UBI - Universal Billionaire Income

Politics / Social Issues Aug 30, 2024 - 07:05 AM GMT

Sam Altman in all his glory is paving the way to turn the masses into slaves on the receiving end of a Universal Billionaire Income. Hands outs from the rich! How is he going to do this? By having his very own money printer, world coin crypto currency, where he will plow some of what makes through OpenAI in attempts to buy your obedience, silence and servitude.

This is the world we are heading for, gambling on crypto's under the control of billionaires who will buy your silence with free money, world coin is not in the future, it is here trading right now! Started off by handing out 25 World coins to early adopters, that one buy sell and hold on the click of a mouse.

This is the future for the masses, the rich will get exponentially richer as billionaires turn into trillionaires where they will buy your obedience with free money, imagine the hoards on the payroll of trillionaires tasked with silencing any and all critics, forget about buying the politicians they will buy the whole electorate! We are fast heading towards a totalitarian existence where the ONLY protection you will have is to be as wealthy as possible, else you will be under the direct control of trillionaires Nazis.

There is no such thing as free money, you will pay a price for every free world coin you receive. Evil billionaires will soon become evil trillionaires. Yes it is evil because as I covered before it will devalue human life to the point that humans will become degenerative gamblers speculating on the likes of world coin that they will use to pay for goods and services and where you have gambling you also get an increase in crime to both profit from and service the gambling pandemic. We are already seeing the precursor of what's to come with the crypto's, after all what are crypto's good for? Forget the sales pitches, the reality is the primary function of crypto's is for GAMBLING on the crypto price, why else are any of us holding crypto's other than that we are gambling that the price will go up! Crypto's are NOT an investment they are a GAMBLING! So don't delude yourselves that investing in Bitcoin is a new dawn, no it's gambling that the Bitcoin number goes up!

Is World coin worth a punt?

Tokenomics are supply capped at 10 billion for 15 years then a 1.5% inflation rate kicks in, current circulating supply is 15%, so there is a lot of unlocks in the pipeline, i.e. a near x7 increase in supply. So it is another one of those smoke and mirrors crypto's to give the illusion of a benevolent billionaire when the reality is that it will further enrich and concentrate power in the megalomaniac Sam Altman's hands. Compare this against Bitcoins inflation rate over the same time period of about 10%!

So yes it will pump but as the above chart illustrates the pumps will tend to prove short lived due to bad tokenomics, i.e. it's currently trading at $4.8 vs it's Mid March high of $11.7. All those who bought the FOMO at $10 are down 50% whilst BTC is trading near it's high.

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CONTENTS

Stock Market Trend Forecast
US Stock Market vs M2 Money Supply
AI Stocks Portfolio
Nvidia 10 for 1 Stock Split
AI Computers Hype
2024 - AI Equals Loss of Agency
Why Alien Intelligence Cannot Predict the Future
Consequences of AI
UBI - Universal Billionaire Income
GLOBAL WARMING Housing Market Consequences Right Now
RECESSION When Yield Curve Uninverts
Global Debt Bubble.
IMMIGRATION DRIVES HOUSE PRICES HIGHER
US Housing Market Free Equity
US FIXED MORTGAGES LIMITING SUPPLY
HOA Nightmare
Florida Hurricanes
Rentals Crisis
Who is Buying All the Houses?
Commercial Property Capitulation
US House Prices Momentum
US House Prices Trend Forecast
US Housing Market Stocks
UK General Election - 4th July 2024

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By Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

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