James Dimon, Chairman of the worst company in the World Goldman Sachs has come out again and tried to cripple cryptocurrency and this time has done a coordinated attack with a Gold Investor which I will Talk about later. He is trying to spread Fear, Uncertainty and Doubt about crypto by saying that if crypto does become big, which is very inevitable now, it will be banned by governments. He also talks about how cryptocurrency mainly Bitcoin has and is being used for illicit activity, while the dollars of america are smothered in cocaine and other drugs. He is clearly making up as much as he can to cripple crypto so that Banks come out victorious and can keep their heavy chains on the people of the world by silently robbing them of their purchasing power by printing as much money as they want. Governments might shut down crypto, Especially the American Government because most of the government is corrupt and greedy, However we need to stay strong and let Crypto change the world, because it will eradicate most of the mosquitoes that feed off your hard work by making your money worth less and taking a slice of your pie each time you want to send it to friends, family or pay for something. If the Governments do shut down Bitcoin and other cryptos their is still hope. Privacy coins such as Verge and Monero will allow for completely anonymous transactions, keeping governments off your back, however this will severely cripple crypto as a whole. What we need is a revolution, To make it so that no one is in charge of anything you own, No one is in between you can your peer profiting from your transactions. I Digress, A gold investor has recently come out and said that Bitcoin is Garbage, You know what's in common with all these people? They all invest in a severely regulated market, where banks or other parties control the wealth. Did you know that there are more contracts of ownership of gold than there is gold? This means that some people think they own gold, a valuable resource while their investment isn't even worth the paper that it's written on.
All in all James is throwing all he can at Bitcoin so Vultures like him can keep lining his pockets with other people's money. I would like you to really question what side you on because there will be a uproar very soon about this as Bitcoin grows and Bankers and Corrupt Governments try to take it down.
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Great article! I suspect the same thing about Dimon's motives. Oh... and one more thing... In case I had not mentioned it to you before....
Inflation is a very clever way for banks to silently rob us. Most people think that they are fine because their money isn't going anywhere, but it is depreciating in value as days go by. The dollar is worth 5 cents of what it was a couple centuries ago. Taxation is theft if done incorrectly, which is happening all over the world. In America you are giving money to the government to essentially no reason, other to pay for all the bail outs of banks and political machines. If done correctly it could work, such as in the uk, Tax payers pay for schools and healthcare which is free for everyone.
The retaliation that the banks will put up when adoption catches on will be extreme. They will lie about everything that cryptocurrency is to keep people from buying it. Eventually people will see through these lies after the masses have adopted it, but they will put up a strong fight. Little does Mr. Dimon know that this is never going to stop!
Exactly, We will not surrender to banks that are no taking our money, but they are taking our worth away from away from our money by inflation. While Bitcoin is deflationary and there is a limit to the amount of them. Once people understand that Bitcoin is deflationary and will grow in worth there will be no turning back to crappy fiat currency.
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