The Great Deflection, pay no attention to the man behind the curtain.
The DJIA lost 1095 points THIS week, and 665 today! And yet, as soon as the financial news glosses over those points, they quickly deflected the attention to bitcoin and the cryptocurrency "bubble". If you don't get it by now, you're an idiot. The fiat system is collapsing and the fiat masters want CONTROL of those crypto assets by repeating day after day the fictional bitcoin bubble or cryptocurrency bubble. The shear audacity of these people to scream "bitcoin bubble" while THEIR OWN REAL BUBBLE IS IMPLODING is just pure insanity! These bankers and brokers are truly sociopaths. They will stop at nothing to deceive you!
Even Bloomberg TV got into the act today. Their "Senior Financial Editor", Rob Urban, made the ridiculous statement that bitcoin, and cryptocurrencies have "no transparency"! This bonehead went on to equate the cryptocurrency retracement to the dot com bubble! Obviously, Rob Urban really doesn't understand how a distributed ledger, i.e. blockchain, works. On the bitcoin ledger, anybody can SEE every transaction! It is outrageous that such stooges are paraded onto TV as if they are informed or intelligent. Of course, the "other on-air talent" just nod their heads in agreement like they understood. Our world has morphed into an Orwellian nightmare!
Let's be clear about the events taking place here. Back in beginning of December 2017, Wall Street began its involvement in cryptocurrency investing. From the very beginning, the Wall Street chatter was all about HOW to short Bitcoin. Bringing down the cryptocurrencies and bitcoin was their objective from the start. How do we KNOW that, because they said so on every financial news outlet when they announced the bitcoin futures for the NASDAQ, the CBOE, and the CME. Just like Jamie Dimon calling bitcoin a "fraud" while his bank was quietly placing their best clients in bitcoin investments, the M.O. of these bankers is to make false statements and use their resources to scare existing crypto-investors out of their positions so the bankers can pick up these assets at deep discounts. It is the oldest trick in the book (see yesterday's post videos). The bankers are just common con men in nice suits.
Today, you saw a MASSIVE sell off in both the stock market AND bond market. But, it wasn't just the United States, it was global! This huge sell off has placed extreme volatility in the commodities markets. This is ONLY the beginning. Everything these evil people manipulated and rigged is coming apart. The ONLY assets they could NOT gain control of has been cryptocurrencies! When the collapse becomes widely obvious, cryptocurrencies will be the ONLY assets standing. That is WHY the bankers wanted so desperately to short them, to scare the cryptocurrency holders into selling them off! When the public finally realizes the weakness in the US dollar coupled with collapsing stock and bond markets unable to stabilize value, millions of investors will flock to cryptocurrencies and they will explode in value. THIS is why Wall Street has such a keen interest in bitcoin and blockchain. HOLD YOUR CRYPTOCURRENCY INVESTMENTS. Don't fall for their ploy no matter what you hear on television. A year from now you will be ecstatic with your investment's value. But, right now, there's a lot of deception and misinformation!
But, let's look at today's charts..... remember, they never lie!
Notice THE BIG DROP (red candle)? Notice the big increase in volume? Notice that today the DJIA closed WELL BELOW the Trend line? That's a bad thing IF you're planning to hold stocks!
The chart below shows the 100 day moving average (that's the RED line).The chart ABOVE, the RED line is the 50 day moving average. When the prices break the 50 day moving average, prices will accelerate lower. When they break the 100 day moving average, down turns will come faster and bigger!
The chart below is a 3 year chart, and it clearly shows the stock market's huge bubble in prices. As you can see, it is a LONG way down to the bottom, but we'll get there in an amazingly short period. This chart only goes down to 15,500. We are expecting a bottom to appear around 5,500 to 7,000.
If you're smart, while prices are artificially depressed, now is a great time to pick up more Bitcoin, Electroneum, and Ethereum. The bankers are hoping you won't think to do that, they just want you to believe in their fear-mongering and deflections.
Even Bloomberg TV got into the act today. Their "Senior Financial Editor", Rob Urban, made the ridiculous statement that bitcoin, and cryptocurrencies have "no transparency"! This bonehead went on to equate the cryptocurrency retracement to the dot com bubble! Obviously, Rob Urban really doesn't understand how a distributed ledger, i.e. blockchain, works. On the bitcoin ledger, anybody can SEE every transaction! It is outrageous that such stooges are paraded onto TV as if they are informed or intelligent. Of course, the "other on-air talent" just nod their heads in agreement like they understood. Our world has morphed into an Orwellian nightmare!
Let's be clear about the events taking place here. Back in beginning of December 2017, Wall Street began its involvement in cryptocurrency investing. From the very beginning, the Wall Street chatter was all about HOW to short Bitcoin. Bringing down the cryptocurrencies and bitcoin was their objective from the start. How do we KNOW that, because they said so on every financial news outlet when they announced the bitcoin futures for the NASDAQ, the CBOE, and the CME. Just like Jamie Dimon calling bitcoin a "fraud" while his bank was quietly placing their best clients in bitcoin investments, the M.O. of these bankers is to make false statements and use their resources to scare existing crypto-investors out of their positions so the bankers can pick up these assets at deep discounts. It is the oldest trick in the book (see yesterday's post videos). The bankers are just common con men in nice suits.
Today, you saw a MASSIVE sell off in both the stock market AND bond market. But, it wasn't just the United States, it was global! This huge sell off has placed extreme volatility in the commodities markets. This is ONLY the beginning. Everything these evil people manipulated and rigged is coming apart. The ONLY assets they could NOT gain control of has been cryptocurrencies! When the collapse becomes widely obvious, cryptocurrencies will be the ONLY assets standing. That is WHY the bankers wanted so desperately to short them, to scare the cryptocurrency holders into selling them off! When the public finally realizes the weakness in the US dollar coupled with collapsing stock and bond markets unable to stabilize value, millions of investors will flock to cryptocurrencies and they will explode in value. THIS is why Wall Street has such a keen interest in bitcoin and blockchain. HOLD YOUR CRYPTOCURRENCY INVESTMENTS. Don't fall for their ploy no matter what you hear on television. A year from now you will be ecstatic with your investment's value. But, right now, there's a lot of deception and misinformation!
But, let's look at today's charts..... remember, they never lie!
Notice THE BIG DROP (red candle)? Notice the big increase in volume? Notice that today the DJIA closed WELL BELOW the Trend line? That's a bad thing IF you're planning to hold stocks!
The chart below shows the 100 day moving average (that's the RED line).The chart ABOVE, the RED line is the 50 day moving average. When the prices break the 50 day moving average, prices will accelerate lower. When they break the 100 day moving average, down turns will come faster and bigger!
The chart below is a 3 year chart, and it clearly shows the stock market's huge bubble in prices. As you can see, it is a LONG way down to the bottom, but we'll get there in an amazingly short period. This chart only goes down to 15,500. We are expecting a bottom to appear around 5,500 to 7,000.
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