Posted on 02/12/2021 7:10:33 PM PST by Pining_4_TX
The same 21st century that brought us the mass proliferation of Internet usage, is now potentially giving billions of people free market options for money.
Naturally, the political class wants to ruin the fun. On January 19, 2021, Treasury Secretary, right before she was confirmed as Treasury Secretary, floated the idea of cracking down on Bitcoin and cryptocurrencies in the wake of Bitcoin’s meteoric price increase.
Yellen argued last month that lawmakers could potentially “curtail” the use of cryptocurrencies such as Bitcoin because they could potentially be used in illegal activities.
(Excerpt) Read more at libertyconservativenews.com ...
Not sure what the "boomer" part has to do with it, unless it's just another shot at blaming us old folks for everything.
Yeah, terrorists never use cash. And cartels and ISIS never use traditional western banking for dope proceeds and ISIS oil revenues.
Moron. Another affirmative action promotee.
Doesn’t this idiot know cash is laundered through all manner of illicit activities?
She has every right to be worried about cryptocurrencies. They very well could replace the US dollar as the standard of the world. If that were to happen she and the Treasury Department could crank out thousand dollar bills like they were sheets of toilet paper. And they would both be about as valuable.
BUT OF COURSE she did...
Yellen argued last month that lawmakers could potentially “curtail” the use of cryptocurrencies such as Bitcoin because they could potentially be used in illegal activities.
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Was she drunk when she made this argument? Or just stupid.
I don’t know, but I’ve heard, maybe it’s true, that paper currencies such as dollar bills could also potentially be used in illegal activities. I wonder if this is true?
Reissue $100 bills if you want to curb terrorism. They are used much more than cryptos.
She is just afraid of what is happening to the dollar.
Not to worry.
She plans on getting rid of physical currency too.
How about quit sending money to Iran, Palestine and the UN if you want to cut off funding terrorists?
Too late Yanet Jellen... everyone has already realized that the stock market is a money laundering operation.
Looks like they misspelled Bolshevik.
Both start with a B
The only reason why crypto has any value and people want it is because its not controlled by government.
Pot holder calling kettle black and yellling “LOOK OVER THERE and don’t look at us”.
“The financial sector was hit hard Monday following a report alleging that a number of banks — JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon among them — have continued to profit from illicit dealings with disreputable people and criminal networks despite previous warnings from regulators.”
https://www.usnews.com/news/business/articles/2020-09-21/bank-shares-slide-on-reports-of-rampant-money-laundering
“Last week, a set of documents known as the FinCEN files were released, detailing how some of the biggest banks in the world move trillions of dollars in suspicious transactions for suspected terrorists, kleptocrats and drug kingpins. And the U.S. government has failed to stop it. “
“But with the growing use of the Bitcoin network, 42 million Bitcoin wallets and counting, it is becoming increasingly possible to track transactions on public blockchains, while private banking transactions remain hidden in plain sight. “
https://www.forbes.com/sites/tatianakoffman/2020/09/27/the-hidden-truth-behind-money-laundering-banks-and-cryptocurrency/
This will drive cryptos even higher.
I’m a little mystified by the boomer part too.
That said, I doubt that they’re going to have much luck trying to stamp it out. The banks are already working out ways to accept accounts in it, and a business in florida is considering offering its employees the option of payment in Bitcoin.
*out of
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