The Bitcoin Scam and the Climate Alarmist Scam

 

This piece was written by my friend Sam who is an ex Managing Director of a Public Listed Company (PLC).

 

The Bitcoin Scam and the Climate Alarmist Scam

I'll make this post short. Monday chill.

Follow the money, ladies & gents. I will use the bitcoin and alternative currency scam issued by private companies as an example and I will show you how climate alarmist are funded by Wall Street and the London Stock Exchange and the European Stock Markets pulling the strings on establishment political parties and politicians (especially left leaning ones) at the expense of real people.

Bitcoin is already a huge ponzi bubble. Electronic money with no backing of anything except perception. Yes, it is ALMOST no different than fiat-money issued by central banks. Now we see Bill Gates and the likes jumping in because it makes them money from nothing. Blackrock (the $10 trillion equity fund) has now gotten approval to do ETF for Bitcoin.

Here is the difference between say the US government issuing fiat-money compared to Bitcoin or Blackrock backing it. Bitcoin has zero backing except its own capitalization of $ 796B. The day people say its not trading bitcoin that $ 796 B disapears. The day the ETF trading bubble burst, Blackrock whole capitalization of $112 B go down the drain. Its equity value in asset invested and cash it holds depend on dividend returns of companies it does not run (only invest in) and cash in its equity funds which are mainly in USD. It has to liquidate its other investment holdings in a hurry and thats not a good way to get the price you want. That is how your whole bubble bursts.

So it goes back to USD fiat-money. That $ 112 B is in real terms a drop in the bucket for the US economy to back any "currency" fiat or electronic mumbo jumbo. That means Bitcoin that currently circulates 19.56 M coins at approx $ 40,757 each is $ 797.2 B - about where its market cap is. A ratio backing is exactly 1.00X! You have no backing but their word and what is being traded in their own shares.

That means any share price movement brings the value of bitcoin up or down instantly.

That leads us to the US economy. The USD is not backed by just the GDP of the US economy - it's value is impacted by GDP but its worth overall is backed by the US economy. The US economy as it stands today has a net worth of USD 135 TRILLION. As of September 20, 2023, the Federal Reserve estimated that the total amount of US currency in circulation is approximately US$2.33 trillion. That means the ratio of the back up for USD is 58X the paper money being issued.

That means the US economy can withstand at least 58 times drop in its size for any "real" depreciating impact on the value of the US Dollar. 

See the difference? One is a scam of value on its own value with zero backing effectively and one backed by real economic power including backed by a federal constitution that binds 50 state net worth to a federal issued fiat IOU. I hope that makes it clear.

Now to climate alarmists imaginative way to make money out of pure bullshit. Carbon Credit. Carbon credit is the bitcoin of Climate Change. It has nothing backing it up except perception that it is of value to trade your negative carbon emission to another party that are compelled to buy them to offset their positive carbon emission. It is a pure spreadsheet exercise based on people believing it the "credit" has value. Hence it promotes non-productive industries such as carbon capture technology and renewables that are multiple times more expensive than fossil fuels and rare earth mining that destroys the environment way more than fossil fuel production could ever do.

I am going to end this by saying a simple conclusion - google any mainstream media article or opinion on planting and maintaining/growing forests as a way to sequester carbon and produce oxygen and water for life. I guarantee you all will say it will not work or it is misconceived and it distracts from stopping fossil fuels. That is all you need to know. There is a cheap almost natural way if you are worried about carbon emission. Plant trees more. Don't cut rainforests. Environmentally friendly right? But No. Its not good. Mine the earth by devastating the planet for rare earth and keep the poor poorer by making energy expensive and beyond their rich. Who gives a shit as long as the developed world can virtue signal and their global interests control the world.

And that is all I have to say about that 😋