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News Link • Cyberspace and the New Economy

Government Crackdowns In China And India Threaten To Absolutely Crush The Cryptocurrency Bubble

• http://theeconomiccollapseblog.com

Cryptocurrencies such as Bitcoin, Ethereum, Ripple and Litecoin threaten to shatter the existing paradigm of financial control that the elite have carefully crafted, and that is making government officials all over the planet very nervous.  So the latest rumblings about "government crackdowns" on cryptocurrencies in China and India shouldn't come as any sort of a surprise.  Those two governments hate anything that even smells like freedom, and so it was only a matter of time before they pulled the trigger.  And the bigger the cryptocurrency bubble becomes, the more national governments around the world are likely to take action to "get it under control".

The reason why I have always been so cautious when it comes to cryptocurrencies is because government intervention is the ever-present elephant in the room.  At any time big national governments can step in and ruin the party, and that now appears to be happening in China and India.  The following comes from TruNews

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