Zero Hedge: One of the oldest arguments against Bitcoin, and cryptocurrencies in general, is the Central Banker Attack. Anyone who’s spent more than fifteen minutes inside the crypto-world will have heard this one.
That’s the argument where the person tacitly admits bitcoin isn’t a scam or vaporware but then says, “Well, if it gets too big, they’ll just make it illegal.” What’s most baffling to me is that this argument is mostly made by those who swear by their gold holdings while simultaneously swearing at the central bankers for ruining the world.
I get that it’s mostly a coping mechanism for watching crypto go ballistic while gold languishes under the control those same central bankers. And, in the past, I had a lot more sympathy for that perspective than I do now. Because today, at a total valuation around $2 trillion, we’ve arrived at that moment where the bankers and politicians are coming for bitcoin and cryptocurrencies and they are coming hard.
Since last week’s Coinbase IPO Bitcoin has been under constant and persistent attack. Bitcoin pushed through its former peak at $61,800 and since then there have been massive, coordinated dumps to push the price back down.
That pushed Bitcoin back below its previous high and COIN’s tumble from an overpriced IPO didn’t help matters.
Then Turkey announced it would, like India, ban the use of cryptocurrencies as payments on Friday. Read More …
Opinion: That cryptocurrencies will come under the thumb of central banks as gold and silver have for the last decade, should come as no surprise to Bible prophecy students. How else will Ezekiel 7:19 and Revelation 13:16-17 be fulfilled?
“They will throw their silver into the streets, And their gold will be like refuse; Their silver and their gold will not be able to deliver them In the day of the wrath of the LORD; They will not satisfy their souls, Nor fill their stomachs, Because it became their stumbling block of iniquity.
He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, 17 and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.”
Nothing creates more fear in people than a loss of money …
Bloomberg News: April 28, 2020
Stressed-Out Employees Are More Worried About Money Than Health
The coronavirus pandemic is causing Americans to worry more about their finances than health, according to a study by MetLife Inc., the largest U.S. life insurer.
Money was the top concern for 52% of full-time U.S. workers, compared with 44% who were most anxious about physical and mental health, according to a survey of 2,367 respondents polled in early April. About 29% of workers are earning less as a result of the pandemic, while 74% said their job status had been affected, or was expected to be. read more
…and in case you don’t realize how much central banks love to control money, the following rumor circulated yesterday: