Texas state securities Cease & Desist order against Bitconnect is an effort to limit access to only the Elite

Eventually, the SEC will go after Steemit

So many people have heard the news about Texas state securities placing a cease & desist order against Bitconnect. The Texas state securities has been successful in stirring people into a frenzy against Bitconnect with pitch forks and torches. The problem is that folks don’t understand the underlying problem with what is truly going on here.

I am very passionate about this subject since it affected me directly. I wanted to invest in a startup and was denied. The startup is in full operation now and returns from proceeds of sales after expenses is around 200% annually. It was the “Securities Act of 1933” that prevented me from investing. The minimum investment was $10,000, but to invest, I had to prove that my net worth was over one Million dollars (not including my primary residence). A loss of $10,000 wasn’t going to hurt me, but I could not show my net worth was over one Million dollars. You see, the rich have put in legal measures to prevent most Americans from accessing these good opportunities leaving these opportunities only to the Elite... So that they can get richer

Let’s save the bitconnect discussion for a different blog and examine what is behind this securities endeavor being pushed by the Elite.

The “Securities Act of 1933” was established because of the stock market crash of 1929. The legislation had two main goals: to ensure more transparency in financial statements so investors can make informed decisions about investments; and to establish laws against misrepresentation and fraudulent activities in the securities markets.

Understand that way back in the 1920’s, many people did not have an education. Education or not, access to information to aid in an informed decision sometimes was not made available or was deceitful. The intent of the securities act was to create government overview and require government approval before a company can raise funds. Lack of education or valuable information is not the case today. Education is common and people have an unbelievable wealth of access to information compared to the 1920’s.

So why is the Securities Act of 1933 still around? Somewhere along the way, the Securities act was manipulated to prevent anyone without significant wealth to even be allowed to participate in investing.

Have you heard the saying "rich get richer and the poor get poorer"? Well this is how they do it. The Securities Act of 1933 legally prevents common people from investing and allows only the Elite to participate in the most lucrative investments out there. It makes no difference how much you are informed or how much education and experience you have. It is against the law for you to participate if your net worth is below one million dollars. Is that fair? NO!!!

The underlying issue here is the Elite only want the best opportunities for themselves without any competition. If competition was available, then there would be more investors and gains would be less. The Elite are getting away with it legally. Americans are fooled into believing that government is looking out for their best interest. Now that cryptocurrency is providing an avenue for Americans to invest and grow wealth at the same rate as the wealthy, it has become a threat to the Elite. Now the Elite will have to work harder to find promising investment opportunities and their gains will be less. Bitconnect is a stepping stone for the securities commission. Next it will be other cryptocurrency opportunities. Eventually along the way, it will be Steemit.

The SEC will make criminals out of law abiding citizens
What happens when Steem doubles, triples, quadruples again???? The SEC will attempt to shut down Steemit. Just like Bitconnect, they will not stop Steemit, but instead will make participating for Americans an illegal activity… Unless their individual net worth is over one Million dollars…

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