Libra - Another beautiful wrapper for the shit or a real threat for the global financial system?
The recent Internet feeds are replete with news about the upcoming introduction of the new Libra cryptocurrency, the price stability of which will be provided by a basket of currencies and other assets - the so-called Libra Reserve. In particular, it refers to government securities and bank deposits!
I think you already had time to familiarize yourself with the advantages of this coin, but today I wanted to talk about the hidden rock of this concept.
Looking at the organizations that joined the Libra Association, we can conclude that this is another trap invented by globalists in close cooperation with bankers to create ideal transnational world money with full control of the turnover and full identification of Libra users!
In fact, the main customers and managers are shareholders of VISA (JP Morgan, Goldman Sachs & Co., Bank of America Securities LLC, Citi, HSBC, Merrill Lynch & Co., UBS Investment Bank and Wachovia Securities)
This is another way to sell US government bonds, without any outside control but no longer to the governments of the countries, but to ordinary people like you and me.
Thus, the Libra holders directly finance the budget deficit of the US!
Considering that all wallets will be tied to Facebook accounts and telephone numbers of users, it’s absolutely not a about of confidentiality, although the developers are trying to assure us regardless of FB reputation and previous experience! Register your account will be possible only if submit ID card of the state sample!
And of course, the cherry on the cake is the ability to roll back transactions in the event of fraudulent or any other illegal actions unilaterally, which means that the technology used has nothing to do with the blockchain as well as decentralization in their classical sense
It is also foolish to believe that Facebook will not know anything about your purchases and will not use this information. After all, this targeted advertising can be sold three times more expensive.
In their userfriendly free service, we are product, as always! Products, financial information about which is ready to be profitably selled
Also reported in the news, EU officials expressed concern regarding the new Facebook project. In particular, the Minister of Finance of France stated that Libra should not become a sovereign currency. He called on the banks of the G7 countries to publish their analytics about Facebook cryptocurrency next month.
Similar concerns were expressed by MEPs from Germany, stating that Facebook runs the risk of becoming a shadow bank.
Also reported in the news, EU officials expressed concern regarding the new Facebook project. In particular, the Minister of Finance of France stated that Libra should not become a sovereign currency. He called on the banks of the G7 countries to publish their analytics on Facebook cryptocurrency next month.
Similar concerns were expressed by MEPs from Germany, stating that Facebook runs the risk of becoming a shadow bank.
A project of this level cannot be called a scam, this's wicked joke is much bigger.
In my opinion, Libra (like a Ripple) has more similarities with electronic cash like WebMoney than with any of the truly decentralized cryptocurrencies!
But the fact that such a huge audience as Facebook users, will join the use of cryptocurrency is encouraging! I believe that the knowledge of many will not be limited solely to Libra and this will positively affect the capitalization and the price of other crypto assets including Bitcoin!
Like if you agree and write a comment if not!
Used:
https://www.ixbt.com/news/2019/06/19/v-evrosojuze-uzhe-vyrazhajut-ozabochennost-v-svjazi-s-zapuskom-kriptovaljuty-facebook-libra.html
https://teletype.in/@gennady_m/rJ-PVcvkr
https://www.epravda.com.ua/rus/publications/2019/06/19/648869/index.amp
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I was thinking that it is a very well written analysis, then you tried to put a positive spin on it by claiming it will bring many FB users into the crypto world. I disagree. They will think the crypto world is whatever FB tells them it is.
The only positive spin I can see is that it will mostly be the snowflake commies who already believe in the globs, so it might be a positive aspect that they will lose thir financial independence. That is if we subscribe to the theory that if the one side weakens, the other strengthens. I have not thought it out fully, but I have the feeling that it is not how real life situations will work out.
The more there are, subservient and obedient to the globs, the more fingers on triggers to fight for them. It is never wise to underestimate the enemy.
Consider they have studied each aspect and think they have all the bases covered. See it as they do and only then start looking for the chinks in their armour - before that, you are living in a dream world, just as the snowflakes do.
I am an optimist in life and always try to believe in the best, even when the facts tell me the opposite, so I decided to finish my article on a positive note.
I also believe in the curiosity of people and in their thirst for profit ...
Many will have enough Libra, but a small part will go further in their knowledge!
Thank you for visiting and sharing your point of view!
I checked some of your photography on the RU site - quite beautiful, well done.
Glad to appreciate my hobby! My works are far from ideal, but I try;)
Wish you good luck my friend
Right, @puncakbukit reblogged your post to thousand followers.. Thank you to choose @puncakbukit as witness.