@bunnychum Great post as usual. Just wanted to add that a lot of people confuse the term "not a legal tender" with the term "illegal". These are two completely different things. The desired outcome of all these bans for governments is simply imposing regulations so that they still retain control of the financial and banking industries and don't sacrifice local economies and national currencies. The US senate is holding a hearing on Feb 6, so let's wait and see how this changes things. Also, history speaks for itself. Both India and China tried to ban gold a few years ago. The US did in fact ban gold back in the 30's, but that only pushed people to buy more. Now think about which governments hold the most gold reserves and you'll figure out the game here.
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@elmagnoon true indeed, it is very hard to explain people about the terms governments use. especially with media poking.