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Wednesday, 7 February 2018

Global Banking Kingpin in Cryptocurrency FUD-spreading Shocker

The head of the Bank for International Settlements (BIS), has today called on central banks to crack down on cryptocurrency. But it almost definitely has nothing to do with the fact that they stand to make his job obsolete. Honest.
Agustin Carstens described Bitcoin as “a combination of a bubble, a Ponzi scheme, and an environmental disaster.”
Pot, kettle, much?
Are You Really Going There?
We might as well get it out of the way first. I have honestly never seen a man as fitting of that description as he is. A combination of a bubble, a Ponzi scheme, and an environmental disaster. It must take the resources of several hectares of land just to clothe and feed the guy.
And before you say, “well he looks more like an inverted pyramid, so that isn’t a Ponzi scheme”… That’s exactly what the people at Global Intergold say, and trust me, an inverted pyramid is still a pyramid. If it requires fresh blood to pay dividends to earlier investors and make the operator rich, then I shouldn’t have to tell you to steer well clear.
Bitcoin Doesn’t Need …

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