Something Most Of Crypto Does Not Realize: The Fed Issued $4 Trillion In Tokens
A token represents something else. For this reason, we see the Fed being the biggest issuer of tokens in the history of the world. This is a point that is missed on most people.
What does this represent? USD. The Fed does not create USD, that is not in their power. So they have to create tokens to make people think they print USD.
In this video I discuss how HBD has more use cases than what the Fed prints. Individuals or businesses outside depository banks are not allowed to hold what the Fed creates.
The Fed creates nothing more than inter-bank tokens that are moved back and forth between primarily 3 banks.
https://www.thefreedictionary.com/token
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They told me if I killed myself now it would save the lives of countless others.
Saying the longer I wait to kill myself the more people will suffer.
They are reckless and should have shown the proper media what they had before taking me hostage for 5 years. I know there are many in prison that dont deserve to be there because of this. Your stay in prison will not be fun @battleaxe and friends. People are going to want you dead when they find out what you did. I hope you die a slow painful death. You sick mother fuckers.
https://peakd.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem
Its a terrorist act on American soil while some say its not real or Im a mental case. Many know its real. This is an ignored detrimental to humanity domestic and foreign threat. Ask informed soldiers in the American military what their oath is and tell them about the day you asked me why. Nobody has I guess. Maybe someone told ill informed soldiers they cant protect America from military leaders in control with ill intent. How do we protect locked up soldiers from telling the truth?
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BEER.Hey @taskmaster4450le, here is a little bit of
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BEERKING.Warren Buffett's ignorance about the values of bitcoin and other cryptocurrencies doesn't mean that there's no value. The truth about the matter is that he has been left behind in terms of technological advancements. Having a lot of money doesn't give anyone the leverage to make ignorant statement.
I believe that he's afraid that Bitcoin and other cryptocurrencies will take over the global financial economy in the nearest future.
I'll advise Warren Buffett to move most of his holdings into bitcoin and gain more rewards from crypto.
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Either Buffett and Munger are ignorant to what the Fed is doing in that it does not issue USD or, more likely, they are promoting the bs since they profit off it.
Whatever the reason, those who believe the Fed actually has any power really do not understand what the Fed truly does.
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Exactly. On both accounts.
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I didn’t know the FED joined the shitcoin brigade!
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Lol, NO, THEY CREATED IT!! 🤣🤣
Lol 😂
The commercial banks told them to kiss off in 1937 so it was a long time ago they started with their reserve garbage.
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Fully agree and that's really the beautiful thing about stable coins and crypto in general. It's allowing people to take part in systems reserved for wealthy only. Even if you only have $10 or $100 you can still take part in it all and I think that's powerful!
I plan on stacking some HBD again once Hive climbs to around $1 again. From now I'm building the HIVE coffers to help fuel the HBD growth later down the road in curation rewards.
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“The creature from Jekyll Island”, the eye opening book every single person should read. Sad part is, most people just wouldn’t believe what is written… I asked someone in a the pub a few days ago, what gives your 50 EUR note value. He couldn’t give a decent answer, but still said crypto is a piramid scheme. I ended the discussion there.
Actually that is a total lack of understanding of the banking system also. People really do not how things truly operate. People believe in the Fed's power not realizing there isnt much there.
And yes the EURO is cooked but not for reasons so many think.
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It is a complex issue that of the issuance of tokens, he believed that there must be someone in charge of that since they can saturate the market. Now a question who is in charge of creating and distributing the American USD.
You really touched on a great topic. That's why I love the crypto market so much, it's incredibly easy to join and invest in and this market appeals to everyone. There is also a place for anyone who wants to be free in the financial world.
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Warren Buffet and those that follow along with him tend to lack knowledge in technology and they dislike change. Given enough time, he will just have no choice but to accept it and that is evident in his investing history as he has done so in the past.
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Summary:
In this video, the speaker discusses the recent comments made by Warren Buffett and Charlie Munger regarding cryptocurrency, particularly Bitcoin. The speaker expresses disagreement with Buffett's stance on Bitcoin, arguing that the technology and network of cryptocurrencies hold value outside the control of governments and central banks. The speaker delves into the importance of understanding technology and its impact on the evolving financial landscape while highlighting Buffett's past investment strategies and knowledge in the banking sector. The argument is made that Buffett's dismissal of Bitcoin's value may stem from a lack of understanding or awareness of the changing dynamics within the financial and technological realms.
Detailed Article:
The video starts with the speaker addressing recent statements made by Warren Buffett and Charlie Munger regarding cryptocurrency, specifically Bitcoin. Buffett and Munger, known for their leadership roles at Berkshire Hathaway, have expressed skepticism and lack of support towards cryptocurrencies, with Buffett famously stating that he wouldn't pay $25 for Bitcoin as he believes it holds no value.
The speaker, reflecting on their own background as a non-millennial and not particularly tech-savvy individual, acknowledges the complexities of technological advancements and the challenges in comprehending certain technical aspects. Despite this, the speaker emphasizes the importance of studying technology over the years to grasp trends, technological cycles, and overall progress in the field.
A key point of contention for the speaker is Buffett's dismissal of Bitcoin's value. The speaker believes that the decentralized nature of cryptocurrencies, like Bitcoin, which operate outside the control of traditional financial institutions and governments, holds substantial value. The speaker argues that Buffett's understanding of the banking system and financial networks should lead him to acknowledge the value of secure computer networks like blockchain.
Furthermore, the speaker highlights Buffett's substantial expertise in banking and investments, suggesting that his lack of appreciation for cryptocurrencies, particularly Bitcoin, may stem from a lack of understanding rather than deliberate misinformation or fear, as implied by the term "FUD" (fear, uncertainty, doubt). The speaker draws parallels between blockchain technology, a distributed ledger system, and the traditional banking system, noting that both involve ledger-based transactions, albeit one being decentralized and the other managed among a network of banks.
The video concludes with the speaker emphasizing the significance of communication networks in the financial sector and how money essentially operates as a database. The speaker encourages viewers to understand the evolving landscape of technology and finance, implying that Buffett's skepticism towards Bitcoin may be a reflection of his limited perspective on the transformative potential of cryptocurrencies and blockchain technology.
In essence, the video provides a critical analysis of Warren Buffett's stance on Bitcoin, underlining the importance of embracing technological advancements and their impact on the financial world. The speaker urges viewers to consider the value of decentralized networks and understand the fundamental shifts occurring within the traditional banking and financial systems.