CryptoCrash - Jeff Berwick on China, Jamie Dimon and where Cryptocurrencies Are Headed From Here
Jeff, along with Sterlin Lujan, is interviewed by Terry Brock, topics include: the recent crypto-crash/correction, Jamie Dimon, where is the price headed now, the role of China, the Chinese exchanges and ICO's, decentralized exchanges, Chinese people largely ignore government regulation in China, Bitcoin is the honey badger of money, the more authorities crack down, the more anonymous and decentralized technologies will emerge, crypto to change the world, the most promising cryptos going ahead, Anarchapulco 2018!
Get our Free 4-Part Private Bank Tutorial Here: https://dollarvigilante.com/bank
Subscribe to the TDV newsletter here: https://dollarvigilante.com/subscribe
Sterlin Lujan on Bitcoin.com: https://news.bitcoin.com/author/sterlinlujan/
► Watch on DTube
► Watch Source (IPFS)
Here's the REAL reason he specifically called Bitcoin a "Fraud" (NOT just wanting to drop the price and NOT reported elsewhere) a 30-second read:
https://steemit.com/bitcoin/@thoughtchain/why-jamie-dimon-specifically-used-the-word-fraud-to-describe-bitcoin-not-just-to-drop-price-and-not-reported-elsewhere
The original story about China taking down bitcoin exchanges was reported by Caixin Media Co in China.
If you Wiki Caixin Media Group, you'll see Lawrence Summers there under Trustees. He's their "ADVISOR"! Strange place for the ex Goldman Sacs, US Treasury Secretary to be, hey?
Does anyone know that Larry Summers, (former US Treasury Secretary, Goldman Sac, JP Morgan, World Bank, ad infinitum to his dossier), may have a hand in the fake China news, or policy itself?
You might find it interesting that the Chinese media company that solely broke this story, when no others in China did, was Caixin, a state-owned financial news group. But the bigger news is that their Chief Advisor is
none other than the meddlesome, Larry Summers, a Rothschild chess-piece who wrecks sovereign countries entire economies. Putin drained that swamp after Yeltsin sold out to these dogs. Hence, the hate-on that continues for him...
https://www.cryptocoinsnews.com/bitcoin-price-loses-500-
again-amidst-confusion-over-chinese-regulators/
https://en.wikipedia.org/wiki/Caixin
Are you threatening me!?
hahah is that the truth.
Ha honey badger
✌️
Great job Jeff. I have been following you in the youtube. Just starting here...
While I am actually living in China, I don't feel the freedom that you mentioned. Further down the road, I am a comparative high paid working class, the tax rate are not as such low as you think it might be. With China also getting addicted to loan & deficit budgets (or probably forced by US to avoid massive appreciations on FX), the road ahead is kind of uncertain. Chinese has been promoting own version of technology innovation (weibo to twitter, wechat to whatsapp, etc etc) with restricted border line, the recent digitizing local currency (CNY, or RMB whatever you call it) with wechat & alipay plus recently formalizing VAT Invoice to includes business registration number which all leads to the track tracing the money flow. Be also noticed that all privacy focused cryptocurrencies (monero, zcash etc) are not trade-able in China. I think China is pushing towards a totalitarianism.
In any case, I am even more positive on cryptocurrencies with Chinese government trying to do something about it. It proofs that is a treats. And, it is important that bitcoin are being challenged and proofs its resilience.
Very interestring comment from the China point of view. Thanks for sharing this.
this whole exchange ban is no less more than a hoax. It's just Market manipulation to bring the price down. Chinese people are still allowed to buy Bitcoin and use exchanges from International exchanges. It's just a way to create FUD, which the big Chinese whales can profit off. The price will recover, Chinese people will use international exchanges. Everything will be fine in the end
indeed you can't stop crypto/crytpo trading, but bank withdrawals can become a pain...
need BTC ATM in my country, fast!
Chinese will be able to use International exchanges, and as far as I known of, OKCoin & BTCC do offers International exchanges, too. But the problem is the fiat to crypto & crypto to fiat that we still depending on. It is difficult to get fiat out of the country. It might be eventually easier while Chinese wants to globalizing CNY (or RMB, whatever you call it), but it is not the case at the moment. I totally agreed that we are looking at a short term situation, but the time frame is uncertain. That's the U of FUD.
I am living in China, FYI.
The price will forsure recover & if you think about it, the ban doesnt mean China can enforce anything and the people will still want to buy things. @geckthailand good call
https://dtube.video/#!/v/devonreal/1na6ywsi
Crypto is impossible to stop, very influential people are involved in this. The future of it.
People are smarter than ever.. If the bulk of the population has been more or less enslaved by a ruling class for thousands of years though, I think we have to solve the problem from the bottom up. This may be a larger undertaking than we think.
I hope these influential people you are talking about are influencing every individual and not hoping on something top down. Bottom up will work from what I have found.
Amazing interview yet again. The bottom line is that there is no stopping the block chain or cryptos. When will all these naysayers realize the benefits of cryptos, the tyranny of governments and central banks is being tamed slowly :) So many are being freed daily :)
I slept through the dip, 😥😤! I only see drops a buying opportunitys.
thanks for your post
fun interview with good content, thanks!
Thank you