Paul Robin Krugman is an American economist who is currently Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for The New York Times. A graduate in economics from Yale with continued education from the Massachusetts Institute of Technology but, for some reason this man is almost always wrong and to this day says the absolute most dumbest things I have ever heard.
In an opinion piece for the New York Times July 31, Krugman took aim at the high cost of Bitcoin mining and the “speculatory” nature of its users, claiming it undermined stability compared to fiat currency.
“…You’re supposed to be sure that a Bitcoin is real without knowing who issued it, so you need the digital equivalent of biting a gold coin to be sure it’s the real deal, and the costs of producing something that satisfies that test have to be high enough to discourage fraud,” he argued. Krugman went on to state that Bitcoin would set our monetary syatem back 300 years.
Hold on Paul let me get this straight, you actually think the best monetary system mankind has even invented (Bitcoin) is bringing us back before the establishment of the Federal Reserve, before the Civil War and way before your fraudulent bankster buddies scams to fleece the World of earned and justified work were concocted? Are you really this big of a self righteous moron or are you and your criminal friends really that worried that you have miscalculated Cryptocurrency as the future of payments?
Nothing this man who is hiding behind his fake, elite university degrees can be trusted at all. I can understand people who don’t think Bitcoin is the future because let’s be honest, it’s a tall task to soak up 70 Trillion of fiat paper money. Even the thought of the process this will take can be a ferry tale but, to claim that Crypto which is as close to AI as you can get will set humanity back 300 years is absolutely laughable.
This proves to me beyond a shadow of a doubt that Krugman and well as bankers all over the world are terrified they are loosing power daily and soon the day will come where they will be strung up and skinned alive by the billions they have robbed blind with fake collusion. Bankers and Ferderal Reserve shills like Paul are a disgrace to the human race. They have remained in power through manipulation, brainwashing and trickery. Krugman can not be trusted, he has disqualified himself because of his alliances but, moreover because of his willingness to be the fear monger for the world wide banking cabal.
I say we all double down on Bitcoin and show these bankers and “economists “ who get paid to be their public henchmen with stump speeches that we will not take your control over the monetary system anymore. Bitcoin is doing just fine ya’ll, to think that this prehistoric technology has grown from 1/10 of a penny to 7500.00 usd is proof that they are terrified. Tick Toc Paul Krugman......the world will be hunting you and your bankster buddies down soon, and there will be nowhere to hide. Yale and MIT should be embarrassed that a man like you touts the education you received from them.
