If this merchant uses another bank, the
clearing house will take care of turning
your units of account into Euros, and
vice versa. The European Central Bank
requires commercial banks to create li-
quidity in the form of bank loans and
it is the banks that enrich themselves
at the expense of the population. This
banking system is in my opinion the
scam of the century and is dangerous
for the survival of the economy; the
debt is growing day by day and make
no mistake: the next crisis will be mon-
strous. Bitcoin has become the enemy
of all governments because it is a dan-
ger for the financial elite. The French
“La Banque Postale” for example, clo-
ses the accounts of all its customers
who decide to invest in cryptocurrency.
A government can lose control if the
people consider that their currency has
no value and decide to switch to Bitco-
in (I’m talking about Bitcoin because
today it represents about 37% of the
cryptocurrency dominance, the altco-
ins follow Daddy). If the public decides
to believe in this new payment system,
it could have very serious repercus-
sions.
When there is money stored in gold or
Bitcoin, it shows that the powers are
bankrupt and that their money “FIAT”
(money decreed by the state) is worth-
less. If the cryptos-active increase, all
the money supply dries up and settles
there. When the money stays on the
stock and bond markets, it supports
the FIAT currency trade.
These markets represent the eco-
nomies of the developed countries,
so they are artificially high enough
to be led to believe that FIAT cur-
rencies really have value. Dimon,
CEO of JP Morgan says, „Bitco-
in is a fraud.” I understand him,
after all, Bitcoin is a danger to the
banks (by the way, he comes back
to these remarks when he is accu-
sed of detaining them). But, when
Bill Gates says: „If I had Bitcoins,
I would sell them,” I find it hard
to believe that this guy created
Windows while at the same time
did not understand Satoshi’s holy
book today. I assume that anyone
who has read Satoshi cannot say
that Bitcoin is simply a volatile in-
strument, or that it has no interest
or future.
Megaphone