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Think of all these things that crypto is up against, it is nothing short of stunning that crypto is winning

All Cryptocurrencies

by COINS NEWS 90 Views

Think of all the organizations that have a bone to pick with crypto, and the massive tools that these organizations have.

All of government have an incentive against crypto, as it reduces the centralized power of governments. The SEC clearly has an agenda to label as many tokens as securities as possible, since that gives them more power, regulatory or otherwise. This is of course in opposition to the CFTC whose power is over commodities, which is why the two bodies are now engaged in something of a stand-off. The Treasury department of course wants to protect their US dollar status quo that,above all things is actually the most powerful instrument the US government has over the world, even with their army. As former Secretary of State and National Security Advisor Henry Kissinger once said, β€œ Who controls money controls the world.” The Federal Reserve also has a hat in the fiat ring as the control over the US dollar itself gives them enormous power. In addition, there is an influence of, as well as influence by the gigantic powerful banks with the Fed, who obviously also prefer to keep their fiat status quo.

This is to make no mention of the entire military industrial complex who also heavily benefit from excessive printing as more printing means a bigger military budget, and more potential profit. Not to mention, the US keeping power through force(army) or debt(US currency) further churns profit because it gives an excuse for them to encourage wars, as you are more inclined to fight a war that you think you will win.

We can turn our attention to the oil industry who also also have an incentive, as generally, oil is the fuel of the global economy that is priced in USD, and when more dollars are printed, the cheaper oil becomes but generally also the higher the demand for oil. The net result tends to be that a weak dollar supports oil prices and oil company profits, of course only to some degree.

There are many other firms and industries in-between who also benefit. Some larger than others, some much larger, banks being an obvious one not to mention mainstream media, all of whom do their part to slow the inevitable crypto rise.

They use their tools through various means: the SEC killing through regulation by enforcement, banks through lack of payment support, treasury through lack of legitimacy, politicians through policy, and mainstream media through negative publicity. Among sure other things I fail to mention.

And yet, they are still failing.

submitted by /u/OneThatNoseOne
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