Which is why I've believed since the beginning that GME is related to all of this. Ironically, I've seen people dismiss Gamestop investors as being similar to "those crazy Qultists" and the apes of course scoff at it (understandably, since it's meant to be a smear tactic).
And yet, there might be more truth to that than they realize...
Yes I suspect the GME MOASS is planned to destroy the banks.
If the MOASS happens and the due diligence suggests it will sometime after the float is locked up. I would theorize it would create a cascade of failures starting with the hedge funds then prime brokers the the clearing house then the big boss the Fed.
As the Fed can in theory just print money, likely scenario is that flatter it does that there will be such an issue with it that Congress is forced to act and pull its charter. Fini.
Well yes and no... To be fair It's only worth as much as we think it is.
So I have a $1 dollar bill that's worth something today right? And tomorrow let's say tomorrow we all just learned that Bitcoin is taking over the money market. So my $1 dollar bill just might be worth as much as toilet paper?
No idea what that means but if space aliens came to Earth they'd accept BTC before they took fiat fed dollars printed out of thin air for perpetual interest. At least a computer somewhere had to crunch some useless numbers in an analogue of labour to create a BTC, a privacy disregarding global-info-IRS-surveillance wet dream that it is nonetheless.
Which is why I've believed since the beginning that GME is related to all of this. Ironically, I've seen people dismiss Gamestop investors as being similar to "those crazy Qultists" and the apes of course scoff at it (understandably, since it's meant to be a smear tactic).
And yet, there might be more truth to that than they realize...
Yes I suspect the GME MOASS is planned to destroy the banks. If the MOASS happens and the due diligence suggests it will sometime after the float is locked up. I would theorize it would create a cascade of failures starting with the hedge funds then prime brokers the the clearing house then the big boss the Fed.
As the Fed can in theory just print money, likely scenario is that flatter it does that there will be such an issue with it that Congress is forced to act and pull its charter. Fini.
No thanks Bitcoin isn't real money....
I think you're responding to the wrong person. I never mentioned BTC.
to be fair, USD isnt real money either
Well yes and no... To be fair It's only worth as much as we think it is.
So I have a $1 dollar bill that's worth something today right? And tomorrow let's say tomorrow we all just learned that Bitcoin is taking over the money market. So my $1 dollar bill just might be worth as much as toilet paper?
my point is both that 1 dollar bill and 1 bitcoin only hold the value they do because... of nothing
our dollars arent backed by gold anymore, its all fiat
Neither is the shit you pay your bills with and I don't like BTC either.
Shush... Someone might hear you?
No idea what that means but if space aliens came to Earth they'd accept BTC before they took fiat fed dollars printed out of thin air for perpetual interest. At least a computer somewhere had to crunch some useless numbers in an analogue of labour to create a BTC, a privacy disregarding global-info-IRS-surveillance wet dream that it is nonetheless.