The Financial Post and other main stream media (MSM) outlets are really hammering the idea that the cryptocurrencies crashed this summer. Here is what the Financial Post said today about it:
“It just shows what a massive, speculative bubble the whole crypto thing was — as many of us at the time warned,” said Neil Wilson, chief market analyst in London for Markets.com, a foreign-exchange trading platform. “It’s a very likely a winner takes all market — Bitcoin currently most likely.”
Want to know what I think? Obviously you do or you would not be reading this article. The banking cartel cannot let cryptocurrencies take over. These currencies are under attack by the old money because they threaten their empires, control and wealth. I think that a lot of money was pumped into the cryptos so that they can all be crashed at some point. We are witnessing the crash.
The intent is to scare people out of the cryptos so that they go running back to the commodities and currencies that the banksters control. They are scrambling to create their own cryptos to catch up so that they can offer a stable, safe and secure alternative. However, it is still their crypto and they will control it just like they control their fiat currencies.
If anybody did any studying of history, you will find that those with money can manipulate and control nearly any commodity or market. They built the system and they know how it works. They don't care about the money, they want control. So they are willing to sacrifice billions or even trillions if necessary to maintain that control.
Here is where I think they are afraid. They cannot control the cryptos. They can manipulate the prices but remember: THOSE PRICES ARE COMPARED TO THE US DOLLAR, WHICH IS THEIR CURRENCY.
The moment that we decide to detach our cryptocurrencies from the fiat currencies and start trading with one another directly without their fake money, then their currencies will die a horrible death. They are absolutely terrified that we will no longer require 'their' money. Their money is dropping in value constantly through inflation. Prices don't actually go up, but rather the purchasing power of their dollar continually drops. I wrote a post about money 10 months ago which explains what I'm talking about here.
https://steemit.com/ungrip/@wwf/what-is-money
In that post I demonstrate that if we purchase goods with other goods, we will notice the natural ups and downs of purchasing power as the volume of goods fluctuate from year to year. But when we compare the purchasing of those goods with 'their' money, the price of those goods always goes up.
What we see here is a real effort by the banking cartels to try and scare people out of the crypto market. I'm not leaving and they will have to attack the blockchain to destroy this crypto. Don't fall for their fear tactics. These are dangerous, scared and angry people attacking that which threatens their empires. The power is in our hands and the sooner we realize that Steem and the other cryptos means freedom, the sooner the prices will skyrocket and their currencies will fail. The value is in what WE place on the currency, NOT what the goons at Wall Street think it is.
Let them take their best shot. They will only create an even more powerful adversary for them to try and attack ... a people who have woken up to their manipulations and no longer fall for their fear tactics. The power rests in what I do with my crypto, same goes with all of you.
I see a huge market crash coming and when that happens people will flood to the alternatives; gold, silver, commodities and cryptos! I'm holding and getting ready for the crash. I feel it will arrive and when it does it will mean chaos and pain for a lot of people. At that point it is our duty to help those people and we will need resources to help them all. Cryptos could easily provide those resources to ensure the flow of energy around the world continues as the people demand.
When that happens, we will foil their One World Government, One World Religion and One World Currency plans. They will do everything in their power to stop us and they will fail.