What about Bitcoins?

//What about Bitcoins?

QUESTION: You often mention how the bankers, or those controlling the bankers, I guess, control the system through financial and economic means. In light of this, what is your take on Bitcoin, which is not controlled by any government? Just some background, Bitcoin is a purely electronic currency, that is gaining popularity, and even now being accepted in brick and mortar stores as well as online stores. Those who created the protocols for this “cryptocurrency” as it’s called (because of the security protocols associated with the currency) have capped the total production of Bitcoins to 21 million bitcoins, which means once that cap is reached, there will never be anymore Bitcoins produced, which means there’s zero chance for inflation. When Bitcoin first started, one Bitcoin was worth something like a few dollars, but the value of the currency has greatly increased since then, and one Bitcoin is now worth nearly a thousand dollars. (People often deal in very small fractions of Bitcoins. A typical transaction might include a single-digit multiple of 0.00000001 of a Bitcoin.) Do you feel this will play any part on the fulfillment of prophecy?

 


 

ANSWER: Based upon the 21 million Bitcoin cap, the Bitcoin is a bit player in the overall financial scheme of things. 

Even if the Bitcoin trades at $1,000 dollars per coin that is a minuscule amount compared to the amount of Dollars, Euros, Pounds, Yen and so-forth, in circulation. 

To illustrate, yesterday the US Federal Reserve announced they were going to “taper” their Quantitative Easing by $10 billion per month, which is just a fraction of their monthly $80 billion purchase of Treasuries and bank-held securities. But just the anticipation of the liquidity shut down has caused stock markets around the world and so-called emerging market currencies to lose trillions in the global market. In the past 2 weeks the US stock market alone has lost approximately $1 trillion in value. 

To be sure, though, the bankers do not tolerate competition. They have warred against the Savings and Loan business and credit unions for years. And, of course, the relative value of physical gold and silver has been suppressed by the big banks through a complex system of fraud. (GATA)

Apparently, though, someone took notice of Bitcoin, as one of the founders of the “cryptocurrency” was just arrested on money laundering charges.  (The Daily Beast) 

But in reality, money, be it Dollars or Franks, gold or silver, or Bitcoins, is not worth anything. The only value of money is that everyone agrees that it is worth something. It is only a matter of perception. Paper money might have some value as a fuel for the fire and gold and silver have some value as metals, but cryptocurrency? And all the little digits on a computer that are perceived as wealth in someone’s account has no intrinsic value whatsoever. It is merely a mirage that can easily vanish. And vanish it will during the day of Jehovah. 

The proverb said it best: “Do not toil to gain riches. Cease from your own understanding. Have you caused your eyes to glance at it, when it is nothing? For without fail it makes wings for itself like those of an eagle and flies away toward the heavens.”

image_pdfimage_print
2015-08-02T05:25:42+00:00 January 30th, 2014|Mailbag|1 Comment
  • Ken Rosenberg

    For anyone who interested. i spent years studying the forex market. One of my teachers was taught by one of the most powerful “day traders” in the world.This man passed away, but he was what savvy day traders call a “Market Maker” because they can manipulate the market by injecting it with cash. In the long term outlook, there are trillion dollar deals struck between the banks and royal families and governments to manipulate the currencies of the world, there is always a bigger picture and contracts have to be fulfilled. It is by design when economies plumet, etc. Not all is rigged though, there is a natural phenomenon called the Fibonacci sequence, which is fulfilled every day in the market, but overall, it is rigged against you and those in control will do as they please, they don’t care if it is illegal, they can’t be caught. The software used for day trading also has an admin login for your broker to accept or decline incoming trades, and if the broker has suspicion that they are about to lose money, they will not execute your trade.

Skip to toolbar