Wednesday, 13 August 2014


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A whistleblower who was employed as a briefing researcher at the Federal Reserve has revealed that Fed governors were “highly alarmed” by a major internal report which revealed that Bitcoin would likely supercede the dollar system within the next 12 years.

The individual outlined what happened in a Reddit post, explaining that he was a trained economist with a B.S. in Computer Science, an M.S. in Operations Research, a PhD in Econometrics, and had been tasked by the Federal Reserve to compile a report on Bitcoin and how the cryptocurrency would impact the existing monetary system. Several other research teams had also been assigned the same task by the Fed.

Having initially treated the project with a lackadaisical attitude, the researcher presented a short report to Fed governors but was severely reprimanded for its inadequacy. “I almost lost my job for not taking this project as seriously as I should have and the Board of Governors renewed the project and gave us explicit research directions along with weekly addendums,” he writes.

The whistleblower goes on to explain the “shocking” findings of the subsequent report, which discovered that the Federal Reserve’s dollar system, and in turn its control over the global economy, would be supplanted by Bitcoin within 12 years." Continues

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