Yes, Virginia, the federal banks are manipulating the price of bitcoin... war is declared, and battle lines are drawn! Elon & Mikey vs. Yellen & LaGuarde!! power plays PART ONE OF TWO

Yes, Virginia, the federal banks are manipulating the price of bitcoin... war is declared, and battle lines are drawn! Elon & Mikey vs. Yellen & LaGuarde!! power plays PART ONE OF TWO


Hi there all y'all sweet lil' cypherpunks, we love ya we love ya we love ya!!!  Thanks for riding shotgun on the greatest wave of monetary transcendentalism ever!!! 

The rise and rise of Bitcoin surfs onward and upward!   Two weeks ago, we all wondered WTH was going on with the latest power surge in  BTC prices. we all saw this graph and said " hey some unknown wall of money institution is "dabbling" again  (BlackRock?)     remember this graph ?2e27457d0c522248572e546c8ca4eb35bd19116b8b3e68004f7bd5cbdc5b2881.png

And a week later, we were all proven right when Mikey told us it was him what snapped up another 20K bitcoin at a cool one billion dollars, average cost $52K, market impact taking us to a new ATM of 58K.  Right about the same time, Elon decided that bending over Bitcoin was (ahem, erm)  too tempting to ignore.  In combo Elon & Mikey S. threw down and called out the Fed banks, calling bullshit on unlimited fiat printing and double dog daring Yellen, LaGuarde et al to do anything about it.  

The wash of good bitcoin news is overwhelmingly good, pick your sector - big name endorsements, firm treasuries dipping in, ATF's, fakie ATFs like Microstrategy doing SPAC like blank check plays on Bitcoin, Kentucky following Wyoming jumping in to compete with Singapore, Mnuchin's anti-crypto privacy bill fading away like a sad fart,  pick em for god's sake dogs and cats living together in peace.  Yet the very next week, the price of Bitcoin dropped,  leaving  Mikey looking alone and stupid at 52K while we slumped like this: 1e49fb43b80019adad4681d40f528b27f9e158416baa4a5ecc3bd6a29b1b34fa.png 

 

Yes, even when a family ( or a hedge fund) scores a perfect deal on real estate property in an up and coming urban neighborhood - there is still that one golden moment where that deal  ( that will go 10x in coming years ) looks THAT month by definition like the biggest idiot on the block just bought the most expensive, and not even the nicest, house.  That's Mikey, looking like a fool holding BTC at 52,000 ( which he has to mark up a tad more for overhead before his investors get it .) All lonely and outcast when BTC yammers down over 20% right after Mikey laid his family jewels on the saddle.  Who would possibly benefit from this timely, counter intuitive dip?  Three guesses and the first two don't count bud. 40aa8e90cd4289c83149e45aa68d97ba0829f89440dba268cc88d2c7d586cb38.png

What's the news on the other side of the narrative about the hardest, yet fastest money ever?  Yellin is running around the EU and LIttle Britain, cheerleading to "go big" on the greatest money printing stimulus in a long line of incomprehensible printing fiascos.  And then she stops to vomit up "bitcoin is evil terrorism" every few weeks.   But every time the central banks print, their money deflates vs. bitcoin so fast it is like a clown show.   And what do politicians hate more than losing face like that?  NOTHING. 

Which leads to the big giant stunningly huge question - CAN THE FEDERAL GOVERNMENTS MANIPULATE THE PRICE OF BITCOIN?   Yep, it's irresistible force versus immovable object time at the hacienda.  We are all about to find out. 

Let's face it,  there is only ONE  option in the fed bank's "toolkit" ( do ya even need a tool bag when ya only have one tool? )  Yes, the Fed banks think they can continue to control inflation, unemployment, velocity of money, war, housing choices, and the result of your Google searches all by just printing money.  

OH, OK, the feds use all of their soft power to fight bitcoin, slow rolling ETFs, whisperstreaming lies.   But let's look at HARD power.   The US fed has played mindboggling games with money before as we all know.  In the 30's, they confiscated all gold at below market rates, then doubled those rates and sold some back - how gangster is that?  Then in the seventies, Tricky Dick shut the gold window, cutting the tenuous tie between printed fiat and actual, well, anything.   Dick, before getting impeached back when that meant something, HAD to stop the world from exchanging dollars for gold at a laughably false official rate before the Fed went bust.  

Some narratives of governmental abuse of money are just too depressing / hard to fully comprehend, only the bright happy shining light of Bitcoin let's us re-examine them; case in point, the Petrodollar.  Remember, the US officially bans cartels (e.g. would supposedly arrest any DeBeers diamond player if they set foot in NYC. )   Yet somehow in those hazy seventies, the US sealed a deal with THE cartel, OPEC and now EVERYONE IN THE WORLD HAS TO BUY THE MOST VALUABLE COMMODITY OF ALL EXCLUSIVELY IN U.S. DOLLARS what what what?    Just imagine our surprise when we are a country that hates the US that wants to buy OR SELL oil to another country that HATES THE US, but first we have to scrape together ALL THE FUNDS IN DOLLARS.    The next time some idiot tries to tell us about the energy costs of BTC, ask them to estimate the energy cost of the petrodollar BECAUSE THAT INCLUDES ELEVEN NUCLEAR AIRCRAFT CARRIER warships and their support fleets and bases around the globe to keep THOSE payment rails running smooth. 

So, don't even consider thinking the feds would not d-ck with the price of Bitcoin - we know they would.   2020, superpowered by corona, ripped the veils of illusion off of many, many things.  Our healthcare system, our social fabric, Robinhood, Trump saying he is for the little guy, Dems saying our votes count, everyone rich not being affected by dinner party bans, poor neighborhoods decimated, all the money printing going on pretty much for everyone except you. 

Only when looking HARD at BTC do we see a stunning pile up of weird facts.   There are huge distortions in the matrix caused by zero and negative interest rates.  But skipping those, man, the government owns ALL of the mortgages in the country.  What what? why?  The government owns all of everything, that's why!  The bond market used to dwarf the equity market.  Now, with the good equities just being conduits to zero percent interest rate hog trough funding END OF PART ONE


Dave Sawyer
Dave Sawyer

National Merit got this punk rocker to Oberlin, and Wall Street fintech gave up world tours and an NYU MBA. I am a Bitcoin true believer. Bitcoin is deeply revolutionary in a way we always prayed tech would be. Keep the baby Faith!


Accelerationist Shit Show - buy Bitcoin NOW
Accelerationist Shit Show - buy Bitcoin NOW

Face it. The geopolitical world is going down hard in a blaze of money printing. America freaking out makes the world freak out, burning cities, riots and total polarization while the MMT monkeys at the Fed make the printers go brrrrrrt as we whack the world economy with Covid. Join us as we go crawlin thru the wreckage. A lot of things that were going good just stalled hard. A lot of things going bad are getting there faster and faster. to quote Nina Hagen, FUTURE is NOOOOWWWW!!!!

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