The Federal Reserve has been given the impossible task of trying to run the credit & monetary system as though we are the Soviet Union. It's the central planner for the key aspect of Capitalism, which is how money & credit is allocated.

Money is the arteries of the economy, the blood supply of the economy. Markets are subject to bouts of euphoria & despair. Moving the money supply up & down is the most powerful way, to sedate that boom & bust cycle.

The Federal Reserve unbalance does not help the economy, it hurts the economy. & it's bound to make mistakes, even with the best of intentions.

The existing banking system is cozy. It's captured the regulators, it extracts enormous value from society without delivering anything in return, & it is parasitic 🦠 in nature!!

When you give control of massive amounts of money to a few individuals, they will take advantage of that control.

Banks today are tied in to a system that is completely rigged to basically harvest money from the entire global economy & pump it into the hands of very few.

Banks earn untold billions in interest every year by creating & lending virtual money. What's more, banks don't even need your deposit to create new money. If they consider someone creditworthy for a loan, they can put new magic money into his or her account, & start charging interest.

In other words all new money is debt. This is the part of money creation that isn't taught in economics class. Money in paychecks, bank accounts, 401ks, that loan to Bob, credit card debt, your home loan, all began life as virtual money. Created by the banks.

The entire system is based on trust. Trust in the bank's solvency. Trust in the debtors ability to repay their debt.

If all bank customers demanded just 3% of their deposits, right now, in cash; this run on the banks would reveal the truth. Almost none of that paper currency you think is in your bank account exists ... ... It never did !

This & many hidden things should prove the need for cryptocurrencies. We don't need more leaders, we don't need more companies, we don't need better regulation… We need TRUST!

We need to change the way the game works, because human beings at the end of the rainbow, are terrible in positions of trust, at being able to maintain virtue, no matter who they are, eventually somehow, some way, through some mechanism, whether it be money, ideological concerns, some sort of blackmail or compromise or just their own ego, they will in some way, some form, become an agent for bad, instead of good. Thus we must put our faith in things that cannot change & because natural law doesn't govern social systems, we need blockchain technology in order to enforce that upon us.

We need to have an artificial law of social physics, blockchains, to help us through. That's why I signed up for this industry, that's why I'm here. I signed up to give people liberty & freedom.

This world is falling apart, it's led by unsustainable practices, corrupt & broken institutions, it's led by people who shouldn't lead us.

So when we look to the Future, the power of cryptocurrencies is the first time in any of our Lives, we've actually had the ability to make a difference. To do things differently, to think differently, to change the way that the game works, to bring TRUST to money, to change the way that we can achieve great things.

We can fundamentally transform everything, from how we vote, to the notion of our identity, to take back our privacy & even change the whole models of how businesses work.

This Innovation, DLT, Blockchain Technology, Bitcoin, disrupts the traditional banking system. The traditional banking system doesn't want to be disrupted & they will use every tactic in terms of working with Regulators to try to slow down that Innovation change, but at the end of the day, Innovation always wins!!

A sensor proof, unconfiscatable asset, that is immune to the ravages of inflation which is just theft of value by the government, to give that to the people at the top, is an amazing world-changing Innovation & owning some of it is critically important.