We are headed for a perfect storm over international banking systems.
The USA has abused it's privilege as the standard in international settlements with the swift system.
But now we have alternative nations setting up competitors to it. China, Russia and even the euro. Now add to the mix cryptos.
Cryptos offer instant payment (except bitcoin) and low costs. This places them in a good position to be an international mediator should the usd no longer be operational.
That's why it's a potentially very good hedge against a break down in fiat currencies and platforms.
If all the trade in usd had to take this route to market the price increase would be stunning. That's why crypto is worth trillions right now.
And Biden just threatened to cut Russia out of the swift system. Another abuse opening up the debate against the petrodollar again.
The USA would rather see cryptos win over Russia and china. They don't want this massive financial advantage getting into the hands of the enemy. Better to destroy the advantage completely.
This is what cryptos mean from a global trade perspective.
Gold is a one world currency accepted everywhere. The US dollar has been a one world currency. I think you need to look at crypto closer and see the difference in them. Ones that are open source like Bitcoin are not controlled by a central power. Look at it like this ---- open source - decentralized - free file sharing has destroyed Hollywood and the music industry. Their power is a shadow of what it once was. Open source, easy to use, decentralized money will destroy the banks and government control as we have known it and they will end up being a shadow of what they once were.
We should have never been using a paper currency to begin with. We should have never used anything other than silver or gold with equal weights and measures.
Paper currency began (more or less as traveller's cheques) because it was inconvenient and dangerous to carry a large amount of precious metal halfway across the world on your person. From there they became more and more commonplace for large transactions.
The problems began when they started to be issued by governments who could just keep printing them without going under. If a private bank did that they went bankrupt and were replaced.
Digital currency will be the end of liberty and freedom as we know it. Their plan is to have a One world currency that's it.
Yes, but not all digital currencies are equal. Privacy coins exist.
[ - ] Broc_Liath [op] 1 point 2.4 yearsDec 6, 2021 21:36:19 ago (+1/-0)
BTC itself is pozzed and I suspect NWO's next step is a world cryptocurrency. That doesn't mean however that they're not shitting themselves at the thought of an anti-inflationary currency that they don't control entering widespread use. If that happens they're fucked. Everything they have is based on controlling the banks.
[ + ] GeneralDisarray
[ - ] GeneralDisarray 3 points 2.4 yearsDec 6, 2021 22:10:57 ago (+3/-0)
The USA has abused it's privilege as the standard in international settlements with the swift system.
But now we have alternative nations setting up competitors to it. China, Russia and even the euro. Now add to the mix cryptos.
Cryptos offer instant payment (except bitcoin) and low costs. This places them in a good position to be an international mediator should the usd no longer be operational.
That's why it's a potentially very good hedge against a break down in fiat currencies and platforms.
If all the trade in usd had to take this route to market the price increase would be stunning. That's why crypto is worth trillions right now.
And Biden just threatened to cut Russia out of the swift system. Another abuse opening up the debate against the petrodollar again.
The USA would rather see cryptos win over Russia and china. They don't want this massive financial advantage getting into the hands of the enemy. Better to destroy the advantage completely.
This is what cryptos mean from a global trade perspective.
[ + ] Broc_Liath
[ - ] Broc_Liath [op] 0 points 2.4 yearsDec 6, 2021 23:57:06 ago (+0/-0)
*some cryptos
Ethereum is laughably bad right now. Like €25 transfer fees.
TRX is amazing though, and litecoin isn't bad.
Totally. And they do not want to give up that power.
[ + ] TerryB
[ - ] TerryB 0 points 2.4 yearsDec 7, 2021 05:34:29 ago (+0/-0)
[ + ] Broc_Liath
[ - ] Broc_Liath [op] 0 points 2.4 yearsDec 7, 2021 07:17:11 ago (+0/-0)
[ + ] PygmyGoat
[ - ] PygmyGoat 1 point 2.4 yearsDec 7, 2021 01:01:34 ago (+1/-0)
[ + ] account deleted by user
[ - ] account deleted by user 0 points 2.4 yearsDec 7, 2021 04:36:28 ago (+0/-0)
[ + ] TerryB
[ - ] TerryB 0 points 2.4 yearsDec 7, 2021 05:39:10 ago (+0/-0)
[ + ] Broc_Liath
[ - ] Broc_Liath [op] 0 points 2.4 yearsDec 7, 2021 07:20:03 ago (+0/-0)
Paper currency began (more or less as traveller's cheques) because it was inconvenient and dangerous to carry a large amount of precious metal halfway across the world on your person. From there they became more and more commonplace for large transactions.
The problems began when they started to be issued by governments who could just keep printing them without going under. If a private bank did that they went bankrupt and were replaced.
Yes, but not all digital currencies are equal. Privacy coins exist.
[ + ] pshawman
[ - ] pshawman 0 points 2.4 yearsDec 6, 2021 20:29:49 ago (+0/-0)
Why you think no big blocks and two chain splits occured?
[ + ] Broc_Liath
[ - ] Broc_Liath [op] 1 point 2.4 yearsDec 6, 2021 21:36:19 ago (+1/-0)