OP
Mauritio
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This is how gold and bitcoin behave during a crisis.
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The digital currency thread
- Thread starter Mauritio
- Start date
OP
Mauritio
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PeskyPeater
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Let's do a thought experiment:
In the near future of more advanced electronic technology, there is almost no analog devices nor fiat money, only currency that are either official central digital crypto or some altcoins of which some are banned crypto. Still banned illegal crypto will be used among people in the underground and hackers and criminal groups will have their own popular altcoins among themselves.
Mafia, criminal gangs and covert operations will see ways to disrupt electronic currency of their rivals or hated companies by using remote EMP attacks and mobile EMP grenades. In a power outage there are no crypto transactions, disrupting whole areas that are dependent on it for paying their food, water. etc
Covert government operations can starve folks, cause panic and make them submissive to their agenda, take away their freedom and control their population their identity and health via digitization.
With the population's electronic money dependence it is now easier than ever to reset a whole civilization. Every 1100 years or so there is a rise and fall of big civilization. When this time comes, be it from natural catastrophic event or simulated catastrophe, the richest elite globalists can eradicate the 'walking dead' and build a new civilization as they see fit, simply erasing folks from history without much trace, because they never really were alive, only existed in a virtual electronic reality, ironically a reality they gave consent to.
In the near future of more advanced electronic technology, there is almost no analog devices nor fiat money, only currency that are either official central digital crypto or some altcoins of which some are banned crypto. Still banned illegal crypto will be used among people in the underground and hackers and criminal groups will have their own popular altcoins among themselves.
Mafia, criminal gangs and covert operations will see ways to disrupt electronic currency of their rivals or hated companies by using remote EMP attacks and mobile EMP grenades. In a power outage there are no crypto transactions, disrupting whole areas that are dependent on it for paying their food, water. etc
Covert government operations can starve folks, cause panic and make them submissive to their agenda, take away their freedom and control their population their identity and health via digitization.
With the population's electronic money dependence it is now easier than ever to reset a whole civilization. Every 1100 years or so there is a rise and fall of big civilization. When this time comes, be it from natural catastrophic event or simulated catastrophe, the richest elite globalists can eradicate the 'walking dead' and build a new civilization as they see fit, simply erasing folks from history without much trace, because they never really were alive, only existed in a virtual electronic reality, ironically a reality they gave consent to.
Last edited:
PeskyPeater
Member
I think when one has a cooperative agreement with the actual crypto market makers that invented cryptos that invest millions in it and own the big mining plants, by staking crypto for them in a big multilevel network, then you have the most chance of survival in cryptoverse. Owning some crypto is not going to cut it. There is always the risk of losing worth of the whole freaking coin even if it's a stable coin. Meme coins dont make any sense except for money laundry. Unless there is very good potential technology for it, like GameFi and NFT, seem good for investing.
OP
Mauritio
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The END of ATMS in Australia? Thousands of cash machines are removed
ATM's across the nation are becoming less prevalent as banks shift their focus to digital transactions for millions of customers. Scores of bank branches are also closing, new data has revealed.
Demyze
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OP
Mauritio
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... and bitcoiners applaud this news. CBDC will be what they want bitcoin to become.
Demyze
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Most bitcoiners are delusional and have never read a history book. The don't understand the collusion between the state and capital and how the system actually works. The capitalist class seems to be pursuing economic contraction, after all class dominance is more important that growth and they'll be able to acquire and pillage any remaining assets of the other classes for next to nothing will ushering in techno-serfdom for the laboring masses
View: https://mobile.twitter.com/RedKahina/status/1499860314254458885?cxt=HHwWioC-vcvAydApAAAA
People forget that the system of capitalism was ushered in with the process of Enclosure-Barbed Wire | Capitalism and the Enclosure of the Commons | Patrick Br
They have some delusions about the existence of free markets
Herbie
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She has an enlarged thyroid, she wouldn’t have much of a life to begin with.
OP
Mauritio
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If china uses its digital yuan for the belt and road initiative (Belt and Road Initiative - Wikipedia),
this would drastically increase the use of their digital currency. 60-70% of the world's population are part of the BRI.
They could even trick/force whole nations into their digital money system by debt trapping them.
And it sure looks like they will do exactly that:
"The digital yuan, due to its purported benefits like faster and cheaper transactions, can give China the opportunity to reduce the cost and increase the ease of conducting cross-border trade along the BRI. Using its digital currency to settle cross-border transactions over the current payment clearing systems would enable China to bypass the existing U.S.-centric financial system while conducting business. This would immunize China’s business along the BRI against U.S. sanctions—significantly benefiting China’s geopolitical position, as well as its trade."
"As part of the initiative, China is promoting the use of the yuan for cross-border trade."
"China’s extensive aid program can be seen as a way of building soft power around the world. Through the BRI, China is creating a scenario in which several weak economies are growing increasingly dependent on it for loans. China is also accused of creating a debt trap for countries along the BRI, with Djibouti, Kyrgyzstan, Laos, the Maldives, Mongolia, Montenegro, Pakistan, and Tajikistan falling fast into the trap.70"
"China can assert its influence over countries with mounting Chinese debt by pushing them to accumulate the Chinese digital yuan reserves to pay back the loans. China can even provide countries with concessions on loans to promote its digital yuan. If the cost of switching to China’s digital yuan is low, countries will see no benefit in continuing their trade transactions with China in dollars. Using digital yuan as the currency of invoice to disburse loans can make these transactions more transparent and manageable. "
"For countries to readily adopt the digital yuan, China will have to first build the infrastructure and second, incentivize countries to use the digital yuan for trade. Both these scenarios are highly plausible considering China’s growing soft power in countries indebted to it and its motivations to build alternate infrastructure for trade not dominated by the dollar."
carnegieindia.org
this would drastically increase the use of their digital currency. 60-70% of the world's population are part of the BRI.
They could even trick/force whole nations into their digital money system by debt trapping them.
And it sure looks like they will do exactly that:
"The digital yuan, due to its purported benefits like faster and cheaper transactions, can give China the opportunity to reduce the cost and increase the ease of conducting cross-border trade along the BRI. Using its digital currency to settle cross-border transactions over the current payment clearing systems would enable China to bypass the existing U.S.-centric financial system while conducting business. This would immunize China’s business along the BRI against U.S. sanctions—significantly benefiting China’s geopolitical position, as well as its trade."
"As part of the initiative, China is promoting the use of the yuan for cross-border trade."
"China’s extensive aid program can be seen as a way of building soft power around the world. Through the BRI, China is creating a scenario in which several weak economies are growing increasingly dependent on it for loans. China is also accused of creating a debt trap for countries along the BRI, with Djibouti, Kyrgyzstan, Laos, the Maldives, Mongolia, Montenegro, Pakistan, and Tajikistan falling fast into the trap.70"
"China can assert its influence over countries with mounting Chinese debt by pushing them to accumulate the Chinese digital yuan reserves to pay back the loans. China can even provide countries with concessions on loans to promote its digital yuan. If the cost of switching to China’s digital yuan is low, countries will see no benefit in continuing their trade transactions with China in dollars. Using digital yuan as the currency of invoice to disburse loans can make these transactions more transparent and manageable. "
"For countries to readily adopt the digital yuan, China will have to first build the infrastructure and second, incentivize countries to use the digital yuan for trade. Both these scenarios are highly plausible considering China’s growing soft power in countries indebted to it and its motivations to build alternate infrastructure for trade not dominated by the dollar."
China’s Digital Yuan: An Alternative to the Dollar-Dominated Financial System
China’s central bank has plans to roll out a digital yuan, which could circumvent the U.S. dollar in important global financial transactions. Here are some ways the digital yuan could pose a challenge to the dollar’s prominence.
carnegieindia.org
OP
Mauritio
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Central Banks, BIS Develop Digital Currencies Platform Prototype
Several central banks and the Bank for International Settlements have developed prototypes for a common digital currencies platform that has the potential to make cross-border payments more efficient.
www.bloomberg.com
OP
Mauritio
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OP
Mauritio
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"Digital dollars, on the other hand, would be traceable and programmable. The Federal Reserve (or some other designated entity) would have the ability to create more digital dollars whenever it sees fit, and, depending on how the legislation is written setting up the currency, the dollars could be formulated to have various rules and restrictions built into their design.
For example, a digital dollar could be crafted to restrict fossil-fuel use, to give bonuses to people for spending at particular businesses, to enact de facto price controls by disallowing users from spending too much on particular products, or even to redistribute wealth.
In one report about the development of a central bank digital currency published by the Federal Reserve in January, the Fed outlined a few examples of possible “design choices” for a digital dollar, including that “a central bank might limit the amount of CBDC an end user could hold.”"
thehill.com
For example, a digital dollar could be crafted to restrict fossil-fuel use, to give bonuses to people for spending at particular businesses, to enact de facto price controls by disallowing users from spending too much on particular products, or even to redistribute wealth.
In one report about the development of a central bank digital currency published by the Federal Reserve in January, the Fed outlined a few examples of possible “design choices” for a digital dollar, including that “a central bank might limit the amount of CBDC an end user could hold.”"
Biden is planning a new digital currency. Here’s why you should be very worried
It’s clear that the Biden administration and Fed are working together to create a controllable, traceable, programmable digital currency.
thehill.com
Drareg
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- Feb 18, 2016
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This is it.
This redkahina lady is very interesting, clearly knows the workings of the machine, a good thing to keep in mind is her father worked for the CIA and she has signed a document with her father for some movie created for the CIA, her father was paul klein, the playboy creator, she is an heiress to his fortune.
She calls everyone else a spook, generally the people she calls spooks are likely spooks or private intelligence disinfo, is she a deeper layer of it all is the question? She does highlight the eugencis depopulation agenda far more than others, this is an important fact to highlight, most fake left don't do this, alison mcdowell for example doesn't, redkahina thinks she's a spook also.
I find her very interesting, I'm suspicious of her still, her friend hieropunk is another very bright individual - MUSINGS FROM HELL
Ultimately they are all wrong about what systems work best in the end, Ray Peat is the way, resource control is the objective of the ruling class, this is what redkahina et al highlight, this is the battle, what Peat realised is this starts with bioenergetic resource and coherent metabolism, people can then see or intuit what redkahina is saying then, they won't even need to read her verbosity in some cases, they will see it, the behaviour of the ruling class becomes self evident, this is why the left fail, even if the new world order fails this time around the left will fail to take hold because of the rampant mental illness, we need metabolic coherency.
Check out this guy on reddit also, he calls out the fake left -https://www.reddit.com/r/umfuld/
'Digital Dystopia' Looms: 90% Of Nations Are Planning CBDCs | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Z
Zsazsa
Guest
This is the president of El Salvador:
View: https://twitter.com/nayibbukele/status/1523742670044413954
View: https://twitter.com/nayibbukele/status/1523742670044413954
Even though I still hold a bit of crypto, it would be pretty funny if this happens to Tether and the entire crypto ponzi comes crashing down.
Tether is actually scary if someone understands what is going on. A highly unstable derivative type of ponzi. Careful people.
WoW! I just posted this yesterday and look what happened today ?
Zerohedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
EMF Mitigation - Flush Niacin - Big 5 Minerals
