In the last week, a bloated sack of protoplasm who works for a global enslavement system, the Bank of International Settlements (BIS), Agustin Carstens, said, bitcoin is "a combination of a bubble, a Ponzi scheme" and, due to the energy consumption required for mining it, an "environmental disaster."
I’d say Agustin Carstens is a natural disaster and a threat to life on Earth!
Forgetting for the moment how much cattle must be sacrificed in order to snake its way through the kilometers of putrid intestines of this bureaurat on a daily basis… the amount of material needed to make even one suit that can somehow fit around this morbidly obese communist could likely clothe all the children in Bangladesh who otherwise have been impoverished by his very institution.
He calls for a “clampdown” on bitcoin, but the only things he really clamps down are Big Macs and the worldwide economy which is destroyed by the BIS and its cartel of central banks.
The continent-sized being called Agustin also says bitcoin is a bubble.
Gee, what causes bubbles, Agustin? Can you take your hand out of the super-sized bag of potato chips to even try to get your grease soaked blood to flow to your brain for a second to even answer that question?
Don’t bother, I know the answer. Animal spirits, right? You’d know all about animal spirits having killed literally tens of thousands for your personal consumption in your lifetime… which isn’t much longer by the way the way you are chowing down.
Well, the answer is wrong, of course. The answer is the central banking system of which you are a large, pun intended, part of.
So, to point at bitcoin and say it is a bubble and should be “clamped down” on is missing the point. The BIS and the central banks should be clamped down for creating all the bubbles.
And, he says, bitcoin poses a threat to “financial stability”.
If, what he is saying, is that bitcoin could potentially rid the world of the BIS and central banks then… good! That’s the whole point Agustin. You might have to get a real job soon and, I hate to break it to you, knowing nothing about economics and being a walking health disaster are not exactly what most employers are looking for.
But, hey, if you lose your job then maybe you won’t be able to afford the thousands of dollars in junk food you consume daily… which may actually save your life.
You still won’t get a job though because you are a f**king moron.
About the Author
Anarcho-Capitalist. Libertarian. Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks. Jeff Berwick is the founder of The Dollar Vigilante and host of the popular video podcast, Anarchast. Jeff is a prominent speaker at many of the world’s freedom, investment and cryptocurrency conferences including his own, Anarchapulco, as well as regularly in the media including CNBC, Bloomberg and Fox Business. Jeff also posts exclusive content daily to the new blockchain based social media network, Steemit.