The Case for the Bitcoin Cryptocurrency, by J. McG.

The Case for the #Bitcoin Cryptocurrency - @libertycrier

The US Federal Reserve System is the trusted authority that is now losing the trust of the average American and people worldwide. The US Federal Reserve System has been monetizing the debt of the US Federal Government and buying the toxic mortgages being held by major US banks. Debt monetization, quantitative easing, discount window lending, or whatever new name that the Federal Reserve comes up with, it simply means more money printing . This results in price inflation for real things, such as food and gas. Debt monetization is advanced warning that a fiat currency is about to die or a government is about to go bankrupt and renege on its obligations. The US Dollar is a fiat currency just like all the other worldwide central reserve currencies. Fiat currencies have no intrinsic value except the value that is forced by the government upon the people. Sooner or later, all fi...

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