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>Government to regulate bitcoin -- will ESF next short bitcoin futures? - Chris Powell - GATA
Your analysis is spot on. It is all about the taxes. They are in panic mode trying to keep the bond holders happy. It is the only way to continue adding a trillion plus to the debt mountain each year. They need happy bond holders to keep buying their endless stream of junk, for without them, it all collapses. The Fed cannot be seen to be buying all the debt issued by Treasury (it already buys the lion's share) and so to keep the game going (and themselves reelected) they will continue to turn the screws on us until we are bled dry. They will become ever more intrusive into our financial dealings as their desperation increases. It is not a stretch to imagine that they will try to keep it going by replacing paper entirely with digital dollars. And you can almost guarantee it that they are working on some plan that will require our retirement savings be converted into freshly printed Treasury bills. It will not be over until the greatest transfer of wealth in human history ends with the victims of trickle down economics completely impoverished. If there is a silver lining to this, it would be that upon having exhausted its food supply (us) the vampire (America) will die of starvation.

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Beginning of the headline :By Jeffrey Sparshott The Wall Street Journal Thursday, March 21, 2013 http://online.wsj.com/article/SB1000142412788732437320457837461135112520... The U.S. is applying money-laundering rules to "virtual currencies," amid growing concern that new forms of cash bought on the Internet are being used to fund illicit activities. The move means that firms that issue or exchange the increasingly popular online cash will now be regulated in a similar manner as traditional money-order providers such as We... Read More
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