We're sharpening our digital tools!Introducing our sleek and powerful new video player for an even better viewing experience.Share your thoughts!




  1. You do look a little confused Del. Im with the French Vive La french . Even I can tell thats sounds shady what she is saying .Government decides all. Great watching the unity of the french. She seems a bit senior to be doing such a job.

  2. Bitcoin cannot be controlled because it is decentralized and proof of work, other crypto currencies are centralized and proof of stake so if you have enough you can control that particular cryptocurrency.

    Code Is Protected Speech

    Bitcoin is simply computer code.Regulatory Clarity Already Exists

    The US government has defined Bitcoin as a commodity and property.

    The IRS, the SEC, the CFTC, and other federal agencies have given Bitcoin clear regulatory and tax frameworks.

    That’s helped many large US businesses get into Bitcoin, including many large financial institutions. Reversing these guidelines would generate significant pushback and be challenging—but not impossible—to implement.

    Reason #3: Banning Bitcoin Is Impractical

    Government bans may restrict something, but they cannot make something valuable and desired by many people go away by passing a law.

    Consider governments in Argentina, Venezuela, and numerous other countries that have laws restricting their citizens from accessing US dollars.

    However, these laws have little effect on their citizens’ desire and ability to use them. Instead, these actions create a thriving black market or, more accurately, a free market.

    Similarly, consider how successful governments have been in prohibiting cannabis over the decades. Despite their best efforts, cannabis has always been available in most big cities.

    Trying to enforce a prohibition on something digital and borderless like Bitcoin is entirely impractical. Bitcoin would be far more challenging for governments to ban than US dollars or a plant.

    Even if it were practical to ban Bitcoin, it’s already too late.

    There’s a critical mass of Bitcoin advocates among large corporations, politicians, and regular people.

    They bring all of their lawyers, lobbyist, and political connections to potentially advocate for Bitcoin. That’s a lot of political firepower. And their numbers are only growing.

    According to a survey from NYDIG, 46 million Americans own Bitcoin. That’s around 22% of all adults in the US.

    Supporting a ban on Bitcoin means going against tens of millions of Americans—no small number are wealthy, powerful, and well-connected.

    In short, outlawing Bitcoin will not help anyone win an election.

    Bitcoin has already reached escape velocity. In other words, it’s too politically popular to outlaw, and every day it gets stronger as adoption grows.

Leave a Reply

Leave a Reply

Investment banker and Economist, Catherine Austin-Fitts gives her insight into the current volatility in the global banking system she describes as, “Financial Warfare,” giving insight in the wake of the Silicon Valley and First Republic Banks federal bailouts.