Threat Level Privacy, Crime and Security Online
Bullion and Bandits: The Improbable Rise and Fall of E-Gold
* By Kim Zetter Email Author
* June 9, 2009
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Jackson has finally registered E-Gold with FinCEN, and has begun applying to states for money transmitting licenses. The company is also blocking people who appear on the Treasury Department’s list of Specially Designated Nationals and plans to follow bank procedures for verifying customer income and sources of transmitted funds. There are other plans in works to clean up the system as well.
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Read this with an eye towards why this fool was targeted.
Think they care about catch bad guys?
Or, could it be that he was undermining their monopoly over “money”.
That stuff they laughable call “money” … Federal Reserve Banknotes.
No, he was giving people an easy and cheap way to store value.
That couldn’t be “taxed” by inflation.
Imagine how much better the Chinese would be if they had 5T$ of gold as opposed to Uncle Sugar’s little green pieces of paper.
No, anyone who messes with that monopoly, will bring the goons out in force.
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