Steem Dollars vs The Coming Global Economic Crash
Gaining Steem Over The Global Elite
Press For Truth currently has an estimated account value of $1,792.40
I’d like to see that go higher, and not just for me, but for everyone.
And not because I like doing this for a living (I do) but because this is how we bring down the Rothschild's.
Going back to gold is great, but it’s not as if elite families have sold off all their gold.
I don’t think Rockefeller wealth is measured solely in US dollars.
When financial collapse occurs, and it will occur, people left holding gold will be better off than those with digital fiat bank accounts. As for cryptocurrencies? A cryptocurrency is only good so long as people accept it in exchange.
A dogecoin may forever be worthless....or maybe it will someday overtake Bitcoin, the point is, consumers ultimately decide.
Because of the nature of how cryptocurrencies work, and how digitized our world has become, competing cryptocurrencies may someday overtake all money, even gold.
Because it’s not just about the money.
Traditional banking is an obstacle cryptocurrencies have overcome.
And banking, especially central banking, is the reason we are in the mess we are in.
The old institutions engaging in fractional reserve banking are done for. The blockchain destroys them.
As outlined by my friend @dollarvigilante when he wrote Could Steem Be The Gateway Drug To Mainstream Cryptocurrency Usage And The End of Central Banks and Government? and as I outlined in this video post here Steemit Is A Game Changer And Here's Why
While the rest of the world plays catch-up, a repeat of 2008 (except this time on steroids) may speed the process up. Or slow it down, sliding us further into tyranny.
Which brings me back to Steemit’s potential to overthrow elite families. When you up vote and comment on this post, you not only help sustain my work, you can earn wealth yourself. And that moves the money-power away from the controlled establishment, with its fraudulent banking and media, and back to the people and independent content creators!
The Coming Global Economic Crash Is Just A Matter Of Time
What's happening with Steemit is a beautiful thing and I hope you'll join me!
I think that banks can and will easy jump in to crypto. I don't like to see that, but they have enough fiat money to do so.
They can get a good deal that way, but it doesn't fundamentally change the game. Crypto, like other finite things, cannot be inflated, controlled, and manipulated the way fiat can
gud article. Like it @pressfortruth
Thank you!
great article - its through this type of 'wakening up' people to what is actually happening in the real world that change can happen. Banking needs a complete overhaul and crypto is the answer- providing the elite families dont get in on the act!!!
The World will soon learn that you can't fix a debt problem with more debt!
@jrcornel
Great post Dan! This how I felt reading it.
lol
I am a news junkie and watch both main stream media and the underground kind of media. I have a particular interest in the Economy, but have not heard of STEEMIT or Cryptocurriencies before in any of the stuff I watch. Perhaps a more liberal announcement of this great concept should be made. We need a global movement to get the word out there. Just a thought
A good read @pressfortruth. Thanks. To your point about recapturing power for the content creators -- John Howkins' 2001 book - The Creative Economy - is a good read on how the future will be all about content, and the creatives that produce it. Amazon link for those with interest is here: https://www.amazon.com/Creative-Economy-People-Money-Ideas/dp/0141977035/ref=sr_1_1?ie=UTF8&qid=1471982763&sr=8-1&keywords=creative+economy
I sure hope you are right in your assessment, but then if global fiat money goes down in the pan, surely it will be difficult for anyone to sell off the crypto stuff to get food in a world which had intrinsically fallen apart ? What are your thoughts on that ??
There would be a transition period where it is hard to buy anything at all when the banks go down. That's why you want some physical cash on hand and maybe junk silver (old dimes, etc) so that you have something physical to trade. And of course store up enough food to get by for 3 months or more.
BUT eventually a new system will sort itself out. Maybe something companies will start accepting something like GoldMoney and BitCoin, and any other cryptocurrencies can be converted into one of these before shopping. I don't know, but a new system will arise out of the ashes and chaos.
I hold a lot of physical gold, arms, ammo, emergency rations, antibiotics and other medical supplies, solar power components, a seed bank in a Pelican box, a lot of diesel, tons of fishing equipment (I'm on the water), and perhaps most importantly I make sure I have the knowledge to survive (which may be the most precious commodity). All are barter-able. The last being the only one, when traded, costs me nothing but a little time.
After the dust settled, crypto currencies would be a mainstay of trade and a primary currency I would guess
Human networks grow resilience. As economic instability grows, my hope is that the relationships built around crypto (such as on Steemit) will strengthen the trade/value exchange networks that we all rely upon. If we do a good enough job with this, we should be able to weather whatever kind of storm may be on the horizon.
When you hand over YOUR money to the bank did you know it no longer belongs to you? Just look at Greece recently when they were only allowed to withdraw 50 euros a day! The central banks were able to buy Greece's resources for pennies on the dollar do!