Political Power Structure in the US
To investigate into the stance of the US government on Bitcoin, we must first have a clear concept of political power structure in the US. This seems to be a commonsense knowledge, but still many people get confused.
In contemporary history of the West, the rise of capitalism transformed old feudal societies into modern one. Capitalists were endowed with much more social and political privileges, having ever increasing extent of influence on not only economy, but also politics. They used their influence on politics to earn more capital. In turns, they utilized their capital to gain more power on politics. The honor of a politician is not inheritable, but a capitalist can easily pass his business and political asset to his descendants or relatives. Through accumulation and inheritance of capital and political asset, cartels were formed in nation-states of Europe. However, their political power was not strong enough that they were still under their nations’ control at that time.
During world-war II, the business of these cartels was badly hurt by wars in Europe. Their political privilege was eroded by their nations too. As a result, some of these cartels brought along their capital, talent and advance technology from different nation-states in Europe to the US. These multi-national European cartels combined with the US local cartels, like Rockefeller and Morgan families, forming even larger cartels, and gradually taking control of all vital aspects of the country, such as politics, military, finance, media, culture, advance technology and so on. These cartels tend to think more about maximizing their own power on both economy and politics, rather than protecting national interests as normal politicians do. We define these monstrous cartels and normal politicians working for the goodness of nation as capital interest group and national interest group respectively. It is always power struggle between them. The capital interest group dominated and the national interest group lost control over the country gradually after the world-war II. By leveraging the power of capital, the capital interest group formed a ‘shadow government’ so as to manipulate Washington behind. This new form of capital governance was the first time in human history.
It is ridiculous that capitalism ends feudalism, but creates another form of modern feudalism. Members of the capital interest group become modern nobles and their nobility can be inherited by their descendants or relatives. This contradicts with the core values in modern society. Therefore, the capital interest group needs somebody to represent them in the front so that they can manipulate at the back. The highest rank representative is the President of the US. The Presidents are chosen by the capital interest group first before they can be elected by the people. In consequence, the elected Presidents are expected to work for the capital interest group, rather than the people. Fail to do so may leads to the similar tragedy ending of President Kennedy.
One of the most valuable private assets of the capital interest group is the Federal Reserve, the central bank of the US. This is why the chairman of the Fed is normally come from investment banks, mostly from Goldman Sachs. By controlling the Fed, the capital interest group controls the country's currency issuance and currency policy, the most critical sources of power for a modern country, and thus controls the US government. By controlling the US government, the capital interest group furthers their influence on the rest of the world.