Of course they want to reg Bitcoin, because they can’t control it!
somebody please explaim bitcom
Like feudalism, the lords of the manors have to make sure the peasants stay bound to the lords’ lands.
The peasants are indentured by contrived debts and forbidden to acquire their own land or even trade with silver or gold IF they have any.
Bitcoin, like gold or silver, breaks the chains and busts the gate wide open....therefore it must be banned.
National governments should be the creators of money in a public and transparent fashion. The economic reasoning is simple; money needs to be earned by individuals instead of the printed up by them. The transparency of government money creation enables the citizenry to exert political pressure to stop runaway money creation.
Bitcoin creation is algorithmic, which is the right idea, but the algorithm need not be complex. Government should simply maintain a money supply (real currenct, not amounts held “on account”) that in the aggregate is a simple percentage of aggregate national private sector wealth, bearing in mind transaction volume / money velocity if as necessary.
The governments of America and Europe were corrupted by money interests to transfer that role to central banks that were the design of the money interests.
We can see that with America’s “Fed” being the money creator for US dollars, the general public is purposely kept in the dark about exactly how much money the Fed creates. Much more importantly, though, and the real secret of the “money interests” who conspired to create the Federal Reserve, is the control money interests have over governments when governments borrow, and use them as the exclusive brokers of their borrowing.
This is the real strategy of the money interests, to have themselves be the market makers for sovereign debt.
At this point, these money interests basically control the capital markets, i.e., publicly-traded stocks, bonds, commodities, as well as most wealth management for high-net worth individuals.
The only real solution is for citizens to “take back” their own governments from the control of the money interests.
Taking back control of their government will enable them to abolish the Fed and return to the Treasury the role of creating dollars, and doing so in a public fashion.
This will obviate the need for the government to borrow, thus freeing the government from its credit brokers, the money interests.
It’s and easy change to implement, but it’s difficult to get Congress and a President to vote for such a change, because they are mostly either supported by the money interests or they are their closest advisors.
The money interests stir up as much emotion and confusion over this issue in order to obfuscate what they are really doing, which is simply indebting the citizenry through their own government.
The European nations, of course, each need the same solution for themselves.
Once the citizenry take back their government, international trade and finance needs to be brought under control of said government. Right now, international finance controls the government instead of the other way around. And unrestrained international trade enables these “money interests” to grow their power over governments.
Yes, money interests would be new world order, the foundation system, etc.
What is BitCoin?
In Spain, The Bitcoin Run Has Started
http://www.zerohedge.com/news/2013-03-20/spain-bitcoin-run-has-started
ONLY ONE FELLOW IN TEN THOUSAND UNDERSTANDS THE CURRENCY QUESTION, AND WE MEET HIM EVERY DAY. KIN HUBBARD
As quoted in the heading for chapter 15, Prices and Money, of Samuelson's ECONOMICS - 1967 edition.
So Pokeman is fine?
The peasants must not be allowed to create their own solvent currency. They must only be allowed to use the banksters’ currency, so that their wealth can be taken from them.