October 11, 2024

Financials Matter

"It's Not Just About Finance"

Send Lawyers, Guns, and Bitcoins

If you’re old enough to remember Warren (Excitable Boy/Werewolves of London) Zevon, you’ll also remember his 1978 hit song:  Lawyers, Guns and Money.

 

The lyrics are prophetic and pertinent to today’s insanity surrounding Bitcoin and other Cryptocurrencies.

 

We bring this up because if you’re following Bitcoin, you’ll know that it recently traded near $47,000.

 

And last year at this time it was trading at $20,880…that’s over 125% return in one year.

 

Sounds great, right?

 

The Presstitutes (along with crypto junkies) are quick to tell you that it’s not too late to get on the band wagon.

 

But…and this is a very VERY Big Butt…

 

They won’t bring up the fact that if you owned Bitcoin in December 2021 (at $46,300) and didn’t sell it while it tanked down to $20,880 you might only be slightly ahead for the last two years combined.

 

The problem is that most people panic when something falls as fast at Bitcoin, sell for a loss, and never get back in.

 

 

Lawyers, Guns, and

 

 

So, now the $64 Billion question is: “Where’s it going from here?”

 

In our October 2017 edition of “…in Plain English” we featured an article titled “Hidden Secrets Our Government Doesn’t Want You to Know About Bitcoin.”

 

In a nutshell, we warned that the government will eventually come after your “Bitcoins.”

 

We also told you why they will attempt to make it a crime to own Cryptocurrencies.  (HERE)

 

Don’t get me wrong.  You can still make a fortune in cryptocurrencies…but you should know the risks and flaws about them.

One major flaw is the claim that they’re “not hackable.”

That’s an outright lie.

We recently wrote about that.

 

READ: Banksters, Wars, Bitcoin, Corruption, and Vengeance  (HERE).

 

So, if you’re considering jumping in on the Bitcoin Bandwagon, remember the cryptic words of Warren Zevon and see if substituting Bitcoin for money works.

 

I was gambling in Havana, I took a little risk
Send lawyers, guns, and money (Bitcoin)
Dad, get me out of this, hiyah!

 

 

And when Uncle Sam comes after your Bitcoins…

 

 

I’m hiding in Honduras, I’m a desperate man
Send lawyers, guns, and money (Bitcoin)
The sh*t has hit the fan.

 

 

Remember:  Like every other phenomenon, Bitcoin mania is nothing new.

 

But like P.T. Barnum said,

 

“There’s a sucker born every minute.”

 

Don’t be one of them.

 

Instead, learn how NOT to be a victim of Wall Street’s greed and corruption (HERE).

 

Share this with a friend…especially if they think Bitcoin is safe and a “store of value.”

 

They’ll thank YOU later.

 

And tell them:

 

We’re Not Just About Finance

But we use finance to give you hope.

 

************************************

 

 

 

 

 

Invest with confidence.
Sincerely,
James Vincent
The Reverend of Finance
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