FAST FIVE: Congressman Wants To Ban Bitcoin Because It Threatens The Fed

Published by on

The problem, he says, is that the US currently gains much of its power from the fact that most international money moves in US dollars, through the Federal Reserve.

“It is the announced purpose of the supporters of cryptocurrency to take that power away from us.

So if this passes, votes in Maine will no longer count – the state's delegates will just automatically be cast for whoever people in the other 49 states choose.

Here's how it works: When a company (often a company that builds oil pipelines) wants your land, they'll petition the government to seize it under eminent domain authority.

Undoubtedly this company is taking advantage of government incompetence and bureaucracy, and they're making a fortune.

Categories: ZH