Central banking, which is a tenet of communism and a scheme to impoverish the many to benefit a few, is one of the evilest, most pernicious and rapacious entities on Earth.
So, when a member of the German central bank, Bundesbank, warned against buying bitcoin I almost choked on my wiener schnitzel.
Having a central bank warn against buying bitcoin is like a rapist warning you that sex with your spouse isn’t as exciting as when he rapes you.
Yes, we know… and that’s why most people prefer not getting raped… and why we prefer bitcoin over any central banking scrip.
Here is what Carl-Ludwig Thiele, a Bundesbank board member said:
“Bitcoin is a means of exchange which is not issued by a central bank, but by unidentified actors. I do not see it as a currency. If you think Bitcoin would be as safe as the euro or the dollar, you have to take responsibility for it. We can only warn people not to use the bitcoin to preserve purchasing power.”
It comes as the height of arrogance to warn now, with bitcoin at all-time highs near $1,800, that bitcoin is a bad currency to “preserve purchasing power.”
If you had bought $1000 USD worth of bitcoin back in 2011 at $3, it would now be worth roughly $566,000.
If you had $1,000 USD in 2011, it would still be “worth” $1,000, but that $1,000 would only buy about $913 worth of goods. And that is when calculating the depreciation with the government’s own CPI index of 1.34% per year which has no bearing on reality. It is much higher than that.
If you had bought $1000 USD worth of euros in 2011, you’d now have $859 worth of euros considering the January 2011 USD exchange rate of .748 Euro per dollar.
So, with dollars, you would have lost roughly 1.34% per year due to inflation and with euros, you lost a whopping 5% due to the drop in the value of the euro and even more if inflation is considered. And, with bitcoin, your purchasing power increased by 56,500%.
So, clearly, you can see why the German central bank is warning against holding bitcoin. Because if everyone held bitcoin we’d all be rich and there would be no German central bank for Carl-Ludwig, that Keynesian communist, to “work” at.
Let’s compare bitcoin to central bank issued fiat currency to show further how ludicrous Thiel’s statement is:
Across Europe and the US, the economies are falling apart as the middle class is wiped out and tens of millions are pushed into poverty by the direct actions of the central banks.
Minimum wage protests continue because people are finding that the central bank’s inflation has made it so they can barely afford to eat anymore.
Meanwhile, the value of bitcoin continues to increase. Had everyone had bitcoin for the last few years there’d be no poverty and no strife.
The euro has fallen 99.75% versus bitcoin since 2011. This is what the German central bank is warning you about.
We suggest you ignore anything that the government, central banks and mainstream media tell you. All three of them are centralized and archaic and are in the midst of being washed away by a new paradigm of non-violent, decentralized systems of which bitcoin is one.
Most of the world hasn’t realized this evolution is in process, though, so you can still get in and well-positioned before the crowd and potentially realize a fortune for doing so.
You can get access to our book, Bitcoin Basics, and our newsletter that covers this ongoing paradigm shift here.
I’ll wager with Carl-Ludwig Thiele that bitcoin outlasts both the US dollar and the euro. In fact, I’ve predicated my life’s work around it here at The Dollar Vigilante.
Central banking is so 20th century. It’s time people like Carl-Ludwig Thiele disappear. In fact, why is the Bundesbank even still around? It essentially does nothing now that the counterfeiting power and interest rate market manipulation are committed by the European Central Bank.
Poor Carl-Ludwig, he doesn’t even know he is already obsolete.
I bought groceries in Costa Rica with Steem a trading a account today.. hahaha made me laugh at them trying to regulate all this nonense.
Did you post it to Youtube? If so, someone just forwarded me your video a few minutes ago, loved it!
Yeah, we did just post a youtube video! So glad it found its way to you guys! Amazing,Thank you!! Here was the link to our Steem post as well: https://steemit.com/steemit/@thearcanebear/living-off-of-steemit-in-central-america-buying-groceries
Been a fan of TDV for years, active subscriber and fan!
Fucking awesome! :D
Thank you! We are so excite to keep sharing. Follow and re stem if you can!
I agree we have enough regulations!
Yes, its better we learn to govern our individual selve first, instead of telling others how to do it!!
I think you hit the nail on the head! Thanks for commenting and have a great day!
get this man some grocery money!
The only way to stop cryptos is for the money printers to start playing fair. which will never happen.
why the hell would they do that?
Great post as always...thank you for introduce Steemit to me :)
Hello Everyone.
I recently joined steemed by encouragement of the great Gregory.
I will be posting (at bare minimum) weekly positions of commodities (mostly silver and gold). Please follow and upvote guys, lets take down the banks globalists together.
I will of course follow back.
Cheers guys and thank you for showing me steemit.
Link to my first ever post!
https://steemit.com/trading/@flemming/silver-and-gold-weekly-outlook
Congratulations @dollarvigilante!
Your post was mentioned in my hit parade in the following category:
They're just jealous that bitcoin has real, objective value because of what it can do, and their currency has none, only backed by authority that can be withdrawn. Let's ask the people in India if it's okay to have it made illegal to use certain notes. Saying bitcoin has no value doesn't make it so, but you know this. It just vastly amuses me that these pretend authorities think they can dictate reality with mere words. Either Carl is ignorant of the inherent value of bitcoin, or he is a liar. I would have to speak to him to be sure which.
Just as were seeing censorship on YouTube, "advertisers pulling out there money of the YouTube community". I believe that we will also see banks do something similar, such as large banks stop doing business with businesses that accept cryptocurrencies.. and the problem at the heart of this all, is that the government will only collect tax revenues in fiat currencies, thus controlling narrative through taxation.. Grat Post by the way, Huge Fan Jeff!!
Yeah, I just made a post yesterday where I theorize that this hacker attack Ransomeware that just hit WannaCry virus was an attempt to smear Cryptocurrencies. https://steemit.com/crypto-news/@invisionary/worst-ever-recorded-ransomware-attack-nsa-attack-on-bitcoin
I agree. The architects of this corruption will fight hard to maintain power. Nothing that transpires will surprise me. The banks and government (same) already openly live by their own rules. Above the law.
Bitcoin has bankers and governments spooked. Get ready for the backlash. They are desperate to keep the plebes on the plantation. The timing and profile of the current ransomware attacks, and their demands for payment in bitcoin are curious. Maybe someone's trying to cast bitcoin as a tool for cyber-terror that needs to be reined in?
But he's from the government. Shouldn't I trust what he says. He has my best interest at heart.
Yes!Have some of these Federal Reserve notes and fluoridated water as a reward!
Don't forget GMO foods....
Great Post!! @dollarvigilante These bankers are starting to drink their own kool aid. They think we are all stupid little sheepoles.
It's how propaganda works,if you repeat a lie enough times you start believing in it
Yup
if you repeat a lie enough times you start believing in it
if you repeat a lie enough times you start believing in it
if you repeat a lie enough times you start believing in it
if you repeat a lie enough times you start believing in it
if you repeat a lie enough times you start believing in it
I believe you now
Keep up the great work, it is really an inspiration to people that are awake at the steering wheel !
Cryptocurrency cannot be stopped.
I really want to see the crash of the center bank soon!
I feel sorry for the people who actually listen to these ass hole bankers, keeps them from getting in early and saving their skin.
Listen closely to what Dave is saying here (@20:30) about the recent cyber attacks and the use of Bitcion for the ransom.
Catchy headline! :D
Hard not to feel a little jaunty when you're holding an appreciating currency for a change. Bucky Fuller must be smiling from the Heavens, as broad as the Milky Way.
Great article-- if the banks are scared of Bitcoin, then we're on the right track.
Jeff, it's good to see you're enjoying Wienerschnitzel. When you get a chance, can you issue my refund from TDV Immigration? I feel defrauded. Here's my story: https://steemit.com/jeff/@rich-meister/jeff-berwick-and-tdv-immigration-passport-scam-my-story
Love your work Jeff I have been following you for years, Im just getting into crypto currencies getting my head around it all. Im still an old school type of guy that believes in Gold and especially silver. However you have proven that crypto currencies are another source of financial freedom from the BANKSTERS. Here in Australia we have it pretty good and people in general are oblivious to what is really happening in the world.
I find myself giving up on most people as they do not appreciate what Im trying to tell them its a simple case of a saying we have here "she'll be right mate" attitude. All I can do is prepare for my family and myself. Keep up the good work I look forward to more of your post here on STEEMIT, cheers
Nice article,Jeff!
Btw you said in an earlier video that Trump was chosen by the Jesuits...so does that mean Trump supporters like Alex Jones might have connections to the Jesuits?
great work! love you're humorous tinge with you're content haha! awsome stuff.
Great article. Let the bankers beware that some are on to them! Haha
I have similar feelings towards people who try to sell me the "blockchain, not Bitcoin" line.
Private blockchains are no better than fiat.
Central banks are against it? That means it is probably a good thing and more people need to be in it.
Seriously, if these bankers wanted to combat Bitcoin they would come out and embrace it. They are too ignorant to realize that is the only way to really cause any trouble for the cryptocurrency, and even then at a very minimal level.
Shared your pic there about @Bitcoin on @Facebook. Really gives perspective on the history of the value and relates so well as many people I see on FB share the $20 bought this in this year and this year, meme.
Thanks for sharing that.
Central banks don't like Bitcoin? Seems like a good indication that they are starting to become concerned that Bitcoin might make them obsolete somewhere down the road. As I recall, old fashioned typesetters didn't like computers, either...
Even though my crypto holdings are quite small, practically negligible, I really like them, and think they can make a person freer.Now I have a question, do you really think that the altcoin market or niche or whatever can escape from the control of central government planning or from the banking sustem? I mean all over the world not just big countries, because I personally think this alt coin movement could be real good at giving people in really poor countries access to a better life. But I do think there are many serious people who don't want this.
German central banker warns against Bitcoin, but Communist China central bank is much more supportive?
....Bitcoin use by "unidentified actors?" Maybe I'm alone here, but it sure does seem to be all about 'identifying oneself' these days. Whether it's by political, social, or economic... how is a static identification in a constantly changing existence not insanity? Sitting targets are easier to shoot down, no?
I've heard stories about Chase closing accounts that buy or sell Bitcoin. This was about 2 years ago, so maybe it has changed now. I think the banks are afraid their gig is up... no more fees for them
You're assuming it's gonna keep going up. That's a false assumption. They have already issued paper contracts and are planning on manipulating the price of bitcoin through paper contracts just like gold and silver. Even if it goes up, it's not gonna be the same percentage of $3 to $1800. Whatever goes up must come down and that includes Bitcoin.
Central banks are getting scare ....💨
thank you for your post
Always so eloquent love the work from TDV
Love this type of approach.
LOL Germany's the worst. You'd think they'd learn from hundreds of years of centrally planning everything into oblivion but of course they don't.
Though one theory is that they most definitely know what they're doing and they're just incredibly sinister which I wouldn't doubt personally. Debt is a great path to servitude for these globalist tools.
This as they just repatriated their gold from the Fed. Big power shift happening folks.
EUR inflation - we loose every day :(
"German Central Bank Warns Not To Use Bitcoin As It Is Not Backed By A Central Bank" - good joke)
The analogy with the rapist - so true. Although I'm rather new to crypto and haven't made up my mind about how the real value of a cryptocurrency might be measured- it sure does perform better at the moment than fiat.
Im wondering, did this ransomware thing have anything to do with the price increase in bitcoin? Things are really heating up and are the banks getting sacred?
In bitcoin we trust!
I will be posting trading analasys with pick ATLEAST weekly.
Please follow me and i will follow back, if youre interested.
Thansk guys
From Denmark
The earliest adopters of steemit are anarchists and conspiracy theorists.
I'm home.
No kidding mate. And dont forget the discordians too.
As someone who isn't an anarchist or conspiracy theorist, I feel out of place
Unfortenately the Bundesbank was in former days against money printing from the central banks. That because the Germans had hyperinflation in 1922-1923. So the were in the central banking world one of the most consertive. But Now, that's all gone. In the governance board of the ECB (European Central Bank) are only pro-money printing to "solve" the problems.
I am not sure if I can buy a Ferrari with 1 BTC in 3 years.....
"not backed by a central bank" - hahaha, what a joke! -
and the bundesbank is not backed by the central bank.
the whole thing is a (very bad) joke...
Dear Jeff. Please could you keep the sarcasm down. Poor old carl-ludwig, he is having a bugger of a time of it. As the man who is responsible for the Cash Department and the Payments and Settlement Systems Department of bundesbank, he has a very hard time juggling the €650Bn exposure the bank has to other European Rothschild-owned central banks under the target2 payments debacle.
So when he says that the fully liquid, backed by proof-of-work, multi-verified, zero-debt, fraudproof, secure and growing in value daily, monthly and yearly bitcoin isnt as good a bet as your super-brilliant, backed by sweet-fuck-all, value-dropping, debt-ridden, junk bond issued by corrupt european central bankers (who are personally and directly responsible for causing war, poverty and economic stagnation across Europe), you had better listen up Berwick! This man has a LAWWWWW degree. He has been at the centre of impoverishing nations through the ECB for decades. What have you done eh? Made yourself, and loads of other people rich through encouraging them to take responsibility of their own financial futures... Promoted not bombing brown skinned people and raping their ancient and cultural lands for oil, minerals and other resources. You utter cad. Have you any idea how hard it is to create the NWO one-world-fasco-communist state with this bloody bitcoin (and public blockchain in general). We must REGULATE IT OUT OF EXISTENCE. Oh shit. We cant. Quick, turn on the TV....swallow of those blue pills the doc gave you. Ah thats better. All is ok now.....
What a difference from Japan who made an Official Bill accepting bitcoin in April . Its a new division if economic freedom that this EU jurgenot wont adopt until its too late.
The wild dogs won't give up without a fight. Thanks for introducing me to Steemit, Jeff!
Very true. Great post.