That, I'm afraid, is exactly what will happen when (not if) the next major economic crisis hits. I'd even venture to guess it's Rule No. 1 in the "central planners" rulebook.

Major new laws like FATCA (Foreign Account Tax Compliance Act) and a growing acceptance by major governments of a digital currency, like Bitcoin, are simply setting the stage. (check out the Bitcoin hyperlink for some additional perspective)

The ultimate goal is to establish and roll out a single, planetary currency regime. There will, quite simply, be no alternative available.

It's all about control.

---------------------

What represents the Hub of global finance?

Where is it that ALL major banking interests go for permission/absolution?

http://mises.org/books/Rothbard_What_Has_Government_Done.pdf
What Has Government Done to Our Money - Murray Rothbard
6. Phase VI:
The Unraveling of Bretton Woods,
1968 –1971
     Along with this, the United States pushed hard
for the new launching of a new kind of world paper
reserve, Special Drawing Rights (SDRs), which it was
hoped would eventually replace gold altogether and
serve as a new world paper currency to be issued by
a future World Reserve Bank; if such a system were
ever established, then the United States could inflate
unchecked forevermore, in collaboration with other
world governments (the only limit would then be the
disastrous one of a worldwide runaway inflation and the
crackup of the world paper currency). But the SDRs,
combatted intensely as they have been by Western
Europe and the "hard-money" countries, have so far
been only a small supplement to American and other
currency reserves.

All pro-paper economists, from Keynesians to
Friedmanites, were now confident that gold would
disappear from the international monetary system; cut
off from its "support" by the dollar, these economists
all confidently predicted, the free-market gold price
would soon fall below $35 an ounce, and even down
to the estimated "industrial" nonmonetary gold price
of $10 an ounce. Instead, the free price of gold, never
below $35, had been steadily above $35, and by early
1973 had climbed to around $125 an ounce, a figure
that no pro-paper economist would have thought pos-
sible as recently as a year earlier.

Far from establishing a permanent new monetary
system, the two-tier gold market only bought a few
years of time; American inflation and deficits contin-
ued. Eurodollars accumulated rapidly, gold continued
to flow outward, and the higher free-market price
of gold simply revealed the accelerated loss of world
confidence in the dollar. The two-tier system moved
rapidly toward crisis—and to the final dissolution of
Bretton Woods. - Murray Rothbard (Last reprinted in 1978)

We are starting to learn about new and old institutions and entities but what are their functions, and why are they there, and whose interests do they serve? Oh, and am I and my loved ones obligated in some way to do as they demand?

Central Banking - Fractional Reserve Banking - Bank of International Settlements - World Bank - International Monetary Fund - Special Drawing Rights - Regional Currencies - "Local" currencies all have ONE THING IN COMMON. They will Not accept a 'People's currency' that can not be taxed. And now a new criteria is to be added, Fully Traceable.   

I finally had a couple of hours to just sit down and follow the power (money's just one of the side effects).

The power of "Can".

Can they?

How can they (they/them/those that just won't leave us alone) Socially and Economically engineer us into a role that benefits... not us as individuals? How did we become Slaves?

Bottomline: By using their money. The rest is just a mop up operation.

I'll skip to the end...

Bitcoin represents another Country/Block/Region/Group of individuals that were as yet without a nose ring to be lead by. Stories about how Bitcoin would free humanity and finally allow us to fire up the Agora (a truly free market) were certain to be followed by proclamations reminding us that we were slaves, and even high profile individuals and entities inside the Bitcoin community not only acknowledged this, they'd help make it so.

My effort this passed week wasn't to determine IF Bitcoin would be turned into a Global Cashless Society tool, I was interested in by Whom/What. Force and the threat of force is always the How.

CrytoTech in general has always been a great threat to the ruling of the masses and CrytoCurrencies were demonstrating to be a major problem to global governance.

And Crypto-Services are quickly evolving into a replacement for government services (Examples: BitShares & Ethereum)

So as the Global Domination of the USD started to show signs of its demise, what would be its replacement? The "Amero"?..., just another regional currency represented by North America's population and interests. Hell, even little 'ol me knew this was just a distraction on the way to the 'Worldo'. But what the heck would a 'Worldo' currency look like.

And this is how you will know. How will Bitcoin be brought to heel, and by who/what?

FATCA (Foreign Account Tax Compliance Act) is just another arrow in the quiver of the Archer... I want to know more about the Archer/s.

News Link  • 
WAR: About that War
Obama's dumbest move to date… seizing a foreign bank?? (Cyprus, Rich Russians Wealth)
07-26-2014  •  Sovereign Man 
Welcome to warfare in the 21st century. It's not about battleships and ground troops anymore. This time the adversaries are battling each other using what ultimately affects everyone: money. (Oh, It's ON!)

(The latest news/spin on the story)

As I read the accounts I get the impression that the Cyprus Central Bank took over the bank where many of the Russian Wealthy kept their money. This takeover was prompted by a USG claim of money laundering by the bank. When a politically favored bank is convicted of such things here in the United States (or anywhere for that matter) it's a slap on the wrist and a fine.

Even France gets slapped hard if it does something the USG doesn't like...
News Link  • 
Economy - International
BNP Near Settlement With U.S. for Up to $9 Billion
07-26-2014  •  http://online.wsj.com 
The U.S. has been investigating European banks regarding sanctions violations for more than five years and still has several cases outstanding. A penalty close to $9 billion for BNP would be the largest by far for violating U.S. sanctions.

This sort of Social and Economic Engineering parallels the relationship we see between law enforcement and the Southern Poverty Law Center's reports on politically targeted individuals and organizations here in America, and the result?,... a SWAT raid and crafted headlines.

Over the last year we heard a lot about the BRICS (Brasil - Russia - India - China - South Africa) combining efforts to...    ahhhhh, combining how, and with who/what and the all important WHY?

BRIC to discuss IMF SDRs use as global unit-Russia (April 2010)
  The leaders of Brazil, Russia, India and China will discuss the possibility of using IMF special drawing rights (SDRs) as global currency at a summit in Brasilia this month, Kremlin's top economic aide said. "As for the IMF SDRs, a global currency, we will discuss that at the BRIC summit and at the IMF," Arkady Dvorkovich told a news conference.

"We continue to think that this instrument has good potential, although our G8- partners have not agreed with this yet..." (Reuters)

Over 4 years after this mention in April of 2010 we are reminded...

Some other interesting reading for the weekend I came across in my surfing...