MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Crypto Assets’

EconomicPolicyJournal.com: Trump’s Signals He May Start Going After Bitcoin

Posted by M. C. on July 12, 2019

The “Crypto” in cryptocurrency once meant privacy from government snooping in our spending habits.

That ship is long gone. Anyone who thinks the government would let that happen better get their prescription changed.

Today’s alternative currencies are much closer to commodities as they are not based on a standard like gold.

Today’s alternative currencies, such as Zuck’s ‘Libra’ are meant to be anything but private. Zuck’s and the government’s goal is to know more about your finances than you do.

The government is becoming ultra protective of the dollar now that Russia, China, Iran, Venezuela and others are looking to purchase oil in something besides the US petro-dollar. Note the similarity to the countries named and the countries with which the US wants to go to war.

https://www.economicpolicyjournal.com/2019/07/trumps-signals-he-may-start-going-after.html

The below seemingly came out of the blue, but really not surprising.

Trump’s controls do not want paper currency competition.

The regulations are coming.

RW

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