the staff of the Ridgewood blog
Ridgewood NJ, while neither a crypto maximalist or minimalist the one thing we like most about them is they are private crypto currencies that they take financial power and control away from globalists, central banks, and politicians and their fiat currencies.
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The Securities and Exchange Commission wants to regulate Bitcoin and other digital currencies. Now so does, scary thought, the United Nations. Yes, the gang who can’t shoot straight who has led the world from one stupidity induced catastrophe to the next wants to put it’s bureaucrats in charge of a trillions of dollars of crypto currencies .
The latest POLICY BRIEF from the UN officials conclude:
• The benefits that the 19,000 cryptocurrencies may bring to some individuals and financial institutions are overshadowed by the risks and costs they entail, particularly in developing countries.
• The global reach of private digital currencies makes national regulatory responses challenging.
* All that glitters is not gold. There is a high cost to developing countries in keeping cryptocurrencies unregulated.
Of course, the UN wants to regulate cryptos out of business so international central bankers can continue to tightly control and manipulate global financial markets. The reason that cryptos are gaining such a foothold around the world is because corrupt central governments can’t stabilize the value of their own currencies, so investors scramble for viable alternative sources of tradable money. The chart below shows that 15 of the 20 nations with the fastest deployment of cryptos are developing nations like Venezuala where the fiat currencies are dependable as stores of value.
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