7 Financial Scams, Bubbles, and Boondoggles That Are Definitely Nothing Like Cryptocurrency and NFTs

7 Financial Scams, Bubbles, and Boondoggles That Are Definitely Nothing Like Cryptocurrency and NFTs

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Understanding NESARA/GESARA requires a trip through very strange conspiracy territory, and I’d leave it out because it’s too silly if it wasn’t becoming so popular among our nation’s dingbats.

Here goes: Back in the 1990s, Harvey Barnard (who was just some random guy, not an economist or government official) self-published a book where he laid out NESARA, a series of economic proposals designed to make the U.S. economy perfect (dumb crap like returning to a precious metal-backed currency, getting rid of income tax, abolishing compound interest, etc.) He sent the book to members of congress. They didn’t care. Readers didn’t either, so Barnard published his book on the internet. In 2005, he died—that’s where real life ends and the madness begins.

Throughout the 1990s and 2000s, a woman named Dove of Oneness spread the idea that NESARA was passed by congress in a secret session, and would be implemented soon—all debt would be abolished and peace would reign on Earth. Any day now. (I omitted a lot of stuff about aliens, 9/11, “ascended masters,” lizard people, etc., for space) GESARA is the same idea, but for the entire world!

Fast forward to QAnon. In the absence of regular posts from Q, QAnons have embraced a wide range of conspiracy theories, including NESARA/GESARA. Q-people and other kooks who believe in this particular flavor of crazy are (among other things) converting U.S. dollars into Iraqi dinars (a nearly worthless currency outside of Iraq) because they believe GESARA’s imminent enactment will result in a revaluation of the world’s currency—or maybe something else will lead to the re-evaluation. It’s not clear. But it’s happening, and when it does, three million Iraqi Dinar will be worth three million dollars, instead of the $2,000 it’s worth now.

An unrelated story: A considerable number of people on the internet are purchasing and holding shares of GameStop, the brick-and-mortar video game store chain, because they believe the MOASS (the Mother Of All Short Squeezes) is right around the corner, and they’ll get crazy rich if they just hold onto their shares. You see the only thing keeping GameStop’s stock price from hitting like $5,000 a share or more is a coordinated conspiracy between the SEC, hedge fund managers, and reverse vampires to manipulate...you know what? I’m too tired for this. You can try to figure it out if you want.

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