The dissemination of fear, uncertainty, and doubt, or “FUD,” as it’s commonly known, hurts our investment portfolio. We’re seeing that right now in the cryptocurrency sphere, with bitcoin tumbling below $10,000 and Ethereum barely holding above the $700 level at time of writing.
FUD hurts. But what’s even worse is what I term “medical FUD.” This is the type of FUD that can kill you, and which obviously deserves your utmost attention. After all, what good is making extreme profitability in any investment sector if you’re not around to enjoy it?
As it turns out, medical FUD has all the same core ingredients as financial FUD. In the former case, the pharmaceutical industry, or Big Pharma, spins a tale that is conducive for their benefit. Since publicly-traded pharmaceuticals are inherently volatile, and need to sell the potential of strong revenue streams to keep shareholder interest alive, they by default don’t want to seek a cure; instead, they need a cash cow.
So it is with the FUD with which we’re most accustomed. The central banks and mainstream institutions don’t want you to know the truth about the blockchain and the financial freedom that cryptocurrencies represent. Instead, they sell the FUD to panic out the markets, perhaps to get in at lower prices themselves, but more importantly, to spark participation in the controlled, centralized fiat currency system.
When you panic out of cryptocurrencies, what technically happens? You sell bitcoin or an altcoin for central-banked issued currency, such as the U.S. dollar. That exchange for fiat for crypto sparks a transaction in the central bank’s books, which over multiple processes engenders money velocity. As former Federal Reserve Chair Ben Bernanke demonstrated, you can’t have quantitative easing without money velocity!
Again, it’s an identical playbook with Big Pharma. One of their excruciatingly flawed lies is that salt is bad for you because it can lead to hypertension (high blood pressure), which can then lead to other diseases, and finally, if unmitigated, death.
The cure? Reduce sodium intake.
There’s only one problem – there’s actually no evidence that salt intake is correlated with high blood pressure or diseases associated with hypertension.
Consider that since the early 1990s, salt intake has actually gone down for both American men and women. Yet shockingly, a study reproduced by the National Institute of Health shows that hypertension increased since the 1990s. A more recent study in 2014 conducted by the University of California Berkeley concluded that hypertension is “on the rise.”
Well, folks…we have a problem here. Sodium intake is down since the 1990s, but hypertension is up. Any honest scientific body would eliminate salt as a culprit, and instead, focus on more probable causes – perhaps the prevalence of crappy junk food, anyone?