Don't you know how the financial system works? Banks make currency. With Bitcoin, they haven't figured out how to do the same. Their empire is in danger. His argument is predicated on the false assertion that currency has to be legally recognized; it doesn't. It only has to be accepted by those who trade with it. Not only is he bashing Bitcoin, but he is bashing all of cryptocurrency. What an idiot he is. The real fraud is perpetrated upon us by banks who lend dollars without holding hold an equal value of gold or silver. In past centuries, this was punishable as a felony by death.
Well, the very first assertion "Banks make currency" is not accurate in the US (the context of the article). Currency is "made" by a combination of the US Treasury and policy set by the federal reserve. The fed is a bank of sorts, but in no sense is a bank like JPMC creating currency.
