Sunday, February 28, 2021

Cryptocurrency outlook #2

Harvard Professor Kenneth Rogoff Warns Central Banks Will Never Allow Bitcoin to Go Mainstream

Professor Rogoff says:

"As it really starts to compete with ordinary, fiat currencies, government currencies, I think they’ll clamp down on it like a ton of bricks. They are not going to allow that to happen."

"But make no mistake, the governments need to retain control over taxation, controlling crime, etc. They need to maintain control over the unit of account — the currency. Yes, private innovation can come out for a while, but eventually over the long course of history, the government first regulates and then it appropriates, and I think we can see that happening here."


  1. This has a scent to it of "Rule by Secrecy" by Jim Marrs.

  2. I have not read or even heard of "Rule by Secrecy" until now. I'm confident there are some secrets in and with the Federal Reserve System, but the principals' desire for control is no secret, at least to me.

    Have you read The Creature From Jekyll Island by G. E. Griffin? The making of the Federal Reserve System was quite secretive, but it didn't stay that way.