Jim Rickards channels the Health Ranger: Globalist banks will destroy Bitcoin
by: Ethan Huff
NaturalNews.com
Tuesday, September 12, 2017
The potential for cryptocurrencies like Bitcoin to eventually replace fiat currencies like the dollar and cut the private Federal Reserve out of the picture entirely is an exciting prospect for champions of the free market and decentralized money. But as usual, the powers that be can’t wait to initiate a hostile cryptocurrency takeover, which threatens to eliminate everything that makes them uniquely desirable as a replacement for their fiat counterparts.
The truth of the matter is that, based on recent actions by the Securities and Exchange Commission (SEC), the writing is on the wall for digital money. Those who buy and sell it will have to report their holdings, and the feds could eventually try to seize control of the platform on which cryptocurrencies operate.
“There is every indication that governments, regulators, tax authorities, and the global elite are moving in for the crypto-kill,” reports Zero Hedge, quoting Jim Rickards. “The future of Bitcoin may be a dystopia in which Big Brother controls what’s called ‘the blockchain’ and decides when and how you can buy or sell anything and everything.”
Some might say this represents a type of fear mongering because, surely if the government wanted to rain on the cryptocurrency parade it would have done so by now, right? After all, blockchain technology has been around for nearly a decade, so why would the government suddenly go after it now?
Since the government doesn’t actually create or build anything itself, it has to wait until the free market creates or builds something first before taking it over. In the case of blockchain, the government seems to be watching the technology develop into something fully functional before seizing control over it.
“Governments know they cannot stop blockchain, in fact they don’t want to,” adds Zero Hedge. “What they want is to control it using powers of regulation, taxation, and investigation and ultimately more coercive powers including arrest and imprisonment of individuals who refuse to obey government mandates with regard to blockchain.”
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