(By Michael Snyder) Taxation and regulation are weapons, and governments often use these weapons to target things that they do not like. Cryptocurrencies such as Bitcoin, Ethereum, Ripple and Litecoin threaten to shatter the existing paradigm of financial control that the elite has carefully crafted, and that is making government officials all over the planet very nervous. So the latest rumblings about “government
crackdowns” on cryptocurrencies in China and India shouldn’t come as any sort of a surprise. Those two governments hate anything that even smells like freedom, and so it was only a matter of time before they pulled the trigger. And the bigger the cryptocurrency bubble becomes, the more national governments around the world are likely to take action to “get it under control”. The reason why I have always been so cautious when it comes to cryptocurrencies is because government intervention is the ever-present elephant in the room. READ MORE
