Bitcoin will Face the Federal Reserve Power sooner or later.steemCreated with Sketch.

in #bitcoin7 years ago (edited)

A brief summary of the history of money in America, so you can see why bitcoin is not where it should be YET.

Battle of Waterloo (1815 )
France was defeated by the Seventh Coalition: ( United Kingdom, Netherlands, Hanover, Nassau, Brunswick, Prussia).

The same bank entity finance both sides of the parties in the war.
Fake news arrived in United Kingdom by a carrier who said that Napoleon won the war. The news spread fast but with a lot of skepticism from congress, however, the most influential bank "take action and withdraw the money out of the country" because according to them; England was doom. Obviously they create a lot of panic. (This is the same bank that finance the war). After this prominent move , other financial entities follow, making the market collapse. Now everything worth very little, and a (private bank start buying).
In a blink of an eye, one private entity / private bank literally owns all the stocks of the market, and that is how everything start!

The same entity came to America, and with a simple argument (that we need a central bank to protect our economy) is how everything started here. But great people saw this trap before it happened and they fought against. To name some of them: President Thomas Jefferson, President Andrew Jackson, President John F. Kennedy.

Anyway, from 1913 Central Bank is not longer a concept, just take a look at the Federal Reserve (a private Bank that has the exclusive power of printing the money of America). No one is allow inside the FED, and when I say no one I mean no one. NoT you, not me, not US citizen, members elected of our congress, the supreme court, the justice of department, the CIA , the DIA, the FBI, not even JOD. Therefore they can control inflation and deflation.
I almost forgot! I.R.S was also created at the same time.
Did you know that 15% of our taxes goes to the debt that this country has with the Federal Reserve?

But, time has change and Bitcoin is more that a cryptocurrency, it is a all new system that treat the old one. Bitcoin is here to free us from slavery, and even though those who represent the old system keep denying and lowering it's profile, it is a huge thing that bothers them because it is a direct treat to they wealthy.

Sooner or Later they will face each other.

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