Monday, April 19, 2021

Bitcoin: Revolutionary Money in a Time of Universal Deceit

by Nozomi Hayase, Consortium News:

In the cryptocurrency’s decentralized network, Nozomi Hayase says those who seek to conspire in secret have no place to hide, as Bitcoin aids WikiLeaks’ mission to keep governments transparent and honest.

George Orwell is reputed to have said, “In a time of universal deceit, speaking truth to power is a revolutionary act.” Over a decade ago in the spring of 2010, WikiLeaks burst onto the global stage with the publication of the “Collateral Murder” video that depicted the U.S. military gunning down Iraqi civilians and Reuters journalists on a street in New Baghdad.

“You’d Have To Shut Down The Internet” To Ban Bitcoin, Says SEC’s Hester Peirce

from ZeroHedge:

Any government efforts to ban Bitcoin would be “foolish,” said Hester Peirce (aka “Crypto Mom”), a very Bitcoin-friendly commissioner at the U.S. Securities and Exchange Commission (SEC), during a MarketWatch virtual conference earlier this week, according to Cryptoslate reporter Liam Frost.

“I think we were past that point very early on because you’d have to shut down the Internet,” Peirce said, adding, “I don’t see how you could ban it. You could certainly make the effort. It would be very hard to stop people from [trading Bitcoin]. So I think it would be a foolish thing for the government to try to do that.”

88 YEARS AGO, FDR BANNED GOLD. WILL A BITCOIN BAN BE NEXT?

by Tho Bishop, Mises Institute:

Today is the eighty-eighth anniversary of Executive Order 6102, signed by President Franklin Delano Roosevelt, “forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States.” The order was one of the several disastrous responses to the Great Depression that succeeded in escalating the financial crisis. Later in the year, the US Congress would pass a resolution retroactively supporting the legislation; however, it was the determined autocratic leadership of FDR that made way for these unprecedented measures. It would be a crime for Americans to hold gold for over forty years, until President Gerald Ford reversed the order in 1974.

Bitcoin price surge may be driving up interest in digital yuan, Bank of China says

from RT:

The recent rise of bitcoin could be among the reasons for renewed interest in the Chinese digital yuan project, according to the People’s Bank of China (PBOC). The world’s top crypto, bitcoin, is effectively banned in the country.

Wang Xin, PBOC’s research bureau director, told reporters that market interest in the digital yuan is “very strong and everyone is paying close attention.”

He said, as quoted by CNBC, that “on one hand, this is related to more and more central banks in the world participating in the development of domestic digital currencies. On the other hand, this [interest] may also be related to the large increase in the price of bitcoin.”

Keiser Report | Conspiracy Theories Fill the Ratings Gap Down | Ep 1677

from RT:

TRUTH LIVES on at https://sgtreport.tv/

In the second half, Max interviews John Rubino of DollarCollapse.com about the relative weakness of gold in a time of endless money printing.

New Zealand Fund Invests 5% in Bitcoin— CIO Says You ‘Can’t Really Discount Bitcoin’

by Terence Zimwara, Bitcoin:

A New Zealand hedge fund, NZ Funds Management, which had $350 million worth of assets under management at the end of December 2020, says five percent of its money is invested in bitcoin. According to the firm’s CIO James Grigor, ​bitcoin is also set to be featured in more of its Kiwisaver investment schemes within the next five years.

JMP Securities Expects $1.5 Trillion to Flow Into Bitcoin as Retail Wealth Management Industry Follows Morgan Stanley to Offer BTC to Clients

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by Kevin Helms, Bitcoin:

JMP Securities has predicted that “$1.5 trillion of incremental capital” could flow into bitcoin, an amount greater than the cryptocurrency’s current market cap. The firm sees more wealth management companies following Morgan Stanley’s example to offer bitcoin to their clients. “Around $30 trillion of assets in the U.S. retail wealth management industry currently do not have direct access to bitcoin,” he said.

Veteran Investor Says Governments Are Planning to Totally Outlaw Bitcoin

by Paul Joseph Watson, Summit News:

Cryptocurrency to mimic gold?

Veteran investor Ray Dalio warns that governments across the globe are planning to outlaw Bitcoin because the financial elite cannot tolerate something that they don’t have monopoly control over.

“Every country treasures its monopoly on controlling the supply and demand. They don’t want other monies to be operating or competing,” Dalio told Yahoo Finance.

“So, I think that it would be very likely that you will have it, under a certain set of circumstances, outlawed the way gold was outlawed,” he added.