close?
– Half Dollar
About the Author
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, a former amateur trader, and a Silver Bug at heart.