Are we heading into a crypto winter? Kraken's Jesse Powell weighs in, and responds to his own prediction that Bitcoin would hit $100k before the end of the year. With @emilychangtv https://t.co/jQ2TBVqDb9 pic.twitter.com/DSGEtVUVvH

— Bloomberg TV (@BloombergTV) December 15, 2021

Let’s be fair here (we always try to be fair): it’s not like the dude doesn’t have a dog in the fight.

Literally: “pump my assets because you’re going to starve to death if you don’t.”

Also to be fair: I think Jesse is a good guy, especially by crypto industry standards.

Newsworthy statements, nonetheless.

Why milk though?

RT:

Americans should stock up on essentials and prepay their bills before the US dollar crashes in 2022, Jesse Powell, chief executive of Kraken crypto exchange, has predicted. He also sees a decline in the value of Bitcoin.

In a TV interview with Blomberg, Powell said he was wondering where the bottom was with regard to the value of the dollar, citing the soaring inflation and interest rates going negative.

He suggested that people should prepay their healthcare and tuition fees and stock up on the basics.

“I’m going to say the dollar is going to zero. You should start stocking up on gasoline and milk right now.”

He added that investors should also take on as much dollar debt as they can because “there will be a jubilee at some point.”

It’s not just the US dollar that’s going to take a beating – Bitcoin will, too. According to Powell, its price is going to fall dramatically to below $40,000 a coin, which some investors see as a buying opportunity.

Ultimately, the dollar is going to zero, no matter what.

There is no other possible outcome.

Literally. No other possible outcome.

They can’t pay back the debt, they can’t let anyone default, so literally the only option is to default through inflation.

However, whereas the entire government often appears incompetent, the finance people really aren’t incompetent (speaking of the ones who don’t work directly for the government and are the ones actually running this). That whole story is summed up from this February 7 tweet by (Jew) Jennifer Rubin praising (Jew) Janet Yellen for rebuffing (Jew) Larry Summers on his inflation predictions.

she was excessively polite about Larry Summer's. The notion we have an actual threat of inflation is ludicrous. I suspect many in the WH laughed when they read that argument. https://t.co/Haa8APHb5w via @politico

— Jennifer 'pro-voting' Rubin (@JRubinBlogger) February 7, 2021

(To be clear: Rubin is a Jewmocrat Jewnalist shill, Yellen is a Jewmocrat Party hack, Summers is an old school Warburg style money Jew. The Summers types are the ones actually managing this on the ground, which is why finance is the only aspect of American society that is being run according to plan.)

The monetization of assets is working really, really well. It can’t go on forever, obviously, and we’re already seeing absurd inflation, but I don’t think the dollar is going to go to zero until they want it to.

The funny part is: pumping crypto actually reduces inflation through this “buy and hold” model that takes all of these dollars out of circulation. That’s one of several reasons the government continues to refuse to regulate it. If the crypto market collapsed tomorrow, you’d then have two trillion dollars floating around you’d have to shove into Tesla stock or whatever. The Democrat financial agenda would actually benefit by pumping up crypto to $10 trillion or whatever, just as they benefit from pumping up housing prices.

Real estate prices are only slightly less speculative and abstract than crypto or TSLA. Dumping money anywhere that it can just stay resting helps slow the collapse of the dollar.

As far as Bitcoin going below $40,000 – I’ve been saying I wouldn’t be shocked if it dropped below $20,000 since the Elon sabotage. After the last pump, the current consolidation above $45,000, and the general political and economic situation, I think that’s less likely now – but still possible.

Don’t buy Bitcoin if you’re going to definitely need the money back any time soon, I’d say – if I ever gave economic advice, which I don’t.

If I had to just make a wild guess, I’d say we’re going to have a rough four weeks, and then some weird shit will get serious, and we’ll see a pump and new ATH sometime in first quarter. But I sure as hell wouldn’t bet Bitcoin on that wild guess.

I probably would bet money we’ll beat $100,000 in the next 12 months. But I wouldn’t bet a lot of money.

China is delivering the product.

China did just what they said they were going to do.

Meanwhile, the US is so completely incompetent, that they do not even have the capacity to receive the product.

Imagine if a man tries to hand you a suitcase filled with $1000 bills, but you can’t take it from him because you don’t have any arms. You take off your shoes and try to grab the suitcase with your toes, but you slip and break your back.

This is Brandon Country, you faggot nigger!

New York Post:

Backlogged container ships stranded off of the coast of southern California waiting for their chance to enter port have been moving farther out to sea due to safety concerns brought on by poor winter weather conditions, satellite images show.

Only about 30 ships were within view of the ports of Los Angeles and Long Beach, the two largest ports in the country, The Wall Street Journal reported on Friday, while over 60 others were forced farther out to sea amid high winds and rough seas.

Some are hundreds or even thousands of miles away, including vessels incoming from Asia that have reduced their speed in anticipation of delays, The Journal said. The ships are complying with a voluntary system put in place by shipping officials last month ahead of inclement weather conditions in the winter that pose a safety hazard, the paper said.

Kip Louttit, executive director of the Marine Exchange of Southern California that oversees ship movements in the area, told The Journal that “Container ships are very tall and blow around a lot in the wind.”

“The numbers were not going down, so therefore we needed to find a way to spread the ships out,” he said.

Do people even know that this is still happening?

At the request of the Brandon Administration, the media has apparently stopped posting the pictures.

I don’t think anything like this has ever happened before in history.

It’s just amazing the way that the Biden people are just shutting down all of the functionality of the United States.

I’m not even a big politics guy, and definitely a believer in the uniparty, but no Republican would allow something like this to happen. It’s just farcical.

Why can’t the ships dock?

I haven’t even heard an explanation. It’s because there are not enough dock workers? There aren’t enough trucks?

Where did they all go?

According to government statistics, this is not related to vax mandates. I don’t even think the dock workers have been mandated.

The lunatic part is that it would be easier at this point for the ships to just go through the Panama Canal and dock in Florida. There is a 100% chance that Ron DeSantis could get the trains running on time.

Apparently, however, this is all on purpose, and it is about adjusting Americans to a lower quality of life. The virus hoax is an excuse for that, in a run-up to the mega-hoax, which is the global warming hoax. They are getting you used to living with less so they can then tell you “you can to live with less because we have to change the weather and turn the earth into a solid sheet of ice so that polar bears can roam freely.”

In related news, Lawyer Sidney Powell has warned that if these container ships are forced any further out t0 sea, they risk being sucked into the depths by the Kraken.

Disgraced and failed president Donald Trump has voiced agreement with Powell, claiming that “the Kraken is coming for Biden, due to his failure to support Israel and get people to take more and more vaccines.”