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http://www.sovereignman.com/trends/this-is-the-way-theyll-nationalize-gold-12618/
Quote
Nationalizing Gold
August 20, 2013
Rome, Italy
It was just last week in the Land of the Free that a Federal judge declared Bitcoin to be a currency.
And almost immediately after, the SEC announced ‘investigations’ into the digital currency.
(You remember the SEC, the guys who are tasked with protecting the public from dodgy investments… yet they routinely give their blessing to the likes of Madoff, Enron, toxic mortgage bonds, etc.)
This seems to have started a chain reaction.
Yesterday the German government took formal steps to recognize Bitcoin as form of ‘private money’, and subsequently rolled out steps to tax it.
TRUTH: These moves have nothing to do with consumer protection. Or raising tax revenue, for that matter.
What they’re really trying to do is send a clear message– if you use Bitcoin, there will be consequences.
This isn’t even really about Bitcoin. The big picture issue is that governments are scared to death of currency alternatives catching fire.
With so much debt and monetary stress in the global economy, it’s becoming increasingly clear by the day that the current fiat experiment is in serious trouble.
The only reason it still works is because (a) people continue to have confidence in the system, and (b) there really is no mainstream alternative to holding paper currency.
This last fact is paramount. If a viable currency alternative were introduced that became mainstream and popular, governments would no longer be able to perpetrate the fraudulent monetary system. The game would be up.
Consequently, they have a huge incentive to stomp out any currency alternative at the first sign of going mainstream.
Bitcoin is one such currency alternative that has started to creep into the mainstream press. As such, Western governments are now working diligently to eliminate its appeal as quickly as possible....
August 20, 2013
Rome, Italy
It was just last week in the Land of the Free that a Federal judge declared Bitcoin to be a currency.
And almost immediately after, the SEC announced ‘investigations’ into the digital currency.
(You remember the SEC, the guys who are tasked with protecting the public from dodgy investments… yet they routinely give their blessing to the likes of Madoff, Enron, toxic mortgage bonds, etc.)
This seems to have started a chain reaction.
Yesterday the German government took formal steps to recognize Bitcoin as form of ‘private money’, and subsequently rolled out steps to tax it.
TRUTH: These moves have nothing to do with consumer protection. Or raising tax revenue, for that matter.
What they’re really trying to do is send a clear message– if you use Bitcoin, there will be consequences.
This isn’t even really about Bitcoin. The big picture issue is that governments are scared to death of currency alternatives catching fire.
With so much debt and monetary stress in the global economy, it’s becoming increasingly clear by the day that the current fiat experiment is in serious trouble.
The only reason it still works is because (a) people continue to have confidence in the system, and (b) there really is no mainstream alternative to holding paper currency.
This last fact is paramount. If a viable currency alternative were introduced that became mainstream and popular, governments would no longer be able to perpetrate the fraudulent monetary system. The game would be up.
Consequently, they have a huge incentive to stomp out any currency alternative at the first sign of going mainstream.
Bitcoin is one such currency alternative that has started to creep into the mainstream press. As such, Western governments are now working diligently to eliminate its appeal as quickly as possible....
The article then goes on to talk about Gold more and less about Bitcoin...
Still very interesting!
I was talking to Halden about life, the world, and everything that is awesome in it, and he mentioned that he is flipping the world of job hunting upside down, and letting employers find him (with the help of a "finder's fee")!
