Re:U.S. Treasury calls for stricter cryptocurrency complianc...
by pessimizer on Thursday May 20, 2021 @02:47PM
(#27225405)
They won't give it up at all, because there's absolutely no reason for them to. The reason they have this power is because they wield force legitimately, not because fiat is special.
[ Parent
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Re:U.S. Treasury calls for stricter cryptocurrency complianc...
by bingbong70 on Thursday May 20, 2021 @03:51PM
(#27226239)
A private organization (central bank) having a monopoly on printing and lending money to your government is acting "legitimately"?
Many that have studied this system would disagree.
Re:U.S. Treasury calls for stricter cryptocurrency complianc...
by dred_prte_rbrts on Thursday May 20, 2021 @07:40PM
(#27228834)
Where did you get the assertion that a central bank is a private organization? What evidence do you have for that?
Re:U.S. Treasury calls for stricter cryptocurrency complianc...
by bingbong70 on Friday May 21, 2021 @06:40AM
(#27232393)
UK and US both have private central banks. This is true for all G8 countries if I remember correctly.
Most income taxes collected in the US/UK go directly to these private organizations.
In many ways slavery in the US was 'abolished' in 1865 then a revised version (aka perpetual debt slavery) was adopted in 1913 at the tail end of the US-China opium trade induced economic boom and expanded by both parties in the decades that followed.
Re:U.S. Treasury calls for stricter cryptocurrency complianc...
by MrMan on Thursday May 20, 2021 @08:58PM
(#27229347)
The us central bank was chartered as an independent entity because policy makers here felt that having the central bank be embedded in the ex3cutive tended to inevitably corrupt the central banks decisions and led to crashes and devaluations and various bad politically motivated outcomes.
Re:U.S. Treasury calls for stricter cryptocurrency complianc...
by Consultant32452 on Thursday May 20, 2021 @03:46PM
(#27226158)
Our nation's ideological self-segregation is proceeding nicely. I don't want to argue with you or change your mind, but I don't want to share a country with you either.