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Why The West Can’t Ban Bitcoin The Way China Did

September 25, 2021
Source: nationandstate.com nationandstate.com
News Snapshot:
[Authored by Mark Jeftovic via BombThrower.com,] Only a complete “dictatorship of the proletariat” can kill Bitcoin Evergrande is being called China’s “Lehman moment” and overnight the PBC closed the loop on their clampdown on crypto with a total ban on virtual currency transactions. For those paying attention, however, China isn’t just moving against crypto, they’ve been bringing their entire technology sector to heel. They also stated that it is time to redistribute wealth from the top tier of the nations wealth holders to the rest of the peasant class. This isn’t a return to their Communist roots as much as...
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Tags: agriculture | Australia | author | bitcoin | blockchain | boycott | Canada | China | Chinese | communist | Covid-19 | crypto | currency | democracy | Economy | Elections | fintech | France | investment | Marxism | stocks | technology | Uighur | Vaccine | Xinjiang

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