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RE: Cryptocurrency Discussion: Can bitcoin still thrive if governments introduce their own digital coins?
But governments can’t manipulate currencies because democracy.
For example, look at the United States.
The United States government has absolutely not, even a single time, in any way shape or form, in any manner, ever, manipulated the U.S. dollar.
Because democracy.
are you kidding?
Fortunately no, I’m not kidding.
Look at how the military dictatorship of North Korea manipulated their currency in order to artificially pump their corrupt housing program, the “Financial Assistance for the New National Interest and Existing Market and Aftermarket Economy,” (known by North Koreans as “Fannie Mae”), which gave kickbacks to the ruling caste in North Korea.
Well when that caused the North Korean housing bubble to burst in 2008, further manipulation of the North Korean money supply by their totalitarian regime allowed for the housing bust to actually cause a years long, full-blown recession throughout all of North Korea that is still hurting its citizens to this very day.
Nothing even remotely similar to that in any way could ever happen in the United States.
Because democracy.
LOL!