Dr Wolff goes off on his podcast about fake currency and bitcoin speculation used to create phony baloney wealth for the upper classes.

Lonnie Yeager
   Richard Wolff is a professor at some pretend school of higher education in New York City.  He hosts,a very unpopular little-listened to program podcast where he attempts to explain to an opioid addicted cub try common themes in Economics and Dr Wolff talked a bit of the Bitcoin explosion and what this is all about on a recent program. He first talked about the power of the banks and the power used by their monopolies to print and create money in this country and Dr Wolff gave a brief history of money in America. Many states issued their own currencies and eventually it was 's agreed upon peacefully and sometimes through our civil war not so non violently who was allowed to print and issue money. Bitcoin sounds like a good practical idea according to Dr Wolff to break the bank and the monopoly enjoyed by the Central bake and the corrupt money global class that after corrupted their own nations have now replicated it in Western national s.

However what is happening with Bitcoin is pure speculation as an investment and Bitcoin has been once again hijacked by those with power and tremendous wealth thanks to capitalism . They are speculating in an asset as they do all of the time driving the price up unnecessary and for it to be out of the reach for the masses to get a knife and part of the pie too and these actions are ruining what was a serious threat to the global finance system and this Dr Richard Wolff finds very depressing nut typical in the cycles and life  of this shifty system called capitalism. The idea of bitcoin and digital fake mining of data and bits into being used as currency is a joke and perhaps the most egregious signal of the phoniness of currencies and wealth that exist in this age.