Generations Radio

Kevin Swanson

Cryptocurrencies, Greed, and Federal Reserve - Is Bitcoin a Big Ponzi Scheme?

October 9, 2017
00:00 40:27

Cryptocurrencies have grown to a $100 billion business just since 2011. Computer-generated coins like Bitcoin have increased in value from $30 in 2013 to $4200 this week. Some economists see it as a gigantic Ponzi-scheme, second only to Social Security in its success. Do we agree? Is it better than the unbacked money churned out by the Federal Reserve Bank? What makes a currency, and is Bitcoin treated as a currency or a commodity investment? These are important questions. But then we ask the question. . .should we really be involved in fractional reserve banking, given the Exodus 22:26 principle?

This program includes:

1. Generations with Kevin Swanson

2. The World View in 5 Minutes with Adam McManus (Obamacare Abortifacient Funding Requirement Removed, Are There Dangers in Halloween?, More Evidence on Abortion-Breast Cancer Connection)

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About Generations Radio

Heard in all 50 states and over 60 countries around the world, Generations Radio brings a fast and fresh perspective to issues touching Christian families. From cultural commentary and movie reviews to education and homeschooling, Generations Radio has it every day - all from a distinctively biblical worldview

About Kevin Swanson

Kevin Swanson is the host of Generations Radio and a homeschool father of five children. Homeschooled himself in the 1960's and 1970's, Kevin went on to run for US Senate and has since traveled around the US and world speaking on the family, education, and biblical worldview. As the Director of Generations with Vision, Kevin has a passion for faith, family, and freedom in the 21st Century.

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