2 comments on “Putin Postures Against Central Banking Elite, Moves To Create National Cryptocurrency

  1. There’s cryptocurrency and there’s cryptocurrency. At the moment, bitcoin seems to mainly serve speculators seeking to cash in on bitcoin bubbles – it’s not intended to to serve the economic interests of people.

    The only kind of cryptocurrency I support is along the lines of the Fair Coin – created by Catalonian activists who have established a direct democracy governance structure (called Fair Coop) that enables direct popular regulation of the value of fair coins to prevent greedy investors from driving up their value through speculation: https://stuartjeannebramhall.com/2017/06/01/catalonia-economic-reform-from-the-ground-up/

    Based on my observations of Putin, I would say he isn’t a big fan of direct democracy. Thus I seriously doubt this is the type of cryptocurrency he has in mind. What I don’t understand is why he doesn’t simply create his own government controlled currency (as China has done) and quit borrowing from Wall Street banks altogether.

    Liked by 1 person

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