Skip to main content

Banksters officially declare war on Bitcoin!

globinfo freexchange

JPMorgan CEO Jamie Dimon's recent statement about Bitcoin could be considered the official war declaration on the digital currency by the global financial mafia.


Dimon's remarks were quite impressive:

"It's worse than tulip bulbs. It won't end well. Someone is going to get killed," Dimon said at a banking industry conference organized by Barclays. "Currencies have legal support. It will blow up." Dimon also said he'd "fire in a second" any JPMorgan trader who was trading bitcoin, noting two reasons: "It's against our rules and they are stupid."

One probably can't tell what is worse: Dimon's audacity, cynicism or hypocrisy? A top executive of the Wall Street syndicate that caused the great financial crisis of 2007-08, as well as endless other financial bubbles, while rescued by the US state with billions of taxpayers' dollars, speaks about 'legal support'!

But beyond that, what's probably even more impressive, is that Dimon essentially admitted what the establishment apparatus would probably describe as 'conspiracy theory' until now. Therefore:

  • Speaking about 'legal support', Dimon actually admitted that the banking mafia fully controls every government at least in the neoliberal West. Under the legitimacy provided by the parliaments in Western democracies, the financial criminal syndicate secures the monopoly of money supply and fully controls the circulation of currency. At the same time, governments obey to the neoliberal perception of the 'free market' fairytale, in order to justify more and more deregulation of the financial system in favor of the banking cartels.

  • As a consequence, Dimon clearly revealed banksters' agony that they could lose the monopoly and absolute control of the global currency circulation by Bitcoin or other cryptocurrencies.

The war was verified by the fact that “Bitcoin fell to its session lows after Dimon's comments. As of 3:01 p.m. in New York, bitcoin traded at $4,106.23, down 2 percent.”

And it didn't stop there. As MarketWatch reported, “Bitcoin and other digital currencies have been getting absolutely toasted in recent trading, with some wondering if withering criticism from Wall Street heavyweights, like J.P. Morgan Chase’s CEO, and growing regulatory scrutiny in China have finally combined to exact a punishing, and lasting, toll on one of the most bubblicious segments of finance. On Thursday, the value of a single bitcoin was down about 14% at $3,349, compared with around $5,000 in early September and representing a roughly $27 billion loss of market value in the world’s No. 1 cryptocurrency, according to digital-currency site Coinmarketcap.com. Ether tokens, the second-most popular digital currency, were down 17% on the day at $230 in recent action. That equates to a loss of more than $16 billion in total value for the currency running on the Ethereum blockchain.”


Why Dimon has chosen to declare war now?

One possible explanation could be related to a recent statement made by the Head of the Russian Direct Investment Fund (RDIF), Kirill Dmitriev, that the BRICS are considering to create their own cryptocurrency for the purposes of global commerce.

Such a move could help BRICS to decouple economies from the Western neoliberal monetary monopoly, even faster. With the technology of more powerful computers in close future that could 'mine' cryptocurrencies at much faster rate, the number of people who will choose to abandon traditional currencies may rise rapidly. Those who will set-up such a de-centralized financial system, will gain a great advantage against the obsolete system of traditional currencies controlled by central banks.

Even entire countries may choose to jump into the new system, in order to escape from the monopoly of the Western hard currencies. The most characteristic example is Greece. Many in Greece are considering Bitcoin and other alternative currencies as a solution against the monetary dictatorship of the ECB.

Recall that, with the rise of SYRIZA in power, and the ECB was forced to proceed in an open financial coup against Greece when the current PM, Alexis Tsipras, decided to conduct a referendum on the catastrophic measures imposed by the ECB, IMF and the European Commission, through which the Greek people clearly rejected these measures, despite the propaganda of terror inside and outside Greece. Due to the direct threat from Mario Draghi and the ECB, who actually threatened to cut liquidity sinking Greece into a financial chaos, Tsipras finally forced to retreat, signing another catastrophic memorandum.

All the above could explain to a significant degree why Dimon and his 'buddies' have declared war on Bitcoin. Yet, simultaneously prove that Bitcoin and other cryptocurrencies should become completely independent from the system of the dominant traditional currencies in order to survive and prevail.

Comments

  1. jsn16/9/17 20:09

    The mining of crypto-currencies is the manufacturing of pure waste:http://cobblehillbilly.blogspot.com/2016/07/the-glib-shit-that-is-bitcoin.html
    Fiat money costs next to nothing to produce while the crypto-currencies rely an huge, environmentally destructive energy wast as their commodity peg to "real wealth" but in fact are pegging themselves to pure waste.

    Popularly, democratically controlled fiat money systems are the most efficient, the trick is to take back control from the Mafia: the money isn't the problem, its who controls it that is.

    ReplyDelete
  2. Muhammad Hassan9/4/18 19:11

    Thanks, that was a really cool read! breaking Bitcoin News

    ReplyDelete

Post a Comment

Popular posts from this blog

‘SHEER EVIL’: MASS PANIC As Israel BOMBS HOSPITAL & RESORT, ‘FLATTENS’ BEIRUT!!

Secular Talk    
Post a Comment
Read more

Πως οι δημοσκόποι χειραγωγούν την κοινή γνώμη υπέρ του καθεστώτος Μητσοτάκη

Ένα χαρακτηριστικό παράδειγμα του system failure Άλλο ένα τσουνάμι δημοσκοπήσεων σαρώνει τα μυαλά των Ελλήνων, το οποίο αναμένεται να δυναμώσει όσο πλησιάζουμε στις εκλογές και όσο τα νέα πολιτικά κόμματα θα μπαίνουν πιο βαθιά στο πολιτικό παιχνίδι. Υπάρχουν ουκ ολίγα παραδείγματα που δείχνουν ότι οι δημοσκοπήσεις στην ουσία χρησιμοποιούνται για να δημιουργήσουν το επιθυμητό κλίμα για το καθεστώς Μητσοτάκη, παρά για να μετρήσουν απλώς τις δυνάμεις των κομμάτων σε κάθε χρονική στιγμή. Θα θέλαμε όμως να σταθούμε σε ένα συγκεκριμένο ερώτημα που οι εταιρίες συμπεριλαμβάνουν στις ¨μετρήσεις¨ τους όλο και πιο συχνά και ειδικά μετά την εμφάνιση των κομμάτων Τσίπρα και Καρυστιανού στην πολιτική αρένα. Οι ερωτώμενοι λοιπόν καλούνται να απαντήσουν αν θέλουν "πολιτική αλλαγή" ή "σταθερότητα". Χωρίς να χρειάζεται περαιτέρω ανάλυση, είναι ξεκάθαρο ότι από μόνο του αυτό το μανιχαϊστικού τύπου ερώτημα, είναι ουσιαστικά η γραμμή του καθεστώτος για το τι σημαίνει σταθερότητα, που εί...
Post a Comment
Read more

“Russia & China Preparing For War With The US!”

The Jimmy Dore Show   Colonel Douglas Macgregor explains that as a result of recent military conflicts, Russia, China, and Iran have become allies, and that Beijing and Moscow have concluded that "if we let Iran fail, we're next on the menu" from what he describes as a "rogue state led by a rogue personality," meaning they will intervene to prevent Iran's collapse if the US threatens it. He tells Jimmy Dore that Putin called Trump for an hour and a half to make it clear that a military campaign in Iran would not succeed and would make the situation much worse, offering to store Iran's enriched uranium as a diplomatic gesture. Macgregor warns that if the US restarts the war, China could send 40 or 50 surface combatants and submarines to the Indian Ocean, and Russia could fly MiG-31s into Iranian airspace — not to provoke a direct confrontation but to "make a point." He concludes that the British Empire overreached and overextended with World War...
Post a Comment
Read more

A response to misinformation on Nicaragua: it was a coup, not a ‘massacre’

There is so much misinformation in mainstream corporate media about recent events in Nicaragua that it is a pity that Mary Ellsberg’s article for Pulse has added to it with a seemingly leftish critique. Ellsberg claims that recent articles, including from this website, often “ paint a picture of the crisis in Nicaragua that is dangerously misleading. ” Unfortunately, her own article does just that. It looks at the situation entirely from the perspective of those opposing Daniel Ortega’s government while whitewashing their malevolent behavior and downplaying the levels of US support they have relied on. Her piece is an incomplete depiction of what is happening on the ground, ignoring many salient facts that have come to light and which have been outdated by recent events. The following is a brief response to Ellsberg’s main points from someone who lives in Nicaragua and has observed the situation directly and intimately: https://grayzoneproject.com/2018/08/15/a-res...
Post a Comment
Read more

Billionaires are social distancing in super yachts as tens of millions lose jobs

Everyday, it becomes clearer: the COVID-19 pandemic is hitting poor, working, and marginalized communities the hardest. Millions of workers – especially low-wage retail, food service, hospitality, and care workers – have faced the terrible choice daily between going to work and risking their health, or staying home and risking their paychecks. Many other workers don’t even have that choice, with around 30 million people in the US filing for unemployment in the past six weeks. But billionaires don’t face these same problems. As tens of millions have lost their jobs over the past two months, billionaire wealth soared by a whopping $282 billion between March 18 and April 10, according to a new study from the Institute for Policy Studies.  And while finding enough space to wait out the pandemic is something many struggle with, billionaires have been escaping to their second (or third, or fourth) homes to ride it out in luxury – all while they position themselves to ...
Post a Comment
Read more

Προβλέψεις ...

GR elections Update (15/9): Αναθεωρημένες προβλέψεις (μετά το δεύτερο debate): ΣΥΡΙΖΑ 28-30% ΛΑΕ + ΣΧΕΔΙΟ Β' κ.λ.π. 20-23% ΝΔ 11-13% ΧΑ 6-8% ΚΚΕ 5-5,5% ΕΝΩΣΗ ΚΕΝΤΡΩΩΝ 2,5-3% ΠΟΤΑΜΙ 2,5-3,5% ΠΑΣΟΚ + ΔΗΜΑΡ 3-4% ΑΝΕΛ 2,5-3,5% Update (11/9): Αναθεωρημένες προβλέψεις (μετά το πρώτο debate): ΣΥΡΙΖΑ 25-28% ΛΑΕ + ΣΧΕΔΙΟ Β' κ.λ.π. 20-23% ΝΔ 11-13% ΧΑ 6-8% ΚΚΕ 5-5,5% ΕΝΩΣΗ ΚΕΝΤΡΩΩΝ 3,5-4% ΠΟΤΑΜΙ 2,5-3,5% ΠΑΣΟΚ + ΔΗΜΑΡ 3-4% ΑΝΕΛ 2,5-3,5% Update (04/9): Αναθεωρημένες προβλέψεις: ΣΥΡΙΖΑ 23-25% ΛΑΕ + ΣΧΕΔΙΟ Β' κ.λ.π. 20-23% ΝΔ 12-15% ΧΑ 6-8% ΚΚΕ 5-5,5% ΕΝΩΣΗ ΚΕΝΤΡΩΩΝ 3,5-4% ΠΟΤΑΜΙ 2,5-3,5% ΠΑΣΟΚ 3-4% ΑΝΕΛ 2,5-3,5% Update (29/8): Αναθεωρημένες προβλέψεις: ΣΥΡΙΖΑ 23-25% ΛΑΕ + ΣΧΕΔΙΟ Β' κ.λ.π. 20-23% ΝΔ 12-15% ΧΑ 6-8% ΚΚΕ 5-5,5% ΕΝΩΣΗ ΚΕΝΤΡΩΩΝ 4-4,5% ΠΟΤΑΜΙ 4-4,5% ΠΑΣΟΚ 3-4% ΑΝΕΛ 2,5-3,5% Update : Αναθεωρημένες προβλέψεις: ΣΥΡΙΖΑ 26-27% ...
24 comments
Read more

How Western societies lost their faith in Vision

Why people don't rise up massively today? Why there are no real revolutions? How we tolerate all things that have been imposed to us? These questions come up in people's minds more and more often today in Greece and abroad, due to the economic crisis. Some theories are circulated as an answer, among these, explanations which include, for example, the psychosynthesis of modern Greeks, but the truth is that there is something more fundamental behind this passive behaviour and concerns not only Greece, but the entire Western world. by system failure Prior to the beginning of the 20th century, Friedrich Nietzsche declares God's death and Western world will put all its hopes in science. Laplace's Determinism leads to the almighty man, who through science, can find all the answers for the world. Technology, which naturally comes from scientific discoveries, promises prosperity and a better life for the majority. Science becomes the central "pylon...
18 comments
Read more

Iran ALREADY HAS A Nuclear Weapon – Says Inside Source!

The Jimmy Dore Show   Guest host Garland Nixon interviews former intelligence analyst Larry Johnson about escalating tensions involving Iran, Israel, and the United States, focusing on reports that Israel is not only urging Washington to abandon negotiations, but is also pressuring the U.S. to assassinate Iran’s lead negotiator. Johnson claims that Iran has withdrawn from talks with the U.S., may leave the nuclear non-proliferation framework, and could potentially conduct a public nuclear test to demonstrate deterrence capabilities, citing information he says came from intelligence sources. The discussion examines the strategic roles of Pakistan, China, and Russia in the region, as well as disputes over the Strait of Hormuz, Israeli military actions, and the prospects for a new Middle East security architecture independent of U.S. influence. The speakers argue that Israeli efforts to weaken Iran have instead strengthened Tehran's regional position and altered the geopolitical balan...
Post a Comment
Read more

Οι ιδιώτες 'επενδυτές' ως η μόνη επιλογή για ανάκαμψη: άλλο ένα παραμύθι του νεοφιλελέ κατεστημένου

Άλλη μια 'ιερή αγελάδα' της νεοφιλελεύθερης χούντας που κανείς δεν επιτρέπεται ούτε καν να διανοηθεί να αμφισβητήσει του system failure Το Ελληνικό πείραμα διανύει ήδη τον έβδομο χρόνο του με την οικονομία ρημαγμένη και κανένα σημάδι ανάκαμψης στον ορίζοντα. Εκτός από την απόλυτη αποτυχία των νεοφιλελεύθερων πολιτικών που επιβλήθηκαν στην Ελλάδα από την Τρόικα της καταστροφής, έχει ενδιαφέρον κανείς να εξετάσει και τον τρόπο που τα νεοφιλελεύθερα αφηγήματα έχουν επηρεάσει σε μεγάλο βαθμό την κοινή γνώμη, με αποτέλεσμα να καταλήγουν αναπόσπαστο κομμάτι ενός στρεβλού ορθολογισμού μέσα στις κοινωνίες. Η διαδικασία αυτή γίνεται με όχημα, κυρίως, την προπαγάνδα και την πλύση εγκεφάλου από τα ΜΜΕ και το πολιτικό κατεστημένο. Ένα από τα κεντρικά κλισέ των φερέφωνων του νεοφιλελευθερισμού στην Ελλάδα και αλλού αφορά την απόλυτη αναγκαιότητα των ιδιωτών 'επενδυτών' για την ανάκαμψη της οικονομίας. Τα ιδιωτικά κυρίαρχα μίντια και το πολιτικό κατεστημένο κατ...
9 comments
Read more

From Moscow to Beijing: Eye on good neighbors with deep people-to-people ties

CGTN   Russian President Vladimir Putin has wrapped up his state visit to China. The bilateral meeting in Beijing has led to the extension of the 25-year-long Treaty of Good-Neighborliness and Friendly Cooperation, with high political mutual trust the backbone. Meanwhile, China and Russia issued a joint statement on promoting a multipolar world and a new type of international relations. What does the China-Russia relationship seriously mean to the two countries and to the world? 
Post a Comment
Read more