As cryptocurrencies like Bitcoin and Ethereum break into the mainstream of global finance, banks have started to panic, fearing they may be losing control of the world’s currencies as citizens everywhere begin to take back power by investing in digital assets.Cryptocurrency is decentralized, unlike regular fiat, which means it doesn’t require a central bank as payments are transferred person to person.
Up until recently, Bitcoin hadn’t been a viable threat to the US dollar as it was more of an underground currency used online, favored for its speed, security, and anonymity.Over the last few months, however, crypto has gone viral, with values breaking records on an unprecedented level.Now, it seems as though the Rothschild-controlled Federal Reserve has begun to take this threat to their monopoly seriously as news emerges they are developing a new “FedCoin” in an attempt to rival Bitcoin. Infowars reports: We want cryptocurrencies to stay completely independent, and we definitely do not want the Federal Reserve and other global central banks to start creating their own versions.
Because of course once they create their own versions they will want to start restricting the use of any competitors.The one thing that could derail the cryptocurrency revolution faster than anything else would be interference by national governments or global central banks.Unfortunately, now that Bitcoin, Litecoin, Ethereum and other cryptocurrencies are getting so much attention, it is inevitable that the powers that be will make a move.On Monday, the Washington Post published an opinion piece by Professor Campbell R. Harvey of Duke University that was entitled “Bitcoin is big. But Fedcoin is bigger.
” These days, there is an agenda behind virtually everything that the Washington Post publishes, and so it is not just a coincidence that they have published an article with “Fedcoin” in the title. Here is how that article begins… “Over the past few weeks, investors have been flocking to bitcoin, the digital currency whose value has soared by about 2,000 percent in the past year alone.
And while many economists are cautioning against excitement about bitcoin — which is caught up in what may be one of the biggest speculative bubbles in history — it’s important to note just how revolutionary the technology may be.”Indeed, the technology underlying bitcoin could fundamentally change the way we think of money.” Professor Harvey goes on to explain that it is “only a matter of time before paper money is phased out,” and that some version of “Fedcoin” is inevitable.
But it doesn’t have to be.The Federal Reserve and other global central banks could just leave us alone and allow us to create our own currencies.The cryptocurrency revolution is moving along just fine, and there is no need for any sort of interference.
But I have a feeling that the powers that be will eventually manufacture some sort of a “cryptocurrency crisis” if one does not happen naturally.In the aftermath, they will attempt to introduce some version of “Fedcoin,” and many in the general public will be very thankful for the “solution” that the government has provided.
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