The truth is that prior to #crypto the #centralbanks / #governments could only rein ...

npub1h83…00vy

2024-02-08 23:21:03

The truth is that prior to #crypto the #centralbanks / #governments could only rein in #hyperinflation by really really jacking up interest rates. But that would cause a lot of painful defaults / foreclosures - which is negative to economies, governments and politician (remember the early 80s. I do). However, they still needed to mop up all the money printing which caused the hyperinflation. So they, who you should know, after the last near collapse created #bitcoin. They pumped it as being designed by a fictitious smart Japanese guy doing it for us common folk. Their intent being that we, the average person, would be dumb enough to give back the excess printed money for NOTHING - allowing them to tame inflation, reduce debt ratios and reap the fiscal and political benefits of a stimulated #economy.

They were smart and we were gullible.

Soon people will realize the emperor has no cloths and that they own nothing. All will rush to the exits and try to get what they can out of this #btc / #crypto air #bubble bringing it all back to it's true value - 0.

My eyes opened so I luckily got out before the crowd. Good luck to the rest of you. Exits are brutal when too many try to go through at once!

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npub1h83g8ze0culvezchcafk60wkrsgaxcgf9rdvhdqde2p5wpa3z84s0x00vy

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2024-02-08 23:21:03

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