He seems to be using the emergence of digital currencies as a pretext to shift Federal Reserve Notes into an even less tangible, and more inflatable, currency supply.
A few years back, the Federal Reserve announced it would no longer be telling the People in its' quarterly reports how many Federal Reserve Notes it had out there in circulation. It's now impossible to know the value of a dollar.
Digitizing currency would be the next move away from hard backing. They've been pulling this ever since they yanked the gold out of the dollar, by force. Now they're trying to do it again, and this time use modernization as a pretext.
They're probably banking on the idea that most people will be using Facebook Credits
1 or some equivalent which the establishment can control. That would allow them to tinker with and warp the economy even more than they already do, and far more easily. Hyperinflation. Unbelievable money market manipulation.
Which is actually great news for BitCoin users.
Insist on a harder currency than even Federal Reserve Notes, and keep it, and you'll have more value as everything else inflates around you.__
1 Facebook and Google both come from a company called In-Q-Tel, which is the C.I.A.'s corporate investment arm. When they want to do something they're not allowed to do, they very frequently start a corporation to get around their federal restrictions. Facebook for instance works with the Information Awareness Office to collect, and freely distribute to any entity they like, information you post on Facebook and anywhere else around the Internet. The IAO accumulates this information on citizens in a database, and thus tries to hack the Fourth Amendment prohibition against search and seizure without a warrant. Google places itself as the leader of free information services, where you can go online and give it all your data to put into charts and so forth. The CIA's Keyhole program was implemented by Google and became known to the public as Google Earth. The reason the mainstream know about, use and trust sites like Facebook and Google is that those are the services promoted on the news and other mainstream media. Those media corporations are owned by the same few parent companies, allowing the opportunity for easy market saturation and manipulation. All of this is readily verifiable online.
