How can Governments ban Cryptocurrencies? They Can't..!!
Credit: youtube/kamalglover
Seriously? Who believes this garbage..!!
I am sure a few of you may have already seen this interview with Jamie Dimon while he was on a trip to India recently.
I watched this earlier and spat out my cornflakes through fear of choking as I rolled around on the floor.
Seriously? Who believes this garbage and verbal diarrhoea that is being pushed out..??
After picking myself up off the kitchen floor and mopping up the cornflakes, I thought I would give Mr Dimon the benefit of the doubt and listen to what he had to say.
For someone who is 61, you would have thought he would be old enough to know better.
No one believes this garbage..!!
How can someone sit there and not laugh when he says that in-essence mining #Bitcoin is like printing something out of thin air when his very own Balance Sheet has 100's of $trillions of garbage Paper Derivative Contracts that are nothing more than a piece of paper "printed out of thin air"..!!
Seriously? You couldn't make this shit up.
At least he gives #Blockchain Technology a credit
The only real substance that comes out of the interview is that Mr Dimon at least gives #Blockchain Technology a credit and I guess this is a start.
By endorsing #Blockchain Technology suggests that this is where the real fear for Central Bankers and Banks lies.
There is no Free Market
It should come as no great surprise to regular readers of my Blog that we are living in a World that has NO Free Market, whatsoever.
Anyone who thinks there is a Free Market is sadly mistaken.
For the last +10 years I have been banging on that the Free Market ended decades ago and certainly as far back as the early 1970's.
The last +45 years has merely served to: mask, manipulate, corrupt and fraud The Market beyond total recognition.
Toxic and worthless Paper Financial Derivatives are running the show now, nothing more, nothing less......and if you think that Governments or Voters have a say, then you are in for a bigger surprise.
The next time a Banker tells you that Governments will ban Cryptocurrencies, understand the consequences of what would happen if they couldn't and Cryptocurrencies were put up against these Toxic and Worthless Paper Financial Derivatives.
The consequences of unwinding these Toxic and Worthless Paper Financial Derivatives is simply unimaginable.
It's a mess, a real mess..!!
The Global System is on the verge of Technological Shift of Biblical Proportion and one that has the potential to see riots on the streets as Social unrest finally puts two fingers up to the System.
Sadly, I have been warning for some time now that #Blockchain Technology is set to open the lid on Pandora's Box and what we are witnessing today is simply the key turning in the lock.
+45 years of manipulation, deceit, fraud, lies, corruption and garbage reporting of the Mainstream Narrative is about to be let out of the box and no Central Bank, Government, or opinion of a Global Banker will stop it.
The Seismic Technological Tremors are already being felt and when they erupt, and they will, it will send shock waves through the Global System on an unimaginable scale..!!
Thanks again for reading and it's time to grab my cornflakes again.
Stephen
Shared on LinkedIn. Stephen
It should come as no great surprise to regular readers of my Blog that we are living in a World that has NO Free Market, whatsoever.
Sadly, you are correct. The powers at be wish to erode our rights. Cryptos give people complete and absolute control over their money. Much of the FUD is perpetrated by the same people that buy the damn things when price dips, institutions or state entities.
"Cryptos give people complete and absolute control over their money." Great comment. Thanks for contributing to the Blog. Stephen
Shared on twitter. Stephen
Oh, they can ban it all right - but will it be effective? Hardly! The sweet irony of China closing down exchanges at the same time they're using BTC to help North Korea skirt UN sanctions:
http://cryptohero.info/cnbc-and-the-cia-team-up-to-bash-bitcoin/
This is the Faustian Bargain of Nation-States in a crypto world - they want its border porousness but not its decentralized censorship resistance. They want it "controlled" and pseudolegal so their opponent Nation-States don't get a leg up on them.
They're playing footsie with Promethean Fire. They will get burned in the end. Good post as always, @stephenkendal.
Pixabay
There's a saying in spanish that goes "Patadas de ahogado". It roughly translates to "Drowning man kicks". I believe this saying applies very well to Mr Demon's latest kicks haha regards
If governments want to ban bitcoin and make it unusable then they would need to shut down the internet, and that will never happen. Governments banned pirating and everyone is still pirating and downloading softwares for free, only unlucky few get caught.
"If governments want to ban bitcoin and make it unusable then they would need to shut down the internet, and that will never happen." I could not agree more. Thanks for the contribution to the Blog. Stephen
they want to buy more :)
"...they want to buy more." What most don't rely is that these institutions are actually accumulating #Bitcoin. Saying #Bitcoin is a fraud at the same time running a fraudulent system hoping people will take you serious makes you look a bit of a fool. People simply do not believe this garbage anymore. Stephen
Well they can ban it, it was illegal at a time to own gold and silver it happens
How can they ban somthing that dont actually have any physical value! Its all talk to help the whales make money!😠
I believe that if the Government can find a way to make money from it, then they would ban it. I don't see it happening though.
Excellent post, covering some very unsettling points which everyone should be concerned about.
As for Dimon the Demon spouting complete bullshit, just remember that virtually his entire business model is based on fraud and various other sorts of criminal behavior. JPMorge has been fined millions of dollars for their illegal behavior. And they've paid billions to "settle" other cases, while refusing to admit any guilt.
Many journalists / reporters believe that whatever Dimon says is pure exalted wisdom, and it's sad to see them give him a platform voice his BS. In fact, any nonsense that spews from his mouth is reflects his very distorted and ignorant worldview.
Someday, they might learn what an evil moron this guy truly is. Someday he might realize .... well, maybe not.
JD - go back to ignoring crypto - you are just embarrassing yourself. Or keep talking about it and (helpfully) raise public awareness of it - because no one gives a shit about your negative comments. Your corrupt system is doomed either way.
"....you are just embarrassing yourself." Hopefully people will see finally see through all the lies and fraud of a System that is on the brink of imploding. Fiat is now officially a "Dead Currency" walking. Stephen
This guy is obviously lying through his teeth about the current nature of national currencies. He knows how those currencies are created and how hurtful they are for the common people. Screw his elitist eugenist vision.
"This guy is obviously lying through his teeth about the current nature of national currencies." It amazes me to see how many adults still believe all this garbage that they are being told. Anyone with half a brain can tell the guy is lying. I thought I would share this particular interview as he has taken the "Mainstream Bollox" to a whole new level. The higher this crap has to be taken, the harder the fall will be when it happens..... and it will. I wouldn't be at all surprised if Mr Dimon would also sit there and convince people that Steel, Concrete and Asbestos buildings can simply disappear into dust..!! Thanks for the excellent contribution you continually offer to Steemit. A real true asset to the Community. Stephen
Jamie Dimon - you complete and utter clown.
He is kind of digging his own sandpit coming out with garbage like this. I can accept a 30 yr old saying this sort of crap, but at 61, he should know better..!! Stephen
I agree Stephen. He's either delusional or a liar. Likely both.
All interviews are 100% true
All newspapers are 100% true
All TV is 100% true
If you just say something, it makes it true.
Now here's the problem, hundreds of thousands of people will instantly believe something they hear like this...
So even if we all think it is funny. They just scouped up hundreds of thousands of stupid people by putting that out, who will now believe it.
@stephenkendal This is something that is not possible
today, the government has no power
to stop Bill Gates ...!
Now, I'll grab cornflakes and reread your post.;)
Mehn. This is just too awesome
Frankly, cryptocurrency makes life easier for all irrespective of nationality
JD - slamming crypto = talking your own (fiat) book = running scared.
Nailed it..!! Stephen
Daily Learn some new from bitcoin in your post....
No doubt that the crypto world is gaining attention at a rapid pace but we also have to keep in mind that these people have power, they can use it whenever they want for whatever they want!
The fear of the blockchain bringing integrity to the monetary system and eradicating fractional reserve banking, is clear for all to see. Even the banksters can see the potential. He also sounds like he has a bad case of FOMO :)
They Will tell any lie to keep it like it is.
Ban it here, it will pop up elsewhere. It can't be banned. Now Russia has officially accepted Bitcoin, days after China cracked down on it.