Home Les bulletins GEAB GEAB 111 Bitcoin, crypto-currencies and state power strategies

GEAB 111

The monthly bulletin of LEAP (European Laboratory of Political Anticipation) - 15 Jan 2017

Bitcoin, crypto-currencies and state power strategies

Crypto-currencies, of which Bitcoin is the most popular, are “virtual” currencies devoid of any physical reality, possessing an electronic form and functioning by using cryptographic methods. They are used specially as a means of payment in an innovative decentralised peer-to-peer system. With the Bitcoin and the other crypto-currencies, one can buy everything from food products, company shares, to false driving licenses and even Kalashnikovs.

Figure 1 – Source: Journal du Geek. The most purchased items in Bitcoins

It all goes back to the subprime crisis in 2008/2009, when the monetary, financial, banking and stock market system broke out in a crisis that threatened to upset the world system as we have known it since 1945 and which our GEAB team has reported on since 2006. A systemic global crisis that would drag the economic and financial world into abyssal depths never before reached, sweep away many of its players and de facto force institutional powers (states, central banks, European or international institutions such as the IMF …) to strengthen the control of this parallel universe(s) and financial repression in order to save what could remain of the sovereignty of their currencies, to face the foreign exchange war, to ensure the control of the movement of capital , to bail out debts and balance sheets, mainly on the back of taxpayers and with austerity policies imposed on the people.

Comments

To leave a comment sign up now
In summary

Since Deng Xiaoping, in the '70s, gave top priority to economic development, China has made tremendous sacrifices. Having worked hard and cheap and polluting its country, it soon became the [...]

Every year, LEAP/E2020 is offering you a short overview of the up and down trends of the year which is starting. In addition to the intellectual interest of this contribution [...]

Currencies: Watch out, Turbulence Ahead The currency market is particularly dangerous this year: with a dollar which has strengthened whilst Trump needs a weak currency and will do everything possible [...]

Related articles
Geta Grama-Moldovan
15 Jan 2021

Agriculture 3.0: Business and Investment Opportunities

#agriculture #finance #innovation #investments

As we have already stated in various issues of the GEAB, agriculture as we know it is undergoing remarkable change. While we often see farming as a rural, analogue activity, [...]

Geta Grama-Moldovan
15 Jan 2021

Toolbox: Your 2021 Calendar

#Calendar #europe #geopolitics #governance

2021 is full of events that could not be held in 2020 due to the pandemic.  Some of these dates are still uncertain, and the 2021 Calendar that we’re setting [...]

Geta Grama-Moldovan
15 Jan 2021

Through the Looking Glass – Overview in 34 Trends for 2021

#currencies #europe #finance #geopolitics #governance #unitedstates

After the year of "reflection" that the long Covid break of 2020 has provided humanity, Year One of the World After, or the "Digital Age", takes us on a trip [...]