Bitcoin is close to becoming worthless
Just one year has passed since bitcoin enthusiasts forecasted that the cryptocurrency would hit a price of $1 million. But that was then. With the price of bitcoin having fallen almost 80% from its peak, and now trading well-below the support level of $6,000, everyone is wondering where it goes from here. Bitcoin is now entering a death spiral…
~ Foreword ~
What follows is lifted from an email which I received on December 3, 2018 from a long-time listener and friend from Idaho, who also was Secretary to a true American Patriot, the late Jack McLamb. Of all of the people I know, she is one of the most well versed on the subject of Crypto Currency (BitCoin, etc.). Her email was extended to me in regard to several comments which I had made on the air this Friday past.
In addition, her words are also somewhat of a response to the above headline and from yesterday’s ‘Dateline’ post, which we are resubmitting to you as part of this ongoing education.~ Ed.
Continue reading
“In an ever-changing, incomprehensible world the masses had reached the point where they would, at the same time, believe everything and nothing, think that everything was possible and that nothing was true. … Mass propaganda discovered that its audience was ready at all times to believe the worst, no matter how absurd, and did not particularly object to being deceived because it held every statement to be a lie anyhow.
A 70% stock market wipeout – that’s the prediction of former U.S. Congressman Robert E. Bauman.
When Roosevelt confiscated gold, he created, in reality, a two-tier monetary system quite frankly as the medieval city of Florence. The Great Financial Panic of 1344 was when the value of silver rose dramatically blowing out the silver/gold ratio. Silver was used locally for the normal people. Their wages were paid in silver. The gold florin was used for international trade and companies had to keep actually two sets of books with accounting in each separate currency.
American household debt hit another record high, rising to $13.5 trillion in the last quarter, driven by $9.1 trillion in mortgages. The total is now $837 billion higher than its previous peak in 2008, just as the last recession took hold.
In 2016 Governor Gerry Brown signed into law SB-3 which would phase in a series of increases in California’s minimum wage until it finally reaches the goal of $15 per hour in 2023. This was done to provide a ‘living wage’ for those working minimum wage jobs. I’m telling you right now, you may as well start stuffing little squares of toilet paper in your wallets and purses, because if you don’t learn about the nature of coin, credit and circulation it will have about the same value as the money you currently use to purchase goods and services. 
