Joined: 03 Jun 2005
|Posted: Thu Jun 08, 2017 10:26 am Post subject: FROM BITCOIN TO CLIMATE CHANGE ARE THEY COMPLETE BULLSHIT
|From Bitcoin to climate change: The top 10 things you probably believe that are complete bulls##t
By: Mike Adams
Date: June 06, 2017
in: Health Ranger
Public discourse in our twisted, collapsing society has now devolved to the point where most of what the general public believes is complete bulls##t. The aim of this article, of course is to point out a few of the most impressive bulls##t piles currently occupying the minds of the delusional masses. The “you” in the title of this post doesn’t refer to you personally, of course, as anyone who reads this site regularly has already pulled back the curtain on most of this bulls##t and sees things for what they really are.
But you’d be amazed how many “awakened” people still believe certain things that are total bulls##t. As you read through this list, ask yourself: How many of these examples of total bulls##t do you still think are true?
Top 10 things you probably believe that are complete bulls##t
#1) Bitcoin is a magical source of endless wealth creation that isn’t subject to the laws of economics
You’d be amazed to learn how many liberty-minded people who have long warned about the coming global debt collapse (and the failures of fiat currencies) have now convinced each other that Bitcoin is a magical source of endless wealth that creates money from nothing. The logic doesn’t pan out, of course: Bitcoin has now become a modern-day tulip bulb mania that only seems different because it involves a lot of technology. But it’s still a tulip bulb mania scenario, and it will still crash and burn when people eventually come to their senses. Read more about the Bitcoin end game at this link.
#2) Organic foods are automatically clean foods
All kinds of people who buy organic foods mistakenly think that USDA certified organic means foods are tested for heavy metals and pesticides. That’s flatly false, and in truth, nearly all the most contaminated foods we’ve tested in my heavy metals analysis laboratory have been certified organic (from China, where “organic” is a total joke). For the record, “organic” products to tend to be far cleaner in terms of avoiding synthetic pesticides and herbicides, but there isn’t any end product testing required by the USDA, so there’s undoubtedly a lot of fraud in the organic industry. (Best answer? Grow as much of your own food as you can. Buy organic but don’t always trust it 100%, especially if it’s from China.)
#3) The future will always be better than the present (irrational optimism)
Scientific studies have found that the brains of human beings are hard-wired for “irrational optimism.” Human brains are eternally optimistic as a survival mechanism that generates “hope” where none is warranted. The downside to this cognitive distortion is that few humans are able to look at the world rationally, especially when the future looks worse than the present. That’s why there’s so much “normalcy bias” in the world, where the masses believe nothing catastrophic can ever happen to society because they’ve never experienced such chaotic events in their (short) lifetimes. Remember: In the minds of most people, “history” began the day they were born, and the world they know could never suddenly change because it’s never happened to them before.
#4) “Science” is run by intelligent, objective, high-integrity individuals who never lie
Propagandists of all kinds (Monsanto, vaccine pushers, climate change cultists, etc.) proudly proclaim to have a monopoly over “science,” and they wield the label as a cognitive weapon to shout down skepticism or dissent. Yet the realm of “science” isn’t nearly as credible or honest as you might think. In fact, many science journals have become total jokes that will publish any junk science drivel imaginable. Academic science has devolved into little more than a grant money circle jerk where scientists produce whatever results get them more government money. And corporate-run “science” is incessantly corrupted by dishonest corporate interests. Even government “science” organizations like the EPA have lost all credibility with real scientists, because they are no longer engaged in any real science at all: They’re just propaganda arms of the bureaucracy that wield “science” to brow beat opponents who disagree with their ludicrous narratives rooted in junk science.
#5) Climate change will destroy the planet and we must eliminate carbon dioxide to save it
Speaking of bad science, the indoctrinated masses of obedient humans have all been convinced that carbon dioxide is a horrible pollutant that must be eradicated from the planet in order to save it. Yet CO2 is the single most important molecule in the atmosphere for plant respiration and cellular energy. Without it, all plants would die… including all forests, jungles, food crops and medicinal herbs. Yet somehow CO2 continues to be named “the enemy” by anti-science morons like Al Gore who recently said that global warming has caused ocean levels to rise so high that “fish are swimming in the streets in Miami.”
The stupidity of this man is almost incomprehensible. The flooding of ocean water onto land is actually called “tides” and it’s influenced by the gravity of the moon. Yet Al Gore thinks the planet is drowning every time the tide rolls in… WOW.
#6) You live in a free country that respects your rights
If you think you live in a “free” country, you’re living in denial of reality. Get the book “Battleground America” by John W. Whitehead, who also writes for the Rutherford Institute. Whitehead posts frequent articles that explain why you are actually little more than a “tax farm slave” living under a totalitarian regime that exploits your labor and ideas while making sure you can never really “own” anything that isn’t eventually confiscated by the State. If you really lived in a free country, then you wouldn’t have to keep paying land rent (i.e. “property taxes”) to the government under threat of gunpoint arrest and the confiscation of your land by the state. Have you ever wondered why no government allows you to own land free and clear?
#7) The drug companies are trying to cure disease and improve your quality of life
Like all other corporations, drug companies have just one purpose: To maximize revenues through repeat business. This means, by definition, drug companies never want customers to be cured of anything. Instead, they want every citizen to “manage symptoms” with patented chemicals that adjust biomarkers but never really prevent or cure anything. The whole drug cartel scam is rooted in the idea that if you are cured, they lose a customer. That’s why Big Pharma’s dangerous pharmaceuticals almost always cause other health problems that require yet more drugs for “treatment.” The whole thing is a massive medical scam that’s an insult to real science.
#8) The views you see on cable news and Hollywood sitcoms are representative of the entire country
If you watch the delusional Left-wing media, they make it seems like everyone in America is a Trump-hating liberal who despises the Founding Fathers and hates guns. In reality, nearly all TV programming — news, sitcoms, movies, etc. — comes from just two radical Left-wing cities: Los Angeles and New York City. The people in these cities live in extremist Left-wing “thought bubbles” that are entirely disconnected from the real world. Their goal is to try to convince you that you’re totally alone if you believe in the Bill of Rights, the Second Amendment or in honoring the legitimate outcomes of elections. In truth, most of America agrees with you, but they’re all too busy working real jobs to produce crappy sitcoms and Netflix programming. LA and NYC don’t represent America; they represent fringe extremism of the delusional Left.
#9) Your pension fund is financially solvent and will pay you exactly what you’ve been promised
Nearly every pension fund in America is vastly under-funded, and most will go bankrupt in the next two decades. Government-run pensions are in the worst shape, but even private industry pensions are also in trouble. Why are pensions in trouble? Because pension managers all made ridiculously stupid projections that assumed “fantasy” returns on investment (ROI) on stocks, bonds, real estate and other investments. Yet stocks, bonds and real estate are all suffering from irrational bubbles that are about to burst, and when they do, many pension funds will lose 50% (or more) of their assets. Watch for sharp reductions in pension payouts and restrictions on early withdrawal… and don’t even get me started talking about Social Security.
#10) The stock market will go up forever and NOW is always a good time to buy in
Speaking of irrational stock market expectations, as we now sit in an insanely overvalued market, the irrational optimism of the financial media is more brazen than ever. According to the talking heads on the news programs, right NOW is the greatest time ever to keep buying more stock shares, regardless of P/E rations, dividend payouts or the complete lack of revenues for many of these companies. Tech companies in particular are so absurdly overvalued that they stand ready to catastrophically crater in the near future. Companies like Google, Amazon, Twitter, Facebook, Uber, Apple and Snap are wildly overvalued, and some of them (Twitter, Uber, Snap) have almost never earned a dime of profit in their entire existence. (Google and Amazon at least have solid revenue models, so they will fare much better than the others…)
A few noteworthy mentions of “bonus bulls##t”
The government isn’t spying on your phone calls
Your doctor knows everything about health and has your best interests in mind
The WTC 7 building fell down because small office fires collapse concrete-and-steel buildings
Giving up your gun rights will make society safer for everyone
McDonald’s has removed all antibiotics from its chicken products (nope, it hasn’t)
Grocery store coupons save you money (if you’re buying that crap, you’re wasting money in the first place)
The TSA exists to stop terrorists and keep you safe
MMR vaccines prevent measles, mumps and rubella
There’s no such thing as “radical Islamic terrorism”
Food can’t cure cancer
Homeopathy doesn’t work for anything
Chemotherapy prevents cancer
Mark Zuckerberg is a nice person who cares about humanity
Google isn’t evil
So that’s the list of the top 10 things you probably believe that are complete bulls##t (plus a few bonus bulls##t items). Whether you recognize them as total bulls##t, however, is another matter altogether. Those whose bulls##t detectors are functioning the best will find themselves far better off as global chaos unfolds in the very near future.
Unless, of course, you think everything I’ve written here is complete bulls##t, in which case you can always turn on MSNBC and watch Rachel Maddow to download the daily indoctrination program that nullifies critical thinking and logic, making your brain “bulls##t compatible” for life.
In the UK it is the BBC that gives us the daily propaganda indoctrination of lies and more lies -------the BBC should be shut down
Bitcoin “end game” a mathematical certainty even as Japanese and Korean noobs convince kindergarten teachers they’ve stumbled upon a magical source of endless wealth
Monday, June 05, 2017 by: Mike Adams
Tags: bitcoin, blockchain, Japanese, Korean, mania, speculation
Image: Bitcoin “end game” a mathematical certainty even as Japanese and Korean noobs convince kindergarten teachers they’ve stumbled upon a magical source of endless wealth
(Natural News) A quick mathematical analysis of Bitcoin and the world of crypto-currencies: After plunging nearly 30% last week in a severe correction, Bitcoin has since surged back to the $2800 range, this time riding a wave of optimism from Bitcoin noobs in Japan and South Korea who have become irrationally convinced that Bitcoin is a replacement for their retirement savings (see Reuters report, below). Now, even kindergarten teachers are throwing money at Bitcoin, believing they’ve discovered a magical source of unlimited wealth (yep, they really believe it’s all different this time).
Little do they know they are going to lose nearly everything when the Bitcoin end game rears its ugly head, as has already been mathematically programmed into the system. How’s that, exactly?
For starters, due to increased volume, Bitcoin transactional costs have now skyrocketed from roughly $16 per transaction to $23.30 per transaction in just the past week or so, according to Blockchain.info. This is a transactional cost increase of over 30% in just a few days, and it demonstrates the stress of the increasing volume of transactions on the distributed blockchain ledger. It is yet more mathematical evidence that selling Bitcoin and exiting the market in a time of high trading volume will be increasingly expensive and difficult, with long delays on transactions that could require days or even weeks to be confirmed.
Bitcoin mining will collapse in the next few years, and the blockchain will follow
Bitcoin will approach its “end game” in the next decade when all Bitcoin mining permanently ceases due to the mathematical limit of 21 million Bitcoins in circulation. (The mining algorithm allows no more than 21 million coins to exist.) In the last 24 hours, 1,850 Bitcoins were successfully mined. This is equivalent to approximately 675,000 Bitcoins in a year, accounting for parallel increases in computational difficulty and enhancements in ASIC mining rigs that carry out hashing calculations more efficiently.
As Bitcoins are limited to a grand total of 21 million Bitcoins, and given that nearly 16.4 million Bitcoins are already mined, this means that if the current mining computational infrastructure keeps pace with the increasing mathematical difficulty for achieving Bitcoin rewards, all Bitcoins will be mined out in about seven years (by roughly 2024). (There are difficulty adjustments in the Bitcoin algorithm, so it might take longer, but Bitcoin mining is approaching an end point in the very near future.)
Once Bitcoin’s block mining rewards are no longer available, mining operations will subsist entirely on transaction fees, which currently represent just 19.34% of the earned miner revenue for Bitcoin mining operations. In other words, rewards will collapse by 80% for Bitcoin miners, making nearly all mining operations unprofitable. This, in turn, will lead to a rapid loss of mining capacity, subjecting the blockchain to an ever-increasing barrage of 51% attacks which will fork the blockchain ledger and obliterate the integrity of the blockchain. (Note: If you don’t know what terms like “hashing” and “51% attacks” and “blockchain” really mean, you have no business owning Bitcoin.)
Once this happens, the blockchain and mining infrastructure self-destructs, and everybody heads for the exits in search of the next “big thing,” causing Bitcoin prices to plunge toward zero.
Or, alternatively, the Bitcoin community decides to change the rules of Bitcoin and open it up to unlimited mining (erasing the 21 million coin limit), effectively engaging in “quantitative easing” policy fraud just like the Central Banks, instantly obliterating any trust in the scarcity of Bitcoins and devaluing all the Bitcoin already in existence. In essence, raising the Bitcoin mining limit would be the massive theft of Bitcoin value from those who already own Bitcoin. A “virtual heist,” in effect.
Either way, Bitcoin comes to a catastrophic end. This is mathematically engineered into the system.
Kindergarten teachers in Japan now convinced that Bitcoin is a magical, rainbow-powered unicorn for earning money without effort
Of course, noob Bitcoin speculators in Japan and Korea don’t understand any of this, so they don’t comprehend the risk they are undertaking when they trade in their retirement funds for virtual currencies. “…[B]itcoin is going mainstream in Asia, attracting Mrs Watanabe – the metaphorical Japanese housewife investor – South Korean retirees and thousands of others trying to escape rock-bottom savings rates by investing in the cryptocurrency,” reports Reuters. “Asia’s moms and pops, already regular investors in stock and futures markets, have been dazzled by bitcoin’s 100 percent surge so far this year.”
Reuters covers the Bitcoin mania as follows:
“After I first heard about the bitcoin scheme, I was so excited I couldn’t sleep. It’s like buying a dream,” said Mutsuko Higo, a 55-year-old Japanese social insurance and labor consultant who bought around 200,000 yen ($1800) worth of bitcoin in March to supplement her retirement savings.
“Everyone says we can’t rely on Japanese pensions anymore,” she said. “This worries me, so I started bitcoins.”
“Right now, it’s a form of speculation, like stocks,” said Park Hyo-jin, a 27-year-old South Korean who owns around 3 million won ($2,700) of bitcoin. “I don’t think anybody in South Korea buys bitcoin to use it.”
Rachel Poole, a Hong Kong-based kindergarten teacher, said she read about bitcoin in the press, and bought five bitcoins in March for around HK$40,000 ($5,100) after studying blogs on the topic. She kept four as an investment and has made HK$12,000 tax-free trading the fifth after classes.
“I wish I’d done it earlier,” she said.
Yep, kindergarten teachers are now buying Bitcoins and thinking they should have bought in earlier. If this isn’t a sure sign of a “mania” bubble in the process of heading toward a catastrophic collapse, then nothing is. The Bitcoin mania has even spawned multi-level marketing “pyramid” schemes across Asia, where Bitcoins are the “reward” for recruiting others to blindly buy into the system:
The bitcoin frenzy has spawned scams, with police in South Korea last month uncovering a $55 million cryptocurrency pyramid scheme that sucked in thousands of homemakers, workers and self-employed businessmen seduced by slick marketing and promises of wealth.
Seminars in Tokyo, Seoul and Hong Kong promote similar multi-level marketing schemes that require investors to pay an upfront membership fee of as much as $9,000. Members are encouraged to promote the cryptocurrency and bring in new members in return for some bitcoins and other benefits.
The funny thing about all Ponzi schemes, however, is that they all end in catastrophe. It’s just a matter of how many fools can be suckered into the scheme before it reaches a point of unsustainable irrational exhuberance, after which the collapse is almost instantaneous.
I hope I don’t have to be the one to tell Mrs. Watanabe that she’s going to lose everything when Bitcoin mania comes to its inevitable end. When the vast majority of new suckers entering the Ponzi scheme are total noobs, you know the mania bubble is approaching its inevitable collapse.
Bottom line? Don’t get caught holding Bitcoins when the music stops.
On the other hand there is going to be a crash in the financial markets soon as derivitives, bonds and other other over valued stock , including housing , fall through the floor----------answer----actual silver and gold