Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
estenity
on 24/05/2021, 02:33:57 UTC
... Basel III unleashes gold price after 30 years controlled by paper derivatives with 100-1 leverage

thanks for this info, it looks interesting (I was unaware of this somehow).

... check into this then, it's important. Geopolitical problems of 30+ years are coming to a head. The rise of Bitcoin has forced some hands to be sure ...

https://www.zerohedge.com/commodities/basel-iii-new-role-gold

Quote
... Like bitcoin or hate it, the latest rally was deeply embarrassing to everyone who’s been skimming the cream off society via the monopolistic monetary system. Their lies were laid bare for all of us to see.

It doesn’t surprise me at all that this week was the week chosen to do the hatchet job on crypto. It was also the week where the plumbing of the financial markets became so thoroughly clogged (see Whalen’s article above) that there was no choice but to demoralize the rubes who thought they would escape the Great Reset.

Everyone must be liquidated to make the world safe for German eugenicists and commies.

So, Basel III is coming to destroy the paper gold markets and destroy the money center banks in New York and London while setting the stage to bail out the euro-zone. Higher gold prices are the answer to all of these things. Think of it this way, in a world where debt assets are failing and new private forms of custodial assets are rising in mindshare, what’s the only real weapon the central banks have to maintain credibility?

Their gold reserves.

How do you, if you are the ECB, use that weapon simultaneously against your two main competitors, the commercial banking interests in New York and London and the nascent crypto anarchists? You deploy your gold and steal everyone’s thunder....

very important subject.
notably developing cryptos create doubts in ECB credibility with its perpetual increasing debts.
so basel 3 ruling introduction could solidify the basis of european banks in re-establishing thruth in gold assets

the problem is that this subject is still being discussed, not yet really adopted? and mainly in europe

another solution for central bankers is to induce a bear market in cryptos, which is currently tried actively.