Cryptocurrencies, Greed, and Federal Reserve - Is Bitcoin a Big Ponzi Scheme?
Cryptocurrencies have grown to a $100 billion business just since 2011. Computer-generated coins like Bitcoin have increased in value from $30 in 2013 to $4200 this week. Some economists see it as a gigantic Ponzi-scheme, second only to Social Security in its success. Do we agree? Is it better than the unbacked money churned out by the Federal Reserve Bank? What makes a currency, and is Bitcoin treated as a currency or a commodity investment? These are important questions. But then we ask the question. . .should we really be involved in fractional reserve banking, given the Exodus 22:26 principle?
This program includes:
Generations with Kevin Swanson
The World View in 5 Minutes with Adam McManus (Obamacare Abortifacient Funding Requirement Removed, Are There Dangers in Halloween?, More Evidence on Abortion-Breast Cancer Connection)
Sermon ID | 10917246342 |
Duration | 40:27 |
Date | Oct 9, 2017 |
Category | Current Events |