It is difficult to tell if one made-up group of regulators are just created to boost national employment numbers, protect the proletariat, or to check another set of fact-checkers who guard a larger, established thiefdom.

Speaking of thiefdoms, private companies like The Federal Reserve, in association with federal organizations like the SEC and the Treasury Department have crafted a new annual report under a group name called the Financial Stability Oversight Council, or FSOC. This report focuses on the safety and overall health of the U.S. economic system and has done so for the past five years.

Negative fodder

This year, Bitcoin and its blockchain technology are featured under the inclusive section labeled "Potential Emerging Threats and Vulnerabilities." To sample the report in its 161-page entirely, click here. In this small ebook of impending economic doom-and-gloom, this is what the cabal had to say about the new technology known in the report as "distributed ledgers," or blockchains: