New World Currency: Fiat-Crypto, Stablecoins, Gold-backed Crypto?steemCreated with Sketch.

in #money6 years ago (edited)

Some of my own thoughts after reading recent blog post by @perceptualflaws about Global Economy prognosis for 2019.

Well, conspiracy and whatever guesses and speculations apart, just talking about straight facts... Certainly there are some plans and / or whatever arrangements made in advance long time ago. which is reflected in the fact that they were talking about new world currency in that issue 30 years ago.

If I remember correctly, that time US economy was already in deep sh1t and on the verge of collapse (and perhaps the whole western economy along with it). it was sort of a rat race. some important politician (can't recall exact name) even said something like only miracle can save them. then Perestroika started in FSU, which eventuated in its collapse (or was that "controlled demolition", pre-arranged and purposeful?) and the breaking of the whole alliance of Eeast European Socialist Block along with it. that was the "miracle" needed: US and Western countries got a brief relief, the resources they started to pump out of FSU and E.Europe helped them to stay afloat for a while...

Then about 10 years later in 1997-1998 sh1t hit the fan once again, as a continuation of so called "Tom Yum Goong Crisis" (started in Thailand) aka "1997 Asian financial crisis". The consequences were extensive and adverse: from 1997 Global Market "Mini-crash", to Fall of Suharto in Indonesia, "Dot-com bubble", Clinton's impeachment, 1998 Ruble Crisis, etc. (of course many other events happened too - especially localized war conflicts, 9/11, etc)

10 years later in 2008 another Crisis occurred ...
(it was more recent, so, no more details - I guess everyone still remembers that)

Now it is 2018th, the year on the cover of that Economist's issue. World's economy again in deep sh1t. Jamie Dimon hysterically predicts problems, almost literally calls for military actions against China ... Trump already practically wages war on China, although economical one (i.e. trade), yet war nevertheless; total or vast De-dollarization is ongoing.

All these things are played as if by notes, orchestrated by some invisible for general public conductor or as if following certain scenario. I mean : how come all these things occur like at precise cycle periods, every 10 years?

So, there must be some particular plans by whoever ("powers that be" / global elites / banksters) regarding how the whole Global Economy should develop and where to go.

I think that quite obviously US dollar role is in decline, recently it was even Bloomberg has published an article about it and Twitted: "Is it time to ditch the U.S. dollar?"

DItchD.jpg

So, it is not a "conspiracy" anymore, but something in the open, in public domain, in the Mainstream Media!

What would happen in 2019 and actually already happening: USD will seize to be a Global reserve currency as it was so far. Whether or not some other fiat currency will take its place - hard to say. Because actually all the fiat currencies are more or less the same, in the sense that they all are similar to USD: emitted by so called "Central Banks" (i.e Central bank cryptocurrencies) which are same as Fed, not controlled by governments but by some private stakeholders (and perhaps by BIS too) and accordingly are sort of "extensions" or "clones" of USD. That is why USD will not disappear completely, nobody wants that actually (neither Russia, nor China, nor anyone else): because everybody depends on it, kinda of held hostage or hooked by this green junk toilet paper, supported only by the astronomical US Debt, some questionable and declining US military and bankrupt economy. LOL :D

Therefore, perhaps the whole Crypto alternative has appeared meanwhile: Bitcoin was introduced in 2009 right after 2008 Crisis! And now there are more and more talks about it being possible alternative (although quite unlikely), like various "Gold backed Cryptos" (or by some other tangible assets as Petro cryptocurrency in Venezuala), or new trend in so called "Stablecoins" (i.e. backed 1 to 1 by some Fiat currency)
or ... so called "Crypto-Fiat", i.e. digital version of existing fiat currency, emitted by Central Banks and thus totally Controlled and Centralized.

May be Cryptocurrencies were especially introduced well in advance to prepare general public for what is coming: inevitable Digital Fiat? (aka "Crypto Fiat") As well as all the tech, tools, Apps, tools, etc. ALREADY created and made available for mass usage.
That would make sense: erase all the Debts, Uncontrolled Emitting (or "pre-mined") = UNLIMITED Circulating Supply, non Audited, completely Centralized, etc. as well as of course "steady" / "stable", unlike too much fluctuating Bitcoin and other Alt-coins.

Well, these are my thoughts on this matter. That USD will be and in fact ALREADY being "Ditched", but certainly will be still around (as other fiat currencies), but may be will morph into its digital form and will be more evident transition into so called Cashless Society.

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Coincidentally, what else happened back in 1988 !!!

Crypto Anarchist Manifesto

The idea behind #bitcoin can be traced to "The Crypto Anarchist Manifesto" which was released 30 years ago in 1988 by Timothy C May.
https://twitter.com/7bitcoins_com/status/1053733608312225793

Wow! that like 6 months prior to that Economist issue!

Random Quote:


https://steemit.com/crypto/@swetangel/then-crypto-anarchist-manifesto

Related information:

Death of Money

"Chap. 1 of James Rickards “Death of Money” is an incredible read. My comment is, buy the book, read it. The info is detailed and specific and should be read in its full context." - Max Keiser
https://twitter.com/maxkeiser/status/1053736464347889665

from annotation to book:

“The next financial collapse will resemble nothing in history. . . . Deciding upon the best course to follow will require comprehending a minefield of risks, while poised at a crossroads, pondering the Death of the Dollar.”

Related stuff:

The history of the Central Bank, and how the US and England lost their sovereignty to a group of private bankers, for whom #Bitcoin was invented to directly compete with. The enemy of Crypto is the Central Banking Cartel.

"Jekyll Island off the coast of Georgia... This meeting was a plan to form a Central Banking system owned by the banks themselves, "a system which would organize the nation’s banks into a private cartel that would have sole control over the money supply itself...
Now, the vast majority of money is "not created not by a government printing press, but by the bank itself. It is created out of thin air as debt, owed back to the bank that created it at interest."
Read the whole story

also:

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