U.S. TREASURY WILL SUSPEND SALE OF STATE AND LOCAL GOVERNMENT SECURITIES ON JULY 30
TREASURY WILL "NEED TO START TAKING CERTAIN ADDITIONAL EXTRAORDINARY MEASURES" TO PREVENT U.S. DEFAULT IF CONGRESS DOES NOT ACT BY AUG 2
- YELLEN
I told you a few weeks ago to watch this...
(twitter.com)
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I’m a 100% with you on this, brother. All these cryptos are fundamentally worthless, and almost all functionally serve as pump-and-dump schemes.
They create absolutely no value, and depend entirely upon the “greater fool” principle for any “appreciation.”
Their future prospects are all go-to-zero as everyone tries to pull out more value from the system than was put in; they’re all pushed as a money-for-nothing scheme. And their value/use-case under a SHTF scenario is even more laughable.
I did have to chuckle how your first crypto-sceptic comment got downvoted to hell, but your follow up, where you noted that “cryptos” were, essentially, just another “cabal” scheme to get people to throw their money into a worthless (but oh so secure, because “blockchain”😆) rathole, was far more favorably received. I agree with both your arguments, generally, but I laugh how easily, on this board, explicitly pinning it on “the cabal” is the surest path to updoots.
However, cabal or no, “cryptos” are transparently a series of fundamentally worthless pump-and-dump scams.
That, for sure, but more than anything, it’s preying on greed, and the near universal (and throughly understandable, yet reliably destructive) desire for money-for-nothing.