The regulators are finding themselves increasingly behind the curve in their attempts to capture and regulate the Bitcoin.
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Once more, faith in free enterprise is confirmed. When a crack in the regulatory regimen appears, the free market flourishes.
Nothing is said here about loss of political freedoms. How would one measure those?
We are, in my opinion, long past the stage where a little tweaking, nipping and tucking will suffice to turn off the waterfall of regulations pouring out of Washington. It is going to take turning off the spigot and starving the beast.
You could see this coming from a mile away: big trading loss = call for more regulation.
There are still some who refuse the see the connection between government regulation and job strangulation. This article investigates some examples from history that should remove, finally and forever, any doubt about the connection.
This is pure politics, plain and simple: put it off for as long as possible and then, maybe it will disappear altogether. Or at least until after the next election when the landscape could be altered significantly – in favor of the banks.
It is any wonder that the economy cannot recover? Each regulation is like a 10-pound weight in the saddle bags of a race horse. Not only will they slow the horse down, in sufficient number they will kill the horse.
The fix is in. There is no way Merkel is going to reverse course. She has sold out to the Bilderberger Group and is now dancing to their tune. No, that isn’t quite accurate. She really thinks treason to her country is actually a good thing in the long run. If she’s right, history will say she was a hero, a patriot.
The combination of a huge opaque market (23 times as large as the world’s domestic product!) and the big banks’ willingness to keep the profits but “socialize” their risks is downright frightful. It’s a haystack just waiting for a match!