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Going Direct Update – Who is Janet Yellen?


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33 Comments

  1. There appears to be a new psyop afoot to scare people off bitcoin. Consider these new stories the past couple days:
    https://www.businessinsider.com/man-offers-council-70-million-dig-up-bitcoin-hard-drive-2021-1?fbclid=IwAR11T7-jruqRIk1tuUlfqsfRbH4iz0TIoqU8gTFFQP7FeBLwFPIYvWwJ55Q
    and
    https://www.newsweek.com/man-has-two-login-attempts-left-access-220-million-bitcoin-before-its-all-lost-1560984

    I might be quick on the draw but the timing of two complementary, but separate stories seems pretty darned suspicious.

    1. Dovetails with move by the regulators. I thought they would give Bitcoin more room to run. More pump. With Biden and Harris in, question is how fast will they go for UBI and or CBDC. March? Seems too soon for me. If they decide to destroy Bitcoin, it will be dazzling to watch. They have the tools to do it Important to get your initial capital out, plus anything you need for taxes. This is a speculative market, so if you want to be in, play from your winnings. I will watch more closely.

      1. Catherine I think people have been on UBI already with sustained unemployment benefits/food stamps to keep people afloat. That can will keep getting kicked. Meanwhile when they need market/economy stimulus they send direct checks to those making less than 100k to buy an apple product or gamble in the market.

        1. Their gambling in the market when crypto is the currency evokes W.C. Fields. Guy sits down at Fields’ table and asks “Is this a game of chance?” Fields answers “Not the way I play!”

      2. It actually makes me laugh a little that you’re seeing the same thing and I am but a rank amateur. They are getting to be so formulaic in their scams. I guess it doesn’t matter any more what we think. So the problem will be the insecurity of bitcoin and the solution will be eDollar or whatever. It will be guaranteed by FDIC (with lots of fine print, and a built in back door for extracting taxes, social credits and debits and so forth). Actually using, one supposes, blockchain/ quantum encryption to keep out everyone but the G. And, the FDIC won’t really have to insure anything. It’ll be its own social merit system. Cash will be sucked out of the currency over time and turned into numbers. As you have said, these are redeemable at The Company Store. The price for souls, as in “Sixteen Tons,” will be commoditized. Demonic, indeed.

    1. While they distracted the folks with crypto, they have been buying up all the real assets.

      1. Mabey they got in a like .5 cents( or 4k in march 2020) and are now pumping it and 1000xing.
        Strong arm PayPal, square, and MSCI to buy it and retail floods in.
        Then liquidate, and let retail hold the bag, while real asset prices collapse.

        Lots of different possibilities

    2. My Best Guess. Over the Next decade they keep the can kicking and paper over SS obligations with UBI/Welfare staples. While locking down harder and harder.

      Blackrock will keep the prolteriats 401ks/IRAs funneling to the big tech stocks/nasdaq and the oligarchy will slowly liquidate and buy up mom and pop ranch/farm as they can’t survive on their SS, Savings, automated walmart jobs.

      Dark people

  3. Little remarked upon in these pages, but universally experienced in the past few months is the postal system’s apparent near-breakdown. We are still getting Christmas cards this late in January and I got two checks from a client yesterday that were spaced two weeks apart, the later one arriving from SoCal in a more or less normal five days and the other one looking like it had been run over in a Calcutta railyard for a few weeks, bearing no postmark at all.

    I thought about it and reasoned, “They want to make the postal system, once a bulwark of civilization (recall images of Britain during the blitz and postmen delivering mail through the ruins) so unreliable as to be abandoned, and thereby force more people into electronic transactions for ordinary matters. It must take considerably more effort to spy on money flows with checks floating about. A couple more things we’ve taken for granted that will be disappearing in Craven New World.

    1. I received a package from Ireland that I ordered in early Dec. last week. I had paid a huge extra charge for expedited shipping. As you said “the other one looking like it had been run over in a Calcutta railyard for a few weeks”. No postmark, a large hole in the envelope but the product was intact and fine as it was in a plastic bag. The poor vendor had refunded my payment and now I am trying to get her payment to her. She has not responded to an email. Sadly. I hate thinking the woman who knitted these fine fingerless wool gloves has not been justly compensated for them. Hopefully, she had insurance. I don’t know. Will try to email again.

    2. Yet I ordered a large item off Amazon that had a delivery date of 1/29, and it arrived on 1/18.

      (in 2020 I reduced my amazon purchases from bi-weekly down to 2-3x a year. Shifted that spend locally or with independent online entrepreneurs. Unfortunately, it seems like sometimes, there are just some things it seems almost impossible to find off-platform.)

    3. Oh, yeah, and we ourselves sent a payment via Certified Mail on December 28 to a vendor across town in Cleveland and got a text from USPS yesterday that it “would be delivered by 9 PM.” Thanks for the service!

      1. Hi John Netflix dvd ordered mid December showed up today 1-21-2021. I am also receiving Christmas cards. My sister sent us a gift Mid December received 1-15-2021, she paid $10 for small package.

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