Cryptocurrency Will Take Power Away from Central Banks: Ex Trump Aide Steve Bannon

Everyone from Banking executives to celebrities seems to have an opinion on Bitcoin and the fate of cryptocurrencies. You cšan read awesome quotes on Bitcoin here.

The governor of China’s central bank struck a critical tone on cryptocurrency speculation is typical for example. However recently one controversial figure said something a bit surprising.

Here is what Steven Bannon said while on his recent European speaking tour.

“Central banks are in the business of debasing your currency. Central governments are in the business of debasing your citizenship. The central technology conglomerates are in the business of debasing your own personal sovereignty and your own personal data.”

He went on to describe cryptocurrency and blockchain technology as the “very heart” of a populist movement in Switzerland. He’s right in a sense, decentralization as an ideal hits home to the peer-to-peer sophistication Millenials want from the collective system and institutions where capitalism shifts more in line with ideals of the sharing-economy.

While Bannon, a former member of the National Security Council, was dismissed from the White House in August 2017, that he has declared cryptocurrency and blockchain technology to possess the potential to completely redefine the global financial space immutably is an interesting public recommondation for the Crypto Singularity.

Bannon was praising blockchain as not only be used for introducing more financial transparency into existing banking structures but can also be utilized for a host of other purposes such as ledger accounting, record maintenance within government establishments. We know blockchain has many applications that the next-web is already in the process of transitioning to.

Bannon for all his peculiarities and shortcomings, is a champion of the anti-establishment movement. He envisions Crypto as an empowering force to get away from the central banks that debase your currency and makes slave wages.

He went on to add that crypto is the first step from escaping control of elites.

“We take control of the central banks away. That will give us the power again…Once you take control of your currency, once you take control of your data, once you take control of your citizenship, that’s when you’re going to have true freedom.”

Bannon accused governments, central banks, and tech companies of taking away the rights and identities of ordinary people and using them for their own purposes. Not bad for someone who was kicked out of the White House.