3 ms·
Let's say the government does the exact same thing to make money that they do now : legislate that more money is printed. Which government? The US gover
by temphn 14y ago
Let's say the government does the exact same thing to make
money that they do now : legislate that more money is
printed.
Which government? The US government? Or the Russian and Chinese governments? The USG is in decline and everyone knows it. Its ability to enforce laws around the world is not absolute. And by coming out and showing that it really wants X (e.g. the death of Bitcoin), it becomes obvious to many other governments that an interesting way to stick a finger in the eye of USG is to allow not X (e.g. free use of Bitcoin).
Russia recently made it almost impossible to extradite Russian citizens to the US:
http://rt.com/politics/russia-us-moscow-medvedev-clinton-071/ http://rt.com/politics/russia-us-moscow-medvedev-clinton-071...
And I don't think the USG is going to be renditioning Chinese citizens from the mainland anytime soon, given how broke the Americans are and how much they owe to China (not to mention that they are a nuclear power).
A lot of people wanted a multipolar world. We're going to get it, and among other things it means the USG will not be able to print money (and thereby dilute your stake, and seize your work product) for much longer.