Former Chairman of Federal Reserve to Speak at Blockchain Conference ~
All of a sudden... "Helicopter" Ben is invited by Blockchain Conference sponsor Ripple to be its keynote speaker in October! Does anyone else see the irony and incongruity of this? I mean, this is BEN BERNANKE here! Former Chairman of the Federal Reserve? Designer of quantitative easing resulting in the destruction of lifetime savings of MILLIONS if not BILLIONS of retirees? That same Chairman who, along with the central banks of the EU and Japan as well as the International Monetary Fund, triggered the currency war that resulted in ALL major worldwide currencies spiraling out of control in a "race to the bottom?"
... Inadvertently CAUSING the rise and popularity OF cryptocurriencies... THAT Ben Bernanke??? THE Bernank!!!
And sponsored by Ripple no less... The so-called "Banker's Coin."
Article from The Cointelegraph follows:
"In an interesting turn of events, former chairman of the Federal Reserve in the USA Ben Bernanke, will be the keynote speaker at a Blockchain and banking conference in October hosted by Ripple. Bernanke represents another major player in the world of traditional money and investing who is now a champion of digital currencies. All’s Swell The three day event is being hosted by Ripple, a cryptocurrency that is actively trying to integrate and disrupt the banking model as it stands. Bernanke is an interesting call for the keynote speaker as he has criticized cryptocurrencies in the past. He will also be interviewed by another man in the know when it comes to economic and monetary policies, Gene Sperling. Sperling is a former national economic adviser under Presidents Bill Clinton and Barack Obama.
Change of heart
"In 2013, Bernanke wrote that virtual currencies “could have a long term promise”, and addressed his thoughts to congress. However, more recently in 2015, Bernanke also said that there were some “serious problems” with virtual currencies, including issues with anonymity and the lack of stability.
Long line of converted
"Bernanke follows in a long line of converted institutionalised money managers, economists and investors who are now seeing the value in this new age currency. There have been players from traditional institutions as big as Morgan Stanley who have dipped into the cryptocurrency market. John Mack, who once served as Chief Executive Officer for Morgan Stanley admitted that he had indeed been investing in digital currencies for years. However, there does seem to be two polar camps as some of these traditional leaders in investment and money have shunned digital currencies. Bernanke may be still a little confused, praising and denouncing things like Bitcoin in different statement, but others, like commodities whiz Dennis Gartman are having none of it. Gartman said he does not understand Bitcoin, and for that reason alone he will not be taking part in what he described as “A punter's dream”. "
Oh, and they're calling this the "All's Swell" three day conference. Sorta reminds me of the "Patriot Act"
Meh! Yah, you can color ME wary ~ but I'd pay a Bitcoin to be there for listening to this!
(If I HAD a Bitcoin - which I don't!)
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