The Economist 1988's Front Cover Foretelling a World Currency in 2018 - Is This True?

in bitcoin •  2 years ago  (edited)

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Recently I came across this image used by @dollarvigilante in his post The Globalist Plan To Blame Bitcoin for Biblical Level Collapse in 2018. First of all, I would like to say that I think the world is chaotic and messy enough, making it rather impossible to fall under anyone's control, especially 30 years in the making. The doomporn and globalist conspiracy narrative is fun and all, but I really think it should just fall under the tag "entertainment" to be honest.

Nothing against good entertainers, but I just have a beef when it comes to weak journalism that takes advantage of people's fears and insecurities. @dollarvigilante weaved a story with the usual conspiracy theory narrative to appeal to cognitive biases and mentioned "As always, I look for the clues directly from those who currently control the world for the answers. And I keep gravitating back to this Rothschild owned Economist magazine front cover from 1988" before dropping the image above.

I thought having the 2018 text on the phoenix's emblem was a little too coincidental. Anyone that can plan 30 years ahead and execute their globalist plans to the dot must be gods! So I did some magic internet research. No substantial source at all even with so many Youtubers and doom preppers eating up that image and fitting it into their neat conspiracy theories. Everything that I found, even Zero Hedge's article on it cites The Economist's publication on January 9, 1988, Vol. 306, pp 9-10, but the links only point to this 1998 article on The Economist which has nothing to do with the image above.

Even what seems to be the original source of reporting is sketchy as well. I know I shouldn't appeal to the authority of nice website URLs and aesthetics, but look at this "Socio-Economics History Blog" and tell me. There's nothing to be found!

lookslike.png

Except this one, but I'm not even sure if it's the real thing since it's on a blog called "The Endtime Observer". I'll take it though since it's the only lead that looks different from the rest. There are also no such covers for The Economist magazines ranging from year 1980 - 1995 on eBay. So the question begs, why would anyone do this?

Easy, although I'm saying this without much research at all. The most backdated timestamp of the magazine cover only emerged back in 2013/2014. It's likely to be the work of 4chan trolls and Bitcoiners. It's a fact that 4chan trolls have been hard at work poisoning the well, feeding the minds of gullible information consumers on the Internet ever since it became a thing. The emotionally-sensitive are just too primed to fall for neatly-packaged stories that empower their own biased narratives all too often. So @dollarvigilante, please use the "entertainment" tag more liberally. I really enjoy that aspect of your shows, but I've never seen that tag used before.

Okay I'll go on a little bit more on a more lengthy rant here because I have some issues with some parts of the "truther" / "conspiracy-theorist" community. Pretty sure some do great work in exposing the injustices that might be going on, but seriously there's no greater appeal to authority than attempting to strengthen one's arguments by pointing at anything remotely close to confirming one's beliefs. Appeal to numerology and imagery comes to mind.

Plus for all the warnings of evil politicians and globalists trying to take over the world, has anyone ever noticed that 99% of us just don't give a shit? I wonder why the conspiracy-community is so obsessed with these people in places of power that they keep on talking about them, as if to give these people in places of power, more power? Something to sell I guess.

But here's a better form of power for the people: how about we just do our own thing, move on, and build something better for ourselves? Switch the channel. Rumour and gossip mongering is a huge waste of time.

So is the magazine cover the real deal? It doesn't matter. The world is too messy for any pre-planned collapse of the economy and it's impossible to predict what's going to happen in the future. So why am I ranting about this? I guess I just have a problem with all sorts of propaganda.. and not just what @dollarvigilante has been trying to sell.

If you're up for something that's better without all the boo-boo, but have guessed the emergence of Bitcoin since 1997 through analysis of technological progress and megapolitical shifts, check this book out - The Sovereign Individual: Mastering the Transition to the Information Age. It's way more realistic and critical, in my opinion.

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This is one of the best articles I have read in a while.

I am well aware of how fucked up the world is but also just as aware of how fucked up most of the "truthers" are as well. It so obvious how the gloom and doom scenario is used to make money and its so easy to just blame the corps or governments.

Yet its actually the PEOPLE that feed the corps and the governments.....So.....

The MAIN point here is the if we don't like something than its up to us to create something better. Even if thats just for our own life and not for the entire world. Complaining and blaming is the REAL problem.

That is why I dedicated my life 15 years ago to creating a life that I actually wanted to live to save my self from the pain, suffering and deep depression of living in a world I hated.

Now i have an amazing life that I love and have helped thousands of people improve their life while also saving the environment as a whole.

Really great article brother. Congrats.

Thanks for the kind words @quinneaker you've definitely got your part straightened out. It's going to be a slow process but people will change as more show examples and options of how life can be like. For one I like urban areas, so sustainable urban living is something I'm always looking into.

Yes I have found and proven that sustainable living is not only doable in urban environments but in many ways much better. I highly recommend it though choosing the "right urban environment" is key.

Just keep your thoughts and actions full steem ahead on the ideals you wish to live and so it shall be.

The world will do whatever it does.

Blessings Brother~*~

Thank you for looking into this. I had just found that cover and then I found your article next.

These predictions have been going around for hundreds of years. Nothing new.

Ha. People love a good scare story. And many profit off of these scare stories. Many perma bears speak of the market collapse over and over again. Eventually there is a correction and they are like I told so. I guess even a broken clock is right two times a day.

http://csat.au.af.mil/2025/volume3/vol3ch15.pdf

Here you have one :-) Note the URL.

Terence McKenna:

Into that dimension of anxiety created by this inability to parse reality rushes a bewildering variety of squirrelly notions, epistemological cartoons if you will. Conspiracy theory, in my humble opinion, is a kind of epistemological cartoon about reality.

Isn’t it so simple to believe that things are run by the greys, and that all we have to do is trade sufficient fetal tissue to them and then we can solve our technological problems, or isn’t it comforting to believe that the Jews are behind everything, or the Communist Party, or the Catholic Church, or the Masons. Well, these are epistemological cartoons, it is kindergarten in the art of amateur historiography.

I believe that the truth of the matter is far more terrifying, that the real truth that dare not speak itself is that no one is in control, absolutely no one. This stuff is ruled by the equations of dynamics and chaos. There may be entities seeking control, but to seek control is to take enormous aggravation upon yourself. It’s like trying to control a dream.

LOVE THIS QUOTE!

Wow didn't know there was such a quote from Terrence :) thank you

Last Warning: Cryptocurrencies are part of the beast system - The End of Freedom

Excellent McKenna reference and highly appropriate. Thnx for sharing.

Very interesting quote.

What do you think about the following one? Do you think it's possible Terence McKenna may have been recruited by the authorities in exchange for them turning a blind eye regarding his hash smuggling operation?

Questioner: I’m real curious about one thing. Why is it important for you to do this?

Terence McKenna: I wonder myself. You mean am I the alien ambassador whether I like it or not? [laughs]. Well, often when asked this question, I've said it beats honest work. I mean, my brother is a PhD in three subjects and works in hard science and yet I don't think it's brought him immense happiness. Not that he's despondent. But I was always kind of a slider. You know?
And certainly when I reached La Chorerra in 1971 I had a price on my head by the FBI, I was running out of money, I was at the end of my rope. And then they recruited me and said, "you know, with a mouth like yours there's a place for you in our organization". And I've worked in deep background positions about which the less said the better. And then about 15 years ago they shifted me into public relations and I've been there to the present.
I think ideas get me high. And I like the feeling of understanding and I love diversity to the point of...

He's talking about they as in the "aliens". ☺ Too many buzzwords in the video before the actual audio: "obviously", "clearly", "100%", " etc. He always joked about this. He said that in the '70 was broke and running from the police and then he discovered magic mushrooms and it gave him purpose and meaning. He started giving presentations, writting books and spreading the ideas he developed/received by using mushrooms. ☺

Think about this for a moment. Let's say Terence was recruted by whatevet agency. What was the point? To popularize the use of psychedelics to the general public? Because that's what he did. To promote illegal activities? Because that's what he did. To speak against war mongering assholes and control freak politicians and authorities? Because that's what he did. Terence had a very anarchic message. Also, the people that tried psychedelics know how the pyschedelic experience is freeing the mind from all the bullshit that these agencies and authorities fill us with.

Conspiracy minded people are so silly when it comes to certain topics. They fail to understand the use of methaphors and humour in this case. And sometimes they're just dumb.

The CIA and the army studied how they can use psychedelics for their own purposes but they stopped when they saw the results varied wildly from person to person. They couldn't control the outcome. Control freaks don't care about things they can't control the outcome of.

People who keep talking about MK-ULTRA and mind control through the use of psychedelics either they're bullshiting or they haven't tried psychedelics. It's impossible to control the psychedelic experience. Or so I've heard. ☺

If someone wants to talk about mind control through spreading lies/misinformation/propaganda using electronic mediums then yeah, I'm all for that. You know, misinformation like for example, conspiracy theories. ☺

To popularize the use of psychedelics to the general public? Because that's what he did. To promote illegal activities? Because that's what he did.

Yes, that's about the argument of Jan Irvin. That the counterculture was encouraged and propagated to a certain point by such an entity as the CIA for the purpose of debasing the values of society. He would call ideas such as the one being put forth in The Sacred Mushroom and the Cross by John Allegro as weaponized anthropology. It's well known that the CIA has been involved in drug smuggling, in mind control experiments, and in the entertainment industry. So I don't see why thinking Mckenna getting off scot-free after being caught doing something illegal, while supposedly being a threat to the authorities, and then making ambiguous jokes about him being recruited by ''they'' (note that FBI is something like seven sentences closer to ''they'' than the word alien) could only mean that ''conspiracy-minded people'' are silly/dumb, for that the misinterpretation would solely fall on them. In this case, I think the responsibility​ of discombobulation rather falls on McKenna.

B.t.w., I forgot to mention that I don't​ think McKenna's ideas about the concept of a ''mother of all conspiracies'' (that's what it is because whether​ people like it or not conspiracies do exist) and the possibility of him having been entangled in some intelligence​ apparatus aren't mutually exclusive. Both make sense to me. :-)

I hadn't seen your three last paragraphs when I started answering you.

A predictable hyper-suggestibility outcome out of the use of a particular psychotomimetic substance supposedly does exist with the consumption of scopolamine:

The effects of scopolamine were studied for use as a truth serum in interrogations in the early 20th century, but because of the side effects, investigations were dropped. In 2009, it was proven that Czechoslovak communist state security secret police used scopolamine at least three times to obtain confessions from alleged antistate conspirators.

This is how I first heard about it:

World's Scariest Drug (Documentary Exclusive)

VICE's Ryan Duffy went to Colombia to check out a strange and powerful drug called Scopolamine, also known as "The Devil's Breath." It's a substance so intense that it renders a person incapable of exercising free will. The first few days in the country were a harrowing montage of freaked-out dealers and unimaginable horror stories about Scopolamine. After meeting only a few people with firsthand experience, the story took a far darker turn than we ever could have imagined.

I think psychedelics are like ''conspiracy theories'', you can't put them into a single block as all being the same without the risk of creating a straw man argument. So yes, I agree with some conspiracy theories probably being used as a disinformation tool to spread cognitive dissonance, and with some others fitting in the urban legend category, while the rest must be falling in line with the where there's smoke, there's fire idiom.

Scopolamine is not a psychedelic. It's a deliriant if used in high amount doses. Not the same thing.

Fair enough. According to Wikipedia:

Hyoscine is in the antimuscarinic family of medications...

Found on the CIA's website:

Because of a number of undesirable side effects, scopolamine was shortly disqualified as a "truth" drug. Among the most disabling of the side effects are hallucinations, disturbed perception, somnolence, and physiological phenomena such as headache, rapid heart, and blurred vision, which distract the subject from the central purpose of the interview. Furthermore, the physical action is long, far outlasting the psychological effects.

It can give hallucinations. As a psychoactive agent, it's in the same larger nomenclature of hallucinogen.

You're right, it is usually not classified as a psychedelic, nor as a dissociative, but rather as a deliriant:

Naturally occurring deliriants are found in plant species such as Atropa belladonna (deadly nightshade), various Brugmansia species (Angel's Trumpets), Datura stramonium (Jimson weed), Hyoscyamus niger (henbane), and Mandragora officinarum (mandrake) in the form of tropane alkaloids (notably atropine, scopolamine, and hyoscyamine).

Maybe I should have used the word drugs instead of psychedelics in my last paragraph.

Again on Wikipedia, the full scope of the drugs used in Project MKUltra seems rather vague:

MKUltra used numerous methods to manipulate people's mental states and alter brain functions, including the surreptitious administration of drugs (especially LSD) and other chemicals, hypnosis,[citation needed] sensory deprivation, isolation and verbal abuse, as well as other forms of psychological torture.

Haha! Nice job getting ahead of fake news, man! I really like the effort you put into doing the research. All of the links are highly appreciated. I sincerely hope this reaches more eyes so that it could defuse some FUD that could spring from those conspiracies. It's one thing when it comes from someone that could be passed off as a nutjob, it's another thing if it comes from someone a lot of people listen to.

Get an Economist subscription. Read the article in their archive. The coin on the cover says 2018 because the scenario the Economist develops is «thirty years from now».

«THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.»

http://www.zerohedge.com/news/2017-07-09/economist-get-ready-world-currency-2018

Do you think the Economist is a conspiracy magazine? Read it, it's not only about economy but also politics and science and wuite worthwile.

Get me a link. I've already mentioned in the article the zerohedge page doesn't point to the right article on theeconomist at all. Do you have a sub? I don't think they've any archive on the site before 1992.

Edit: I'm a reader on the economist btw. love their work.

Oh, you mean you want real evidence. LOL Like a link.

Yea I can accept links from the pre-blockchain era...

LOL chill out, man ;) I didn't name names, but I never meant to insinuate the Economist as a conspiracy magazine. Thirty years ago, I don't think fake news was even a thing. But anyway, yeah, I respect what the people at the Economist do and I never thought of them as spreading false information.

Nice balanced perspective. I appreciate that since I automatically lean towards the more sensational myself. Thanks.

Thanks for dropping by! Me too. Until someone else reminds me about my tendencies :)

Really like your effort :)
Best wishes for my asian friend
@kevinwong ☺☺☺☺

Let's all use the Internet and check the websites of The Council on Foreign Relations, Chatham House, Fabians. Do you think their work is random and chaotic? And they're not only around for 30 years.

Glad you researched this.. I've heard a lot of people mention the Economist 1988 cover and refer to Bitcoin, but it all seems sketchy to me

Well the best is to actually give a call to The Economist and confirm it, but with the lack of any alternative info on the net and on eBay auctions, I think it's safe to assume it's not legit.. but then again it might be true ;)

Conspiracy and propaganda is good business. I think most peddlers also do not totally believe in all they write but it's an emotional topic that taps into people's curiosity so it sells, probably next to sex. Considering that I have also fed into conspiracy a lot while a teen, I also feel Cryptos especially, Bitcoin is the closest thing to a One world currency (the so called NWO) but it's nothing to worry about in any way.

Even Keanu Reeves is saying bitcoin will defeat the NWO lol

Lol. I will only believe him because he was Neo in the matrix otherwise the way I see cryptos is that they bridge the fiat currency borders. Everybody, regardless of their country can hold cryptos and spend it worldwide while the local fiat works within national borders. Since bitcoin is like the coin that rules the others, it's technically a global currency now and currently bigger than the dollar. Once there is mainstream acceptance, then, it's all over. Just yesterday, I wanted to pay for Web hosting and my host accepts bitcoin now. Only thing is it is decentralized, but it's the people who hold the larger percentage of the limited supply that will Control the bitcoin economy (maybe they are with the NWO, who knows. Lol)

a global currency has been in existence for a long time.
it's called the dollar.

Lol @everittdmickey, always with on-point comments :)

thanx...I try.

Thanks for brining that to light ... been seeing this circulated around several social media sites including Instagram and Facebook and wonder the validity of it.

I've seen this quite a few times in the last several years on all types of blogs and you tube vids. Funny how it always seems to resurface. I don't know really what to make of it. I just keep on keepin' on no matter how it's portrayed. Chin up, one foot after the other is all one can do...........

We'll just Steem on regardless :)

Oh yes my friend steem on is great advice! You as well! My steem journey has been pretty fulfilling to date and loads of fun. I enjoy being a part of and watching others journeys as well like yours. Thank you so much as always.

Nothing against good entertainers, but I just have a beef when it comes to weak journalism that takes advantage of people's fears and insecurities.

This is so many entertainers these days, because it sells. No doubt that was the goal of @dollarvigilante, at least to some extent. This is a beautiful community that has so much great going for it, and one of those things is the potential to earn money. Making a post that posits conspiracy theories/propaganda is almost sure entertainment, likely to grab attention and get upvotes, especially if the author is good at his craft. The entertainment tag is a great idea for people not wanting to get confused with propagandists, though maybe disclosing that cover wouldn't suit the cause...

Anyway, interesting rant here. A+

I think Jeff is right about the end result, but wrong about the facts. Personally, I've studied too much science to believe in flat earth and that the Moon landing was fake. I was alive and watched the latter happen. Too many things would have to go against reality. But I do think we're in for a very rocky 2018 with governments starting to go after crypto.

Now wondering if the death of net neutrality will lead to me paying more for supporting my software business. Am thinking of rescinding my ecommerce provider and no longer accepting USD for my business and only accept crypto instead. Somebody's got to start drawing the line against web centralization.

Everyday is doomsday for the permabears (or the ones having a business reason to do so)..

Not too sure about what's gonna happen with the NN repealed. The many layers of infrastructure were enabled by an entrepreneurial state anyway, so I wonder how that'll work out. Bought some Substratum just in case lol

How did you get to the Moon to "watch it happen"?

I think it that it was just a coincidence. Or just a prank? Anyway, your blog is so informative and very well-detailed. You’re a great “writer”. :)

Lol thanks, just a wannabe writer here :) Prank or not.. anything u put up with numbers linking to some epic stuff will eventually be picked up by someone to support their claims..

It seems you are allergic to propaganda and conspiracy theories :)) It was entertaining to see you rant a bit. I think these kinds of posts will be more frequent on steemit ... unfortunately.

Which is why i use the entertainment tag quite often lol. Yeah, I don't know what to make of incentivising weak journalism and misinformation..

It doesn't look good for anyone who really thinks, questions and uses common sense. Its good for all the blamers, complainers and conspiracy theorists.

ummm
journalists are ignorant and probably stoopid?
my favorite theory is that they have 'daddy issues'..they want someone to be in charge...they want someone to BLAME.

It's not ok to blame all journalist , there are plenty of good ones out there.

certainly...and there are also good cops, and honest lawyers,

Nice. Seeing this side of you taking down the fake news. I like that!

Not gonna popular amongst certain groups lol.. but whatver

The truth will always make some people up set. I am glad you care more about the truth than being approved of.

Btw heard of James Randi? He takes down charlatans.Maybe you'll enjoy it:

I fucking love him.

I have seen this and its really good!

he's DA BOMB

Agree!

Gonna have a watch at this tomorrow afternoon thanks :)

I have watched it and its quite good. Def worth a go!

That was some good investigation! Good to know a bit more about the story...

Now for my humble opinion: The story may have been fake, but I would not be surprised if the intent is real. Federal Bankers in America already seem to really have it out for crypto-currencies.

We also cannot underestimate the infinite stupidity in the world that would lap up any story told to them by a 'respectable source'.

PS. Not a conspiracy theorist... I just like thinking about worst case scenario outcomes and hypothesizing.

Not surprised if it happens! I mean if anyone in position of power is threatened, anything can happen i guess..

The naked truth is that fiat = slavery.

You are doing it wrong.

You see. 8026 is the Coin Counterfeiting statue for the State of South Dakota in 1901. 1901 is the year of a great stock market crash, called the Panic of 1901. This was caused after J.P. Morgan and William Rockefeller, who afterwards created the Northern Securities Company. This was the first anti-trust break up by Teddy Roosevelt. Because of this action, J.P. Morgan, who had bailed out the US government a few years earlier, worked with the Global Cabal to replace the leaders of the world.

The UK had already lost their last true Sovereign, when Queen Victoria died, leading to the making the crown a mere ceremonial position decades later. As you can see, the eagle in the picture is bowing in loss as Queen Victoria was not only Queen of Britain, but related to the House of Hanover, which was a ruling class in Germany. The eagle is a symbol for Germany and the crown being the Sovereign. Queen Victoria was married to Christian IX of Denmark.

The number 10 symbolizes a circle. Coming full circle. The ø, in Danish, is pronounced like "eu". Or, E U, European Union, the state of the Globalists.

This image is showing the Globalists' desire to use counterfeit coin to destroy the world's currencies.

Interesting info , thanks @deanlogic :)

This fits well with the overall liberalism-pushing that has been going on for a while now and intensifies day by day. Let's put people into 'pure' capitalism, in which of course they take control, and then replace the only thing that gives them freedom by something they too control. Sounds like a shortcut to good old communism if you want to put it that way. Might be time to step up our game and become involved in EU politics.

Its why the EU mandated asked each country shackled with the EU, that they allow the horde ghosts army invading forces refugees to enter their countries. The end game is to eliminate any sense of country or individual pride. It will be easy to separate the useful idiots refugees from the lily white natives when the time comes.

Exactly. But hey you know, it's all 'fake news'. It's terrifying to see people accept such a development without questioning a damn thing...

Very interesting indeed.

But I think to say that 8026 is the Coin Counterfeiting statute for the State of South Dakota in 1901 is incorrect. The Statutes of the State of South Dakota (2d Rev. Ed.) Embracing the General Laws in Force Jan. 1, 1901 you point at can be entirely looked at on Wikisource. There, it ends at page 1,111. I think what your Google search ended finding is rather the first related book down below, namely the Statutes of the state of South Dakota: embracing the general laws in force Jan. 1, 1899 : with digested notes of judicial decisions construing the law, Volume 1. Clicking on it and searching for 8026 we unfortunately get incomplete index results (such as counterfeiting with intent to utter in state, is forgery, 8026) supposedly found on pages 2,198 and 2,248. I haven't been able to find the complete book (or even a complete page) there or elsewhere for that matter.

As for Teddy Rossevelt, what you are saying regarding the anti-trust break up seems to make sense, but I don't see how South Dakota fits in with his actions. His only connection I have found is with the neighbouring state, North Dakota:

Roosevelt moved West following the 1884 presidential election, and he built a second ranch named Elkhorn, which was thirty-five miles (56 km) north of the boomtown of Medora, North Dakota. Roosevelt learned to ride western style, rope and hunt on the banks of the Little Missouri. Though he earned the respect of the authentic cowboys, they were not overly impressed.

But, what I did found of interest on the topic of money and international affairs was about Richard F. Pettigrew, South Dakota's first Senator to the United States Senate who served from November 2, 1889 to March 4, 1901:

In 1917, while being interviewed by a journalist from the Argus Leader, Pettigrew offered his opinion that the First World War was a capitalist scheme intended to further enrich the wealthy, and he urged young men to evade the draft. The local United States Attorney secured a felony indictment of Pettigrew for suspicion of violating the Espionage Act of 1917, the same charge for which Socialist leader Eugene V. Debs was then presently serving a ten-year Federal prison sentence.
Pettigrew assembled a high-powered legal defense team headed up by his close personal friend, prominent attorney Clarence Darrow. The trial was repeatedly delayed, and eventually the charge against him was dropped.
Pettigrew had the formal document of indictment framed, and prominently displayed in his home next to a framed copy of the United States Declaration of Independence, where it remains to this day as part of the exhibits of the Pettigrew House & Museum.

I was trying to find the South Dakota connection, but I didn't research it enough.

This was mostly tongue-in-cheek, thanks for helping out.

Same here, these things sometimes take way more time to research than the tiny hour I just spent googling.

Still, I think there could be something about this circa1900/SouthDakota8026/counterfeiting​ thing.

OK, so just found this from Highbeam Research. Here is the link https://www.highbeam.com/doc/1G1-6359751.html

The site is an archive of publications and says this in its About us section "HighBeam Research is operated by Cengage Learning, a leading provider of innovative teaching, learning, and research solutions for the professional, library, and academic audiences worldwide." There is a link to the full archived editorial for subscribers.

Get ready for the phoenix. (government and businessmen are growing tired of floating exchange rates) (editorial)

THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let's say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today's national currencies, which by then will seem a quaint cause of much disruption to economic life in the late twentieth century.

At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987. The governments of the big economies tried to move an inch or two towards a more managed system of exchange rates-a logical preliminary, it might seem, to radical monetary reform. For lack of co-operation in their underlying economic policies they bungled it horribly, and provoked the rise in interest rates that brought on the stockmarket crash of October. These events have chastened exchange-rate reformers. The market crash taught them that the pretence of policy cooperation can be worse than nothing, and that until real co, operation is feasible (ie, until governments surrender some economic sovereignty) further attempts to peg currencies will flounder. …

The Economist (US)
January 9, 1988 |

Oh yeah, you're absolutely right, the more Bitcoin and other crypto currencies are gaining popularity around the world, there are those who want to catch fish in muddy water. All these fake news and all possible horror stories are taken from here. Probably from this they feel pleasure, ha ha ha. Thank you @kevinwong

  ·  2 years ago (edited)

i don't support,but i appreciate your post and your talk.....great analysis and very informative information.thanks for sharing

THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.

At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987. The governments of the big economies tried to move an inch or two towards a more managed system of exchange rates – a logical preliminary, it might seem, to radical monetary reform. For lack of co-operation in their underlying economic policies they bungled it horribly, and provoked the rise in interest rates that brought on the stock market crash of October. These events have chastened exchange-rate reformers. The market crash taught them that the pretence of policy co-operation can be worse than nothing, and that until real co-operation is feasible (i.e., until governments surrender some economic sovereignty) further attempts to peg currencies will flounder.

no i doubt it a fake news

perspective point of view. I value that since I automatically lean towards the more hair-raising myself @kevinwong

Good content and quite informative. This is what I need. Thanks a lot.

This is your informative and educative content from this i have learned more and more .Thanks for sharing [email protected]

So valuable information on advanced world currency, thank you so much! Resteemed and instant followed.keep up the good work in world currency .thanks for sharing.
i am very glad, because i followed you and upvoted your post.....

every ascedan has diminution so who knows what will happen to cryptocurrency bitcoins next year. but from my side all the best to BTC holders. nice info @kevinwong Resteemed & Upvoted your worthy effort

  ·  2 years ago (edited)

waah to many conspiracy running around with FUD, rummour and gossip, ppl love to spend time on this crap.. :(
Totally agree with you.. just switch the channel, would love to be in an island on my own with my family and friends who would be having the same ideology and rear chicken, goat and plant vegetables and just be away from the current rumors, gossip and FUD, and live a healthy life ... :)

Bitcoin isnt the best network and there are plenty of better networks and coins. But value isnt about being the best, it's about cryptocurrency real estate and Bitcoin is the McDonald's of cryptos and owns space in many people's minds around the world.

Excelenete post, saludos desde Venezuela!

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triggered!

Looks amazing bro thank you for sharing

There would never be a financial collapse because the Feds just have a way around it.
What we should just do is eat the fear of some to feed our own gains.

Mohon dibantu kawan-kawan yang lemah.

I like you, the doom & gloom brigade need to go back under the rock from which they came :)

I read this book and I think this article agrees

Wow wow wow you , what a toilsome working ! Respect!

Excellent analysis!

that's why some people still in love with these lol

Upvoted number 300 great number.

definitely its the blog of the day so much information quite awesome to be true !!

Preach it!

Very good analysis and very informative information.it's a helpful post.
thanks for sharing..

Pretty sure some do great work in exposing the injustices that might be going on, i like it

It's all about money. Entertainers are trying to make money.

People are WAKING UP! Thank You ! I wrote my experience on waking up and tips for dealing with the stress!
https://steemit.com/anarchy/@zoomtruth/have-you-ever-asked-is-the-whole-world-crazy

Fuck the System...

Greeting, do you believe in considerations? One of the publications that I had planned to do was about the portrayal of The Economist magazine, I remembered it when they did bitcoin theft in Slovenia recently and I was going to focus on the curious coincidence that one of Ducarto's coats of arms Carniola (1394-1918) is a similar image in addition to the way it mentions it has the date 2018 the covers of this magazine have controversial, I won you were faster, I congratulate you.

LOL. Nice job on the research!

Very beautiful post.thanks for sharing good post.resteem it.plz check

So is the magazine cover the real deal? It doesn't matter.

This guy has prooved cover is real:
https://steemit.com/economist/@subscription/fact-checking-the-infamous-1988-economist-cover-get-ready-for-a-world-currency

Let everyone decides matters it or not .