Federal Reserve CEO, Bernanke Speaks and Bitcoin Swoons

 

Fishy Handshake

Fishy Handshake

As I mentioned in a previous post, the following story bears out those fears presented there. That being that no thought that is beneficial to the common man can stand to survive within the crosshairs of a brutish and self-serving overlord.

I certainly don’t like the development here! Considering Bitcoin manifest itself as the child destined to spill the decrepit money changers from their thrones, this then is a very strange set of bedfellows!

As the Fed surreptitiously seeks to entangle Bitcoin within a ball of regulatory barbed wire until it caves and submits, the Federal Reserve’s looming shadow maneuvers to consume Bitcoin, that instrument that’s been heralded as the savior of the common folk from its clutches. Two weeks ago, when I first began my involvement in this, Bitcoin was valued at around $250. Today, following Bernanke’s cloaked and wily outstretched hand to Bitcoin, its value soared to over $900. I hope it is not what it seems and that Bitcoin founders hold an unseen card up their sleeve, causing the foul wind released into the room from Bernanke to dissipate quickly.

Bitcoin: Hoping for the Best After Bernanke’s Endorsement

By Staff Report – November 22, 2013

The strange convergence of Bernanke, Hayek and Bitcoin … Every time Federal Reserve Chairman Ben Bernanke opens his mouth, the markets move. But few could have guessed that in an offhand remark he would add legitimacy to the Bitcoin, the virtual currency that competes with the American dollar as a reserve currency and an international trading medium. Yet that is what he did when he held out a friendly hand to the notion of fantasy currencies in a letter to the Senate Committee on Homeland Security and Government Affairs. Understandably, this improbable endorsement from the guardian of the mighty dollar sent the value of the Bitcoin soaring. – Reuters

“….Presumably we could discuss forever the occurrence of Bitcoin and its evolution. Was it merely the first evolution of digital currency or was it put in place as a kind psyop to develop a currency that could then be subject to discussion, regulation and enforcement?

Inevitably, we know what we are rooting for, which is the emergence of Bitcoin as a truly untouchable digital currency that finds its own market path without the heavy hand of central bank supervision.

The method that the power elite follows is all too predictable by now. They use false flags to get ahead of a trend and then attempt to steer that economic or sociopolitical trend toward a destination with which they are comfortable.

We need to observe the evolution of Bitcoin further to see if this paradigm is now in place and if it will be utilized elsewhere as electronic currencies gain popularity…..”

FULL STORY: The Daily Bell

I can’t wait for Cody Wilson to introduce Darkwallet, sometime early next year! Hopefully Wilson will knock some of the wind out of the viper’s sails!

Peace, Best Wishes and Hope

Peace, Best Wishes and Hope

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One Response to Federal Reserve CEO, Bernanke Speaks and Bitcoin Swoons

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