First Bitcoin Capital Corp (BITCF)

[planetaryfuture]

Central Bank Currency Manipulation Overlooks Cryptocurrency-Hemp Solutions .....

From my perspective ..... the ongoing China-U.S. currency manipulation allegations are endemic to the nature of the Central Banking Institutions and create the preordained outcome of perpetuating "deficit-driven" economies which become impossible to reconcile mathematically ..... The end result of ..... "fractional reserve banking practices" ..... takes the form of ...... "eternal slavery" ..... for all Nations and their citizens" ..... as a natural consequence of deploying such a "predatory fiscal system" ...... which logically explains why numerous American President's considered the inherent nature of "Central Banking" a major problem ..... down the road ..... for our "Great Nation" and all of our citizens .....

This Universal fiscal dilemma has been adequately explained by Michael Maloney in his ..... "Hidden Secrets Of Money" ..... series of 10 Episodes starting with Episode One - "Money Versus Currency" .....

Also ..... more in depth ..... the "Money Master's" documentary ..... A historical perspective on the longstanding issues related to ..... "fractional reserve banking" .... and the cyclical emergence of an inherently manipulative Central Banking System domestically engineered by the privately owned ..... Federal Reserve System ..... following its still-surviving "toehold" set in place by President Woodrow Wilson 1913 ..... when Congress passed the "Federal Reserve Act" ..... which President Wilson later lamented as "the biggest mistake" of his presidency .....

"Money Master's" link to the 3-hour 28-minute video documentary follows .....

I have been referencing the importance of reviewing for consideration the "Money Master's" documentary in a number of my posts ..... and have come to appreciate it since the author's suggest a common-sense 4-step solution ..... while I have proposed my own line of thinking to their practical solution which you find in my post of August 4, 2019 .....

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150321688

In reality ..... both China and the U.S have the ability to manipulate the value of their own currency by declarations of their Central Banks ..... Their currency is not REAL MONEY !!! ..... in either case ..... It is little more than 100% fiat paper !!! .....

Both Government's appear to be very comfortable with their "protectionist economies" running on "thin air" ..... which ironically ..... happens to be their self-same unrelenting criticism of cryptocurrencies ..... along with the effortless ability of special interests to "fake the volatility" of cryptocurrency ..... in an apparent attempt to try to "nail-down" their weak and fabricated argument against Bitcoin and cryptocurrencies ..... in general .....

I fail to grasp the rationale of ignoring the profound importance of an Industrialized Domestic HEMP Market ..... when it had been a major part of America's "grass-roots" history ..... No pun intended !!! ..... though impossible to ignore in this instance !!! .....

Take notice of the Agricultural prediction the magazine ..... "Popular Mechanics" ..... had made in 1938 ..... for HEMP ..... and recognize America seemingly "missed-the-boat" ..... by playing special-interest politics to help enrich a few powerful ..... well-placed ..... "players" .....

"Back When We Thought HEMP Would Be A Billion Dollar Crop" ..... from a 1938 issue of "Popular Mechanics" .....

https://www.popularmechanics.com/science/environment/a19876318/popular-mechanics-billion-dollar-hemp/

Something worth considering .... in my opinion !!! .....

And now to the article you bring to my attention !!! .....

Trump-China Trade War A Boon For Bitcoin


By Richard Morgan ..... August 5, 2019


Turmoil in global stock markets sent the price of the controversial digital coin up more than 7% Wednesday as a falling yuan sent Chinese investors fleeing, according to experts.

That’s because bitcoin, which touts itself as a global currency, is viewed by many Asian investors as a safe haven.

Gold, the original safe haven, also rose on renewed tariff fears, gaining 1.5% to $1,461.30 per ounce, according to precious-metals data provider Kitco Metals.

The price gains came as China let its currency fall below 7 yuan to the dollar — an 11-year low that prompted Trump to accuse Beijing of manipulating its currency amid an escalating trade war.

Michael Novogratz, the former Fortress Investment Group principal who founded cryptocurrency investment firm Galaxy Digital, predicted the global unrest would extend this year’s bitcoin rally.

“$Btc rally could have real legs,” he tweeted on Monday, citing a foreign exchange war, instability in Hong Kong and “the beginnings of capital flight.”

https://nypost.com/2019/08/05/trump-china-trade-war-a-boon-for-bitcoin/

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