Skip to main content

When do Financial Bubbles Burst and the Intersection with Bitcoin and Mortgages?


Bubbles only burst when the people on the whole suddenly realise the asset is not worth anything. Or is worth significantly less. These systemic events are always triggered by a proximate cause. The bursting of a financial bubble is psychological and not determined by markets as is commonly accepted. That is to say, it will be an 'objective fact of the collective psyche' which causes a financial bubble to burst. Market forces might contribute but they are relatively insignificant and without the more powerful group psychology driving the crash, the bubble would sustain itself anyway.

Bitcoin Core (BTC) which Mr. Fred Harrison refers to is similar to an unregistered security you often see in global finance. A semi legalised scam. Quasi-supported by the regulators.

But BTC is not the original Bitcoin of 2009. It's software developers, backed by the payments industry(global finance) and Big Tech, changed the fundamental protocol to turn it from a peer to peer ecash system - something that would be an enormous boon for the world, into digital gold. And removed the key security mechanism. Making it useful for money laundering...by global finance.

Topping this off, it's price is being pumped, fully, by Tether, which keeps printing new tokens for free without full backing, that are then sold to public mug  gamblers and used to buy more BTC. Pumping the price. Sadly this means these poor mugged gamblers are buying the tokens while the wealthy HODL'ers sit and smoke cigars. It's an age old system. 

So Bitcoin has been centralised much like the dollar because it's very nature is determined by those in control of it centrally. These are the software developers of the mining node client, the program which runs a mining node as a $100 million data centre. These developers insert the new rules as and when. Miners are 'bound' to use whatever new updates the developers create for who knows what purpose. They are bound because to resist effectively means that will 'fork' the network and risk their hundred million dollar investment. So the notion that BTC is decentralised and censorship resistant is hilarious. But that's gamblers for you. Gambling with their family estate. To feed their Masters, the state which is fully in control of a centralised bitcoin correctly termed BTC.

So even if the state and private sector are not backing up it's Ponzi nature, as soon as people realise the asset has no real value, it will head immediately toward zero. The ignorance could go on for a long time. But you cannot eat today what is harvested tomorrow. Not in this universe. Those gambling with the family estate have been doing well lately though. But when will the collective psyche ... turn?

Our business deals with those who have lost their small lifetime fortune through hacking and foolish management. By going to a court to prove identity of ownership of BTC and asking a judge to order miners to reassign it. But it's costly and requires at least a million in losses to proceed. But it can be done. And Core developers and their paymasters are religiously and furiously against this restitution yet have not offered a reason for that objection yet. Curious 

BTC, or what is incorrectly called Bitcoin, is very likely to crash when banks are once again screaming for capital toward the end of 2026 as Mr. Harrison forecasts.  It may even be the trigger for this next Great Recession. And they will not be recaptulising themselves with another Ponzi asset. They will be looking for assets which have real exchange value in a free marketplace.


Labels:

Popular Posts

A Dialogue on the UK's Accession to the United States (UKEXIT)

A Dialogue on the UK's Accession to the United States Executive Summary This initiative seeks to foster a formal dialogue regarding the potential accession of the countries of the United Kingdom , to the United States , as individual states.  Being English the main focus is for the country of England to accede. The original intent was to ask the government to lead on it through a petition leading to the question coming before the House of Commons. This was crushed out of hand by the committee leading petitions, which was not a surprise.  Simply put, this petition is asking the government to start a conversation about the benefits of leaving the UK and joining the United States. Let us call the initiative UKEXIT (yukezit) The objective is to evaluate the benefits to citizens and stakeholders, encouraging a constructive discourse on the political, economic, and social implications of such a union. If Wales , Northern Ireland , Scotland , or  England were to leave the Unit...
Read more

The 450 Volt Truth: From Orwell to Obedience

A Complete Thread on Dystopia, Milgram, and Breaking the Agentic State - Why People Act Irrationally and Often Violently When a Tribal Social Structure and Its Hierarchy Are Brought Under Serious Scrutiny This is a tricky topic. Please read the Obedience Glossary of Terms before proceeding Executive Summary This piece was written from a long conversation with Grok. I had to interrogate the AI quite a bit. And was astonished at how it produced such intelligence. I've included the most pertinent parts. Do not be fooled into thinking this is just another Orwell analysis. That is just setting the scene well. For what comes later on the agentic state and how power uses it to control the masses.  It may not have all the answers. It might wrong. A lot of it is very hard to believe is happening. But it still seems to fit the bizarre world of system wide dissonance we all live and partake in today, better than all the alternatives. So deserves your continued attention. By all means make yo...
Read more

Government & Tax Death Toll

I'm going to show you how government and taxation causes more excess death than any other factor, even global wars and pandemics. It is and always has been the biggest genocide of all. And its deliberate. Government doesn’t just fail to save lives — it takes them, at scale.  2–6 million globally 200K–400K in the U.S. 50K–80K in the UK Every year. Every tax. Every regulation. Cumulatively since 1970 government and tax killed between 160 and 300 million people across the globe  More than all 20th century wars and genocides combined (260M) In the U.S. ten times more than all U.S. combat deaths in history (10 * 1.2M) In the UK equivalent to 1 in 15 of all deaths And the nations with more regulations and a higher tax to GDP ratio such as the UK and US, tend to kill more of their own citizens per capita. The poorest nations have a better record than the richest. All this excess death is rooted in the institutions of taxation - the theft of private property, by force, against your fr...
Read more