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Hello, everyone! Today, I’m diving into a topic that’s been stirring up a lot of discussion: the recent approval of Bitcoin ETFs by the SEC. With 11 companies now able to trade Bitcoin as an ETF, I’ve got a theory about what’s really going on behind the scenes.
Watch the speech here: How the USD controls the world economy.
Are the SEC and Big Companies in Cahoots?
My theory is that these 11 companies are working closely with the SEC. Why? To make Bitcoin tradeable in a way that allows for regulation and prevents it from threatening the dominance of the US dollar. By controlling how Bitcoin is traded, these companies and the SEC can ensure that it doesn’t disrupt the financial status quo.
The BlackRock Bitcoin Paper ETF: A Double Standard?
What’s even more intriguing is that the SEC has allowed BlackRock to issue Bitcoin using paper through an ETF. This is significant, especially considering that just last fall, JPMorgan was fined $920.2 million for its illegal trading activities related to precious metals futures contracts, including silver. JPMorgan was attempting to issue silver using paper—a move that got them into serious trouble.
So, why is BlackRock allowed to do something similar with Bitcoin? This seems like a clear double standard, and it raises questions about the real motivations behind these decisions.
The US Dollar: The World’s Most Powerful Product
If you look at the global economy, most loans need to be repaid in USD. This is because the US created the dollar and lent it out to the world, making it one of the most powerful tools the government has to ensure the continued dominance of the USD. I’ve said it before—the US dollar is the best product ever made!
However, US debt is growing to the point where interest payments could soon become the nation’s second-largest expense, right after Social Security. This is a concerning trend, and it brings to mind situations like what happened in Cyprus, where citizens woke up one morning to find they had been taxed 50% of their net worth to prevent the country from going bankrupt.
Learn More About the Financial Landscape
If you’re interested in learning more about these issues, watch the YouTube video here!
Or, check out John’s book, Dollars, Gold, & Bitcoin to learn more and find out how the USD controls the world economy!
If you want to see more content like this, go check out the Fund Launch Blog! As always, if you feel ready to start your own investment fund, visit Fund Launch!
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DISCLAIMER: This content is for educational and informational purposes only. It is not to be taken as tax, financial, or legal advice. You should always consult a legal professional before taking action. Furthermore, this is not a recommendation to buy or sell any security. The content is solely just the opinion of the authors.
