Yesterday, the understanding king discovered his meme token on the Sol chain, and its market value has now reached over 20 billion USD! I was very fortunate to have watched the entire process yesterday and bought in at 0.9 USD! The rewards were plentiful!
Next, I will analyze why the understanding king wants to pump Bitcoin and why he strongly promotes cryptocurrency!
Everyone knows that the U.S. government does not have the right to mint currency; the dollar is issued by the Federal Reserve. What should the government do if it needs money? Issue government bonds.
The government issues debt, and the Federal Reserve buys the debt, meaning the Federal Reserve provides the money while the government writes an IOU. The Federal Reserve then packages the IOUs and sells them worldwide. The U.S. government is incredibly wasteful; the military can spend 90,000 USD on a small pack of screws and still pass audits, so it is not surprising that they have accumulated a debt of 36 trillion USD. Now, not only are other countries unwilling to buy U.S. debt, but even the Federal Reserve is reluctant to buy it; everyone knows U.S. debt will eventually collapse. Without money, how can the understanding king govern?
In ancient times, there was a kind of game called minting large coins, which meant marking the currency with a very high nominal value while the actual metal content was very low; the nominal value of the currency far exceeded its actual value, with the purpose of robbing money.
For example, the gold knife issued by Wang Mang, according to the Han system, one pound of gold could be exchanged for ten thousand five-zhus. After Wang Mang usurped the throne, he used bronze to mint knife-shaped coins and stipulated that one knife was worth five thousand, meaning one gold knife could be exchanged for five thousand five-zhus, and two gold knives could be exchanged for one pound of gold.
Who is willing to exchange? Wang Mang, as the ruler of the Xin dynasty, could have openly seized it, but he still gave an explanation, saying that after a year, gold circulation would be abolished, and all privately held gold would be confiscated, giving everyone a year to manage their affairs.
As a result, in less than a year, Wang Mang had casually seized seven hundred thousand pounds of gold. At that time, land annexation was already very serious, and wealth was concentrated in the hands of powerful families, while the poor had no gold, so this knife did not cut the poor. Later, Wang Mang ran out of money again, and the knife coins were no longer sufficient, so he directly used shells and turtle shells.
Before him, Emperor Wu of Han, Liu Che, was even more ruthless, using deer hide as currency, with one piece of hide money able to equal four hundred thousand five-zhus. How could it circulate? Very simply, just issue a new regulation. Liu Che said that in the future, royal family nobles attending the emperor or performing sacrifices must place a jade disc on the hide money paper. Where does the hide money come from? It is exchanged with the court for gold. This is the essence of worthless currency.
Bitcoin is a virtual currency of the internet age; although it sounds advanced, it is essentially a form of worthless currency, and its actual value is even less than a piece of leather. The Republican Party has submitted a Bitcoin bill, likely intending to do the following: sell a portion of the gold reserves, and the Treasury will take out a portion of cash to buy four million Bitcoins in batches. The total supply of Bitcoin is twenty-one million coins, of which approximately nineteen million have already been mined and are circulating in the market. The understanding king has gathered a group of supporters, including politicians, consortia, cryptocurrency tycoons, and financial giants. If they work together to leverage U.S. national credit to endorse Bitcoin, as long as they hold back one-third, they can drive the price of Bitcoin sky-high. As the price of Bitcoin rises, all the junk coins and air coins will also rise. The understanding king plans to reserve four million coins to pay off the 36 trillion USD of U.S. debt, with one Bitcoin needing to rise to nine million USD.
But no one really wants to help the U.S. pay off its debts, and neither does the understanding king and his supporters. They cannot use state violence like Wang Mang to force others to buy Bitcoin, so they can only collude to hype it up. They just want to use the last bit of national credit of the U.S. to boost the cryptocurrency they hold, aiming to inflate it to a psychological price before cashing out. It's not just the cryptocurrency speculators who are boosting it; the American financial industry is too developed, and it is entirely possible to fund cryptocurrencies, so those buying into funds should be cautious. The lighthouse (America) is like a lighthouse hollowed out by pests; the fate of the financial empire is to be hollowed out by pests, ultimately collapsing with a great noise, while the pests vanish quietly into the shadows.
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We are all about to enter the most prosperous, balanced, and successful period of our lives. We are naturally inclined to attract good fortune, and not only do we possess wealth, but we have a lot of it; we all have the ability to create the life we want.