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The Fed’s Money Creation System Is Fueling One of the Biggest Heists in History

04/12/2019 by Idelto Editor

The Fed's Money Creation System Fuels One of the Biggest Heists in History

Since mid-September, the Federal Reserve has injected three trillion U.S. dollars into the hands of private banks and Wall Street. Despite the fact that massive amounts of money was created out of thin air, the central bank still believes repurchase agreements (repos) are needed to tame the turbulent economy. Nearly every day the Federal Reserve Bank of New York gives primary lenders billions of dollars. Like clockwork on Tuesday, December 3, the entity introduced another $95.56 billion to private institutions.

Also read: Despite St. Louis Branch Warnings, New York Fed Pumps $108 Billion Into US Economy

The Fed Created $3 Trillion Dollars for Private Banks and Continues to Create More

Around two and a half months ago, the U.S. Federal Reserve cut interest rates and started creating massive amounts of money using repo operations because of a so-called short-term lending crunch. It started on September 17 at 10 a.m. with a massive $53 billion repo, which was accepted by the NY Fed. The following day, the Fed pumped another $75 billion into private financial markets claiming an “unusually high demand for cash.” When it all started, the Fed made sure to inform the press the move wasn’t another form of quantitative easing (QE). The last time the central bank cut rates and initiated colossal repurchase agreements was 10 years ago after the 2008 financial crisis. Beth Hammack, the Goldman Sachs Group treasurer, told the Wall Street Journal that the “market will be waiting to see if the Fed makes this a more permanent part of the playbook.”

The Fed's Money Creation System Is Fueling One of the Biggest Heists in History
A number of economists believe the financial crisis stems from the Federal Reserve’s money creation tactics.

So far it has continued and a mountainous $3 trillion dollars later, the Fed has continued to gift the private banks. A recent video published by Youtuber “The Hated One” reveals how the Fed creates free money for big banks by explaining the subject in great detail. The video emphasizes that private lenders the Fed deals with are either short on reserves or can’t pay their taxes. Now when ordinary folk are short on dough, the banks will repossess their items or foreclose their mortgage. The Hated One underlines the fact that if an average Joe can’t pay their taxes, the IRS will surely come knocking and possibly toss tax offenders in a cage. But the film also highlights that in contrast, when these issues arise for bankers, the fat cats get $3 trillion dollars in freshly created fiat. While all these funds are being distributed by the Fed on a daily basis, the narrator remarks:

GDP growth is slowing down, inflation rates are teetering, U.S. manufacturing is shrinking, Treasury yields are irreversibly going down, wages are stagnant, the Federal Reserve is lowering interest rates, household prices are rising as all the strong identifiers of an economic downturn are pointing in the same direction. But somehow earnings of the top 1% and stock prices are going up.

The Fed's Money Creation System Is Fueling One of the Biggest Heists in History
Top 1% earnings and the U.S. stock market continue to rise despite the warning signs of an economic crisis.

The video goes on to detail how the entire economy is rigged against working-class citizens and a true free market in order “to favor speculators and their currency manipulation.” After the stimulus injections are given to certain financial entities, common people can gain access to these funds in the form of loans and by accruing more debt. Even though the same financial incumbents were seemingly broke or couldn’t pay their taxes, they are more than willing to lend the freshly created dollars with interest. As the money supply grows with daily creation, massive amounts of emerging funds typically eat away at an ordinary citizen’s purchasing power.

The Fed's Money Creation System Is Fueling One of the Biggest Heists in History
Purchasing power of the U.S dollar: (1913-2019) The USD has lost more than 95% of its value since 1913.

‘Inflation Is Legalized Robbery’

A great number of economists call state-induced inflation “legalized robbery” that’s likely more damaging than taxes. In 2006, the Future of Freedom Foundation author Gregory Bresiger gave his readers a “proper understanding of what inflation is.” “[Inflation] is the debasement of fiat currency through the overprinting of money without any stated limits — there is only one party responsible: the government’s banking authority.”

The Fed's Money Creation System Is Fueling One of the Biggest Heists in History

Bresiger and other economists have stressed that the victim is the average citizen who is required by law to follow legal-tender guidelines. Taxation is far more noticeable than inflation and a majority of people don’t notice the silent robbery of purchasing power until years later. This is usually when they reminisce about the cost of a loaf of bread compared to today’s prices. Central banks like the Fed act like inflation is ‘natural,’ but in fact the banking authority behind legal tender is the root cause of cost-push inflation. In Bresiger’s opinion, this fact highlights that “inflation is a tax, because only the government creates money.” Bresiger adds:

You don’t see the costs of inflation listed on a pay stub but its fearsome power eats away at your income. It is the sneakiest tax because most Americans don’t understand who or what causes it and why. Therefore, I believe, inflation is the greatest, most effective, form of robbery in history.

Tools That Allow Individuals to Opt Out of the Manipulated Monetary Game

Free market advocates, cryptocurrency proponents, Austrian economists and people who are tired of the manipulation understand the state and the country’s banking authority ignores private property rights and confiscates the average citizen’s wealth arbitrarily. Much like the American rally cry that there is no “taxation without representation,” freedom activists believe there should be no “inflation without representation.” There is zero representation when it comes to inflation in the U.S. and the central bank makes monetary choices without any accountability. Even with the repurchase agreements shown on the balance sheet, the Fed has been accused of creating way more money than what’s written in the books. 2013 reports indicate that the Fed created $9 trillion dollars of “off-balance-sheet” money and they don’t have a clue where the money went.

The Fed's Money Creation System Is Fueling One of the Biggest Heists in History
Learn how you can avoid the manipulated monetary system here with tools like cryptocurrencies.

When the NY Fed gave $95.56 billion to private institutions on Tuesday, only private members of the Fed board were in charge of monetary policy-making. No ordinary American citizen had any say in the stimulus injection and they will never get to vote on the most important part of society. However, strong believers in laissez-faire wholeheartedly believe that there are tools that can be used to combat the banking authority’s system through counter-economics. Tools like cryptocurrencies, precious metals, and participating in barter and trade allow individuals to remove themselves from state-induced inflation, taxation without representation, never-ending wars, and the intrusive surveillance of people’s monetary affairs.

What do you think about the Fed creating money for private banks? Do you think this helps the economy and the average citizen? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, Fed Logo, Wiki Commons, The Hated One, Goldbroker.com, and Pixabay.


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The post The Fed’s Money Creation System Is Fueling One of the Biggest Heists in History appeared first on Bitcoin News.

Filed Under: Average Citizens, Bail Outs, barter trade, Bitcoin, Bitcoin Cash, counter-economic currency, cryptocurrency, Economics, English, Fed, Federal Reserve, money, Money Printing, News Bitcoin, Ordinary People, Precious Metals, private banks, Wall Street

Nexinter – Profit Sharing Crypto Exchange

18/11/2019 by Idelto Editor

Nexinter - Profit Sharing Crypto Exchange

Nexinter launch as the first profit sharing fiat-crypto and custodian exchange in the world.

Today, Nexinter, the digital fiat-crypto and custodian exchange, has announced that it will be the first profit sharing digital exchange in the world. 75% of the Nexinter’s profits from any operation or revenue stream on the platform will be returned to the community in a reward system.

There will be two components that determine the reward to the community: time and volume. The time reward component will be active in 2020, and the more days an individual is active on the Nexinter Exchange, the higher the reward, thus benefiting early adopters. From 2020, the reward volume will come into effect. 60% of the profits generated will be rewards to users based on their volume pro rata. This will not depend on when they signed up but the volume the individual has generated on the platform throughout the year. After 2020, the whole 75% of the profits will be committed to the Volume Reward Fund as the Time Reward Component ends.

Daniele Mensi, CEO of Nexthash Group, commented: ‘This announcement is a huge step forward for us, the market, and the global financial arena. With more institutional and retail investors becoming disenfranchised by the current reward systems, we are introducing a new way of conducting sustainable business whilst rewarding the community, that is the main controbutor of growth. We hope other actors, particularly in the traditional and fintech space, learn from our lead and work together with us to provide an inclusive environment for all. The paradigm shift we are introducing is to reward the community regardless of their performance towards markets, that is a key driver of a brand-new sustainable open growth.”

Nexinter has lately launched their fully compliant NIXT growth token on top of bitcoin cash network to drive truly engagement interactions with its community and has lately announced the structuring of digital securities offering for their clients.

Contact Email Address
[email protected]

Supporting Link
https://nexthash.com/

The post Nexinter – Profit Sharing Crypto Exchange appeared first on Bitcoin News.

Filed Under: BCH, Bitcoin Cash, Bitcoin Cash Network, ceo, crypto-to-crypto, Daniele Mensi, digital exchange, digital securities, English, News Bitcoin, Nexinter, Nexthash Group, NIXT, Press release, profit sharing, Reward System, Securities, trading, Volume Reward Fund

Cred Merchant Solutions to Help Unbanked Business Sectors

03/11/2019 by Idelto Editor

Cred Merchant Solutions to Help Unbanked Sectors Like California’s Cannabis Industry

Cred Merchant Solutions has been unveiled in Emeryville during San Francisco Blockchain Week in an event hosting several California elected officials. The new point-of-sale system will help unbanked business sectors, such as California’s cannabis industry, accept crypto payments from customers and pay taxes.

Also Read: Video: Will Bitcoin Crash or Double in Price After the Halving? Miners Have Their Say

Cred Merchant Solutions Debut

The Universal Protocol Alliance (UPA) and Cred have held a private event at the Ohana Cannabis Dispensary in Emeryville, California, on Wednesday, October 30 to celebrate San Francisco Blockchain Week.

Dan Schatt, Cred CEO and co-founder, unveiled during the event the new Cred Merchant Solutions, a point-of-sale handheld terminal that supports the unbanked, underbanked and poorly banked around the world. The Android-based terminal will be deployed to businesses at cost and help them quickly pay taxes, dramatically lower transaction fees and reinvest money back into the business.

Cred Merchant Solutions converts a customer’s payment in crypto that is then loaned out to businesses around the world, while merchants instantly get the cash sales equivalent and governments get their share of the taxes, Schatt explained to an audience of about 100 attendees at the event. The new system is said to be faster than Square, fairer than Visa and friendlier than Chase. With it, customers are able to pay the way they want, merchants can use it to earn, borrow and save, and local governments will receive real-time tax revenue.

Cred Merchant Solutions to Help Unbanked Business Sectors
San Francisco Bay Area

Based in the San Francisco Bay Area, Cred is a decentralized banking platform serving customers in 179 countries with over $300 million in lending capital. It offers interest rates on more than 30 crypto and fiat currencies through its partner network. Cred was founded by former Paypal veterans with the mission of allowing everyone to benefit from low-cost credit products.

The Universal Protocol Alliance is a group of like-minded cryptocurrency companies and blockchain organizations that want to connect different digital assets in a single network. The alliance members include Bittrex, Brave, Certik, Omisego, Blockchain at Berkeley, Uphold, and Cred. The group has issued the Universal Dollar (UPUSD), the first stablecoin to be listed on Uphold. Every UPUSD is backed by the U.S. dollar and coins are minted on-chain with every transaction written to Ethereum.

California to Lead US in Crypto Payments

Cred’s Taking Crypto to a New High event drew in local elected representatives, such as Emeryville Mayor Ally Medina, Berkeley Mayor Jesse Arreguín, and Berkeley Council member Ben Bartlett. This is because Cred Merchant Solutions will help support business sectors underserved by banks, like the $2 billion+ a year California cannabis industry.

U.S. federal banking regulations currently deem cannabis sales as illegal activities, which causes dispensaries to lack access to traditional banking and leaves them exposed to extra security risks. Despite this, the industry has continued to grow steadily and local companies need dependable access to financial services. In fact, sales in California represented about 34% of legal sales in the United States last year.

Cred Merchant Solutions to Help Unbanked Sectors Like California’s Cannabis Industry
California Marijuana Dispensary

Cannabis stores in California sold about $2.5 billion worth of products in 2018 alone. This is compared to just $1.5 billion in Colorado’s cannabis market, $1 billion in Washington, and $0.6 billion in Oregon. The authorities have enjoyed the growth in the sector too as the first quarter of 2018 brought in $60.9 million of tax revenues, the second $80.2 million, the third $100.8, and the fourth $111.9 million. This tax revenue is only expected to increase as the cannabis market in California is projected to jump to $7.7 billion by 2022 due to the opening of the recreational market.

Berkeley’s Bartlett also announced that he’s sponsoring a city plan to let businesses deploy Cred Merchant Solutions for tax collections and that he will work to enact similar legislation statewide so that California serves as a harbinger for others on tackling the problem of cash-intensive businesses. “What’s missing is money. When 70% of these operators are unbanked, we’re missing the money,” Bartlett said. “One way we can ease the burden amongst these companies is to alleviate their burden, achieve safety, and receive tax revenue for the city.”

California is home to innovative startups, technology companies and many entrepreneurs in Silicon Valley and beyond. As such it should not be surprising that it will lead the adoption of cryptocurrency payments in the U.S. In September we reported that Bartlett became the first elected official to purchase cannabis using a digital asset. He utilized bitcoin cash (BCH) and Cred’s LBA token to facilitate the transaction at the Ohana Cannabis dispensary in Emeryville.

What do you think about using crypto to pay for legal cannabis in California? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


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The post Cred Merchant Solutions to Help Unbanked Business Sectors appeared first on Bitcoin News.

Filed Under: BCH, Berkeley, Bitcoin Cash, california, cannabis, Cred, Emeryville, English, marijuana, Merchant Solutions, News Bitcoin, San Francisco, Services, Universal Protocol Alliance

CME Group Publishes Bitcoin Options Specifications

02/11/2019 by Idelto Editor

CME Group Publishes Bitcoin Options Specifications

In mid-September, the foreign exchange company CME Group announced the launch of options on its bitcoin futures contracts in Q1 2020, pending regulatory review. CME Group executive Tim McCourt said there was “increasing client demand” for the firm’s bitcoin derivatives and now the company has published specifications for the options products.

Also Read: French Ministry of Education Publishes Bitcoin Resource Guide for Educators

CME Group’s Bitcoin Options

The global markets company CME Group has provided clients with the ability to hedge or trade benchmark options on futures across nearly every asset class. The firm has an average daily volume of $4.3 million this year and aims to offer options on bitcoin futures so investors can have a variety of different methods to trade the asset. When CME announced the launch of bitcoin options, McCourt detailed that the new product will provide “clients with additional flexibility to trade and hedge their bitcoin price risk.” This week, following Bakkt’s recent volume surges, CME published the preliminary contract specifications for the options. Price values will be based on the CME CF Bitcoin Reference Rate (BRR) which is determined by a variety of major crypto exchanges.

CME Group Publishes Bitcoin Options Specifications
CME’s bitcoin futures volume and open interest on 10/28/19.

The contract unit will consist of one bitcoin futures contract, which is approximately five BTC quoted in USD. There’s a minimum price fluctuation and the listing cycle will mirror the firm’s bitcoin futures exposure. CME’s bitcoin options on futures will be traded between Sunday through Friday on Globex and Clearport. The company notes that the BTC options product is subject to revision and review by financial regulators. “We’re working to launch options on those futures,” McCourt said to crypto analyst Benjamin Pirus in a recent interview. “The option on the bitcoin future will give the holder of that option, either a put or a call, the right — but not necessarily the obligation, to either purchase or sell the underlying futures contracts at maturity.” McCourt further stressed:

It’s very similar to the way other options in the marketplace work. The difference here is the underlying, or the deliverable, of the options contract, is a CME Group bitcoin future.

CME Group Publishes Bitcoin Options Specifications
CME Group’s bitcoin futures volume at 11 a.m. EST on 11/2/19

Is Bitcoin Being ‘Tamed’ Like a Traditional Investment?

Bakkt’s physically-delivered bitcoin futures product has been getting a lot of fanfare lately after the exchange topped a few new records and CEO Kelly Loeffler announced Bakkt will be offering options on bitcoin futures as well. Despite the all-time highs at the Bakkt warehouse, CME Group’s BTC derivatives have seen much more volume. CME’s Globex saw 7,242 bitcoin futures contracts on October 28 and 3,284 in open interest. The following days on Globex through November 1, contracts were between 2,200 and 3,687. November’s CME bitcoin futures contracts today stand at 2,641 contracts and December positions are starting to pile up as well.

CME Group Publishes Bitcoin Options Specifications

The crypto derivatives markets and products have matured a great deal since they launched and it’s been a touch less than two years since CME launched its BTC-based futures. At the time, the company’s chairman emeritus Leo Melamed told Reuters in an interview that adding BTC futures was a “very important step for bitcoin’s history.” Melamed added that he believed institutional investors would be very interested in the new asset class. “We will regulate, make bitcoin not wild, nor wilder. We’ll tame it into a regular type instrument of trade with rules.” Since then a slew of different companies have offered bitcoin-based derivatives products and futures are coming to other cryptocurrencies like ETH and BCH as well. Reports detail that BCH futures are expected to debut on a CFTC-regulated exchange in Q1 2020.

What do you think about CME’s bitcoin options specifications? How do you feel about the overall growth of crypto-based derivatives? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, CME Group, Bitcoin Futures Volume Globex, and Pixabay.


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The post CME Group Publishes Bitcoin Options Specifications appeared first on Bitcoin News.

Filed Under: Bakkt, Bakkt Bitcoin Futures, BCH, Bitcoin, Bitcoin Cash, bitcoin options, Bitcoin Reference Rate, BTC, CME Group, CME Group Open Interest, CME Group Volume, English, equities, ETH, Ethereum, Finance, Forex Market, Futures, Kelly Loeffler, Leo Melamed, News Bitcoin, physically delivered Bitcoin futures, Tim McCourt

Andrew Yang’s ‘Freedom Dividend’ Is Not Only Unnecessary, It’s Unethical

02/11/2019 by Idelto Editor

Andrew Yang’s 'Freedom Dividend' Plan Is Not Only Unnecessary, It’s Unethical

Andrew Yang has taken to Twitter in dynamic fashion as of late, advertising his universal basic income (UBI) proposal known as the “Freedom Dividend.” While throwing money at people out of pocket always generates a buzz, there’s a mathematically and ethically broken side to the plan few are talking about.

Also Read: Do You Know the Newspeak of the Looming ‘NIRP’ Economic Meltdown?

A Real-Life Political Cartoon

Not so long ago people used to joke about the typical shyster politician and their larger than life campaign promises. Wisecracks about the next White House wannabe centered around grease-ball politicians literally throwing money at voters to buy their support. Well now, under the guise of a hip new presidential campaign, the money throwing is actually happening. To critique Andrew Yang is no easy task, given the understandable and dynamic support he’s received against the backdrop of a totally corrupt and greedy political and financial system. It stands to ask, though: Is he really set to change things? Upon closer examination, UBI is little more than an inept and unethical ploy for socioeconomic power.

If it feels this good to give 10 Americans $1,000 a month imagine how it will feel to do the same for hundreds of millions of us. It will be one of the greatest days in human history.

— Andrew Yang🧢 (@AndrewYang) November 1, 2019

Generous (With Other People’s Money)

Math. It’s a discipline unlike others for its exact answers and lack of room for debate. One plus one is two. There’s not much dissent possible here, outside of the occasional stoner drum circle or deep metaphysical fireside discussion. Nothing wrong with either, of course, but this is just to lay the groundwork for an argument. Namely, that one cannot give away value one doesn’t have. While Yang is currently giving a “Freedom Dividend of $1,000 a month for an entire year to 10 American families” out of his own pocket, once in office that money set to “do the same for hundreds of millions of us” will come from your pockets.

Andrew Yang’s 'Freedom Dividend' Is Not Only Unnecessary, It’s Unethical
UBI: something doesn’t add up.

Mixed Up Math

Yang’s campaign website lays out the groundwork for his proposed “Freedom Dividend.” While a dividend is usually defined as a share of profits paid out to shareholders, Yang’s “dividend” will be made possible “by consolidating some welfare programs and implementing a Value Added Tax of 10 percent.” Not exactly a share of profits as much as money pulled from the pockets of Americans, but for the sake of argument, that will do for now. In assuaging fears of inflation, negative economic impact and even incoming communism, Yang maintains on the site:

The federal government recently printed $4 trillion for bank bailouts in its quantitative easing program with no inflation.

This assessment is massively dishonest, and if not, massively ignorant of basic economic realities. It ignores math, in other words. There are many types of inflation and some of the most pernicious hide beneath the surface of popular reference. While consumer price index inflation (CPI) may appear almost unaffected during some periods of quantitative easing (QE) due to a mix of market factors (including the psychological aspect of consumer confidence), asset price inflation is the real trigger for more serious problems. In other words, even as the debt racket of modern government paper spirals out of control, if the people are confident in their money and the state’s reassurance of its value, CPI may stay relatively stable, and businesses will be unable to increase prices due to this psychology and other factors such as healthy, corrective deflation.

Andrew Yang’s 'Freedom Dividend' Is Not Only Unnecessary, It’s Unethical
Source: St. Louis Fed, realinvestmentadvice.com

While Yang claims the printing of $4 trillion for bailouts caused “no inflation” the housing and asset market is calling BS in unprecedented and truly frightening fashion. If a house was worth $200,000 five years ago, and now is worth $300,000, this doesn’t necessarily mean the house changed, or that the property became legitimately more valuable. What it often means is that the dollar became significantly weaker against the asset. As these asset prices are thus inflated, banks are able to give out bigger and bigger loans against the asset collateral. Once the jig is up, the bubble bursts and the tumble down is severe, with collateral value no longer covering loans. The graph above shows just how dramatically this buildup is happening currently, with asset inflation signaled by U.S. household net worth against GDP at an all-time-high since 1952 of 535%.

Andrew Yang’s 'Freedom Dividend' Is Not Only Unnecessary, It’s Unethical

Stolen Generosity

Not only is Yang’s proposition economically unsound, it’s also morally objectionable. This is a hard pill to swallow for many hopeful millennials and Yang gang supporters of all ages, tired of scraping by and struggling in the current corrupt, Keynesian paradigm. That notwithstanding, Yang’s “Forward” is no different from the vague and vapid “Hope,” Change,” or “I’m a better man” of previous candidates.

To pay the Freedom Dividend, Yang proposes you be robbed. Business owners not wishing to apply his suggested VAT would be punished for refusal. Consumers not wishing to pay it, as well. It’s an unpleasant reality, but there’s no way to put it more accurately. Yang explains:

A Value Added Tax (VAT) is a tax on the production of goods or services a business produces. It is a fair tax and it makes it much harder for large corporations, who are experts at hiding profits and income, to avoid paying their fair share.

Many are unsure of what Andrew Yang’s fair share of their income should be. If I similarly were forced to pay every neighbor I have a portion of my paycheck because 15 or 20 of them said I must, or be put in a cage, people would be understandably scandalized by the sociopathic suggestion. But if the theft is euphemized as a “Freedom Dividend” it’s suddenly made much more palatable to the masses. While some maintain taxation is a necessary evil for preserving civilization, this position is illogical. There’s nothing civil about stealing from anyone under threat of violence, and a social need doesn’t justify criminal activity, anyway. If it did, the folks in the U.S. during the plantation slavery era would have been correct in their protests against abolition: “But who will pick the cotton!?”

Andrew Yang’s 'Freedom Dividend' Is Not Only Unnecessary, It’s Unethical

Bitcoin’s Fix

Leaving Andrew Yang’s universe for a moment, it seems important to address crypto as a potential solution for the current political corruption he supposedly stands against. A recent opinion piece in the Washington Post proclaims: “Facebook’s cryptocurrency won’t help the poor access banks. Here’s what would.” The piece goes on to detail the impossibility of Facebook’s upcoming Libra cryptocurrency actually helping the unbanked of the world, due to government regulations. The article un-ironically closes by suggesting that the very same overbearing government is the solution, stating: “It’s true that financial inclusion would help millions of Americans and benefit the economy. But it can be achieved through time-tested and democratic institutions. In fact, the United States already has a public payments system: the Federal Reserve.”

What so few in the space seem to realize about crypto is that the potential for banking the unbanked, pulling people out of poverty, and enabling savings and the building of wealth for the average individual is already here. The state stands in the way with endless surveillance, KYC/AML requirements, taxes and capital controls, so it happens in the regulatory cracks, at present.

Instead of a $1,000 monthly paycheck in trash money, why not drop all restrictions on trade and allow people to grow their wealth and businesses independently? If we’re worried that criminal warlords and kingpins would take over, just look around — they already have. It is precisely because of the illogical centralization of power and lack of a logical, level playing field that a candidate like Yang can gain any prominence at all. In a free society — and no offense here to Yang personally — he’d likely be known as just a common con artist.

What are your thoughts on Yang’s proposed UBI? Let us know in the comments section below.

OP-ed disclaimer: This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Readers should do their own due diligence before taking any actions related to the content. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information in this Op-ed article.


Images courtesy of Shutterstock, Eric Glenn, Fair Use.


Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.

The post Andrew Yang’s ‘Freedom Dividend’ Is Not Only Unnecessary, It’s Unethical appeared first on Bitcoin News.

Filed Under: Anarchism, andrew yang, BCH, Bitcoin, Bitcoin Cash, crypto, cryptocurrency, Economics, English, Freedom Dividend, Government, Negative Interest Rates, News Bitcoin, Op-ed, QE, quantitative easing, Regulations, UBI, Universal Basic Income, Voluntaryism

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  • Cryptocurrency Exchanges Are Fighting to Escape Binance’s Shadow
  • Onecoin Websites Suspended as the $4 Billion Ponzi Crumbles
  • Video: Justin S. Wales on How the First Amendment Protects Bitcoin
  • The Fed’s Money Creation System Is Fueling One of the Biggest Heists in History
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