Global Banksters: Manipulating Crypto Markets- An Addendum

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Yesterday I posted about global banksters weaseling their way into the cryptocurrency market in an effort to control it. Given that the market cap will likely push the $1 trillion mark this year, (all things being equal) it was inevitable that they would... This is a plum too ripe to pass up. Without reiterating their history of manipulating global currencies, as well as commodities such as precious metals, I think it's fair to say that there is no dirty trick they won't use to not only gain entrance, but manipulate the crypto market itself. It seems that much better minds than my own seem to agree... in fact, it already seems to be happening.

In an interview with Craig Hemke of TF Metals on the SGT Report (I'll post the video at the end... I can't urge you strongly enough to watch if you do any trading in crypto's or metals) it appears that our friends at Morgan-Chase are shorting BTC positions the same way that they employ the same tactic to artificially depress the silver market. One thing I learned that I was previously unaware of is that you can buy BTC futures, the same way you can Gold, Silver, Pork Bellies, or any other commodity. Please note: OWNING FUTURES IS NOT THE SAME AS OWNING THE THING ITSELF. I can't emphasize this enough. When you buy futures, you're only buying "paper assets," you don't actually own anything- it's only smoke and mirrors (unless you hold several million and can short them yourself).

For anyone not aware of how it works let me try to simplify... If you buy one ounce of gold, you have 1 oz. of gold. If you buy 1 oz. of gold in the futures market, you own air. If you try to turn it in for actual gold, you will find that perhaps 30 other people own the same oz. of gold. How do they do it? Much the same way that fractional reserve banking works, I believe. They don't actually have to have the physical gold on reserve to sell it. As long as they have SOME gold on hand they can sell it over and over again. Now they're doing the same thing with BTC. DO NOT BUY BTC FUTURES! You might be ok, but like with gold and silver, it's much better to own the actual metal, or cryptocurrency.

It appears that the current dip in the price of BTC is Morgan-Chase shorting some of their position in an effort to manipulate the market. Will it work? In the video, Mr. Hemke says that it might in the short term. In replying to a comment yesterday I said: I think BTC will be fine- I look at this dip as the perfect time to buy. Our big secret here in the crypto market that they haven't figured out yet is that we're here because we don't trust them. They might cause a little glitch with some of the more "scary" holders... But most are savvy enough to stay the course. I believe that in the long run this will be crypto's salvation. Mr. Hemke makes much the same point... Very few people, especially old people and Millennials (Ah- at last common ground!) trust banks- and bankers even less. That's why we're here and investing in cryptos in the first place.

I don't like to give investment advice- I have been known to be wrong... I once bought 1000 shares of some coin because it was $0.01- the only way to go is up, right? WRONG!!! So that having been said- in the immortal words of Patrick Henry: "Give me BTC or give me meth!" Wait, that isn't right!!! Seriously, I intend to buy all the BTC I can while the price is down a bit. I believe that in the long term cryptos will turn out to be the democratic alternative (because they aren't government owned) to both fiat and the banksters.

GIF by @papa-pepper