Bitcoin is a New World Order scam designed to trick liberty-loving types into moving their money out of physical assets and into a system that appeals to their anti-bank, anti-government instincts – but they are being conned by the powers that be, according to an international fraud expert who warns the cryptocurrency will soon be worthless.
Jeffrey Robinson made a name for himself investigating fraud on the grandest scales —his books on international money laundering and the pharmaceutical industry pulled back the curtain on the nefarious behavior of Wall Street and Big Pharma.
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Now he has turned his attention to Bitcoin.
While the crypto-currency is promoted as anti-elite and a rare opportunity for the little guy to create some real wealth, Robinson says the Bitcoin scam is actually being peddled by the elite to pull the people away from real money and real wealth.
It’s also their way to introduce the idea of a one-world digital currency to the people.
Unlike the schemes of criminal banksters, Bitcoin—the technology and the currency—wasn’t conceived as a malicious scam. But Robinson says that is what it has developed into, with the powers that be pulling strings from behind the curtains, and they will soon trick both innocents and Bitcoin’s ideological backers out of millions.
The fact is that the the powers that be are using this system to enrich themselves in the short term, while also ensnaring would-be revolutionaries, getting them all lined up in the exact same spot for the inevitable digital slaughter that will come, weakening their ability to fight back.
Remember when the internet was seen as a revolutionary, libertarian tool that would free the people from government overreach? The internet has now become the main weapon of governments in controlling and spying on the people. Robinson says Bitcoin has undergone the same journey.
Speaking to Fortune, Robinson described the internet problems with the Bitcoin scam, and explained why a huge crash is inevitable.
Your career has been spent writing about various frauds and cons. If Bitcoin is a con, who is the con man?
“It’s a con in that it’s not a real currency, but let me back up. There are actually two bitcoins. There’s the blockchain-technology bitcoin, which I think is fantastic, and the future, and all sorts of businesses are investing tens or hundreds of millions of dollars in Silicon Valley and around the world to build businesses on the back of the blockchain technology because it’s so wonderful and can move assets frictionlessly.
“But then there is this aspect of the pretend currency and the pretend commodity. Part of the con is in the pretend commodity, because this is a completely shallow, liquidless market. When you know that there’s, what, 13 million coins in circulation, and more than 50% of the them are owned and managed by about 950 people, you realize how shallow the market it is and how subject the market is to manipulation.
“It’s essentially a pump and dump scam. And then I see these snake oil salesmen like the Winklevoss twins get on TV and tell people that bitcoin is going to be worth $40,000 per coin. And nobody is challenging them, asking, “What are you smoking?” Bitcoin isn’t an investment, it’s a slot machine. Or, more accurately, a loaded roulette wheel.”
What will be the end game for bitcoin?
“Businesses will continue to experiment with the blockchain, proving that that innovation is separable from the bitcoin the currency. At the same time, there’s all these people out there who bought into bitcoin as a tinker toy, thinking they might make some money on it. Maybe they bought $100 when it was worth $10 bucks a coin, and now they’re sitting on a lot of ‘money.’
“Many of them will treat themselves to a vacation or a new computer with their bitcoins, and they don’t buy back in. There’s no evidence that people who spend down their wallets buy back in. Little by little it will just atrophy, because nobody is really using it. The big kids will get out, and the little guy sitting on one, two, or, sadly, many more bitcoins will lose it all.”
Baxter Dmitry
Email: baxter@thepeoplesvoice.tv
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blah blah blah
As if we didn’t know bit coin was a scam..have a look at the people getting involved in it… and there you have it.. I mean seriously you would have to be a total fu k wit to get involved in bitcoin,, is common sense now a thing of the past?…. Stupid is as stupid does
Exactly, the typical NWO financial institutions involved should be HUGE clue.
I can tell by your name that you are trying to live up to that one liner. You know what he doesn’t talk about? He doesn’t talk about the fact that bankers have been touting the “blockchain” for the last 3 years. They have not succeeded in creating their reality because they represent a finite minority in the space. They have “money” but that is all they have. They can hire coders, but they can’t make the public use their products. All they can do is use this tech to dis-intermediate themselves from their current dependencies, but they are trying to make a place for themselves in a process that was designed specifically NOT to need 3rd parties. Try reading the Satoshi Nakamoto White Paper. You’ll find out really quickly that it is not a “scam”, and that it was “designed by little people for little people”, and that only in the last 3-4 years of it’s existence have the bankers been throwing BILLIONS of dollars into the space trying to take us back to a monetary paradigm where we have to “trust” them….
-Oz
When Bitcoin collapses, who keeps all the dollars that were used to buy them?
You buy them from other traders not from institution 🙂 its decentrelized and not on debt made currecny like fiat 🙂
Yeah, except it’s a PONZI SCHEME. Only the FIRST “traders” who CREATED the”bitcoin” being traded, are winners.
If it were a “ponzi-scheme” it would have a defined position at the top of the organization. Bitcoin belongs to everyone, and (despite the impressions of many people both inside, and outside of crypto) there is no hierarchy of any kind. Everyone on Earth can contribute to the code, sell things for Bitcoin, hold their own Bitcoin, and participate in mining new ones…..there is no center.
-Oz
Rothschildfukka and company……
Exactly my thoughts on Bitcoin right from the beginning. People are still so easily fooled. “Those who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge people into ruin and destruction.” 1 Timothy 6:9
bitcoin isn’t a get rich quick scheme buddy.
Yeah better to have usd which america prints many trillions a year 😉 you gotta read some more about cryptocurrencies before talking shit they are much better than fiat 🙂
Holy fuck you’re dumb
Jeff, you really need Jesus in your life. You can find him here. http://www.itshisstory.com
Fuck off
You do know that cryptocurrencies are the single fastest growing industry on planet Earth right now right? Bitcoin is not the only one. There are over 2000 of them LIVE right now! 99.9999% of them were started by people just like you and me, and after the fiat world drowns in it’s own debt obligations, we will be able to continue to buy stuff from other people…. Check the chart bro! If it’s a scam, you might just “get rich” off of it before it dies! …..Or you’ll just be where you are now… to SATs in your wallet, and with a bunch of regret…
-Oz
Thanks for the advice, but I trust physical gold and silver much more than any crypto’s.
There is no trust to be had. That is why cryptocurrencies don’t rely on it. We rely on confirmations, and verifyability. If you cannot verify, you must trust. As for gold and silver? If you are not holding it in your hand, you own paper, or digits on a ledger of “equal value” to a sheet of paper, or digits on a screen. In cryptos if you have the private keys, YOU own the monetary value they lock up.
-Oz
You also believe in a talking snake, so…
Jeffrey Robinson may be an expert about fraud in fiat currency, but’s it’s obvious he has no clue about cryptocurrencies. Blockchain technology is so new that an old fool wouldn’t be able to grasp it.
Interesting and sounds plausible
I have someone who sell 1Btc to 9376$
I bought 10 bitcoin at 10 dollars. Wow if it collapses i lose 100 dollars. How will i survive
Maybe you’ll be able to get by on the $250,000 you could get for them if you sold them right now?
-Oz
25,000
Maths was not my strongest suit. Fortunately logic, and reason are, otherwise I wouldn’t understand any of this shit.
-Oz
So what is the “real currency”? He does not describe that.
This is such a hilarious dogshit article, thank you Jeffrey Robinson, professional retard.
So if you invest in Apple, and made a 200%return at which time you sell. Is it a pump and dump scam because you don’t buy back Apple shares after you sell them?
No, because Apple actually creates value.
NWO has succeeded thru bitcoin and other cryptocurrencies in cutting my working hours down by half while doubling my income, paying my bills, buying me and my family nice holidays, plus the hefty donation we made to a local burns victim. The evil bastards
If he is a fraud expert you can be sure he’s on the pay roll of the NWO elites… Well don’t trust a study you haven’t manipulated your self…
I heard such kind of bullshit at 2011. So Dmitriy please do not pizdi you home made analytic)
Or is it the only fools are those who think “virtual” currency has any value recognized the US Treasury or Federal Reserve?
Interesting that you have to use real currency to buy “virtual” currency.
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