For the last 6 months, almost every government on the planet, except
El Salvador which has made Bitcoin [BTC] “legal tender” for the country
[very wise move!], has thrown the “kitchen sink” at crypto and specifically BTC,
and tried to destroy it as an asset class … led by the ChiComs, and I wouldn’t
be surprised with some “nod nod, wink winks” through back channels, from
“Taliban Joe” & crew, ECB, SNB, BOE, & “Peter Pan” Kuroda at the BOJ lending
support for the idea, AND THEY ALL HAVE UTTERLY FAILED! … “oh, only money
launderers use it … oh wait, it’s used for tax evasion … oh wait, criminal gangs
use to facilitate flows of illegal cash” … and on & on, ad infinitum nauseum, they
go doing everything they can to propagandize BTC … and of course, we ALL
KNOW THE TRUTH! … whatever it is you’re accusing, THAT’S WHAT YOU’RE
GUILTY OF YOURSELVES! … cuz as everybody with one functioning brain cell
knows [well, that excludes Libtards], governments hate crypto cuz it takes
control of money away from corrupt POLS, Apparatchiks, & regulators … can’t
control it, can’t effectively tax it, can’t effectively regulate it or those who use it,
and it frees people from the “Corruptocrats”! … wanna outlaw it? … sure, GO
AHEAD! … and then go ask India, Nigeria, and the ChiComs how that’s worked
out while their populations pore into crypto like never before!
And then last week, the thoroughly corrupt and largely useless SEC said it has
no objections to BTC ETF’s … ballgame over BTC & crypto haters … if there ever
was a “White Flag” of surrender, this was it ... and now that they’ve swallowed
defeat, government types will build a complete cottage industry around crypto
regulation to grow government, pretending like they know what they’re doing
… in the end, it will be as worthless & useless as all the other alphabet soup
agencies of government … why? … cuz money moves at the speed of light, and
government operates using “Pony Express” … and like everything else
“financial” in the “U.S. of China”, give it 5 years and there won’t be 3 people
who either trade or invest in crypto that’s in the U.S. … “quite frankly, you either
want to be ignorant & stupid, don’t care what the endgame is for people’s wealth
in the U.S., or are sitting there while the world passes you by … and to be sure,
government loves these people … watch an old Goebbels propaganda clip
… that’s YOU in the crowd gobbling up the bullshit from government”!
Meanwhile, in the land of manipulation it’s biz as usual … the “Comex Con
Game” working perfectly … in FX, a little pressure being [higher VIX] applied cuz
institutional money flows are too large for central banks to fade, a cheaper Yen
leading the charge … and in “Stock Bellies”, the name of the game is to crush VIX,
with all of this “blah blah, yada yada” talk of “tapering” of a measly 15 Billion per
month from 120 Billion down to 105 Billion simply hilarious in the scheme of
fighting inflation [which the FED caused], and a rate hike in 2022 … in the end,
they’ll find a reason, OR MAKE ONE UP VIA A FALSE FLAG CRISIS THEY INVENT,
to either stop the tapering or any rate increases … count on it!
Directly below the week’s 20 Day Range MA’s for selected markets.
I want to reiterate again, the significance of the new spread levels at Turnkey, IF
THEY HOLD, in the DAX40 and XAUUSD [spot gold] … so far so good, and with
the VIX in these markets it makes them prime candidates for scalping, as ar as
traditional markets go … let’s face facts here … nothing is as good or comes even
close to BTC as a tradeable market … there’s BTC and then multiple levels down
there’s everything else … yes, it is a shame no proprietary or MT4 / MT5 platform
can compete with the “open order book” platforms in crypto in general or BTC
specifically … and the reason they can’t compete in crypto is the refusal of the
HFT LP’s to make honest & fair markets … their motto is, “if we can’t steal money,
what’s the point of being here”!, and I don’t see any hints they’re ready to be
competitive in the crypto space anytime soon … if you’re dumb enough to trade it,
they’ll be there to help you be stupid and take your money!
Onto the week … outta here … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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