It COULD be funded with bitcoin, or cash, or rubles, or diamonds, or oil or .....
They are building an excuse to squash any untracable money transfers that the government cannot intercept, track or tax....
Citibank could also be used to finance global jihad.
You guys who were all excited over bitcoin because you were anti-government: the screaming bearded savage jihadis can use it to hide money from the government.
Are you still excited over bitcoin?
It absolutely can be and probably is.
This is a kewel concept but, flies in the face of currency laws in many countries, particularly the U.S. Constitution.
However, if the IRS can seize bitcoin from someone and then turn around and auction it for $16 million they give sanction to a currency that is unlawful.
It’s kinduhh like their Marijuana policy, which is so convoluted and unpredictable.
For this reason I have chosen not to invest in bitcoin.
However, that could change in the next year as companies are, right now, offering employees the option to be paid in bitcoin. At the end of the year they simply 1099 the employee and all with holding is the responsibility of the employee.
That too poses a problem because they create and provide a workspace and environment, which under IRS rules back in the 80’s, makes them an employee and the company has to issue a regular paycheck and then W-2 them at the end of the year.
OK, I’m a bit on the fringe with this, I know, but bitcoin has too much of a
“cashless society, Mark of the Beast” ring to it.
Too easily taken over and controlled by a global government.
I really like the idea of alternative currencies, but not something that exists entirely in cyberspace.
For instance, BitCoin greatly simplifies kidnapping and dramatically reduces the risk of being caught.
A criminal gang can kidnap someone who has a BitCoin address, torture him, then kill him after he discloses the private key codes.
There are no phone calls, no intermediaries, no witnesses, no cash to collect or launder, no gold or jewels to fence.
If the Police cannot link the perps directly to the physical crimes, then the criminals cannot be caught.
There are dozens of possible variations on this same criminal theme.
a related article which references different websites:
Governments not funding “friendly rebels” turned terrorists would go a real long way in their not laundering money.