I stumbled upon a discussion today between Glenn Beck & Teeka Tirwari of Palm Beach Confidential in which it is demonstrated how prominent figures connected to Wall Street have been legally using FUD as a way to enter the market at a discount rate.
First published on YouTube in July by a user known as XRP (not associated with Ripple Labs) the show is 1h 17m long, entitled Glenn Beck Discusses The Great Bitcoin Cryptocurrency Conspiracy.
For your convenience I have cut out the most interesting section and re-uploaded it as a 6min film:
For those of you who don't fancy watching it, here are some of the points Teeka Tiwari makes:
What the experts said and how investors responded
12th Sept '17 Jamie Dimon (JP Morgan) says "Bitcoin is a fraud" & BTC falls 24%
24th Jan '18 George Soros says "Bitcoin is a bubble" & BTC falls 44%
7th Feb '18 Goldman Sachs says "Most cryptocurrencies will crash to zero" & BTC falls 27%
He examines each of the above FUD events and shows how the people involved were ignoring their own advice.
Looking at the BTC chart the dates mentioned above do seem to fit.
Though one could potentially argue it was on its way down at this point no matter what people said.
Tiwari rightly points out that rather than listening to what people are saying, we should be focused on what they are doing.
What is Palm Beach Confidential?
Founded by Teeka Tiwari, Palm Beach Confidential (PBC) launched in 2016 as a subscription-based online publication as an advisory services about profitable investments.
It has limited membership with a subscription fee of $5,000 a year.
Looking at Tiwari's extensive CV we can be in no doubt he has had a fair bit of experience.
He has been a guest on FOX News, CNBC, The Daily Show with Jon Stewart & ABC’s Nightline, to name a few.
He seems like the real deal to me and everything he said rings true.
Please let me know your thoughts.
Who is @samstonehill?
All content created for this account is 100% original (unless otherwise stated), produced by @samstonehill who invites you to use & share freely as you wish.
Sam is the creator of:
The Aspiring Steemit Whales & Dolphins group on Facebook which seeks to help newcomers make the transition from Facebook to Steemit, providing them with detailed notes and personal assistance with their posts... resteeming them when he can.
@teamsteem @timcliff @jesta @good-karma @someguy123 @blocktrades @pfunk @klye @krnel @blueorgy @ausbitbank @thecryptodrive @ura-soul @pharesim
The history repeat itself, smart people accumulate when no one is interested, then they dump on newbs.
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One thing is for sure, 2019 is going to be one interesting year!
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All the Wall Street banks are crooks. Decentralization will win
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It sure seems this way but I would argue now that decentralisation is a buzz word which is being used to blind us. When the new world order single currency is finally ushered in, it will be much less decentralised than it appears on the surface. Especially if Wall St own the majority of the 21 million BTC!
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