BITCOIN 13 MONTH LOW EXPOSES FINAL BUBBLE BURST

By Diego Pappalardo

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With the Bitcoin at its lowest since August of 2017, we are definitively past the ‘gold fever’ surrounding the bubble. This bubble was driven in part by major financial institutions involving themselves in the purchase and trade of the famous cryptocurrency. It happened after professional bitcoin mining operations, either at ‘farms’ or through the use of malware through pirated programs available on sites like Pirate Bay, began the upwards spike in value. – J. Flores, ed

Published on: Nov 24, 2018 @ 15:00 – By Diego Pappalardo – Propagandists involved in the bitcoin business proclaim that they would have an alternative to the contradictory nature of the Global Power of Money.

One of them, for example, believes that Bitcoin: “exists on the web and creates a form of exchange of global money, open and without limits, which is totally neutral, which can not be censored and is not controlled by banks or governments” (1).

Now, coming out of these propaganda vectors is an aim to captivate the unwary, and considering the International Imperialism of Money – its structures, objectives, functions and mechanics – and the advanced technologies of the situation, we observe that in the circulation of financial / economic exchange / commercial enterprises which are based in metals, fiduciary money, or any digital currency are all not exempt from falling under the ownership, control and regulation of some individual or collective.

The Global Power of Money and its prevalence does just need to rely on the basis of the issuance and control of traditional currencies (example, the dollar) but it can well do so through gold (in fact it did for sometime and in the future will repeat this) and yes, also digital currency.

Regarding digital currency, we remember that for some time, JP Morgan has registered an electronic currency that prevents the collection of fees for transfers between users of the same bank.

Networks of the Global Power of Money design and operationalize, in a progressive and gradual way, a global society without cash, arguing discursively and deceptively that these have beneficial and charitable outcomes, that in reality, in light of the facts, are not such. Some of these apparent objective reasons are: fight against terrorism, fight against money laundering from drug trafficking, reduction of inflationary structures, strengthening of the formal economy, cost reduction and adaptation to specific advanced technologies, among others.

Every day more globalist entities (UN, European Union, among others) (2) and state administrations that maintain their due obedience to the superstructure of the Global Money Power (India, Colombia, Argentina, among others), are promoting regulations for the limitation and the gradual restriction of physical money, since this is necessary for globalist ideology and governance.

This is due to the increasing use and hegemonic pretension of electronic banking, and credit and debit cards.

But going back to Bitcoin, this virtual currency is considered by most of its fans as absolutely free and that will solve all the financial problems of the world. This is a subjective attitude far removed from reality itself and the Global Power of Money.

We point out that this electronic currency is not anonymous in the strict and technical sense of the term, although many create that sense. All transactions are recorded publicly. While it is possible to operate discreetly, if the guiding community of the circuit in which the bitcoins are inserted sees a problem or a disruptor, it soon finds out who is who.

Therefore, the monitoring and centralized control of the operations that are given in its operating scheme is feasible. Even some experts on the subject argue that Atlanticists would be the main operator of Bitcoin – and not just Asian inventors and investors – and that the CIA would also finance bitcoins for Islamic Wahhabi terrorism.

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Craig Steven Wright and Gavin Andresen, of the Bitcoin Foundation, founded in 2012 and close to the CFR, would be functional pieces of the Atlanticist Hegemon. On the surface is Andresen, one of those who control the necessary software and define the rules of Bitcoin.

This electronic currency is growing enormously but the presence of bitcoins in the current wealth of the world does not reach the magnitude that its proponents establish. Today, its capitalization exceeds 20 billion dollars.

Just as Bitcoin is not digital libertarianism, it is not free from the voracity of the capitalist fat cats.

Indeed, Gavin Andresen and some Silicon Valley companies and no shortage Wall Street investors are the main and immediate beneficiaries of the main circulation of bitcoins (3).

The bitcoins are within the domain of speculative business because in some occasions it lost more than 60% of its purchasing power, making a win for the few to the detriment of the many.

Today, Bitcoin remains at the forefront of existing cryptocurrencies but its leadership is challenged by its own problems (one of them has to do with inconveniences in the speed of transactions), and gradually loses competitiveness in comparison with other digital currencies.

But it is believed that with a favorable resolution of the Securities and Exchange Commission (SEC) of the United States would be able to enable the first fund quoted virtual currency to widen and boost their investment path, and thus Bitcoin would deepen and accelerate its dominance. But in itself, Bitcoin more than a simple digital currency that comes to stay for centuries, is a useful and necessary experiment to install the efficiency and effectiveness of block chains (Block Chain), and to obstruct and reduce the presence of money cash.

Bitcoin cryptocurrency is not a rational solution to our problems because, mainly, money should not be restricted or scarce.

On the contrary, it must be cheap, abundant and stable, excluding usury from its circuit. Sustaining and strengthening the producer (even from mere work) to the detriment of the owners and suppliers of usury capital. Bitcoin does not offer any of these characteristics and is obviously functional to global governance.

Notes:

1- http://www.infobae.com/tecno/2016/12/04/por-que-los-bitcoins-podrian-terminar-con-el-reinado-de-las-monedas-tradicionales/

2- https://www.betterthancash.org/

3- https://news.bitcoin.com/horowitz-capital-big-things-bitcoin/

Diego Pappalardo is an International analyst, consultant  and digital journalist from Argentina.

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