Inflatable Bitcoin Rat Makes Comeback Due To Federal Reserve Ethics Issue
20 Settembre 2021 - 07:28PM
NEWSBTC
This content was originally featured on Bitcoinist In October 2018,
a massive inflatable Bitcoin rat was erected outside of the United
States Federal Reserve building by artist Nelson Saiers. Now, the
former Managing Director for Deutsche Bank AG and hedge fund
manager turned mathematical artist is back at it, as the Fed is up
to no good once again. Here is a glimpse at what is going on at the
Fed currently that’s caused Saiers to raise a such a stir, how it
involves Bitcoin, and what you can do to take a stand like Saiers
has. Nelson Saiers And His 2018 Inflatable Bitcoin Rat Bitcoin
wouldn’t be where it is today, trading at more than $40,000 per
coin, if it weren’t for early evangelists spreading the
cryptocurrency’s message. No other form of money exists with such
scarcity, and it is thanks to a foundation of mathematical code.
Math is right up Saiers’ alley. Saiers has been referred to as the
“Warhol of Wall Street” due to his financial-based artworks, and
received his PhD in Math at the age of 23. Related Reading |
Bitcoin Golden Cross: Everything You Need To Know About The Bullish
Signal As an artist, he’s produced pieces heavy with geometry and
numbers. In one such example, Saiers features $10 bills crushed up
in a vending machine costing only 50 cents each. Here $10 bills are
for “sale” for 50 cents. Alexander Hamilton, whose image adorns the
$10 was a huge advocate for a “national bank”. His ideas provided
the foundation for the creation of the Federal Reserve a century
later. Cheap Money (low interest rates which are often impacted by
the FED) was a central cause of 2008 Crash, a description reads.
Saiers’ latest piece is also directly outside the Fed, because he’s
trying to raise awareness for something he’s shocked there isn’t
more “outrage” over: Federal Reserve presidents playing games with
rates and other levers while they are also trading securities in
their personal accounts. Crypto has come a long way since Saiers'
last stunt in front of the Fed | Source: BTCUSD on TradingView.com
The latest Bitcoin rat has been slightly modified from the 2018
original. The newest has a black right eye, which represents how
the actions of the Fed presidents are “a real black eye” for the
Federal Reserve’s “reputation.” The eye also says POW in reference
to the proof-of-work consensus mechanism Bitcoin uses. The black
eye also references “getting punched” Saiers told us. Also updated
from the original is the sign that said “I smell a rat.” It now
reads “I smell 2 weasels” along with the question “does anybody
know how to get to Dallas?” Saiers has shared some exclusive photos
with us, which you can check out below. What’s Going On With The
Fed? The situation the art piece is referencing, is an “ethics
review” called for by Fed chairman Jerome Powell, in response to
letters Senator Elizabeth Warren sent to the Fed’s regional
bank presidents demanding stricter ethics policies, especially
around each president’s own holdings. All this comes following
several Fed presidents disclosing stock trades, which have come
under scrutiny. The “2 weasels” in question are, Boston Fed
President Eric Rosengren, who held stock in in Pfizer, Chevron and
AT&T, and Dallas Fed President Robert Kaplan who traded
seven-digits worth of stocks like Apple, Amazon and Delta Air
Lines, according to a CNBC report. The problem isn’t that these
people were trading stocks, but doing so while also – as Saiers
points out – making “rate and bailout decisions.” So how does this
all involve Bitcoin? Well, aside from the fact Saiers has used BTC
in the past to prove similar points, the lack of noise around Wall
Street and traditional markets over this ethical issue has caused
him to turn to crypto instead. “Satoshi couldn’t stand bailouts,”
Saiers said, “so I wanted to bring attention to it to the crypto
world.” Saiers’ art is now standing in opposition of the Fed
right now. Related Reading | Bitcoin NFT “The Death Of Fiat”
Commemorates Historic Crypto Bull Run With Saiers’ statement now
out there, will crypto help the rest of the world wake up to what
is going on right under their noses? And when they do, will they
finally understand why Bitcoin is so special? Probably not, but the
more central banks cause distrust, the better the case for Bitcoin
in the long run. Special thanks to those like Satoshi, Saiers, and
others who selflessly fight causes that effect so many others. If
you want to get involved and stop this, buying BTC is one option,
but you can also contact your local state and federal elected
officials and let your voice be heard. Follow @TonySpilotroBTC on
Twitter or via the TonyTradesBTC Telegram. Content
is educational and should not be considered investment
advice. Featured image from iStockPhoto, Charts from
TradingView.com
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