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Drudge Retort: The Other Side of the News
Tuesday, December 17, 2024

Paul Krugman writes about why banks do not want anything to do with Crypto: " ... the real reason banks don't want to be financially connected to crypto is that they believe, with good reason, that to the extent that cryptocurrencies are used for anything besides speculation, much of that activity is criminal -- and they don't want to be accused of acting as accessories."

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Crime, and especially money laundering, is big business and $100 bills are too bulky; crypto is the answer paulkrugman.substack.com/p/crypto-is- ...

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-- Paul Krugman (@pkrugman.bsky.social) December 16, 2024 at 10:37 AM

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Yep. As I have typed in this and other site many times, Cryptocurrencies are for criminal activity and naked speculation only, and nothing more...

#1 | Posted by catdog at 2024-12-17 09:25 AM | Reply

The bloated orange felon is a huge fan of crypto for obvious reasons.

#2 | Posted by Nixon at 2024-12-17 10:10 AM | Reply

It's a good thing that cash is never used for criminal activities ...

#3 | Posted by homerj at 2024-12-17 11:55 AM | Reply

Funny the biggest local CU started working in Crypto recently.

#4 | Posted by GalaxiePete at 2024-12-17 12:30 PM | Reply

I can't quite wrap my head around the concept of mining for bitcoin. I'm afraid to even try to go down that rabbit hole, and the idea of the government legitimizing it is scary.

#5 | Posted by Miranda7 at 2024-12-17 09:06 PM | Reply

America is a ship, and it is only afloat because of the dollar, our currency. If that is weakened, or destroyed, we are toast, and crypto is the biggest danger to the dollar in the world today, and our government is supporting it. Truly weird times.

#6 | Posted by Hughmass at 2024-12-18 06:56 AM | Reply

One day all banks will be empty.

#7 | Posted by redlightrobot at 2024-12-18 01:11 PM | Reply

Hawk Tuah girl just scammed a bunch of people out of $50 million in a crypto scheme.

#8 | Posted by lfthndthrds at 2024-12-18 03:19 PM | Reply

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