If you’re invested in cryptocurrency, now may be the time to stop.
It seems the whole cryptocurrency “ecosystem” is nothing more than a mass counterfeiting operation.
According to the criminal investigations into Tether and Bitfinex by the New York Attorney General, it was concluded that Tether coins, used to purchase Bitcoin in many cases, had claimed that they were currency backed, when they weren’t.
During a press release from the NY AG in February 2021, the press release stated:
In the case of Tether, the company represented that each of its stablecoins were backed one-to-one by U.S. dollars in reserve. However, an investigation by the Office of the Attorney General (OAG) found that iFinex — the operator of Bitfinex — and Tether made false statements about the backing of the “tether” stablecoin, and about the movement of hundreds of millions of dollars between the two companies to cover up the truth about massive losses by Bitfinex.
“Bitfinex and Tether recklessly and unlawfully covered-up massive financial losses to keep their scheme going and protect their bottom lines,” said Attorney General James. “Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times was a lie.”
The OAG’s investigation found that, starting no later than mid-2017, Tether had no access to banking, anywhere in the world, and so for periods of time held no reserves to back tethers in circulation at the rate of one dollar for every tether, contrary to its representations. In the face of persistent questions about whether the company actually held sufficient funds, Tether published a self-proclaimed ‘verification’ of its cash reserves, in 2017, that it characterized as “a good faith effort on our behalf to provide an interim analysis of our cash position.” In reality, however, the cash ostensibly backing tethers had only been placed in Tether’s account as of the very morning of the company’s ‘verification.’”
According to Natural News, the outlook for crypto currency is not that peachy, stating:
“The operations of Tether appear to have simply recreated fiat currency money printing in the digital world. Even worse is the fact that Tether still has never been audited by a legitimate accounting firm to prove they actually have the deposits they claim.”
“As a result of these revelations, many analysts believe that once the full extent of the digital fiat currency creation is fully revealed, Bitcoin and other crypto assets may experience a significant wipeout.”
Natural News also pointed out that the significant dips in value are only going to continue,
“So far, it seems, most people involved in crypto have been willing to look the other way on Tether because they all seem to be “making money” as the crypto bubble rises. But with Bitcoin having plunged 17.5% in mere hours last Friday night — and with many cryptos now suffering sustained selloffs — the overpowering elation of an ever-rising market seems to be waning. Many people are beginning to ask serious questions about the current valuations of Bitcoin and other cryptos, and the deeper they dig, the more disturbing the picture becomes.”
Bitcoin has dark origins too, according to David Morgan, who has a YouTube series called Crypto Conspiracy. In the series, Morgan delves into the links between the origins of Bitcoin to the deep state and the late billionaire pedophile, Jeffery Epstein, who used child sex trafficking to ensnare the wealthy and the influential.
The crypto currency was allegedly created by the deep state, to use the system as a money laundering, bribery and payoff network, allowing the elites to bypass conventional banking systems, keeping their activities secret.
A ‘pedo coin’ if you will.