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January 1, 2021· SSRN Electronic Journal
preprint
Open access

Cryptocurrency: Politics, Public Policing and Financial Illegality

Authors:Caroline Covell *

Abstract

One of the agendas of those who want to establish the New World Order through the “Great Reset” is to have cryptocurrency as the medium of exchange for goods and services or as a reward for obedience and submission is cryptocurrency, stated in a “leak” communication from a Canadian Member of Parliament. The problem with cryptocurrency is that it is not a physical money, but only represents numbers in the database or a blockchain. Rather, it is an e-money or a virtual money stored in databases. It does not have tangible values, has no legal status and by definition, it is unconstitutional. But it allows the owner to exchange it for a real physical money from the financial institution as an exchange. It is illegal and a fraud. Cryptocurrency is based on a computer software that helps you to mine cryptocurrency and allows you to make payment for goods and services electronically, but only for the institutions or commercial organizations that participate in the scheme of cryptocurrency. This paper discusses the politics of cryptocurrency, the policy proposed, the risk associated with its implementation, and that it may lead to the collapse of financial markets and fosters the rational men to declare “The world is mine.”

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