There is one inescapable truth.
If the blockchain really threatened the power and control of centralization, it would have been snuffed in its infancy.
Instead, central banking and governments have been funding it.
“A day of reckoning is approaching for rogue forms of money like digital blockchain currencies, when they run head into the global banking cartel. While the Bitcoins of the world are proving a point, global Technocrats have no intention of releasing their current hold on economic and monetary transformation.” ⁃ TN Editor
This article is part 1 in a 2 part series.
The Economist, a magazine with easy to trace central banking ownership, ran a story in 1988 detailing a cryptocurrency they called The Phoenix that would become a world currency in 2018.
Although rumors abound over the identity of Satoshi Nakamoto and therefore their true motives behind creating the blockchain, one of the pseudonym’s meanings is “born from the ashes”.
The Bitcoin whitepaper was introduced weeks after Lehman Brothers declared bankruptcy in 2008 as a solution to the corruption of centralization – and a push towards a cashless society.
The Financial Times pointed out that central banks would be the real winners from a cashless society:
“Central bankers, after all, have had an explicit interest in introducing e-money from the moment the global financial crisis began…”
The country of Sweden has already taken the first step and is completely cashless.
China is primarily a cashless society with most of the citizens using a type of debit card, computer or their phone for most all of their transactions.
The International Monetary Fund combines 189 countries (each their own federal reserve) to help foster global monetary cooperation.
The reason for their existence is to gather statistics and to conduct analysis and mass surveillance of its members’ economies.
… the banking spy agency. This is who technically houses the IRS.
An IMF paper released this past June outlines how they will adopt a supporting role to blockchain by creating a ‘central bank-backed digital currency’ (CBDC) and assisting in designing the future regulatory environment of all digital assets. The paper specifies that designing a CBDC would allow the central bank to retain control of monetary policy effectiveness.
SDR would make the perfect trading platform:
The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. As of September 2017, 204.2 billion SDRs (equivalent to about $291 billion) had been created and allocated to members. SDRs can be exchanged for freely usable currencies. The value of the SDR is based on a basket of five major currencies—the US dollar, the euro, the Chinese renminbi (RMB), the Japanese yen, and the British pound sterling. (source)
Responsive liquidity and adjustment between deficit and surplus are some of the reasons behind the failure of SDR’s mass adoption, however blockchain technology can easily overcome those obstacles.
Mohamed El-Erian, former CEO of PIMCO, recently praised the concept of using the IMF SDR as a world currency mechanism and as a means to combat “the rise of populism.”
Two years ago China launched and fully funded the AIIB, Asia Infrastructure Investment Bank. This bank is designed to work along side other global banks like the IMF, World Bank and BIS.
The largest economies in the world joined the AIIB, totaling 57 nations. Only one major economy did not – the United States.
The U.S. has dug a hole of debt that is inescapable. China has carried the bulk of this debt, and knows it will not be repaid.
Since the launch of AIIB, China has been working in conjunction with the IMF to develop and launch a new SDR global bond that can be converted into currency.
The stage is set for a new world currency to replace the dollar.
It will be a cryptocurrency.
Part 2 (here)