Visions of Blockchain Magazine S01E04 | Page 40

Megaphone Want to see how FUD (Fear, Uncertainty and Doubt) is made? On 7th February 2018, someone hac- ked the mailbox of China’s Central Bank to email a false opinion abo- ut the crackdown on Bitcoins. False press invitations have been distri- buted to US media, saying the Hong Kong Monetary Authority (HKMA) and the Peoples Bank of China (PBOC) are about to jointly introduce new measures to crack down on „all aspects and Bitcoin trade services in Mainland China and Hong Kong.” Who would do such a thing? Only those who have an interest in bre- aking the Bitcoin price - would an ordinary computer scientist or a hac- ker do that? No - because they cannot benefit from this FUD. Only an influ- ential cartel that can benefit from the creation of a FUD would do it. The Futures Market for Gold, Silver and Uranium have been manipulated during all those Years. - Uranium increased from $5 to $130 from 1993 to 2007. Futures contracts began in May 2007. - Gold went from $1837/oz to $1,064 from 2011 to 2017 - Silver (Silver) went from $46 to $15 from 2011 to 2017 Note that gold futures started much earlier - in 1974. In fact, gold has increased after the introduction of futures in 1974. but here are the reasons why prices have not been removed: It was not necessary to do this since gold had just been decoupled from the USD in 1971. The United States did not have a debt of $21 trillion at that time. The need came with the 2008 financial crisis when gold rose parabolically in 2011 with debt. Do you have doubts about the manipulation of Futures Con- tracts? 29th January 2018, CFTC files eight anti-spoofing actions against three banks (Deutsche Bank, HSBC and UBS) and six individuals for spoofing certain futures on gold and other pre- cious metals traded on the Commo- dity Exchange, Inc. (COMEX). By the way, just recently, 11th June 2018, here’s what newspapers head for: „Manipulation of the „Futures” of Bitcoin? CFTC surveys with four exchange platforms to find out.”