Cryptocurrencies, Greed, and Federal Reserve

Is Bitcoin a Big Ponzi Scheme?


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October 09, 2017

Cryptocurrencies have grown to a $100 billion business just since 2011. Computer-generated coins like Bitcoin have increased in value from $30 in 2013 to $4200 this week. Some economists see it as a gigantic Ponzi-scheme, second only to Social Security in its success. Do we agree? Is it better than the unbacked money churned out by the Federal Reserve Bank? What makes a currency, and is Bitcoin treated as a currency or a commodity investment? These are important questions. But then we ask the question. . .should we really be involved in fractional reserve banking, given the Exodus 22:26 principle?

This program includes:

1. Generations with Kevin Swanson

2. The World View in 5 Minutes with Adam McManus (Obamacare Abortifacient Funding Requirement Removed, Are There Dangers in Halloween?, More Evidence on Abortion-Breast Cancer Connection)

About Your Host, Kevin Swanson

Homeschooled himself in the 1960's and 70's, Kevin Swanson and his wife, Brenda, are now homeschooling their five children. Since graduating from his homeschool and then serving as student body president of a large west coast university, he has gone on to other leadership positions in corporate management, church, and other non-profits.