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Yellen Calls For Deregulation To Enable Easier Money Laundering

In a surprising turn of events, Treasury Secretary Janet Yellen has called for less regulation on the banking sector, specifically to enable easier money laundering. During a press conference, Yellen stated that banks, as the backbone of the economy, should have the privilege of facilitating money laundering alongside their ability to print money. This shocking statement breaks the common narrative that portrays Bitcoin as the exclusive currency of criminals. However, Yellen’s comments have sparked unintended consequences, such as a plunge in the dollar and a potential ban on the use of the U.S. dollar by France. The heated exchange between Yellen and European Central Bank head Christine Lagarde further emphasizes the growing instability within the financial sector. Despite the significance of this debate, major news outlets have surprisingly overlooked the story, leaving only a few sites to cover it. As individuals awaken to the role of banking institutions in criminal activities, the call to “End the Fed” gains traction among Twitter users.

Yellen Calls For Deregulation To Enable Easier Money Laundering

Yellen Calls For Deregulation To Enable Easier Money Laundering

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Introduction

In a surprising turn of events, Janet Yellen, the Treasury Secretary, has called for less regulation in the banking sector, specifically to enable easier money laundering. This unexpected statement has garnered various reactions, including a heated exchange of comments between Yellen and Christine Lagarde, the head of the European Central Bank. Strangely enough, this important debate has received limited coverage in major news outlets, raising questions about intentional omission.

Yellen’s call for deregulation

Yellen’s statement emphasizes the role of banks as the backbone of the economy, not just in terms of printing money but also in facilitating money laundering. She argues that revenue streams like child trafficking and drug trafficking are vital for banks, especially in volatile times. This stance contradicts the prevailing narrative on bitcoin and criminal usage, which has portrayed cryptocurrencies as exclusively favored by criminals. Furthermore, Yellen’s call for deregulation has had an impact on the dollar, leading to capital outflows from U.S. Treasuries.

Surprise reaction to Yellen’s comments

One of the most unexpected reactions to Yellen’s comments came from Christine Lagarde, who defended banks as integrous institutions and criticized Yellen’s stance on deregulation. Lagarde claimed that without banks, global progress would be hindered, emphasizing the need to block individuals’ attempts towards financial freedom. This provoked an angry response from Yellen, highlighting the contrasting financial markets in the U.S. and Europe and making allegations against Lagarde.

Yellen Calls For Deregulation To Enable Easier Money Laundering

This image is property of bitcoinmagazine.com.

Exchange of comments between Yellen and Lagarde

The exchange between Yellen and Lagarde in response to the call for deregulation has been unusual and transparent. Surprisingly, major newspapers and network television have largely overlooked this debate, with only a few sites such as Epoch Times and Zero Hedge covering the story. The intentional omission of such an important news story raises questions about the reasons behind the limited coverage in major news outlets.

Limited coverage in major news outlets

The lack of coverage in major news outlets regarding Yellen’s call for deregulation is an inexplicable omission. While sites like Epoch Times and Zero Hedge have covered the story, it seems intentional for major news outlets to overlook important news stories. Possible reasons for this limited coverage could be a lack of interest or the desire to control the narrative.

Ron Paul’s perspective

Former presidential candidate Ron Paul shed light on Yellen’s statements in an episode of his show, The Liberty Report. Paul discussed the dying state of fiat currencies and the power struggle among central bankers. He emphasized the importance of waking people up to the flawed financial system and referenced Lagarde’s threat to Yellen as a reason to “End the Fed.”

Twitter users’ response

Yellen’s call for deregulation and the subsequent exchange of comments between her and Lagarde sparked a strong reaction on Twitter. The hashtag #EndTheFed became trending, with individuals recognizing the role of banking institutions, including central banks, in criminal activity. Twitter users also pointed out the double standard in sentencing, comparing Yellen’s admission of major banks’ involvement in illegal activities with Ross Ulbricht’s life sentence for less.

Different opinions on Yellen’s remarks

While many expressed agreement with Yellen’s call for deregulation, some differed in opinion. Optimist Fields, co-host of the YouTube show Simply Bitcoin, shared a different perspective, expressing admiration for Lagarde and disagreeing with the threatening aspect of her comments. Others are awaiting a response from Jerome Powell, speculating on his stance regarding deregulating banks.

World leaders losing control

The situation surrounding Yellen’s call for deregulation highlights a larger trend of world leaders losing control. This loss of control extends not only to the narrative but also to their own statements. The unhinged comments from the ruling class have become increasingly important and are receiving limited coverage in major news outlets.

In conclusion, Janet Yellen’s call for deregulation to enable easier money laundering has caused surprise and generated various reactions. The limited coverage in major news outlets and the exchange between Yellen and Lagarde highlight the complex dynamics within the financial sector. Meanwhile, world leaders seem to be losing control, both over the narrative and their own statements. The impact of Yellen’s remarks and the subsequent responses will undoubtedly shape the future of financial regulation and the global economy.

Source: https://bitcoinmagazine.com/markets/yellen-calls-for-deregulation-to-enable-easier-money-laundering-