Comments by "craxd1" (@craxd1) on "Warren Buffett on bitcoin: Rat poison squared" video.

  1. This is what those on Wall Street always state when they lose control of the flow of money. Bitcoin bypasses the banking establishment (Bitcoin is decentralized). The banking establishment doesn't like that at all, as that takes away their power of producing money out of thin air, (credit from fractional reserve lending), and loaning it to the government, via interest-bearing bonds, where the treasury then prints fiat currency (paper currency, "bills," which are an IOU on the government's credit), in the amount of the bonds to be spent by the public. Bitcoin was created, many say, to put the screws to fractional reserve lending (banks loaning out money that they do not actually have). Fractional reserve lending is how the Rothschilds, Rockefellers, Morgan, Schiff, and others made their fortunes, by loaning money that they didn't actually have. Do you see the scam in this? Currently, the banks can loan out ten times more than what they have (their reserves). The control of the flow is what causes inflation or deflation, and by this, the banks control the government.
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