Cryptocurrency: US Federal Reserve Bleats FUD To Regulate and Preserve Itself, Exposed

[grarpamp]

Federal Reserve (a private secret unaccountable banking conglomerate)
spews yet more FUD propaganda to preserve itself at all costs,
same as it did to create itself in the 1910's...

https://archive.org/details/TheCreatureFromJekyllIslandByG.EdwardGriffin
https://christianobserver.net/documents/creature-from-jekyll-island-by-edward-griffin.pdf

https://en.wikipedia.org/wiki/The_Case_Against_the_Fed
https://en.wikipedia.org/wiki/End_the_Fed
https://en.wikipedia.org/wiki/Criticism_of_the_Federal_Reserve

https://www.youtube.com/watch?v=xWAwK2fHArc No Regulators



Fed Vice Chair Says Crypto Needs Regulation Now
Before It Threatens Stability of Financial System

https://dailyhodl.com/2022/07/10/fed-vice-chair-says-crypto-needs-regulation-now-before-it-threatens-stability-of-financial-system-report/
https://www.cnbc.com/2022/07/08/feds-brainard-says-crypto-needs-regulation-now-before-it-becomes-so-big-that-it-threatens-financial-system.html

   The Vice Chair of the Federal Reserve is reportedly saying that crypto
   regulations need to be enacted now before the digital assets industry
   threatens the stability of the entire financial system.

   According to a new report by CNBC, Fed Vice Chair Lael Brainard says
   that although the digital asset space has the potential to disrupt the
   financial system, she highlights the significance of regulating the
   nascent industry while it is still relatively small.

   “Innovation has the potential to make financial services faster, cheaper
   and more inclusive, and to do so in ways that are native to the digital
   ecosystem.

   It is important that the foundations for sound regulation of the crypto
   financial system be established now before the crypto ecosystem becomes so
   large or interconnected that it might pose risks to the stability of the
   broader financial system.”

   Brainard also says the volatile price of cryptocurrencies are particularly
   troublesome, but notes that the digital asset industry and the traditional
   financial system still aren’t so intertwined where something can’t be
   done now to prevent bigger risks in the future.

   “New technology and financial engineering cannot by themselves convert
   risky assets into safe ones. Despite significant investor losses, the
   crypto financial system does not yet appear to be so large or so
   interconnected with the traditional financial system as to pose a systemic
   risk.

   This is the right time to establish which crypto activities are
   permissible for regulated entities and under what constraints so that
   spillovers to the core financial system remain well contained.”