According to the shrill emails received and the rants by Max Keiser on RT’s economic program on DSTV, the solution to currency crises is the adoption of a virtual or a cryptocurrency – call it what you will – such as Bitcoin. Seemingly immune from government and bankers manipulation, they are a secure method to bypass government control. Will this “currency” ultimately supplant traditional currencies or will it be a chimera? Won’t the criminal element combined with human greed, folly and venality ultimately prove its downfall?

Continue reading