Bitcoins And Trading In Tandem With Putin
March 06, 2014 at 14:48 PM EST
Professor Williams summarized the origins of the new money proxy in the wake of the global financial crisis and the rise in risks which resulted. Bitcoins were supposed to reduce the risks of inflation from "fiat currencies" created by politicized central banks. They were also supposed to be protected against fraud by "banksters", the source of losses of some $3 trillion-plus during the GFC.