Intrinsic - this would be any alternative use. Silver for example has alternative uses in electronics. Dollars can't even be used as toilet paper because they'll clog the drains.
Utility - This goes beyond merely the utility as a medium. Paper is light weight and therefore easy to transport, can be denominated conveniently, and digital forms may be transacted instantly across vast distances.
So stop. Even fiat has 'worth'. It derives it's worth from it's utiltiy. The problem is that the utility does not exeed it's inherent liabilities, notably that it controlled by a central authority who can at any time 'cheat' and break the rules.
Crypto has extreme utility, and that is entirely why it is worth what it is. Anyone who sees the collapse of fiat coming can recognize just how valueable a DECENTRALIZED, TRUSTLESS, PERMISSIONLESS medium of exchange is. One that you can't be deplatformed from, that carries zero counterparty risk, and is immutable from a centralized authority rug pulling, is a medium that would prevent what we are about to go through.
The collapse, destitution, starvation, and mass missery about to flood across the world could have all been avereted but for a DECENTRALIZED, TRUSTLESS, PERMISSIONLESS medium of exchange. What crypto brings to the table is the progress we've seen without the collapse that follows.
Crypto isn't worthless. It is worth far more than even the most bullish value it today. Right now only a fraction of the world recognize the utility, and have acquired a stake, yet the whole world requires the utility only a cryptographically secured blockchain can provide. You can buy in a greater stake than you will in a decade, and that remains as true today in 2022 as it was in 2012.
...and based solely on your full faith & credit in the US.gov fiat.
If sitting on an actual cash pile, convert it into hard goods*, pms & land.
*Tools, guns, ammo, building supplies, durable clothing & footwear.
Crypto? I have nothing except suspicion and that it will get increasingly tougher to convert your gains into tangible money without taxation or jail, by design.
Ed Dowd worked for some top notch firms. He was one of the outspoken ones calling the tech bubble during the dot com boom and leveraged this into a job at Blackrock, becoming a very successful portfolio manager from 2002-2012.
Says global debt bubble at peak, we're at the end.
Believes govt. response with medical tyranny is a way for them to prevent riots when SHTF
Pfizer/Moderna fraud is modern day Enron
He likens the FDA to the 3rd party ratings agencies that perpetuated the fraud with AAA ratings during the 2008 Global Financial Crisis. 50% of FDA budget comes from large cap pharma (uses Buffett's phrase "Institutional Imperative")
FDA along with Pfizer trying to hide clinical data
Excellent point about fraud nullifying all contracts. If Pfizer think they can hide behind a bit of legalese when people start realizing how many deaths they've caused, they live on another planet.
Tldw?
FED is trying to prevent people from rioting when they realize their fiat federal reserve notes are worth nothing
They’ve never been worth anytning. The worth was all mental.
Just like cryptocurrency.
Mediums of exchange have two sources of worht:
Intrinsic - this would be any alternative use. Silver for example has alternative uses in electronics. Dollars can't even be used as toilet paper because they'll clog the drains.
Utility - This goes beyond merely the utility as a medium. Paper is light weight and therefore easy to transport, can be denominated conveniently, and digital forms may be transacted instantly across vast distances.
So stop. Even fiat has 'worth'. It derives it's worth from it's utiltiy. The problem is that the utility does not exeed it's inherent liabilities, notably that it controlled by a central authority who can at any time 'cheat' and break the rules.
Crypto has extreme utility, and that is entirely why it is worth what it is. Anyone who sees the collapse of fiat coming can recognize just how valueable a DECENTRALIZED, TRUSTLESS, PERMISSIONLESS medium of exchange is. One that you can't be deplatformed from, that carries zero counterparty risk, and is immutable from a centralized authority rug pulling, is a medium that would prevent what we are about to go through.
The collapse, destitution, starvation, and mass missery about to flood across the world could have all been avereted but for a DECENTRALIZED, TRUSTLESS, PERMISSIONLESS medium of exchange. What crypto brings to the table is the progress we've seen without the collapse that follows.
Crypto isn't worthless. It is worth far more than even the most bullish value it today. Right now only a fraction of the world recognize the utility, and have acquired a stake, yet the whole world requires the utility only a cryptographically secured blockchain can provide. You can buy in a greater stake than you will in a decade, and that remains as true today in 2022 as it was in 2012.
Don’t make declarations out of your ignorance.
...and based solely on your full faith & credit in the US.gov fiat.
If sitting on an actual cash pile, convert it into hard goods*, pms & land.
*Tools, guns, ammo, building supplies, durable clothing & footwear.
Crypto? I have nothing except suspicion and that it will get increasingly tougher to convert your gains into tangible money without taxation or jail, by design.
The one time in my life being happy about not having much money....
Ed Dowd worked for some top notch firms. He was one of the outspoken ones calling the tech bubble during the dot com boom and leveraged this into a job at Blackrock, becoming a very successful portfolio manager from 2002-2012.
Says global debt bubble at peak, we're at the end.
Believes govt. response with medical tyranny is a way for them to prevent riots when SHTF
Pfizer/Moderna fraud is modern day Enron
He likens the FDA to the 3rd party ratings agencies that perpetuated the fraud with AAA ratings during the 2008 Global Financial Crisis. 50% of FDA budget comes from large cap pharma (uses Buffett's phrase "Institutional Imperative")
FDA along with Pfizer trying to hide clinical data
Actuarials/Insurance companies starting to see things. References One America (Indiana Insurance company that saw a 40% increase in all cause mortality) https://www.thecentersquare.com/indiana/indiana-life-insurance-ceo-says-deaths-are-up-40-among-people-ages-18-64/article_71473b12-6b1e-11ec-8641-5b2c06725e2c.html
References Aegon Insurance that saw an increase to $111 million in claims in the 3rd quarter 2021, up from $31 million a year prior. https://www.reuters.com/business/finance/aegon-q3-operating-result-down-16-us-covid-linked-claims-2021-11-11/
Fraud eviscerates all contracts according to case law. Makes companies liable. This will bankrupt Moderna and severely damage Pfizer.
Stocks are in a downtrend, says it's already begun. He's not shorting in order to remain neutral and deflect any accusations.
He hopes hedge funds do the right thing and short those 2 stocks. Longing = long mandates, long government control, long selling of freedoms.
@dowdedward - Twitter
EdwardDowd - Gettr
Thank you!
Excellent point about fraud nullifying all contracts. If Pfizer think they can hide behind a bit of legalese when people start realizing how many deaths they've caused, they live on another planet.