RE: They Have The Balls To Call Bitcoin A "Fraud"!!!! Banksters Fined Heavily Since The Financial Collapse!!!!
Thanks for the thought provoking post. Cryptocurrencies are the "peoples money". Such a revolutionary concept. Here in the US congress originally was responsible for coining, printing and managing the supply of currency, but they abdicated to the pressures of Banksters and ultimately allowed the FED to take the reigns. The magic money pumped into the economies ("quantitative easing") of both the US and the EU eventually found its way into the pockets of the 1% but also fueled the expansion/bubble of the stock market. There was much alarm among libertarians and anarchists alike when monetary growth expanded so exponentially threatening massive inflation. What happened instead was an inflated and expanded stock market and credit reserves within banks with fairly limited inflation of the dollar. However, the foundations of this imperial house of cards are shaking. What we will experience in the next few years is a swarm of small "earthquakes" before the tectonic plates beneath our economy ruptures too violently then the house shall fall. At that time I am not certain how cryptocurrencies shall fare but am inclined to think that after some time of chaos they shall do well. But it will depend upon enlightened thinkers who see the days of evil Empire are at an end and that the age of the sovereign individual has come. Let us hope so. Thats one reason the growing phenomenon of steemit is so valuable. This is the future. This is a spark that may ignite greater freedoms and independent thinking. This is exactly why nations are clamping down. The Chinese people in particular have tasted their first cups of personal freedom and want more. Will they overcome the tyranny of State or will they slip back into a homogenized society meekly bending knees to authority? Unfortunately, for them at least, the past predicts the future: subservience (in my opinion... which I hope is wrong.)