Crypto Currency Fuels Cartels and Criminals

Risky Bets on Crypto and Politics

BREAKING 12.20.24: Dark web ‘hitman’ is promising to kill Trump — if he raises $30,000 in crypto. Below the message, the website lists two cryptocurrency addresses for users to send either Bitcoin or Minero.

"Trump is bullshit. Trump is the death of America,” message on the site reads. “I can help. I am terminally ill. I’m going to die soon. I want to do something good for this country and for this world. I want to kill Trump."

The website, titled “Destroy Trump,” appeared on the dark web two weeks ago and claims to have already raised $13,245 of its $30,000 goal. "I need your help. I need money,” the message continues. “Every dollar will help. I need to raise $30000. We don’t have much time left. Please help me! Let’s do it together!" [source]

WSJ reports financial markets are booming, but investments and bets that disproportionately draw young men are leaving everything else in the dust. Elon Musk inspired millions of young men — many women as well. Elon's a billionaire, charismatic, risk-taking and reckless, some say.

BILLIONS of dollars stolen from American families each year by crypto scams. Exposed one group "red handed" — likely Chinese group. SEE: Female Asian Financial Assassin Targets Americans with Cryptocurrency Scam

• Young men are investing heavily in risky assets such as crypto and meme stocks, driven by a desire for financial success and a sense of economic alienation.
• These investments have yielded high returns in recent months, but experts warn of the potential for significant losses.
• Online platforms and influencers are playing a major role in shaping young men's investment decisions, often promoting risky behavior.

The financial page claims, "Byron Hayes has lost so much money on meme stocks, crypto and betting that he goes by the name Financial Failure on online forums. He might need to rebrand."

Losses are turning into wins as this time. Election exuberance is propelling a new wave of investor speculation.

Trump took credit when the price of a single Bitcoin surged to a record high last week, with a Truth Social post saying: "CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU'RE WELCOME!!!"

Crypto companies contributed one-third of all direct corporate contributions to super PACs in this election, "60 Minutes" found. In House races, industry donors had an 85% win rate among the 29 Republicans and 33 Democrats they backed.

However, there is NOTHING to prevent a total collapse !!!

The Roaring '20s

About 100 years ago, quite spooky when one thinks about it, the world suffered a massive pandemic. H1N1 influenza virus ravaged the global population. The world is still crawling out of the SARS-CoV-2, or COVID19, pandemic at this time.

About 100 years ago, Russia was involved in conflict with England and Germany. At the time, people called it the Big One. We call the conflict WWI today. Without question, we're in a world war in the Ukraine conflict.

At the following years witnessed a Republican president, Herbert Hoover, come to office. Hoover focused much of his attention on raising money, restructuring corporate organizations and financing new ventures. Republican Don Trump now re-enters the White House with a similar financial background.

Hoover pursued a "lily-white" strategy in an attempt to curry favor with White Southerners. Trump's base is White Southerners. Hoover captured 58% of the popular vote; Trump about 48% in a divided America. Hover won 444 of the 531 electoral votes; Trump took home 312. No mandate. Much tension.

Having seen the fruits of prosperity brought by technological progress, many Amerians shared Hoover's optimism, and like our current time, the already bullish stock market of 1920s climbed even higher on Hoover's accession. National optimism concealed several threats to sustained U.S. economic growth, including a persistent farm crisis, a saturation of consumer goods like automobiles, and growing income inequality. Most dangerous of all to the economy was excessive speculation that had raised stock prices far beyond their value. [source]

Sound familiar?

Some crypto investors say they are laying a foundation, however risky, to attain traditional goals, such as saving for retirement or a home, survey data from financial education company Noyack shows. Lauren Newman echoes that sentiment (at right).

Speculative investing also doubles as a form of entertainment, thanks to smartphone trading and online forums of bootstrap investors. Users flaunt big wins, teasing financial prosperity that otherwise seems unreachable, especially for the growing number of young men who believe they face economic barriers. Antonio Bommarito urges potential investors to pay attention (at right).

Some regulators and bankers warned both Coolidge and Hoover that a failure to curb speculation would lead to "one of the greatest financial catastrophes that this country has ever seen." The Wizard of Waikiki is warning both Joe Biden and Don Trump that we're on the precipice of the greatest financial catastrophes that not only this country — but world — has ever seen.

WHY?
Because nobody actually needs crypto currencies. It's all speculation. It's all a "house of cards." Light one match, the entire house goes up in flames.

Nobody Needs Crypto Currencies

History reminds us of tulip mania. Nobody needs tulips. Beautiful, fragrant, but no actual need. During this period of the Dutch Golden Age, contract prices for some bulbs reached extraordinarily high levels. Major acceleration started in 1634 and then dramatically collapsed February 1637. Generally considered to be the first recorded speculative bubble or asset bubble in history. In many ways, tulip mania was more of a then-unknown socio-economic phenomenon than a significant economic crisis. [source]

The term tulip mania is now often used metaphorically to refer to any large economic bubble when asset prices deviate from intrinsic values.

Over $100,000 for one Bitcoin (BTC)? Are you serious? What is the "intrinsic value"?

If one is hungry, and a vendor has apples, the hungry person is willing to pay or barter for the apple. The hungry person "needs" the apple to eat. There is no corresponding "need" for crypto currency.

Crypto currency is new. People don't understand this new medium of exchange. Thus, crypto has become more of a contemporary-unknown socio-economic phenomenon.

As bitcoin reached historic highs, El Salvador’s President Nayib Bukele expressed victory about his big bet on cryptocurrency. The adoption of bitcoin — which has been legal tender in the nation since 2021, now stands at more than $600 million. If BTC crashes, many citizens in El Salvador will starve. [source]

If the value of Bitcoin currently priced at over $100,000 falls tomorrow, there is absolutely no mechanism or intrinsic support to stop the collapse. Would be like a run on a bank. We've seen similar situations with meme stocks. They shoot up to unbelievable levels — then believe it or not — they come crashing down leaving many investors in the ashes.

As noted in the graphic above, Bitcoin investors lost over $180 BILLION in a day.

Antonio Bommarito is sure to include his legally-protecting disclaimer when encouraging investors, "What goes up, can come down... use caution."

Use caution? Few people understands the risks. Could lose everything in a blink of an eye. Homeless with kids on the street tomorrow. Warnings didn't stop Byron Hayes. Remember he lost so much money on meme stocks, crypto and betting that he goes by the name Financial Failure on online forums.

Be cautious? Byron Hayes says his main investing goal is to retire comfortably. When he first bought crypto at 21, he experimented with trendy meme coins and lost at least five figures. But crypto’s boom in 2017 helped him buy his first house. He believes traditional stock investing via his 401(k) and Roth IRA won’t gain fast enough to offset the cost of living.

Byron's not looking to buy mama a new pair of shoes. Byron is putting ALL his eggs in the crypto basket for his retirement. Byron doesn't believe in the Old Fashioned way of investing — slow & steady. Byron and millions of young men are looking to get rick quick; so are many women.

Elon Musk is the perfect inspirational role model. Illegal immigrant to USA and now a billionaire success story. Elon is perched at the highest levels of society. Many men feel they do not have any option but to roll the dice in a world they believe is stacked against them. Their participation in the labor force is falling while it grows for women their age. Young men are less likely to enroll in college.

Elon and Don Trump champion their potential success. The Roaring '20s are upon us. Remember what happened October 1929.

Nobody needs crypto currencies — well, except for drug cartels and criminals. Handy method of transferring large sums of funds to one another. Convenient way to pay for illicit drugs, illegal weapons or traffic in human beings. Speculators seeking a get-rich-quick scheme fuel their dangerous behavior.

Just 30 pieces of silver ...

Why Does Antonio Bommarito Need Crypto?

Antonio Bommarito is a real estate agent. He buys and sells for a living. Antonio Bommarito is a political candidate. He buys and sells for a living. Antonio Bommarito buys and sell cypto currencies.

Antonio lied to me, "I'm not trying to convince anybody." He sure is. I questioned Antonio and Lauren Newman about the value of crypto. Antonio deleted the conversation and blocked me. An ethical person wouldn't do that. Antonio Bommarito is disreputable. My reasoning hurt potential profits.

Yes, it’s called Fartcoin. Yes, it is totally useless. And yes, it has nevertheless tripled in value over the past week to a market capitalization of more than $700 million.

“Because they’re worthless, you’re betting on the ‘greater fool,’” Toe Bautista said, referring to the idea that someone else will pay a higher price for a given memecoin. “You’re thinking, ‘I’m early to this, someone will buy the bags.’ But there’s no underlying driver of its value.” [source]

On social media, Antonio Bommarito asks followers if they are paying attention. Pay attention: cypto currencies are like a Ponzi scheme. Investors like Antonio Bommarito seek suckers each day to keep the speculative profits growing.

Consider this: what if a computer virus ravaged the Bitcoin block chain tomorrow. Trillions could vanish in an instant. Or what if a new cyber currency algorithm renders Bitcoin obsolete? Trillions could be lost overnight.

Gold, silver, coins, even paper fiat are tangible; trusted mediums of exchange. Crypto is a dream come true for criminals and cartels.

Waikiki Wizard
Antonia, why to you promote cypto currencies, such at Bitcoin? Crypto is ONLY useful for Criminals and Drug Cartels. Those who invest in crypto, such at Bitcoin, fuel the criminals. Why do YOU need BTC or crypto? Explain

Antonio Bommarito
besides Elon, Trump and foreign national counties switching currency to crypto based? Countless other reasons, but I'm not trying to convince anybody. Personally I've made over $30k in crypto that I divested into other investments. "Need?" the same reason I need guns and gold. I want it.... it works for me.

Antonio Bommarito speaks to the American public on many topics. He supports the use and growth of crypto currencies. He was endorsed by Ada County Sheriff Clifford so the county can get back on track. In my professional opinion, those advocating crypto currencies are on the wrong track. Antonio censored my point of view.

Antonio Bommarito for Ada County Highway District. I believe crypto currency fuels drug cartels, enables trafficking in illicit substances, illegal guns and human trafficking. Antonio could not state an actual "need" for crypto. Investors buy crypto in dollars, for example. Why not just have a dollar?

The value of Bitcoin (shown above) is shown in dollars: $102,818.32 at this moment. Why not simply use dollars?

Lauren Newman also is a real estate agent in Idaho. She acknowledged one didn't actually need crypto. She finds crypto to be a lucrative investment opportunity for herself and family.

Lauren ridiculed my question by referring to me as a troll.

I asked again, "Why does an ordinary, average person need crypto?"

Lauren Newman
It not a matter of NEEDING. It's a matter of WANTING. Why wouldn't you want to make 100's and 1,000's of dollars? Also, do you really disbelieve in decentralized banking? And if so, why? You have criminals today still using regular banking system that don't get caught.

Waikiki Wizard
Didn't get to answer. Antonio deleted the conversation at this point. First, not everyone makes money! Second, there are no guarantees investors won't lose all their money. Third, what value to me or society is "decentralized banking"? The average person gets no value from a bank operating in the Dark Web. Lastly, yes, criminals use our current system. Many get caught. Lauren however makes it easier for criminals not to get caught by supporting crypto.

Cartels and criminals don't like dollars. Paper currencies are bulky and easy to track. They don't like traditional banks. These accounts can easily be traced. Cartels, criminals and investors adore crypto because they're not controlled or regulated by government. They move in the shadows of society. You want a safe world? Then don't support crypto.