Cryptocurrency: EO6102 - Crypto Banned like Gold and Cash
https://mises.org/power-market/88-years-ago-fdr-banned-gold-will-bitcoin-ban... https://mises.org/library/great-gold-robbery-1933 https://mises.org/library/how-fdr-made-depression-worse https://en.wikisource.org/wiki/Gold_Repeal_Joint_Resolution https://mises.org/library/why-government-hates-cash-0 https://fortune.com/2018/06/12/bank-of-america-gun-sales/ https://nypost.com/2021/02/06/bank-of-america-under-fire-for-helping-feds-in... https://markets.businessinsider.com/currencies/news/janet-yellen-bitcoin-mis... https://www.crowdfundinsider.com/2021/01/171386-ecb-president-christine-laga... https://mises.org/wire/marvin-goodfriend-worst-fed-nominee-all-time https://www.imf.org/external/pubs/ft/fandd/2018/06/central-bank-monetary-pol... https://mises.org/wire/next-generation-currency-wars-private-vs-state-backed... https://www.coindesk.com/crypto-is-banned-in-morocco-but-bitcoin-purchases-a... https://www.bloomberg.com/news/articles/2021-01-12/russia-s-583-billion-rese... Today is the 88th anniversary of Executive Order 6102, signed by President Franklin Delano Roosevelt, "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States." It would be a crime for Americans to hold gold for over forty years when President Gerald Ford reversed the order in 1974. This episode has several lessons for the current financial environment, particularly given the acceleration of tyranny-by-expert rule that has taken over much of the worst this past year. The same playbook is being increasingly used to target Bitcoin and other cryptocurrencies that are beyond the reach of the state.
participants (1)
-
grarpamp