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North Carolina Declares Independence From Basic Economic Understanding, Becomes First State to Embracing Utter Financial Ignorance

Crypto NewsNewsRegulation/Negotiation Barry Thompson September 16, 2024

A of a giant dollar bill with its eyes closed and ears plugged, surrounded by chaos as money swirls around it; in the background, a silhouette of the North Carolina flag waves amidst flames.

} The thrill of watching gullible politicians try to outdo each other with their anti-crypto grandstanding never gets old! It’s almost as if they think that by rejecting something, they’re somehow making themselves sound smart or even relevant in the world. Newsflash: you can’t be against a thing just for being; it takes actual effort and understanding of what makes an idea tick (or not). And let’s face facts here – North Carolina is basically saying .

Source: bitcoin.com

North Carolina Rejects Federal Digital Currency, Overrides Governor's Veto
https://news.bitcoin.com/north-carolina-rejects-federal-digital-currency-overrides-governors-veto
The North Carolina General Assembly has overridden Governor Roy Cooper’s veto to enact a bill prohibiting a central bank digital currency (CBDC) in the state. The Senate voted 27-17, securing the required supermajority. The bill bars payments using CBDC and state participation in Federal Reserve testing. This bill reflects strong opposition to CBDCs and emphasizes privacy, individual sovereignty, and market competitiveness. The North Carolina General Assembly overrode Governor Roy Cooper’s […]

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Barry Thompson

Barry’s crypto nightmare began when he bought Bitcoin at $3, thinking he’d stumbled upon the financial opportunity of a lifetime. He sold his stash at $100, only to watch in dismay as Bitcoin soared to absurd heights. Now, Barry channels his rage into scathing articles about the crypto circus, seething with resentment at the digital gold rush he barely missed. His motto: “I sold out at $100, but the joke’s on me because the real joke was believing in this absurd circus.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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