Bitcoin, An Infinite Regression of Empty Safes

Plus a Reverse Repo Update, and Higher Long Term Rates Incoming

• Bitcoin is a distraction, an ingenious code to an infinite regression of empty safes, a psyop, a puzzle leading to nowhere for captive primates at the zoo.

• GLD has not added any gold to its holdings in 2024, and RRPs have stopped sliding due to lower Bill issuance, but still drift down anyway.

• Credit card debt delinquency is rising at a record rate according to the NYFed.

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Why Not Bitcoin?

I haven't written about bitcoin in a while, but bitcoin fever is spiking again. I'll put up a video on this tomorrow or Friday, just letting you all know I'm working on it. I'll just say this for now. I have no problem owning a little bit of bitcoin, as long as you pick a profit target and stick to it. I in fact, do own a little bit of bitcoin. As long as you understand this is a game of nuclear hot potato, and that it will all fall over with the dollar.

When people tell me I don't understand bitcoin, I facepalm. They tell me all the amazing stuff about how the code works. I understand that it's a code. It's an ingenius code to an ingenious decentrilized safe. The most secure, advanced decentrilized proof-of-work safe ever created. But that doesn't change the fact that the safe is empty.

There is nothing in the safe. It's a code to a safe that only leads to another empty safe inside that safe, and so on to infinity. A code is useful only insofar as it grants access to something that actually exists.

Codes that unlock empty safes are useless for anything but distracting captive primates to entertain the patrons.

Bitcoin is a system of empty pipes that transports nothing. It's people chasing nothing, believing that the genius of humanity finally did figure it all out. It's classic idolatry in the sense of humanity bowing to its own creations of nothingness. At least you can burn idols.

Buying bitcoin strengthens the dollar by strengthening the top of the pyramid. In order to destroy the inflationary system, you have to dig underneath it, not pile on top of it. Those chasing this and piling in will not make it to the End Game. They will be another victim that we will have to support in the end, if they survive at all.

The pyramid is not merely a conceptual invention for organizing concepts. It's real, in the sense of it being a logical progression, that the top layers depend on the bottom layers via monetary regression. Bitcoin cannot undermine the dollar in that sense. It can only distract those who otherwise understand the dollar is evil.

Piling on top of the pyramid is what they do. Bret Weinstein says "Psyop until proven otherwise," and I am becoming more convinced Bitcoin is a psyop designed to distract those suspicious of the monetary system, like flat earthers and news of UFO landings. I would not be surprised at all to learn that Satoshi Nakamoto is a CIA codename. Currency destabilization is a favored CIA tactic for enemy nations. Dollar stabilization through distraction would be the inverse of that and it would make a lot of sense. I have no idea who or what invented this thing, but if it was the CIA or NSA or whatever it would fit the plotline.

It may also be a psyop in the sense of giving central banks an excuse to try out CBDCs, though even those would not stabilize the dollar, but they would grant the totalitarians almost complete control for however long the CBDCs would last. It would be a great last hurrah for them.

There's a reason that news of UFO landings was spiking as the public started to doubt the mainstream Covid narrative. It was bullshit distraction. So is bitcoin. Buy it if you want. A little won't hurt. Just know what the thing is, if you can even call it a "thing". It's a code to someone else's fantasy, is what it is, and nothing more.

This may sound like jealousy, but please believe me when I assure it is not remotely close to that. It's much more sadness for those chasing this, who could be helping to topple the evil by stacking but have gotten distracted like a monkey with a puzzle in its cage in a zoo, thinking there's food on on the other side, while the patrons laugh at him.