Here we go again, every time bitcoin breaks a support here is that the FUD and the fake news systematically return; this time the US federal reserve is directly dealing with false news, and the fact that certain commonplaces are spread systematically during the bearish cycles clearly indicates that upstream there is the will to manipulate the markets. Let's go in order, though, and explain precisely what happened; during a recent conference held in Frankfurt, Germany, Lael Brainard, a member of the FED's board of directors, was invited to speak, who found nothing better to say than to say that half of the volumes moved by bitcoin are attributable to illegal activities not specified. Brainard refers, in the course of his speech, to "recent studies" which he never explicitly cites, which is curious given that all the major studies done on bitcoin transactions agree in stating that volumes relating to illegal activities concern only a small part of the total volumes and, moreover, seem to be in constant and systematic decrease. Brainard then argues that only a third of cryptocurrency exchanges have adapted to the anti-money laundering directives, which may even be true, but this does not necessarily imply that the volumes that pass through those platforms are attributable to illegal activities. Brainard even went so far as to brand a large part of the community as criminals, stating in no uncertain terms that:

A study has estimated that over a quarter of bitcoin users and about half of bitcoin transactions are associated with illegal activities

In short, he did not limit himself to branding half of the bitcoin volumes as illegitimate, he defined 25% of the community as criminals; only sin that all this can no longer even be included in the channel of personal opinions, simply Brainard spreads fake news, news without any foundation and already widely denied by dozens of researches and tons of documentation that certify, beyond reasonable doubt, exactly the opposite of what was stated by Brainard. We cannot therefore fail to note how systematically the institutions (in general) download their own responsibilities onto the scapegoat on duty; denounce the danger of fake news on social media while they are the first source of fake news on a global level, pointing the finger at the stablecoin stating that these coins put global financial stability at risk when it is precisely the institutions that, with creative finance, they put it at risk. Those same institutions that talk about combating terrorism while making trade agreements with countries (such as Saudi Arabia) that are among the first financiers of terrorism, who make agreements with war criminals and genocides (as the European community did in the recent scandal discovered by Avvenire on agreements between our government and the human trafficker known as Bija); it is seriously hilarious that a system that is largely based on corruption also has the barbarous courage to speak so much about legality, in contrast to illegal activities, when it is precisely the institutions themselves that draw the rein of what now appears to be a system for everyone clearly and openly criminal. A system that invents false evidence to unleash wars, a system that puts the savings of millions of people at risk by flooding the liquidity markets with the sole purpose of keeping up the system of great global speculation that, otherwise, would have already collapsed on himself, a system that has already made citizens pay for the disastrous results of their wicked choices during the 2008 crisis and that today is preparing to do the same thing again.