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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.


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