Federal Reserve Delays Taper, Continues Debasement
Silk Road was shut down and also the FBI has arrested the man who runs and came up with most sophisticated online drug bazaar all this time. Ross William Ulbricht was arrested on Tuesday afternoon charging him with drug trafficking, money laundering and computer hacking, in step with CNN Money on Oct. 2.
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It is in all likelihood inevitable this type of digital, peer to peer, currency would rise, but it can be the flaws in current systems which giving it a boost. As people lose faith in federal government and banks, they are going to be looking for something use the printer provide more options. They will see the benefits of skipping the middleman of credit bank cards. International transactions will start to happen skipping the middlemen of banks and wire systems. As national currencies destabilize, they will quickly see an electronic, non-national, currency as being a good reserve currency to hedge against inflation, runs, etc.
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The FBI was able to buy drugs from Silk Road on several scenarios. They purchased ecstasy, heroin, cocaine and LSD. Each time they would try and backtrack the shipment, narrowing it down until they hit pay dirt. They tracked down several of Silk Road's servers including one had been out of the us.
These projections would discover a method to indicate that the current policies of the Fed aren't helping the economy to recover, and are merely sustaining it synthetically. The Keynesian school of economics explains this through the thinking behind a liquidity trap, when the Austrian school of economics explains this through the thought of malinvestment.