In the ‘not so shocking’ news of the day, governments want to regulate and control cryptocurrencies. Even Jamie Dimon, the CEO of JP Morgan Chase, is saying that very soon, governments will have complete control of all cryptocurrencies.
The cryptocurrency “won’t end well,” Dimon told an investor conference in New York last year, as Bloomberg noted, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.” Dimon became the laughing stock of the crypto world when he came out raging against bitcoin and the blockchain.
According to The Free Thought Project, Dimon’s dislike of cryptocurrencies is well known, but he seems to waver a bit here and there on how much he loathes digital currency. On Tuesday, however, he seemed to have changed his mind. During an interview with Fox Business, he left viewers with an ominously cryptic message (pun intended) on how the government will control bitcoin, and said he “regretted” calling bitcoin a “fraud.”
“The blockchain is real. You can have crypto yen and dollars and stuff like that. ICO’s you have to look at individually,” Dimon said in the exclusive interview with FOX Business. However, after he somewhat apologized for slamming bitcoin, Dimon not so subtly hinted that he knows something about the government and how they can grab control of bitcoin. “The bitcoin to me was always what the governments are gonna feel about bitcoin as it gets really big, and I just have a different opinion than other people. I’m not interested that much in the subject at all.”
When asked what he thought about the future of bitcoin during an interview with Fortune, Dimon said, “It doesn’t matter, it’s just not gonna happen,” before claiming that the government will make it illegal and begin jailing people for it. “When the DoJ calls someone up and says that’s an illegal currency and it’s against the laws of the United States and if you do it again—we’re gonna throw you in jail.”
Dimon went on to predict that cryptocurrencies will all be government controlled and if someone uses a currency the government has banned, they will be punished.
“This is troubling. For many reasons,” says Joe Joseph of The Daily Sheeple. “But there’s one in particular that I’m keying in on. And it’s one that you may not have thought about.”
“I gotta tell you,” Joeseph continues. “Cryptocurrency scares me. Not so much the little guys, but the biggies. The Bitcoin. The Ethereum and whatnot. Because once they get too big, they become targets for the government. Not just because it undermines national currency, which thereby…by default, undermines national security, but because it is an untapped form of revenue, that I believe, the government is gonna come out and seize.”
Maybe that seems unlikely, but in the realm of government, nothing is impossible anymore and we have very few actual human rights left at this point.
The good news is that even if governments try to control one currency, others will rise in its place and as long as this widescale collaboration and coordination among blockchain users exist, decentralized money will win. The money changing bankers have had their go at the helm—and we’ve seen the massive death and destruction facilitated by it—now, it’s time for the rest of humanity to have their turn. –The Free Thought Project
I’d much rather have a bowl of hot chicken noodle soup. I’d get more satisfaction out of it.
In the picture above where Bill is looking at the back of Hillary’s head and for the first time notices the branded barcode under her hair piece along with a zipper.
This is why I don’t have Cryptocurrencies.
Me neither but I do have gold and silver buried in the woods.
not too close to the bodies, i hope. 🙂
Those are way on the other side.
Any currency not backed up by a gun is useless.
When the corrupt wall street scum sucking bankers can not rig or manipulate it they get the government to regulate it.
typical of their kind
@ D Y, You are exactly right. When the fourth turning ends it is my fervent hope the Federal Reserve Bank is destroyed.
Got a little silver put back. But, I’d not trade a can of beans for gold or crypto-anything. Precious metals to me are brass and lead. Some ‘rare earths’ and I’m good to go.
All but one…. IOTA
Psychopaths are paranoid. Which accounts for all the spying and control.
The new currency by China is backed by gold and the USA government will have no control of this currency. It goes into effect on the 18th. There are other cyrpo’s emerging and the only the government can counter the problem is create their own type of crypto digital coin and eliminate cash in the USA. I suspect when they start eliminating the $100 dollar bill as they did the $500 dollar bill years ago the process will start. I also think this will happen soon – maybe as soon as in the next six months. They will run a parallel system until cash is no longer available. All transactions will be via a microchip – and the government will sell the idea as to how good it is – but after it is in place you will realize you have lost all of your freedom. A cashless society is on the move – so be aware.
This is the very reason I invested in home freeze driers and dehydrators. Greenhouses with heaters were next. I bout four Harvest Right freeze driers, 4 Cabela’s 160 liter dehydrators and keep them going year around now. I started out with two 10×12 Harbor Freight green houses. I have 6 now. I raise meat rabbits and chickens. My rabbits now number 50 breeding does and one buck to every 5 does. I free range on average of 125 Rhode Island Reds. They keep my freeze driers going 24/7 most of the year. My organic raised bed gardens during the summer and greenhouses through the fall and winter keep my dehydrators full. I grow tomato, squash, okra, peppers, carrots, potatoes, etc. After the produce and meat is cubed and sliced, then dried, it’s vacuum packed in poly bagging with O2 absorbers, then sealed again in gallon size Mylar bags. I’ve started putting up bulk stuff sealed in Mylar then packaged in 5 gallon buckets. If and when this thing we got takes a dump, preserved food will be worth more than all the gold and crypto currency out there.It stores for 25 to 30 years as long as it’s sealed. I double bag it in case it’s rough handled. I keep it stored at remote hidden locations on private property. I feasibly have enough meat and produce preserved and stored to feed a couple hundred people for a minimum of 10 years, and I’m still going… Stocking more away every day. The point is, the government will always control the money. They can’t control home produced foodstuffs that they can’t find. Invest in growing and preserving food. Save a few bucks and buy a back hoe. Build some underground concrete storage lockers. I buy concrete in the off season and pour it into 8 x 10 cellars with the top 2 feet underground with hidden doorways. If you get together with some buddies and pool resources, you can get it done