# @gordoncheung on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/Cp6HQsMyOwV
- **Gondola URL:** https://gondola.cc/posts/61440898-gordoncheung-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/f8497c4d21.jpg
- **Posted:** 2023-03-17T23:12:02.000+00:00
- **Account Owner:** Gordon Cheung 張逸斌 (@gordoncheung) — https://gondola.cc/gordoncheung

## Caption

“It is well enough that people of our nation do not understand our banking and monetary system for if they did, I believe there would be a revolution before tomorrow morning.” - attributed to Henry Ford, originally by Charles Binderup, 1937
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Here we go again ‘Money Printer go Brrr…’ as the US banks fail from the FED’s rampant hiking of interest rates and the anti-crypto politicians with the SEC conducting operation chokepoint 2.0 to strangle on and off ramp banks for the crypto industry. It led to the collapse of multiple banks and the contagion domino effect driving other banks in Europe to also beg for bailouts for being too big to fail. 
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‘Fear and Greed’ boxed set of 10 augmented reality prints with smartstamp_com AI and Blockchain authentication (DM for details)
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‘Fear and Greed’ references a stock market index term that quantifies what it believes to be the two main emotions that drive the market. The portfolio explores histories that span over 380 years with the first recorded market bubble and crash called “Tulipomania” that marked the birth of global modern capitalism to today’s mass adoption of blockchain technology epitomised by Bitcoin as a pillar of the Fourth Industrial Revolution.
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Bitcoin was conceptualized after the 2008 financial crisis when the US government printed trillions of dollars in an attempt to resuscitate the economy. The Covid-19 pandemic exacerbated the global recession into what could be a depression, spurring centralised bankers to print money into the trillions, creating a fear of hyperinflation, diluting purchasing power, and leading to an exodus of dollars into other assets — such as Bitcoin. Blockchain, a decentralised ledger system, is what underpins the existence of cryptocurrency, making it near impossible to counterfeit, thus ensuring a highly reliable system of authenticity. In 2021, the traditional financial institutions ‘panic bought’ into Bitcoin, signalling a monetary revolution as they respond to a potential collapse of the dollar and its status as the world reserve currency.
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🚀 #Bitcoin 
#Crypto #blockchain #SatoshiNakomoto #glitch #glitchart #GordonCheung #Tulipmania #GordonCheung

## Stats

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- **Likes:** 241
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## Tags

tulipmania, satoshinakomoto, glitchart, crypto, bitcoin, glitch, gordoncheung, blockchain

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