Saturday, October 16, 2021

The Great Crypto Crackdown

by Jim Rickards, Daily Reckoning:

It was another bad day for the stock market today. The major indexes were down big on fears of rising Treasury yields (I don’t believe they’ll continue to rise, but that’s a story for a different day).

Are you thinking of parking your money in cryptocurrencies like Bitcoin as an alternative to stocks?

I’m not here to tell anyone what to do with their money, but you might want to think twice…


by Joseph P. Farrell, Giza Death Star:

This one was spotted by P.T., and it’s in that rare “whopper-doozie” category of articles, so we’ll get straight to it: China has just made all crypto-currencies illegal, according to this article from Zero Hedge:

China Declares All Virtual Currency Transactions “Illegal”, Sending Crypto Prices Tumbling

As the article notes, the action comes as part of a concerted campaign under way in Communist China to ban crypto-“currencies”:

China Cracks Down On Cryptocurrencies, All Transactions Now Illegal


by Mish Shedlock, The Street:

China cracks down on cryptocurrencies. What’s it really all about?

Crypto Crackdown

In a statement posted on its website on Friday afternoon, All Cryptocurrencies Transactions Illegal In China.

China’s central bank said all cryptocurrency-related transactions are illegal, reinforcing the country’s tough stance against digital rivals to government-issued money.

‘SEC Will Stop at Nothing to Control Entire Crypto Space,’ Says Former Federal Prosecutor

by Kevin Helms, Bitcoin:

A former federal prosecutor says that the U.S. Securities and Exchange Commission (SEC) “will stop at nothing to control the entire crypto space.” The SEC has now threatened to sue the Nasdaq-listed crypto exchange Coinbase. The regulator is already in an ongoing lawsuit with Ripple Labs and its executives.

‘Good Money’ Day: El Salvador Becomes First Bitcoin Country in the World

from 21st Century Wire:

Today, September 7, 2021, is a landmark day for the future of El Salvador and its people’s financial sovereignty as the tiny Central American country stands tall by becoming the first nation in the world to adopt Bitcoin as a legal currency.

El Salvadorans can now officially use the cryptocurrency instead of dollars and have the legal backing of their home country as they chart a new path towards greater financial freedom from a fiat money system that is centrally controlled and has for far too long controlled them.

Anarchist Bar in Brussels Now Accepts Cryptocurrency

by Lubomir Tassev, Bitcoin:

A bar in Brussels frequented by local anarchists has introduced crypto payments. Bitcoin is the money of the future, say the owners who have recently renovated the place. It is among the first such establishments in the Belgian capital to take coins for pints, they say.

BOMBSHELL UK Data Destroys Entire Premise for Vaccine Push

by Chris Waldburger, Lew Rockwell:

This is an absolute game-changer.

The UK government just reported the following data, tucked away in their report on variants of concern:

Less than a third of delta variant deaths are in the unvaccinated.

Let me say that another way – two-thirds of Delta deaths in the UK are in the jabbed.

To be specific:

From the 1st of February to the 2nd of August, the UK recorded 742 Delta deaths (yes, the dreaded Delta has not taken that much life).