Don't underestimate the Gubment shutdown as part of this crypto pullback. The United States is home to scams like huge insurace premiums, money laundering schemes disguised as freedom wars, licenses for everything, DEI takeover of all our iconic brands, Dr. Faucci, and many other scams.
Currently we are dealing with another weird scenario where the Federal Gubment has been shut down for over a month and this is Day 5 of no food stamp benefits. Supposedly there are 42 Million people on benefits most of which are likely gaming the system but a lot are disabled people, vets injured in our military, and various other people who have legit reasons they are recieving benefits.
Today a guy told me he couldn't close on a property because it is a USDA Loan and since the Gubment is shut down they can't finalize the loan so they had to organize a work around where he is paying rent to the sellers until the transaction can be finalized.
Also the national park system is partially shut down. Workers weren't getting paid.
All these things are sending a shock wave through our economy and people were already getting their teeth kicked out by all the inflation.
I talked to a friend from Arizona yesterday and he overheard the people that live across the street saying they haven't eaten in 2 days because of the food stamp money not being paid out in November.
What Does This Have To Do With Crypto?
Some would say people on food stamps wouldn't be buying crypto but it's the capital flow locking up so all these businesses get affected.
On top of that we have had these very unnatural looking pumps for stuff like ZCASH. 10X while everything else is getting crushed. Crazy stuff.
It was like a legacy privacy coin pump right into other prices falling off a cliff.
Is This Bull Market Over?
I think a big deciding factor is if the Gubment shutdown continues. If this lasts the full month of November we are in major trouble.
A lot of businesses were already into major problems and I have continually warned against investing in anything ancillary to dating. It's all going to have a tough time because guys drive the dating market as far as the money spent and the juice isn't worth the squeeze for most guys.
That situation is going to lock up even worse.
While I don't agree with 42 Million people getting food stamps because we know there is a lot of fraud it was sort of acting as mini stimulus checks from the bottom up and was keeping the flow.
On top of that it is hard to fully calculate all the people getting hours cut or not getting paid. Air traffic controllers weren't getting paid in certain situations.
If The Gubment Is Still Shutdown in December The Crypto Bull Market Is Likely Over
This can't last much longer before people really crash out.
I'm still looking at some of these legacy projects that are showing life. PIVX, Digibyte, GRIN, ZEN, Dash ..... looking at them but not sure if I can allocate a lot at this point.
What Needs To Happen
Considering we are funding all this other stuff around the world but have homeless military 🪖 veterans tells you a lot.
This world police shit is a joke. I didn't sign up for this. I was just born here.
We need to deport 30 Million illegals and get pretty aggressive with it and cut off the H1B foreign worker scam. Almost entirely cut it off and workers who are here on it should be given a 2 year runway and be phased out and be replaced with American workers.
While they are at it we want to know what we have in Area 51. 👽
I think all the pointing fingers needs to stop and they need to work together to come up with something that is fair for everyone. I generally lean more left on most things, but both sides need to grow up here.
They are so dysfunctional. Suddenly we realize it's like 6 year Olds fighting over a toy.