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(Natural News) The absurd but often-hyped claim that “crypto is digital gold” has collapsed. The LUNA token, part of TerraUSD “stablecoin” ecosystem, turned out to be entirely unstable, collapsing to zero after a massive hyperinflationary LUNA token creation event (combined with a redemption / selloff factor) that plunged into a death spiral this week. All LUNA investors are completely wiped out, and the very idea of a “stablecoin” has taken a huge hit in credibility. (Only in the crypto world could something described as “stable” by the entire community collapse to zero virtually overnight, with almost no one calling out the irony.)
As I’ve repeated warned for many years, crypto is a technology with many significant advantages, but don’t ever make the mistake of thinking crypto is a “store of value.” It isn’t. If you want to hold on to something with value, buy physical gold and silver. Crypto is for transactions, not savings, and all the crypto “hodlers” have been pleading with people to “hodl” their coins (avoid selling them) solely because that was the only way to keep the Ponzi pyramid intact. But if the “value” in crypto depends on nobody ever redeeming it or selling it, then there’s really no depth to that “value,” is there?
Bitcoin has plunged nearly 60% from its highs, and the bloodbath of crypto carnage that unfolded this week was psychologically jolting to crypto “investors” who have long thought that crypto would go up forever, never facing corrections or reality checks.
For the record, I’m a strong advocate of decentralized currency, and I recently recommended Monero, the privacy coin, due to its vastly superior architecture and its privacy-protection features. In my view, Monero is everything that Bitcoin promised to be, but failed to deliver. (Disclaimer: At the time of this podcast, I held zero Monero tokens. I currently hold less than US$300 worth of Monero, since I don’t “store” assets in crypto. I only keep enough around to use for transactions as needed.)
Here’s that podcast:
The Wall Street bubble is also about to burst
But crypto isn’t the only bubble around. By any honest measure, we are currently in the “everything bubble,” with perhaps only gold and silver representing any real bargain that can be found. Nearly everything else is in a bubble: Stocks, bonds, real estate, crypto, used vehicles and of course fiat currencies backed by nothing. The bubble is, of course, epic in scale and soon to be devastating in its unwinding. No bubble in history has been this large and widespread, and no crash in history can compare to the crash that’s coming.
What this week proved is that crypto is not a safe haven from crashing stocks. In fact, the downward trend in crypto appears to be strongly correlated with the selloff on Wall Street. As stock traders get triggered with margin calls, they sell off crypto assets to meet the margins on plunging stocks. This, in turn, cascades into margin calls in the crypto space which only accelerates the downward spiral of crypto.
This is why I believe the Fed is going to be forced to reverse course very soon and drop interest rates while flooding the market with new liquidity by buying up stocks, bonds and everything in sight. The Fed’s balance sheet is about to explode in size, which is the opposite of what the Fed claims to be trying to accomplish. But what they’ve come to realize after this week is that even the slightest nudge to interest rates can crater this fragile, overblown stock market. It’s only a matter of time before they reverse course, which means the Fed will be choosing hyperinflation as the course of action from here forward. That also means the stock market will skyrocket one more time as the Fed injects more liquidity into the system. But it also means the final crash will be so much worse than it should have been.
Get the full analysis in today’s Situation Update podcast via Brighteon.com:
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About the author: Mike Adams (aka the “Health Ranger“) is a best selling author (#1 best selling science book on Amazon.com called “Food Forensics“), an environmental scientist, a patent holder for a cesium radioactive isotope elimination invention, a multiple award winner for outstanding journalism, a science news publisher and influential commentator on topics ranging from science and medicine to culture and politics. Follow his videos, podcasts, websites and science projects at the links below.
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The U.S. patent office has awarded Mike Adams patent NO. US 9526751 B2 for the invention of “Cesium Eliminator,” a lifesaving invention that removes up to 95% of radioactive cesium from the human digestive tract. Adams has pledged to donate full patent licensing rights to any state or national government that needs to manufacture the product to save human lives in the aftermath of a nuclear accident, disaster, act of war or act of terrorism. He has also stockpiled 10,000 kg of raw material to manufacture Cesium Eliminator in a Texas warehouse, and plans to donate the finished product to help save lives in Texas when the next nuclear event occurs. No independent scientist in the world has done more research on the removal of radioactive elements from the human digestive tract.
Adams is a person of color whose ancestors include Africans and American Indians. He is of Native American heritage, which he credits as inspiring his “Health Ranger” passion for protecting life and nature against the destruction caused by chemicals, heavy metals and other forms of pollution.
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In his laboratory research, Adams has made numerous food safety breakthroughs such as revealing rice protein products imported from Asia to be contaminated with toxic heavy metals like lead, cadmium and tungsten. Adams was the first food science researcher to document high levels of tungsten in superfoods. He also discovered over 11 ppm lead in imported mangosteen powder, and led an industry-wide voluntary agreement to limit heavy metals in rice protein products.
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UK’s Royal Mint Creates Gay Money to Celebrate 50 Years of LGBTQ+ Pride
The Royal Mint has announced a new 50 pence coin, emblazoned with gay and transgender pride symbols, to celebrate half a century of LGBTQ+ Pride in the United Kingdom.
The new coin produced by the Royal Mint was designed by London-based tattoo artist Dominique Holmes, and features five rainbow flags, and a blue and pink transgender pride triangle, which also features two black and brown stripes to represent gay people of colour.
The coin was created to mark the 50th anniversary of the first LGBTQ+ Pride parade in the UK, which was organised by the Gay Liberation Front and took place in London in 1972. Clare Maclennan, the Director of Commemorative Coin at the Royal Mint said in a statement it was “a privilege” to mark the “milestone celebration” of gay pride.
Pride in London, the group that currently hosts the gay pride event, was invited by the Royal Mint to strike their own coins as part of the launch.
“It was a privilege to visit The Royal Mint as part of our partnership and see our coin being made,” said Asad Shaykh, the Director of Marketing and Communications at Pride in London.
“It humbles me greatly that the words that I coined for the brand, PROTEST, VISIBILITY, UNITY & EQUALITY – will be on an actual coin, opposite the Queen,” Shaykh said.
“This queer brown immigrant has come a long way, powered by hope, love and this city. Nowhere in the world had this been possible, except the UK. Pride in London feels very proud today.”
The press release from the Royal Mint confirmed that the government-owned private company has also created a network of “Diversity and Inclusion champions,” and forced all staff to undergo diversity and inclusion training.
An LGBTQ+ society for employees that holds regular sessions has been created, in order to ensure staff show “allyship” with the community.
The 50p coin will not enter widespread circulation, but will instead be available to buy via the Royal Mint website in the summer, alongside such other coins as the “DIVERSITY BUILT BRITAIN” 50p coin, which was designed to celebrate the “contribution of ethnic minority communities” to British history and culture.
Libs Slam Fox News Host For Asking About Chest Pains After Booster Shot
Fox News anchor John Roberts recently asked his Twitter followers on Wednesday if “anyone out there” is experiencing “chest pain” after getting the COVID-19 vaccine booster injection.
“Question,” tweeted Roberts. “Anyone out there having chest pain after getting the booster..?” The tweet was met with mixed responses. Some users tweeted in the affirmative, and included other medical issues.
Question: anyone out there having chest pain after getting the booster..?
— John Roberts (@johnrobertsFox) May 18, 2022
Others, who are ostensibly staunch supporters of the vaccines, slammed the Fox News host for merely asking the question.
“Stop. Please stop. Asking this type of question on Twitter is ridiculous. If you are having chest pains for any reason speak to a doctor. Not Twitter,” said one user.
Stop. Please stop. Asking this type of question on Twitter is ridiculous. If you are having chest pains for any reason speak to a doctor. Not Twitter
— 😺 🗣 Get Vaccinated ✌️👍 (@itsmejono) May 18, 2022
Ok. I don’t think asking questions about chest pain after a booster on Twitter is the smartest thing to do. But you do work for Fox…you could also be having chest pain that has nothing to do with the booster. See a doctor.
— Colin Logan (@logancolin) May 18, 2022
“Ok. I don’t think asking questions about chest pain after a booster on Twitter is the smartest thing to do. But you do work for Fox…you could also be having chest pain that has nothing to do with the booster. See a doctor,” tweeted one user.
Yes but after my initial second Pfizer shot. Before boosters. Now I have my numerous neurological issues.
— Robert Keller (@findcommground) May 18, 2022
“Husband did after 2nd dose. High BP, high heart rate. Thought he was having heart attack at 443. He had heart inflammation and issues for several weeks. Get it checked out!” wrote another.
Husband did after 2nd dose. High BP, high heart rate. Thought he was having heart attack at 43. He had heart inflammation and issues for several weeks. Get it checked out!
— Nicole McGee (@NNMcGee) May 18, 2022
“Curious what prompted the question? Do you have some factual information you will please share regarding this symptom after booster? Chest pains can have different causes. Asking this question can be misleading without more information. I know you would not want to mislead,” tweeted another.
Curious what prompted the question? Do you have some factual information you will please share regarding this symptom after booster? Chest pains can have different causes. Asking this question can be misleading without more information. I know you would not want to mislead.
— WSA (@Susie812) May 18, 2022
One user appeared to accuse Roberts of attempting to “rile up your Fox viewers and spread more false claims about the vaccine” by tweeting the question about chest pains, adding that former Fox News host Shepard Smith did the “morally right move” by leaving the network.
“No. Why would you throw this out on Twitter? To rile up your Fox viewers and spread more false claims about the vaccine? Ask your doctor not Twitter. @thenewsoncnbc Shepard Smith did the morally, right move by leaving @FoxNews” tweeted the user.
No. Why would you throw this out on Twitter? To rile up your Fox viewers and spread more false claims about the vaccine? Ask your doctor not Twitter. @thenewsoncnbc Shepard Smith did the morally, right move by leaving @FoxNews
— Olivia (@OliviaC019) May 18, 2022
Microsoft co-founder and vaccine enthusiast Bill Gates recently said that people aged between 50 and 60 will need “ongoing vaccination” with COVID-19 “booster” injections at least “every 6 months” during an appearance on CNN with host Anderson Cooper, Valiant News reported Tuesday.
“An infection where you get a high viral load would be like vaccination,” Gates said. “Uh, but you know, to be safe, every 6 months, you’re probably going to be vaccinated. As we get more data, they might even make that shorter for people, say 60 or over 70, where the duration seems to be a bit lower.”
Gates then added that “so we’re in for ongoing vaccination to stay absolutely safe.”
Half of Joe Biden’s Twitter followers are fake, audit reveals
At least half of US President Joe Biden’s 22.3 million followers are fake, an independent audit of the social media platform has found.
On Wednesday, Newsweek reported an analysis using software company SparkToro’s audit tool calculated that 49.3% of Biden’s users are “fake followers.”
According to SparkToro, “fake followers” are “accounts that are unreachable and will not see the account’s tweets (either because they’re spam, bots, propaganda, etc. or because they’re no longer active on Twitter).”
The new information further complicates the deal already in the works to sell Twitter to potential buyer Elon Musk, who has raised questions over the company’s claim that only 5% of users are spam bot accounts.
Responding to Newsweek‘s report Wednesday, Musk remarked, “Interesting,” and added, “So … [checks calculator] … that would be like 10 times more than 5%.”
So … [checks calculator] … that would be like 10 times more than 5%— Elon Musk (@elonmusk) May 18, 2022
On Tuesday, Musk announced the deal was put on hold, tweeting, “My offer was based on Twitter’s SEC filings being accurate. Yesterday, Twitter’s CEO publicly refused to show proof of <5%. This deal cannot move forward until he does.”
20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher.— Elon Musk (@elonmusk) May 17, 2022
My offer was based on Twitter’s SEC filings being accurate.
Yesterday, Twitter’s CEO publicly refused to show proof of <5%.
This deal cannot move forward until he does.
While Musk initially offered to purchase Twitter for $54.20 a share, the company’s stock price has dropped precipitously to $36.84 weeks after the offer.
Replying to Twitter CEO Parag Agrawal’s lengthy thread Monday claiming it’d be impossible to calculate the actual number of bots on the platform, Musk responded with a poop emoji and commented the figures are necessary to market the company to advertisers.
Musk has called on the company to “welcome external validation” of their 5% bot claim.
Newsweek reports the SparkToro tool found as many as 70.2% of Musk’s 93 million followers are also bots.
Report: Yankees cut former 3rd-round draft pick for allegedly stealing teammates’ equipment
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