Header Ads

Trust God

WILL BITCOIN GIVE BIRTH TO.......One World Currency - Could it be a Model?


 Is Bitcoin the future of our 21st century global economic system?

There was a prophesy thirty years ago...that "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."

This prophesy made the Economist headline in 1988, and at the beginning of 1988 this appears an outlandish prediction, but today thirty years after, we have Bitcoin digital currency that fit the bill of that prediction.

For the entities pursuing a one world government and one world monetary system, the creation of the Blockchain may have been exactly what they were looking for.

Bitcoin was created by an anonymous hacker in 2009. The virtual currency has experienced wild price fluctuations this year as investors embraced more than ever before and the price has reached all-time high this month crossing the $8,000 mark for one coin.

First, you need to know that Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing bitcoin  is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and it has many unique features that is not found in many existing payment systems, using its backbone blockchain network.

Right now, arising from the interview granted CitiBank CEO, we know that four major banks are working hard to create and implement a crypto-currency that would start out as a settlement currency for interbank transactions, but could evolve into their dream scenario of replacing cash completely, and forcing everyone to function under the auspices of a completely centralized monetary system.

Digital Money

UBS, Deutsche Bank, Santander and BNY Mellon have partnered up to create a new digital currency to facilitate intra-bank settlements, the FT reports. The cryptocurrency will use blockchain technology underpinning the Bitcoin.

Why is this different than any other Bitcoin startup – These are the banks that control the global currency market. 

So why does any of this matter?  Central Banking policy has run the global economy into the ground.  Central Banks OWN $25 Trillion of Financial Assets.  $13 Trillion worth of Government Bonds in the world have NEGATIVE YIELDS.  The financial system as it is now, is on the path for implosion.

Settlement Coin apparently is targeting ‘back office settlement’ to reduce costs which are about $80 Billion per year.  But why then does RT compare it with SDRs:

If implemented, the new cryptocurrency would be the first to be used officially between major financial institutions. The concept resembles the IMF’s Special Drawing Right (SDR), introduced in 1964. Based on a basket of currencies (the US dollar, euro, the Japanese yen, pound sterling and the soon to be joined Chinese yuan this October), it is used to supplement the IMF’s member countries’ official reserve. As of March 2016, 204.1 billion SDRs equivalent to about $285 billion had been created and allocated to countries.

Once implemented, these banks have the means to quickly connect this new cryptocurrency “Settlement Coin” to their existing global network, as well as adding their own proprietary currencies such as “CitiCoin.”

It will take some time before the cryptocurrency is even released, and still probably years before it’s widely accepted.  What makes this week’s announcement unique is that, for the first time the banks publicly announced they are making a new digital ‘crypto currency’ that isn’t issued by a central bank, that can be implemented by them across and without borders, which is a perfect fit for a replacement of the US Dollar and other fiat currencies when they completely run out of QE steam. –

The fact of the matter is nearly all central bankers know that the days of the monetary system based on fiat currencies is dying.  However, no one ever desires to give up the power once they have it, and it appears that the bankers are jumping on board the Blockchain with open arms to build and create the next financial system, which they hope will not only be the last, but will also be the one that they can control as the world’s single currency

FIRE:  The relevant question remains , will Bitcoin give birth to "One World Currency"? -  Time will tell!  We hope to provide relevant updates on this 'end-time' subject as they emerge. 


Powered by Blogger.