The {US|United States} Federal Reserve {has|has actually} {started|begun} its {own|very own} {official|main} Facebook {page|web page}, which was {met with|consulted with|met} {a torrent|a gush} of trolling.

1. Federal Reserve’s Facebook Page Launched, Trolled by Bitcoin
Fans
teamsteverhyner.com/federal-reserves-facebook-page-launched-trolled-by-bitcoin-fans/
The US Federal Reserve has started its own official Facebook page, which was met with a torrent of trolling.
The page, which was uploaded on the 18th of August, was ostensibly created to create a more accessible
environment for the people to communicate with the Federal Reserve Board of Governors, according to its first post:
Almost instantly, however, libertarian commentators and Bitcoin enthusiasts descended on the page, showering it
with all many of mocking comments.
Bitcoin, precious metals
lead in comments
Within minutes, negative comments
began to pour in. A common theme
was Bitcoin and how it provides a viable alternative to the central banking system:
“I love you guys! The more you devalue your fiat currency, the higher cryptocurrency rises and soon enough, you’ll
be obsolete, along with the federal government.”
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2. Other comments mentioned precious metals, referencing the Federal Reserve’s past where banknotes were
redeemable for gold and silver:
“Great. My certificate informs me that there exists $20 in gold coin payable upon demand. Could you please educate
me on how I may redeem this paper for real money? Perhaps you’re offering Bitcoin now instead? Thanks in
advance!”
Central banking running into a rough spot
As a whole, central banking has run into several recent setbacks. Central bankers for Japan, the EU and the US
have admitted they are powerless to aid their countries’ lagging economies, and have reach out to government for
more help. The vice-chancellor of Germany fears the EU may collapse post-Brexit if other countries follow the UK’s
example, and is currently in need of a $166 billion bank bailout. The US is not looking much better, with several
economic indicators hinting at a coming recession. Japan has just announced a large stimulus package to support
its ailing economy, which could lead to increased inflation.
In the meantime, Bitcoin continues to gain ground. During the period of its departure from the EU, the British pound
became less stable than Bitcoin, which itself has achieved the stability of a large cap stock . The cryptocurrency
retains a market capitalization of almost $10 billion, and has retained a price close to $600 (and higher) per coin for
the last several months.
Re-posted from www.cointelegraph.com by Joel Valenzuela September 3, 2016
No one likes trolls but some of them may be right when they suggest the Federal Reserve’s days are
limited. Or the fact that if you presented a $20 bill to them it’s highly unlikely that you’d receive $20 worth of
gold as the certificate says. Take control of your financial future and situation. Mine Bitcoin then use a
portion of the proceeds to purchase your own gold and silver. Click here for more information.
Share this post and help spread the love!
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3. Steven L. Rhyner
Thank you for reading my posts! If you would like to connect, reach out to me on
Facebook.
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