Bitcoin is Threatening the Federal Reserve’s Power
Dear Reader,
Whether you love or hate Bitcoin, the cryptocurrency is threatening the Federal Reserve’s power as we speak. The central banks and governments are having a difficult time regulating and taking control of Bitcoin to keep their stranglehold on power.
Claims in the past about Bitcoin’s potential to remove power from central banks have been fringe ideas. However, since the cryptocurrency has roared back to life in recent weeks on the news of an exponentially expanding trade war, many are seeing the “threat” as a possibility – including those currently in power.
But with politicians now ready to “ban” Bitcoin because it has the real potential of stripping away the power of the banking cartel, the decentralized currency is being discussed as a way to permanently exit the control system the elite globalists have tried to cement in place.
Proving Bitcoin is stripping power from central banks, U.S. Representative Brad Sherman, a Democrat out of California, said this: “An awful lot of our international power comes from the fact that the U.S. dollar is the standard unit of international finance and transactions.”
In his comments, Rep. Sherman further stated that lawmakers must act preemptively to impede the threat posed by cryptocurrencies and thus outlaw their purchase by American citizens. “Clearing through the New York Fed is critical for major oil and other transactions. It is the announced purpose of the supporters of cryptocurrency to take that power away from us, to put us in a position where the most significant sanctions we have against Iran, for example, would become irrelevant.”
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Following Sherman’s attack on Bitcoin and other cryptocurrencies, Anthony Pompliano, a Bitcoin advocate and founder of Morgan Creek Digital Assets, clapped back, saying that any such laws would be “nearly impossible to enforce” – though Sherman is right to be worried and trying to ban it because “Bitcoin will drive more adoption.”
Prohibition never works, and the very fact that politicians know that Bitcoin is taking the power away from central banks is going to be a very good selling point for cryptocurrencies.
Bitcoin’s unregulatable nature has officially struck fear into the hearts of power-hungry elitists. “While many people will claim Brad Sherman doesn’t know what he is talking about, I would argue that his statement highlights that the Congressman knows exactly what is happening,” Pompliano wrote in a blog post. “He sees the increased probability that we are moving to a world where non-sovereign currencies are the default and it sounds like he is scared.”
Sure, laws could be written that ban ownership of Bitcoin, but those laws would amount to ink stains on paper and nothing more because they would be all but impossible to enforce. As the U.S. dollar is in its death throws, Bitcoin is on the doorstep of the Fed with the ability to put the power back in the hands of individuals, making much economic regulation obsolete and impossible.
Welcome to the future!
Best Regards,
James Davis
FutureMoneyTrends.com
Editor’s Note:
In June, I’ll be introducing you to a company that is not only gushing with cash flow, but it is probably going to be one of the biggest benefactors of some of the new technology that blockchain has unleashed. Be ready! You don’t want to miss this venture capitalist profile.
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Wealth Education and Investment Principles Are Hidden From Public Database On Purpose!
Build The Knowledge Base To Set Yourself Up For A Wealthy Retirement and Leverage The Relationships We Are Forming With Proven Small-Cap Management Teams To Hit Grand-Slams!
